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๐Ÿ”ด Live NQ Futures Trading | Order Flow & Prop Firms โ€” Transcript

by Christopher Creamer | Orderflow Trader ยท 5,051 words ยท 879 segments ยท language en ยท Watch on YouTube

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  1. 0:00pre-market a lot of the times,
  2. 0:02but it was just looking pretty good. So,
  3. 0:05I'll explain it in a moment. But what I
  4. 0:09want to see though is
  5. 0:11basically this morning I'm
  6. 0:13[clears throat] watching the uh this
  7. 0:16area here between 9:26 and 950.
  8. 0:20We were really struggling to get past
  9. 0:22this area
  10. 0:24all all pre-market essentially.
  11. 0:28We're not really getting follow through
  12. 0:29to the downside yet, which is why also
  13. 0:32pre-market,
  14. 0:34you know, I'm just going to go two
  15. 0:36micros. But if we do kind of build some
  16. 0:39distance between
  17. 0:43where price is now
  18. 0:46and or where price is at the open once
  19. 0:49we actually open up and where my um
  20. 0:54entry is at or where I'll move it to
  21. 0:56break even if we continue down then I'm
  22. 0:59there may be an opportunity for me to
  23. 1:01try and add into the position and stay
  24. 1:02break even
  25. 1:06and And then the target, if I'm target,
  26. 1:08it's all the way down here.
  27. 1:12But we'll see what happens. Sometimes
  28. 1:15these pre-market moves, uh, these
  29. 1:17pre-market trades
  30. 1:20work out. Sometimes they just come back
  31. 1:22up, hit me out of break even. But it's
  32. 1:24like a I mean, we're using two micros.
  33. 1:26We're going for like a 10R right now.
  34. 1:35But if we get the opportunity to add, I
  35. 1:37am for sure going to add.
  36. 2:01>> How are you guys doing this morning?
  37. 2:07CTR. Wow.
  38. 2:16The man, the myth, the legend. Where has
  39. 2:18he been?
  40. 3:07The good news is that at least we um at
  41. 3:10least we didn't just go straight upwards
  42. 3:12during the overnight session. That would
  43. 3:15have sucked.
  44. 3:20doesn't mean we can't just continue,
  45. 3:21right? Because the idea for me is if we
  46. 3:23do accept above here, we're probably
  47. 3:27headed to 30. We have 30,000 sitting
  48. 3:29above us. So, we got a psychological
  49. 3:31level sitting above us and then we can
  50. 3:33just continue this grind up and then
  51. 3:35target the call wall.
  52. 3:39So, this is kind of like the decision
  53. 3:41area for me this morning.
  54. 3:54But hopefully we build a little bit of
  55. 3:57distance in between where I entered and
  56. 4:01where price opens up at the open.
  57. 4:05And then if we see an opportunity like
  58. 4:06let's say at the open right we see us
  59. 4:09essentially just open up push up fail.
  60. 4:12I'll probably add into this.
  61. 4:20Uh this is a funded account. This is six
  62. 4:22funded accounts.
  63. 4:28But we went two micro. So we're only we
  64. 4:30we were only risking like 43 bucks.
  65. 4:33And the full target is like way down
  66. 4:35here
  67. 4:37around that 800 level. That 800 level
  68. 4:40held up pretty well
  69. 4:42um during the overnight.
  70. 4:57But we'll see what this uh the five
  71. 4:58minute does before
  72. 5:03the five minute candle before the open.
  73. 5:06And then we'll probably end up just
  74. 5:08moving this to break even.
  75. 5:22The good news is though is that we're
  76. 5:23really not risking anything. It's like
  77. 5:24we're risking 40 bucks, you know, and
  78. 5:26then we're going to see if we can have
  79. 5:27an opportunity to add into it and stay
  80. 5:29at break even.
  81. 5:40But we've just been kind of chopping
  82. 5:41here. So,
  83. 6:00how do you spot imbalances like 950?
  84. 6:02What do you mean imbalances
  85. 6:09talk? Are you talking about this?
  86. 6:19Oh,
  87. 6:21this level comes from this current leg
  88. 6:24during London. If we are going lower,
  89. 6:26then we have premium sitting up here.
  90. 6:31If we start getting above it and
  91. 6:32accepting past it, then we're continuing
  92. 6:34this value up structure that we've had
  93. 6:36for like the past two days.
  94. 6:38And also sitting right here is um
  95. 6:42the second largest positive next uh
  96. 6:45positive GEX node.
  97. 6:47So treat it kind of like a zone.
  98. 6:51So in the event right where we get above
  99. 6:53this
  100. 6:54we have acceptance above um
  101. 6:58because it' also be acceptance above
  102. 7:04the extended trading hours which is
  103. 7:06sitting right around
  104. 7:09the val the the value area high of the
  105. 7:12ETH which is sitting right around 29920
  106. 7:1529 916
  107. 7:20then we can potentially see us grind
  108. 7:21signed up and then we'd be looking for
  109. 7:22us to come up here.
