๐ด Live NQ Futures Trading | Order Flow & Prop Firms โ Transcript
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- 0:28All right.
- 0:29So today
- 0:34we may see 30,000 on NQ
- 1:15Hold on. I got to set this up real quick
- 1:17my screen
- 1:24and then I'll talk about what I'm
- 1:26looking at in a second. Just give me a
- 1:28sec.
- 1:59All right. So today
- 2:06I'm kind of imagining that we actually
- 2:08head up here this morning to go test um
- 2:1230,000 on NQ. So, in the event that we
- 2:20come down and we see uh sustained
- 2:22selling pressure kind of pass this area,
- 2:24then we may actually be coming down here
- 2:26to test or even potentially fill the new
- 2:29week opening gap. Um, I would be
- 2:32surprised if we fully fill it,
- 2:35but it's possible.
- 2:38But there is a pretty good chance that
- 2:40we actually just
- 2:42continue this push up into price
- 2:45discovery past 30,000. And there is a
- 2:48level above 30,000, right at 30,65
- 2:54that I'm going to potentially be
- 2:56watching for. So,
- 3:02We'll see what happens here at the open.
- 3:06We'll see if we can catch an
- 3:08opportunity. I'm more leaning towards
- 3:10longs though.
- 3:14>> Leaning towards longs, but understanding
- 3:17that we are struggling to get past this
- 3:20uh 30,000
- 3:23mark on
- 3:26NQ.
- 3:39So, I have a Lucid
- 3:42I have a Lucid account that's currently
- 3:46I have a funded Lucid account and then I
- 3:48also have this uh Eval, but I have
- 3:52accounts on Alpha Trader, but it's
- 3:54currently down for like maintenance
- 3:57right now. So, can't trade those. I have
- 4:00a funded account on there, but I can't
- 4:01really trade. And some evals that are
- 4:03like halfway done.
- 4:55All right.
- 5:07I may have to if we push up. I'm going
- 5:08to have to adjust this fib.
- 5:36So, we'll see what happens. I'll
- 5:37probably start off by trying to trade
- 5:39the funded account. I'm going to use
- 5:40some pretty small size though,
- 5:45by just like four micros, four to five
- 5:48micros
- 5:50depending on how volatile we get at the
- 5:52open.
- 6:01>> [snorts]
- 6:17>> Alazar. Today we are currently um here
- 6:22let me show you
- 6:27for zero DT we're currently sitting
- 6:29above the call wall. So this is a pretty
- 6:32key area as well. It's kind of like a
- 6:34strong stack level. I'm watching 28960.
- 6:37I would like us to stay above it. Um in
- 6:40the I'm also looking at the one DTE call
- 6:42wall though. So, usually I pay attention
- 6:45to only zero DTE, but because of the
- 6:49profile that we have today and we're
- 6:51opening above the call wall, I am
- 6:52watching this 30,65 level from the 1DTE.
- 6:57It's a very large uh gamma node,
- 6:59positive gamma node with a lot of volume
- 7:01sitting here. It also has the net call
- 7:03open interest and call open interest.
- 7:04So, it could potentially be the draw for
- 7:06today. If we do go to the upside, I will
- 7:08be watching for us to potentially break
- 7:11past 30,000 and come up to 30,65.
- 7:15But for now, if we begin to drop down
- 7:19like we're curling over a little bit, I
- 7:21am paying attention to this area. In the
- 7:24event that we begin to push lower, um
- 7:27there is the possibility that we
- 7:30actually rotate back towards the HBL. So
- 7:35I am
- 7:37watching what happens here.
- 7:41Um
- 7:44pullback opportunities will potentially
- 7:47be for longs unless we start really
- 7:52pushing further below this area. Then at
- 7:54that point the eyes are then adjusting
- 7:57or we're watching for potentially the
- 8:00new weak opening gap.
- 8:03But I would be pretty surprised if we
- 8:04actually ended up filling the entire
- 8:06gap. We may just tap into it to the 25%
- 8:09or 50% of it if that were to happen.
- 8:13Um, but I would prefer honestly to go
- 8:15long and hold a long position for 30,000
- 8:19because
- 8:21on the higher time frames, we are
- 8:23definitely bullish, right?
- 8:26So, a better a better trade for me to
- 8:29take this morning would be to wait for a
- 8:31pullback, go long, and hold it to 30K.
