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1 trade 1 loss - PnL: -$2,058 | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 6,877 words · 1,125 segments · language en · Watch on YouTube

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0:08The goal today
0:11is just not to get smoked.
0:17Got caught in the chop yesterday.
0:20Caught in the chop.
0:41Dude, I'm almost at my uh
0:46I'm almost at 4,000 watch hours.
0:50I need like 30 more hours. Let's try and
0:53get them today.
1:20Oh, you know what I got to do real
1:21quick? I need to uh
1:28Where's this at system?
1:33You turn this off.
1:35[clears throat]
1:42London low. We already took London low.
1:44Is that what you're talking about? Like
1:45right here?
1:48And just rip higher.
1:53I actually still want to see us go down
1:54this week, but
1:57Oh, New York AM low down here. Yeah.
2:06Uh, previous daily low would be down
2:11here, right? Yeah.
2:14I want to um
2:18so what I'm I sent out the out the
2:20outlook in the discord but
2:23what I'm kind of watching for is like
2:29overall on a higher time frame I mean I
2:32would
2:33I would like kind of want to see us come
2:35down. Um, but
2:39so like yesterday when we were over
2:40here, I said that I was watching
2:43this area and I was seeing if we were
2:46going to basically turn around after we
2:48took the highs, which we did. And um,
2:53we made a lower low or a lower high
2:55during
2:59we made a lower high during London. So
3:02Oh.
3:04So, what I want to see is like or what
3:06I'm watching for this morning
3:09is basically like
3:13we did have a large move during London.
3:15So, there's a pretty good chance that
3:17we're potentially going to pop up above
3:20these highs and retrace into some of
3:22this move down.
3:25And then if we do that, if we do that,
3:28I'm going to be looking for us to kind
3:30of reach in a premium of this range and
3:32see if we can then at that point turn
3:34around. If we get above this area,
3:38we get above here, um, then I'm then
3:41expecting us to take London highs and
3:43then actually continue to then take
3:45previous daily highs. But
3:51that's what I'm going to be waiting to
3:52see. Um, and then there's also the event
3:55that we just,
3:57you know, maybe either drop straight off
4:00the open to take New York AM lows or we
4:04pop up and then drop down off the open
4:06and take New York AM lows. And then if
4:07we do that, then I'll be waiting and for
4:10us to take those lows.
4:12And then I'll be watching if we have
4:14sustained selling pressure. I'm
4:16basically going to be watching like this
4:17area around like 650 to see if we're
4:20going to catch any type of bounce. But
4:25we are um kind of inside of a range
4:29right now since uh last Thursday after
4:33we had the bigger drop.
4:36So, we're kind of like
4:39consolidating in here,
4:42but on a higher time frame, like I would
4:44like to realistically see us
4:47attack try and attack these lows again
4:52down here.
4:59But we got to I got to be careful today.
5:01I got wrecked yesterday. So,
5:05I have a feeling that
5:07and we don't really have any uh news
5:09today.
5:11We did earlier, but
5:14tomorrow we have PCE. So, I'm expecting
5:17potentially a bigger move tomorrow.
5:23And I just I need to be careful of
5:25potential like
5:28whip up, drop down, come back.
5:32And if the ATR is large enough, then I
5:35need to size down because
5:38I put some accounts in draw down
5:40yesterday
5:42when I took that L.
5:45I took like two shitty trades in a row.
5:47So, we're going to try not do that again
5:49today.
6:03But yeah, today is like not uh the which
6:06way I think the open is going to go is
6:07not as clear, but I would like to see it
6:10go higher first and then turn around.
6:11Like the most ideal situation for me
6:14today would be
6:17we came down, we swept this, we pump up
6:21off the open,
6:23and then somewhere in here,
6:27we turn around.
6:30That would be like the most ideal
6:32scenario
6:34that I would like to see.
6:43like somewhere up here.
6:47So, we'll just have to
6:50to wait,
6:58dude. And you know what's you know
6:59what's [ __ ] up about yesterday is like
7:02while we have some time, let me kind of
7:03talk about what happened yesterday.
7:06So
7:08yesterday,
7:12this is what I drew out pre-market.
7:14Okay. So,
7:17I I knew that
7:20once we took London lows and came into
7:22Asia and I mentioned it before um before
7:27market even opened yesterday that there
7:29was a potential that we would bounce to
7:30go take um the highs from
7:34last Friday, right?
7:37And we were when once we were in here,
7:39which is like uh
7:42an important area for me because this
7:44right here was the area that was going
7:46to decide whether or not um we were
7:48going to pop back up or just drop lower.
7:51When we were still deciding in that
7:53area, I tried to basically like
7:56anticipate and force it to go lower.
7:59And I got wrecked on that first trade.
8:01Like immediately went in the wrong
8:03direction. like [ __ ] 25 points when I
8:06shouldn't I should have waited to see
8:08what the reaction was out of here, not
8:11just take a trade in this area trying to
8:14I I was just kind of like,
8:17you know how like recently on NQ we've
8:19been having those days where we just
8:21like run and don't offer any type of
8:24entry and then we just like chop until
8:26lunch.
