How To Trade Futures Using Unusual Whales Periscope — Transcript

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1. 0:00Okay, we are basically there. I'm taking
2. 0:02it.
3. 0:03Let's [ __ ] go.
4. 0:05>> Damn.
5. 0:06>> All the trades taken in this video were
6. 0:07taken live on the Unusual Whales trading
7. 0:10show Whale Watch, and here we break down
8. 0:12how we use Unusual Whales Periscope
9. 0:14alongside price action to hit a couple
10. 0:17of pretty good future scalps intraday.
11. 0:19So, let's start at the beginning here
12. 0:20with Anthony's MES scalp and the
13. 0:22Periscope breakdown.
14. 0:24>> I might snag a long right now, actually.
15. 0:26>> You're going to try to play the
16. 0:27breakout?
17. 0:28>> Yes, I am. Just going to try to play it
18. 0:30up to possibly that 7425. That would be
19. 0:33my kind of target here.
20. 0:35>> Got you a couple of shares also. See,
21. 0:36keep an eye out for rejection here,
22. 0:38though. Just be careful.
23. 0:40Dude.
24. 0:40>> Ooh, there's a good fake pop there.
25. 0:42>> Hey, that's what I like to see.
26. 0:44>> There we go. Oh, there we go. Quick 25
27. 0:46bucks in 2 seconds. I could have held it
28. 0:48a little bit longer, but we're coming up
29. 0:50to that negative gamma, so I'm watching
30. 0:52that area there for
31. 0:54>> Yeah, they can be they can be nice
32. 0:55little inflection points for
33. 0:56acceleration, but when we have really
34. 0:58tight positive gamma right next to them,
35. 1:00I'm kind of eyeballing rejection and
36. 1:02being safe.
37. 1:03>> And the funny thing is how accurate was
38. 1:05that? [laughter] I said I was watching
39. 1:07that 7425,
40. 1:08and look where it rejected. I don't know
41. 1:11how better of an explanation that was
42. 1:14before it even happened there. I mean,
43. 1:15that was
44. 1:16>> Now, it can it can still it can still
45. 1:18just as well accelerate through that.
46. 1:20Look how much positive gamma sits above
47. 1:22it. Negative gamma zones tend to act as
48. 1:24acceleration. So, I like watching these
49. 1:26heavy negative gamma spots for rejection
50. 1:30to give re-entry. Uh but, we'll see how
51. 1:32this positive gamma below us develops.
52. 1:34If we start seeing these green bars up
53. 1:36here start moving down significantly.
54. 1:40Now, again, these little white dots show
55. 1:41the last interval period of 10 minutes
56. 1:44uh in the past, and you can just see
57. 1:45that 7460 I talked about in pre-market
58. 1:48is just still pushing. You could keep an
59. 1:50eye on that 7430 7435 maybe for an entry
60. 1:53short to try to top ticket.
61. 1:55But, we did reject heavy positive gamma
62. 1:58right above this wide negative gamma
63. 2:01zone. That's what I was looking for,
64. 2:03like I said, for a top tick entry. I
65. 2:04missed it. I was hoping to catch a
66. 2:06bounce that they did not give me. So,
67. 2:08your boy is still out.
68. 2:09>> the bounce right now for you. I'm
69. 2:11catching that bounce right now for you.
70. 2:13Actually, we'll take a little pop to Oh,
71. 2:15my stop didn't hit. What happened there?
72. 2:17That was unfortunate. I'm going to get
73. 2:19stopped here.
74. 2:20>> I'm taking it already in a moment. Here
75. 2:22we go. Now we're in positive profit here
76. 2:25from our first loss. If they bounce this
77. 2:27right here right now, I'm just going to
78. 2:28flatten. We're going to take our 100
79. 2:30bucks or so. Let's see. I would like
80. 2:32continuation, but I don't want those
81. 2:3430-second buyers to show up. All right,
82. 2:36here we go. Give me down there.
83. 2:39See what this does. I'm out. I'm taking
84. 2:42that. I still think we can flush. I'm
85. 2:44going to wait for a re-entry there. That
86. 2:45should have gotten a screen on the day.
