🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
Full transcript
- 0:14Yo,
- 0:22what
- 0:44Morning
- 0:48two. Why is Lucid doing this to me?
- 1:07Bro, Lucid is saying like that I'm using
- 1:10a bot or something.
- 1:28Yeah, dude. I don't know. They're like,
- 1:30um, so they keep disconnecting my
- 1:32rhythmic connection.
- 1:34So like every morning I can't log into
- 1:37my Lucid accounts
- 1:43and then I hit them up and then like I h
- 1:45it happened on Friday.
- 1:49It happened on Friday and then I hit
- 1:51them up saying like, "Yo, can you guys
- 1:53fix this?" And then they fixed it on
- 1:56Friday and then again
- 2:00Today
- 2:02I couldn't log into the rhythmic
- 2:04account. So then I hit them up again and
- 2:06they're telling me like,
- 2:09"Oh yeah, we turned off your rhythmic
- 2:11connection because you were abusing the
- 2:14API using uh a trading bot." Like what?
- 2:20No, I was not, sir.
- 2:32So, I Yeah, I didn't even know that
- 2:34Lucid even has an API.
- 2:38>> So, I don't know,
- 2:43bro. Yeah, they just don't like me.
- 2:47Just don't like me. I guess
- 2:51it's weird.
- 3:08No, they didn't ban me, but
- 3:11they're just [Â __Â ] making it
- 3:12difficult.
- 3:47So hopefully they don't they don't like
- 3:50because I have two active accounts with
- 3:52them. They're not funded. They're just
- 3:53evals. But
- 3:58>> yeah, New York's probably going to be
- 3:59pretty nasty this morning.
- 4:12>> Yeah. Hopefully that Lucid thing gets
- 4:14sorted out cuz I I hit him back, bro. I
- 4:17was like
- 4:20I was like I don't use the API and I
- 4:23definitely don't use a trading bot.
- 4:29It's [Â __Â ] weird.
- 4:56I got to pass this e out today.
- 5:05>> Good morning. What up,
- 5:09>> deuce? You better not do what you did on
- 5:11Friday, bro. Please just take your time.
- 5:21Now my profer is all manual like CSV
- 5:24inputs.
- 5:52I am kind of expecting um this morning
- 5:55to be pretty gross. What I'm watching at
- 5:57what I'm looking at this morning is up
- 5:59here
- 6:00the uh HVL and the C in the call wall
- 6:04between 910 and 950.
- 6:06It's kind of like I'm watching if we're
- 6:08going to actually get past this or
- 6:11rotate back towards the P1.
- 6:16Well, I'm going to use top step, but
- 6:22I need I don't know $700.
- 6:27Pass it.
- 6:36scout that today. Although I am slightly
- 6:38worried about
- 6:42all this like random spikes of
- 6:45volatility that keep popping out every
- 6:47morning or all morning so far. We had
- 6:51this nasty move down and then it pop
- 6:53back up.
- 7:00I hope Lucid fixes their thing so that I
- 7:03can
- 7:05trade those accounts today.
- 7:13I hope they don't ban me for something I
- 7:15didn't do.
- 7:45Let me go look at it real quick.
- 7:48Yeah, bro.
- 7:56I'll fix that [Â __Â ]
- 8:07All right. Anyways,
- 8:10so yeah, this morning
- 8:13I'm going to trade this Eval. We have
- 8:18some war news happening pre-market.
- 8:21We had a large drop
- 8:25due to
- 8:28some news coming out saying that a US
- 8:31thing got hit with some missiles and
- 8:32then they denied it. So then we just
- 8:35retraced this entire move down and then
- 8:38they said something about opening the
- 8:39straight. We're getting a little bit of
- 8:42volatility spikes.
- 8:44Kind of a
- 8:46kind of a sketchy uh
- 8:50sketchy morning. It's a big week. It's
- 8:51the first week of the month. So, you
- 8:53know, we have all of our big red folder
- 8:55news this week. We got Jolts and
- 8:58like NFP and stuff, I'm pretty sure.
- 9:00Right.
- 9:05We have NFP this week, right? Yeah.
- 9:07Yeah, we got NFP.
- 9:12So, and for whatever reason, my rhythmic
- 9:16connect, dude, there's this problem with
- 9:19Atas X. Okay, like Atas X, the new one,
- 9:23they
- 9:25every once in a while my rhythmic
- 9:27connection through my live account
- 9:29sometimes like
- 9:31just doesn't connect.
- 9:34So then I don't have all the DOM levels.
- 9:37But what they did do is they added the
- 9:40heat map for me which is chill. So I got
- 9:45to test that out later.
- 9:48I got the new heat map. I thought I was
- 9:50going to have to wait until the 19th of
- 9:52May, but
- 9:54we got it.
- 9:58So, this morning I'm watching
- 10:00right here. If we push up,
- 10:06my eyes are on here.
- 10:15We are still very much bullish on the
- 10:17higher time frames.
- 10:24But
- 10:25we move up into here and we fail to
- 10:27actually
- 10:30go higher then I'm expecting us to
- 10:32rotate back lower towards
- 10:35just kind of be in this range at least
- 10:37take these lows in the event that we
- 10:39start
- 10:44in the event that we start getting above
- 10:46um the call wall here
- 10:50at 950.
- 10:54Then I am watching I'll I'll be watching
- 10:57for us to continue higher into price
- 10:58discovery and probably come I mean for
- 11:00sure past 28,000 but probably up here
- 11:04towards uh 28,80
- 11:07or 75
- 11:31Yeah, last week last week I uh
- 11:35>> I took a break from the live streams.
- 11:41I got my ass handed to me last month,
- 11:43dude. So,
- 11:46I need to take a breather for a second.
- 11:54The gray box mean
- 11:57what gray box?
