Daily Recap | PnL: +$4,076 | Caught 260 points using GEX/Gamma levels — Transcript

Full transcript

1. 0:00Okay, so this morning we are currently
2. 0:03looking at a large move that happened
3. 0:05overnight. We are in negative gamma
4. 0:07territory. So we dropped about 470
5. 0:12points from the overnight with not much
6. 0:15structure, just a drop. We didn't see
7. 0:18much of a pullback at all. Now in terms
8. 0:20of gamma, what I'm looking at here is we
9. 0:23do have the put wall sitting here. We
10. 0:25are in negative gamma territory. So the
11. 0:27baseline expectations is more for faster
12. 0:30directional moves while we are in this
13. 0:32location, but I am paying attention to
14. 0:35the put wall here sitting at 27,060.
15. 0:38Now in the event that we actually begin
16. 0:40to accept below the put wall, I'll be
17. 0:43looking for us to fill the gap from the
18. 0:46new day opening gap here down to
19. 0:48potentially 26,944.
20. 0:52We left this here from last week and so
21. 0:55I will be watching this to see if we
22. 0:57actually make a move down here. If we
23. 0:58start accepting past the put wall. Now
24. 1:00in the event that we start moving back
25. 1:02up, I will be looking for opportunities
26. 1:04for us to turn back around and continue
27. 1:07the selling pressure. Eyes are set here
28. 1:10on what's going to happen at the put
29. 1:11wall, whether we're going to get a full
30. 1:13bounce off of it with true buying
31. 1:15momentum coming back up or if we're
32. 1:17going to accept lower and go and fill
33. 1:19the new day opening gap from last
34. 1:21Friday. Because we're getting currently
35. 1:23a bounce off of the put wall, I did
36. 1:25enter in on a continuation long here
37. 1:27looking for pre-market New York to
38. 1:29create a little bit of structure and
39. 1:31make our way up here. So I'm trying to
40. 1:33hit profit target right now. I'm
41. 1:34trailing stop and we're going to see if
42. 1:36we can lock in profit target on this
43. 1:39brand new eval.
44. 1:41Order filled. All right, so we were able
45. 1:43to hit profit target. We are getting
46. 1:45that bounce off of the put wall. We're
47. 1:47pushing up higher. Pre-market as the new
48. 1:50hour opens, I'm going to be looking for
49. 1:52us to put in some sort of high or create
50. 1:54some type of structure and then we're
51. 1:55going to be looking to trade the funded
52. 1:58accounts and some of our other accounts
53. 2:00here today. With the first trade that we
54. 2:02took, we were watching us come down. We
55. 2:04came into the new We came into the new
56. 2:06put wall location. We had buyers start
57. 2:08stepping in. We started coming up. I
58. 2:09entered in on the continuation of that
59. 2:12for us to create structure and we were
60. 2:14able to hit profit target. So we're
61. 2:16going to wait now. There is no We sold
62. 2:19just immediately off the open. There's
63. 2:21no wick to the upside. We may I mean
64. 2:23there's a tiny wick, but we may continue
65. 2:25this sell-off. Keep in mind if we are
66. 2:27going lower, eyes are set for the green
67. 2:30box right here for the end dog to get
68. 2:31filled and then we're going to be moving
69. 2:32into the hourly location. This is a very
70. 2:36important level though. So as we begin
71. 2:38to push back into the put wall, I'm
72. 2:41going to be watching footprint to see if
73. 2:44there's a potential for us to snap back
74. 2:46up because also if you're to draw out
75. 2:47this range on a 5-minute where we you
76. 2:50know it's sitting right right around
77. 2:51here. So we're pushing into that put
78. 2:53wall right now. What I'm actually going
79. 2:55to do on this eval is I'm about to fade
80. 2:57this. I'm going to put my stop at the
81. 2:59lows. We'll see if we start snapping
82. 3:01back up.
83. 3:03We have this hour or this 5-minute about
84. 3:05to close. I just need us to get to the
85. 3:07top of the 5-minute from the open for us
86. 3:10to just go test the open one time.
