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

by Christopher Creamer | Orderflow Trader · 3,420 words · 675 segments · language en · Watch on YouTube

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0:02Yeah, what up, Joseph?
0:17>> [snorts]
0:42>> Oh, dude, I'm tired.
0:47I
0:48am tired.
0:56I stayed up past my bedtime last night
1:00watching the UFC fight.
1:07Which I don't know if anyone watches
1:09that, but that was a pretty good card.
1:12They were literally all knockouts,
1:13basically.
1:17Which was pretty cool.
1:19It was also pretty trippy to see people
1:21fighting right in front of the White
1:22House. I thought that was kind of funny.
2:19>> Can you borrow
2:2120 cents from my profits?
2:24Yeah, I got you, bro.
2:28I got you on the 20 cents.
2:31Yeah, it's contract rollover right now.
2:33So, actually the continuous contract is
2:36if you're if you're on
2:37um
2:39if you're on TradingView,
2:41the continuous contract is actually on
2:44the U contract already.
2:48Um
2:50which
2:53if you're doing that, your numbers on
2:55your chart and what I talk about here
2:57today is actually going to not make any
2:59sense to you.
3:01I'm purposely
3:03using the M contract today.
3:07Now, I'll probably switch over to the U
3:09contract tomorrow.
3:15I need to um
3:20I know they're rolling over volume,
3:23but um
3:25as far as for
3:28as far as for like
3:31the volume that's at least public on the
3:33CME, which of course, you know, is going
3:35to be totally different once the day
3:37ends, but
3:39the most of the volume, I think it's
3:40still on the uh
3:42the M contract.
3:45And plus, like some of the tools I have
3:47right now are on the M contract, so I
3:49just
3:50I changed my chart to look at the M
3:52contract.
3:57I have one of my charts though.
3:59This one is on the U contract just in
4:01case.
4:02But
4:04uh
4:20Let me just double check real quick. I'm
4:22not being an idiot.
4:27Yeah, so
4:31the open interest and volume is still on
4:33the June contract as far as what the CME
4:35says, but
4:39it's probably going to change after
4:40today to be completely honest. It's kind
4:42of what I'm what I'm expecting. Probably
4:44change after today.
4:48What up, Deuce?
4:50You back from your trip?
4:55Nice.
5:00I'm not really expecting us to go fill
5:03that gap we created anytime soon. So, I
5:06mean
5:07it depends.
5:09There's kind of a lot going on this
5:10week.
5:11We had this Trump deal, the peace deal.
5:15And then
5:16we also have rate hikes, potential rate
5:19hikes with Bank of Japan.
5:21Which is totally going to
5:24I don't know. We got to pay attention to
5:26it.
5:31So, and then we got contract rollover,
5:33and then we got
5:35quarter ending.
5:40So, we're going to have
5:42bunch of expirations Thursday.
5:45Probably going to be um
5:50kind of nasty because you have
5:53weak it's just a it's just a OPEX that
5:56has quarterly, monthly, weekly.
6:04Am I using DX Feed or Rithmic in ATS?
6:07I'm using Rithmic in ATS.
6:13And also this morning
6:16to start the morning, I am going to
6:19trade my funded account
6:22with some small size.
6:26>> [clears throat]
6:28>> Do some looking at the EM contract.
6:45Uh level one data or market depth? I use
6:48uh level two. I have level two data
6:51which includes level one
6:54for my Rithmic.
6:59Dude, I'm not going to lie though.
7:02I kind of feel like [ __ ]
7:05If I'm going to be straight up,
7:06I kind of feel like [ __ ]
7:10I slept for like
7:134 hours.
7:33Yeah.
7:34Am I
7:35um I mean I I don't feel that bad. I'm
7:38exaggerating, but because if I really
7:40felt like bad, I would not be sitting
7:42here. I would have just said like, "Yo,
7:44can't do it today."
7:46But, um
7:51But, last night it was kind of [ __ ] up
7:52because I was at my buddy's house and he
7:55we like before the fight started, he was
7:57like, "Oh,
7:59we're going to uh
8:00we'll take a shot every time someone
8:02gets knocked out."
8:04And then everybody got knocked out, so I
8:05took a bunch of shots yesterday.
8:08But,
8:10we're good.
8:12Unfortunately,
8:15my tolerance is kind of high, so it's
8:17whatever.
