6 Tips for Trading the VWAP Hold High-of-Day Pattern
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- Опубліковано 15 чер 2024
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If you’ve been following Tim Bohen for some time now, you’ve probably heard him mention the ‘VWAP-hold high-of-day’ pattern. This afternoon setup is one of the best patterns for new and part-time traders. Find out why as Bohen breaks down the pattern, the thesis, and how to find it.
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VWAP is probably the single most trendy indicator out there. What's great about that is it tends to become a self-fulfilling prophecy.
But what is VWAP? It's an acronym for volume-weighted average price. And that's what's great about VWAP… It's an indicator that combines price and volume.
So what’s the criteria of the VWAP-hold high-of-day? Be sure to tune in for a chart view of Sorrento Therapeutics Inc (NASDAQ: $SRNE).
First it’s gotta be a former runner … a stock that’s made big moves in the past. You also want it to be in a hot sector.
Pay attention to the volume. The volume should be ridiculous. For example, 500 million shares traded on a low float stock with dubious news. This shows you that there’s a lot of buyers.
Next, you wanna look for that news. SRNE is notorious for putting out press release after press release.
Be sure to look for that big move in pre-market, it should be up nicely. Then, you wanna look for that 52-week breakout. It should be a big gainer early, then break out in the morning and consolidate above VWAP.
When a stock’s above VWAP, particularly in the afternoon at a 52-week high, trading unusual volume, in a hot sector, it tends to break out in the afternoon. That means buyers are in control.
Now that you’ve got the criteria (write it all down!), tune into the video for the thesis and how to approach these trades!
#StockMarket #VWAP #HighofDay
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Want more tips, check out SteadyTrade Team: stockstotrade.info/2Eqn7lM
What do you think of this pattern? Have you traded it before? Leave a comment and let us know!
I have been watching your videos on and off for about two years and have learned so much from your teaching. I would it liked to do it constantly without stopping but as English is not my first language I found it so difficult to understand being able to follow all your talking for which I have been watching your videos several times and rewind and rewind them over and over until I could get the message . Now, after almost three years I feel so excited that I can understand everything and relate it to the charts. Yaay! Son I will be ready to be part of your members who benefit from your amazing knowledge! Thanks so much for what you do Tim, blessings and happy new year!
Summary-
1. Former Runner
2. In the Hot Sector
3. High Volume
4. News - Press release - catalyst
5. Big Premarket Breakout
6. 52 week breakout
Look for the afternoon - 2pm window HOD breakout to buy, in this example $18
Use the fail of the intraday support as a stop - in this example $17 ($16.98 for me)
Great Video Tim!
Thanks, one step closer to becoming a profitable trader.
Been trading for 2 months and I must say I understand you better than most !
Always learning something from you …. Thx Tim. Gary V
Glad to hear it
I’m 5 days into researching the stock market and I have to say although I don’t understand half the stuff you are saying I can proudly say I am 1% closer to getting to where I would like to be
That's a goal... Get a little bit better every day! 🙌
We are each one day at a time. 💪🤞🏻
I love this video, thanks Tim Bohen! My favorite part of this lesson is what wasn't mentioned in this video though but ironically shown throughout instead. That is, that newbie shorts will look at the long-term chart shown at 2:30 in the video, will form the thesis that since the stock is already up $8 off of the original breakout at $10 that it has to come crashing down soon, will see the double top shown at 5:35 and will be shorting the hell out of this thing based on price action without bothering to check the volume at 6:08 either because they're too lazy or just inexperienced (never short a low float runner with high volume on good news) and will find themselves underwater when the stock hits the new HoD at 6:32. TL:DR? When the shorts hit the panic button to cover or are forced to buy in by their brokers, that will drive this stock even higher. Bulls for the win!
I added VWAP to my trading platform screen after watching this, thanks!
You're welcome!
Thanks for being clearly spoken and inspiring. Dan
Thank you Tim awesome content as always
One of my favorite set-ups, most certainly my favorite for afternoon trading 👌🏻👌🏻👌🏻
Thanks Bohen! Been joining your pre-market and daily briefing for the past few months and really appreciate all your advice. Still trying to understand and time the trade around the 2pm window.
Thank you Tim, great refresher !
Extremely helpful, Thanks Tim!
Another fine video thanks Tim B👊
Thanks Tim for educating us, your followers, important aspects of trading. Thanks thanks thanks
Always!
Big love at you Tim / you’re one of go-to guys for tips and learning
Thank you Tim!