- 8:35It's basically what I'm looking at this
- 8:37morning.
- 8:39So, we got 30 seconds till market open.
- 8:41We're dropping down a little bit. We're
- 8:42going to see what the opening
- 8:46does for us here.
- 8:56I also adjusted the driver for a task to
- 9:01be connected to the high performance
- 9:02driver. So hopefully it doesn't freeze
- 9:04up on me like it was the other days.
- 9:06Maybe that fixed it, but
- 9:09we shall see.
- 9:29Oh, it's definitely freezing on me.
- 9:37In the event that we just push up right
- 9:39here and we just run straight to 30K
- 9:42all-time high and then push into 3065,
- 9:46uh I may not take a trade.
- 9:51But if if we dip down, if we take these
- 9:54lows
- 9:56sitting here coming into discount of the
- 9:58current range, which I have to adjust
- 10:00right now because we just put in another
- 10:01high, I'll be watching this area.
- 10:26But I'm going to be a little bit more
- 10:27careful today. Um,
- 10:30and I'll probably be pretty hands off
- 10:32once we get past 30K.
- 10:35It's kind of my main target. It's a
- 10:38major psychological level.
- 10:40>> 30,000 for NQ. Crazy.
- 10:47Yeah, of course. Alazar,
- 10:50glad it helps.
- 10:57I am going to see it also once we kind
- 10:59of push back towards uh the call wall
- 11:01right now.
- 11:04for zero DT expirations. I'm going to
- 11:07see what we do.
- 11:10>> Yeah, last year it was like 17K after
- 11:13the drop from the tariffs.
- 11:18>> When I first started trading
- 11:20NQ,
- 11:22it was like 11,000 or something.
- 11:27Sellers are struggling a little bit to
- 11:29push lower, but I'm going to wait.
- 11:46How large is this right now?
- 11:49Not too big. 50 points.
- 11:59You know, I need to add the ATR.
- 12:03Whoops. Not that.
- 12:16>> Yeah, you never know. You know, we can
- 12:17go to 50K in a couple years for sure.
- 12:21Just keep going up.
- 12:39So, we're pushing back into this area at
- 12:4129860, which I'm currently watching for
- 12:44right now. I'm trying to see if we're
- 12:46going to really start pushing below it,
- 12:49and then I'll be watching down here. But
- 12:52if we start rejecting off of it and we
- 12:55start pushing higher, there may be an
- 12:57opportunity to just chase the momentum.
- 13:00Not necessarily chase it, but follow the
- 13:01momentum
- 13:03higher. Although
- 13:08we do need to potentially be prepared
- 13:10for the scenario where we don't actually
- 13:12come up to 30,000 which is you know once
- 13:15we get down here if we start accepting
- 13:16lower at that point any type of long
- 13:19position for me for the morning is
- 13:20probably off the table
- 13:24but I am leaning towards looking for
- 13:26potential longs which we may just like
- 13:28have this sell off
- 13:31you know it could be 200 points 250
- 13:34points points. But
- 13:38whenever we're up here and higher time
- 13:39frame is bullish, I'm kind of less
- 13:42likely to try and short it.
- 13:48I would rather wait for a pullback to
- 13:50try and go long
- 13:54and if it doesn't happen, then it
- 13:56doesn't happen. You know what I mean?
- 14:01>> [snorts]
- 14:12[snorts]
- 14:22>> So, as we continue to push down, I'm
- 14:24watching to see us basically
- 14:28take these lows coming into
- 14:32between 29800 and 29760.
- 14:36And then if there's any type of
- 14:37responsive buying activity,
- 14:40I may try and go long.
- 14:43But if there is none, then we'll just
- 14:45let it drop and I may not take a trade
- 14:48today
- 14:51because I won't really want to take any
- 14:53type of shorts unless we start getting
- 14:55down here and it'll probably just be a
- 14:56scalp if we have a lot of momentum.
- 15:44Thanks, Cosmic. Yeah, I do use heat map.
- 15:47I have a heat map up on the other side
- 15:49of the screen, but there's also one
- 15:51sitting right here.
- 16:11Dude, I hope they fix Alpha Trader
- 16:14pretty soon so that I can trade my Funed
- 16:17account on there. And the other Eval I
- 16:19need to finish.
