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1 Small Loss - Slow Day |🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 10,634 words · 1,723 segments · language en · Watch on YouTube

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0:41What up, Duck? All right, we're back for
0:44another day.
1:01Yeah, I know. What up, Duck? Hopefully
1:04you're doing well today.
1:06Hopefully, we make some make some bread
1:09today. But we got to be careful cuz
1:12it's like
1:16the last day of the year.
1:181300 on XFA from trading silver.
1:22Hell yeah. I was up I was up 1,400 and
1:27then I tried to take another trade and
1:29we lost like $300. So
1:33I ended up just locking out of this
1:35account. But you know what's crazy
1:37though is this account at one point
1:40after I took a payout had $60 in draw
1:43down left and we built it all the way
1:46back to two grand.
1:50So,
1:53not bad.
1:56Not bad at all.
1:59Today, I need to make uh like 150 bucks
2:02on this account
2:05to try and pull a payout.
2:10Get the first payout of 2025 uh 2026.
2:21So, we'll see what happens. But we did
2:22have a crazy pump pre-market
2:27for basically like
2:30over 100 points
2:37dcaing.
2:39Are you adding into losers? Are you
2:41adding into
2:44are you dollar are you like pyramiding
2:46positions like adding into winners or
3:16I I try not to actually add into losers
3:18unless it's like
3:22unless it makes a lot of sense or unless
3:25I went in light in the beginning
3:30with the intention to add into it as it
3:33retraced. But I try not to I try not to.
3:38Honestly,
3:43I feel like in most cases, if you're
3:45right about your trade, it should
3:48probably start working out pretty
3:49quickly
3:51in my opinion,
3:56at least the way that I trade. So, I try
3:58not to DCA into losers. But what I will
4:01do
4:03is I'll definitely add into winners
4:08and then just continuously move my stop
4:10to break even or just make sure that the
4:12average entry is where I can put a break
4:15even.
4:23Are you still working on that um on that
4:26account where you're like three days
4:27away or you were two days away from a
4:29payout like at the beginning of the week
5:19something about Trading View is too slow
5:21for you. I mean, are you are you
5:24connecting your broker to Trading View
5:25and then just trading on Trading View?
5:31You caught a little bit of the wave up.
5:34Nice. That was a nice move. This is this
5:38is what I was looking to happen um
5:41this week. But it basically
5:44like yesterday when I tried to go short,
5:46I was trying to target basically 600 for
5:50us to retrace
5:52into this move up before we actually
5:54continue to go higher because I didn't
5:57think that we were just going to go
5:58higher straight off of uh this
6:00consolidation area. But
6:04I ended up getting faked out yesterday
6:06in the consolidation. But then now it
6:08actually makes the move that I was
6:10looking for, but it does it overnight
6:12while I'm sleeping. And so I get here.
6:14Now here we are,
6:16end of the year.
6:18We uh made that move down. We closed the
6:21gap. We hit 600. And then immediately
6:24after that, we turned right around and
6:27we're making our way up. So
6:30realistically that on a higher time
6:33frame like if we're looking at a 1 hour
6:34chart which is what I'm looking at right
6:36now
6:38I would expect this to be the low
6:42and for us to like potentially the low
6:45of the week and for us to then continue
6:48up towards I want to see us come up here
6:52to 26,27
6:55to take out these highs on our way to
6:58all-time high.
7:01But obviously today
7:03it's a little tricky when we have like a
7:09it's a little tricky when we have like
7:12clean moves like this pre-market because
7:18it makes me worried about basically like
7:20some consolidation for New York open.
7:27Oh, you made a you left a limit order on
7:31silver. Oh, leaving a limit order on
7:33silver is nasty.
7:40Silver is a dangerous thing to trade.
7:43But last night I traded silver a little
7:46bit. I went long at uh like let's take a
7:49look at it. Wonder what it's doing now.
7:53I haven't seen it since last night.
8:03Kind of ranged a little bit. It'll
8:06probably pop up today. Or actually,
8:08maybe not. It might take these out. But
8:11basically, um,
8:16yesterday
8:17I had like yesterday I basically blew
8:20two evaluations on stream, but I had
8:24three evaluations that were halfway
8:25past.
8:28I blew one of them trading silver last
8:30night, but then I passed two of them.
8:32So, I have like this brand new funded
8:34account and this brand new funded
8:37account.
8:38So right now I have I have four 50k
8:41express accounts with top step and then
8:45last night. So yesterday I lost like
8:49$300 on this account
8:52um
8:56before like this daily candle opened.
8:58So, I started the day today on this
9:01account with like $800 in draw down and
9:05then I pyramided into a position on
9:07silver. I think it was probably
9:11right around Tokyo open.
9:17Yeah, it was right around here. So,
9:19thank God I got out of that.
9:22Basically, right around here, I went
9:24long on silver
9:26up to here. And then on the way up, I
9:29was adding into my position like one or
9:32two micros.
9:34And then I ended up being in four
9:35micros. And I started scaling some out.
9:38And then I made $1,400 actually on this
9:41account by pyramiding a long position.
9:44And then
9:46when we um
9:50were right here,
9:52I actually went long again on silver
9:55and it went in profit, but then it came
9:57back and hit me out for like a $300
10:00loss. So, I ended up just locking out of
10:04this account for basically $1,100 up on
10:07the day, but
10:11it's back to a $2,000 balance. So,
10:13that's really all that matters. But, um,
10:15this account is
10:193 days in on this payout cycle. So, I
10:22basically need two more days to request
10:25a payout
10:27for this account. But we got to build
10:28the balance up a little bit higher
10:30because I don't want to take a payout
10:32and then
10:34have this balance get back to like
10:371,200,500.
10:41I mean, it might come back to 1500, but
10:43we'll just try and take a payout on that
10:45one. But this one,
10:47this is the fifth day, so
10:51we're going to try and just I'm going to
10:54be pretty careful today, honestly,
10:56because
10:58What happens with order flow like at the
11:01end of the year is when
11:04you have like tax positioning happening
11:06and
11:08like
11:10window dressing and certain things that
11:12institutions are doing where they're
11:14basically
11:17getting rid of assets and then putting
11:19their money into other assets. And then
11:22it makes the order book like look kind
11:24of weird
11:26where
11:29like let's say like a like a institution
11:32is rebalancing their books, right?
11:35You the way that I trade is I'm looking
11:37for pressure and then like continuation.
11:40So like sometimes instead of moves
11:44hitting the book and then they're
11:45directional, the moves might hit the
11:47book and they're like
11:50transactional if that makes sense. Like
11:52you might see delta look strong, volume
11:54looks strong and then big trades coming
11:57in like everything basically that I'm
11:59looking for
12:01for a trade but then it just like dies
12:04out and it just doesn't go anywhere. Um
12:07and that's basically what happened
12:08yesterday.
12:10And since today is the last day of the
12:12year, I'm anticipating it basically to
12:15happen again today.
12:17So I am going to be kind of careful. But
12:19I mean I only need like 200 bucks or 150
12:22bucks today. So
12:25we'll try and get 200 bucks or 300
12:28bucks. But if we can find some type of
12:31lowhanging fruit, I'm probably going to
12:32take it. and it might be the only
12:35account I trade today just to try and
12:36secure
12:38the first payout of uh 2026.
12:45The best way to trade silver
12:48um
12:50honestly trading silver right now is
12:52kind of difficult because it's pretty
12:54volatile and even with one micro you're
12:57looking at basically $5 a tick. So
13:03you need some draw down realistically. I
13:06mean like the thing is is a lot of
13:07people um
13:10probably are like getting FOMO about
13:13seeing people make money on silver
13:16because you can make a lot of money on
13:17silver really quickly, but you can also
13:19lose a lot of money on silver really
13:22quickly. And like during like if we go
13:25and look at the daily chart
13:29when we started kind of making this move
13:31up in May, I was like trading silver a
13:35little bit or uh I was mainly trading
13:38gold but
13:40this was kind of a a little bit cleaner.