  110. 7:30So there's that 5m minute candle before
  111. 7:32the open.
  112. 8:16But hopefully Hopefully we have uh you
  113. 8:18know some type of opportunity today. I
  114. 8:21maybe because the honestly because the
  115. 8:23risk was so small, I probably should
  116. 8:25have sized heavier, but I don't really
  117. 8:27like uh trading pre-market a lot of the
  118. 8:29times because I'm just worried about
  119. 8:33the open
  120. 8:36the opening print.
  121. 9:12Good afternoon, Ricky.
  122. 9:24>> Also
  123. 9:27I am uh
  124. 9:30I now have a code for uh deep charts. So
  125. 9:33if anyone wants to ever get deep charts,
  126. 9:35you could use code thrax for I don't
  127. 9:37know how much the discount is but
  128. 9:40some type of discount
  129. 9:4510%. All right. Well, there you go. Want
  130. 9:48to save yourself some money? Codrax.
  131. 10:19All right. All right, we'll get stopped
  132. 10:20out and lose our 40 bucks and then we're
  133. 10:22going to wait for the open. We're still
  134. 10:24watching. It's uh we're going to open up
  135. 10:27basically at the area that I'm paying
  136. 10:28attention to this um
  137. 10:33this level essentially here.
  138. 11:11dude. If we just get another pump today,
  139. 11:13that'd be kind of crazy.
  140. 11:15It would literally be a repeat of that
  141. 11:17two week period of time in April.
  142. 11:26But here's a level. If we stay above it,
  143. 11:28if we accept above it,
  144. 11:33we'll take it. And we got room to the
  145. 11:35upside.
  146. 11:37It might be a slower gr a slower grind
  147. 11:39though to the upside. But
  148. 11:44we could essentially basically like
  149. 11:49pump balance pump balance pump just like
  150. 11:52value up.
  151. 11:59Although, I'm gonna be real though. If
  152. 12:01we literally just open up and just
  153. 12:03straight pump, like no pullback,
  154. 12:05nothing, and we just come straight up
  155. 12:07here without any opportunity,
  156. 12:10then unfortunately, like again, I'm not
  157. 12:13going to be able to trade today.
  158. 12:25So, let's see if we can actually stay
  159. 12:26above this area.
  160. 13:05Trump says buy stocks on Wednesdays.
  161. 13:09I don't know about that.
  162. 13:17We still didn't we didn't even hit
  163. 13:1930,000 there.
  164. 13:21It's just right there.
  165. 13:31I'm actually going to test out a long
  166. 13:33right here because we just pushed down
  167. 13:34back into this level and we're holding
  168. 13:37above it.
  169. 13:43The stop is basically right below the um
  170. 13:47the wick on this fivem minute. We're
  171. 13:50looking for us to tap into the
  172. 13:52psychological level at 30,000 and then
  173. 13:56I'm watching the pressure here after it
  174. 13:59potentially takes the orders. Unless
  175. 14:02we're just going to slam back down, then
  176. 14:04you know the full target though is going
  177. 14:06to be for
  178. 14:13kind of way up there.
  179. 14:48All right, we got stopped out of that.
  180. 14:49So now we're down 400
  181. 14:52on these accounts.
  182. 15:37Lame.
  183. 15:47That's so lame, dude. Whatever.
  184. 15:52>> All right, so we just hit 30,000. We'll
  185. 15:54see if we actually continue past it.
  186. 16:27What up data loss?
  187. 16:57>> [laughter]
  188. 16:58>> Your stop didn't deserve it. Yeah, it's
  189. 17:00unfortunate, but
  190. 17:04I mean the idea
  191. 17:06the idea was there, right? Like, so I'm
  192. 17:10This is why this is part of the reason
  193. 17:12why whenever I say we're opening like
  194. 17:13right at a level I'm looking at, I'm
  195. 17:15always like a little cuz we kind of
  196. 17:18whiplash sometimes at the open.
  197. 17:21But this is the most important level for
  198. 17:22me this morning. So like when we opened
  199. 17:24up, we pushed up, we saw us attempt to
  200. 17:27come back lower into um like sellers
  201. 17:31trying to reclaim back into this level
  202. 17:33here. And once we started to fail and we
  203. 17:36were pushing back up,
  204. 17:39I wanted to give it a shot,
  205. 17:42but it just like dip down one more time
  206. 17:43before taking 30,000. And then we're
  207. 17:45going to see if it's actually going to
  208. 17:46continue.
  209. 17:51If it does continue
  210. 17:55and it just rips its way up here towards
  211. 17:57the target
  212. 17:59here,
  213. 18:02we'll just have to take our L.
  214. 18:55Damn.
  215. 19:00Damn.
  216. 20:16Dude, I hope we come down though.
  217. 20:20Build some more structure to the
  218. 20:22downside.
  219. 20:34But we'll see what happens. I will say
  220. 20:36though because I'm down 400 on on these
  221. 20:39fundeds right now.
