$1400 payout today |🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
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- 0:27[cough]
- 0:30Damn, that's crazy.
- 0:45Damn, son.
- 0:49That's crazy.
- 0:57My computer's tripping right now.
- 1:01So anyways,
- 1:06my bad for that. Realistically, there
- 1:09was an opportunity to go long, but I was
- 1:11trying to fix all this [Â __Â ]
- 1:18The problem is is that I'm trying to
- 1:21stream and run all this [Â __Â ] on my
- 1:23laptop. This is like on a laptop right
- 1:25now. And also, I'm powering four
- 1:27monitors off of my laptop. So, every
- 1:28once in a while when I'm trying to
- 1:31stream, my computer just freaks the [Â __Â ]
- 1:34out.
- 1:36So, I had to end the stream.
- 1:38Um,
- 1:4124,900.
- 1:43I mean,
- 1:46do I think that's going to happen today?
- 1:48Probably not. Is it possible? Maybe.
- 1:53But I am kind of bummed because um
- 1:56this was an area to go long uh for the
- 1:59continuation of 500, but I was over here
- 2:02fumbling around with my computer trying
- 2:04to make it work.
- 2:07I had to like close everything and
- 2:10reopen it. um which is kind of a pain in
- 2:13the ass because
- 2:17that was a perfect opportunity and we're
- 2:19having buying pressure come in.
- 2:23So, little bit of technical difficulties
- 2:28causing us to miss an opportunity,
- 2:32but it's okay.
- 2:35I wanted to go long and it's funny
- 2:37because I had the chart up. I'm like
- 2:38restarting all my [Â __Â ] and I see price
- 2:42coming into here and I wanted to take a
- 2:44long to have a continuation up to 500
- 2:47but uh
- 2:53got to fix the stream
- 2:57but we'll find something else here
- 2:59today. We'll let this run. It's probably
- 3:01I'm anticipating it to take out 500 and
- 3:04uh 508.
- 3:08Yeah, not too worried. There is a lot of
- 3:11buying pressure. So, if you are in the
- 3:13longs, just hold it.
- 3:16Man, that would have been a nice one.
- 3:19Could have been an easy 100 points.
- 3:23But [Â __Â ] happens. And that's why
- 3:27realistically I should look into buying
- 3:29a desktop,
- 3:35which I will do. I think next year I'm
- 3:37going to get a desktop, a powerful one.
- 3:39I mean, my laptop realistically is
- 3:41pretty powerful for what it is and what
- 3:43it's doing, but um
- 3:47yeah, sometimes there's just problems.
- 3:51All right, so we just took 500. We just
- 3:53took the highs.
- 3:54That's kind of what I was looking for.
- 3:56So, now that we that we're pumping up, I
- 3:58want to see um if we're going to have a
- 4:00continuation higher up into the 550 area
- 4:03before we start heading into 600, then
- 4:07650. So,
- 4:27But it did it did offer an opportunity
- 4:37reading volume. I mean, I'm all right at
- 4:39it, but
- 4:44I mean, I guess it's just because I look
- 4:45at it every day.
- 4:56That's what's up, Chzy. I'm happy that
- 4:57you're doing well. That's the whole goal
- 5:00for all of us, right? Is to do well,
- 5:02make some money.
- 5:07So, this is really strong buying
- 5:09pressure right now. Um,
- 5:14if you were looking for I mean I want to
- 5:16see like I said in the 550 area the from
- 5:19540 to 560 I wanted to see what price is
- 5:22going to do. Realistically if we start
- 5:24blasting through this then where I'm
- 5:25anticipating us to potentially go is up
- 5:27to the highs. Um,
- 5:30which is sitting around
- 5:33658.
- 5:35I mean, that is some ways away and it it
- 5:38is unlikely that we I mean, I it's not
- 5:40unlikely, but I would just be kind of
- 5:42surprised if we get a straight shot up
- 5:44there. That would be a massive pump at
- 5:46open.
- 5:48I would think that we would have a
- 5:50little bit of a retracement, but you
- 5:52know, sometimes it wouldn't give it to
- 5:54us, but it would be like 30 300 points
- 5:56from the open without a single red
- 5:58candle, which would it would be pretty
- 6:00insane if that happened,
- 6:03but it's possible.
- 6:05But I am watching like I said this uh
- 6:08between 560 and 540.
- 6:12I'm trying to see what's happening in
- 6:14this area or how price is going to be
- 6:16reacting here
- 6:19and if we can I mean overall I'm still
- 6:22bullish though. So realistically, even
- 6:24this even if this starts to come down a
- 6:27little bit, I'm less likely to try and
- 6:28attempt any type of short
- 6:32until I see something that obviously
- 6:34shows me that the buying pressure is
- 6:36kind of
- 6:39getting held or dying out. But as of
- 6:42right now,
- 6:44still pretty strong.
- 7:03But if anyone caught those longs,
- 7:06that's great. I hope somebody caught
- 7:08those longs.
- 7:17And also, just a heads up, for whatever
- 7:19reason, if my computer starts messing up
- 7:22again,
- 7:25um I'm just going to have to end the
- 7:26stream and I got to focus on my trading.
- 7:28But, um
- 7:30I'm going to cross my fingers and hope
- 7:31that doesn't happen.
- 7:37428.
- 7:40Oh, that's a good entry. was right
- 7:42around where I was looking to get in.
- 7:45But that sucks that you got stopped at
- 7:47BE.
- 7:51Yeah, this is pushing through this uh
- 7:53this area. I think it's likely we
- 7:55continue higher to
- 8:02I mean that's just such a massive pump.
- 8:04Like
- 8:06650.
- 8:07[Â __Â ] dude. What a bummer. My computer
- 8:09literally [Â __Â ] up at the worst time. I
- 8:11was like sitting here waiting for a
- 8:13pullback to go long
- 8:15and we literally pulled back perfectly
- 8:18into the stacked imbalance that was
- 8:20sitting here on my footprint.
- 8:22It would have been a perfect opportunity
- 8:24to try and take a long position,
- 8:27which is what my plan was. If I wasn't
- 8:29fumbling around, but I'm happy that Chzy
- 8:32caught it. At least somebody caught it.
- 8:48But here's the thing, right? We we saw
- 8:51an opportunity
- 8:52or I saw an opportunity. I couldn't take
- 8:55advantage of it because of my computer.
- 8:57It's okay. Can't let it get to your head
- 9:00and then try and start chasing chasing
- 9:02[Â __Â ] you shouldn't be chasing. So
- 9:06there will be more opportunities cuz
- 9:08realistically
- 9:11all I need is 200 bucks
- 9:16and we got a lot of time. Market's only
- 9:18been open for 20 minutes and not only
- 9:20has market only been open for 20
- 9:21minutes, but we also have Michigan
- 9:23sentiment and um home sales coming out
- 9:26in 10 minutes. So,
- 9:32the good news is is that we're not
- 9:33chopping at the open, which is good.
- 9:38Nice.
- 9:45Uh, no, it's not. Well, it's part of the
- 9:49reason. And the reason why my my laptop
- 9:51is having issues is because
- 9:55when I'm running four monitors,
- 9:57so I'm running four monitors, right? I
- 10:00have ATAS open, I have Trading View
- 10:03open, I have Google Chrome open, Discord
- 10:06open, um OBS is streaming. Not only is
- 10:10OBS streaming, but also when I'm getting
- 10:13ready to take a trade, I'm clipping.
