How I Made $8,840 Trading NQ Overnight (My Swing Trade Strategy) — Transcript

Full transcript

1. 0:00All right, guys. So, today I'm bringing
2. 0:01you guys a trade recap of how I made
3. 0:03$9,000 overnight. This is a trade that I
4. 0:05ended up holding as a swing position.
5. 0:07And I've actually done this for the past
6. 0:08three Sundays in a row. Whereas we open,
7. 0:10we have a new week opening gap. How I'm
8. 0:12actually executing. Last Sunday, I made
9. 0:14around $11,000 doing this. This Sunday,
10. 0:16I made $9,000. So, make sure you guys
11. 0:18follow along and make sure you guys are
12. 0:19able to do this, too, because it's very
13. 0:21easy and it's worked pretty much for the
14. 0:23last four times I've did it, it's worked
15. 0:24three times. So, the win rate on is
16. 0:26pretty good. Make sure you guys are
17. 0:27following along. And then I'm also going
18. 0:28to be going over the news that we have
19. 0:30later this week and how you guys can end
20. 0:32up passing some accounts during that. So
21. 0:34I'm going to go over a few things, but
22. 0:35here we go nonetheless. So if we hop
23. 0:38right in, you guys can see the
24. 0:40executions that I have right here. This
25. 0:42is on my live account live. You guys can
26. 0:44see at the bottom. And then if we go to
27. 0:45the P&L, just under $9,000 8,825.
28. 0:49Now that we got that out of the way, you
29. 0:50guys can see right here my execution. I
30. 0:54will say I could have done better with
31. 0:55my entry, but if we go ahead, let's take
32. 0:58off these uh labels so the chart looks a
33. 1:01little bit cleaner. And then I want to
34. 1:02get into actually where I get entered
35. 1:04and then how I'm doing this um and how I
36. 1:06did it last Sunday as well. So I want to
37. 1:08go to the five-minute chart. And if we
38. 1:11look at the five-minute chart, um that
39. 1:13was not today. So if we go to the
40. 1:15five-minute chart, my entry, I was kind
41. 1:18of anticipating us using this candle as
42. 1:21an order block. So my entry was around
43. 1:23this 22 uh5 area. Um and so my entry was
44. 1:29basically my my idea behind it was
45. 1:32looking at this wick right here. I saw
46. 1:34this candle's wick.
47. 1:36I saw this candle's wick and I was
48. 1:38anticipating that we would go around the
49. 1:3950% of the candle's wick which we ended
50. 1:41up going into it not going to completely
51. 1:4450% but we go end up going into this
52. 1:45candle's wick and getting some pretty
53. 1:47instant reactions off of that. And so I
54. 1:48was anticipating this being an order
55. 1:50block. Now, obviously, we did not end up
56. 1:52getting that. So, I could have been a
57. 1:53little bit more patient with my entry,
58. 1:54but my uh take-profit was the new week
59. 1:58opening gap. So, you guys can see every
60. 2:00single Monday. So, or every single
61. 2:01Friday when the when the market closes
62. 2:03and then when the market opens on
63. 2:05Sunday, that following Sunday, typically
64. 2:08you have this gap because even though
65. 2:09the market's closed for like futures
66. 2:11traders and stuff, like investors in the
67. 2:13S&P and the NASDAQ and all that, they're
68. 2:14still putting money in during the
69. 2:16weekend, right? So, the market does move
70. 2:18over the weekend. It's just not
71. 2:20tradable. So, typically when that
72. 2:22happens and the market moves, you will
73. 2:23see things like this where we have a
74. 2:25gap. This is what we call a new week
75. 2:26opening gap. And how this works is
76. 2:29pretty much every single time we get one
77. 2:31of these, we end up filling it either
78. 2:33that day or that night or somewhere
79. 2:36during the week, but most of the time
80. 2:38I've seen us close this gap within the
81. 2:41day. So, my idea behind this trade was,
82. 2:44okay, we ended up opening this is at
83. 2:466:00 a.m. or 6 p.m. open for for Asia
84. 2:48market. Then we end up making these
85. 2:50highs. I was pretty like, okay, I'm just
86. 2:51going to sit out for a second. And then
87. 2:52the moment I see this trending down, I'm
88. 2:54looking for an opportunity to go ahead
89. 2:55and take a trade to this new week
90. 2:57opening gap. So after I see this for
91. 2:59value gap get inverse right here. This
92. 3:01is something that I saw happening on a
93. 3:03higher time frame. Now even if even if
94. 3:05on the shorter time frames we did want
95. 3:07to chop up a little bit like I did, you
96. 3:08guys can see when I entered, I actually
97. 3:10did have to sit in a little bit of draw
98. 3:11down for a while before I ended up
99. 3:12seeing my take profit hit. But because I
100. 3:14was so confident in my draw and how the
101. 3:15new week opening gap was going to play
102. 3:17out, I was I was very easily like able
103. 3:19to sit in this trade with pretty much no
104. 3:21worries even though I was in draw down.
