VAB trading in EURJPY 1h 20210729 09.00
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VAB trading
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V = Volume weighted average price (VWAP) line
Arrow = price crossed VWAP
Bell = price touched VWAP
At 29 July 2021 0900 hours UTC+7 in a EURJPY 1h chart, the VWAP (Volume-weighted average price) line turned from purple to white. The price crossed above the white VWAP with a green arrow. The RSI also crossed over 50%.
At 12.00 hours, the price came down to touch the white VWAP line and a bell showed up. With these conditions (Vwap-Arrow-Bell) in place, a buy order could be sent out the instant that the bell appeared. If the leverage was 1:500 and the lot size was 20% of the balance, a cautious trader could take profit when the fund grew up beyond 4%.
VAB trading
==========
V = Volume weighted average price (VWAP) line
Arrow = price crossed VWAP
Bell = price touched VWAP
At 29 July 2021 0900 hours UTC+7 in a EURJPY 1h chart, the VWAP (Volume-weighted average price) line turned from purple to white. The price crossed above the white VWAP with a green arrow. The RSI also crossed over 50%.
At 12.00 hours, the price came down to touch the white VWAP line and a bell showed up. With these conditions (Vwap-Arrow-Bell) in place, a buy order could be sent out the instant that the bell appeared. If the leverage was 1:500 and the lot size was 20% of the balance, a cautious trader could take profit when the fund grew up beyond 4%.
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