- 10:16So then like the OBS is it's just like a
- 10:20lot of stuff. Um Chrome I need it open
- 10:24to stream and like pop up the chat and
- 10:27stuff for the most part. But yesterday,
- 10:31I mean realistically
- 10:34it usually doesn't have issues, but
- 10:35every once in a while it does have
- 10:37issues. But I'll make sure that I fix
- 10:40that eventually. It's just a lot of
- 10:43stuff going on with the GPU for my uh a
- 10:47lot of stuff's going on. But I couple
- 10:50days ago,
- 10:53I made some adjustments to my settings
- 10:55and like what GPU was using what program
- 10:59and it should be working. For some
- 11:01reason, there was just an issue this
- 11:02morning, but seems fine right now.
- 11:06Yeah, laptop. Well, you know what? My
- 11:08laptop is chill for trading, but once
- 11:11you start bringing in streaming,
- 11:15it starts to cause some problems, but
- 11:17it's okay.
- 11:21I will get a PC. I just travel sometimes
- 11:24and I work remotely, right? So, like I
- 11:29I like to have a laptop so that I can
- 11:31bring my stuff with me wherever I go.
- 11:34But um
- 11:36it's probably worth it to get a get a
- 11:38PC. I'll probably build one.
- 11:45Cool.
- 11:48The if the lag is better, then hopefully
- 11:51um
- 11:53hopefully whatever I change is making a
- 11:55difference.
- 12:03So, I'm still watching this area. Like I
- 12:05said, I'm watching 560 to 540 to see
- 12:08what price is doing here. It is looking
- 12:10like we are kind of stalling out right
- 12:13here, but it might also be because we're
- 12:16just volume is tapering off before news
- 12:19comes out here in about 8 minutes.
- 12:31Yeah, I'll build it if I get one. I'm
- 12:33definitely not going to buy some
- 12:34overpriced uh pre-built
- 12:38PC. I'm not like a huge uh technical PC
- 12:42guy, so maybe you guys can help me out
- 12:44with some some recommendations
- 12:48for uh a good build for trading
- 12:52and streaming.
- 12:54the imbalance you were taking. You were
- 12:56talking about that has been ran through
- 12:59or the on the previous candle because
- 13:01they were not taken. Um,
- 13:05which imbalance are you talking about?
- 13:06This one
- 13:08or which imbalance are you talking
- 13:10about?
- 13:14I guess I'm just slightly confused.
- 13:18This one.
- 13:20um
- 13:23it never got ran through. Um
- 13:28it came back to retest it. So like if
- 13:31you if you were to look at the volume of
- 13:33this um this fivem minutee candle, it's
- 13:36kind of hard to see, but it's here,
- 13:38right? You could see these these dips
- 13:40and these like the points and valleys
- 13:42here, peaks and valleys.
- 13:45Um
- 13:46right in this low volume node is where
- 13:48the imbalance lies. It's typically what
- 13:50happens with stacked imbalances too.
- 13:51You'll have like a low volume node. So
- 13:54the low volume node itself,
- 13:59you know, here to here is kind of the
- 14:01idea of where you'd be looking for a
- 14:04retest
- 14:05to be respected
- 14:10previous candle. But yeah, I mean I'm
- 14:13not sure if that answers your question.
- 14:14I'm sorry. I don't really um understand
- 14:16it. But what I'm looking at here, right,
- 14:18is like
- 14:20we had buyers step in to push price
- 14:22higher. So although we may come down a
- 14:25little bit here in this area I was
- 14:27watching between 560 and 540, if buyers
- 14:30can't push price higher, then it is
- 14:32likely we start retracing into here. But
- 14:36I wouldn't necessarily be anticipating
- 14:38us to just make a a complete drop. Um,
- 14:45what up thumbs? No, actually I was
- 14:47trying to go long um right around here
- 14:51and uh my computer started to skip and
- 14:54it started to lag. So I had to like
- 14:57close everything, stop the stream and
- 15:00then I saw a price retracing into it.
- 15:03And I actually was thinking for a second
- 15:05if I should take the longs, but my
- 15:07computer was like
- 15:09it would like move every two seconds and
- 15:11then stop and then move. It was just
- 15:13bad. I thought it's not a it wasn't a
- 15:15good idea to take a trade. So now we're
- 15:18just waiting. So no trade so far.
- 15:25But if we if we do start coming down
- 15:28into here,
- 15:30um I'm realistically going to be
- 15:32watching this area here
- 15:35to see if we hold like for a retracement
- 15:39to then continue higher up.
- 15:42But it is important to kind of watch
- 15:45what happens right now because I did
- 15:47mention that after we took the highs at
- 15:49508,
- 15:51I was watching an area between 560 and
- 15:54540.
- 15:57So
- 15:59I it looked like buyers were about to
- 16:01push through, but now if you see what's
- 16:03happening on on the footprint chart,
- 16:07we tried to push through twice. Um, and
- 16:10both times the PC was above the candle
- 16:13and we even had a stacked imbalance of
- 16:15sellers or buyers, my apologies, trying
- 16:17to push price higher and then this
- 16:19candle actually flipped bearish. So,
- 16:23we need to wait to see what happens
- 16:26right now because
- 16:29buyers were getting held here. So, now
- 16:31they're they're going to attempt to make
- 16:32another push higher. Um, we're going to
- 16:35see if the PC's respect right here. So
- 16:37if this flips bearish then yeah it's
- 16:39going to come down but there is a
- 16:40possibility we begin to rip through this
- 16:42with some uh imbalances on the on the
- 16:46ask going higher.
- 16:55So this area right here that I have
- 16:57marked out this one is more of kind of
- 16:59just like a watch and wait.
- 17:05And we also have news coming out in
- 17:07three minutes. So keep that in mind,
- 17:19the lower area down here is because this
- 17:23is where um the reason why I'd be
- 17:26watching this is because this is where
- 17:29buyers stepped in pretty aggressively,
- 17:32right? So
- 17:35the idea would be like if buyers started
- 17:37to step in really aggressively on this
- 17:39candle right here and we were to
- 17:41continue going higher and the idea is
- 17:44that we are going going to go higher
- 17:46even if we do have a retracement then
- 17:48you would like to see this area be
- 17:49respected because if we have buyers that
- 17:54stepped in here push price higher and
- 17:56now we're starting to stall here. If we
- 17:58come down, buyers may defend their
- 18:00position and continue price back up. If
- 18:03we start seeing heavy selling pressure
- 18:05push push past all of this, then um
- 18:10it's weak. It's like a weaker it's not
- 18:13as strong um in terms of like uh
- 18:16momentum higher. It would be we'd fall
- 18:19back pretty far realistically. But yeah,
- 18:22it's the buying volume. So the reason
- 18:24why is the buying volume. So, this area
- 18:26is uh what I would watch, but I'm
- 18:29watching this area
- 18:32um between 560 and 540 because on my
- 18:36hourly chart,
- 18:39this area right here was like the first
- 18:42major push down that caused us to
- 18:47begin that,
- 18:50you know, 700 point drop.
- 18:55And it's also the premium of uh
- 18:59of a zone. So like I'll show you.