8:28I was trying I was having like FOMO
8:29where I didn't want to sit through that
8:31and then it ended up having me take a
8:33loss when we came into here. Even though
8:35my pre-market plan for this blue path
8:38was like spot on but I just didn't
8:40follow it. So
8:43kind of disappointed in that.
8:50But it's all right. It's a learning
8:53lesson. We'll see what we do here. But
8:54again, if you're just joining, an ideal
8:58scenario for me right now is I'd like to
9:00see us pump higher off the open and then
9:03I'm going to be looking somewhere over
9:05here for us to potentially turn around
9:08or if we get above this area,
9:12then I'm no longer looking for shorts at
9:14all.
9:15So, first we'll be looking for potential
9:17longs, then we'll get out of the longs
9:19if we can get an entry potential shorts.
9:23If we can't, if we just pump, then we're
9:26going to be ripping higher today. But I
9:28would like to see us on a higher time
9:31frame come down.
9:39So, we'll try and not
9:42be stupid today,
9:48but I'm going to
9:52I'm going to say if I lose 500 I got to
9:55stop.
9:59So what I might do
10:03is at the open I might um
10:09start with smaller size to just
10:12it depends. It depends what it's looking
10:14like but I may use smaller size today.
10:20The ATR recently has just been massive
10:24and I need to have proper stop losses.
10:40And then also just a heads up, I I do
10:42have to travel next week. So I won't
10:45really be able to live stream or like
10:47send daily outlooks next week, but at
10:49least until like Thursday. I'm going to
10:52be gone. I got to go to Florida
10:56from Saturday to Wednesday, but I'll be
10:59back like Wednesday night. So
11:04I will be MIA, but I will be uh trading
11:07from my phone here and there if I can.
11:10Yeah, I'm sorry, dude. I gotta I got to
11:12travel for business and then um I'll be
11:16back. So, I won't have my setup and
11:21it's better if I don't trade.
11:25And because I'm not going to trade,
11:26watch next week be like fire price
11:29action.
11:37What I'll probably do next week, like
11:39Monday, Tuesday, and Wednesday morning,
11:42is I'll probably just like
11:45bring my iPad, trade from my phone, and
11:48just not copy trade any of my accounts
11:50really, and just only trade this um
11:54this account and try and get
11:57the winning days for it to take a payout
11:59because I think
12:02we're on the ninth payout cycle of this
12:05account now, which is kind of crazy.
12:07But um
12:10if I get $200 days and I don't lose,
12:13then one, two, three, I should be able
12:18to take a payout by next Tuesday or
12:20Wednesday while I'm on my trip
12:23if everything goes well. Otherwise, I'll
12:24just take it when I get back.
12:36But because I want to see us go higher
12:38at the open, um if we happen to like
12:41open up, snap down, and then it starts
12:43to flip bullish, I might just uh try and
12:46follow that momentum to push us higher.
12:48And then if we
12:51if I'm able to get in somewhere around
12:53here, like if open rips down and then
12:56pops back up and I get in somewhere
12:57right here, then the moment that we take
13:01these highs or even just take these
13:03highs if we didn't before I get in, I'll
13:04probably move it to break even and see
13:06if I can let it ride for like
13:10100 points, maybe 75 to 100 points if we
13:14are going to go up.
13:22But that's only if it looks like we're
13:24going to uh
13:29start running
13:31because basically what I'm watching
13:33right now is consolidation
13:35take this
13:38higher low and then just rip
13:43into premium of and rebalance some of
13:46London's move down.
13:50But
13:52keep in mind though, higher time frame,
13:54I do want to see us go lower.
13:57I just feel like open's probably going
14:00to go up
14:03to at least the bare minimum probably
14:06take this high.
14:08the bare minimum.
14:18What up, elevation arrow?
14:29>> [laughter]
14:37>> Let's take a look here.
14:47All right.
15:08dude. And recently my trade sinker has
15:11been [ __ ] up.
15:13So I got to be I got to be careful.
15:25it like wasn't exiting trades and
15:27leaving accounts like leaving rogue
15:29trades and [ __ ]
15:36So, every time I like get out of a
15:37trade, I'm going to need to
15:40be a little careful in terms of like I
15:42gotta
15:44open this up and like make sure I'm
15:46flat.
15:49so I don't accidentally blow an account.
16:05Yeah, I do giveaways. Um
16:09I usually give away alpha future
16:11accounts, but we haven't done one in
16:14like a couple weeks. But what I am going
16:16to do is uh our discord is like which
16:19for right now it's a free discord but
16:23like
16:24we're at 950 members. So if we can get
16:27to over a thousand I think I'll do a
16:29giveaway at 1,000 members and um
16:33give away a bunch of accounts.
16:37But where we do the giveaways is in the
16:38Discord. So if you want to try and never
16:40win a giveaway then join the Discord. We
16:43used to do them more often, but
16:49slowed down a little bit, but I'll I'll
16:50try and keep doing giveaways.
