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1 Loss 1 Win PnL: +$226🔴 | Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 7,678 words · 1,243 segments · language en · Watch on YouTube

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0:24All right,
0:26back for another day.
0:33back for another day.
0:38Going to try and not lose our money
0:40today. It's basically
0:43the only goal at this point.
0:46It is Christmas week,
0:52so should be interesting to see how the
0:55volume is today and tomorrow, but
1:06we'll see what happens. Basically, the
1:08goal for today
1:10realistically is just to uh
1:16try and get the balance up on this
1:17account a little bit. We're at 2700, but
1:20I do need to get it closer to like 5,000
1:23to take a payout.
1:25So, that's basically
1:29the priority
1:31for today is this account.
1:38I am thinking that we potentially have a
1:40pretty decent move sometime during the
1:42New York session. So, we'll just have to
1:45have to wait and see. We gapped up
1:46overnight, Asia went higher, London went
1:49higher, and now New York pre-market
1:53is going higher.
1:58Overall, I would say
2:02we are definitely bullish.
2:05on the higher time frames. Although I do
2:07think
2:08there's a good opportunity that we do
2:11retrace some of this move.
2:16I don't necessarily think that
2:20there is a possibility of course that we
2:22fill the gap today, but
2:27I'm not going to try and anticipate it
2:30unless we start really kind of melting
2:33going down.
2:35Then I'll try and target, you know,
2:38maybe 50% of the gap. But
2:42we're definitely not going to try and
2:43anticipate it.
2:53Yeah, I hope you guys are having a good
2:55morning so far
2:58and let's try and not lose our money
3:01today. It's basically about it.
3:21How far did we go? About 135 points.
3:38So, I think today I'm going to risk
3:44about $1,000 on this account.
3:48If I end up losing $1,000, then probably
3:52just move over
3:55to our other funded account. Although
3:59one of the accounts I am down from last
4:02night I try to take a short.
4:06So this account starting the day
4:09at New York session down 360 bucks on
4:12this account and the balance is pretty
4:14low because we took a payout on Friday
4:18but
4:21I think we can make it back.
4:23I think we can make it build this
4:25balance up a little bit. This one's at
4:271,800. Got to build this one up a little
4:29bit.
4:32What up, FP? And then got to uh build
4:36this one up.
4:40We have like six winning days on this
4:42account, but
4:44I need the balance to be higher.
4:50I think with consistency, the
4:52requirement for this account is like I
4:54got to get it to
4:564,900 or 5,000.
5:01So,
5:05I'm going to go like one or two minis
5:06today on this account and then if I end
5:10up losing a,000 bucks on it, it is what
5:12it is. We'll just come back a different
5:16day. There is a chance that today might
5:18be the only day that I trade this week
5:24just because it is a holiday week
5:33and I do think that volume may taper off
5:37heading towards Christmas. But I do
5:39think today probably we'll have an
5:41opportunity.
5:44But we just got to wait and see
5:46realistically.
6:05But yeah, I hope you guys had a good
6:06weekend. It's a new week.
6:09We're going to wait for market to open
6:12and see what price wants to do
6:17and we're going to try and take our
6:18piece of the pie.
7:03Let's take a look at the daily.
7:37eventually. We're going to come back up
7:38here.
7:51Super volatile. No, I don't think it's
7:53going to be super volatile. I do think
7:56that today
7:58is probably going to have a move, but
8:04there's a pretty good chance like once
8:05we get towards Wednesday,
8:08right, that volume might taper off a
8:10little bit.
8:14So,
8:25We're just going to have to see
8:31because technically it's a short week.
8:33I'm definitely not going to be trading
8:35Christmas.
8:38I probably won't even trade Christmas
8:40Eve either. And honestly, you guys
8:42probably shouldn't either.
8:46Just take the time off, spend the time
8:49with your family,
8:51and we'll get back to it after the
8:53holidays.
9:04Well,
9:11as far as for any advice for order flow,
9:14I mean,
9:19I don't know. I mean, if you have
9:20questions, feel free to ask me. I'll try
9:21and answer them.
9:26Yeah, they did put 7 billion into the
9:28market, but
9:31it doesn't necessarily like
9:36go directly into stocks,
9:41but you know, void, you know,
9:45Mr. Thumb says. So,
9:48yeah, I mean, a QE phase is definitely
9:51bullish for the stock market. Um,
9:59but we'll just have to see.
10:04It's definitely going to help us get all
10:05the way back up here eventually, though.
10:08Finally break past these highs that
10:09we've been failing to get past for like
10:14almost two months now.
10:35Yeah, for sure. If you ever have
10:36questions, just let me know. And then,
10:38you know, I try and explain what I'm
10:40looking at when I am looking at the
10:45order flow chart.
10:48So hopefully
10:51you might be able to learn a little
10:52something or maybe it'll you'll have a
10:55question if I start talking about order
10:57flow once New York opens up.
11:08But right now basically pre-market we
11:10just keep pushing higher.
11:21I would like to see like some type of
11:23retracement though,
11:33at least back towards uh London's range
11:39before we potentially continue higher.
12:23big trades. Yeah, I use it all the time.
12:27See, there we got big trades here.
12:30Although I have it filtered. So for MNQ,
12:34I look for like uh 250 contracts or
12:37more.
12:45But yeah, I use big trades basically
12:47every single day.
12:53It's one of the main things I look at
12:55for order flow.
13:33What up, Chazy?
13:52Oh, I see what you sent in the Discord.
13:54You went long
13:57from where?
14:01760.
14:08Wait, did you get hit out at break even?
14:29Oh, nice.
