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๐Ÿ”ด Live NQ Futures Trading | Order Flow & Prop Firms โ€” Transcript

by Christopher Creamer | Orderflow Trader ยท 2,994 words ยท 561 segments ยท language en ยท Watch on YouTube

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  1. 0:04I don't know. Something just happened
  2. 0:05right now. We're starting to pump.
  3. 0:07Um
  4. 0:13We're starting to move at least
  5. 0:15pre-market.
  6. 1:07There is a chance that this morning is
  7. 1:09kind of volatile with all of this
  8. 1:15Iran talk.
  9. 1:20Cuz technically the um
  10. 1:22ceasefire was supposed to expire today
  11. 1:26and then it got extended and then
  12. 1:31And then I guess Trump just told the
  13. 1:32post that second rounds of talks are
  14. 1:35possible as soon as Friday.
  15. 1:38So, there's kind of a lot going on.
  16. 1:42We're near all-time highs.
  17. 1:45Pre-market we rejected
  18. 1:48accepting higher.
  19. 1:50This area basically is what I'm
  20. 1:52watching. If we can have acceptance
  21. 1:54above it, then at that point I'm kind of
  22. 1:56just expecting like a slower grind up.
  23. 1:59Um
  24. 2:01but we'll have to see what happens at
  25. 2:02market open.
  26. 2:04If we drop down, I'm
  27. 2:06looking around 750 for
  28. 2:10footprint to determine whether or not
  29. 2:12we're going to get any type of um
  30. 2:15support in that area. Otherwise, we may
  31. 2:17just continue dropping lower.
  32. 2:19On the higher time frame though, like
  33. 2:23there is a chance that
  34. 2:26we could begin to
  35. 2:29kind of form
  36. 2:31some type of rotational behavior right
  37. 2:33here. So,
  38. 2:35I'm keeping that in mind, but
  39. 2:37we'll see how today plays out.
  40. 2:42What up, Joseph? What up, Wavy?
  41. 2:54Um
  42. 2:56he said something.
  43. 2:59I don't know.
  44. 3:06What what this was caused by this candle
  45. 3:10when it started like picking up speed is
  46. 3:12he said that
  47. 3:14talks with Iran are possible as soon as
  48. 3:17Friday.
  49. 3:22You know what, dude? It's hard to keep
  50. 3:23up, you know what I mean?
  51. 3:25It's hard to keep up.
  52. 3:28It's like I feel like I got to be just
  53. 3:29like staring at True Social.
  54. 3:40So, if we are going to pump up
  55. 3:42based off of that, then
  56. 3:44we're watching this area to see if we're
  57. 3:45going to actually
  58. 3:47accept higher or not. This is basically
  59. 3:50all-time high, so
  60. 4:00If we get above here, then I'm going to
  61. 4:02be just kind of
  62. 4:06looking to see if we just start grinding
  63. 4:08up higher
  64. 4:10towards like 27,000.
  65. 5:24If we do rotate lower off the open
  66. 5:26though, I'm kind of looking to see if
  67. 5:27we're going to come down here.
  68. 5:30My eyes are set on
  69. 5:33right around the 750 area.
  70. 5:42So, we'll just wait for New York open.
  71. 6:31What up, Ali?
  72. 8:20Oh, this just changed.
  73. 8:28All right. Well, then there's a
  74. 8:30potential we just start ripping
  75. 8:33or
  76. 8:35not really, but like a slower grind up.
  77. 8:53And it just changed back.
  78. 8:56Still, we're watching this area.
  79. 9:05If we like get acceptance above here,
  80. 9:08I'm just going to be kind of expecting
  81. 9:10like a slower
  82. 9:12style grind up.
  83. 9:16Or we
  84. 9:19make a fake move to the upside and start
  85. 9:21coming down towards 750. It's kind of
  86. 9:23what I'm thinking.
  87. 9:52All right. Let's see what it does.
  88. 10:12>> Damn, my data is getting
  89. 10:14stuck.
