2 Trades 2 Losses - PnL: -$3,635 | Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
Full transcript
- 0:06Oh, Ninja Trader has one.
- 0:09I did not know that. I don't think I've
- 0:11ever traded on Ninja Trader before.
- 0:24>> Traded on Trade of it. Traded on Trading
- 0:27View Project X.
- 0:30a test tower.
- 0:36>> One time I I back tested on Ninja
- 0:38Trader, but
- 0:42I don't really use it.
- 1:06So,
- 1:09this is kind of what I'm thinking. We
- 1:11have this high right here, right?
- 1:16If we do come up, I'm basically going to
- 1:18be watching somewhere in this area or
- 1:20this area to see if we're going to turn
- 1:21around.
- 1:23If we come up, if we just start like uh
- 1:27pumping through it, then I'm keeping my
- 1:29eyes up here. But
- 1:31the ideal scenario and what I kind of
- 1:33said at the start of the week is I am
- 1:35expecting us to try and at least attack
- 1:38these lows down here.
- 1:41But today um we never took yesterday we
- 1:45never took these lows
- 1:49and today we had
- 1:52Asia and London pump and then pre-market
- 1:54we took out London highs and then
- 1:56started coming down. So, at this point,
- 1:58like I'm expecting London lows to get
- 2:01taken out and for us to reach basically
- 2:03the at least the middle of Asia session.
- 2:06Uh,
- 2:09but the move is kind of happening
- 2:11pre-market.
- 2:14So,
- 2:18I'm kind of just like if it happens
- 2:20pre-market, then it is what it is. But,
- 2:22I'm just kind of watching it right now.
- 2:23And then
- 2:27if we do start coming lower and lower,
- 2:29then I'm obviously looking for us to
- 2:30take Asia lows and then start targeting
- 2:32608. But that's a that'll be a pretty
- 2:34large move. It'll be like
- 2:37basically a thousand points or a
- 2:39thousand ticks. My bad.
- 2:46So, I would like to see us go lower, but
- 2:48I am just unprepared for the AM session
- 2:53to potentially take
- 2:56London lows or yeah, London lows and
- 2:58then just start pumping up and then
- 3:00potentially targeting up here.
- 3:05So I just have to wait today
- 3:12and then today I made the change. So
- 3:16every every time I enter I automatically
- 3:19have a bracket stop-loss order because
- 3:20yesterday I got screwed.
- 3:24So we're not going to make that mistake
- 3:27again.
- 3:35But I think today we are copy trading
- 3:41eight accounts together
- 3:45with like three of them being
- 3:48evals. So five funded accounts and three
- 3:53evals.
- 4:00Yesterday we had crazy large ATR like I
- 4:03think five minute ATR was almost 70
- 4:05points per five minute candle which is
- 4:07nuts. So
- 4:10in the event that that happens again
- 4:12today
- 4:14I'm probably going to have to size down
- 4:17to potentially even like three micros.
- 4:24But if we have like a normal ATR then
- 4:27probably use five to 10 micros.
- 4:47I don't think I'm going to take a
- 4:48pre-market trade. I think
- 4:52I just don't like the way it looks. But
- 4:57I would like to see this kind of just
- 5:00continue.
- 5:22I need to make like $200 on these uh
- 5:27FFN. No, I need to make
- 5:30120 and then 750.
- 5:34on those accounts
- 5:41to get them past the exhibition phase.
- 6:44for the home record.
- 6:53Simend
- 7:16pretty large Asia range. Yesterday and
- 7:18today we've had some large Asia ranges,
- 7:28but I would be I'm watching the
- 7:32the middle of uh Asia session if we do
- 7:36move
- 8:33>> [snorts]
- 8:45>> Let's try not lose some money today.
- 8:49I think if I lose like $500, I'm going
- 8:51to stop because then that'll be like
- 8:53four grand lost across eight accounts.
- 9:09Bestordflow.com.
- 9:12Check it out.
- 9:21These are third party indicators for
- 9:23what? For Ninja Trader.
- 9:43That is pretty cool.
- 10:01Are they free?