14:42That's what's up. Yeah, I'm just waiting
14:44right now for market to open because
14:50I'm not a huge fan of taking pre-market
14:52trades for whatever reason. I just get
14:55wrecked a lot of the times.
15:19slightly lower. Are you on?
15:22Oh, you are on MNQ.
15:26Yeah, I mean, whatever you're
15:27comfortable with. Some people like to
15:29have the
15:30big trades show up if it's like
15:34a 100 contracts or more.
15:37for MNQ, which is really not a lot,
15:49but it's just uh whatever you want to
15:52filter out what you want to see. I like
15:53to do 250 contracts because
15:57sometimes on days that have a lot of
15:59volume, if it's less than that, then it
16:01can get kind of noisy.
16:09200's chill.
16:25I would like to see us open up and
16:28retrace
16:29at least back towards like 700.
16:37But I'm not going to
16:42try and take that
16:44unless I see something.
16:48[clears throat]
16:59But yeah, this week I'm also going to
17:00have to focus on passing more evals
17:04because I wasn't doing that last week
17:07and um
17:09we pulled some payouts. So, we have the
17:12room to fullport some evals. So, I got
17:14to get back on that
17:17because I only have three funded
17:18accounts right now. I need more.
17:21I need like eight of them probably.
17:27Six to eight funded accounts would be
17:29ideal,
17:38but I'll probably I don't know if I'll
17:40do it this week actually, depending on
17:42what happens today.
18:12Um, I trade my funded accounts
18:15individually. I used to copy trade them,
18:19but um
18:23there's nothing worse than blowing all
18:25of your funded accounts at the same
18:26time, dude. Like that's like the worst
18:29feeling.
18:32So,
18:34what I'll do sometimes is maybe I'll
18:36copy trade them in groups if I have
18:38enough of them. Like I'll copy trade
18:40them in groups, but I'll never copy
18:42trade all of them at the same time just
18:44because,
18:45you know, when you make money on all of
18:47them at the same time, it's great, but
18:49then when you lose money on all of them
18:51at the same time, it just
18:54it hurts, you know, and like um
19:00for me it's psychologically like better
19:02for me if uh I'm trading them
19:05individually because then like
19:08you can get payouts instead of it's just
19:12like one big payout every time, which
19:14might mess with you, mess with your
19:17head. They're just like smaller payouts
19:19that just happen more frequently because
19:22you're trading like different accounts,
19:23right? So like last week
19:27instead of getting one bigger payout or
19:31like basically I just traded them
19:34individually. So, I took one payout,
19:35then like two days later took another
19:37payout and then um
19:40I have this account. So, you know,
19:42realistically, if we have like a couple
19:44good days and then another couple days,
19:46I'll take another payout. So, then it
19:48becomes more consistent and then it's
19:51better for me mentally instead of being
19:53like I have five accounts I'm trading
19:56and they're all on the fifth day and
19:59it's like a six or $7,000 payout and I
20:02can't mess it up.
20:09Uh, as far as for the process that I
20:11have with my funded accounts, I just
20:15try and trade all of them.
20:18Um, and then the one that's like closest
20:21to a payout, then I'll start to focus on
20:23it a little bit more, but I'll still
20:25trade the other accounts. But right now,
20:27because I only have three funded
20:28accounts, I'm trading them all
20:29individually. So
20:32if like
20:34I get more funded accounts, right, like
20:37six or eight, then you can't really
20:39trade them all individually anymore
20:41because
20:44you're going to end up starting to like
20:45force trades. So then that's when you
20:47have to kind of copy trade or that's
20:48when I copy trade like groups at a time
20:50like two or three
20:56because realistically throughout a day
20:58when I'm trading like the first hour and
21:0030 minutes you know we can find three
21:04opportunities so then I can take those
21:06individually on the three accounts but
21:09once you have six or eight accounts
21:12high quality opportunities I mean you're
21:14not really going to find six or eight of
21:16them in the first hour of market open
21:19usually. So then what ends up happening
21:21is you might end up like forcing trades
21:23just to get a green day on a funded
21:25account that you didn't trade that day.
21:30So that's when you got to basically copy
21:33trade some of them.
21:44All right. So, we got about a minute
21:45until market open.
21:54It's probably a good chance we spike up
21:57towards 800 and then uh I'm going to see
22:00if we start coming down.
22:05I would be pretty surprised if we opened
22:07up and had no retracement
22:10anywhere into here and we just run. It's
22:14possible, but
22:16I would be pretty surprised if that
22:17happened.
22:32All
22:58right. All right. So, it looks like we
22:59might actually just do the retracement
23:02immediately, but
23:06there's also a chance that that was just
23:08a wick down before we run
23:10higher. So, you got to just wait.
23:27And also I want to see how much volume
23:29this first five minute candle has
23:35because it'll give me an idea of like
23:38what this morning might be looking like
23:40in terms of volume with the first
23:43fiveminute candle.
23:45Realistically we want it to be
23:49over 20,000 contracts traded.
23:53So right now we're at 12,000.
23:56If it's less than if like this fivem
23:58minute candle closes and it's less than
24:0220,000 contracts traded in five minutes
24:04at market open, that's kind of lower
24:08volume for MNQ,
24:11which might mean that this morning is
24:13going to be low volume. But I I'm not I
24:17don't think today is going to be low
24:18volume. I I think it'll taper off like
24:23Wednesday.
24:40All right, we got buyers stepping in to
24:42push it higher. Probably going to go
24:44take 800.
25:15So right now what we're watching for is
25:18basically buyers are trying to push push
25:19it higher, but we want to see
25:22realistically how this 5m minute candle
25:23is going to close. Right now,
25:26I'm not going to touch it until it
25:29closes.