  90. 10:16I think that's the only issue recently
  91. 10:18as I like switched over to ATAS X is
  92. 10:20it's having like
  93. 10:22these weird data pauses.
  94. 11:10Oh, it's been doing that too on the
  95. 11:11regular version.
  96. 11:13It's weird.
  97. 11:16I just thought it was the the ATAS X
  98. 11:19version cuz
  99. 11:22literally the moment or this week when I
  100. 11:24switched over to it time I started it
  101. 11:26happen.
  102. 11:29It might just be my
  103. 11:32I don't know if it's if if it's my data
  104. 11:34or
  105. 11:36like if it's the Rithmic data or if it's
  106. 11:38the platform.
  107. 11:42I would assume it's the platform.
  108. 11:47But sometimes Rithmic data has problems.
  109. 12:31So, I'm kind of just waiting right now
  110. 12:34for to see what this 5-minute candle is
  111. 12:36going to do for actually going to push
  112. 12:37down.
  113. 12:42Or if we're going to start
  114. 12:44potentially chopping.
  115. 13:53I want to wait for this to close first.
  116. 13:56But I might try and take shorts down
  117. 13:57towards 750 or at least
  118. 14:01780.
  119. 14:06But I need to wait for this candle to
  120. 14:07close.
  121. 14:10And I need to see if it's actually going
  122. 14:11to continue the pressure lower if we're
  123. 14:13just going to like kind of snap back
  124. 14:14right now.
  125. 14:43So, if we close down here, the only way
  126. 14:45I'm going to be looking for a short is
  127. 14:47if we open and we basically immediately
  128. 14:50retrace back up and I'll try and get it
  129. 14:51on the wick, but if we just open up and
  130. 14:54drop, I'm just going to have to let it
  131. 14:55run. I'm going to be watching
  132. 14:57for us to
  133. 14:59come down towards 750.
  134. 15:59Order filled.
  135. 16:01I'm going to go short.
  136. 16:05My stop is going to have to be kind of
  137. 16:06big though.
  138. 16:58Although, if we do
  139. 17:00um
  140. 17:02I mean, if this comes up and just takes
  141. 17:04out my stop, that's one thing. But if we
  142. 17:08if this candle flips bearish and it's
  143. 17:10begins to start pushing down,
  144. 17:13um I am going to have to
  145. 17:15move it to break even pretty quickly.
  146. 17:18If we take like once we get to like 800
  147. 17:20if we do get down there.
  148. 17:22Otherwise, this may just like pop back
  149. 17:24up and then
  150. 17:26I get stopped out and then we just wait
  151. 17:28to see if it's going to
  152. 17:31like chop or if we're actually going to
  153. 17:33go somewhere.
  154. 17:58I got kind of a ass entry
  155. 18:00though. I was supposed to wait.
  156. 18:02Honestly, I was supposed to be waiting
  157. 18:04for this low volume node right here
  158. 18:06to try and go short.
  159. 18:09But I thought it was going to
  160. 18:11I got kind of
  161. 18:13FOMO
  162. 18:14to be completely honest.
  163. 18:15And then I got like the worst entry
  164. 18:17possible.
  165. 18:21But
  166. 18:23>> [clears throat]
  167. 18:23>> I'm looking to make sure I'm looking to
  168. 18:25see this hold basically, this area.
  169. 18:27That's why my stop's up here.
  170. 18:30If this doesn't hold and we kind of just
  171. 18:32like come all the way back up, then
  172. 18:36I'm probably cooked anyways.
  173. 18:59Um it's not necessarily it's not that's
  174. 19:02not necessarily the reason why.
  175. 19:03Otherwise, if that was the case, then
  176. 19:05you'd have to be putting it up here,
  177. 19:07right?
  178. 19:08Stop would have to be like up here.
  179. 19:11It's a it's about this low volume node
  180. 19:13that's sitting in here.
  181. 19:16So, my stop is based off of basically.