- 16:21There's two like two or three Evals on
- 16:23there I need to finish. Like halfway
- 16:25done.
- 17:05In the event that we don't actually get
- 17:07down here, we don't take this out
- 17:11um and we don't come into the dis into
- 17:14discount of this current range, then
- 17:18we start popping back up. I may wait for
- 17:20us to get all the way back up here and
- 17:22then really confirm that we're pushing
- 17:24towards 30K. Wait for a potential
- 17:26pullback and then just try and capture
- 17:28like 50 points.
- 17:35But I got to wait. I got to wait in this
- 17:37area. Even though we see sellers kind of
- 17:40getting absorbed right here, they were
- 17:42struggling to push lower.
- 17:44I just it's not good location for me to
- 17:47try it.
- 17:49For me at least.
- 18:19I'm also making sure that on that we
- 18:23don't get just like pinned around here.
- 18:25Meaning that we just start like chopping
- 18:27around this area for a little bit.
- 18:30You know, for the past month or month
- 18:32and a half or even two months, I'm just
- 18:35extra cautious or suspicious
- 18:39about
- 18:42NQ New York open kind of chopping
- 18:54especially when we're like near all-time
- 18:56highs because
- 18:58last time we were making our run in
- 19:00price discovery before we actually
- 19:01dipped down and then ran back up again.
- 19:04Um near all-time high, what would happen
- 19:06a lot of the times is like we would chop
- 19:08close to the open and then we would just
- 19:10like make this like slower grind up or
- 19:13break out towards the upside a little
- 19:15bit later after
- 19:17you know, maybe the new 4 hour open. So,
- 19:20I just got to make sure
- 19:24I don't get caught in that. This may be
- 19:26coming up, but I'm going to wait. I'm
- 19:28not going [clears throat] to try and
- 19:29take any longs down here yet.
- 19:32I would like us to get back up here.
- 19:35Sellers try and step in again and fail
- 19:37and then we we curl back up to the
- 19:40upside and go long.
- 19:48So something like this, right? Come
- 19:50down. Sellers getting absorbed. Buyers
- 19:53begin to push back up. Sellers try and
- 19:55step in again. They fail. And then at
- 19:58this point, I would be looking for us to
- 20:01just try and capture like
- 20:04anywhere from 50 to 100 points. 50 to
- 20:07100 points for the day is good enough
- 20:08for me, honestly.
- 20:12Whoops.
- 20:26It's something you love.
- 21:01That wick on the 15 minute is nasty.
- 21:06Looks like we're probably going to hit
- 21:0830,000 today if this continues.
- 21:11So, let's see if we can ride the train.
- 21:14Just got to wait for the opportunity.
- 21:25>> Dude, this shit's frozen. It's like
- 21:28every time during New York open, it
- 21:29freezes.
- 21:33It's got to be my computer or something.
- 21:36If that's not happened to other people,
- 22:00it.
- 22:15You are
- 22:22There is a chance though that
- 22:25depending on how this five minute
- 22:26closes, I'll I might
- 22:30look for us to have the next fivem
- 22:33minute retrace and when it flips
- 22:34bullish, I might just follow it.
- 22:41So now that we're up here, I'm looking
- 22:43to basically see this candle close.
- 22:47I want to see sellers try and make an
- 22:50attempt to push it back down and fail.
- 22:53And then we're going to go long
- 23:44What up, T-Rex?
- 23:57So, this is a pretty strong close for
- 23:59this five minute. So,
- 24:02we'll see how the the next five minute
- 24:06forms.
- 24:09I prefer us to immediately start pushing
- 24:11back if I'm going to go long on this
- 24:13candle.
- 24:15Otherwise, I just have to wait.
- 24:22But this might this might honestly just
- 24:24go straight to 30k
- 24:28without offering an entry for me. But
- 24:30that's all right.
- 25:07Yeah, we're probably just going straight
- 25:09there.
- 25:11unfortunate, but
- 25:15you know, like I can't I can't just like
- 25:18get FOMO and try and chase it. Even
- 25:21though the idea was pullbacks, should
- 25:24have been looking for longs targeting
- 25:2730K.
- 25:30Just
- 25:32didn't make didn't have the uh
- 25:37opportunity for an entry that I was
- 25:39looking for.
