๐ด Live NQ Futures Trading | Order Flow & Prop Firms โ Transcript
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- 0:08How are you guys doing this morning?
- 0:13>> Am I trading on YouTube? Yeah, I'm going
- 0:15to be on YouTube this morning,
- 0:18>> but I'm only going to do Fridays
- 0:23for YouTube.
- 0:26I'm just trade in the Discord.
- 0:28[laughter]
- 0:37>> Yeah,
- 0:38they just might be
- 1:11So, I'm going to wait a little bit
- 1:12because obviously it's pre-market before
- 1:15I talk about what I'm looking at.
- 1:39But it is Friday and we have a three
- 1:44day weekend. We have Labor Day, right?
- 2:13So, looks like Monday is a federal
- 2:15holiday.
- 2:36No,
- 2:38the price and deep chart and rhythmic is
- 2:40the same. I mean, if you're looking at
- 2:43the same uh
- 2:46if you're looking at the same asset
- 2:50should be,
- 2:51especially if you're using rhythmic in
- 2:54deep charts.
- 3:23Dude, did you guys see the data for NFP?
- 3:30Sheesh.
- 3:40Oh, they were expecting a forecast of uh
- 3:45what is it?
- 3:4855,000 and it was 162,000.
- 3:54So
- 3:59it's probably
- 4:01in terms of rate hike.
- 4:41So, we'll see. So, now that we got some
- 4:43people in here, actually, we'll wait a
- 4:45little bit because there's still not a
- 4:46lot of people in here.
- 4:49What's up, YouTube? I've been gone for a
- 4:52couple days and honestly, those days
- 4:55have been have been great. Unfortunately
- 4:57for you guys, for the for the
- 5:01YouTube chat.
- 5:57the superstition. What superstition?
- 6:05The YouTube superstition.
- 6:20Now, last two days have been pretty good
- 6:22though. Been green days. We caught 80
- 6:24points day prior, then we caught 75
- 6:27points yesterday.
- 6:31And now here we are for NFP.
- 6:36Way more jobs than expected.
- 6:41And we had a nice little push down. We
- 6:44grinded up. We grinded up all night just
- 6:47for it to get wiped out in two minutes.
- 6:50So now we still haven't taken Asia lows
- 6:52yet, but um we're sitting right around
- 6:55here. And what I'm watching for this
- 6:57morning is um I'm paying attention to
- 7:01the fact that NFP just pushed us back
- 7:02into prior RTH value area. So, for us to
- 7:06actually be bullish, we would have to
- 7:08get, in my opinion, and what I'm looking
- 7:10at, we would have to get back above um
- 7:15kind of like this 580 area and hold
- 7:17above here.
- 7:19Otherwise,
- 7:20if we open up and we see us, it's we're
- 7:24going to be opening pretty close to it.
- 7:26But if we open up and buyers try and get
- 7:28back up above prior RTH value area high
- 7:32and they fail, um we may start making a
- 7:36leg down. And then where I would be
- 7:39watching for us to go is to begin to
- 7:41rebalance some of the pump up from
- 7:44yesterday down into maybe the 400s.
- 7:50Although today since it's NFP,
- 7:53I'll probably be
- 7:56relatively passive about it or I'm not
- 7:59really going to touch my funded
- 8:00accounts. I'll probably trade an eval
- 8:02unless it looks pretty good and we'll
- 8:04just we'll see what happens.
- 8:12But this here
- 8:16is going to be basically the most
- 8:18important area on the map. And not only
- 8:20that, but we're coming out of a 4hour
- 8:22premium right now.
- 8:29So,
- 8:48it's not the cleanest one, though.
- 9:14What up, Nicholas?
- 9:22I'll try not to. Yosh.
- 9:28Although, you know what? No one No one
- 9:29told you. I'm just doing me. I'm just
- 9:33over here doing me.
- 9:38You don't have to
- 9:42do the same thing as me.
- 9:49>> What up, King Midas?
- 10:00Do I even read chats? Yeah, I do. But
- 10:03you know what?