  222. 20:42If there's another opportunity, I'll try
  223. 20:44and take it. But I have to take it with
  224. 20:45smaller size.
  225. 20:48And if that one loses, I just got to
  226. 20:50shut it down.
  227. 20:52But
  228. 20:54we can try and make we can if there's an
  229. 20:56opportunity, we're going to try and take
  230. 20:57it. Although this is looking pretty na
  231. 21:00this is looking pretty nasty right now.
  232. 21:03>> [snorts]
  233. 21:04>> So, we got this area here we're watching
  234. 21:06this morning. We pushed above it. We
  235. 21:09held above it once. We're holding above
  236. 21:10it a second time.
  237. 21:14As of right now, we just saw all that
  238. 21:17pressure step in here.
  239. 21:25How big is this candle?
  240. 21:28100 points.
  241. 22:22Jeez,
  242. 22:27dude. I think my data is delayed. You
  243. 22:29guys see that?
  244. 22:33It was delayed for a second.
  245. 22:51Dude,
  246. 23:18Happy birthday.
  247. 23:39What an interesting open.
  248. 23:47>> We do have news though in uh
  249. 23:50what is it? We got PMI today.
  250. 24:03PMI.
  251. 24:08All right.
  252. 24:10We have
  253. 24:12in four minutes and in 20 or 19 minutes.
  254. 24:40But as long as we stay above here, I
  255. 24:42think we're still going to have a grind
  256. 24:44up towards this area.
  257. 24:47It's just whether or not
  258. 24:54Well, we have to see if PMI causes
  259. 24:56anything.
  260. 24:58I don't really think it'll do a lot, but
  261. 25:00it might.
  262. 25:05I don't really think it will, though. I
  263. 25:07don't really think it will.
  264. 25:31Yo, Hassan, there's no reason for you to
  265. 25:33apologize, bro. It has nothing to do
  266. 25:35with you.
  267. 26:16We're back at this area.
  268. 26:18Before we broke to the downside, we were
  269. 26:20struggling here pretty hard.
  270. 26:45Uh would have been nice if we just had
  271. 26:46some clean delivery.
  272. 26:49Came back, retested, went up and just
  273. 26:51had follow through.
  274. 27:38bro.
  275. 28:07He said, "Hey man, quick question. So,
  276. 28:11right now I I now
  277. 28:15know how to spot the start of a trend
  278. 28:17and get a position ASAP."
  279. 28:20What does that mean? Get a position
  280. 28:22ASAP.
  281. 28:24But your problem now is how to look for
  282. 28:26and enter when price is already in a
  283. 28:28rocket ship mode to ride it.
  284. 28:32Uh
  285. 28:35you mean you mean you're trying you're
  286. 28:37asking me how you can chase price
  287. 28:40[laughter]
  288. 28:42I mean I don't think that's I don't
  289. 28:43think that's a good plan. it might work,
  290. 28:46you know, in conditions like this,
  291. 28:48right? Or like what we had yesterday or
  292. 28:51the day before. If your strategy is if
  293. 28:53you're Mr. Chase it, right, then you
  294. 28:56know, you probably did pretty well,
  295. 29:05Mr. Chase it.
  296. 29:08But like, okay,
  297. 29:11you know, if if that is kind of how you
  298. 29:13trade,
  299. 29:16there are people who do that, by the
  300. 29:17way, you know, and are successful in how
  301. 29:19they do it. But if you're newer to
  302. 29:21trading,
  303. 29:24you know, you got to be careful doing
  304. 29:25that.
  305. 29:43He's describing jump in FOMO.
  306. 29:47You're asking how to use orderflow.
  307. 29:52Well, it's kind of a
  308. 29:57it's kind of a loaded question there.
  309. 29:59There's a lot of uh a lot to talk about
  310. 30:02with that. So, I'm going to leave you
  311. 30:04with this. I got some videos on my
  312. 30:07YouTube. Spend a lot of time on them.
  313. 30:09Take some time. Watch them.
  314. 30:19I can't, you know, I'm, you know, market
  315. 30:21it open. I can't necessarily give you a
  316. 30:23whole master class on like order flow
  317. 30:24and stuff. You know what I mean?
  318. 30:28I'm watching right now. I'm watching
  319. 30:30this idea that I had um
  320. 30:34play out without me.
  321. 30:44We're getting April vibes here. Look at
  322. 30:47this.
  323. 30:52Okay, so remember this, right? Remember
  324. 30:56this.
  325. 31:00Isn't it looking eerily similar? Pump,
  326. 31:04balance, pump, balance, pump.
  327. 31:08Pump, balance, pump.
  328. 31:10O,
  329. 31:13are we having a repeat.
  330. 31:16Next thing you know, we're at 34,000.
  331. 31:22I hope not, dude. Because
  332. 31:25for the way that I trade, those
  333. 31:26conditions are pretty tough for me to
  334. 31:27trade where we just like pump every
  335. 31:29single time. I mean,
  336. 31:32it's not super difficult to trade
  337. 31:35because, you know, like we if that was
  338. 31:37going to happen today or if it's
  339. 31:38happening today, we had an opportunity
  340. 31:40to try and get in. We just like
  341. 31:43got hit out of it.
