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

by Christopher Creamer | Orderflow Trader · 6,813 words · 1,128 segments · language en · Watch on YouTube

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0:52[clears throat]
0:54All right.
0:58Opex. Opex today.
1:27And then no trading tomorrow.
1:30I don't know if it's a half day or not,
1:32but I'm not going to trade tomorrow.
1:39This will be the la the last day of the
1:41week
1:43for me.
1:46[snorts]
1:49It's a half day tomorrow. Okay. Yeah.
1:51I'm not even going to I'mma sleep in.
2:06Last night, I did end up actually taking
2:08a long position right at the open.
2:13I'll show you guys.
2:20It was for like 100.
2:26>> I took this long position on the funded
2:28account for like
2:30>> it was only three micros, but it was for
2:32like 160 points or something.
2:35Bring We're bringing that account back
2:37from the dead, but it was three micros.
2:40He made like 900 on it. Watching the
2:42World Cup. I'm watching the uh I'm I'm
2:46planning on watching the I've been
2:48watching some of the games. They've been
2:49pretty good. There's the uh
2:52I think it's a South Korea game today,
2:55but I was going to watch the USA versus
2:58Australia. I think it's tomorrow.
3:24Oh no, there is no
3:27I must be looking at something else. But
3:30yeah, USA versus Australia tomorrow. Oh
3:32yeah, no, there is Mexico versus South
3:34Korea today. So that I might watch that
3:37game actually. Mexico versus South
3:39Korea. And then tomorrow I'm watching
3:42I'm going to watch USA
3:45versus Australia.
4:01Um I do usually trade. I mean I usually
4:05sit in for half days. like I'll just
4:08pay attention to it sometimes, Adam. But
4:12um
4:14I just [clears throat] I I honestly just
4:16don't really think it's going to be very
4:19eventful.
4:21I mean, I could totally be wrong. We
4:23could make like the cleanest move in the
4:24world, but
4:27yeah, I think I'm just going to choose
4:29not to um not to trade it tomorrow.
4:36start with a fresh week next week.
4:44Yeah, let me see. Um,
4:54yo, try now Ally.
4:57Did that fix it or no?
5:01Yeah, you guys. I have to make sure you
5:03guys have the uh verified roll.
5:08So, Moody doesn't have the verified
5:10roll.
5:13I got to make sure everybody has it.
5:14What up, CTR?
5:18King doesn't have it. I got to make sure
5:20he has it.
5:25There's um
5:27Here.
5:34I'm going to I'm going to put it in
5:37here.
5:41Yeah. So, the reason why is because we
5:43were changing some things around in the
5:45Discord cuz we get a bunch of bots. So,
5:48if you guys can't type in the chat, it's
5:50probably because you don't have the
5:51verified roll. So, you just got to go to
5:54that start here and you literally just
5:56click a button and then you'll get the
5:57roll and then you should be able to
5:58type.
6:00But I'm I'm looking at your guys' rolls
6:03right now.
6:06So, Deuce doesn't have it. Verified.
6:14AR Viz doesn't have it. Click verify.
6:18CTR is not verified.
6:21Yeah, but you have all these random
6:22roles. So maybe maybe that's why. No,
6:26you are verified.
6:34Whoops. Hey, King. I didn't mean to send
6:36I didn't mean to send that to you in the
6:37DMs. That was by accident.
6:46Yeah. So, I'm g this up.
7:14We will leave that there.
7:17CR0 DTE 30,750
7:21All right. It's pretty much the pretty
7:23similar to what I'm looking at here.
7:26It's like 725. It's like 700 to 750
7:32this morning. Um
7:36I mean, I'm looking to see if we're
7:38going to run out the highs from
7:39yesterday. And then
7:42being that it's OPEX, there might be a
7:44chance that we like like kind of what
7:46I'm thinking this morning is we may make
7:48a quick move and then potentially pin or
7:53compress heading into later into the day
7:55or we can just kind of have um some kind
7:58of volatile
8:00choppier
8:03price action today. So, I got to be
8:04careful about trying to take any type of
8:05breakouts, which was what I said
8:07yesterday, and then I took a breakout
8:09like a dumbass. So, we're going to try
8:11not to do that again. [snorts] But, if
8:14we do kind of push up, I would be
8:15expecting us to be making our way up
8:18here.
8:20Um,
8:24and then if for whatever reason we drop
8:26down, I'm going to be looking for an
8:28opportunity to bring it back up.
8:37But we're running it. We're we're
8:39running this out premarket. So,
9:07can I explain gamma level labels on my
9:10chart? start. Yeah.
9:14C1,
9:15anything with a C in front of it is just
9:17talking about positive gamma nodes.
9:20Anything with a P in front of it, it's
9:22talking about negative gamma nodes. HVL
9:26is talking about the main what Tanuki
9:30Trades considers the main
9:33gamma flip level.
9:36Even though there's typically multiple
9:41sometimes depending on the profile
9:43throughout the day. AB stands for
9:46absolute gex.
9:49How did Giani become a speaker?
9:55[laughter]
9:56How how does that even happen?
10:02What up Johnny?
10:06But um
10:10COI or anything where it says OI it's
10:12talking about open interest
10:17WhatsApp.
10:20What about WhatsApp?
10:28[snorts]
10:34Yo, what up, Kill?
10:49Oh, you can't type, Giani.
10:52You see the you see the message that I
10:54sent in the that I sent like right the
10:58last message that's sent in the um in
11:01the chat here. I'll help I'll add add
11:04it. I think you just need to Oh
11:08yeah. I don't know. I need Eddie's help.
11:09I'm not I'm not the Discord I'm not a
11:11Discord guy. He's been MIA though.
11:16Oh, you got it. Okay, cool. Are you able
11:18to type now? I'm pretty sure when I was
11:21trying to figure it out,
11:23yeah, it's just the verified roll.
11:33So, we kind of pre-market ran out the
11:35highs, which is what I was looking for
11:36us to do. So, we may continue up towards
11:39up here at the open. Um,
11:46am I shorting?
11:48No,
11:50I might try and take
11:52overall I am expecting us next week to
11:55try and make another if not today try
11:57and make another attempt at the highs
12:01now that we dip down into discount
12:03filled the gap and we started ripping
12:05back up. That's probably the reason why
12:06I went long down here at the open
12:09yesterday. I was thinking about holding
12:10it but
12:14I chickenened out.
12:16I chickenened out. I closed it for 160
12:19points and then right after I closed it,
12:21it ran up another 160 points and then
12:23we're continuing today
12:27in the in the pre-market.
12:40So, I am going to be a little careful
12:41today just because I am expecting um
12:44just because it's OPEX, it's triple
12:46witching today. So we have quarterly
12:48contract expirations,
12:50monthly expirations, and weekly
12:52expirations today because of the holiday
12:53tomorrow.
12:57So there may be a bunch of
13:00repositioning and moving things around,
13:04moving inventory around,
13:10but the market's about to open right
13:11now.
13:31It's immediately pushing down.
13:34There's no wick at the top of this
13:36candle.
13:44Now there is
14:04So I'm watching to see if we're going to
14:08push up.
14:10or if we're going to just start
14:12whiplashing
14:43So, we took a L yesterday on our funded
14:46accounts with Apex. We're going to try
14:48and um
14:52not take a stupid trade like we took
14:53yesterday.
15:02It's kind of um a decision area right
15:05now to see whether or not we're going to
15:07after taking those highs pre-market
15:09right at the open if we're going to
15:10actually just continue up towards the
15:13700s or if we're going to uh
15:17start creating a potential
15:19range or chop. I'm not really expecting
15:21us to have a I mean, we can potentially
15:24get down here today, but I'm not
15:25expecting us to go and take lows.
15:28at least today and definitely not I mean
15:31I don't think during the AM session if
15:33it even is going to happen today
15:43I'm leaning more towards potential
15:45balance or a push up and then balance
16:06Hey, did you guys see the all the clips
16:08from uh
16:10Eddie's been MIA? Did you guys see all
16:12the clips from
16:14um the Fed meeting yesterday where he's
16:17like good day?
16:20No. Good afternoon.
16:24I wonder, dude. There's probably
16:25polyarket bets on what what his opening
16:28statement was going to be.
16:31Imagine he bet on it himself.
16:34Easy money.
16:36where he had his friends and family bet
16:37on it.
16:41Good day. That the odds on that were
16:43probably pretty pretty good. The hell?
16:48It's funny.
17:03Did I trade pre-market? No, I traded
17:05yesterday uh or last night. The moment
17:09that CME open happened, I went long and
17:13I held it for like 160 points with three
17:16micros
17:30on the I did that on the top funded
17:32account. So, now I'm sitting here
17:34looking to see if I can trade. I have my
17:37alpha account that I need to trade,
17:42which I think that that account's
17:43actually down like a 100 bucks right now
17:46um
17:48from a trade I took yesterday, but
17:52or like during the overnight, but um
18:01we're going to focus on the Apex
18:03accounts first.
18:15All
18:36right, we might be coming back down into
18:38this range here.
18:40I just don't want to necessarily take it
18:43at the open.
20:06So, like this whole area right here. I'm
20:09going to be slightly careful about
20:12trying to take any type of late
20:16continuation
20:17style entries to the downside or to the
20:19upside at the extremes.
20:22I was considering potentially going
20:24short, but I'm like when we started
20:27pushing down here, but
20:31there wasn't a place. It didn't make a
20:33lot of sense for me to take it,
20:34honestly.
20:48Your top step is frozen.
20:54My top step is moving around.
21:07Are you still in your trade and it's
21:08frozen? Cuz if so, that sucks.
21:51Yeah, I would panic too.
23:06What up, Los in Los?
23:10I'm doing all right.
23:14Just waiting. Being a little careful
23:16today.
23:24Yeah, that's from um
23:28taking a trade last night. I haven't
23:29taken a trade yet this morning.
23:57in RTY shorts.
24:01All right, King. I hope it works out for
24:03you.
24:12What are my daily profit goals? I don't
24:14have I don't have a daily profit goal.
24:18I honestly think that's a bad idea
24:20unless you're like trying to just get
24:21like um
24:23a winning day to pull a payout. It's a
24:25little different.
