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

Full transcript

1. 1:23Yo, what up, King?
2. 1:34Dude, what a sell-off we had overnight.
3. 1:37It's crazy.
4. 2:15>> Dude, we dropped like
5. 2:22from the top right before we came down
6. 2:24almost 1,000 points.
7. 2:28That's crazy.
8. 2:39Yeah, this morning might be cooked.
9. 2:41Yeah.
10. 2:45We might see um
11. 2:47So, kind of what I'm thinking right now
12. 2:49is
13. 2:52we might see some volatility or like a
14. 2:54volatile open, but
15. 3:01in the event that we get above 29,900, I
16. 3:04think we're going to come up and
17. 3:05actually rebalance some of the move down
18. 3:07or retrace a little bit of it, but
19. 3:11I mean, there's a pretty strong chance
20. 3:14um
21. 3:15following a pretty large move
22. 3:17that we potentially balance out or we
23. 3:20whiplash around.
24. 3:23We also have PMI
25. 3:25at 9:45 Eastern.
26. 3:30So, yeah, the morning might be a little
27. 3:32cooked. I just passed this uh Topstep
28. 3:35account last night, so we're going to
29. 3:36try and
30. 3:38trade it a little bit. I pulled a payout
31. 3:40on the Alpha account yesterday, so
32. 3:43um they took that account away for now
33. 3:45until they
34. 3:47give it back to me.
35. 3:49We got all of our other funded accounts,
36. 3:50but I'm going to just
37. 3:54focus on um
38. 3:58I'm going to focus on this this uh
39. 4:00Topstep account today.
40. 4:04See if we can build up a little balance
41. 4:06on it.
42. 4:09Try try and uh
43. 4:11hit a buzzer beater
44. 4:13for a payout before the end of the
45. 4:14month. There's like 5 days left
46. 4:15including today.
47. 4:17>> [snorts]
48. 4:22>> But yeah, crazy move down.
49. 4:32Daily candle's already huge.
50. 5:08Wonder how the open's going to react to
51. 5:10it.
52. 5:49The most ideal situation that is if we
53. 5:51actually uh come up cuz
54. 5:56if we just keep dropping
55. 5:58um
56. 6:02it's going to be kind of hard to get
57. 6:03myself to follow that to be honest.
58. 6:06Although if we could do keep going down
59. 6:07then I'm watching
60. 6:12for us to potentially take lows heading
61. 6:14into
62. 6:16the higher time frame discount but
63. 6:22sheesh
64. 6:26Dude, Asia and London
65. 6:29for the past like 2 months have been
66. 6:31killing it.
67. 6:34Why do I even
68. 6:35sit here
69. 6:37market open at this point?
70. 6:39I just get left with like the the BS.
71. 6:43Got to change the sleep schedule.
72. 6:47No, I did trade Asia yesterday though so
73. 6:49I passed this eval that we're now
74. 6:50trading the funded account. And then
75. 6:53I bought two more evals and hit profit
76. 6:55target on both of them so
77. 6:59I did short it yesterday during Asia. I
78. 7:01just didn't uh
79. 7:03I didn't I didn't hold it for 900 points
80. 7:07because well, it's the eval but
81. 7:16Yeah, last night the even before this
82. 7:18big drop last night the price action for
83. 7:21Asia was pretty clean.
84. 7:24I caught some of this short.
85. 7:27And I caught some of this short.
86. 7:30So
87. 7:32I passed this top step account on this
88. 7:35move down right here.
89. 7:37And then this move down right here I hit
90. 7:39profit target on two more Alpha Premium
91. 7:40accounts.
92. 7:42And look what we did.
93. 7:44That's pretty clean.
94. 7:45We have market open happening here in
95. 7:4830 seconds. I'm seeing if we're going to
96. 7:53Like I'm really just watching 29,900
97. 7:55today. If we can get back above it, we
98. 7:57may actually make a move up, but
99. 8:01if we stay below it, there's a chance
100. 8:03that we just potentially either chop or
101. 8:05I mean, damn, we could even continue
102. 8:07lower, so.
103. 8:39Sheesh.
104. 8:44Let's see if it's going to swing back up
105. 8:45or if we're actually going to push
106. 8:47lower.
107. 8:50I'm I'm expecting these candles to be
108. 8:52pretty large today, so I'm going to have
109. 8:54to um
110. 8:55at least nearly open, so I'm going to
111. 8:57size down.
112. 9:55>> Dude, that's so
113. 9:58so nasty.
114. 10:06So, let's see if we're about to start
115. 10:08swinging up swinging up. I just
116. 10:10I don't really feel
117. 10:12Well, I feel more comfortable trying to
118. 10:14long it than trying to short it, but I
119. 10:15got to wait.
120. 10:18I'd like to see how this 5-minute candle
121. 10:19is going to close first.
122. 10:24Cuz if we did go long, I'd be looking to
123. 10:26take it up towards 29,900.
124. 10:33That's insane, dude. It's like uh
125. 10:36250 points in this area.
126. 10:42So, we just watch sellers attempt to
127. 10:43push lower and they failing, but
128. 10:48to take a trade here requires a huge
129. 10:53stop loss.
130. 10:55So, we're going to wait. We're going to
131. 10:56wait for this 5-minute candle to uh to
132. 10:58close. See what it does.
133. 11:46>> [snorts]
134. 11:49>> Or what I could start doing
135. 11:53Do we keep having these like 250 point
136. 11:55moves, 300 point moves during the
137. 11:58overnight?
