๐ด Live NQ Futures Trading | Order Flow & Prop Firms โ Transcript
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- 0:00pre-market a lot of the times,
- 0:02but it was just looking pretty good. So,
- 0:05I'll explain it in a moment. But what I
- 0:09want to see though is
- 0:11basically this morning I'm
- 0:13[clears throat] watching the uh this
- 0:16area here between 9:26 and 950.
- 0:20We were really struggling to get past
- 0:22this area
- 0:24all all pre-market essentially.
- 0:28We're not really getting follow through
- 0:29to the downside yet, which is why also
- 0:32pre-market,
- 0:34you know, I'm just going to go two
- 0:36micros. But if we do kind of build some
- 0:39distance between
- 0:43where price is now
- 0:46and or where price is at the open once
- 0:49we actually open up and where my um
- 0:54entry is at or where I'll move it to
- 0:56break even if we continue down then I'm
- 0:59there may be an opportunity for me to
- 1:01try and add into the position and stay
- 1:02break even
- 1:06and And then the target, if I'm target,
- 1:08it's all the way down here.
- 1:12But we'll see what happens. Sometimes
- 1:15these pre-market moves, uh, these
- 1:17pre-market trades
- 1:20work out. Sometimes they just come back
- 1:22up, hit me out of break even. But it's
- 1:24like a I mean, we're using two micros.
- 1:26We're going for like a 10R right now.
- 1:35But if we get the opportunity to add, I
- 1:37am for sure going to add.
- 2:01>> How are you guys doing this morning?
- 2:07CTR. Wow.
- 2:16The man, the myth, the legend. Where has
- 2:18he been?
- 3:07The good news is that at least we um at
- 3:10least we didn't just go straight upwards
- 3:12during the overnight session. That would
- 3:15have sucked.
- 3:20doesn't mean we can't just continue,
- 3:21right? Because the idea for me is if we
- 3:23do accept above here, we're probably
- 3:27headed to 30. We have 30,000 sitting
- 3:29above us. So, we got a psychological
- 3:31level sitting above us and then we can
- 3:33just continue this grind up and then
- 3:35target the call wall.
- 3:39So, this is kind of like the decision
- 3:41area for me this morning.
- 3:54But hopefully we build a little bit of
- 3:57distance in between where I entered and
- 4:01where price opens up at the open.
- 4:05And then if we see an opportunity like
- 4:06let's say at the open right we see us
- 4:09essentially just open up push up fail.
- 4:12I'll probably add into this.
- 4:20Uh this is a funded account. This is six
- 4:22funded accounts.
- 4:28But we went two micro. So we're only we
- 4:30we were only risking like 43 bucks.
- 4:33And the full target is like way down
- 4:35here
- 4:37around that 800 level. That 800 level
- 4:40held up pretty well
- 4:42um during the overnight.
- 4:57But we'll see what this uh the five
- 4:58minute does before
- 5:03the five minute candle before the open.
- 5:06And then we'll probably end up just
- 5:08moving this to break even.
- 5:22The good news is though is that we're
- 5:23really not risking anything. It's like
- 5:24we're risking 40 bucks, you know, and
- 5:26then we're going to see if we can have
- 5:27an opportunity to add into it and stay
- 5:29at break even.
- 5:40But we've just been kind of chopping
- 5:41here. So,
- 6:00how do you spot imbalances like 950?
- 6:02What do you mean imbalances
- 6:09talk? Are you talking about this?
- 6:19Oh,
- 6:21this level comes from this current leg
- 6:24during London. If we are going lower,
- 6:26then we have premium sitting up here.
- 6:31If we start getting above it and
- 6:32accepting past it, then we're continuing
- 6:34this value up structure that we've had
- 6:36for like the past two days.
- 6:38And also sitting right here is um
- 6:42the second largest positive next uh
- 6:45positive GEX node.
- 6:47So treat it kind of like a zone.
- 6:51So in the event right where we get above
- 6:53this
- 6:54we have acceptance above um
- 6:58because it' also be acceptance above
- 7:04the extended trading hours which is
- 7:06sitting right around
- 7:09the val the the value area high of the
- 7:12ETH which is sitting right around 29920
- 7:1529 916
- 7:20then we can potentially see us grind
- 7:21signed up and then we'd be looking for
- 7:22us to come up here.
- 7:30So there's that 5m minute candle before
- 7:32the open.
