🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
Full transcript
- 0:42Good morning. Yeah, I actually I go live
- 0:45on Discord
- 0:47every single day.
- 0:51And you know what? Honestly,
- 0:55there may come a time in the future.
- 0:58There may come a time in the future
- 0:59where
- 1:02I slow down on the YouTube streams
- 1:06and I stream only on Discord.
- 1:15Do I have a a test layout? Can I use
- 1:17your layout?
- 1:19Well,
- 1:21I do have my settings
- 1:27which I it's in the [Â __Â ] for free. Just
- 1:31go and you download it.
- 1:35Then you can have [music] the same
- 1:38chart as me.
- 2:24So honestly,
- 2:27thanks. I appreciate that. Honestly
- 2:29though, today might be cooked. New York
- 2:32session this morning might be cooked.
- 2:39We just literally pre-market
- 2:45took the objective.
- 2:51So, after we take, you know what? Let me
- 2:54let me wait a little bit before I
- 2:57explain this. Before everyone comes in
- 2:59here and asks me like, "Ax, what are you
- 3:01looking at today? What are you looking
- 3:03at today?"
- 3:05I I really don't like when we end up
- 3:09doing this pre-market
- 3:12a lot of the times. I mean, we could
- 3:14have a pretty clean session. Like, we
- 3:15could take this this low, come in a
- 3:18discount at this current leg, and then
- 3:19just like make a really nice move, but a
- 3:23lot of the times
- 3:25after pre-market makes like a really
- 3:27nice move, New York session is just a
- 3:30big old fart.
- 3:33Whoops. at
- 3:36least the opening and then maybe PM
- 3:38session might do something, but
- 3:44yeah, I'm going to be a little
- 3:45suspicious about this morning to be
- 3:47honest,
- 3:52but we'll we'll wait a little bit. We'll
- 3:53see what happens. We'll give it some
- 3:56time.
- 4:00wait for some people to get in here
- 4:01because I started it a little early
- 4:03today because I was just sitting around
- 4:04doing nothing.
- 4:12>> Any advice? I kept shorting yesterday
- 4:14and blew my account.
- 4:18Let's go look at yesterday.
- 4:21Okay.
- 4:25So, when it comes to
- 4:29I used to do this all the time, by the
- 4:31way, jammer,
- 4:34where like you have you have an idea of
- 4:36what you think, right? Maybe maybe what
- 4:38you were thinking in your head is, oh,
- 4:39price has to go lower or whatever.
- 4:44And um
- 4:46there's a point there's a point
- 4:50where you got to just realize that your
- 4:52idea is wrong.
- 4:55So if you're ever creating like
- 4:58an outlook or some type of like bias,
- 5:04it needs to have an invalidation point.
- 5:08like you need to know like okay like
- 5:11let's say today okay
- 5:15I guarantee you okay someone is looking
- 5:18at this right now and they're thinking
- 5:21to themselves
- 5:24oh
- 5:26market got market went down so much you
- 5:29know like it has to go up it has to go
- 5:32up from here there's no way we keep
- 5:35dropping it has to go up so then they're
- 5:37sitting here in their head right now
- 5:38thinking that they're going to be
- 5:39looking for longs. Maybe they're waiting
- 5:42for us to, you know, maybe someone over
- 5:44here is waiting for us to take out these
- 5:46lows and then they're going to be
- 5:48looking for longs, right? At a certain
- 5:50point, if we continue to go down, you
- 5:52have to understand that you are probably
- 5:54wrong, that we're not going up and that
- 5:58we can actually be coming all the way
- 5:59down here to external lows from
- 6:03the higher time frame range, right?
- 6:05trying to make another low after we just
- 6:07made a what lower high. So to answer
- 6:11your question,
- 6:14you have to just have an invalidation
- 6:17of whatever your idea is. You don't just
- 6:20keep trying to force your idea on the
- 6:22market when the market is obviously
- 6:24telling you that your idea is not right.
- 6:30Otherwise, [music] that's not really a
- 6:32bias. You just have an opinion, right?
- 6:35Bias is conditional.
- 6:38If you think something is going to
- 6:40happen, it is conditional.
- 6:43You need to treat it that way.
- 6:45I used to just like think the market
- 6:48should do something and then I just you
- 6:50know let's say let's say right now like
- 6:53let's say this is two years ago and I'm
- 6:55looking at this premarket and I go oh
- 6:57you know price can't go down any further
- 7:02being an idiot right? Oh, we can't go
- 7:04down. We already dropped so much. And I
- 7:05keep just keep trying to long it and
- 7:07long it and long it on every single
- 7:09bullish candle that flips. And then
- 7:11you're just thinking this is the low,
- 7:12this is the low. And then you lose your
- 7:15account.
- 7:21So just
- 7:25think about where you're wrong.
- 7:29Don't try and uh
- 7:32don't try and prove yourself right
- 7:35through through more attempts at the
- 7:37same wrong idea.
- 7:44I don't know. I hope that makes sense.
- 7:51We're about to take the lows. Okay, so
- 7:55we just took lows pre-market.
- 7:58So,
- 8:02this is a this is a
- 8:09this is potentially not a good scenario
- 8:11for New York open
- 8:17because here's the deal.
