๐ด Live NQ Futures Trading | Order Flow & Prop Firms โ Transcript
Full transcript
- 0:12Yo
- 0:20yo.
- 0:29Another
- 0:46day.
- 0:48Hopefully not another chop.
- 0:50Asia or Asia session has been
- 0:55saving me.
- 0:57New York session has been kicking my ass
- 0:59past like
- 1:01I don't know
- 1:04four or five sessions honestly.
- 1:07But today we got our hands
- 1:11on a 250k freedom combine
- 1:15[laughter]
- 1:16with top step.
- 1:19So we're going to see how that goes.
- 1:24We got to we got to pass it.
- 1:38250k freedom combine.
- 1:42Dude, they're pretty expensive, but
- 1:52we got it anyways.
- 1:56We just got to be kind of careful. We
- 1:57can't really fullport it.
- 2:01Well, we could full port it, but that
- 2:03would be dangerous thing to do.
- 2:12I do need to trade uh some of my funded
- 2:16today, but I do want I do want to trade
- 2:18this combine.
- 2:22We'll see how it goes.
- 2:25Although this morning,
- 2:29no news this morning. F uh CPI tomorrow.
- 2:41We're kind of balancing out here.
- 3:00The goal The goal is to get five 250k
- 3:06freedom accounts.
- 3:10[laughter]
- 3:14It'll cost $2500.
- 3:17That'
- 3:25be pretty badass though.
- 3:2725k payout caps. 25 minis.
- 3:3325 minis times five.
- 3:38All we need
- 3:4120. He hear me out.
- 3:4325 minis, 100 points.
- 3:48$125,000 payout,
- 3:53but you have like 40 ticks until you
- 3:56blow the account basically.
- 4:00Absolute cinema. Yeah. Now, I saw these
- 4:03come out. So, I saw them come out um
- 4:10like a couple weeks ago, but then they
- 4:12like sold out and you couldn't get them.
- 4:14So now they released them again.
- 4:18So
- 4:21we saw them last night. We bought one.
- 4:24We're going to try and uh we're going to
- 4:26try and trade it here. It's got a $5,000
- 4:30daily loss limit.
- 4:34Profit target 50% consistency would be
- 4:37$7,500. You know, the the draw down to
- 4:40profit target ratio on this account is
- 4:42actually pretty good.
- 4:44It's a 1.5R. It's basically like uh
- 4:48like a like a 50k. It's like they
- 4:51slammed basically 550ks into one. Cuz
- 4:55usually with other firms it'll be worse,
- 4:56right? They'll usually give you like
- 4:596500 6,000 in draw down and then a
- 5:0315,000 target on a 250k.
- 5:06But this one's 10,000.
- 5:09Still 15,000.
- 5:18Although
- 5:20blowing these would kind of suck though.
- 5:22I'm not going to lie.
- 5:29Well, we're not going to blow. We're
- 5:30going to pass it.
- 5:34We're going to pass it. Dude, no wonder
- 5:36why they they told everybody to stop uh
- 5:40you can't trade CPI anymore. Can you
- 5:43stack five of them? Yeah, you can. Dude,
- 5:46imagine 25 minis on on CPI.
- 5:55They had to turn they had they had to
- 5:57nerf that. There's no way they would
- 5:59allow these accounts and then allow
- 6:00that. There's no way.
- 6:02No, this is a Topstep account, dude.
- 6:04It's a 250k freedom combine. We're going
- 6:07to pass it so we can get some freedom.
- 6:09We need some freedom from this account.
- 6:21So this morning, basically my base case,
- 6:24like my my scenario that I'm watching is
- 6:28I'm I'm going to be careful about us
- 6:30having kind of like a
- 6:32rotational session this morning.
- 6:37If we end up accepting below here, then
- 6:39I'm looking for us to run out overnight
- 6:40lows. If we start getting above 910 to
- 6:45950, I'm going to be looking for us to
- 6:47start making our way back towards the
- 6:48month ceiling sitting around 30,100.
- 6:55There is a chance though that we could
- 6:56potentially rotate in this area between
- 6:59950 and 700 area though.
- 7:02So,
- 7:05I don't have the the um
- 7:12the most faith in this session to be
- 7:13completely honest with you guys. But
- 7:16we caught we caught we caught a move. We
- 7:18caught this long down here. I actually
- 7:20caught a pretty good long.
- 7:22I went long at 687 last night
- 7:28and we ended up taking it to uh 790. So,
- 7:31we caught like um
- 7:37we caught like almost a five R. I took
- 7:40this on my live account. Also, I passed
- 7:42a an eval with this firm called
- 7:46IQ Capital. They got some pretty
- 7:49interesting accounts. I got funded with
- 7:51them. They have one day pass. So, I just
- 7:52uh I bought the account. I passed it
- 7:57in one day. It was 100K account. So, I
- 7:59made 6K profit on it from those longs.
- 8:03We got the funded.
- 8:06Probably going to try and trade that
- 8:07later. But I also have my other fundeds.
- 8:12I'm just torn right now. I I got to
- 8:13trade the fundeds, but I also
- 8:17I want to trade this 250k combine.
- 8:27Although I should probably trade the
- 8:28fundeds because we haven't pulled a
- 8:30payout in a little bit which is not
- 8:32good. But at the end of the day though,
- 8:36I've actually been doing pretty well on
- 8:37my live account. So I'm chilling. But
- 8:41just for the sake of like getting more
- 8:44payouts, I probably should.
- 8:48So we'll see.
- 8:51How can you buy a 250k account? You got
- 8:54to I don't you got to go to Topstep
- 8:56Labs. Dude, I don't know if I I'm I
- 8:59would honestly recommend you guys don't
- 9:00buy one of these accounts.
- 9:03It's probably the easiest way to lose
- 9:05500 bucks,
- 9:09but we're going to do we're going to do
- 9:10it for the entertainment.
- 9:16We're going to do it and pull a 25K
- 9:19payout. put 25K in a sub account for for
- 9:24a live account
- 9:28futures $300 margins on minis
- 9:32and we'll just we'll rip next CPI. How
- 9:36about that
- 9:38on a live account?
- 9:42No, I'm just joking.
- 9:53About time. Yeah. So, we'll see. We'll
- 9:55see what happens today.