- 19:03So like let's say we scale out on the 1
- 19:06hour. So you see this area right here
- 19:07where this first major hourly candle
- 19:10that pushed down. I'm watching this area
- 19:12right here. But specifically
- 19:15um I guess it would be like a if you
- 19:18trade ICT or something it would be a BPR
- 19:20or whatever. I guess you would consider
- 19:22this a BPR. This is basically what I was
- 19:24looking at. Um, but another reason for
- 19:27it too is because
- 19:31if we were to draw our
- 19:34premium in our discount, we are at the
- 19:37886 right now. So
- 19:40if we are going to the way that I use
- 19:43these is if we are going to maybe
- 19:46retrace then this would essentially be
- 19:48the area or the last line of defense for
- 19:52us to kind of turn around. If we start
- 19:54pushing past this then we're definitely
- 19:57taking this out. We're definitely this
- 20:00is definitely the target if we can push
- 20:02past this. But now that we're up here
- 20:04we're kind of stalling but we just had
- 20:05news come out. So buyers are trying to
- 20:08push price higher right now. We're going
- 20:09to see if they can continue and get that
- 20:12push. If they fail right here and we
- 20:15start flipping bearish, then
- 20:18I'm going to have to wait for the the
- 20:20longs. [clears throat]
- 20:23But it does look like we do want 650
- 20:27657.
- 20:32But you got to also think for a second.
- 20:34It is 10:00 a.m. Eastern or 7 am my
- 20:37time. So that's the new hourly, the new
- 20:404 hour.
- 20:42It's a macro time. So it's an important
- 20:45time. It's also news.
- 20:51Um, low volume nodes within a fivem
- 20:54minute candle
- 20:56will sometimes or more often than not be
- 20:59low volume nodes yet
- 21:01because a high volume node, right, is
- 21:04typically where the PC is going to be.
- 21:22But if you were to look at like
- 21:28let's say we just look at volume, right?
- 21:30And you can see volume. There's
- 21:32basically like what I'm looking at is
- 21:34imagine you have a a volume profile.
- 21:36Some people use it for the day or the
- 21:38cash session or whatever. Um I do that
- 21:41too, but there's a a mini volume profile
- 21:45for every five minute candles. So each
- 21:47of them will have high volume nodes and
- 21:48low volume nodes. So a high volume node
- 21:51is you know typically where you see that
- 21:52peak in the PC. Um and then a low volume
- 21:56node is where it dips in.
- 21:59And uh if you were to go back and look
- 22:01at like stacked imbalances, it'll really
- 22:03never be a high volume node there unless
- 22:07um actually it will never be a high
- 22:09volume node
- 22:11for a stacked imbalance.
- 22:14So,
- 22:16yeah, typically stacked imbalances will
- 22:18be within a low volume node.
- 22:23All right. So, the hourly candle opened
- 22:26up, shot up. It's wicked past the
- 22:29previous 1 hour. We're going to see if
- 22:31there's potentially going to be a
- 22:32retracement into the previous 1 hour
- 22:34candle. Um, if buyers can't continue
- 22:37right here, this is a pretty large buy
- 22:39order for MNQ. 871 contracts. uh cleared
- 22:44out the book pretty quickly at news, but
- 22:48as of right now, we're not really seeing
- 22:50a lot of uh continuation after that. So,
- 22:54you got to be a little careful if you
- 22:56are trying to target the highs at 657.
- 23:05You'd want to see like
- 23:09you'd want to see us push past this um
- 23:11and be more aggressive.
- 23:19Otherwise,
- 23:20what'll happen right now is if we can't
- 23:23if this big buy order steps in, right,
- 23:26and we are stalling here and if this
- 23:29candle ends up flipping red right now,
- 23:31then we're probably coming down
- 23:32somewhere in here.
- 23:35And that is a pretty big range, I guess.
- 23:38Like
- 23:40it would be like almost 100 points.
- 23:46So, we just got to wait and see what
- 23:48happens.
- 23:54[clears throat]
- 24:11No, that was an aggressive order
- 24:12executed at market.
- 24:14Um,
- 24:16I may try and take a scalp short right
- 24:18now,
- 24:21but it is pretty risky because this is a
- 24:22lot of buying pressure.
- 24:32I just need to see how this five minute
- 24:34is going to close.
- 24:44And if we if I do take a short right now
- 24:46at the at the close of this fivem minute
- 24:48candle, if it looks how I want it to
- 24:50look, then
- 24:52I'm actually going to have to move my
- 24:54stop to break even like pretty quickly,
- 24:56just in case it dips down and then snaps
- 24:59back up. But this is coming back up
- 25:01right now at the close. So,
- 25:04I don't know. I'm less likely to want to
- 25:06take this.
- 25:08It's not looking as good anymore. Uh,
- 25:10are your bubbles for big trades at 500
- 25:13lots minimum? No, it's at 250.
- 25:17[snorts]
- 25:18But I do read the values because
- 25:20obviously an 871
- 25:23value is going to mean a little bit more
- 25:25than if it was like 200
- 25:41But what I was what I wanted to see for
- 25:44me to try and scalp shorts for like 100
- 25:48ticks or like 25 points was I wanted
- 25:50this candle to close bearish with the
- 25:54large buy order up here, PC up here, and
- 25:57then had this fiveminute candle retrace
- 25:59into the PC, enter short, stop above the
- 26:03highs, and then target down here, moving
- 26:05my stop to break even pretty quickly.
- 26:07and then just trying to target
- 26:10um somewhere [clears throat] within
- 26:11these stacked imbalances or low volume
- 26:13nodes. I wouldn't be trying to take it
- 26:15past here. It would just be a scalp. But
- 26:17since that didn't happen, then I'm just
- 26:20going to wait.
- 26:24It's not bearish. I wouldn't say that
- 26:26it's bearish
- 26:29this because what's happening right now
- 26:31is really not bearish whatsoever. But
- 26:34all this was FP was just a sign to me
- 26:37when I see something like this happen.
- 26:41I'm trying to see what what happens
- 26:42after that, right? Like
- 26:46when you see a large buy order, large
- 26:48sell order come in. It's an aggressive
- 26:51attempt
- 26:53to move price essentially.
- 26:56So are they going to be successful with
- 26:58that attempt or are they going to fail?
- 27:01And it doesn't look very successful
- 27:03right now. But
- 27:06you do need to understand like or think
- 27:09about or consider the bigger picture of
- 27:12things.
- 27:15You this is not bearish. There's really
- 27:17like the
- 27:21sign that we may be turning, but
- 27:24I mean if I really was confident that
- 27:27this was bearish, I would be in short,
- 27:28but I'm not because I'm not confident.
- 27:30This can easily just pop back up and
- 27:31keep running.
- 27:38Uh, Flamer, if you're on um
- 27:43NQ, the numbers are going to be
- 27:44different. I'm on MNQ.
- 28:12Yeah, it could have been like an easy 50
- 28:14points if it set up the way I wanted it
- 28:16to set up, but
- 28:20it's okay.
- 28:24this 550 area, this uh area I'm watching
- 28:28right here does seem to be
- 28:33an area of an area of interest a little
- 28:35bit. So, we're just going to wait to
- 28:38see, but
- 28:41I wouldn't necessarily like
- 28:50we got to see what's going to happen.
- 28:53They loaded up a bunch of contracts here
- 28:54at 550.
- 29:05>> Yeah. Yeah, if you're ever looking at um
- 29:07like by the way
- 29:10if if you were to ask me like what is my
- 29:12gate or like my minimum filter for big
- 29:15trades and I tell you it's 250 and you
- 29:18set it to 250 but you're on NQ and I'm
- 29:20on MNQ,
- 29:22it's totally different because 250
- 29:25contracts with MNQ versus 250 contracts
- 29:29on NQ is like a difference of 10, right?
