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

by Christopher Creamer | Orderflow Trader ยท 4,881 words ยท 842 segments ยท language en ยท Watch on YouTube

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  1. 0:09[snorts]
  2. 0:11I mean, here's the thing, right? It's
  3. 0:12like
  4. 0:17I am
  5. 0:19I'm not typically excited
  6. 0:23when we pump 250 points prior to the
  7. 0:27open.
  8. 0:32Like, bro,
  9. 0:36it makes me sad.
  10. 0:41It was looking pretty good. Um,
  11. 0:44it was looking pretty good for shorts
  12. 0:46though or my bad for longs because
  13. 0:49we dropped down and begin to balance out
  14. 0:51during the overnight and then it would
  15. 0:52have been a decent opportunity for us to
  16. 0:55kind of try and repair some of this back
  17. 0:57up in here. But it literally just did it
  18. 1:01for us doing it
  19. 1:07pre-market,
  20. 1:09but
  21. 1:10we'll see if there's if it's still
  22. 1:12tradable. I'm going to um
  23. 1:17I'm going to tell you what I'm looking
  24. 1:18at. I my my outlook was kind of like I
  25. 1:22was in a rush. My bad. I was in a rush
  26. 1:24this morning,
  27. 1:26but I'll just explain it when people get
  28. 1:30in here
  29. 1:32about what I'm looking at.
  30. 1:37Hope you guys are doing well today
  31. 1:38though.
  32. 1:42Traded a little bit of Asia.
  33. 1:44So,
  34. 1:48I'm trying to This is it. This is
  35. 1:50currently a eval
  36. 1:53trying to hit a profit target on it.
  37. 2:48Yo, what up money man? How you doing?
  38. 2:53[snorts]
  39. 3:02Catch some Asia dubs. Yeah, I traded
  40. 3:03Asia yesterday. Asia was um was decent.
  41. 3:07I I was busy trying to set up um some
  42. 3:11new templates and deep charts
  43. 3:15and then
  44. 3:17we started moving around. I caught some
  45. 3:19of the some of these longs uh during
  46. 3:21Asia session.
  47. 3:25All right. Well, now that we got some
  48. 3:26people in here, I'll explain what I'm
  49. 3:27looking at.
  50. 3:30Although I know like I'm gonna explain
  51. 3:32what I'm looking at and then someone's
  52. 3:34gonna join and be like, "What are we
  53. 3:36looking at today?"
  54. 3:39Pretty much we balanced out during the
  55. 3:41overnight session. I was looking I was
  56. 3:43going to consider looking for a move
  57. 3:45back up into this to start repairing
  58. 3:47some of this
  59. 3:49drop lower. Unfortunately, it's it
  60. 3:53basically happened pre-market. We pumped
  61. 3:54like 250 points to the upside. Um
  62. 4:00And so what I'm paying attention to
  63. 4:02right now is I'm watching this area
  64. 4:05between 684 and 643,
  65. 4:08which is this location. If we hold above
  66. 4:11this, then I'm looking it's it's really
  67. 4:15an area. We're kind of in the middle of
  68. 4:17two areas right now that I'm paying
  69. 4:19attention to. But in the event that we
  70. 4:21start accepting past 760, then I'm
  71. 4:24looking for us to um push up in the
  72. 4:2729,900
  73. 4:29area up here. Yeah, the Treasury news
  74. 4:32that came out like right around here.
  75. 4:35So unfortunate, right?
  76. 4:38Because it happened while I was making
  77. 4:40my coffee. Maybe I just got to wake up
  78. 4:43earlier.
  79. 4:47But so basically to keep it super dumb
  80. 4:50simple for you guys above this I'm
  81. 4:54looking for 900.
  82. 4:57I don't want to see us whiplash in here
  83. 5:00and I'm not going to be bearish until we
  84. 5:02start getting
  85. 5:04basically back below
  86. 5:0729,600.
  87. 5:12Isn't it already 5:00 a.m. for you?
  88. 5:14Yeah, I already wake up at um
  89. 5:17I already wake up at
  90. 5:214:30,
  91. 5:24but I wake up and then I um I have to
  92. 5:28answer a bunch of messages that I get
  93. 5:29from like while I was sleeping and then
  94. 5:33I go make a coffee. Then I look at the
  95. 5:36charts and then I work on an outlook and
  96. 5:39then by that time it's usually like 6:00
  97. 5:42a.m.
  98. 5:44So
  99. 5:47unfortunately today I was trying to uh I
  100. 5:50was trying to do an outlook and while I
  101. 5:52was doing while I was writing my outlook
  102. 5:53I was like just watching this thing
  103. 5:56pump.
  104. 6:00news. I was like, "Oh, dude, great."
