๐ด Live NQ Futures Trading | Order Flow & Prop Firms โ Transcript
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- 0:10Yeah, we did dump last night. You know
- 0:12what's unfortunate too is um
- 0:16last night I
- 0:19shorted it right here
- 0:23and then I had um I was my target was
- 0:2630,10 so I wasn't you know going to
- 0:28catch this whole thing but
- 0:32I was uh I shorted it here. I was in the
- 0:35voice chat in the Discord talking about
- 0:38what I was looking at and then my food
- 0:40got here. I ordered food. I was trying
- 0:42to eat dinner [snorts] and I trailed my
- 0:45stop too tight
- 0:47and I got wicked out by like I got uh
- 0:50hit hit out of my trailing stop for a 3R
- 0:53but it was like
- 0:57it really wasn't a lot. It was like 30
- 0:59points, right? Because my my stop loss
- 1:02was super tight.
- 1:05So, a bit unfortunate.
- 1:07That would have been a nice one.
- 1:10So now here we are this morning. We're
- 1:12watching um
- 1:14right around this 700 to 680 area. If we
- 1:18lose this,
- 1:20we're going lower.
- 1:24We're currently trying to hold it
- 1:25pre-market, but
- 1:29if we lose this this morning,
- 1:32I think there's some further room to the
- 1:34downside.
- 1:38So, we're going to be paying attention
- 1:39to kind of what's going to happen here
- 1:42at the open
- 1:44because if we hold it, then there is a
- 1:46chance that we can try and at least
- 1:48rebalance some of this and then
- 1:50potentially start ranging or balancing
- 1:52[clears throat] balancing out.
- 1:59We're also opening up in a negative
- 2:01gamma environment this morning with
- 2:02decent distribution of negative gamma.
- 2:05So,
- 2:08We could potentially see some uh
- 2:10volatility at the open
- 2:13potentially. You know,
- 2:26yeah, we took out the entire What up
- 2:28TLOI? We took out the entire um pump
- 2:31from Thursday
- 2:33and we're back below the monthly
- 2:36ceiling. We were stuck under that 30,000
- 2:3930,100
- 3:40Amex lowering credit limits.
- 3:46>> Do you believe in flat earth as a
- 3:48trader?
- 3:53>> Yes.
- 3:54Yes, I do.
- 3:59round earth.
- 4:10Good morning, YouTube chat.
- 4:28Globe tards.
- 4:31That's the derogatory term. Globe tards.
- 4:35[laughter]
- 4:44That's funny. You guys are funny. I
- 4:47might have to get off a little early
- 4:49today, unfortunately. And it sucks
- 4:50because I think today is going to be um
- 4:56I don't really have to get off that
- 4:57early today, but
- 5:02I do have a meeting kind of early this
- 5:04morning.
- 5:07Although hopefully,
- 5:10you know, here's the thing, right? We're
- 5:11So, we're opening down here. We're deep
- 5:13in in negative gamut territory. We're
- 5:16currently above 680 for now. You know,
- 5:19who knows what's going to happen in the
- 5:20next five minutes, but um
- 5:26we could see us after a drop like that
- 5:28from the overnight, we could see us
- 5:30rebalance and then balance for AM
- 5:33session. So,
- 5:36you know, I don't want to um
- 5:41I mean, it could be a a nasty
- 5:44range. Well, a tradable range though
- 5:47because if it's big enough, right, then
- 5:48we could try and fade the extremes of
- 5:50it. But I just I'm curious to see how
- 5:53we're
- 5:54going to react off the open
- 5:58[snorts]
- 6:21What up, Blank Spartan?
- 6:44I'm not I'm not necessarily a huge fan
- 6:47of us opening right at the level I'm
- 6:49watching this morning.
- 6:52So hopefully within the next four
- 6:55minutes we uh
- 6:59move a little away from it,
- 7:03but I doubt it. We're probably going to
- 7:04open right on top of it.
- 7:29Good morning everybody.
- 7:33What am I looking for today? Well,
- 7:37I'm watching 700 to 680 right now. I'm
- 7:40seeing if we're going to be able to hold
- 7:41it.
- 7:46We're opening right here though, which
- 7:48is not necessarily ideal.
- 7:56If we accept below 680, we're going
- 7:58lower
- 8:02towards like the lower 500s.
- 8:06But if we hold above it, we may
- 8:09come back up here towards kind
- 8:11[clears throat] of like the 800 area.
