pic and text from old lost thread.
Re: Combining trend and VWAP ranges
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Trades
1. Main Trade is 3min in the direction of 15min
2. in sideways - in yday range (yellow), in 15-13 band for some time, in 60-13 band for some time is switch to sell resistance and buy support
3. +1SD failure can be taken for scalp trade to next supp. At support if support comes in we get back into the main trend
4. -1SD failure can be taken for scalp trades to next resistance. At resistance if resistance comes in we get back into the main trend. e.g. 12pm longs of Sep 20th.
Personally I use all of the above on 1min chart and use 1min pvt beyond the bands to take trades, but all may not be comfortable with 1min. Note: I am not trading 1min. I am just using 1min chart to use a 1min pvt that is beyond the bands to confirm that the band is genuinely broken.
I think that is all to say for now. Hope we can all collective have an interaction on this as you try it out.
Regards,
Pratap
another post
explanation
Re: Combining trend and VWAP ranges
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25th Sep BNF
intial sideways...then BD and trend holding between -1SD and -2SD ...and then later a -1SD failure
It is worth shorting the 1st pb to 15-13 high...but after that if 15-13 low gives support like it did today, then the it could becomes sideways in 15-13 or reverse the trend*
P.S. I use the 1min chart only to get 1min band which I use in sideways and to get 1min pvts which I use beyond the band to get confirmed BO/BD of the bands. As you will notice I held through the trend using -1SD and 3min bands
Regards,
Pratap