  342. 31:50Uh 30,130
  343. 31:5613 was taken. 30,130.
  344. 32:06What up, Kill? You already entered
  345. 32:08longs. Yeah, I tried to I tried to
  346. 32:10around here
  347. 32:13and it came out came down and this
  348. 32:15candle came down.
  349. 32:39See that? See, it like lags. Like I
  350. 32:42don't know if this is an ATS X thing.
  351. 32:46Probably is.
  352. 32:52That's pretty gross, though.
  353. 33:08Yeah, it's lagging because well, it has
  354. 33:10to load all this data, right?
  355. 33:14Although it should be f it should be
  356. 33:16like I don't know. It only recently
  357. 33:18started doing this, I've noticed because
  358. 33:20I have these charts up. I have a bunch
  359. 33:22of different charts up, three different
  360. 33:24platforms, all different data feeds.
  361. 33:28So I can see when they're not, you know,
  362. 33:31showing the exact same thing.
  363. 33:37>> It's a bit odd. It only recently started
  364. 33:39happening. I do not know why. It's got
  365. 33:41to
  366. 33:48>> It's got to be an Atas X thing. I think
  367. 33:52probably some update they did because
  368. 33:55just so you guys know you guys see when
  369. 33:56these big orders are getting um
  370. 34:00what they what they changed which they
  371. 34:03didn't used to do is when we see these
  372. 34:06getting created right you see it like
  373. 34:09loading up this like animation of of the
  374. 34:13number increasing and you know which is
  375. 34:16totally unnecessary by the way the
  376. 34:18number increasing and then and then the
  377. 34:21the uh bid lighting up and it just does
  378. 34:24this like little bubble to big bubble
  379. 34:26animation. Like get that out of here,
  380. 34:28dude. Because I feel like that's the
  381. 34:30problem. I This is This only started
  382. 34:32happening when that started.
  383. 34:35Yeah, they need to remove that. What
  384. 34:37used to happen was
  385. 34:39trade hits the tape, boom, pops up.
  386. 34:43All right, cool. That's all I want to
  387. 34:44see. I don't care for an animation. You
  388. 34:46know what I mean? Like, who cares?
  389. 34:51Whatever whatever dev
  390. 34:54whatever dev did that his mindset was on
  391. 34:58was a dev mindset trying to be like
  392. 35:00cool.
  393. 35:01Oh it' be so cool if you know we can
  394. 35:03animate bro we care we don't care about
  395. 35:06that. We care about speed,
  396. 35:11you know.
  397. 35:24What up, pause?
  398. 35:32What's interesting though is that we did
  399. 35:34just come back up into this area right
  400. 35:36here
  401. 35:39and we had this out of it.
  402. 35:43This is kind of nasty though. Um
  403. 36:00What's my game plan? Well, the game plan
  404. 36:03was if we accept above this area, we
  405. 36:05were looking for us to go long,
  406. 36:06potentially have like a a grind higher
  407. 36:09up into here.
  408. 36:12Price opened up, pushed down, pushed up,
  409. 36:16pushed down. We tried to get in longs
  410. 36:20once it went up and then it came back
  411. 36:21down, hit me out, and then we're just
  412. 36:23watching it right now.
  413. 36:29It honestly might just if it keeps doing
  414. 36:33like this type of behavior, I might have
  415. 36:36to um
  416. 36:40just call it a day. It'll be kind of a
  417. 36:42slower week honestly because of what's
  418. 36:45happening, but
  419. 36:48that's fine.
  420. 36:58Look, it's doing it again. You see what
  421. 36:59I'm talking about? And then it lags. Who
  422. 37:02cares about this? Like, why?
  423. 37:08Why,
  424. 37:23dude? That's nasty.
  425. 37:37LED lighting.
  426. 38:10What what's interesting about that
  427. 38:12though?
  428. 38:14What's interesting about what's
  429. 38:16happening here?
  430. 38:19I mean, this is these are large, right?
  431. 38:21These are pretty large for MNQ.
  432. 38:24We've been on like a
  433. 38:28like a super, you know, super mega pump,
  434. 38:31right, for the past couple days. rather
  435. 38:34than it being like true initiative
  436. 38:36pressure to the downside. I wonder if
  437. 38:38some huge player is just unloading a
  438. 38:40massive position up here into the buying
  439. 38:42pressure
  440. 38:45and they're doing it in like increments
  441. 38:54because each time this happened it just
  442. 38:56like went right back up. You know what I
  443. 38:58mean? Went right back up. Went right
  444. 39:00back up. Came down. Went right back up.
  445. 39:29Yeah, I understand absorption, but
  446. 39:33never mind. Never mind.
  447. 40:04String knock. You know what I'm talking
  448. 40:05about, dude. You know what I'm talking
  449. 40:06about. You guys,
  450. 40:09you guys should know what I'm talking
  451. 40:10about.
