Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: All right, good morning. This is David from Trader Dale, and today we’re going to go over a concept and a theory that I find very useful in my trading. I try to start beginner students off with these types of methods because it’s something they can notice very easily, and they can have some type of structure behind it. Now, the only thing is that it doesn’t happen every single day or every minute of the day, where people are just so in tune to trade, trade, and trade, and overtrade. But if you look at the markets, before every big move in the market, there’s usually a signature in price, and that signature in price is usually a higher-timeframe candle. All right, price discovering and rejecting...
Video Transcript Do you trade using Daily, Weekly, or Monthly VWAP? Then there’s one important thing that you should know. When a new VWAP starts, it hasn’t collected enough data yet, which makes its levels unstable and less reliable for trading. So, how long should you wait before you can actually trust those levels? Let me show you how I approach this with the Daily, Weekly, Monthly, and even Yearly VWAP. I think it’s pretty important to let the VWAP develop before you start trading with it. The reason for waiting for the VWAP to develop is this: the VWAP starts calculating anew. For example, every new day, a new Daily VWAP starts getting calculated, and it pulls data from here. It doesn’t have any historical data, so it starts from here and begins collecting volume, price, and time data. In the initial period, it doesn’t have enough data, so it’s sort of wild. It’s still collecting data, but later, it has more data. The indicator becomes wider, it’s more stable, and you can depend o...