24:31But I don't ever like
24:34I think about when I when I come into
24:36the day, I think about how much am I
24:37willing to lose, not how much am I
24:39trying to make.
24:42So, like today on these Apex accounts,
24:45if I lose 500 bucks times five, I'm
24:47done.
24:56That's basically as far as that plan
24:58goes.
25:04Oh, no. Crish, do you uh set daily
25:08profit goals? And if so, why do you do
25:10that? Cuz
25:19like what if what if your what if your
25:22daily profit goal is like $1,000, right?
25:24And you're like at $800 bucks.
25:27Are you going to force another trade to
25:28try and make your $200?
25:42Or you like just keep trading until you
25:44hit your daily profit goal?
26:04So, I'm watching right now to see if
26:07we're going to
26:09potentially rotate around
26:1230,500. [snorts]
26:15Um,
26:19I got to make sure we're not about to do
26:20this right now.
26:32These are five minute
26:35these are five minute candles.
27:14Makes sense. Are these big trades like
27:17deep charts? Yes.
27:43Sorry if today is going to be slightly
27:45boring. I'm just waiting for something
27:47that I I'm just being a little careful
27:49this morning.
27:51Especially since these five Apex
27:53accounts are in draw down and I'm copy
27:54trading all of them at the same time. I
27:55got to be a little careful when I'm
27:58building up the buffer on it. Yeah, this
28:01is ATS.
28:04[snorts]
28:08This is ATS or ATS. I still, dude, I've
28:12been using this platform for like
28:15over two years. I still don't know how
28:16to pronounce it.
28:19Atis at
28:23I I have no idea cuz everyone who all
28:25the people who work with them, they all
28:28have accents, so they say it
28:30differently. So, I don't even know.
28:33Oh, that looks gross.
28:37Yeah, today because it's OPEX, I am kind
28:39of expecting these like nasty
28:42these wicks. Um,
28:46and more big trades. Actually, because
28:48of that, I'm probably going to filter
28:49this higher.
28:56I'm going bump it to 300.
29:05Ooh, easy with the banger.
29:20A test. Yeah, [laughter]
29:27that's a funny way of uh
29:32>> [laughter]
29:42>> I mean, that's how I've been saying it.
29:44Yeah.
30:23Also, what I'm thinking about today too
30:25is because of um it being last day
30:30realistically of the week and we have
30:31these wicks like this and we have uh
30:35um
30:37OPEX. If I do get into a trade, I'm
30:39probably taking quicker profits
30:42instead of like trying to hold it for,
30:44you know, 100 points, 150 points.
31:07Opex is options expirationally.
31:26Hardest part of trading is waiting for a
31:28setup for an hour and then missing the
31:29entry.
31:51I look at MNQ because
31:54um
31:58when I so honestly it's it's probably
32:02better it's probably better to look at
32:05NQ.
32:08Well, it's not probably better. It is
32:09better to honestly look at NQ,
32:12but
32:14when I first started using footprint
32:17charts, I've always used MNQ. So, I've
32:20stared at MNQ footprint charts every
32:22single day for over two years.
32:26So, I've gotten used to It's a little
32:28noisier sometimes,
32:30but I've gotten used to what I'm looking
32:32at.
32:37And I don't know, I just like it.
32:45I'm used to it.
32:50There are times I look at the ENQ
32:51footprint though.
33:06And also way back
33:09when I first started using um
33:14ATS, they didn't have the cross, what do
33:17they have? What's it called now? Cross
33:19trading. They didn't have that. And I
33:22was executing on the footprint chart. So
33:25I I kind of had to look at MQ if I
33:28wanted to execute on this chart at
33:29least.
33:32And then they added it in and then I
33:33just never where you can look at NQ and
33:36then execute on MNQ.
34:35D we're having these like
34:39injections of like these spikes of uh
34:47do you recommend ATS or deep chart?
34:51Oh no, I like ATS. I like deep charts
34:54for execution though. Like this is my
34:57deep charts.
35:00The way the the way you can add stops
35:03because I like to add into winning
35:04winning positions. The way you can add
35:07stop orders is really nice.
35:10But in terms of orderflow analysis, I am
35:12mainly looking at my task charts.
35:23I definitely would recommend if you want
35:24to learn um if you want to use orderflow
35:28to
35:31I've never actually seen trade of eight
35:34order flow.
35:37So,
35:40I don't know
35:45stop-loss placement. You just place it
35:47wherever your trade idea, your original
35:49stop-loss should always go wherever your
35:51trade idea is no longer a valid idea.
36:19You went short right here. Easy.
37:16Yeah, what I'm watching for right now is
37:18what I kind of mentioned earlier, if
37:20we're going to start doing this.
37:23So, as we move up, I'm going to look to
37:25see if we're actually going to have a
37:26failure start establishing a opening
37:29range, basically.
37:36I mean, we kind of already did, but
37:45yes, I'm on Discord.
37:47So, if you guys want to join the
37:48Discord, I think there's a link in the
37:50bio.
38:00There's less of a delay
38:16or the description maybe. Maybe it's in
38:18the description.
38:36Yeah, a lot of people are probably
38:38You're right, Raymond.
