Got cooked -$863.78🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

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1. 0:34All right.
2. 0:37Another
3. 0:40day. What is up?
4. 1:39with the eval.
5. 1:42How How long you been on the eval for?
6. 1:52Uh I mean it just depends. Um,
7. 1:56it just depends like
8. 1:59what you're planning on using uh heat
9. 2:01map or bookmap for. I mean, I have like
10. 2:04a version of it right here.
11. 2:26Sorry, my bad. I'm texting somebody
12. 2:28right now.
13. 2:33All right.
14. 2:37Looks like we're actually going to be
15. 2:38coming down here.
16. 2:41Um, I like ATS because
17. 2:49I like ATS because um
18. 2:52it has both footprint and heat map. You
19. 2:55can get bookmap if you want.
20. 3:02You can get bookmap if you want, but
21. 3:05um I used to I used to only have bookmap
22. 3:08before.
23. 3:13But but honestly, like
24. 3:19I mean whether or not it's going to
25. 3:21benefit you just kind of depends on like
26. 3:23how how you trade. I guess
27. 3:27for the for the most part most people
28. 3:29are not like
29. 3:32I mean, I don't know. I don't know what
30. 3:34your situation is with trading, but if
31. 3:36you're struggling with an EVA going up
32. 3:38and down over the course of one week,
33. 3:41um, you know, there's a there's a chance
34. 3:43that it has nothing to do with your
35. 3:47strategy. You might just be like,
36. 3:51well, actually, I don't know. It's hard
37. 3:54to tell.
38. 3:56Yeah, bookmap is good for heat map.
39. 4:00But I mean like I have a heat map right
40. 4:02here.
41. 4:05All right. I can see it.
42. 4:08I have the the levels.
43. 4:27Um, if you were to like get bookmap,
44. 4:32it'll look very similar to this,
45. 4:34although it'll be kind of more like
46. 4:37it'll look maybe kind of like this. The
47. 4:39bubbles will be a little bit bigger. Um,
48. 4:44it's pretty it's pretty good though. But
49. 4:46it's like
50. 4:49bookmap or heat map is not going to be
51. 4:51like some type of magical thing that's
52. 4:53going to just totally transform your
53. 4:56trading. I mean, you're going to have to
54. 4:57learn how to use it. And then especially
55. 4:59with
56. 5:01um when it comes to with like heat
57. 5:03levels,
58. 5:05um these are passive orders. So, these
59. 5:08can get taken away uh really at any
60. 5:11moment. So,
61. 5:15you got to take that into account, too.
62. 5:17You got to understand that.
63. 5:21Yeah. resting orders can just get pulled
64. 5:23whenever
65. 5:25they could be spoofed. I mean, if
66. 5:27you're, let's say you were targeting um
67. 5:30or there was some large order right here
68. 5:32that you thought we weren't going to
69. 5:34push through and then they just pull it
70. 5:37right before price comes up here and we
71. 5:39just rip through it. Or if you were
72. 5:41targeting some type of heat level that
73. 5:42was up here that you thought price was
74. 5:44attracted to to try and take it out and
75. 5:46then it just gets removed and then now
76. 5:48where are you targeting? So,
77. 5:51I think footprint
78. 5:54is more important because
79. 5:57it's showing you basically it's more
80. 6:00important than a heat map. Heat map is
81. 6:02like a nice complement for footprint but
82. 6:05realistically like footprint is showing
83. 6:08you what actually happened. Um
84. 6:13bookmap is just showing you where level
85. 6:15where like uh levels are, right?
86. 6:21No, you should not be using uh footprint
87. 6:23on Trading View. That's
88. 6:26uh that's like the worst footprint you
89. 6:28can use. And the reason why is because
90. 6:31the way that they're calculating their
91. 6:33data is actually different. So, you're
92. 6:36not going to see the same information
93. 6:38that I see
94. 6:40when I look at my bid and ask ladder on
95. 6:43a test. You're going to be seeing like I
96. 6:45forgot how they calculate it, but
97. 6:49it's calculating it based off of like
98. 6:55not true orders. Like, it's not actually
99. 6:57calculating the amount of orders that
100. 7:00came through on the bid and the ask.
