HVC Trade Review | GPS + 11.89%
Today at a glance:
GPS annotated chart
GPS in-depth trade review write up
GPS in-depth trade review video walkthrough
Let’s dive in:
GPS Annotated Charts
15 minute chart on entry:
Note: The above image shows 5 separate sessions. The first session is gap up day, and the HVC is plotted on the gap day’s close. The following 4 sessions are shown as well to help you gauge price action in the day’s following. It’s not ever easy!
Deeper Thoughts On Buying/Selling GPS
This was a great trade for me — I wish they all worked like this! Here’s what I’ve learned from studying this trade back over the past couple of days:
Buying techniques (VWAP, price edge, HVC)
When trading the HVC, having multiple buy techniques allows you to enter at different points throughout the session, and can make managing risk much easier in real time.
Using the 15min chart above, we can see price hold volume support area at 17.5, and then quickly reclaim VWAP + HVC. Coupling the VWAP, as well as volume support, with the traditional HVC entry made this trade about as good as it’s going to get.