87. 3:13Order filled. All right, so we hit
88. 3:15profit target on that for about 84
89. 3:17points. Second trade, we pushed down off
90. 3:20the open. Little to no wick to the
91. 3:22upside. We approached discount of this
92. 3:255-minute leg. We tapped into basically
93. 3:28the put wall again. So I went long as we
94. 3:30began to stall here for a moment. I went
95. 3:32long and then we got out and the only
96. 3:34reason why we got out, just so you know,
97. 3:36is because profit target, right?
98. 3:40Because if we were holding this on like
99. 3:42a like a funded account, you would
100. 3:44actually want to hold it a little bit
101. 3:45more because there is a potential for us
102. 3:47to expand further up uh potentially into
103. 3:50here or even where the previous put wall
104. 3:52was. So So now I'm watching uh to see if
105. 3:55we're actually going to continue up and
106. 3:57then in the event that we continue up,
107. 3:59I'm going to have my eyes set on that
108. 4:00265 area for a potential to just watch
109. 4:03whether or not we're going to rotate
110. 4:05lower, rotate back again lower or if
111. 4:07we're going to actually start accepting
112. 4:09up past it and going higher. So we're
113. 4:11pushing up. This 265 area is going to be
114. 4:14key. We have the largest net call
115. 4:16volume, highest call volume, highest
116. 4:18absolute gamma and it was the previous
117. 4:20put wall. Our eyes are currently set on
118. 4:23265. All right, we're about 10 points
119. 4:25away from previous or this is the new
120. 4:28put wall. It moved from down here back
121. 4:31to up here. So this is going to be a key
122. 4:33level to watch for. We'll be looking to
123. 4:35see if you know we see any type of
124. 4:38reason to take a short up here
125. 4:40and then come back down or if we're
126. 4:43going to um accept back above it. If we
127. 4:46begin to accept back up Oh, hold on.
128. 4:49So we just got a little bit of a some
129. 4:51sellers popping in right here. I am
130. 4:53watching I'm like looking up here though
131. 4:56for a potential short, but I don't want
132. 4:58to take it yet. I want to I need it to
133. 5:00be cleaner. We have sellers, you know,
134. 5:03kind of entering in, but I just I don't
135. 5:06trust it yet. And if anything, what I'll
136. 5:08do is if we are going to put this in as
137. 5:11the high, then I'll be looking for us to
138. 5:14first of all get past this area back to
139. 5:16the 180 and I'll wait for another like
140. 5:18attempt higher and then a failure and
141. 5:20then I'll go short. There's two
142. 5:22potential areas I'm going to look for a
143. 5:23short depending on what footprint shows
144. 5:26me.
145. 5:30Here and here.
146. 5:31Or we're going to be watching this area
147. 5:33that has um
148. 5:34the 224 area and then 265 area. But we
149. 5:38need confirmation in terms of attempt to
150. 5:40push higher like right now and then we
151. 5:42need to see buyers fail and get
152. 5:45absorbed. If we start to rotate lower,
153. 5:46then I'm going to take a short.
154. 5:59All right, depending on how how this
155. 6:01closes, I might take a continuation
156. 6:02lower.
157. 6:03This is just an area right here where we
158. 6:05could potentially bounce back up from.
159. 6:09Order filled.
160. 6:10>> I'm going to go short right here. I'm
161. 6:12anticipating for us to break past this
162. 6:14area. We got our reaction out of the
163. 6:16area we were looking for. It wasn't as
164. 6:17clean as we wanted it to be. I'm just
165. 6:20going to be putting my stop right here.
166. 6:22I'm going to be targeting down towards
167. 6:23the the put wall again around 27,060.
168. 6:27So we are watching 265
169. 6:30didn't completely get up there. We did
170. 6:32get to that 224 level. We started
171. 6:34respecting it and we started seeing
172. 6:35sellers start stepping in. So at this
173. 6:38point I'm trying to see if we're going
174. 6:39to continue down back towards the put
175. 6:41wall of where we were pre-market and
176. 6:44where we tried to push down the first
177. 6:45time at open. We just need um a bit of
178. 6:49selling pressure to continue this move
179. 6:51lower.
180. 6:52Um and if we do start seeing some
181. 6:54selling pressure, then at that point I'm
182. 6:55going to be moving my stop to break
183. 6:57even.