- 8:16But hopefully Hopefully we have uh you
- 8:18know some type of opportunity today. I
- 8:21maybe because the honestly because the
- 8:23risk was so small, I probably should
- 8:25have sized heavier, but I don't really
- 8:27like uh trading pre-market a lot of the
- 8:29times because I'm just worried about
- 8:33the open
- 8:36the opening print.
- 9:12Good afternoon, Ricky.
- 9:24>> Also
- 9:27I am uh
- 9:30I now have a code for uh deep charts. So
- 9:33if anyone wants to ever get deep charts,
- 9:35you could use code thrax for I don't
- 9:37know how much the discount is but
- 9:40some type of discount
- 9:4510%. All right. Well, there you go. Want
- 9:48to save yourself some money? Codrax.
- 10:19All right. All right, we'll get stopped
- 10:20out and lose our 40 bucks and then we're
- 10:22going to wait for the open. We're still
- 10:24watching. It's uh we're going to open up
- 10:27basically at the area that I'm paying
- 10:28attention to this um
- 10:33this level essentially here.
- 11:11dude. If we just get another pump today,
- 11:13that'd be kind of crazy.
- 11:15It would literally be a repeat of that
- 11:17two week period of time in April.
- 11:26But here's a level. If we stay above it,
- 11:28if we accept above it,
- 11:33we'll take it. And we got room to the
- 11:35upside.
- 11:37It might be a slower gr a slower grind
- 11:39though to the upside. But
- 11:44we could essentially basically like
- 11:49pump balance pump balance pump just like
- 11:52value up.
- 11:59Although, I'm gonna be real though. If
- 12:01we literally just open up and just
- 12:03straight pump, like no pullback,
- 12:05nothing, and we just come straight up
- 12:07here without any opportunity,
- 12:10then unfortunately, like again, I'm not
- 12:13going to be able to trade today.
- 12:25So, let's see if we can actually stay
- 12:26above this area.
- 13:05Trump says buy stocks on Wednesdays.
- 13:09I don't know about that.
- 13:17We still didn't we didn't even hit
- 13:1930,000 there.
- 13:21It's just right there.
- 13:31I'm actually going to test out a long
- 13:33right here because we just pushed down
- 13:34back into this level and we're holding
- 13:37above it.
- 13:43The stop is basically right below the um
- 13:47the wick on this fivem minute. We're
- 13:50looking for us to tap into the
- 13:52psychological level at 30,000 and then
- 13:56I'm watching the pressure here after it
- 13:59potentially takes the orders. Unless
- 14:02we're just going to slam back down, then
- 14:04you know the full target though is going
- 14:06to be for
- 14:13kind of way up there.
- 14:48All right, we got stopped out of that.
- 14:49So now we're down 400
- 14:52on these accounts.
- 15:37Lame.
- 15:47That's so lame, dude. Whatever.
- 15:52>> All right, so we just hit 30,000. We'll
- 15:54see if we actually continue past it.
- 16:27What up data loss?
- 16:57>> [laughter]
- 16:58>> Your stop didn't deserve it. Yeah, it's
- 17:00unfortunate, but
- 17:04I mean the idea
- 17:06the idea was there, right? Like, so I'm
- 17:10This is why this is part of the reason
- 17:12why whenever I say we're opening like
- 17:13right at a level I'm looking at, I'm
- 17:15always like a little cuz we kind of
- 17:18whiplash sometimes at the open.
- 17:21But this is the most important level for
- 17:22me this morning. So like when we opened
- 17:24up, we pushed up, we saw us attempt to
- 17:27come back lower into um like sellers
- 17:31trying to reclaim back into this level
- 17:33here. And once we started to fail and we
- 17:36were pushing back up,
- 17:39I wanted to give it a shot,
- 17:42but it just like dip down one more time
- 17:43before taking 30,000. And then we're
- 17:45going to see if it's actually going to
- 17:46continue.
- 17:51If it does continue
- 17:55and it just rips its way up here towards
- 17:57the target
- 17:59here,
- 18:02we'll just have to take our L.
- 18:55Damn.
- 19:00Damn.
- 20:16Dude, I hope we come down though.
- 20:20Build some more structure to the
- 20:22downside.
- 20:34But we'll see what happens. I will say
- 20:36though because I'm down 400 on on these
- 20:39fundeds right now.
- 20:42If there's another opportunity, I'll try
- 20:44and take it. But I have to take it with
- 20:45smaller size.
