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

by Christopher Creamer | Orderflow Trader · 10,849 words · 1,799 segments · language en · Watch on YouTube

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0:02Order filled.
0:03>> All right. So, we got taken out of that.
0:05We're down 370. We're going to wait for
0:08market open.
0:13See if we can pass this account.
0:41We did fall and then started creating a
0:43range. The lower time frames are
0:44shifting bearish for sure. Um 4 hour is
0:48still technically bullish for now, but
0:52that may change. I mean, we're in the
0:54area where it may begin to actually
0:57change.
1:02[clears throat] One thing about the 4
1:03hour, though, is we could just be even
1:06if we do come up here,
1:08we could realistically be it. It is kind
1:11of shifting bearish honestly
1:14for the 4 hour. So, all the time frames
1:16are beginning to shift bearish and we we
1:18are getting away from um
1:21all-time high, which is nice.
1:24So, there is a chance that even if we do
1:26pop up and we go and take range highs
1:29like
1:31we have range high sitting here. It
1:33could just be us
1:38doing this, right? We still have the new
1:40week opening gap down here, which is
1:42what I'm paying attention to, which we
1:44may actually be starting to, you know,
1:46pummel towards. Maybe not today
1:49necessarily because that'd be a massive
1:50day, but
1:55maybe next week.
2:05So, we may actually take shorts um
2:09depending on what happens at the open. I
2:10wanted to give the longs a chance right
2:12here, although it's kind of premature,
2:15but it's all right.
2:20I hope you guys are having a good
2:21morning.
2:23You guys are waking up
2:25>> or if you're in a different time zone,
2:26you had a good day.
2:42But now that now that um that payout got
2:46approved with alpha 226 p.m. All right.
2:52But yeah, now that that payout got
2:53approved with Alpha, I'm just really
2:56going to focus on
2:58evals for a little bit.
3:06Yeah, a great area, honestly, a great
3:09area to short would be, you know,
3:11definitely not down here. Um, higher up
3:13for sure.
3:22>> Thanks, Mitchell.
3:32Yeah, I need um I need more funded
3:34accounts so that like I can take certain
3:36funded accounts and just be pretty
3:37aggressive with them.
3:42>> [snorts]
3:43>> So,
3:45>> the only way I can do that is I do need
3:47like
3:49a handful of fundeds. Like maybe I mean
3:52the goal is to have at least like five,
3:54but you know, eight eight funids is
3:57usually a good number to just kind of
3:59degen one of them.
4:04Try and build a buffer on them.
4:21It's pretty crazy though. We are
4:26This was a I saw this last night. I
4:29didn't trade any of it. I I didn't trade
4:32Asia last night, but
4:34we dropped at the very end of uh towards
4:37MOC. I took the short up here actually
4:41on
4:43you guys can't see it. So that account
4:47behind in the screen right there that
4:49that was an eval that I got from Alpha
4:51Futures. Um
4:54they gave one for free for all the uh
4:56issues they were having with their
4:59platform at the beginning of the at the
5:01end of last month. So I realize I can
5:04get a I realize I can get a free eval.
5:07So, I just like shorted MOC
5:10and then we [snorts] ended up just like
5:12falling and then opening and then
5:13falling
5:17and it ended up being like 500 points
5:20which is insane. Um,
5:26and since it's uh Friday,
5:29you know, after a very large move like
5:31this, I mean, we did begin to kind of
5:33consolidate or create a pretty clean
5:34balance here. and London did have an
5:37inside session, but
5:42we're in negative gamut territory. We
5:44may see some pretty large volatility
5:46today, but it may be similar to
5:50one or maybe one of those days where we
5:52have the volatility. We have large ATR
5:55and it's kind of just like whiplashing a
5:57little bit. So, I got to be careful.
5:58We're not about to just kind of chop up
6:01today since it's Friday.
6:07Because if it if we do chop, it's going
6:09to be a nasty chop. It's not going to be
6:10like a it's going to whenever we chop in
6:15negative gamma territory, it's like
6:16those like really large candles, the
6:19ones that are sometimes hard to tell
6:20that it's chop until you [ __ ] lost
6:22your account.
6:26That's a banger.
6:29Damn DS killing it. Is that on a funded?
6:40All right. So, here we have market open.
6:42I'm trying to see if we're going to
6:44Looks like we might push back up from
6:46P2. I was trying to see if P2 is going
6:48to hold pre-market.
6:50Um,
6:54so we'll see if it does. If it does,
6:56then I'm watching for us to come back up
6:57here. The only way that
7:01There is a chance that we kind of just
7:03like either pop up a little bit and drop
7:05further down or even just dump right
7:07now, but
7:13it's not looking like we're going to be
7:16coming up.
7:18Probably just continue dropping down.
7:22We are currently in my 4hour discount
7:25though, so
7:27going to be watching to see what
7:28happens.
7:31>> [snorts]
7:35>> Yeah, close the gap.
7:39That'd be an insane daily candle. I
7:41think that would be what? Where did we
7:43open up? Somewhere we opened up up here.
7:50Thousand point daily candle. You know,
7:52it's possible. We've had those.
8:01How's your target? It's a good target.
8:03It's an ambitious target.
8:19So, as we come up, I am watching this
8:21area right around here. 30,115.
8:26If we do continue up,
8:33what kind of footprint is that? What do
8:36you mean?
8:38It's the bit in the ass and a volume
8:39profile inside of it.
8:50Yeah, honestly this was like kind of
8:52what I was looking for on that on that
8:54pre-market
8:55long that I did, but it just I kind of
9:00entered that prematurely.
9:07Interesting volume profile. Oh, what do
9:09you mean this?
9:13It's a normal volume profile inside the
9:16candles.
9:19Yeah, pre-market.
9:21I tried a pre-market play yesterday and
9:23I tried a pre-market play today. I think
9:24I'm going to probably chill. I think
9:27I'll probably chill on those. Probably
9:29just wait for the market to open.
9:44Oh, this is not a volume profile. This
9:46is the DOM expresses levels.
9:53So, this is the depth of market. This is
9:55showing where uh passive orders are
9:56sitting.
10:05Yeah, you know, sometimes pre-market
10:06trades, they work out pretty well and
10:08then you get, you know, the strong push
10:10at the open in your direction. But it
10:13is, you know, I usually don't trade
10:16pre-market, but on these evals, I I've
10:19been trying to take pre-market trades,
10:21which I should probably stop.
10:31Yeah, I mean I trade uh footprint. I
10:34have volume profile.
10:37I just have the dom up on the right
10:40side.
10:45So, I got to be careful um
10:48at today's open about I just I don't
10:51want us to create this like
10:55really nasty
10:58very large um
11:01whiplashing
11:15Yeah, Bazooka. I use that one, too. I
11:18have that one right here
11:22>> where it shows Delta.
11:25[snorts]
11:37And then I have this one.
11:56Yeah,
11:58you can
12:03like on my Delta footprint, my Delta
12:06footprint candles, they mark out um
12:09the PC in terms of volume.
12:17So, I want to see if we can hold above
12:2030,35
12:23or if we're potentially going to pin
12:25here at the open.
12:31It is slightly concerning that we push
12:34down, rip up, push up, rip down.
12:37So, it's making me want to kind of just
12:39wait.
12:52Yeah, I use the I use uh the regular
12:54trading hour volume profile on my other
12:57chart.
13:01So, we got two EV vals that we're going
13:02to work on today that are both halfway
13:04done except for this one that I took a
13:06pre-market long and then it dumped on
13:08me.
13:11I mean, we could still pass it today.
13:13So, we're going to try
14:38Oh, if we continue lower, where do I
14:40think we're going?
14:4329,900.
15:01actually low potentially lower than
15:03that.
15:0529,850.
15:14And that's just basing it off of uh
15:29say some good things, some good words.
15:30What do you mean?
16:18So Yeah, if we continue lower, I'm
16:21potentially going to we might drop all
16:23the way down towards 850
16:2629 850 down here.
16:47I just don't um to be honest, I would
16:49rather look for an opportunity for a
16:52potential mean reversion rather than
16:58chasing shorts at the extremes.
17:01But if there's enough momentum then and
17:04like we can catch a momentum scalp
17:06further down,
17:10I may just have to take it.
17:15But I'm going to wait a little bit.
17:23I mean version. That's a good word.
18:16What up, EA guy?
18:43Yeah.
18:44>> Happy birthday.
19:13Yeah, we're having a lot of aggressive
19:14selling pressure. I'm probably going to
19:17um
19:35see if there's an opportunity to
19:36potentially just follow momentum.