8:19Uh do I use gamma levels? Yes, I do.
8:23How much do I sleep on average? Dude, I
8:25usually go to bed at like 9:00 p.m.
8:29Usually go to bed at like 9:00 p.m.
8:32And I wake up
8:35at like 4:30,
8:395:00.
8:41So, like 8 hours.
8:56This is what Tanuki has for everyone who
8:58keeps asking me.
9:02This is based off of the M contract.
9:05Screenshot it.
9:08Feast your eyes on it.
9:11There you go.
9:17All right.
9:19And
9:20it's gone.
9:30You would drink all of us under the
9:31table.
9:34Uh
9:36I'll let you have that one, brother.
9:39I'll let you have that one. I I don't
9:41want to be the king king drinker.
9:43Honestly, I don't.
9:47The morning face, yeah, I don't know
9:49Eddie. I just
9:50I was watching the fights yesterday.
9:53Things got a little out of hand.
9:56I'm tired.
10:10Oh.
10:13All right, let's see what happens here
10:15at uh
10:18at the open. I'm going to be um
10:20probably [clears throat] trading my I
10:21mean, I'm on a funded account, so I'm
10:23trading my funded account.
10:26I'm going to use smaller size though.
10:29I have a feeling that we may just
10:32I'm watching uh and keep in mind
10:34anything I say today is like it's
10:37numbers-wise the M contract. So, if
10:39you're looking at your chart and you're
10:40confused why I'm saying numbers that are
10:42way below us, well, it's because you're
10:43looking at a different contract than me.
10:47I'm watching to see if we actually push
10:49up towards uh
10:52like 30,400.
10:56We're already opening up um
10:59we're already making a new high, so
11:03we'll see if it continues. If we end up
11:04dropping down,
11:06um
11:06I will be seeing whether or not it's a
11:08potential buying opportunity. I
11:10you know, highly doubt that we're going
11:13to touch the gap like even touch the gap
11:14today, let alone fill it.
11:17It's probably going to happen later.
11:19Maybe later this week, maybe next week,
11:21I don't know.
11:23But
11:52>> I think my data is delayed right now.
11:57All right, I think we're going to
11:58probably just rip right now.
12:03I'm going to enter in
12:05four micros.
12:07My stop I'm going to have a stop that's
12:09below the uh
12:14Oh, [ __ ] Can you guys not see it?
12:21Mhm.
12:24Here, I'll just mark it out like this
12:26then.
12:28And then we'll figure it out later.
12:37Looking for like 400.
12:48I'm actually going to move my stop to uh
12:51break even and then I'm going to get
12:53out.
12:54I'm going to set a TP hard TP front
12:57running
12:59front running 400 just barely.
13:08Let me see why this isn't working real
13:10quick.
13:18Mhm.
13:19What's showing?
13:23Oh, this is showing. Uh there we go.
13:26There we go.
13:35Honestly, kind of a
13:39Am I tripping or is this like a super
13:41weak open?
13:46Maybe the maybe the volume in the open
13:48interest really did roll over to the to
13:49the new contract.
13:58Or it's just kind of like because we're
14:01in that
14:02time where they're rolling over.
14:05You know, who knows?
14:08Who knows?
14:10Oh, you're on September is the same
14:12thing.
14:16All right, I'm trailing stop behind this
14:17big uh spire.
14:21Come on. We're almost there.
14:25We're going for uh 64 points. We got
14:28some orders sitting up here. We just got
14:30to be careful when we do
14:31get to like 30,000
14:34410.
14:59Again, edged right now.
15:04It's literally right there. Come on.
15:34>> No, we're just going to leave it.
15:38We're going to give it a little bit of
15:39breathing room here.
16:22Boo.
16:24What kind of edge?
16:27We got [ __ ] edge.
16:34Boo.
16:40There it goes.
16:42Man.
16:43What a bummer.
16:46It's all right.
16:48I probably should have
16:50should have either trailed my stop more
16:51aggressively
16:53when we were struggling up there or I
16:55should have just like not trailed it at
16:56all.
17:01[ __ ] NQ.
17:05Ah, [sighs] what the [ __ ] was that,
17:08dude?
17:13It literally came down like a
17:17like right to my TP.
17:19Or right to my stop loss. All right, so
17:21I'm watching around 410.