  105. 6:07Yeah. Well, that's what happens when
  106. 6:09you're a West Coast trader. You got to
  107. 6:10wake up early.
  108. 6:13A lot of but you know what a lot of West
  109. 6:15Coast traders do is they will just like
  110. 6:19wake up like
  111. 6:225 to 10 minutes before market open
  112. 6:27hop on the chart
  113. 6:29draw some draw some boxes and then just
  114. 6:33start clicking buttons
  115. 6:36like I wake up at 4:30 and I got to do
  116. 6:38some stuff but
  117. 6:40it is important to create like a solid
  118. 6:43outlook, dude,
  119. 6:46because it's it's what gives structure
  120. 6:48to your morning.
  121. 6:52It's important.
  122. 7:02I would say I would say honestly the the
  123. 7:06time in the morning where
  124. 7:09I sit down with a hot cup of coffee and
  125. 7:11I'm looking at what
  126. 7:14I think New York is going to like when
  127. 7:17I'm looking at the um levels. It's
  128. 7:20probably the most important part about
  129. 7:22my entire morning
  130. 7:25is creating a plan. Not trying to
  131. 7:27predict anything either. It's just if
  132. 7:29this then that statements. It could be
  133. 7:31in either direction, but you know,
  134. 7:35I mean, sometimes you're going to
  135. 7:36heavily lean towards one side. Like,
  136. 7:40obviously this morning at this point,
  137. 7:41I'm I'm until for the AM session, I'm
  138. 7:44leaning more towards either
  139. 7:47consolidating or pushing higher rather
  140. 7:51than
  141. 7:53us just opening up and dumping it all
  142. 7:55the way down. Is it possible that we can
  143. 7:57do that? Absolutely. But that's where I
  144. 8:00have kind of like a plan, right? If we
  145. 8:02start accepting below 600s
  146. 8:06and every failure to try and push it
  147. 8:08back and every buyer attempt to try and
  148. 8:11push it back is failing, then we're
  149. 8:12probably going lower. But until we do
  150. 8:15that, I mean, we're probably either
  151. 8:16going to chop at the open
  152. 8:21or push it up to the 900s.
  153. 8:32If you could only use one of your
  154. 8:34platforms,
  155. 8:36which one would it be?
  156. 8:38Well,
  157. 8:41people ask me that all the time. I use
  158. 8:43both but but
  159. 8:47I am moving over to deep charts and I am
  160. 8:50partnering with deep charts so that
  161. 8:54you guys will probably see deep charts
  162. 8:56on my screen. So this is deep charts.
  163. 9:00This is deep charts.
  164. 9:40but yeah. What's up?
  165. 9:48[laughter]
  166. 10:01So, we'll see what happens. We got like
  167. 10:027 minutes until the open.
  168. 10:21you still have to have a data sub for
  169. 10:24deep chart, right? Um, you can just use
  170. 10:28your
  171. 10:30you can just use prop firms, but if
  172. 10:32you're looking for level two or MBO
  173. 10:35data,
  174. 10:38you I don't really know of any prop
  175. 10:40firms that offer that like that. I mean
  176. 10:42FFN offer offers level two I think.
  177. 10:48I think so.
  178. 10:53But you can also um
  179. 10:56I mean where I where I get my data from
  180. 10:58though is from um Rhythmic. Like I have
  181. 11:01my own live account with AMP Futures
  182. 11:06and I just pay for data.
  183. 11:11So,
  184. 11:14I mean, realistically, it's cheap. I
  185. 11:16mean,
  186. 11:20it's like 30 bucks for level two if you
  187. 11:23need it.
  188. 11:26And then if you want to add like comx if
  189. 11:29you trade medals, then I don't know,
  190. 11:31probably like uh
  191. 11:35$50 to $60
  192. 11:38a month.
  193. 11:41That's really not a lot, you know.
  194. 11:45Although I will say, you know, I guess
  195. 11:46it's it is kind of a lot.
  196. 11:50We can make the argument it is a lot,
  197. 11:52but
  198. 11:59I don't really think about it like that.
  199. 12:00like
  200. 12:03like let's say okay like and people will
  201. 12:06say like um
  202. 12:09oh you know cuz trading order flow I
  203. 12:11guess is probably one of the mo more
  204. 12:14expensive ways to try and trade
  205. 12:17but at the end of the day even if you
  206. 12:19pay like
  207. 12:21for the data and um
  208. 12:26for the platforms
  209. 12:29and you're like paying, let's just
  210. 12:31imagine you're paying $300 a month to
  211. 12:36trade order flow. Okay. Well, if you're
  212. 12:39trading and you're using prop firms or
  213. 12:42you're trading a live account or
  214. 12:44whatever,
  215. 12:47I mean, the goal is to make more than
  216. 12:49$300 a month, you know what I mean? So,
  217. 12:52it's kind of just like
  218. 12:55[snorts] it's kind of like whatever.