- 8:21If this didn't happen like this
- 8:22pre-market, right, we would have been
- 8:25watching put wall. We would have been
- 8:27saying if we got below put wall we would
- 8:29have been looking for acceptance below
- 8:31it s like sustained selling pressure
- 8:34would have went to go and try and target
- 8:36what here right before we enter into
- 8:39discount.
- 8:41That's a pretty large move.
- 8:44It's 200 points.
- 8:47So
- 8:49if we add in the rest of this, we've
- 8:51dropped almost 400 points directly down
- 8:56pre-market. We have taken we have taken
- 8:59an internal objective. We are now coming
- 9:02into discount immediately
- 9:06at the open.
- 9:10After a large move like this during
- 9:12pre-market that goes and just takes an
- 9:15objective that should have been for the
- 9:17the opening AM session,
- 9:20we could potentially just like
- 9:25do some BS during the open.
- 9:29Maybe we chop. We're in a negative gamma
- 9:31environment. Maybe it's like a really
- 9:32nasty volatile whiplash.
- 9:36Or the best case scenario
- 9:39is we come into here and we have a nice
- 9:41move up back towards the pull wall. Or
- 9:45we're pushing down, pushing down,
- 9:46pushing down. Maybe I didn't see.
- 9:56Okay,
- 9:59maybe when we come when when New
- 10:01[clears throat] York session and all and
- 10:03the RTH and the cash cash session comes
- 10:05online,
- 10:07if there's added participation to the
- 10:10downside, then we're just gonna I don't
- 10:12know. I'm just today this morning
- 10:16I'm really not a fan of this that this
- 10:18happened already. This is like what I
- 10:20would have been trying to look for.
- 10:30So
- 10:31I guess we'll see what happens. We got
- 10:3310 minutes.
- 10:35But I'm telling you, like
- 10:40I'd probably say like 70 to 80% of the
- 10:43time when we go take a clear objective
- 10:47pre-market with a move like this, the
- 10:49open does some BS.
- 10:59Caught some good moves in Asia and
- 11:01London. Very nice. Me too. Actually, I
- 11:05um
- 11:07I caught this long here during Asia on
- 11:10um passed another eval. So, we added
- 11:14another account to the army.
- 11:19So, that's [clears throat] brand new.
- 11:31So yeah, today I'm going to be a little
- 11:33careful.
- 11:42Also, Dia DS in in the chat right now,
- 11:45DS hit me up and said like
- 11:48they're going to DS wants to come on
- 11:50stream
- 11:52and show the trade, show their trades.
- 11:57DS wants to come on stream and and trade
- 12:00for everybody. Let's
- 12:03show you how it's done on the live
- 12:05account with tops up.
- 12:25Too shy for streaming.
- 12:41So, yeah, we'll see. We'll see what
- 12:42happens. Today, we're um
- 12:45I sent out
- 12:48I sent out my daily outlook in the
- 12:51Discord.
- 12:53What I'm basically looking at.
- 12:56Hey yo, who's that? Is that supposed
- 13:00What is that?
- 13:05Yeah, DS honestly in the beginning live
- 13:09streaming my trades uh was
- 13:13not chill actually.
- 13:21But I got used to it.
- 13:27Although, you know, sometimes I still
- 13:29find myself getting distracted though,
- 13:31which is not good. Like sometimes when
- 13:32I'm streaming, people are asking
- 13:34questions,
- 13:38I like I want to answer questions, but
- 13:41then I get distracted sometimes.
- 14:00Monte Carlo simulation.
- 14:14Is Is that supposed to be a meme, bro?
- 14:16Because
- 14:19they asked what your This person asked,
- 14:21"What's your full strat?
- 14:24And dude just goes and names off a bunch
- 14:26of indicators.
- 14:29[laughter]
- 14:34Yo, how do you trade, bro? Heat mat
- 14:37volume profile
- 14:39higher time frame Fabio indicator VWOP
- 14:44premium and discount.
- 14:48Yeah, Monte Carlo simulation.
- 14:54It's funny.
- 15:03Yeah, quants use it.
- 15:24Where did it go?
- 15:46My main objective this morning, the main
- 15:48goal this morning
- 15:52is to not get caught in some chop.
- 15:56Is to not get caught in some chop.
- 16:09The most ideal
- 16:11scenario
- 16:12at the open is we open up.
- 16:16We immediately start pushing lower.
- 16:20We watch seller failure.
- 16:24Buyers start stepping in aggressively.
- 16:26We try and take a long
- 16:30back up here.
- 16:33That is the most ideal scenario. I do
- 16:36not think that that is the most probable
- 16:39scenario,
- 16:42but I'm going to be looking for it.
- 16:49We are in We are deep in negative gamma.
- 16:53So,
- 16:56might have a pretty volatile open here.
- 16:58I got to potentially size down, but
- 17:00we'll pay attention.
- 17:05Oh, you know what? I just realized
- 17:10I don't have the ATR up anymore.
- 17:22Oh, yeah, dude. It's right here.
- 17:50Dude, I'm starting to see all these
- 17:52memes about the people who bought SpaceX
- 17:54at the IPO.
- 17:56[laughter]
- 18:04You want to talk about
- 18:06exit liquidity? That's real exit
- 18:09liquidity.
- 18:14I have a buddy of mine who doesn't trade
- 18:18and he was like and he knows that I
- 18:19trade, right? So he's like, "Thrax, you
- 18:22see SpaceX is going to IPO?" I'm like,
- 18:25"Yeah."
