15 min open range

Saw a big imbalance at the NY vwap and a had a short bias for today.
Took the short trade to the low of the range.

Setup

One side of the Open range have been broken. (15 min)

Entry: 1 min candle close with volume and high delta over NY vwap.

Target: Open range LOW / HIGH (Didnt like the wicks -BC overnight vwap was over NY vwap so closed a little earlier.

S/L: Open range LOW

(Can you add if it retest vwap and hold)

Took 3 trades and was done for today.

I want to share two VWAP setups that I’m currently using.

First setup today in NQ:

I was waiting for the opening range to form during the first 15 minutes and avoided trading before that.

I noticed that yesterday’s NQ VWAP could act as a good bounce area. At the same time, price was trading below the session VWAP but still above yesterday’s VWAP, which kept me mostly bullish. Around that area, I could see signs that the sellers were starting to get exhausted.

I entered the trade and set my take profit at the NY VWAP.

My thinking was that once the opening range low had been taken, there was a good chance price would also move toward the opening range high. However, I didn’t want to trade unless price was back on the right side of VWAP with volume confirmation.

I entered on the break, but in hindsight, it probably would have been better to wait for the next 1-minute candle confirmation, since price could easily have bounced back there. I also added to the position after seeing an imbalance that confirmed the sellers were getting absorbed.