105. 3:23Um this is probably around like four
106. 3:24three or $4,000 of draw down. Um and
107. 3:27obviously, you know, it is what it is.
108. 3:29But that just means that I was that
109. 3:31confident in my draw to where I was able
110. 3:33and like comfortable to send that much
111. 3:35draw down. Now I want to talk about my
112. 3:36stop loss. So, if we go over here, the
113. 3:39reason why I put my stop loss here, if
114. 3:40we go to the 15-minute, we have this
115. 3:4215-minute gap that should be protecting
116. 3:43us. So, that is why my stop loss there.
117. 3:45Again, I'm logically justifying
118. 3:46everything that I'm doing. My entry was
119. 3:49probably the most mediocre of the entire
120. 3:50setup, but my stop loss logically
121. 3:52justified. This fair value gap should be
122. 3:54protecting us there. We should come up
123. 3:56here and we came close. Didn't end up
124. 3:57quite having it, but we would have been
125. 3:59protected. And then my takerit logically
126. 4:02justified as well. We have this new week
127. 4:03opening gap. uh anytime inside of this
128. 4:05new week opening gap, you can see that
129. 4:06where there's definitely um chance for
130. 4:09reversals. Typically, we do like fully
131. 4:10fill it. That does happen. Um like most
132. 4:13of the time, but just in case we want to
133. 4:16go ahead and reject a little bit and
134. 4:18even if we don't end up fully closing
135. 4:19it, I don't want to be caught in any
136. 4:20draw down or get break even. So, I have
137. 4:22my take profit right there. Again, I'm
138. 4:23logically justifying everything that I'm
139. 4:25doing. And then, if we go ahead and exit
140. 4:27the replay, we can see how the trade
141. 4:29played out. Obviously, it trade out
142. 4:30beautifully and this is a trade that I'm
143. 4:33pretty much confident in taking like 10
144. 4:35times out of 10. Again, if we go over to
145. 4:38last uh Monday
146. 4:41um or last
147. 4:44Yeah, it should be this Monday. Um I
148. 4:46remember No, it would be
149. 4:49this day.
150. 4:52I believe it was this day. Um,
151. 4:56but if we go over to this Yeah. No, it
152. 5:00was definitely this day. So, if we go
153. 5:02over to this Sunday right here, we see
154. 5:05if we wait for the open. So, this is
155. 5:07Friday. And then when we open,
156. 5:10we have this new week opening gap. And
157. 5:12so, this is a trade that I also ended up
158. 5:14taking last Friday. If we go over here,
159. 5:16you can see the candles play out. And
160. 5:17then the second we get a chance to go
161. 5:19long, you'll see eventually right here.
162. 5:21At this point, I think I took an entry
163. 5:22around here. um or maybe it was down. I
164. 5:25don't remember. I think it was like
165. 5:26right around here. But it was literally
166. 5:28just to fill the new week opening gap.
