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🔴LIVE London Session Order Flow Scalping with Commenting | Real-Time Liquidity Trading — Transcript

by The Stoic (Futures) Trader · 2,366 words · 475 segments · language en · Watch on YouTube

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0:01What's happening traders? All right, so
0:05today we are back with the E-mini S&P.
0:10It is Tuesday, April 21st, and we are
0:15currently at 2:46
0:18p.m.
0:20European time.
0:25And let's see
0:27what kind of abundance the market will
0:30provide us today.
0:34Now, I do notice a bit more
0:38uh
0:39volatility than usual, even though it is
0:42still the London session.
0:44But
0:47this is also the period
0:49where the
0:51London session transitions to New York
0:55session
0:56as the
0:59New York pre-open is also currently
1:02going on, right?
1:05So
1:07yeah, it's not unusual to see a little
1:10bit more volatility.
1:23Right, so we do see more blueprints
1:28than red prints, also bigger numbers,
1:32right?
1:33So currently that tells me that around
1:37this year area,
1:38right?
1:40Let's say this year volume profile
1:44um
1:45the buyers were definitely
1:47the dominant ones controlling.
1:51And eventually they attacked, the price
1:56went higher, they lifted the offer.
1:59And now let's see if
2:01because as soon as they reach this
2:03pressure point
2:06the dynamics shifted a little bit. So,
2:09let me try to go with a
2:12short position.
2:16Oh, I do see a little bit of absorption,
2:18but there was no back ticking. So,
2:20immediate reaction from the sellers.
2:22Boom. And that's me getting out, right?
2:28And even though that the price continued
2:30lower as soon as that configuration was
2:34executed successfully
2:37I just get out, right? I don't need the
2:39full move. Um
2:42just
2:43you know, the reaction. And as soon as
2:45price comes to a halt
2:47right? Then I'm out.
2:50Because
2:52if it can go from here across this
2:55valley here very quickly to come into
2:58this year price level, it may do the
3:00same
3:01right? Reversed to the upside once it
3:04gets here.
3:06And I do believe we
3:09I'm going to try to catch a my position.
3:14Okay, let's see.
3:16This will act as my protection point.
3:18Now, I do have to go with a little bit
3:21more uh risk, obviously, since there is
3:25a little bit more of volatility going on
3:27currently.
3:28So,
3:30um
3:31it's not unusual while trading such a
3:35um you know, a volatile market,
3:37especially if the order book is thin.
3:40Right?
3:41In comparison with the let's say a
3:43thicker order book like the US Treasury
3:47bonds.
3:51Right. So,
4:07All right. Another lucrative trade.
4:11So, basically um as soon as the sellers
4:15pushed through this here low volume node
4:18or pressure point, right? very easily
4:21and the price came here.
4:23Um they basically kept attacking and and
4:27buyers were able to defend themselves,
4:29but there was no back ticking. That's
4:31why I took a short position.
4:34Um and basically, you know, targeting
4:37again a few ticks
4:39because according to
4:41auction market theory,
4:44um
4:45if the price comes back into a value
4:48area, especially around the POC,
4:52right? Um
4:54it may obviously bounce back.
4:56Um
4:58I will not go into much details.
5:01Uh I will save that for another um you
5:04know, uh more detailed or even a case
5:08study video if you guys would like that.
5:12Um so, let's currently focus on what is
5:15happening here and uh try to catch a
5:18couple of positions whenever possible.
5:25Right.
5:28Okay.
5:31Now, I am I can see that the buyers were
5:34becoming more and more dominant there,
5:36right?
5:38Uh but if there is not a real
5:39follow-through, then I will just exit my
5:42position
5:44um before the price rotates against me.
5:49Now, I do see a little bit more seller
5:51stepping in here. So, let me try to
5:54catch a short position here.
5:57And let me just
5:59try to target this here. Well, that is
6:02not
6:03what I wanted to see.
6:05But, I have just reentered, right?
6:10Perhaps not the wisest thing.
6:13But,
6:14um, let's see.
6:17Okay.
6:19So, the buyers are showing effort
6:22without any follow through. They are not
6:24getting rewarded so far for their
6:26efforts. And usually if that happens,
6:29um, they may puke out, which should
6:32drive the price again
6:34to around my entry point.
6:38Um, yeah, I noticed some absorption,
6:41which gave me the confidence to hold on
6:43to my position.
6:45Right? We do see a little bit more
6:46aggressiveness from the sellers.
6:49Right? Um, and now, yeah.
6:53The buyers are
6:55starting to pull out, but
7:01other buyers are also
7:05trying to lift the offer.
7:07So, there is a lot of action going on
7:09currently.
7:11Okay, so the sellers currently
7:15are the aggressors.
7:16But, now look.
7:18They basically
7:21uh,
7:22oh.
7:24Oh, damn. I just
7:32Yeah.
7:39Instead of clicking on buy,
7:42I clicked on short, guys.
