hi there, im jason from london........been studying
vwap for some time now.
A mentor friend of mine trades equities using
vwap and mpd bands set 2
sd away from
vwap, pretty much like your set up, only he trades the opposite way round to you. What i mean is when price hits the 2
sd he then trades and exits at
vwap. There is other entry critria which he also uses like whether the index is ranging or trending, up or down etc, but it works for him and he swears by
vwap. He says that brokers and mm use
vwap as their benchmark in their trading, 'if its good enough for them its good enough for me' he says.
Why can't we use the
vwap the same way as my friend does?, or do you already?
Is
vwap used the same way in futures markets as it is in equities, meaning do mm and brokers use it for their benchmark in futures as in equities???
thanks and regards, i have learnt so much already from your videos,
jason