- 10:05I'm actually going to slow down on that
- 10:07because
- 10:08I need to focus on trading when I'm
- 10:10trading. You know what I mean? But if
- 10:13there's ever slow times,
- 10:16I'll definitely
- 10:18answer uh questions.
- 10:22But I was I was just getting lost in the
- 10:26sauce there answering a bunch of
- 10:27questions in the middle of the sessions
- 10:28and it was it was affecting the way that
- 10:31I traded.
- 10:34It was way more chill. It felt really
- 10:35weird actually. On um Wednesday
- 10:39I didn't stream on YouTube or Discord. I
- 10:42was just like trading by myself and it
- 10:45was the first time that I haven't
- 10:47streamed in like
- 10:52like nine months.
- 10:55So I was trading New York just in
- 10:57silence.
- 11:00It
- 11:00>> was rather peaceful.
- 11:03It was rather peaceful.
- 11:13What's up with the indicator on deep
- 11:15charts that brings up those big trades?
- 11:17or what's the what's the indicator on
- 11:20deep charts that brings up those big
- 11:22trades
- 11:26box defender
- 11:28I think I think you can make an educated
- 11:31guess on what it is I don't mean to be a
- 11:33dick but you're asking what's the
- 11:34indicator on deep charts that brings up
- 11:36big trades
- 11:47Yeah, it's called big trades.
- 11:58They have they have a version called uh
- 12:01uh deep trades and big trades and
- 12:09Yeah, I use uh I use big trades though.
- 12:12I think it's called deep trades. I use
- 12:14the one that's the big trades.
- 12:25Uh these boxes on my chart come from my
- 12:27Outlook.
- 12:29So, I've been working on something for a
- 12:31while now that the
- 12:34that most of you guys don't know exists,
- 12:36but
- 12:39I essentially have this indicator that
- 12:42takes my outlooks from something that I
- 12:44have called the auction desk, right? And
- 12:47then it plots it on Trading View of what
- 12:50I'm looking at. Although something to
- 12:52note about
- 12:55these levels here on this chart is these
- 12:57are not just like boxes you're looking
- 12:59to take reversals off of. They're just
- 13:02letting me know where things are at on
- 13:03Trading View. So, for example, like um
- 13:10val like uh volume profile stuff as well
- 13:13as
- 13:16gamma stuff
- 13:18and whatever else it might be. composite
- 13:20profiles whatever that are coming from
- 13:22deep charts is or my pre-market plan is
- 13:27getting printed through this as an indic
- 13:30like basically look I'll show you
- 13:35it's an indicator and I get this data
- 13:38every morning and dump it in here and
- 13:41then it prints the levels
- 13:44I'm working on it because maybe one day
- 13:47I will share it with everybody
- 13:50But I want to make sure it's good
- 13:53before I just send out an indicator to
- 13:56the masses that plots boxes on the
- 13:59screen. Don't don't teach anybody what
- 14:01it is. And then you have a bunch of
- 14:02people just taking trades off of boxes
- 14:04and then they have no idea what's going
- 14:06on and then they blame me for losing
- 14:08money. So, we're going to we're going to
- 14:10try and avoid that one. I think is a
- 14:13good idea.
- 14:15But it's pretty cool. It is pretty cool.
- 14:18When I make a video about it, you guys
- 14:20will see. I've been working on it for a
- 14:22while.
- 14:43All right. So, we're kind of opening up.
- 14:45We may potentially open up in the area
- 14:48that I'm kind of paying attention to.
- 14:53NFP dropped us back into prior value
- 14:56area. This is this red box is basically
- 15:00prior value area high
- 15:04for us to continue up. We do need to
- 15:06kind of get back above here and hold
- 15:10above here. not just like open up, you
- 15:14know, kind of wake up on a run and
- 15:16everyone's like, "Oh, we're going up."
- 15:17And then it slams back down. So, because
- 15:21we're in we're kind of in here, it'll be
- 15:24important to kind of watch. But being
- 15:26that this is
- 15:30the data candle here, you know, we could
- 15:34rebalance some of it. So, I wouldn't be
- 15:36surprised if we overshoot a little bit
- 15:38if we are going to come down.
