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🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 3,607 words · 655 segments · language en · Watch on YouTube

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0:43All right.
0:45I'm on a fresh
0:47Topstep funded
0:51that I passed yesterday.
0:56So, we're going to work on that.
1:18What up, Merica?
1:37What up, Christian? So, this is kind
1:39this is kind of what I'm looking at
1:40today.
1:42I want to see us
1:44um
1:45well,
1:46I'm going to be watching for
1:49if we begin to come down off open.
1:53I'm going to basically be looking around
1:54here as the first area where we might
1:56get a bounce and then
2:00if we begin to move up into
2:04all-time highs today and we don't stay
2:05within this range,
2:07I'm going to be watching us to
2:09potentially make our way up here to
2:1027,080.
2:13Probably won't happen fast. It'll
2:14probably be like a slow grind up.
2:18But,
2:19I am looking for longs today.
2:23I'm I'll have a baseline expectation for
2:26either
2:27rotational behavior like a balance or
2:31for us to actually continue our way up
2:33to all-time highs and past it. We kind
2:35of stabbed it pre-market.
2:40So,
2:46So, yeah.
2:48If we
2:49get get past like 26,000, I'm no longer
2:52going to be looking for longs and we're
2:54going to be watching us potentially
2:56make a weekly low, but I'd be kind of
2:58surprised if we did that today.
3:06I don't know what that candle was, but I
3:08thought that was market open for a
3:09second.
3:13That was weird.
3:26Uh Merica, depends.
3:30Like this month has been a pretty rough
3:32month for me. I've honestly been getting
3:34my [ __ ] ass kicked this month.
3:36So, I only have
3:38two payouts so far this month. I would
3:40have had a third one, but I kind of like
3:43destroyed a funded account when it was
3:45eligible for a payout cuz I wanted more.
3:48So, it should have been three, but
3:51it's all right. Last month, I think I
3:52got
3:56four payouts.
3:59Three payouts? I don't know. Maybe like
4:01usually three to four every month or
4:03sometimes just two bigger ones.
4:06I don't know.
4:09I don't really
5:01And just so you guys know what this
5:02level is, it's basically a uh
5:06Where is it? This.
5:09It's a pretty stacked level for gamma.
5:14So, we're sitting above the call wall
5:16right now. So, if we make our way back
5:17in towards like 26,750,
5:20I'm going to be watching footprints to
5:21see
5:23how the auction's actually going to
5:24resolve in that area.
5:28And then above price here, the reason
5:29why the target's at 27,080 is because
5:31that's where the uh net call open
5:33interest is. So, if we actually
5:35have like a slower grind up today,
5:38then I'm going to be looking for that as
5:40the target.
5:44Uh I use 5-minute and 15 and sometimes
5:471-minute time frames for footprint.
5:51More in DS.
6:22But, yeah, recently I've been getting
6:23smoked.
6:25So, we're going to try and uh
6:27not continue the losing streak here.
6:31But, it's been just a bit of a rough a
6:33rough month.
6:37We're still net positive though with
6:38firms, but
6:40not as much as I'd want to be.
9:22So, let's see what we do at the open.
9:25Kind of chopping right here for now.
9:35But, I do have my eyes set on London
9:38lows, Asia lows, and then potentially
9:40looking in this area. This is area
9:41number one for longs, and then this is
9:44area number two for longs.
10:02>> Ooh, that was nasty.
10:05My data is delayed.
10:09That was a nasty
10:11opening print.
10:20There's actually a big difference in MNQ
10:22and NQ.
10:2616-point difference on that wick.
10:30It's disgusting.
10:44All right, so we we took Asia lows and
10:47London lows.
10:48I'm watching it. I'm going to be
10:50watching 750 first.
10:54To determine if we're actually going to
10:58turn around or not.
11:51I'm actually going to fade this with
11:53light size. I'm going to go in
11:58three micros. I'm going to risk like 200
12:01bucks.
12:03See if we pop back up.
12:05But if we continue and we just kind of
12:07slam through this area, then I'm Whoops.
12:10Then I'm going to wait and then look for
12:11longs again down here.
12:48Now, we're going to drop through this
12:49area.
13:19I'm going to tighten this. We're not
13:22getting a react the reaction I wanted to
13:24see out of this area, so we'll just like
13:26take the stop loss and we'll continue to
13:28uh
13:30If we're going to continue down, we're
13:31going to be waiting till we get down
13:32here.