13:42But you see how these daily candles are
13:43smaller. So it wasn't as volatile. But
13:46then once we start getting into this
13:48this massive move, like now you have a
13:51bigger daily range and then the ATR of
13:54all the candles are obviously going to
13:55be higher because there's more volume
13:56pumping into here because everyone's
13:58like, "Oh my god, look at silver." And
14:00so you need to be careful because if one
14:04micro is basically $5 a tick and the way
14:07that silver moves is sometimes pretty
14:10volatile,
14:13um you can lose a lot of money. So
14:14honestly, like I try and stay away from
14:16silver unless I see something that at
14:19least for my funded accounts unless I
14:21see something that I really want to
14:22take,
14:25but sometimes I'll just use silver to
14:26full port some evaluations just because
14:28it's really quick and easy. Uh but
14:31honestly, if you're not used to trading
14:33silver, I probably wouldn't really
14:35recommend trading silver at all
14:38and especially towards the end of the
14:41year and especially when it's pumping
14:42like crazy.
14:44you're probably better off just like
14:46focusing on
14:48gold or
14:50NASDAQ or ES or something.
14:54There's tons of people out there that
14:56obviously are not showing it on social
14:58media, but there's tons of people out
14:59there who are just destroying their
15:01accounts right now with silver.
15:07Especially
15:14if you don't know how to size correctly
15:15with silver. I mean, you could be like,
15:16"Oh, four micros is not that much." And
15:20then you go in four micros on silver.
15:22Next thing you know, your P&L is moving
15:24up and down by $20 every single tick.
15:28You know, we go and then silver just
15:30pumps or dumps immediately 100 ticks.
15:32It's like that's your entire 50k draw
15:34down just gone like in the blink of an
15:36eye.
15:39So, we're coming down before market open
15:42a little bit. I think um
15:46the
15:48I do have a bullish bias for today
15:50because we hit where I was looking for
15:52on the bearish side of things, which is
15:55600.
15:57So, we hit 600 and then we start making
15:59this move up.
16:01I am going to be a little bit more
16:03passive today. And if I end up not
16:06taking a trade, like
16:08just it is what it is. I'd rather
16:10actually wait until January 5th, which
16:14is next Monday.
16:18Um,
16:20but we'll see. We show up every day
16:22regardless
16:29or we try to show up every day
16:30regardless.
16:37So, we'll wait for market open and then
16:39we'll see what happens here and then
16:41we'll just try and be careful.
16:43And we're not going for a home run
16:45today. Just
16:52Let's see. Hold on.
17:14All right, let's see what happens here.
17:40Yeah, you can easily scalp silver. You
17:42don't really need long runners.
17:58So, basically what I'm waiting for right
18:00now is it's uh the first minute of
18:04market open.
18:07We're going to wait to see where the
18:10pressure decides to push us.
18:13Realistically, on a day like today, it
18:15is better to look for longs than it is
18:18to look for shorts. Yes, there is
18:21definitely
18:22a possibility that like we retrace into
18:25a little bit of this pre-market move.
18:28Um, but ultimately, it's
18:31probably better to look for if you're
18:33going to try and hold a position, right?
18:35It's better to probably look for longs
18:37in this scenario
18:40rather than trying to short it right
18:42here and then you don't know where it's
18:43going to stop before it can potentially
18:45come back up. So,
18:52and also cuz like if you do take a
18:53short, where are you going to target,
18:54right? Are you really going to target
18:56these lows? Probably not. I mean, if it
18:59it can, but I doubt it.
19:06Uh, whenever I take trades, typically
19:11if we're talking about like MNQ or NQ,
19:14I'm usually going for like 50 to 100
19:16points if I can get it.
19:23Oh, moving to Atlanta. That's what's up.
19:30That should be exciting.
19:36Well, I don't know how you feel about
19:38it, but
19:39maybe it's exciting.
19:42Or maybe you're bummed out about it. I
19:45don't know.
20:16So, something else I'm looking at right
20:17now is um
20:22we did come up into uh so basically I
20:24have this indicator I created that does
20:26deviations away from Asia session.
20:30Um we came up into the first major
20:32deviation away and we're starting to
20:34come back down. So there is a
20:36possibility that this can actually come
20:39back down to revisit uh Asia Asia
20:43session highs or somewhere in this
20:45range. So we're going to just wait a
20:49little bit.
20:51But I'm not um trying to short it into
20:54here. I'd rather wait for some sign of
20:57buyers kind of starting to step in and
21:00then I'm going to try and take it back
21:02uh long, but we'll see what happens.
21:33Yeah, it should be cool at Atlanta.
21:36Never been there before,
21:38but I would assume it's probably pretty
21:40cool.
21:53Also, something I'm going to be paying
21:55attention to
21:57um these first couple five minute
22:00candles is uh the volume.
22:03So, usually on MNQ, like
22:10I'm looking at the first five minute
22:11candle and on a normal day with normal
22:15volume,
22:17we'll probably have like anywhere
22:18between like 30 to 40,000 contracts,
22:20sometimes even more on a volatile day.
22:22Right now, the first fiveminute candle
22:24was 26,000 contracts. So, it was
22:27a little bit lower than normal, but
22:32we'll just keep an eye on it
22:36because what I'm trying to basically
22:38avoid is
22:42for
22:44um what's it called?
22:47We have this crazy pre-market move and
22:49then that's like the move and then we
22:50start to consolidate here for majority
22:52of the morning and then you get caught
22:54up in a chop like trying to trade when
22:58basically price went from an imbalance
23:00and then finds a balance and then you
23:02just get screwed. But we're watching uh
23:04buyers attempt to step in right now. So,
23:08we got to be careful though cuz it's
23:10important to understand that
23:13big trades don't mean as much on a day
23:16like today because
23:21it's the end of the year and it can just
23:22be like a transactional
23:25like rebalancing for tax positioning
23:32and it might not actually provide like
23:34any type of continuation.
23:48So, let's take a look at the hourly.
23:51It's coming all the way back.
23:56I don't really think we're going to
23:58break these lows,
24:02but
24:04we'll keep that in mind as a potential
24:07possibility
24:08obviously.
24:18All right, there's a lot of selling
24:19pressure coming in right now.
24:24We're going to see if it slows down or
24:26if it stops or if buyers can hold it. If
24:28not, we'll just probably watch this come
24:31all the way back.
24:34Um, but one thing that I was mentioning
24:36earlier is like when we're looking at
24:38Asia session,
24:40we're now back in Asia session. So,
24:44we're actually at this red line
24:45basically, which is the equilibrium
24:49of the Asia range that I have.
24:53So, I want to see what happens right
24:55here if we kind of stop or if the
24:58selling pressure is just going to
24:59continue and rip straight through it.
25:09But we are entering discount of this
25:13price leg.
25:26But as of right now with this selling
25:28pressure coming in, there's really
25:30nothing here telling me to just step in
25:32front of this and try and buy it. I
25:34mean, you can maybe get lucky, but
25:39we would rather wait for some type of
25:41confirmation. It's going to actually go
25:43the other direction.
26:13How how big of a dump was this?
26:18Like a 100 points
26:21off the open.
26:26Yeah, basically like a 100 points.
27:08But we're going to wait a little bit
27:09here. I might actually wait for the
27:1015-minute candle to close because right
27:13now it's looking pretty strong to the
27:15downside. So,
27:19what I am going to do though is like if
27:21we start coming way lower to
27:27basically below 580, I'm probably not
27:30going to look for longs anymore until we
27:31take the lows.