25:40It is likely that this 1 hour is going
25:41to flip back into this area though.
26:26So kind kind of what I'm thinking right
26:27now is we are coming down into that 700
26:31area that I was looking for. There
26:33wasn't really an entry for me to take
26:37realistically
26:41or that I would want to take. I mean,
26:42you could have just the moment that
26:44buyers failed and we flipped bearish,
26:46you could have just tried to chase it,
26:47but
26:49I'm not trying to do that. So, what I'm
26:52going to look for right now is in the
26:54next 40 seconds, if we get a pretty
26:56strong bearish close and we can get a
26:57retracement back into this 5minute
26:59candle, I might try and take it short to
27:04target the lows or the beginning of the
27:06gap.
27:16But on this account, I can't make more
27:18than [music] 2,000. So, I'll probably go
27:21one mini.
27:25So, this candle's about to close here in
27:27like 10 seconds.
27:37All right. So, I'm going to look for a
27:39retracement back up.
28:12We're going to see what happens right
28:14here.
28:15The buyers can hold it or not.
28:21All right.
28:21>> Order filled.
28:22>> I'm going to go short. I am going to
28:24have to have kind of a
28:28bigger stop loss. We'll risk 500 on it.
28:30But the moment we start pushing lower,
28:32I'm going to be moving it to break even
28:34pretty quickly.
28:42All right, I'm going to go break even.
28:45We're getting some pretty good selling
28:46pressure here. I need it to continue
28:48though because we just took uh London
28:51lows
28:53and I don't want it to snap back. I want
28:55it to just flush towards Asia lows.
29:05If it comes back though, it's all right.
29:07We'll just wait for the next trade.
29:17Order filled.
29:24All right, we got stopped at break even.
29:30I do think it's still going to go lower,
29:31but I just got to wait a little bit.
29:37It went like,
29:39let me see
29:42from our entry. What was that? It's
29:43about like a 100 ticks in profit.
30:05But yeah, may it may very well just
30:09continue down.
30:13without another like that could have
30:15potentially been the only entry and then
30:17I got stopped at break even and now it's
30:19just going to melt. But
30:31I just decided it I just decided to move
30:33it to break even because it's kind of
30:34lower in the uh in the range here. So,
30:38it's not like the best entry.
31:08But we'll see how this five minute
31:10closes.
31:34And also another reason why I moved to
31:36break even is because
31:39we came into 50% of Asia's range,
31:43which I usually pay attention to
31:48as an area where we could potentially
31:50like bounce.
31:53So sometimes I'm just careful whenever
31:55it enters there.
32:16So we got 20 seconds left on this
32:18fiveminute candle. What we don't want to
32:20see is we don't want to see this flip
32:22bullish.
32:24with the PC below the open. It's kind of
32:27like if you're looking for shorts,
32:29that's
32:31not a good sign.
33:14I think if we can get up here.
33:19I may take another position short,
33:23but I wanted to retrace a little bit
33:25higher so I have um
33:29a little bit more room to the downside.
33:50But if you're looking for buys, I would
33:51wait right now
33:55because I think it's going to go lower.
34:28uh crypto. I don't day trade it. I just
34:31buy it
34:33and hold it.
34:40All right, we got sellers stepping in
34:42right now.
34:43Give me one second.
34:58Oh, it's kind of cold in here.
35:08All right. So,
35:12what we're probably going to see right
35:14now is price begin to accelerate to
35:18like towards the gap
35:29and basically clear out this order book
35:31right here.
35:33If we can get a continuation, if the big
35:38sell order was right here and this flips
35:40bullish,
35:43it's not a good sign for shorts.
35:49So, realistically, like you'd want to
35:51see this uh
35:55close pretty bearish, like without a
35:57huge wick.
36:11There's just not really like an entry
36:13for me to take right now if I did want
36:14to take it lower.
36:17And plus, we're way too
36:20we're way too low in like the discount
36:24of this smaller range.
36:46Yep.
37:31So something I'm looking at right now is
37:33I am looking at the delta
37:38and it's uh basically sellers are
37:42getting weaker. So, they need to like
37:46like this is not really a good sign, but
37:49we can still push lower. But, um
37:56the aggression started to die a little
37:58bit,
38:04but we have the new 15-minute candle
38:06right now. So,
38:22I want to see what happens.
38:25Realistically, where I would be most
38:27comfortable trying to take a short would
38:29be up here,
38:32right in this area.
38:35Otherwise, I feel like this area is kind
38:37of too low for me
38:41for like a risk-to-reward
38:44because realistically, my target would
38:46have to be like I wouldn't be going for
38:49the entire gap fill. I'd realistically
38:51just be going for the lows to enter into
38:53the gap. So, that's only like 50 points
38:55away from where current price is. And
38:58then
39:00the stop would have to be pretty big.
39:17So, it would be ideal if we get higher
39:19into this area and then I start seeing
39:21sellers come back in with some
39:23aggression, then I'll probably try and
39:24take it short up here. Otherwise, what
39:28might end up happening is if we do just
39:30end up kind of slipping and then
39:32flushing into it, I would have to
39:35basically just watch that from the
39:37sidelines.
40:19So if price does begin to push up here.
40:21Then I'm going to be watching pretty
40:23closely
40:25to see if there's any indication that
40:26we're actually going to make another
40:28another attempt to push down
40:40because ju something to mention is just
40:42because we have a gap right here doesn't
40:44mean that it needs to get filled today.
40:46So sometimes on like new week opening
40:48gaps,
40:50if we're pretty bullish for the day, it
40:53won't actually come down and fill it. Or
40:55it may even come down and only fill a
40:57portion of it, like 25% or 50%.
