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🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 2,090 words · 371 segments · language en · Watch on YouTube

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0:28Yo, what up?
0:30>> [clears throat]
0:30>> I'm starting the morning down today, but
0:36we'll see if we can
0:38make it back.
0:41Although
0:42this open is probably going to be kind
0:44of nasty.
0:58Yeah.
1:01Thanks, I appreciate it.
1:14So, I tried to trade yesterday during
1:17the CME open.
1:20And I got I got clapped.
1:24So,
1:26we're start we're starting down like 500
1:28on the day.
1:31I'm going to If I lose a trade though,
1:34like if I take another trade and I lose,
1:37I'm just going to have to stop.
1:41Cuz then at that point I'll be down like
1:45$800 on the day.
1:49So, I kind of screwed myself by trying
1:51to trade yesterday, but
1:55it is what it is.
2:06Ooh, that's brutal.
2:14Yeah, yesterday was crazy. I mean
2:18we uh
2:22we dropped I mean, if you include the
2:24gap, we went down like 600 points, yeah.
2:27650 points.
2:31And then we pumped all the way back up.
2:35For like almost 500 points. Now, we're
2:37probably about to push push up at the
2:39open.
2:46I thought we were I was watching this
2:48before I got on stream. I thought we
2:50were going to at least like sweep past
2:52this and then come up, but I don't know.
2:54This is like uh we're balanced out right
2:56now, so
2:59kind of a sketchy area
3:02to trade for me, especially at the open.
3:05But, if we do push up, then I would be
3:07expecting us to push into like 50% of
3:09the weekly opening gap.
3:15If I lose a trade though, I got to just
3:16call it and then I'm going to go trade
3:18some e-vals.
3:20And go full port some e-vals.
3:47>> Order filled.
3:48>> I'm going to go long right here. And
3:50then the moment that we take uh the
3:53highs, I'm just going to move it to
3:54break even.
3:58Look, kind of uh
4:01kind of sketchy.
4:06But I at least expect us to take the
4:08highs. Okay.
4:12I'm just going to go break even right
4:13now. We're going to let it ride. We're
4:15going to see if we can get up to
4:17like 550.
4:24550 would be
4:26um
4:27halfway to the gap, so
4:29or half half of the gap.
4:33So, if we can
4:34push [clears throat] up there, it'll put
4:35me back up on the day.
4:42Oh, it's kind of hard to see.
4:46Yeah, but if it slam if it slams back
4:48down, hits me at break even, then
4:52it's all right. We'll just wait for
4:54another setup at that point.
5:05Oh, yeah. I I treat
5:07evals way different than I treat funded
5:10accounts. Evals, I just full port them.
5:15But that's because like I I can pull
5:17payouts, and then I use profits to
5:19full port evals.
5:21But um
5:23if you don't really pull payouts, I
5:25would just treat them the same.
5:34We need to start seeing like a push.
5:36Otherwise, we're just we went up here to
5:38take the highs, and we're just going to
5:39slam back down to this range.
5:47I I to see like a strong push past here.
5:51Start targeting 550.
5:57Cuz I think this trade so far went like,
6:00I don't know.
6:03Let me see. 25 or 50 points in profit.
6:08I just need it to continue. Yeah, like
6:1050 points in profit.
6:14Could have covered RL, but I do want to
6:16try and hold it to uh
6:2150% of the N log.
6:25No, I passed it in 2 days. They allow a
6:27buffer, so
6:29you can just like
6:32make like 1550
6:35the first day, 1550 the second day.
6:47Yeah, we're about to come back.
6:57>> Order filled.
6:58>> All right, so we're going to wait now.
7:00We pushed past the highs and then we
7:02really didn't
7:04have any strong follow through.
7:12So now I'm wondering
7:16I know everyone's watching this uh
7:19opening gap right now.
7:23But
7:31I'm going to just have to wait.
7:49>> I got to
7:50I I probably shouldn't have traded Asia
7:53yesterday though cuz
7:56it's always like it sucks starting in
7:58the red for New York.
9:02I mean I have DOM levels right here.
