In the wake of the crypto boom that took place approximately 6 to 7 years ago, I found myself following so-called "holy grail" setups and purchasing bots whose functions were unknown to me.
It soon became apparent that my understanding of trading was quite limited, so, I decided to do some digging and teach myself.
I ended up wasting a considerable amount of time learning about things that turned out to be useless, identifying fake traders, and determining which trading systems actually benefited me while I put in the work. It was a challenging process, but it helped me develop a better sense of discernment and separate the wheat from the chaff.
I really enjoy using the volume profile, levels, EMA51, VWAP, and cumulative delta setup for trading. Currently, I trade the ES market with MES. I have a $50,000 account with a prop trading firm, but due to a drawdown of $2,500, I treat it as a $2.5k account.
I'm delighted to be part of this community and eager to learn from all of you.
The following user says Thank You to Bron for this post:
#1 Missed trade Entry: short on 4156.5 - VPOC ETH 15.05 Exit 1: 4145.5 - pVAH RTH 15.05 Exit 2: 4137.0 - VPOC RTH 15.05
Price went all the way down to 4123.5 - 10.05 RTH VAL
#2 Failed trade(-3.0) Entry: long on 4144.75 - confluence VAL + ema51 ETH 15.05 (revenge trade for missing previous trade, so I wanted to enter on Exit 1 from previous trade WRONG!) Exit 1: 20 ticks profit Exit 2: 35 ticks profit
I did not even managed to adjust exits with levels just looking for something that I will not get if I continue entering as I did.
The following user says Thank You to Bron for this post:
#1 Completed trade(6.75) Entry: short on 4150.75 - VAH RTH 15.05 (half point under) Exit 1: 4142.75 - VPOC ETH 16.05 Exit 2: Runner after Exit 1 with tight SL adjustment
Stoploss trailed: 4148.50
ETH so I adjust too soon the SL after first 5R bar moved downwards, I did not trust the current volume so I wanted to close, at least, on BE.
During ON session, the price validated previous VAL and jumped to test VAH and cumulative delta was declining so I decided to enter on trade.
Not really happy because I was on a "defense mode".
The following user says Thank You to Bron for this post:
#1 Failed trade(-4.0) Entry: short on 4128.5 - confluence vwap + ema51 + cumdelta declining Exit 1: VAL RTH 10.05 Exit 2: Runner Stoploss: Tick higher than previous LH
Most of the trade was moving between +0.5 +1.25 but I was not paying attention how cumulative delta was growing. Instead price checked low of the day and from there moved to previous day VPOC ETH.
The following user says Thank You to Bron for this post:
