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Hit profit target on 2 Evals | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 7,403 words · 1,177 segments · language en · Watch on YouTube

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0:20All right.
0:25Good morning.
0:31So, the good news is that I locked in
0:35my [clears throat] winning day on this
0:37account. So,
0:39the market closes, I'm going to take a a
0:42max payout with top step.
0:47So, what we're going to do is now that
0:49we're up on the month after I take this
0:52payout,
0:54we're going to be working on some eval.
0:57It's like all I'm going to do the first
1:00week or two
1:03is just milking the larger account and
1:06then focusing on trying to take payout
1:08or
1:10focusing on trying to pass some more
1:12evals
1:19so that we could have a big ass army.
1:21Big ass army of them.
1:50So, we got some time before market
1:52opens.
1:55Basically what I'm thinking today
1:58um
1:59is so far like our weekly outlook um and
2:03yesterday's daily outlook played out
2:06kind of exactly how I wanted to see it
2:08play out. So we gapped down at the new
2:12week. We pushed into discount and then
2:15we started making our move higher into
2:17premium of the higher time frame range.
2:21kind of what I'm thinking right now is
2:22sometimes after a day like this um
2:26especially because there's also this is
2:28the first week of the month.
2:31Oh, my bad. My bad. Can you hear me now?
2:39All right. Well, what I was saying
2:41earlier is uh
2:44I locked in I locked in my winning day
2:46on this account. So, we're going to pull
2:47a a payout at the end of the um at the
2:50end of the day today. So, the goal for
2:53the first couple weeks here of this
2:56month is just to focus on passing more
2:59funded accounts. So, I'm just going to
3:00like full port some meals. But,
3:04um
3:05what I'm thinking of it for today is so
3:09far the weekly outlook that I posted in
3:11the Discord has been playing out as well
3:14as yesterday's daily outlook. So, we
3:16gapped down at the new week open. We
3:18pushed into discount of the higher time
3:20frame range. So, the higher time frame
3:21range is basically like on the daily
3:23here.
3:25It's like this big ass uh consolidation
3:27we've been doing. So, what I want to see
3:30us do is
3:33eventually continue higher. But what I
3:35think is actually going to happen this
3:36week is we we might actually just stay
3:38in this range.
3:40So usually what happens or what can
3:44happen not usually but what can happen
3:46after a large day like we had yesterday
3:49and because we have a government
3:51shutdown and because it's also the first
3:53week of the month where we have
3:54heavyhitting
3:56uh news basically
3:59that may or may not even get released
4:02um due to that government shutdown.
4:06there is a chance that we can actually
4:07whiplash um and consolidate here today.
4:11Now, it doesn't mean like it'll be
4:14small. It'll be volatile, but just
4:16without much direction. That's a
4:18possibility that I'm
4:20that I understand can basically happen
4:22today because of the move yesterday.
4:25Realistically, in a perfect world, what
4:27I'd want to see is for us to actually
4:28push lower and take the lows, come
4:31somewhere into yesterday's large move
4:33up,
4:35and then start to bounce higher.
4:38There is a chance that we do maybe take
4:40these lows, come up, take these highs.
4:42I'm going to be watching 26,90
4:45area for us to basically turn around and
4:48then begin to chop in here. But I would
4:52like to see us go lower. So
4:57basically what I'm watching for is I'm
5:01watching at the open to make sure that I
5:03don't get caught in chop,
5:06I think there's a pretty good chance
5:08that we may like whiplash back and forth
5:11and consolidate. Now, if we don't
5:14whiplash back and forth and start
5:17consolidating,
5:18then if we push lower, I'm looking for
5:20us to take Asia lows and I'm looking for
5:22us to take 821 and then push into this
5:25area specifically with my eyes set on
5:28this area right around 700.
5:33If for whatever reason we just pump at
5:36the open, which I don't really think is
5:38likely, but if we just pump at the open,
5:41then what I'm going to be looking at is
5:44for us to take London highs, for us to
5:46take 2650 or 26,50,
5:50and then I'm going to be watching 20
5:5226,90.
5:54I'm not really imagining, and it's
5:58possible, but I'm not really imagining
6:00that we just literally like
6:03take Asia lows and then just basically
6:06rip higher. If we do that, it would be
6:08pretty crazy. But
6:13I'm not really going to consider that a
6:15possibility until we even get past this
6:17area. So,
6:21Whoops.
6:26So, that's kind of what I'm looking at
6:27for today. But I am only going to I'm
6:30just going to be trading some um
6:34Oh, yeah. We also have a lot of earnings
6:35this week. That's right out.
6:38But, um I'm just going to be trading
6:40some combines today. So,
6:43I may blow them. I may I may hit profit
6:47target. I'm basically going to full port
6:49them.
6:58What up, Rocket?
7:20So, we might actually end up taking
7:22these lows, these pre-market lows before
7:26the market even opens
7:33again. The most ideal situation though
7:36is if we were to open up
7:39basically dump take Asia lows take the
7:43lows at 821 and then I'm going to be
7:45watching around 700 for some type of
7:49reaction of buyers basically.
7:55But the main goal for today is just if
8:00we do take these lows and then we start
8:02chopping
8:03to avoid it
8:06or to scalp it. But
8:11if I was trading my funded account, I
8:13would just avoid that. But I'm not. So,
8:16I'm going to be trading um
8:18some evals.
8:21So, we'll be a little bit more
8:22aggressive. But
8:26I'm going to try and not blow both of
8:28them, but if I do,
8:32[ __ ] [ __ ] happens.
8:48>> [snorts]
8:55>> But basically,
8:59I am in a position right now where I'm
9:02basically just milking this account. So,
9:04like the past 15 days, we've basically
9:06requested like 15,000 in payouts out of
9:08this. So,
9:10I'm going to you I'm using those profits
9:12to essentially just
9:15full port evals. I'm going to blow some.
9:18I'm going to pass some, but at the end
9:19of the day, I'll still have this
9:20account. And then
9:24I'm going to try and get to like eight
9:26or 10 funded accounts. And then we'll
9:28just start copy trading them in groups.
9:32Probably groups of five.
9:44Yeah. Reinvesting because this this
9:46account at this point is basically like
9:47a P&L anchor. So,
9:50it's an opportunity to basic to it's an
9:53opportunity to just milk this and then
9:56use profits to scale more evals,
10:01scale more funded accounts
10:09because this month essentially
10:14the P&L is already locked in. Like I'm
10:17just going to milk this. I'll probably
10:19end up taking like 15,000
10:22in payouts this month.
10:26And then
10:28the goal is thinking about March. So,
10:31I'm trying to set myself up properly
10:37to be in a pretty good position come
10:39March when it comes to like how many
10:41funded accounts I have because by that
10:44time, this account should be much lower.
10:47After taking all the payouts, it should
10:48be probably like
10:50under 10 grand.
10:53What up, the Drake Tech?
11:10Why March? Well, because whenever I'm
11:13trade when I when I trade with prop
11:14firms, the way that I think about it is
11:16I'm always thinking about next month.
11:19Um
11:22because the goal is to
11:24the goal is basically to set yourself up
11:27so that you're you never want to be in a
11:30position where you basic where you just
11:32have to start fresh every single month.
11:34It's just it's a [ __ ] pain in the
11:36ass. Like if you start fresh with no
11:39funded accounts, you're essentially
11:41starting out behind. You're starting in
11:43a hole and then you're paying fees
11:48instantly. net negative on the month to
11:51then try and basic try and like uh
11:55sorry I'm kind of [ __ ] tired trying
11:57to uh
12:00dig your way out of a of a hole right
12:03and so if you start with funded accounts
12:05that are payable
12:08then you can start the month net
12:10positive
12:11and then it makes the psychological
12:13pressure like a lot easier
12:17and then you just manage manage bankroll
12:19at that point. So then if you manage
12:20bankroll at that point and you're using
12:22profits every single time you're net
12:24positive to scale more funded accounts,
12:28then it's pretty difficult for you to to
12:30go net negative on the month unless you
12:32blow like a [ __ ] ton of accounts. But
12:34it's not likely.
12:39I'm going to go short right here
12:41pre-market with three minis.
12:53This is pretty risky though because this
12:55may just stay right here and then
12:58we open up and just rip.
13:02So once we actually push a little lower,
13:03I'm just going to move this to break
13:05even.
13:08if we even move lower.
13:14And then just to give ourselves like
13:16another opportunity, I'll just put my
13:18stop at the top of the wick.
13:38That was pretty nasty. I didn't have
13:39time to move it to break even.
13:57I'm actually um
14:08if it makes another push down right now,
14:10I'm going to move it to break even.
14:14I just want to see it uh essentially
14:15just flush and take these lows and then
14:17we would hit profit target if it does
14:19that or it's going to just pump right
14:21now and I'll start the morning down like
14:29a little under 600 a little over 600
14:54But when it did this move right here
14:56with this wick, I was kind of expecting
14:57it to continue. So, it's not really a
15:00the fact that sellers can't continue is
15:02not really a good sign, but it's all
15:05right.
16:04But here's the here's the problem. So,
16:06if we don't start going right now,
16:11um the market's about to open in less
16:14than a minute. So
16:17I am going to move my stop to break even
16:19because
16:21we may just like
16:24open up and then snap up and then snap
16:28down. So
16:34we'll see what happens in 30 seconds. If
16:36we can still keep a little bit of room
16:38between opening price and our break
16:40even, then we may be able to take the
16:43lows first and then
16:46hit the uh
16:50the TP. But if it hits our break even,
16:52it's fine. I'll just I'll just wait. But
16:55I thought it was kind of like lowhanging
16:57fruit for us to try and
17:00hit a profit target on the first EVO
17:02before
17:04market opens.
17:10All right, cool. So, we're starting to
17:13make that push down. We're going to see
17:16if we can take uh Asia lows here.
17:37I think we're probably going to
17:38continue,
17:42but we're going to have to wait and see.
17:50And we got to remind ourselves the most
17:52important thing that we got to do this
17:54morning is make sure we don't get caught
17:55in some chop.
17:58That's really the biggest thing right
18:00now.
18:01The good news is that at least we hit a
18:03profit target on one eval. So,
18:25now we're on to the next one.
18:37I'm going to go short again on
18:41this account and look for us to take
18:44Asia lows. I'm going to move my stop to
18:47break even.
18:49And I'm going to see if we can get the
18:51flush. Oh [ __ ]
18:53All right. Well, I accidentally uh
19:00I got to make like an extra 60 bucks.
19:02Hold on.
19:05I kind of [ __ ] that one up.
19:11So, we took Asia lows. So, now as we
19:13move lower, I'm basically watching to
19:15see if we're going to continue sellside
19:17pressure down to take the lows at 821.
19:20I'm not looking to long it anywhere
19:23anywhere right here.
19:28I gota uh
19:31>> I got to scalp a quick uh $100. Hold on.
19:37What is 75?
19:52Oh [ __ ]
19:54Hold on. I [ __ ] that up. I need to
19:56[ __ ] change this
19:59300.
20:01Dude, that'd be pretty [ __ ] [ __ ]
20:03if [laughter] if I if I basically hit
20:05profit target and then [ __ ] this one up.
20:08But it's okay.
20:11Why is it not doing it? Whatever.
20:15Where is it? 300.
20:20Okay, now we got it.
20:24All right.
20:27Well, what do we do now? We buy another
20:30account.
20:34No, I'll probably just chill.
20:57But this would have been a great
20:58opportunity to go short. And then if I
21:02wasn't on an eval, I'm targeting A21.
21:27So hopefully we pass those tomorrow.
21:31Hopefully I don't blow them. Trying to
21:33trade silver later. I probably I'll
21:36probably not trade silver later. I got
21:38wrecked trading silver yesterday. I had
21:41like three evals that were halfway done
21:42and then I [ __ ]
21:45wrecked all three of them.
22:23But when we do take these lows, that's
22:26when
22:27um if we take these lows,
22:32that's when I would start considering
22:34potential
22:36belongs
22:39if I see preferably down here, but
22:42that's kind of far away. So, it's like
22:44170 points away. So,
22:48but we're only 5 minutes into open and
22:50we already dropped like damn near
22:55100 points. So,
22:58we might get down there.
23:03The worst case scenario is that
23:07then we do this.
23:11Oh [ __ ] So we do this. Like I don't
23:14want to see that. Well, it doesn't
23:16matter anymore because I'm kind of done
23:17trading at this point. But
23:20I'm just tape reading now.
23:51Did anybody else take the shorts
23:55and is holding it to 821?
24:10Where are you looking to long rocket?
24:14Because we are overall we are 100%
24:18bullish right now in my opinion. I think
24:21we're totally bullish. But I just expect
24:23this to get like a retracement to happen
24:26before we start making our move higher.
24:30820.
24:32So, right after we take the lows. Okay.
24:38That's what's up, Jaran. Did you get out
24:41of it or you still holding it till 8:21?
25:04If you're still Oh, you got out of it.
25:06Oh, you took it on the express. Let's
25:08go.
25:22All right, we're taking it right now.
25:23Here's the order sitting here. We just
25:25took 821.
25:31So
25:35for me,
25:38we're now entering long territory.
25:43But just because it gets over here
25:45doesn't mean we're just going to for me
25:48doesn't mean that I'm just going to
25:49blindly try and take a long position.
25:55It's just location and then we have to
25:58watch
26:00what is going to happen.
26:26That was a pretty clean move off the
26:27open though. It was kind of um
26:35it was
26:37it was just like a just like handed to
26:40us on a silver platter. It was pretty
26:42chill.
26:52And the reason why, by the way, is
26:56I was looking for a retracement here,
26:58right? For us to basically come back
27:01into this area.
27:03And pre-market, what happened is we
27:05established a high, we came down, we
27:09made a lower high, and then we were
27:12right here. And I just thought, well,
27:14it's a lot more likely we take this and
27:15this than we snap back up and just go
27:18this way.
28:56that was a pretty quick morning.
28:58Honestly,
29:14All right. So, current situation is
29:19I'm halfway done with these two evals.
29:23Fingers crossed I at least pass one of
29:25them. I should at least pass one of
29:27them. And then I have a EVA halfway done
29:31with my funded futures. And then I just
29:34finished two funded futures network
29:38evals. I just need to flip contracts for
29:40like a couple more days.
29:42and then I'll have those funded accounts
29:49and then we're going to build some more.
29:51The goal is
29:53because those new my funded flex or my
29:56funded futures flex accounts are
29:57basically replicas of topep accounts
30:01with the only difference being like 8020
30:03split. We can get five express accounts,
30:06five flex accounts, and then the two FFN
30:10accounts. That's kind of like the goal.
30:15Oh, look at those sellers coming. So,
30:18we're coming. So, this area right here,
30:22man, that was nasty. This area right
30:24here is where I'm
30:26where I was planning on looking for
30:28potential longs. But, of course, it's
30:32just an area. It's just location. We
30:34would have to see what's actually going
30:35to happen. But um I'm not going to trade
30:38it cuz I'm done. But what a short, dude.
30:41Look at that thing.
30:45That went from 785 to
30:49dropped 60 points in like 3 seconds.
31:06Yeah, that was pretty gross.
31:10So, like [clears throat]
31:13pre-market, I decided that if I were to
31:16be looking for longs or for shorts to
31:18basically get exhausted, I'd be looking
31:19in this area where this where this box
31:22is.