- 15:49Are you talking about this?
- 15:56I look at it.
- 15:59It's on my other screen.
- 16:08You know, when I first got into order
- 16:10flow trading, bookmap was the very first
- 16:12thing I ever got. Like
- 16:16I don't know, like almost three years
- 16:17ago at this point.
- 16:22It was great. But honestly, I don't
- 16:24understand how
- 16:26their business model is going to be
- 16:28sustainable.
- 16:32>> I don't get it.
- 16:34because you have all these other
- 16:35orderflow platforms with better
- 16:37footprint charts with better with more
- 16:39features with more things
- 16:42and
- 16:44>> bookmap is just a heat map.
- 16:47So what happens when the order flow
- 16:48platforms create heat maps that are just
- 16:51as good as yours which is already
- 16:52happening?
- 16:54Well,
- 16:56I'm shorting that stock. No, I'm just
- 16:58joking. But yeah, it doesn't make sense
- 17:02that that it doesn't make sense. They
- 17:05got to do something.
- 17:10Ron,
- 17:11are you talking about this?
- 17:16I can't show Okay.
- 17:19I can't show it on my uh I can't show it
- 17:22on my stream. I'm sorry.
- 17:24I I I
- 17:26am restricted in what I'm allowed to
- 17:28show on stream.
- 17:44>> Why am I back on YouTube? Well, I'm
- 17:47waiting. I'm gonna I'm gonna mention
- 17:48that in a moment. I'm probably going to
- 17:51not stream every single day on YouTube,
- 17:52but I'm going to stream every day on
- 17:54Discord.
- 17:58I may stream once or twice a week on
- 18:02YouTube. I'm thinking like Friday
- 18:07and um
- 18:12probably let's just start out with
- 18:13Fridays. Although
- 18:16I might wait to do that because
- 18:21right now there's a bunch of live
- 18:22streams. All my recent live streams on
- 18:24on YouTube just suck ass. So like I
- 18:29can't just leave that there.
- 18:32We got to Here's what we'll do. We'll
- 18:34have We'll have some No, you can't
- 18:36delete them. That That's That's where
- 18:39you start to become dishonest. It
- 18:42happened. You know, I I went into a draw
- 18:44down period. I lost on a pretty
- 18:47consistent losing streak and uh it was
- 18:50broadcasted to YouTube. That's just part
- 18:53of trading. It's going to have to sit
- 18:54there. Um
- 18:57otherwise, you know, who am I? That that
- 18:59would make me some some shady character
- 19:01if I deleted the bad times because
- 19:03that's just dishonest. Uh, but I'll
- 19:06probably wait till, you know, we have
- 19:08some recent streams that are decent
- 19:11and then, um,
- 19:13and then I'll cut back on the YouTube
- 19:15streaming, honestly. [snorts]
- 19:20Go full guru mode.
- 19:23Just delete every bad trade that I've
- 19:25ever had. Let's just start renting out
- 19:27Lamborghinis and then uh and then make
- 19:30all these videos about how this one
- 19:33setup changed my life and that you can
- 19:36learn it all for uh
- 19:39cheap. Um
- 19:42no, the guru method actually is this.
- 19:46Contact a CFD broker offshore.
- 19:49tell them that we're gonna run a we're
- 19:50going to run a partnership deal where I
- 19:53will I will tell everybody I'm gonna
- 19:55push to the masses that prop firms are a
- 19:57scam and they're better off using their
- 19:59own money and then push them all towards
- 20:03a CFD where I get a percentage per lot
- 20:06that they trade from the broker and in
- 20:09return for that I'm also going to be um
- 20:14working side by side with the broker to
- 20:16fake broker statements and also to give
- 20:19me fills that didn't exist to make it
- 20:22look like I'm taking great trades and
- 20:24then after all that I'd go to hell,
- 20:26right?
- 20:27Does that sound familiar? I wonder if
- 20:29there's anyone out there who does that.
- 20:32H
- 20:37I wonder if anyone out there does that.