  219. 13:06But yeah, some prop firms do allow you
  220. 13:08to pay for level two. Sabian says level
  221. 13:11two for metals included on for rhythmic
  222. 13:13on Lucid. Okay, nice.
  223. 13:31You join Sierra Chart. You pay less than
  224. 13:3470 a month. Level two heatmat footprint,
  225. 13:37TPO and volume profile. Very nice.
  226. 13:42Sierra Charts was actually the first
  227. 13:44order flow platform platform I ever uh
  228. 13:46downloaded.
  229. 13:51I went from Sierra Charts to a platform
  230. 13:55called Edge Prox
  231. 13:57to
  232. 14:00a test
  233. 14:04and then now I'm using
  234. 14:07deep charts.
  235. 14:18Well, I mean I I have been using both of
  236. 14:21them, but now I'm going to move over to
  237. 14:25deep charts.
  238. 14:35It took at least one and a half years to
  239. 14:37get exactly how you wanted it.
  240. 14:41Yeah. One
  241. 14:43Sierra Charts is not friendly for
  242. 14:45beginners, dude. But if you know what
  243. 14:47you're doing,
  244. 14:49you know what I mean?
  245. 14:53if you know what you're doing.
  246. 15:02But Deep Charts is a newer platform,
  247. 15:04right? But they're constantly making
  248. 15:07upgrades to it. They're constantly
  249. 15:08adding features.
  250. 15:12So, it's pretty cool.
  251. 15:24Uh, Tuli, it's 400%. I used 400%
  252. 15:28imbalances on the bid by ask.
  253. 15:35All right, we got the market opening up
  254. 15:38here. Let's
  255. 15:41see what happens in um
  256. 15:56still figuring out deep charts because I
  257. 15:58got to um I'm like rebuilding templates
  258. 16:02and trying to make sure I have
  259. 16:03everything.
  260. 16:07All right. So again, I'm looking for us
  261. 16:08to see I'm seeing at at the open, we're
  262. 16:10going to stay above this 680 to 640
  263. 16:12level. If we do, then if we start
  264. 16:14accepting above 760s, we're going to
  265. 16:1629,900. That's what my that's what I'm
  266. 16:18looking at this morning. In the event
  267. 16:20that we drop below here, I'm not going
  268. 16:21to be bearish until we start accepting
  269. 16:23below the 600s.
  270. 16:45And I need to hit profit target on this
  271. 16:47Eval. So that's probably the first
  272. 16:48account I'm going to start with.
  273. 16:50Actually, no, I'm not. I'm going to use
  274. 16:52a funded account first.
  275. 17:30So, I'm seeing if we're going to hold
  276. 17:32this right No.
  277. 17:57All right, I'm going to go long right
  278. 17:59here with the stop right below
  279. 18:03the candle's wick
  280. 18:05and I'm going to be looking for us to
  281. 18:07push it back up towards the 760s and
  282. 18:09once we get there I'm going to move it
  283. 18:10to break even.
  284. 18:13But I'm going three micros right now on
  285. 18:16this funded account. So pretty small
  286. 18:18size
  287. 18:19because I'm worried about us like
  288. 18:22chopping around a little bit.
  289. 18:27Full target though is going to be at the
  290. 18:28900. So,
  291. 18:31or basically we're going to front run it
  292. 18:33at um 29,880
  293. 19:33We just got to be careful about
  294. 19:41just need to get past the 760s.
  295. 19:45If we can, we should be okay. But if we
  296. 19:48can't, then we're probably going to slam
  297. 19:50back down.
  298. 19:56If we can push up into it, I'm probably
  299. 19:58going to have to move break even.
  300. 20:01But if we just fail to get follow
  301. 20:04through right now from
  302. 20:06Oh, let me um
  303. 20:10change it. Here we go.
  304. 21:22Why did I enter? Because I'm watching
  305. 21:24this area and it looked like it it
  306. 21:25looked like we were about to hold it.
  307. 21:30And then, you know, we did start getting
  308. 21:32a a move up, but like it went like uh I
  309. 21:35don't know 25 30 points in profit
  310. 21:40and then it just couldn't get the follow
  311. 21:42through to the upside. We needed to
  312. 21:43break past um 760 for us to start making
  313. 21:46our way towards the 900s, but
  314. 21:50we're not getting any followthrough. So,
  315. 21:52we're probably going to end up getting
  316. 21:53stopped out of this and then it's going
  317. 21:55to we're going to wait. But, I went
  318. 21:57three micros on it. So, I went a little
  319. 21:58bit
  320. 22:00lighter size because it did require like
  321. 22:03a 50 point stop due to the wick.
  322. 22:59So, what I'm watching for right now is
  323. 23:01I'm seeing if we're going to still hold
  324. 23:03above this this zone.