- 12:00Which gray box are we looking at?
- 12:04Oh, this this gray box.
- 12:08This is uh my sessions indicator or a
- 12:12sessions indicator, not my sessions
- 12:14indicator, but
- 12:20basically just shows me I I mean I have
- 12:22it set for the times that I want, but
- 12:24this is I treat this is my New York
- 12:26session, which yes, I understand that
- 12:29it's dry in the box before New York
- 12:31actually opened up, but
- 12:34I have it taken to account pre-market.
- 12:37So the gray box is uh New York. This one
- 12:42is London. This one is Asia for the
- 12:45times that I set for it.
- 12:51Today I'm probably going to be a little
- 12:53careful just due to um
- 13:02the news going on.
- 13:10If I if I can just um
- 13:14pass this uh pass this account, we
- 13:17should be okay.
- 13:19Won't be a bad day. And then I need to
- 13:23fix that stuff with Lucid. I don't know
- 13:25how I can prove to them that I'm not
- 13:27using a trading bot, but
- 13:31I'm going to be I'm honestly going to be
- 13:33devastated if they [Â __Â ] ban me for
- 13:35using a trading bot and I'm not even
- 13:37using a trading bot. That'd be crazy
- 13:41because like for the past like
- 13:45past week I've been having issues. They
- 13:47never told me why. They just would
- 13:49reconnect my rhythmic and then like
- 13:51finally today they were like, "Oh, it
- 13:53was because you You're abusing the API
- 13:55with a bot. I'm like, what?
- 13:59Not true.
- 14:28So, if we push up right now, we'll be
- 14:30watching this area up here.
- 14:48Oh, I think they got back to me. See
- 14:50what they said.
- 14:55They said they're going to
- 14:58get with their technical team and take a
- 15:00closer look.
- 15:02Closer look,
- 15:07bro. Stop [Â __Â ] with me, dude.
- 15:14Closer look. I wonder what it is that
- 15:16made them think I was using a bot. Like,
- 15:18what the hell?
- 15:25I don't even do any type of high
- 15:26frequency trading or anything.
- 16:12Yo, Eddie,
- 16:14can you do me a favor and can you uh
- 16:17record Tanuki while I'm streaming?
- 16:21Thanks, bro.
- 16:46All
- 17:01right. So far, this first five minute
- 17:03candle has been pretty nasty. We're kind
- 17:05of like we kind of opened up right
- 17:07around the gamma flip level and then we
- 17:09have some stack levels right here.
- 17:17785 and
- 17:22865
- 17:23870.
- 17:30So right here,
- 17:35right here.
- 17:44So I just want to make sure we're not
- 17:46about to just like do some nasty
- 17:48whiplash right here.
- 18:11Let's see if my my rhythmic connection
- 18:13is working
- 18:17for my live account.
- 19:00No,
- 19:02it's tweaking.
- 19:10I'm probably going to wait for us to get
- 19:11out of this area, honestly.
- 19:25So,
- 19:32>> I just I have a feeling right now that
- 19:34we're going to just kind of mess around
- 19:35in here. Unless we break lower, we start
- 19:38approaching up here. I'm probably going
- 19:40to just like chill for a sec.
- 19:45I'm train this eval.
- 19:48I need like 700 bucks.
- 19:52Probably use
- 19:57probably use like one mini.
- 20:02One to two minis.
- 20:06Probably two minis honestly.
- 20:10Just try and cap capture like 70 ticks
- 20:13or something.
- 21:33Let me mark out this area.
- 21:49This is the official don't touch this
- 21:53zone for me.
- 22:09Do we have any news today, by the way?
- 22:14Nope. Oh, we have factory orders.
- 22:18That's probably not going to do
- 22:19anything.
- 22:26Yeah, US uh factory orders month over
- 22:30month.
- 22:32I guess they'll just understand it's
- 22:34there. But I don't really think that's
- 22:36going to do much.
- 22:56But yeah, like last uh last month while
- 22:59I was streaming,
- 23:01the reason why I had to stop streaming
- 23:03for a week is because honestly like
- 23:09it kind of start messing with my
- 23:11execution a little bit
- 23:14cuz sometimes I'm sitting here, right,
- 23:16and we're kind of just like sitting
- 23:18here. It gets boring
- 23:22and like I try to make it not boring. So
- 23:24sometimes I like force a trade
- 23:27and the mo the moment I realized I was
- 23:29doing that just for the sake of not
- 23:32having a stream where I just sit here
- 23:34and do nothing. I had to stop because
- 23:39the end of the day, you know, sometimes
- 23:40we just got to sit here and not do
- 23:41anything. So
- 23:45moving forward, I don't give a I don't I
- 23:47honestly don't give a [Â __Â ] if it's
- 23:48boring. Like that's just how it is. You
- 23:51know what I mean?
- 23:58Uh, I got to stop doing that
- 24:06because some of the conditions we've
- 24:08been having, they're just like no trade
- 24:10conditions for me. Like right now,
- 24:12right, this is a no trade condition
- 24:13currently.
- 24:24two trades last week. That's pretty
- 24:25good.
- 24:36Yeah. Plus, I also have to be pretty
- 24:38careful because
- 24:43I got to get some funded accounts again.
- 24:48I [Â __Â ] him up,
- 24:50dude. There was like three or four times
- 24:52last month where I was literally like
- 24:54eligible for a payout where I was on
- 24:56like the fifth day,
- 24:59but they were small payouts. They were
- 25:01only like for like 1,200 bucks,
- 25:04like two grand, but it was like three or
- 25:07four times, right?
- 25:09And then I just tried to get a bigger
- 25:11payout and then I just blew the accounts
- 25:14and I just got hella frustrated.