- 20:44Why do you never trade with actual funds
- 20:46on stream? I do sometimes. Although I
- 20:50haven't been trading my live accounts
- 20:51recently that much.
- 20:55Yeah. When the broker gets exposed, I'll
- 20:58make a video about uh I had no idea what
- 21:01was happening.
- 21:03Just play the play the stupid card.
- 21:09No, it's crazy, dude. The trading space
- 21:11is pretty messed up. There's a lot of a
- 21:13lot of bad actors in the space.
- 21:17people who are just trying to take
- 21:19advantage of people.
- 21:31I don't have early access to that stuff
- 21:32I was looking at though, Nicholas.
- 21:58So, we're about to open up here. Let's
- 22:00see what we do. We're currently sitting
- 22:03right around prior RTH value area high.
- 22:13If we can actually accept above it, then
- 22:14we may make another attempt even towards
- 22:16data highs, which would be interesting
- 22:19because we are coming out of a 4 hour
- 22:20premium NFP pushes down. It wasn't the
- 22:23best NFP report uh in terms of
- 22:26information heading into FOMC meeting.
- 22:36It's a little congested down here in
- 22:38terms of levels, but if we actually
- 22:40begin to break past this, we're probably
- 22:42dropping down towards 400.
- 22:47So, we'll sit here. We'll wait to see
- 22:48what happens.
- 22:51I'm going to be a little careful today.
- 22:57Might trade an eval. I have I have I
- 23:01have like a couple evals that I need to
- 23:03pass.
- 23:10Unless it looks good, then I'll switch
- 23:11over to my one of my fundeds.
- 24:03Oh, have I used quant tower before?
- 24:04Yeah,
- 24:14very briefly.
- 24:39So, as we push above this area, the
- 24:41important thing is to see if we're
- 24:42actually going to hold it or not, or if
- 24:44it's just going to be like a
- 24:48overshoot before we slam back down.
- 25:00Otherwise, if we build value above here,
- 25:02we're probably going up and trying to
- 25:04attempt to hit data highs. But
- 25:12we'll see what happens.
- 25:32simultaneously on two separate systems.
- 25:34The sounds are blended together.
- 28:54Dude, for some reason on this other
- 28:56chart doesn't have a price axis. I can't
- 28:57move it around.
- 29:01Whatever. I'll have to figure that out
- 29:02later.
- 30:25I don't really want to take a trade in
- 30:27this area.
- 30:29Although it is starting to look like um
- 30:43that we're likely probably going to hold
- 30:44above um
- 30:47value area high for the time being.
- 31:07What separates you from all the other
- 31:09fake gurus?
- 31:11Um, I don't know.
- 31:14I don't really li I don't lie about
- 31:15anything.
- 31:17I live stream every day. You you guys
- 31:19just witnessed me lose every single day
- 31:23for like two weeks straight.
- 31:27Would a fake guru do that? Probably not.
- 31:32I have a free Discord.
- 31:34I stream for free.
- 31:37I make a bunch of content up for free.
- 31:41I don't know.
- 31:43What do fake gurus do? They just lie.
- 32:04How do you define value area? Well, you
- 32:06look at a volume profile. You see where
- 32:08se typically you see where 70% of the
- 32:10volume was transacted.
- 32:24And then wherever value area stops is
- 32:26value area high. Wherever value area
- 32:28stops below is value area low.
- 32:31Where the most amount of contracts are
- 32:33concentrated inside a value area is
- 32:35typically the PC.
- 32:41Yeah. Currently live on YouTube right
- 32:43now. Alex, but we gotta here's here's
- 32:47the plan.
- 32:49I can't stop streaming on YouTube and
- 32:51leave it with those bad streams. We're
- 32:53going to get a couple decent streams in
- 32:54there and then I'm probably just going
- 32:56to stream on YouTube like once a week.
- 33:02[laughter]
- 33:06So YouTube, with that being said, the
- 33:09200 of you sitting in here, if you want
- 33:11to see me stream daily, I'm will be in
- 33:13the Discord
- 33:17>> daily.
- 33:40pin the Discord. Yeah.
- 33:43Where's Spaghetti at?