Great video Tim! Thank you..
Glad it was helpful!
This is actually really helpful. Thank you!
Glad to hear it!
Studying this pattern. Thank you.
Great stuff as always man!
Awesome stuff!! Thx Tim. U da best!
Thank you Tim. You I like the way you explain things.
Thank You Tim 💜
You bet!!
Awesome video - love the VWAP!!
Thanks for the video Tim! Great explanation. I think as much as you talk about it on your live webinar's, a lot of us have been waiting for this. Well done.
Glad you enjoyed this one! Definitely check out SteadyTrade Team too: stockstotrade.info/2Eqn7lM
StocksToTrade I’m thinking about it!
Great educational video and thanks for sharing this with me
Thanks for tuning in William!
Amazing video!
Great Video!!!
Thank you
ThanksTB
Thanks Bohen
Thanks for tuning in!!
Thanks for sharing
Thanks for watching!
VWAP Hold HOD Break is a gret setup. Works great with Break of PM High or Morning High of Day. These two setup provide good Resistance levels to use for VWAP Hold HOD Break.
thanks
Can you please talk about the short strategy way with VWAP
on Stocks To Trade you can add 2 different VWAP indicators one is VWAP and the other is Moving VWAP. Which one do you use? is there a difference? I tried adding both and they were in different places.
Is it a ok to set your entry before it reaches the hod or do you recommend to wait till it reaches the hod
Is the fail on vwap or the support. Also is the entry at the hod or when he breaks vwap with a strong upward trend
Thanks Tim for very useful information, is this set up only for listed stocks or for OTCS as well?
both it works better with otcs actually
What do you use to find hot sectors?
Was SRNE the one stock that went 1000% on news and short squeeze during the Spring?
The entry point is the top of the ascending triangle?
Stockstotrade can we integrate TD Account on stt platform?
What time is the morning webinar?
August 10, 2020, $SRNE maxed out @ $19.389; not quite $20 but whoever was long after it broke HOD made a nice profit if they had a decent plan.
What about other factors> Still buying the breakout if it's already up 200% today? Still buying if it's already a mile above vwap? Is stop to entry too wide to take the trade? All part of the planning process.
I can't seem to find the worksheets.. Do I need to sign uo and pay for a member ship?
Hi Jesse - email us at support@stockstotrade.com
My biggest money maker in the Steady Trade Team, join to learn more. Tell them WaterSgt sent you.
Dude 18.82 high nice.
When is the ideal time to buy when trading this pattern? I never hear him say. Are you wanting to get in early? Maybe at high of day?
How to you plan your exit? It's something you seem to leave out!
He actually said put your stop at the support level below the double top which I think is a bit conservative. When the price broke resistance (at the double tops) it becomes a new support level. I would put my stop loss at that point, which is about a dollar higher. Just my thoughts, Im sure he has a reason that makes sense to put it where he did.
✅
HOD was $19.39 so close!
Tim, based off your excited tone, it looks like you may have a position in this Trade while your making this video lmao.
why don't more people just trade premarket?
my question is doesn't the buyers identity matter when going long? if you're buying a setup you describe, but in one situation BlackRock is 60% of the buyers behind the bullish pattern, wouldn't that make it ridiculously more effective than the pattern you're buying off of 60% retail dumb money? are there any realtime daytrading info providers for this kind of thing?
What the hell are you saying?
You all really being sued by Scanz??
plans / plays /days / diary.......yes you certainly do talk fast
I’m gonna hit the dislike thumb twice! Just to make sure! Solid Tim sir. Solid and on point. Thank you so much for sharing !
... you mean like?
Absolutely! Hitting dislike 2 times turns in on then off. I hit the like and subscribed! You have such a wonderful spirit! Love your videos sir! Keep going strong...one day I’ll be able to pay it forward.🙏🏻
Lol notice how ever since he made the video on $SRNE it started to dump ..and as of now its at 8.28😅 pumpers always making videos at rhe wrong time absolute top getting rhr sheeps to buy the top
@@stockscollege791 He's been doing videos on srne for weeks.
Stocks College patterns repeat bro he’s not giving hot picks he’s going over the process. Never mind the ticker
I WANT YOUR BOOK IN MY FACE
With all respect he does not even know what vwap is. It is the average price that was paid for the stock at that time so far during the day. When you understand this it makes sense why it is such a relevant and respected resistance, you're welcome.
Do the opposite of what this guy talks about and you'll make money 💰