9:04These white levels are DOM levels.
9:09But no, I use candlesticks.
10:15>> Hold on, give me a second.
10:31Ooh, this is kind of chilly.
10:36All right, so we took the highs and
10:37we're coming back down to the middle of
10:38this range, so
10:43going to wait and watch
10:51if we're actually going to continue down
10:53and start targeting
10:54here if we're going to just whip lash
10:56around.
10:59So, I got to just wait and see.
11:05For fundeds?
11:07No.
11:09If you go for one massive day, if that's
11:11like your mindset, you're going to try
11:13and trade
11:14and like say like, "Oh, I'm going to
11:15just catch one massive day."
11:18You're probably going to blow your
11:19account.
11:25Just trade a funded account normally.
11:28Just take normal trades.
11:32Now, if by chance, like if it just
11:34happens that you have a massive day,
11:36then yeah, you can just
11:39get $150 days, but
11:47Like that's what I did uh last month cuz
11:50my balance on my XFA was like $26,000 or
11:53something.
11:55So, I needed to get the money out of it.
11:56So, I was just doing like $150 days.
12:00But, don't go into a funded account
12:02thinking you're going to
12:04Don't like try and hit a massive day.
12:11Especially if you've never gotten a
12:12payout before.
12:14Just try and trade normally.
12:24This 15-minute right now looks nasty.
12:26Look at that.
13:33>> So, if we're going to come down, I do
13:34want to see us take out these lows, but
13:36I just don't really want to take it in
13:38here because
13:41I mean
13:42we're sitting in a pretty large range
13:44and I'm already in drawdown from last
13:45night, so
13:48I'm worried
13:49essentially that we're just going to
13:54[ __ ] around, but
13:58we'll we'll see. It's better to probably
14:01just wait.
14:04Cuz even if you did try and take a trade
14:06right here to target the lows, you would
14:07have like a pretty shitty risk reward.
14:20Good morning.
14:41But yeah, so
14:43kind of where my mind sits at this
14:45morning since I did take a L last night
14:48and we made a massive move overnight.
14:51I'm kind of like suspicious about New
14:53York. There is a chance that we do come
14:56down and we retrace into some of this
14:58overnight push up.
15:02Um but I would have preferred to see
15:04that actually before we took this high.
15:10Cuz the way that I trade
15:13it sometimes it's difficult for me or
15:15it's like not really preferred if the
15:17sessions for the overnight were like
15:19massive.
15:24So, I'm kind of just like
15:28going to be a little pat a little
15:30passive today because
15:32I'm already down like 500 bucks, so.
16:08So, we'll see if we can find an
16:09opportunity to get out of that hole, but
16:14I'm more concerned about making it
16:15worse, to be honest.
16:24But, if we do slam down right now,
16:27take these orders, take the lows, then I
16:29want to see what price is going to do
16:31after that.
17:19>> I'll be there.
17:42>> But this week, this week the main goal
17:46is to start building my
17:48funded army back up.
17:52My army of funded accounts.
18:01I'm not even really worried about this
18:02month anymore. I'm I kind of [ __ ] it
18:04up
18:06in the beginning.
18:07So, we're going to just try and uh
18:09focus on building up for a good April.
18:12It's kind of where my mind's at right
18:14now.
19:35>> But now that we're approaching these
19:36lows, what I don't really want to see is
19:38I don't really want to see us
19:41do this.
19:43Because
19:48what what I want to see is I want to see
19:50us not chop around and consolidate for
19:54the open.
19:59So, we had orders sitting here.
20:01We had the low sitting here right on on
20:04MNQ. We didn't take it on NQ, but
20:10cleaner price action would have pushed
20:12through
20:14at least into like this area or to
20:17target here.
20:20But if we're just going to wick this and
20:21then slam back into this range,
20:27this is a
20:29a no-touch zone for me.
20:43I hope this week is different than last
20:45week though, cuz last week we kept
20:46having these massive moves during the
20:49overnight and then
20:51New York
20:53was delivering kind of weird.