- 25:18and just [Â __Â ] compounded the tilt
- 25:21until I basically like last month I'm I
- 25:24was net positive but dude I only made
- 25:26like $800. It was [Â __Â ] sad
- 25:31after fees. I only pulled like $3,000 in
- 25:33payouts.
- 25:38I avoid trading what in general do you
- 25:41avoid trading if price is inside value?
- 25:44Not necessarily.
- 25:46Just if I can see that
- 25:49it's on [Â __Â ] Like what do I mean by
- 25:52price being on [Â __Â ] Well, a lot of
- 25:55the times when you have like a very
- 25:56large move pre-market or overnight,
- 26:00at least with the
- 26:05Oh, hold on.
- 26:10Lucid said they fixed it.
- 26:13BR.
- 26:18You guys did not fix it.
- 26:24Oh, they fixed it.
- 26:28All right, let me connect it to my ATS,
- 26:34bro. Like, what the [Â __Â ] You're going
- 26:35to tell me I'm using a bot? Get out of
- 26:37here.
- 26:39Why is it not working on this?
- 26:46So, what what I mean by um
- 26:54Oh, there we go. Now we're connected.
- 26:57>> Oh, now it disconnected,
- 27:00bro.
- 27:03So, this is what I mean. So, like let's
- 27:06say we open up, right? When we push up,
- 27:11we First of all, the volume is pretty
- 27:13low right now for You guys can't really
- 27:16see this. Let me move it up. The volume
- 27:18is pretty low right now for an open. We
- 27:20have 37,2721.
- 27:23That's actually pretty low. Typically on
- 27:26MNQ, what I see at the open is the first
- 27:3015 minutes. Each fiveminute candle will
- 27:32usually have anywhere between like, you
- 27:34know, mid30,000
- 27:36to sometimes up to 50 to 60,000
- 27:40contracts traded.
- 27:42So when volume is low or lower than
- 27:48usual, it's the first kind of red flag
- 27:50for me to be like, "All right, let's
- 27:52just kind of chill here for a second."
- 27:55And then when you see this like where we
- 27:58keep making we keep attempting to push
- 28:01in a direction and then the effort is
- 28:04not resulting in actual price movement
- 28:06and we're actually in between two major
- 28:08stack levels in terms of gamma right
- 28:10now. So there is a chance being right
- 28:12around HBO
- 28:14with low volume watching aggression not
- 28:18result in actual price movement that we
- 28:20could kind of just like
- 28:23do that right. So until I'm proven wrong
- 28:26otherwise meaning like until we actually
- 28:28start moving somewhere
- 28:31then just wait
- 28:33and just chill.
- 28:36And if we do this all morning, well then
- 28:38no trade.
- 28:44>> Implement any new objective rules? Well,
- 28:47I don't need to implement new rules. I
- 28:49just got to like
- 28:52just like
- 28:55not force not force any trades just for
- 28:59the sake of a live stream or content.
- 29:10because like I make content, right? So,
- 29:11I want to like take trades, show the
- 29:13trades I take,
- 29:16live stream for you guys,
- 29:19you know what I mean?
- 29:22But unfortunately, like
- 29:27>> a lot of these days or a lot of the days
- 29:29last month really should have been no
- 29:31trade days.
- 29:36And just because we move into a new
- 29:37month and it's like, "Oh, it's May. This
- 29:39is May price action." Well, it doesn't
- 29:42really work like that. We're still going
- 29:43to be doing the same thing until we
- 29:45stop. So,
- 29:49>> gota just I' I'd rather sit here,
- 29:53wake up every morning, sit here, hop on
- 29:56stream, do daily outlook analysis, send
- 29:59it in the [Â __Â ] Discord, and then just
- 30:02sit here and do nothing if it doesn't
- 30:04show anything for me to do rather than
- 30:07like
- 30:10just force some random [Â __Â ] So, so far
- 30:14like this morning, right, my daily
- 30:16outlook or my plan was I want to see
- 30:18what happens up here. So, we're not up
- 30:20here yet. So, don't do anything.
- 31:05I will say that we are pretty bullish.
- 31:08So,
- 31:09makes me less inclined to want to try
- 31:11and short something, but
- 31:14we'll see.
- 31:35I'm slightly handicapped right now
- 31:37because
- 31:39I don't have the DOM levels.
- 31:42I don't know why my uh
- 31:48rhythmic connection isn't working with
- 31:50my live account.
- 31:53Well, I do know why. It's because ATAS X
- 31:55has like issues. I could probably, now
- 31:58that I think about it, I could probably
- 32:00close this, open the old ATS, and then
- 32:02probably work.
- 32:09We're chill. We're chill.
- 32:47Good luck, Mr. Joseph.
- 32:52I don't know what you're in, but I hope
- 32:54it goes whatever way you're trying to
- 32:56have it go.
- 33:36Do I usually come in with a bias? Yeah,
- 33:41higher time frame is bullish.
- 33:47We're at alltime high basically. So,
- 33:54I'm watching this level, though. This is
- 33:57basically where in my daily outlook that
- 34:00I sent in the Discord where I said I'm
- 34:03watching this area to see if we're
- 34:05actually going to get past it
- 34:07or not. We get past it, then I'm
- 34:10expecting us to come up here into the
- 34:1228,000s.
- 34:14If we don't get past it,
- 34:17then I'm expecting us to potentially
- 34:19have just like
- 34:21we do something like this.
- 34:25I'm watching down here, too, though.
- 34:36But yeah, usually anytime there's a
- 34:38large move pre-market or a large move
- 34:40from the overnight,
- 34:42I usually
- 34:44I'm a little more cautious when it comes
- 34:46to New York open.
- 35:04Plus, like where did we open? Right? If
- 35:07if you were to mark this out, by the
- 35:09way, like let's just say from this high
- 35:11to this low,
- 35:15we're opening right right around the
- 35:17midpoint of this whole like area,
- 35:25which is not ideal.