41:00And then later on in the week, it may
41:03fill it. But
41:06just because a gap is there doesn't mean
41:08that it needs to get filled. All right.
41:10So,
41:16I'm going to be kind of watching what
41:18happens in this area.
41:49So, what is going to be ideal for what
41:52I'm looking at
41:54is uh I want to see this fiveminute
41:56candle essentially close with the PC
41:58above it. It came back to retest the
42:00stacked imbalance. So, if we're going to
42:02make another attempt lower
42:04to continue this move to the downside,
42:07I'd want it to begin to happen here.
42:12Otherwise, if we just blast through this
42:13right now and you see like a bunch of
42:16numbers on the right side just light up
42:18and bold and we just start pushing
42:20pretty hard, then
42:23I'm not going to try and take a short.
42:27But so far, this is looking pretty good.
42:29So, [clears throat] what I might look
42:30for is uh this next fiveminute candle to
42:33open up right here and retrace towards
42:34the PC.
42:37But the PC is now within the candle. So,
42:40I'm going to wait a little bit.
42:55All
43:22right. I think I'm going to I think I'm
43:24going to go short right here.
43:26>> Order filled.
43:28>> And it's kind of a
43:32bad entry, but
43:38I don't want this to flip bullish.
43:43It may though. We may be down 500 on the
43:46day.
43:50Yeah, we're going to get stopped out of
43:51it.
43:55order filled.
43:59All right. So, I got to wait a second.
44:10So, we lost one trade. We're down on
44:12this account.
44:14If I lose another trade, I'm actually
44:15going to stop on this account and go to
44:18a different account.
44:20and then our win streak will be over.
44:23But it's all right.
44:38I may try and retake it.
46:04I'm waiting to see how this 5minute
46:06candle is going to close.
46:22because I I may try and retake the
46:27shorts again,
46:35but instead I'm going to do it on this
46:36account just in case if it doesn't work
46:38out, then I don't want to be down taking
46:41the same trade idea twice on the same
46:44account
46:49if I do end up taking it and it loses.
47:00But if we continue to push right now and
47:03we close pretty bullish, then I'm not
47:04going to
47:07I'm not going to take it.
47:47Yeah, I'm not going to take any shorts
47:48right now. This is a [clears throat]
47:50pretty strong push up. Honestly, we
47:53basically took
47:55London lows and then just popped right
47:58back up.
48:07And we're getting close to the hourly
48:09close and we were all the way down here
48:13and we're about to create a really nasty
48:16wick.
48:23So this this is looking pretty pretty
48:26gross. We got to kind of wait a second.
49:00It's the
49:21Let me take a look at the 15.
50:00No, no. Uh, ATS is pretty fast. I have
50:03three three charts open on it and uh
50:07there's really no issue.
50:20>> So I don't have any lagging issues when
50:21it comes to a test.
50:24Although I guess it depends how many how
50:27many charts you're going to open up.
50:30I have technically three open right now.
50:32So,
50:33I don't have any issues with it. But, I
50:35mean, if you're going to open up like
50:37eight, maybe there might be issues, but
50:40I've never really tried that.
51:02So, right now I'm basically seeing that
51:05we're in the middle of the range that we
51:08created.
51:10And um
51:12I'm going to have to just wait. But uh
51:15if we do randomly just end up coming
51:18down pretty aggressively on this 5minute
51:20candle that covers most of this 5minute
51:23candle then I may try and take a short
51:26again. But there's like a minute left
51:28and we're kind of just stalling out
51:30right here.
51:34So, I want to see
51:36what happens when we have the new 4 hour
51:41at the 10:00 a.m. Eastern candle in
51:45about 50 seconds.
51:52But I am less likely to try and take
51:56shorts again.
51:58I'm just going to wait.
52:11All
52:37right. So, we have the new 4 hour open
52:39right now.
52:42We're going to see what it does,
52:47but we're literally like in the middle
52:49of this right now.
52:55And the hourly candle looks disgusting.
54:08So, we're going to see if when this 5mm
54:10minute candle closes if this stacked
54:11imbalance is going to stay Yeah.
54:40Even though it looks like it's coming
54:42down, I am still a little bit cautious
54:43about this area
54:45where we had the buyers stepping in.
55:58Well, I
56:00don't really like how the 15-minute is
56:02looking like this right now.
56:05It's kind of um
56:10I need to see for me to be comfortable
56:13taking a trade, I need to see um
56:19some really aggressive uh
56:23buyers or sellers popping in right now.
56:25Otherwise, like I don't want to
56:30I don't want to have this end up being
56:31like a range that we end up getting
56:33stuck in
56:36and then trying to trade like a break
56:39out of this range and then just getting
56:40destroyed.
56:42That's kind of what I'm thinking right
56:43now.
56:46But I do want to see how this five
56:47minute is going to close.
56:57Thank you.
57:02Thank you.
57:24All right.
57:27So, this is going to be a pretty
57:29strong bearish close for this candle.
57:50I may try and take another short,
57:54but the 15 minute is tripping me out.
58:12All right, I'm gonna attempt a short
58:14here on
58:18my Topep account.
58:21The stop loss is going to have to be
58:24like all the way up here.
58:28Honestly, I think if Oh [ __ ] I think if
58:30I lose this trade, I may just stop
58:35for the day or I may just go and like
58:38trade some evals or something.
58:45But I'd be looking for this uh
58:47fiveminute candle to flip bearish and
58:49start to try and run down here.
58:57and the stop loss is going to be past
58:59this stacked imbalance because if we
59:00start to pop back up there, then
59:04I don't really want that to happen
59:05realistically.