7:45That was not what I wanted to do.
7:55Now, basically, I flipped my position.
8:00Uh before that though, I made a small
8:03mistake, added more size to my losing
8:06position instead of getting out.
8:10But luckily,
8:13I corrected that mistake. Yeah, it did
8:16cost me some profits, unfortunately.
8:20But uh
8:23it is what it is.
8:27Right. So, we do see that the sellers
8:31um definitely show little effort to
8:36attack the
8:38current
8:39bid levels.
8:41And that's why buyers are starting to
8:44line up here.
8:46Um and that is also why sellers did not
8:51make an attempt to attack this level
8:54here, right?
8:56And by the way,
8:59let me try to get out here. Yes, there
9:02you go.
9:04All right. So,
9:06yes, I made a small boo-boo.
9:08But I made up for it, luckily. Um
9:13and now let's see what will happen at
9:16this point.
9:18Cuz here on the
9:21micro, I see that price basically
9:25skipped the level, right? And then
9:29uh sellers took over.
9:31Yep, took over, price pushed down.
9:35Uh okay.
9:37Buyers.
9:40attempted to attack with aggressive
9:43orders here.
9:48But did not get rewarded.
9:51So, if they now pull out their orders in
9:55the bid levels deliberately,
9:57um
9:59and M price takes down a couple of
10:01ticks, it's probably those buyers who
10:03did attack are puking out, uh exiting
10:07their positions, and then,
10:10you know,
10:11pull their limit orders here. But as
10:13soon as we see some absorption going on,
10:17um they may, like this year, right? You
10:20see that? 40 contracts every time, 12
10:24contracts, 41, 18.
10:27So,
10:28let's see if the buyers are indeed
10:33quietly and passively
10:36controlling the
10:38downward momentum.
10:40Um
10:41Yeah, I saw a opportunity
10:45to take a quick scalp.
10:49Okay, that is not what you want to see,
10:53right? That the price just, you know,
10:55triggers you while,
10:58you know, smashing through it.
11:04And
11:05now I'm going to try to take a sell
11:08position.
11:14Because the buyers are still getting
11:16absorbed.
11:19My early buy position here was a little
11:21bit aggressive.
11:23I'll admit that. But sometimes
11:26you have to be right because,
11:29like the first couple of trades,
11:32um
11:33you know, you want to enter with a limit
11:35order and price comes
11:38um
11:39and basically, you know,
11:41um does not trigger your position
11:44and you miss out. So, because the ES is,
11:48as we know, uh pretty volatile or at
11:50least it can be
11:52from time to time.
11:55Um
11:56yeah, sometimes you
11:58have to take you know, market orders,
12:02um
12:11I do see a little bit of stalling going
12:14on, so I will adjust my
12:18take profit manually.
12:21Uh the buyers are still engaged.
12:25So, that gives me the confidence to hold
12:27on to my position a little bit longer,
12:29but now they are getting absorbed, so I
12:31should be cautious, even though it's one
12:34tick. Okay, now I see a little bit of
12:36follow-through and there you go. Right?
12:39So, luckily
12:40um
12:45yeah.
12:46They were able to uh
12:49attack and now we do see, um you know,
12:53absorption going on from the sell side.
12:58Uh back ticking
12:59smaller,
13:01uh
13:01you know, less aggressive
13:05attack from the buy side.
13:11I will just target to this year's
13:12pressure points
13:14because it doesn't matter if price
13:16crosses or not, if the buyers step in
13:19here
13:20either way, I will just um get filled on
13:23my take profit
13:25which is my intention.
13:28Right?
13:31Because as we know by now, I don't trade
13:34in a predictive way. It's just pure
13:36reaction. Right?
13:38Um let's see if this year price level
13:41will hold. No, obviously it did not.
13:47Let me try to exit my position
13:50and try to catch a
13:54flip position. Yep.
13:57There you go.
13:59Now, let me exit because I already start
14:02to see
14:03that there is a little bit uh
14:06less uh base follow through.
14:09Plus again, as I say many many times,
14:12this is exactly the area after a sudden
14:14rapid move to the upside
14:17um
14:18to emotionally trigger reactive traders
14:22who are scared of missing out. They want
14:24to join the ride before it breaks out,
14:27and then they basically provide
14:29liquidity to the buyer
14:32like myself who bought lower, and that
14:34is the exact area uh which is ideal for
14:38us to exit our position.
14:40Now, the second time, let's see. It may
14:44tick through a couple of ticks.
14:47And
14:48again, it doesn't matter if it you know,
14:51goes higher.
14:53At the first attempt, the second
14:54attempt, as soon as it ticks a little
14:57bit higher to trap perhaps buyers here,
15:00right? I'm in profit. Now, this would
15:03then act as my protection point
15:05currently, obviously. Right? So,
15:09um let me see.
15:11Uh
15:14I'm getting out.
15:18One tick loss there, which is fine.
15:23Because there is still some unfinished
15:25auction here.