- 20:48And if that one loses, I just got to
- 20:50shut it down.
- 20:52But
- 20:54we can try and make we can if there's an
- 20:56opportunity, we're going to try and take
- 20:57it. Although this is looking pretty na
- 21:00this is looking pretty nasty right now.
- 21:03>> [snorts]
- 21:04>> So, we got this area here we're watching
- 21:06this morning. We pushed above it. We
- 21:09held above it once. We're holding above
- 21:10it a second time.
- 21:14As of right now, we just saw all that
- 21:17pressure step in here.
- 21:25How big is this candle?
- 21:28100 points.
- 22:22Jeez,
- 22:27dude. I think my data is delayed. You
- 22:29guys see that?
- 22:33It was delayed for a second.
- 22:51Dude,
- 23:18Happy birthday.
- 23:39What an interesting open.
- 23:47>> We do have news though in uh
- 23:50what is it? We got PMI today.
- 24:03PMI.
- 24:08All right.
- 24:10We have
- 24:12in four minutes and in 20 or 19 minutes.
- 24:40But as long as we stay above here, I
- 24:42think we're still going to have a grind
- 24:44up towards this area.
- 24:47It's just whether or not
- 24:54Well, we have to see if PMI causes
- 24:56anything.
- 24:58I don't really think it'll do a lot, but
- 25:00it might.
- 25:05I don't really think it will, though. I
- 25:07don't really think it will.
- 25:31Yo, Hassan, there's no reason for you to
- 25:33apologize, bro. It has nothing to do
- 25:35with you.
- 26:16We're back at this area.
- 26:18Before we broke to the downside, we were
- 26:20struggling here pretty hard.
- 26:45Uh would have been nice if we just had
- 26:46some clean delivery.
- 26:49Came back, retested, went up and just
- 26:51had follow through.
- 27:38bro.
- 28:07He said, "Hey man, quick question. So,
- 28:11right now I I now
- 28:15know how to spot the start of a trend
- 28:17and get a position ASAP."
- 28:20What does that mean? Get a position
- 28:22ASAP.
- 28:24But your problem now is how to look for
- 28:26and enter when price is already in a
- 28:28rocket ship mode to ride it.
- 28:32Uh
- 28:35you mean you mean you're trying you're
- 28:37asking me how you can chase price
- 28:40[laughter]
- 28:42I mean I don't think that's I don't
- 28:43think that's a good plan. it might work,
- 28:46you know, in conditions like this,
- 28:48right? Or like what we had yesterday or
- 28:51the day before. If your strategy is if
- 28:53you're Mr. Chase it, right, then you
- 28:56know, you probably did pretty well,
- 29:05Mr. Chase it.
- 29:08But like, okay,
- 29:11you know, if if that is kind of how you
- 29:13trade,
- 29:16there are people who do that, by the
- 29:17way, you know, and are successful in how
- 29:19they do it. But if you're newer to
- 29:21trading,
- 29:24you know, you got to be careful doing
- 29:25that.
- 29:43He's describing jump in FOMO.
- 29:47You're asking how to use orderflow.
- 29:52Well, it's kind of a
- 29:57it's kind of a loaded question there.
- 29:59There's a lot of uh a lot to talk about
- 30:02with that. So, I'm going to leave you
- 30:04with this. I got some videos on my
- 30:07YouTube. Spend a lot of time on them.
- 30:09Take some time. Watch them.
- 30:19I can't, you know, I'm, you know, market
- 30:21it open. I can't necessarily give you a
- 30:23whole master class on like order flow
- 30:24and stuff. You know what I mean?
- 30:28I'm watching right now. I'm watching
- 30:30this idea that I had um
- 30:34play out without me.
- 30:44We're getting April vibes here. Look at
- 30:47this.
- 30:52Okay, so remember this, right? Remember
- 30:56this.
- 31:00Isn't it looking eerily similar? Pump,
- 31:04balance, pump, balance, pump.
- 31:08Pump, balance, pump.
- 31:10O,
- 31:13are we having a repeat.
- 31:16Next thing you know, we're at 34,000.
- 31:22I hope not, dude. Because
- 31:25for the way that I trade, those
- 31:26conditions are pretty tough for me to
- 31:27trade where we just like pump every
- 31:29single time. I mean,
- 31:32it's not super difficult to trade
- 31:35because, you know, like we if that was
- 31:37going to happen today or if it's
- 31:38happening today, we had an opportunity
- 31:40to try and get in. We just like
- 31:43got hit out of it.