16:57And also speaking about Alpha Futures,
16:59apparently coming up here pretty soon in
17:01like the next uh couple weeks, they
17:03should be releasing their new platform.
17:05So, I would be interested to check that
17:06out. This is kind of a um this is
17:10changing how I'm thinking about the open
17:12right now, by the the way that this
17:135minute candle before opens
17:16um
17:18printing right now
17:26cuz when we were up here obviously I
17:28wanted to see us go higher but when
17:29we're seeing this push right now back
17:31into this range and then if there's a
17:35potential that we actually
17:37actually have to wait
17:42uh Discord link. Yeah, sure. I'll put it
17:44in the I'll pin it in the chat this
17:46morning.
18:03So, we have a minute until open, but due
18:05to the fact that this candle is doing
18:07this, I'm actually going to wait.
18:12there's a chance that we like snap down
18:16or we actually just continue or we snap
18:18down and go like this or pull some
18:21[ __ ] like we did yesterday. So, I
18:23don't want to um get wrecked doing that
18:26again.
18:28Losing the same way two days in a row
18:30would [ __ ] suck.
18:40Because look how this 15 minutes about
18:42to close, too.
18:45[snorts]
18:46So, it's making me less inclined for
18:49longs off the open. Unless we wick down
18:54and we start flipping bullish, we start
18:57getting closer up here
19:00when the first fivem minute candle
19:01closes. We'll see. But let's see what
19:04happens.
19:08Yeah, I would I want to see it like like
19:10I said, the most ideal scenario is I
19:12would like to see us push higher and
19:14then come down, but I just have to be
19:18prepared
19:23for either scenario because we're we're
19:25kind of like chopping right now.
19:28Not chopping but consolidating.
19:44If we can get some strong selling
19:45pressure here and it sustains and it
19:48doesn't just start whiplashing, then uh
19:52might try and take it higher. But the
19:55only issue is because we open down here,
19:56it's like [ __ ] dude. My stop's going to
19:58have to be pretty big, like 50 points,
20:02which is kind of brutal,
20:07but I think I'm going to actually
20:12take the longs right here. Looks like
20:14we're pushing. So,
20:17my stop Oh, you can't see it. My bad. My
20:19stop's going to be down here. But if we
20:22fail to push higher and just snap back
20:24right now, I'll just take the L on it.
20:27But I would like to see us go higher.
20:31I'll risk like I'm going in three
20:33micros. So I'm going light size because
20:35it requires a big ass stop loss and
20:39I'll risk 250 and we're going to get
20:40wrecked right now. Whatever.
20:47That was nasty.
20:56It's not looking good though because
20:58every time we push up aggressively,
21:00we're just like snapping back down.
21:08If we push higher and take these highs
21:10though, I'm going to move it to break
21:11even if we can get up there.
21:28Yeah, we're struggling to push past
21:30that.
21:48I have a massive stop too. Like this
21:50thing is
21:5342 points.
22:02So, it's a good thing I went in three
22:03micros because worst case I lose 250.
22:06We'll just take another trade.
22:09We'll wait.
22:18But I'm okay with that.
22:25I was expecting it to just uh
22:28start running, but
22:30and it might still do it, but
22:34it is what it is. I gave it a shot, but
22:36we got stopped out.
22:53So,
22:55I'm down 250 on all my accounts
22:58basically.
23:00If I lose another trade, I'm just going
23:02to have to stop again and then like
23:06we'll just basically have lost two days
23:08in a row. But it's all right.
23:25It may be a good idea for me to at this
23:28point wait till we get out of this area.
24:11It's a nasty wick on the five minute.
24:34Definitely doesn't really look good
24:36[clears throat] for the longs.
24:38Probably start seeing if we make our run
24:41lower.
24:50Scale the price in the NQ chart. What do
24:52you mean?
25:09Oh
25:11yeah, I use um on my scale I use uh two
25:18two ticks per level,
25:24but yeah, I mean I could like I could do
25:26uh a point a
25:35which is actually, yeah, that's actually
25:36a good idea since volatility's been
25:38higher recently. It's probably a good
25:39idea I increase the scale a little bit.
26:54I think it's probably a good idea that I
26:55just wait. I have a I'm like
27:00I'm getting deja vu of yesterday. So,
27:03I'm just gonna
27:06let me just chill for a second. I'll
27:09wait for it to actually pick a
27:10direction. Then we'll look to make a
27:12decision.
27:31But I'm okay with um
27:35the first trade I took. I'm all right
27:37with that loss. It wasn't like
27:39yesterday's loss where that one was like
27:44That one was just like kind of forcing
27:46it in a spot that I shouldn't have been
27:47doing it. Like
27:50we had selling pressure come in. It
27:52looked decent. I wanted us to go higher
27:54first before we actually went lower. I
27:56use small size and then
28:00it just couldn't have any follow
28:01through.
28:04I just it is what it is.