138. 12:00Maybe just getting that getting idea for
139. 12:02which way we're going to go, throw a
140. 12:03couple micros on and just hold it
141. 12:07all night.
142. 12:09You know, three micros,
143. 12:10thousand ticks, you make 1,500 bucks.
144. 12:18But yeah, honestly, I got to figure out
145. 12:19a way to take advantage of uh
146. 12:22Asian London session. It's just
147. 12:23happening too often. And then if I don't
148. 12:26take advantage of it and I keep trying
149. 12:28to trade the open,
150. 12:30it's just a waste.
151. 12:33It was pretty clean. It's moving pretty
152. 12:34It's moving very directionally
153. 12:37a lot of the times during Asia
154. 12:39and London.
155. 12:50All right, we got 30 seconds until this
156. 12:51candle closes.
157. 13:00If we [snorts] are going to start
158. 13:01popping up, I'm going to look for us
159. 13:02potentially to come up towards
160. 13:05up here where the 29,900 sitting at.
161. 13:15All right, I might
162. 13:17I might go long.
163. 13:22I'm going to go long with three micros.
164. 13:25But it's going to require
165. 13:28a huge stop loss.
166. 13:41And we'll try and take it towards
167. 13:4229,900.
168. 13:46We just need follow through from uh
169. 13:49the buyers. We had We've been pushing
170. 13:51down all day.
171. 13:53We had a attempt to go lower at the open
172. 13:57and it failed.
173. 13:59We have a strong close on the 5-minute.
174. 14:02And we're looking to see if we're going
175. 14:03to continue it higher or if we're just
176. 14:04going to start chopping here. If we
177. 14:05start chopping here, I'm going to just
178. 14:07take a L.
179. 14:23Disgusting.
180. 14:31It's like a
181. 14:34How big is this stop?
182. 14:38Ew.
183. 14:41Gross.
184. 14:52I'm looking for 690 to hold.
185. 14:56Then we might be okay, but if it
186. 14:58All right, we're cooked.
187. 15:00We're cooked.
188. 15:01If it goes past 690.
189. 15:11Damn, that was terrible.
190. 15:15Three micros lost 500 bucks. I suck,
191. 15:18dude. That's crazy.
192. 15:32>> Well,
193. 15:38so much for trading trading this account
194. 15:40today. Kind of cooked it. So,
195. 15:43we're going to move over to the other
196. 15:46accounts.
197. 16:14Do those terrible, honestly. [music]
198. 16:16Slightly embarrassing.
199. 16:44Dude, where is my stop at?
200. 16:47Was it sitting right here? I think it
201. 16:48was sitting right here.
202. 16:50>> [snorts]
203. 16:52>> Wait, let me see.
204. 16:57752.
205. 17:03Oh, that's 672.
206. 17:08Oh, that's terrible.
207. 17:11Shoo.
208. 17:15No, I'm flat now. I tried to go long. I
209. 17:18got stopped at 672.
210. 17:23Oh my goodness.
211. 17:30Disappointing.
212. 18:02Dude, look where I got stopped. That's
213. 18:04That actually sucks.
214. 18:13God, I'll just let it go.
215. 18:15God, I'll just let it go.
216. 18:17Not going to lie though, slightly
217. 18:19irritating.
218. 18:23Cuz I do think that we are going to come
219. 18:25up. You know.
220. 18:30I just
221. 18:31Here's the thing, like
222. 18:33I got in pretty high up here. Uh I think
223. 18:36around like 750 something, 757.
224. 18:43Full
225. 18:48Just like a really large stop that was
226. 18:50required. I tried to get away with the
227. 18:53shorter stop loss.
228. 18:55Putting it below 690.
229. 19:00And just like tagged me out.
230. 19:03But I do still think we're heading up
231. 19:04towards 29,900.
232. 19:07Unfortunate, you know.
233. 19:10It's my fault, though.
234. 19:45Are you mind in a trade right now? No.
235. 19:48I was. I was trying to go long.
236. 19:56But I can't um
237. 19:59I got to just let it go at this point. I
238. 20:01can't like get back into the
239. 20:04Well, first of all, it's even a worse
240. 20:05entry at this point and you would
241. 20:07still need a huge stop loss. And I'm
242. 20:11also slightly worried that we're
243. 20:12potentially going to
244. 20:14chop around a little bit.
245. 20:18If we were going to make a move, I was
246. 20:19expecting it to happen on the
247. 20:23I was expecting this, right? Like
248. 20:25selling off all day, pushed down at the
249. 20:27open.
250. 20:29Total failure, flip bullish, next candle
251. 20:32retraces, get in, pushes up, goes long.
252. 20:35That's kind of was the idea.
253. 20:45And I try to get in when we like retrace
254. 20:46towards the POC.
255. 20:49And then it just ripped.
256. 21:15>> So, we have we have PMI in 2 minutes.
257. 21:38I got to be careful cuz now I'm trading
258. 21:40uh five funded accounts.
259. 21:42So,
260. 21:47we're going to wait to see what happens,
261. 21:48but
262. 21:50I'm less likely to try and take anything
263. 21:52in here now. I'd rather
264. 21:54um
265. 21:59I want to see what we do around 29,900.
266. 22:02So, I want us to get up there first.
267. 22:06And then I'm going to have to use some
268. 22:07pretty small size with um
269. 22:11with these accounts. I'll probably go
270. 22:12like two micros, honestly.
271. 22:15And then
272. 22:17try and add into a winner. I think
273. 22:19that's kind of the idea.