- 18:26He's like, "Dude, I'm gonna buy a bunch
- 18:28of it." I'm like, "You should wait,
- 18:29dude.
- 18:31I said, 'Wh I said because historically
- 18:35all IPOs usually don't have a pretty
- 18:38good beginning to it, you know? I mean,
- 18:41maybe it has a pump and then but
- 18:43typically they'll sell off and then
- 18:45they'll kind of bottom out and then do
- 18:47their thing.
- 18:49And he's like, "Oh, but I believe in the
- 18:50company. I believe in the company." I'm
- 18:52like, "Okay, that's great, but if you
- 18:54believe in the company and you want to
- 18:56hold it for a while, wouldn't it be a
- 18:58good idea to try and get like a pretty
- 19:00good entry on it so you can hold it for
- 19:02a long time?" He's like, "No, dude. I'm
- 19:05just going to I'm I'm prepared to hold
- 19:07it for however long." He ended up buying
- 19:09it at the top. So, every once in a
- 19:12while, I I just send him SpaceX IPO
- 19:14memes. I don't think he appreciates it,
- 19:17but I think it's pretty funny.
- 19:35All right, let's see what we do here.
- 19:38A minute till the open.
- 19:45Single stock futures.
- 19:49I wonder how that's going to change
- 19:51things
- 19:53like in terms of
- 19:57volume.
- 20:04I don't know. It should be interesting.
- 20:05I I have to look into it. I'm sure
- 20:097:32
- 20:11one day men
- 20:167:32
- 20:18we'll mark it out.
- 20:22Whoops.
- 20:24Oh, I just know it's there. [cough]
- 20:26[clears throat]
- 20:42All right.
- 21:03Happy birthday to you.
- 21:40I'm watching this right now. If we have
- 21:42if we fail right here, I think I might
- 21:43go long. It's going to [clears throat]
- 21:45require a pretty big stop loss, though.
- 21:47I'm going to do it.
- 21:51I'm going to put the stop at the bottom
- 21:54of this.
- 21:57So, we're going to be risking
- 22:01about $300.
- 22:03We're tapping into the discount after
- 22:06taking those Asia lows from Monday. I'm
- 22:08going to see if we could swing it back
- 22:09up.
- 22:12[clears throat]
- 22:25Once we start getting a stronger push to
- 22:27the upside, like if we start pushing up,
- 22:30I'm going to move it to break even.
- 22:55Once we push to like 750
- 22:58because we're still whiplashing around a
- 23:00little bit. I don't want to get taken
- 23:01out of break even just yet, but I do
- 23:02need to protect myself.
- 23:05All right,
- 23:07we're going to put break even.
- 23:11And honestly, I'm going to hold this
- 23:13one. Um,
- 23:19so
- 23:22either we hit break even or we uh hit
- 23:24like uh hopefully over 100 points.
- 23:29Uhoh.
- 23:37Just need to squeeze it higher. Get
- 23:39away. Get away from my break even.
- 23:54All right. Whatever.
- 24:08I'm going to wait. I'm going to wait a
- 24:09little bit. But like what I was saying
- 24:11at market o pre-market is if we were to
- 24:14push down, we see some seller failure,
- 24:17we start having buyers start stepping
- 24:18in, I might try and take a long, but
- 24:23I would prefer this to actually happen
- 24:25relatively quickly. I don't really like
- 24:26the fact that we're kind of just I mean,
- 24:29I'm watching buying aggression here.
- 24:30We're probably going to do it, but
- 24:35maybe I'm a puss. Maybe I should have
- 24:37just kept the stop where it was.
- 24:43We'll see how this five minute closes
- 24:44though.
- 24:54Whoops.
- 25:01What up, Ticky?
- 25:17Such a puss, dude. I I I should have
- 25:19just held that. Honestly, it was pretty
- 25:21obvious. There's no reason
- 25:24There's no reason to.
- 25:30[sighs]
- 25:35We fumbled. I fumbled that one.
- 26:10H I feel like such an idiot. Whatever.
- 26:19If we are going to continue, I'd be
- 26:21watching for it to come up to like
- 26:26realistically back towards the foot
- 26:28wall. But we'll see.
- 26:34Oh [Â __Â ] Because again, I got to be
- 26:36careful about um
- 26:39[Â __Â ] I spilled some coffee.
- 26:42I got to be careful about us like
- 26:44whipping back and forth.
- 26:53Coffee on the keyboard.
- 26:57Good thing it wasn't on the keys though.
- 26:59It's like on the corner of it.
- 27:25Bruh.
- 27:32Bruh,
- 27:34please.
- 28:17Where is my entry on this 7:07?
- 28:56Good morning. New to the channel.
- 28:58Lifetime Tanuki member. Love the Gex
- 29:00levels. Working on footprints. That's
- 29:02what's up. Welcome, Emerald.
- 29:12Well, we had the right idea. I just got
- 29:15kind of scared for a second.
- 29:19moved to break even after it went it
- 29:21went like um
- 29:2530 points in profit and then came back
- 29:27and hit me at break even and went I kind
- 29:29of knew I should have held that honestly
- 29:31the uh the stop loss really wasn't that
- 29:33big it was about 50 points with three
- 29:34micros was using smaller size
- 29:38and it was a valid one right I mean we
- 29:41it's below seller failure so now we just
- 29:44got to wait see if there's anything else
- 29:46if there's nothing else and we kind of
- 29:48just fumbled the only move of the
- 29:49morning, then it's all right.