28:07Although it was a little close to the
28:09open, but
28:11the problem is is like in the past
28:15I usually don't trade the open. Like I
28:17usually wait a little bit. But I don't
28:19know what it is, dude. recently like NQ
28:24and it hasn't really been happening
28:26yesterday or today, but recently what NQ
28:28has been doing is like straight off the
28:31open it just [ __ ] runs and it doesn't
28:34offer a single uh pullback and then it
28:37just like finds a spot to find balance
28:40and it just like chops or like
28:41consolidates until like the PM session.
28:46So, so then like recently I've been over
28:48here
28:51I guess FOMOing into uh trying to catch
28:55like the move of the morning, right? And
28:59it just like kind of [ __ ] me yesterday
29:00and it [ __ ] me this morning, but it's
29:02okay.
29:20I don't want to. My what I'm thinking
29:23right now is like
29:27I think it's a good idea if I wait till
29:29we come down here if we are going to or
29:32if we're going to pop up. I'm going to
29:33wait till we're like all the way up here
29:35before I consider making a decision.
29:41at least give myself a chance because if
29:44I lose another trade,
29:48I'm done.
30:00I just got to uh protect myself mentally
30:03because I'm coming off of like a really
30:05long win streak.
30:07So, I need to make sure that, you know,
30:10I lost yesterday
30:12and then I hop on this morning, take a
30:13trade, lose.
30:15I need to be careful that I don't put
30:17myself in a situation where I could like
30:19tilt. You know what I mean?
30:26Especially when price isn't very
30:28directional. Right now, it's kind of
30:29just
30:31indecisive.
31:31We'll see if these uh sellers can just
31:33push past this area and come down here
31:35to take this.
31:52Or if we're going to just
31:56[ __ ] for a
32:18And right now I'm copy trading uh like
32:20eight accounts. So that's why
32:23I'm down 250. But it shows I'm down like
32:26two grand [snorts]
32:35and like three of them three of them are
32:36evals. Five of them are funded accounts.
32:47I should be actually trying to scale
32:49harder on um evals heading towards the
32:52end of the month here because I have a
32:54bunch of profits from payouts that I can
32:58use to scale.
33:04I'll probably do that
33:07next week, but I'm not I'm going to be
33:09gone next week, so
33:12I don't know. I'll probably just
33:14I should be get I should be getting that
33:16payout from top today. So like in my
33:20wise account.
33:22So I'll probably just use that and buy
33:23some more accounts
33:26and then copy trade [ __ ] to it.
33:31All right. Are we going to come up now?
33:36I'm going to wait until we get out of
33:38here. I want to see this. I want to see
33:40buyers keep stepping in
33:44and continue the pressure for follow
33:46through. And then we're going to be
33:48looking to see if we can catch an entry.
33:49Right here though is like uh
33:52in the middle of this area is going to
33:54be kind of like a no a no touch zone for
33:57me. Although
34:00the only issue again is like, okay,
34:04here we are in a
34:08100 point area. Where are you going to
34:11put your stop
34:15without having to trade the trading in
34:18like potential consolidation area?
34:22So, we're going to wait
34:34We'll just wait for it to get out of
34:35here.
35:17[ __ ] massive fivem minute candle.
35:42There's probably a bunch of people who
35:44like
35:46when the ATR is this large are just
35:48getting wrecked
35:58just like not sizing down. Like this is
36:00like I feel like it's probably a good
36:02idea when we're doing this type of stuff
36:04to like size down.
36:34Yeah. Yeah. Z like when uh the ATR is
36:37like really large like
36:43you got to size down.
36:53What up, Larry?
37:25Oh, nice.
37:27Yeah, I'm just waiting right now. Before
37:29you joined, um I tried to go long at the
37:31open and got stopped out. Now we're just
37:33um
37:35I'm waiting for us to pick a direction
37:38or to get out of this initial area.
37:43What's going on with gold? I don't know.
38:01Man, what a nasty candle.
38:20seller just can't get past here to take
38:22this out.
38:36Amen.
39:41Look at the 15-minute wick. Nasty.
39:47We'll see if we can actually get some
39:49type of follow through here.
40:01And we have 10 minutes until the 4 hour
40:03open. So,
40:05may be a good idea to wait to see how
40:07this hourly is going to close.
40:46Well, in the meantime, while we're
40:47waiting for this to do something, has
40:50anyone has anyone tried to use uh
40:52Tradeifies like crypto crypto trading? I
40:56saw the saw they were doing that
41:01like perpetual futures.
41:06Larry, I trade MNQ right now because
41:08volatility has been really high. So,
41:10like I've been just using micros,
41:14but it if volatility is not like super
41:16high sometimes and depending on the
41:17account like yeah, I have enough balance
41:20in this account to actually use minis,
41:22but I'm copy trading a bunch of other
41:24accounts that don't have the same type
41:26of balance. So,
41:36hourly is flipping bullish.
41:39We may be getting that push through now,
41:41but
41:45I'm going to wait for this five minute
41:46to close and hope that it doesn't just
41:48rock it up the next two minutes.