- 29:34A multiple of 10. So you got to take
- 29:36that into account. So we have buyers
- 29:37stepping in right now. They're again
- 29:40trying to see if we can push price
- 29:41higher.
- 29:45[clears throat]
- 29:46So we got to just wait and see what
- 29:47happens.
- 30:05Yeah, it's probably better if you I mean
- 30:07the best thing to do realistically is um
- 30:13just put it on auto filter and it will
- 30:16just it'll show you what what the system
- 30:20might consider as unusually large
- 30:22orders. Um, and then you'll be able to
- 30:25see the values. And then if you if you
- 30:26think that it's a little too noisy, um,
- 30:29then just adjust the numbers to what you
- 30:31think makes sense in terms of what you
- 30:34want to see and what you don't want to
- 30:35see. So like for me, if I were to set
- 30:38this to auto filter right now, it
- 30:41sometimes or other days it might be
- 30:43showing me big trades, but the value is
- 30:45like 150 160. That's just noise to me. I
- 30:50don't really want to see that. I want to
- 30:52see bigger orders. Even these are still
- 30:54kind of small, but it is good to know
- 30:57that they're there.
- 31:13It also depends on the day too. Like if
- 31:15there's a lot of volume that day, you
- 31:18know, even with 250 it might get a
- 31:20little noisy.
- 31:21So then you just got to adjust it.
- 31:27But right now we're we're just kind of
- 31:29sitting here. So we got to
- 31:32we're sitting here in this area. So we
- 31:34got to see um
- 31:38what price is going to do. It's
- 31:41just a waiting game for right now.
- 32:02But so far today for me, there was one
- 32:07good opportunity and then so far nothing
- 32:09else that I see yet. Unless you wanted
- 32:12to be really aggressive in terms of
- 32:16trying to chase the longs or take an
- 32:18early short,
- 32:33but I'm not expecting us to
- 32:37consolidate here for too long. I think
- 32:38we're going to move out of here
- 32:40relatively soon.
- 32:49We also have a new 15-minute opening
- 32:52pretty soon. And the 15 minutes looking
- 32:57kind of bearish.
- 33:03So, let's remove this.
- 33:06If I'm looking at this on the 15 minute,
- 33:08we came up [clears throat] into an area
- 33:10I have marked out, but this 15 minute is
- 33:13not looking very strong, obviously. So,
- 33:16if it closes up here, there's a pretty
- 33:18good chance that the 15minut is going to
- 33:20come back into somewhere within this
- 33:23large
- 33:24push up.
- 33:26But that doesn't mean that we're going
- 33:27to come all the way down.
- 33:32And then if you are like if you were to
- 33:34try and take a short like let's say I
- 33:37think it's going to come down here
- 33:40more buyers trying to step in. If I
- 33:42think it's going to come down here I'm
- 33:43not going to take that trade because
- 33:46let's say we entered right here right
- 33:50and the stop realistically for a decent
- 33:52stop would need to be above the highs at
- 33:56the very minimum like above the large
- 33:59buy order. I mean, it would be a pretty
- 34:02[Â __Â ]
- 34:04risk-to-reward. So, we're just not going
- 34:05to take that.
- 34:07Although it it's likely that it can
- 34:10happen if we close like this on the 15
- 34:13minute in the next
- 34:1645 seconds
- 34:29because something I'm considering right
- 34:31is buyer shrine push higher no
- 34:36follow through a Little push, no follow
- 34:38through. Slightly bigger, still pretty
- 34:40small, no follow through.
- 34:46And not only does the uh 15-minute look
- 34:49like that,
- 34:51not only does the 15-minute look like
- 34:52this, but let's look at the hourly
- 34:56wick above coming down.
- 35:00We may retrace further into this candle.
- 35:02I mean, doesn't mean that this one hour
- 35:04is going to close.
- 35:07bearish because there's still a ton of
- 35:08time left. But this is now the new 15
- 35:10minutes. So,
- 35:14I want to see what happens.
- 35:26So, there has it starting to attempt its
- 35:29push down. But
- 35:31again, like we're still overall, keep in
- 35:34mind, we're still bullish. So,
- 35:44I do not want to try and try any shorts.
- 35:46What would be a better idea, to be
- 35:49completely honest with you, is wait for
- 35:51us to come down a little bit further and
- 35:53look for um something to tell us that
- 35:56the buyers are going to start pressing
- 35:58on the gas again and then we try and
- 36:00ride it back up. That's what I would be
- 36:02looking for.
- 36:07overshorts. I'd be looking for that
- 36:09overshorts
- 36:13unless something happens that I see that
- 36:15we're really going to start pushing down
- 36:18pretty hard, then I'll try and follow
- 36:20that. But
- 36:25sellers are pretty weak right now.
- 36:30Heat. Heat.
- 37:04Sit down.
- 37:56So, price really isn't doing a lot.
- 38:02I'm hoping
- 38:05that we didn't just pump up and then
- 38:08we're going to start just bullshitting
- 38:12in here for like an hour. If that's what
- 38:15happens, like if we don't see anything
- 38:17and price just kind of bullshits in
- 38:20between like
- 38:23where's this at
- 38:26between here and here? If we just see
- 38:27price kind of [Â __Â ] around
- 38:30um
- 38:33and you know 40 minutes pass, 30 minutes
- 38:36pass,
- 38:39we'll just not take a trade today, I
- 38:41guess.
- 38:49It is a pretty that that is a pretty
- 38:51large range though. Like
- 38:55what is that? 593 down to four. It's
- 38:57like a 100 point range.
- 39:06Yeah, the um
- 39:10we did uh catch we did run into a little
- 39:12bit of a wall here.
- 39:38>> [snorts]
- 40:33>> But as of right now, I mean, this is
- 40:34basically just like
- 40:37just wait.
- 40:40Don't try. I I'm not going to try and
- 40:42trade this. I would just wait
- 40:46until I see something. But right now,
- 40:49there's nothing
- 40:51for me and how I trade.
- 41:03The last thing you want to do on a
- 41:05Friday
- 41:07is get caught in a chop.
- 41:11It's a terrible way to end the week.
- 41:16So, we need to see some intention here.
- 41:18Some intention and follow through. It's
- 41:21basically what we're always going to be
- 41:22looking for.
- 41:41Count CS is in Counter Strike. I know
- 41:46this is uh slow, but that doesn't mean
- 41:49it's going to be like this all day. We
- 41:51just have to wait.
- 41:53There may be another opportunity before
- 41:55launch,
- 42:00right? You definitely don't want um
- 42:06All right, so let's see what happens.
- 42:08This is something I want to watch for
- 42:10right now.
- 42:16Let's see how deep we actually begin to
- 42:18retrace into this.
- 42:36So, basically what I'm looking at right
- 42:37now is I want to see if um we're
- 42:39actually going to retrace into this
- 42:41further or if this is going to end up
- 42:44causing a wick down and the five minute
- 42:46body is going to close back up here. If
- 42:48the PC stays below, then I actually
- 42:51might consider taking a long. Um but
- 42:57it's a bunch of whatifs, right? So, I
- 42:59just got to see what happens.
