How I Use My Futures Trading Checklist for Daily Profits! (Deep Dive)!!! — Transcript

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1. 0:01What if I told you guys there's a way
2. 0:02you can stop guessing on direction in
3. 0:06the market and start winning and being
4. 0:08correct at what direction the market's
5. 0:10going to go? I can give you guys my
6. 0:13exact road map to how I establish each
7. 0:16and every trade that I get and truly
8. 0:18work to unlock more consistent profit
9. 0:21for you guys. In this proven checklist,
10. 0:24I'm really going to go into a deep dive
11. 0:27into how exactly it works, just
12. 0:30specifically on the entry side. That
13. 0:32way, a lot of you guys can focus on
14. 0:35having more consistency and
15. 0:38understanding how the market moves. You
16. 0:40guys can really start to trade smarter,
17. 0:43not harder. Without further ado, let's
18. 0:46jump right into things.
19. 0:49All right, guys. Here we're looking at
20. 0:51the fiveminute chart on ES. 90% of my
21. 0:55analysis is done just on the five-minute
22. 0:58chart. Okay?
23. 1:01And I trade ES in particular on the
24. 1:03future side. If you're an options
25. 1:04trader, stock trader, the equivalent,
26. 1:07you know, might be the spy, um, the SPY,
27. 1:10something like that. Um, and really how
28. 1:14I break down the market and how I look
29. 1:16at how the market works is I think it
30. 1:18moves in two ways. So, what we tend to
31. 1:21see is we tend to see trend structure,
32. 1:23right? We've all heard the term trend
33. 1:25structure. And if you haven't, that's
34. 1:27totally okay. I'll explain it to you
35. 1:29really quickly. Um,
36. 1:32it really comes down to higher highs,
37. 1:34higher lows. And for a downtrend
38. 1:36example, which we don't actually see in
39. 1:38price here, um, that'll look something
40. 1:41like this. Lower lows, lower highs. This
41. 1:43is trend structure, okay? And I break it
42. 1:46down into two specific phases that the
43. 1:49market tends to go through. Okay, phase
44. 1:52one is what I call a range phase. Okay,
45. 1:55so kind of step one in identifying trend
46. 1:58and the market is identifying a range.
47. 2:03Okay, a range is defined where price
48. 2:06trades in between two points. It may not
49. 2:08look like this in the moment. Um, but as
50. 2:11price is playing out somewhere like
51. 2:13let's say here price is here, we could
52. 2:17identify that hey, we're trading between
53. 2:20a high and a low. If current price is
54. 2:22sitting in between that, that would be
55. 2:23considered a range. And the cool thing
56. 2:26is we tend to see multiple ranges
57. 2:28throughout the day. Uh like for example,
58. 2:31you know, here' be another one where at
59. 2:32some point price is trading in between
60. 2:34itself. And same goes for the downside.
61. 2:37Okay, price trades in between itself
62. 2:39kind of like this. Whoops.
63. 2:44And same for right here. Okay, so
64. 2:46remember this is a phase one and this is
65. 2:48a range. Okay,
66. 2:51where a lot of traders go wrong is they
67. 2:54actually trade within a range. Okay, and
68. 2:56that's why for a lot of people trading
69. 2:58can be really frustrating. um because
70. 3:00they actually find themselves in my
71. 3:02opinion trading at the worst possible
72. 3:04time um and sitting back at the most
73. 3:08opportune time to trade. And I'll
74. 3:09explain that to you guys in in heavy
75. 3:11heavy detail. For me, this phase is for
76. 3:14watching. Okay? So here and here, this
77. 3:17is all for watching. I am not going to
78. 3:20trade. I'm not going to
79. 3:23buy or sell anything. I'm just going to
80. 3:25watch when price is trading between
81. 3:26itself. And why most traders find
82. 3:30themselves trading in this this phase is
83. 3:33a lot of retail strategies out there,
84. 3:36you know, really encourage it. You know,
85. 3:38that is built a lot around supply and
86. 3:40demand, support and resistance where,
87. 3:43you know, they see price, you know,
88. 3:45maybe reject off of this level here and,
89. 3:48you know, maybe they're going to short
90. 3:49the next time it comes up to that level
91. 3:51or, you know, they're they're going to
92. 3:53try to buy the dip and guess exactly
93. 3:56where the dip's going to be. It's
94. 3:57impossible to do that consistently in my
95. 3:59opinion. It's it's um it's very
96. 4:03predictive. You're trying to predict
97. 4:04what what and where the market's going
98. 4:06to go. And to me, it's next to
99. 4:08impossible. Um instead, it's just for
100. 4:11watching and waiting. Okay. And the
101. 4:14second phase um in this philosophy of
102. 4:17price action that I have is um when
103. 4:22price exit exits this higher low it
104. 4:25enters into a trend phase. So a trend
105. 4:28phase is like here to here where price
106. 4:31starts to move down and that direction
107. 4:34is consistent or move up and that
108. 4:36direction is consistent. You know like
109. 4:39this could be a trend phase here. This
110. 4:41could be a trend phase. This is a trend
111. 4:44phase. So, it goes into trend phases and
112. 4:46then range phases and trend phases and
113. 4:48range phases. Okay, so you guys might be
114. 4:51asking, you know, it's not typically
115. 4:53this cut and dry. Like, it's not
116. 4:55typically, hey, it it ranges and then it
117. 4:58goes up or goes straight down. And um
118. 5:01you're right, it's not doesn't look
119. 5:04exactly like this, but
120. 5:07uh it doesn't look that far off if you
121. 5:09know exactly what you're looking for.