274. 22:21Because
275. 22:23I'm expecting the open today. I mean,
276. 22:26we've already seen it in the first
277. 22:272-minute first two 5-minute candles, but
278. 22:32I'm expecting it expecting it to be a
279. 22:33little volatile.
280. 22:35We're deep in um
281. 22:40negative gamma territory. Although, the
282. 22:41profile today is pretty thin
283. 22:45on QQQ,
284. 22:47which is interesting.
285. 22:56Yeah, copy trading them.
286. 23:07>> Dude, yesterday so I went to go take a I
287. 23:10went to go take my payout for that Alpha
288. 23:12account. I was speaking about that.
289. 23:14I need to change that number up there.
290. 23:16But I went to go take my payout for the
291. 23:19Alpha account and um
292. 23:23Dude, they lowered the cap.
293. 23:25On the day retroactive change on on the
294. 23:28day that I went to go take a payout, so
295. 23:31I couldn't take the
296. 23:332800.
297. 23:35I was only able to take 2000, which is
298. 23:37lame.
299. 23:39It's only $800 difference, but still
300. 23:41like
301. 23:43a retroactive any type of retroactive
302. 23:45change is so lame because
303. 23:47you buy the account under the assumption
304. 23:49of a certain set of rules, right?
305. 23:54Then they change it.
306. 23:56It's like I didn't sign up for that.
307. 24:02So now that honestly if they without a
308. 24:0640 or 50% discount the
309. 24:11their premium accounts actually don't
310. 24:12make sense anymore.
311. 24:15There's no reason because they're more
312. 24:16expensive, but now they have a payout
313. 24:18cap like the rest of the prop firms, so
314. 24:19what's the point of buying them at this
315. 24:21point? Which is a bummer because I like
316. 24:23those accounts because
317. 24:24>> [music]
318. 24:24>> originally it was like first payout on a
319. 24:2650K was 3K, second payout was like 4K.
320. 24:31But now it's like first payout's 2K,
321. 24:33second payout 2250,
322. 24:36third payout 20 2500.
323. 24:39It's lame.
324. 24:41Yeah, they said they had to change it
325. 24:42because of live accounts because they're
326. 24:44allowing five live accounts. Like I
327. 24:46don't care about that.
328. 24:56No, all the the whole
329. 24:58they're all lowering. They've all been
330. 25:00lowering their payout caps. There's only
331. 25:02like a few of them left that are over
332. 25:032,000 for 50 K's.
333. 25:26Yeah, it's pretty pretty annoying. But
334. 25:30I mean a payout's a payout, so we took
335. 25:32the payout.
336. 25:39We've been focusing a lot on evals this
337. 25:42uh
338. 25:43this month.
339. 25:45So, I think July should be pretty good
340. 25:47as long as I just don't mess it up.
341. 25:50Cuz I have eight funded accounts right
342. 25:52now and I have
343. 25:54um
344. 25:57Yeah, I'm pretty I'm
345. 25:59Yeah, you're going to smack Alpha. Yeah,
346. 26:01I'm pretty net positive with Alpha, so
347. 26:07I don't really mind.
348. 26:11But yeah, I have eight funded accounts
349. 26:12right now and then I got two that are
350. 26:14two evals that are halfway done. I'll
351. 26:16probably try and pass tomorrow.
352. 26:17Hopefully get up to 10 funded accounts.
353. 26:25And then I'll probably still keep
354. 26:26working on them.
355. 26:28And then once I have enough uh funded
356. 26:29accounts like
357. 26:33I mean eight's a pretty good number, but
358. 26:34once I have more
359. 26:36I'm actually going to take like one or
360. 26:37two of them and be really aggressive
361. 26:39with them. Probably on the top steps
362. 26:41because they have uh
363. 26:44the $4,000 payout. So, I mean I might I
364. 26:47might blow it, but what I would do is
365. 26:49like
366. 26:51They have a $1,000 daily loss limit, so
367. 26:54you get a little bit of profits on the
368. 26:55day and then you literally just like
369. 26:56size up risk all the profits and then
370. 26:58just go for big days.
371. 27:03So,
372. 27:06the idea of what I was talking about
373. 27:08this morning is playing out, but
374. 27:10unfortunately, [clears throat] we got
375. 27:11stopped out literally I think by three
376. 27:14ticks or something.
377. 27:15Two or three ticks.
378. 27:17Which is unfortunate, but the idea was
379. 27:20there just
380. 27:23it is what it is.
381. 27:35So, as we approach 29,900, I'm going to
382. 27:37be
383. 27:39watching what happens up here.
384. 27:48If we get above
385. 27:50and we hold above
386. 27:5329,900, there's a chance that we
387. 27:55actually
388. 27:58continue up.
389. 28:01How did I get my first funded account?
390. 28:04Uh
391. 28:05my first funded account was the first
392. 28:07eval I ever purchased and it's because I
393. 28:09was copy trading a guru.
394. 28:13Just took all of his trades, caught him
395. 28:14on a winning streak.
396. 28:16And then I thought it was this is like
397. 28:17the easiest thing in the world.
398. 28:20It's a long time ago.
399. 28:24My first payout took a very long time to
400. 28:26get.
401. 28:29Took me like
402. 28:33a year
403. 28:34and a few months, maybe a year and a
404. 28:37half maybe
405. 28:39to get my first ever payout.
406. 28:44So, year and a half of losing every
407. 28:46single day and just blowing a bunch of
408. 28:47accounts.
409. 29:08You try to download the setup in ATAS,
410. 29:10but it's not working.
411. 29:12What do you mean?