  452. 40:13It's the reasoning behind it.
  453. 40:20the AI hedge fund who blew 24 billion.
  454. 40:23Yeah. Liupold.
  455. 40:28Leopold.
  456. 40:33The guy who got fired from Open AI
  457. 40:41and then
  458. 40:43and then got dated by a citadel.
  459. 40:47Yeah.
  460. 40:51[snorts]
  461. 41:20I'm interested to see if this is going
  462. 41:21to happen again
  463. 41:23as we as we push up again.
  464. 41:38which would be interesting to see
  465. 41:40because if that happens like again and
  466. 41:42the same thing happens that might be a
  467. 41:44huge position
  468. 41:47massive
  469. 42:09But as long as we're above here, I'm not
  470. 42:11shorting this. I can't
  471. 42:16>> ninja
  472. 42:20shorts from there on. From where?
  473. 42:25>> Yeah. Yes. Look, look,
  474. 42:32look. Well, actually that's the hourly
  475. 42:35candle. Okay. So, this is a little
  476. 42:37different,
  477. 42:50dude. That's pretty crazy to watch
  478. 42:51though. You know what I mean?
  479. 42:57Because like [clears throat] maybe like
  480. 42:58someone who who
  481. 43:02doesn't really,
  482. 43:05you know, someone can just be looking at
  483. 43:06this and being like like, "Oh my gosh,
  484. 43:09it's so wiky." Like, why is it so wicky?
  485. 43:17This is pretty nasty, though. No. No.
  486. 43:19Uh, we opened up and immediately just
  487. 43:21dumped it.
  488. 43:43It's happening in increments of a
  489. 43:45thousand.
  490. 44:17So I guess this open is a profit taking
  491. 44:19session, huh?
  492. 44:38So, we're getting back below this area.
  493. 44:41We're trying to
  494. 44:57It's starting to be it's starting to
  495. 44:58look more like actual initiative
  496. 45:00pressure rather than just what was
  497. 45:02happening here.
  498. 47:17What I'm looking at right now
  499. 47:20is I'm going to see if we can actually
  500. 47:23get back below here
  501. 47:26successfully.
  502. 47:42The only thing is though is that
  503. 47:47this is current call wall
  504. 47:50hourly open immediate push down no wick.
  505. 47:57Try to push lower
  506. 47:59failed to push lower.
  507. 48:02This kind of nasty price action
  508. 48:04honestly.
  509. 48:27How come you weren't looking for longs
  510. 48:29again at this call wall? because
  511. 48:35because of what's happening right here,
  512. 48:43what we were talking about earlier
  513. 48:52>> because if what I think is happening is
  514. 48:54happening right now, then you can it
  515. 48:55could be a good opportunity to try and
  516. 48:57write it down.
  517. 49:01If it actually accepts below here,
  518. 49:23what's up, Chris? Can you say what are
  519. 49:24the best settings for heat map on ATS?
  520. 49:27Um,
  521. 49:34I use their old heat map.
  522. 49:37I'm really watching these uh levels like
  523. 49:40these dom levels.
  524. 49:54And I can see the bubbles right here.
  525. 49:56That's why it's like slightly open.
  526. 50:15I don't really change much.
  527. 50:51Dude, how are you guys doing in this?
  528. 50:52Have you were you have you guys been
  529. 50:54trading this?
  530. 50:56Is Is anyone just catching bangers on
  531. 50:58this back and forth?
  532. 51:01[laughter]
  533. 51:13Oh, nice. Nice long refu. Dude, if I was
  534. 51:16the prop firm, if I was the prop firm,
  535. 51:18I'd be looking at this right now going
  536. 51:19like this.
  537. 51:53Well, one thing is for sure this
  538. 51:54morning. This is definitely the most
  539. 51:55important area of the entire AM session.
  540. 51:58So,
  541. 52:01[laughter]
  542. 52:24what's the big red box? It's the area I
  543. 52:28was watching this morning where if we
  544. 52:31accept above it, then I was expecting us
  545. 52:33to push up over here. If we failed to
  546. 52:37actually push above it, then I was
  547. 52:38looking for us to make our way down.
  548. 52:41Basically like my line in the sand for
  549. 52:43the morning.
  550. 52:45And then we were make we were having our
  551. 52:47like grind up towards here but then we
  552. 52:50started seeing this happen which is
  553. 52:53making making me think that we may end
  554. 52:56up consolidating here for a little bit
  555. 52:58unless we start seeing us
  556. 53:01do something like this which I would
  557. 53:04love to try and
  558. 53:06take an opportunity to the downside but
  559. 53:08we would have to push with like actual
  560. 53:12initiative
  561. 53:13Not not unloading.
  562. 53:17Push push down here. Buyers try and
  563. 53:20reclaim. They try and reclaim it. They
  564. 53:23fail to reclaim it. Re-engagement. And
  565. 53:25then I'd be looking for shorts. But if
  566. 53:27that's not going to happen, then whoops.