- 33:58Hold on. Let me let me get a link for
- 34:00you guys.
- 34:10I believe this should work.
- 34:14I believe this should work.
- 34:29Whoops.
- 34:30Didn't mean to unpin that.
- 34:38My market read right now. Well, I'm
- 34:41saying that we're above prior value area
- 34:44high from yesterday's RTH.
- 34:48And I'm waiting currently because we're
- 34:51kind of just
- 34:54sticking around right here for the
- 34:56moment.
- 34:57If we try and get back below,
- 35:01if we if we have sellers trying to
- 35:02reclaim back below and they fail, then I
- 35:04might look for a long opportunity
- 35:06because if we hold above here, then we
- 35:08may try and make our way up towards 680,
- 35:10690 and then data highs basically.
- 35:16But I don't want to take it in here in
- 35:19the middle.
- 35:27So I'd rather wait for something like
- 35:28this. Seller failure
- 35:32or
- 35:34successful reclaim. Buyers try and get
- 35:36back above. fail short
- 35:41or
- 35:44plan plan C. We just move up. We pump.
- 35:48We pump. We pump. And then I'm going to
- 35:49be watching what happens around the 680
- 35:51area.
- 35:53680 690 data highs.
- 36:10Don't ddle in the middle.
- 36:18Yeah, it looks like we're we're seeing
- 36:20um
- 36:25seeing sellers try and push down here,
- 36:28but they're not being real successful
- 36:30with it.
- 36:36Is Trump actually talking right now?
- 36:40Yesterday.
- 36:41Yesterday when he said that and Mason
- 36:44got wrecked.
- 36:47That was a sad That was a sad
- 36:50Oh, he is talking right now.
- 36:57He's talking about NFP data.
- 37:00Oh great.
- 37:06He's saying a strong country means a
- 37:08lower interest rate.
- 37:10He said lower rate or I'll stop trading
- 37:13with countries which we have a deficit.
- 37:20Bro, can this guy just shut up for a
- 37:21bit? Like can can I just get some
- 37:26can I just get like a normal day of of
- 37:28trading for for like just
- 37:32just for this nostalgic factor of it
- 37:34like without having to worry about just
- 37:43[laughter] Dude, it was funny as I was
- 37:44reading that out, we just saw like a
- 37:46nasty uh nasty spike
- 37:55All right. Well, you know what? I guess
- 37:57it is what it is. Adapt or die. We just
- 38:00got to deal with it
- 38:03and we just wait. We'll just wait for
- 38:05for what we're looking for.
- 38:38I'm in short. Let him talk. All right.
- 38:41What if he What if he says something
- 38:43super bullish right now, though?
- 38:48Yeah. I wasn't live on YouTube for two
- 38:50days, but I I was in the Discord. I was
- 38:54in the Discord.
- 39:27So, this is a pretty good sign for us to
- 39:29continue higher. The only thing is I
- 39:31just I don't really want to trade it
- 39:32right here to be completely honest. Um,
- 39:45although it's looking pretty good. So,
- 39:46we just watched a lot of selling
- 39:48aggression pushing back into value area
- 39:50high
- 39:54and failed to reclaim it, which is
- 39:56exactly what I was talking about. But
- 39:57just due to the reason due due to the
- 39:59fact that
- 40:03Trump is like saying stuff, I probably
- 40:06might just pass on it for now.
- 40:14Although this is what this is what I was
- 40:16looking for though. So if we do you know
- 40:19we watch sellers push down aggressively
- 40:21and they fail to reclaim back below
- 40:24value area high from the pri prior
- 40:27regular trading hours.
- 40:32then um
- 40:36we can see us keep digging up uh keep
- 40:38grinding higher towards the 680 690s,
- 40:43but we'll see.
- 40:57M. You thought this was a vape?
- 41:02That'd be a crazy vape. I don't vape,
- 41:05dude.
- 41:08Only Only unprofitable traders vape.
- 41:12[laughter] No, I'm just joking. I just I
- 41:14I don't vape.
- 42:48Hey,
- 42:53hey,
- 42:58hey.
- 43:16You got me.