412. 29:18It's a CTS file. You just
413. 29:22And then it And then you got to make
414. 29:23sure you're using it for the right
415. 29:24platform. So, it might be ATAS X or
416. 29:27ATAS.
417. 29:29So, make sure you're using the right one
418. 29:30for the right platform. I have them
419. 29:32labeled.
420. 29:34And then you just import the template.
421. 29:45So, I want to see if we're going to get
422. 29:46above this. This is what I'm waiting for
423. 29:48if you're wondering
424. 29:50watching this.
425. 29:52I'll keep it circled.
426. 29:53Which one do I use? I use all of them
427. 29:56that I have posted.
428. 30:04The main The main one I use is this one.
429. 30:07But then I also use this
430. 30:09uh ECA. This is like a
431. 30:13uh 15-minute version of that.
432. 30:16And then this right here
433. 30:20where my mouse is. This is a delta
434. 30:21profile.
435. 30:26So, if you ever see me looking over
436. 30:27here, that's what I'm looking at.
437. 30:37And then I'm also using
438. 30:40this which is a 1 minute on deep charts.
439. 30:54Bummer. What a bummer.
440. 31:11All right, so we're approaching 29,900.
441. 31:13I want to see if we're actually going to
442. 31:14get above this or if we're going to um
443. 31:17start forming a range.
444. 31:23Damn, the original idea worked out.
445. 31:25Although the risk reward really wasn't
446. 31:27that great on it. I went long at like
447. 31:2857.
448. 31:31My stop was right here
449. 31:34at 72.
450. 31:39And I was aiming for up here like a 1.6.
451. 31:46Oh my goodness, dude.
452. 31:54Ah.
453. 31:58Oh, dude.
454. 32:00Can't do anything but just laugh at
455. 32:01that. That's crazy.
456. 32:03All right.
457. 32:09>> [snorts]
458. 32:34>> We also have to be okay. So, I'm
459. 32:36watching this, right? And the idea is
460. 32:39this, okay?
461. 32:41If we push through 29,900
462. 32:44and buyers reclaim this and we actually
463. 32:47hold above here and start showing some
464. 32:49acceptance, value building above here,
465. 32:53then there's a pretty good chance
466. 32:55of two things happening. Either
467. 32:58we actually continue up
468. 33:00to
469. 33:02retrace some of the drop that happened
470. 33:04overnight.
471. 33:06Or
472. 33:07because this is like the
473. 33:11the biggest strike for the day,
474. 33:13there's also a chance that we can
475. 33:15potentially um rotate around it.
476. 33:19A lot of the times um
477. 33:23after we have like a really large drop,
478. 33:26not every time, but
479. 33:28I do notice it happens,
480. 33:30is that we may drop,
481. 33:33bounce up, and then somewhere after we
482. 33:35bounce back up, we find value.
483. 33:38So, I mean, there's a potential it can
484. 33:39happen around here.
485. 33:42>> [snorts]
486. 34:21>> But, what I'm looking at right now is we
487. 34:23are approaching that I'll mark it out on
488. 34:25here.
489. 34:2729,900,
490. 34:29we're kind of struggling to get past it.
491. 34:44We also have the 4-hour opening in like
492. 34:474 minutes, so
493. 34:49probably wait for that.
494. 34:5429923
495. 34:56FOMC low.
496. 35:03All right.
497. 37:30>> So, I was about to say it looks like
498. 37:32we're probably going to
499. 37:36break through this.
500. 37:47So, let's see what the hourly does right
501. 37:49here in 20 seconds, the 4-hour.
502. 38:06Have I tried combining a regular job and
503. 38:09trading?
504. 38:11Um
505. 38:13I do other stuff.
506. 38:26>> Regular job though? No, I haven't had a
507. 38:28regular job since um
508. 38:322020
509. 38:342022.
510. 38:41I have a software
511. 38:44for law firms though.
512. 38:53All right, so what I'm looking at right
513. 38:55now is um
514. 38:57now that we're holding above 29,900, I
515. 39:00am expecting us to continue higher, but
516. 39:02I can't just like get in right here.
517. 39:05>> [clears throat]
518. 39:08>> I would actually have to wait for us to
519. 39:11have a pullback and watch for seller
520. 39:13failure and then try and take it long.
521. 39:22But who knows? Maybe the entry that I
522. 39:24tried to take at the open is like the
523. 39:26only entry and we just rip it.
524. 39:32Which would be unfortunate, but you
525. 39:34know,
526. 39:38it is what it is.
527. 39:50Do I still use the same ATS template
528. 39:52from my vid? What vid?
529. 39:56You're talking about the one I made over
530. 39:58a year ago?
531. 40:28>> Well, I don't know what video you're
532. 40:29talking about. You got to tell me.
533. 40:33We're approaching 30,000
534. 40:35right now.
535. 40:45What I was looking for at this open is I
536. 40:47was looking for us to open,
537. 40:50pull back,
538. 40:52and then I was going to try and take a
539. 40:53continuation.
540. 40:55But, it just went without me.
541. 41:26But, I am worried about us doing what I
542. 41:28said, bouncing and then finding some
543. 41:32value.
544. 41:39It's definitely best opportunity was
545. 41:41definitely down here.
546. 41:50Although, I pro- I probably would have
547. 41:51gotten out at 29,900 with a hard TP
548. 41:54rather than trying to hold it.
549. 42:03No, I don't use a range chart, DBK.
550. 42:07The smallest I go is like 1 minute. And
551. 42:10then,
552. 42:11um,
553. 42:12range charts, I just
554. 42:14I don't use them.