122. 5:11And I'll kind of explain kind of explain
123. 5:14why here. Um so think about those range
124. 5:18phases versus trend phases.
125. 5:22what we see in the morning. So kind of
126. 5:25when the US market opens, what we tend
127. 5:29to see, believe it or not, is we tend to
128. 5:31see the market range. Okay?
129. 5:36So the market ranges
130. 5:38generally within the first hour, we tend
131. 5:42to see a range. And remember how it's
132. 5:43defined just between a high and a low
133. 5:46point. Okay? So, what I like to do is I
134. 5:50like to identify that high point,
135. 5:52identify that low point kind of right
136. 5:54after the market opens. Give it some
137. 5:56time and let it set up. And for me, it
138. 5:59looks something like this, okay?
139. 6:03Where we have our high point and we have
140. 6:04our low point. Now, you some of you
141. 6:06experienced traders may already see
142. 6:09something that looks probably different
143. 6:11from what a lot of you guys
144. 6:14uh focus on, which is I only focus on
145. 6:17candle body highs and lows. I don't tend
146. 6:19to focus too much on the actual price
147. 6:23action high or the actual price action
148. 6:25low. You know, my philosophy is the
149. 6:27buying and selling is actually done kind
150. 6:30of more or less in a block or in a range
151. 6:32where, you know, people are buying
152. 6:34through here or selling through here. I
153. 6:36can kind of drag it out here where you
154. 6:38see all these wicks here and then all
155. 6:41these wicks in here where the buying and
156. 6:43selling is actually being done. My goal
157. 6:45is to identify when that stops. And I'll
158. 6:47show you what I mean by that here in a
159. 6:49second as we let this play out. So, what
160. 6:52I look for is waiting to see price
161. 6:54action break and close over. Not just
162. 6:57price get over that level, but I want to
163. 7:00see a candle actually close above or
164. 7:02below. In this situation, we see it
165. 7:04close above. And just real quick before
166. 7:07I move on from this,
167. 7:09I want to clarify that it's the same
168. 7:11idea. If price closes below, you know, I
169. 7:14may look to take a short trade. Okay?
170. 7:16So, it's generally no no different. Um,
171. 7:20it's really hard to tell here. I can
172. 7:22zoom way in real quick, but we actually
173. 7:24do see price close and break below,
174. 7:27excuse me, close and break over. Um, and
175. 7:31that would be, you know, in this
176. 7:33situation and with price action, this is
177. 7:36price action from today. Um, you know,
178. 7:40we we we see price break and close over.
179. 7:44Um, that would be my entry in this
180. 7:47situation. So this is a situation where
181. 7:49I would enter into this trade and the
182. 7:51reason being is we're entering into a
183. 7:53trend phase. So very similar to like a
184. 7:57range that we see up here in the top
185. 7:59right. Okay, price is breaking over out
186. 8:03of that range and it's entering into a
187. 8:05trend phase. So we exited the range
188. 8:08phase and we're entering into a trend
189. 8:10phase after price broke broke above. So
190. 8:12the idea here is price should be moving
191. 8:15cleanest and clearest upward in this
192. 8:18situation. Will it move just straight up
193. 8:20and break out? Sometimes it will,
194. 8:22sometimes it won't. But the idea is
195. 8:24there's a high high probability that the
196. 8:28trend will continue in this direction
197. 8:30for a significant period of time. Okay.
198. 8:33So in this situation,
199. 8:36you know, for example, here would be my
200. 8:37entry on that candle close. Okay. So,
201. 8:41I'm entering.
202. 8:43We'll say entry
203. 8:46entry into um
204. 8:50this position as we see price move up.