- 8:22Yeah. The low the lows from uh Tuesday
- 8:25at 5:30. Yep.
- 8:32Like I'm kind of I'm kind of tempted to.
- 8:37We're just getting pretty close to the
- 8:39open, but
- 8:42we'll wait. We'll wait and we'll see.
- 8:45[snorts]
- 8:57We're starting to get a little bit of
- 8:58volatility before.
- 9:03If this flips bullish though and and we
- 9:06start we're starting to see some
- 9:08aggression come in from the buyers. If
- 9:11this holds, we might rip it off the
- 9:14open, back up a little bit, but I just I
- 9:16I wouldn't feel comfortable trying to
- 9:19trade um
- 9:22trying to enter a trade like right
- 9:24There.
- 9:59But after a day like yesterday,
- 10:02yesterday we had a pretty pretty uh
- 10:04boring day, huh? So, I think today
- 10:07should be pretty interesting.
- 10:21I will say though, I'll probably uh I'm
- 10:23going to switch over to an EVA right
- 10:24now. [snorts]
- 10:26[clears throat] If we um open up and we
- 10:28try and make another attempt below 680
- 10:30and we fail, I might just try and test
- 10:32out a long,
- 10:37but I got to be a little careful cuz
- 10:43I mean, that's why I'm going to do it on
- 10:45an eval if I do do that.
- 10:55And if we just start slamming lower off
- 10:57the open, we accept and we start
- 10:59accepting past 680, then we're going
- 11:02lower. It'll honestly be slightly
- 11:04difficult to get into a trade if we do
- 11:06that.
- 11:21Oh, that's nasty.
- 11:39Happy birthday.
- 12:02So, we're holding it, but
- 12:06This is a This is a pretty volatile open
- 12:08here.
- 12:21It was a bit fast as well.
- 12:51See, what I what I was kind of looking
- 12:52for was for us to, like I said, come
- 12:54down, try and break past 680, and fail.
- 12:57And then there could have been a solid
- 12:59opportunity to try and go long. But I
- 13:01don't know if you guys saw that. That
- 13:02was pretty nasty.
- 13:05We shot down, pushed up, shot down,
- 13:07pushed up, and then just ripped. So, not
- 13:11much I could really do.
- 13:19Although the first area we want to see
- 13:20us get past though is kind of like this
- 13:22760 area.
- 14:54This is a pretty crazy opening candle.
- 14:56Thing was snapping back and forth.
- 16:07This is a pretty gross opening candle.
- 16:11We're back above 680.
- 16:59It's just one of those opens where you
- 17:01got to just kind of wait a second
- 17:03because there's
- 17:07I mean this is a pretty large opening
- 17:08print. It's like over a 100 points.
- 17:10We're just snapping back and forth.
- 19:41I think what I'm going to do though is
- 19:43um
- 19:46I have to I might have to just wait for
- 19:48us to get out of here
- 19:54so I just Don't get caught in the
- 19:56whiplash.
- 20:21If we do push up though, so these are
- 20:24the two scenarios I'm watching for right
- 20:26now. Obviously up and down basically. So
- 20:29if we do push up past 760 and we hold
- 20:32above it,
- 20:35we could probably be trying to re uh
- 20:37revisit around
- 20:3929,880
- 20:4120 thou 29,900
- 20:44[clears throat]
- 20:49if we accept below here. I mean we tried
- 20:52it was a pretty decent attempt to try
- 20:53and get below here and we we held 680.
- 20:56So, if we do end up slamming all the way
- 20:59back down,
- 21:00um,
- 21:03I'd be looking for us to come down
- 21:04towards like the lower 500s,
- 21:14but I'm just cautious right now of us
- 21:18whiplashing a 100 points back and forth
- 21:20right here.
- 21:30You have
- 21:40it.
- 21:50up.
- 22:11Circle it.
- 22:51At least we're getting some movement
- 22:53today, dude. Yesterday sucks.
- 23:06although the overnight was nice.
- 23:10Hopefully somebody one of you guys
- 23:12caught some shorts from the overnight.
- 23:13That was a pretty nice move.
- 24:07seem to be stuck at 760. Yeah, I'm
- 24:09seeing if we can get past it because
- 24:12that's my um
- 24:15I sent that out on the outlook, right?