59:15So, I'd like to see some continuation
59:17here.
59:26And then I think what I'll end up doing
59:28is
59:30I'll probably if we can start breaking
59:32these lows and hitting these orders,
59:33I'll probably scale out half of my
59:35contracts. I'm in 10 micros right now.
59:38Oh, that's not a good sign.
59:42I'm going to have to move to break even.
59:45We just had buyers step in. I I I would
59:48want to see this just fail, but I got to
59:50protect myself right here
1:00:00cuz I don't want to basically have
1:00:02buyers step in right now and then get a
1:00:04follow through back up. So, we'll just
1:00:06take the break even.
1:00:10>> Order filled.
1:00:15All right, it was looking good for a
1:00:17second
1:00:18until the buyer stepped in.
1:00:22So, this is like making me think the
1:00:24reason why I went break even is we could
1:00:28still continue lower. And the stop loss
1:00:31was a valid place to put the stop. Um,
1:00:37but I don't want to get stuck in a range
1:00:40right here.
1:00:59because it's looking like
1:01:05this is kind of nasty.
1:01:21This is good for the sellers though. But
1:01:30I got out of it. Honestly, maybe I
1:01:32shouldn't have gone to break even, but
1:01:39When I saw when I saw this jump in right
1:01:40here, when I saw this jump in right
1:01:42here, kind of sketched me out a little
1:01:44bit.
1:01:58Although I will be interested to see how
1:02:00this five minute going to close right
1:02:01now.
1:03:36All right, I'm going to try this one
1:03:38more time.
1:03:39>> It's a pretty bad entry
1:03:42realistically. If it pops back up here,
1:03:45we're going to be done for and I'mma
1:03:48just call it a day basically. But
1:03:52we'll see if we can make our money back
1:03:55and get a breakout lower. I'm really
1:03:59hoping that we don't get stuck in a
1:04:01range.
1:04:04I would like to see it basically flush
1:04:06with some speed towards the 650 area,
1:04:11but it's a pretty bad risk-to-reward.
1:04:23Because if we are going to be stuck in a
1:04:24range, we're going to basically come
1:04:25right here and pop right back up and
1:04:28take me out.
1:04:30And the moment we break these lows, I am
1:04:32going to move to break even.
1:04:46simultane.
1:04:48system.
1:05:22We need to see this basically happen
1:05:23with some speed. It's going to probably
1:05:26go down to uh
1:05:29650.
1:05:31We'll move to uh break even if we can
1:05:33take these lows.
1:05:35If not, then we're going to be sitting
1:05:38in this range for a little bit if it
1:05:40just pops back up. So then I'll probably
1:05:43just take the L on the day for this
1:05:46account and then
1:05:50save myself
1:05:54from trading something that's going to
1:05:56destroy my account.
1:06:38All right, we need to see a pretty
1:06:40strong close here on the fivem minutee
1:06:42candle. I don't want to see a uh a wick
1:06:45basically get created
1:06:48with the PC at being at the bottom.
1:06:52The delta for sellers is looking decent
1:06:54though. So,
1:06:58we'll see how this is going to close
1:07:00here in 30 seconds.
1:07:19Yeah, it's not too clean today. That's
1:07:21why I'm thinking um
1:07:26I basically took a pretty late entry on
1:07:28this and I'm essentially
1:07:33trying to anticipate shorts before we
1:07:35break out of here, which is pretty
1:07:37risky.
1:07:39So,
1:07:40but we are getting lower. I'm going to
1:07:42wait for this candle to potentially
1:07:44retrace back up here and then if it
1:07:48flips bearish and breaks past these
1:07:50lows, I'm going to move my stop to break
1:07:52even.
1:07:54But this is um there is a possibility
1:07:57that we even just wick below here and
1:07:59come back into the range.
1:08:02And uh that's not ideal
1:08:11cuz then if we get stuck in a range
1:08:12right here like
1:08:16it's probably better just not to trade.
1:08:18But it's the new 15minute right now so
1:08:24we'll see if this stacked imbalance can
1:08:26hold. If not
1:08:28it's really not looking too strong.
1:08:32If this doesn't hold
1:09:41Yeah, this is uh this needs to stop
1:09:44right here and come back
1:09:49otherwise the 15 minute is going to
1:09:51Start making a barcode
1:10:04on the um previous 15-minute candle.
1:10:06Right at about 717 was the PC. So that's
1:10:10kind of like the last line of defense
1:10:14717.
1:10:17And if that can't hold, then
1:10:22probably just gonna take the L. We'll be
1:10:24down if this pops all the way back up.
1:10:27We'll be down
1:10:29like $1,100
1:10:35or almost tw almost $1,200 actually.
1:10:52All right. Now, I want to see this flip
1:10:54bearish and pick up some speed. If we
1:10:57can get that, that would be ideal.
1:11:01But the moment it flips bearish, if it
1:11:03does, I'm gonna have to move to break
1:11:06even
1:11:08because I don't want this to snap back
1:11:11up.
1:12:06Happy
1:12:07birthday.
1:12:35Yeah. So, that's going to be a weird
1:12:37close on the five minute. It's not
1:12:39looking too good
1:12:42realistically.
1:12:44We may just range here
1:12:47for a little while.
1:13:14Yeah, this might pop back up
1:13:17into here.
1:13:23But, okay. So, what I'm thinking right
1:13:25now is if this actually comes back up
1:13:27here past 717
1:13:31and we just like pop through really
1:13:33quickly,
1:13:36I'm probably going to stop trading
1:13:39because I'd rather This is not like
1:13:43if I continue to trade this, I'm
1:13:45probably going to lose more money. So,
1:13:49we'll save our capital for another day.