38:45So, I'm just kind of sitting here. I was
38:47expecting um
38:50I mean this is kind of like my baseline
38:51expectation of what I was looking to
38:53happen. There's two things I was looking
38:54for this morning. Either we were going
38:56to start doing this off the open or we
38:58were going to make a move first and then
39:00do it after. But
39:06I don't know. It's kind of noisy right
39:08now.
39:25Yeah, April and May was um tough for me.
39:30April was all right,
39:33but May was
39:35the toughest month I had in a long time.
39:40It's also my It's also kind of my fault
39:43because I
39:49I was like distra distracted. I was like
39:51trading my live account a lot. At least
39:53with profits, I was trading my live
39:54account a lot. I was trading like these
39:56competition accounts. I was trading a
39:57Robin Scup account. Was just I was just
40:00all over the place.
40:16dude for Raymond for the for the May
40:18competition.
40:20So, what happens whenever you join the
40:21Robins Cup is you get like a broker or
40:24there's brokers that have the guys
40:26assigned to them like um like a guy that
40:28you call and you talk to. And so I was
40:31up uh I think I brought the account up
40:35like to it was the monthly composition
40:37so it was like 30% or something 40%
40:40returns and I couldn't see um I couldn't
40:45see the leaderboard right so I'm
40:48thinking like okay I got to get like at
40:50least 100% returns to
40:53to win the Robins the Robins Cup for the
40:55month of May. And I'm trading the
40:58account. on trading it and then it went
41:00back to break even.
41:02So, I lost the the the gains because I
41:05just had a few bad sessions and then I
41:08um
41:09I just called the I called the broker
41:12and I'm like, "Yo, I'm just I'm not even
41:14going to take this account into draw
41:16down. Just uh
41:19I'm going to leave the money in there
41:20for now." I ended up taking it out. But
41:23he told me that nobody
41:26out of all the the people who entered
41:29the May competition, not a single one
41:32was in profit. And all I had to do at my
41:3540% was just not trade. And I'm like,
41:38well, bro, you guys got to update the
41:40leaderboard because I'm thinking there's
41:43someone over here who's like killing it,
41:46you know?
41:47So I'm like trying to force and I joined
41:50towards the later end of the month. So
41:53I'm like trying to force it to try and
41:55like aggressively gain returns which you
42:00know if it goes wrong then you're just
42:03going to end up kind of blowing your
42:04account.
42:07And he just told me he's like yeah he's
42:08like my bad. He's like I I should have
42:10told you like I was looking at your
42:11returns. you were actually in first and
42:14you could have just like stopped trading
42:16and you would have won. I'm like, well,
42:18great.
42:20I think I'm going to do their quarterly
42:21competition
42:23starts in July.
42:28So, we'll see how that goes.
42:31Yeah, easy. Your shorts are working out.
42:33Nice.
42:38The only thing about the Robins Cup
42:40though is they have like if you're using
42:42micros, the commissions are crazy. And
42:44the and the margins pretty crazy too.
42:47$200 margin per micro,
42:51which is not that crazy, but it's double
42:53of what all the other ones are for MNQ.
42:58And then their commissions are pretty
43:00nuts. They're like, it's like almost
43:02after commissions and fees for a single
43:05micro, I think it's almost like $4 um
43:08round trip per micro,
43:11which is pretty expensive.
43:54So, it's the new hourly candle, new 4
43:56hour.
44:01We're just
44:05kind of chopping around right here.
44:12If it stays like this, it'll just end up
44:14being a no trade session,
44:16which is fine with me.
46:30Doing a whole lot of nothing, huh?
48:10I'm probably going to sit here for like
48:12another
48:1530 minutes.
48:18And if we're going to continue to do
48:20this,
48:22then I'll just come back next week.
48:28I'm not going to uh stream or trade
48:31tomorrow. Just heads up.
48:34It's a half day.
48:37Usually I'll sit in for half days and
48:39just like see what's going on, but
48:48I don't think I'm going to do it
48:49tomorrow.
49:18Yeah, my footprint charts on MQ.
49:35Are there notable changes to price
49:37action on half days? Well, it's just,
49:39you know, the futures market may be
49:41open, but the uh
49:46it's just like sometimes you just have a
49:48lower participation, lower volume.
49:51Sometimes there's really nice moves
49:53actually on half days. That's why
49:55sometimes I sit in for it. But a lot of
49:58the times um
50:03sometimes um
50:08we were just talking about that earlier.
50:1019 SGL.
50:12Yeah, technically you should be using
50:14NQ.
50:16I use MNQ though.
50:25I've stared at I've stared at MNQ
50:27footprint charts for two years every
50:28single day. Over two years,
50:31so I'm just used to it. I'm used to
50:33numbers. I'm used to everything.
50:35Although sometimes I look at NQ.
50:38But yes,
50:40people tell me that all the time
50:43and I and I agree.
50:47There's more noise on an MQ chart for
50:49order flow.
51:40Are you still holding that easy?
51:52You really wanted to short, huh?
51:56Oh, you got you got out for profit.
51:58Cool.
52:11Now that we're pushing up here, I'm
52:13seeing if we're about to fail and then
52:14just continue this rotation around this
52:16area.
52:31longs from 30,400 got out 30,500.
52:37That's an awesome trade.
