Fine tune your entries with Anchored VWAP

Introduction

The speakers introduce themselves and the purpose of the webinar. They discuss their new product and how it relates to Brian's book, "Maximizing Trading Gains with Anchored VWAP."

• The speakers introduce themselves and explain that they will be discussing a new product related to Brian's book.

• They mention that viewers can choose whether or not to have their webcams on during the webinar.

• The speakers emphasize that they are not financial advisors and that their opinions should not be construed as financial advice.

Overview of "Maximizing Trading Gains with Anchored VWAP"

Brian discusses his book, "Maximizing Trading Gains with Anchored VWAP," and explains what anchored volume weighted average price (VWAP) is.

• Brian introduces himself and mentions his work on Alpha Trends.

• He talks about his book, which focuses on strategies for using anchored VWAP in trading.

• Brian explains that anchored VWAP is an objective way to determine who is in control of the market at any given point.

Partnership Announcement

The speakers announce a new partnership.

• The speakers tease a new partnership announcement later in the webinar.

There was no specific timestamp provided for this section.

Conclusion

No specific conclusion was provided in the transcript.

There was no specific conclusion provided in the transcript.

Understanding the Anchored VWAP

In this section, the speaker talks about how institutions use anchored VWAP and how it can be used as a support resistance tool.

Using Anchored VWAP as Support Resistance Tool

• The anchored VWAP allows us to objectively measure who has control in the market.

• Use anchored VWAP as support resistance tools. Just like traditional support, the more times it's tested, the more likely it is to fail.

• If the stock is below a declining volume weighted average price from the start of that measurement, sellers are in control 100%.

• When we have a support and resistance come together, that's what I like to call "the pinch."

Anchored VWAP Pinch

• An anchored VWAP pinch is when we have a dominant trend and a longer-term trend. It allows us to see two different trends at the same time.

• We add red anchored view app once it begins to pull away from there and say if that will be an important level. As it pinches between there and not extended well, we want to buy as it comes out of that compression of range.

Conclusion

• Nothing works all the time in the market. We might expect primary trends but sometimes they fail and break down. We don't want to buy while stocks are doing nothing; we want to wait for price confirmation.

Managing Risk with Trend Trading

In this section, the speaker discusses how to manage risk using trend trading and the importance of using anchored volume weighted average price (VWAP) to identify levels of interest.

Trend Trading and Risk Management

• The speaker is a trend trader who bases risk management on the definition of trend.

• IPOs are one of the most pure ways to look at a stock as it provides an exact measure point for supply and demand.

• Anchored VWAP adds structure and logic to the market where none exist otherwise. It's not based on random periods like 10 or 20 days but rather actual measurement of supply and demand.

• The speaker puts his stop under the most recent relevant high or low, depending on whether he is long or short.

Using Anchored VWAP for IPOs

• The speaker uses examples from his book to show how anchored VWAP can be used for IPO stocks.

• Watching as a stock hits that level and waiting for it to bounce before buying is one way to use anchored VWAP.

• Identifying levels of interest using anchored VWAP allows traders to add structure and logic to the market.

Appendix

• Start with the appendix if you're new to trading or new to anchored VWAP. It covers multiple time frames, sources for VWAP, and four stages.

• Alphatrends.net provides daily information on implementing these strategies.

Introduction to Trade Ideas

Michael introduces the pre-built strategies in Trade Ideas that can be found by the computer. These strategies are based on the learnings from a book and take away the tedium of loading up charts and building custom scans.

Pre-built Strategies

• The pre-built strategies are based on learnings from a book.

• Michael shares his personal experience of following Steve and Brian's videos when he was learning to trade.

• Michael was initially skeptical about using anchored view app until he read the book and started building these scans himself.

• The alpha trends anchored view app add-on is an additional product that includes all existing scans as well as any future ones built with Brian.

Benefits of Pre-built Strategies

• The pre-built strategies are accessible through an additional channel in Trade Ideas, making it easy for users to find them.

• Users don't have to build these setups themselves or tweak time frames and custom settings.

Features of Trade Ideas Platform

In this section, the speaker talks about the features of the Trade Ideas platform.

Customizable Single Stock Window

• The platform provides access to a single stock window that can be customized with fundamental or technical data points.

• Users can add information such as short float and earnings growth.

• Price alerts can also be set up for specific stocks.

IPO Anchor V Web Scans

• The speaker demonstrates how the platform's IPO Anchor V Web Scans work.