- 43:12I'd be more
- 43:14I'd be happier and more comfortable if
- 43:17we actually retrace down into here
- 43:19around 490 to 460 area and we see
- 43:24basically sellers attempt to push past
- 43:26this and fail and buyers start to step
- 43:28in. And that would be a much better long
- 43:29position
- 43:31because up here I'm still not that
- 43:34comfortable. If if this were to close up
- 43:36here, I really wouldn't be that
- 43:37comfortable taking the long. I just
- 43:39understand that it may push higher, but
- 43:41it would be a pretty [Â __Â ]
- 43:44risk-to-reward. So, I wouldn't want to
- 43:45do that.
- 43:56I'd be looking for more like something
- 43:58like this where
- 44:02come down here.
- 44:06Come up, wick down, come back up. that.
- 44:32But if we do come down into here, it's
- 44:34going to be kind of important that we
- 44:36start paying attention to the selling
- 44:37pressure because if we start running
- 44:39past this, uh,
- 44:42I'm less likely to try and take a long
- 44:44position
- 44:45depending on how strong the selling
- 44:47pressure is.
- 44:58All
- 45:09right. So, that was a pretty strong um
- 45:12close for this fivem minute candle in
- 45:14terms of
- 45:16the bears.
- 45:18We're getting a little bit of a
- 45:19continuation here on this fivem minute.
- 45:21So, we had a negative 3,000 delta on the
- 45:24previous fiveminute candle.
- 45:26And um we're going to see what this
- 45:28fivem minute does if it wants to come
- 45:30down into this area or not.
- 45:32Unfortunately, if this would have looked
- 45:34a little bit better, I would have taken
- 45:35the short right there. But when this
- 45:38closed bullish, it made me not want to
- 45:40take it.
- 45:56Because earlier, like when we were
- 45:59looking at the 15-minute candle and I
- 46:00said if this 15-minute candle closes
- 46:03bearish, it's pretty likely that we see
- 46:05the next 15-minute candle retrace
- 46:06somewhere into this move. But just
- 46:08because like
- 46:10I think that's going to happen doesn't
- 46:12necessarily mean I'm willing to take put
- 46:15my money on the line for it because um I
- 46:18need to consider like where I'd be
- 46:21putting my TP versus where I'm putting
- 46:23my stop and if it doesn't really make a
- 46:25lot of sense even though I think that
- 46:27price is going to do this I got to just
- 46:28sit on the sidelines.
- 46:35So, as we kind of enter into this area
- 46:38right here, even approaching this first
- 46:40big buyer,
- 46:42um, we need to be paying attention to
- 46:46what
- 46:48is happening between the buyers and the
- 46:50sellers.
- 46:53And if I see something, I'm going to say
- 46:55it, but we're attempting to push lower
- 46:58right now. Um, sellers are pushing in.
- 47:00So, we want to see at this point whether
- 47:01or not buyers are going to hold it or if
- 47:03we're going to start seeing a large
- 47:05amount of white numbers on the left side
- 47:07start pushing past this, then we won't
- 47:10and we got to wait to see for this
- 47:12fiveminute candle to close cuz keep in
- 47:14mind if this keeps stalling in this area
- 47:17and it can't push past it,
- 47:20um then all the volume's going to be
- 47:21down here.
- 47:24And if it pops back up, that's a good
- 47:25sign for longs. But if it starts to do
- 47:28what it's doing right now, then we don't
- 47:30really want to take longs until we see a
- 47:34weak close for the five minute
- 47:57Look at that though. Nice rejection off
- 47:59the 886
- 48:01the range.
- 48:25So buyers are attempting to protect this
- 48:28area,
- 48:30but we need to see
- 48:33where the PC is going to be. How is it
- 48:36going to close? But we may have an
- 48:38opportunity to try and take this back up
- 48:43depending on what happens. But that is a
- 48:46good sign, right? That's a bad sign for
- 48:48sells,
- 48:49better sign for buys.
- 48:52Came back to where the initiation of the
- 48:54move up happened realistically
- 48:56and buyers respected it or they defended
- 48:59it.
- 49:04And now we had we had [clears throat]
- 49:06selling pressure come in, stalled out
- 49:08here, stalled out here, snapped back up.
- 49:12Now it's flipping bullish with a nasty
- 49:15wick to the downside. The only thing is
- 49:18we do have a in 40 seconds it's the new
- 49:2215-minute and it's the 30 minute. So,
- 49:27the problem at this point is if I wanted
- 49:29to go long, I'd be waiting for a retest
- 49:31potentially at the PC if we close
- 49:33bullish. But, uh, the stop loss would
- 49:36have to be like pretty [Â __Â ] big
- 49:42to be like
- 49:4438 points, 40 points.
- 49:48We'll see what happens. Right now, we
- 49:49got about 10 seconds left.
- 49:57I would like to see this close bullish,
- 49:59though. If it closes bearish, then it's
- 50:01not the same.
- 50:08All right, so this is going to be the
- 50:09second attempt for sellers to try and
- 50:11push past this area. We're going to see
- 50:13if they're going to be successful or
- 50:15not. The 15-minute, 30 minute, and 5
- 50:18minute just opened with no wick to the
- 50:20upside. Just an immediate push down.
- 50:38So, we're going to see if they can break
- 50:39past it on their second attempt. If not,
- 50:42um
- 50:44then we might start retracing back up.
- 50:50Even if this wick's past it and we want
- 50:53to see a close like a strong close past
- 50:56this. We don't we don't care about the
- 50:58wick.
- 51:39They failed for the second time. I'm
- 51:41going to go long.
- 51:44Such a massive stop loss though. It's
- 51:47[Â __Â ] disgusting.
- 51:53I'm actually going to put the stop loss
- 51:55um
- 51:58below this this uh wick right here.
- 52:02And just because
- 52:05I do want to see this continue higher if
- 52:08we are going to push right here. I don't
- 52:09want it to snap back.
- 52:11I'm going to just move this to break
- 52:13even right now and try and let this run.
- 52:19Yeah, we want to see something like
- 52:20that, right? Like a lot of uh
- 52:22aggression.
- 52:24And what we can target is um you can
- 52:27target these highs, but I'm
- 52:28realistically going to target the body
- 52:30highs here.
- 52:33So that's right around
- 52:38I'd want to see if this if the 886 can
- 52:40get retested for another time.
- 52:46But I do not want to see this flip back
- 52:49to being uh bearish. Otherwise, we're
- 52:53just going to get out of it.
- 52:58We want to see a strong continuation. If
- 53:02not, we'll get stopped at break even and
- 53:04then we'll just wait for the next trade.
- 53:08Yeah, I'm currently long right now
- 53:10trying to see I'm not I'm not trying to
- 53:13target the highs though. Even though we
- 53:16may go up there, I just want to see us
- 53:17come back up here to retest uh the 886
- 53:20level
- 53:24because this may be an attempt to go
- 53:26higher um and [clears throat]
- 53:28potentially
- 53:30fail to make a new high before we
- 53:32actually really dump. So, just
- 53:34understanding that
- 53:45So, we want to see the PC has now moved
- 53:48up here. We got a minute left. We do not
- 53:51want to see um the PC be above the close
- 53:56of this bullish candle.
- 54:05Where was your entry, Chy?
- 54:08All
- 54:26right. So, it's going to be pretty
- 54:28important where this uh candle closes in
- 54:30relation to the PC. If the PC is above,
- 54:33I may just get out of it.