- 24:17If we accept above 760, then we're
- 24:21probably heading back up here. Back up
- 24:23here. But we need to get past it first.
- 26:56Look how the 15minute close.
- 28:06See if we can get past 680. I hope we I
- 28:09really hope we don't do a nasty
- 28:11whiplashing chop right around this area.
- 28:14That'd be super unfortunate.
- 29:30What up trading markets? Yesterday I
- 29:32told you short is the way to go those
- 29:33days. Yeah,
- 29:35pretty nice shorter in the overnight.
- 30:51All right, let me see how this five
- 30:52minute's going to close. If we um
- 30:55[clears throat] start accepting below
- 30:56680 here and we don't slam back up, I
- 30:58might try and take a short to target
- 31:01lower 500s.
- 32:19All right, I'm going to go short right
- 32:20here.
- 32:26The stop's going to be right above five
- 32:27minute high.
- 32:30Right above 680.
- 32:32Where is that? Oops.
- 32:42The only thing is that we are we need to
- 32:45break past this area or we're going to
- 32:46basically bottom take shorts.
- 33:52If we slam back up and take me out of
- 33:55this position, we'll wait for the uh
- 33:57hourly the 4hour open.
- 33:59But if we fail to break lower right now,
- 34:02we're just going to enter into like a
- 34:05really nasty
- 34:07chop.
- 36:00uh yeah, [clears throat] if you just
- 36:02joined, I'm in shorts right now, but
- 36:05we have to break past this area. I don't
- 36:08want us to I don't want us to take
- 36:09orders and slam back up, but we're
- 36:11looking for us to continue to the
- 36:14downside towards um
- 36:17the lower 500s.
- 36:23First target basically being 530. The
- 36:25only thing though is that this is a I
- 36:28took this on an eval.
- 36:30So, we're just going to go for profit
- 36:33target on this basically.
- 36:37So, a little bit over a
- 36:38>> two R.
- 36:54Oh, it'll be for like 75 points if we
- 36:56can get down there.
- 37:13Jeez.
- 37:18I wonder if those are there to actually
- 37:20get filled.
- 37:22Let's see.
- 37:32They were there to get filled. That's
- 37:33crazy.
- 38:46If we get another attempt lower right
- 38:48now, like a decent push again,
- 38:52I have to move it to break even
- 38:56because if it fails again, we might just
- 38:58spring up pretty hard.
- 39:32$800 profit and doesn't stop. Well,
- 39:34yeah. I mean, the target's lower.
- 39:38We're just struggling to get the follow
- 39:39through on it, but
- 39:44I'm okay. We could take L on it. If we
- 39:47do make another push down like back
- 39:49towards uh the 620 or like 610 600 I'm
- 39:54going to move it to break even.
- 39:56But I need to give it a little bit of
- 39:57room.
- 39:59Technically this
- 40:02we're we're looking for us to stay below
- 40:04680 right now. But there my stop is
- 40:07right above it. So we might end up
- 40:08wicking it and then dropping. But
- 40:15it is what it is. It's on an eval. So,
- 40:17it's we're just going to let it go.
- 40:24And then now that price has like calmed
- 40:25down a little bit, I'll probably switch
- 40:26over to my funded account.
- 40:42Coffee or tea? Coffee
- 40:44every day. Cup of coffee.
- 40:50It's the breakfast of champions. A zen
- 40:53and black coffee.
- 41:05All right. So, here we go with the uh
- 41:08the hourly the 4hour open.
- 41:18Zen or Alps? Actually never tried Alps
- 41:20before.
- 41:36I'll check them out.
- 42:12I'm going to move this to break even.
- 42:21I'd rather just wait at this point
- 42:24because I don't want to see this fail
- 42:27and for this to start flipping bullish.
- 42:30We have a lot of selling aggression
- 42:32right here and we're not really dropping
- 42:38which is concerning.
- 43:05All right, I'm out of break even. We're
- 43:08going to wait.
- 43:28Yeah.
- 43:40Look at the difference between the wick
- 43:42on
- 43:48MNQ and NQ.
- 44:04Happy
- 44:38Happy birthday.
- 44:50All right. So, let's see if we're
- 44:51actually going to going to get back
- 44:53above the 68700
- 44:57area to make that attempt to make that
- 45:00leg up. But
- 45:06we're just
- 45:13kind of mean reverting around it right
- 45:15now.
- 45:17[snorts]
- 45:46New York session. Come on.