- 9:58But I'm going to be a little suspicious
- 10:01about this morning.
- 10:07Try and make some progress on this. In a
- 10:10perfect world,
- 10:12make a little bit of progress on this
- 10:13account. We make a little bit of
- 10:15progress on the fundeds
- 10:19and then we call it a day.
- 10:25Well, we already made some progress on
- 10:26one of the fundeds today from that. I I
- 10:29took that long last night on three of my
- 10:31accounts on my live account on a funded
- 10:34account and to pass that EV out.
- 10:42So, we're about to we're we're getting
- 10:43ready to open up here in two minutes.
- 10:45Again, if you guys are just joining, I'm
- 10:48essentially watching around 785 and I'm
- 10:51watching around 910 and and 950.
- 10:56We do have
- 11:00we got some friction to the upside, but
- 11:02if we're able to break through it, we
- 11:04can make another attempt up to, you
- 11:06know, the 30,000s, 30,100s.
- 11:09It's just um
- 11:12I don't think that we're going to have a
- 11:14clean like decisive
- 11:18acceptance past the monthly ceiling
- 11:21until CPI. We might poke our head out of
- 11:24it if we push up, but
- 11:27but yeah, I'm going to be watching this
- 11:29area. So, we'll see. In the event that
- 11:37we start to get below here and we hold,
- 11:39I'll just look for this to get taken
- 11:41out. But
- 11:45we'll have to wait and see.
- 11:48Got to be a little careful today.
- 11:59Am I bullish for CPI?
- 12:02As long as they meet expect as long as
- 12:04they meet the expect the expected
- 12:06numbers or they beat them. I don't think
- 12:09they're going to beat them, but if they
- 12:11meet it, well, it'll it'll go up
- 12:13probably.
- 12:15Probably. Not financial advice.
- 12:22All right. So just you know just uh
- 12:26forewarning here everybody.
- 12:30I'm trading an eval.
- 12:33So I might be slightly more aggressive
- 12:35in the entries that I take. But
- 12:39I'm not going to be reckless about it
- 12:42because this account's expensive. But
- 12:45we'll see.
- 12:49No risk.
- 12:51No freedom funded.
- 12:55Oh, on this account, I'm just I'm
- 12:56honestly just going to use uh I'm gonna
- 12:58go in on 10 micros, but
- 13:03max position sizing will probably be
- 13:05$1,000 loss. So,
- 13:10if it allows for it, I'll probably add
- 13:13into positions. So, we're pushing down
- 13:16into 785. We're going to see if we can
- 13:19actually hold this
- 13:23And if we do
- 13:27around the 785, we could probably see us
- 13:32try and make an attempt at the 900s.
- 14:04Unless we're going to just run this out
- 14:06right now.
- 15:43So, I'm going to see
- 15:53if we're about to snap back up right
- 15:55now. if we're going to
- 15:58continue this pressure down to the
- 15:59overnight lows.
- 17:13just open up and straight drop down to
- 17:16take overnight lows.
- 17:21Hope not.
- 18:02So, let's see what happens here with the
- 18:04new 5m it.
- 18:32But if if we do decide to take longs
- 18:34down here, we got to be careful when we
- 18:36approach back to
- 18:39the 780s. But we just took London lows.
- 18:47We're kind of approaching the 700s right
- 18:50now.
- 18:53We're at the 700. So,
- 18:56if we [clears throat] continue down,
- 18:59we're probably coming down to like
- 19:0329,600 29,580
- 19:07area.
- 19:17It's just only been selling pressure so
- 19:19far. Sorry.
- 20:27Yeah.
- 20:36Hm.
- 21:08There's [snorts] a little bit of buying
- 21:09activity, but if it can't follow through
- 21:12on what it's trying to do right now,
- 21:13we're going to go to Asia lows.
- 21:41But yeah, if it just Yeah, here we go.
- 21:44If we just go down and take uh Asia
- 21:48lows,
- 21:50this scenario that I said of getting
- 21:52below 785 to take the lows just happens
- 21:55without
- 21:58an entry.
- 22:56Tricky, tricky, tricky.
- 23:00You don't necessarily want to buy into
- 23:01this right now.
- 23:03And then
- 23:05just chasing it on the shorts is kind of
- 23:07crazy. So,
- 24:11Yeah, I fixed the I fixed the delay on
- 24:14uh a test. We're good now. We're good
- 24:16today.
- 25:05If we get a V-shaped recovery,
- 25:09if we get back above uh I'm watching as
- 25:12we approach here at 785. Um,
- 25:17we're going to look to see if buyers can
- 25:19actually reclaim it. If they can reclaim
- 25:21it, then I'm actually going to look for
- 25:23a continuation long
- 25:28to then come into the 900s,
- 25:32but I would rather wait for us to get
- 25:34above it first rather than trying to
- 25:36long down here.
- 25:38It was just a weird um
- 25:45Because if we can't get above here,
- 25:47we're probably going to rotate again
- 25:48lower
- 25:52at least come back here.
- 25:56Uh the delay issue. I just waited. It
- 25:59was a rhythmic problem.
- 26:02So, I just waited and then um
- 26:06like shut it shut down the shut it down
- 26:09and then turn it back on basically
- 26:14later on in the session.
- 27:31So new 15 minutes about to open right
- 27:33now. That is not looking good for us to
- 27:36recover
- 27:37785.
- 27:41At least not yet.
- 28:53All
- 29:09right, so let's see what happens after
- 29:10we take Asia lows.
- 29:14Jeez,
- 29:15that was nasty. Look, we see the book
- 29:18just disappear.
- 29:25That's pretty nasty.
- 29:54>> [snorts]
- 30:44>> What a day.
- 30:48New York A.M. session
- 31:46Did anybody catch those shorts?
- 31:48Did anybody catch those?
- 32:00Very nice.
- 32:15Yeah, if he caught those shorts, easy
- 32:17day.
- 32:19just kind of happened.
- 33:54Oh, here we go.
- 33:57You see that? I don't know if you guys
- 33:58saw that. I'm going to try and take a
- 34:01short right here.
- 34:03We're going to aim for 580.
- 34:10We'll front run it a little bit.
- 34:15I'm going to add into it if it continues
- 34:17down.
