You may have heard the adage, make hay while the sun shines. In market terms, we might translate this to ... make (the most) money when conditions are favorable for your strategy.
The recent increased volatility yesterday, and last Monday 9/20, also increase the probability that range days will follow. In this video, I take a look at a VWAP Bands strategy (Stay IN Your Lane) that does very well under these conditions.
The primary indicator for the strategy shown in the video is called " VWAP Stdev Bands v2 Mod UPDATE" and is available in the public library on TradingView.
Yh I tried to backtest this .. This seems to be working extremely well during Sell-top Buy-Bottom days. Which usually happens after a breakout of 2+ ranging days. That’s the only bit I couldn’t figure out in my day structure strategy. So thank you for this.
adamdominikneill
⋅
Great video Rod, which you expand on excellently through discussions in the TDG Pro Trading Room.