31:23Now, this obviously it's in this box,
31:25too. But this box is like [ __ ]
31:28massive. So,
31:31I mean, look for longs in the 200 point
31:34range. Like, that's [ __ ] So, we got
31:36to dial it in a little bit. So, here we
31:37are. That's better. 30 points. So, as
31:41price comes into here, I'd basically
31:43watch to see if um selling pressure is
31:48going to start getting like absorbed or
31:50if we're going to get exhausted. And
31:52then what's important now though is when
31:54we do come back up, we need to rip past
31:56this. These sellers,
31:59we would basically need to just start
32:00ripping past it.
32:10I don't think that that was the low,
32:11though.
32:14I think we're actually
32:17going to snap down a tiny bit further.
32:30at least to take this uh 5m minute
33:20So,
33:25we were supposed to have uh like jolts
33:28today, right?
33:34But we have that shutdown. Is that what
33:37is that what was supposed to happen
33:39today? Jolts.
33:42It's usually on a Tuesday.
34:14Um, for the order flow chart, I'm
34:16looking, this is a five minute, but on
34:19my other screen that you guys can't see,
34:20I have a 15-minute open as well.
34:29We are coming up a little bit on this
34:30fivem minutee candle, but I don't really
34:32trust this
34:34to be honest.
34:37I don't trust it yet.
34:41I need to see how this is going to close
34:43and then
34:45the next fivem minute candle is going to
34:47do.
34:52Whenever I'm looking for like whenever
34:53we have a a super sharp move down
34:58and then um I'm looking for a reversal.
35:01I don't like it when
35:04the candle that's starting to make the
35:06reversal didn't get past these the
35:08previous candle's lows. Like I
35:10realistically, if this is the candle,
35:12I'd want to see it have a wick past it
35:15and then we can go higher. So, whenever
35:18we have a situation like this where
35:21here's the low and then the hourly is
35:23also going to close in 10 minutes and
35:26this is the new candle's low, it makes
35:28me suspicious of it. Although, this
35:31could totally be the area where we just
35:33turned around. I mean, it came into the
35:34location we were watching for, but
35:39just looks suspicious to me.
35:46But, who knows? Maybe we're about to
35:47have a Maybe we're about to have a nasty
35:49V-shaped recovery right now.
36:09I need to delete this.
36:22866.5.
36:24Where is that? 866.
36:29So, I'm watching this. This is the PC of
36:32the previous 15-minute candle.
36:42If we do start coming up,
37:10That was a decent close on the five
37:11minute, but again, I don't really trust
37:13that.
37:17I just don't like how it did this.
37:30And there's also no imbalances in this
37:32uh
37:33candle,
37:38meaning that both parties were present
37:40in this candle. Both sellers and buyers,
37:44even though this is a
37:47decently strong bullish candle,
37:52suspicious
38:22It's a Perfect perfect example of why
38:25you should wait for that because think
38:27about it like this. Imagine you tried
38:29you saw this, right? You saw this area
38:35and you go, "Oh, we closed above it. I'm
38:39going to enter long." Okay. Well, you
38:41would have instantly been in like 50
38:45points of heat.
38:48The more ideal situation for this is
38:50like if you were trying to go long or if
38:52I was trying to go long.
38:55I would wait for us to create one more
38:58low
38:59and dig deeper into here and then look
39:02for a candle that has a wick below but
39:04closes bullish
39:06and then you would be able to have a
39:08better risk-to-reward on that.
39:13But this candle was suspicious.
39:15If we're really going to flip like that,
39:19delta should have been higher in my
39:20opinion and there should have been at
39:23least
39:25some uh like if we were basically going
39:27to flip. I mean, we can still come up,
39:29but I'm just saying if we were going to
39:30flip and then run, it should have been
39:32more
39:34it should have been more clear
39:37about the shift in control basically.
39:40But it was kind of weak. Even though it
39:42looked good like on a candle sort of, it
39:44it was just kind of weak.
39:54And then now something as well,
39:56something we got to think about as well
39:58is now that we made this large move off
40:00the open, we do have to understand that
40:03it is a possibility we start to kind of
40:05consolidate for a little bit here, which
40:08we're going to hope that doesn't happen,
40:09but it can.
40:12That seems to be uh NQ's personality
40:16for the past few months. make a move off
40:18the open, don't allow anybody to get any
40:20type of pullback, and then just start
40:22consolidating for like 30 minutes into
40:24lunch. 30 minutes to an hour into lunch.
40:29Still pretty early, though. We haven't
40:30had the 4 hour open yet. So,
40:35we may get like a 4 hour open and then
40:37that push lower in like seven minutes.
40:40And then we'd be looking for
40:43the hourly candle basically to close the
40:46next one.
40:48to wick past and then we can start
40:50looking to make our way back up here and
40:52then I'd be looking at 865.
41:09But the 15 minute looks nasty. Look at
41:11this.
41:20It doesn't look very convincing to me.
42:05All right. So, we push down.
42:08I think um
42:11even though we're in the area though, I
42:13think
42:14it's better if we were trying to take a
42:16long to probably wait until this 4hour
42:21candle opens.
42:30But pre-market,
42:32this is the area that I was considering
42:34to look for longs. But just of the
42:36circumstances currently, selling
42:38pressure, lame attempt at buyers to push
42:40it higher. 4 hour hasn't opened yet. The
42:43new hourly candle is likely to wick
42:45lower before it actually snaps back up.