- 31:50Uh 30,130
- 31:5613 was taken. 30,130.
- 32:06What up, Kill? You already entered
- 32:08longs. Yeah, I tried to I tried to
- 32:10around here
- 32:13and it came out came down and this
- 32:15candle came down.
- 32:39See that? See, it like lags. Like I
- 32:42don't know if this is an ATS X thing.
- 32:46Probably is.
- 32:52That's pretty gross, though.
- 33:08Yeah, it's lagging because well, it has
- 33:10to load all this data, right?
- 33:14Although it should be f it should be
- 33:16like I don't know. It only recently
- 33:18started doing this, I've noticed because
- 33:20I have these charts up. I have a bunch
- 33:22of different charts up, three different
- 33:24platforms, all different data feeds.
- 33:28So I can see when they're not, you know,
- 33:31showing the exact same thing.
- 33:37>> It's a bit odd. It only recently started
- 33:39happening. I do not know why. It's got
- 33:41to
- 33:48>> It's got to be an Atas X thing. I think
- 33:52probably some update they did because
- 33:55just so you guys know you guys see when
- 33:56these big orders are getting um
- 34:00what they what they changed which they
- 34:03didn't used to do is when we see these
- 34:06getting created right you see it like
- 34:09loading up this like animation of of the
- 34:13number increasing and you know which is
- 34:16totally unnecessary by the way the
- 34:18number increasing and then and then the
- 34:21the uh bid lighting up and it just does
- 34:24this like little bubble to big bubble
- 34:26animation. Like get that out of here,
- 34:28dude. Because I feel like that's the
- 34:30problem. I This is This only started
- 34:32happening when that started.
- 34:35Yeah, they need to remove that. What
- 34:37used to happen was
- 34:39trade hits the tape, boom, pops up.
- 34:43All right, cool. That's all I want to
- 34:44see. I don't care for an animation. You
- 34:46know what I mean? Like, who cares?
- 34:51Whatever whatever dev
- 34:54whatever dev did that his mindset was on
- 34:58was a dev mindset trying to be like
- 35:00cool.
- 35:01Oh it' be so cool if you know we can
- 35:03animate bro we care we don't care about
- 35:06that. We care about speed,
- 35:11you know.
- 35:24What up, pause?
- 35:32What's interesting though is that we did
- 35:34just come back up into this area right
- 35:36here
- 35:39and we had this out of it.
- 35:43This is kind of nasty though. Um
- 36:00What's my game plan? Well, the game plan
- 36:03was if we accept above this area, we
- 36:05were looking for us to go long,
- 36:06potentially have like a a grind higher
- 36:09up into here.
- 36:12Price opened up, pushed down, pushed up,
- 36:16pushed down. We tried to get in longs
- 36:20once it went up and then it came back
- 36:21down, hit me out, and then we're just
- 36:23watching it right now.
- 36:29It honestly might just if it keeps doing
- 36:33like this type of behavior, I might have
- 36:36to um
- 36:40just call it a day. It'll be kind of a
- 36:42slower week honestly because of what's
- 36:45happening, but
- 36:48that's fine.
- 36:58Look, it's doing it again. You see what
- 36:59I'm talking about? And then it lags. Who
- 37:02cares about this? Like, why?
- 37:08Why,
- 37:23dude? That's nasty.
- 37:37LED lighting.
- 38:10What what's interesting about that
- 38:12though?
- 38:14What's interesting about what's
- 38:16happening here?
- 38:19I mean, this is these are large, right?
- 38:21These are pretty large for MNQ.
- 38:24We've been on like a
- 38:28like a super, you know, super mega pump,
- 38:31right, for the past couple days. rather
- 38:34than it being like true initiative
- 38:36pressure to the downside. I wonder if
- 38:38some huge player is just unloading a
- 38:40massive position up here into the buying
- 38:42pressure
- 38:45and they're doing it in like increments
- 38:54because each time this happened it just
- 38:56like went right back up. You know what I
- 38:58mean? Went right back up. Went right
- 39:00back up. Came down. Went right back up.
- 39:29Yeah, I understand absorption, but
- 39:33never mind. Never mind.
- 40:04String knock. You know what I'm talking
- 40:05about, dude. You know what I'm talking
- 40:06about. You guys,
- 40:09you guys should know what I'm talking
- 40:10about.
- 40:13It's the reasoning behind it.