- 25:40So, if we come up and we break 30K,
- 25:42okay, at that point, I'm watching for us
- 25:46to potentially just continue up to
- 25:4830,65,
- 25:56but there is the potential opportunity
- 25:58where
- 26:02we may not get may not get an entry and
- 26:05then we'll just call it a no trade
- 26:07session.
- 26:12Let me try and move this for you guys.
- 26:22Dude, it's frozen.
- 26:37Here,
- 26:42I'm gonna just close this for a second
- 26:57and then I'll just have to open it back
- 26:59up.
- 27:04Dude, what a pain in the butt.
- 27:22Yeah, if we do get a if we do get like a
- 27:24pullback or a retest of this area,
- 27:28that would be probably the only
- 27:29opportunity for me to try and take a
- 27:31long if an entry
- 27:34presents itself. off.
- 27:49Otherwise, we may just continue shooting
- 27:51up.
- 28:07We have all these orders sitting here
- 28:14>> at 30,000.
- 28:41I just didn't really want to go short
- 28:43right here or I didn't want to go long
- 28:45right here before we I just felt like it
- 28:48was too high. I thought we were going to
- 28:49pull back just a little bit more.
- 29:27So hopefully we pull back before we take
- 29:30it. But
- 29:32I mean, we were struggling up here
- 29:34during the overnight and yesterday or
- 29:37during yesterday. So we may just kind of
- 29:40shoot through it. I hope we pull back
- 29:41though.
- 29:43>> And then curl back up.
- 29:51I would be pretty surprised though if we
- 29:54came all the way up here and then
- 29:55dropped like all the way back down.
- 30:20So, if we do pull back, there is an area
- 30:22within this candle that I can't show you
- 30:24right now, but there's a low volume node
- 30:26sitting right here with a stack or a
- 30:27cluster of imbalances that I might watch
- 30:30for a reaction off of
- 30:34right around this area.
- 30:36or I'm watching two areas. This PC, but
- 30:39also this area.
- 30:42If it never actually gets down there and
- 30:44it just rips up, then it is what it is.
- 32:31See if we could get pull back deeper.
- 33:21All right, I'm actually going to um
- 33:25I went in two micros. though I'm going
- 33:28to have a massive stop
- 33:31and I'm going to actually add if we
- 33:33begin to start pushing back up into 30k
- 33:38[snorts]
- 33:42but I have to go a small size because if
- 33:44we actually go a little lower I'm going
- 33:46to add into it but
- 33:50this is probably like
- 33:54my target for the day is basically 30K.
- 33:56So, the moment that we actually get up
- 33:58to 30K,
- 34:01I kind of don't really want to trade
- 34:03anymore and I want to just wait. So, if
- 34:06I could just like go to micros,
- 34:09I'm willing to add into it and then move
- 34:12my stop
- 34:14and potentially even take a negative
- 34:16risk-reward trade.
- 34:31We were just pretty aggressive here
- 34:32trying to push and then we started to
- 34:34fail. So, we'll see if it wants to go
- 34:36lower. In the event that we do go lower
- 34:38on this 5m minute
- 34:40like down into this area, I might
- 34:42actually add into it, but
- 34:46I'll only go in like four micros. I have
- 34:49a huge stop right now. That's like 300
- 34:52ticks.
- 35:50But um I may try and hold it for
- 35:55depending on what happens after we take
- 35:5730k. After we take 30k, I may actually
- 36:01just leave this at two micros and I may
- 36:04just move to break even and then try and
- 36:06hold it for
- 36:0830,65
- 36:12if we're going to continue pushing up.
- 36:15>> And it would be like
- 36:18I don't know 100 points, 120 points if
- 36:22we can actually get up there.
- 36:24But we'll see what happens. um if we can
- 36:27actually break past this area and take
- 36:30the orders at 30,000.
- 36:34But the moment that we do take 30,000, I
- 36:36have to go break even.
- 36:52All
- 37:04right, let's see if we blast through
- 37:05this these orders.
- 37:38Man, we are struggling to break 30,000.
- 38:24All
- 38:49right, I'm going just drop my stop right
- 38:50here and I'm just going to let it run.
- 38:52I'm going to try and take it up to uh
- 38:54either break even or like
- 39:0064. Take it to 64. So it' be 474 ticks.