21:11>> Which is kind of like what's happening
21:13right now, but
22:32If we stay in here though, like
22:35Basically [clears throat]
22:39I'm I'm going to wait for the hourly.
22:42But
22:43The hourly to open like the 4-hour and
22:45the hourly Here at 10:00 a.m. Eastern.
22:49If this just kind of stays doing this
22:54I'm just going to lock out.
22:57Take the L that I created for myself
22:59Last night.
23:01And then just wait for tomorrow.
23:15I need to see like some directional
23:17movement.
26:18>> We're just bullshitting.
26:19Hopefully the
26:23the hourly candle is going to cause us
26:25to do something.
26:53>> You are
26:56You are
27:02You are
27:07With someone you are
27:13With someone you are
27:43With someone you are
27:49With someone you are
29:04>> I'm just waiting for the outlet to open.
31:26>> Dude, are any of you guys trading this
31:28right now?
31:31I mean, maybe if you're on like a
31:33smaller time frame.
31:34No, even the 1-minute looks like dog
31:36[ __ ]
33:15>> So we have the hourly that's going to
33:16open. If it doesn't do anything,
33:20I'm just not going to trade today.
33:23I'm already in drawdown from last night,
33:24so
33:26You know what You know what's the worst
33:28idea is?
33:30For me to be in drawdown from last
33:32night. We make two massive moves.
33:35And then what are you going to do? Try
33:36and trade this?
33:38Uh,
33:39I don't think so.
33:40I don't think so.
33:42I'll just take I'll just take my L.
33:46Not going to trick me.
34:04And then I'm just going to hope that
34:08I'm going to hope that
34:09tomorrow, or realistically tonight,
34:13we don't have
34:15a massive
34:17I swear, dude, it's like
34:2070% of the time,
34:23probably. I mean, that's not I didn't
34:25run any statistics on it, but it feels
34:27like 70% of the time, when we have a
34:30large ass move overnight and they're
34:33directional, too.
34:35New York opens up and just bullshits.
34:45So, whenever I see that, I'm always
34:46like, ah.
34:48I'm always like cautious about
34:52New York session. And then, that's also
34:53why I tried to trade Asia last night
34:56because I had a feeling that was going
34:57to happen today, but
35:00I just [ __ ] up.
35:02Just so you know what I lost on, by the
35:04way, last night.
35:05I thought after this drop
35:08that we were going to sweep and then
35:10come back up. So, I went long like
35:13somewhere right here. I can't really
35:15remember. I think it was somewhere right
35:16here after we took the lows.
35:18Yeah.
35:20Yeah, I probably went long somewhere
35:22right here.
35:23And then, I got stopped out.
35:27So, that was an L. We dropped like
35:29another
35:31200 points.
36:29All right.
36:31This
36:35I'm actually not going to trade this.
36:38As CEO of Thrax Trades, I'm making the
36:40executive decision that we are going to
36:42stay out of the market for New York
36:44session.
36:46We tried to
36:48take a long and a target 50% of the uh
36:52of the gap.
36:53We went like 50 points in profit.
36:56We're about 20 points away from our TP
36:58and it turned around.
37:01And then after we we basically swept the
37:04lows of this uh
37:07of this range and now we're popping back
37:08up. Now
37:12yes, there could be moves.
37:15You know, there's probably opportunity,
37:17sure, but like for me
37:22if I lose more money trading some
37:24[ __ ] like this,
37:26I'm actually going to be pretty
37:27disappointed in myself. So,
37:32sorry it's a sorry that it's a shorter
37:34stream today, but you know what? I can't
37:36I can't trade this. So,
37:38we're just going to lock out.
37:42Locked out of that. We'll take our L
37:43from last night. We tried to go long, it
37:45didn't work out. We dropped another 200
37:47points.
37:48And we'll just come back tomorrow
37:51because
37:52you could try and trade this and if you
37:54do, just be careful, but I just don't
37:56want to trade it.
37:58I think there's probably a good chance
38:00if I trade this I'm going to lose. So,
38:03I'll catch you guys
38:04next time.
38:06It'll be a quick one today. If you're
38:08going to trade, good luck, be careful,
38:10and peace.

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