- 10:03You got to pay for them or you got to
- 10:05buy them.
- 10:13Oh, this is the heat map that you use.
- 10:18It's cool. I didn't know that they they
- 10:20had that. Is it cheaper than bookm?
- 10:26Oh. Oh, you got you got them cracked
- 10:28fire.
- 10:31How much is this?
- 10:39Oh, [ __ ]
- 10:43$249 a month.
- 10:58They claim to be the best, but
- 11:02but they're just like
- 11:13$249 a month is kind of crazy
- 11:17for some waterflow ship.
- 11:23This is kind It's kind of wild
- 11:26because they're basically just like
- 11:28replicating
- 11:29existing um
- 11:33Okay.
- 11:35Maybe I maybe got to watch it.
- 11:45I mean, I don't really use bookmap. I
- 11:47used to use bookmap. I don't really use
- 11:48it anymore. I don't need it.
- 11:53I don't need specifically bookmap. I'll
- 11:56just use
- 12:15dude. There's one indicator that I want.
- 12:19Like, it's a gamma heat map, but that
- 12:22shit's like $500 a month. It's not even
- 12:25worth it for me.
- 12:35Okay, that's what's up.
- 12:38Imbalances in terms of uh the bid in the
- 12:40ask.
- 12:45Yeah,
- 12:47I mean all the other platforms can also
- 12:49do that. like I have a
- 12:52stacked imbalance
- 12:55indicator and then I have it set to 400%
- 12:59um
- 13:01imbalance and that's where these uh
- 13:06bold the bold numbers those are the uh
- 13:09400% imbalances and then when they stack
- 13:11three or more they'll draw out a um
- 13:18like a box. Basically,
- 13:27we got like
- 13:29five minutes basically until market
- 13:31opens. We're going to I have a feeling
- 13:33that we may just like
- 13:39it. Doesn't it? Well, I can actually
- 13:40make it extend the zone if I want to. I
- 13:42turned it off. I turned it off. Pretty
- 13:44sure I can.
- 13:55Oh, maybe you're right. Oh, wait. That's
- 13:57the wrong thing.
- 14:01Oh, [ __ ] Where'd it go?
- 14:05I got to add it back.
- 14:17Yeah. So, you can do line till touch or
- 14:18you can just have it extend. [ __ ] Why
- 14:20did I remove it?
- 14:24>> Or I have a better idea.
- 14:26Settings. Templates.
- 14:36>> Yeah. Quant tower has [music] a
- 14:39footprint chart, too.
- 14:44All right. Did I fix it? All right,
- 14:46cool.
- 14:51>> Yeah, there's a few different orderflow
- 14:52platforms. I want to try Deep Charts,
- 14:54but they're just like not allowing
- 14:57monthly subscriptions. It's like they
- 14:59want me to pay three months in advance
- 15:02to test it out, and I don't want to do
- 15:03that.
- 15:08Like, let me just test it out, dude.
- 15:10Like, why are you going to lock me in
- 15:11for three months?
- 15:14Oh, you're getting everything cracked or
- 15:17what? That's what's up.
- 15:24That's funny. Well, let me know how it
- 15:26is then. Let me know your thoughts on
- 15:29deep charts
- 15:33whenever you end up like using it for a
- 15:36little bit.
- 15:45The only thing that I've seen on it that
- 15:47can do what
- 15:52a test can't really do is like the way
- 15:53that their volume profile looks a little
- 15:55bit. And then um
- 15:58setting limit limit orders, how you can
- 16:01like basically
- 16:03you can like click a limit and then it
- 16:05like attaches to your mouse and then you
- 16:07can just like click somewhere. That's
- 16:09kind of cool cuz on here on ATS, if I
- 16:11wanted to set a limit order, I got to
- 16:13right click and then sell limit. It's
- 16:17still pretty quick, but
- 16:22it's just I don't know.
- 16:27It really doesn't matter. I mean,
- 16:28they're kind of all the same to be
- 16:29honest.
