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Vwapweekly

Swing setups for possible gap upsI have found this strategy to find possible gap ups. set up ========= On Hourly Chart Plot EMA 200 ( in the above chart it is blue solid line ) Add VWAP , set weekly setting Add EMA , set period to 9 Change the source of EMA 9 to VWAP Lets call this ema9 setup as EMA9VW (in the above chart it is purple line) BUY ==== EMA9VW is above EMA200 when the price is crossing up EMA9VW set the stop loss previous pivot low Exit when gaps up (Take profit ) or wait until price crossing below EMA9VW close when stop loss hits Let me know what you think of this idea ? if your feedback is greatly appreciated to improve this startegy ...
AMEX:SPYLong
by mohanee
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