53:19Nice.
53:51What up, Rico?
53:58Thanks. Yeah, I was
54:02I'm going to start changing the way that
54:03I make the YouTube videos.
54:06I I gotta start adding more chart
54:09examples.
54:11They're too lecture style.
54:14Boring. Everyone wants to look at the
54:15charts and they're right.
54:18So, I got to do that. It's just I'm
54:21being kind of lazy. I'm not going to lie
54:22when I'm when I'm uh not putting chart
54:25examples in because dude sometimes
54:27especially with order flow like
54:31when I when I'm trying to I got to load
54:34up like a bunch of historical data and
54:37it just takes a long time. But I'm going
54:40to um
54:43I'm going stop being lazy. I'mma do
54:45I'mma do make that for you guys.
54:52What am I looking for on the chart right
54:53now? Well, right now I'm expecting us,
54:56my baseline expectation heading into the
54:58morning was that we were potentially
54:59going to rotate or chop a little bit.
55:03Um, we are moving to the upside, but
55:08in the in the event that, you know, I'm
55:10watching right now to see if we're
55:11actually going to break higher or if
55:13we're just going to continue this
55:14rotation. Um, if we do break higher,
55:17then I'm watching for us to come up here
55:19towards like
55:22700 or 750. Um,
55:29so I'd be looking for us to make our way
55:31up there and then once we get there, we
55:35may actually potentially rotate up here
55:38or depending on what we see, we could
55:40potentially um see us turn around. But
55:46today
55:48I was uh I came into this morning a
55:52little bit like I kind of had an
55:55assumption that I may not even take a
55:57trade today. But just in case I sit
56:00here, but so far there hasn't really
56:02been anything that I'd want to trade.
56:09And I made a little bit of profits on my
56:11Topstep account, my my express account
56:13last night from the longs during CME
56:16open. So, it's not total waste of a day.
56:20>> It's never a waste of a day, though. A
56:21waste of a day is like where you
56:25tilt and then you just tell yourself, I
56:29need to follow my rules. And then you
56:31buy more accounts. That's a waste of a
56:32day.
56:34>> It's actually not a waste of a day.
56:36Technically, you till as long as you
56:38actually
56:39analyze what happened and use that
56:43information
56:45>> properly.
56:48>> But most people don't do that. Most
56:49people just go, "Oh,
56:52the PA was so bad. Oh, we were so
56:54choppy, dude. I got manipulated.
56:57Oh,
56:59next time I'm going to follow my rules."
57:00Or then they just say some random BS
57:02like, "I'm never trading OPEX again."
57:04Or, "I'm never trading a Thursday again.
57:07[laughter]
57:09which is all just nonsense. It's
57:10nonsense.
57:20Unless you have like
57:24thousands of trades of data that
57:26specifically tell you that you
57:28absolutely get wrecked every time you
57:31trade a Thursday, okay, then then that
57:34can be justified. But if you just like
57:36have a bad day, then you're like, I'm
57:38never doing that again.
57:42>> It's kind of uh not really logical
57:45in my opinion.
57:55>> Yeah. I mean, if his data is showing him
57:57that he really does like over a long
57:59period of time, right, that he has a 7%
58:02win rate on Fridays. If it's a 7% then I
58:05assume that there's not a lot of data
58:07with that. Um
58:12>> because 7%'s crazy. Well,
58:18>> I mean if it's two Oh, whoa.
58:22Okay, then. Yeah, he should
58:25he should add that to his guard rails of
58:27uh two years at a 7% win rate on Fridays
58:30is
58:36I mean, even if he's only tra taking one
58:38trade a day. [singing]
58:43>> Over a 100 trades.
58:50So, he basically Yeah, that's that's
58:53pretty tough, dude.
58:55So, we're kind of uh what I'm looking at
58:57right now is we're back rotating back in
58:59here. Um for now,
59:04we were making a stronger push to the
59:06upside and then we just started kind of
59:07slamming back down. This area, what I
59:10was mentioning around 500 is where I'm
59:12watching to see if we're just going to
59:15rotate around here.
59:17You could try and fade it, but I don't
59:19really like doing that, especially when
59:22um it's a little early on where the high
59:24and the low aren't necessarily
59:28clearly defined until we go and make it
59:30like a cleaner balance.
59:39>> You're in the shorts again, dude. I hope
59:41you I hope you uh catch a banger. I hope
59:44it just melts for you.
59:52two to three two to three trades a day
59:55over two years at a 7% win rate is
59:58pretty crazy. That means that he's taken
1:00:01200 300 trades and out of those 200 300
1:00:04trades, he's only won like 20 of them.
1:00:10If I saw that in my data, I would
1:00:13probably stop trading Fridays, too.
1:00:18That's [clears throat] actually part of
1:00:18the reason why I typically stop around
1:00:218:00 a.m. Pacific Standard Time or 11:00
1:00:24a.m. Eastern time is because when I
1:00:28collected a bunch of data on my trades,
1:00:30I found that
1:00:32my win rate, my expectancy, and my
1:00:35profit factor jumped off of a cliff.
1:00:40the later that I got into the day,
1:00:43especially also because that's typically
1:00:44as we're heading into uh lunch hour
1:00:49and then sometimes volume begins to um
1:00:55dry up a little bit, participation dries
1:00:58up a little bit.