19:40Chase it.
19:57The good thing is though is that the
19:59fact that we have now fallen like
20:02from all-time high we're currently
20:04falling over you know a thousand point
20:07or almost a thousand points lower.
20:09That's great because it might
20:12potentially set up some pretty good
20:18some pretty good weeks coming ahead. As
20:21long as we don't just rip it back up.
20:39So, I'm waiting for this uh five minute
20:41to close, 15 minute to open. If we open
20:44up immediately, push up back towards
20:46this area and we start stalling and
20:48slamming back down, I'm probably going
20:49to fall momentum and try and
21:02Yeah. this morning, Dave. Um, for
21:04whatever reason, when I was connecting
21:06my rhythmic toas,
21:10my um,
21:15my data wasn't loading. I don't know if
21:17it was a rhythmic issue or an ATS issue.
21:30>> All right, this is a pretty strong
21:31close. If the next I'm watching the
21:3315-minute open if we push up and then we
21:36need to like immediately push up
21:45and then if we start slamming back down
21:47I'll probably follow pressure.
21:56>> All right, I'm going to go short right
21:58there. But it's five micros. I might
22:03I'm going to put stop at the top of the
22:05fivem minute candle, the 15minute.
22:09And if we get a push down, I'm going to
22:10have to move it break even pretty
22:13quickly.
22:20We'll see if we could take it. Uh there
22:23we're about to hit 29,900.
22:26I probably should have went heavier size
22:28on this, but
22:33We're going to see if we can get the
22:34drop down to 29,850.
22:54But it may hit break even, but it's all
22:56right.
23:20If we push down aggressively, take
23:22orders at 29,900, I may actually try and
23:25trail stop aggressively because I do
23:28need to cover some of the loss from the
23:31pre-market
23:33if it gives me the opportunity to do it
23:37because there's a $1,000 daily loss
23:38limit on these top step accounts. So,
23:41you know, I do need to give myself a
23:42little bit of breathing room.
23:47And if we're going to have huge ATR and
23:49very large candles, uh it's going to be
23:51a little difficult to not hit daily loss
23:54limit unless unless I'm using like
23:56incredibly small size if I only have
23:58like 600 bucks left, right? So,
24:02all right. So, we just took orders. I'm
24:04going to have to cover some of the L
24:08I'm putting it right behind the uh the
24:11aggression right now.
24:35We're coming into the 886 of the 4 hour.
24:38So, I'm trailing it kind of aggressively
24:40now. Cover the loss, get back to break
24:43even on the day.
24:48All right. So, we'll be back to break
24:49even on the day for this funded or eval
24:53sorry for this eval.
24:59We'll lock in like 38 38 points.
25:09Lot of momentum to the downside today.
25:11It's pretty crazy.
25:14>> Order filled.
25:15>> Cool. All right. Now we got the full
25:17thousand to work with again to try and
25:20pass it today. So I'm going to wait.
25:22We're getting a lot of selling pressure.
25:25Um
25:30at this point, you know, I am seeing if
25:31we are going to continue down towards
25:33850.
25:36This is a pretty important area in terms
25:38of the 4 hour because this is the 886
25:41which would the more that we push lower.
25:43I mean it's becoming more likely that uh
25:48we actually continue and we're setting
25:50up a potential play for us to maybe not
25:53today but for us to bounce back up, put
25:56in a high and then come down to attack
25:58the new week opening gap.
26:01Um but yeah, we caught like 38 points on
26:03that short. It was just a momentum
26:07a momentum type of scalp. I was looking
26:10for buyers to step in which we saw
26:12buyers basically step in aggressively
26:14and then immediately fail.
26:18So when all those imbalances came in of
26:22buying aggression,
26:24we started slamming back down and it was
26:26the open of a 15minute.
26:30Then
26:32I just followed followed that pressure.
26:35We're approaching now where I was saying
26:4129,850.
26:48>> I'm less inclined to try and take a I
26:50don't want to follow this momentum short
26:52anymore. I'm waiting to see if we're
26:54going to have some type of
26:58pullback.
27:01around this area,
27:08dude. Crazy open, huh?
27:12I'm telling, dude, negative gamma days,
27:14negative gamma environments are are fun
27:17to trade in.
27:21And when we've been sitting at all-time
27:22high, um, we've just been in positive
27:25gamma. So, we've been having like a lot
27:27of chop, break call, wall, slow grind up
27:30into a price discovery is kind of boring
27:33and annoying to trade. But when we have
27:36these fast moves, especially in negative
27:39gamma territory, it's pretty uh it's
27:42pretty fun to trade. You can catch
27:44momentum. I mean, realistically, like,
27:47yeah, we have these candles or whatever.
27:50Um I mean, look at this. Wait, my bad.
27:53That's a 4 hour candle.
27:56I mean, we have like candles on the five
27:59minute that are 70 80 points
28:02for it to be a good day and for you to
28:04make enough money where you know makes
28:06sense. You really don't need to catch
28:09the entire move. You could just scalp
28:10like 25 50 points,
28:14trail stop, maybe hit 100 points.
28:17It's a banger day.
28:24So when the volatility is like that and
28:25there's actually follow through on
28:26momentum, it's kind of easy to
28:32>> take your little piece of the pie.
28:42>> The only problem though is we covered we
28:44covered the loss. So now we're at break
28:47even.
28:49We got two evals.
28:54I need to pass one of them. Hopefully I
28:57pass one of them.
29:06>> So we tapped into 850. We're pushing up
29:09a little bit. Sizer stepping again.
29:38Yo, DS, are you still holding your
29:40shorts?
29:46Oh, your TP was sitting at 29,900.
29:56So, we're also tapping into one of my
29:59There's two levels sitting here. Uh
30:0129,850 was approaching um the monthly
30:06expir one of the monthly expirations
30:09for options. And then we're also in
30:15my level here. Doesn't mean I'm going to
30:18long it. Just so you guys know,
30:20>> I just
30:22was thinking we'd push down once we
30:24started accepting lower from here.
30:29It made sense for us to come down
30:30towards this area.
30:41Not long.
30:49El Pipo, what are you targeting?
30:55Our entry was at the top of this candle.
30:57So,
31:00I mean, you went
31:02300.
31:06If um what I would tell you if you're in
31:08your short is if we start getting above
31:10this and buyers start what the [ __ ]
31:18Whoops. If buyers start pushing above
31:20this, you got to be kind of careful.
31:25If they push above the PC of the
31:27previous fivem minutee candle, it's kind
31:29of cooked. We may just be b we may be
31:31bouncing back up.
31:5329 806.
32:02What's the reason?
32:07This is just like a P&L based thing for
32:09an EVO.
32:19Okay.
32:23Okay.
33:04from daily Open
33:072,000 ticks to the downside.
33:43I know this thing's this thing dumped.
33:53Yeah, we did have some really nice moves
33:55this week
33:57actually. pretty good, really good price
33:59action this week.
34:03[snorts]
34:04Got some really volatile days,
34:07which is awesome, which is what we want,
34:09right? Cuz we are intraday traders.
34:42I need to change this real quick.
35:16almost to your full TP. El Pipo,
35:22>> it's looking good.
35:31There you go,
35:38>> dude. They are not letting up. This is
35:40This is a
35:43See, he caught 100 points. That's a
35:44banger.
35:58Dude, if we go and tap into the new week
36:01opening gap today, that's actually going
36:02to be pretty crazy.
36:28Love
36:42a coolest.
36:47We may push up and slam down right now
36:49to go take those lows.
37:10No, that's good. It's a great [music]
37:11trade.
37:17It's the new hourly candle right now.
37:19New 4 hour candle.
37:22We're probably We just pushed up. were
37:25failing a little bit. But uh this is
37:27kind of the sim a similar setup to the
37:29one that I took earlier. But I just
37:31and you would you would have a target
37:33sitting right here, but it would just be
37:34like
37:36I don't want to take this one unless we
37:39push deeper.
37:41If we don't take lows, we push up deeper
37:44and then we begin to see buyers getting
37:47absorbed and they fail on their push
37:49back up and sellers start stepping in.
37:51I'd rather take that.
38:00If it's just going to continue sliding
38:02down, I just got to let it let it go.
38:18[snorts]
38:25Yeah, not another entry. We just been
38:27dumping.
38:31If I wanted to take a short, I would
38:33like it to come back up into this area.
38:42What up, Joseph? How's How's LARing in
38:44Miami?
38:55Just getting started.
