HGO 0.00% 7.9¢ hillgrove resources limited

Interesting days trading so far.It seems the Bot is following...

  1. VYR
    4,425 Posts.
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    Interesting days trading so far.

    It seems the Bot is following the VWAP or TWAP .

    The WVAP cross or if volumes fall dramatically after the price has been pushed down and resistance comes into play the TWAP cross seem to be a common sense measure to keep an eye.

    https://hotcopper.com.au/data/attachments/6177/6177471-de57dfed0231096d41df74fce555514e.jpg
    Those who can't see much future in TA as its being presented on this thread but are interested to learn more about sophisticated traders methods and the TA tools they use:

    "VWAP is a powerful tool that provides traders with valuable insights into market trends, execution strategies, and potential market manipulation."

    "Examples of VWAP Usage:

    A. Intraday Trading: Day traders often use VWAP to make short-term trading decisions. They may enter a trade when the price moves below VWAP, expecting a potential bounce back towards the average. Conversely, if the price consistently stays above VWAP, it could indicate bullish sentiment, prompting traders to consider long positions.

    B. Algorithmic Trading: Automated trading systems frequently incorporate VWAP as part of their execution algorithms. These algorithms aim to execute trades in line with the prevailing VWAP, ensuring minimal market impact and reducing the risk of adverse price movements.

    C. Position Sizing: Traders also utilize VWAP to determine appropriate position sizes. By comparing the current price to VWAP, they can assess whether a security is trading favourably or unfavourably relative to its average price. This analysis helps traders decide how much capital to allocate to a particular trade based on the perceived risk/reward ratio.

    By understanding and utilising VWAP effectively, traders can make more informed decisions, enhance their trading performance, and stay ahead of the game "
 
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Mkt cap ! $165.5M
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No. Vol. Price($)
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Sellers (Offers)

Price($) Vol. No.
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Last trade - 08.35am 07/06/2024 (20 minute delay) ?
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Last updated 10.05am 07/06/2024 ?
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