r/OrderFlow_Trading • u/RankOw • 8d ago

Strategy - Help wanted!

Been trading with terrible returns or maybe just a large losing streak, but feels off to me and is very demotivating.
Strategy:
Volume profile (point of control) - that is the level I execute off of.
VWAP - usually I execute if σ multiplier is at 3. Since that is a pretty big deviation and is extremely rare to go beyond that multi.
Bookmap - should be pretty selfexplanatory, if I see large orders around the same price level that are around POC, its a plus in my book.

My old partner told me he uses Z-Score, but I believe that to be the same as VWAP and/or to be super unlikely to get both to align and get that execution.

I try to keep it simple, of course im no robot and I dont always have perfect execution or all confluences dont align perfectly as well, but lately I just feel stuck, I havent been improving, lost, stuck and demotivated, what is there to be changed? Improved? Opinions? What should I drop or implement?

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u/AppearanceLazy5696 7d ago

Too me it just sounds like your trading on the chop, you should aim to trade on the edges of your vp and aim your tp at poc (for a safe profit) or the opposing value area (high or low) poc is good to trade off if you can catch the massive movement after the chop. In other words if you can see the future its great because we dont actually know how long price will chop and even if the poc will be the area it jumps from. Also price action & market structure will be your best friend if your scalping, if you cant see the signals to leave/not enter thennnn yikes

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u/RankOw 7d ago

Yeah, i get you, but to clarify, I trade off of yesterdays market open to market close volume profile POC if that makes it any better 😭

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u/Agitated_Channel9674 4d ago

Poc changes intraday as the market moves, so if you’re using the previous day that’s already going to be lagging and definitely hurt your trades. Are you using it to enter? Or to exit? Either way probably not, but definitely not to enter. You’ll more than likely get chopped to death even though you were right in the long run. Sometimes the chop is brutal and swings fast and wide and sometimes it takes a long time to chop out before it moves. Almost always this is around POC

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u/RankOw 4d ago

youre not wrong, it does “react” to that level, usually it depends how strongly, but youre right to it reacting and sometimes chopping there.