13:33Or down here, this area.
15:13I'm actually going to add into this if
15:14this starts to flip back up.
15:19But if it takes me out right now, I'm
15:21going to remove this.
15:24Order filled.
15:26We're just going to wait.
15:35If we're going to continue down, I'm
15:36going to be watching this area.
16:05Yeah, I think it was nasty. My My data
16:07got like all
16:09delayed and [ __ ]
16:41We're still like at this area where I
16:44was looking for the first area to look
16:46for longs, but the only thing is like
16:53if we were going to come into here and
16:54then actually start
16:56bouncing back up, I would have wanted to
16:58see it happen
17:00faster.
17:04Otherwise, I'm not as like confident in
17:06it.
17:13Even though we may still like
17:15bounce from here, but at this point if
17:17we're going to do it, I need um
17:20some more confirmation.
17:57Hold on. I'm going to be right back. I'm
17:58going to grab a jacket. It's [ __ ]
18:00cold.
18:45Dude, you know what's crazy about this
18:46candle though?
18:48Is
18:51we had so many like buy aggressive buy
18:54orders in here that the delta is
18:56actually positive.
19:00What this candle that pushed down like
19:02this? Pretty wild.
19:11Name of this index?
19:14Nasdaq.
19:15NQ.
21:03>> 3:44, what are you talking about?
21:51Oh, yeah. This is Delta down here.
21:58And then there's volume below it, but I
21:59don't think you guys can see it.
22:49Yeah, I know.
22:50I know I know you guys can't really see
22:51it.
23:31So, right now I'm seeing if uh
23:36we're going to be I'm still watching
23:38this area. We're still kind of in here.
23:42I tried to fade it at first with with
23:44smaller size, but um
23:51I'm going to wait to see I'm going to
23:53wait to see cuz
23:58if we if we hold it we technically hold
24:00it then I may try and take another long
24:03position if I see something.
25:13I'm also making sure too before I try
25:15and take a long that we're not going to
25:16get pinned right here.
25:29I would actually at this point because
25:31there's not really a strong reaction
25:32here.
25:34I I kind of want us to go lower before I
25:36actually try and take a short or a long
25:38I mean.
25:48Depending on what happens.
27:36I'm watching how this 5 minutes going to
27:37close.
27:40We're getting absorption down here.
30:03>> I'm going to wait cuz that candle had
30:05kind of a weaker close.
32:01I'm going to go long right here again,
32:03but I'm going to use three micros and
32:05I'm uh
32:07put my stop at the bottom of this.
32:41It requires a pretty decent size stop
32:43loss, so
32:47I had only go three micros, which kind
32:49of sucks, but
32:50it's okay.
32:52I just need us to have some actual
32:56um
32:59continuation here off of this level that
33:02I was watching.
33:04So,
33:06I'm watching
33:09this area for gamma right now,
33:11basically.
33:13I'm trying to see us start making our
33:15way back towards all-time high.
33:20But, we just need follow-through from
33:22buyers, otherwise we're just going to
33:24chop in this area.
33:31Cuz we have buyers that are active and
33:32they're coming in, but
33:36we need to start getting back above this
33:39back above the opening print.
33:48Can I show volume? Sure. There you go.
33:51Can you see it now?
33:53There's There's the volume for you.
34:04So,
34:05for this candle first for this to be a
34:08healthy move
34:10like that I think is actually going to
34:11continue,
34:13this 5-minute needs to close up here.
34:16If it closes like down here and does
34:18another close like this candle, then
34:21um
34:26it's not a good sign.
34:31I would like it to close above this uh
34:33big trade
34:35and then start continuing higher.
35:44If we continue like this though, this is
35:45looking really good for longs to head
35:47back to all-time high with this hourly.
35:49It's going to close like this.
35:56So, we'll hold it.
36:01Oh, you guys can't see it.
36:05If the hourly is going to close with
36:07this nasty wick, we're probably going to
36:08be fine.
36:10We'll probably go touch into all-time
36:11high.
36:15So, that's kind of the goal.
36:17It would be I think
36:21if we get up there, it would be like 134
36:24points.
36:32But, unfortunately, we're like pretty
36:34light size right now, but
36:40we'll be up like 600 bucks if it
36:42actually gets up there.