1:13:52We'll accept the L and uh it'll be the
1:13:56end of our winning streak here. But
1:14:00it's all right
1:14:04cuz I think right now it's like a
1:14:09I'm on like a 8 day winning streak for
1:14:12the funded accounts.
1:14:23But yeah, I can take a we'll take a
1:14:25$1,200 loss on the day and it's
1:14:29manageable.
1:14:31If it's more than that though, like
1:14:35losing $2,000 in a single day
1:14:39trading a range
1:14:41with an account that only has 4,500 in
1:14:44draw down is pretty nasty. So,
1:14:48we're going to try not do that.
1:15:02So, 717 held.
1:15:06We don't want to see it come back up
1:15:08there realistically.
1:15:23What I am going to do is if we do get a
1:15:25bearish close on this fivem minute
1:15:27candle with the PC being in the wick,
1:15:29I'm actually going to move my stop-loss
1:15:32so it's right above that candle so that
1:15:34if we do lose, we just lose a little bit
1:15:36less money because
1:15:39if it's going to push down like it is
1:15:41right now, then you wouldn't really want
1:15:43to see it come back up here.
1:15:46You would need to see like the the
1:15:4815minute begin to flip
1:15:59or you wouldn't want to see it break
1:16:01past this fivem minute candle basically.
1:16:09How much would that be? be
1:16:14400.
1:16:22Yeah, realistically,
1:16:25we'll probably put our stop now just
1:16:27above that wick
1:16:30because that's the PC of the 15minute,
1:16:32the previous 15minute. We respected it
1:16:35once, but if we come back up there, I
1:16:38wouldn't want to see us blast through
1:16:39it.
1:16:44So it'd be 200 less. So we'd be down
1:16:47like 900 on the day
1:16:55cuz like
1:16:58this doesn't look good, right? If we if
1:17:00we started look like we were pushing
1:17:01down and we came to these PC's and then
1:17:04now we're popping back up, it's just
1:17:07indecisive. We're not going to make like
1:17:09a like the move down. If it was truly
1:17:14going to push lower, we probably would
1:17:16have seen it flush right there.
1:17:18Otherwise, it's kind of just [ __ ]
1:17:20around right here. And uh I'll just take
1:17:23the L on it and minimize our risk by
1:17:27like 200 bucks
1:17:30because I don't
1:17:33look I'll show you.
1:17:37So if you see this, this is the
1:17:3915minute, right? So we came up to the PC
1:17:41and we started to fall down and came
1:17:44down here, but now we're popping back
1:17:45up. So
1:17:47I wouldn't want to see us basically
1:17:49break past this PC
1:17:52because then if that happens, then we're
1:17:53basically going to create like a a nasty
1:17:57bar code on the 15minute because we have
1:18:00five minutes left in this in this 15
1:18:02minute. And if that happens, then I
1:18:04don't even want to trade this. I'd
1:18:07rather just take the L and wait. The PSC
1:18:11closed above, so
1:18:14we it might come up here and retest it,
1:18:17but we don't want to see it go past it.
1:18:34But you have buyers stepping in right
1:18:36now.
1:18:59[clears throat]
1:19:19So we came up here to the PC of the
1:19:21previous 5 minute and hopefully we
1:19:23respect it and go down. But
1:19:27if not then we may just begin to range
1:19:30here.
1:19:38But with price action like this right
1:19:40now, then it's going to be really
1:19:42important that once we do get down here,
1:19:44if we do get down here, that we go to
1:19:46break even. Because
1:19:48what you don't want to see happen is
1:19:50basically like
1:19:52we're struggling to go lower, struggling
1:19:54to go lower, and then we wick past it
1:19:56and then launch back up into the range.
1:19:59So to protect myself from that, if we do
1:20:01get down here, then I would have to move
1:20:03to break even and be willing to accept
1:20:06another break even on the day.
1:20:12But since I'm already in draw down on
1:20:14this account, that would be the idea.
1:20:16But it needs to basically start picking
1:20:19up some aggression for the downside.
1:20:22Sellers need to start stepping in.
1:20:25Otherwise, like the delta right now is
1:20:27basically even.
1:20:31So, we need to start seeing it like
1:20:36push
1:20:37and flush past this.
1:20:48But it's
1:20:51it's not looking too good. I'm gonna be
1:20:52real with you. It's really not looking
1:20:54too good.
1:20:58Uh well, the delta, right? Like the
1:21:01delta is basically the the sum of buyers
1:21:05or sellers, right? So buyers minus
1:21:08sellers, sellers minus buyers basically.
1:21:11Well, it's basically buy buyers minus
1:21:14sellers. So right now the delta is
1:21:16literally almost zero, right? So if it's
1:21:20zero, then that means that there's an
1:21:21equal amount of buyers and sellers in
1:21:23this 5minute candle. So even though it
1:21:25may be a red candle, it's not a very
1:21:29strong red candle. We're starting to
1:21:31pick up now. So now it was at zero and
1:21:33now it's becoming like 500, but the
1:21:36candle still has a minute left. So,
1:21:40it's I pay attention to delta when it
1:21:44comes to the candles because it kind of
1:21:47gives you an idea of whether or not it
1:21:48was like a a strong bearish candle or a
1:21:53strong bullish candle where there was a
1:21:56lot more sellers than buyers or a lot
1:21:58more buyers than sellers. If it's kind
1:22:00of even, then it's
1:22:03it doesn't really mean much, right?
1:22:05Because price is indecisive. basically
1:22:08balanced. When you need price to move,
1:22:11there needs to be an imbalance, right?