17:23See if we're going to um
17:26Honestly, dude, if we're if it's going
17:27to be kind of weak like this,
17:31I might just like catch my 200 bucks for
17:33the day on this uh
17:36on this funded account just for an
17:37eligible day, and then I might just
17:39stop.
18:01And just let the uh
18:04let the contracts
18:06roll over, have the volume all be on the
18:09same thing, and then hopefully
18:15move a little better.
18:36It's telling me rollover is required.
18:41All right, then I'm going to roll over.
18:44on the execution side.
18:47my execution chart
18:55options
19:00symbol rollover symbols rollover
19:04need rollover
19:07What the hell is this, dude? Why does it
19:08do this?
19:09Well, then perform rollover.
19:31Ah.
19:33Wait, where did my profits go?
19:38Account balance is still there.
19:42Weird.
20:01So, we're currently running up into uh
20:06this area here.
20:08If we [clears throat] kind of
20:10fail, I might actually just try and
20:11scalp shorts, but
20:14I would honestly prefer not to short
20:16this.
20:20What up, Apex Zia?
20:30But,
20:32I don't know why the P&L went away, but
20:34we're up 150 right now. It just went
20:36away after I did the
20:38symbol rollover.
20:45But, we should have been up 400 like
20:47480.
20:49I just
20:51got stopped out
20:52right here.
21:05So, we're rejecting off
21:07410.
21:11Which is all which is 710. There's a
21:14There's like a 300
21:16300-point difference between the
21:17contracts, huh?
21:46I'm going to enter in short.
21:49I'm going to enter in short.
21:52Stop's going at the highs.
22:03Need to see if we're actually going to
22:06follow through.
22:11Otherwise, we might just be
22:14Yeah.
22:15Dipping down before we just rip up
22:17again.
22:38Well, that was [ __ ]
22:42That was [ __ ]
22:48All right, we're honestly
22:52[ __ ] that [ __ ] dude.
22:55That was stupid on my part, but
23:08>> I'm going to switch over to the
23:11So, one 150. So, this account is down
23:15right now um
23:18$250.
23:20I know it says 400, but I'm not down
23:23400.
23:24I'm down 250 bucks.
23:27Cuz we were up 150 prior. It's just
23:30whenever I rolled over the contracts,
23:31it's not showing it.
23:36So, we went long
23:38at the open.
23:42Trailing stop got hit.
23:45We came up in a 410. We were stalling.
23:48We started dropping down.
23:51I went short.
23:53And the moment I go short, we rip it
23:54back up.
24:04So, I'm going to just leave that how it
24:06is. It's down 250 on the day.
24:09Um
24:11we're going to switch over
24:14to
24:20my Apex accounts.
24:23The ones I need to pass.
24:57Honestly though, like
24:59>> [clears throat]
24:59>> I'm going to give it I'm going to see
25:01what happens when we open up here.
25:06On the on the four hour, but if we're
25:07going to have
25:12low volume like this, I'm going to um
25:16I'm going to just like let it
25:18do whatever it's going to do and then
25:19I'll just come back to trade tomorrow.
25:31How do you roll over the contract on
25:32ATS?
25:34Um
25:36You go up to click on the symbol.
25:40And then
25:41you just type in MNQ.
25:44And then it'll pop up all the different
25:45contracts.
25:47You need to use um
25:49MNQU6.
25:52That's the new contract we'll be at.
26:47Let me see something. I think the volume
26:49is
26:51I think I'm tripping right now.
27:01Okay.
27:04All right.
27:06No, I'm just I
27:08We got a
27:10I'm an idiot. Don't don't use the don't
27:12use the M contract.
27:14Just use the use the the September one.
27:18I can see the volume.
27:26I got to change all my charts, actually.
27:31Cuz I'm I was looking at the volume and
27:33I was like, man, 19,000 that doesn't
27:35seem right. I was like this seems way
27:37too low for the open. And then I was
27:39looking at uh
27:41the contract that I changed and it's
27:43like 61 46 44, which is like normal.
27:48So,
27:49I change that.
27:54So, I assume that at the end of the day
27:56today, if you go check the volume and
27:58open interest on the CME,
28:01it's probably going to all be
28:03it's going to be flipped by the end of
28:05it's going to show that it's flipped.