- 36:26Dude, I traded this this uh combine. I
- 36:29traded it a little bit last night,
- 36:31right? That's like where the profits
- 36:32came from.
- 36:34Um
- 36:37actually,
- 36:39it was at like 1,400. I needed like a
- 36:41hundred more dollars and I took a
- 36:44negative riskreward trade and it [Â __Â ]
- 36:47lost like
- 36:49it lost it lost like 500 bucks.
- 36:54I was risking 500 to try and make a $100
- 36:56and it just didn't work out.
- 37:02But it's all right.
- 37:28D I'm kind of stoked though. I got the
- 37:29new heat map on a once my data starts
- 37:33working. I'm about to set that up.
- 37:35Say goodbye to this one. I'm going to
- 37:37replace it.
- 37:42It's going to be like I have bookmap
- 37:43again. It's been a long time since I've
- 37:45had bookmap.
- 37:48And honestly, Atas's like old uh their
- 37:52old heat map um really isn't the best,
- 37:57but I mean it does it does it job, you
- 37:59know,
- 38:01but
- 38:04I just saw that they gave me access to
- 38:06it today.
- 38:09So, we're going to set that up later.
- 38:39I will I will say though if this if this
- 38:42new hourly candle opens up
- 38:46and we don't increase participation
- 38:50meaning like there's
- 38:52we don't have like sustain an increase
- 38:54in volume or we start doing anything
- 38:57then
- 38:59you know if we stay in here after the
- 39:02new 4 hour
- 39:05I think it would be the smartest
- 39:06decision for the way that I trade to
- 39:08just literally
- 39:12do something
- 39:46All of these large transactions
- 39:48happening inside of this area without
- 39:50any price progression is just kind kind
- 39:52Nasty.
- 40:16And as long as we stay in here,
- 40:20if you're a breakout trader, I would be
- 40:22careful.
- 41:21Dude, I don't know what happened, but
- 41:22last night
- 41:25I don't know if I slept weird or
- 41:26something. My neck is all [Â __Â ] up.
- 41:31[Â __Â ] hurts to look this way.
- 41:44Yeah, it moved up to um
- 41:48HBO.
- 41:52I think we probably do come up here
- 41:54though.
- 42:03Maybe at the hourly,
- 42:07the 4hour open.
- 42:28We have very low volume right now.
- 42:46Damn, Joseph. Rookie mistake, dude.
- 42:50It's a rookie mistake.
- 43:04No, I'm just messing with you.
- 43:12The market's trying to trick me right
- 43:14now. It knows that I'm I only need 700
- 43:17bucks, 600 bucks to pass this account.
- 43:21It's trying to convince me to trade it
- 43:23in the chop. I'm not going to fall for
- 43:25it today.
- 43:54All right, let's see what happens when
- 43:57we come up into this area.
- 44:25is recorded on two separate
- 44:33simultaneous separate
- 44:35The sounds are blended together.
- 45:22also
- 45:25Alpha Futures has their new plans
- 45:27currently 25% off of Code Thrax. Had to
- 45:29put that plug in there. The shameless
- 45:31plug.
- 45:33I'm probably going to buy some this
- 45:35week. Premium
- 45:39seems pretty chill.
- 45:46It's better. It's better than top steps
- 45:47plan right now. Say that.
- 46:28dude. I hope I hope I hope hope you guys
- 46:30aren't just getting wrecked trying to
- 46:32trade this right now.
- 46:34Or if you did get an entry, I hope you
- 46:37got a fire one.
- 46:56Then again, this really wasn't that big.
- 46:58What was it like 100 points?
- 47:0350 points. Yeah, you could have easily
- 47:04had a normal stop loss
- 47:07and not gotten taken out.
- 47:16Yeah.
- 47:32Heat.
- 47:55Joseph,
- 47:57are you going to take the orb? The orb
- 47:59belongs?
- 48:03Yeah, I'm on the test platform.
- 48:11Oh, you already did. What? What orb do
- 48:13you trade?
- 48:17Five minute orb or something? 10 minute
- 48:20orb.
- 48:2610 minute.
- 48:30All right.
- 49:11We're going to get started. stuck in
- 49:12here. Yeah, this PA is nasty, dude. If
- 49:15we're going to get stuck in here all
- 49:16morning, um
- 49:21we might have a we might have a nice
- 49:23move during launch or PM,
- 49:26but
- 49:34I don't know if we keep doing this for a
- 49:35while.
- 49:42probably just gonna not touch it
- 49:47because I can right now I can I can hear
- 49:51the cries and the pain of agony coming
- 49:54from all the
- 49:57all the prop firm traders
- 50:01getting whooped right now.
- 50:05And then and then I can I can hear uh
- 50:09all the complaints about price action
- 50:11happening right now.
- 50:19But you know what? If we sit here,
- 50:23you got to think about it like this,
- 50:24right? If we sit here and we see that
- 50:27this is happening
- 50:30and most of us are probably sitting here
- 50:32being like, "Gross.
- 50:35Price action is gross, right? Well,
- 50:42you don't have to trade it. You know
- 50:44what I mean?
- 50:49Good thing we have free will
- 50:53today. We We should exercise that free
- 50:55will.
- 50:58Unless you unless you're like uh you
- 51:00know scalping a I don't know, some type
- 51:03of scalp.
- 51:06strat where you're like able to trade
- 51:09well on the chop
- 51:11and you're probably killing it.
- 51:19But that is not to me. That's what
- 51:22you're trying to do. You're trying to
- 51:23scalp it. Not a bad idea if you do it
- 51:26the right way.