1:01:04Yeah, Fridays.
1:01:07Yeah, a lot of people are not huge fans
1:01:09of Fridays.
1:01:11I don't mind them.
1:01:14There's not a specific day for me that
1:01:18is an outlier in terms of being better
1:01:22or worse over the other.
1:01:45So, we're approaching
1:01:47the edge of this area.
1:01:53Going to see if we're going to fail. If
1:01:56we're actually going to push it up
1:01:57towards the 700s.
1:02:01I'm not going to take this. I'm not
1:02:03going to do what I did yesterday,
1:02:04though.
1:02:06What I did yesterday is I did this. Try
1:02:09and take it long right here. Hell no.
1:02:11We're not doing that again today.
1:02:13Learned my lesson yesterday. Well, I
1:02:15already knew I shouldn't have done that
1:02:16yesterday, but I did it anyways.
1:02:19Not going to do it twice. I don't even I
1:02:22don't even care. It could It could do
1:02:23whatever. It could go up there, but I'm
1:02:26not going to take that. [snorts]
1:05:46Where are you going to get out of your
1:05:47shorts? Easy. If it takes the highs,
1:05:51if it punches through the top of this
1:06:04Uh, like where would you cut it as a
1:06:07loser?
1:06:22Oh no.
1:06:25Oh no.
1:06:43[snorts]
1:06:51We might punch through this, but
1:06:56it might reject immediately after.
1:07:15So, right now, I want to see that we
1:07:17just if we just punch through the top of
1:07:19this. [clears throat]
1:07:22I want to see if we're actually going to
1:07:23continue up towards 30,700. I'm not
1:07:25going to take that continuation, but I
1:07:27want to see if we're going to get up
1:07:28there
1:07:30or
1:07:31if we're going to slam slam back down
1:07:34into this uh range.
1:09:08I'm considering trying to fade this like
1:09:11uh potentially short it up here, but I
1:09:13won't
1:09:17I got to wait.
1:10:54It didn't I didn't have a entry that I
1:10:58wanted to take, but I was
1:11:02considering it.
1:12:04We missed our chance. What up, thousand?
1:12:18Mitchell, did you take that?
1:12:21[clears throat]
1:12:22We punched through. I was looking to see
1:12:24if we were going to have follow through.
1:12:25We weren't really having followthrough.
1:12:27So, I was considering to try and go
1:12:28short, but to try and play the the
1:12:31range, but um Oh, nice. I'm glad you
1:12:35took it. But I was waiting for uh I was
1:12:39looking on the one minute for
1:12:43an entry model that I have, but I didn't
1:12:46see it. So, I just passed just passed on
1:12:48it.
1:12:53This candle right here on the one minute
1:12:55caused me to hesitate
1:12:57for a second.
1:13:01Nice.
1:13:07Yes. Okay.
1:15:27Dude, that's pretty funny. That's That's
1:15:28like exactly what happened yesterday,
1:15:33except yesterday I went long up there.
1:15:43You're not going to get me two days in a
1:15:45row.
1:15:55>> [snorts]
1:16:18>> So, what I'm thinking right now is I'm
1:16:20going to watch to see if we actually
1:16:25at least attempt to break lows right
1:16:26now. If we
1:16:31continue this um if we start like
1:16:34compressing tighter or we go like this,
1:16:36this this and then we start doing this
1:16:38like a tighter
1:16:40I'm done. I'm going to just come back
1:16:43next week.
1:16:46But I want to give it a chance because a
1:16:47lot of times like right now I might sit
1:16:49here and be like, "All right guys, I'm
1:16:51done." And then I get off and then the
1:16:53moment I end the stream we start moving
1:16:55and then I go and take a trade and then
1:16:57you'll see it later on my social media
1:16:59and I feel like a dick.
1:17:02So
1:17:04we'll sit here for a second
1:17:36How old am I? 25. I'm about to be 26
1:17:38next month.
1:17:57Um, with OPEX, it's only market open
1:18:00that can wick around and then start
1:18:02moving cleanly. Not necessarily.
1:18:0526 shots of tequila,
1:18:0926 beers cuz you So, AR vids, right? If
1:18:12we're talking about OPEX and options
1:18:13expirations, well, when do the options
1:18:15actually expire,
1:18:17the end of the day? So, it's kind of
1:18:19like a
1:18:21and then it even gets worse towards the
1:18:23end of the day. Not necessarily that
1:18:24we're going to chop, but the clo we're
1:18:27getting closer to expiration
1:18:29the closer we get or the further along
1:18:31we get during the day.
1:18:34And [snorts] then you have um
1:18:37rebalancing of inventory and then like
1:18:39rolling over
1:18:41um positions or or inventory onto the
1:18:44next quarterly, next monthly, next
1:18:47weekly.
1:18:49Or you just have positions um
1:18:55just coming to an end.
1:19:06And then when it comes to um
1:19:10when it comes to like gamma or
1:19:13he hedging pressure when we approach
1:19:16expirations
1:19:18sometimes the uh
1:19:22the if the positions that they're
1:19:23hedging against are going to no longer
1:19:26exist then sometimes those hedging um
1:19:30they unwind their hedging positions
1:19:32basically because there's nothing left
1:19:33to hedge or they begin to reposition or
1:19:36switch inventory over to uh the next
1:19:39contracts.