28:21NMQ
28:24U
28:266 All right, chill.
28:33Damn, we should have just uh
28:36held our held our longs from the open,
28:37huh?
28:39We would have been uh where where did we
28:40get in? We got in like right here?
28:43Yeah.
28:46Fumbled
28:51Hindsight.
28:53It's my favorite type of analysis.
28:56The hindsight analysis.
29:45Well, if we're just going to do this
29:47like weird pump up like this, there's
29:48really not a lot that I can do.
29:53Other than just pile in.
29:55No, we're not going to do that.
30:08Cuz at the open
30:11I was watching us push down and then we
30:13had we had sellers stepping in and
30:15immediately rejected. That's why I went
30:16long and then
30:18I thought when this was happening here
30:22and we were at that level that we were
30:23going to potentially rotate back
30:26at least towards the open
30:28where I could move my stop to break
30:29even, but then it just ripped up again,
30:30so.
30:32Now, if it's going to keep
30:34pushing up
30:37then I got to wait for it to like
30:41Like look at that. I got to wait for it
30:42to like do something.
31:18Oh, great.
31:34Wait.
31:51Should I
31:59I don't know how that [ __ ] still
32:00confuses me, dude.
32:06With B with B adjust on and off, it's
32:10adjusting for the contract rollovers.
32:14To like smooth out your chart.
32:17And it causes a
32:21400-point difference.
32:25Void, help me out, dude. What What did
32:27we decide last time? Do we keep it on or
32:29off?
32:37Okay, so it off.
33:11So, that means that we're
33:13Does that mean that we're at all-time
33:15high then?
34:08Let me look at it on this.
34:11Oh, we're right here. Okay, so all-time
34:12high is right there.
34:15Damn, we're already back at all-time
34:16high, huh?
34:38>> So, on deep charts
34:42Hold on.
34:58is
35:00I'm going to figure it out. I'm going to
35:01figure it out later.
35:09Because
35:11with B adjust on
35:14on TradingView
35:19it has us like because original all-time
35:22high before contract rollover was like
35:24right around here, 30,800. And then it
35:27changed it. So, it's showing a price
35:29that we never actually reached, which
35:31which is 31,100.
35:35I don't know how to
35:39on deep charts and A test, I don't know
35:40how to
35:42it's treating it the same way as B
35:44adjust on when I'm choosing the
35:46individual contracts.
35:48Which is weird because I'm not on a
35:49continuous contract.
35:58I'll figure it out later.
36:01Uh Deuce, I Well, I use it when I trade
36:04off of futures, but
36:07I'm now I'm I'm using it for my Apex.
36:14Well, just just for execution. Just the
36:16execution side things.
36:49>> I'm going to trade Asia today though.
36:52I want to see what happens. What time
36:53What time does the BOJ rate decision
36:55come out?
37:03It's tentative.
37:06For the statement.
37:092100 8
37:129 9:00 p.m.
37:14for me.
37:17It's kind of late actually.
37:37Yesterday they raised the rate. How How
37:39does that work? I thought the rate
37:41decision was
37:43today.
37:45Am I reading this wrong?
37:48I thought I thought that's what market
37:50expectations were.
38:09Yeah, now the the rate decision hasn't
38:11been released yet. It's later today.
38:14Tonight.
38:17Well, technically tomorrow for Eastern.
38:23But they're expecting uh
38:291% raising it to 1%.
38:56Yeah, it should be interesting.
39:00Also, when's the
39:05When's the first Fed meeting with the
39:07new guy?
39:10On the 17th?
39:19Dude, I'm not going to trade I'm not
39:20going to trade during that.
39:23Although, I'll watch it though.
39:26The start of a new era.
39:28No more Powell. Got What's that guy's
39:30name? What's the new guy's name?
39:40Walsh. That's right.
39:43Walsh.
39:50Yeah, it should be interesting because
39:52like
39:53you know, when when rate decisions
39:55happen
39:58I mean, we already have expectations and
39:59then
40:01typically they'll
40:02usually
40:05most times the expectations will usually
40:07align with what actually happens. So,
40:08it's not necessarily the rate decision
40:10that causes like uh
40:15some of these crazier moves.