  325. 23:07Otherwise,
  326. 23:12especially after a move pre-market like
  327. 23:14this, I got to make sure we're not about
  328. 23:16to just start uh whipping around.
  329. 23:21But I won't be looking to take any
  330. 23:23shorts until we start getting back below
  331. 23:25the 600s.
  332. 23:2829,600
  333. 23:30595
  334. 23:32555
  335. 24:13>> [gasps]
  336. 24:14>> I really don't understand what is
  337. 24:15happening right now. I'm trying to learn
  338. 24:17orderflow.
  339. 24:20Well,
  340. 24:22I was looking for this uh area to hold.
  341. 24:24We came into it. We were get we were
  342. 24:27stalling out for a bit momentarily and
  343. 24:30we started flipping back bullish. I
  344. 24:31thought we were going to make an attempt
  345. 24:32at the 760s.
  346. 24:35We went long when we flip bullish.
  347. 24:38We pushed a little bit but couldn't get
  348. 24:40any follow through. So get got stopped
  349. 24:43out and now we're waiting. So
  350. 25:04heat.
  351. 25:24Can you use Trading View footprint
  352. 25:26candles? Um,
  353. 25:30I wouldn't really recommend it, but if
  354. 25:32you want to,
  355. 25:36I wouldn't really recommend it, though.
  356. 26:15Yeah, you got to pay for it. and it's BS
  357. 26:18data. You're better off just like paying
  358. 26:20for um an actual orderflow platform.
  359. 26:43up.
  360. 26:59You are
  361. 27:39Is it okay to trade Asia session? Yeah,
  362. 27:42I traded I traded Asia session last
  363. 27:44night
  364. 27:46just very briefly
  365. 27:48on this account,
  366. 27:52but that's a that's a EVO.
  367. 29:51I got to figure out how to add a bar
  368. 29:53timer on this chart.
  369. 30:02If we're going to hold this 600 level,
  370. 30:04we might just rotate in here.
  371. 30:17Did I change my template? Yeah, this is
  372. 30:18a deep charts template.
  373. 30:22I'm trying to reconstruct reconstruct my
  374. 30:25workspace. We're holding this pretty
  375. 30:27good.
  376. 30:41bar timer indicator.
  377. 30:49It's not in here. I did it I did it last
  378. 30:52night and then I forgot to save it.
  379. 30:58Price settings. It's on the top.
  380. 31:05Where at? Countdown. There we go. There
  381. 31:09we go.
  382. 31:12Yep.
  383. 31:15Let's make it black
  384. 31:19and yellow.
  385. 31:24It's not working.
  386. 31:34I'mma figure it out later.
  387. 32:37gold.
  388. 32:40Oo, I haven't traded gold in a while.
  389. 33:29Is it possible to add absorption to
  390. 33:31chart, please? What does that even mean?
  391. 33:33What do you mean add it to the chart?
  392. 33:36Should I just make it happen?
  393. 33:38Absorption?
  394. 33:43Oh, I'm just messing with you.
  395. 33:47What? Um,
  396. 33:49what do you mean by that, bro?
  397. 34:09Part of Flois Maximus.
  398. 34:15That's funny.
  399. 34:18We're kind of holding this, but there
  400. 34:20really hasn't been every aggressive
  401. 34:23attempt so far to push it back up is
  402. 34:26kind of failing. So,
  403. 34:37Oh.
  404. 34:59All right. So, I'm going to be looking
  405. 35:00for us to not just wick this down here,
  406. 35:03but to stay below it. Then, we're going
  407. 35:05to
  408. 35:10be watching this.
  409. 35:25Unless we're going to just run the whole
  410. 35:27thing right now. Damn.
  411. 36:11Brother.
  412. 36:14Brother.
  413. 36:18GG's.
  414. 36:58Still looking bullish? Absolutely not.
  415. 37:03No sir.
  416. 37:08That scenario has died.
  417. 37:10[snorts]
  418. 37:13That scenario has died.
  419. 37:20I was actually I was waiting to see if
  420. 37:22we were going to
  421. 37:25if we were going to push down and then
  422. 37:28start accepting below that
  423. 37:31590600
  424. 37:33area because prior to this candle that
  425. 37:35dumped down, we were holding it a little
  426. 37:36bit, right? So, I [snorts] was looking
  427. 37:38to see if we were going to drop below a
  428. 37:41little bit, have buyers come back up to
  429. 37:43try and reclaim and fail, and then there
  430. 37:44would have been an opportunity for me to
  431. 37:46try and short it. But right now, I
  432. 37:47can't. Like, it just ran it in a single
  433. 37:52fiveminute candle, and then now we just
  434. 37:53took lows. So,
  435. 38:12It's unfortunate, dude. Like
  436. 38:16August,
  437. 38:18the August uh price action so far for
  438. 38:20the New York opens
  439. 38:25has been difficult for me,
  440. 38:29for the way that I trade.