1:19:42So it causes kind of like um what we
1:19:44were seeing earlier
1:19:47where there's a difference between um
1:19:50you know let's say large trades being
1:19:53just kind of like transactional versus
1:19:56being actual um
1:20:01stronger initiative aggression. So
1:20:04sometimes you'll see it get a little
1:20:05noisy
1:20:07and you'll see these like aggressive
1:20:09moves and then it kind of snaps back.
1:20:11They can just be kind of just like
1:20:14transactional behaviors where
1:20:17we just kind of we end up sometimes also
1:20:20on OPEX it's usually third Friday of
1:20:22every month or it is the third Friday of
1:20:24every month.
1:20:26Sometimes you'll see a move during Asia
1:20:28session and then we end up pinning
1:20:29towards a major strike. um
1:20:34during the New York session.
1:20:41So today I was thinking that we were
1:20:42either going to potentially pin around
1:20:45um 30,500 or up here, which is 740 on
1:20:50QQQ,
1:20:52or we might have pushed up and then did
1:20:54did this up here.
1:20:57That's That's kind of what I was
1:20:59imagining for this morning.
1:23:27If we move up and we kind of punch
1:23:29through the highs again, I might
1:23:31[clears throat] try there might be
1:23:32another opportunity to try and fade it
1:23:34back.
1:24:48In the meantime,
1:24:51let's do a pole. Oh,
1:26:14cuz even though technically
1:26:17technically I'm green because of the
1:26:18trade yesterday doesn't count. talking
1:26:20about this session. I am be
1:26:29slightly boring, but you know what?
1:26:30Sometimes um that's just how it is.
1:26:34I'd rather sit here and be bored
1:26:37and just save my money for a better save
1:26:40my draw down for a better day.
1:26:49But I will say if we make another punch
1:26:51up through the highs,
1:26:56I may fade it back if we get up there.
1:26:59But we're getting close to my to the
1:27:01time where I typically stop trading.
1:27:04We're going to do this.
1:27:37Well, looks like the P&L check majority
1:27:39is green, which is good.
1:27:43To who to whoever is red,
1:27:48let's take a deep breath for a second
1:27:50and let's look at what you're trading.
1:27:52Is this a good environment for you to
1:27:54try and make your money back?
1:27:59It's up to how you trade.
1:28:02It's up to you and how you trade.
1:28:04But
1:28:09just think about that.
1:29:16price flirting with your stop loss. Are
1:29:18you still holding the shorts?
1:29:42Uh,
1:29:47well, at least you gave it a shot.
1:29:51Then I would assume you're at break even
1:29:54if you the trade weighs 150 points in
1:29:57your direction.
1:30:02All right. So, I'm going to see if we're
1:30:04going to punch through the highs right
1:30:06now and potentially give me an
1:30:09opportunity to fade it back.
1:30:15I'm going and if we do, I'm going to be
1:30:17watching um
1:30:22I'm going to be watching order flow like
1:30:24I'm going to be watching my footprint
1:30:25chart
1:30:27around the 665
1:30:30to 705 area like a 40 point zone.
1:30:52And if I do that, if I take that trade,
1:30:56I'm not going to hold it. Um, I'd re
1:30:58really just actually be trying to take
1:31:00it back to like here.
1:31:08Um I for my own live account. Hold on.
1:31:15Yeah. Sit up in my chair.
1:31:19I'll answer that question in a second. I
1:31:21use Rednick, but then prop firms use DX
1:31:24feed sometimes.
1:31:29But but DXV feed you don't. You can just
1:31:31go and buy the data and they'll give you
1:31:33a log in. My rhythmic
1:31:41my rhythmic required like having a live
1:31:45account with a broker.
1:32:07So, I'm watching right now to see if
1:32:09we're going to push up a little deeper.
1:32:13Um, I'm looking for failure
1:32:18and for us not to really have follow
1:32:20like some aggressive follow through.
1:32:24And I might just try and fade it back in
1:32:26to towards this area. But I'm not going
1:32:28to hold for the lows. I'm just going to
1:32:30go for a quicker scalp.
1:33:16Yeah, I'm watching it right now. I'm
1:33:18waiting for the 5 minutes to close.
1:33:31I'm going to enter in right now with two
1:33:33micros, but Oh, what the hell happened?
1:33:39Oh, wrong account. Wrong account. All
1:33:41right, I'm going to enter right here at
1:33:43a worse spot with two micros.
1:33:45Stop loss is going to have to be pretty
1:33:46big.
1:33:48Putting it above 700 because I might add
1:33:51into it. Um
1:34:02because we kind of opened up on the 5m
1:34:03minute without us pushing up first which
1:34:06typically I'd like us to push up first
1:34:07and then
1:34:10start dropping lower.
1:34:15So in the event that we get that on this
1:34:17fiveminute candle where we see another
1:34:18aggressive push deeper into like 665 680
1:34:22area
1:34:24then I'll add into it.