42:05Cuz
42:19if we could catch an entry around this
42:21area when it makes sense to do it to uh
42:23for at least to me it to make sense to
42:25do it to go long. We could probably go
42:27for like a 100 points
42:33as long as it just like gives me the
42:36opportunity and I don't have to try and
42:39force it. The only problem is like [ __ ]
42:40dude,
42:42why are we going to we got to try and
42:44catch a pretty good entry so that we
42:46have some room because
42:50it's just huge. It's a big ass area.
43:14All
43:28right, let's see how this five minute is
43:30going to close.
43:35Hopefully we don't just
43:37come back into the middle of this
43:39[ __ ] again.
44:29Yeah, today is looking kind of
44:34tricky for me.
44:41But you know what this is potentially
44:42setting up for is going to be a good day
44:44tomorrow.
44:47Especially with PCE.
44:51We're probably going to snap through
44:52this right now.
44:57There's just like
45:00not an entry for me.
46:09and plus the idea was that the idea was
46:12to try and catch along before we
46:14actually popped up into this area.
46:20So now that like we're already in this
46:22area, we're like approaching this area
46:24like in here
46:29like
46:35like yes, there's still room to the
46:36upside, but it's just like
46:40I may just have to like
46:44sit this one out
46:47if it's not going to offer me an
46:49opportunity.
47:19Goes like this here. Let me show you.
47:22This is what I sent in the Discord this
47:25morning
47:27where this blue path where we basically
47:30potentially um take these lows and then
47:33start popping up into this area. But
47:39I got to wait.
47:41Oh,
48:09we have you said you we have news right
48:12What type of news?
48:16Oh, it doesn't matter.
48:20Pending home sales
48:24and
48:27Eurozone consumer confidence flash.
48:30That's probably
48:32I feel like what's more important is
48:33that it's going to be the 4 hour open.
48:40This is pretty gross right now.
48:49If we do that,
48:51I might even just like
48:55I might even just like just take my $250
48:59L on the day.
49:07um
49:10refreshing.
49:11I don't know. I mean, it depends. I
49:13mean, it's an indicator. So, like you
49:15have your settings for it. So, whatever
49:18you put your settings on. Some people
49:19use auto filter.
49:22And um if you have auto filter on, then
49:26it's going to
49:28adjust as
49:32we move further into New York open
49:40if that makes sense. It's probably
49:42because you have auto filter on. If you
49:43don't then and that's happening then I
49:45don't know why.
50:07It's weird.
50:12Like you'll see you're saying that
50:14you'll see the bubbles or whatever you
50:16have it as and then you refresh and then
50:20[clears throat] they're just like gone
50:21and it's different ones.
50:25I don't think I've ever had that happen
50:26before.
51:01hourly closed.
51:06Oh, more bubbles.
51:13I don't know.
51:18Yeah, elevation area. I mean, like like
51:21I said, I did want to see it go up
51:23before we actually make a strong move
51:26down. It's just been kind of um like a
51:30weird delivery for me where I can't
51:34really I tried at the open, but none of
51:37this is like
51:39I mean I was considering taking a long
51:42once this candle flipped bullish but I
51:44just decided to wait because
51:51it's just like
51:55just looks weird to me.
51:59Even though we may just continue
52:01delivering further higher until at least
52:04like
52:05you're talking about a 15
52:08up here or up here
52:13cuz I would like to see us move into
52:14premium up here.
52:29It's like [ __ ] dude. Look at this [ __ ]
52:32It's like a 70.5 minute candle.
52:54Well,
52:57we got to sit on the sidelines for that
52:59one,
53:04which is a bummer, but it's
53:424hour high
53:45up here
53:47like London highs.
53:54I'm I'm watching this area to see if
53:57we're going to continue through it or
53:59turn around up here.
54:10I need to make sure I'm flat.
54:13I forgot to do that. [ __ ] dude.
54:16Okay,
54:18we're chill.
54:50Nice.
54:52Pass some evas. Let's go. Yeah, I'm kind
54:55of uh more passive right now
54:59with how this is uh playing out.
55:07Just got to remind myself that
55:10there's always tomorrow. But I'm going
55:13to sit here and I'm going to wait to see
55:15if
55:16something changes or an opportunity
55:19comes up that I can take advantage of.
55:21But I just don't really want to
55:25force anything when we're moving like
55:27this right now.
55:30especially
55:39after we were kind of moving like this a
55:41little bit yesterday before we had that
55:44blastoff and then I just um took L and
55:47then I just don't want to repeat the
55:48same thing today
55:51unless it really makes sense for me to
55:52take a trade then I'll take it but we'll
55:55just Right.
58:32I'm actually going to increase this
58:33right now.
58:35It's starting to look kind of messy.
1:00:52Damn. Just got to sit here.
1:01:44I'm going to see how this 15 minutes
1:01:46going to close.
1:01:58You took shorts elevation error or did
1:02:02are you saying it hit you out right now
1:02:04and you're in long?
1:02:08Oh.
1:02:21Yeah.
1:02:23I mean, like
1:02:30there could be some good moves later
1:02:31today, like maybe even during lunch
1:02:33potentially, but probably PM session.
