Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 1:56 pm
this actually is the 2nd leg I mentioned earlier. didn't think it'd go down this much. this bear probably still has legs.
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03/10/2016 Live Update
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Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 1:57 pm
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Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 1:58 pm
Thanks Fehro. But how to interpret this $2 difference in price between the VWAP and the actual price of SPY in the 1st half of the day. Does this mean SPY will catch-up with VWAP (by rising a bit, while VWAP comes down a bit)? Or will the difference in price just grow larger on a day like this?
fehro wrote:fwiw...nikman wrote:Daniel (or anyone else on this board),
Need to understand the implication of difference between the VWAP and actual trade price of SPY. Yesterday Daniel commented about the VWAP of SPY. I read the definition, but still don't understand what it implies. The VWAP on Cobra's 5-minute chart on SPY is around 199.70, while SPY is trading at 197.75. What does this mean? Thanks.
VWAP gives the typical price of a stock (so far in the trading day), based on price moves and volume. It’s an intra-day indicator, starting with the first period (based on chart time frame chosen) of the day, and ending with the last. VWAP doesn’t provide trade signals like many other indicators; it’s an analysis and benchmarking tool. As the day progresses the VWAP begins to lag more and more. Therefore, retail traders find it more beneficial early in the trading session, and institutional traders find it more beneficial toward the close.
http://traderhq.com/trading-strategies/ ... age-price/
Re:
Posted: Thu Mar 10, 2016 1:58 pm
MrMiyagi wrote:Come on.. one more nice drop.. just ONE drop for me dammit......
What are downside p-bars? thanks
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 1:58 pm
Nikman
Volume Weighted Average Price. As opposed to Average Price or Exponential Average price (Cobras little blue line). VWAP is what the brokerage algos use to break up large orders, i.e we will get you out over the course of the day at VWAP or better.
Volume Weighted Average Price. As opposed to Average Price or Exponential Average price (Cobras little blue line). VWAP is what the brokerage algos use to break up large orders, i.e we will get you out over the course of the day at VWAP or better.
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 1:58 pm
Excellent response, Fehro.
Just want to add, the TACTICAL significance of this VWAP level is that it's a kind of "no-brainer" price point for big institutions. They often transact, at the end of the day, at the "VWAP" price fixing... it tends to be a "representative" price for the day.
Just want to add, the TACTICAL significance of this VWAP level is that it's a kind of "no-brainer" price point for big institutions. They often transact, at the end of the day, at the "VWAP" price fixing... it tends to be a "representative" price for the day.
Re:
Posted: Thu Mar 10, 2016 2:01 pm
red line for the red theme..MrMiyagi wrote:Come on.. one more nice drop.. just ONE drop for me dammit......
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:02 pm
Thanks Daniel and TWC. So this means that we "may" have a small reversal close to the end of the day because the price difference is so large (2 dollars)?
Trades with cats wrote:Nikman
Volume Weighted Average Price. As opposed to Average Price or Exponential Average price (Cobras little blue line). VWAP is what the brokerage algos use to break up large orders, i.e we will get you out over the course of the day at VWAP or better.
Re:
Posted: Thu Mar 10, 2016 2:03 pm
it is latest pbar for today? thanks
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:05 pm
members only update at 1:04 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/
http://www.cobrasmarketview.com/2016/03 ... ay-update/
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:07 pm
No. There is no "predictive" value. However, that level is where the largest volume of buyers transacted, so it represents overhead supply (if price is below).nikman wrote:Thanks Daniel and TWC. So this means that we "may" have a small reversal close to the end of the day because the price difference is so large (2 dollars)?
That is meaningful, but not "predictive".
Feel an overwhelming need to watch NCAA basketball, and so must go. Hope above helped. GLTA.
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:08 pm
Check the link for more depth.. http://traderhq.com/trading-strategies/ ... age-price/nikman wrote:Thanks Fehro. But how to interpret this $2 difference in price between the VWAP and the actual price of SPY in the 1st half of the day. Does this mean SPY will catch-up with VWAP (by rising a bit, while VWAP comes down a bit)? Or will the difference in price just grow larger on a day like this?
VWAP starts at the open price, and then moves up or down based on price movement and volume.
VWAP eliminates much of the noise seen in a stock throughout the day, even more so than a moving average would. At the start of the day the VWAP is more sensitive to price moves, but as the day progresses it becomes less so. This is because it’s based on cumulative values, so as these values get larger toward the end of the day, each new piece of data has less and less effect on the VWAP.
When the price is below the plotted VWAP values the trend is likely down, or there is a downward bias to the trading day. Institutions looking to buy will often try to buy when the price is below VWAP, as they are able to accumulate a position at a better than typical (VWAP) price.
Short-term traders usually do the opposite, interpreting the price below the VWAP as bearish, and looking for short positions.
When the price is above the plotted VWAP, the trend is likely up, or there is an upward bias to the trading day. Institutions looking to sell or short will often try to sell when the price is above VWAP, as they are able to accumulate a short position or dump shares at a better price than what has been typical so far in the day (VWAP). Short-term traders usually do the opposite, interpreting the price above the VWAP as bullish, and look for long positions.
VWAP is a guide and a source of price information that reduces market noise. It does not provide entry signals, stop loss levels or target prices.
Posted: Thu Mar 10, 2016 2:09 pm
SPY $196.35 & $193.59 from March 1st.q2model wrote:What are downside p-bars? thanks
Posted: Thu Mar 10, 2016 2:11 pm
Today's 2 SPY pBars point up to $199.43 & $200.38.Jennyahwu wrote:what is latest pbar for today? thanks
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:12 pm
Yes, it did. Thanks to you and Fehro and TWC for responding quickly.
Daniel wrote:No. There is no "predictive" value. However, that level is where the largest volume of buyers transacted, so it represents overhead supply (if price is below).nikman wrote:Thanks Daniel and TWC. So this means that we "may" have a small reversal close to the end of the day because the price difference is so large (2 dollars)?
That is meaningful, but not "predictive".
Feel an overwhelming need to watch NCAA basketball, and so must go. Hope above helped. GLTA.
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:14 pm
Oil bounces. SPY. Does. Not. Care… 
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:17 pm
who is getting hardest hit
$OEX:
$OEX:
Posted: Thu Mar 10, 2016 2:18 pm
Re: 03/10/2016 Live Update
Posted: Thu Mar 10, 2016 2:34 pm
Lunch time over.. martini infused rally
Re:
Posted: Thu Mar 10, 2016 2:39 pm
Thanks, it would be nice to get $196.35MrMiyagi wrote:SPY $196.35 & $193.59 from March 1st.q2model wrote:What are downside p-bars? thanks