- 34:18But the stop is going to be right above
- 34:20the five minute um the fivem minute wick
- 34:23above.
- 34:26And once if we do continue the pressure
- 34:29lower, I'll
- 34:31tag in this other order, I'm probably
- 34:32going to move it to break even.
- 34:38Actually need to put a little lower.
- 34:47The moon phase is a wanting crescent.
- 34:51It means longs.
- 35:12Hopefully not. Hopefully the one
- 35:13crescent means we continue down to 580.
- 35:51All
- 36:02right. Well,
- 36:05we will wait for the next trade.
- 36:10Probably wait for the the 4 hour to open
- 36:12up, actually.
- 36:22I still think until we start getting
- 36:24back up here,
- 36:28it's very possible we still continue
- 36:29down to uh 580.
- 38:36Sean, my boy, it's okay.
- 38:40It's not the end of the world.
- 38:49It's not that serious.
- 38:57Like, yeah, we're stalling out right
- 38:58here, but
- 39:02we need to
- 39:05we need to push through this pretty
- 39:06aggressively. Get back up here.
- 39:15Is this quan tower? No, it is not.
- 39:19In fact,
- 39:21it is ATS.
- 39:27It is ATS.
- 39:38We need this freedom combine to give us
- 39:40some freedom.
- 39:42We need to pass it.
- 39:57long it. Not yet. I would love to take
- 40:01some longs though. I would love that,
- 40:04but
- 40:07we got to wait.
- 40:12Um
- 40:15I don't know. I just like NQ. We have a
- 40:17toxic relationship.
- 40:24ES is like
- 40:28[laughter]
- 40:29I saw a video the other day on on
- 40:31Instagram. Someone said ES is like like
- 40:35the seven out of 10 who who who never
- 40:38gives you any issues and then NQ is like
- 40:40the 10 out of 10 but she's batshit
- 40:42crazy. [laughter]
- 41:27Like right now we're seeing buyers
- 41:30attempt to push this back up, right? But
- 41:32they're really struggling. Um,
- 41:40we would have to start getting back up
- 41:42here, like back up here.
- 41:47Otherwise, this is just suspicious, you
- 41:49know. It's just suspicious.
- 41:55Yeah, it's actually Yes, it is in the
- 41:57FAQs. It is. This one's called uh new
- 42:00thrax or whatever, but I use Atas X. So,
- 42:06you got to um
- 42:10you got to be using ATS X if you want to
- 42:13use it's in the FAQ. It'll l literally
- 42:15say ATAS or ATAS X. So, okay. Yeah, if
- 42:19you're using Atas X, then this one will
- 42:21work.
- 42:40Okay, so now we're getting some follow
- 42:42through.
- 43:24It's looking kind of good for longs.
- 43:28So, we're going to give it a shot.
- 43:30Although, we're going to have a pretty
- 43:32large stop loss. We need it to stay
- 43:34above 700 right now. And then once we
- 43:38approach uh the 785 area, we got to be a
- 43:40little careful.
- 43:43But if we could stay above
- 43:46700s, we'll probably be okay.
- 43:51There's a good closure on the 15minute.
- 44:01We're still if if we pump it up, we're
- 44:02we're aiming for the 900s.
- 44:05It's like full TP. Whoops.
- 44:10But we just got to we'll probably be
- 44:13careful around um
- 44:20once we start pushing up here into uh
- 44:24the 785s.
- 44:36Although, if we lose this trade, I'll
- 44:37probably take this freedom account and
- 44:39bench it.
- 44:49Actually,
- 44:52we'll see what happens. I want to see us
- 44:54have like a
- 44:58I'm trying to see the numbers light up
- 44:59on the ask right here as we head into
- 45:01the 780s and then I'll probably trail
- 45:04the stop a little bit tighter
- 45:16because we just got to make sure that
- 45:17this is not about to be the hourly wick
- 45:19to the upside before we slam down.
- 45:35I'm actually going to move it to break
- 45:36even.
- 45:47Cuz I do not want to see us do this and
- 45:49then bam. Oh, I don't want to see us do
- 45:53this and then bam
- 46:04because what I can do is if this doesn't
- 46:08go here, I might get out break even and
- 46:10then if we curl back over and defend the
- 46:13700s,
- 46:14I might try and take another opportunity
- 46:16with a better entry.
- 46:25What about the TP?
- 46:28The TP is uh well, the the first area of
- 46:32friction we're going to run into is
- 46:34going to be here. If we push up, we'll
- 46:36probably run into some issues here. But
- 46:39if we get past it, then we're looking
- 46:41for 900s.
- 47:19And then if we do get above uh if we
- 47:21start accepting back above 785800,
- 47:24I'll probably look for a way to try and
- 47:26add into this position.
- 48:19Whoops.
- 49:02You have a buy limit set for 29714.
- 49:07That's a decent area.
- 49:09That's a fair value gap. Actually,
- 49:15an inverse fair value gap. yeah.
- 49:24All right. So, we're we're back
- 49:25approaching into this area again.
- 49:28The only way this is going to continue
- 49:30is we need to accept above it. Um,
- 49:34obviously, right, but it is an area
- 49:36where I'm expecting us to run into a
- 49:38little bit of um
- 49:40issues potentially.
- 49:48You know, we could cover our loss, but
- 49:53we're not going to get freedom from this
- 49:55freedom account by just covering a loss.
- 49:58Although I I will say if we start
- 50:00pushing up higher, I am going to trail
- 50:02the stop to like get me back to break
- 50:04even. But
- 50:35Actually, I'll probably trail it to the
- 50:37bottom of this uh five minute. See if we
- 50:40could punch through this. If not, we'll
- 50:42knock down our draw down in half. How
- 50:45about that?
- 50:56Yeah, it's all right, Sean. I get it.
- 50:57Past week uh week or so has been
- 51:00slightly frustrating for the AM session.
- 51:02Honestly, Asia's been saving me. I've
- 51:04been trading my live accounts during
- 51:06Asia and they've been cooking. We've
- 51:08been cooking on the lives.
- 51:25How do you get rid of the heat map on
- 51:26the right? Um,
- 51:35I don't know how to do it on on ATS X,
- 51:38honestly.
- 51:42I'm going to be real. I don't know. I
- 51:45know that the template has it, so it's
- 51:46like stuck there. So, yeah, I have no
- 51:49idea.