555. 42:17For me, they get kind of noisy.
556. 42:22But, they can be great for trying to
557. 42:24pinpoint entries.
558. 44:26>> So the only thing I'm looking at right
559. 44:28now is I'm trying to see if we're going
560. 44:29to
561. 44:31come back towards 29 like somewhere
562. 44:33towards 29,000
563. 44:35in here.
564. 44:42If we pull back and then sellers are
565. 44:44failing to take it lower and we start
566. 44:47flipping back up, I'm probably going to
567. 44:49try and take a continuation higher.
568. 44:54Depending on what it looks like when it
569. 44:56gets down here though.
570. 45:01Otherwise, if it just kind of slams back
571. 45:03in here then
572. 45:07it is what it is and we'll probably just
573. 45:09not touch that.
574. 45:13And then I might have to wait for I
575. 45:16might have to wait a while.
576. 45:19I realized that like
577. 45:21recently
578. 45:23you know, I usually trade the first hour
579. 45:26and a half
580. 45:29or hour
581. 45:30of market open.
582. 45:33And then like some days the market won't
583. 45:36be doing much during that time frame.
584. 45:39And then I'll be like, all right guys,
585. 45:41getting off stream. Catch you later.
586. 45:43Then the like yesterday, okay? The
587. 45:45moment I get off stream, we just start
588. 45:48moving. And I'm like, great, you know?
589. 45:52And then
590. 45:53>> [laughter]
591. 45:54>> And then I like yesterday, I took one
592. 45:56break even and one loss on stream.
593. 46:00And then I get off stream and then I I
594. 46:02took
595. 46:03I took two more trades that were both
596. 46:05winning trades.
597. 46:08But that was like way that was way
598. 46:09after. It was like an hour after
599. 46:12I got off stream.
600. 46:14But I got a uh
601. 46:15I think I might have to sit on stream
602. 46:17longer.
603. 46:18We've been having some decent moves
604. 46:19heading into lunch hour.
605. 46:23Cuz in the past, what it used to be
606. 46:26is we make a we make a move
607. 46:29off the open, or you know, maybe we chop
608. 46:31for like 15 20 minutes, then make a
609. 46:32move, and then
610. 46:34volatility dries up, volume dries up.
611. 46:38The closer we get towards lunch. And
612. 46:41that's why I would typically stop.
613. 46:43Uh but it's a little different now.
614. 46:48On some days. Some days it still does
615. 46:49that, but
616. 46:52I have noticed that
617. 46:54we've been getting
618. 46:56past couple months sometimes
619. 46:58um some decent moves
620. 47:00towards
621. 47:05like the second hourly candle of uh
622. 47:08the open.
623. 47:1111:00 Eastern.
624. 47:138:00 a.m. Pacific.
625. 47:20Yeah, when everyone's eating lunch.
626. 47:38It didn't go deep enough.
627. 47:40I was looking for it to
628. 47:43pull back further.
629. 47:45It's going to continue its run.
630. 49:34>> It's not looking good for lungs.
631. 49:36Let's I'm going to see
632. 49:39if we come down into here. I'm going to
633. 49:41watch
634. 49:42what it does.
635. 51:47>> If it doesn't pull back though, I mean
636. 51:49sh
637. 51:50Just got
638. 51:52I guess like
639. 51:53let it pump.
640. 52:03A pull back would be nice though. Pull
641. 52:04back
642. 52:07and then looking for sellers to fill.
643. 54:33>> Well, in the meantime, while I wait for
644. 54:35something to happen,
645. 54:37does anybody catch those longs?
646. 54:41Or had or tried to enter when I entered
647. 54:43and had like a
648. 54:45six tick stop loss that or six ticks
649. 54:48bigger
650. 54:49stop loss?
651. 55:02Oh, nice.
652. 55:04You're waiting for London highs?
653. 55:07For us to You're in longs holding it to
654. 55:09take it.
655. 55:19Mhm.
656. 55:20Put long in RTY. Nice.
657. 55:26Yo, Mr. Pentsa, do you need to make
658. 55:283,000? Are you trying to make 3,000 to
659. 55:32uh
660. 55:346,000 profit target on a 50k.
661. 55:45Yeah.
662. 56:07Three micros. So, you're going for 2,000
663. 56:10ticks.
664. 56:12Banger.
665. 56:25Yes, sir.
666. 56:50Try to go long somewhere over here.
667. 57:00We're kind of just uh
668. 57:03grinding up right now.
669. 57:11What up, Apple?
670. 57:13Well,
671. 57:14we tried to take longs down here. I got
672. 57:16stopped by
673. 57:20I got stopped. Like my uh stop-loss is
674. 57:22right here.
675. 57:24It's pretty nasty. And then, the idea
676. 57:27was we were looking for us to come up to
677. 57:2929,900.
678. 57:31In the event that we get above 29,900
679. 57:34and we kind of hold up here, then I'm
680. 57:36expecting
681. 57:37potentially for us to
682. 57:40continue up or
683. 57:42the other thing is for us to potentially
684. 57:44rotate around
685. 57:4729,900.
686. 57:50So, right now what I'm looking at is
687. 57:54>> [clears throat]
688. 57:54>> we're kind of grinding up on a 1-minute.
689. 57:57So, this is not really something that is
690. 57:59a good idea to try and like short.
691. 58:03I would rather us
692. 58:05um
693. 58:07break down
694. 58:10back towards this area
695. 58:12and watch sellers begin to struggle and
696. 58:14fail.