• These scans update every minute and look for stocks near the anchored view app from IPO.

• The auto-drawing feature makes it easy to see where a stock is going and coming from.

Live Scanner vs. Screener

• The speaker explains the difference between a live scanner and screener.

• Trade Ideas is a live scanner that updates in real-time, monitoring everything constantly.

• This allows traders to catch opportunities as they arise throughout the day.

Computing Data in Real-Time

• The amount of data that Trade Ideas computes every minute is extraordinary.

• It looks at price and volume together, constantly adding new volume as it happens and crunching in new data.

• This allows traders to find support at anchored view apps in real-time.

Using Trade Ideas Platform for Trading Opportunities

In this section, the speaker discusses how traders can use the Trade Ideas platform to find trading opportunities.

Finding Cheapy Gold Plays

• The speaker demonstrates how traders can use Trade Ideas to find cheap gold plays like iaux.

• If a stock moves too far from its anchored view app from IPO, it can easily be removed from consideration.

Real-Time Updates Throughout the Day

• As active traders, it's important to have access to real-time updates throughout the day.

• With Trade Ideas' live scanner, traders can catch opportunities as they arise.

• The platform's speed and ability to compute data in real-time make it an invaluable tool for active traders.

Using Anchored VWAP for Trading

In this section, the speaker discusses how to use anchored VWAP for trading and how it can help traders identify support and resistance levels.

Anchored VWAP Pinch

• The anchored VWAP pinch is a next-generation bull flag that helps trend traders identify potential trades earlier.

• It allows traders to get through charts much quicker as they don't have to manually draw the V-WAP.

• The speaker took a trade today using this strategy on Katie Holmes stock, which gapped above the anchored view app and started pushing through.

Positioning Year Range

• The scan includes columns for positioning year range, six-month range, and 20-day range, color-coded to quickly see if a stock is strong or weak.

• For example, IOT was clicked on because all of these were green indicating that it's in the high end of its year range, six-month range, and 20-day range.

• Conversely, mRNA was clicked on because all of these were red indicating that it's in the low end of its year range, six-month range, and 20-day range.

Weekly Chart Analysis

• The speaker also discusses using anchored VWAP on weekly charts for longer-term trades such as TME where it acts as support from lows and resistance from tops.

• If TME closes over this week above the anchor view app acting as resistance then that could be a signal to buy.

Introduction

In this section, the speaker introduces a new product and emphasizes that it is just the beginning of what they plan to build.

The New Product

• The speaker introduces a new product that took a lot of computer power and imagination to build.

• The product is only the start, and they plan to continue building scans.

• They are excited about the coordination between different features in the product.

Personal Experience with the Product

In this section, the speaker talks about their personal experience with using the new product.

Using the Product for Trading

• The speaker admits to using the product more than they initially thought they would.

• They can see themselves only trading AVAT pinches from this point on.

Q&A Session

In this section, questions from viewers are answered.

Anchored V-WAP Pinches

• There is no right answer as to how far back you draw anchored lines for a pinch. It depends on what it is and where you anchor it.

• Anchored V-WAP pinches trap emotions of a big group of people and gauge those emotions and how they're feeling. It's like trading human emotions and collective behavior, which makes it a self-fulfilling prophecy.

Efficacy of Anchored V-WAP Pinches

• Some viewers asked if anchored V-WAP pinches will stop losing their efficacy when more people start using them. This question was not directly answered in this section but may be addressed later in the video.

Understanding Trend Trading

In this section, the speaker discusses how different traders have different time frames and how it can affect their trading decisions.

Different Time Frames

• Trend traders and reversal traders have different time frames.

• Traders may end up making mistakes due to emotional reactions.

• The more experience a trader has, the less likely they are to make emotional mistakes.

Year-to-Date Anchored View App

In this section, the speaker talks about the year-to-date anchored view app and how it is developing.

Year-to-Date Anchored View App

• The year-to-date anchored view app will be added next week.

• There are already many scans available in the system.

• As ideas come up, Brian will send an email to Mike to add them to the system.

Hands-off Approach for Clients

In this section, the speaker discusses how they are trying to keep things as hands-off as possible for clients.

Hands-off Approach

• The plan is to keep building out scans for clients.

• Eventually, there will be too many symbols for anyone to look at.

• Clients just need to pick a time frame that works for them.

Trading Setups and AV-WOP Pinch

In this section, the speaker talks about trading setups and demonstrates an AV-WOP pinch.