38:57Did she stand on a balcony yet?
39:27actually. It's kind of a bigger area.
39:30It's like here.
39:37Yeah, we did take we just took that low
39:39that was sitting here on the 4 hour.
39:44this one.
39:47[snorts]
39:49So, we're seeing buyers stepping in
39:51after taking the low, but it's more
39:53about I I honestly wouldn't consider
39:55trying to take any longs until we really
39:58It really makes sense to do so.
40:00Otherwise, it could just be like an
40:01attempt up before we slam down harder
40:04and start
40:06actually making our way towards the gap.
40:08We're really not that far from it at
40:09this point, which is kind of crazy cuz
40:13just yesterday we were pretty far away
40:15from it.
40:23Yeah, this is the type of day where if
40:26we're going to have just this selling
40:28pressure and then any, you know, there's
40:29people who sit here and anytime they see
40:31like buying pressure come in, they try
40:33and long it like maybe someone tried to
40:36do it right here, right? I assume.
40:40I mean, you'll just kind of get run
40:41over. Um, and then this is also like
40:45late stage imbalance, meaning that this
40:47is obviously like
40:50I mean it's we're we're obviously in an
40:52imbalance and we're dumping. So, it's
40:54like trying to short it down here is
40:55kind of sketchy as well.
41:02And when ATR is large and volatility is
41:05this large, um, it's really easy to get
41:07wicked out.
41:09So, you have to use kind of bigger
41:10stops.
41:15Yeah. Yeah. There in the past there used
41:18to be days where
41:20you know I would probably just try and c
41:25call the bottom of this and then at the
41:27end of the day I would have no accounts.
41:31So we're going to try and not do that.
41:41But like even here, right, we're
41:42watching the buying pressure step in and
41:44they're kind of it's not really
41:48resulting in much yet.
41:51I would prefer us to actually push up a
41:55little bit.
41:58Come into the come into this area.
42:00Sorry.
42:02And then begin to watch buyers stall and
42:05start getting absorbed.
42:10It may happen lower and then we drop
42:12again, but it would just be much better
42:15um risk-to-reward and I would be able to
42:18actually pass this account in a single
42:20trade if we get up here.
42:26Yo, DS, are you still holding that? Are
42:28you still holding that trade from Asia?
42:31That's crazy.
42:42That's insane.
42:45Entry at 30,342.
42:52Jeez,
43:02you're up over 500 points on that trade.
43:08That's insane.
43:13I mean, I would assume so. I've caught a
43:16couple thousand tick uh thousand tick
43:19trades. I've never caught a 2,000 tick
43:21trade before.
43:23So, the fact that you're at like 2,200
43:25ticks or over 560 points right now is
43:28just nuts.
43:32Impressive.
43:33Impressive
43:39actually because of that.
43:50>> I know. You know what's funny is we
43:52actually have a 2,000 tick a 2,00 tick
43:56club roll that nobody has right now.
44:02So,
44:08we'll see if it hits your TP. Where's
44:10your TP? 675.
44:15>> The top of the gap. Okay. special.
44:24The sounds are blended together to
44:26achieve a new dimension of sound
44:28impossible to obtain a mon.
44:37Yeah, but you got to be careful
44:40driving a car while you're floating uh
44:44floating 500 points.
45:00All right. So, we're we're starting to
45:02push up into this area. I'm going to be
45:04watching it.
45:52Okay, hold on. I had to send a text.
45:54>> We got to pay attention.
46:41previous hourly PC sitting around 29,880
46:46area.
46:56I'm currently watching to see if this is
46:58going to be a successful
47:02um attempt on the buyer side or if we're
47:04actually just going to potentially stall
47:07in this area and then begin to rotate
47:10lower.
47:14It is a little bit um more dangerous to
47:18be honest to try and short it down here.
47:22But if we do really start pushing
47:24through um
47:30we may be recovering some of this drop
47:33from the from the open.
47:36So, we'll just have to wait and see.
47:54So, we're kind of seeing it right now,
47:58but I got to I got to wait a second.
48:10Oh, I missed it. I missed it. That
48:13happened kind of too fast.
48:17Too fast for me. I was slow.
49:01Well, kind of came up to where we were
49:03looking for.
49:05It just happened relatively quickly and
49:07I wasn't quick enough.
49:24We also need to be careful about us
49:26entering into uh balance.
49:32Eventually we're going to find we're
49:34going to find value. So,
49:40and what typically comes after a uh
49:43imbalance? Well, maybe a balance. So,
49:46especially on a Friday, too.
49:53So, we have to be careful about
49:55potentially trading what may become
49:57chop. But until we see it, we'll try it.
50:02We'll try
50:03to catch an opportunity.
50:06because both of my eval right now are
50:08basically sitting at $1,500.
50:12The ones that I was working on today at
50:13least
50:48Dude, if we have a V-shaped recovery,
50:50that would be crazy.
50:53For DS's sake, I hope we don't.
50:59That'd be devastating.
51:14I'm watching this area right now to see
51:16if we're going to accept above it,
51:20come back up towards 29,900, take the
51:23orders, and actually stay up here
51:26or if we're going to stall in this area
51:28again.
51:31New 15 minutes about to open.
51:49The main area I'm watching right now is
51:50kind of right around this 880,
51:53this 880 level.
52:15I'll be
52:33could be
53:22Yeah.
53:46So, if we're actually going to hold
53:48above this area with a strong close and
53:51then we have an attempt to push down and
53:53then we still hold above it. We may be
53:56coming up higher, but for now, this is
53:59still suspect for us to potentially
54:01rotate
54:03back towards uh
54:07at least back towards like the middle of
54:09this or where the this area
54:39All right. Large buy order.
54:43Large order hitting the ask right now.
54:49We're going to see if we reject it or if
54:50we accept it.
54:55If we reject it and this candle in the
54:58next minute and 30 seconds actually
54:59closes down here, I'll probably try and
55:02take a short.
55:08But if it if it doesn't do that and we
55:10actually hold above here and we start
55:12accepting past this or we try and push
55:14down and then we might actually be
55:16coming back up.
55:21Well, we're already coming back up. So,
55:28but we'll see if I'm just trying to
55:30determine right now if there's going to
55:31be actual follow through
55:34back up potentially to [music]
55:36potentially V-shape it. V-shape it back
55:40towards the open.
55:49This is a definitely a large enough
55:51range. 200 and almost 300 points
56:01to potentially uh
56:04catch a little something
56:2029934 Four.
56:43>> [snorts]
58:08>> Mhm.
58:12Apexia. That's what I'm looking at right
58:14now.
58:18At least that that area.
58:25I'm seeing if we're holding above the uh
58:30if we're really going to accept above
58:32this
58:33or if we're just going to start dropping
58:35back down. But I think we may stall
58:37here, pop up, but I just don't want to
58:39uh
58:45I kind of don't want to take a long
58:46right here because
58:50I'm more so worried about this area.
58:57to begin to rotate lower from here.
59:24You are
59:34you are
59:39you are
59:44you You are
1:00:00you are
1:00:40honestly
1:00:54what a great day for a Friday to be
1:00:56[music] fully honest.
1:01:01Lots of participation, lots of volume,
1:01:04lots of movement.
1:01:06It's pretty good.
1:01:08I was worried about us having a
1:01:11a potential chop,
1:01:19but not at all.
1:01:30>> All right, getting a pretty strong
1:01:32closer on the five minute.
1:01:39I'm going to see if this pops back up.
1:02:02What I was looking for was for us to
1:02:05come up back in to open up come up back
1:02:07into this low volume note inside of the
1:02:09fiveminute candle that pushed down and
1:02:10then look for failure of buyers. But now
1:02:12that we're pushing down, I'm not I can't
1:02:15take it.
1:02:19>> I'm using a test.
1:02:21At least what you're seeing on my screen
1:02:23right now.
1:02:36You are
1:02:51Select
1:03:09let
1:03:14us
1:03:30Damn,
1:03:32what a day.
1:03:42And the only thing I did so far was get
1:03:44back to break even.
1:03:52Better than blowing my account
1:03:54or hitting I wouldn't blow it. Hitting
1:03:56daily loss limit I guess.
1:04:17How's everybody doing so far? Are we
1:04:18green or are we red
1:04:21or break even?
1:04:26877
1:04:27short. Should you go be E?
1:04:32I don't know, dude.
1:04:43Be green.
1:04:55Green day caught 7R yesterday. Fire.
1:05:01Current short 839.
1:05:04O. All right.
1:05:07Sketchy,
1:05:08but I like it.