- 51:36It would be different though, like if we
- 51:37were rotating or we were balanced where
- 51:39we had defined highs and lows, like it
- 51:41would be a little bit easier for me to
- 51:42try and fade something. But it's kind of
- 51:44messy where there's not really like um
- 51:48defined highs or lows for this like
- 51:50range here.
- 51:52And then we're kind of just like slowly
- 51:55grinding up. And then you see all these
- 51:58sellers coming in, right? They're trying
- 52:00to push lower. Trying to push lower.
- 52:02Trying to push lower. They're failing to
- 52:04actually get anywhere.
- 52:11That is gross.
- 52:27My heart goes out to anyone who was in
- 52:29the lungs right there. Stop.
- 52:34>> Yeah. Let's go see if there was anything
- 52:36that happened there.
- 52:40>> Yeah. Someone pull up True Social.
- 52:51You know what? Maybe I'll take some time
- 52:53and figure out a way where I can
- 52:57scrape truth social like every
- 53:02have him email me his dude cuz I don't
- 53:05know. Let's go look at it.
- 53:26You didn't see he didn't post anything.
- 53:38>> I mean
- 53:45But Eddie, think about it like this,
- 53:47right? We've been having war news.
- 53:50We've been having war news all month,
- 53:52dude.
- 53:54You know what I mean?
- 54:01Like today, I mean,
- 54:07I don't know. I don't I wouldn't Me
- 54:11personally, I wouldn't necessarily
- 54:15ignore everything else and then stick
- 54:17with like a short bias because of some
- 54:19war war stuff because
- 54:23I mean like a perfect example of it is
- 54:25that one week where we just pushed up
- 54:27without a single pullback. It's probably
- 54:29somewhere over here.
- 54:32But um we had we had war news that
- 54:35entire time. Where was it? Right here.
- 54:38Right.
- 54:42This whole week, right, there was war
- 54:44news. Bombs were dropping
- 54:46talking about, "Oh, we had good talks.
- 54:48Baron goes, I never talked to you guys.
- 54:52Oh, we reject your deal. Blah blah blah.
- 54:54If you don't blah blah blah blah blah,
- 54:56the whole time we just pumped." It's
- 54:58like,
- 55:00you know, it's kind of sketchy
- 55:04market. Like, look at all this pressure.
- 55:08Okay, look at all of this. All these
- 55:10contracts traded.
- 55:14And where are we? Where are we? We're
- 55:16right back where we were right before
- 55:17that even happened in the first place.
- 55:20It's kind of gross.
- 55:26No, we're trying to push up again.
- 55:31It's pretty nasty.
- 55:46The only area I'm watching today
- 55:50right here.
- 55:52That is it.
- 55:59But I'm honestly leaning towards not
- 56:01even
- 56:04even touching it.
- 56:11Yeah, we did have this pre-market.
- 56:14We literally came all the We just
- 56:15retraced the the whole thing basically
- 56:19and then we had this pre-market. Then it
- 56:22came back up and then it like ran up
- 56:23like a 100 ticks really quick and then
- 56:25came back
- 56:28and now we're having this really nasty
- 56:30like
- 56:35We're getting buying pressure, but
- 56:41we'll see what happens up here. We're at
- 56:43the HBO.
- 56:45See if we take these highs. Come up into
- 56:47the call wall.
- 58:02So, we push up until the HVL, but we're
- 58:05not continuing anywhere
- 58:09yet.
- 58:11Yet,
- 58:15honestly, I have a feeling we're going
- 58:17to just like do this Slow nasty chop up.
- 58:32Not a single candle, five minute candle
- 58:35after the opening print has gotten over
- 58:3830,000 contracts traded inside of it on
- 58:40the micros for NQ MNQ.
- 58:51Then the hourly or the 4 hour opened up
- 58:52the 10 a.m. Eastern candle. Nothing
- 58:57really changed. Still doing the same
- 58:59thing.
- 59:06So like usually you know pre-market.
- 59:10Okay. What I was thinking was
- 59:16this area up here. I was going to be
- 59:18watching to see if we're going to accept
- 59:20or reject out of it. Right? If we get
- 59:22above
- 59:24950, then at that point, I'm expecting a
- 59:26continuation higher. But if we were to
- 59:28have come into this area and I see us
- 59:31having buyers get absorbed and then
- 59:33sellers start stepping in, I was
- 59:35actually going to go short. But
- 59:39I am not going to do that anymore. Why?
- 59:42Well, I'm not going to do it anymore
- 59:44because
- 59:46there's a very high chance at this point
- 59:48with the way this is moving that we
- 59:50could actually come up here. We could
- 59:52take this high. We could come up into
- 59:54the call wall. You can see absorption on
- 59:57footprint. You can see sellers start
- 59:59stepping in
- 1:00:02and you can try and short it, but it
- 1:00:04could just be like like in these types
- 1:00:06of like slower grinds up, right? It's
- 1:00:10dangerous sometimes if you're using
- 1:00:12absorption to look for a short because
- 1:00:13you're going to see absorption all
- 1:00:15throughout this move. But we're going to
- 1:00:17still continue to push higher.
- 1:00:24And plus, we need higher volume, too.
- 1:00:25The volume right now is kind of low.
- 1:00:29So, I just I feel like this is one of
- 1:00:31those days, right, where we're going to
- 1:00:33do a little bit of this. You're going to
- 1:00:35see absorption.
- 1:00:38You're going to see absorption happening
- 1:00:40and then
- 1:00:42you'll see these sellers come in and
- 1:00:44then they won't go anywhere. We'll just
- 1:00:46come back up and we'll just do it again.
- 1:00:47Absorption push down. Absorption push
- 1:00:51down. Absorption.
- 1:00:56>> Those days used to destroy my accounts
- 1:01:01and it's looking like it right now.
- 1:01:32Oh, wavy. That sucks, bro.