- 51:51Do I stream Asia? No, I do not. I do
- 51:54not.
- 51:59But how do I trade Asia? Yeah, I know
- 52:01you're trying to delete it, but you
- 52:02can't. I don't know how to delete it
- 52:03either.
- 52:08How do you trade Asia?
- 52:11Well, I trade it the exact same way that
- 52:13I trade New York, except for the fact
- 52:15that
- 52:17uh you don't use gamma levels.
- 52:55No, I do not use gamma levels in Asia or
- 52:57London.
- 53:00Why would you?
- 53:04Mark is closed.
- 53:16What do I use? Volume profile,
- 53:20value areas, market structure,
- 53:24footprint,
- 53:26everything. I use the same thing. I I
- 53:28trade Asia the exact same way. The only
- 53:30thing is just that I don't um
- 53:34I just don't use gamma
- 53:37which is not a big deal because gamma is
- 53:40just one part of a broader framework you
- 53:42know.
- 53:46Exactly. Blank Spartan. Exactly. Which
- 53:49is why I don't get it when people ask me
- 53:50that but it's okay.
- 53:53[snorts]
- 53:57Yes. But ETHO
- 54:00using end of day open interest. You're
- 54:02you're trying to use options data when
- 54:05the market is closed.
- 54:08Now, you know, let's say you have some
- 54:10type of vendor or provider. Keep in
- 54:12mind, guys, you know what I mean? Like
- 54:14when you when you have when we when
- 54:17we're using um you know, gamma levels,
- 54:20let's say, okay, you're going to have
- 54:22levels that look like this. they're just
- 54:25going to be like all over the place. So,
- 54:28if it's going to look like this, then,
- 54:30you know, we're bound to have random
- 54:33line theory work out where you
- 54:34essentially watch price come into some
- 54:36random line and then you're like, ah,
- 54:38you know, it held, you know, but the
- 54:40actual mechanics of it are just not
- 54:42there. You know what I mean?
- 54:48I mean, I can I can um you know, draw a
- 54:51bunch of lines on my chart, you know,
- 54:53and then the ones that don't that just
- 54:55run through, you know, we don't even
- 54:57talk about it. But then the ones that
- 54:58just happen to touch it and then turn
- 55:00around, we could be like, "Oh, yeah,
- 55:02that was a valid level." Well,
- 55:05random line theory is a real thing,
- 55:09you know?
- 55:17random line three. Yeah, that's a new
- 55:19strat, bro. Let's just draw a bunch of
- 55:20lines on the on the chart
- 55:24and then like screenshot it whenever it
- 55:27works out. Remove all the other lines.
- 55:30Screenshot it and be like, "Look at my
- 55:32level. Look at my level." Well, you
- 55:35don't even have to do that. You could
- 55:36just wait until it reverses and then
- 55:41and then you could just
- 55:43Yeah, we're running into a problem right
- 55:45here.
- 55:50Push through it. Come on.
- 55:57Come on. AQ. Although right now we're
- 56:00basically trying to play a V-shaped
- 56:02recovery, which is
- 56:05potentially not the brightest idea, but
- 56:11V. We're going to Vshape our rec Vshape
- 56:13recovery our way to freedom on this
- 56:16freedom combine.
- 56:18Dude, this account's honestly pretty
- 56:19sick, dude. But it's just expensive.
- 56:26It's just pretty expensive.
- 56:36But yeah, we we were anticipating us to
- 56:38run into some issues here. Um,
- 56:42if we do end up accepting above it, we
- 56:44are green lit.
- 56:46We are green lit for a decent trade
- 56:48here. Move down your stop. Nah.
- 56:54Nah. Because what I what I might do,
- 56:57just so you know what my plan is.
- 57:00If we if we basically reject out of
- 57:03here, there's a pretty good chance we're
- 57:06coming down here and then we can look
- 57:08for down here. What I'm going to look
- 57:12for is a re-entry longs if it makes
- 57:14sense to do so. Right right at this uh
- 57:18fair value gap. [laughter]
- 57:21No, right around 700. 700's a important
- 57:24area. We overshot it a little bit, but
- 57:29like like 700 to the 650s is an
- 57:32important area for me. So like [snorts]
- 57:36if we um
- 57:38breakaway gap. So then I'll I'll take
- 57:41cuz I'm in draw down, right? So I'll
- 57:43take uh I'll cut it in half and then
- 57:45we'll look for a potential re-entry.
- 58:26All right. Now, we're going to wait a
- 58:28second.
- 58:39So, we're either going to look for us to
- 58:41come back towards 700s to look for a
- 58:44long or we will wait for us to actually
- 58:47accept above 785 and then just look for
- 58:50a continuation.
- 1:00:19Um,
- 1:00:30oh, I see what you're saying. Bowler
- 1:00:31Scalp, you're looking at Mentor Q's um,
- 1:00:37put support
- 1:00:39that was at 750.
- 1:01:04Whoa, those are those are dangerous
- 1:01:07words there, brother. Look what the
- 1:01:08market's h look what look what's
- 1:01:09happening with your I told you so.
- 1:01:13We'll see. I'm not too pressed about it.
- 1:01:16You know, we got to
- 1:01:18we got to it's not over until we get
- 1:01:22above here.
- 1:01:28Cuz guess what? Well, if I would have
- 1:01:30moved my stop down instead of making 300
- 1:01:33and cutting our draw down in half,
- 1:01:37we would still be minus 650. Because
- 1:01:40[snorts] if we're going to hold this,
- 1:01:42right, and we're going to revisit it
- 1:01:44later to try and break it on a second
- 1:01:46second attempt,
- 1:01:49that's fine. I mean, I didn't have a lot
- 1:01:51of room between where I trailed stopped
- 1:01:53to where break even would have been.
- 1:01:57But if we have this pressure, right,
- 1:02:01and it fails here,
- 1:02:04well, we can just re-enter the trade
- 1:02:06after we get above here. after we get
- 1:02:08above here.
- 1:02:14I'm just trying to I'm just trying to um
- 1:02:24[laughter]
- 1:02:25No, it's okay. I'm just messing with
- 1:02:27you, Buller Scalp. Yeah, valid. That's a
- 1:02:29valid level. Sure. It's showing us it's
- 1:02:31a valid level right now. So, it's solid.