- 39:04I'm only into micros.
- 39:07I am going to start trailing stop. Um
- 39:13once we start approaching kind of
- 39:16actually where we're at right now, I'm
- 39:18going wait for this um candle to
- 39:21potentially put in a low and then if we
- 39:24make another push up, I'm going to trail
- 39:25it right behind it.
- 39:30Unless we just take 30,000 right now and
- 39:32we swept these highs and we're about to
- 39:35start slamming back down, which would be
- 39:36unfortunate, but
- 39:39it is what it is.
- 39:42So far, it went like even though it's
- 39:45two micros, we went like 300 ticks and
- 39:48profit for a second,
- 39:51but we'll hold it. I want to see it stay
- 39:53above this uh PC. Let me see if I can
- 39:56move my chart a little bit.
- 40:15So, if we get another push up or a
- 40:16strong push up,
- 40:19I'll um
- 40:22trail trail stop right below this fivem
- 40:24minute candle. I just want to see
- 40:25another like push
- 40:28and then we'll try and lock in like a
- 40:32at least a winning day for the account.
- 40:35This is the funded account so
- 40:49we need to see it continue. I don't want
- 40:51to see it snap back.
- 41:02because it's also the new hourly candle
- 41:04right now on the 4 hour.
- 41:06So we go look right
- 41:10new hourly
- 41:12as well as the new 4 hour.
- 41:15So when we trail it to the bottom of
- 41:17this candle, we'd actually be trailing
- 41:18it to the bottom of the 1 hour and the 4
- 41:20hour.
- 41:23I just need it to get away from here
- 41:24first. It needs to like push above and
- 41:26potentially take the orders that are
- 41:27sitting in this area
- 41:31or it might just come back, you know,
- 41:35200 ticks. But it's all right.
- 41:39I would rather hold it than just try and
- 41:41get out right here.
- 42:04It's not looking too good though, I'll
- 42:06tell you that.
- 42:22gave up on tops up. No, I'm just I got
- 42:24some Lucid accounts.
- 42:28Anytime anytime any other firms are
- 42:30running promos at this point, I'm using
- 42:32them because like
- 42:34what's the difference, you know? Like
- 42:36they don't they don't even offer the 5k
- 42:38payout cap anymore. So, if they're going
- 42:40to charge $95 for an account and it's
- 42:44the same rules as like Lucid or a
- 42:45different account, I might as well just
- 42:47go with whichever one's cheaper, right?
- 43:09He has a special code with them.
- 43:26>> Chino, did you get out at 30K? Because
- 43:29that was realistically the target. I
- 43:31just got like a late entry. So, and I'm
- 43:33only in two micers, so I'm trying to
- 43:34hold it.
- 43:38>> I'm willing I'm willing to accept the
- 43:40break even and then just call it a
- 43:42session
- 43:44cuz at that point, the plan would have
- 43:46played out. The plan was for us to hit
- 43:4830K and we just did. So, whatever
- 43:51happens after this is kind of just like
- 43:54either we slam back down after taking
- 43:57the highs and punching into 30K
- 44:02or we continue our way up towards 30,65
- 44:05which would be ideal because I'm in a
- 44:07long position. But
- 44:09it's really not good how this fiveminute
- 44:11candle closed.
- 44:16>> [singing]
- 44:28>> Okay, I'll check it out. Thanks for
- 44:30letting me know.
- 44:56See like this
- 44:59is not a good sign. We have high stacked
- 45:02here. We just took a psychological level
- 45:04at level out that had a cluster of
- 45:07orders
- 45:09and we're failing to continue pressure
- 45:11to the upside.
- 45:13It's a pretty good chance we actually
- 45:15come back to the break even.
- 45:21But if we don't and we just kind of
- 45:24stall here for a moment before we
- 45:26continue,
- 45:29then this is the only opportunity
- 45:32[music] of the morning for me. So, I
- 45:34might as well just try and hold it.
- 45:37And it's not like I'm floating a crazy
- 45:39amount of profit, right? Because like
- 45:43I'm in two micros, so
- 45:50we'll just let her ride.
- 45:55[snorts]
- 46:02The only thing I have a level that's
- 46:04sitting here between
- 46:08>> 85
- 46:10and 71,
- 46:20which at this point is the only thing
- 46:21that's potentially saving me.