1:05:13Chino, it's your worst week. We'll talk
1:05:16about it, bro.
1:05:20Yeah, Z. It's my It's the breakfast of
1:05:23champions. Coffee and Zins.
1:05:44WQ Warark. What do you mean [ __ ] PA?
1:05:47I think this is pretty I don't know
1:05:49about you, dude, but I think this is
1:05:50pretty clean to be completely honest.
1:06:02Yeah, chances are you're probably using
1:06:04a different platform.
1:06:11And if you are using a test and it's uh
1:06:15it's showing different bubbles then
1:06:24you maybe have different settings. Oh,
1:06:26motive wave. Yeah. So like if you the
1:06:30way that they calculate them or they
1:06:31group the orders on different platforms
1:06:34differs. So like deep charts, ATS,
1:06:39motive wave,
1:06:41they'll have um
1:06:45different
1:06:47they'll have different um
1:06:51big trades.
1:06:58Yeah, yesterday and today was pretty
1:07:00clean PA. Yesterday was kind of similar
1:07:02though. Like we had this uh
1:07:05Well, yesterday was I think today's
1:07:08better than yesterday. It's more
1:07:09directional. Yesterday was pretty
1:07:11directional as well. We went up and went
1:07:12down, but the opening was a little
1:07:15nasty. We were chopping up for like
1:07:17maybe 15 or 30 minutes before we
1:07:19actually started to make a run.
1:07:28Yeah, a test indeed. I mean, look, I
1:07:29have um
1:07:37Where the hell is this at? Oh, we're all
1:07:40the way down here.
1:07:44I have Deep Charts because I'm working
1:07:45on this.
1:07:48It's not the full version of Deep Charts
1:07:49though because I'm not going to pay for
1:07:51it. But I have the throttled version
1:07:56that I get that I get through Fidius.
1:07:59Fidious gives me a licensing for the uh
1:08:05for it.
1:09:14I need to remove that.
1:09:21>> Move it over here to this one.
1:09:26All
1:09:39right. Anyways, let me go back to the
1:09:40other thing. I'm not probably going to
1:09:43trade that later.
1:09:46I want to kind of I want to focus on
1:09:47this top step one first.
1:10:20Well, volume's still pretty good. We're
1:10:22going to sit here. We're going to wait.
1:10:25We'll see if uh we have an opportunity.
1:10:29I am going to stop at 8:00 a.m. Pacific
1:10:32Standard Time, though.
1:10:35The [snorts] only thing we were able to
1:10:36catch so far was just a momentum play
1:10:38lower.
1:10:41So, now we're just sitting here.
1:10:49pretty good day so far in terms of price
1:10:52action, volatility.
1:10:54>> I just haven't really uh
1:10:57it's not a not really an opportunity for
1:10:59me yet.
1:11:20But it's good to hear that most of you
1:11:21guys are green though or break even
1:11:40overall delta delta price in candles
1:11:43volume. Yeah.
1:12:09market profile. Are you talking about
1:12:10TPO?
1:12:12Because if you're asking about TPO, I do
1:12:14not use TPO.
1:12:21Not that there's anything wrong with it.
1:12:22I just don't use it.
1:12:48trend lines. What type of trend line are
1:12:50you talking about?
1:12:55Where?
1:12:56When? What?
1:13:08trend line.
1:13:11Oh,
1:13:15I don't really use trend lines.
1:13:21I mean, on the one minute though, how
1:13:23would you where would you draw a trend
1:13:24line
1:13:30here?
1:13:33Is that the trend line?
1:13:38Oh no. Maybe I need to buy Tory Trades's
1:13:40course.
1:13:42Maybe then I'll figure it out.
1:13:44[laughter]
1:13:49I think that I think that's probably
1:13:50what I need.
1:14:12Yeah. What I'm what I'm paying attention
1:14:14to right now is I'm seeing if we're
1:14:16about to create a balance.
1:14:19Even if we poke our head up above this
1:14:22area and we just start like
1:14:25or even drop down like
1:14:30after a move like this.
1:14:33I'm cautious of that.
1:14:48Right. We're building we're definitely
1:14:52building uh volume here. That's what I
1:14:54was saying earlier of like eventually a
1:14:56market's going to find value
1:15:00and it may be in here.
1:15:07Well, we kind of had discovery
1:15:26What up, cosmicnostic?
1:15:29Yeah, see like [clears throat] buyers
1:15:31are failing to push and then we have
1:15:34sellers coming in, but it's just we may
1:15:37just be like
1:15:39creating balance and a lot of traders
1:15:42will like,
1:15:44you know, miss out on miss out on a move
1:15:47like this, right? And then they just go
1:15:49and try and like force stuff in here.
1:15:52um especially like breakouts
1:15:56which
1:16:00is not like the best idea.
1:16:05Not saying that there's not any
1:16:06opportunity. We have great volume. We
1:16:08have large um
1:16:12large ATR on a fivem minute
1:16:26It just on a Friday we may have had the
1:16:28move down move of the morning
1:16:31noise PM session comes in later makes
1:16:34another move.
1:16:59Do I think it's over for shorts?
1:17:02Uh, I mean, it depends. It depends if we
1:17:05I got I would have to see. I mean, is
1:17:07the initial move now done? Yeah. But can
1:17:11we have like a secondary uh push lower?
1:17:13Potentially.
1:17:24>> We're just
1:17:25like I said, we're kind of um
1:17:31>> we're definitely building a
1:17:36We're currently building a balance right
1:17:37now. We're currently building value in
1:17:40here.
1:17:43Yeah, I'm going to hop off in 20
1:17:45minutes, too. I'm just going to see if
1:17:46there's anything.
1:17:50Otherwise, it would basically just be I
1:17:53took a pre-market long, made our money
1:17:56back on momentum shorts,
1:17:59didn't really make progress on the evals
1:18:02today, didn't destroy them, and then
1:18:04we'll just come back on Monday.
1:18:08I'm usually more aggressive though when
1:18:10I'm trading evals, but the only thing is
1:18:12like last month my pass rate like really
1:18:15dropped. Uh I was being a little too
1:18:17aggressive and reckless.
1:18:20So, I got to kind of dial it back in.
1:18:22So, I'm usually I'm just kind of waiting
1:18:24right now.
1:18:29I need my pass rate to go back to what
1:18:30it usually is. My pass rate is usually
1:18:32like 50 to 60%, but last month it
1:18:35dropped to like 30%, and the month
1:18:37before that it was 30%, which is not
1:18:39good. I mean, what it takes me 10 evals
1:18:41to pass three funded accounts. Like,
1:18:43that's
1:18:45that's pretty dog [ __ ] It's got to be
1:18:46at least like 50% realistically.
1:18:54So, the goal and and also, you know, I
1:18:57did take a payout, so I'm not trying to
1:18:59run through. It's the beginning of the
1:19:01month. I'm not trying to run through uh
1:19:05the profits from the payout. I need to
1:19:07build the um
1:19:09build the army a little carefully this
1:19:11month
1:19:14because I tried to do it aggressively
1:19:16the past two months and got wrecked for
1:19:17it because also by the way usually when
1:19:20I trade evals
1:19:22I'm using like three minis
1:19:25or
1:19:26depending on volatility sometimes even
1:19:28five minis
1:19:30but obviously things have changed where
1:19:33ATR and volatility has been a lot larger
1:19:36the past couple months. months. Um,
1:19:40so I can't use three minis or five minis
1:19:42and I was trying to force it,
1:19:44but um, wasn't a good idea. So now I'm
1:19:48using like 10 micros,
1:19:52maybe 20 micros if I add into a winner.
1:19:56Debrron, five. Always five.
1:20:00Yeah. Five minis, 60 ticks. That's all
1:20:03you need.
1:20:06But if it goes in the wrong direction,
1:20:07you're you're [ __ ]
1:20:14Basically, 60 ticks in profit or 80
1:20:16ticks and blow it up
1:20:22can literally happen in the span of a
1:20:24single one minute candle nowadays.
1:20:35So, it's pretty reckless to do that now.
1:20:39Pass or get liquidated.
1:20:41Yeah, it is like that when I'm uh when
1:20:44I'm up more on the month, but right now
1:20:46I'm only up on the month like two grand.
1:20:50So, that's really not a lot. Although,
1:20:52you know, when I'm when I'm up more on
1:20:54the month, like let's say 10 grand in
1:20:56payouts or something, I'm totally just
1:20:57fullporting evals because at that point,
1:20:59the math is on my side.