1:02:35But like right now, um
1:02:39I'm forced to just kind of like sit on
1:02:42my hands because
1:02:47this type of price action like is the
1:02:50type of price action
1:02:52that I'll usually take L's trying to
1:02:55trade. So that's why I'm just like
1:02:57sitting here waiting for it to I'm
1:02:59waiting to see if it's going to do
1:03:00something else. Like if we're going to
1:03:01pick up speed, if we're going to force
1:03:04participation and then actually go
1:03:06somewhere or if we're just going to
1:03:10have a bunch of transactional large
1:03:12orders in a 100 point range,
1:03:18150 point range, and then just like snap
1:03:20around with a huge ass ATR. It's like I
1:03:23can't really trade that. Especially
1:03:27since I'm already in draw down. Like I
1:03:29already lost one trade. So it just
1:03:31wouldn't be a smart decision to
1:03:37to force something unless something
1:03:38looks pretty good to me then. But I I do
1:03:41have a time limit for myself. So I
1:03:43usually stop trading like um
1:03:47and like 45 minutes is like a hard stop.
1:03:49But I'll try and stop before then.
1:04:35Yeah. You taking any trades
1:04:38today for mama's sake?
1:04:51I tried to go long off the open and then
1:04:53once we started uh moving like we are
1:04:56right now, I've just been sitting here
1:04:59just waiting.
1:05:01Nice.
1:05:08There were a couple areas that like I
1:05:10was uh considering trying to take
1:05:12another long, but I decided against it
1:05:14because
1:05:17I just didn't want to go out the same
1:05:19way I went out yesterday. I'd rather
1:05:21just I I'm I'm more okay with like
1:05:26being right on the analysis and and lo
1:05:29and like not taking the trade than I am
1:05:31like trying to take a trade already in
1:05:33draw down. make my draw down worse and
1:05:35then put myself in a position where now
1:05:37I like feel uncomfortable because I just
1:05:40took stupid ass trades like I did
1:05:41yesterday. Uh I do trade gold but um
1:05:50I was trading gold all of October,
1:05:52pretty much all of November, all of
1:05:54December. Um, and then after we had that
1:05:57large drop down, I I and we started
1:06:02started this this [ __ ] I really haven't
1:06:05been touching it since. I haven't traded
1:06:07gold since it's been in this area. After
1:06:09this drop came, I just stopped trading
1:06:12it.
1:06:18Yeah, exactly. you better just
1:06:21stay off
1:06:23cuz at the end of the day
1:06:27the the main goal over all else is just
1:06:29like
1:06:33don't don't [ __ ]
1:06:37dig a fat ass hole for yourself in
1:06:39conditions that shouldn't even be like
1:06:42you shouldn't even be trading them like
1:06:43I know I shouldn't really be trading
1:06:45this so I'm just not going to do it
1:06:48unless unless something changes because
1:06:50it could always change.
1:06:53Delivery can start changing, speed can
1:06:54pick up, but as of right now, it's like,
1:07:00yeah, it is it is changing a little bit.
1:07:02It's becoming a little bit more stable.
1:07:04But before when we were doing this this
1:07:06[ __ ]
1:07:08Oh, yeah. 70.5 minute candles.
1:07:13It's a good way to burn some money,
1:07:17burn some accounts.
1:07:20Yeah, same. I've been sticking with
1:07:22smaller size recently. Like recently
1:07:24I've I've been trading like three
1:07:26micros. Like I usually never do that,
1:07:34but it just it makes sense to do that.
1:07:36like last week and even the week before
1:07:39and then this week we've just had like
1:07:42um
1:07:44pretty large volatility where even if
1:07:46you are using small size like
1:07:50you can still you can always pyramid
1:07:52into a position or add to your winners.
1:07:54But it's just like when we're
1:07:56whiplashing and we have large candles,
1:07:59it's just like you got to protect
1:08:02yourself, dude. There's probably people
1:08:04out here who like just use, you know,
1:08:08static size every single time and then
1:08:10they're probably some people might be
1:08:12struggling right now the past couple
1:08:14weeks because they just refuse to lower
1:08:17size
1:08:21and then and then especially if you're
1:08:22the type of person who uses static size
1:08:25and a static uh stop-loss, like you're
1:08:28the type of guy who goes, "Yeah, I'm
1:08:31just I always go one mini and I always
1:08:33risk 25 points. Well, [ __ ] good luck
1:08:36with that when we're doing this, dude.
1:08:37Like, you're probably going to get
1:08:39wrecked.
1:08:46I don't believe in I don't believe in
1:08:49having
1:08:51static
1:08:55contract sizes or static draw down like
1:08:57that. I think it's I don't think it's
1:09:00the smart thing to do because market
1:09:01conditions change.
1:09:13And our job as a trader is basically to
1:09:15recognize when market conditions change
1:09:17and then adjust for it.
1:09:29Because you know you know you know what
1:09:30I would probably do if I was if this was
1:09:33like two years ago and I was trading if
1:09:35the ATR is really large on a five minute
1:09:38and I can't have my normal stop losses
1:09:40on a fivem minute then you know what I
1:09:42would do I'd probably drop down to like
1:09:43a one minute
1:09:45because I think that my stop losses
1:09:47would make more sense. Well they don't.
