Bron's breakeven ES Journey - VP and levels

May 16th, 2023, 04:53 AM

Hi everyone!

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.

May 16th, 2023, 05:26 AM

15th May

#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.

May 16th, 2023, 05:44 AM

16th May

#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".

May 17th, 2023, 04:39 AM

17th May

#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.

Bron's breakeven ES Journey - VP and levels

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Bron's breakeven ES Journey - VP and levels