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-$494 on the funded account |🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 7,881 words · 1,456 segments · language en · Watch on YouTube

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0:34What up, Paul?
0:38All right, we're back for another day.
0:42>> Back for another day here.
0:52>> All right, woke up a little late, so
0:55I got to
0:57see what we're looking at here.
1:18All right, so let's see what we're
1:19looking at. Let's see what we're working
1:22with here today.
1:41Oh, trading silver last night?
1:44Yeah.
1:47You got a um
1:52silver, you got to be careful. You got
1:53to just learn how to size correctly with
1:55silver cuz you could
1:58if you're not if not if you're not used
1:59to it you could easily just oversize on
2:01silver.
2:03Um
2:06I was actually trading silver a little
2:07bit less than on this account. That's
2:08why it's up 144 bucks. It kept I kept
2:12having my trade run like $300 in profit
2:14and then smack back to my
2:18break even.
2:19It happened like
2:21seven times or something. So, I
2:24I just ended up stopping, but I was
2:26trying to short silver last night.
2:32But, um yeah, I'm pretty careful when it
2:34comes to silver. Like the moment it
2:37kind of starts moving in in my direction
2:39I usually just move it to break even
2:42because
2:45I'd rather hit a break even than a
2:48big ass [ __ ] loss on silver.
2:50All right. So, anyways, yesterday we
2:52ended up
2:53um
2:55taking this high on
2:58NQ which was the uh
3:01draw for the day realistically at 9:35
3:0525 9:35. I did say that um I had this
3:09area drawn out and if we were going to
3:12continue higher into this area which
3:15ultimately I want to get
3:17taken out on a higher time frame.
3:20We would need to get past
3:22basically this area. So, in this area
3:24it's essentially uh a daily volume
3:27imbalance as well as um
3:30like a end dog basically like a new day
3:32opening gap as well as um
3:36the
3:37technically the OTE or the premium of
3:40this um
3:42range, right? So, if we're
3:45here within a range
3:47we're in the premium of the range. So,
3:49if it's going to turn around and not
3:51continue higher it's probably going to
3:52do it
3:53where we drew our box. So, we drew this
3:55box out basically just to mark out where
3:57we thought price might turn around.
4:01Uh probably like a month ago. So, it
4:02looks like it did come up here
4:06and now we're dropping back down. So,
4:11there is a potential that
4:16we kind of remain in this range. I hope
4:18that we don't, to be completely honest.
4:21I hope that we
4:25just push higher, but
4:34this whole area right here is just like
4:38up, down, up, down, up, down. So,
4:46we'll see what we're looking at.
4:52We did end up taking this
4:54low technically,
4:56which was
4:57Wednesday's low,
4:59yesterday's low
5:02during Asia session.
5:17I think what
5:24I'm kind of watching for this right
5:25here.
5:27If we are going to go higher, I want to
5:29see kind of what happens after we reach
5:3350 points higher.
5:37And then of course, we have
5:39still
5:41the opening gap from uh
5:46uh weekly opening gap.
5:51So honestly right now I just we're kind
5:53of ranging
5:54higher time frame. We attempted to break
5:57out yesterday.
5:58We just kind of came right back into the
6:00range.
6:01So
6:04we're just going to
6:11be a little neutral
6:12bias-wise.
6:17And we'll just see if we can I mean
6:19realistically I am
6:21thinking that we're probably going to
6:22come up here to to 850.
6:26But
6:27um
6:28yeah, I'm not going to have like a
6:30hard bias necessarily today cuz um
6:37it just doesn't look this the cleanest,
6:39you know, on a higher time frame it
6:40looks kind of weird
6:42to me.
6:53Let's see.
6:55What's silver doing?
6:58Damn, silver dropped a lot
7:01yesterday.
7:10All right, let's take a look
7:12at what gold's doing. Gold was
7:13consolidating.
7:17It's been consolidating.
7:20Silver's been dropping.
7:23Silver's probably going to come back up.
7:34And dollars been ripping higher.
7:42All right, Today's the
7:45third day on this funded account for
7:48this payout cycle. It's the third cycle.
7:50So, what is this?
7:521 2
7:54Yeah, so we got to get today, another
7:56day, and another day.
8:00And then try and take another payout
8:01from this account.
8:04Last night I did
8:06um
8:07I did trade this account on silver.
8:10And I had uh I like got a new eval. And
8:13I hit profit target, so I'm going to try
8:14not [ __ ] that one up
8:17tomorrow.
8:35I'm [ __ ] tired though. I woke up late
8:36today.
8:50So, we're just going to wait until
8:52um
8:53the market opens.
8:57We'll see if we
9:03I kind of what I'm thinking right now is
9:05um
9:06we could potentially see something like
9:07this, right? We come down a little bit.
9:11Come back up.
9:14Come up like this. Maybe we drop into
9:17here before we go up.
9:19Or
9:22we come up.
9:24Or actually, we can even drop lower
9:28into here.
9:30And then come up.
9:33Or
9:35obviously, the other scenario would be
9:41we can come here, come up here,
9:46and then just [ __ ] rip lower.
9:53So,
9:54we'll just have to see what happens, to
9:56be honest.
10:00What I'm going to be watching for is
10:02really like this area where we kind of
10:04had um
10:06a bit of balance here.
10:09If we kind of dip into it and pop up,
10:11then I'm thinking we're definitely
10:13coming up here
10:14into this area again.
10:18If we start ripping below it, I might
10:20wait for a second to see if it's going
10:21to come back up, but
10:24we'll see.
10:34>> [snorts]
10:39>> But, I think if I
10:42end up losing like $600 today,
10:46like going from where I'm at right now
10:48to $600 in the red, I'm probably going
10:51to
10:52stop trading
10:54for the day.
11:32We had Do we news this morning?
11:41Initial jobless claims.
11:51We don't really have anything after
11:53that.
11:59Wait, so what happened?
12:02[ __ ]
12:06Where is it at? 5:30.
12:10Oh, really nothing.
12:14I think Friday is going to be pretty
12:15volatile.
12:17We have a lot going on on Friday.
12:20Tomorrow.