1:21:03I mean, what are the chances I'm going
1:21:04to blow 100 evals? You know what I mean?
1:21:06With without getting another payout.
1:21:13Do I ever hyper scalp balanced areas?
1:21:15Uh,
1:21:18hypers scalp. Never heard of that. talk
1:21:21about like micro scalping where you're
1:21:23just going for a couple points.
1:21:30Well, to answer your question, usually
1:21:32no.
1:21:35Hypers scalp. Never heard of that, but
1:21:42it sounds cooler. It sounds cooler than
1:21:45micro scalping.
1:22:23Yeah, for the model calculation that I
1:22:25have for gamma, we're not in positive
1:22:27gamma.
1:22:32Maybe a different provider says that we
1:22:33are, but
1:22:40to me we're not
1:22:42we're kind of there is a a larger strike
1:22:45sitting here. Um it's this one right
1:22:48around what is this 29830.
1:22:54There's a lot of volume and open
1:22:56interest sitting here and we're kind of
1:23:00potentially pinning to it right now. If
1:23:03we try and make a push lower right now
1:23:06and it fails, then that confirms that
1:23:10this is just now becoming
1:23:14a balance and we are potentially pinning
1:23:16towards this until
1:23:20we have aggression on either side.
1:23:25Later, AR. Have a great weekend.
1:23:31I use Tanuki trade.
1:23:38Although, if anyone in here uses Mentor
1:23:40Q, I'd be curious to know if it says
1:23:42that we're in a positive gamma
1:23:44environment.
1:24:00Trade like a dealer,
1:24:16>> right? I mean, I'm talking about zero
1:24:18DT.
1:24:20I pay attention to zero DT for intraday.
1:24:24Although,
1:24:26if you guys don't look at this, it is
1:24:28really important to pay attention to the
1:24:31uh
1:24:32to the the monthly expiration, which is
1:24:35the third Friday of every month. If
1:24:37you're going to look at a different
1:24:38expiration, you should be looking at
1:24:40that one. And then on the third week of
1:24:43the month,
1:24:45it is important to kind of keep an eye
1:24:47on it,
1:24:51especially heading into Friday because
1:24:53that's when the expiration, right? So,
1:24:56you begin having uh hedging positions
1:24:58begin to unwind sometimes potentially.
1:25:02But yeah, I pay attention mainly to zero
1:25:05DTE, but the further we get into the
1:25:07month, I do start paying attention to uh
1:25:11to the monthly expiration on the third
1:25:13week.
1:25:16>> So like the one that for this month
1:25:18that's expiring on uh June 18th.
1:25:30I'll show you guys actually
1:25:34this one.
1:25:39This is the monthly expiration
1:25:41currently.
1:25:52Now that actually pulled this up, put
1:25:54wall now dropped. It's probably going to
1:25:56oscillate back and forth between this
1:25:58level and this level, but we are
1:25:59building.
1:26:01So now that we've we're kind of building
1:26:03this open interest and um negative gamma
1:26:06as well as the volume sitting here, it's
1:26:08kind of making me think especially if we
1:26:10try and make this push down right now
1:26:12and we fail.
1:26:15Um
1:26:20yeah, correct. Uh it is important to
1:26:23note that this OPEX is going to be uh
1:26:28triple witching.
1:26:30Pretty sure triple witching, right? Or
1:26:32is it quad witching? No, it should be
1:26:34triple witching, I think. I don't know.
1:26:37If someone knows, you can correct me.
1:26:38But um we have a quarterly expiration
1:26:45We're coming towards the end of quarter
1:26:47two.
1:27:02>> Uh, do I think Gex levels g are giving
1:27:05me more confluence?
1:27:08>> Yeah, it's part of my framework.
1:27:14Now the goal is not to just like use
1:27:16these line not to trade lines on your
1:27:18chart but it's just the realistically to
1:27:22understand environment and potential
1:27:24location references.
1:27:31But yeah, I think um
1:27:35this and we're you're right. We do have
1:27:38a a holiday on June 19th. So it may be
1:27:42pretty nasty, pretty messy on
1:27:47Friday for the third heading into June
1:27:5018th. Chances are what we might see on
1:27:53June 18th or what happens sometimes
1:27:56is we may see like
1:27:59a move a move overnight from hedging
1:28:02positioning unwinding and then heading
1:28:04into New York open. we just chop the
1:28:06[ __ ] out of New York open
1:28:12or we move down to um a larger strike or
1:28:15move up to a larger strike and then we
1:28:17just begin to pin for majority of the AM
1:28:19session.
1:28:21So just be careful.
1:28:29Um,
1:28:31I really started using
1:28:34gamma levels and GEX like seriously in
1:28:37my trading this year.
1:28:40I heard about it in the past, but I
1:28:42never really
1:28:44I never really like used it
1:28:48because I really didn't understand it
1:28:50because it's kind of like a whole uh
1:28:54rabbit hole in itself because as futures
1:28:57traders, we're not options traders.
1:29:00um
1:29:04and we're talking about one of the
1:29:06Greeks and then you have to take into
1:29:08account other Greeks and then you got to
1:29:09learn about Vanna and charm and all this
1:29:12stuff.
1:29:16So it becomes kind of a
1:29:30nice
1:29:34Yo, that drawing looks crazy, but
1:29:38I get the idea.
1:29:44Yeah, Flakito. Yeah, I did. So, I was I
1:29:48was paying attention to them for a
1:29:49little while,
1:29:51but I didn't really start like talking
1:29:54about it,
1:29:57putting it on stream,
1:30:00telling people about it, teaching them
1:30:03about it until I like kind of understood
1:30:07it more. And I'm not and by no means am
1:30:09I an options expert. By no means do I,
1:30:13you know, know everything about dealer
1:30:15behavior.
1:30:16Um, but I have a way that I use Gamut
1:30:20and Gex levels with my trading that help
1:30:24me. I think it helps me
1:30:56All right. So, it's kind of confirmed
1:30:57that we're just uh
1:31:01balancing out now. I was worried about
1:31:04it when we started when first I was
1:31:07thinking we could potentially have a
1:31:08Vshape. It was looking like that was a
1:31:10potential. But the moment we started
1:31:13slamming back below this this area, it
1:31:17was um
1:31:22it was kind of the first red flag. We
1:31:23may we may start beginning our chop.
1:31:26Then when we failed here and we're
1:31:28failing down here, we're stalling. It's
1:31:30kind of just confirmed now. So, this
1:31:33turns into a a big old yenna na for me
1:31:38and we're heading into uh later into the
1:31:41session when I usually stop trading. So,
1:31:43unfortunately, you know, I did try and
1:31:45take longs pre-market right around here.
1:31:48Um, obviously that was wrong. We started
1:31:51pushing lower, took a momentum scalp
1:31:54here,
1:31:56and then now we're balancing out.
1:32:01evals are kind of just stagnant for for
1:32:05the day.
1:32:07We recovered the the loss from the
1:32:09morning. Um but I don't know. I I don't
1:32:12think I think if I try and actually
1:32:14trade
1:32:15later in the day on a Friday. Um these
1:32:19accounts might not be here by the time
1:32:21Monday rolls around. So I'll probably
1:32:23stop. But
1:32:26Menthor Cube and Spot Gamma.
1:32:30Oh,
1:32:32Spot Gamma is pretty cool. Another
1:32:34another good one is also V Signals. That
1:32:37one's pretty cool, too.
1:32:41And the guy that also if you guys want
1:32:43to learn about um
1:32:46V Signals actually has a pretty good
1:32:49YouTube channel. And the guy who runs
1:32:51Vault Signals is actually an exarket
1:32:54maker or um
1:32:57for our firm. So
1:32:59he obviously knows a lot. Just remember
1:33:02that you know all of these different
1:33:05providers for gamma and GEX levels they
1:33:08are they have their own proprietary like
1:33:10calculation models. None of them
1:33:14know exactly what's on dealers books.
1:33:17they're just they're all taking the same
1:33:20options data and just calculating it
1:33:22differently.
1:33:26So that's just something to understand.
1:33:27Um
1:33:30so you may see like different providers
1:33:33having different levels
1:33:38but yeah
1:33:41sharing my NQ footprint setting. I
1:33:43actually look at MNQ
1:33:47So, it's a little different. You You
1:33:51probably should be looking at NQ to be
1:33:53honest,
1:33:55but I've been looking at MNQ uh order
1:33:58flow for over two years every single
1:34:02day, so I'm kind of just used to it, but
1:34:03it is a little noisier.
