VWAP Playbook for NQ/MNQ: Anchors, Bands & Entries

Why VWAP? Institutions benchmark execution to VWAP. For intraday traders, it’s a dynamic “fair value” line that helps you decide whether to fade back to mean or ride momentum away from it.

August 27, 20253 min readBy Kimatix Trading
vwap playbook

What VWAP Tells You (Fast)

  • Above VWAP: buyers in control; dips to VWAP are potential buys.
  • Below VWAP: sellers in control; pops to VWAP are potential sells.
  • Bands: distance from VWAP = “stretch.” The farther price travels, the higher the probability of mean reversion—unless it’s a true trend day.


How to Anchor VWAP


Stay consistent:

  • NY Session VWAP: anchor at 09:30 ET open for RTH context.
  • Globex VWAP: full session for overnight + cash blend.
  • Event Anchors: FOMC, CPI, or day’s first swing after a big news spike. Pick one as your default and only switch when your playbook calls for it.


Core Setups


1) VWAP Reversion (“Back to Fair”)


Context: Balanced/rotational day, price stretches beyond bands (e.g., ±1.5–2.0).

Trigger: Exhaustion/absorption on the footprint, failed push, or reclaim back inside the band.

Stop: Just beyond the extreme (invalidate the reversal).

Targets: First VWAP, then opposite band if momentum follows.

Notes: Don’t fade strong trend days—look for failed reversion attempts to flip bias.


2) VWAP Trend/Band-Walk


Context: Initiative day; price holds one side of VWAP and “walks” the band.

Trigger: Pullback to VWAP or inner band that holds, then impulse continuation (e.g., reclaim + delta surge).

Stop: Just beyond VWAP/last pullback low (for longs).

Targets: Structure highs/lows, measured move, or trail behind the band for +2R or more.


3) VWAP Cross + Structure Retest


Context: Bias shift when price crosses VWAP with volume and confluence (POC, VAL/VAH, prior day H/L).

Trigger: Retest of VWAP/structure that holds.

Stop: Beyond invalidation level (not a round number).

Targets: Next volume node/IB high-low/2R.


Confluence That Matters

  • Volume Profile: POC, VAL/VAH, single prints, low-volume voids.
  • Session Levels: ONH/ONL, IB range, prior day H/L, weekly VWAP.
  • Order Flow: Delta shift, absorption at bands/VWAP, iceberg prints.
  • Momentum: Your chosen trigger (e.g., EMA reclaim/cross, higher low at VWAP).


Position Size (Futures-Friendly)


Risk 0.5–1% per trade.

Contracts = floor( AccountRisk $ ÷ (StopPoints × $2.00 per MNQ point) )

Example: $3,000 account, 1% risk ($30), 12-point stop → floor(30 ÷ 24) = 1 MNQ.


Execution Rules

  • No adding to losers. Scale only after +1R.
  • Daily max loss: 2–3R—stop trading when hit.
  • Move stops with logic, not fear: trail under swing/inside band, not tick-by-tick.
  • Journal R, MAE/MFE, and rule breaks. Patterns beat opinions.


30-Second VWAP Checklist

Bias vs VWAP (above/below, band-walk or rotational?)

Confluence (POC, VAL/VAH, ONH/ONL, IB)

Entry trigger (reclaim, retest, absorption, momentum)

Exact invalidation (stop) & ≥2R target

Size = formula; risk 0.5–1%

Daily max loss line set

Log the trade in R

Bottom line: VWAP is your intraday compass. Anchor consistently, trade the context (revert vs trend), and let risk rules do the heavy lifting.


Kimatix Trading — Trade the plan, not the hope.

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