- 16:31The only one that's not the same is like
- 16:33Trading View. If you're using Trading
- 16:35View orderflow, it's just it's dog [ __ ]
- 16:43>> I don't even know why people use it.
- 16:58>> If off the open we do just come down and
- 17:01take uh London Lows, I got to be
- 17:03careful. um to see whether or not we're
- 17:05actually going to continue, if we're
- 17:06just going to snap back up.
- 17:14But earlier this morning when I was
- 17:15sending my um
- 17:19I hopped on the charts and I was
- 17:20creating my daily outlook and I wanted
- 17:22to take a short like but I just
- 17:27I needed to send out my daily outlook
- 17:29and we were somewhere up here and by the
- 17:31time I was done typing it up, we were
- 17:33down here and I tried to enter short
- 17:35down here which felt late. So then we
- 17:37came down and then I moved my stop to
- 17:40break even and then it came back up and
- 17:42hit me up.
- 17:50This would have been pretty nice.
- 17:5260 70 points.
- 17:56Yeah. Just DM me if it if it's if you
- 17:59like it.
- 18:01I'd be interested to know.
- 18:08Yeah, we're just going to open up and
- 18:10just
- 18:24But if we don't take this low and we
- 18:26open up and immediately push and then
- 18:28start to flip again bearish, I'll take
- 18:30the shorts just for some low hanging
- 18:31fruit. But I doubt it's going to happen.
- 18:33It's probably just going to take it
- 18:34immediately.
- 18:40Might even take it before the Even
- 18:41opens.
- 19:04All right. So, we open up and we just
- 19:05immediately take it. So, now I got to
- 19:07wait to see what we're going to do.
- 19:10whether or not we're going to now
- 19:13even just dig a little deeper like into
- 19:16this area and then come up or if we're
- 19:18going to really start dropping hard and
- 19:20start targeting
- 19:23um these lows and then 608.
- 19:27So, we'll wait to see. But that's a
- 19:30bummer. I just couldn't get in to that.
- 19:35Well, I tried to, but
- 19:40We'll see what it does in this area.
- 19:49I have a feeling that the ATR is going
- 19:50to be [ __ ] huge.
- 20:18You got a limit order set at 785.
- 20:21Did you Did you get tagged into that?
- 20:28Oh, is that where you took profit?
- 20:33What platform is that?
- 20:36Oh, look at this thing. Hold on.
- 20:42It's a nasty wick.
- 20:46Volumetrica.
- 20:48Never heard of it.
- 20:54All right, I need to see how I got to
- 20:55wait until this five minute closes
- 20:57because this is looking to be if it's
- 20:59actually going to leave this down here
- 21:01like this. This is
- 21:03nasty.
- 21:05And plus, like right now, we're
- 21:07whiplashing back and forth on a 70.5m
- 21:11minute candle at the open.
- 21:14So, we'll just take a chill pill. We'll
- 21:16just wait a second.
- 21:18Basically, what I'm trying to determine
- 21:20right now is like, are we going to truly
- 21:23continue selling momentum and start
- 21:25digging deeper to start taking these
- 21:27lows over here, or are we just going to
- 21:31have sellers basically get ab absorbed
- 21:33and then
- 21:35we pop back up, this candle flips
- 21:38bullish, and then we just start ripping.
- 21:41So, I got to wait to see
- 21:51But yeah, I think I'm actually going to
- 21:52size down right now. Uh, just because of
- 21:54the way that this looks.
- 22:28It's whipping back and forth like 25
- 22:30points. It's like
- 22:44Because if it's truly going to fail on
- 22:46the move down, what we're going to see
- 22:47right now is like a bunch of white
- 22:49numbers just like slam through as we pop
- 22:51up
- 22:55and stay there, not get like the
- 22:58imbalances. But
- 23:03it's better to wait right now because
- 23:06if you if you were trying to enter in
- 23:08like once we flipped bullish and you
- 23:10entered in entered in, you probably
- 23:11would have gotten unless you have like a
- 23:13super large stop loss, you probably
- 23:15would have gotten smoked.