38:37So, we're currently up 50 points.
38:49The moment we see kind of like any sign
38:52of weakness, I'm probably going to just
38:54move my stop.
38:59But, I think we should be good.
39:03Because the hourly is about to close
39:05right now and it's
39:07has this like really nasty wick. I mean,
39:10look at it.
39:21So, we'll just hold it.
39:33But, if this actually does run all-time
39:35highs and I get out of it at all-time
39:36highs, I'm probably just going to stop
39:38trading for the day.
39:49>> And if we block what I what I might do
39:51is
39:52just because
39:54when we actually start making our way
39:56towards all-time high, if we start
39:57entering into price discovery
40:00I might actually just
40:02remove my take profit and start trailing
40:05my stop instead.
40:10Just in case we like kind of
40:13blast through all-time high.
40:32So far it's gone like 80 points into
40:34profit.
41:07Can't believe this is free. Well, you
41:08know what, bro? Like I'm not going to
41:10lie. I [ __ ] got cooked like the past
41:12few days.
41:22You know, but [ __ ] happens. You don't
41:24win every day.
41:44Yeah, it's been it's been slightly tough
41:46for me because especially the last week
41:50it was difficult especially like on
41:51stream and whatnot because
41:53a lot of my strategy requires
41:57market structure. You know, and last
41:59week we really didn't have any
42:00structure.
42:04At this point I'm going to move my stop
42:06to break even because
42:08um if we we come all the way back to my
42:11break even like at this point.
42:18The only problem though is like the POC
42:21of the hourly is
42:24Where is it?
42:27752.
42:30So we're putting our
42:33No, we don't want this to come back.
42:36I'd rather just get out of the trade and
42:38just take the break even.
42:41But I think we have a pretty good
42:43pretty good opportunity here just to
42:44hold it
42:46to all-time high.
42:55Well,
42:56if it's based on the chart, then I would
42:58actually need to keep I would have
43:00needed to keep my stop where it is.
43:05Which was like down here at the lows,
43:06right? So
43:10because technically these longs at this
43:13point
43:15wouldn't necessarily be invalidated
43:18until especially if we're looking at an
43:20hourly time frame
43:21it wouldn't necessarily be invalidated
43:23until we
43:25you know, get past this hourly low, but
43:30I would just rather not have my trade go
43:33like 90 points in the profit and then
43:35[ __ ] turn around and take me out for
43:37a 50 point stop. That would mean that I
43:39let I would have at that point let price
43:41go
43:45you know, like 140 points against me.
43:48If I'm going to let it come all the way
43:50back 80 points, I might as well just get
43:52out.
44:49Now, there is something that I'm looking
44:51at just so you guys know when it comes
44:53to gamma
44:56as we continue to push up
45:00I'm watching this area right here. So
45:02I'm watching
45:04like
45:06whatever this level is, 26 875
45:09basically.
45:12Once we start getting up here
45:16like up here.
45:21Because
45:22we have a stacked level here that has
45:25like
45:27I just want to make sure we're not going
45:28to just like bounce off of it.
45:32Right.
45:34If I begin to see like because
45:38basically my
45:41I have to make sure that I'm not holding
45:45like this
45:47expansion style move when we're
45:49technically sitting within positive
45:51gamma and we could potentially begin to
45:54put in a low, right?
45:56Potentially put in a high and then begin
45:58to rotate inside of a range. So if
46:03we don't continue the grind up, then I
46:07have to start making a decision of
46:08whether or not I want to be willing to
46:10actually let it come all the way back
46:13or
46:14trail the stop or whatever.
46:16Unfortunately though, I don't really
46:18have enough contracts to scale out
46:21because I only went in three contracts.
46:24Um so I kind of either have to hold it
46:28get out or trail the stop, which kind of
46:30sucks, but
46:32it's all right cuz
46:34the stop was like 50 points. I can't
46:36really
46:41can't really put a lot of size on for
46:42that.
47:02Um
47:07Well, the way that I would begin to
47:08trail it, it just depends.
47:11It would depend on
47:13um
47:14what happens once we get up here.
47:18But usually I'll trail it based off a
47:20lower time frame candlestick structure.