42:47This is now no longer where I would kind
42:49of be looking to take a long position.
42:57What up, Brian?
43:02How's your morning going?
43:35Oh, that's crazy. Well, at least you're
43:37green and that didn't happen in the
43:39wrong direction.
43:49So, Hawkeye, you're saying that you take
43:52the first green candle close above your
43:56support after touching it.
44:01What will I suggest that you should look
44:04for and do?
44:07Well,
44:09I mean, it's kind of hard to answer.
44:17Well, it's like this. Like
44:19[clears throat] for me,
44:23if I have levels like let's say, you
44:26know, this was my level, right?
44:30And this is my I mean, it's not a
44:32support level, but let's just call it a
44:34support level for the sake of your
44:35question.
44:38I needed I need to basically it doesn't
44:40matter about like the first green
44:42candle. Like if that was the case then
44:44this could have been the first green
44:45candle, right? So it we have to think
44:49about like
44:51context and time too like the time. What
44:54is the time? Well, we're right before a
44:554hour open
44:57and um
45:01I need I need stronger confirmation that
45:06especially if you're trying to fade a
45:07move like this like we came down
45:10aggressive like very aggressively. And
45:13so there's probably tons of traders
45:14right now who are just like blindly
45:16like, you know, who knows? Maybe they
45:18maybe they're on a smaller time frame,
45:20maybe on the one minute and you know,
45:22they're trying to go long or they tried
45:23to go long here or they'll wait for the
45:26next one minute green candle and then
45:27they'll go long. It's like if you're
45:30going to fade strong pressure like this,
45:33this is extremely strong pressure on a
45:35fivem minute candle. Like look at the
45:37delta. Ever since we opened,
45:41there's been one candle with with and
45:44this was kind of [ __ ] too, like I
45:45was saying. So,
45:49buyers so far are kind of like
45:51non-existent.
45:53Even if you have like a smaller time
45:55frame
45:57um where it's like a green candle, just
45:59because the candle is green, you don't
46:01want to necessarily fade like a
46:05you're basically stepping in front of a
46:06train. long story short. So, you got to
46:08be careful if you're trying to look for
46:09a reversal. Um, you need a little bit of
46:12extra confirmation in my opinion. So, I
46:16don't know if that answers your
46:17question, but
46:19I don't I would never take a trade just
46:21because like a candle touched an area
46:23and it just was green after that.
46:25There's like more there has to be more
46:27that goes into that.
46:30In the past, what I used to do is I used
46:32to just like place a limit order in an
46:34area that I thought was good and I would
46:36get [ __ ] pummeled like every day.
46:47Brian, I'm wondering if you could uh you
46:49know how trade has those risk parameters
46:53because I know this works with project
46:55X. I wonder if it works with trade of
46:56evate, but if you um can set like the
47:00lock out thing where it locks you out if
47:05you can't manually exit the trade.
47:09But I don't know, like maybe it's like
47:13the emergency break, you know what I
47:14mean? like just trying to use the risk
47:16parameters to see if it'll just
47:17automatically take you out of the trade
47:19because it hit some type of profit
47:21target or whatever that
47:24you set in their risk settings. But I
47:25don't really use trade of eight, so I
47:27wouldn't really know. But that's crazy.
47:29I'm happy that it went in the right
47:30direction for you though.
47:35Look at that. Look at this.
47:38Look at this
47:40new 4hour open.
47:50Damn, this would have been such a nice
47:51trade to take on my funded account,
47:53dude. But I just can't touch it. I can't
47:56touch it. I got to just mel it.
48:01Would have been nice, though.
48:17We're back in the weekly opening gap
48:19right now.
48:24This area.
48:28Let's delete that. I need to take a look
48:30at something real quick.
49:31What up, Frankie? Well,
49:35yeah, it might be. I mean,
49:39there's nothing wrong with like
49:45I mean, I will say a break even stage is
49:47better than a losing stage.
49:49If you're at a break even stage, you
49:51know, it probably is. It probably has
49:52nothing to do with the strategy, to be
49:54honest.
50:07For most traders, it's never about the
50:10strategy anyways.
50:12Although I know like
50:15because order flow is like becoming
50:17super popular because of Fabio and like
50:20Andre and everybody
50:22um
50:24a lot of traders are going to try and
50:25start trading orderflow and orderflow is
50:28great but
50:31it's not like some magical thing.
50:36It's just going to this is just going to
50:37make you a better trader. I mean, it's
50:40great if you understand it. I think it's
50:42great to learn. It's great to know, but
50:45um again, most traders aren't
50:48necessarily struggling because of their
50:50strategy,
50:52unless you just totally have zero edge
50:54and then you're just [ __ ] guessing
50:56and you either get lucky off of variance
50:58or or not. But, I mean, I I would hope
51:01that
51:04So, we have buyers stepping in right
51:06now. We're going to see if this can
51:07actually start snapping back or not now
51:09that we basically uh wicked lower on the
51:12hourly.
51:15We'll see if this is going to hold. This
51:17would be a pretty good close for um
51:22for a fivem minute. We have the PC
51:24below. We have buyers stepping in. If it
51:28can close bullish without the PC
51:31snapping to being up here, that'd be a
51:33pretty good sign for us to potentially
51:36start moving higher. The only issue
51:38though is that you would it would
51:39require a pretty large stop-loss
51:43like 70 points. So, that's pretty nasty.