15:27And if the price first rotates lower
15:29here and I rather get out with one tick
15:32and try to
15:34re-enter at better price like in this
15:38case example,
15:40right? So,
15:42now I can
15:44target this year price level for ticks.
15:51Um the buyers are still the dominant
15:54participants, which is exactly what we
15:57would like to see.
15:58And looking at it diagonally, they are
16:02becoming more aggressive as well in
16:03comparison with the sellers. And there
16:06you go, another profitable trade or a
16:08lucrative position, right? And
16:12you see guys, as soon as price comes
16:14here to that edge of the volume profile,
16:17it may tick
16:18through one two ticks, right? Um to
16:23uh
16:23engage more buyers.
16:26Um but
16:27after no real follow-through after
16:30absorption, those buyers may puke out
16:34and then the seller here may start to
16:36attack,
16:37um you know, gradually after
16:39accumulating positions here.
16:42Um
16:44and if that's the case, it can rotate
16:46lower very fast. And I do believe that
16:50that is exactly what is going on here.
16:53So, you see, we do see a huge
16:56number printing here with no real
16:58follow-through. The sellers are, you
17:00know, reloading.
17:02Um
17:04Other buyers are getting out either,
17:08you know, through limit orders or
17:10perhaps even market orders.
17:13Um
17:14So, if there is a big or large number
17:17printed here
17:19at around these levels, it's probably,
17:21you know, buyers who got triggered here
17:24and click click are clicking market
17:26orders if this is, for example, the
17:28current ask, right?
17:30Um I do I do see a little bit difficulty
17:34from the sellers. So, 84 10 3
17:39Okay, now they are trying to push below
17:42the
17:44point of control.
17:46Yep, I'm trying to catch a
17:50continuation trade, an as-she-go trade
17:53because
17:54again, as soon as price came here
17:56earlier, it failed to rotate or continue
17:59higher. Instead, it rotated back.
18:02Right, sellers took over control and
18:04now, basically,
18:06um
18:07they are clearing the bid levels,
18:10hitting them and clearing them.
18:13Now, I do see a little bit of
18:15you know,
18:17difficulty happening here. Um I was
18:20thinking of perhaps targeting here, but
18:24you know,
18:27I won't sacrifice my profits made
18:30already for
18:31two additional ticks. I will just get
18:33out with whatever I have at that time.
18:36Three,
18:37two, five ticks, doesn't matter.
18:41Okay, so
18:43basically, the price is again back at
18:47where it all started, right? Where we
18:49did notice that there were passive
18:52buyers, which eventually were able to
18:55push the price all the way back
18:57up.
18:58Um now, however, the sellers are
19:01clipping very easily
19:04uh through that price level.
19:07And I just flipped my position because
19:10in
19:11uh I first
19:13thought that they may push through, but
19:15as soon as I noticed this year right?
19:20Absorption
19:21um
19:23aggressive attack, I basically flipped
19:25my position without ever getting out of
19:28the market.
19:30And let's see, I do see some absorption
19:33here and aggressive attack, but this
19:37also made those sellers who just like me
19:42um
19:43you know
19:46notice that they may be on the wrong
19:48side and taking market orders
19:51to um limit their risk.
19:55Now, what I would like to see is a
19:56little bit more follow through from the
19:59buyers, which is currently happening.
20:02And let's see if they
20:06can push it a little bit higher.
20:10Okay.
20:13Yes. Yes.
20:16Aha, there you go, right? And so now
20:19after again absorbing everything, they
20:22went into uh initiative mode, right?
20:26And basically,
20:28were able to push it with little to no
20:31effort through those levels. And again,
20:34not necessarily because the buyers were
20:36the aggressors as we can see here, but
20:39purely after sellers noticing that they
20:43are getting duped, they also pull out,
20:46exit their position, and you know, those
20:50um stop orders of the sellers become
20:54market buy orders, and that's why if
20:57they pull out and those market orders
20:59are getting filled, right? Latent
21:01liquidity, we cannot see them uh in the
21:04order book, um then obviously that will
21:07drive the price higher.
21:10Um
21:11So
21:12Well, let's see.
21:23Okay, there are definitely some buyers
21:25present here.
21:31Just a quick two ticks.
21:36Well, in this case three, if it plays
21:38out.
21:46Let me just
21:47be prepared just in case.
21:52Yeah, let me just get out exit my
21:54position like that.
21:57And
21:59looking at the time, we are exactly 22
22:02minutes into the session and I am well
22:05over $2,000
22:08in profit. So
22:10I say this is job well done.
22:13So, let me call this
22:17a session and end it. And probably I
22:20will have a look later
22:22if I do see
22:25good
22:27price action, I can decide to continue
22:30my session.
22:31And if not
22:33well, I will take comfort in the profits
22:36that I made today.
22:38I hope you guys enjoyed it and I will
22:40catch you again in the next video. Until
22:43then, stay blessed.

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