1:22:13Otherwise, if it's balanced, then price
1:22:14isn't going to move.
1:22:20Think of it like a uh
1:22:23like a scale, right? Where
1:22:26if you have buyers and you have sellers,
1:22:28one side has to tilt for price to
1:22:31essentially move, right? If it stays
1:22:34kind of the same, we're not going
1:22:36anywhere.
1:22:52So, it's a decent um
1:22:56it's a decent close on the 15. I'd want
1:22:58to see this PC be respected in us to
1:23:00flip bearish right here
1:23:05and then potentially we get saved and we
1:23:08can end the day green
1:23:12because since we are consolidating here
1:23:15I think if it does go down it might go
1:23:18down pretty quickly.
1:23:21So, I don't have a hard TP either
1:23:23because if it wants to flush, it could
1:23:26flush kind of hard.
1:23:49But again, the moment we get past here,
1:23:53we may see a large seller step in right
1:23:55here, right? So, the moment we start
1:24:00I'm actually going to move to break even
1:24:02right now to be honest. Yeah. So,
1:24:04there's the large seller, right? Once we
1:24:06take the lows. So now what you need to
1:24:09be watching for is for there to be a
1:24:12continuation to clear these orders on
1:24:14the book and start to essentially flush.
1:24:17But if we don't get that and we just
1:24:19wick this right now and pop back up like
1:24:22it looks like it's doing, then it's just
1:24:25we're essentially just trading [ __ ]
1:24:27right now. Right. So,
1:24:45I need to move this to uh
1:24:49a little bit in profit.
1:25:17Yeah, this is uh something to notice too
1:25:20about the delta, right, is we have
1:25:25a strong -2,000 delta, but we're not
1:25:31making any progress.
1:25:34And
1:25:37we need to basically see because if we
1:25:40have a strong delta, meaning there's a
1:25:42lot of sellers right here that are in
1:25:43this candle, but price isn't going
1:25:45anywhere, then they're basically like
1:25:47and if volume is going to end like
1:25:50picking up here more than I'd say 15
1:25:5416,000, then buyers are just basically
1:25:56holding this level up. And if sellers
1:25:59can't break past it, they're basically
1:26:00just like running into a wall. and we're
1:26:04just going to pop back up.
1:26:08So, that's why it's important to move uh
1:26:10the stop loss to break even.
1:26:22But so far today, we haven't had like a
1:26:26like a lot of follow through yet.
1:26:34It's been very like
1:26:40kind of back and forth.
1:27:05cuz I think we took one trade, it went
1:27:09like a 100 ticks in profit, came back to
1:27:10break even. We took another trade, it
1:27:13went like 80 or 100 ticks in profit,
1:27:15came back to break even,
1:27:18and then we took a loss. And then now
1:27:20again we basically went like
1:27:25how far is that?
1:27:29We went like a 100 ticks into profit and
1:27:31then it's if it hits us back at break
1:27:33even it's just we'll just call it a day.
1:27:46All right, let's see if we begin to
1:27:47flush harder.
1:27:57The moment we get to 650 though, um I'm
1:28:00probably going to trail my my stop loss
1:28:03kind of aggressively so that
1:28:07if it does pop back up, we could just
1:28:08minimize the loss a little bit
1:28:14or even potentially go break even. So,
1:28:16we're going to see what happens when we
1:28:17take these orders here at 650.
1:28:28We're about to take them. I'm actually
1:28:30going to just put the stop right here.
1:28:33So, now we'll be break even on the day
1:28:36if it snaps back up. I would like to see
1:28:39it flush through right now.
1:28:56I'm actually going to move this
1:29:24I want to see it come down to like 50%
1:29:27of the gap,
1:29:34but if it bounces back, it's whatever.
1:29:37We'll be up like 200 on the day and I'll
1:29:39just call it.
1:29:46We need another push. I don't want to
1:29:49snap back.
1:30:02We're going for about 75 points right
1:30:05now.
1:30:10But we're stalling out a bit. We may
1:30:12actually just
1:30:16What's ideal to look for for true
1:30:18flushes? I mean, basically what you'll
1:30:22see sometimes is um one second.
1:30:31What you'll see sometimes is like
1:30:39Sorry, I'm just paying attention to
1:30:41what's going on right now. I'll answer
1:30:43it in a second.
1:30:51Yeah, we may get stopped out of this and
1:30:53then the next fiveminute candle will
1:30:56open up and push lower,
1:30:58but I need to like cover my cover my L
1:31:01on the day. So, We'll be up like 200
1:31:05bucks.
1:31:46Yeah. What's going to happen right now
1:31:47is we're actually going to get stopped
1:31:50out because
1:31:55the PC is moving higher up
1:31:57[clears throat]
1:31:59and our stop is literally right here.
1:32:05We have 30 seconds for the next
1:32:06fiveminute candle. First thing it's
1:32:07going to do is it's going to pop up.
1:32:09>> Order filled.
1:32:11>> All right. So, we got taken out of that.
1:32:14We're up 226 on the day. We were down
1:32:17500. Now we're up 226.