27:37But I am expecting it to basically
27:41I'm expecting it to bounce anywhere from
27:43like
27:45637 to
27:50580. Basically,
27:53it's kind of what I'm looking for, but
27:55I'm waiting for a sign that it's
27:58happening. I don't want to just kind of
28:00like guess it or anticipate it.
28:47So yeah, I'm probably going to wait for
28:49this fivem minute candle to close, the
28:5015 minute to close, and then we'll see
28:53how the next 15-minute opens up.
28:57But if you were to look at like the
28:5815minute, I mean, this is pretty strong.
29:02This is a pretty strong 15-minute. It's
29:04stalling out a little bit right here.
29:06And the PC of the 15-minute candle is
29:08literally right where price is at. So,
29:12sellers are kind of stalling a little
29:15bit right here.
29:17But that doesn't mean that necessarily
29:19it's going to turn around because we
29:21still have pretty strong negative delta.
29:24But if we begin to flip a little bit,
29:26what I'd want to see is like one more
29:29push down
29:31and then for buyers to start stepping in
29:33and then I'll probably try and take it
29:35long
29:37if it makes sense to do so.
29:53But we are getting closer and closer to
29:55the area where I'm just gonna
29:58no longer consider looking for a long
30:00position.
30:26like basically from here to here. I
30:29don't really want to see price
30:31start getting past this
31:09We're probably coming down to 600 right
31:11now.
32:04hoping that in January
32:07we have some decent price action. I kind
32:10of just want December to be over.
32:19But actually price action in December
32:21really wasn't that bad.
32:23It's just these last couple days that I
32:25just I'm careful,
32:31but so far it's been a pretty decent
32:32month.
32:36It's a lot of uh opportunities.
32:39All right, so we're taking uh we just
32:41took the orders at 600
32:46and the new 15 minute and new five
32:48minute opened up. So basically what I
32:49want to see at this point is for us to
32:53create a pretty large wick here on this
32:55fivem minute candle with the PC towards
32:57the bottom of it and I want to see some
33:00type of buying pressure step in right
33:02here
33:05to try and take it long. Now, if that
33:07doesn't happen and we just continuously
33:09melt and we start getting past 580, like
33:12if this 5m minute candle closes, excuse
33:15me.
33:17If this 5m minute candle closes past
33:19580, I'm probably not going to look for
33:21longs anymore
33:25because then at that point, it's
33:27actually pretty likely that we might
33:29actually continue to take the lows and
33:32start moving down further.
33:53What a move though. That's crazy.
34:00Popped up 125 points just to come all
34:02the way back down.
34:10But this for me, this fivem minute
34:12candle is going to be pretty important.
34:13So there's about like 3 minutes left in
34:16it. I want to see what it actually looks
34:20like when it closes.
34:22And it's basically going to tell me
34:24whether or not I should continue to try
34:27and look for an entry for a long
34:29position to take it back up into this
34:31range
34:32or if we might just start melting
34:36to like
34:39deeper into the 500s.
35:01home is recorded on two separate
35:04special
35:21But I will say the longer that this is
35:24continuing to look like this, the less
35:26confident I am in uh trying to go long.
35:47cuz the hourly candle looks crazy right
35:49now.
35:51Look at that.
35:56So now
35:58I'm looking for this to start basically
36:01popping up further and I want to start
36:03seeing some type of
36:07buying pressure
36:10begin to move price in the other
36:12direction.
36:14But just because it looks like this
36:17doesn't mean I'm going to try and go
36:18long right now because this can just be
36:20like a pause before we continue to drop
36:23again.
36:58Did any of you guys catch this short?
37:01If you did, good stuff.
37:06was a pretty large move.
37:14All right, so I want to start seeing
37:15some buyers start stepping in right now.
37:23Oh, he woke up five minutes late. He
37:26probably opened up the charts and just
37:27saw it melting.
37:38Oh, that sucks, man. If you're waiting
37:39for it and then uh you woke up in the
37:43middle of it. Yeah.
37:51So, what I'm looking for right now is
37:55that was a super weak attempt for buyers
37:58to step in the PC. If we are going to
38:01actually flip, then the PC would need to
38:03hold right here. Otherwise,
38:05we're actually just going to continue
38:07down.
38:17It looks like
38:19It looks like the sellers are still
38:21going to
38:24push it.
38:35Yeah, I used to have that same issue,
38:37too. I mean,
38:40I don't do it anymore.
38:42So, sometimes like
38:45my trading days are just like this. I'm
38:47just watching massive moves happen,
38:48right? But it's okay cuz
38:53at the end of the day
38:57catching a falling knife and like
39:00chasing
39:03or trying to call the top like if it
39:05works out great but there's a lot of
39:08times where it's not going to work out
39:09and I've blown a lot of accounts
39:12doing that.
39:15All
39:27right, I think I'm actually going to try
39:30and attempt a long Oh, [ __ ] That was
39:32late.
39:33>> That was late.
39:35We got a shitty ass entry.
39:42Damn. All right. Well, we're just going
39:45to have to put our stop towards here.
39:49But that was honestly a pretty late
39:51entry. When it comes up into here where
39:53this stacked imbalances to the downside
39:55or this little cluster right here, I'm
39:57going to have to be careful.
39:59I'll probably have to move my stop to
40:01break even. I'm hoping that buyers can
40:04continue to come in and a massive seller
40:06doesn't just enter right here and push
40:08it back down.
40:11But the entry realistically should have
40:14been right here.
40:18But the moment I press the button,
40:23it spiked up.
40:27Whatever.
40:31I don't want it to come back to this PC
40:33basically. So that's why this uh stop
40:34loss is here. I'll just take the
40:38$260 L. And since this is the last day
40:41of this account for a payout, if I do
40:43lose like
40:46Yeah, we're getting cooked right now. If
40:48I do lose like 500 bucks, I'll probably
40:51just stop trading this account. I'll
40:54probably move on to a different one and
40:55then I'll try and get a payout next
40:58week.
41:03Yeah, it's a shitty entry.
41:12bad timing
41:18because basically the moment that this
41:19candle flips bearish again, I'm going to
41:21get taken out of this
41:24and because of the entry, we're going to
41:25have a pretty [ __ ] risk-to-reward.
41:31The stop is like right here.
41:44All right. So, I need this five minute
41:47to close somewhere up here with the PC
41:52still staying within the body of the
41:54candle. And then we just
41:57are going to move stop to break even if
41:59if it gets up here to
42:02this stacked imbalance here in this low
42:05volume node inside of this strong push
42:08down.
42:11We're only trying to basically grab like
42:16$200. I'm in five micros right now. So,
42:20we just need to grab like 100 ticks out
42:23of this move right now so that we can
42:24secure a payout. I don't want to see
42:27this candle get anywhere past this PC
42:31right here. It would be a pretty bad
42:34sign. So, the moment that we come up
42:36here and start getting past these highs,
42:38I would be moving to break even.
42:42So, we'll see if we can start getting
42:44some momentum here. Otherwise, this is
42:46just a small pullback before we create
42:49another low. Basically,
42:55>> I'm actually going to tighten this a
42:57little bit.
43:29So, I don't want to see this candle get
43:31past this PC like right here.
43:34This is where it needs to hold
43:36basically.
43:39Otherwise,
43:42we're going to be cooked.
44:04All right. So, a bunch of selling
44:06pressure is coming in. We're probably
44:08going to go lower.
44:13We'll take our $200 L.
44:16>> Order filled
44:18>> and we will wait.
44:24So, we're down $191.
44:46It didn't get high enough for us to move
44:48to break even and then sellers started
44:51stepping back in and now it looks like
44:55we could potentially be going to
45:00target
45:02or T or create a new low.
45:15Probably if I didn't get such a shitty
45:17entry on that cuz I was supposed to
45:19enter it like right here, I would have
45:22been able to have a better stop loss.