167. 5:29And you guys can see how well this works
168. 5:30out because last time when we did fill
169. 5:32this new week opening gap, we completely
170. 5:35we completely sold off. If I do
171. 5:37something like this, I can guarantee
172. 5:39that this like hits, bro. Like the new
173. 5:41week opening gap works so well. And you
174. 5:44can see how strong of a draw it is by
175. 5:46how easily we can take a trade off of
176. 5:48it. So, I want to go ahead and I want to
177. 5:50do a uh I want to do a bearish trade
178. 5:53after we fill this new week opening gap
179. 5:54because this is something that we ended
180. 5:55up hitting. And then right there, you
181. 5:58can see, bang, after we fill that, the
182. 6:02market switches up and we end up going
183. 6:04down. This is after we fill the new week
184. 6:05opening gap. This happens all the time.
185. 6:07If this happens next Sunday, which I'm
186. 6:09pretty sure it will, you guys should
187. 6:10100% be taking advantage of new week
188. 6:12opening gas because it is such a strong
189. 6:14draw. I'm so confident in these kinds of
190. 6:16trades and it works out so well. Um, and
191. 6:18then another thing I wanted to talk
192. 6:20about is if we go over here to Forex uh
193. 6:23or calendar for uh news and stuff like
194. 6:26that, we can go ahead and see on Friday
195. 6:29we have CPI. What that means is it's
196. 6:32going to be very high impact news. This
197. 6:34is perfect for passing accounts. If you
198. 6:36guys are trying to pass accounts easily,
199. 6:37the easiest way to do it, this is how I
200. 6:39pass nine nine like nine times out of 10
201. 6:41if I'm passing an account, it's probably
202. 6:42during some news like this and it's very
203. 6:44easy to do. I'm going to show you guys
204. 6:45how to do it as well and then obviously
205. 6:46the best firms to do that with right
206. 6:48now. Um, so when we have news like that,
207. 6:51it is very very easy to end up passing
208. 6:53it because the news comes out so
209. 6:55volatile. So what I do is let's say for
210. 6:58example if the news is coming out I'll
211. 7:02do it on an example like this. So if the
212. 7:05news is coming out in I don't know let's
213. 7:07say like a minute or so and this is
214. 7:09where market's currently at you put your
215. 7:12buy stop. So you go around 20. Um I
216. 7:17would go probably even a little bit more
217. 7:18than that. Some people say 25 points is
218. 7:20a sweet spot. Um I can see that being
219. 7:23the case. I think 25 points is pretty
220. 7:25strong. A lot of people end up doing
221. 7:26that. So if they go 25 points and then
222. 7:28so what they will do is they will do
223. 7:30that in the same opposite direction. So
224. 7:3125 points for where price currently is.
225. 7:34They will end up going okay 25 points is
226. 7:36right here. So let me mark this out. And
227. 7:40then they would end up putting buy stops
228. 7:42in this area. So they put a buy stop
229. 7:44here. And so what that means is if the
230. 7:46price comes down here, you will get
231. 7:48entered here and it will play for
232. 7:50continuations. Your profit will be like
233. 7:51this. So whatever amount the account
234. 7:53that is that you're trying to pass most
235. 7:55of you guys, it's going to be 3,000.
236. 7:57You're going to go put your buy stops 25
237. 7:58points away from price currently is in
238. 8:00the bearish manner and you're going to
239. 8:02put your takeprofit around 3,000. That
240. 8:03way when the news comes down, if it
241. 8:06flushes, you are hitting your takeprofit
242. 8:08and you're passing that account. In the
243. 8:09same way, if we do 25 points right here,
244. 8:1325. Okay, that's 302.25.
245. 8:17We can go ahead.