  441. 38:34I've had a dude. You know, you know what
  442. 38:35the story of uh August is for me so far?
  443. 38:40Enter a trade, 50 points in profits,
  444. 38:42slam back to break even. Enter a trade,
  445. 38:4550 points in profits, slam back into
  446. 38:47break even.
  447. 38:50Why didn't you take the short? You said
  448. 38:52before New York open, if price held
  449. 38:54below 29600, I'm bearish. Yes, that is
  450. 38:57correct. If we hold below 600, so then
  451. 39:00what were we doing here, right?
  452. 39:04We were kind of holding the 600 area
  453. 39:07and then the moment that we started
  454. 39:08getting below it, well, we did it in a
  455. 39:10single go. What am I? What do you you
  456. 39:12know, are you going to just chase it?
  457. 39:15I don't do that.
  458. 39:19Would have been pretty nice though.
  459. 39:20Hindsight,
  460. 39:23we should be
  461. 39:25That's our That'll be our new strat 2020
  462. 39:28hindsight.
  463. 39:32No, I just there there was no way for me
  464. 39:34to answer that other than just trying to
  465. 39:36chase it, which is not um
  466. 39:40not the best best idea in the long run.
  467. 39:43You know what I mean? [clears throat]
  468. 39:49Because because it's like, okay, you
  469. 39:51have analysis of what you think in terms
  470. 39:54of,
  471. 39:56you know, areas where you're going to
  472. 39:58start looking to take shorts or longs or
  473. 40:01sitting out or whatever it may be.
  474. 40:04But you still need a way to get into the
  475. 40:06trade, set a proper stop-loss, and have
  476. 40:08a proper target. You know what I mean?
  477. 40:31Does 2020 mean stop loss? 20 points take
  478. 40:34profit, 20 points from entry. No, I was
  479. 40:36joking. I meant 2020 vision, like
  480. 40:38hindsight. You know what I mean?
  481. 40:42You know what I mean? Choosy. 3030s.
  482. 40:473030s.
  483. 41:03Know what I mean?
  484. 41:08Yeah, I say that a lot.
  485. 41:16Sometimes when I go back and I watch
  486. 41:17videos, I realize I say certain things a
  487. 41:20lot.
  488. 41:23Then it bothers me. It bothers me when I
  489. 41:26say it over and over.
  490. 41:37Like dude, brother
  491. 41:40>> [laughter]
  492. 41:48>> simultaneously
  493. 41:51sounds
  494. 41:53achieved.
  495. 42:14If we if we start coming I just don't
  496. 42:16want to long it down here back into this
  497. 42:18area I was watching for us to hold
  498. 42:20below. But if we can start making our
  499. 42:22way back above it, I may look for a
  500. 42:24continuation to make another attempt at
  501. 42:26the 760s. But
  502. 42:29until then, I just got to I got to make
  503. 42:30sure we're not about to just like
  504. 42:37do this and then start rolling over
  505. 42:39again.
  506. 44:55I'm going to see what the uh hourly and
  507. 44:57the 4hour open does right now.
  508. 45:18>> [snorts]
  509. 45:57>> What I am looking what I'm thinking
  510. 45:59right now though is that if we open up
  511. 46:01on the 4 hour and the hourly and we push
  512. 46:05back up into
  513. 46:09this area up here where we started
  514. 46:11getting that initiative pressure lower
  515. 46:15and we don't just run right back up
  516. 46:17through it.
  517. 46:19There may be an opportunity for me to
  518. 46:21try and take a short,
  519. 46:23but this could be
  520. 46:28we just we need to be careful about that
  521. 46:30one.
  522. 46:31And we pro and as we approach back
  523. 46:34towards this area, if we do short it up
  524. 46:35here, we would have to move the stop.
  525. 46:36We'd have to trail the stop loss.
  526. 46:55It's up 120% today. That's crazy.
  527. 47:24is at 230,000%.
  528. 47:29Crazy.
  529. 47:30That's crazy.
  530. 48:04What indicator is that trying to open
  531. 48:06up?
  532. 48:18Oh, that's cool.
  533. 49:09Happy birthday.
  534. 49:39We're just getting stuck right here
  535. 49:40right now.
  536. 49:48>> Trading is like going fishing. Yeah,
  537. 49:50sort of.
  538. 49:52Yeah, we're just chilling and waiting. I
  539. 49:55mean, you know,
  540. 49:57just with the way that I trade, some
  541. 49:58people, you know, can be trading this
  542. 50:01all over the place.
  543. 50:19Yeah, I would say like Texas Holdem.