1:34:15No, I don't use range charts or tick
1:34:17charts. I [clears throat] understand why
1:34:19people use them though.
1:34:23I just look at one minute or I look at
1:34:26five minute. I do have a one minute but
1:34:29I don't necessarily base decisions off
1:34:31of it.
1:34:33I look at five minute,
1:34:3515 minute,
1:34:37>> hourly.
1:34:41Do I think long or short from this
1:34:43range?
1:34:46That's kind of a hard question
1:34:54>> to be honest. I don't know.
1:34:59>> I wouldn't even
1:35:08We may We may come down.
1:35:11>> Take these Take these lows. Excuse me.
1:35:13take these lows and pop up. But I don't
1:35:16know. We're we're starting to see. So,
1:35:18if you guys look at this, right, during
1:35:21the morning, we've had great volume,
1:35:22great volume, slowly tapering off,
1:35:25tapering off, tapering off, and now it's
1:35:26really tapering off. So,
1:35:29this usually happens right around
1:35:32this hourly candle, which is why I
1:35:34typically stop trading around this
1:35:36hourly candle.
1:35:39Um, but yeah.
1:35:48Yeah, I'm probably I'm probably done.
1:35:50I'm just sitting here hanging out with
1:35:51you guys for a second before I got to do
1:35:53something else.
1:35:56>> Yeah, I have other charts on other
1:35:58monitors. So,
1:36:01I have um
1:36:04I have a vertical monitor right here.
1:36:06It's like this. Okay. I have two
1:36:08footprint charts like this. One is a
1:36:1115minute, the other one is a delta
1:36:14profile for a five minute. Then below
1:36:16that I have discord and then on this
1:36:18screen above is trading view and the
1:36:23it's what you're seeing right now on the
1:36:24stream. Below I have another screen down
1:36:27here. Um this is like top step x uh
1:36:34I don't know um execution platforms
1:36:38basically. I execute on the screen down
1:36:40here for the most part. And then on this
1:36:42screen, it's another landscape screen.
1:36:45So that's number four. I have uh
1:36:51I have what's it called? An hourly
1:36:53footprint chart with the regular trading
1:36:55hour, volume profile, delta profile,
1:36:59VWOP sitting above. And then I have OBS
1:37:03and like YouTube chat and [ __ ] down
1:37:05here.
1:37:07So, that's four monitors. And then, I
1:37:11don't know if you guys can see this
1:37:12right here.
1:37:15Right here, I have a uh I have an iPad.
1:37:19I have like a stand. Dude, I'm such a
1:37:22[ __ ] nerd, bro. I have a stand that
1:37:25like holds an iPad and the iPad sits
1:37:29here and it's showing me uh it's showing
1:37:32me Tanuki's platform.
1:37:36Yeah.
1:37:38How do I process all that information?
1:37:41[laughter]
1:37:45I don't know. Kind of overkill, huh?
1:37:49Kind of overkill.
1:37:53Yeah. If you guys want to see what it
1:37:54looks like, I'll let me see if I could I
1:37:58could show the Discord. I can't show
1:38:00YouTube.
1:38:07Yeah, I kind of I kind of went overkill.
1:38:09But you know what's cool though? Okay,
1:38:11like so I I used to trade off of um
1:38:16off of a Mac. Okay, I used I used to
1:38:19have a Mac and
1:38:22trading is not friendly for Macs.
1:38:26It's like a lot of trading platforms,
1:38:28especially orderflow platforms, they are
1:38:30just Mac haters. So, I had to uh
1:38:36yeah, I had to get a laptop. So, then I
1:38:39you know, a new MacBook is like three
1:38:41grand,
1:38:43like a good one.
1:38:45But with three grand, you can literally,
1:38:47dude, all this stuff is basically three
1:38:49grand. So, well, not necessarily because
1:38:51if we talk about the iPad, obviously
1:38:53that's like a thousand bucks. But
1:38:56yeah, I mean, you can either get a
1:38:59MacBook or a whole setup. So, kind of
1:39:02just decided to get a whole setup. And
1:39:03then recently, I purchased um
1:39:07I purchased a new PC,
1:39:10which has really helped out a lot. Is
1:39:13way faster. It's got like a 5070 in it,
1:39:18and it's pretty pretty good.
1:39:22A lot of RAM.
1:39:26So now I got I got my uh my setup here
1:39:29that I just trade on every single day.
1:39:34Sometimes I post it on my story if you
1:39:36like I'll post my my setup on my story
1:39:38if you guys ever see it
1:39:43when I'm looking at charts or whatever.
1:39:47But yeah, and you know, you know what's
1:39:48even more [ __ ] up is like
1:39:51I'm sitting here some days I'm thinking
1:39:53like some days I'm thinking like, damn,
1:39:55dude. Only if I had one more monitor.
1:39:57Oh, when will it ever end?
1:40:01[laughter]
1:40:02When will it ever end, dude?
1:40:05I honestly don't need another one. It's
1:40:07That's totally overkill. I'm just being
1:40:09an idiot.
1:40:12It would I could put it to use, though.
1:40:14I could put it to use.
1:40:20But just so you guys know, when I am
1:40:23trading,
1:40:25I'm really just looking at the screen
1:40:26that you guys are looking at and then
1:40:28I'm looking at this one.
1:40:30And then I just every once in a while
1:40:32glance over at this stuff.
1:40:42But yeah, I mean
1:40:45you guys don't need need a crazy setup.
1:40:47You don't need a bunch of monitors.
1:40:51I mean there's a So I used to
1:40:55I used to have a me a mentor. I know him
1:40:58from around here and he
1:41:02used to run a hedge fund. um older
1:41:07gentleman probably in his 70s
1:41:10and I used to go like talk with him and
1:41:12meet up with for coffee and stuff and um
1:41:17he
1:41:19this guy will literally
1:41:22be on a laptop at a coffee shop one
1:41:26screen
1:41:28just looks for he uses Matt D and RSI
1:41:33and he's just ripping like fuckingund
1:41:35$100,000 trades.
1:41:39So, you don't need all this stuff. I
1:41:41like it, though. It's cool.
1:41:46It's cool to me. I mean, I look, if I'm
1:41:49going to sit here all day, majority of
1:41:51my days,
1:41:53might as well have some cool [ __ ]
1:42:00Also, it's good for multitasking because
1:42:02trading is not the only thing that I do.
1:42:03So sometimes when I actually have to do
1:42:05real work, not saying not saying that
1:42:07trading is not real work, but sometimes
1:42:10well I mean that's debatable actually,
1:42:12but uh
1:42:15when I'm doing other stuff, it's chill
1:42:17having multiple screens. It makes it
1:42:18really easy for me to [music] do certain
1:42:19things.
1:42:22Real work. [laughter]
1:42:30>> I don't know.
1:42:33What do you think?
1:42:35>> Yeah, I'd say trading is real work.
1:42:37Dude, I spent a lot of time on the
1:42:39charts,
1:42:40dude. You guys You guys should have seen
1:42:42my uh Trading View recap for the year.
1:42:45Out of 365 days, I had like 320 days.
1:42:49That's more than the market days. I had
1:42:52320 days on Trading View.
1:42:55It's disgusting, dude. I need to go
1:42:56touch some grass.
1:43:03I don't know. I enjoy it though. I love
1:43:05honestly. I just love this. I find it so
1:43:08fascinating.
1:43:10What is grass?
1:43:18Let's see if we're actually going to
1:43:19drop down, take lows, and swing back up.
1:43:21I think that might actually be something
1:43:23I probably shouldn't be trading, to be
1:43:25honest, anymore, but
1:43:32We're gonna see. Come down. Sweep. Sweep
1:43:36the orders.
1:43:57Oh, I kind of have a lot to do today.
1:44:00What if I get caught in a trade for an
1:44:01hour?
1:44:17It would be pretty crazy if we break
1:44:19down right now
1:44:22to go target the gap.
1:44:25I think it's more likely we actually
1:44:26just sweep lows
1:44:29and probably pop back up into range
1:44:34and maybe
1:44:37attack gap at CME open on Sunday.
1:44:40BL levels. What is that? BL E
1:44:53When you make enough money, you'll pay
1:44:55someone to touch grass for you. Hell
1:44:58yeah. The grass assistant.
1:45:06Oh, book map liquidity. Well, this is
1:45:09this is what that this is level two.
1:45:11This is what that is right here. These
1:45:13are resting orders. resting limit
1:45:15orders.