- 46:25If we push up past these highs, I'm
- 46:26trailing stop below this these candles.
- 46:34Or actually, I don't know. I got to see
- 46:36how much that would be because if it's
- 46:38not even going to make it a winning day,
- 46:39then what's the point actually?
- 46:42[snorts]
- 46:52I only went in two Dame because I was
- 46:56going to see if we were going to dip
- 46:57down harder and I was actually going to
- 46:59add in more contracts around this area,
- 47:01but I h I just I had a feeling it wasn't
- 47:05going to get down here because we
- 47:07[clears throat] had a lot of selling
- 47:08pressure coming in right here and we
- 47:10weren't actually pushing lower. So,
- 47:13I didn't want to just like let it go
- 47:15without me. So, I entered into micros
- 47:18because I said I was watching this PC on
- 47:21this candle as well as this low volume
- 47:22node.
- 47:24So, when it started bouncing up, I threw
- 47:26on two micros. In the event that we came
- 47:29down further, I would have added another
- 47:30two micros to make it four. But I mean
- 47:35there is the opportunity that you know
- 47:37it continues up to our target at 65 64
- 47:42and it'd be 120 points
- 47:45which even with two micros it's like
- 47:50still like 400 bucks. So
- 47:54yeah I am using the new uh heat map.
- 47:57It's on my other screen.
- 48:06Yeah, it rejected pretty hard and just
- 48:08uh continued up
- 48:11because the original plan this morning
- 48:13was realistically the main target was
- 48:1530,000 and then we may we may
- 48:18potentially see us continue up to 360 or
- 48:2030,65 but
- 48:24it is slightly
- 48:27concerning that once we take you know
- 48:2930,000 We're kind of struggling to push
- 48:32higher, but
- 48:38we'll just see what happens. We're
- 48:40already in. We're already at break even.
- 48:46Either we'll be up uh like 40 bucks
- 48:53on the day or we'll be up 400 on the
- 48:55day.
- 49:02It's not too bad. Could be worse.
- 49:13Yeah, I'm looking to see if we punch
- 49:14above these highs, start taking some of
- 49:16these orders, then I'm going to begin to
- 49:18trail the stop.
- 49:24And I'll probably I'll probably trail it
- 49:26kind of tight if we do start punching
- 49:28up. I'll probably trail it to the open
- 49:29of this uh five minute.
- 49:38Although the moment that we took 30,000,
- 49:40if you look at this, volume is starting
- 49:42to taper off. So hopefully we
- 49:46re-engage,
- 49:48kick back into high gear here, push
- 49:50higher.
- 50:18Just in case we spike above it and slam
- 50:20down, I'm going to be ready to drop it
- 50:22right here. If we get a little pump up
- 50:28to take some of those orders. There's a
- 50:29bunch of orders clustering right there.
- 50:32You guys can see it on my chart here.
- 50:34Let me move this back for a second.
- 50:37Right around here. It's got to get
- 50:40through all of that. And it's
- 50:42struggling.
- 51:19You are awesome.
- 51:35You are
- 51:40you are
- 51:45you are
- 51:50you are
- 51:56you
- 52:23Oh my goodness. Is this just going to
- 52:25stop right here? Volume just dies out.
- 52:32At least I go up a little bit so I could
- 52:34throw my stop
- 52:36so it wasn't just total waste of time.
- 53:10But
- 53:13oh, whoops.
- 53:18Oh, you just called the market makers.
- 53:20Oh, your call's working.
- 53:24Come on, just pop above the highs.
- 53:51All right, I'm going to drop it right
- 53:52here.
- 53:55So, we locked in a winning day.
- 53:56Regardless, we'll either be up like 240
- 54:00or 4 actually almost 500
- 54:05490.
- 54:08>> So, we'll see if we can get the
- 54:09continuation and see if we can get our
- 54:13120 points or if it's going to snap back
- 54:19>> or if we're really a savage, should we
- 54:21add should we [clears throat] add in an
- 54:23order right here to add? Nah.
- 54:29I'll just take the winning day
- 54:33>> for the first day of this Lucid account.
- 54:50>> The only thing I'm looking at right now
- 54:51too is this. We're in one of my
- 54:55zones,
- 55:03>> which is why I wanted to move it. Move
- 55:05this stop.