  544. 50:22Yeah,
  545. 50:26we're we're fishing for a profit.
  546. 50:37Yeah.
  547. 50:40Why you don't take partial profits?
  548. 50:44I don't believe in that. I don't believe
  549. 50:46in taking partials.
  550. 50:48Oh, usually what I do though is if it's
  551. 50:51uh if it makes sense to do so and I can
  552. 50:54make sure that my risk is fine, I add
  553. 50:57into winners.
  554. 51:01I So I do it's basically the opposite. I
  555. 51:04add into winners. I don't take I don't
  556. 51:06take profits out of winners early
  557. 51:12partials because think about it like
  558. 51:14this. Okay,
  559. 51:16let's say you're Mr. partials. There
  560. 51:18there's there's times to take partials
  561. 51:20and there's proper ways to do it, but a
  562. 51:23lot of people who take partials, let's
  563. 51:25think about this for a moment. Why are
  564. 51:27you taking partials? A lot of people
  565. 51:30take partials because they're they just
  566. 51:32see money and then they're, you know,
  567. 51:34they're scared. But like if you were to
  568. 51:36let's say go long right here and you
  569. 51:38have a TP set or a stop loss set for 65
  570. 51:41points and
  571. 51:44in your head you're like, "Oh, I'mma
  572. 51:46catch a a 2R, you know, and then you
  573. 51:49take partials here, here, and here,
  574. 51:51whatever."
  575. 51:53Well, you're not I mean, you're
  576. 51:58you're ruining that risk-to-reward.
  577. 52:00You're ruining it.
  578. 52:03Now, on the other hand, if you have a
  579. 52:05trade that has momentum and the market's
  580. 52:07telling you that you're right and you
  581. 52:09add into a winner, well then what what
  582. 52:12is that going to result in? It's going
  583. 52:14to result in um much larger winners than
  584. 52:18losers,
  585. 52:29trail stop. Yeah, but there's times to
  586. 52:31trail stop and there's times to let it
  587. 52:33breathe.
  588. 52:41If I'm sitting in a trade that is 40
  589. 52:42points again that is 40 points against
  590. 52:45me, do I still feel like I'm right?
  591. 52:48Uh, no.
  592. 52:51But if I place a stop loss,
  593. 52:54I place it there for a reason. So, I
  594. 52:57just let it hit the stop loss.
  595. 53:12>> [snorts]
  596. 54:51>> Yeah. No need for a stop loss if you
  597. 54:52know you're going to win, right?
  598. 55:20Do I use Gex levels like put in call
  599. 55:22walls? Yeah,
  600. 55:34the red levels are Gex put levels. Which
  601. 55:36ones? These ones.
  602. 55:39Yeah, but it's delay. It's It's this
  603. 55:42trading view indic I'm looking at
  604. 55:43something. I'm looking at this on my
  605. 55:45screen.
  606. 55:49You guys can't really see it.
  607. 55:53I'm looking at this on another screen.
  608. 56:07Unfortunate though.
  609. 56:10We have been getting whooped
  610. 56:15during August.
  611. 56:19I've been doing all right during Asia
  612. 56:21session though. My I've been trading my
  613. 56:22live account during Asia. It's been
  614. 56:24pretty chill.
  615. 57:18Can I do a live on Asia session? Uh,
  616. 57:22probably not
  617. 57:25cuz I'm usually like placing a trade and
  618. 57:27then going and doing other stuff,
  619. 57:31not sitting here in front of the
  620. 57:33computer constantly like I am here.
  621. 58:00Yeah, I can um
  622. 58:03if I if I'm looking at certain
  623. 58:06trades or whatever,
  624. 58:09I can message the general chat for Asia
  625. 58:12session
  626. 58:17for the Discord.
  627. 58:43Can
  628. 58:45you explain what we are seeing on the
  629. 58:47left side of your screen? This one, this
  630. 58:50is a volume profile within a fivem
  631. 58:52minute candle.
  632. 58:54You have the depth of market expresses
  633. 58:56levels on the side. So these are where
  634. 58:59resting limit orders are sitting.
  635. 59:08>> Target for shorts. I'm not in shorts,
  636. 59:10but if you are in shorts, I mean, we're
  637. 59:12kind of
  638. 59:15This would have been basically the
  639. 59:17target for my shorts. I was looking to I
  640. 59:20was looking for something like this,
  641. 59:27>> but it didn't do that. We just dropped.
  642. 59:41>> No. Thousand said he was going to buy
  643. 59:43it. thousand said he he's rich
  644. 59:47and he was going to drop 100 100 grand
  645. 59:49on it.
  646. 1:00:20Step
  647. 1:00:25next.
  648. 1:00:59Oh, my bad. If the live is boring this
  649. 1:01:02morning, it's just how it is sometimes.