45:25But today,
45:29well, I just kind of got unlucky right
45:31there. I was trying to say I was going
45:32long and then it was just like a second
45:35too late. But this probably still going
45:38to come down. But, um,
45:43my goal mainly for today is just to not
45:45lose a bunch of money on this account
45:47because it's like the last day before
45:50the last day for a payout.
45:52So, if I lose 500 and then this account
45:56basically goes to like $2,100 or $2,000,
46:02I'm just going to stop trading this
46:04account. And then I'll probably trade uh
46:07a different funded account as long as
46:09the price action is still decent for an
46:12opportunity.
46:16Otherwise, we'll just call it a year and
46:19I'll see you guys next year. But I do
46:21think that there's going to be probably
46:22another opportunity. We just got to wait
46:24for it cuz the 4hour candle or the 10
46:28a.m. Eastern candle is about to open
46:29right now.
47:09See what
47:12Let's see what gold and silver are
47:14doing.
47:22Not much. Not much. All
47:41right. At this point, what I kind of
47:43don't really want to see is I don't
47:45really want to see
47:48I don't really want to see this candle
47:51come back up here and then close
47:53somewhere here.
47:54because then I'm going to have to wait
47:56for a while because then we're going to
47:59basically be chopping and ranging. So,
48:04the most ideal scenario is we come up
48:05here to this stacked imbalance on this
48:07push down and we actually go create a
48:09new low
48:12and then we would be able to hopefully
48:14find another opportunity. But we're not
48:16going to try and trade anything within
48:18here because
48:21after a move down um at open and the
48:26move up pre-market, I am trying to be
48:29cautious of like the beginning of a chop
48:32or consolidation, especially with the
48:35way that I trade because chops and
48:37consolidations basically kill my
48:40accounts.
48:45And I I just get wrecked.
48:48It's like my [ __ ] arch nemesis.
48:50Consolidation and chop.
49:14But I am happy that last night we made
49:16some good trades on silver.
49:19So we brought that this account back to
49:21life. We got two freshies
49:24heading into 2026
49:29and then we'll work on some more evals.
49:31Probably
49:33I'll probably work on some more evals on
49:35January 2nd.
49:42So on Friday and then next week. So the
49:45goal is is for January I want to
49:50well first I'm trying to get a payout on
49:51this account and this account so that we
49:54start net positive on the month with the
49:56firms and then we can just use those
49:59profits and try and start getting more
50:01allocation as far as for like funded
50:03accounts and then if we can get to like
50:07having like eight to 10 funded accounts
50:09again I think we'll be in a pretty good
50:12position.
50:15to start off the new year.
50:24So, realistically, the only thing that I
50:26got to focus on is not [ __ ] up this
50:29payout and not [ __ ] up this payout.
50:34If we take losses, it's fine, but the
50:36just the losses can't be too big. You
50:38know what I mean? Because let's say like
50:41I lose $1,000 today and my balance goes
50:43to
50:451,600 bucks.
50:49That's bad
50:51cuz we got to
50:53you can't take a payout at that point
50:55because then you're just going to get
50:55left with like I mean if you want to you
50:58can but I don't like taking payouts at
50:59that point because then it's like the
51:02probabilities of blowing uh
51:05blowing your account is pretty high.
51:10Yeah, it it is pretty surprising. I was
51:13expecting us to rebalance some of this,
51:15but I wasn't expecting us to come all
51:18the way down here and then not have any
51:20type of
51:22buying aggression step in. Like I was at
51:23least expecting when I entered into the
51:26long position here. I was at least
51:29expecting us to pop up into um
51:33this area right on the footprint where
51:36you see it's like we had high volume and
51:38the low volume node right here with the
51:40stacked and balance. I thought we were
51:41going to retest that and rebalance this
51:43area, but um and that would have given
51:46me like my $200 on the day. I wasn't
51:49trying to take it really much higher.
51:52That's why I was going to move stop to
51:53break even. But there was just no follow
51:56through.
51:58And it looks like either two things are
52:01probably going to happen right here as
52:03of right now. We're just going to chop
52:06and consolidate and maybe like peak our
52:09head up a little bit right here and then
52:10snap back down or we're going to just
52:12like fall lower.
52:16But we'll see. We'll see if any type of
52:19buying activity starts because it's kind
52:22of non-existent like all morning.
52:29And like for the AM session,
52:32the the worst thing that can happen
52:35right now is for the AM session is like
52:38let's say this and this was like the
52:41quote unquote move of the day or for the
52:43morning session and then now it's just
52:45going to
52:48consolidate and then we missed this, we
52:50missed that. So then now we're trying to
52:52catch a trade in this [ __ ]
52:56Nah, we got to avoid that.
53:00>> We got to avoid that because it's just
53:05I mean probably a lot of people if this
53:07does start start to consolidate, you'll
53:08probably have a lot of people who will
53:10blow their accounts in here because
53:13they're going to be upset that they just
53:15watched this happen and they're going to
53:16be upset they just watched this happen
53:18and they didn't do anything. So now
53:20they're going to try and force a trade
53:21in consolidation to like
53:24try and make something today and then
53:26they're just going to get [ __ ]
53:27wrecked and we don't want that to be us.
53:31So
53:33we're just going to watch what it does.
53:34If we actually just consolidate here for
53:38the next hour or whatever and we don't
53:41tra take a trade, then we don't take a
53:44trade. You know, it's not there's always
53:46like another trading day. You don't have
53:48to force something if it's not there.
53:52Like right now, I don't really see
53:54anything.
54:28But I hope some of you guys are green.
54:31And if for whatever reason you decided
54:33to take the trade that I took, I hope
54:34you did not size too heavy
54:37because usually I'm going
54:405 to 10 micros, right? And in that
54:43scenario where we have a lot of selling
54:45pressure and we're kind of going against
54:48the pressure and hoping for basically a
54:51flip, we're trying to anticipate a flip,
54:54then I go basically half size. So I go
54:56five micros. So then that way if I'm
54:59wrong, which like you got to be prepared
55:02for being wrong, the loss is going to be
55:04smaller. If there's a better opportunity
55:06and you're moving with pressure and it
55:09makes more sense, then I'll use like 10
55:12micros and then
55:16I'll just it's a higher probability, so
55:20I'll make a little bit more. But
55:23definitely like if you're ever trying to
55:27take a trade like that where we're
55:29coming down super hard and then you're
55:30looking for like the pivot point
55:33basically or the turning point of that
55:35momentum.
55:37It's usually better to size a little
55:39lighter
55:41just in case you're wrong.
55:55Otherwise, if I was willing to risk 500
55:57on the day today
56:00and we basically used all of that draw
56:03down available in one trade, that's a
56:07little bit that's kind of aggressive.
56:11Would have been done on this account
56:13already,
56:17but we'll try and give ourselves another
56:18opportunity, another chance.
56:22We'll just wait.
56:52But it is the last day of the here and
56:54we don't have a trading day tomorrow.
56:56Market's closed.
57:00So,
57:07just got to be careful. A little bit
57:08more passive today.
57:38So, something I'm kind of looking at
57:40right now, just so you guys know what
57:42I'm looking at, is I'm looking at the
57:43volume of these candles down here.
57:46uh when we were coming into this area,
57:49we were having about like 30 to 20,000
57:52contracts on MNQ and then as we entered
57:55into this area where we're kind of
57:57really b not really doing anything, kind
57:59of bullshitting around it went from 24K
58:01to 18K to 14K to 9K. So volume is
58:04basically dying out right here. So,
58:05we're going to see if like
58:09this is like a perfect example of like
58:12when you start getting into an area and
58:14then volume starts to die out where it
58:17starts looking like this. Like this is
58:18kind of like a no touch zone. Like I for
58:21me like I do not touch this. Even though
58:24this looks like like let's say you're
58:26looking at this, even if you're on like
58:28a one minute chart or something and
58:30you're like, "Oh, looks like it's going
58:32to go down." It might. We might actually
58:34go take these orders and take the lows,
58:36but because volume's pretty low. And um
58:42you don't want to anticipate this, dude.