1:45:20See,
1:45:26so that's that's like what I just
1:45:28mentioned, right? So, if we come down,
1:45:30we sweep orders. If we push hard into
1:45:33these orders, you'll probably see a
1:45:35large bubble pop up.
1:45:37Um, [music]
1:45:40like you'll see a large seller pop up.
1:45:45And if we see that and we immediately
1:45:47reject off of it, it might actually be
1:45:48an opportunity to go long. Unless we
1:45:52sweep orders, put in a larger trade, uh
1:45:55we see a bubble pop up, and we accept
1:45:57past it, then we might actually just be
1:45:59coming down.
1:46:02But it it might be interesting to watch.
1:46:04So, I'm actually going to sit here for a
1:46:06second, see if it does it.
1:46:11volume is still above
1:46:14my threshold.
1:46:21Yeah, but when you talk about Okay, so
1:46:23this is I was actually talking about
1:46:25this with a good friend of mine. Um,
1:46:28when you say that 95% of them aren't
1:46:30executed, that's true. But okay. Well,
1:46:33first before I explain that,
1:46:37if you understand that 95 if if in your
1:46:39head you're thinking 95% of these aren't
1:46:41executed and you are targeting them, why
1:46:45would you target them as levels if that
1:46:47if like why would that go together?
1:46:50Because I mean it's true they get
1:46:52pulled. But the statistic that I
1:46:54actually was talking about this with a
1:46:56buddy of mine um because it is true
1:46:59there is a 95% cancellation rate 90 to
1:47:0295% cancellation rate and it was done
1:47:05from it was uh
1:47:09the London Stock Exchange did this study
1:47:13but one thing we have to remember about
1:47:18levels like this okay
1:47:21is a A lot of this is algorithmic
1:47:25trading. Okay? So like let's say
1:47:30we have 230, let's just say 200 orders
1:47:33sitting at a level there on the tail end
1:47:36of this. There can be contracts loading
1:47:38and canceling, loading and canceling,
1:47:39loading and canceling the entire time
1:47:41this is here. So yes, there's 200 orders
1:47:44here, but you can see these numbers
1:47:46changing, right? So,
1:47:49we care more about the five or 10%
1:47:52obviously that actually stay there. The
1:47:5595% that are getting cancelled, I mean,
1:47:59we don't realistically care for them
1:48:01because more often than not, it's
1:48:03algorithms that are adding on to the
1:48:06tail end of or subtracting off the tail
1:48:08end of big orders. Orders that will sit
1:48:11around psychological levels typically,
1:48:14you know, they typically stay there. Um
1:48:17and it is important to actually use
1:48:22footprint charts because footprint
1:48:25charts show us what was actually
1:48:27executed right so
1:48:31it is true like the the my friend was
1:48:34saying like well what's the point of
1:48:35level two or what's the point of using
1:48:37bookmap or whatever if 95% of all the
1:48:40orders get cancelled. It doesn't mean
1:48:42that necessarily all of this liquidity
1:48:44is just phantom liquidity. And keep in
1:48:47mind too, this is not all the liquidity
1:48:49in the market, right? You have icebergs,
1:48:51you have dark pools, you have all these
1:48:53other things that come into play. But we
1:48:55do we are able to see um
1:48:59at least some resting liquidity, right?
1:49:01And yes, some of them do get taken, but
1:49:03obviously those ones just got filled.
1:49:05How do we know they got filled? Well, we
1:49:06can literally see them get filled on
1:49:08footprint.
1:49:10So those ones are part of that 5% or
1:49:13part of that 10%. But of course, you're
1:49:16going to have algorithms loading and
1:49:17subtracting contracts constantly all
1:49:20throughout the day. And that's what
1:49:22makes up the the 90 to 95% cancellation
1:49:25rate or statistic.
1:49:29I hope that makes sense.
1:49:34Oh, Bazooka, am I still trading? Yeah,
1:49:37actually I'm seeing right now if we're
1:49:38about to sweep orders, reject the the uh
1:49:41big trade and start popping back up. I
1:49:44might actually try and take a long. I
1:49:45know I said I was going to stop, but
1:49:48it's Friday.
1:49:52Let's see if I could pass the eval.
1:50:01Unless we're going to accept past this,
1:50:03then we are pummeling down towards the
1:50:05gap.
1:50:17>> Honestly, the days where I don't know.
1:50:20You say, you think today's where the
1:50:21props made the most amount of money? I
1:50:23actually don't think so. I think the
1:50:25days where they make the most amount of
1:50:26money are on compression style days
1:50:30where everyone's looking for expansion
1:50:32and expansion never comes and they just
1:50:34have their accounts die.
1:50:47I know I'm watching it. I'm wa The nw is
1:50:50right here. Everyone's looking at it.
1:51:03Oh yeah. I mean
1:51:06trying to find the bottom.
1:51:09Trying along the bottom.
1:51:12Oh, I literally just said that and
1:51:14that's like kind of what I'm sitting
1:51:15here waiting for. I probably I mean I'm
1:51:17not going to do it though because we
1:51:18didn't reject out of this area. We're
1:51:20kind of holding. So it's actually
1:51:22potential we continue lower.
1:51:25Yeah, on the one minute
1:51:29the one minute chart, man.
1:51:33Prop firms love that one minute chart.
1:51:40One minute fair value gap. One minute
1:51:42inverse fair value gap.
1:51:55One minute break of structure.
1:52:05One minute actually looks pretty clean
1:52:06today though.
1:52:25Are you going to drop?
1:52:30What about the 15 second dude?
1:52:42You always trade the one minute.
1:52:44I use the one minute.
1:52:48I just, you know, for a newer trader,
1:52:51like if you've been trading and you use
1:52:53the one minute, that's fine. But for a
1:52:55newer trader or a trader that is
1:52:57potentially struggling,
1:53:01it it might be a good idea to get off
1:53:03the one minute. Dude,
1:53:06it's it's way too easy to react to
1:53:10just random noise.
1:53:25We're in max right now. We're in the
1:53:28max.
1:53:31Sweep of the lows.
1:53:33Sweep of the orders. If we could push
1:53:35back above,
1:53:38I don't know.
1:53:42I don't know.
1:53:50Um, how does he use MACD and RSI
1:53:55crossover over extension?
1:53:59Oversold, overbought, crossover, enter
1:54:02trade.
1:54:12I don't really use MACD or RSI, so I
1:54:14don't really know.
1:54:19250 volume bar chart. Damn, dude.
1:54:25Hell yeah.
1:54:32Dude, I'm dude. Bazooka. I swear, dude.
1:54:34This is what that guy trades. I swear.
1:54:44and he's potentially one of the most
1:54:46successful traders I've ever been able
1:54:47to talk to. [laughter]
1:54:57But then again, he is retired, right? So
1:54:59he was doing that mainly back in uh
1:55:04long time ago.
1:55:10I was surprised when he showed me. I was
1:55:12like, "Oh, how do you trade?" Like, I'm
1:55:13all over here thinking he had like
1:55:15[laughter]
1:55:16one time he pulled up his laptop and
1:55:18we're at a coffee shop over here in
1:55:19Newport Beach and I'm like talking to
1:55:21him and I'm like, "What are you looking
1:55:24at? How are you trading?" He you know
1:55:25what he does have though is he has a
1:55:27really good understanding on
1:55:28fundamentals. Um,
1:55:32well, when he when he was running his
1:55:34fund, he definitely was probably using
1:55:35Bloomberg, but
1:55:38dude, I I I [ __ ] you not. I I literally
1:55:40watched him execute a [ __ ] fat ass
1:55:43trade
1:55:45in a coffee shop on a laptop using MACD
1:55:48and RSI.
1:55:52He was he he was risking like 30 bands
1:55:56on ES.
1:56:01Uh John, no, his name's Allan.
1:56:08I met him through another mentor that I
1:56:12have actually, but that mentor that I
1:56:14have has nothing to do with trading.
1:56:17He's a business guy. And he found out I
1:56:20was trading. And he was like, "Oh." He's
1:56:22like, "You should talk to my buddy." And
1:56:24I'm like I'm like, "All right." And th
1:56:26this was a long time ago. This is like
1:56:28when I first started trading.
1:56:31And he was like, "You should talk to my
1:56:32buddy. Uh
1:56:34he's really big. He's a real big guy in
1:56:36the trading world. I'm like, "All
1:56:38right." So, I went to go talk to him,
1:56:42found out that in his career, he's done
1:56:45over a billion dollars in transactions
1:56:49and he used to run a fund. He's an older
1:56:52gentleman. He's retired.
1:56:54He doesn't really trade anymore.