  650. 1:01:06We took a L. We took a L. We're waiting
  651. 1:01:10to look for shorts.
  652. 1:01:13Couldn't get in. Full target to the
  653. 1:01:15downside for shorts was 378.
  654. 1:01:26So, we're here.
  655. 1:01:36Uh, I use MNQ data, although I'm
  656. 1:01:39probably one of the only orderflow
  657. 1:01:40traders that looks at MNQ instead of NQ.
  658. 1:01:45I would re I would recommend that you
  659. 1:01:47guys look at um,
  660. 1:01:51[clears throat]
  661. 1:01:52NQ probably.
  662. 1:01:56I'm I I'm probably the only guy that
  663. 1:01:59looks at MNQ.
  664. 1:02:11Why is that?
  665. 1:02:17It's because when I started trading uh
  666. 1:02:21when I initially was trading on ATS
  667. 1:02:26um
  668. 1:02:27that cross um cross trading feature
  669. 1:02:31wasn't a thing. This is like a couple
  670. 1:02:34years ago wasn't a thing and I was
  671. 1:02:37trying to execute on ATS.
  672. 1:02:41So,
  673. 1:02:42um,
  674. 1:02:48I had to execute on MNQ. So, then what
  675. 1:02:50ended up happening is like I just stared
  676. 1:02:52at MNQ footprint data
  677. 1:02:56for
  678. 1:02:59years, thousands of hours basically
  679. 1:03:02staring at it. So, I'm very used to like
  680. 1:03:05the numbers and everything.
  681. 1:03:14But
  682. 1:03:17it's a lot noisier. The tape is a lot
  683. 1:03:19noisier on uh it's also there's thinner
  684. 1:03:21liquidity a lot of the times on um
  685. 1:03:30MNQ. So sometimes you'll see wicks that
  686. 1:03:32are larger on MNQ.
  687. 1:03:46So we came into
  688. 1:03:50378.
  689. 1:03:59I'm not really convinced in this move
  690. 1:04:01back up yet, though.
  691. 1:04:06Depending what happens, I might just
  692. 1:04:09call it a day.
  693. 1:04:15It's been a really uneventful two weeks
  694. 1:04:17for me.
  695. 1:04:26How close am I to passing this? Evo,
  696. 1:04:28this is a funded account.
  697. 1:04:48just take shittier setups for evals.
  698. 1:04:53Yeah, if you guys want, we could force a
  699. 1:04:55trade. [laughter]
  700. 1:04:58We could force a trade on Evo.
  701. 1:05:02Just joking. We could though.
  702. 1:05:10full port.
  703. 1:05:19Do I trade different on my funded
  704. 1:05:21accounts? Yes, I absolutely trade
  705. 1:05:24differently on funded accounts than I do
  706. 1:05:25with Evals.
  707. 1:05:31We trade off the vibes with the Evals.
  708. 1:05:33We just go off of vibes. How are we
  709. 1:05:34feeling?
  710. 1:05:38No, I'm just joking. I just I'm way more
  711. 1:05:40aggressive on evals.
  712. 1:05:44I'll usually try and pass them in two
  713. 1:05:45days.
  714. 1:06:14How much was I risking? Like 10 to 15%
  715. 1:06:17of my account.
  716. 1:06:28Yeah. I mean, it's a competition, bro.
  717. 1:06:31Like, what are you going to do? Risk 1%,
  718. 1:06:33win a competition?
  719. 1:06:35You know what I mean?
  720. 1:06:47>> Especially for a monthly competition.
  721. 1:06:50You have one month
  722. 1:07:01Yeah. I mean, for that to happen, right,
  723. 1:07:04you you need um
  724. 1:07:10you need you need some variance going
  725. 1:07:12your way and you need good conditions.
  726. 1:07:16really what ha what what happened uh
  727. 1:07:18that really helped out in that Robins
  728. 1:07:20Cup uh monthly competition was I took a
  729. 1:07:25trade during Asia
  730. 1:07:27and I caught like
  731. 1:07:30like a pretty good entry when we were
  732. 1:07:32ripping it to the upside in July and I
  733. 1:07:35added into the position and then I just
  734. 1:07:38let it run.
  735. 1:07:44So that that helped out obviously.
  736. 1:07:51I'll probably do it again though
  737. 1:07:55because I'm going to be real.
  738. 1:07:58It's really like
  739. 1:08:01like it's really not that difficult to
  740. 1:08:03win those. The the competition isn't
  741. 1:08:05that impressive. I would say that.
  742. 1:08:08You know what I mean? I want to do the
  743. 1:08:10quarterly though. I'm going to try and
  744. 1:08:11do the quarterly competition cuz who you
  745. 1:08:13know who cares about the I mean the
  746. 1:08:15monthly is cool and all but I I just did
  747. 1:08:18the monthly cuz I wanted a trophy
  748. 1:08:21wanted to get a trophy but the quarterly
  749. 1:08:24the quarter the quarterly is probably uh
  750. 1:08:28a little bit more important in people's
  751. 1:08:29eyes.