- 43:21You are me.
- 43:30You are
- 43:46happy.
- 44:05So, there's just I'm just waiting.
- 44:07There's really not a lot going on right
- 44:08now that I want to
- 44:11participate in if we're going to be be
- 44:13stuck right here like this.
- 44:18Step.
- 46:25You said think you think it's going to
- 46:26break to the downside before long. I
- 46:29don't think so.
- 46:35Every single attempt of sellers that
- 46:36have tried to come in even to get back
- 46:38below value area high has failed.
- 47:27Do you have any videos of entry miles
- 47:28for reversals? Uh, there's one from a
- 47:31very long time ago.
- 47:42Like I don't know, maybe a couple years
- 47:44ago now. almost two years ago.
- 48:05What up, Archangel?
- 48:37So, we're pushing up into this 690 68690
- 48:40area.
- 48:45We have a cluster positive gamma sitting
- 48:47here right around the NQ data right
- 48:49around NFP data highs.
- 49:09If we get past this though, like if we
- 49:12if we get past this area,
- 49:15we're probably
- 49:19potentially going to see a grind up this
- 49:21morning, which I won't trade.
- 49:50Yeah, we have the inferno. That is
- 49:53right. We have the 4 hour candle opening
- 49:55up here in three minutes.
- 50:01There hasn't really been a whole lot
- 50:02this morning besides this. This is the
- 50:04only thing I was watching for, but I
- 50:05didn't take it.
- 50:36Thank you.
- 51:04What am I waiting for? Well, I'm first
- 51:05of all, I'm waiting for the 4hour candle
- 51:07to open, but I'm also watching us
- 51:11push up into this area where we have
- 51:13data highs as well as a positive GEX
- 51:16cluster sitting.
- 51:18I'm going to see if after we take data
- 51:20highs here if we're going to continue to
- 51:22push up or if we're going to start mean
- 51:24reverting back
- 51:28towards like 600
- 53:37So if this is about to open up right now
- 53:39and immediately push down.
- 53:42And if we [clears throat] get a little
- 53:42bit deeper towards 650 without us
- 53:46taking data highs,
- 53:50I may look to try and take a long
- 55:43I'm going to enter into a long position
- 55:45here
- 55:49with a stop around Um
- 55:59637
- 56:54Yo, is there slow mode enabled in this
- 56:57uh in this chat on Discord?
- 57:05Oh.
- 57:10Yeah, we'll try and fix we'll we'll fix
- 57:11it.
- 58:20very
- 58:25special
- 58:32system.
- 1:01:34>> [laughter]
- 1:01:59[laughter]
- 1:02:14>> All
- 1:02:27right, we failed to hold above 650.
- 1:03:26All right, we got stopped out of that on
- 1:03:27this lucid eval.
- 1:03:29We'll wait.
- 1:05:51Happy
- 1:06:05It's rather impressive, huh?
- 1:06:21>> [laughter]
- 1:06:45>> I'm still looking at this and I'm not
- 1:06:47necessarily convinced that we're going
- 1:06:49to get back below this area.
- 1:06:53I don't really think it's likely
- 1:08:58I'm going to try it one more time on the
- 1:09:02longs here
- 1:09:06on this evaluation.
- 1:09:27We're aiming for us to get back up
- 1:09:28towards uh the 690
- 1:09:32700 area. Although if this gets stopped
- 1:09:34out, the losing streak continues. And
- 1:09:38then honestly, I'll probably just call
- 1:09:39it a day because it's pretty
- 1:09:41frustrating. Every every single time I
- 1:09:43get on YouTube, what I I just like lose.
- 1:09:56That's all right.
- 1:10:11All right. Well, if you faded me, you
- 1:10:13had a great day.
- 1:10:16Yeah, I need a longer YouTube break. All
- 1:10:18right, YouTube.
- 1:10:21The losing streak continues. It's
- 1:10:23actually rather impressive.
- 1:10:26Um,
- 1:10:28I'm going to end the YouTube stream. I'm
- 1:10:29going to stay on Discord, though. So see
- 1:10:31you later YouTube.
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