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I like the strategy that you use but the only thing that I seem to find a bit wrong with it is that you seem to really need to wait a long time for the volume distribution function to develop i.e: you have to wait a long time in the trading day to actually do anything. |
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Good observation Nick. There is a solution to this which we will eventually get to in later threads having to do with how you incorporate previous days, weeks, months
VWAPs and their
SD into todays price action. At this point in time, our NEWBIE trader waits for the distribution to develop and also waits for the price action to touch the
VWAP. But, coming up in the next thread, we will introduce a paradigm shift in NEWBIE's thinking. Stay tuned.
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Can you add in another factor into your analysis, specifically time? Question being, if you factor in time then you can do a regression analysis based on price, volume, and time so that you can get a probability distribution (90% confidence intervals) to help time trades early on in the trading session. |
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Perhaps you might want to expand on this, to give us an idea of what you are thinking about here.