51:47But
51:50we'll see how it closes. But if this
51:52does close, like if this were to have
51:54closed bullish up here, that's what I w
51:56would have wanted to see right here.
51:59This type of thing right here. But
52:02because it didn't do that, that's why I
52:03was like, uh, it looks suspicious. And
52:06this close is not necessarily,
52:09this is not as strong anymore.
52:14What up, duck?
52:20>> But if we're also I mean, this is the
52:22five minute though, so if we were
52:24looking at the 15,
52:28>> there's still a lot of time left in it.
52:29But it could do the same thing though.
52:30So like if the 15 basically
52:35because the PC is at like 595 right now
52:38for the for the 15 minute. So it's like
52:40sitting right here.
52:45So if the 15m minute were to flip
52:48bullish and have the PC remain down
52:51here,
52:53then it would be the same as what we
52:55were watching for here. But it's just a
52:57little messier on a fivem minute time
52:58frame.
53:03But we just need we need some extra some
53:07extra confirmation to make sure that we
53:09aren't about to try and catch a falling
53:12knife and then get absolutely destroyed.
53:32Well, Hawaka, I'mma be completely honest
53:35with you, dude. Like, waiting for a
53:37green candle,
53:39like if your entry signal is literally a
53:42green candle, that's not really a
53:43strategy
53:45in my opinion.
53:53like I I don't I don't know how to give
53:56you advice because I don't really know
53:58how you trade, but
54:01um
54:05I don't really understand a strategy
54:07that's just around like a green candle
54:09or a red candle
54:12because there's like
54:16there's different things that are
54:17happening in the candle
54:20or there's you don't even need order
54:21flow but Like
54:25not my point is is just not all green
54:27candles are the same. Not all red
54:29candles are the same. And you don't
54:30necessarily need order flow to know
54:33that. I mean you can literally just look
54:34at a open high lows open high low close
54:37situation where you see the wick. I mean
54:39you don't need to have an orderflow
54:41chart to understand what happened if you
54:43look at wicks. But um
54:47if you're looking for a specific type of
54:49green candle then sure maybe. But if
54:52it's just any green candle,
54:56I mean, you know what might help? I
54:59mean, the only thing I can think of is
55:01like if you're struggling with that and
55:04you're using a fivem minute green
55:05candle, then don't use five minute. Use
55:0715.
55:09Wait for a 15minute close that's green
55:13off of your level.
55:15But still, the same thing applies like
55:20just because
55:23Like it's like this, right? If you draw
55:26out stuff on your chart,
55:29you're just drawing things on your
55:31chart. The market's not going to bounce
55:33because it hit a box you [ __ ] drew or
55:35it's not going to bounce because of some
55:36line you drew.
55:39It's you got to see. It's just the idea
55:42of when you're charting,
55:45it shouldn't necessarily be like an
55:47entry signal. It should just be an idea
55:50of like,
55:52okay, we're in this location now. Let me
55:55see what happens. It shouldn't Does that
55:58make sense?
56:00Like, if you have a support zone, just
56:03because it touches the support zone,
56:06it should not be an entry signal. It
56:09should it should be like a okay, here we
56:12are in my support zone.
56:15Let me see what's going to happen next.
56:17And then I don't know I can't like
56:20formulate a whole strategy for you but
56:23um
56:25there's two things you have location and
56:28then you have your actual entry signal.
56:30Location should not be the entry signal
56:32at least for how I trade. It is never
56:34the entry signal.
56:36Some people it might be. Maybe you just
56:38have these like
56:39crazy levels that are just like hit rate
56:42100% then [ __ ] it your location is your
56:45entry signal. But
56:47I'm not that good. I don't have those.
56:52Yeah, Py, you're right. P, you're the
56:54price action has to confir confirm that
56:57whatever area you're looking at is a
56:58valid area.
57:06Otherwise, it's just some [ __ ] you drew
57:07on your chart.
57:30This is pretty interesting right here
57:31though. We had um
57:35sellers push down and basically get like
57:37kind of absorbed and then again here.
57:47And we're still watching this 15 minute.
57:49It has four four minutes left. But if
57:51this can start moving back up and the
57:5415-minute closes bullish
57:57and the PC is now sitting around 595
58:01and it flips bullish, that'd be pretty
58:03good.
58:08Unless we
58:10are successful on the third attempt to
58:12push lower.
58:19Yeah, same page.
58:21top tick and bottom tick thrax no longer
58:25exists. I got wrecked. You know,
58:27sometimes I would actually catch like
58:29crazy entries, but it's [laughter]
58:31it's just not a good idea, dude. All it
58:34takes is like one day for you to keep
58:36trying to bottom tick and it just keeps
58:38falling and then next thing you know,
58:39your account is just [ __ ] gone.
58:51But I will say some of my best trades
58:52though, like the ones that go for over a
58:54thousand ticks, th those ones were from
58:58me sometimes like trying to bottom tick
59:00some [ __ ]
59:23Yeah, it works sometimes.
59:27Just like at the roulette table when you
59:29bet on green, it works sometimes.
59:44Hawkeye, I have, if you're actually
59:46interested about
59:48how I look at the markets,
59:52I have like a I created like a 60page
59:56PDF if you want to read it.