- 1:02:37But I don't use menthol Q, so I don't
- 1:02:40really know where their levels are at
- 1:02:42like that.
- 1:03:06Yeah, and we're also trying to get back
- 1:03:08into yesterday's value area right now
- 1:03:11after we just dipped down. So,
- 1:03:18just it's an important area, right?
- 1:03:20That's why we that's why we marked it
- 1:03:22out, you know, and we were saying like,
- 1:03:23okay, if we're going to go long, well,
- 1:03:26we just have to be careful about this
- 1:03:27area.
- 1:03:30the the better confirmation for longs is
- 1:03:32for us to actually get back above here.
- 1:03:34Otherwise, you know, we drop below,
- 1:03:38we fail to reclaim
- 1:03:41[snorts] and we can actually come all
- 1:03:43the way down here or even just keep
- 1:03:45running it out. Good.
- 1:04:06What we also need to be careful about
- 1:04:07though is this. Okay.
- 1:04:12Drop, rebalance, balance. I really hope
- 1:04:17that doesn't happen this morning.
- 1:04:20I really hope that doesn't happen.
- 1:04:30Drop, rebalance, balance, PM move. I
- 1:04:33hope not.
- 1:04:44Yeah, there is a lot of friction to the
- 1:04:46upside. I will say if we are looking for
- 1:04:48longs,
- 1:04:52but
- 1:04:54I kind of I kind of like it.
- 1:04:57It We have to get above here though
- 1:04:59first and then I like it and then I like
- 1:05:02it.
- 1:05:08What do you think about orderflow and ES
- 1:05:11and that of NQ which is reliable? What
- 1:05:14do you mean?
- 1:05:17They're different assets.
- 1:05:30What do you mean which is reliable?
- 1:05:45ES absorption mostly holds than NQ from
- 1:05:49observation.
- 1:05:51Uh I don't know about that. Um but you
- 1:05:55know I don't really look at ES so
- 1:06:15Depends if you like a seven out of 10 or
- 1:06:16a 10 out of 10. Yep.
- 1:06:23[laughter]
- 1:07:05Bro, are we just going to become Asia
- 1:07:07session traders?
- 1:07:12New York AM.
- 1:07:15Come on, dude.
- 1:07:19No, I'm just joking. This is a pretty
- 1:07:21good move to the downside. Honestly,
- 1:07:23there's just no way for me to get in
- 1:07:24unless I just chased it.
- 1:07:37Can I live stream in Asia?
- 1:07:40I won't. I'm not going to live stream
- 1:07:43Asia,
- 1:07:46but uh
- 1:07:49yeah, Asia session trader.
- 1:07:54I usually trade Asia with my live
- 1:07:57accounts. Um,
- 1:07:59and funded too or Evals or whatever.
- 1:08:03But Asia session is a little bit
- 1:08:04different, right? Like
- 1:08:07like for a New York session, okay, I sit
- 1:08:09here, I watch the open, you know, I I
- 1:08:12look for us to do something as we
- 1:08:14approach lunch hours. Um, I'm usually
- 1:08:17done. Asia. If it's a Sunday with like
- 1:08:21some type of news that came out, I may
- 1:08:24trade CME open. I usually don't trade
- 1:08:27CME open. I'll usually trade the 8:00
- 1:08:30p.m. EST hourly open
- 1:08:34like Tokyo and then the 6:00 p.m. or my
- 1:08:38bad uh 900 p.m. EST
- 1:08:41hourly open. And if a move doesn't come
- 1:08:45from the open of either of those two
- 1:08:46candles, then I just don't trade it. So,
- 1:08:48it's like
- 1:08:52what I can do though, if you guys want,
- 1:08:54is
- 1:08:58if I decide to trade Asia,
- 1:09:02I'll message in the in the Discord what
- 1:09:04I'm looking at. But you got to keep in
- 1:09:07mind this is like, okay, here I am, New
- 1:09:09York session. I'm like sitting here.
- 1:09:11We're focused. We're we're talking on
- 1:09:13stream. When I'm trading Asia, we're
- 1:09:16doom scrolling. and I'm playing Clash of
- 1:09:18Clans. I'm doing other stuff. I may
- 1:09:20enter a trade that takes an hour to play
- 1:09:22out. I might go eat dinner,
- 1:09:25you know, like I I just go do other
- 1:09:27things. I may manage a position from my
- 1:09:29phone or something like if I'm in on top
- 1:09:33or whatever. So, it's really not ideal
- 1:09:36for me to stream it, but
- 1:09:38I'll message in the chat.
- 1:09:42Clash Royale. Nah, dude. Clash of Clans.
- 1:09:46Clash of Clans. I've been playing that
- 1:09:49game since I was I've been playing that
- 1:09:51game for like 12 years, actually.
- 1:09:56I'm I'm loyal I'm loyal to the game.
- 1:10:00I'm loyal to to the Clash. I'm I'm loyal
- 1:10:02to the clan.
- 1:10:05[laughter]
- 1:10:09Loyal to the clan.
- 1:10:18Yeah, it takes forever. All my upgrades
- 1:10:21take like it takes a long time.
- 1:10:25Clash Royale. I've never played Clash
- 1:10:27Royale.
- 1:10:30Clash of Clans is the only game I have
- 1:10:32on my phone
- 1:10:35besides um I have another game on my
- 1:10:37phone. What is it? Blackjack 21.
- 1:10:51Clash Royale is the superior game. I
- 1:10:53don't know about that.
- 1:10:58You know what? I haven't tried it. Maybe
- 1:11:00I'm just hate hating for no reason. Just
- 1:11:02a hater.
- 1:11:19Well, it's starting to look like we may
- 1:11:21just
- 1:11:23compress here for a sec. I mean, we're
- 1:11:26already kind of doing it, but
- 1:11:32I I'm hoping we don't balance out
- 1:11:34between 800 and 700.
- 1:11:38Dude, I was kind of hyped. I was kind of
- 1:11:40hyped to trade this 250k freedom
- 1:11:42account. This is actually I've never had
- 1:11:44a 250k account because honestly I never
- 1:11:46found a reason to.
- 1:11:50But
- 1:11:54I don't know. Might as well.