- 54:38Uh, I have a couple videos. I'll
- 54:40probably make more. 490. Oh, that's a
- 54:42killer entry. Good stuff.
- 54:48All right. See, this is like what we
- 54:49don't want to see, right? So,
- 54:52we need this to push harder.
- 54:56Otherwise, this is going to snap back
- 54:58right now.
- 55:03Yeah, that's not what we want to see.
- 55:05So, what I'm going to do is I am going
- 55:07to start aggressively trailing my stop
- 55:10loss, especially since we're testing the
- 55:12PC
- 55:19because I need to see this run like
- 55:21right now
- 55:26and I need to lock in my $200 so I can
- 55:28pull a payout today.
- 55:30So,
- 55:34$200 will be locked in. We should be
- 55:38okay. There we go. This is what we want
- 55:40to see.
- 55:42But we need to see it continue. We're
- 55:44not done yet.
- 55:55Cuz this opened up with no wick to the
- 55:58downside. So it may go create like a
- 56:00wick or it's like tiny wick but
- 56:04I don't want us to begin to essentially
- 56:07like consolidate in this area which we
- 56:10may but you know what at the end of the
- 56:11day we will lock in our 200 and we will
- 56:14take
- 56:16our $1,400 payout. out.
- 56:49Or if we can hit TP, it may even be
- 56:54a $1,500 payout.
- 57:22Uh, the TP is based on a fib level for
- 57:25the range. So,
- 57:28I
- 57:29the 886 level for me when I'm marking
- 57:32out ranges is a pretty strong area. Um,
- 57:35see, we already rejected off of it
- 57:36pretty hard once. What I don't want to
- 57:39see happen essentially is for us to come
- 57:42down, try and make a move back up,
- 57:44create a lower high, and then a lower
- 57:46low, um, which is a possibility. So to
- 57:49prevent that from happening, I'm
- 57:51essentially just targeting the 886 again
- 57:54because here's the high up here, right?
- 57:57But we'll see if we can even get there.
- 57:59Otherwise, um we'll get stopped out
- 58:04just in case there's slippage. I'm going
- 58:06to move it to uh
- 58:10220.
- 58:20It may very well it may very well pop up
- 58:24to uh the highs, but
- 58:30I don't really care for it.
- 58:34What I care about is I care about taking
- 58:36a payout on a Friday for the second
- 58:38payout this week. That That's what I
- 58:40care about. But we already have it
- 58:41locked in at this point. So,
- 58:44whatever happens now, I really don't
- 58:46care. If it comes up here or it comes
- 58:48down here, it's going to be the
- 58:49difference of $100 on my payout. So,
- 58:55it's whatever.
- 59:23order filled.
- 59:24>> All right.
- 59:26So,
- 59:29we try to go a little bit higher here.
- 59:31We try to get it to um I mean, what were
- 59:34we aiming for? 60 points. We tried to
- 59:36get 60 points on this, but we had to
- 59:39lock in the $200 for uh the payout. So,
- 59:43we're going to lock out of this account
- 59:45even though it's only up $200. We're
- 59:47going to lock up lock out. We're going
- 59:50to request $1,400 at the end of the day
- 59:53today after I'm done trading. And uh
- 59:58yeah,
- 1:00:00give me my money. top step.
- 1:00:06So, the good thing is at least with this
- 1:00:08account,
- 1:00:13at least with this account, um I'll show
- 1:00:16you guys.
- 1:00:18Oh, wait.
- 1:00:26Yeah. Give me my money. Look at this
- 1:00:30successful week this week. 2,800 on this
- 1:00:33account.
- 1:00:36Um, we'll pull a payout. This account's
- 1:00:39been pretty good. We've been having an
- 1:00:4083% win rate um out of 20 trades. So,
- 1:00:44small sample size doesn't really count.
- 1:00:46Um,
- 1:00:49but whatever. Uh, this account has a 84%
- 1:00:53win rate. Small sample size, 13 trades.
- 1:00:59We've been doing pretty well on this
- 1:01:00account, too.
- 1:01:03Um,
- 1:01:04we'll try and keep it going,
- 1:01:07but uh, we've been struggling. Honestly,
- 1:01:09we've been struggling on the alpha
- 1:01:10account. I'm going be real. I'm going be
- 1:01:12real.
- 1:01:1547% win rate.
- 1:01:18Small sample size. This is a little bit
- 1:01:19of a larger sample size, but still 47%.
- 1:01:22It's not bad. We're still profitable on
- 1:01:24it technically with the with this. But
- 1:01:29the problem was, look at this. The first
- 1:01:32day I try to trade silver,
- 1:01:36o
- 1:01:38lost $2,000 immediately.
- 1:01:41So then I decided not to trade not to
- 1:01:43trade minis on silver anymore. So we've
- 1:01:46just been trying to build it back. We
- 1:01:47built it back. We made like 4,000. Um,
- 1:01:52so put us up uh
- 1:01:552,300. I need to get this balance up to
- 1:01:58like five or 6,000 so I can take like a
- 1:02:02two or 2500
- 1:02:05$3,000 payout with Alpha. So now what
- 1:02:08I'm going to do is I'm going to sit here
- 1:02:10and I'm going to wait
- 1:02:12and we're going to see if we can find
- 1:02:18another opportunity. I'm not going to
- 1:02:19force it though because
- 1:02:22realistically
- 1:02:24I'm only trading, you know, like
- 1:02:28the first hour and a half of open. And
- 1:02:31so that window of time is usually going
- 1:02:34to come, it's going to come to an end.
- 1:02:36Not usually, it's going to come to an
- 1:02:37end here in 15 minutes. Um, I may wait
- 1:02:41around a little bit longer, but we'll
- 1:02:43just see what we can get. If we don't
- 1:02:45see anything, then you know what? you
- 1:02:46don't have to trade the funded accounts
- 1:02:48every single day. Um because if the
- 1:02:51market conditions are going to give you
- 1:02:53like subpar
- 1:02:57uh sub subpar like setups,
- 1:03:00there's no reason to risk your capital
- 1:03:02on it. I mean, there's always every day
- 1:03:05there's usually like at least one decent
- 1:03:08move that we can take advantage of most
- 1:03:11days. I mean, obviously some days not,
- 1:03:13but most days there's usually an
- 1:03:16opportunity. So, if that opportunity was
- 1:03:19the initial longs we wanted or these
- 1:03:22longs, I mean,
- 1:03:27that's fine. We don't have to sit here
- 1:03:29and try and force [Â __Â ] especially on a
- 1:03:31Friday. Like, just go enjoy your
- 1:03:32weekend. We pulled a payout. It's all I
- 1:03:35was really focused on doing today.
- 1:03:44Yeah, locking out of an account.
- 1:03:47I use that all the time. I don't trust
- 1:03:49myself.
- 1:03:51You know, sometimes you get that you get
- 1:03:53the intrusive thoughts of 200 $1,400
- 1:03:58payout, but if I just take one more
- 1:04:00trade,
- 1:04:02it might be a bigger payout. Then you go
- 1:04:05in a draw down and then you try and make
- 1:04:06it back. And then you go further in a
- 1:04:08draw down. And then next thing you know,
- 1:04:10you're looking back and you just
- 1:04:12destroyed $2,800. So,
- 1:04:16I'm not going to let myself do that
- 1:04:17today.
- 1:04:19Definitely not. But the good news is is
- 1:04:22like, okay, so check this out. When it
- 1:04:25comes to firms, right, when it comes to
- 1:04:27prop firms, um, yeah, I full port evals.