697. 58:15And then when buying stops back in, the
698. 58:17idea is to try and go long. But, if we
699. 58:18never get down there and we kind of just
700. 58:20like
701. 58:23grind, grind, grind, pop, grind, grind,
702. 58:25grind, grind, drop, grind, grind, like I
703. 58:26can't trade that.
704. 58:28>> [laughter]
705. 58:29>> So,
706. 58:30I got to just let that let it go.
707. 58:46Yeah, DBK, that would be great. It'd be
708. 58:49ideal.
709. 1:00:06>> 200 more points.
710. 1:00:31Like this is a large enough range where
711. 1:00:33I'm slightly tempted to try and actually
712. 1:00:35short it down towards the put wall
713. 1:00:37bottom. Think it's actually a good idea.
714. 1:00:40I mean it might it might work out, but
715. 1:00:44whenever I try and short grinds up like
716. 1:00:47slow grinds up where it'll look like
717. 1:00:48it's about to come down and then it'll
718. 1:00:50just rip it back and I just
719. 1:00:52end up getting wrecked.
720. 1:00:59But we are kind of stalling out up here
721. 1:01:00around the 30,000 area.
722. 1:01:04We're watching buying pressure step in
723. 1:01:06and it's not really pushing it higher.
724. 1:01:08And now we're seeing selling pressure.
725. 1:02:02>> That is a great example of why you don't
726. 1:02:04try and short the grounds up. In the
727. 1:02:06past those used to just wreck me.
728. 1:02:11Those used to wreck me.
729. 1:02:14I don't fall for it anymore. Actually,
730. 1:02:15sometimes I do, but I try not to.
731. 1:02:25But maybe maybe it'll actually work out.
732. 1:02:38But I'm not going to take it.
733. 1:02:40I would like this to actually come down
734. 1:02:42though so that I have an opportunity to
735. 1:02:43try and long it.
736. 1:03:57>> Does anyone know if there's a setting on
737. 1:03:59TradingView to uh
738. 1:04:05like
739. 1:04:06what's it called?
740. 1:04:08Make it so that the candles move faster.
741. 1:04:12Some platforms have it. I've never
742. 1:04:13really looked into it for TradingView.
743. 1:04:17Sometimes they have a
744. 1:04:18setting where it's like slow
745. 1:04:21or
746. 1:04:24I don't know. Does anyone know what I'm
747. 1:04:25talking about?
748. 1:04:27Or these candle The way that TradingView
749. 1:04:29kind of prints these candles is super
750. 1:04:30choppy compared to like
751. 1:04:33where it's showing tick by tick.
752. 1:04:37Yeah and no.
753. 1:04:44All right.
754. 1:04:45We'll figure it out later.
755. 1:04:47Oh.
756. 1:04:48Oh, they don't. Okay.
757. 1:04:51So, I'm watching us push down right now.
758. 1:04:54Um
759. 1:04:56the only thing that's slightly
760. 1:04:57concerning is that the hourly maybe
761. 1:05:00flipping bearish, but
762. 1:05:02we're still watching down here.
763. 1:05:06I'd like us to go a little lower.
764. 1:05:09And then we're We're to see if it makes
765. 1:05:11sense.
766. 1:05:12Um Yeah, TradeStation has it. Yeah, so
767. 1:05:14does Project X.
768. 1:05:15We're going to see if it makes sense to
769. 1:05:17try and long it.
770. 1:05:20Unless it never actually gets down here
771. 1:05:21and it just goes.
772. 1:05:25But just cuz it comes in here doesn't
773. 1:05:27mean I'm just automatically going to
774. 1:05:28long it. I just I want to see us push
775. 1:05:31into it.
776. 1:05:34And then have some responsive buying
777. 1:05:36activity to try and long it.
778. 1:05:40Cuz we go for the highs basically.
779. 1:05:43And it'll be like 100 points.
780. 1:05:53Unless we start ripping through it then
781. 1:05:57we got to just give it up.
782. 1:06:08We have the new 15-minute opening, so
783. 1:06:14in like 2 minutes.
784. 1:08:11>> All right, I hope the new 15 minute
785. 1:08:13opens up and does not go take the highs
786. 1:08:17and instead drops down
787. 1:08:20into here first.
788. 1:09:29>> All right, let's see.
789. 1:10:14I would like us to actually
790. 1:10:16clear this out.
791. 1:10:19If we take orders sitting around 29,900
792. 1:10:23and then we see a big trade pop up and
793. 1:10:26we immediately reject it.
794. 1:10:29I'm probably going to try it.
795. 1:11:03>> So, I want to see us take out the orders
796. 1:11:05at 29,900. I'm going to use small size.
797. 1:11:08I'm going to start with two micros.
798. 1:11:11If I do end up entering into it,
799. 1:11:13um
800. 1:11:22All right, I'm going to enter into
801. 1:11:24micros. The stop's going to be below.
802. 1:11:27We didn't take the orders at 29,900, but
803. 1:11:30if we come back to take them,
804. 1:11:35the stop's going to be sitting at
805. 1:11:3829,880.
806. 1:11:40Actually, it should probably be
807. 1:11:43slightly below it.
808. 1:11:46I'm going to look for an opportunity to
809. 1:11:48try and add into it.
810. 1:11:50>> [snorts]
811. 1:11:58>> Because we're only in two micros, but TP
812. 1:12:00would be
813. 1:12:02us to go make a new high, which is like
814. 1:12:04over 100 points. So,
815. 1:12:06it would still, even though it's two
816. 1:12:07micros, it would still be like 400 bucks
817. 1:12:09if it goes up there.