101. 7:01using some other type of calculation
102. 7:03where you kind of get an like an idea,
103. 7:07but it's like ticks up or ticks down or
104. 7:10certain amount of ticks or something.
105. 7:12I looked it up one time. I forget
106. 7:15though,
107. 7:17but I just know that it's like uh not
108. 7:19like a real it's not a real footprint
109. 7:21chart.
110. 7:25Yeah, ATS is good. I see a lot of people
111. 7:27using deep charts. Uh there's also
112. 7:29Sierra Charts. Quant tower has
113. 7:32footprint.
114. 7:37So I mean there's a few different
115. 7:39platforms. I just like uh ATS cuz I'm
116. 7:42used to it. I've been using it for a
117. 7:44long time.
118. 7:47Deep Charts looks pretty good. I've
119. 7:49never tried it though. But they also
120. 7:50have a heat map on there if you want it.
121. 7:52They also have big trades. They also
122. 7:54have uh you know your normal bid and ask
123. 7:58footprint ladder
124. 8:01and um CR Charts is like the OG but it's
125. 8:06a bit of a learning curve to set it up
126. 8:09correctly and
127. 8:11trying to use it
128. 8:13right now. This morning I'm looking um
129. 8:16to see if we're
130. 8:19going to continue lower. We um
131. 8:23we may pop back up here. So I am just
132. 8:25gonna wait, but
133. 8:28we fell right back into this range. It
134. 8:31looked like we were going to come out of
135. 8:32here, but we fell right back in the
136. 8:35range.
137. 8:36If we do start to head lower, I'm
138. 8:38looking for us to take these lows and
139. 8:39start heading towards about like 6:30,
140. 8:416:15. So,
141. 8:45we'll see if we can
142. 8:49see if we can um
143. 8:53make our way down there. We're about to
144. 8:55open up here. So,
145. 9:08we did have a pretty decent move during
146. 9:10London session to the downside. We
147. 9:13failed
148. 9:14to get past the daily volume imbalance
149. 9:16up here and we actually left relative
150. 9:18equal highs. Um, we we're probably going
151. 9:21to revisit those, but since we are in a
152. 9:23range,
153. 9:26I want to see if we're actually going to
154. 9:27continue further deeper into this range.
155. 9:35The first target is going to be, if we
156. 9:37do go lower, the first target is going
157. 9:39to be Monday's lows,
158. 9:42which is around um
159. 9:48the 630 level.
160. 9:57If we start to get above um
161. 10:01about 840 850 area and we have some
162. 10:04strong momentum to the upside, then I'm
163. 10:05going to be looking to take this back
164. 10:07higher. But until then,
165. 10:10we're going to see if there's
166. 10:10opportunities to go short.
167. 10:41All right. Uh I think we're
168. 10:48Let's see if this is going to whiplash
169. 10:50back up. We had some sellers try and
170. 10:51step in to push price lower.
171. 10:54There is a delay on the um
172. 10:57Project X chart right now.
173. 11:03All right, I'm going to enter in on the
174. 11:06shorts here.
175. 11:09It is pretty dangerous though because we
176. 11:11could just whiplash up right now.
177. 11:14Um,
178. 11:16but I want to just give it a shot
179. 11:18honestly.
180. 11:20So, I'm going to risk like
181. 11:26$400 440.
182. 11:30And we're going to be trying to see if
183. 11:32we can flush lower to
184. 11:35probably
185. 11:38630 area for maybe a 100 points if we
186. 11:40can get it. The moment we take these
187. 11:42lows though, um
188. 11:45I'm going to be moving my stop to break
189. 11:47even.
190. 11:56All right, we just took the lows. stops
191. 11:58going to break even. We'll see if we can
192. 12:00continue the flush down. I'm going to be
193. 12:01going for
194. 12:03uh
195. 12:06about 632.
196. 12:08See if we can and we're in five micros
197. 12:11because it is a market open trade, but
198. 12:12we are getting some momentum lower. I
199. 12:15want to see if we can take Monday's
200. 12:16lows.
201. 12:34Just don't want us to basically snap
202. 12:36back.
203. 12:39Keep in mind though if you're taking
204. 12:40trades that I'm taking, especially
205. 12:42during market open, there is like a
206. 12:44delay. So
207. 12:48you are very unlikely to get like the
208. 12:51same entry as me.