- 23:19So we have like 30 seconds left in this
- 23:22candle. Was there any news um before not
- 23:27just FOMC minutes
- 23:30which is way past the time I'm usually
- 23:32trading anyways.
- 23:57All right. So, this is um struggling a
- 24:00bit, but we're going to have a pretty
- 24:01bearish close on this candle. So,
- 24:19We haven't taken the We haven't w past
- 24:21this yet. So, I'd be surprised if this
- 24:23is going to be the low.
- 24:32>> I'm gonna enter short. Oh [ __ ]
- 24:37All right. That was kind of stupid.
- 24:41I [ __ ] that up.
- 24:44>> That was [ __ ]
- 24:48>> I thought I was going to run and then
- 24:50start taking these and I was going to
- 24:51move to break even, but I got [ __ ]
- 24:56>> It whipped back pretty quickly.
- 25:12So, we're down like 200 on each of the
- 25:14accounts, I think. Let me see.
- 25:18Yeah, like 200 bucks.
- 25:59I don't want re-enter into this.
- 26:01Although I don't think this is going to
- 26:02be low, but
- 26:04I entered that too early.
- 26:12It's just like whiplashing back and
- 26:14forth. My
- 26:16typical stop loss would just get [ __ ]
- 26:18wrecked right now.
- 26:30But yeah, basically if I lose like
- 26:32another 200 bucks, I'm I'm just going to
- 26:34stop.
- 26:41Although, I would like to see this like
- 26:42start to smash through this and then
- 26:44start targeting like 710, which is Asia
- 26:47lows basically right around here, 700
- 26:52if we're going to continue the momentum.
- 26:53But it's like if I enter right here and
- 26:55we just like snap back 50 points and
- 26:57then drop again, it's just nasty. I
- 26:59would just get chopped out of this.
- 27:02So I have to
- 27:05try and not have that happen.
- 28:08Wait,
- 28:13I need to make sure that I'm out of
- 28:14this.
- 28:17All right,
- 28:21bro. Sometimes using trade syninker like
- 28:23[ __ ] sketches me out.
- 28:34But yeah, I'm gonna wait because um
- 28:38it's kind of nasty right now.
- 28:49So, right now we're down like 230 across
- 28:51like eight accounts.
- 28:54If I go down like 500 across eight
- 28:56accounts, which would be like four
- 28:57grand, then
- 28:59just call it a L. Just take the L for
- 29:01the day. Come back tomorrow.
- 29:34I would be pretty surprised if this is
- 29:36the low that gets put in for the day
- 29:41or for the morning session.
- 29:46I would have wanted to see if this would
- 29:48it would have looked better if it like
- 29:49would have wicked past it and then came
- 29:51back up.
- 30:42But the 15-minute does look like this
- 30:45right now. So, we'll see how the 15
- 30:47minutes is going to close in like 3
- 30:48minutes.
- 30:57>> But once we started breaking past this
- 30:59area, I thought we were headed down
- 31:01here, but I was wrong. at
- 31:04least wrong with the timing.
- 31:13>> Yeah. I mean, if if this basically
- 31:15fails, then I'm [music] no longer going
- 31:18to really be looking for
- 31:20shorts. I'd be less um
- 31:24less inclined to try and take a short.
- 31:42because technically the short idea would
- 31:46played out before I really even had a
- 31:48chance and then I just tried to take a
- 31:49continuation on it.
- 31:52>> But the idea that I mentioned earlier
- 31:54was that we would take London lows and
- 31:56at least come into the middle Asia
- 31:57session.
- 31:59And then it looked like we were going to
- 32:00continue further
- 32:02and then I literally caught the bottom
- 32:04of it. But we're [snorts] pushing. So
- 32:07the 15 minutes going to close pretty
- 32:10bullish as long as it stays up here for
- 32:12another two minutes
- 32:15and then we'll start shifting our focus
- 32:17to um
- 32:20depending on what happens. But we're
- 32:21going to potentially shift our focus to
- 32:23start looking for longs.
- 32:35I would just like like for it to
- 32:37basically
- 32:39get out of this area,
- 32:42make a decision and then move
- 32:44directionally.