12:24So, tomorrow
12:26we have
12:28NFP
12:29which is obviously
12:31a heavy hitter.
12:33And then we got Michigan sentiment
12:35prelim, which usually moves the market a
12:37little bit.
12:39But the the but the important thing
12:41that's going to be happening tomorrow is
12:43uh
12:43Supreme Court opinion on tariffs.
12:46So.
12:48That's kind of important.
12:51Because I think that's the conversation
12:53they're having whether or not all those
12:54tariffs we put on other countries were
12:57uh
12:59legal or something.
13:02Can you imagine if they tell what they
13:03say their opinion the Supreme Court
13:05opinion is that it's not legal?
13:07Jeez.
13:11Cause some [ __ ] problems.
13:13So.
13:14Tomorrow should be pretty volatile.
13:18I believe.
13:21So, we'll just have to keep that in
13:22mind.
13:34>> So, wait to see what the market does
13:38when it opens up here in like 7 minutes.
13:51The ideal situation
13:53is I would like it to
13:56at least come up here to 850.
14:01But, we're going to see if it
14:03is going to do that before or
14:20So, it did kind of wick down.
14:23>> [clears throat]
14:30>> Going live with gold and silver. So,
14:33I do trade Asia session.
14:38Um
14:40if you guys would want me to, I probably
14:42could.
14:43The only thing about going live during
14:45Asia session is like
14:48during New York, I'm literally sitting
14:49here and like um
14:53I'm literally sitting here and like
14:54paying attention and [ __ ]
14:56Silver
14:58it's like later in the day, so if I'm
14:59trading silver, if I'm trading gold
15:01during Asia session, sometimes what I'm
15:04doing is like I'm entering a trade and
15:06then I'm just like
15:07watching TV or cuz it's like slower
15:11sometimes, right? So, I'm like watching
15:12TV or I'm working on other [ __ ]
15:15Um so, that's the only reason why I
15:17haven't been live streaming like Asia
15:19session.
15:22But, if you'd want me to live stream
15:23Asia session, I'm I could probably do it
15:25some days, but it's just like really
15:27slow and boring.
15:30It's either really slow and boring or
15:31like some days it's really good, but
15:34like for example, last night
15:37if we go look at silver, right?
15:42When
15:46This is like the start of Asia session
15:47yesterday.
15:52Let me show you.
15:56So, when we started coming up like this,
15:58I actually took a long position
16:01on silver like right here.
16:05With the stop right here.
16:08And I
16:10targeted right here because all I needed
16:13was like $1,500 and I went like five
16:15micros.
16:17So,
16:19basically
16:22Uh [ __ ] hold on. I'm getting a phone
16:23call.
17:05All right, sorry. That was my uh
17:08That was my girlfriend.
17:09So, anyways,
17:11but after after we made this move up on
17:13silver, we kind of I like chopped and
17:16slid down and so like this is
17:20kind of like gross to
17:23to try and trade and then finally later
17:25by the time I'm like I decided is just
17:27stop trading somewhere around here,
17:28right?
17:30Cuz I'm like this is just bullshitting
17:31around. So then it drops, but I
17:34I don't usually trade that late into the
17:36night.
17:38But maybe one of these days one of these
17:40days I'll trade uh
17:45Asia session on live if
17:47anyone cares to do that with me, but
17:51sometimes you catch bangers, dude.
17:53Yesterday the day before I caught a
17:55[ __ ] banger on silver.
17:59I should just melted and I just like
18:01piled into it.
18:05All right, so we have uh
18:10We have market open here in a couple
18:12minutes, about 2 minutes.
18:25I would not be surprised
18:27if we had a little bit of consolidation
18:29today
18:32and some whiplashing
18:34and then um
18:38and then tomorrow we make uh a pretty
18:41decent size move. One thing to note too
18:44is like on the weekly candle
18:47um up until last night or yesterday we
18:50were kind of just ripping the entire
18:52week.
18:54So we're retracing a little bit into the
18:57into the candle, so we'll see
19:00what that ends up looking like on Friday
19:03because
19:05again, what we mentioned before is look
19:08what's happening on the weekly. We're
19:09kind of just
19:11consolidating here.
19:15So, realistically
19:18the idea would be that hopefully
19:21we break out of
19:23this range on the weekly. I don't care
19:25which side we break out of, to be
19:27honest. It looks like we're going to
19:28break higher, but
19:31I just want to get out of get out of
19:32this area.
19:36All right.
19:43You're overtrading, you're saying? Yeah.
19:46I mean, dude, if you're up 1,400
19:51Is that an eval or what? Or is that a
19:53funded account?
19:56The market's about to open right now.
20:05So,
20:08we're going to see what the open does
20:10here in 10 seconds. I'm
20:12kind of
20:14anticipating it to try and push higher
20:16to 850, but we'll see if it wants to
20:19actually do that or not.
21:00All right, we're going to see if the
21:01sellers can actually sustain pressure
21:03pushing lower, or if it's going to snap
21:05back up. If it snaps back up, I'm going
21:08to go long.
21:26And I'm watching basically this area
21:28right here
21:31to see if we're going to hold
21:33and come back up.
21:35Otherwise, we're going to go make a new
21:38low
21:40and dig deeper back into the range.
21:46But I got to
21:47be careful and I got to wait and see.
21:51Especially cuz the market just opened
21:52and we're about
21:54a minute and 30 seconds into it.
21:56So,
21:57it is pretty important how this 5
21:59minutes is going to close.
22:19Let me delete this.
22:22So, it's important kind of what happens
22:24here in this area.
23:01All right. Well, so while we wait for I
23:03think I'm going to actually wait for
23:04this 5-minute candle to close. So, while
23:06we wait for that to happen,
23:08let me see what you're saying.
23:15Overtrading and revenge trading. Well,
23:17you know what? Like
23:19there is a there is something that I
23:20would consider like a threshold, right?
23:22Like
23:26you can you can make good decisions up
23:28until whatever your threshold is, and
23:31then you start making like low-quality
23:33decisions. So, for me,
23:35that it might and it might be like a
23:37certain amount of trades for you. It
23:38might be a certain amount of break
23:40evens. It might be a certain amount of
23:41wins or losses, right? And so, you got
23:44to kind of just understand
23:47where is the threshold where you go from
23:50being calculated and making quality
23:53decisions to having that
23:56start to deteriorate.