- 1:01:37Is Is the account gone or you still have
- 1:01:39it or what?
- 1:01:44>> Oh, dude, my neck. What did I do last
- 1:01:48night?
- 1:01:50All right, you still got it. It's chill.
- 1:01:52Oh,
- 1:01:55that's not that bad, dude.
- 1:01:59I would recommend,
- 1:02:02not financial advice.
- 1:02:05I would recommend not trying to make
- 1:02:08your money back right now.
- 1:02:20I don't know if this is a
- 1:02:23>> make my money back type of price action.
- 1:02:25This is kind of like a try and make my
- 1:02:27money back type of price action and then
- 1:02:29end up digging a deeper hole.
- 1:02:35>> Okay, it's not too bad. When you said
- 1:02:38you got cooked, I thought you like lost
- 1:02:40your account.
- 1:02:43You know what? It could always could
- 1:02:45always be worse.
- 1:03:12Do I think this was a valid place to
- 1:03:14long? No.
- 1:03:17Not the way that I trade.
- 1:03:20This is just noise. All of this, the way
- 1:03:22I look at all this right here, this
- 1:03:24entire all this
- 1:03:28noise. This is all noise.
- 1:03:39>> I mean, you know, we could have tried to
- 1:03:41go right here. Sure.
- 1:03:45There would be no scenario
- 1:03:47any day any time with the way that I
- 1:03:49trade that we would have been doing this
- 1:03:51off the open seen this and then I go
- 1:03:53long.
- 1:03:56This is just like a handsoff. This is
- 1:03:58like a don't touch this environment for
- 1:04:02me. It's like a
- 1:04:06no touch.
- 1:04:10But if you did go long right here and
- 1:04:12then you're making money right now,
- 1:04:14that's awesome.
- 1:04:28I mean, the way that
- 1:04:32Yeah. I mean, the way that I think about
- 1:04:33it is like this, right? It's Monday.
- 1:04:37got a lot of people who over the
- 1:04:39weekend, you know, they couldn't get a
- 1:04:42fix for their addiction of trading. So,
- 1:04:45first day back during the week, they're
- 1:04:47excited. They want to trade.
- 1:04:50They just ignore the fact that we're
- 1:04:52doing [Â __Â ] right now. And then they
- 1:04:54just keep trying to take trades.
- 1:04:57But it's like,
- 1:05:03this is not the last day you're ever
- 1:05:04going to trade.
- 1:05:06I hope not. But
- 1:05:11you know, if you have an account,
- 1:05:15you got capital or draw down in your
- 1:05:17account, would you rather use it on
- 1:05:20this?
- 1:05:22Do we want to use it on this or would we
- 1:05:25rather use it on something like, I don't
- 1:05:26know, maybe this, right?
- 1:05:32Or this. You know what I mean?
- 1:05:38But instead you got people who are just
- 1:05:40trying to use it in this.
- 1:05:43Why
- 1:05:47do we look at gold?
- 1:06:00Here.
- 1:06:05Here's the thing though about gold
- 1:06:07though. I trade gold. I just usually
- 1:06:09don't trade it during New York. Although
- 1:06:12sometimes pre-market I'll trade gold.
- 1:06:16I just usually don't trade it during New
- 1:06:17York. I usually trade it during Asia.
- 1:06:22Plus,
- 1:06:23I don't have a pre-market plan for gold.
- 1:06:26So, now I'll be sitting here trying to
- 1:06:27figure it out on the fly, which is
- 1:06:31Maybe not the best idea.
- 1:06:40I think it's uh it is it is making a
- 1:06:43move though.
- 1:06:55We missed it.
- 1:07:03So, like we're at the HVL, right? But
- 1:07:35I have a feeling it's going to do this.
- 1:07:38Why am I missing? Why am I missing data
- 1:07:40right here?
- 1:07:46Oh, that's weird.
- 1:08:09It's the high volume line. Basically,
- 1:08:12HVL is the gamma flip level
- 1:08:17where we go from negative territory
- 1:08:21positive territory.
- 1:08:26Do I use SMTs?
- 1:08:28>> No.
- 1:08:30>> Not that there's anything wrong with
- 1:08:31them.
- 1:08:33>> I just don't use it.
- 1:09:26All All right, let's see what this uh 15
- 1:09:29minute does. This is gonna
- 1:09:31going to give it one last chance. Do
- 1:09:34something.
- 1:09:36If we do nothing,
- 1:09:41then um
- 1:09:45just come back tomorrow.
- 1:10:00Did any of you guys besides Joseph, did
- 1:10:02any of you guys trade this
- 1:10:06>> and make money?
- 1:10:09No, I have not taken a single trade this
- 1:10:11entire time.
- 1:10:22We are exercising
- 1:10:27free will.
- 1:10:41Yeah, I did notice that uh JT that
- 1:10:46ES does look a lot a lot cleaner than
- 1:10:48NQ. I mean, they still both look pretty
- 1:10:51nasty. I'm going to be real. But at
- 1:10:54least this push up compared to NQ's like
- 1:10:57attemptive attempt to push up is
- 1:11:01a little clear.
- 1:11:06>> Waiting to fade the extremes.
- 1:11:09The extremes of what?
- 1:11:18Up here.
- 1:11:26What up, Christian?
- 1:12:08Damn. Yo, we should be trading right
- 1:12:09now, bro.
- 1:12:15Soybeans.
- 1:12:21Wasting my time on trade some soybeans.
- 1:12:27Dude, how much is it per tick with
- 1:12:28soybeans?
- 1:12:34What's live cattle doing right now?
- 1:12:42Nothing.
- 1:12:52Soy beans, dude.
- 1:13:05Looking at gold.
- 1:13:07I don't know.
- 1:13:12I don't I don't I don't uh I'm not
- 1:13:14feeling it. I'm not feeling gold.