87. 2:47It did. From negative 100 to positive
88. 2:5018. That's a win. I'm going to wait for
89. 2:53my re-entry here.
90. 2:54All right. I'm trying it. We will go
91. 2:56back negative if this stops me out.
92. 2:58[laughter]
93. 2:59Like I said, it has a lot of back
94. 3:00testing to do to the upside that I would
95. 3:02like it to do. Right now, I'm trying to
96. 3:05see if this is going to be our next
97. 3:06stair step down. That's why my stop's
98. 3:08right above it. So, let's see what they
99. 3:11do for me here if anything at all. I
100. 3:13want them to take out that prior low if
101. 3:16they can.
102. 3:17>> Okay.
103. 3:18>> We are basically there. I'm taking it.
104. 3:21>> LET'S [ __ ] GO.
105. 3:22>> DAMN.
106. 3:23>> I'm going to let this sit for a moment.
107. 3:25I'm not going to get cocky here, but
108. 3:27what I was looking at for those
109. 3:29wondering,
110. 3:30I'm just going to show why I shorted
111. 3:32that. They're forming the same pattern
112. 3:34they formed at the high that I
113. 3:35unfortunately missed. See how they
114. 3:37created this shelf of rejection right at
115. 3:39the high of day there? That's what I
116. 3:41wanted to short, but we missed it and I
117. 3:43was actually hoping this candle would
118. 3:45have back tested the bottom of that
119. 3:47shelf and we didn't. So, since we
120. 3:49didn't, I chased. We caught this candle
121. 3:51here, but the one that we were looking
122. 3:53at was this. This is another shelf that
123. 3:56they formed for me,
124. 3:57and you guys saw where my stop was. It
125. 3:59was right above this candle, because if
126. 4:02they took back that shelf, that tells me
127. 4:04they are going to back test higher, and
128. 4:05they didn't. So, I took the short with a
129. 4:08stop right above the shelf, and we went
130. 4:11home with some bacon. So, right now, I'm
131. 4:13waiting to see if they form that little
132. 4:15U recovery point off the bottom here.
133. 4:18This might be the shelf. If they take it
134. 4:20back above this, I'm going to get
135. 4:21tempted to short and trail it to the one
136. 4:23that
137. 4:23>> Yeah, I'm I'm looking short here at
138. 4:247,400 with you, actually. Looking short
139. 4:27at 7,400. They moved that positive gamma
140. 4:30down to 7,300.
141. 4:31>> it's chasing. I got to wait.
142. 4:33>> I will chase, because I'm ballsy.
143. 4:35>> [laughter]
144. 4:37>> Yep, I'm thinking we're going to see a
145. 4:38little resistance in this area,
146. 4:40hopefully. But, yeah, I
147. 4:41Give me a nice acceleration move, at
148. 4:43least down to that. We'll we'll see.
149. 4:46We'll see.
150. 4:46>> 7,390 currently serving as a little bit
151. 4:49of support on SPX.
152. 4:51>> Yeah, it's holding that VWAP. I need to
153. 4:53see it break that VWAP there.
154. 4:55Hold below that there. Well, let's just
155. 4:58go test the trading day low.
156. 5:00>> All right, Nasdaq's trying for that new
157. 5:01low. Are you targeting Are you targeting
158. 5:04those 44 area?
159. 5:06>> [sighs and gasps]
160. 5:06>> Yeah, I'd like to see if we can get to
161. 5:09>> I think you really like that 73
162. 5:11>> 85.
163. 5:12>> Yeah. I like 85.
164. 5:13>> All right.
165. 5:14>> That would just be just below the lows.
166. 5:16I like this. I like this. Wait, wait,
167. 5:17wait, wait. Not yet. Not yet. Not yet.
168. 5:18Put it up Put it higher. Put it higher.
169. 5:19Wait, wait.
170. 5:20>> Too late. I got to make up some of those
171. 5:21losses. I got to make up some of those
172. 5:22losses. I'm I'm making up some of those
173. 5:24losses.
174. 5:25>> That was a good trade, nonetheless.
175. 5:27>> I'll take it. I got I got to cut into
176. 5:28that some of that loss there.
177. 5:29>> You'll probably get re-entry.
