Anchored VWAP Discussion With Adrian Zdunczyk, CMT

Episode Info

“The only truth in the market is price action. You cannot argue with it.”
The average price anchors to the very first point where the supply demand dynamics changed, giving us insight into market control.
Price is how we keep score, volume shows the emotional level of commitment to price movement, and time is a relative study which is highly subjective.
“Only price pays. This is going to be something that’s going to be stuck in my mind for a long time and that’s a great saying and it’s actually very true.”
The price is the truth, it’s the laws of supply and demand, it’s 100% objective who’s in control and what we want to be aware of.
“It’s not a coincidence” – recognizing patterns and understanding market movements is crucial for successful trading.
If we’re above a rising 200 day moving average, you give the benefit of the doubt to the buyers.
Brian Shannon, CMT, emphasizes the importance of understanding time frames and risk management in trading.

Buying Lojack stock at 14 years old and making $5,000 gave me my “needle in the arm moment” and hooked me on the stock market.
“My goals are to help people make money, to educate them, and to help them avoid losing money.”
Make the trade your own, don’t do it because I say it’s a good idea, make it because you agree with it, or you don’t agree with it.
The market rallies before the Federal Reserve starts cutting rates because the market is always trading on forward expectations.
Discovering one’s own strategy, system, and time frame that fits into their lifestyle is crucial for successful trading.