23:58And then once you figure that out, you
23:59you just
24:00once you just stop. You stop before you
24:03let yourself get there. So,
24:05if you're struggling with overtrading
24:08or revenge trading, well, there is a
24:10point in time where
24:12that starts to happen, right? Like
24:16and you got to think about what that is
24:17for yourself.
24:19Where do you find yourself beginning to
24:22start overtrading? Is it when you're
24:24losing? Is it when you're winning?
24:27And then you got to think like, okay,
24:28well, how many losses and how many wins?
24:30Because it's definitely not after the
24:32first trade.
24:35It's definitely not the first trade.
24:38So, we're actually uh sustaining some
24:40pressure down. It looks like we're
24:41actually going to go take the lows. So,
24:42it's
24:44it's a good that we waited to try and
24:46take any type of longs if we were
24:48thinking that
24:52there is a chance that we probably come
24:54down
24:57pretty aggressively to uh
25:00potentially 600 area.
25:05Thorax?
25:09It's just uh before I was trading,
25:11that's just like
25:14It's a long story, bro.
25:16It's a nickname that I used to have
25:19or that I do have.
25:22It's also my my gamer tag on uh
25:25on Xbox.
25:27All right, let's see if we can continue
25:28to push down here. I may actually
25:33try and take advantage of this selling
25:35pressure depending on what happens.
25:37But I'll because this can be snapping
25:40back and forth within this range, I do
25:42need to be careful. I'll probably size a
25:43little lighter.
26:01I'm going to go short right here.
26:05But I went half size on this because
26:08there's a chance we just like rip back
26:11up, so
26:12um
26:14realistically, I'm going to have a
26:16really tight stop loss on this, like at
26:18the top of this
26:205-minute candle.
26:22Because if it's going to continue lower,
26:24I would want it to do it right now. If
26:26not, then we'll maybe consider it back
26:29at the POC, but I don't want to risk too
26:31much.
26:35And then we'll just be looking for the
26:36lows, so basically like a 2R.
26:41If it wants to happen, then it happens.
26:43If not, then whatever.
26:54It is kind of stalling here though,
26:56which I think is not good, but whatever.
27:03Cuz I do have a little bit of profits
27:04from last night, so if I do lose this
27:06trade, uh I'm only going to be down like
27:1060 bucks
27:12on the day.
27:14And I'm willing to be down like 600 on
27:16the day, so I think it's okay.
27:23But basically what I'm doing right now
27:25is I'm just trying to follow the
27:27momentum lower hoping that we don't snap
27:29back and that we're just directly going
27:31to continue pressure to the downside to
27:34take out the lows. We could come back up
27:36here to this area before we actually go
27:40take the lows, but
27:42the stop is right here because
27:44I'm not trying to have it be up here,
27:46you
27:46>> Order filled.
27:48>> All right. So I got taken out of that.
27:52Just want to take a jab at it.
28:01But I went half size on that trade.
28:07And it might have just like came up a
28:09little bit and
28:11taken us out
28:12to only continue lower, but it's okay.
28:22Yeah, if you limit yourself to 500,
28:24that's chill.
28:27Damn it, dude. This shit's going to rip
28:28lower right now.
28:34Nice. 300 on two fundeds. Let's go.
28:40I like gold and silver. Oh, here we go.
28:49Well, we got stopped out just barely.
28:53A little bit too tight of a stop.
28:57But, it's all right. So,
28:59we're going to watch all of these orders
29:00here probably get taken out. I need to
29:02remove this, too.
29:37I do kind of want to see how this
29:3815-minute is going to close, but
29:41we have still like 5 minutes for that,
29:43so.
29:45We haven't taken the lows yet.
29:51We did have sellers come in, but
29:55I still think we're going to probably
29:58take the lows.
30:14Um
30:16NQ versus gold versus silver, I mean,
30:19look, we're about to snap through this
30:20right now.
30:29All right.
30:31Lows were taken, so now we're just going
30:33to have to wait a second to see.
30:36Um
30:39NQ versus gold versus silver. They're
30:43all different.
30:45Um and they move differently.
30:50So,
30:54you got to be careful. Like, I don't
30:55trade
30:57NQ the same way I trade gold and I don't
30:59trade gold the same way I trade silver
31:02and they're all just kind of different.
31:05The way that you enter,
31:08where you would place your stops, and
31:10how you would manage break evens is like
31:14all different. It's kind of hard to
31:16explain it
31:17um
31:18while while I'm like watching
31:21what's happening right now, but
31:24yeah, they're all different assets, so
31:26they have like, I guess,
31:28you can call it different personalities.
31:34I am the most comfortable, in my
31:36opinion,
31:39with NQ, but sometimes like
31:42the commodities will just have really
31:44clean price action, especially when
31:45they're just ripping and then every
31:46single pullback you could just enter
31:48into try and look for another high to
31:50get created.
31:53They could be pretty good conditions.
32:13Let me look at something real quick.
32:27All right, so if we do continue lower,
32:29what I would be looking for us where we
32:32would actually potentially go is
32:33probably
32:37potentially down towards the 600 area if
32:43we continue.
32:49But it is a bummer because
32:51we're coming just back into this
32:54um
32:56back into this range and the 4-hour is
32:59going to close if it closes in this area
33:02and doesn't snap back up, it is going to
33:04be closing pretty bearish. So it it
33:06would make sense to me for us to uh
33:10start heading towards 600.
33:16Ooh, that's nasty. That was nasty.
33:21>> [cough]
33:21[clears throat]
33:32>> Well,
33:34kind of fumble that.
33:36I think I got stopped out with like five
33:38points.
33:41But we were targeting the lows here, so.
33:49There's some buyers stepping in right
33:50here, but I don't think they're going to
33:52be successful. I think we're going to
33:53actually continue lower, so.
33:56At least to 600. That's kind of the
34:00area that I'm watching for right now.
34:02It's also the lows right around on the
34:05lows of uh
34:08New York session from yesterday.