- 40:20the AI hedge fund who blew 24 billion.
- 40:23Yeah. Liupold.
- 40:28Leopold.
- 40:33The guy who got fired from Open AI
- 40:41and then
- 40:43and then got dated by a citadel.
- 40:47Yeah.
- 40:51[snorts]
- 41:20I'm interested to see if this is going
- 41:21to happen again
- 41:23as we as we push up again.
- 41:38which would be interesting to see
- 41:40because if that happens like again and
- 41:42the same thing happens that might be a
- 41:44huge position
- 41:47massive
- 42:09But as long as we're above here, I'm not
- 42:11shorting this. I can't
- 42:16>> ninja
- 42:20shorts from there on. From where?
- 42:25>> Yeah. Yes. Look, look,
- 42:32look. Well, actually that's the hourly
- 42:35candle. Okay. So, this is a little
- 42:37different,
- 42:50dude. That's pretty crazy to watch
- 42:51though. You know what I mean?
- 42:57Because like [clears throat] maybe like
- 42:58someone who who
- 43:02doesn't really,
- 43:05you know, someone can just be looking at
- 43:06this and being like like, "Oh my gosh,
- 43:09it's so wiky." Like, why is it so wicky?
- 43:17This is pretty nasty, though. No. No.
- 43:19Uh, we opened up and immediately just
- 43:21dumped it.
- 43:43It's happening in increments of a
- 43:45thousand.
- 44:17So I guess this open is a profit taking
- 44:19session, huh?
- 44:38So, we're getting back below this area.
- 44:41We're trying to
- 44:57It's starting to be it's starting to
- 44:58look more like actual initiative
- 45:00pressure rather than just what was
- 45:02happening here.
- 47:17What I'm looking at right now
- 47:20is I'm going to see if we can actually
- 47:23get back below here
- 47:26successfully.
- 47:42The only thing is though is that
- 47:47this is current call wall
- 47:50hourly open immediate push down no wick.
- 47:57Try to push lower
- 47:59failed to push lower.
- 48:02This kind of nasty price action
- 48:04honestly.
- 48:27How come you weren't looking for longs
- 48:29again at this call wall? because
- 48:35because of what's happening right here,
- 48:43what we were talking about earlier
- 48:52>> because if what I think is happening is
- 48:54happening right now, then you can it
- 48:55could be a good opportunity to try and
- 48:57write it down.
- 49:01If it actually accepts below here,
- 49:23what's up, Chris? Can you say what are
- 49:24the best settings for heat map on ATS?
- 49:27Um,
- 49:34I use their old heat map.
- 49:37I'm really watching these uh levels like
- 49:40these dom levels.
- 49:54And I can see the bubbles right here.
- 49:56That's why it's like slightly open.
- 50:15I don't really change much.
- 50:51Dude, how are you guys doing in this?
- 50:52Have you were you have you guys been
- 50:54trading this?
- 50:56Is Is anyone just catching bangers on
- 50:58this back and forth?
- 51:01[laughter]
- 51:13Oh, nice. Nice long refu. Dude, if I was
- 51:16the prop firm, if I was the prop firm,
- 51:18I'd be looking at this right now going
- 51:19like this.
- 51:53Well, one thing is for sure this
- 51:54morning. This is definitely the most
- 51:55important area of the entire AM session.
- 51:58So,
- 52:01[laughter]
- 52:24what's the big red box? It's the area I
- 52:28was watching this morning where if we
- 52:31accept above it, then I was expecting us
- 52:33to push up over here. If we failed to
- 52:37actually push above it, then I was
- 52:38looking for us to make our way down.
- 52:41Basically like my line in the sand for
- 52:43the morning.
- 52:45And then we were make we were having our
- 52:47like grind up towards here but then we
- 52:50started seeing this happen which is
- 52:53making making me think that we may end
- 52:56up consolidating here for a little bit
- 52:58unless we start seeing us
- 53:01do something like this which I would
- 53:04love to try and
- 53:06take an opportunity to the downside but
- 53:08we would have to push with like actual
- 53:12initiative
- 53:13Not not unloading.
- 53:17Push push down here. Buyers try and
- 53:20reclaim. They try and reclaim it. They
- 53:23fail to reclaim it. Re-engagement. And
- 53:25then I'd be looking for shorts. But if
- 53:27that's not going to happen, then whoops.
- 53:30Then we could just, you know, boom boom
- 53:32boom boom boom boom. Or maybe boom boom
- 53:34boom boom boom boom boom boom boom.