  567. 53:30Then we could just, you know, boom boom
  568. 53:32boom boom boom boom. Or maybe boom boom
  569. 53:34boom boom boom boom boom boom boom.
  570. 53:36Whatever. You know, like we try to take
  571. 53:39longs. We're already down on the day.
  572. 53:41So, um,
  573. 53:46this is a pretty good, uh, this is
  574. 53:47pretty good price action to make that
  575. 53:49$435 loss a lot worse. So, I'm kind of
  576. 53:54just, uh, I'm kind of just waiting. Um,
  577. 53:58yes, Louisis,
  578. 54:01this is basically call that's
  579. 54:04oscillating in between here and here,
  580. 54:06just changing. It's like changing from
  581. 54:09here to here as the positioning is
  582. 54:11changing. And it's also extended
  583. 54:14extended trading hour value area high.
  584. 54:24So the idea was basically if we stay
  585. 54:26above here then we're continuing the
  586. 54:28value up
  587. 54:31structure we're seeing
  588. 54:34all week.
  589. 54:52We're right here at this psychological
  590. 54:54level of uh 30,000.
  591. 55:20Yes, we are currently in a
  592. 55:23Nicholas.
  593. 55:27You're asking me. You're asking. You're
  594. 55:29asking a lot.
  595. 55:35You said, "What's your experience on
  596. 55:37crazy orderflow moves like that?"
  597. 55:40What is your definition of a crazy
  598. 55:42orderflow move?
  599. 55:45And then you're asking
  600. 55:50for a few seconds and a directional
  601. 55:52behavior after. I don't know. We have to
  602. 55:54wait and see. You know,
  603. 55:59you're asking if I if there's a pattern.
  604. 56:02Well, you
  605. 56:04you should understand that, you know,
  606. 56:06things happen on the tape, right?
  607. 56:10And they happen for different reasons.
  608. 56:14So sometimes large execution
  609. 56:18that you see on the tape can be for
  610. 56:20different reasons, right? So like it
  611. 56:22depends.
  612. 56:33Oh, the dumps where where we saw the
  613. 56:35where the Yeah, those ones where the
  614. 56:37book where price freezes, the book
  615. 56:39clears out, and next thing you know, we
  616. 56:41blink and we're down like 100 points.
  617. 56:46A lot of that, just so you know, is like
  618. 56:49algorithmic trading.
  619. 57:05you have an opinion on it. Just
  620. 57:07wondering if you ignore it. I don't
  621. 57:08ignore it,
  622. 57:10but I don't use it I don't use that as
  623. 57:13like a crystal ball. Like I guess the
  624. 57:16way I think about it is different than
  625. 57:18the way you think about it because I'm
  626. 57:20I'm watching essentially what's
  627. 57:23happening
  628. 57:25and then I'm I'm watching what the
  629. 57:26reaction is after that. I'm not trying
  630. 57:28to predict something happening and
  631. 57:30predicting the reaction following it. I
  632. 57:32want to see what it is. You know what I
  633. 57:33mean?
  634. 57:55Mhm. Yeah.
  635. 57:57But again,
  636. 58:01there's different reasons for it,
  637. 58:05but that gets into a whole
  638. 58:08conversation.
  639. 58:25Hey yo. Whoa.
  640. 58:47So,
  641. 59:02we're kind of just balancing out here,
  642. 59:04just chopping. I think
  643. 59:21kind of a tough day for me to for how I
  644. 59:23trade uh yesterday and today.
  645. 59:28Although we had an opportunity honestly
  646. 59:30to try and make some money, it just
  647. 59:32didn't work out.
  648. 59:3810point TP 50 point stop loss.
  649. 59:45Hell yeah.
  650. 59:52What is that? A 2R25
  651. 59:58225R. What is that?
  652. 1:00:09Stop, profit, take loss.
  653. 1:00:14Point to Ara.
  654. 1:00:23[snorts]
  655. 1:00:30So, I'm going to sit here for a second,
  656. 1:00:32see if we end up getting out of here.
  657. 1:00:33But if we don't, I'm just going to take
  658. 1:00:35this L on this uh on these funded
  659. 1:00:38accounts.
  660. 1:00:40We Let me see how many I copy traded.
  661. 1:00:45One, two, wait, one, two, three, four.
  662. 1:00:49Copy trade five of them. So, we'll be
  663. 1:00:52down 2,200 on the fundeds.
  664. 1:00:58I just feel like, you know, well, first
  665. 1:01:00of all, I can't, you know, I can't
  666. 1:01:01really trade this, but
  667. 1:01:05maybe we get a good move out of here.
  668. 1:01:07Who knows?
  669. 1:01:092,000 point stop, one point TP.
  670. 1:01:16Hell yeah,
  671. 1:01:20dude. Imagine though. Imagine you did
  672. 1:01:22that though and it didn't work out that
  673. 1:01:24one time.