34:13But if you look right here, it was like
34:14a ton of selling pressure, right? So.
34:17If we don't just snap back up right now,
34:18we're definitely continuing to
34:20600. I mean, it's only right here.
34:30Damn.
34:33[ __ ] missed out on that drop.
35:00So did any of you guys catch that drop?
35:02Hopefully somebody caught that.
35:05And had a bigger stop loss than I did.
35:42All right, we just took uh
35:44Oh, not yet.
36:02All right, we just took 600.
37:01>> All right, so basically what I'm
37:02watching for right now is I'm looking at
37:04this area.
37:44I want to see if we can
37:46close up here on the 5-minute.
38:00Cuz after we came down to target 600, I
38:02want to see if
38:04we're going to turn around or
38:06this is just a little pullback before we
38:08continue lower.
39:07>> If we do start going lower here and we
39:09failed to push above all these sellers,
39:13we're going to be watching to see us
39:16create another low and then I need to
39:17see what happens here at 580.
39:21If we start slashing or like slicing
39:23through 580, if we do turn around,
39:28um then we'd be looking for us to come
39:29down to 527.
39:31It's a pretty [ __ ] huge move.
39:39It's almost
39:42Well,
39:43it's actually almost 200 points off the
39:45open.
39:47It is 200 points.
39:55The only thing I get worried about when
39:57we have a huge move like this and I miss
39:59it
40:01is that we enter into like a
40:02consolidation
40:04following it.
40:07And then here I am missing the the big
40:09move off the open cuz I usually like to
40:11wait a little bit or in this case I
40:13tried to short it half size and then had
40:16too tight of a stop loss.
40:18Um
40:21I'm just worried that I'll end up like
40:25entering a trade and then entering into
40:27a chop.
40:33Especially since we're
40:39back in the range.
40:42Almost the middle of the range, too.
40:47Yeah, this is a footprint.
40:50So, we It looks like we
40:53couldn't the buyers had a lot of
40:55aggression here. They couldn't really
40:56push past uh the sellers on the first
40:58attempt.
41:00Um we'll see if if this candle can
41:03continue higher, but
41:06if we failed to push past them again on
41:09a second attempt, then
41:12um it could be likely that we're
41:15actually going to go create another low
41:16cuz the 15-minute
41:20or we may even pop up and then create a
41:22low, but
41:24that was kind of a
41:26a weaker attempt.
42:02So, I want to see what happens right
42:03here. The 15-minute is like
42:07This is the opening of the 15-minute
42:08candle, so
42:11there's a chance that we flip
42:14bearish on the 15-minute with a large
42:16wick to the upside and we just start
42:17picking up speed again
42:19going down, but I don't want to
42:21anticipate it.
42:34Until I mean, I got to just see until
42:35this 5-minute closes first.
42:40Cuz we're also in
42:41um
42:43we're also in one of my levels right
42:45now.
42:46Right here.
42:47If you can see this.
42:52So, that's why I want to realistically I
42:55I want to see if we can actually
42:57um
42:59pop up.
43:05So, this is going to be the second
43:07attempt of us trying to push past
43:08selling the sellers right here.
43:11We'll see if it's going to be There's
43:12about 2 minutes left in the 5-minute, so
43:13we're going to see if it's going to be
43:14successful or not.
43:53The ATR on a 5-minute candle right now
43:55is actually pretty large. It's about 30
43:58points. So,
44:02to have a decent stop loss, unless I can
44:04catch a really good entry, I'm probably
44:06going to be using
44:09half size, which for me is like
44:12five
44:13micros.
44:25What's gold and silver doing right now?
44:31Not much.
45:15All right, sellers are coming in here.
45:21Let's see if we make another push down
45:23now.
45:31So, they're struggling the the
45:33the buyers are kind of struggling to get
45:35above this.
45:46And also, by the way, the
45:484-hour candle's about to open here in 5
45:50minutes, so
45:53it might be a good idea to actually just
45:55wait for that to happen.
46:41>> I'm going to go short.
46:42>> Order filled.
46:45>> And
46:47I'm going to
46:51risk like
46:54250 bucks basically at the top of the
46:565-minute. If we do start slamming lower
47:00and
47:01get past this low, I'm going to move my
47:04stop to break even, but if it wants to
47:06come back up and
47:08um
47:09basically
47:10buyers step back in again, it's fine.
47:13I'm going half size on it because
47:19that's a very strong possibility,
47:20especially being this close to the 4
47:22hours.
47:23There is obviously a chance that we do
47:25that.
47:28All right, let's see where that enter
47:30like right here.
47:38Then we're going to be looking for
47:40580 at first.
47:47All right, so sellers are stepping in.
47:48I'm moving it to break even.
47:50Cuz I was about 25 points almost in
47:53profit.
47:54But we had buyers attempt to push higher
47:56once, push higher again, then seller
47:59stepped in an additional time or another
48:01time. So, once we started coming back
48:03down, it's likely that that was no
48:05longer going to be the low that remains
48:07there. So, we're looking for us to
48:08basically come lower. If we come up and
48:11hit my break even, it's fine.
48:13Um
48:15actually
48:18I'm going to cover the
48:21Uh snapping back. Hold on.
48:25>> Order filled.
48:27>> All right, I got taken out of that. It
48:28went about
48:3125 points
48:34in profit.
48:35And then it
48:38is snapping back. So, now I got to be
48:39careful that
48:43we're going to range here. I don't think
48:44we're going to range here though because
48:45the um
48:494-hour candle's about open.
48:52But it was a
48:54it was an okay time, I'd say.
48:57But I just don't want it to snap back.
49:00Although
49:02we could have just fumbled that again
49:03and then it's going to melt right here,
49:04but it's fine.
49:19What I am looking at though is like on a
49:2115-minute candle
49:23this is a pretty weak 15-minute candle.
49:27And we have the POC sitting right about
49:29650, so like right here.
49:34Like right here.
49:48I do want to see how this 5-minute is
49:49going to close though.
49:51How the 5-minute and the 15-minute are
49:53going to close.
50:10A guessing game.
50:12I wouldn't say that.