184. 7:00All right, so we don't want to see price
185. 7:02at this point get past 181.
186. 7:04I'm going to tighten stop right above
187. 7:06this 5-minute candle. So we're risking
188. 7:08about 25 points because right here is uh
189. 7:12the POC of the last 15-minute candle. So
190. 7:14if we're going to continue lower, I need
191. 7:16to see it get respected and for us to
192. 7:18continue this drop lower back towards uh
193. 7:20the put wall.
194. 7:23All right, so we need to see some
195. 7:25continuation. Stop's not break even.
196. 7:28It's really important that we actually
197. 7:30get past this uh
198. 7:32large seller here. Otherwise, we don't
199. 7:34want them to be trapped and then we
200. 7:36spring back up.
201. 7:38All right, we're getting a lot of
202. 7:39pressure right now. Stop is going to
203. 7:41actually trail behind this 5-minute
204. 7:44candle.
205. 7:45So position's currently looking like
206. 7:47this. We're about $600 in profit. We're
207. 7:50going to see if we can get our
208. 7:51continuation lower towards the the put
209. 7:53wall here.
210. 7:55We just need to keep this selling
211. 7:56pressure. If
212. 7:58we stay below where this low volume node
213. 8:00is and these uh the large seller here,
214. 8:04then I'm actually going to trail it even
215. 8:05harder. Just right above this area. We
216. 8:08need to be careful as we start
217. 8:10approaching this area again where we
218. 8:11keep seeing buyers defend it.
219. 8:15All right, at this point I'm going to
220. 8:16trail even tighter just right above the
221. 8:19the large seller here.
222. 8:21We're getting good selling pressure.
223. 8:23I'm actually going to start trailing a
224. 8:24little tighter. I just don't want us to
225. 8:26bounce off of this area hard. So
226. 8:30Order filled. Beautiful. All right, so
227. 8:32we were able to catch this trade. We got
228. 8:35out at the put wall again because there
229. 8:37is a chance that we can bounce off of
230. 8:40it. But at that point, um I think I'm
231. 8:42actually done today. So
232. 8:44we were able to hit profit target on
233. 8:47this account with longs pre-market off
234. 8:50the put wall.
235. 8:51We were able to at the open have us drop
236. 8:54back into location, take longs again off
237. 8:56the put wall.
238. 8:58And then on the funded account, we were
239. 9:00looking for the previous put wall for a
240. 9:02potential reversal back down towards
241. 9:04these lows for a continuation.
242. 9:07Um We were watching this area, too. We
243. 9:09didn't see a clean entry until we
244. 9:10started slipping lower outside of this
245. 9:12compression. Then we went for a
246. 9:13continuation and targeted down here. So
247. 9:15in total today, 71, 85
248. 9:20and 104 points. So what is that? So in
249. 9:23total we caught 260 points today. In
250. 9:26total is about 1,000 ticks. So honestly,
251. 9:29that's a banger day. Makes makes me
252. 9:32comfortable to stop here. So I just want
253. 9:35to mention if we were to go look at the
254. 9:38daily bias that I had today, it
255. 9:41kind of played out perfectly in terms of
256. 9:43what we were actually looking for. We
257. 9:45were looking for price to come up off
258. 9:47the put wall, come into this area and
259. 9:49then have our continuation lower. And
260. 9:51this is exactly why I love Tanuki trade.
261. 9:55So if you guys want to test out Tanuki
262. 9:57trade,
263. 9:59I took a lot of the trades today based
264. 10:00off of gamma and gamma levels and
265. 10:02understanding the environment that we're
266. 10:04in and then using footprint as
267. 10:06confirmation for the trades that I took.
268. 10:09You can use never flat as the code. You
269. 10:11can get 10% off and then you can
270. 10:13actually have a 7-day free trial to test
271. 10:15it out with your own trading. But, it's
272. 10:17a really powerful tool and I use it
273. 10:19every single day when I'm, you know,
274. 10:21making my daily outlooks as well as when
275. 10:24I'm trading real time. So, I will catch
276. 10:26you guys next time I trade. Peace.