- 29:52I just got to make sure that
- 29:55um even though it's like slightly
- 29:58frustrating that that just happened,
- 30:01deep breaths, you know,
- 30:04not the end of the world.
- 30:07Do I have a split screen on two
- 30:09different time frames?
- 30:11Um I have one,
- 30:14two,
- 30:18I'm watching four time frames right now
- 30:23and I have one, two, three, four, five,
- 30:26six, seven. I have seven seven different
- 30:29charts up.
- 30:33Excuse me.
- 30:37So,
- 30:40at this point, I'm [clears throat] just
- 30:42kind of watching to see uh the full
- 30:44target for the longs. Like we mentioned
- 30:46pre-market, it's going to be back up
- 30:48here towards 940.
- 30:53Should be a very nice move like 200
- 30:55points.
- 31:11At least the analysis was right. Just
- 31:14got to
- 31:18do a better job next time.
- 32:13>> [laughter]
- 32:19>> Yeah,
- 32:23I should just No, I'm not getting FOMO
- 32:28Let it go. I I I messed up.
- 32:32My My dumbass literally explained what
- 32:34exactly what I was looking for right
- 32:36before the open
- 32:38and it's playing out.
- 32:41Actually had pretty good entry.
- 33:05I had a feeling that was going to
- 33:07happen, too. I was like I was like, "All
- 33:09right, I'm gonna wait until it goes up a
- 33:11little bit more because I have a feeling
- 33:12it's going to whip whip around a little
- 33:14bit
- 33:15and hit me out of break even before it
- 33:17runs." And I dropped the stop loss,
- 33:28but it doesn't matter.
- 33:31We can't live in the past. Even though
- 33:33this is pretty pretty gnarly pump with
- 33:35no pullback at all.
- 33:42Why stop losses are bad?
- 33:47Yeah, we should just stop using stop
- 33:49losses.
- 33:52Or or you know what we should do
- 33:54actually?
- 33:56We should just get in right now.
- 34:02We should just get in right now at the
- 34:03top after it pumped up uh 200 points and
- 34:06let's see if we should take a trade. We
- 34:09should take a trade that looks like this
- 34:17thoughts
- 34:19valid.
- 34:26You say no, bro. Of course I'm not going
- 34:27to do that, dude.
- 34:35Don't do it. No, I'm not going to do it.
- 34:39That small stop loss needs more.
- 34:43Yeah.
- 34:46So, as we So, the target for the longs
- 34:48would have been 940. As we approach 940,
- 34:55pre-market plan says we're going to see
- 34:56what happens right here.
- 35:00If buyers can actually reclaim
- 35:03um current put wall
- 35:07and we have acceptance above it and we
- 35:08kind of hold above it then we could
- 35:10potentially be continuing up into uh
- 35:13Asia's range. So
- 35:17yeah.
- 35:19Yeah, we kind of had this idea for 200
- 35:22points and then we got in it with a good
- 35:24entry and then
- 35:27it doesn't matter. Okay,
- 35:30hurts.
- 35:33We got to just let it go. Now we're on
- 35:35to the next opportunity. We're going to
- 35:37uh just try and find an opportunity to
- 35:40potentially catch like 50 points. Makes
- 35:42sense.
- 35:4550 points a day keeps the jo OB away.
- 35:49So, we just got to
- 35:52catch 50 points.
- 35:54I didn't want 200 points anyways.
- 35:58be too easy. Trying to make it hard on
- 36:00ourselves.
- 36:15Also, we have 55 people on the YouTube
- 36:17stream. Later this stream, I am going to
- 36:19give away an account from Funded Futures
- 36:21Network. 50% off, buy one, get one free
- 36:24with Krax.
- 36:26The only way you can get into the the
- 36:27giveaway
- 36:30is you have to be in the Discord.
- 36:37So,
- 36:39if you're like, "Thrax, how do I join
- 36:40the Discord?" Well, if you go down in
- 36:43the description below,
- 36:47you can um
- 36:50join the free community
- 36:52[snorts] and then I'm going to give away
- 36:53a 50K steady account from FFN. Shout out
- 36:56FFN. Honestly,
- 37:06is it chargeable? What do you mean? It's
- 37:08a free account. It's free.
- 37:2615-minute opened up. It retraced towards
- 37:28a previous 15-minute PC.
- 37:32Oops.
- 37:40This is 15 minute prior 15-minute PC.
- 37:49See if the momentum continues.
- 38:28Uh, am I looking for a rejection or
- 38:30break can reclaim of the pole wall. I'm
- 38:32just I don't know. I'm either of those
- 38:37either of those are potential possibil
- 38:39possibilities if we get up there. I just
- 38:41want to see what happens when we get
- 38:42there.
- 38:50See this order right here? That was DS.
- 38:53DS said she's short. So
- 38:58on her live account, that's her right
- 38:59here.
- 39:01>> [clears throat]
- 39:48>> So this is this is kind of interesting.
- 39:50So um
- 39:53the hourly was going to close if it
- 39:56continued up it was going to close
- 39:57pretty bullish. It would have been a
- 39:58very clear trying to look for longs. But
- 40:01if we're going to bring it all the way
- 40:02back down, we may actually be
- 40:10two scenarios. I would hate for us to
- 40:12start whiplashing back and forth in
- 40:14here.