Trading Setups and AV-WOP Pinch

• To learn about trading setups, read the book or use promo code ALPHA TRENDS for 20% off.

• An example of an AV-WOP pinch is MAXN on a daily timeframe.

• The speaker prefers not to buy at touch of V web but instead looks at volume weighted average price anchored from a key point.

Analyzing Stocks with Pinch Setups

In this section, the speaker discusses how to analyze stocks using pinch setups and how to identify turning points in the market. They also explain how to use Trade Ideas for simulated trading and interactive brokers.

Identifying Turning Points in the Market

• Pinch setups can help identify turning points in the market.

• The earnings report is a good anchor point for identifying shifts in supply and demand.

• Buyers are back in control if the average price paid is lower than the current share price.

Using Trade Ideas for Simulated Trading

• Trade Ideas offers simulated trading that can be linked to interactive brokers, E-Trade, and soon Alpaca.

• Simulated accounts can be used to paper trade until you feel comfortable with a strategy before using real money.

• Setting up orders can be done through Trade Ideas by clicking on charts and setting buy/sell orders with stop losses automatically set up below them.

Taking Profits

• The speaker suggests taking a first third off if it hits daily R2 pivot levels as a way of reducing overall risk.

• After buying aggressively, they suggest selling another third when it gets to a place where most people would call it a breakout from previous highs or lows.

Overall, this section provides insights into analyzing stocks using pinch setups and how to use Trade Ideas for simulated trading while also discussing strategies for taking profits based on pivot levels and breakouts from previous highs or lows.

Trend Trading Strategies

In this section, the speaker discusses his trend trading strategies and how he uses higher highs and higher lows to define trends.

Using Higher Highs and Higher Lows to Define Trends

• The speaker sells some of his stocks into breakouts and uses the definition of trend (higher highs and higher lows) for his final third.

• He enters on a 10 or 15 minute timeframe and raises his stop under the success of higher lows.

• For a short sale, he lowers his stop down just above the most recent relevant lower high for the timeframe involved.

Using Multiple Time Frames

In this section, the speaker talks about using multiple time frames in trading.

Zooming in with Anchored View App

• The speaker mentions that he likes to use multiple time frames and zoom in with anchored view app.

• He suggests switching through time frames while always looking at that anchored V web to fine-tune entries.

Pinch Points in Trading

In this section, the speaker discusses pinch points in trading.

Tightness of Pinch Points

• The speaker explains that a real wide pinch may already be extended by the time it breaks out, so he prefers a really tight compression of energy.

• He sorts by the tightness of pinch points when building scans.

Conclusion

In this section, the speaker concludes by discussing how he takes notes with his iPad and plans to build another scan based on his ideas.

Taking Notes and Building Scans

• The speaker mentions that he takes notes with his iPad and plans to build another scan based on his ideas.

Understanding the Anchored VWAP

In this section, Brian Shannon talks about how the anchored volume-weighted average price (VWAP) can be used to analyze supply and demand in trading.

The Anchored VWAP

• The anchored VWAP is similar to traditional technical analysis patterns like a symmetrical triangle or an ascending triangle.

• It measures range compression by analyzing supply and demand instead of just highs and lows.

• The anchored VWAP helps traders become more objective analysts by providing insight into market trends.

Using the Anchored VWAP

• Traders should use what works for them, but adding the anchored VWAP to their analysis can make them better analysts.

• The anchored VWAP can be used for any market as long as there is price, volume, and time data available.

Introduction and Next Steps

Steve thanks everyone for attending the event and introduces Scott to discuss the next steps. They have created some videos as an add-on subscription to Trade Ideas, which requires an active standard or premium subscription. The new beta version 5.6.46 is available at tradeideas.com/data.

• To add the video subscription, go to tradeideas.com/features/avwap.

• The Alpha Trends add-on costs an additional $49 per month, but the first month is discounted by 20% with the code Alpha Trends.

• If starting a new subscription, use the same code to get a 20% discount on either standard or premium subscriptions.

• For any questions, email support@tradeideas.com or call their support team.

Conclusion

Steve thanks Brian and Michael for their contributions and concludes the event.

• The video replay of this event can be found on their YouTube channel: youtube.com/tradeideas.

• An email reminder from GoToWebinar will be sent with a link to the playlist where you can find it.

• Ryan's book can also be purchased using the provided link.

• Thanks everyone for attending.