- 53:36Whatever. You know, like we try to take
- 53:39longs. We're already down on the day.
- 53:41So, um,
- 53:46this is a pretty good, uh, this is
- 53:47pretty good price action to make that
- 53:49$435 loss a lot worse. So, I'm kind of
- 53:54just, uh, I'm kind of just waiting. Um,
- 53:58yes, Louisis,
- 54:01this is basically call that's
- 54:04oscillating in between here and here,
- 54:06just changing. It's like changing from
- 54:09here to here as the positioning is
- 54:11changing. And it's also extended
- 54:14extended trading hour value area high.
- 54:24So the idea was basically if we stay
- 54:26above here then we're continuing the
- 54:28value up
- 54:31structure we're seeing
- 54:34all week.
- 54:52We're right here at this psychological
- 54:54level of uh 30,000.
- 55:20Yes, we are currently in a
- 55:23Nicholas.
- 55:27You're asking me. You're asking. You're
- 55:29asking a lot.
- 55:35You said, "What's your experience on
- 55:37crazy orderflow moves like that?"
- 55:40What is your definition of a crazy
- 55:42orderflow move?
- 55:45And then you're asking
- 55:50for a few seconds and a directional
- 55:52behavior after. I don't know. We have to
- 55:54wait and see. You know,
- 55:59you're asking if I if there's a pattern.
- 56:02Well, you
- 56:04you should understand that, you know,
- 56:06things happen on the tape, right?
- 56:10And they happen for different reasons.
- 56:14So sometimes large execution
- 56:18that you see on the tape can be for
- 56:20different reasons, right? So like it
- 56:22depends.
- 56:33Oh, the dumps where where we saw the
- 56:35where the Yeah, those ones where the
- 56:37book where price freezes, the book
- 56:39clears out, and next thing you know, we
- 56:41blink and we're down like 100 points.
- 56:46A lot of that, just so you know, is like
- 56:49algorithmic trading.
- 57:05you have an opinion on it. Just
- 57:07wondering if you ignore it. I don't
- 57:08ignore it,
- 57:10but I don't use it I don't use that as
- 57:13like a crystal ball. Like I guess the
- 57:16way I think about it is different than
- 57:18the way you think about it because I'm
- 57:20I'm watching essentially what's
- 57:23happening
- 57:25and then I'm I'm watching what the
- 57:26reaction is after that. I'm not trying
- 57:28to predict something happening and
- 57:30predicting the reaction following it. I
- 57:32want to see what it is. You know what I
- 57:33mean?
- 57:55Mhm. Yeah.
- 57:57But again,
- 58:01there's different reasons for it,
- 58:05but that gets into a whole
- 58:08conversation.
- 58:25Hey yo. Whoa.
- 58:47So,
- 59:02we're kind of just balancing out here,
- 59:04just chopping. I think
- 59:21kind of a tough day for me to for how I
- 59:23trade uh yesterday and today.
- 59:28Although we had an opportunity honestly
- 59:30to try and make some money, it just
- 59:32didn't work out.
- 59:3810point TP 50 point stop loss.
- 59:45Hell yeah.
- 59:52What is that? A 2R25
- 59:58225R. What is that?
- 1:00:09Stop, profit, take loss.
- 1:00:14Point to Ara.
- 1:00:23[snorts]
- 1:00:30So, I'm going to sit here for a second,
- 1:00:32see if we end up getting out of here.
- 1:00:33But if we don't, I'm just going to take
- 1:00:35this L on this uh on these funded
- 1:00:38accounts.
- 1:00:40We Let me see how many I copy traded.
- 1:00:45One, two, wait, one, two, three, four.
- 1:00:49Copy trade five of them. So, we'll be
- 1:00:52down 2,200 on the fundeds.
- 1:00:58I just feel like, you know, well, first
- 1:01:00of all, I can't, you know, I can't
- 1:01:01really trade this, but
- 1:01:05maybe we get a good move out of here.
- 1:01:07Who knows?
- 1:01:092,000 point stop, one point TP.
- 1:01:16Hell yeah,
- 1:01:20dude. Imagine though. Imagine you did
- 1:01:22that though and it didn't work out that
- 1:01:24one time.
- 1:01:27You would need [laughter]
- 1:01:28you would need to make 2,000. You would
- 1:01:30need to win 2,000 times
- 1:01:34to bring it back to break even.