- 41:19>> [snorts]
- 42:32>> If we get below um
- 42:36like 28,600, the probabilities of us
- 42:40just or like the potential of us just
- 42:42like melting today, another 200 points
- 42:45probably will increase.
- 42:49And we take a continuation lower
- 43:41I just got to make sure we're not What
- 43:43I'm trying to see right now is uh we're
- 43:46about to start creating like this range
- 43:51and just whipping back and forth in it.
- 46:00Whoops.
- 46:03Interesting.
- 46:06That's pretty nasty.
- 46:22We have the hourly and the 4 hour
- 46:23opening
- 46:25five minutes.
- 46:29I want to see how the hourly is going to
- 46:30close.
- 46:42When I was in school, I have similar
- 46:44face like yours.
- 46:47What does that even mean?
- 46:54You look like me.
- 47:11Are you talking about how I was just
- 47:13locked in right now just staring?
- 47:29Do I watch anime?
- 47:31No.
- 47:34No, I don't.
- 47:44I really don't even watch TV.
- 47:52Okay, so as we're doing this, I'm I'm
- 47:56starting to become kind of like, okay,
- 47:58here we go. like
- 48:00these huge candles just like whipping
- 48:04[clears throat] back and forth.
- 48:06This is what I'm trying to avoid
- 48:10this morning.
- 48:14Uh we're currently in negative gamma.
- 48:16Michael,
- 48:26these candles are about 100 points right
- 48:28now
- 48:29on the five minute.
- 48:35The hourly is not going to be closing
- 48:37very bullish though.
- 48:48DS, did that hit you at break even or
- 48:50are you still holding it?
- 48:59ODS isn't in here anymore.
- 49:03That would have been pretty nasty.
- 49:12thoughts on Deep Charts gamma
- 49:14integration. It's pretty cool.
- 49:17Um,
- 49:18it'll only [clears throat] be for SPX
- 49:20though from my understanding for ES.
- 49:34That's pretty dope.
- 49:38trade. Yes, it's probably pretty good.
- 49:45What about short from 900?
- 49:53What do you mean, Nicholas? We're like
- 49:54200 points away.
- 49:57Even same hairstyle. I love that
- 49:59hairstyle in school days. Now just tried
- 50:02to mature.
- 50:06Bro, I'm a grown ass man. What are you
- 50:08talking about?
- 50:1126 years old, dude.
- 50:15[laughter]
- 50:20Oh, you're funny,
- 50:29dude. Stop. You're distracting me. I got
- 50:31to lock I got to lock in.
- 50:46All right, so new hourly candle opened
- 50:48up. Previous hourly candle did not
- 50:51close. Very bullish whatsoever.
- 50:54Um it's trying to make me think we may
- 50:56start digging lower.
- 51:00Digging deeper.
- 52:04You need 200, go short. [clears throat]
- 52:06If you need 200 bucks, go short with a
- 52:10300 point stop loss.
- 52:23Looks like it wants to go lower. I just
- 52:25don't want to get caught in this like
- 52:27whiplash.
- 53:39What up Qriket Highlights?
- 53:51Get off for the market to move. Yeah.
- 53:55Happens every time.
- 55:44priority number one is just to not get
- 55:46caught in this shop.
- 55:50But
- 55:53I'm watching right now.
- 56:00Previous 15-minute P
- 56:04We're going to hold below it or not.
- 56:37Damn eco guy. Hopefully uh hopefully
- 56:43hopefully you're joking
- 56:48if we if we in this chop here in the
- 56:51middle of the chop, right? We're seeing
- 56:53Whoops.
- 56:55blew your house.
- 56:57We see this buying aggression fail, I
- 56:59may actually try and take a short and
- 57:00just target the lows, just like local
- 57:03lows here,
- 57:05just for like 60 points.
- 57:09[clears throat] But if we're going to
- 57:10kind of push back past it, then we're
- 57:12just kind of chopping and uh we'll just
- 57:14wait.
- 57:16But we have a lot of aggressive buying
- 57:19activity right here. So we want to see
- 57:21if we are going to continue it or not.
- 58:23Our
- 58:39day could have been so easy, dude. We
- 58:41could have just held those longs at the
- 58:42open, not been a little [Â __Â ] and just
- 58:48I'm going to go short right here.
- 58:53And I am going to just target uh the
- 58:56lows.
- 59:01Stop loss is going to be above buyer
- 59:04failure.
- 59:06The moment we start pushing back into
- 59:08this area, I will move it to break even.
- 59:17So we got to be careful about us
- 59:19chopping around.
- 59:36Okay, we're up 50 points. Moving stop to
- 59:39break even.
- 59:41We're going for 100 points here.
- 59:52I'm going to trail the stop loss.
- 59:55I'm looking for us to just run it out
- 59:57right now.
- 1:00:03We have the We have a five minute
- 1:00:05opening up like in a second. So, not in
- 1:00:08a second, but 20 seconds.
- 1:00:12All right, we will take it. We will take
- 1:00:15it. We're chopping. I got to lock in
- 1:00:17some profits. We have a winning day. So,
- 1:00:19we'll keep it for that for now. We're
- 1:00:21going to wait a second because this may
- 1:00:23still continue lower.
- 1:00:28[clears throat] So, what is that?
- 1:00:35So, we're up 1300 on our funded accounts
- 1:00:37right now.