  182. 19:19Cuz if we're going to continue, then you
  183. 19:22know, I would
  184. 19:23wouldn't really want to see this candle
  185. 19:26necessarily come all the way back up and
  186. 19:27make like a
  187. 19:31like a
  188. 19:32twin tower type of deal, you know what I
  189. 19:34mean?
  190. 19:42Yeah.
  191. 19:43Because this is technically like a
  192. 19:46like a continuation style entry.
  193. 19:55>> Cuz we were waiting for confirmation to
  194. 19:56see, you know,
  195. 19:58if sellers were actually pushing price
  196. 20:00lower.
  197. 20:01And we haven't necessarily taken out any
  198. 20:03of these lows yet.
  199. 20:05So, I'm trying to see if we're actually
  200. 20:06going to
  201. 20:08do that. Otherwise,
  202. 20:10I mean, we took out this like little
  203. 20:12pre-market low, but it's not really what
  204. 20:14I was watching for.
  205. 20:23But, it's all right. If we get stopped
  206. 20:24out, I'll wait and I'll probably take
  207. 20:26one more trade,
  208. 20:29depending on whatever the outcome is.
  209. 20:34But, this second, honestly, for for New
  210. 20:37York open, this second 5-minute candle
  211. 20:39is like
  212. 20:40kind of
  213. 20:41low volume, to be honest.
  214. 21:03What up, J Mac?
  215. 21:19Mhm. We're kind of having like
  216. 21:23really low volume right now. Oh, here we
  217. 21:25go.
  218. 21:26This thing's about to rip.
  219. 21:33Just turn around.
  220. 22:05Yeah.
  221. 22:07It's pretty low volume and
  222. 22:09um
  223. 22:09I'm hoping that changes, but
  224. 22:12it's okay.
  225. 22:24But, because it's
  226. 22:25kind of doing this,
  227. 22:27again, like if it begins to push down,
  228. 22:31we get towards these orders sitting
  229. 22:33around 800,
  230. 22:35uh I'm going to just have to move my
  231. 22:36stop to break even.
  232. 22:41If it even gets down there, otherwise,
  233. 22:43you know, who knows. Recently, I've been
  234. 22:44having terrible uh
  235. 22:47luck with these random candles that
  236. 22:49spike up, so you
  237. 22:50you never know.
  238. 22:53Hopefully, one of these days I could be
  239. 22:54on the right side of it, but ever since
  240. 22:57the
  241. 22:59Iran war stuff started,
  242. 23:01I'm like 0 for 4 right now. I'll be in
  243. 23:03the middle of a trade, then out of
  244. 23:05nowhere, it'll just be like
  245. 23:07the opposite direction.
  246. 23:12Yeah, it's not looking too good.
  247. 23:16It is not looking too good at all.
  248. 23:26All right.
  249. 23:59Wow. Pretty surprised it didn't stop me
  250. 24:01out yet.
  251. 24:11I cooked the short. What do you mean?
  252. 24:13By getting in?
  253. 24:15I know. I get Yeah, you're probably
  254. 24:17right.
  255. 24:20I've been doing that recently, where
  256. 24:26I've been like waiting for the open to
  257. 24:28start moving in a direction,
  258. 24:30and then the moment I get in, it's just
  259. 24:32like, uh
  260. 24:34never mind.
  261. 24:36It just stops.
  262. 24:39No, I know the entry's terrible.
  263. 24:42I thought it would continue
  264. 24:48to at least like uh come down towards
  265. 24:50here.
  266. 25:06Yeah, the volume is
  267. 25:08Like, I don't know if you guys can see
  268. 25:09this. I don't think you can.
  269. 25:1324K, 22K on MNQ.
  270. 25:19It's like half of what the normal volume
  271. 25:20usually is.
  272. 25:39Well, yesterday I actually did it.
  273. 25:41Yesterday, I waited until we dropped
  274. 25:43lower, and then I
  275. 25:45took longs.
  276. 25:46And it went like 100 points in profit.
  277. 25:48But, I know what you're talking about.
  278. 25:49The other day, I did the same thing.