178. 5:30>> Oh, yeah. I'm willing to bet.
179. 5:32>> We are now below that 7,390, and 7,370
180. 5:35is winking down there.
181. 5:37>> I mean, you get the small
182. 5:39>> My stop's really, really tight here.
183. 5:41Really tight, just the top of this
184. 5:431-minute candle that rejected. I want to
185. 5:44see if they do exactly what they did on
186. 5:46this wick. If they take me out, I'm
187. 5:48waiting for those 570s again. Let's
188. 5:50watch this for just a second here.
189. 5:53Ooh, they're chopping. They're chopping.
190. 5:55I need this rejection to hold or I'm
191. 5:57just going to be eating a small loss
192. 5:59here. Come on. Show me you like me, Naz.
193. 6:02I don't even want that much. I just want
194. 6:04like 20 points on this one. I'm not
195. 6:06going to get too spicy here. We'll take
196. 6:07a small loss if they bounce this. I want
197. 6:09it to be the new shelf again.
198. 6:11Uh I would love to see 415 tested. If
199. 6:13they stop me out, I'll wait for a little
200. 6:15bit higher. I still would love those
201. 6:16570s to test, personally. That would be
202. 6:18the cleanest entry short for me. But,
203. 6:21I'm going to move my target a little
204. 6:23more. Let's see if they can take this
205. 6:241-minute down for me. They made a new
206. 6:26low and a new high on that 1-minute
207. 6:29candle. So, I'm not going to get too
208. 6:30spicy. This is going to go either way.
209. 6:32There we go. We're at our 300 for the
210. 6:34day. We're done with this account,
211. 6:35folks.
212. 6:36That should be 300. 316.
213. 6:39I love these shorts, baby. Shorts on a
214. 6:41Monday.
215. 6:42Really quick, I'm going to walk through
216. 6:43why I took that short. This one is a lot
217. 6:46more simple than the last. So, this was
218. 6:48that shelf we took earlier. We got a
219. 6:49nice little trade to write there.
220. 6:52I bitched and moaned that I didn't get
221. 6:54in at the 560s,
222. 6:57but I was looking for this bounce to
223. 6:59form that same pattern of another stair
224. 7:01step to the downside and we got it.
225. 7:04Right where they bounced to
226. 7:06was right at my stop and I didn't get
227. 7:08filled. So, that was a little bit of
228. 7:10luck. I didn't want them to take out
229. 7:12this part of the shelf and they rejected
230. 7:14it perfectly. Right there's the bottom
231. 7:16of the last shelf they formed. That's
232. 7:17the shelf we shorted. They just back
233. 7:19tested the bottom of it. That would have
234. 7:21been another short entry. But, like I
235. 7:22said, we're done with this account for
236. 7:24the day.
237. 7:25There's 310. They wicked it. They're
238. 7:27bouncing now. Let's see what they can
239. 7:29do. If they give me another entry, we're
240. 7:30going to take another trade on the other
241. 7:32account. This is a much more dramatic
242. 7:34buy-up than the last U bottom they
243. 7:36formed. Like I said earlier, I like to
244. 7:38see them do these little U shapes for
245. 7:40the back test and then I eyeball the
246. 7:41bottoms of these last shelves that they
247. 7:43held as support to get back in. We're
248. 7:45hanging out folks. Today is a good day.
249. 7:48>> Giving it CPR. Giving it CPR.
250. 7:50>> Oh, they're tempting me Anthony. I'm
251. 7:52going for it. This will give back about
252. 7:54half of our win if they take me out. I'm
253. 7:55putting it right where I said the
254. 7:56midpoint of that shelf. Technically it
255. 7:58should be above that last red candle.
256. 8:00I'm not sitting through that much
257. 8:01drawdown. I'd rather stop out and get
258. 8:03back in. I want a new low of the day on
259. 8:06this candle here.
260. 8:07If they don't give it to me, I will take
261. 8:09the shackles. I don't like that
262. 8:10rounding. I'm flattening.
263. 8:12I'll take it. And look at that folks.
264. 8:14They are forming that U. I'm glad I got
265. 8:15out and didn't try to hold on for a new
266. 8:18low of day. There it is.