58:44Like
58:46you might be right, but it's like this
58:48is
58:51there's better things to trade. NQ
58:54provides so many opportunities. is like,
58:56"Yeah, if we thought that this is going
58:58to happen and it's pushing like it is
58:59now, sure, but why even risk it,
59:04honestly?
59:30And also like if you did want to take
59:32that trade, it's like
59:34what is your risk-to-reward even going
59:36to look like? Are you going to just like
59:39let's say we entered right there. You're
59:41are you going to put your stop up here
59:43for 140 ticks and then target the lows
59:45for negative R? No. So then are you
59:48going to where are you going to target?
59:50You going to target down here at like
59:52550 area.
59:55So
59:57it's like that's just not a that's not a
1:00:00a me type of trade. I guess it's not
1:00:02really a trade I would take.
1:00:05Even though even though we think like
1:00:07okay this might happen but like
1:00:13you don't have to trade like every
1:00:16little at least because I'm looking at a
1:00:18five minute and a 15-minute chart like
1:00:22you don't need to trade every single
1:00:24little like move in the market. Like
1:00:27imagine all the people like imagine this
1:00:28thing just flips right now, right?
1:00:30Imagine all the people who just tried to
1:00:32short it right here thinking like, "Oh
1:00:34my god, it's breaking out lower
1:00:37and then we're just stuck right here."
1:00:38It's like, bro,
1:00:40why did you even try and do that?
1:00:44Uh, volume numbers like realistically
1:00:50on a nor like with the recent
1:00:51volatility. So, keep in mind what I mean
1:00:53by recent volatility is like when the
1:00:56average daily range is sitting around
1:00:57400 points. Um,
1:01:01I'd want to see volume at the open for
1:01:05and keep in mind these numbers are for
1:01:06MNQ. So don't like look at NQ with these
1:01:10numbers and be like why does it look so
1:01:12low? Cuz it's obviously different. But
1:01:15usually I'd want to see volume staying
1:01:18anywhere between like the mid 20,000s to
1:01:2030,000 for like normal volume. the open
1:01:24on most days, you'll probably see like
1:01:2840,000 contracts traded in the first
1:01:30five minute candle. And keep in mind,
1:01:32I'm talking five minute candles because
1:01:34if you look at any other um these are
1:01:36volume numbers per candle. So if you
1:01:38look at any other time frame, the volume
1:01:40numbers are going to be different.
1:01:43Um, but yeah, for five minute candles,
1:01:46anytime it starts getting below 20K,
1:01:49um,
1:01:52I'm a little careful just because I want
1:01:55to trade high volume
1:01:57and I want to trade moves that happen
1:02:01relatively quickly.
1:02:03Like if I get into a trade and I'm
1:02:06hoping it goes a certain direction, I
1:02:08want it to just go, you know? I don't
1:02:10want to like
1:02:14I'm trying to like basically like latch
1:02:16a ride on all the pressure. I'm trying
1:02:17to like hop on the ride, the wave, you
1:02:19know? I'm not trying to basically like
1:02:22sit in some [ __ ] like this and then
1:02:24hope that the pressure starts coming in
1:02:26in my direction.
1:02:28I mean, you can, but I just don't do
1:02:31that. But yeah, red man, buyers are
1:02:34pretty cold today. There's no type of
1:02:35buying pressure coming in like
1:02:36whatsoever. There was a small attempt
1:02:38right here where um I tried to go long,
1:02:42but then there was like no follow
1:02:44through whatsoever and then sellers just
1:02:45came back in.
1:02:50So, I'm less likely to try and take any
1:02:52type of long position until we basically
1:02:59I would I would need to not only would I
1:03:01need to see an initiation of a of a long
1:03:04position at this point, but I would need
1:03:06to see like some actual strong follow
1:03:08through or else I'm not going to touch
1:03:10it. Because even if this looks like it's
1:03:12about a pump and you start seeing like
1:03:15imbalances light up on the ask of uh
1:03:17this fivem minute candle which is the
1:03:19right side of the candle like
1:03:23I'll zoom in.
1:03:26So if you start seeing imbalances pop up
1:03:29and we start pushing pretty hard that
1:03:31doesn't mean it take a long because you
1:03:32got to understand like
1:03:36if we're consolidating okay where are we
1:03:38consolidating? Well, realistically,
1:03:42we're consolidating from here
1:03:45to about right here.
1:03:51And the reason why it's up here, not the
1:03:52top of this candle, is because this is
1:03:53where all the volume's at right here.
1:03:56So, if you were to think of this as like
1:03:58a like a session volume profile, if you
1:04:01guys use that, you'll notice that this
1:04:03is a high volume node right here because
1:04:05this is where all the volume's
1:04:06happening. And these are low volume
1:04:08nodes because it's basically just
1:04:10one-sided.
1:04:18So if you were to think about this, if
1:04:20you were to think about price like as a
1:04:22scale, right, where you have like buyers
1:04:25and sellers right now, the scale is just
1:04:28kind of like teetering back and forth.
1:04:30You don't want to trade that. Whenever
1:04:32there's an imbalance and you know let's
1:04:34say this is sellers and sellers are
1:04:36heavier so price starts to move this way
1:04:38or buyers are heavier so price starts to
1:04:40move this way we want to trade that
1:04:43that's what happened in the morning
1:04:44pre-market and that's what happened at
1:04:47open but now we're we basically went
1:04:49like this and then like this and then
1:04:52now we're just like this you know that's
1:04:54the best way I could explain it I guess
1:04:56when we're like this
1:04:58nah we're not we're not going to touch
1:05:03until we start seeing some type of
1:05:07movement because
1:05:09the market's just going to go from
1:05:11balance to imbalance to balance to
1:05:13imbalance
1:05:17and we're trying to catch the imbalance
1:05:20and avoid the balance.
1:05:28Okay, so sellers are stepping in. So now
1:05:30they're making an actual attempt to move
1:05:32price lower. And we're going to see if
1:05:35they're going to be successful
1:05:37or if this was just like a failed
1:05:40attempt. But
1:05:42that is a lot of contracts for MQ. So
1:05:44that's 792 contracts. So now that this
1:05:47happened right here,
1:05:50it's really important what follows this
1:05:53big trade.
1:05:57This is a fivem minute time frame.
1:06:01So we have a large cluster of orders
1:06:03sitting right here which is these are
1:06:04basically like London lows right here.
1:06:07This is this area.
1:06:11So sellers are making a strong attempt
1:06:13to push down. We have a large selling
1:06:16order. We have negative 2,000 contracts
1:06:19on the delta for right now. There's
1:06:21still a minute left. So
1:06:25when this candle closes in like 45
1:06:27seconds,
1:06:29if it were to actually be going lower,
1:06:32you'd want to see basically this candle
1:06:35close past the large sell order
1:06:39and then for the next candle to open up
1:06:41and just start ripping down basically.
1:06:44And then I guess if you were trying to
1:06:46take a scalp like the target would be
1:06:48like 550. But
1:06:52again, like
1:06:56where where is your stop going to be? So
1:06:58if it needs I mean you can try and play
1:07:00it pretty aggressively and put like a
1:07:02stop loss right above the the big sell
1:07:04order, but
1:07:07if you put it up here, your riskreward
1:07:09is going to look [ __ ]
1:07:14All right. So,
1:07:17we're gonna see that is kind of like
1:07:21whatever. Like this close for this
1:07:23candle is kind of whatever
1:07:28because you have a large you have a
1:07:30large seller stepping in, right? And
1:07:32then
1:07:36where's the follow through? Is it going
1:07:38to come right now? Well, I guess we're
1:07:41going to see, but
1:07:52if this fails though and this starts to
1:07:55pop back up,
1:07:58it may actually just like fuel the move
1:08:00to the upside.