47:24Or if we see like
47:27like sometimes if we're inside of these
47:29candles, right? And I see like
47:31low volume nodes that have stacked
47:33imbalances inside of them or if we get
47:35more
47:36uh large
47:38buyers that are stepping in and then
47:40we're accepting those orders, meaning
47:41that we're not just like
47:43throwing in those orders and then
47:44bouncing back down and rejecting.
47:47Um I'll usually kind of like trail it
47:49behind. So like
47:51if we continue up, right? Then like
47:53let's say we start pumping up into this
47:55area, right?
47:56What I don't want us to do
47:59is begin to get below this.
48:01If this candle actually has a pretty
48:03strong close.
48:07Where these two orders stepped in and
48:09where
48:10there was a little bit of absorption
48:12but failure for rotation, so
48:17Right now
48:19currently
48:21we got our eyes set on this level.
48:24If we can get above it, I think we're
48:25good, but
48:27we're going to be watching it.
48:31Um the yellow means
48:34that it's
48:36uh
48:37an unusually large participant that
48:39stepped into the market. It's basically
48:41a big trade.
48:42It and it means it's bullish. Like it
48:44was a buy.
48:51Right now, I'm actually going to trail
48:52the stop below this hourly
48:55wick.
48:58Which if we're on a 5 minute is like
49:00right there.
49:02So
49:12because we're approaching we're
49:13approaching this area anyways, like
49:17we're approaching it, so I'm going to
49:18begin to trail the stop now.
49:23Unfortunately, we
49:25got stopped out the first time we tried
49:27to take shorts down there or we tried to
49:29take longs down here when we first
49:30tapped into it.
49:33Cuz I was thinking that we could
49:35potentially get like a
49:37a fast snap off of it, but
49:42put me in drawdown, so
49:46Yeah. It's all good, though.
50:07Let me see. So far, we have gone 100
50:10points into profit.
50:13So, we'll see if it's going to
50:14turn around
50:16or if we're going to continue.
50:20But, I'd like to give it room to try and
50:22let it like
50:24try and let it run a little bit.
50:35I'm just watching this right here.
50:47Yeah, this is not a bad place to take
50:49profit. I mean, if you got in where I
50:51got in, like
50:53bro.
50:55We're up like 100 points.
50:57So.
51:00You can't be mad about 100 points, you
51:01know what I mean?
51:02But,
51:04I'm holding.
51:07Which may or may not be a good idea.
51:09So.
51:10The Thrax confluence. I love it.
51:43We must diamond hand it.
51:52Actually,
51:54because I just got massive balls, I'm
51:56going to remove the TP.
52:14So, here we are, right? We're in this
52:16area. If we I'm watching right now to
52:20see
52:22if we're going to be able to get past it
52:23or not.
52:36We tapped into this level.
53:04Uh I don't really use VWAP.
53:07So, no, I don't.
53:30I'm going to scale one out right here.
53:32>> Order filled.
53:35That way that at least today will count
53:37as a winning day.
53:41Because
53:45look at us. There's a There is a
53:47potential right now that we can
53:51do this.
54:02So, we only have two micros now.
54:08The only reason why I I took one off is
54:11because we pushed into that level and
54:13then we
54:15First of all, I'm in drawdown I was in
54:16drawdown. Now, I'm not, but we pushed
54:18into that level and then we kind of
54:22got absorbed a little bit.
54:25Like, let me show you.
54:29You see all this this positive delta up
54:31here?
54:35Slightly concerning.
54:38Slightly concerning.
55:00So, we have the new 15-minute opening.
55:09No, I don't watch ES, either.
55:24If we could push past this, I think
55:26we're Gucci.
55:50Watching this here. We could push past
55:53it, we're good.
55:55If we push past this, by the way, I'm
55:57going to trail my stop like right here.
56:02So, we could lock in what would it be?
56:06I don't know. Like 80 points or
56:08something.
56:13Yeah, like 80 points.
57:17The only thing that's kind of bothering
57:19me right now is we didn't make a wick on
57:20this 15-minute candle.
57:29So, because of that,
57:32we'll scale one out at the highs.
57:35If we get up there before it comes down.
57:38Actually, nah.
57:40We only have two micros, dude. Who
57:41cares?
57:58Thanks, Wavey.
57:59We're going to see if it can continue,
58:01otherwise
58:02we're we're literally at this area that
58:06is the only thing stopping me.