246. 8:19Bang. And then obviously, we're not
247. 8:21doing any stop-loss because this is news
248. 8:23passing. You put your takeprofit or you
249. 8:25put your buy stop right here. And then
250. 8:29your TP where $3,000 would be to pass
251. 8:31the account. Sorry, my camera's in the
252. 8:32way. Your TP would be right around here,
253. 8:34and you'd be able to pass this account
254. 8:36relatively easily again. So, in this
255. 8:38case, when you're doing buy stops like
256. 8:40this, and then you're doing a sell stop
257. 8:41like this, what happens is whatever the
258. 8:44account is to pass, like we're putting
259. 8:463,000 for this. Either way, whichever
260. 8:48way the news goes in, you are passing
261. 8:50your account. Whether it goes up or
262. 8:52down, whether the news flushes or like
263. 8:55goes straight up, you are passing your
264. 8:57account every single time. The reason
265. 8:58why we put it 25 points away is because
266. 9:00sometimes when the news opens, it does
267. 9:02like one of these to where you'll find
268. 9:04yourself sometimes, if you're not
269. 9:05careful, you get chopped up like this to
270. 9:07where the news will go like that and
271. 9:09then it'll like consolidate a little bit
272. 9:11and then it'll finally make its move and
273. 9:13go like that. But you just want to make
274. 9:14sure you're not getting caught and
275. 9:16chopped like this. So, you make sure
276. 9:17you're putting your buy and sell stops
277. 9:19far away enough to then pass the
278. 9:21accounts again. 25 points away is good.
279. 9:23And then just putting your TP exactly at
280. 9:25where passing your account is. maybe do
281. 9:26a little bit more to cover for spreads.
282. 9:28Um, I've done this in reals before. I'm
283. 9:30probably going to record myself doing it
284. 9:31again this Friday. But that is easiest
285. 9:33way to pass during news this week. So,
286. 9:35make sure you guys are abusing that and
287. 9:36using it because it is so easy to do. I
288. 9:39have like a probably like a 95% success
289. 9:41rate doing it that way. It's again the
290. 9:44easiest way that I've ever done anything
291. 9:45to pass any accounts. So, make sure you
292. 9:46guys are taking advantage of that. The
293. 9:48best accounts to do it on is going to be
294. 9:50either Funded Next or the Alpha Zero
295. 9:53accounts. Apex is also good for that.
296. 9:55The fund and X accounts I think are the
297. 9:57best though because it's 2500 to pass,
298. 9:58not 3,000. They also have no activation
299. 10:01fee. They're also end of day trading
300. 10:03draw down so there's no intraday trading
301. 10:05which is the best. And there's also no
302. 10:06daily loss limit. Pretty much every
303. 10:08other firm on the evaluations they have
304. 10:10either a daily loss limit which I hate
305. 10:13because you get stopped out before you
306. 10:14even get the chance to see your trade
307. 10:15play out. But also some firms have
308. 10:17trailing draw down intraday which means
309. 10:19even if you're let's say the trailing
310. 10:21draw down is $2,000. If you go $2,000 in
311. 10:25profit and then you go and then it goes
312. 10:27down to break even, you blow the account
313. 10:28because it trails up as you're inside of
314. 10:30the trade, which sucks. That's why like
315. 10:32end of day trailing draw down. That is
316. 10:34exactly what Funex has. They have the
317. 10:35best rules ever. They have no activation
318. 10:36fee. Literally the best firm that I've
319. 10:38ever used. I take pretty much a $10,000
320. 10:40trade uh payout with them every single
321. 10:41week. So, if you guys want to go check
322. 10:43them out, go to link in the description.
323. 10:44You guys can use code AVA for those
324. 10:46accounts. Again, the best accounts that
325. 10:47I've ever used by far. But then you also
326. 10:49have accounts like Alpha Future Zero
327. 10:50accounts which they have a daily loss
328. 10:52limit and you know obviously it's not
329. 10:55the most favorable to have that but
330. 10:56during passing news it shouldn't be that
331. 10:57big of an issue. Again you guys can use
332. 10:59code AVAL for that down in the
333. 11:00description. If you guys are trying to
334. 11:02pass accounts the easiest way to do it
335. 11:03like this by far just make sure that the
336. 11:05accounts that you guys are using are one
337. 11:06day pass. So FunX Alpha Futures and Apex
338. 11:09those are all great accounts. Even the
339. 11:10Tradeify Growth accounts those are all
340. 11:12great accounts to go ahead and try to
341. 11:13use to pass during news. I'm going to be
342. 11:15doing it personally and I hope to see
343. 11:16you guys succeed doing that as well. But
344. 11:18anyway, I hope you guys enjoy this trade
345. 11:20recap. I appreciate you guys for
346. 11:21watching this and I'll be seeing you
347. 11:22guys very soon.