- 1:00:42NQ, you're not going to get me not gonna
- 1:00:43get me on a break even that time.
- 1:00:48Although I think it still might drop
- 1:00:50down. So we got we got to wait,
- 1:01:14but we're chopping. So,
- 1:01:16at least we have a winning day. This
- 1:01:19account is at a $3,000 balance.
- 1:01:24I have how many winning days? One, two,
- 1:01:30three. This be the fourth winning day.
- 1:01:35Let's see if we can build the balance up
- 1:01:36on it a little bit. But I got to be
- 1:01:38careful about the chop.
- 1:01:41I'm trying to I need to get it hopefully
- 1:01:43to like a
- 1:01:44$4,000 balance,
- 1:01:47but
- 1:01:53we will see.
- 1:01:56So, so far we're up about like 200 bucks
- 1:01:59across like six funded accounts. Haven't
- 1:02:02traded the other four funded accounts
- 1:02:03right now, but
- 1:02:11[snorts] we could just lock in the
- 1:02:12winning day on these accounts, move to
- 1:02:14the next accounts. But I'm going to
- 1:02:19see if I can catch one more trade on
- 1:02:20these accounts if something actually
- 1:02:21happens. Otherwise, if we keep chopping
- 1:02:23here, then um we'll just take the small
- 1:02:26winning day.
- 1:02:30We fumbled the longs at the open, but we
- 1:02:32were watching this area. I said if we
- 1:02:34had buyer failure here, I was going to
- 1:02:36go short. A lot of aggression at the
- 1:02:38highs, the extreme of the candle.
- 1:02:40Started dropping down. I was watching
- 1:02:42delta.
- 1:02:44We started pushing down pretty
- 1:02:45aggressively. So, I went short, tried to
- 1:02:47target the lows for 100 points.
- 1:02:51Didn't want to continue.
- 1:02:56And I and the reason why I moved it to
- 1:02:58break even like that is this. Like we're
- 1:03:00chopping. Okay, we're chopping at the
- 1:03:03open. We had a lot of selling aggression
- 1:03:05in this area and it did not get any type
- 1:03:09of follow through. So, this is kind of
- 1:03:11like a danger danger zone. You know, if
- 1:03:15we push past it, we're good, but we got
- 1:03:17to push past it. So, when we started
- 1:03:19pushing past it, then we had the next
- 1:03:20fivem minutee opening. I just was like,
- 1:03:22"All right,
- 1:03:24we've we've played these games before.
- 1:03:25or we've been here, you know, like
- 1:03:28just keep hitting break evens. I think
- 1:03:30we did that on Monday when we were
- 1:03:31chopping around. I kept going for like a
- 1:03:34break out of the chop. It kept going
- 1:03:35like 50 points in the profit and then
- 1:03:38slamming back to my break even.
- 1:03:41So,
- 1:03:43AR Vids took the same trade. Well, grape
- 1:03:45vines think alike.
- 1:03:59I love the fact that you can see candle
- 1:04:01context.
- 1:04:03You signed up for Sunday's workshop.
- 1:04:06Yeah. Doing a webinar for you guys
- 1:04:11on Sunday.
- 1:04:14Are we going to come out of there with
- 1:04:16an understanding of what tools,
- 1:04:17platforms we need to have? Yeah, I'll
- 1:04:20talk about it. Talk about footprint
- 1:04:27honestly, you know, like
- 1:04:30after I mean I've been trading with
- 1:04:32footprint and orderflow now for a couple
- 1:04:35years.
- 1:04:36Um,
- 1:04:41yeah, this D discord doesn't have that
- 1:04:43long of a delay. YouTube has a pretty
- 1:04:44long delay. I've been uh trading with
- 1:04:46these charts and footprint and order
- 1:04:48flow for like two years
- 1:04:50and the way that my that I can just like
- 1:04:55I just can't imagine not using it
- 1:04:57anymore
- 1:05:08because the best thing that it does
- 1:05:10honestly looking at order flow is it
- 1:05:12helps me just filter out like just BS
- 1:05:16It's not necessarily about finding more
- 1:05:17setups. It's just about filtering out
- 1:05:20trash.
- 1:05:35Uh Shaheen,
- 1:05:39my uh big trades indicator has a
- 1:05:44It's set to a minimum volume of 300. You
- 1:05:47got to see what yours is set to.
- 1:06:04What' I say though, dude? I I I swear
- 1:06:07like 80% of the time,
- 1:06:1070 to 80% of the time when we have such
- 1:06:13a large move pre-market that go that
- 1:06:16actually takes an objective.
- 1:06:18New York open a lot of the times will
- 1:06:20just be on some BS.
- 1:06:23It's like the worst thing to see in the
- 1:06:24morning. Huge pre-market move. There's a
- 1:06:27difference between having like a London
- 1:06:28move and then just like a like a hour
- 1:06:31before open move.
- 1:06:33suck.
- 1:06:37It just makes me super suspicious about
- 1:06:40just BS.
- 1:06:50Yeah, we we might get a pretty good move
- 1:06:52uh during the PM session
- 1:06:58or may maybe even, you know, sooner than
- 1:07:00that. But right now, it's
- 1:07:04doing this weird uh
- 1:07:09compression
- 1:07:12to to the bottom here.
- 1:07:23Oh, wait, wait.
- 1:07:26Tory trades.
- 1:07:35Wait, what what what those traders do?
- 1:07:37Do we make a triangle?