59:59I am going to make more videos about um
1:00:02I haven't really been making videos
1:00:04recently, but I have like five or six
1:00:06videos that are ready to drop that I'm
1:00:07just going to drop over the next couple
1:00:11months about trading and how I look at
1:00:15trades and how I understand like premium
1:00:17and discount and
1:00:21where I look for areas and blah blah
1:00:24blah blah blah blah. So,
1:00:28>> just pay just check out when I drop new
1:00:31videos, I guess. Hopefully, they might
1:00:32help you. Frankie, for strategies that I
1:00:35use besides order flow, I really only
1:00:39use orderflow for entry confirmation.
1:00:42So,
1:00:45order flow
1:00:47is for entry confirmation. Sometimes I
1:00:49use volume profile just for location,
1:00:52but
1:00:55There was a a great trader that I met
1:00:58named uh Rocket
1:01:01and he basically told me like to look at
1:01:04market structure. It's basically all I
1:01:06do now. I just I just look at market
1:01:09structure and then I just understand
1:01:11where premium and discount is of of
1:01:14established ranges and I'll just
1:01:18try and buy and discount and sell them
1:01:21premium and I'll wait for confirmation
1:01:23entries on uh I trade like auction
1:01:25theory mechanics basically
1:01:30and then
1:01:31use order flow for entry signals on a
1:01:34fiveminute chart.
1:01:39Like this morning, the reason why I
1:01:40wanted to go short was just
1:01:43purely
1:01:45market structure.
1:01:48Like we we we literally made a high,
1:01:51came down, made a lower high. Okay, then
1:01:54I think we're going to go short because
1:01:55we have this area here. If we're
1:01:57thinking about auction theory, this area
1:02:00right here, right here is probably an
1:02:01efficient auction.
1:02:03So what does that mean? Well, there is a
1:02:06pretty good chance that price might come
1:02:07back to rebalance or finish that
1:02:09auction. So,
1:02:11that was like my whole idea of the
1:02:13morning. Now, once it did come into this
1:02:15area and finish quote unquote this
1:02:17auction or rebalance this inefficient
1:02:19auction, then at that point
1:02:22I was seeing whether or not we were
1:02:23going to bounce. Now, we didn't. So,
1:02:25we're just dropping lower and lower.
1:02:32But, it's really not that complicated.
1:02:34It doesn't need to be that complicated.
1:02:38Lower highs, lower lows, higher highs,
1:02:40higher lows,
1:02:45imbalance, balance,
1:02:50and then order flow entries,
1:02:52understanding who's in control,
1:02:54thinking about thinking about because
1:02:57we're watching an auction happen, right?
1:03:00This is literally a battle between
1:03:02buyers and sellers. So, if you think
1:03:04about like
1:03:06if you think about like a scale, I mean,
1:03:08I use I use this analogy sometimes. If
1:03:10you think about a scale like a I don't
1:03:13know, you have buyers on one side,
1:03:15sellers on the other side. If they're
1:03:17about equal, then price isn't going to
1:03:19do jack [ __ ] If you have an basically
1:03:22more buyers than sellers, we're going to
1:03:24go up. More sellers than buyers, we're
1:03:26going to go down. And then you just
1:03:27watch
1:03:29the market shift.
1:03:32control, find fair value, imbalance, get
1:03:35back to balance, imbalance, and it just
1:03:38like
1:03:40I don't know how to I wrote a whole PDF
1:03:43on it. You could read it, bro.
1:03:54I will say though,
1:03:58hey, I don't know if anyone in here has
1:03:59been looking at my daily outlooks for
1:04:01the past like two weeks, but I've been
1:04:02[ __ ] on point, dude.
1:04:07I'm proud of that.
1:04:13Well, no, I mean, for the most part, on
1:04:15point.
1:04:26You're looking for a reaction at 513.
1:04:30At this point with this type of selling
1:04:32pressure, I'm watching this area now.
1:04:35We may bounce up, but for the AM
1:04:38session,
1:04:40this was the move of the day.
1:04:43For the AM session at least.
1:05:50All
1:06:02right. Honestly, guys, I think I'm done
1:06:05for the day. Recap. We thought market
1:06:07was going lower.
1:06:09We
1:06:12hit profit target on this one.
1:06:15We hit profit target on this one.
1:06:18We locked in our winning day on this
1:06:20one.
1:06:22I'm going to take a payout on this one
1:06:24when the market opens later. Overall,
1:06:28not a bad day
1:06:30at this point. The move I was looking
1:06:33for already happened. We didn't get a
1:06:35rejection where I was looking for. I no
1:06:37longer have a plan for this situation
1:06:39anymore. There's no point in like
1:06:41trading it anymore. So, I will Oh,
1:06:45Hawkeye, if you want. It's in the It's
1:06:47in the Discord. So, if you ever want to
1:06:48just join the Discord, you can click the
1:06:51link in the bio and then there's like an
1:06:53education section. Um,
1:06:58you can just download it.
1:07:03How do I handle draw down on my funded
1:07:05accounts? Um,
1:07:10you got to win some trades. You got to
1:07:12get out of it. No, I don't know. I mean,
1:07:14what do you mean like consistent draw
1:07:16down?