50:18It's another wrong move and my stop loss
50:20to break even.
52:14>> So I got to wait, basically.
54:06>> Basically what I'm watching for right
54:08now is I'm going to see if it's going to
54:09go down to 527
54:11to take this out.
55:39Nice.
55:44Yeah, cuz we were watching this
55:46and it failed to push higher, so we came
55:48down to what we were what I mentioned
55:50was like 580.
55:52And then I wanted to see if we were
55:53going to basically continue pressure
55:57past 580
55:59or if we were going to then start
56:02uh
56:02turning around. So, we get to 580, we
56:04saw a little bit, and now buyers are
56:06starting to step in, so
56:11I just
56:12um
56:15move my stop to break even after we
56:18went like
56:2025 points in the profit.
56:52But right here at 650 is um
56:55what I marked out earlier of uh the
56:5715-minute POC, so I have to wait to see
56:59if we're going to
57:02get above this area.
57:20Yeah, I'm trading uh Nasdaq futures.
57:38>> Uh the 580
57:40is just
57:42um
57:46So, 580 is basically
57:49it's a couple things for me.
57:53There were a little bit of orders at
57:55580, but um it wasn't really like a heat
57:58level. Realistically, the heat level is
58:00550.
58:02All right, so we're going to see if we
58:03can actually break past this area now.
58:05But, um
58:10it's
58:11uh I use range fibs a lot, so to mark
58:13out premium and discount of the range.
58:15And so, if this is the range we're
58:16looking at, the 886 level is basically
58:19580 as well as it's um
58:22the bottom of This is an indicator I
58:24created.
58:26Uh it was the bottom of um
58:29the AVR of the indicator I have, so
58:33I was just watching that level. If we
58:34were going to continue lower, it was
58:36pretty In my head, it was pretty
58:37important that we actually
58:40continued past 580 with some aggression,
58:42but we're popping back up now. But, this
58:44is still an area that
58:46we need to see whether or not we're
58:48going to
58:49push through or if we're going Oh, [ __ ]
58:52Or if we're going to
58:53snap back down and begin to consolidate
58:55for a second.
58:58But, if the pressure looks good and we
58:59close pretty bullish here,
59:02um
59:04we may be coming back up.
59:18Um fibs,
59:20I actually learned um using like fibs
59:24and deviations from a
59:27a really good trader that I know.
59:29He kind of
59:30explained it all to me.
59:32Um I mean, the easiest way to do it is
59:33just by marking out ranges, but you can
59:35do a lot more
59:37with fibs, but they're
59:40I never really
59:41I'm only using them to understand
59:43location, if that makes sense. Like, I'm
59:45not using them to make trade decisions
59:47because they're just
59:49they're just lines on a chart, right?
59:50So,
59:54it's just understanding where we are in
59:55relative to the range, right? So, if
59:57this is the range
59:58from this swing low to this swing high,
1:00:00where are we? Well, we're
1:00:03this would be considered basically, if
1:00:05you're looking for longs,
1:00:07optimal trade entry, so OTE, but if we
1:00:09get below
1:00:11uh this area, then it's very likely that
1:00:13the low is going to get taken.
1:00:21All right, so that was a pretty strong
1:00:22close on the on the 5-minute here.
1:01:08Yeah, I was just looking at that on my
1:01:09other screen. Gold and silver right now
1:01:11are popping up.
1:01:13But, I usually don't trade them during
1:01:15New York session.
1:01:45>> All right, I'm going to go long right
1:01:46here.
1:01:46>> Order filled.
1:01:48>> But,
1:01:50um
1:01:54we're going to basically
1:01:58we're looking for this area to hold. If
1:01:59we start snapping back lower, I'm just
1:02:01going to get stopped out of it and I'll
1:02:03probably just
1:02:05call it a day, honestly.
1:02:17So, we're looking at uh
1:02:33If this candle flips bullish, I'm going
1:02:36to move my stop to break even,
1:02:38basically.
1:02:43All right.
1:02:45I need to see the buyers start stepping
1:02:47through pretty aggressively at this
1:02:49point uh to start going through these
1:02:52heat levels and taking this higher.
1:02:54Otherwise, we'll just take another break
1:02:57even trade.
1:02:59Keeping the risk pretty tight today
1:03:01because
1:03:03we kind of missed the major move of the
1:03:04morning. So, what I'm just trying to
1:03:06avoid right now is I'm trying to avoid
1:03:08us basically
1:03:11making the move in the morning and then
1:03:13just starting to consolidate. So,
1:03:22we'll see if we can pop up higher.
1:03:24If not,
1:03:26uh it's fine.
1:03:42Because there is a chance, by the way,
1:03:44when this 15-minute candle opens up, uh
1:03:47that we actually dig deeper into the
1:03:49previous 15 minute before we pop up, and
1:03:51that would have taken out my stop. So, I
1:03:52got to just
1:03:54If we're going to go, then we go. If
1:03:56we're not going to go, then just take me
1:03:57out the trade, basically.
1:04:05>> Order filled.
1:04:06>> All right.
1:04:18So, basically, three
1:04:20uh
1:04:23three break evens. Yeah, tomorrow is
1:04:26um
1:04:29Tomorrow is going to be pretty volatile,
1:04:31in my opinion. We have nonfarm payroll.
1:04:34We have
1:04:35um
1:04:39the Supreme Court opinion on the
1:04:40tariffs, which is really important.
1:04:43And then we have
1:04:44um
1:04:45Michigan sentiment.
1:04:47So, basically,
1:04:49depending on I mean, that's kind of a
1:04:50lot of heavy-hitting news that's coming
1:04:53out tomorrow, and so
1:04:56I'm
1:04:57trying to avoid myself like
1:05:01like I'm okay taking break evens today,
1:05:03because
1:05:04we basically missed this move, right?
1:05:06So,
1:05:08the chances of us having just a
1:05:09straight-up V-shape recovery
1:05:11without any type of whiplash.
1:05:14It's possible, but
1:05:17um
1:05:20I think that tomorrow is going to be
1:05:21pretty important, so
1:05:23I am a little bit like
1:05:25tighter on risk today because
1:05:34we're There's a couple reasons why is
1:05:37because we're in the middle of this
1:05:38range, right? So, like
1:05:44I don't like trading in the middle of a
1:05:46range.