- 1:07:39Break out.
- 1:07:41What is this? A flat is this a flag? I
- 1:07:45don't know. I don't know. This is this a
- 1:07:48flag,
- 1:07:54dude. Honestly, if you drew a trend line
- 1:07:56here, you you would have killed it.
- 1:08:00could have caught uh what is this?
- 1:08:0475 points
- 1:08:07then another 50 points. You would have
- 1:08:08been up like 120 points.
- 1:08:14Hell yeah. Yeah. What are we doing?
- 1:08:17We're making it so complicated. We just
- 1:08:19got to draw lines, dude. What are we
- 1:08:20doing?
- 1:08:24You know what? That's it.
- 1:08:28Take my mo. Take my money, Tori. That's
- 1:08:30it. Buying that master class right after
- 1:08:34this.
- 1:08:38Are GEX levels the best to look for
- 1:08:39entries? No. No sir.
- 1:08:44No sir.
- 1:08:47Do I go live at power hour? No sir. I do
- 1:08:51not trade the PM session.
- 1:08:54What time do you shut it down?
- 1:08:57Uh, typically
- 1:09:00usually within the first hour and a half
- 1:09:03of market open. I usually only trade the
- 1:09:04first hour to hour and a half market
- 1:09:06open.
- 1:09:11Sometimes I trade Asia. Like last night
- 1:09:12I was trading Asia. I took a long to
- 1:09:14pass an eval uh down here up into uh to
- 1:09:19fill the gap.
- 1:09:24Oh yeah,
- 1:09:26we're gonna uh we got to give away an
- 1:09:29account
- 1:09:31from the best prop firm in the world,
- 1:09:32Funed Futures Network. 50% off. Buy one
- 1:09:34get one free. Use code Thrax.
- 1:09:39Walking billboard, dude. No, for real
- 1:09:41though, shout out Funed Futures Network
- 1:09:43because they sponsored our community.
- 1:09:46They love us so much and they're like,
- 1:09:47"Thrax, you're just so handsome. we're
- 1:09:50just going to give you like 20 accounts
- 1:09:52and then you can just give them away to
- 1:09:54your community because we love them and
- 1:09:56we think they're super cool. And I was
- 1:09:58like, wow, that's amazing.
- 1:10:02The only way they're going to keep doing
- 1:10:03that for us, just by the way, uns
- 1:10:06skippable ads. Yeah. [laughter]
- 1:10:08The only way they're going to keep doing
- 1:10:09that for us is you guys if you guys
- 1:10:11actually just use my code. So,
- 1:10:14you know, let's let's try and make it
- 1:10:16not a oneoff thing. And I mean, they
- 1:10:18have good accounts, dude. 50K steady
- 1:10:20accounts,
- 1:10:22buy one get one free, no activation fee,
- 1:10:27two-day pass.
- 1:10:29Come on.
- 1:10:47Wait, hold on. Did that trend line just
- 1:10:48hit again? Damn.
- 1:10:54Damn,
- 1:10:56the unstoppable trend line.
- 1:11:01Now, right before I get off, I'll do uh
- 1:11:03I'll do the uh giveaway.
- 1:11:06I'm just seeing if we're going to make a
- 1:11:09move out of here.
- 1:11:11We're We're like coiling up right now.
- 1:11:13So maybe we uh
- 1:11:20overtrading is the death of you.
- 1:11:27Okay. Well,
- 1:11:35like if you find yourself just in a
- 1:11:38trance trying to trade this, just like
- 1:11:41take a step back. Look at this.
- 1:11:45Let's use Let's use our thinking.
- 1:11:49Does this look good?
- 1:11:52What would you guys rather trade? Would
- 1:11:54you rather trade something like this?
- 1:11:59Or should we should we should we throw
- 1:12:01our money on the table for this?
- 1:12:07I don't know about you,
- 1:12:10but I think I'm going to keep my money
- 1:12:11in my pocket when we're doing this
- 1:12:16and we'll just wait.
- 1:12:34It's building low res. Mom's whole soul.
- 1:12:40It busts up within 30 minutes.
- 1:12:47Okay.
- 1:12:50Would be nice if we do. We at least get
- 1:12:53out of here.
- 1:12:59Steve Morrow, is that the order flows
- 1:13:01guy?
- 1:13:09The trend line is breaking.
- 1:13:20Uh what concept should a beginner learn
- 1:13:23to start?
- 1:13:25Honestly,
- 1:13:27for technical analysis, if you want to
- 1:13:30start, the easiest place to start is
- 1:13:33just understanding market structure.
- 1:13:39And then after you understand market
- 1:13:41structure,
- 1:13:42you should look into auction market
- 1:13:44theory.
- 1:13:46Is this a break and retest of the trend
- 1:13:48line?
- 1:13:55Is this the entry for the longs? What
- 1:13:58would to
- 1:14:01WW
- 1:14:02TTD? What would Tory trades do?
- 1:14:23AMT can't be real. ICT coded the
- 1:14:26algorithm.
- 1:14:28You know what? I coded the algorithm.
- 1:14:30How about that?
- 1:14:32I coded the algorithm.
- 1:14:51I coded the algorithm. The market makers
- 1:14:54came to me while I was sleeping. They
- 1:14:55told me, "I can't tell you guys this
- 1:14:56information."
- 1:15:00They tried to shut me up. They tried to
- 1:15:03keep me quiet.