- 1:01:43Yes, stop loss is not necessary. When
- 1:01:45you put a stop loss, you're just
- 1:01:46anticipating you're going to lose
- 1:01:47anyways.
- 1:01:51It's the mindset of a loser putting a
- 1:01:53stop loss.
- 1:02:20nice.
- 1:02:25There's nothing wrong with the negative
- 1:02:26R. People will do very well on profits
- 1:02:28with negative R.
- 1:02:39Rehab is for quitters. [laughter]
- 1:02:49It's true though.
- 1:02:52I'm just joking.
- 1:03:26What a week.
- 1:03:28What a way to start off August with this
- 1:03:31uh price action.
- 1:04:13Yo, thanks Mike.
- 1:04:17We're we're coming up we're coming up to
- 1:04:18the point where I got to ask them.
- 1:04:21Speaking of that, shout out Funded
- 1:04:22Futures Network for sponsoring our
- 1:04:24community. 50% off buy one get one free.
- 1:04:27You can get two 50k accounts, no
- 1:04:29activation fee.
- 1:04:31end of day draw down
- 1:04:36for $114. Two of them
- 1:04:40with code thrax.
- 1:04:43And then
- 1:04:46we get accounts from them to give away
- 1:04:48to the community for free
- 1:04:51because they're so awesome. They're so
- 1:04:53generous.
- 1:04:55Although I'm running out of accounts, so
- 1:04:58I'm gonna have to go back to them and be
- 1:04:59like, "Please more accounts."
- 1:05:06But yeah, it's really cool of them to do
- 1:05:07that.
- 1:05:10They've also been around for a very long
- 1:05:11time
- 1:05:13for Prof.
- 1:05:18So, Mike, you have to you contact their
- 1:05:21support. You take your uh you take your
- 1:05:27receipt that you got in your email and
- 1:05:28you forward it to support atfunded
- 1:05:31futures network, I think is what it is.
- 1:05:33You could double check.
- 1:05:36And then you just say, "Here's my
- 1:05:38receipt for the BOGO." And then they'll
- 1:05:40just give you the account within like,
- 1:05:42you know, within like 30 minutes
- 1:05:44usually.
- 1:05:47All right, let's see if we're going to
- 1:05:48hold below this.
- 1:05:58Get out of the chop.
- 1:06:45or not.
- 1:07:12That right there is why you wait.
- 1:07:16Someone
- 1:07:37step next to me.
- 1:07:55You lost 800 in this chop. Sucks. Those
- 1:07:591K big trades candles. That sucks.
- 1:08:09Yeah, Mr. Nice Guy. I'm looking at that
- 1:08:11right now. I was considering it for a
- 1:08:13second, but
- 1:08:16I can't do it up here.
- 1:08:18If I was going to do that, it should
- 1:08:19have happened down here.
- 1:08:26[cough and laughter]
- 1:08:37What's the absorption indicator?
- 1:08:40I have this
- 1:08:44on a delta profile
- 1:08:47where I'm watching things like this and
- 1:08:49it prints a diamond when there are
- 1:08:55well
- 1:08:58delta levels or delta that's like way
- 1:09:02out of range. Hold on.
- 1:09:20You think price is rage baiting at this
- 1:09:22point? Well, just don't don't get rage
- 1:09:24baited.
- 1:09:27Just don't allow yourself to get rage
- 1:09:28baited.
- 1:09:30It looks like fair value gap. No, I
- 1:09:33don't I've never used that before.
- 1:09:38When you say it looks like fur value
- 1:09:39gap, you mean it just looks like a box.
- 1:09:50Yeah, I've never used it before.
- 1:09:51Although, you know what'll be
- 1:09:53interesting though is ATS is supposed to
- 1:09:54be releasing uh like their own version
- 1:09:56of just like how Deep Charts did their
- 1:09:59own version of like their options flow
- 1:10:01stuff
- 1:10:03like Gex and things like that. So,
- 1:10:08you know what? Before they keep adding
- 1:10:09stuff, how about you fix the problems?
- 1:10:11How about that? Because he's got some
- 1:10:14problems. Who? First of all,
- 1:10:17remove that stupid animation, please.
- 1:10:33just trying to add a bunch of stuff to
- 1:10:35their platform.
- 1:10:38Well, I get it. I guess it's kind of
- 1:10:40like a race. Who's got the coolest
- 1:10:41features? Who's got the most features?
- 1:10:52Your a test doesn't have that animation.