- 32:46So
- 32:48because now the 15 minutes looking like
- 32:49that, the hourly is looking like this.
- 32:51So
- 32:53the idea of shorts is dying basically.
- 32:57Well, it's dead at this point
- 33:01until because then now if we are going
- 33:04higher, I would be expecting us to try
- 33:06and target up here.
- 33:19>> Walk out of the bank account. Nah,
- 33:23it's all right, dude. I already pulled
- 33:24all all the money out of it pretty much.
- 33:27I mean, there's like 9K left in it.
- 33:31Today's the first day of the cycle, so
- 33:34it's all right.
- 33:40Don't worry, I'm not going to lose like
- 33:41nine grand today.
- 33:45That's pretty nasty.
- 33:54I'm happy with where the balance where I
- 33:56was able to bring the balance down to. I
- 33:58mean, we were at like a $26,000 balance
- 34:00like a couple weeks ago.
- 34:06So, now that I pulled all that money out
- 34:07and it's at like a
- 34:11$9,000 balance, it's okay.
- 34:18No, they're not going to move me alive.
- 34:20Feel
- 34:22like if they would have move they would
- 34:23have moved me if they wanted to move me
- 34:25to live they would have done it a long
- 34:26time ago. Like
- 34:32I have 41 winning days on this account.
- 34:43This kind of sketchy right here. We'll
- 34:44see if we could just start blasting past
- 34:46this.
- 35:02Damn, that first trade was a [ __ ]
- 35:04stupid idea. I should have never done
- 35:05that.
- 35:10Made sense at the time, but I literally
- 35:12caught the worst. I caught in the bottom
- 35:14of it the moment I answered. It just
- 35:15turned around and immediately ran like
- 35:1740 points the other direction.
- 35:39I'm just cautious about taking longs
- 35:42like from here to here in this area.
- 35:46I would be more comfortable if we can
- 35:48actually push past it
- 35:51and then maybe retrace a bit and then
- 35:52try and take long.
- 35:56Yeah, the ATR is going to grow though
- 35:58because just remember uh Zho that like
- 36:00when when you're having an ATR, you're
- 36:03usually basing it off of a value, right?
- 36:05So, if the value is like um
- 36:09the ATR is larger than 36 points is my
- 36:11point right now. It's like if you're
- 36:14basing it off of a 14 value when we're
- 36:16basically basing it off of 14 fiveminute
- 36:18candles. We haven't we've had three so
- 36:21far. So, or if it's 20, you're basing it
- 36:24off of 20 candles basically. So, because
- 36:26we went from pre-market to market open,
- 36:29it's going to start adjusting and
- 36:30becoming higher. But we're probably I
- 36:33mean five the Five minute candles right
- 36:35now are probably like 50 points or more.
- 36:40That one was 81 points.
- 36:43This one
- 36:45was also 81 points.
- 36:48This one
- 36:50was also 80 points.
- 36:53Then so far this one
- 36:57is 50 points. So, as more fiveminute
- 37:02candles
- 37:03open,
- 37:05you're going to watch the ATR just grow
- 37:07and grow and grow because it's going to
- 37:08be using these candles now as they move.
- 37:11So, it'll probably if we continue with
- 37:14this type of volatility, it'll probably
- 37:16be like
- 37:1850 60 points.
- 37:24So, that's why I size down to three
- 37:26micros. This is nasty right here.
- 37:33Yeah, that's why I wanted to wait right
- 37:35here just because like
- 37:40this looks suspicious to me. these lows.
- 37:54Usually whenever there's like a solid
- 37:56swing point that's put in, I I like to
- 37:58see the candle that's reversing at least
- 37:59wick past like you know up here the wick
- 38:02is past it or up here the wick is past
- 38:04it
- 38:09or like down I mean down here you know
- 38:11like it's just when you have these ones
- 38:13they kind of trip me out a little bit
- 38:17where it doesn't wick past it before
- 38:18just turning
- 38:23It's been happening though sometimes.
- 38:26[ __ ] this up.