  752. 1:08:32So,
  753. 1:08:43did I trade with low R on competition?
  754. 1:08:45Absolutely not.
  755. 1:09:00Dude, I hope crypto is going to go up
  756. 1:09:02until the end of the year.
  757. 1:09:05My investments in crypto are down bad.
  758. 1:09:07Down tremendous.
  759. 1:09:13My portfolio is down like
  760. 1:09:16probably close to 70% from the top in
  761. 1:09:19October.
  762. 1:09:23It's sad. I don't even look at it
  763. 1:09:24anymore. It just makes me sad.
  764. 1:09:47Is that me? Yeah, that's me.
  765. 1:09:51Yes, sir. That's me.
  766. 1:10:33No trades yet. No, I tried to go long up
  767. 1:10:35here. I was looking for us to at the
  768. 1:10:36open hold above uh 68640.
  769. 1:10:39We pushed down initially at the open and
  770. 1:10:41we started flipping back bullish. I was
  771. 1:10:42looking for us to break past 760 and
  772. 1:10:44then I got stopped out.
  773. 1:10:48So then I'm
  774. 1:10:50It's on this account.
  775. 1:11:46Am I going to trade FOMC? You mean the
  776. 1:11:48minutes? FOMC minutes?
  777. 1:11:51No.
  778. 1:11:56No sir.
  779. 1:12:02I'm actually uh getting ready to stop
  780. 1:12:04trading or just stop sitting here.
  781. 1:12:08So, this feels like I'm wasting my time
  782. 1:12:09right now
  783. 1:12:11watching this.
  784. 1:12:23And instead, we can do a giveaway.
  785. 1:12:30Let's just do the giveaway. What do you
  786. 1:12:32guys think?
  787. 1:12:35You guys want to sit here and uh
  788. 1:12:39and look at a whole bunch of this for
  789. 1:12:42another who knows how long or you want
  790. 1:12:44to just do the giveaway
  791. 1:12:46and just call it a day? Chat says yes,
  792. 1:12:50just do the giveaway.
  793. 1:12:53All right. So,
  794. 1:12:57just a quick recap. Okay, we pump we
  795. 1:12:59pumped up due to some Treasury news
  796. 1:13:01pre-market. I was looking for us to hold
  797. 1:13:03above here. We tried to take a stab
  798. 1:13:06three micros
  799. 1:13:08on some longs. Target was around the
  800. 1:13:1229,880 area.
  801. 1:13:15Unfortunately, we dropped lower. Once we
  802. 1:13:16started dropping lower, I was watching
  803. 1:13:19this area,
  804. 1:13:22seeing if we were going to accept below
  805. 1:13:24it. We ended up just in a single
  806. 1:13:26fiveminute candle running it out
  807. 1:13:30and then now we're just doing a whole
  808. 1:13:31bunch of BS. So, we are down 353
  809. 1:13:37on
  810. 1:13:39this this account. We're up on our other
  811. 1:13:42accounts from Asia session. I
  812. 1:13:44[clears throat] passed two evos last
  813. 1:13:45night during Asia session.
  814. 1:13:49So, I not going to sit here and make it
  815. 1:13:52worse than this. I'd rather just wait uh
  816. 1:13:54for the um
  817. 1:13:58for the YouTube chat. If you guys would
  818. 1:14:00like to participate in the giveaway, you
  819. 1:14:03have to be in the in the Discord. The
  820. 1:14:05good thing about that is that it's a
  821. 1:14:07free Discord.
  822. 1:14:09So, all you got to do is join.
  823. 1:14:12Just join the Discord.
  824. 1:14:14There's a link in the description.
  825. 1:14:17I'm going to end the YouTube stream and
  826. 1:14:18I'm going to continue over here. We're
  827. 1:14:20going to take some secret trades with
  828. 1:14:21the Discord community.
  829. 1:14:25No, but I I I'll be back tomorrow. Um
  830. 1:14:28I'll be back tomorrow at YouTube.
  831. 1:14:33Unfortunately,
  832. 1:14:35past two weeks of August has been very
  833. 1:14:37boring to watch. I don't even know what
  834. 1:14:38you guys are thinking like like when you
  835. 1:14:40guys are watching these live streams cuz
  836. 1:14:43usually I mean in the past it's not like
  837. 1:14:44this, right? But there's really nothing
  838. 1:14:46I could do about this other than try and
  839. 1:14:49uh force a bunch of BS.
  840. 1:14:52So
  841. 1:14:54YouTube, see you tomorrow.
  842. 1:14:56Peace.

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