- 1:11:59Let's get five of them.
- 1:12:01Let's get five of them.
- 1:12:13like 15 grand profit target seems like a
- 1:12:15lot, but it's really not a lot. I mean,
- 1:12:16like 100K on that 100K account last
- 1:12:20night, I I went in 20 micros, I added
- 1:12:2310, added 10, and then we ripped it, you
- 1:12:25know? It's like, and then it made six
- 1:12:26grand. So, you can do the same thing.
- 1:12:29You just
- 1:12:32shouldn't be that difficult. Although
- 1:12:34you you have to size up. You can't just
- 1:12:36like
- 1:12:38we're not going to get freedom from only
- 1:12:40trading 10 micros on this. Well, we will
- 1:12:43once it's funded, but
- 1:12:46we got to we got to pass it first.
- 1:12:50Uh this is from um Topstep.
- 1:12:54Topstep's 250k freedom account.
- 1:13:00Okay. Are we going to be able to get
- 1:13:01through this?
- 1:13:03The new 15 minutes going to open up
- 1:13:05here.
- 1:13:09Just slam four minis. Why stop at four?
- 1:13:12I can do 25.
- 1:13:14Why not just go 25?
- 1:13:30How different do I trade my live
- 1:13:32compared to my funded? Incredibly
- 1:13:34different.
- 1:13:37The strategy remains the same, but risk
- 1:13:39management is way different.
- 1:13:42It's way different
- 1:13:47on my live account. Usually what I do is
- 1:13:49um yeah 250 micros.
- 1:13:53That's crazy. On my live account,
- 1:13:55usually what I do is I start pretty
- 1:13:56small size. Um I usually risk like
- 1:14:01maybe a hundred bucks, maybe start with
- 1:14:03one or two micros and then I look to add
- 1:14:06into um
- 1:14:10I look to add into winners a lot
- 1:14:14and so the chop continues. So, I add
- 1:14:16into winners a lot on my live account.
- 1:14:19It depends what the goal is because
- 1:14:21sometimes I have um
- 1:14:24I have sub accounts with my broker AMP
- 1:14:28Futures for different purposes. Like
- 1:14:30sometimes
- 1:14:32there's like a like I'll have a live
- 1:14:34account where, you know, I'm trying to
- 1:14:36take uh
- 1:14:38take it like sometimes I'll just get a
- 1:14:40live account where I'll throw in a
- 1:14:41thousand bucks and the goal is just to
- 1:14:43flip it in like a couple days.
- 1:14:46I actually did that um
- 1:14:49recently
- 1:14:50because I don't know sometimes when I
- 1:14:52need to pay for something sometimes when
- 1:14:54I need to pay for something um I'll just
- 1:14:57be like you know let's just throw it
- 1:14:59into an an amp account and let's make
- 1:15:01the money for it real quick and then
- 1:15:03pull it out.
- 1:15:06So like I'm going to go do something
- 1:15:07this weekend with my brother and I'll
- 1:15:09probably have to drop like a,000 bucks.
- 1:15:10So,
- 1:15:12last week on like Thursday, I threw
- 1:15:14a,000 bucks into an AMP account and now
- 1:15:17it's sitting at $2,500.
- 1:15:19So, I'm probably just going to pull it
- 1:15:21out. This is one of my sub accounts.
- 1:15:25So, with that, you know, obviously I'm
- 1:15:27being pretty aggressive when it comes to
- 1:15:29risk man risk management, right? And
- 1:15:31then there's other accounts that I have,
- 1:15:33like for example, let's say I'm doing a
- 1:15:34competition with the Robins Cup like I
- 1:15:36was last month. Obviously, I'm going to
- 1:15:38have to be pretty aggressive with that,
- 1:15:40but I have live accounts that I trade
- 1:15:42normally, and usually I'm position
- 1:15:44building into it. What am I buying with
- 1:15:461K?
- 1:15:49My brother wanted a lar. So, me and him
- 1:15:51are going to go lar. We're gonna go lar
- 1:15:53around.
- 1:16:01Or like one time like like back in like
- 1:16:03I think the end of 2024
- 1:16:06I did like a $500 challenge where I was
- 1:16:08trying to grow it where I put 500 bucks
- 1:16:10in.
- 1:16:15I got that one up to 2500 and then
- 1:16:17[snorts] I took a I I tilted on
- 1:16:21that one.
- 1:16:24Live accounts are pretty fun though. But
- 1:16:26I will say if if you're not used to
- 1:16:27trading a live account [laughter] and
- 1:16:29you start trading a live account, you're
- 1:16:30going to be all nervous and uh
- 1:16:35you'll probably trade like an idiot.
- 1:16:38What mindset shift did you had have that
- 1:16:41made you start seeing uh results in
- 1:16:43trading when you were struggling?
- 1:16:46Well,
- 1:16:48I used to just
- 1:16:51Well, I used to I used to have no
- 1:16:52self-control, honestly.
- 1:16:54Like, if we're talking about like two,
- 1:16:56three years ago,
- 1:16:59I probably would be trying to trade this
- 1:17:01right now.
- 1:17:03And then every single time I lose, I I
- 1:17:05size up.
- 1:17:10So, um
- 1:17:13I just I care way more about how I trade
- 1:17:16rather than the result in terms of
- 1:17:18dollar amounts now,
- 1:17:20which
- 1:17:22you know, results of me taking less
- 1:17:24trades. Like, I'm sure you guys, you
- 1:17:26know, you've noticed that you can
- 1:17:28probably go hop on some other guy's live
- 1:17:29stream and he's probably taking like a
- 1:17:31ton of trades.
- 1:17:33I really don't care to take a lot of
- 1:17:35trades. I mean, last week there were
- 1:17:37days I didn't even take a trade, you
- 1:17:38know,
- 1:17:42Stratton Oakmont for for my broker. I'm
- 1:17:45using AMP AMP Futures. You know what's
- 1:17:48dope about AMP Futures? If you wanted to
- 1:17:50be a degenerate, not financial advice,
- 1:17:52they offer $300 margins on minis for NQ.
- 1:17:59Not saying I ever try to take advantage
- 1:18:01of that, but
- 1:18:04that's crazy.