1:08:08simultaneous
1:08:12[Music]
1:08:14dimension of sound impossible to obtain
1:08:16a mon.
1:08:29But
1:08:33we'll see what it does.
1:08:41But if it does go attack these lows,
1:08:43it's going to realistically it's
1:08:45probably going to do it pretty quickly,
1:08:59but I'm not really looking for longs
1:09:01anymore
1:09:04Because earlier I said if we start
1:09:05closing below 580 I'm not looking for
1:09:07longs anymore. And that's basically what
1:09:08we just did.
1:09:20I mean, I'll look for longs if we start
1:09:22like getting back up here, but
1:09:25or at least back up here, but
1:09:34it may just be a sit on my hands type of
1:09:37day and take my $190 loss and we'll try
1:09:41again in the new year for the payout.
1:09:58But this is a
1:10:00this is a pretty good example of like
1:10:04when you see a big trade come in like
1:10:06this.
1:10:09That's why it's so important to
1:10:12basically watch what happens following
1:10:14that big order because
1:10:18that was kind of [ __ ] I mean, and
1:10:21792 contracts is a lot of contracts for
1:10:26for MNQ for an order. That's a lot. It
1:10:29basically cleared out a portion of the
1:10:30book. So
1:10:33the fact that there is no follow
1:10:34through,
1:10:37I mean if anyone tried to basically like
1:10:40I mean it may still go down but that was
1:10:44there was no continuation of that move
1:10:46yet.
1:10:59And then if we start coming up here,
1:11:01right, and we start moving further and
1:11:03further away from this large order, then
1:11:07potentially what can happen
1:11:10is it can start to actually fuel the
1:11:12move up.
1:11:15And then you'll start seeing it move
1:11:16actually pretty quickly up. If if this
1:11:18is just trap sellers and when they're
1:11:20getting out of their position, they got
1:11:22to buy it back and then they just buy
1:11:24back into this pressure.
1:11:32But that's what I'm usually usually what
1:11:33I'm looking at, right? I'm looking at a
1:11:35big trade and then I'm looking at what
1:11:39happens following the big trade. Is it
1:11:42going to fail? Is it going to continue?
1:11:45Or is it not going to do anything? And
1:11:47then something too is like there's
1:11:48context especially today knowing that
1:11:52big trades actually don't have that much
1:11:54weight as they usually do just because
1:11:57of it being the end of the year. And
1:12:00just understanding that like
1:12:03some of these are transactional and not
1:12:05directional like we were talking about
1:12:06earlier this morning
1:12:09in the sense of like institutions or
1:12:11large firms or even just like people
1:12:15doing um tax positioning or rebalancing
1:12:18their books or
1:12:22window dressing and stuff like that. So
1:12:26you got to kind of be extra careful with
1:12:29them today.
1:12:42But volume right now is also pretty low
1:12:44too.
1:12:469K 17K on this attempt to go lower and
1:12:49then 17K. Then it's going lower 12k and
1:12:53then now we're on this candle.
1:12:56Unless something happens right now. This
1:12:57candle is probably also going to be like
1:13:0012k
1:13:02unless some something happens. But
1:13:09let's look at the 15 minute time frame.
1:13:21All right. So, now that we're moving
1:13:22further and further away from this
1:13:24order, let's see if it starts to end the
1:13:2715 minutes creating a pretty long wick.
1:13:30Let's see if it starts to actually pick
1:13:31up some speed.
1:14:06And right now the PC of this 15-minute
1:14:09candle is sitting around 6 or 587
1:14:15588.
1:14:17So
1:14:24basically like
1:14:28right here.
1:14:30Actually, let's use a horizontal ray.
1:15:02here. I'm going to draw this back in
1:15:04here just for reference.
1:15:13This is our consolidation area.
1:15:21So for us realistically to break out of
1:15:23here higher, it's going to have to
1:15:27happen with like kind of a lot of
1:15:28aggression.
1:15:54There's about a minute left in this
1:15:5615-minute candle.
1:15:58It's going to be 10:30 a.m. P uh EST.
1:16:02So, we'll see how the 15 minute closes
1:16:05and the five minute closes. But
1:16:10doesn't look very uh convincing right
1:16:12now
1:16:15for for either direction honestly.
1:16:48And usually usually I stop trading
1:16:52by 11 11:30 Eastern time. So Pacific
1:16:59Standard Time like 8 8:30.
1:17:02Um, and there is a chance that we just
1:17:04do this for the remainder of the time.
1:17:08So that's okay.
1:17:13Hopefully not. Hopefully something
1:17:14happens so I can try and uh
1:17:22be green on the day. So the 15minute PC,
1:17:25the last candle is like right here.
1:17:30So, let's see if it's going to
1:17:33respect this
1:17:36and then just pop up or if we're just
1:17:39going to
1:17:41bounce around.
1:18:42All
1:18:55right. Well, that didn't do anything.
1:19:21All right. So, if this candle continues
1:19:22to go down a little bit more,
1:19:26it'll basically be the second attempt
1:19:29for this to break London lows or start
1:19:32heading towards London lows.
1:19:37And then we want to see if that attempt
1:19:39to go lower towards London lows is going
1:19:42to be successful
1:19:44or not.
1:19:48But volume is pretty low.
1:19:5217,000 17,000 12,000 13,000.
1:19:56We're in the no touch zone for me right
1:19:58now.
1:20:00So we wait.
1:20:52Dude, imagine
1:20:57imagine all the people just getting
1:20:58wrecked right now in this.
1:21:02Bunch of people probably try to go short
1:21:03right here.
1:21:05Bunch of people probably tried to go
1:21:07long or I went long and then had their
1:21:09stop at the lows, got taken out.
1:21:12And then if you're on a one minute chart
1:21:14and wherever you're trying to trade this
1:21:16right now, this looks nasty.
1:21:22Everyone who missed this and missed that
1:21:24and then they're like, "All right, I'm
1:21:25not missing this next move." And then we
1:21:27just start consolidating.
1:21:31The prop firm is probably
1:21:34made some good money.
1:21:52Or even like let's say you you did get
1:21:55into this trade and or you went short or
1:22:00long or whatever
1:22:03and you had your stop and the stop
1:22:05hasn't been hit. Well, now you're like
1:22:06stuck in this trade and it's been like
1:22:08almost an hour
1:22:12and who knows how long it's going to
1:22:13last cuz we're about to head closer to
1:22:15lunchtime.
1:22:32Sometimes
1:22:34Sometimes we literally just have to sit
1:22:36here and do nothing.
1:22:43All right, let's see. Let's see if the
1:22:46second attempt to start going lower is
1:22:48going to be successful or again if it's
1:22:51just going to probably push down here
1:22:53and then come back up.
1:23:10All
1:23:16right, while this is [ __ ] around,
1:23:17let's take a look at gold
1:23:22pump uh open
1:23:25or pre-market pump and then kind of not
1:23:28doing much.
1:23:40What's silver doing?
1:23:44Not much.
1:23:48This move on yesterday was crazy.
1:24:01Jeez.
1:24:04Thousand ticks on silver. Even with one
1:24:06micro, that's like $5,000.
1:24:46Damn. NQ. You going to do anything? Are
1:24:49we just going to or is this is how we're
1:24:52going to be
1:24:54just bullshitting?
1:25:26All right. So, here's the second attempt
1:25:27here.
1:25:29Second attempt to break the lows.