- 1:13:18Well, silver is going to be very similar
- 1:13:20to gold,
- 1:13:25dude. I don't know. I haven't traded
- 1:13:26silver in a while.
- 1:13:31It's fun to trade though. It's also
- 1:13:34scary.
- 1:13:35Okay, we're pushing down off the HVL,
- 1:13:38but
- 1:13:40I just I don't know. I'm not really
- 1:13:42feeling it. Like,
- 1:13:58my game plan this morning was to
- 1:14:00basically watch for price to hit HBO or
- 1:14:03come up here to the wall and then look
- 1:14:07to see if we're going to reject or
- 1:14:09accept higher. But I just don't think
- 1:14:12it's a good idea to even
- 1:14:17even touch it.
- 1:14:26What do you mean we're not in the HVO
- 1:14:28range anymore?
- 1:14:35I'm looking at it on my screen. I see
- 1:14:38it.
- 1:14:40Oh, you're talking about this uh box.
- 1:14:43Yeah. Yeah.
- 1:14:47But you know what it's doing right now,
- 1:14:49Eddie? You see how Call, HVL, and P1 are
- 1:14:52all just they're
- 1:14:56they're st they're like creating this
- 1:14:58tight bracket.
- 1:15:02That's a
- 1:15:04I think I think it we we could compre
- 1:15:08compress
- 1:15:10just like oscillate around here. That's
- 1:15:13some BS
- 1:15:16when they bracket up like that.
- 1:15:20I don't think it's good.
- 1:15:38Like
- 1:15:40what I mean by bracket up is like so on
- 1:15:43a typical day, right?
- 1:15:50Let's look at it right here.
- 1:15:52Well, it just moved again because these
- 1:15:54are pretty close to each other. But
- 1:15:57when they're very when when they're
- 1:15:58literally like like if you were to go
- 1:16:00pull up QQQ, okay,
- 1:16:06when they're all one, like it's one
- 1:16:08point, right? Like let's say this is
- 1:16:09where the put wall was 675, then 676 is
- 1:16:14the flip, then 677 is the call wall. It
- 1:16:17creates this like very tight um
- 1:16:22square very tight rectangle I mean where
- 1:16:27it basically is like it's like a bracket
- 1:16:30right yeah
- 1:16:32and it can cause like at least last
- 1:16:34times it it's it does this what I look
- 1:16:37at is that it kind of just like
- 1:16:41compresses here but
- 1:16:44the only thing to note though about that
- 1:16:46is Like
- 1:16:51this is going to flip back and forth.
- 1:16:53675 and 670 are going to flip back and
- 1:16:56forth for the put wall today.
- 1:17:01These these two level the HVL and the
- 1:17:03call wall are more important in my
- 1:17:04opinion because there's more net volume
- 1:17:06here
- 1:17:10compared to here.
- 1:17:15I just
- 1:17:18I just think that
- 1:17:20we're going to
- 1:17:22>> continue this like
- 1:17:29>> BS.
- 1:17:34>> And like even if it goes and doesn't
- 1:17:36move like okay whatever.
- 1:17:47Why is Apex taking your accounts?
- 1:18:23What what stock am I trading? It's
- 1:18:25GameStop. We're trading GameStop futures
- 1:18:28right now.
- 1:18:39No, I'm trading NASDAQ. Well, I'm not
- 1:18:41even trading NASDAQ. I'm just sitting
- 1:18:43here watching it.
- 1:18:52We're trading AIS. Avis,
- 1:18:56I heard they're doing a short squeeze on
- 1:18:57this.
- 1:19:08right here. Problem. That's pretty
- 1:19:10nasty.
- 1:19:1213%.
- 1:19:26Man, we should be trading Bitcoin
- 1:19:28futures, dude.
- 1:19:30Doesn't top allow you to trade micro
- 1:19:33Bitcoin?
- 1:19:37They do.
- 1:19:42Look at us, dude. Look at us just
- 1:19:44scanning the market right now because
- 1:19:45we're watching this [Â __Â ] Look how
- 1:19:48gross this looks. And keep in mind,
- 1:19:50these like big trade bubbles, I have a
- 1:19:53filter on them, too. These are popping
- 1:19:55up with the filter.
- 1:20:03Bro,
- 1:20:07let's go look at NQ. It'll probably look
- 1:20:09cleaner because not I mean I'm used to
- 1:20:12trading MNQ,
- 1:20:14but I will say that NQ has cleaner um
- 1:20:18order flow.
- 1:20:21See, know what I'm talking about. But
- 1:20:23then again, it's also because I still
- 1:20:25have my big trades filtered. So if we
- 1:20:29click auto filter and I apply it, it'll
- 1:20:32probably Okay, it's chill.
- 1:20:39It's less noisy.
- 1:20:41But I've just gotten so used to MNQ, I
- 1:20:45just I use it. But you can very easily
- 1:20:51see like
- 1:20:55the difference here today.
- 1:21:01Let's make it 350.
- 1:21:04Try and filter out some of the [Â __Â ]
- 1:21:10It's just way more noisy.
- 1:21:20All right.
- 1:21:24Yeah, you should probably uh JT I mean
- 1:21:29there's always tomorrow. I mean
- 1:21:33always tomorrow.
- 1:21:36I think I'm going to just not trade
- 1:21:37today.
- 1:21:50No, it's not that I think I'm not going
- 1:21:52to trade today. I'm definitely not going
- 1:21:54to trade today.
- 1:22:05And just so just so I can't just so it's
- 1:22:09official.
- 1:22:21We're not going to do any of that. Uh
- 1:22:23hop off stream,
- 1:22:25lose an account.
- 1:22:31We're not going to do that one today.
- 1:22:36Yeah.