40:17It's more so [clears throat] when he
40:18starts at when they start asking
40:20questions and stuff. And I feel like,
40:22you know,
40:23majority people got kind of used to how
40:25Powell talks and how he says things and
40:26reading in between the lines. And then
40:28now we got a new person where they got
40:30to kind of like feel it out a little
40:31bit.
40:55They start slashing rates.
41:03That'd be pretty crazy. I mean, I assume
41:05that that's probably the plan, void.
41:08Cuz I know that's kind of what Trump
41:09wants to do.
41:13And um
41:15I assume he picked that picked that guy
41:17because he probably aligns with his
41:18plan.
41:21Yeah.
41:22Makes sense to me.
41:40That's a nasty 15-minute work.
42:34>> So I hope we at least form a little bit
42:36of structure so I could trade something.
42:38We just kind of went straight up. So now
42:40we're coming down a little bit.
42:45We're going to copy trade these five
42:46accounts. Um
42:50if we see something.
42:52The funded account
42:54fumbled it. You know, we went long. It
42:56should have worked out. Kind of fumbled
42:57that.
43:01And then we try to short it.
43:05And then now it's down 250 bucks.
43:08Probably just take the $250 L.
43:15Because we're moving kind of
43:17moving a little slower today.
43:20Well,
43:21you know you know
43:23it's slightly What if we're just moving
43:25normally now and we just I just got used
43:28to crazy speed
43:32from last week.
43:34Cuz last week we're moving around really
43:35fast.
43:38Every day was super volatile.
43:43Cuz we are we're we're making distance
43:45like
43:46these are still
43:5170 points. I mean that's a decent
43:53amount.
46:01>> Honestly,
46:06I think it's honestly a better idea if I
46:08don't trade anymore
46:09because
46:11I'm kind of tired.
46:14I don't think it's a good idea to be
46:15trading when I'm tired.
46:16I already took a L on the other account.
46:20And I think I'm going to wait for um
46:24wait for tomorrow.
46:27So, kind of a more boring day, my bad.
46:30But,
46:34I feel like if I trade right now, I'm
46:35probably going to just lose bread, so.
46:39We're going to do some capital capital
46:41protection.
46:44I'm running on I'm running on uh
46:46not a lot of sleep.
46:54>> [laughter]
46:54>> Is that actually what she named her
46:56stream?
46:58Then, wait. Now,
47:04Now, I feel like a [ __ ] if I [ __ ]
47:08get
47:10Now, I feel like a [ __ ] if I get off.
47:16No, I'll I'll chill, but I don't know if
47:17I'm going to trade. I'll sit here for a
47:19little bit though.
47:35But, it'll be it'll probably be a better
47:36idea
47:38to actually trade tomorrow. [music]
47:51In the past, there's been times where
47:53I've
47:54traded while
47:56I was slightly tired.
47:59And it usually doesn't work out that
48:00well.
50:11>> RTY
50:28What's the tick value for this?
50:35I've never traded the Russell before.
50:44What up, Ivan?
50:48What's the tick value?
50:50Like how how much per contract on a
50:52mini?
51:10$5
51:11$5 per tick?
51:31Yeah, but like how much does the like it
51:34what's the tick value though, you know
51:35what I mean?
51:37Like
51:38you know how
51:40it's like $5 per tick on NQ.
51:46Or it's $12.50 per tick on ES.
52:00It's a $5 per tick on
52:02Russell.
52:07I know YM is like that. YM's like $5 per
52:09tick.
52:14Okay.
52:36Yeah, we did have a pretty large gap up.
53:02I think I'm going to get off, dude.
53:05I think I'm going to get off, otherwise
53:06we're just going to sit here in silence.
53:09So,
53:10I'm probably just hop in the voice chat
53:13in the Discord and chill.
53:17So, just a recap, we went long.
53:20Went like, I don't know,
53:2280 ticks in It well, it went in profit
53:25like 20 or 30 points, and then or
53:27actually more than that, like 50 points
53:29in profit, and then it
53:32it turned around, hit me out for like
53:35Basically, long story short, I'm I'm
53:37down $250 on a funded account, and then
53:39everything else So, touched. I haven't
53:41really traded it.
53:44So, I'm going to uh
53:47I'm I'm going to just come back
53:48tomorrow.
53:49I also think that we may potentially
53:51chop right now, so I don't even want to
53:52sit here through this.
53:55So, I'll catch you guys later.
53:57Peace.

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