- 1:15:05They didn't want me giving out the
- 1:15:06secret sauce.
- 1:15:16Dude, this is pretty gross what it's
- 1:15:19happening right now. I'm going to give
- 1:15:21it like probably 15 minutes. I want to
- 1:15:24see what this next 15 minute does. Um
- 1:15:26hopefully we can move out of here.
- 1:15:29But if we kind of just like do some BS,
- 1:15:37probably just um
- 1:15:40take our small winning day
- 1:15:45and then I'll get off stream and then
- 1:15:47hit a banger.
- 1:15:49[laughter]
- 1:15:51I'll probably take probably take our
- 1:15:53small winning day, give an account away,
- 1:15:58and then I got to go do some other
- 1:15:59stuff.
- 1:16:04There is some poor soul out here right
- 1:16:06now trying to trade a break out of this,
- 1:16:09pulling his hair out.
- 1:16:13I hope when I just said that right now,
- 1:16:15no one in here went, "Oh my gosh, he's
- 1:16:16talking about me. Oh my gosh.
- 1:16:22Chances are though, you know, we got
- 1:16:24basically 90 people watching.
- 1:16:28If we're there's probably somebody who's
- 1:16:31doing it right now. If that's you,
- 1:16:33chill.
- 1:16:36[laughter]
- 1:16:39No, that poor soul is Jake.
- 1:16:43It's just bound to be, you know, one out
- 1:16:45of a hundred. You know, if if there's 94
- 1:16:47people watching, there's there's bound
- 1:16:49to be one person just getting absolutely
- 1:16:51destroyed in this right now.
- 1:17:05Yeah, this would have definitely killed
- 1:17:07a couple accounts for me like three
- 1:17:09years ago.
- 1:17:13Oh, mouse. So dope. You blew your
- 1:17:15account in this.
- 1:17:36All right. Up 940 on the other. Very
- 1:17:39nice.
- 1:17:49No, I know I know I make fun of make fun
- 1:17:51of stuff, but I I care a lot about uh
- 1:17:54market structure, you know? So, like in
- 1:17:57market structure, higher highs and
- 1:17:58higher lows, you're potentially creating
- 1:18:00like a trend line. You know what I mean?
- 1:18:02It's a trend. We're trending somewhere.
- 1:18:04So, even though I mess around and stuff,
- 1:18:06it's
- 1:18:09I I really don't I really
- 1:18:11[clears throat] don't hate on any uh
- 1:18:14anything
- 1:18:18unless unless you're using astrology
- 1:18:23and uh
- 1:18:29and some some random BS.
- 1:18:34Moon phases, moon cycle.
- 1:18:45I saw some post where someone was like,
- 1:18:48"Moon cycle, moon cycles are real. Every
- 1:18:51time there's a full moon, the market
- 1:18:54makes a move."
- 1:18:56It's like, okay, well, usually that's
- 1:18:58like the beginning of the month, which
- 1:19:00also has like in the first week of the
- 1:19:03month when there's a full moon. Guess
- 1:19:06what's also happening when there's a
- 1:19:08full moon a lot of times? Data releases.
- 1:19:12Data releases.
- 1:19:14Wow.
- 1:19:16The first week of a month, what do we
- 1:19:19typically have? Jolts in what? NFP.
- 1:19:25But no, no, no, no.
- 1:19:28Who cares about the data? The moon is a
- 1:19:33full circle.
- 1:19:41Data is a conspiracy theory. Data is
- 1:19:43fake. It's just fake. They just try and
- 1:19:46confuse us. They're all out to get us.
- 1:19:52They're out to get the retail prop
- 1:19:53trader.
- 1:19:57All right. Honestly, this is BS. I'm not
- 1:20:00trading this anymore. I'm not going to
- 1:20:02trade this.
- 1:20:04So,
- 1:20:08let's do a giveaway.
- 1:20:15If you are in the YouTube,
- 1:20:18I'm about to end the YouTube stream.
- 1:20:22If you are in the YouTube, go join the
- 1:20:25Discord. Click the link in the
- 1:20:27description below.
- 1:20:29Claim your free access to our free
- 1:20:31community, the best free community in
- 1:20:33the world, and join the live because I'm
- 1:20:37going to stop it on YouTube. I'm going
- 1:20:39to keep it going on Discord. We're going
- 1:20:42to give away a free account compliments
- 1:20:45of FFN.
- 1:20:49All right, I will uh [clears throat] I
- 1:20:52will wait five minutes, but I'm going to
- 1:20:54end the YouTube stream now. So, YouTube
- 1:20:59is good. We had a decent amount of
- 1:21:00people in here today. I think we got up
- 1:21:01to like 60s something people. That's
- 1:21:03what's up. You guys should be in the
- 1:21:05Discord because honestly, if you're
- 1:21:07watching me trade and you're if you're
- 1:21:09one of those guys who's just like
- 1:21:10looking to try and copy my trades, you
- 1:21:13shouldn't be doing that. But if you are,
- 1:21:15just be smart about it. at least do it
- 1:21:17in the Discord because you're going to
- 1:21:19have less of a delay.
- 1:21:238 seconds may not seem like a lot of
- 1:21:24time, but it really is.
- 1:21:27All right. Well, YouTube, I will catch
- 1:21:29you later. Discord, I'mma stay on.
- 1:21:33Goodbye YouTube.
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