1:25:38Volume's kind of low though.
1:26:09If it does break past this area, then I
1:26:12would be imagining it's coming down here
1:26:15to clear this out on the book and take
1:26:19London lows basically.
1:26:22If it does come down here,
1:27:02All right. So, it's 5 minutes about to
1:27:04close right now.
1:27:06See what the We got one more fiveminute
1:27:09candle in this 15minute candle.
1:27:14>> All right, let's see if it's going to
1:27:15push now.
1:27:17See if some volume will actually pick up
1:27:19and we don't get past this PC and we
1:27:21just
1:27:36Because if it happens, I think it'll
1:27:38probably happen pretty quickly. It'll
1:27:40just like fall off a cliff basically.
1:29:24Man, this is terrible. Terrible.
1:29:29This is terrible right now.
1:29:33We'll see. We'll see in 2 and 1/2
1:29:36minutes if the 15-minute opens up and
1:29:38then drops it. Otherwise, like
1:29:47this is just like
1:29:51[ __ ]
1:30:05What does the one minute chart look
1:30:07like?
1:30:52That wick on the 4 hour is disgusting.
1:31:35I do think probably next month though.
1:31:38Um,
1:31:40we're going to come back up here at some
1:31:42point. This yellow line
1:31:45coming here at some point. I don't think
1:31:47we're going to get back below this low
1:31:48at 24880.
1:31:51I think before we do that, we're
1:31:52definitely going to finish whatever the
1:31:56retracement is into this leg,
1:31:59whether it stays in premium the whole
1:32:01time or if it actually does retrace into
1:32:03discount. But
1:32:08we should probably come up here.
1:32:12If it starts getting below here,
1:32:17it'll get interesting. I think probably
1:32:20get kind of volatile actually.
1:32:25All right. Anyways, let's see what this
1:32:26is doing right now.
1:32:29New 15 minute.
1:32:33Is it going to finally make its move
1:32:35down
1:32:42or is it going to pop right back up into
1:32:45the consolidation area?
1:32:59Sit down.
1:33:23All right. So far, it's been an hour
1:33:28of a whole lot of nothing.
1:33:32For all things considered, you know
1:33:34what?
1:33:36I'm kind of happy that I'm only down if
1:33:38for being down kind of happy I'm only
1:33:41down 200 bucks.
1:33:44on this account.
1:33:48I'm definitely not going to be trading
1:33:50this account today or this account
1:33:52today. And I'm already locked out of
1:33:54this account. So, we'll leave those for
1:33:56the new year.
1:33:58And if anything,
1:34:00I'm going to give it
1:34:03another 15 minutes. Maybe we'll see what
1:34:05the new hourly open does, but
1:34:08it's not looking too hot right now for
1:34:10any type of opportunities.
1:34:20And if you're trying to like
1:34:24if you're trying to force something in
1:34:26this [ __ ]
1:34:28just chill, dude.
1:34:31Just chill and enjoy uh New Year's Eve.
1:34:36Just go spend some time with some
1:34:38friends or some family.
1:34:40This is not
1:34:43>> optimal conditions to to try and trade.
1:35:04Look at the volume right now. It's below
1:35:0610,000 past 15 minutes.
1:35:10gonna potentially pass if it doesn't
1:35:12break right here past
1:35:1520 minutes
1:35:25and 10,000 contracts per five minute
1:35:27candle is like
1:35:30nothing
1:35:32on on MNQ on micros it's like Nothing.
1:36:21Let's see if some type of volume starts
1:36:23to pick up towards the end of this
1:36:24hourly candle here, the last 10 minutes
1:36:26of it, or at the beginning of the new
1:36:28hourly candle.
1:36:38I feel bad for uh Sadali. He was looking
1:36:42for shorts. He woke up into just a bunch
1:36:43of consolidation. You should have kept
1:36:45sleeping.
1:38:30Did anyone even take any trades after
1:38:32that drop
1:38:34that's watching this right now? There's
1:38:36like nothing for me to even talk about
1:38:38right now as far as price action goes
1:38:40because nothing is happening.
1:38:53But I think
1:38:56I guess we could since it's the end of
1:38:57the month, I'll tell you guys about my
1:38:59month then.
1:39:02So,
1:39:04this month wasn't the best month because
1:39:11I accidentally blew a little bit more
1:39:15evaluation accounts than I really wanted
1:39:17to.
1:39:19But, um,
1:39:21we're still net positive on the month,
1:39:23like a couple thousand bucks. Let me
1:39:25see.
1:39:32So, for this month,
1:39:35I did buy a bunch of accounts past
1:39:37couple days because I'm trying to like
1:39:39build up my funded accounts heading into
1:39:42the new year. So, we have about $4,800
1:39:45in payouts this month.
1:39:48And then um
1:39:50about $2,200 in fees and expenses as far
1:39:55as for like activation fees or eval.
1:40:01So we're net positive this month 2500
1:40:05before gross net before taxes. But
1:40:12for doing it for doing it like an hour
1:40:14and a half every morning, not too bad.
1:40:17But we definitely want to pump those
1:40:18numbers up next year. The month before
1:40:21was a little bit better.
1:40:23The month before we had about
1:40:27what is this
1:40:306,500 in payouts and 3,000 in fees. So
1:40:34it was like 3500.
1:40:36So, what I'm trying to do right now is
1:40:39heading into
1:40:41the new year for January,
1:40:44two of these accounts are pretty prime
1:40:47primed up for
1:40:51a payout. So, hopefully I can pull like
1:40:552500 to $3,000 or more out of them to
1:40:58start the month. So, we'll just
1:40:59immediately be net positive on the
1:41:01month. And then we got like four funded
1:41:05accounts right now on Topstep to work
1:41:06with.
1:41:08>> So maybe we won't have to spend that
1:41:10much money on fees. And then hopefully
1:41:13we'll be closer to like that
1:41:155,000
1:41:186,000 gross net for the month with the
1:41:21prop firms.
1:41:24And then we'll try and be a little bit
1:41:26more. I am net positive on the year with
1:41:28the firms which is good.
1:41:31So, I didn't basically wake up every
1:41:33morning just to lose money, but it's
1:41:35definitely not a lot. All right,
1:41:40let's see if uh we'll finally do
1:41:42something here. This will just start
1:41:45picking up and clear out these orders
1:41:47right here to take out the lows.
1:42:26Let's see if It
1:42:29stays below the PC and then just flips
1:42:31back to being bearish. And
1:42:34where would that even be? Like 75
1:42:38like 25 points basically.
1:42:42All right. There it goes.
1:42:44It's going to snap through all these
1:42:46orders right now.
1:42:52All right. Well, that took forever for
1:42:53that to happen.
1:43:07How far was that?
1:43:17Basically like 70 ticks.
1:43:29All right. So, basically at this point
1:43:31though, if we were to look at like a
1:43:33higher time frame,
1:43:37we're entering like this large area
1:43:39here. See this, I guess. Yeah.
1:43:45this area.
1:43:59Yeah, you're sitting in that the whole
1:44:01time. Hey, man. I'm happy it worked out
1:44:04for you, though.
1:44:10Yeah, that sucks. That sucks when you
1:44:12like the moment you enter a trade,
1:44:14right? It just starts to consolidate and
1:44:16you're stuck in it for like an hour or
1:44:20two. You must have been in that trade
1:44:22probably for like an hour.
1:44:26Yeah, it was disgusting.
1:44:29So, we're finally breaking out of that
1:44:31balanced area, though, so that's good.
1:44:32But we want to see where it goes. And um
1:44:38it's getting closer to uh
1:44:42lunch
1:44:44and still volume's still pretty low.
1:44:48We might like slowly come back up after
1:44:51we I mean I wonder how low we're
1:44:52actually going to go cuz
1:44:58there's kind of nothing market
1:45:01structure- wise for me in this area.