1:09:49I mean, I would just get wreck trading a
1:09:51one minute, especially because the one
1:09:53one minute candles are still like 25
1:09:54points,
1:09:56at least on the other days.
1:09:59I would have blown so many accounts.
1:10:20Sometimes though, like if the five
1:10:21minute's looking kind of nasty, I'll
1:10:23drop to a three minute, but that's like
1:10:24the lowest I'll go.
1:10:27And it's kind of rare that I do that. I
1:10:30usually just stick on the five minute
1:10:32and then I'm watching a 15-minute and a
1:10:34one hour
1:10:36for intraday decisions.
1:10:40It's just been kind of tough recently.
1:10:43Past couple weeks.
1:10:46Well, not really, but at least yesterday
1:10:48and today have been kind of tough for
1:10:49me.
1:11:07>> I think this is
1:11:11This might be my first
1:11:17kind of green this week, but like this
1:11:18week might be my first red week in like
1:11:25over two and a half months, like almost
1:11:28three months.
1:11:29I never had a red Oh, take that back.
1:11:33I had a red week of minus $108.
1:11:36uh December
1:11:38at towards the end of December.
1:11:44[snorts]
1:11:49You're on your last eval.
1:11:54Well, don't put all that pressure on
1:11:55yourself, dude.
1:11:58If you tell I mean, I'm sure you're
1:11:59probably joking, but like if you tell
1:12:01yourself that [laughter]
1:12:03this is going to be tough.
1:12:13I really haven't purchased that many
1:12:14evals this month.
1:12:16I got I got to buy a bunch of them
1:12:19probably later today and just start full
1:12:21porting them.
1:12:36But some calculated full ports, not just
1:12:38like reckless full ports,
1:12:41but nonetheless
1:12:43full port.
1:13:01Yeah, we're This is uh
1:13:05I would say this is pretty [ __ ]
1:13:06right now. So,
1:13:09we'll sit here for like 20 minutes.
1:13:11We'll see if anything changes,
1:13:16maybe 30 minutes.
1:13:19And if nothing changes, then
1:13:24it's better to save our capital for
1:13:25tomorrow.
1:13:34And I'll just take my $250 L on all
1:13:38eight of my accounts.
1:13:40All right, I'll see you tomorrow.
1:13:43I'll just take my $250 L
1:13:49and we'll just try and do better. But
1:14:00it is what it is.
1:14:10Peace, Richard.
1:14:16Yeah. And if any of you guys are in draw
1:14:18down, like
1:14:21you're trying to make your money back
1:14:23right now on this, like
1:14:26be careful.
1:14:28Be careful trying to do that. [snorts]
1:14:34You have a high chance chance of making
1:14:36it worse.
1:15:57Yo, Eddie, are you trading today? You
1:15:59taking any trades today?
1:16:08Yeah.
1:16:15Choosy said he got fried.
1:16:18[snorts] Hopefully it wasn't that bad.
1:16:22I'm sure a lot of people got smoked
1:16:24trying to trade this.
1:16:58Oh, did ES take previous? Uh,
1:17:02they took New York AM.
1:17:22Yeah, I don't really look at ES.
1:17:24Although I probably should, but I don't
1:17:28really look at it.
1:17:52This looks disgusting.
1:17:58Where is this?
1:18:018.97.
1:18:08For all three of these 15-minute
1:18:10candles, the PC's are all sitting right
1:18:12here, right around here.
1:18:21I want to I want to see how this 15
1:18:23minutes going to close. See if we can
1:18:28find an opportunity
1:18:33without forcing it, but
1:18:50is gold running right now?
1:18:53O It is.
1:18:56How big is this move?
1:18:59Oh, decent.
1:19:01What about silver?
1:19:05That looks Look at this. That looks
1:19:06disgusting. Oh, hold on. Let me see
1:19:08what's happening.
1:19:53If this candle rips up, I want to see
1:19:55what it's going to do right around here
1:19:57around 8.97. If it comes higher again.
1:20:15All right. So, I want to see what it's
1:20:16going to do right here. That happened
1:20:18pretty quickly.
1:20:38All right, we're breaking past it.
1:20:48See if we can close past it, though.
1:20:53make one more push to the upside. But
1:20:56this is nasty.
1:20:58This is nasty.
1:21:02Or if we're going to just make another
1:21:04wick on the 15 and then come all the way
1:21:07back down again.
1:21:30How big is this candle?
1:21:34[snorts] 66 points.
1:22:25I'm contemplating trying to take a long,
1:22:28but we're chopping.
1:22:45We'll see if we can make another push.
1:22:47But um
1:22:54yeah, if we lose this trade, I'm just
1:22:56going to be done. After we get if we can
1:22:59get past this area, I'm just going to
1:23:01move it to break even
1:23:03if we could take these orders.
1:23:10This is just like I think if we can
1:23:12actually get past this um
1:23:16we should be okay. But this area right
1:23:19here is just kind of sketchy. But it's
1:23:20okay.