1:05:47Especially it's like the higher time
1:05:49frame because basically we can
1:05:53we can I mean it's in the ATR is pretty
1:05:55large, but we can just kind of
1:05:57snap back and forth at this point. Like
1:05:59the major move happened in the morning,
1:06:00we dropped like 200 points.
1:06:04And there is a chance that we just start
1:06:06to whiplash. So, like
1:06:10we'll have to wait and see, but tomorrow
1:06:12should be pretty important.
1:06:14As far as for
1:06:16um
1:06:19how futures traders futures traders
1:06:23handle it.
1:06:24I mean
1:06:28try and trade it.
1:06:33What do you mean by handle it?
1:06:36We got to just wait to see. Well, first
1:06:38the nonfarm payroll is going to come out
1:06:41premarket.
1:06:43And then the other news happens 10:00
1:06:45a.m. Eastern, so
1:06:48we'll basically have to just wait and
1:06:50see.
1:06:51There'll be an opportunity
1:06:53to trade market open tomorrow because of
1:06:56nonfarm payroll, but then like once we
1:06:58start getting closer to 10:00 a.m.
1:07:00Eastern, it's probably better to be to
1:07:02wait a little bit, but
1:07:05after
1:07:06that news and stuff kind of happens,
1:07:09then
1:07:10I assume that there's probably going to
1:07:12be a move.
1:07:26But if I end today break even, I'm
1:07:30I don't really care.
1:07:45Cuz realistically, we kind of fumbled
1:07:47this one. We went short up here.
1:07:50My stop was like five points too tight.
1:07:53And that was the main
1:07:55trade I wanted to take.
1:07:58So now this is
1:08:03looking like something that I need to
1:08:05wait on because
1:08:11we have buyers stepping in right here,
1:08:12but we're not getting any type of follow
1:08:14through higher, so at least not yet.
1:08:19So I'm basically watching to see if
1:08:21we're going to dig deeper back into this
1:08:24area.
1:08:42But I would consider this drop obviously
1:08:44the move of the morning. So now that
1:08:46that's happened,
1:08:47that could
1:08:49honestly be
1:08:51the only move of the AM session. I only
1:08:54trade like the first hour and a half of
1:08:56the AM session, so
1:08:58if I miss this, then
1:09:00I missed it, you know, we'll just
1:09:04it is what it is.
1:09:08Short or long, bro?
1:09:12Uh whichever way you're not going to
1:09:13lose.
1:09:15Well, I'm I'm seeing I'm waiting right
1:09:18now.
1:09:23Yeah, I fumbled that short, dude.
1:09:25I entered in short basically right here
1:09:28with a stop like right here.
1:09:32And then I was targeting
1:09:34um
1:09:35these lows realistically
1:09:38for about
1:09:3950 points or so.
1:09:45Kazakhstan
1:09:47Is that where Khabib is from?
1:09:54Is that where all the wrestlers are
1:09:55from?
1:09:57It's dope
1:09:58if it is.
1:10:01Dagestan
1:10:03My bad, bro. Probably sound like a
1:10:04[ __ ] idiot.
1:10:11Borat? That's where Borat's from?
1:10:19Hell yeah, dude.
1:10:21What time is it over there? What time is
1:10:22market open for Kazakhstan?
1:10:39Astana
1:10:45Let's check it out.
1:10:52Oh, you live in the capital.
1:11:01>> Coal futures.
1:11:06Oh, this city looks pretty dope.
1:11:09Looks fancy.
1:11:20Trading a 5-minute orb. This is what's
1:11:22up.
1:11:23Yeah, the orb is pretty good.
1:11:39I used to trade a
1:11:40I used to trade the 30-minute orb. I
1:11:42don't really trade the orb anymore
1:11:44though, but it's a great strategy.
1:11:50As long as you trade it correctly, I
1:11:52guess.
1:12:07Nice.
1:12:11On a CFD.
1:12:19Are you allowed to trade with futures
1:12:21prop firms where you live?
1:12:23Or is that why you're using CFDs is cuz
1:12:25that's the only option?
1:12:36Funding pips.
1:12:58>> There's nothing for me to try and trade,
1:13:00honestly, right now. I'm just kind of
1:13:01waiting.
1:13:04Let's go take a look. Let's take a look
1:13:05at what silver and gold are doing.
1:13:20Had a pretty large drop overnight.
1:13:29Jeez.
1:14:23The volume's kind of dying out. We went
1:14:26from
1:14:27mid to high 40s
1:14:31to 30
1:14:33to 20
1:14:34and now this candle might be below
1:14:3620,000.
1:15:04>> But we keep seeing buyers step in, but
1:15:06like this follow through is like
1:15:09[ __ ] slow.
1:16:57>> So basically what I'm thinking right now
1:16:58is
1:17:01I'm essentially break even on the day.
1:17:03Took three trades.
1:17:06Two of them basically ran like 25 points
1:17:10in the profit and then
1:17:13hit us back at break even. This last one
1:17:16um
1:17:19I didn't want to see us get below here.
1:17:21We never did, but I did move to break
1:17:23even because
1:17:26I just wasn't liking the follow through.
1:17:28I was if it was going to happen, I was
1:17:29expecting it to happen faster. So
1:17:32since it wasn't happening faster and my
1:17:34target would have been up here.
1:17:37About 7:30, 7:35.
1:17:40So now that volume's kind of dying out
1:17:43and
1:17:44we're just sitting here.
1:17:46We're just going to wait because
1:17:49um this is not really a
1:17:52good area for me in my opinion to try
1:17:54and force a trade.
1:17:58Until I see something happen. But if
1:18:00nothing happens in the next, you know,
1:18:0130 minutes or so
1:18:03it's usually the time I stop trading.
1:18:06The 15-minute candle is going to close
1:18:08right now. So we're going to see how it
1:18:09closes and
1:18:12if there's any type of follow through
1:18:14from this buying pressure or if we're
1:18:16just going to start coming back down
1:18:17again a little bit into this area
1:18:20between here and here basically.