  279. 26:29Order filled.
  280. 26:51Yeah, now we go lower. Maybe.
  281. 27:17Me? I'm 25.
  282. 27:45Yeah.
  283. 27:48It's the It's the Asian genetics. Bro.
  284. 28:02Dude, I've been getting my ass handed to
  285. 28:04me all month,
  286. 28:06making dumb decisions.
  287. 28:12We're still net positive with the firms,
  288. 28:13but it's definitely like
  289. 28:17one of the worst
  290. 28:19or toughest months that I've had in like
  291. 28:23a long time.
  292. 28:50If we don't pick up any volume or any
  293. 28:52speed by the new hourly open, I'm
  294. 28:54probably just going to stop trading for
  295. 28:56the day.
  296. 29:31Uh it's because I changed the inside of
  297. 29:34the candle to be um to just be a little
  298. 29:37different.
  299. 29:40So, in that in that can't in that video
  300. 29:42you watched, I had it where it was a bid
  301. 29:44ask ladder.
  302. 29:46So, it's going to show the POC on one
  303. 29:47side or the other.
  304. 29:50Um but I changed it to
  305. 29:54the bid by ask or like bid times ask.
  306. 29:57And then it just shows it across a
  307. 30:00single line.
  308. 30:01Because I'd rather see volume profile
  309. 30:04inside of each of these candles
  310. 30:06than
  311. 30:08a bid ask ladder because it'll look like
  312. 30:10this. Look.
  313. 30:18Where is it?
  314. 30:21See how now it's on like the POC side or
  315. 30:24it POC's on one side.
  316. 30:27I used to do that, but I don't do that
  317. 30:28anymore. I do it like this.
  318. 30:36Yeah, that volatility range indicator I
  319. 30:38made.
  320. 30:39Proud of that thing.
  321. 30:41Thing cooks, dude.
  322. 30:45That thing cooks. Look, where's it at?
  323. 30:55Cooks, dude.
  324. 31:01I actually ran it's based off of
  325. 31:05statistical
  326. 31:08deviations away from Asia high and low
  327. 31:10based on
  328. 31:11I ran like 9 years of data to create it.
  329. 31:15And then it does a self-rolling
  330. 31:16calculation. It's pretty good, dude,
  331. 31:18honestly.
  332. 31:19I give that I just like give it away for
  333. 31:21free.
  334. 31:23People like to charge for indicators.
  335. 31:26That indicator's fire.
  336. 31:38Well,
  337. 31:39honestly, this one [clears throat] was
  338. 31:41just
  339. 31:44the goal was was to wait for the
  340. 31:46retracement and to get in in this area.
  341. 31:49Instead, I got in down here, which is
  342. 31:51like
  343. 31:5230 points lower.
  344. 31:55If we actually would have gotten in
  345. 31:56where we wanted to, we could have put a
  346. 31:58normal stop loss.
  347. 32:02So, that's my fault. I FOMO'd into that.
  348. 32:03That was self-inflicted damage right
  349. 32:05there, but even then like this is pretty
  350. 32:07nasty. This is like
  351. 32:10turning into a
  352. 32:12I don't think I'm going to touch this
  353. 32:14type of scenario.
  354. 32:15Especially since I'm already in
  355. 32:16drawdown.
  356. 32:24And cuz volume is like for whatever
  357. 32:26reason
  358. 32:28really low this morning.
  359. 32:48Hm.
  360. 32:55Where is this at?
  361. 33:00Right.
  362. 34:52You skipped the pre-market ritual, and
  363. 34:54then this is this price action is your
  364. 34:55fault.
  365. 35:00Oh, my bad. I wasn't looking at the
  366. 35:01YouTube chat.
  367. 35:04What up? What up?
  368. 35:07Uh we're in a positive environment, so
  369. 35:09based on expectation is kind of a
  370. 35:10compression or rotation. If we get above
  371. 35:14um
  372. 35:15this area up here, I don't know how long
  373. 35:17ago you asked that question, but if we
  374. 35:19get above
  375. 35:21kind of like 26 920,
  376. 35:24I'm expecting us to just kind of slowly
  377. 35:26grind up.