205. 8:54And I can show you guys as we see price
206. 8:56play out, we actually see it retest off
207. 8:59that level, which only confirms
208. 9:02um
209. 9:03the the trade even more that it's, you
210. 9:06know, our levels or our range was
211. 9:08exactly where they should have been. um
212. 9:10cuz price respected it, you know,
213. 9:13completely and we really see price
214. 9:18play out. Okay, so we see price trend up
215. 9:22almost all day. Like really, it's that
216. 9:24simple. I mean, with my strategy, too,
217. 9:27we see, you know, a couple ranges a day,
218. 9:29but you know, with the way I trade, I
219. 9:32mean, really, I may take one to two
220. 9:34trades a day most of the time. uh really
221. 9:37let a lot of my good trades play out. Uh
222. 9:40I mean, as you guys can see, you know,
223. 9:42letting this trade play out for the
224. 9:44majority of the day,
225. 9:46just having the right entry, not trying
226. 9:48to predict more of trying to react to
227. 9:51where price um is going than try to
228. 9:55predict where it's going to go. I mean,
229. 9:56I'm just waiting for price to break over
230. 9:58the range, enter into a trend phase, and
231. 10:00then really allow the trade to to really
232. 10:04play out. Then the other thing is is you
233. 10:06you can get pretty finite I guess would
234. 10:09be the term like with the with the
235. 10:11strategy as well. Like when you start to
236. 10:15see like here's another example like
237. 10:19when you start to see price trending up
238. 10:22right we again technically
239. 10:25technically have a high point here right
240. 10:28and then we technically have a low point
241. 10:30here and we're trading in between that
242. 10:32high and low. It's not anything super
243. 10:34significant, but you can again look at
244. 10:38that as a range. So you could look at
245. 10:40something like this as a range where we
246. 10:42have a big range. We we tend to see a
247. 10:45big range in the morning. I would say
248. 10:46about 80% of the time in the morning the
249. 10:48market's going to range and then we tend
250. 10:51to see, you know,
251. 10:53a few other ranges throughout the day as
252. 10:55well. Um, and in this situation, you
253. 10:58know, we we see price struggling to get
254. 11:00over, struggling to get over, it breaks
255. 11:03over. That could be another opportunity
256. 11:05of an entry as we can see where price
257. 11:07really starts to push up. So again, if
258. 11:10we're looking at this exact drawing
259. 11:13where I was talking about price
260. 11:15structure, higher highs, higher lows,
261. 11:17and I remember telling you guys that,
262. 11:19you know, it's not exactly going to look
263. 11:23picture perfect. And you know, I was
264. 11:25questioning you guys on, you know, you
265. 11:27guys were probably saying, you know, it
266. 11:29doesn't look that perfect, but when you
267. 11:31really break it down, it looks awfully
268. 11:34similar to actually, you know, what you
269. 11:37see in a lot of trading books and things
270. 11:40like that when it comes to price
271. 11:41structure. Um, you just have to really
272. 11:43know what you're looking for and how to
273. 11:45actually look at the market.
274. 11:47All too often, traders are really trying
275. 11:50to over complicate uh price action and
276. 11:52price direction. And really, you know, I
277. 11:55I I went into some detail about how I
278. 11:59build a range, how I view how the market
279. 12:01works, um why I think it works that way.
280. 12:05And um you know, in a situation like
281. 12:07this, like where my entry would be, it
282. 12:09would be on the candle that breaks
283. 12:10above. Same situation here, candle that
284. 12:12breaks above and we see price play out.
285. 12:15So, um
286. 12:18this this exact example could be applied
287. 12:21additionally to uh inversely to a short
288. 12:25short trade. Like literally, if you just
289. 12:27mirrored this chart upside down, um it
290. 12:30would have been two short opportunities
291. 12:31where price, you know, moves down. So,
292. 12:33it doesn't matter whether price is going
293. 12:34up or down. I'm building those ranges.
294. 12:37I'm not trying to predict where the
295. 12:38market's going to go. I'm trying to
296. 12:39react to where the market um is going at
297. 12:42the time. So, if price breaks up, I'll
298. 12:45trade upward. If price breaks down, I'll
299. 12:46trade downward. So, I hope you guys
300. 12:49found this video very, very useful. I'll
301. 12:52tell you what, guys. In the description
302. 12:55below, I'll put a link down in the
303. 12:58description below. You guys can book a
304. 13:00call directly with me oneon-one where I
305. 13:04will show you guys in more detail my
306. 13:07strategy if you really want to know. And
307. 13:11then on top of that, we can go over some
308. 13:13aspects that you feel like you're
309. 13:14struggling with as a trader. Questions
310. 13:17you got for me, questions you got about
311. 13:19the market. I'm here to help you guys
312. 13:21answer those questions and we can go
313. 13:23over a strategy and system that works
314. 13:26for you guys and helps you guys get to a
315. 13:29place you want to be. So, go ahead, go
316. 13:32down in the description, click the link,
317. 13:34book a call with me, and we'll talk
318. 13:36then. All right, guys.
319. 13:39I'm signing off. Until next time, you
320. 13:42guys know where and how to find me.