- 1:18:08That is crazy. You can you can literally
- 1:18:10throw a,000 bucks in, just wait and slam
- 1:18:14two minis on a trade, and then just try
- 1:18:16and double your account. Obviously, mo
- 1:18:17more often than not, you're probably
- 1:18:18going to blow the account, but
- 1:18:21uh Ninja Trader, I think it's um
- 1:18:26I think it's a $1,000 margins for the
- 1:18:29minis. AMP futures, their $300 margin
- 1:18:32for minis is crazy. Usually it should be
- 1:18:34a thousand for most brokers unless
- 1:18:36you're using some some BS broker that's
- 1:18:39going to be like, "Oh, for, you know, a
- 1:18:41mini you got to for for the the day
- 1:18:44margin, like the intraday margin, you
- 1:18:46got to use uh 15k.
- 1:18:4815k for one mini."
- 1:18:51Yeah, right. Get away from me.
- 1:19:04>> [snorts]
- 1:19:07>> So, we'll sit here for a sec. But you
- 1:19:09know what? Um, chances are what this
- 1:19:12might be doing right now is, you know,
- 1:19:13we're compressing.
- 1:19:18We could probably be setting up for a
- 1:19:20decent move during uh maybe even lunch
- 1:19:23hour,
- 1:19:27but we're kind of right here. What I'm
- 1:19:30concerned about at this point is us
- 1:19:31basically
- 1:19:33getting stuck between the 800s
- 1:19:38and the 700s.
- 1:19:47right around this area.
- 1:19:52Schwab, you need 20k for a mini.
- 1:19:57I like to bank with Charles Schwab, but
- 1:20:01trading with them. Yeah, I don't know
- 1:20:03about that.
- 1:20:06I don't know about that.
- 1:20:09But if you guys ever want to know about
- 1:20:11like a solid bank account to get
- 1:20:15the Charles Schwab one is fire. They
- 1:20:18don't have any physical locations. They
- 1:20:20don't have any physical locations. You
- 1:20:22just like the cool thing is that they
- 1:20:25give you a card, right?
- 1:20:28Let me see if I have it.
- 1:20:32Bro, you guys want to see something
- 1:20:33crazy?
- 1:20:37Do you know what that is?
- 1:20:43Do you know what that is?
- 1:20:47That's the That's the day trading fund
- 1:20:49right there.
- 1:20:52Hold on. What was on the bottom of that?
- 1:20:56Oh, yeah. We're good.
- 1:20:59Library cards. Imagine I just linked my
- 1:21:03linked I just leaked my uh bank info to
- 1:21:06the stream. [laughter]
- 1:21:12No, we're good. On the bottom of it was
- 1:21:14a card that doesn't matter anymore. But
- 1:21:17um the Charles Schwab card, they don't
- 1:21:19have any physical location, so you can
- 1:21:21basically go to any ATM. It's no fees.
- 1:21:24No ATM fees, no um bank fees, no
- 1:21:28international fees, nothing. I lost my
- 1:21:31um I was in Bangkok and I lost my card
- 1:21:35and I called Charles Schwab and I'm like
- 1:21:37hey can you guys ship me a card and
- 1:21:39they're like where are you? I'm like I'm
- 1:21:41in Bangkok.
- 1:21:43They're like yeah it'll it'll be there
- 1:21:45tomorrow. I was like oh
- 1:21:48they're solid.
- 1:21:51They're solid. And when I when I'm in
- 1:21:54when I'm in this is the dopest thing.
- 1:21:56When I'm in a different country, I only
- 1:21:58use my Charles Schwab card and their
- 1:22:01ATMs will charge you like fees, right?
- 1:22:04But basically, every single month,
- 1:22:06Charles Schwab will take all the fees
- 1:22:07that the ATM charged,
- 1:22:10pay it back to you with interest. With
- 1:22:14interest for the month. Sick.
- 1:22:23Yeah. But I don't, just so you guys
- 1:22:24know, not affiliated with that. I just
- 1:22:26love their bank. They're cool.
- 1:22:31I mean, the interest is not going to be
- 1:22:33a lot. I mean, let's let's be real. It's
- 1:22:35like it's like some sense, but it's just
- 1:22:39kind of cool. It's just kind of cool.
- 1:22:51But yeah, anyways, for for Charles
- 1:22:52Schwab, no, I wouldn't trade with him,
- 1:22:54but
- 1:22:57they got a good They got a good debit
- 1:22:58card though.
- 1:23:09Um, my big trade settings.
- 1:23:12There you go.
- 1:23:14Cumulative
- 1:23:16Minimum volume 300. This is for MNQ
- 1:23:35sponsored with them. Nah, no
- 1:23:37affiliation. No affiliation with Mr.
- 1:23:40Schwab
- 1:23:42with Charles.
- 1:23:51Bro, this is so lame that New York does
- 1:23:53this. Dude,
- 1:23:56how am I supposed to make 15,000
- 1:23:58profits?
- 1:24:00How am I supposed to make 15K in profits
- 1:24:02with this BS?
- 1:24:06Yeah, I know. Crown. I was I was saying
- 1:24:08the same thing. I mean, my my um
- 1:24:12my outlook this morning, I mean, the ba
- 1:24:14the base expectation was kind of just
- 1:24:16like a rotational session.
- 1:24:19Although, it did overshoot where I
- 1:24:22thought we were going to bottom out, but
- 1:24:24it we just took uh Asia lows and then we
- 1:24:26came back up.
- 1:24:37Oh, well, if you're using NQ, this is
- 1:24:39not going to pop up because I'm using
- 1:24:40MNQ.
- 1:24:51Yeah.
- 1:24:57You know what? Let's start looking
- 1:24:58around, dude. Let's Let's go look at
- 1:25:00some other things here.
- 1:25:03What's lean hog doing?
- 1:25:21What's the cattle futures doing,
- 1:25:30dude? Cattle futures have been booming.
- 1:25:36[sighs and gasps]
- 1:25:39Let's take delivery. Let's Let's trade
- 1:25:41Let's trade the live uh cattle futures,
- 1:25:44but instead of instead [laughter]
- 1:25:46of uh let's just take delivery of the
- 1:25:49cows, bro.
- 1:25:54Gold is actually have has been moving
- 1:25:56pretty nicely looks like past few days.