1:45:10It would be pretty interesting if it
1:45:11just started melting right now,
1:45:17but buyers really haven't been present
1:45:19like
1:45:21at all today.
1:45:26I mean, maybe right here, but not
1:45:27really.
1:45:33We tried. We tried right here, but they
1:45:35failed. So,
1:45:38but even then, like
1:45:41it's just pretty low volume. And
1:45:46now that we took the lows, like I guess
1:45:48we took the lows, right? So, we took
1:45:50London lows. Oh [ __ ]
1:45:58We took London lows and the new hourly
1:46:00candle is about to open right now. So,
1:46:02we'll see what
1:46:04actually ends up happening.
1:46:07We may just
1:46:12There is a possibility we actually don't
1:46:13really expand that much further down and
1:46:15we just kind of come back up here
1:46:19into the [ __ ]
1:46:24Unless this hourly candle opens up right
1:46:26now and then just
1:46:29starts really pushing it lower.
1:46:32But I guess we'll see in like 30
1:46:33seconds.
1:46:49If I wasn't down $200 on the day for
1:46:52this account that only needs one winning
1:46:54day for payout, I probably would have
1:46:55tried to scalp this. But the
1:46:58risk-to-reward on it would have been
1:46:59like
1:47:01pretty bad. And since I'm already in
1:47:04draw down, that's not really a trade
1:47:05that I'd want to take. If I was in
1:47:07profit already,
1:47:09I probably would have tried to scalp
1:47:10that.
1:47:14So, let's see what this uh hourly candle
1:47:16does.
1:47:22We'll see if it comes up here a little
1:47:24bit into this uh this area.
1:47:28We if if we're actually going to go
1:47:30lower, we don't actually want to see it
1:47:32see this come back up here.
1:47:36Four to 5K.
1:47:41That would have been nice.
1:47:43That would have been a nice end of the
1:47:45year trade, huh?
1:47:49Hey, but at the end of the day,
1:47:54at least you didn't lose uh
1:47:58at least you didn't lose the 2,300 that
1:48:00you said. I mean, break even is
1:48:01definitely um better than that.
1:48:05But yeah, that's what I was talking
1:48:06about earlier. Like this area probably
1:48:10would have [ __ ] up a lot of people,
1:48:14but at least it went in your direction.
1:48:16I mean, imagine you imagine you were
1:48:17sitting in this the whole time trying to
1:48:19take it along.
1:48:20You would have sat there staring at the
1:48:23screen for an hour getting stressed out
1:48:25for an hour just ultimately to lose your
1:48:28money and then
1:48:30that's it.
1:48:44Yeah, that would be pretty brutal. So,
1:48:46we'll see if we can actually get past
1:48:48this area right now where this large
1:48:49sell order was and the stacked
1:48:51imbalances to take London lows. If we
1:48:54can pop back above it, we may actually
1:48:55just come back into this range. If we
1:48:58stay below this area or last line of
1:49:00defense for shorts realistically would
1:49:03probably be this area
1:49:08from here to here.
1:49:11Then we would go lower. I just don't
1:49:13know where realistically the target
1:49:14would be if you were going to go lower.
1:49:17The only thing that I would do
1:49:18personally if I was trying to find a
1:49:19target is I'd probably just use a
1:49:21standard deviation because there's
1:49:25there's really like nothing to the left
1:49:30except I mean if you were to look at a
1:49:32you could probably use like a session
1:49:33volume profile for look looking for like
1:49:35a low volume node or high volume node.
1:49:43Actually, I'm kind of curious.
1:51:22Let's see.
1:51:30I'd be interested to see actually if
1:51:32this is going to hold or this is going
1:51:33to hold
1:51:36or if it's just going to run through it.
1:51:55Well, good thing I trade silver last
1:51:56night, so it wasn't a total waste of a
1:51:59day, I guess.
1:52:52All right. You know what?
1:52:55It's probably best if
1:52:59I just don't trade this today. We sat
1:53:02here. We gave it a chance for it to do
1:53:04something,
1:53:07but instead it did it straight off the
1:53:08open and pre-market. And then the moment
1:53:12that the move ended, we just slipped
1:53:16down slowly. Volume died out.
1:53:20We're getting closer to lunchtime and
1:53:22towards the end of the day of not the
1:53:25end of the day, but it's definitely
1:53:26towards the end of AM session of um
1:53:31the last day of the year.
1:53:36And also there's probably what like a
1:53:39lot of option contracts that are
1:53:41expiring today. So
1:53:44it's probably just kind of weird.
1:53:47Last night though, we did end up passing
1:53:50this account. We passed this account and
1:53:52we made a little bit of money on this
1:53:54account. I made like 1,400 and then I
1:53:58lost 300 of it. So we locked out with
1:54:001,100.
1:54:02Then I did try and make my 200 on the
1:54:04day for this account just to pull the
1:54:07payout.
1:54:09Entered in a long in this area when the
1:54:12PC was respected and it looked like we
1:54:14were coming back up, but I ended up
1:54:17getting kind of a shitty entry.
1:54:19Uh, and I got stopped out of that, but
1:54:21we realistically didn't lose that much
1:54:23money. So, $200 loss on the day is super
1:54:28manageable.
1:54:30I think it's probably the best idea to
1:54:32leave it at that because
1:54:34if the market is like not really doing
1:54:37anything right and um
1:54:41and there's no volume and we try and
1:54:43take a trade, we may be in that trade
1:54:46for a while. But not only that, if we
1:54:48lose that trade, then we're going to be
1:54:50further in draw down and
1:54:54it's unlikely that another opportunity
1:54:56would actually present itself with how
1:54:58the market's moving. So then
1:55:03I would basically just be stuck being
1:55:05further in draw down. Like if I'm going
1:55:07to take a trade and risk going further
1:55:09in draw down, I want there to be at
1:55:11least enough volume for me to
1:55:14if I don't hit my daily loss limit that
1:55:16I set for myself or if I don't hit, you
1:55:18know, like too much of a loss. I want
1:55:20there to at least be like an opportunity
1:55:23to try and take a nice winning trade.
1:55:27Otherwise, you're just going to end up
1:55:29in this cycle in a cycle where you're
1:55:31overtrading a bunch of [ __ ] low
1:55:33volume price action on the last day of
1:55:35the year, the last day of the month, and
1:55:38then you're just potentially going to
1:55:40blow an account taking a bunch of paper
1:55:42cut losses.
1:55:44So,
1:55:47I will be back on um
1:55:54maybe Friday, but I'll probably be back
1:55:56on Monday.
1:55:59If you guys want, join
1:56:03our Discord. It's free. We don't sell
1:56:05anything in there. Sometimes I do give
1:56:07away giveaway accounts, like 50k alpha
1:56:10futures accounts, so if you want to win
1:56:12one, sometimes we run giveaways. cuz we
1:56:14did one last week uh for two of those.
1:56:18And then um
1:56:22and then follow me on Twitter so that if
1:56:25I decide I'm going to stream at a random
1:56:27time or I decide I'm not going to stream
1:56:29that day, you'll know. But I usually
1:56:32come uh come on maybe like 20 minutes,
1:56:3515 minutes before market open. But I
1:56:37hope you guys have a great Christmas
1:56:39Eve. Spend some time away from the
1:56:41charts for a little bit. You shouldn't
1:56:42be sitting here wasting your day looking
1:56:44at this [ __ ] Next month is going to
1:56:46be better. Hopefully, next month is
1:56:49going to be better. But, uh, yeah, and
1:56:51stay safe tonight. So, I'll catch you
1:56:53guys technically next year. If you're
1:56:56going to trade the rest of the day,
1:56:58don't. But, if you are, be careful and
1:57:03good luck. See you later.

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