1:56:58And he uses MACD and Rzzi.
1:57:01Well, at least he was when I was talking
1:57:03to him. And then there was a period of
1:57:05time where I was talking to him about um
1:57:10because I have his number. I'll talk to
1:57:11him every once in a while.
1:57:15Uh he was he would tell me about like
1:57:17fundamentals and [music]
1:57:21macro economics and how things kind of
1:57:25affect the market and sentiment and
1:57:27things like that. Super smart guy and
1:57:31I'm very lucky to have been able to meet
1:57:32him.
1:57:54Well, yeah. I mean, there's a lot of
1:57:56dude, there's a lot of guys out there
1:57:58who are just absolute savages when it
1:58:00comes to trading, and you would never
1:58:02know about them.
1:58:17>> Well,
1:58:19yeah, macroeconomics and regime traders.
1:58:21But here's the thing, you know, even
1:58:26the market is so efficient
1:58:29that realistically, like
1:58:32if you go look at the statistics on who
1:58:34actually beats
1:58:36the market um over the course of a 20ear
1:58:42span consistently,
1:58:44even if we're taking into account
1:58:46professionals such as investment firms,
1:58:50hedge funds, it's it's a very small
1:58:52percentage of them that are able to do
1:58:54Obviously, there's like the Medallion
1:58:55Fund and Jim Jim Simons or Simmons or
1:58:58whatever and um
1:59:02there's people that can do it, but those
1:59:04are there are outliers. Majority of
1:59:07people actually never consistently beat
1:59:09the S&P 500. Um
1:59:13but again, you know, the purpose of a
1:59:14hedge fund is actually not necessarily
1:59:16to beat the S&P 500. I mean, I know a
1:59:19lot of newer traders might think like,
1:59:21oh, hedge funds like just no. The purp
1:59:24the main purpose of a hedge fund, just
1:59:26so you guys know, I mean, think about
1:59:27hedge fund like they're about crisis
1:59:30protection. So on the they're they're
1:59:33trying to have a better sharp ratio than
1:59:35the market. So when the market is if you
1:59:38were to just buy and hold on the market
1:59:39and the market's doing this and you have
1:59:42these areas of like potential draw down
1:59:44for years that you had a hold through.
1:59:46Well, what the hedge fund's goal is is
1:59:49basically to keep it a a tighter curve.
1:59:52Um, and sometimes it actually doesn't,
1:59:56you know, it doesn't beat the S&P 500,
1:59:58but it it has a better sharp ratio, um,
2:00:04and smaller draw down. And that's the
2:00:06whole purpose of a Wait, hold on. Is
2:00:09this it? Is this it?
2:00:24Nope.
2:00:28>> Yeah. Yeah, there are a lot of fake
2:00:30traders out there. Um,
2:00:38I mean there are legit people, you know,
2:00:41but not everyone wants to make content
2:00:44and
2:00:46talk to other people and,
2:00:49you know, trading is a very
2:00:51individualized thing.
2:00:54It's just you yourself and the charts
2:00:56realistically.
2:00:59But of course in this age of the
2:01:00internet, we're over here, we got
2:01:02communities, we have other traders to
2:01:04talk to, and it's great. But at the same
2:01:06time, majority of traders are losing. So
2:01:08majority of traders are just in
2:01:10communities talking to other losing
2:01:11traders. And then they're giving each
2:01:13other advice on trading when none of
2:01:16them are winning. So then it's the blind
2:01:18leading the blind.
2:01:21So you do need to be careful about who
2:01:23you take uh
2:01:26advice from.
2:01:29you know, there may be some guy out here
2:01:30who who uh you know, pulls his first
2:01:34payout,
2:01:36thinks he's the [ __ ] and starts trying
2:01:38to tell people how the market works. And
2:01:43I mean, this is a super complex thing.
2:01:44This is a super complex topic. We're
2:01:47talking about one of the most liquid
2:01:50assets
2:01:51in the entire world, right? where
2:01:55you have participants in this market who
2:01:58are smarter than you, have more
2:02:00information than you, have every
2:02:03advantage possible over you,
2:02:06and we're over here just like [ __ ]
2:02:08trading sim funds. It's pretty funny,
2:02:10dude. We're over here trading sim funds.
2:02:12It's not even real money. Most of our
2:02:14orders when we, you know, because we're
2:02:15trading prop firms mostly, they're never
2:02:18hitting the book, you know? We're just
2:02:20kind of in this like contained phantom
2:02:23realm sim environment.
2:02:26But it's awesome because we have an
2:02:28opportunity to make money
2:02:30because when I first started trading um
2:02:34Yeah, we're in tutorial tutorial mode.
2:02:36Yeah, we're in onboarding right now.
2:02:39When I when I first started trading, I
2:02:41was trading forex and I didn't know
2:02:43anything about prop firms and I was just
2:02:45losing my own money. It [ __ ] sucked.
2:02:48And now you got prop firms. And to make
2:02:51money with prop firms, you really don't
2:02:52even need to be that great of a trader.
2:02:54You just need to have some self-control
2:02:56and understand risk management. It's
2:02:58really not that difficult.
2:03:00Um
2:03:02because of the payoff structure that
2:03:03that prop firms actually provide. It's
2:03:05insane. It's a crazy opportunity.
2:03:13Like think about the account that I
2:03:15pulled. Okay. So, like give you an
2:03:16example for talking math, right? The
2:03:19account that I bought
2:03:22was hundred $100. Okay. I pulled a 22
2:03:27Well, it was a $2,500 payout, but after
2:03:29split it was like $2250.
2:03:31So, you turn 100 bucks into $2,200
2:03:35[music] in the course of like two weeks.
2:03:39I mean,
2:03:42the opportunity there is amazing. Like
2:03:45God bless the prop firms.
2:03:47It's awesome.
2:03:49And think about the people who you know
2:03:51run it up like on my other account for
2:03:54example. The one I had earlier this year
2:03:56bought a Topstep account. I ran it up to
2:03:59like $40,000 in profits. I ended up
2:04:02pulling like I don't know
2:04:06a little over 30 grand from that account
2:04:08as a $100 account. Obviously
2:04:11you buy accounts and then that return on
2:04:14investment adjust based off of money in
2:04:16money out but
2:04:19you know the opportunity is obviously
2:04:20there
2:04:23because without prop firms the trading
2:04:25space would not be as
2:04:28one beginner friendly and two as big as
2:04:30it is
2:04:32because most people would just blow
2:04:33their own funds and then just give up
2:04:34and be like [ __ ] this [ __ ] what the [ __ ]
2:04:36dude like I'm losing all my
2:04:40Think about how many evals you blew.
2:04:42Imagine if you were actually putting
2:04:43your own $2,000 into it every single
2:04:45time. People would be poor.
2:04:57Yeah. Trading less stressful. Um
2:05:03I mean it's still stressful but yeah
2:05:05it's less stressful for sure.
2:05:09Losing $2,000 on an account you paid a h
2:05:11100 bucks for is a much different uh
2:05:14mental scenario than losing $2,000 of
2:05:17hard-earned cash that you had in your
2:05:19bank account.
2:05:27>> All right. So, I was looking for us
2:05:29potentially to come down, sweep lows,
2:05:31and pop up. We didn't do it. We're
2:05:33making our way towards the gap. I'm
2:05:34done. I'm done. and we're just going to
2:05:37end break even basically for the two
2:05:41eval.
2:05:45The version of me two months ago would
2:05:46have said [ __ ] it and try and take a
2:05:47trade anyways, but I think I'm going to
2:05:49work on trying to have a better pass
2:05:51rate this month. I can't go three months
2:05:53with a 30% pass rate. That's disgusting.
2:05:56So, I got to take the the evals a little
2:05:59more seriously for now.
2:06:01Um,
2:06:04so we're probably just gonna wait until
2:06:06Monday
2:06:09and then once I do get more funded
2:06:11accounts, um, and I'm able to build a
2:06:14buffer on some of the balances, I will
2:06:16get back to just full porting emails.
2:06:19But for now,
2:06:21it's not the time. It's not the time.
2:06:25So, I hope you guys have a great rest of
2:06:27your weekend. I'll be back on Monday.
2:06:30You're not the same person you were five
2:06:31seconds ago, right?
2:06:33Uh and if you're going to continue to
2:06:35trade, just be careful. It's Friday and
2:06:40you know, there's nothing worse than
2:06:42heading into the weekend with a blown
2:06:43account.
2:06:46All right, peace. I'll talk to you guys
2:06:47later.

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