- 38:31So, we got to be careful right now
- 38:32because
- 38:35now we're establishing basically an area
- 38:39between here and here, which is like a
- 38:41100 points, where we could potentially
- 38:45like make everyone think we're about to
- 38:48go lower. I think we should be going
- 38:49lower, but make everyone think we're
- 38:50going lower and then start snapping back
- 38:53and forth just like wrecking stop
- 38:55losses.
- 38:58And I'm already in draw down, so I have
- 38:59to be kind of careful about the next
- 39:00trade I take. Otherwise, like if I lose
- 39:03that trade, it's basically wraps. I'll
- 39:05just have to come back tomorrow,
- 39:09take my $500
- 39:18But if we are going to go lower, I
- 39:20wouldn't really want to see us get past
- 39:21this area.
- 39:49I'mma try and take a
- 39:52>> I think I might try and short it right
- 39:53here.
- 39:57>> Wait, hold on.
- 40:05Yeah,
- 40:08we'll go three micros and then my stop
- 40:11is going to have to be like
- 40:15up here. So, I'm basically what I'm
- 40:17expecting to happen right now or what
- 40:19I'm trying to have happen is I'm trying
- 40:20to have this uh candle flip and not get
- 40:23past this area.
- 40:25But if it does, then
- 40:28I'll take an L and
- 40:31I'll just call it a day.
- 40:34And then if we do go lower, then what I
- 40:36want to see us try and attack is first
- 40:39the lows and then um these lows and then
- 40:42like 700.
- 40:47The moment we start pushing down into
- 40:48this area where sellers failed the first
- 40:51time to continue momentum, I would move
- 40:53my stop to break even. But
- 40:56we'll see if it even gets down there.
- 40:57Otherwise, I'll just like take two
- 40:59trades today. take two L's and then just
- 41:01call it.
- 41:06But I sized down today, so just using
- 41:09three micros.
- 41:11We're going to probably get wrecked.
- 41:14Wait, where does this need to be? 840.
- 41:20We got taken out. All right. Well,
- 41:22that's the L day.
- 41:26So, I'm down like 450 bucks across um
- 41:31eight accounts.
- 41:34So, we're down like four grand
- 41:36basically.
- 41:44Three of them are evals, so it's not a
- 41:46big deal.
- 41:48Five of them are funded accounts.
- 41:54So,
- 41:56Yesterday we made 700 across the funded
- 41:59accounts. Today we'll take a $450 L.
- 42:04We were just flat out wrong with all of
- 42:06our uh ideas today.
- 42:09Tried to go short down here.
- 42:12Got wrecked. Candle flipped. Didn't want
- 42:15to see us get above this area. Try to go
- 42:16short right here. Got wrecked.
- 42:20So,
- 42:24I have to stop because
- 42:29that's like two shitty trades in a row
- 42:31where I took a L and we're like kind of
- 42:34moving back and forth, there's a very
- 42:37high chance that if I take another
- 42:38trade, I'll probably lose.
- 42:41And if that happens and I lose three
- 42:43trades in a row and I told myself this
- 42:45morning that I'm going to stop if I lose
- 42:47500 bucks and then I don't well you know
- 42:49that's going to do it's going to trigger
- 42:50some tilt. So
- 42:53it's better just protect the accounts.
- 42:55Take the hell come back tomorrow.
- 42:58But
- 42:59for this account
- 43:07the dynasty. Oh we can't see it. The
- 43:10dynasty is over.
- 43:13We went on a We went on a gnarly run.
- 43:17Didn't have a losing day since
- 43:20January 9th.
- 43:24Now, here it is.
- 43:28That's all right.
- 43:31Just got to keep the losing days small.
- 43:34All right. If you copy those trades or
- 43:35you try to take my trades and you just
- 43:37took a bunch of Laya, two Lay, my bad.
- 43:40But you know, [ __ ] happens. I can't win
- 43:42every single day. Sometimes I'm wrong.
- 43:44But I will be back tomorrow.
- 43:47And if you are going to continue to
- 43:48trade and you're you're in uh draw down
- 43:52right now, just be careful.
- 43:58Peace.
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