Delta profile, pullback, Volume Profile,

Today was not a good day and a day to learn from. I gave back a whole week of profits for overtrading. One thing I have to get into my head is that it doesn't matter who is around because youre not trying to impress them but rather do this for yourself. This whole time I had the idea that I had to be green in order to prove a point and that made me overtrade. There was also a lot of fighting the trend which I should not be doing. Play levels and that is simple. Big day of loss and a day to learn from but we recover from the loss and start to acknowledge the market and when it presents opportunity. I also had a lot of bias watching the /VX and believing that since it was at a key level that couldnt break. We were going to sell off. Its a good analysis and the first trade was okay to take an L from because we can not always be right, however I overtraded today which is not ideal and caused me to lose a large chunk of profits and momentum. The moment my area of delta broke I should have disregarded the short trade and tried to go long.

Another thing I did wrong is not wait for my levels to trigger. If I would have waited for it to come to my level then I could have not taken the trade. Its better to see and wait the market does at your levels.

Delta profile, key levels, pullback, Volume Profile,

 

Thesis: Get Long above 4134 which is a key level and I would not like to see it act as resistance

Market Context: We sold off below 4134 but my ideal play is always a retest. However I noticed strong buyingn at the lows (4170) and sellerstrying to push lower but would get bought up. Where/Why did I enter: I actually took two trades. First trade I took a trade speculating strong buying above 4134, however we broke above it with strong buying volume but no continuation which is a red flag in my book (do not want to be a trapped buyer). My second trade when we pulled back at 4134-4130. I loved the volume which was represented in these areas and there was a lot of buying as well (delta column). I took the trade @4135 with a 3 point stop loss which is my sweet spot for risk.

Where/ Why did I exit: I exited at my 4185 level which has shown to be a level of support that turned into resistance. I sold 1 contract at the top once we hit it and sold another one once we saw that we could not break above. There was a lot of liquidity at this area as the ask built up the closer we moved to the level.

How can I improve: Honestly I think this was a textbook trade. There is always room for improvement when it comes to trading but I believe this trade was a flawless one which I give a pat on my back for. Perhaps I could have sized up due to the confidence in this trade and this is something I could learn from. Believing more in my trading capabilities.

What I did well: Held to my target. Biggest flaw with my trading as I feel like I go with the motto "Green is green" but for this trade I held to my target. Also patience was really good here as I waited for that pullback.

Confirmations: Strong Buying, Pullback, Huge ask at TP level, Respect of my key level

Entry: 4175 Stop Loss: 4172 Target: TP 1 4185; TP 2 4190 Take profit: 4185 RR: 1: 3.334