1:23:29Of course. Well, I'm glad you're uh
1:23:32glad you're learning.
1:23:41That's awesome.
1:23:51All
1:24:05right, we're stalling out right here
1:24:07with the new five minutes opening. I'm
1:24:09Oh, shoot. I'm on a three minute. Okay.
1:24:16Uh I don't want this to
1:24:36Where's the P of this
1:24:43901?
1:24:48We'll tighten the stop a little bit.
1:24:51Oh, [ __ ] great.
1:24:57I was considering moving my stop to
1:24:59break even when we started to stall
1:25:01right here, but I wanted to wait a
1:25:02second. That's all right.
1:25:17So, if I lose this trade, I'll be down
1:25:18like 400
1:25:2220 bucks on the day. Oh [ __ ]
1:25:27And then it'll be backtoback days that
1:25:29we took a L. But
1:25:34yeah, I know. I thought I was trying to
1:25:36anticipate uh I tried getting in before
1:25:40the before it would like break higher,
1:25:42but
1:25:45like if I'm anticipating that I need to
1:25:47move the stop to break even faster, I
1:25:49just like hesitated on it and I'm going
1:25:51to get taken out of it.
1:25:58Just get caught in some chop.
1:26:49Well,
1:26:54we went from a 28
1:26:58day or 29 day win streak or something
1:27:01like that
1:27:03to potentially a two-day losing streak.
1:27:14It's fine as long as we keep the losses
1:27:16manageable.
1:27:19If this candle flips bullish, I'm moving
1:27:21it to break even immediately.
1:28:23N [ __ ] this trade, dude. What the [ __ ]
1:28:25This shit's not moving.
1:28:33I'm not gonna
1:28:36sit here and
1:28:39even [ __ ] mess with that [ __ ] dude.
1:28:41That [ __ ] looked nasty.
1:28:48So,
1:28:50I'll just get out of it. I don't even
1:28:53care if I got out of it and it's still
1:28:55going to run because
1:28:58I'm still looking to to see if we're
1:29:00actually going to turn around like up
1:29:01here if we do keep going higher. But
1:29:05I'd rather just get out of it,
1:29:07especially before the five minute opened
1:29:09up right now.
1:29:14At least I saved myself Well, we'll see
1:29:17because my stop was right below this PC.
1:29:19So, we'll see if I saved myself 180
1:29:21bucks or not,
1:29:23but which times eight. So, I probably
1:29:27would have been down like
1:29:31on the trade sinker like
1:29:34I don't know like 3,600 bucks or
1:29:36something.
1:29:47But I'm done. I'm done. I'm not going to
1:29:49trade anymore. I'm not going to trade
1:29:50this [ __ ] I just want to see what it
1:29:51would it would have done.
1:29:55It's just better if I
1:29:58I would be pretty upset with myself if I
1:30:00lost more money trading this. I probably
1:30:01shouldn't have never taken that trade
1:30:03anyways.
1:30:05So, I got kind of lucky.
1:30:12I just thought we were going to break
1:30:13past it.
1:32:24Well, I hope tomorrow
1:32:27will be better.
1:32:35I would imagine if we remain to if we
1:32:39remain like bullshitting today,
1:32:43we kind of stay in this area
1:32:48somewhere around here.
1:32:50I'd be hoping that Friday makes a decent
1:32:53move,
1:32:56but maybe not. We'll just have to see.
1:32:59But today is definitely just
1:33:02Not the day to try and press the gas on
1:33:04anything,
1:33:10at least for the A.M. session, and
1:33:11that's the only session I trade. So,
1:33:43The new 15 minutes going to open now.
1:33:47Just looks nasty.
1:33:53What does the one minute look like?
1:35:38All right. Well, honestly, this is like
1:35:39a waste of time sitting here watching
1:35:41this. So, just a quick recap. What I
1:35:45wanted to see at open was I did want to
1:35:46see us go higher first before we drop
1:35:48down. I wanted to see us go higher first
1:35:51before we drop down.
1:35:53Um,
1:35:55we ended up coming down first and taking
1:35:57this.
1:35:59I tried to go long at the open and I was
1:36:02going to move stop once we broke the
1:36:03highs and try and let it ride up here,
1:36:05but that didn't happen. got stopped out
1:36:09and then we just kind of watched it chop
1:36:12around and then I try to go long over
1:36:13here at least targeting up here and I
1:36:18just didn't want to sit in it because
1:36:20this is nasty and I would still be in it
1:36:22right now if I didn't get out of it and
1:36:25it may work out it may not work out
1:36:27really I really don't care.
1:36:30So I'm down $250
1:36:33across eight accounts.
1:36:37I'll just [ __ ] take the L because I
1:36:40definitely can't I don't feel
1:36:42comfortable trying to make it back right
1:36:43now with this price action. So, I will
1:36:46be back tomorrow.
1:36:49And if you are going to trade, then just
1:36:53be careful trading this because this is
1:36:56disgusting.
1:36:59All right, peace. I'll catch you guys
1:37:00next time.

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