4D·

Saturday review of some of my swing trades📑

$UBER (+0.31%)
$KTN (+0.52%)
$ZAL (+1.91%)
$LNZ (+0.87%) a look at 3 current and one potential new swing trade👓

$UBER (+0.31%) As posted a few days ago, this week the resistance at the deviation2 of the VWAP was once again too strong, BUT a former resistance showed up as support at the end of the week. That would be a good basis for another attempt in the next trading week. It remains exciting😁

$KTN (+0.52%) Similar to Uber, Kontron also failed at a technical resistance zone in the course of the trading week. However, a former resistance zone also proved to be support for Kontron at the end of the week. Here, too, a renewed rise could test the resistance upwards and run through to the divergence2 of the VWAP. This divergence2 has been proving to be resistance all year and could not be broken sustainably.

$ZAL (+1.91%) is also struggling, but a whole "floor" below it😅. The first lower divergence of the VWAP has been a battle zone for Zalando since June. At least a support from June held at the end of the week. Take profit targets remain in place. I currently see the downside risk limited at the divergence2. I.e. my SL is only below this zone.

$LNZ (+0.87%) With Lenzing I am again waiting for an entry. When deviation1 is reached, where there is also a HighVolumeNode, I am back in with a first position💰

#trading

17 Comments

Kate🦋@Iwamoto

Thanks for the insight. Very interesting. Do you always trade for the long or medium term or do you also have short-term trades here and there and perhaps just happen to have a trading idea in this area? My ultra-short-term trading ideas would be: Intel and $CSU short. Then I wanted to ask you exactly what your VWAP indicator with extension bands is called. I can't find it in this form. I will probably subscribe to Trading View Premium soon...

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Manuel@Garondt

I would also be interested in the name of the indicator.

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Sahnehäubchen 🦋.@Savvy_investor_2000

@Garondt
VWAP/ Institutional Average.

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TomTurboInvest@TomTurboInvest

@Garondt This is the anchored VWAP, which I can "anchor" exactly where it is interesting for me. Normally to the last significant low before the trend change. You can see this quite well in the Kontron chart. The others are zoomed in almost too far😅
With the VWAP you can see exactly at which volume-weighted prices the market has positioned itself since the point in time where you are anchored. The VWAP is also very popular with institutional investors, as you can read time and again in SEC filings. They often use the monthly or quarterly VWAP, i.e. it is always read at the beginning of the period. Just like in day trading, where you use the VWAP of the session. You can then see how the market has positioned itself since the start of trading that day.

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TomTurboInvest@TomTurboInvest

@Savvy_investor_2000 In TradingView there are several variants of the VWAP - what they have in common is that they all take into account the volume-weighted average price of all trades. The VWAP of the free version can be set e.g. per session, per week, per quarter etc. up to 10 years.
I use the anchored VWAP, which is only included in the subscription model, BUT you can set it exactly where you want it for your trading strategy.

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Sahnehäubchen 🦋.@Savvy_investor_2000

@TomTurboInvest
Follow the price, not your interpretation.

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TomTurboInvest@TomTurboInvest

@Savvy_investor_2000 That's right!
Wait a minute, that's the joke! The prize only knows where it wants to go AFTER I've posted my interpretation. If I follow it blindly, it can't make up its mind.
I am the Heisenberg uncertainty principle of trading.
So we keep interpreting so that the price finds a direction😎😂

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