209. 12:58So, we're what I'm expecting right now
210. 13:00is for us to just basically melt
211. 13:02through. Um, I'm actually going to take
212. 13:06out majority of the orders right here
213. 13:08and then I'm going to leave two runners
214. 13:10because I think there is a potential
215. 13:12that we can actually get a little bit
216. 13:13lower.
217. 13:24I just don't want this to basically snap
218. 13:26back. I need us to stay below
219. 13:31here.
220. 13:53All right, nasty wick. We got hit at
221. 13:55break even.
222. 13:56We couldn't push lower. Buyers are
223. 13:59stepping in. So, we're going to wait
224. 14:01now.
225. 14:03We went about from our entry. I think
226. 14:06that was like 50 points in profit maybe.
227. 14:08Yeah, like
228. 14:11let's see.
229. 14:14Yeah, like 50 points in profit.
230. 14:17I just wanted it to go lower, but we
231. 14:20couldn't really get there.
232. 14:24That was a pretty nasty wick, though.
233. 14:36So, all these sellers are getting
234. 14:38trapped now. See if we're going to just
235. 14:39rip higher.
236. 14:47I want to see how this five minute going
237. 14:49to close right now.
238. 15:55I'm might attempt a long.
239. 15:59That was a nasty wick below and trapped
240. 16:02a lot of the sellers there.
241. 16:05>> Order filled.
242. 16:06>> All right, I'm going to go long right
243. 16:08here. I am going to have to have a
244. 16:10pretty big stop loss, though. So, we're
245. 16:12going to be risking like
246. 16:17like $900.
247. 16:19The moment we pop up here, if we can to
248. 16:21take the highs,
249. 16:24uh, I'm going to move my stop to break
250. 16:25even. Otherwise, we're going to be down
251. 16:26like $900 today.
252. 16:31And I might just have to chill for a
253. 16:35bit.
254. 16:43I would like us to just not get past
255. 16:46here with these buyers. Otherwise, it's
256. 16:48going to be like the nastiest
257. 16:50whiplash.
258. 17:00>> Order filled.
259. 17:01>> All right, I got absolutely cooked right
260. 17:03now.
261. 17:19That was nasty.
262. 17:21So, the reason why I thought we were
263. 17:22going to go long is because
264. 17:25we pushed lower.
265. 17:30We um took these lows and then as
266. 17:33sellers were coming in right here, they
267. 17:34basically failed to continue down to um
268. 17:41Monday's lows and we snapped back like
269. 17:43really hard. So, I was expect I was
270. 17:45expecting us to go higher, but I was
271. 17:47wrong. So,
272. 17:49and I went normal size on that. So, I
273. 17:52ended up taking like a $800 loss.
274. 17:56So So, now I have to wait cuz
275. 18:06I got cooked basically.
276. 18:42So, now that we're coming back down
277. 18:44here,
278. 18:46I'm going to see if we're going to
279. 18:49actually continue or if we're going to
280. 18:51end up making like a
281. 18:56whiplashing like range right here.
282. 20:20All
283. 20:32right.
284. 20:40Damn, dude. I got wrecked right there.
285. 20:43I was seeing if we were going to I took
286. 20:46a short thinking we were going to come
287. 20:47down to uh this area. Snap back, took me
288. 20:52out, faked me out. I thought we were
289. 20:54going to then start heading back up here
290. 20:59and then just got violated.
291. 21:30Looks like we're still going to be
292. 21:31heading down here though for now, unless
293. 21:34we just start
294. 21:36whiplashing back and forth.
295. 21:51I want to see how the 15 minutes going
296. 21:52to close.
297. 22:02I think if I lose one more trade though,
298. 22:04honestly, I'm probably just going to
299. 22:06stop trading for the day and just take
300. 22:08my take my L.
301. 22:25There it goes.
302. 22:57Thank you.
303. 23:49So, we're approaching uh
304. 23:53Monday's lows and then below that we got
305. 23:56a couple other lows here that we might
306. 23:58just wipe out. But
307. 24:07I fumbled I fumbled the shorts on that
308. 24:09one.
309. 24:12You know I want to chase it.
310. 24:30And I'm going to wait for this 15-minute
311. 24:31candle to close.
