you guys all know that i love to use the
moving averages every time price rejects
off of the 21 it's usually a good time
to go with the trend however for the
past several months i've been absolutely
addicted to the v whap line for those
that don't know it is the volume
weighted average price so in this video
we're going to discuss two options the
normal v-app or the anchored v-app and
find out which one is better
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welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable i'm gonna try to keep this
video under five minutes so let's just
get right into the charts and i'm gonna
show you how i've been tracking gbp usd
since essentially 2017. so for those of
you that have been here for a while you
guys know that i like to use these
parallel channels in kind of correlation
to my trend lines because usually when
price is consistently going up in a
specific direction it'll actually stay
within a channel and as you can see over
time it keeps going through the
staircase that is the support and
resistance lines
breaking those trends and forming new
trends you also remember me discussing
how you can actually double up and layer
two of these channels if it's ranging in
one channel and then it breaks out of it
it usually goes to the top of the second
channel now during the last trend that
i've been tracking as it's been going
down it broke out of that first range
that first trend channel into the second
one
broke through that into a third one so
this is absolutely crazy and you can see
that right here with the volume bars the
volume has been astronomically high
compared to what it's been all
throughout even 2020 and yes you guessed
right this is all because of what's
going on in the world and the war now if
you go into indicators and type in v app
you'll get volume weighted average price
now as you can see if you have this up
on the daily chart it is not a good
indication because the vwamp line
basically resets each day so on a daily
chart it's just pinning to each one of
these candles so you can see that
depicted right here once the day starts
that's when the v wap line resets and
essentially gives you the general trend
of the day so depending on which time
frame you're actually trading this will
give you a good indication on which side
of the price you should be on the issue
is with the standard v-wap is that it
only ranges for 24 hours you can't take
specific times and dates or beginnings
of major events into account which is
why i would like you to use the anchored
v app now anchored v app is not going to
be
under the indicators tab it's actually a
tool in your toolbar the second icon
down right here you have trendline arrow
ray all of that but at the bottom you
have anchored vwap now we can actually
take it out to a higher time frame like
the daily and drop the anchored vwap
right as this major event started you
could see all of these massive high
volumes happening here
right as it's hitting the top of this
range and rejecting down off of it that
right there
is the move where you want to anchor you
want big strong huge movements because
that is going to be your pivot point so
go to your tool bar click anchored v-wap
and drop it right there and as you can
see every time it hit the blue v-wap
line at the beginning it kept pushing
down reaching it again
and then correcting down if you had just
set your anchored v-wap right here at
the beginning of that global conflict
you would be in so much profit you
couldn't even spend at all there's no
way now for those of you that actually
noticed it i've started another anchor
point right here the reason why is
because i tripled this parallel channel
all the way down and it rejected right
here now something like this hasn't
happened in probably about a decade so
i'm thinking this might be the reversal
because if we look at price you can see
it is making lower lows
and yet on the rsi
it is making
higher lows consistently it's also
definitely breaking a nice solid trend
line that's been happening on the one
hour time frame
since
april 20th and since we've had multiple
divergences and it is hyper extended
away from the v-wap line
i would be very very comfortable putting
in a long position here targeting the
v-wap and keeping your stop-loss
below where the view app has been
crossed recently let me zoom in a little
bit more
where this new v-wap line is starting
because you could see it broke up
retested it and is continuing to push up
that right there is a one to two on a
one hour time frame now when looking for
your anchor points for your anchored v
web what i want you to do and this is
the only time i recommend doing it is
looking at the traditional volume charts
you can clearly see right here the big
spikes in volume that's where you want
to keep your anchor points obviously you
want to go with the biggest volume spike
and you can see from that volume spike
on the one hour time frame we were
constantly in a downtrend and rejected
off of the v web multiple times going
down now we've crossed through it and
are consistently pushing above it so now
looking at that knowing that the price
is going up on the top side of that
v-wap what you want to do is put your
second anchored point right here at that
low point that it hit and now you can
see we're clearly rejecting off of the
v-wap going up this is really really
really going to help you in your swing
trading if you are trading long-term
and even if you're scalping hitting
high-volume candles for the day like the
high
you know trap prices that's where you
put your anchor v web ride the trade in
that direction i'm probably gonna do a
follow-up video on this to make it more
strategy like oriented absolute rules
but i definitely want you to play with
this when you're doing your analysis
find those high and low swings find
those high volumes put the anchored
v-wap on those points and see if it
corresponds to your analysis and it'll
give you another confluence for your
trade and if you guys want to scalp this
on the five minute time frame check out
this video right here where i
incorporate the v-wap with five-minute
scalping drop a like if you guys enjoyed
this video and i will see you in the
next one