  378. 35:28Otherwise,
  379. 35:31we may just kind of like
  380. 35:35around right here.
  381. 36:31Yeah, I use zero DT flows.
  382. 36:34I mean, I understand where I have
  383. 36:36another chart up. You guys can't see it,
  384. 36:38but
  385. 36:39I have uh
  386. 36:41the weekly and then the um
  387. 36:44the monthly.
  388. 36:47But I'm mainly looking at zero DT. They
  389. 36:50do change like
  390. 36:53constantly, but I have it updating on a
  391. 36:56live
  392. 36:57feed, so I just pay attention to it.
  393. 37:13Although, I do notice sometimes when I
  394. 37:15am like my morning outlooks that
  395. 37:20I'm like in the middle of writing
  396. 37:21something out and then they start moving
  397. 37:22levels around, but
  398. 37:26yeah, I care most about zero DT.
  399. 37:46All right, let's see if the new hourly
  400. 37:47does anything. Otherwise, I'm probably
  401. 37:49just going to call it a Oh, You
  402. 37:51guys can't see it. My Otherwise,
  403. 37:53I'm just going to call it a day and just
  404. 37:54take my $400 L
  405. 37:57and just
  406. 37:59do some damage control.
  407. 38:04Especially if we're going to be moving
  408. 38:05like this
  409. 38:07today
  410. 38:08for the morning session.
  411. 39:05Uh yeah, well, dude, you know what,
  412. 39:08Xavier?
  413. 39:09Is their heat map is in beta right now,
  414. 39:12and the only way to get their the new
  415. 39:15heat map is you have to purchase one of
  416. 39:17their plans right now
  417. 39:19between April 20th, because it just
  418. 39:22released 2 days ago on the 20th, to
  419. 39:25April 30th. And then it goes live for
  420. 39:28everyone else May 19th.
  421. 39:31The thing is though is like with when it
  422. 39:34comes to A test, I'm actually
  423. 39:35grandfathered in at a cheaper price
  424. 39:38because
  425. 39:39before they had separate plans,
  426. 39:42A test used to just have one plan. And
  427. 39:45when I first started using ATAS like
  428. 39:48a year or two ago,
  429. 39:50um
  430. 39:51they only had one plan and it was
  431. 39:53cheaper. So, if I go and
  432. 39:56and pay right now for a new plan just to
  433. 39:59get the heat map beta,
  434. 40:00it's like an additional $20 a month
  435. 40:04added to my plan.
  436. 40:05And then I'll never be able to get my
  437. 40:07grandfathered price again. So, I just
  438. 40:08got to wait. But what I did do
  439. 40:11is
  440. 40:12they made a bunch of content. They were
  441. 40:14posting about it.
  442. 40:16And I was just checking it out.
  443. 40:18Looks great, honestly. Like way better
  444. 40:20than this one.
  445. 40:22Cuz this is the current heat map they
  446. 40:24have.
  447. 40:25Like their liquidity heat map. But it's
  448. 40:27not as clean, in my opinion.
  449. 40:31The one that they recently made is like
  450. 40:34Yeah, for sure. It's way more efficient
  451. 40:36to have everything in and more
  452. 40:37cost-effective. But
  453. 40:40um
  454. 40:41the one that they just released is like
  455. 40:45very similar to Bookmap.
  456. 40:48So, that's why I made that post because
  457. 40:50it's like, well, then
  458. 40:53if these order flow platforms are going
  459. 40:55to like
  460. 40:57continuously improve and like not just
  461. 41:00ATAS, but other order flow platforms
  462. 41:02like
  463. 41:05Bookmap is all about heat map, right?
  464. 41:07But now you got these platforms that are
  465. 41:08about like everything else, too. And if
  466. 41:10they add a heat map, then it's just like
  467. 41:13what's the point of Bookmap?