312. 24:59All
313. 25:15right. So, we took Monday's lows.
314. 25:21Now, we're going to see if we continue
315. 25:23down to take uh Thursday's low from last
316. 25:27week.
317. 25:32Well, this is Friday's low, but
318. 25:34Thursday's low is right here.
319. 26:05All
320. 26:34right. There's nothing I can do at this
321. 26:36point. I got to just wait now.
322. 26:41I fumbled the fumbled the move of the
323. 26:44morning or one of the moves of the
324. 26:46morning.
325. 26:48Got faked out
326. 26:52and then just watched our original plan
327. 26:55work out
328. 26:58and now we took the lows. We may come
329. 27:01down here, but I can't really enter it
330. 27:04because
331. 27:08it would just kind of be I wouldn't want
332. 27:11to take a loss on that.
333. 27:36I'm going to be looking to see if this
334. 27:38area is going to basically hold with the
335. 27:42sellers
336. 27:44and if we're going to continue lower, if
337. 27:45we're about to just
338. 27:47snap back.
339. 27:56We do have news. Um, it's not like major
340. 27:59news, but it's still red folder
341. 28:02at 10 a.m. Eastern.
342. 29:28All right. So, what I'm thinking right
343. 29:30now is
344. 29:32yesterday we made 3,600.
345. 29:35So,
346. 29:36I'm going to if I do take another trade,
347. 29:40I'm going to risk like 400 bucks. I'm
348. 29:42going to have to go five micros to try
349. 29:44and make some of the
350. 29:46losses back.
351. 29:49And then if I end up losing 400 and we
352. 29:52go down like
353. 29:5412 $1,300 on the day, I am just gonna
354. 29:58have to stop.
355. 30:03But it's all right.
356. 31:43I might wait for the 4hour candle to
357. 31:45open with the red folder news that we
358. 31:48have.
359. 32:31order filled.
360. 32:32>> All right, I'm going to go short. It's
361. 32:34going to be my last trade. If this snaps
362. 32:37back and takes me out for like $400
363. 32:40right now,
364. 32:43uh then I just got cooked today and then
365. 32:46I'll just come back. um tomorrow,
366. 32:50but we're going to be seeing if it can
367. 32:52come lower down to the 569 area.
368. 33:15Oh
369. 34:14If we come down right now and uh take
370. 34:16out the order sitting at 600, I'm going
371. 34:18to move my stop to break even. We're
372. 34:21basically going for about um
373. 34:27like 60 points right now.
374. 34:30But we have a pretty big stop loss,
375. 34:48but it needs to close lower. Otherwise,
376. 34:50this is about to open the next fivem
377. 34:52minutee candle here and then just rip
378. 34:56to take our at our stop.
379. 36:21All right. So once we um
380. 36:40I needed to flush basically to take out
381. 36:44600 so I could move my stop to break
382. 36:46even.
383. 36:58It's stalling out right here. I'm going
384. 37:00to just move my stop to break even.
385. 37:02Plus, I really need to go to the
386. 37:04bathroom.
387. 37:09Yeah, I was expecting um
388. 37:12>> more momentum to come through, but
389. 37:16I need to be careful basically.
390. 37:19Because because if um
391. 37:23if the idea this morning towards the
392. 37:25open right was I was saying that I was
393. 37:27looking for price to go lower to take
394. 37:29out basically these two lows right here
395. 37:32and we have news news coming in right
396. 37:34now. So, if
397. 37:37I was looking for this move for us to
398. 37:40basically drop off the open, come down
399. 37:43here, take this out, take this out, and
400. 37:46then we already just did that. And then
401. 37:47now I'm in another trade trying to
402. 37:49extend it lower. Uh, it's kind of And
403. 37:53I'm already in draw down because I got
404. 37:55faked out on the longs. Oh, you can't
405. 37:57even see my screen. My bad. So I said
406. 38:00earlier this morning when we were
407. 38:02opening up I was looking for us to take
408. 38:04these two lows out basically.
409. 38:08So I entered in the first time we went
410. 38:10like 50 points in the profit. It snap
411. 38:13back and then I try to go long here got
412. 38:15wrecked. But now after it's already
413. 38:18taken this out, I'm taking like a really
414. 38:21late attempt to try and basically have
415. 38:24price continue lower to these lows,
416. 38:27which is pretty risky to do so,
417. 38:30especially right before we have the
418. 38:324hour candle open up. So I got to just
419. 38:36got to just chill.
