VWAP stands for volume weighted average price. It represents the balance area for supply and demand. For forex trading, simple numeric mean can be used.
Tuesday, October 14, 2008
13th October Power Up
Market internals were so bullish.. that scalping a LONG from blue dot could return +300pts!! This is the correct way to trade on days like this. (on NYSE there are 15 stocks advancing for 1 decling stock). Never short the market on bullish days.
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