- 46:10Go on vacation. Yeah, I feel like it,
- 46:12dude.
- 47:24Are the charts the five minute time
- 47:25frame? Yes sir. Yes sir. They are.
- 47:40So I guess we just have to wait.
- 47:45That trade went what, like 40 points in
- 47:49profit and then snap back. We're still
- 47:51staying below 680,
- 48:04but I don't really think
- 48:09I don't think it's a good idea to try
- 48:10that trade again. [snorts]
- 48:15Even if it drops, I probably just have
- 48:17to let it go.
- 49:04Sir, can you join your team for one
- 49:06month?
- 49:11What does that mean? I have a You have
- 49:14$20 to join my team. I didn't know I had
- 49:16a team.
- 49:23How about How about
- 49:27I'm I'mma cut you a deal. Said here,
- 49:29"Keep your 20 bucks
- 49:33and join the Discord." That's the team
- 49:35right there. Boom.
- 49:38You lost all your emails.
- 49:41Well,
- 49:46looks like it's time to get some more.
- 49:52[snorts]
- 49:59You lost all your evals and ruined your
- 50:02life. Oh, come on. Let's stop being
- 50:04dramatic, bro. Come on.
- 50:08I feel you're you're probably sitting
- 50:10here in some pain right now, but
- 50:14let's not be too dramatic.
- 50:22If if blowing e said here I don't mean
- 50:25to be like
- 50:30you know like
- 50:34a dick.
- 50:36But brother if blowing an eval ruins
- 50:39your life like come on dude.
- 50:46Like, dude,
- 50:50it's not the end of the world, dude.
- 50:58Well, I know. I know. Stop being a
- 51:00douche. I know. But it's the truth.
- 51:02Like, what am what what am I supposed to
- 51:04do? Do you think it's a good idea for me
- 51:06to sit here and tell them, "Yeah, your
- 51:08life is over. You know, your life's
- 51:10ruined. You blew an EV out." No, because
- 51:13it's not. What is this, a pity party?
- 51:17accounts. If you're going to trade prop
- 51:18firms and you're learning how to trade,
- 51:20accounts are just going to get blown.
- 51:23You know, that's just
- 51:27part of the game, brother. Welcome.
- 51:29Welcome to the game.
- 51:32You enjoying your time here? All right.
- 51:38So if we do drop lower, I'm watching
- 51:40essentially uh
- 51:44for us to come down to 530. But
- 51:49like 550, 530.
- 51:53The only thing though is that we might
- 51:54just not get an entry to get down there.
- 51:56And the further that we push lower,
- 52:02it's just um
- 52:14got to just let it go basically.
- 52:24Yeah, surf trades. I'm looking at the
- 52:25YouTube chat.
- 52:28There's like 400 people in there,
- 52:33right? If we get a pullback, you know,
- 52:35if we get a pullback
- 52:58But I have a feeling that we're just
- 52:59going to deliver straight down to it and
- 53:02not really give a pullback at all.
- 53:12Well, surf trades. He must be very
- 53:14handsome.
- 53:27What's ATS telling me? It's telling me
- 53:29we're going lower. What's your chart
- 53:31telling you?
- 53:34I see a red candle.
- 53:46Now, when we started when we started
- 53:48accepting below 680, I tried to give it
- 53:50a shot. Oh, we just loaded up again. I
- 53:52um
- 53:55was looking for us to continue, but
- 54:00unfortunate
- 54:01break even.
- 54:15the five minute fair value gap.
- 54:52Thrax blocks. Am
- 55:03I running lives daily? Yeah, I'm here
- 55:05every day. Although sometimes I do go on
- 55:07a prop for matches live stream sometimes
- 55:10on Fridays.
- 55:18Don't you see that bearish SMT at the
- 55:21sweep of liquidity based on daily bias?
- 55:29Brother, what?
- 55:41No, this the the bear scenario is
- 55:43playing out, but I just can't chase it.
- 55:50We try to get into it, but
- 57:07It's
- 57:26a trade small on MNQ.
- 57:30I mean
- 57:37MNQ is fine, dude. You can make money
- 57:39trading MNQ.
- 57:55Well, it depends how you trade, though.