  468. 41:17Especially because
  469. 41:19if you want the full Bookmap,
  470. 41:21it's like $99 a month or something.
  471. 41:25Otherwise, you get like the the global
  472. 41:27plan, which is what I used to have.
  473. 41:31And then they like kind of throttle
  474. 41:32certain features.
  475. 41:49Uh I have the ultra plan and it's like
  476. 41:5160-something euros a month for me.
  477. 41:55So, like right now I think their ultra
  478. 41:58plan is like almost 90 euros a month.
  479. 42:01I think mine's like 70 euros a month.
  480. 42:04Cuz I have the original
  481. 42:07pricing.
  482. 42:10So, I'd like to try and hold on to that
  483. 42:12as long as possible to be completely
  484. 42:13honest.
  485. 43:13Oh,
  486. 43:24Yeah, when I first started using it,
  487. 43:26there really wasn't a lot of content on
  488. 43:28it. But you know what?
  489. 43:29ATAS actually has like a really good
  490. 43:32YouTube channel.
  491. 43:35They're They make YouTube videos about
  492. 43:37their platform.
  493. 43:41And
  494. 43:43it's really helpful. But now you got
  495. 43:45other people using their platform and
  496. 43:47make content whatnot. So, it's a little
  497. 43:49bit easier nowadays.
  498. 44:16Honestly, to be honest, guys, like
  499. 44:20I'm going to see what we do up here, but
  500. 44:22I'm kind of leaning towards like just
  501. 44:24not even
  502. 44:25continuing to trade today.
  503. 44:27Probably just wait.
  504. 44:36Because if we come up here and we like
  505. 44:38reject and fall back into this range and
  506. 44:40then stay if we stay with low volume,
  507. 44:43then it's just like, well,
  508. 44:46I'm in drawdown. I took a L.
  509. 44:50It's not really conditions to try and
  510. 44:51like
  511. 44:53make my money back, you know what I
  512. 44:54mean? So, I'd probably just rather
  513. 44:57wait.
  514. 44:58But we'll give it a little bit
  515. 45:00and we'll see.
  516. 45:14My god, dude.
  517. 45:53>> [laughter]
  518. 45:53>> Yeah, value area high and value area
  519. 45:55low.
  520. 46:00Yeah, honestly,
  521. 46:11I think I'm just going to I think I'm
  522. 46:13just going to stop.
  523. 46:16I feel like I feel like right now,
  524. 46:18if I try and trade this right now,
  525. 46:21I'm probably just going to make my my
  526. 46:23P&L worse.
  527. 46:24And then it's a brand new funded
  528. 46:26account.
  529. 46:28So,
  530. 46:29I'm not trying to dig myself into a
  531. 46:31hole.
  532. 46:33So, hopefully we get better price action
  533. 46:35or faster, more volume, more
  534. 46:36participation
  535. 46:39later this week.
  536. 46:41But I just don't think today is the day
  537. 46:44for me to try and
  538. 46:46press it.
  539. 46:48It's been kind of like this the past,
  540. 46:50you know, few weeks.
  541. 46:53Where I've been ending the streams kind
  542. 46:55of early cuz we're
  543. 46:57Yesterday we had some good movement,
  544. 46:59though.
  545. 46:59I mean, it wasn't
  546. 47:02No, yeah. Yesterday was some pretty good
  547. 47:03movement, honestly. Better than way
  548. 47:05better than today.
  549. 47:19Ooh, did they update it?
  550. 47:23Where is this?
  551. 47:35Hell yeah.
  552. 47:37All right. I think I'm going to just
  553. 47:38call it a day. I feel like this is going
  554. 47:40to be a waste of time to sit here and
  555. 47:41then potentially dangerous and harmful
  556. 47:44to my balance. So,
  557. 47:46sorry for the short stream. Sorry for
  558. 47:48the shitty trade. It is what it is. I'll
  559. 47:51catch you guys next time.
  560. 47:53Probably tomorrow.
  561. 47:55Peace.

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