- 1:22:38So,
- 1:22:40sometimes um They have uh what? There's
- 1:22:44a word for it on ATAS. It's a cross uh
- 1:22:50Yeah. cross trading. Exactly. Exactly.
- 1:22:53Christian does it. Yeah. So you can, you
- 1:22:57know,
- 1:22:59look at NQ, but then it executes MNQ.
- 1:23:04Now
- 1:23:06I would say that yes, NQ is
- 1:23:11cleaner order flow
- 1:23:14like the the mini contracts doesn't
- 1:23:17matter ES NQ the mini contracts are
- 1:23:20cleaner
- 1:23:22but
- 1:23:24I personally look at the micro contracts
- 1:23:28and
- 1:23:31I've been doing it for a while now where
- 1:23:36yes it is noisy
- 1:23:40Today is a very good ex it doesn't keep
- 1:23:42in mind it doesn't look like this every
- 1:23:44day you know what I mean otherwise it
- 1:23:46would be like an issue but
- 1:23:49I pay attention to it and um I have like
- 1:23:55a filter in my mind where
- 1:23:58I can filter out the noise. Now, let's
- 1:24:01say that um you are a beginner in order
- 1:24:05flow trading and you just put on a big
- 1:24:07trade indicator. You really don't know
- 1:24:09how you're supposed to be interpreting
- 1:24:10that information and you are on a
- 1:24:13contract like MNQ
- 1:24:15where you are having big trades pop up
- 1:24:18all over the place. If you're reacting
- 1:24:20to all of that noise,
- 1:24:24then you will get smoked.
- 1:24:27Now, you know, when we went to go Look
- 1:24:30at NQ.
- 1:24:32We change the chart to NQ.
- 1:24:35You didn't have all of that noise,
- 1:24:36right? So, if you're the type of person,
- 1:24:38let's just say, who trades order flow,
- 1:24:40they use big trades and they use it to
- 1:24:43make decisions, there would have been
- 1:24:45less noise on this chart today. But, I
- 1:24:48don't know. I just use the M and Q
- 1:24:49chart. I mean, it works for me. I like
- 1:24:51see I'm used to the numbers. I'm used to
- 1:24:53the contract values. I'm very familiar
- 1:24:56with how it all kind of looks. And then
- 1:24:58I also identify the noise
- 1:25:02and I filter it out. And I just
- 1:25:06I'm just used to it. So I just keep
- 1:25:07doing it.
- 1:25:10I've been I mean you got to understand
- 1:25:12I've been staring at MNQ order flow for
- 1:25:14like two years every day.
- 1:25:19>> So I'm used to the numbers.
- 1:25:30end of day or intraday gamma levels more
- 1:25:34important.
- 1:25:37Uh I use
- 1:25:42I I just use whatever the current active
- 1:25:44zero DT
- 1:25:47gamma levels are. Although one thing to
- 1:25:49note about intra like intraday gamma
- 1:25:52levels is the closer that we get towards
- 1:25:54the close
- 1:25:56uh the behavior slightly starts to
- 1:25:58change because of how options work and
- 1:26:01you have decay
- 1:26:04and hedging becomes a little bit more
- 1:26:06sensitive.
- 1:26:10Dude, did I just lock out of my account
- 1:26:12and now we're going to go do something
- 1:26:14right now?
- 1:26:17All right.
- 1:26:20Trade seat.
- 1:26:27No, I think we're still going to be on.
- 1:26:43All right. Well, this may go do
- 1:26:46something.
- 1:26:47It seems it seem it seems to me that
- 1:26:50anytime we we do this BS, the moment
- 1:26:53that uh that I stop streaming,
- 1:26:57the chart will move. So, keep your eyes
- 1:27:00peeled. I am the streaming indicator.
- 1:27:04Happens all the time.
- 1:27:06But for me,
- 1:27:08I think uh you know, I'm like 600 bucks
- 1:27:12away from passing this account. I do
- 1:27:15kind of care about this eval. So, I am
- 1:27:18gonna actually try and not blow it. Some
- 1:27:22other evals I kind of don't care, but I
- 1:27:24do kind of need this one. So, we're
- 1:27:27going to try and not blow it. So, I
- 1:27:30don't think today is a is a good day for
- 1:27:31me to trade it anyways. We could just
- 1:27:33wait for uh tomorrow after Jolts or
- 1:27:37pre-market heading into Jolts or market
- 1:27:39open. Who knows? But
- 1:27:43I am going to get off. So, No trade day
- 1:27:46for me today. Yesterday I took a trade
- 1:27:49during Asia session
- 1:27:51and then
- 1:27:55yeah
- 1:27:58and like last week or last month
- 1:28:03there were a lot of days that were kind
- 1:28:04of like today where I would just trade
- 1:28:07anyways just for the sake of content.
- 1:28:12Not doing that anymore.
- 1:28:15So,
- 1:28:17because obviously it did not work out
- 1:28:18for me last month.
- 1:28:21So, there's probably going to, just a
- 1:28:23heads up,
- 1:28:26there's probably going to be a handful
- 1:28:28of days if you hop on my stream where
- 1:28:31I'm not going to take a trade.
- 1:28:34It's just how it is.
- 1:28:38So,
- 1:28:42I will talk to you guys tomorrow. Hope
- 1:28:44you have a great rest of your day. If
- 1:28:46you're going to trade, be careful if you
- 1:28:48uh end up losing money in this price
- 1:28:50action. Just remember that there is
- 1:28:53always,
- 1:28:55say it with me, there's always tomorrow.
- 1:29:04Yeah. So, don't don't uh
- 1:29:07Don't end up trying to fight the market
- 1:29:09today and then end up losing your
- 1:29:10accounts and then pulling out your
- 1:29:12credit card.
- 1:29:16>> All right.
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