1:07:20I mean, honestly,
1:07:24the way I handle draw down and funded
1:07:26accounts now compared to how I used to
1:07:27is totally different. And the reason why
1:07:29is because
1:07:31I'm fullporting evals constantly. So,
1:07:36I don't really care if if a funded
1:07:38account is in draw down, I'll just get
1:07:40another one.
1:07:42But
1:07:45if I were to answer your question in a
1:07:47in a responsible manner, then if you are
1:07:52in draw down on your funded account and
1:07:54you're consistently losing,
1:07:59take a step back. Do not increase your
1:08:01size to try and get out of the hole
1:08:04quicker. Do not increase your size to
1:08:06get out of the hole quicker. And what
1:08:08you can do is start with small size.
1:08:12and pyramid into a position. If you do
1:08:15want to get out of the hole quicker,
1:08:16that's what I would do. I would
1:08:18literally just pyramid into a winning
1:08:20position. If you don't know what that
1:08:22means, it basically is like it, let's
1:08:24say we wanted to go long right here.
1:08:26Okay, you enter in long with very small
1:08:31size because you don't have a lot of
1:08:32draw down, right? So, let's just say
1:08:34you're in like two or two m two uh
1:08:37micros or something. And let's say our
1:08:40idea was that we're going to pop all the
1:08:41way back up. And so you want to maximize
1:08:44what you can get out of this move. Well,
1:08:47as price continues to form and price
1:08:49does its thing, it comes down, it comes
1:08:51up, and it's eventually coming up here.
1:08:53If that's what your trade idea is, then
1:08:54every single time you think that you can
1:08:56get an entry where it's not going to
1:08:58move your your average entry, if you
1:09:01think you can add without destroying
1:09:04your break even, I would basically just
1:09:08slowly add into a winning position and
1:09:10then keep my stop at break even. And
1:09:13then if it works out, then you're back.
1:09:17But if it doesn't work out and you do it
1:09:19correctly, then you're just going to
1:09:21either take a very small loss at the
1:09:23beginning or you're going to hit break
1:09:25even. You're probably going to hit break
1:09:26even a lot, but that's okay.
1:09:30So, I had an account that had $60 of
1:09:33draw down left and I pyramided into a
1:09:35position starting with one micro
1:09:38and I ended up being in like 20 micros
1:09:40by the end of it. And I never and every
1:09:44single time I added in a micro, I just
1:09:46made sure that my stop loss was like at
1:09:50my break even and the break even was
1:09:52never in a weird spot. I would only add
1:09:54if it made sense to thinking about the
1:09:56average entry and then I got out of the
1:09:59draw down and built the account back to
1:10:00like $2,500
1:10:02from a $60 balance.
1:10:06>> Uh Frankie, I've been trading for over
1:10:09three years now.
1:10:13Well, technically longer than that, but
1:10:14I'd been um
1:10:19>> trading every single day, staring at the
1:10:21charts every single day, sitting here
1:10:23every single day for like [ __ ] three
1:10:25years. But before that, I used to like
1:10:28try and mess around with like Forex and
1:10:30crypto and [ __ ] but not like this.
1:10:48you scalp on the one minute and you're
1:10:50ner and you want to use the five minute.
1:10:54One thing about going from a one minute
1:10:56to a five minute is you do need to
1:10:58understand that like your stop losses
1:11:01are probably going to be much larger
1:11:05than they would be on a one minute in
1:11:08most cases.
1:11:10So just if you're really scared about
1:11:13blowing a an account, um
1:11:17just use small size
1:11:20until you like build a buffer, build
1:11:23some confidence
1:11:26and then full port it. No, don't
1:11:28fullport it. But yeah, just like slowly
1:11:33I don't know. I mean,
1:11:37if you blow an account, but you're doing
1:11:38the right thing, like you just catch a
1:11:41bad losing streak, then it is what it
1:11:43is.
1:11:47You're eventually going to, you got to
1:11:48think about like this. You're you're
1:11:49eventually going to blow that account.
1:11:50I'm going just be real with you. You're
1:11:52eventually going to blow the funded
1:11:53account. Are you going to hold on to
1:11:55that funded account for years? No. No,
1:11:57you're not. So, the goal is just like
1:12:02build a little buffer on it. Try and get
1:12:04a payout on it. And if you can get a
1:12:06payout on that account before you blow
1:12:08it,
1:12:10great job.
1:12:15Although, I've had this funded account
1:12:16for a long ass time
1:12:19since December 10th. That's a very long
1:12:21time for me to hold on to a funded
1:12:23account.
1:12:25All
1:12:28right. But but anyways, yeah, Hawkeye,
1:12:30just if you want to read that document,
1:12:32just join the Discord. Um I'm going to
1:12:36stop trading right now. There's nothing
1:12:37for me to trade anymore. Although, if
1:12:39you are going to trade, I am watching
1:12:41this area if we're going to bounce over
1:12:42here. That's the last thing. Um
1:12:46realistically, a little higher like uh
1:12:48here, this area.
1:12:53Um,
1:12:54but I'll be back tomorrow. Hopefully I
1:12:56don't blow these uh combines that I was
1:12:58working on.
1:13:01And then also tomorrow you're going to
1:13:02see this balance at like $16,000 because
1:13:04I'm going to take a payout later today.
1:13:09Catch you guys next time. Peace.

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