1:19:11>> So, we'll see if we can start getting up
1:19:13into this area. It's kind of doing like
1:19:15a
1:19:19like a slow grind up.
1:19:24So, we're not going to touch that right
1:19:25now.
1:19:28Although, we we may end up actually
1:19:30coming back into this area.
1:19:50But, we'll see right now. There's a 30
1:19:52seconds left on this 15-minute candle.
1:20:01And the previous and the POC of this
1:20:03previous uh this large 15-minute candle
1:20:06off the open
1:20:08is sitting right here.
1:20:12Basically.
1:21:19>> What I'm potentially thinking of though
1:21:21is if we do end up
1:21:24coming back down into this area, then
1:21:26I'll see if buyers step in again and
1:21:28then we'll try and take it long and
1:21:29target this uh basically.
1:21:33Uh but if that doesn't happen, then
1:21:35we're just going to sit here
1:21:37and just wait.
1:21:39Even though it's boring, like I mean
1:21:43it's just how it is sometimes.
1:22:12Yeah.
1:22:14Topstep TV
1:22:16if you're watching that stream,
1:22:19I would be careful.
1:22:25Topstep TV
1:22:27uh their track record
1:22:29if you were to go look at
1:22:32them winning or losing trades, it's
1:22:34pretty [ __ ] actually.
1:22:36At least it was last year.
1:22:56I mean, it makes sense though if you're
1:22:57going to watch live streams just to, you
1:22:59know, maybe see where your analysis
1:23:01stands against maybe somebody else's
1:23:03analysis, but
1:23:05to be honest, I mean, you guys really
1:23:07shouldn't be like going on live streams
1:23:10and trying to copy people's trades.
1:23:11That's like
1:23:14It's like
1:23:16I don't think it's a good idea. Even
1:23:18though I'm live streaming, yeah, but
1:23:20I mean
1:23:23It's how you'll never You'll never build
1:23:25your own conviction and confidence just
1:23:28only taking other people's trades.
1:23:31And then if you take other people's
1:23:32trades and then you lose, well, then
1:23:34there's the scapegoat, you know? You can
1:23:36just blame it on someone else, but
1:23:38um
1:23:41Under hearing other people's analysis,
1:23:43you know, sometimes it helps and
1:23:45sometimes it could [ __ ] you up.
1:23:48You just got to be careful.
1:23:54Cuz like let's say
1:23:56Let's say I think uh
1:23:58Let's say I think that we're we're
1:24:00likely going to come back into this area
1:24:04and you're saying, "Nah, we're going up
1:24:07higher just straight from right here,
1:24:08right?" And I'm wrong, and we just do go
1:24:12straight higher right here, and you
1:24:13didn't take it because I just conflicted
1:24:15your whole entire mindset saying that we
1:24:18might come back into this area before
1:24:20before go up. And then you're like,
1:24:21"Well, [ __ ] Why did I listen to this
1:24:23idiot?" You know?
1:24:25And also, yeah, there's a 7-second delay
1:24:27on the stream, so if you ever
1:24:29try and take my trades,
1:24:31uh just understand that there's like a
1:24:337-second delay.
1:24:39Yeah, eco guy quit his job to follow my
1:24:41trades, and
1:24:44we're struggling.
1:24:45No, I'm just joking.
1:24:47We're on um
1:24:50We're trying to get get our third payout
1:24:52on this account.
1:24:54I'm trying to build the balance up a
1:24:55little bit.
1:24:59So, I want to see us basically, right
1:25:01now, I want to see us dig a little
1:25:03deeper into this area.
1:25:06And then, I'm going to see if there's
1:25:08um
1:25:10any type of sign, basically, that buyers
1:25:13are going to start stepping in again.
1:25:16For us to come back down here and create
1:25:19another low,
1:25:20it would actually require like
1:25:24a lot of uh selling pressure.
1:25:29So, right now, it's it's more likely
1:25:31that this is a retracement for us to
1:25:34just continue back up than it is for us
1:25:36to just
1:25:37slice down until we start getting
1:25:39somewhere over here,
1:25:41probably, in my opinion.
1:25:52I mean, we might, but
1:25:55I don't think so.
1:26:22>> All right, so it's like around, you
1:26:24know, this area that I'd want to see a
1:26:26start
1:26:29stalling out the sellers and coming back
1:26:31up a little bit.
1:26:35If we start picking up speed going
1:26:37lower, then I probably will not try and
1:26:41take a long position.
1:26:43And like if we start getting down here
1:26:45towards this area,
1:26:49then obviously I'm not going to try and
1:26:50take a long, but
1:26:56cuz if we look at the 15-minute right
1:26:57now,
1:26:59there's still like 8 minutes left in
1:27:01this candle,
1:27:02but if we start pushing lower and we end
1:27:04up closing
1:27:05down here, that's not really a good sign
1:27:08for longs, but if this candle this
1:27:0915-minute candle basically begins to
1:27:12create a wick before it closes,
1:27:15um then we can try and look to take it
1:27:16higher, but until that, we're basically
1:27:18in this
1:27:20um area right here, right? That I was
1:27:22mentioning earlier.
1:27:24So, we got to just kind of
1:27:26wait a little bit.
1:27:28Or you could try, yeah.
1:27:30You can you can short it
1:27:32if you want.
1:27:40I need to actually remove this.
1:27:44Nice. Made another 100 bucks. Let's go.
1:28:01Cuz something I'm also considering right
1:28:03now is
1:28:05we did retrace back into the the first
1:28:07move down that had this
1:28:10the first this is a 15-minute candle the
1:28:11first 15 minute candle that really
1:28:13pushed hard down, we basically came
1:28:16right up into the
1:28:17the point of control of it and then we
1:28:19started turning around again, so it's
1:28:22important that if we want to try and
1:28:23take it long that there needs to be
1:28:26buyers like stepping in kind of
1:28:28aggressively
1:28:29um
1:28:31in this area, otherwise we're just going
1:28:33to actually go make a new low if we end
1:28:35up closing somewhere down here.