58:09I think this is the only thing in our
58:10way right now from TP.
58:14And now we're coming back to create the
58:16wick on the 15-minute.
58:321.5 R.
58:34What is this?
58:373.5 R.
58:40If it even gets up there.
58:44This is not a good sign.
58:46Just so you guys know.
58:48The fact that we pushed into
58:51this area that we're watching
58:53is a not a good sign.
59:36>> If we push back up right here,
59:39I'm going to trail my stop literally
59:40right below this large sell order.
59:47If we don't accept further past it.
59:58This is a
1:00:00bad looking 5-minute candle, though.
1:00:03This is very bad
1:00:07for our continuation attempt here.
1:00:37And the 15,
1:00:38all right, we're cooked. We're cooked.
1:00:40It It rejected off of this area. So,
1:00:46just so you guys know, like I said
1:00:47earlier, if I was in more contracts, I
1:00:49probably would have scaled some out
1:00:50here. I scaled out one, but I only had
1:00:53three micros to really begin with.
1:00:55And now there's a chance, like I was
1:00:57mentioning, where we put in a low, we
1:00:59put in a high, and we can just start
1:01:01We put in a low, we put in a high, and
1:01:03now we could potentially just start like
1:01:07consolidating in this area.
1:01:10But, it's all right. I wanted to give it
1:01:11a shot. We're still technically in, but
1:01:14I think it's actually going to take me
1:01:15out.
1:01:19But, we'll lock in a winning day. It
1:01:21won't be a lot. We'll just be up like
1:01:23$200.
1:01:28Actually less than that. We'll be up
1:01:30like 190 bucks.
1:01:35But, I'm all right with that.
1:01:37Better than a losing day.
1:01:51Uh how many ticks on the highest micro?
1:01:54I don't know.
1:02:00252
1:02:05.25
1:02:0881 points.
1:02:19I'm trailing the stop below that wick,
1:02:21below this wick right here.
1:03:33Order filled. All right, we got taken
1:03:35out of that.
1:03:39So,
1:03:41just a recap of why we took this trade.
1:03:45Bias is bullish.
1:03:50I was watching this area, which was the
1:03:52call wall. We opened above call wall.
1:03:56When we came down into this area, I was
1:03:58looking for how
1:04:01the auction would actually resolve here.
1:04:03We tried to continue to push lower on
1:04:05the footprint that I was looking at, and
1:04:08sellers were getting absorbed in this
1:04:10area. So, the moment that this candle
1:04:13pushed down, and then we started popping
1:04:15back up, or maybe it was this candle, I
1:04:17can't remember.
1:04:19Um I went long.
1:04:21And then the target was going to be
1:04:23all-time high, and then the full target
1:04:25is
1:04:26all the way up here
1:04:28at like 27,000 something. But,
1:04:32um
1:04:33we had this level I was watching
1:04:35on Tanuki Trade
1:04:38for a gamma level, but
1:04:41I can't um usually what I would do right
1:04:44here is I'd probably scale some out, but
1:04:46because I
1:04:48got in down here with three micros,
1:04:52um I really didn't have a lot of room to
1:04:53work with, so
1:04:58Well, I'm I'm showing this screen right
1:04:59now.
1:05:01You can see it. But, anyways, so I
1:05:04scaled one out up here because I knew
1:05:06there was a potential that we could
1:05:07actually put in a high right here, and
1:05:09then now we may rotate the rest of the
1:05:12day.
1:05:13But, I couldn't I didn't want to take
1:05:15full profit here,
1:05:17cuz I wanted to give it a chance to run.
1:05:19But, we took one off. So, we're up 200.
1:05:23It's kind of whatever.
1:05:26It was a fire trade, though.
1:05:29It was a fire trade.
1:05:31If you would have used bigger size.
1:05:33So, that's it.
1:05:35That's as much as I'm going to do today.
1:05:39I will
1:05:40um
1:05:45I'm going to
1:05:47I got some stuff I got to do. I'll talk
1:05:49to you guys tomorrow.
1:05:51If you caught that, and you got out at
1:05:54the top, good [ __ ]
1:05:58I got out for like, I don't know, 50
1:06:0050 points or something, 200 ticks
1:06:03with the rest of my contracts.
1:06:08All right, I'll catch you guys tomorrow.
1:06:09Peace.

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