1:32:21Um,
1:32:24so to answer your question though,
1:32:27when it comes to like looking for price
1:32:30to kind of flush like kind of what it
1:32:32did right here, right, is
1:32:35when we come to an area and you have
1:32:37sellers attempt to push through it once
1:32:40and you got like buyers kind of pushing
1:32:41and then we begin to kind of consolidate
1:32:43a little bit and it comes down again and
1:32:46it fails and it comes back up, then
1:32:48realistically what you'll end up seeing
1:32:52cuz there's nothing there's nothing left
1:32:54over here. We're just going to the
1:32:55towards the gap, right? So, what you'll
1:32:58end up seeing is in this candle or this
1:33:02candle when we were kind of stalling out
1:33:03right here, it means that buyers were
1:33:07essentially trying or attempting to hold
1:33:10price in this area. And then the only
1:33:14way for them to
1:33:17push past that, it needs to be
1:33:18aggressive, right? All right. It needs
1:33:20to be pretty aggressive. So then you
1:33:22when when we were coming down here, I
1:33:23said when we break this low, you're
1:33:25probably going to see a big seller. So
1:33:27we broke the low, a big seller came in
1:33:30and then we closed still pretty bearish
1:33:32with the PC up here. So then the next
1:33:34candle would just essentially flush um
1:33:37because it got past like that wall or
1:33:41whatever of uh buyers.
1:33:46But that was uh that was kind of a
1:33:49sweaty trade.
1:33:52Almost got stopped out of that. I would
1:33:55have been super bummed if we got stopped
1:33:59out of this and then it dropped.
1:34:03Um and I
1:34:05we could have been up like 500 on the
1:34:08day. Um because actually we would have
1:34:10been up like 700 on the day because
1:34:14my initial TP was actually around like
1:34:17640 or something. Um it was actually 632
1:34:22right at the lows. But I did want to see
1:34:25this
1:34:27with the with the selling pressure we
1:34:29were getting. I was trying to see if we
1:34:30would actually dig a little bit deeper
1:34:32into the gap. I wouldn't go for the
1:34:34entire gap fill, but 50% is usually a
1:34:39decent target for me. So, right around
1:34:41619 is where I move the uh
1:34:46[cough] the takerit to try and be up
1:34:48like a thousand on the day. Um
1:34:52but it didn't do it. So, we got out for
1:34:55200. I think um
1:35:02I think today's like just
1:35:08we had like the right idea. We had the
1:35:10right idea honestly. Like we were up
1:35:12here. I said I was looking for price to
1:35:13retrace back into this move overnight.
1:35:16We did it. We tried to go short right
1:35:19here. We took a L
1:35:23and then I went short somewhere here.
1:35:25got a break even and then went short
1:35:27again here.
1:35:30And then at least we're not ending the
1:35:33day red on this account. Although,
1:35:37let me look at my other accounts. I
1:35:39think I'm red. Okay, so I'm $2 in the
1:35:42red and then this account I'm down like
1:35:45360. So,
1:35:49let's let's take a look.
1:35:54I think I'll just accept this $360 L
1:35:59realistically.
1:36:02So,
1:36:07we last week on this account, we were on
1:36:10a fiveday streak. Pulled a payout, first
1:36:12loss today. This isn't really good price
1:36:15action to try and
1:36:17make it back, right?
1:36:19And then this account we're on
1:36:23I mean this day doesn't really count but
1:36:25we'll just say
1:36:27seven days and we'll take a break even
1:36:31day today.
1:36:34And then this account
1:36:39um it's on what six seven seven
1:36:44days.
1:36:46So, we'll just uh
1:36:50The good thing is that I didn't lose
1:36:52$1,000 right now. That's all I care
1:36:53about. So, I don't really think about it
1:36:56if like I only made $200.
1:36:59I did not lose 1,200. I was about to
1:37:01lose 1,200 bucks today. So, we got
1:37:04saved. We got saved. I think I'm going
1:37:08to stop trading
1:37:11and
1:37:13we'll see what price action wants to do
1:37:15tomorrow. But there is a good chance
1:37:17that um
1:37:20this week might just be
1:37:23a little weird. It's a holiday week,
1:37:28so just got to be extra careful. I mean,
1:37:30if I do trade tomorrow, I'll hop on for
1:37:33a live, but realistically, I'm not going
1:37:35to trade Wednesday, Thursday, or Friday.
1:37:38So,
1:37:40if I do trade tomorrow, then
1:37:45it'll be the the last day of the week
1:37:46that I trade and then I'll basically
1:37:48wait until
1:37:52um
1:37:55I'll probably only trade
1:37:59Monday and Tuesday of next week, too.
1:38:01So, like when we're getting towards the
1:38:02end of the year, right, it's like
1:38:07there could be good price action. Just
1:38:10because it's the end of the year, it's
1:38:12holidays, it doesn't mean that there's
1:38:13not going to be good price action. But
1:38:16you do have to understand that, you
1:38:18know,
1:38:21we don't have to trade every single day,
1:38:24right? So don't fall into the trap of
1:38:27thinking you need to trade every single
1:38:29day because
1:38:32some days are just better than other
1:38:33days in terms of opportunity, in terms
1:38:36of volume, in terms of followth through
1:38:38or just price action in general. So
1:38:44it's the holidays, dude. Just enjoy
1:38:46enjoy the time with your family and
1:38:47we'll just uh really get back on it next
1:38:50year. What I might do though
1:38:54is I may just full port fullport some
1:38:57evals this week and next week so that I
1:38:59can go into January with like
1:39:05more funded accounts.
1:39:08So, it should be pretty interesting.
1:39:11Um, but if you're going to continue to
1:39:13trade today, just be careful. I'm going
1:39:15to stop and I'm going to get off. So,
1:39:20wasn't that bad. Could have been a could
1:39:22have been a pretty bad day, but we
1:39:24minimized it. We made a comeback on that
1:39:27account at least. And uh we'll just save
1:39:30our capital and we'll just try and grow
1:39:32it on another day. And I may or may not
1:39:36be on tomorrow, but if I am, I'll be on
1:39:38like 15 minutes before market open. And
1:39:40I will catch you guys next time. So,
1:39:43thanks for tuning in. Peace.

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