- 1:04:30I blow evals. I blow a lot of evals
- 1:04:32sometimes. Um but this month
- 1:04:36the whole point of this is you want to
- 1:04:38be net positive. That means money in
- 1:04:40money out with firms after tax is net.
- 1:04:43You want to be uh positive with um
- 1:04:50what you're doing with prop firms. It's
- 1:04:51a gamified version of trading. It's not
- 1:04:53like doing a uh live account. It's
- 1:04:55nothing like doing a live account. So,
- 1:04:58we're about $700 in on firms this month,
- 1:05:02and I pulled one payout for $150. This
- 1:05:05one will be for 1,400. So, $700 in,
- 1:05:09$2,500 out after taxes, net will still
- 1:05:12be positive, of course, on the month.
- 1:05:16And now that gives us room and the
- 1:05:19opportunity to no matter what stay net
- 1:05:23positive with the firms because now I
- 1:05:25can manage how much money I'm going to
- 1:05:26spend on firms if I do want to get more
- 1:05:28evals, which is what I'm going to do
- 1:05:30probably starting next week. Um to make
- 1:05:34sure that I never go net negative uh for
- 1:05:36the month. So you build a little bit of
- 1:05:38a buffer and then you have room to
- 1:05:40fullport EVLs if you trade EVals like
- 1:05:43how I trade EVELs.
- 1:05:45So yeah, so we'll wait around a little
- 1:05:48bit. We'll see if we can um find another
- 1:05:51opportunity. If not,
- 1:05:54we'll just go enjoy the weekend.
- 1:06:02But again, like what I mentioned
- 1:06:03earlier,
- 1:06:05what I don't want to see us do is after
- 1:06:07making that big move, we just start
- 1:06:10consolidating here, which may be
- 1:06:12happening right now. But we'll see. So
- 1:06:14be if we get some strong sellers here,
- 1:06:16it might be another attempt to push
- 1:06:18lower and it might be the one that
- 1:06:19actually breaks through because now what
- 1:06:22happened right is what I was saying of
- 1:06:25the reason why I didn't want to take the
- 1:06:27highs and I was going lower is because I
- 1:06:30was imagining that this push up may have
- 1:06:32just been to create a lower high before
- 1:06:35we go down and create a lower low,
- 1:06:37right? And this may be the leg down to
- 1:06:39create that lower low to push past this
- 1:06:43and maybe back into this area here where
- 1:06:46these stacked imbalances are.
- 1:06:56But
- 1:06:57if you don't under if you don't
- 1:06:59understand why I took that trade, it's
- 1:07:01because overall we were still bullish. I
- 1:07:04marked this area out. We were watching
- 1:07:05it for like almost an hour. We came down
- 1:07:09to push past it once. We failed. We came
- 1:07:11down to push past it again. The moment
- 1:07:13we flipped bullish, sellers obviously
- 1:07:15failed to push past it again. So, I just
- 1:07:17went long
- 1:07:19and I was targeting the 886, which on a
- 1:07:21fib level is deep and premium of this uh
- 1:07:26bearish range. If we end up breaking
- 1:07:28past the 886, to me, that's an
- 1:07:30indication that we're actually going to
- 1:07:31go and take the highs. But so far that's
- 1:07:34obviously not what's happening.
- 1:07:55>> But yeah, today so far has not been that
- 1:07:57bad as far as price action. So,
- 1:08:02I really need to make more money on this
- 1:08:04account, dude.
- 1:08:062,300 balance is nowhere near enough.
- 1:08:12All right, so let's see what happens
- 1:08:13right here.
- 1:08:31So, this is going to be the third
- 1:08:32attempt to break past this.
- 1:08:36I have a feeling that it's going to
- 1:08:37succeed, but we got to wait
- 1:08:42because right here, you're going to
- 1:08:43start seeing like what you're probably
- 1:08:45going to see in this area is probably
- 1:08:47like a quick snap. If we are going to
- 1:08:50push past it, it'll snap like it'll
- 1:08:53flush real real quick. Not flush, but
- 1:08:56it'll just snap down really quickly
- 1:09:02if it truly is going to break past here.
- 1:09:04Otherwise, this is going to be the third
- 1:09:05attempt. And then we're going to come
- 1:09:07back up here somewhere, probably the
- 1:09:08stacked imbalance, and just like make
- 1:09:10this like
- 1:09:13cons very tight kind of range going
- 1:09:15down.
- 1:09:41So the PC is now here, meaning that the
- 1:09:44most amount of volume is sitting at the
- 1:09:46bottom of this candle.
- 1:09:49If this stays down here in the next 12
- 1:09:52seconds, we don't close very bearish
- 1:09:54like go like a little bit lower below
- 1:09:56the PC.
- 1:10:00What's probably going to happen right
- 1:10:02now is 1 second. We're going to pop up,
- 1:10:04hit this PC
- 1:10:06somewhere around here, and we're going
- 1:10:07to flush
- 1:10:11flush past this wick if it wants to.
- 1:10:15But we're still in this area. So you'd
- 1:10:17be anticipating it and your riskreward
- 1:10:20would be terrible.
- 1:10:29But if you use like super big size, you
- 1:10:31could probably try and scalp it. But
- 1:10:33it's not a good idea
- 1:10:37because we're not past it yet.
- 1:10:45We may come all the way back up here.
- 1:10:51If this doesn't turn around and flip
- 1:10:53bearish
- 1:11:15Look at that.
- 1:11:17Nasty.
- 1:12:00All right, I'm going to try and scalp a
- 1:12:02short really quickly.
- 1:12:07I'm going to be as soon as it takes
- 1:12:08these lows though, I'm literally going
- 1:12:10to move it to break even like
- 1:12:11immediately.
- 1:12:16Oh, whoops.
- 1:12:18Cuz it may just pop like all the way
- 1:12:21back up. We're going to need kind of a
- 1:12:23big stop loss on this. It's going to be
- 1:12:26a terrible risk-to-reward, but you know
- 1:12:28what?
- 1:12:31Who gives a [Â __Â ]
- 1:12:33We'll risk uh
- 1:12:38we'll risk uh 600. The moment it takes
- 1:12:41the the this low and we have this 5m
- 1:12:44minute flip. Um I'm going to move it to
- 1:12:47break even like immediately.
- 1:12:50And then we're just going to see how far
- 1:12:52it could go. if it wants to go
- 1:13:00because we're basically still in this
- 1:13:02range. You got to think we're still in
- 1:13:03this range. There's a possibility that
- 1:13:05we can we just bounce back up and stay
- 1:13:07in this range. I'm trying to anticipate
- 1:13:10the move down, but it's dangerous to do
- 1:13:12that because you have like a terrible
- 1:13:15risk-to-reward.
- 1:13:17and we failed to do it once, twice, and
- 1:13:20then when we tried to do it the third
- 1:13:22time, we popped up again. So, it's kind
- 1:13:25of sketchy, but
- 1:13:27I mean, I have like $4,000 of draw down
- 1:13:30on this account. So, for me to risk $600
- 1:13:33to just try and get green on the day for
- 1:13:35this account, it's not a big deal.
- 1:13:41We can come back from that.
- 1:13:44But again, the moment this flips
- 1:13:46bearish, I'm hoping that we see like a a
- 1:13:49quick snap down. I'm going to be moving
- 1:13:50it to break even.