818. 1:12:17We've just got to see if it's going to
819. 1:12:19come back down to take the orders or if
820. 1:12:21buyers are just going to start having
821. 1:12:22follow-through.
822. 1:12:36And then if I lose this trade,
823. 1:12:38um
824. 1:12:41I'm just going to stop all the day
825. 1:12:45for these accounts.
826. 1:12:46I do have my other funded accounts, but
827. 1:12:49I don't know, probably
828. 1:12:51probably chill.
829. 1:13:34All right, let's see if we take the
830. 1:13:35orders at 29,900.
831. 1:13:38>> [snorts]
832. 1:13:41>> If we take them and we reject, like if
833. 1:13:44if you see a big trade pop up right here
834. 1:13:47and we start rejecting, then
835. 1:13:49I'm actually going to add into it. But,
836. 1:13:52if we just take the orders and kind of
837. 1:13:53just run through them and hit stop loss,
838. 1:13:56then
839. 1:13:59we're just going to take the L.
840. 1:14:02I just hope it doesn't spike down, hit
841. 1:14:04the stop, and then pop up.
842. 1:14:09But, I think I have I think I'm giving
843. 1:14:11it enough room. I'm giving it like
844. 1:14:13almost 25 points from where the orders
845. 1:14:15would be taken.
846. 1:14:33Pretty strong push.
847. 1:14:35About almost 50 points in profit.
848. 1:14:39Um at this point,
849. 1:14:48Okay, now we move stop to break even.
850. 1:14:59We're looking for
851. 1:15:01buyers to have some follow through.
852. 1:15:04Sorry, you can't see this. We have to be
853. 1:15:06careful though. Like we could
854. 1:15:08potentially just
855. 1:15:11come up here and
856. 1:15:13turn around again.
857. 1:15:15Um
858. 1:15:17cuz the 15-minute looks like this.
859. 1:15:22So, we're looking for the 15-minute.
860. 1:15:24Came down [clears throat] what we wanted
861. 1:15:25it to do towards
862. 1:15:2729,900.
863. 1:15:29We're trying to see it
864. 1:15:31um
865. 1:15:32continue the pump up, but it it requires
866. 1:15:35us to
867. 1:15:40kind of get get above this 30,000 area
868. 1:15:44um
869. 1:15:45and start pushing it.
870. 1:15:47Otherwise, we're just going to hit break
871. 1:15:49even.
872. 1:15:51But decent attempt. Me and smaller size
873. 1:15:54though, so
874. 1:15:58there wasn't a proper opportunity for me
875. 1:16:00to try and add into the
876. 1:16:03position.
877. 1:16:04Cuz I usually add in on a winner.
878. 1:16:07A winning position.
879. 1:16:09The reason why I didn't add into it or I
880. 1:16:11was waiting to add into it cuz I I
881. 1:16:14thought that we could still take 29,900.
882. 1:16:17So, in the event that we came down to
883. 1:16:19take it
884. 1:16:20and we immediately rejected after
885. 1:16:22filling those orders, I would have added
886. 1:16:24into it on the way up. But since it's
887. 1:16:26still down there
888. 1:16:28I'd rather just leave it to micros
889. 1:16:31and just either let it hit break even or
890. 1:16:34go up to where we're trying to take it,
891. 1:16:36but
892. 1:16:38it's not looking good. We see we saw
893. 1:16:40buyers stepping in.
894. 1:16:43All of this volume is building up here.
895. 1:16:45This is where the 5-minute POC is at and
896. 1:16:47it's just it failed
897. 1:16:50to push higher.
898. 1:16:54So, we're like 60
899. 1:16:5760 points
900. 1:16:59when we hit
901. 1:17:00break even.
902. 1:17:42We'll see what happens.
903. 1:17:43Um
904. 1:17:46after we take I'm less inclined to try
905. 1:17:48and take it now, by the way, though. Uh
906. 1:17:50or like to try and take this trade again
907. 1:17:52because we just watched buyers try and
908. 1:17:54step step in and then they just
909. 1:17:55absolutely got demolished.
910. 1:17:58They just failed.
911. 1:18:00So,
912. 1:18:03there we go taking the orders that were
913. 1:18:05sitting at 29,900.
914. 1:18:10But, I just
915. 1:18:11even if we reject it here and we start
916. 1:18:13popping up,
917. 1:18:16I just uh
918. 1:18:25I don't know if I'd want to take that.
919. 1:18:29Let it go down more.
920. 1:19:51>> Got cooked on the first shot, but got in
921. 1:19:53on this one. Nice.
922. 1:20:46>> I'm like slightly tempted to try and go
923. 1:20:48long.
924. 1:20:53I just I'm watching us struggle to get
925. 1:20:55lower, but
926. 1:21:02this is what concerns me, though.
927. 1:21:07What happened right here when we were in
928. 1:21:08the first position.
929. 1:21:15And that we're approaching
930. 1:21:18the hourly close and it looks like this.
931. 1:21:21You know what I mean?
932. 1:21:23So, I think I'm just going to have to
933. 1:21:25I'm I'm not going to take that. Even if
934. 1:21:28it
935. 1:21:29does end up working out, it just
936. 1:22:04Cuz my thought process is like
937. 1:22:07we came into where I wanted to look for
938. 1:22:10a long. We had aggressive participation
939. 1:22:13of buyers.
940. 1:22:16And then it failed.
941. 1:22:20So, now this is just instantly
942. 1:22:22suspicious.
943. 1:22:25It's just suspicious at this point.
944. 1:22:36We just did it even lower here, so.