1:34:35We just got to be I'm going to start
1:34:38become becoming a [clears throat] little
1:34:40bit more
1:34:42cautious of us
1:34:44continuing this because we're kind of
1:34:46grinding up right now. Okay. So,
1:34:49there is a potential that we drop down
1:34:52right now. Potentially, it's anywhere
1:34:54between 30,600 to 30,570 is kind of what
1:34:58I'm imagining and we could potentially
1:35:00go and do this again.
1:35:04But it wasn't an ideal entry. So I went
1:35:06two micros
1:35:35So, we kind of touched in towards
1:35:3830,600.
1:35:48We do have a pretty large stop loss. I
1:35:50don't even I don't necessarily think I'm
1:35:53going to hold it all the way to the stop
1:35:54loss. just in case we get some random
1:35:58um Trump candle or something. I don't
1:36:00know.
1:36:18But yeah, we're kind of we're kind of
1:36:20trading tiny size right now, but it's
1:36:22whatever.
1:36:26It is kind of a large enough range. And
1:36:28if we break down and I trail stop, I
1:36:30mean, I could potentially, you know,
1:36:32catch 50 points, 100 points.
1:36:37And if that's the case, then, you know,
1:36:39two micers is chill. I mean, we lost 500
1:36:40bucks yesterday. We're using smaller
1:36:42size right now on this uh mean reversion
1:36:45style setup. And then um
1:36:50if it's green like 200* 5 or green 300*
1:36:545 or whatever, I'm fine with that. We
1:36:56still make back some of the losses from
1:36:58yesterday. Or we can just make it worse
1:37:00right now and it can just rip up. But
1:37:02I'm willing to give it a try.
1:37:24So, we're back around 30,600.
1:37:30kind of like between 30,600 and 570
1:37:36is where I think we may there is a
1:37:40possibility we go up and make push
1:37:43deeper up here
1:37:46and then if we start failing up here
1:37:48like deeper into this area um
1:37:57there's a potential I might add into
1:38:00which would be one of the only times I'm
1:38:01adding into technically a loser.
1:38:11We do have the new hourly candle going
1:38:13to open up in 5 minutes. Hello.
1:39:38I'm actually going to tighten the stop a
1:39:40lot. I'm going to put it to the top. Um,
1:39:45whoops. That was probably the wrong
1:39:48account.
1:39:50I'm tightening the stop right here.
1:40:20cuz I was thinking about it. I'd rather
1:40:21just uh if we're going to go punch up
1:40:23again, I'd rather get taken out for
1:40:2825 points and then uh potentially get in
1:40:31full size at a better opportunity.
1:40:38If we start digging deeper towards 570
1:40:41though, I'm going to move it to break
1:40:42even.
1:42:30So, there's an hour for or a minute left
1:42:33for this hour to open up. I actually I
1:42:35think I'm not going to try this again.
1:42:37Uh higher up there.
1:42:40Probably just took my $100 out
1:42:46cuz volume's beginning to taper off a
1:42:48little bit. I'd probably just call it a
1:42:50day.
1:42:57I'm kind of just seeing if I can catch
1:42:58like a winning day for these accounts so
1:43:00that I at least have one because I
1:43:02started them yesterday, right? and then
1:43:03I lost.
1:43:06Then we're in these like choppier
1:43:07conditions.
1:43:11We're slowly grinding up, but I think um
1:43:21All right, let's see what the hourly
1:43:22does.
1:43:24If it opens up and starts pushing down,
1:43:26I am going to move it to break even.
1:43:30All
1:43:43right, we're starting to dig a little
1:43:45deeper into this area.
1:43:48We'll let it go.
1:43:55Although, this is where we could
1:43:57potentially bounce. If we could break
1:43:58through this area, I might be able to
1:44:02take it for take it down for like a 100
1:44:04points probably. But if it'll hit me out
1:44:07of break even, it's all right.
1:44:40Yeah, we might be ripping it. Drop down
1:44:43towards uh this area and then we might
1:44:45go make another high. So, good thing I
1:44:47moved to break even.
1:44:49Um
1:44:51I'm just gonna stop, dude.
1:44:54is let's just like look at this. Let's
1:44:57just trade another day. You know what I
1:44:58mean? I gave it a shot. It might
1:45:01actually come up into this area
1:45:04and then do do it again. Um
1:45:09but I don't really think it's worth it
1:45:10to really be participating in this right
1:45:12now, especially because we're starting
1:45:14to watch volume taper off a little bit.
1:45:15So, we're getting closer towards um
1:45:22lunch hour.
1:45:24went like 25 points and then snap back.
1:45:30So,
1:45:32I will catch you guys on Monday. I'm not
1:45:35going to not going to trade tomorrow. We
1:45:37sat here. We did a bunch a whole lot of
1:45:39nothing. Twiddled our thumbs around.
1:45:43Grinding up. Try to take a mever version
1:45:45back towards I was really aiming for
1:45:48around like 30,500,
1:45:50but we just had this in my way. We might
1:45:54continue, but I'd rather not be in it
1:45:57anymore
1:46:00if we're not going to break it break
1:46:01lower. So,
1:46:05hope you guys have a good weekend and
1:46:06I'll catch you on Monday.
1:46:09Peace.

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