- 55:30or do we add?
- 55:33Is this the ad?
- 55:35Might have been the ad.
- 55:38Maybe not.
- 55:48The only reason why I'm not adding
- 55:49though, I kind of wanted to add, but I
- 55:52just know that if I add, it may make it
- 55:54so that my stop where it's at is going
- 55:58to be
- 56:00not enough profit to I want to at least
- 56:04make like 200 bucks. You know what I
- 56:06mean?
- 56:07Lucid is 150 $150 for a day, right? Or
- 56:11is it 200?
- 56:26Cool. Oh, congrats on the payout, Chris.
- 56:28You've been killing it recently.
- 56:42What up, Mitchell?
- 57:31Come on. We're really not that far away.
- 57:32Just like another 100 ticks.
- 57:50All right. I'm I'm going to trail it.
- 57:52I'm trailing it.
- 58:22So, we're almost at 100 points.
- 58:36Almost at 100 points. We got some orders
- 58:38sitting here at 30,50.
- 58:43Few ticks away.
- 58:50You know, you could sit here and you
- 58:52could be like, oh, you know, we should
- 58:53have taken this full size. But you know
- 58:56what? At the end of the day, we we move
- 58:59around enough um
- 59:02where you can really, you know, build an
- 59:04account with two micros. It's
- 59:08I mean, yeah, we could sit here and be
- 59:10like, "Oh, well, if I was in a mini, you
- 59:12know, could have been two grand, but who
- 59:14cares, dude?
- 59:18Could have also been a big loss.
- 59:27The moment that this candle flips
- 59:28bullish, I'm trailing right below the
- 59:30wick of it.
- 59:32I like it to stay above the PC.
- 59:39All right, so we locked in 100 points.
- 59:41It's either 120 points or 100 points.
- 59:49Oh, we're right there. Come on.
- 59:52Should we just exit? Nah, let's hold it.
- 1:00:01I was trying to The real level is 365. I
- 1:00:04was trying to front run it by like a
- 1:00:06point.
- 1:00:11Maybe I should have front front ran it
- 1:00:14by two points.
- 1:00:28All right. It's all right. Oh. Oh, I
- 1:00:31thought that was going to take me out.
- 1:00:33Oh, it is going to take me out.
- 1:00:36All right. So, we have locked in.
- 1:00:45Entry is a little off. basically it was
- 1:00:47like 100 points.
- 1:00:50So
- 1:00:53um are those intra candle PC's on the
- 1:00:55footprint? Yeah. So these there's a PC
- 1:00:58for every single candle on the
- 1:01:00footprint.
- 1:01:03This 365 area I was kind of
- 1:01:07um what's it called?
- 1:01:10This uh 365 area I was watching for us
- 1:01:13to potentially
- 1:01:17draw to based off of gamma for not the
- 1:01:20zero DTE, the one DTE because we were
- 1:01:23already above the call wall and the zero
- 1:01:24DTE.
- 1:01:26The reason why I took that trade,
- 1:01:28Mitchell, is because
- 1:01:31my plan this morning or kind of what I
- 1:01:33wanted to see us do was
- 1:01:36um I wanted us to come up to 30,000,
- 1:01:40right? I wanted us to break 30,000. My
- 1:01:42eyes were set on 30,000. So, I was when
- 1:01:45we begin to pull back, I actually wanted
- 1:01:48us to take these lows first and come
- 1:01:50into this area and then I would have
- 1:01:52been more inclined to try and take a
- 1:01:54long position. I did notice that in this
- 1:01:56area, sellers were getting absorbed. So,
- 1:01:58if we like go down here, we were
- 1:02:01watching sellers attempt to push lower
- 1:02:02and they were really failing in this
- 1:02:04area. But when this was happening, I
- 1:02:07didn't really want to take it because
- 1:02:11the location wasn't wasn't like
- 1:02:15it didn't make a lot of sense for me. It
- 1:02:17was right before these lows and we were
- 1:02:20still kind of higher up here in this
- 1:02:22active range. So, I basically mentioned
- 1:02:25to the chat like if we pop back up then
- 1:02:29I'll be waiting for sellers to try and
- 1:02:30step in and fail and if they fail then
- 1:02:33I'm going to go long. Right? So, we sat
- 1:02:34here, we sat here, we waited. At this
- 1:02:37point, I actually kind of thought that
- 1:02:39we were going to potentially just run up
- 1:02:42and I was just saying like, you know,
- 1:02:44there's a pretty good chance today might
- 1:02:46not even take a trade if that's going to
- 1:02:47be the case if we take out 30,000.