  674. 1:01:27You would need [laughter]
  675. 1:01:28you would need to make 2,000. You would
  676. 1:01:30need to win 2,000 times
  677. 1:01:34to bring it back to break even.
  678. 1:01:43Yes, stop loss is not necessary. When
  679. 1:01:45you put a stop loss, you're just
  680. 1:01:46anticipating you're going to lose
  681. 1:01:47anyways.
  682. 1:01:51It's the mindset of a loser putting a
  683. 1:01:53stop loss.
  684. 1:02:20nice.
  685. 1:02:25There's nothing wrong with the negative
  686. 1:02:26R. People will do very well on profits
  687. 1:02:28with negative R.
  688. 1:02:39Rehab is for quitters. [laughter]
  689. 1:02:49It's true though.
  690. 1:02:52I'm just joking.
  691. 1:03:26What a week.
  692. 1:03:28What a way to start off August with this
  693. 1:03:31uh price action.
  694. 1:04:13Yo, thanks Mike.
  695. 1:04:17We're we're coming up we're coming up to
  696. 1:04:18the point where I got to ask them.
  697. 1:04:21Speaking of that, shout out Funded
  698. 1:04:22Futures Network for sponsoring our
  699. 1:04:24community. 50% off buy one get one free.
  700. 1:04:27You can get two 50k accounts, no
  701. 1:04:29activation fee.
  702. 1:04:31end of day draw down
  703. 1:04:36for $114. Two of them
  704. 1:04:40with code thrax.
  705. 1:04:43And then
  706. 1:04:46we get accounts from them to give away
  707. 1:04:48to the community for free
  708. 1:04:51because they're so awesome. They're so
  709. 1:04:53generous.
  710. 1:04:55Although I'm running out of accounts, so
  711. 1:04:58I'm gonna have to go back to them and be
  712. 1:04:59like, "Please more accounts."
  713. 1:05:06But yeah, it's really cool of them to do
  714. 1:05:07that.
  715. 1:05:10They've also been around for a very long
  716. 1:05:11time
  717. 1:05:13for Prof.
  718. 1:05:18So, Mike, you have to you contact their
  719. 1:05:21support. You take your uh you take your
  720. 1:05:27receipt that you got in your email and
  721. 1:05:28you forward it to support atfunded
  722. 1:05:31futures network, I think is what it is.
  723. 1:05:33You could double check.
  724. 1:05:36And then you just say, "Here's my
  725. 1:05:38receipt for the BOGO." And then they'll
  726. 1:05:40just give you the account within like,
  727. 1:05:42you know, within like 30 minutes
  728. 1:05:44usually.
  729. 1:05:47All right, let's see if we're going to
  730. 1:05:48hold below this.
  731. 1:05:58Get out of the chop.
  732. 1:06:45or not.
  733. 1:07:12That right there is why you wait.
  734. 1:07:16Someone
  735. 1:07:37step next to me.
  736. 1:07:55You lost 800 in this chop. Sucks. Those
  737. 1:07:591K big trades candles. That sucks.
  738. 1:08:09Yeah, Mr. Nice Guy. I'm looking at that
  739. 1:08:11right now. I was considering it for a
  740. 1:08:13second, but
  741. 1:08:16I can't do it up here.
  742. 1:08:18If I was going to do that, it should
  743. 1:08:19have happened down here.
  744. 1:08:26[cough and laughter]
  745. 1:08:37What's the absorption indicator?
  746. 1:08:40I have this
  747. 1:08:44on a delta profile
  748. 1:08:47where I'm watching things like this and
  749. 1:08:49it prints a diamond when there are
  750. 1:08:55well
  751. 1:08:58delta levels or delta that's like way
  752. 1:09:02out of range. Hold on.
  753. 1:09:20You think price is rage baiting at this
  754. 1:09:22point? Well, just don't don't get rage
  755. 1:09:24baited.
  756. 1:09:27Just don't allow yourself to get rage
  757. 1:09:28baited.
  758. 1:09:30It looks like fair value gap. No, I
  759. 1:09:33don't I've never used that before.
  760. 1:09:38When you say it looks like fur value
  761. 1:09:39gap, you mean it just looks like a box.
  762. 1:09:50Yeah, I've never used it before.
  763. 1:09:51Although, you know what'll be
  764. 1:09:53interesting though is ATS is supposed to
  765. 1:09:54be releasing uh like their own version
  766. 1:09:56of just like how Deep Charts did their
  767. 1:09:59own version of like their options flow
  768. 1:10:01stuff
  769. 1:10:03like Gex and things like that. So,
  770. 1:10:08you know what? Before they keep adding
  771. 1:10:09stuff, how about you fix the problems?
  772. 1:10:11How about that? Because he's got some
  773. 1:10:14problems. Who? First of all,
  774. 1:10:17remove that stupid animation, please.
  775. 1:10:33just trying to add a bunch of stuff to
  776. 1:10:35their platform.
  777. 1:10:38Well, I get it. I guess it's kind of
  778. 1:10:40like a race. Who's got the coolest
  779. 1:10:41features? Who's got the most features?