- 1:26:06I haven't traded gold in a while.
- 1:26:09Probably since like March
- 1:26:29Bro, I don't know if you guys got to
- 1:26:30trade this. This was
- 1:26:34great time. Great time to trade gold.
- 1:26:39CME open. Buy it. Pull back. Buy it
- 1:26:46higher.
- 1:26:50Same with silver. I was trading silver
- 1:26:52during that time, too. That was crazy.
- 1:27:04All
- 1:27:16right, let's see if this 15-minute opens
- 1:27:18up and does anything. If it doesn't do
- 1:27:19anything, I'm just going to call it a
- 1:27:21day, unfortunately. But hopefully we
- 1:27:23start moving a little bit.
- 1:28:39Uh Mike, it should update on the
- 1:28:42dashboard
- 1:28:44on their website.
- 1:29:29Um, I don't know how you're scalping,
- 1:29:30but they definitely have commissions and
- 1:29:32fees.
- 1:29:34How old am I?
- 1:29:3913.
- 1:29:43I actually have school starting next
- 1:29:45week
- 1:29:48going into the seventh grade.
- 1:30:0313 in dog ears.
- 1:30:11In dog ears, I'm like 2 years old.
- 1:30:15Wait, no. No, that would be 14 years
- 1:30:19old, right?
- 1:30:22I'm 26.
- 1:30:25Do you trade in school?
- 1:30:31Yeah. Yes, Ricky. Yes, 100%. They're
- 1:30:36just random.
- 1:30:56See, the thing is is like I'm sitting
- 1:30:58here, okay, and I and I kind of want to
- 1:31:00you just stop trading, but I know the
- 1:31:04moment I get off stream, we're going to
- 1:31:06start moving. This feels like one of
- 1:31:08those days. The moment I shut down the
- 1:31:11stream,
- 1:31:13we're going to go somewhere.
- 1:31:24The market is rigged. So why order flow
- 1:31:27should work though? Rig by who?
- 1:31:33What do you mean?
- 1:31:42Who's rigging it?
- 1:31:59Oh man, it's it's the man.
- 1:32:02The man is [laughter]
- 1:32:08Oh, dude. I love it. I love it. You know
- 1:32:12what? I like that.
- 1:32:15I like that. You know what? It's not my
- 1:32:18fault. It's not my fault.
- 1:32:22There's got to be some There's got to be
- 1:32:24somebody we could blame this on.
- 1:32:30There's got to be somebody we can blame
- 1:32:32this on. I refuse
- 1:32:34to take responsibility for this.
- 1:32:38Tier one and tier 2 institutions.
- 1:32:41Okay. Well, I need to understand what
- 1:32:42your definition of rigged is.
- 1:32:45And if you're asking about order flow,
- 1:32:49it's literally just data. This is
- 1:32:51showing what was executed on the CME
- 1:32:53book,
- 1:32:55right? This for for NQ CME.
- 1:32:59This is showing orders that are sitting
- 1:33:01here. A lot of it's algorithmic.
- 1:33:03A lot of it gets added and canceled out.
- 1:33:05Yes, some of them do get filled.
- 1:33:08Some of them get spoofed. Blah blah blah
- 1:33:10blah blah.
- 1:33:12You know what I mean?
- 1:33:15But
- 1:33:18anybody [clears throat] who believes
- 1:33:19that
- 1:33:24anybody who believes that like
- 1:33:26institutions
- 1:33:29are out here targeting retail traders
- 1:33:31the way that they describe,
- 1:33:34either you haven't been trading that
- 1:33:36long
- 1:33:39or
- 1:33:41you've been brainwashed.
- 1:33:43The easiest thing to do in life for
- 1:33:45anything
- 1:33:47is blame somebody.
- 1:33:58And actually, majority of retail
- 1:34:00nowadays is not even we don't even
- 1:34:02exist. We're playing we're playing in a
- 1:34:05we're just a bunch of paper traders.
- 1:34:08Dirty paper traders. [laughter]
- 1:34:12We're just a bunch of old dirty paper
- 1:34:13traders.
- 1:34:20Except for me. I trade a live account. I
- 1:34:22trade a live account, too.
- 1:34:25So sometimes sometimes I actually exist
- 1:34:28on the book sometimes.
- 1:34:38Do I believe in the efficient market
- 1:34:40theory meaning that the market is
- 1:34:41efficient 100% of the time? No. Is it
- 1:34:46major majority efficient? Sure. Are
- 1:34:49there temporary moments of inefficiency?
- 1:34:52Absolutely.
- 1:34:54Absolutely.
- 1:35:06Are we going to get out of here? Is this
- 1:35:08it?
- 1:35:31Yeah, if we're talking about like the
- 1:35:33major indices, they are pretty
- 1:35:35efficient. But the idea that it's 100%
- 1:35:40efficient all the time is just not true.
- 1:35:42It's just not.
- 1:35:53All right. So, this this could be it.
- 1:35:55This could be it if we hold above this.
- 1:36:09If this fails here
- 1:36:12and we come back into here.
- 1:36:20That would suck.
- 1:36:29I I trade gold too sometimes. But yeah,
- 1:36:33honestly, this is my cut off time. I'm
- 1:36:34done. Okay, I'm going to um
- 1:36:38I'm going to depart from you YouTube.
- 1:36:42Yeah, I'll come back. Asia session
- 1:36:45YouTube,
- 1:36:46it was it was nice this morning.
- 1:36:50It was nice talking to you guys,
- 1:36:54but
- 1:36:57it's time for us to depart.
- 1:37:00If you would like to join this giveaway
- 1:37:01that I'm about to do, I know I say this
- 1:37:03every single day. I'm gonna stop saying
- 1:37:06it and then it'll just be like a secret
- 1:37:08giveaway.
- 1:37:10Go ahead and join the Discord. All
- 1:37:12right, I'll catch you guys tomorrow. See
- 1:37:16you later.
About this transcript
This page contains the full transcript of ๐ด Live NQ Futures Trading | Order Flow & Prop Firms by Christopher Creamer | Orderflow Trader, generated from the public captions YouTube serves with the video. The transcript has 6,917 words across 1,165 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
What you can do with it
Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.
Free YouTube transcript tool
YouTube2Text is a free YouTube transcript generator โ no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.