- 1:10:55Yeah. I don't know why. Maybe maybe it's
- 1:10:56a setting.
- 1:10:59I hope it's a setting. If I can turn
- 1:11:00that off, I'm going be stoked.
- 1:11:09Nope.
- 1:11:15Nope.
- 1:11:18Oh, Xity. Exity in the chat.
- 1:11:22The guy's a famous streamer.
- 1:11:30[snorts]
- 1:11:45Yo, bro, why are you yelling at me with
- 1:11:47all caps? Can you please explain your
- 1:11:49stop loss? Um,
- 1:11:53what stop loss?
- 1:11:55[snorts]
- 1:11:59Where?
- 1:12:02I'm not even in a trade.
- 1:12:05Although, I'm getting ready to try and
- 1:12:07get in a trade if we uh actually start
- 1:12:09getting below here.
- 1:12:17Although, if we fail to break this again
- 1:12:21and we slam back up into the range,
- 1:12:23we're doing a giveaway and I'm just
- 1:12:24going to get off.
- 1:13:03Dude, if this thing just goes and runs
- 1:13:05what my target's supposed to be.
- 1:13:10Yeah, we're gonna have to get off after
- 1:13:11that
- 1:13:13without allowing me to get into it. It's
- 1:13:16looking pretty good though. It's looking
- 1:13:17pretty good. Target with first target
- 1:13:19down here. Second target down here
- 1:13:23if we can hold down here.
- 1:13:36Just so everyone knows the reason for
- 1:13:39this trade is purely because of this
- 1:13:41inverse
- 1:13:42fair value gap.
- 1:13:50I just have all this stuff on my chart
- 1:13:52and say order flow and big words to look
- 1:13:55cool, but really at the end of the day
- 1:13:58just trading IFGS.
- 1:14:53I'm going to enter in. Oh. Uh oh. I'm
- 1:14:55going to enter in three micros.
- 1:15:05Pretty big stop. 50 point stop.
- 1:15:11If we lose this, we'll be down like 700.
- 1:15:13It'll be kind of gross, but whatever.
- 1:15:17What the hell is this?
- 1:15:20Oh, do we long right in that or do we
- 1:15:23short it right inside of that?
- 1:15:43No, we bottom ticked it.
- 1:15:59Should
- 1:16:03have waited for that five minutes to
- 1:16:04close. That was a mistake.
- 1:16:09Green bubbles equal by.
- 1:16:12Yeah,
- 1:16:14got a little bit of FOMO there. Not
- 1:16:16going to lie,
- 1:16:19we should have waited for the five
- 1:16:20minute to close. I was just worried
- 1:16:21about it running without me. Stupid.
- 1:16:28But we'll just shut it down.
- 1:16:35All right. So, let's do a giveaway
- 1:16:37because we took two losses today. Both
- 1:16:41of them for
- 1:16:43like 50 points.
- 1:16:46Um,
- 1:16:47we're going to give away a
- 1:16:50goat funded futures account.
- 1:17:01So, um,
- 1:17:06oh yeah, just so you guys know, so this
- 1:17:07copy traded across five accounts, we're
- 1:17:09down
- 1:17:143,700.
- 1:17:18All right, so for the YouTube chat L
- 1:17:21session, sorry, it is what it is.
- 1:17:25Um, that was that this the first trade
- 1:17:28we took, just as a recap before I shut
- 1:17:30down the YouTube. The first trade we
- 1:17:32took, I'm actually okay with that loss.
- 1:17:34Um, because it was kind of following
- 1:17:37what I was looking to do. What I should
- 1:17:39have done on this trade was I did enter
- 1:17:41prematurely
- 1:17:43before this 5m minute closed.
- 1:17:47It might actually what and I should have
- 1:17:49waited for us to push up here, right?
- 1:17:51and then have failure and then be
- 1:17:52looking for shorts at this point. But um
- 1:17:57yeah, because of that mistake, I mean,
- 1:17:58also we're also at basically daily loss
- 1:18:00limit, so I got to shut it down anyways.
- 1:18:03But yeah, not a good trade here. We
- 1:18:05bottom ticked it like a genius.
- 1:18:09Uh but
- 1:18:11I'll be back tomorrow, YouTube chat.
- 1:18:16if you guys still like me after losing
- 1:18:18two trades.
- 1:18:20[laughter]
- 1:18:22All right, I'll catch YouTube chat
- 1:18:23later.
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