- 1:02:50But then we had this candle step in. So,
- 1:02:54this bearish candle right here
- 1:02:58when it was retracing, I was watching
- 1:02:59two areas on the on this candle that
- 1:03:02pushed up.
- 1:03:04I was watching the PC of this candle,
- 1:03:06which is sitting right here. Mother,
- 1:03:12it was sitting right there. You could
- 1:03:14see it. The PC, the little yellow box. I
- 1:03:16was watching that and then I was
- 1:03:17watching this low volume node that's
- 1:03:19sitting in the middle of the candle.
- 1:03:22I wanted us I was actually going to go
- 1:03:24in five micros. Um
- 1:03:28I was watching us come down lower. We
- 1:03:31were pretty aggressive with the selling,
- 1:03:33but they began to stall out right around
- 1:03:35the PC and when we started snapping back
- 1:03:37up, I got in with like only two micros
- 1:03:40because
- 1:03:42I didn't want to go full size. It would
- 1:03:44have required I had a pretty large stop
- 1:03:45loss. So initially my stop loss, this is
- 1:03:49not accurate by the way. My stop loss
- 1:03:51was like this.
- 1:03:53So this was like a uh a one to one,
- 1:03:57right? Because in the event that we did
- 1:03:59get down here, then my entry would have
- 1:04:00changed to being about here.
- 1:04:04If I were to have added down here where
- 1:04:06I was waiting, but we never got there.
- 1:04:09So
- 1:04:10instead, we just pushed up. So at this
- 1:04:12point,
- 1:04:15I hope that makes sense on why I went
- 1:04:16long. And I'm looking at the reason why
- 1:04:18I'm looking at 30,000 uh65
- 1:04:22is because when it comes to um
- 1:04:28I was looking at the 1DTE.
- 1:04:30So we had net call open interest call
- 1:04:33open interest um is a pretty stacked
- 1:04:35level with a large positive node sitting
- 1:04:38here. So in the event that we broke 30K
- 1:04:42and we held above 30K then I was
- 1:04:44imagining that this would be the draw.
- 1:04:46It might have it might be like a slower
- 1:04:48move up to take it, but we went to take
- 1:04:51it or we went to hit it. So, that's kind
- 1:04:54of my entire plan for this morning's
- 1:04:58upside scenario for the session. At this
- 1:05:02point,
- 1:05:04there's uh
- 1:05:07that's it. You know, like I'm not going
- 1:05:09to sit here and try and form another
- 1:05:10plan. We caught,
- 1:05:14you know, 400 ticks or 100 points. It
- 1:05:17was only with two micros, but
- 1:05:21you know, 400 bucks with two micros,
- 1:05:23dude. Like,
- 1:05:25400 bucks is 400 bucks. Like,
- 1:05:28so,
- 1:05:30and it also helped because it did allow
- 1:05:32me to have kind of a bigger stop
- 1:05:34and I wasn't trailing as tight.
- 1:05:37So like we were floating, you know, 75
- 1:05:41points in profit. If I was in bigger
- 1:05:43size, I may have tried to trail it a
- 1:05:45little bit tighter, but because I was in
- 1:05:47two micros, I kind of gave it more room
- 1:05:48to breathe because I didn't really care
- 1:05:52because once I mean, you know, once
- 1:05:54we're up here, what's the
- 1:05:55difference-wise between here and here?
- 1:05:56It was like 200 bucks.
- 1:05:59So it's not a big deal. So anyways,
- 1:06:04chill. One trade, one win, caught 100
- 1:06:06points.
- 1:06:07Um,
- 1:06:10unfortunately it was like half size of
- 1:06:11what I was planning on doing, but it's
- 1:06:13all right. Now we're in price discovery.
- 1:06:16If you're going to try and short this,
- 1:06:18don't.
- 1:06:21That's what I would say. Uh,
- 1:06:26it's just not a good idea.
- 1:06:29But I will be back
- 1:06:33tomorrow.
- 1:06:36So peace.
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