QQQ VWAP pullback breakout
A 5‑minute QQQ intraday strategy that buys when price re‑enters above VWAP after a dip, makes a higher low and breaks the candle high, with a stop below the higher low and a target of the day’s high or 2R, exiting by...
Market Stocks
Style Pullback
Timeframe Scalp 1m-5m (5m)
Level Advanced
Tools VWAP, ATR
Saved 1 time
Run 0 times Tested
Testing needs market data for this symbol. Past results do not guarantee future results.
The rules
Setup Lane (first to light up) Lane: stocks Instrument(s) QQQ Primary timeframe 5 minute Higher-timeframe filter (optional) Higher-timeframe filter: not specified Trend rule (exact) Trend rule: not specified Momentum confirmation (optional) Momentum confirmation: not specified
Trigger Pullback definition price drops below VWAP after open, then closes back above VWAP with a higher low Pullback invalidation (when the setup is dead) Pullback invalidation: not specified
Entry Entry trigger buy on break of the candle high that closed back above VWAP Entry buffer (ticks/pips) Entry buffer: not specified
Stop Initial stop below the higher low ATR length (if ATR stop) ATR length: not specified
Exit Profit target (optional) Profit target: target high of day or 2R, whichever comes first Time / session exit (optional) Time / session exit: flat by 3:30pm Eastern
Risk Risk per trade 0.25% Max risk per lane (optional) Max risk per lane: not specified
Strengths Uses VWAP as a widely‑watched intraday reference point Entry requires both a higher low and a breakout, adding confluence Risk per trade is strictly limited to 0.25% Time‑based flat limit reduces overnight exposure Risks VWAP can be whipsawed in fast markets, causing false entries 5‑minute chart may generate noisy signals in volatile periods Target of the day’s high may be unrealistic if the move stalls, forcing early exits Limiting to three trades may miss later high‑probability setups Source
A JustWavey pick: a well known public strategy, written out in plain words by the JustWavey team.
Version history
Version Saved Changed boxes 1 2026-10-17 First version
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