420. 39:36All
421. 39:50right, let's see what the 4 hour does
422. 39:51right now.
423. 40:14The ATR is massive right now on
424. 40:18five minute candles.
425. 40:21It's 41 points.
426. 40:37Nasty.
427. 40:39It's going to take the final low here.
428. 40:42Or is it not?
429. 41:17Damn, dude. I'm so bummed that I let
430. 41:20myself get faked out this morning. The
431. 41:24bias was lower.
432. 41:26I said it right when we opened the
433. 41:28stream. I said I'm looking for price to
434. 41:30go lower today. I tried to take it lower
435. 41:34and then this five minute candle just
436. 41:36like
437. 41:38I should have never went to try I should
438. 41:40have or at least if I went to go long
439. 41:42right here
440. 41:44I should have just went half size.
441. 41:49because it was against my bias in the
442. 41:51draw because the draw for the day where
443. 41:53these lows that were just like sitting
444. 41:55here,
445. 41:57you know, we're coming down
446. 42:00this area right here was Whoops.
447. 42:05was the draw with
448. 42:08this one being realistically
449. 42:11the final draw. I mean, we do have like
450. 42:13this uh gap down here that was like
451. 42:16quote unquote never filled, but uh I
452. 42:18don't really care for that. I was mainly
453. 42:20looking at this as the last draw for the
454. 42:22downside
455. 42:24and
456. 42:26I just fumbled it. So now at this point,
457. 42:29right, it's like, okay, the move of the
458. 42:32day, move of the morning that I was
459. 42:34looking for has already happened, but I
460. 42:38fumbled it. Even though I was
461. 42:40anticipating this to happen, I fumbled
462. 42:42it. I was still wrong.
463. 42:46And now we're down 860. So yesterday we
464. 42:49made 3,200.
465. 42:52Today we lost 860.
466. 42:55I did get I did get paid from top step
467. 42:57last night.
468. 42:59But I don't want to cause like
469. 43:02a bunch of damage to my account today,
470. 43:05especially after
471. 43:07what we were looking for basically
472. 43:08played out.
473. 43:11So, that's a bummer. But what can you
474. 43:14do? You know what you can do is you can
475. 43:16even you can try to get even or get even
476. 43:19worse. And I don't want to do that. So,
477. 43:22I'm gonna sit here for a little bit. But
478. 43:24realistically, like
479. 43:28it's done. This is what I wanted. It
480. 43:31happened.
481. 43:33I missed it. I fumbled it. Now we got to
482. 43:36just
483. 43:38accept it and move on.
484. 43:46I wish it didn't snap back at the open.
485. 43:48That would have been nice. Some like
486. 43:50right here.
487. 43:57Yeah.
488. 44:01Wait, I got to leave this here actually
489. 44:04because this hasn't been taken yet.
490. 44:10Let's
491. 44:14see.
492. 44:40getting sick.
493. 45:45Let's take a look at what silver and
494. 45:47gold are doing.
495. 45:49They're coming down.
496. 46:09All right. Honestly, I got cooked today.
497. 46:12I gotta just take it on the chin. If I
498. 46:14The longer I sit here and sit on stream,
499. 46:16the more likely I am, the more likely I
500. 46:18am to just take another trade. I don't
501. 46:21think I should be taking another trade
502. 46:23today
503. 46:25because what I was looking for to happen
504. 46:27already happened. So, it's going to be a
505. 46:28bit of a shorter stream today because we
506. 46:30took a L and then the move played out
507. 46:33actually pretty quickly.
508. 46:35So,
509. 46:38I'm going to take a break. I don't think
510. 46:40it's a good idea to continue to trade
511. 46:42for me. If you're going to It is good
512. 46:45volume. It's good momentum. So, if
513. 46:47you're going to continue trading, good
514. 46:49luck. But unfortunately, today was not
515. 46:51my day. And the best thing to do at this
516. 46:55point is just not make it worse. So,
517. 46:57I'll be back tomorrow
518. 47:00and uh
519. 47:04yeah, so see you guys later. Peace.