1:29:52All right, so we have some buyers
1:29:53stepping in. We got to wait to see how
1:29:55it's going to close though.
1:30:23>> So, not a bad close.
1:31:07Uh I'm going to
1:31:08probably attempt a long right here.
1:31:11And I'm going to have to have my stop
1:31:15loss
1:31:16um below this candle.
1:31:19If I end up losing this trade, uh I'll
1:31:22probably just stop for the day.
1:31:25But, we're going to see if price can
1:31:27take it back up to about 7:30.
1:31:36So, entry was like right here. We are
1:31:38getting a little bit of buying pressure,
1:31:40but we need to um
1:31:44push up pretty hard.
1:31:54And then if we do um break these highs
1:31:56here, then what I'm probably going to do
1:32:01is
1:32:03move the stop so that it takes me out to
1:32:06put me up like 200 bucks on the day.
1:32:09If we get up there, I mean, we could
1:32:11always just like reject right here and
1:32:13snap back down, but
1:32:15if we start pushing past this high right
1:32:17here,
1:32:18I'm going to then trail the stop to lock
1:32:21in a $200 day so that
1:32:23at least it counts towards this payout,
1:32:25right?
1:32:27At least the day will.
1:32:30But it probably will be the last
1:32:33trade of the day.
1:32:38So, we'll see if we can get some
1:32:39continuation here.
1:33:08But it is pretty important that this
1:33:105-minute candle is going to close
1:33:11strong.
1:33:13Otherwise,
1:33:16we may just lose the
1:33:18485.
1:33:19But this morning, you know, I made the
1:33:21decision where I'm okay with losing $600
1:33:23today.
1:33:25So, it's going to be within our
1:33:27loss limit we set for ourselves.
1:33:34And then yesterday, you know, if we made
1:33:36like three grand yesterday,
1:33:38and we lose 600 today,
1:33:40and then we stop at losing 600,
1:33:44then that's fine.
1:33:46There'll be more opportunities,
1:33:48probably a lot of opportunity tomorrow.
1:34:00>> But what I don't want to see on the
1:34:015-minute is I don't want to see the POC
1:34:04of this candle, this little yellow thing
1:34:06right here.
1:34:07I don't want to see it close
1:34:10with this candle um above the close of
1:34:12the 5-minute. I want it to be within the
1:34:14body of it.
1:34:27Where is this?
1:34:30667
1:34:44So, the new 5-minute's going to close
1:34:46here or this 5-minute's going to close
1:34:47here in about 30 seconds and then the
1:34:5015-minute's also going to close, so
1:34:54we'll see if we get a push or if it just
1:34:56drops back down.
1:35:16We're about 25 points in the profit
1:35:18again.
1:35:22So, this is not really a good sign to be
1:35:24completely honest.
1:35:27Um
1:35:29but I don't care. I'm just going to
1:35:30leave my stop where it is.
1:35:33I don't want to
1:35:35I could try and move it to break even
1:35:36again, but
1:35:39I would rather wait
1:35:41until it gets up here.
1:36:00>> Cuz what this
1:36:01um
1:36:04what this POC is basically telling me
1:36:06right now is that yes, we are trying to
1:36:08push higher, but we stalled out here.
1:36:11Buyers are not having a lot of strong
1:36:13follow-through right now.
1:36:16So, it's not a good sign.
1:36:20But, we'll hold it.
1:37:09Man, silver and gold are ripping right
1:37:11now.
1:37:16Taking back some of that overnight move.
1:37:59>> All right, this is not looking good.
1:38:01We're probably going to get stopped out
1:38:02of it, but it's all right.
1:38:10It will be the third
1:38:13trade
1:38:15that basically went 25 points in profit
1:38:18and then didn't continue in the
1:38:19direction before taking this out, so.
1:40:07>> Yeah, so this 5 minutes closing like
1:40:08this
1:40:11is essentially a sign
1:40:13that we're about to get cooked.
1:41:48>> All right. So, we're going to get
1:41:50stopped out of this
1:41:51if it gets past this POC.
1:41:54And we're just going to call it a day.
1:42:58My god, it's taking forever.
1:43:00If you're going to stop me out, just
1:43:01stop me out.
1:43:34All right, there we go.
1:43:37Let's finally going to take us out of
1:43:38this.
1:44:14>> [snorts]
1:44:46>> All right, there we go. Finally.
1:44:50>> Order filled.
1:44:51>> So,
1:44:54fumbled a bit today.
1:44:57Down 494. Just going to uh call it
1:45:00there. So, basically we tried to go
1:45:01short here, too tight of a stop loss.
1:45:04Tried to go short again here, moved to
1:45:06break even too early.
1:45:09Went long right here, break even.
1:45:12And then when we
1:45:14we were waiting for price to come back
1:45:15into this area, and then we were trying
1:45:17to take it long. We went about 25 points
1:45:19in a profit, and then there was just no
1:45:22follow through, so it just came back in.
1:45:24So,
1:45:25uh
1:45:27just take the L. This morning I told
1:45:30myself that if I go down basically 600
1:45:33bucks on the day, just going to stop.
1:45:36So,
1:45:37we're basically there, right? $500.
1:45:39Yesterday we made three grand, so
1:45:42um you know, keeping the losses
1:45:45relatively lower,
1:45:48then it's fine.
1:45:49Tomorrow there's probably going to be
1:45:52um
1:45:54more opportunity, so if
1:45:56we have volume dying off and we're kind
1:45:59of like sitting here
1:46:01uh in this area after we made a large
1:46:04move down, then
1:46:07we're heading closer and closer to lunch
1:46:10hour.
1:46:11Um
1:46:11it's better to just stop trading, so
1:46:14I think I'm going to call it there. I'll
1:46:17A little bit of a recap. I did actually
1:46:20trade this last night. So, we're working
1:46:21on this Evo.
1:46:23Um but other than that,
1:46:25down 500 on this account, and I will be
1:46:28back tomorrow.
1:46:31Um maybe like 15 minutes before market
1:46:33open.
1:46:34So,
1:46:35if you're going to continue to trade the
1:46:36rest of the day,
1:46:38just be careful.
1:46:40And I'll talk to you guys later. Peace.

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