- 1:14:00And if it comes up and it takes us out,
- 1:14:04it's okay. Like that, it's okay.
- 1:14:08We will just call it a day. Because then
- 1:14:11if that happens, what I'm thinking is,
- 1:14:13oh [Â __Â ]
- 1:14:15What I'm thinking is that we may come
- 1:14:19back up here or we may just stay in this
- 1:14:21range between here and here.
- 1:14:28I just wanted to see this flip bearish,
- 1:14:31but
- 1:14:32may not do it.
- 1:14:40And the next fiveminute candle is about
- 1:14:42to open right now,
- 1:14:46which is not good. We want it if the
- 1:14:48next fiveminute candle opens up like
- 1:14:51somewhere up here, we're cooked. It's
- 1:14:53coming up here. We cooked.
- 1:15:11Yeah, we're going to get stopped out of
- 1:15:12this
- 1:15:15because what might happen now is now
- 1:15:17that it's closed up here, if this
- 1:15:18doesn't just flush, which is I'd be kind
- 1:15:20of surprised. We get pretty honestly, we
- 1:15:22get pretty lucky if this flush. I'm
- 1:15:23going to be real with you. If this just
- 1:15:26pops up into here, it may be creating
- 1:15:27another lower high before it comes down
- 1:15:30here to actually create that lower low.
- 1:15:38But we may get saved, but I doubt it.
- 1:15:51Especially
- 1:15:56because this is also the last five
- 1:15:57minute candle before the new hourly.
- 1:16:00So
- 1:16:24So, all I wanted us to do realistically
- 1:16:26was come past this wick right here. I
- 1:16:29just wanted us to come past this wick
- 1:16:35and see if we could pick up speed.
- 1:16:44The only thing I'm worried about though
- 1:16:45is like if this stays within and doesn't
- 1:16:48stop us out by the end of this five
- 1:16:50minute,
- 1:16:53then what can potentially happen is when
- 1:16:55the new hourly candle opens up, it can
- 1:16:57retrace back up here. If it doesn't do
- 1:17:00it already right now, it can retrace
- 1:17:01back up here before it drops lower.
- 1:17:13which if that happens I actually
- 1:17:21uh the wick because technically that
- 1:17:23wick is a low that we put in. So if we
- 1:17:29haven't created a lower low. So
- 1:17:31basically when this came up and it and
- 1:17:32the buying pressure came in and then it
- 1:17:34died out. I tried to basically
- 1:17:37anticipate a flip of the 5m minute which
- 1:17:39failed. So now we're stuck in a position
- 1:17:41that's no longer
- 1:17:44high probability because I wanted it to
- 1:17:46create a lower low after it made a lower
- 1:17:48high thinking it would come lower into
- 1:17:51uh the pump from the morning. But it is
- 1:17:56like
- 1:17:57overall we are bullish. Like if you're
- 1:18:01looking at um like an hourly time frame,
- 1:18:04we broke structure to the upside. So
- 1:18:06this is technically still bullish. But
- 1:18:11that's why I said if we do get below
- 1:18:13here these wicks, I'm like immediately
- 1:18:15going to move it to break even.
- 1:18:19But it may not even give us the
- 1:18:20opportunity um to go break even.
- 1:18:25I was just trying to scalp a short
- 1:18:28and I knew that it was risky. So, I hope
- 1:18:31if you I hope none of you took this
- 1:18:35trade. Um, but if it works out, it works
- 1:18:39out. If it doesn't, it doesn't. It's not
- 1:18:40the end of the world. We're taking a
- 1:18:42payout today. We have $4,000 of draw
- 1:18:44down on here. If we lose 600 bucks, who
- 1:18:47cares?
- 1:19:13All right, we have one minute left on
- 1:19:15this fiveminute candle. One minute left
- 1:19:16on the 1 hour, the 15.
- 1:19:20We may have a chance if it doesn't flip
- 1:19:22right now. If it flips and we close up
- 1:19:24here,
- 1:19:27it's over. It's over for us.
- 1:19:30We need it to close. The PC needs to be
- 1:19:32below. We need to We need to close and
- 1:19:34make a wick.
- 1:19:37Otherwise, I'm cocked.
- 1:20:03Decent close. Let's see if we can go to
- 1:20:06break even or if we're going to just
- 1:20:09snap [snorts] up and kill me.
- 1:20:18All right, took the lows. Go break even.
- 1:20:20I'm going break even.
- 1:20:22cover some uh we'll cover some of this
- 1:20:25uh
- 1:20:29some of the fees. We'll see how far it
- 1:20:30can go down.
- 1:20:34I'd like to see it come all the way down
- 1:20:36here,
- 1:20:38but it may just be creating the wick on
- 1:20:40the hourly before we pop back up. That's
- 1:20:42why we're going break even
- 1:20:47cuz I'd want to see this come in pretty
- 1:20:50aggressively
- 1:20:51pretty quickly.
- 1:20:55Once we get down to 450, I'm actually
- 1:20:57going to trail my stop if we do get down
- 1:20:59there before it hits me out right now.
- 1:21:16Yeah, this is going to come back up. So,
- 1:21:19we got saved. Honestly, I'm going to be
- 1:21:21real with you guys.
- 1:21:26We got pretty l I mean I got pretty
- 1:21:28lucky on that.
- 1:21:31I got pretty lucky on that trade. That
- 1:21:33was kind of a That was actually a pretty
- 1:21:35stupid trade to take.
- 1:21:38But you know what?
- 1:21:41That balance ain't going to build
- 1:21:43itself. I'll tell you that.
- 1:21:47But
- 1:21:49what we're going to do
- 1:21:52is we'll just leave it there. That was
- 1:21:54an impulsive trade. We got lucky. It
- 1:21:56didn't take us out.
- 1:22:00I think uh I think I'm going to make the
- 1:22:02executive decision
- 1:22:06to just end on a good note today. We
- 1:22:09came in here. We wanted to get our
- 1:22:10payout. We made the $200. We're getting
- 1:22:12our payout. I'll take 1,400.
- 1:22:15That'll be 2500 in payouts this week.
- 1:22:19And then we'll just come back.
- 1:22:22We'll just come back next week. Better
- 1:22:24price action, newer price action, not so
- 1:22:27late in the day heading into lunch. And
- 1:22:30we will attempt to uh
- 1:22:33continue the streak. Although, you know
- 1:22:35what I will say? Even though it really
- 1:22:37doesn't count,
- 1:22:40we're $12 green.
- 1:22:42$12 is $12.
- 1:22:45No, I'm just joking. That was That was
- 1:22:46stupid. I hope if I hope no one followed
- 1:22:50that. But um
- 1:22:52yeah, I'm probably going to get off. I
- 1:22:53will catch you guys on Monday. I hope
- 1:22:56you guys have a good weekend. And um
- 1:23:00I'll be back on maybe 15 minutes, 10
- 1:23:03minutes before
- 1:23:05uh market open. So I'll catch you then.
- 1:23:09If you're going to continue trading, be
- 1:23:10careful. It's Friday.
- 1:23:13Just go enjoy your weekend and let's
- 1:23:16come back next week and try and kill it.
- 1:23:17Take another payout hopefully [snorts]
- 1:23:19next week and continue the momentum for
- 1:23:22the month heading into the new year.
- 1:23:24Let's make some money. So, catch you
- 1:23:26guys. Peace.
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