  780. 1:10:52Your a test doesn't have that animation.
  781. 1:10:55Yeah. I don't know why. Maybe maybe it's
  782. 1:10:56a setting.
  783. 1:10:59I hope it's a setting. If I can turn
  784. 1:11:00that off, I'm going be stoked.
  785. 1:11:09Nope.
  786. 1:11:15Nope.
  787. 1:11:18Oh, Xity. Exity in the chat.
  788. 1:11:22The guy's a famous streamer.
  789. 1:11:30[snorts]
  790. 1:11:45Yo, bro, why are you yelling at me with
  791. 1:11:47all caps? Can you please explain your
  792. 1:11:49stop loss? Um,
  793. 1:11:53what stop loss?
  794. 1:11:55[snorts]
  795. 1:11:59Where?
  796. 1:12:02I'm not even in a trade.
  797. 1:12:05Although, I'm getting ready to try and
  798. 1:12:07get in a trade if we uh actually start
  799. 1:12:09getting below here.
  800. 1:12:17Although, if we fail to break this again
  801. 1:12:21and we slam back up into the range,
  802. 1:12:23we're doing a giveaway and I'm just
  803. 1:12:24going to get off.
  804. 1:13:03Dude, if this thing just goes and runs
  805. 1:13:05what my target's supposed to be.
  806. 1:13:10Yeah, we're gonna have to get off after
  807. 1:13:11that
  808. 1:13:13without allowing me to get into it. It's
  809. 1:13:16looking pretty good though. It's looking
  810. 1:13:17pretty good. Target with first target
  811. 1:13:19down here. Second target down here
  812. 1:13:23if we can hold down here.
  813. 1:13:36Just so everyone knows the reason for
  814. 1:13:39this trade is purely because of this
  815. 1:13:41inverse
  816. 1:13:42fair value gap.
  817. 1:13:50I just have all this stuff on my chart
  818. 1:13:52and say order flow and big words to look
  819. 1:13:55cool, but really at the end of the day
  820. 1:13:58just trading IFGS.
  821. 1:14:53I'm going to enter in. Oh. Uh oh. I'm
  822. 1:14:55going to enter in three micros.
  823. 1:15:05Pretty big stop. 50 point stop.
  824. 1:15:11If we lose this, we'll be down like 700.
  825. 1:15:13It'll be kind of gross, but whatever.
  826. 1:15:17What the hell is this?
  827. 1:15:20Oh, do we long right in that or do we
  828. 1:15:23short it right inside of that?
  829. 1:15:43No, we bottom ticked it.
  830. 1:15:59Should
  831. 1:16:03have waited for that five minutes to
  832. 1:16:04close. That was a mistake.
  833. 1:16:09Green bubbles equal by.
  834. 1:16:12Yeah,
  835. 1:16:14got a little bit of FOMO there. Not
  836. 1:16:16going to lie,
  837. 1:16:19we should have waited for the five
  838. 1:16:20minute to close. I was just worried
  839. 1:16:21about it running without me. Stupid.
  840. 1:16:28But we'll just shut it down.
  841. 1:16:35All right. So, let's do a giveaway
  842. 1:16:37because we took two losses today. Both
  843. 1:16:41of them for
  844. 1:16:43like 50 points.
  845. 1:16:46Um,
  846. 1:16:47we're going to give away a
  847. 1:16:50goat funded futures account.
  848. 1:17:01So, um,
  849. 1:17:06oh yeah, just so you guys know, so this
  850. 1:17:07copy traded across five accounts, we're
  851. 1:17:09down
  852. 1:17:143,700.
  853. 1:17:18All right, so for the YouTube chat L
  854. 1:17:21session, sorry, it is what it is.
  855. 1:17:25Um, that was that this the first trade
  856. 1:17:28we took, just as a recap before I shut
  857. 1:17:30down the YouTube. The first trade we
  858. 1:17:32took, I'm actually okay with that loss.
  859. 1:17:34Um, because it was kind of following
  860. 1:17:37what I was looking to do. What I should
  861. 1:17:39have done on this trade was I did enter
  862. 1:17:41prematurely
  863. 1:17:43before this 5m minute closed.
  864. 1:17:47It might actually what and I should have
  865. 1:17:49waited for us to push up here, right?
  866. 1:17:51and then have failure and then be
  867. 1:17:52looking for shorts at this point. But um
  868. 1:17:57yeah, because of that mistake, I mean,
  869. 1:17:58also we're also at basically daily loss
  870. 1:18:00limit, so I got to shut it down anyways.
  871. 1:18:03But yeah, not a good trade here. We
  872. 1:18:05bottom ticked it like a genius.
  873. 1:18:09Uh but
  874. 1:18:11I'll be back tomorrow, YouTube chat.
  875. 1:18:16if you guys still like me after losing
  876. 1:18:18two trades.
  877. 1:18:20[laughter]
  878. 1:18:22All right, I'll catch YouTube chat
  879. 1:18:23later.

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