technical confirmation of breakouts

[@Ryderlive10]

this is a great concept, thanks for sharing!

[@G0rd0nHealth]

Love it

[@PresidentsPlayPARODY]

Thanks!

[@69sydney]

Dan, is it possible to setup alerts for this? Great vid!

[@danielschultz2807]

yeah I do it all day long

[@Riverplacedad1]

Don’t you love that anchored VWAP function. I hate that a bunch of stuff about TC2000 but I love how easy AVwaps or to set. META will go back down and fill that gap

[@jordanrudd3201]

Thanks for the video Dan. Will try this. Can i ask where this strategy comes from? It seems to rely on avwap being a reasonable gauge of where price volume turns, and it's not immediately clear to me why. Is this your own strategy?

[@danielschultz2807]

yes, using elements from Kristjan Qullamaggie

[@danielschultz2807]

I believe the RDT methods for TA, the avwaps, and the intraday breakout confirmations allow you to take KQ style breakouts with a much higher win rate

[@JoBaein]

Hi Daniel! When waiting for confirmation using the AVWAP of the previous day as foothold. Do you place the AVWAP on the previous day before the breakout. Can you explain the idea behind this to understand the context of using this specific AVWAP? Also, we should update the AVWAP to the previous day of the day we are trading or we leave it placed before the breakout?

[@danielschultz2807]

yes, because if you're picking the right d1 chart you're essentially trading the breakout from a compression albeit sometimes a loose one. once all the bid has been sequentially tested it appears there's no more liquidity in that range to soak up and thus a breakout is required

[@danielschultz2807]

so for example, i wouldn't trust a chart like TTD currently until the price revisits the 118 area, bounces, then breaks the downsloping trendline from the high of the day

[@JoBaein]

@@danielschultz2807 thank you for the reply and the example! Now I understand