945. 1:23:37Probably about to push lower right now.
946. 1:23:43Unless we get back above that area, but
947. 1:23:46it's not looking like we're going to.
948. 1:24:44>> Market is moving pretty nicely though.
949. 1:24:47Very minimal
950. 1:24:48uh
951. 1:24:50chop compression. There's no We're just
952. 1:24:52moving so
953. 1:24:53I do think that there's going to be an
954. 1:24:55opportunity as long as uh
955. 1:24:57we continue doing this.
956. 1:25:40What would my target be? For what? If I
957. 1:25:42was in shorts right now?
958. 1:25:52If that's what you're asking then
959. 1:25:53probably um
960. 1:25:57I'd probably be careful when we start
961. 1:25:59getting towards 29,800 because
962. 1:26:03this is starting to enter the another
963. 1:26:05area where I'd potentially try and
964. 1:26:11I wouldn't even use that actually.
965. 1:26:17Around here.
966. 1:26:18I'd be watching around here.
967. 1:27:39Yeah, I'm watching T Glicky. I'm
968. 1:27:41watching this right now.
969. 1:28:59>> All right, I'm going to go long right
970. 1:29:00here.
971. 1:29:02My stop's going to be right below. I
972. 1:29:04need us to get back above 29,900.
973. 1:29:35Only two micros again. If there's an
974. 1:29:37opportunity to add into it, I will.
975. 1:29:41Um
976. 1:29:43We got to get We got to be careful if we
977. 1:29:45start approaching 29,980.
978. 1:29:48The only thing is that we we do need to
979. 1:29:51push through 29,900 and actually stay up
980. 1:29:54here.
981. 1:29:55Otherwise,
982. 1:29:56uh potentially cooked, but
983. 1:30:00we're really not risking a lot.
984. 1:30:03Stop's just right at the lows, so
985. 1:30:09What I might do though is I'm going to
986. 1:30:11see how this 5-minute closes.
987. 1:30:14If we close back above and it's a strong
988. 1:30:17close back above 29,900
989. 1:30:20and if the next candle immediately
990. 1:30:21starts pushing down and then I see
991. 1:30:23seller failure then I'll actually add
992. 1:30:25into it, but for now
993. 1:30:27we do need to stay above this, otherwise
994. 1:30:29this trade idea is not valid for me.
995. 1:30:35If we go down and we go and basically
996. 1:30:37make a
997. 1:30:39you know, watch this buying pressure
998. 1:30:40come in again and then just fail.
999. 1:31:06877
1000. 1:31:10Yeah, that's not a good sign.
1001. 1:31:23Cuz we came up to um
1002. 1:31:25we failed we're failing.
1003. 1:31:29But I wanted to give it a try. It wasn't
1004. 1:31:31that big of a
1005. 1:31:32won't be that big of a loss.
1006. 1:31:38And then I'll and then I'm going to stop
1007. 1:31:39right now, so
1008. 1:31:40we um
1009. 1:31:43I'll I'll do a quick recap.
1010. 1:32:23>> All right, there it goes. It's going to
1011. 1:32:25take us out. So,
1012. 1:32:27um
1013. 1:32:29At the beginning of the day, the idea
1014. 1:32:32was we were looking for longs
1015. 1:32:35um
1016. 1:32:36to head up into 29,900. I tried to take
1017. 1:32:39longs. I got stopped out by like a
1018. 1:32:41couple ticks.
1019. 1:32:43And then
1020. 1:32:47we tried to go long off the first bounce
1021. 1:32:50off of this
1022. 1:32:51off the put wall. It went like 50 points
1023. 1:32:54or 60 points in a profit and then
1024. 1:32:55slammed back down.
1025. 1:32:57And then we were watching
1026. 1:33:01sellers push lower
1027. 1:33:02where they were beginning to
1028. 1:33:05They were struggling to get lower and so
1029. 1:33:07once buying pressure started stepping
1030. 1:33:09in, I actually went long.
1031. 1:33:11And I needed us to hold above 29,900.
1032. 1:33:15We um
1033. 1:33:17We pushed above it. We were like 50
1034. 1:33:19points in profit. I didn't want to move
1035. 1:33:20that one to break even cuz I needed to
1036. 1:33:22give it a little bit of room.
1037. 1:33:24And we're only into micros.
1038. 1:33:27So, we ended up uh
1039. 1:33:29holding it. It just hit our
1040. 1:33:31stop loss. I hope it continues down,
1041. 1:33:33honestly.
1042. 1:33:34Um
1043. 1:33:37So, yeah. One two losses, one break
1044. 1:33:40even. Not the best session yesterday or
1045. 1:33:42today,
1046. 1:33:44but losses are relatively small.
1047. 1:33:47But, it's cuz I'm using tiny size.
1048. 1:33:49So,
1049. 1:33:54So, yeah.
1050. 1:33:57Unfortunate. It is what it is.
1051. 1:34:00We missed out on our best opportunity or
1052. 1:34:03we fumbled it on this one
1053. 1:34:04>> [music]
1054. 1:34:05>> cuz that would have been
1055. 1:34:06uh
1056. 1:34:08like a 1.6R we're risking it would have
1057. 1:34:10been like $850 on that Topstep account,
1058. 1:34:13but we're down. So, we're down 175 * 5.
1059. 1:34:19And then we're down like 480 on the
1060. 1:34:22Topstep.
1061. 1:34:24So,
1062. 1:34:25I'll just come back tomorrow.
1063. 1:34:27I'll catch you guys later.
1064. 1:34:30Peace.