- 57:56So, if if you're scalping, you probably
- 57:58want you would probably want to you well
- 58:00like micro scalping,
- 58:03you'd probably want to use um
- 58:06maybe bigger size, but
- 58:09realistically like
- 58:11for a 50k prof,
- 58:15five micros when we're having,
- 58:18you know, an ATR on a five minute of
- 58:21like 50 to 80 points is Let's
- 58:27chill.
- 58:58The goal is to trade 50 to 100 minicons.
- 59:07Maybe one day. Probably not, though.
- 59:15You don't even need a size that heavy to
- 59:16make money.
- 59:40like let's say with this year's
- 59:41volatility, right, for NQ, you have 100
- 59:46point moves happening all over the
- 59:48place, right? Let's just imagine
- 59:51that
- 59:53you only use three micros
- 59:57on a 50k
- 1:00:00and you're catching 100 points every
- 1:00:01time
- 1:00:03or you're going for 100 points if it
- 1:00:05makes sense or more. You know, you can
- 1:00:07easily make money doing that.
- 1:00:26What's your plan this session? I post it
- 1:00:28in the Discord every single day if you
- 1:00:29ever want to check it out.
- 1:00:52Damn, dude. I want to sit here and trade
- 1:00:54this, but I have a meeting in like 30
- 1:00:56minutes.
- 1:01:17If you guys want to join the Discord,
- 1:01:19um,
- 1:01:21I'm gonna give an account away today. If
- 1:01:23you guys want to join the Discord, you
- 1:01:25all you got to do is just go in the
- 1:01:26description of this video and it's a
- 1:01:30free
- 1:01:32so you would just join it.
- 1:01:40>> It's free.
- 1:01:43And when we do a giveaway, the only
- 1:01:44people who can win the giveaway are the
- 1:01:46people that are in the Discord. Sorry,
- 1:01:48YouTube. It's our YouTube chat.
- 1:02:55Man,
- 1:02:58August, August, August.
- 1:03:04I hope there's some I hope one of you
- 1:03:05guys has just been killing it during
- 1:03:09August because I sure haven't.
- 1:03:12No trade days, break evens,
- 1:03:15some losing days.
- 1:03:20I hope one I hope some of you guys are
- 1:03:21just killing it in this price action.
- 1:03:24Props to you if you are.
- 1:03:37Yeah. [laughter]
- 1:03:55killing it in the demos.
- 1:04:04Yeah. You know, you know what's been the
- 1:04:06story of my of my August is
- 1:04:1050 points in profit, slam back to break
- 1:04:12even. 50 points in profit, slam back,
- 1:04:15slam back to break even.
- 1:05:03How are you guys doing today? You guys
- 1:05:05green today? Break even?
- 1:05:08He is red.
- 1:05:24Red 1k green choppy mega red break even.
- 1:05:29No opportunities green today.
- 1:05:47NQ NQ NQ.
- 1:05:57Oh, I think my uh
- 1:06:20Yo, does uh are we back? Are we back now
- 1:06:24on Discord? I don't know what happened
- 1:06:26there.
- 1:06:32All right, cool.
- 1:06:39No sound.
- 1:06:42You guys can't hear me on Discord.
- 1:06:46Oh yeah, 50% off with Funed Futures
- 1:06:48Network. We're going to give away one of
- 1:06:50their accounts today in the Discord,
- 1:06:53brother.
- 1:06:59Why?
- 1:07:02Why can Discord not hear me?
- 1:07:22Let me see if I can fix this.
- 1:07:28Can you guys hear me now?
- 1:07:35All right, I'm going to take that as a
- 1:07:36no.
- 1:07:44All right, YouTube.
- 1:07:51Okay, let me see.
- 1:07:59I got a um
- 1:08:11I'm going to um what's it called? I have
- 1:08:13a This is still There may be an
- 1:08:16opportunity here, but I I gotta do this
- 1:08:19giveaway in the Discord and then I got
- 1:08:20to dip out. So, um
- 1:08:28I will catch you guys tomorrow. We just
- 1:08:30hit a break even today. We were looking
- 1:08:31for acceptance below 680 to then target
- 1:08:34uh around 5:30, but we didn't really get
- 1:08:36that follow through. I'm going to um be
- 1:08:39on tomorrow. So, I'll see you guys
- 1:08:41tomorrow. But if you want to join the
- 1:08:43giveaway, I'm going to do it in Discord.
- 1:08:44All you got to do is just join the
- 1:08:45Discord.
- 1:08:51See you later, YouTube. Good luck.
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