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

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1. 0:07Good morning.
2. 0:09[snorts] What a selloff over overnight,
3. 0:11huh?
4. 0:32in shorts right now. Nice.
5. 0:37Why can't we have these moves when I'm
6. 0:39awake sitting in front of the computer?
7. 0:48[snorts]
8. 0:57So, we'll see what happens today, but
9. 1:06I may I I may wait to see what happens.
10. 1:10I I'll wait a second for people to get
11. 1:12in here and then I'll explain what I'm
12. 1:14looking at this morning.
13. 1:55Man, the overnight dropped like
14. 2:00established a huge range.
15. 2:03It's insane.
16. 2:12That's the biggest uh overnight range
17. 2:14we've had since I believe like
18. 2:18two weeks ago.
19. 2:20[snorts]
20. 2:29So, we're currently in a negative gamma
21. 2:30environment. actually sitting below the
22. 2:32put wall prior to the open.
23. 2:35So,
24. 2:40what I what I'm trying what I want to be
25. 2:42careful about this morning is following
26. 2:46a move like this right
27. 2:49at this point if we're looking for just
28. 2:51a straightup continuation lower.
29. 2:54Is it possible? Yeah, it's possible. But
30. 2:56you're also risking trying to trade like
31. 3:00a late stage imbalance which is like the
32. 3:03riskiest time to try and trade it or
33. 3:07continue on it. But it is a large enough
34. 3:11area where
35. 3:13you know if we start pushing up here at
36. 3:14the open I am going to be watching to
37. 3:17see if we can actually reclaim the put
38. 3:19wall that's currently sitting at 140.
39. 3:25If we do continue up and reclaim, if
40. 3:27we're able to reclaim the put wall, then
41. 3:29I'm going to be looking for us to come
42. 3:30back up towards the 200. This is the
43. 3:32most important level for me this morning
44. 3:33because this is where I'm going to be
45. 3:35looking to see if we turn over and start
46. 3:37making another attempt lower or if we
47. 3:39start accepting above it and pumping
48. 3:41into the mid300s.
49. 3:45This is also the ceiling. So, I'm not
50. 3:47really expecting I'd be pretty surprised
51. 3:48if we actually get back above this. Get
52. 3:52back above like 29,400.
53. 3:57That would be pretty crazy.
54. 4:02What I what I don't want to happen is or
55. 4:06what I'm going to be careful about
56. 4:07happening is this.
57. 4:10We drop down, we rebalance, and then
58. 4:14balance.
59. 4:21>> So,
60. 4:29we'll see what happens here at the open.
61. 4:31We have about seven minutes. [snorts]
62. 4:34Probably will try and make an attempt
63. 4:35back above 140. So, there's basically
64. 4:38two areas closest to price that I'm
65. 4:40watching here and here. And also here,
66. 4:44of course, that's why it's here.
67. 4:47[snorts]
68. 4:52So, we'll see how it goes.
69. 5:35And then also something to note as well
70. 5:36is we do have um
71. 5:39jolts at 7 or at 10:00 a.m. Eastern this
72. 5:42morning.
73. 5:48What up, Nicholas?
74. 5:50I'm doing chill.
75. 6:21um ed MDV log or M ed MD vlog. I have
76. 6:29like five screen. I'm showing there's
77. 6:31two screens or two charts on my screen,
78. 6:35but
79. 6:38I have
80. 6:42I have nine charts open. [laughter]
81. 6:45I look at nine screens. Well, it's one,
82. 6:48two, three, four. It's five screens, but
83. 6:51it's nine charts.
84. 7:02Good morning, Jose.
85. 7:06Yeah, I got a bunch of stuff I look at.
86. 7:09Oh, this small screen. Yeah, some type
87. 7:11of like external monitor. It's like some
88. 7:13OLED uh
89. 7:16V Sonic
90. 7:18like 4K.
91. 7:21Although, it's like a shiny screen. I
92. 7:23don't really like shiny screens,
93. 7:27so
94. 7:31it was kind of unnecessary, but
95. 7:43that's funny. I sat I sat trying to uh
96. 7:48I was paying attention to Tokyo last
97. 7:50night and we were just doing nothing. I
98. 7:53was watching to try and short it up
99. 7:55here. We were doing nothing and then I
100. 7:58got off
101. 8:00and then we end up making this huge move
102. 8:06almost 500 points during the overnight
103. 8:09during London.
104. 8:21>> [snorts]
105. 8:28>> What other charts do I have than these
106. 8:30two? I have a higher time frame um chart
107. 8:36here where
108. 8:38looks like this a little bit.
109. 8:46I don't know if you guys can see it.
110. 8:52It's also this one. Can't really see it.
111. 8:55I'll make a video on it,
112. 8:59but that's for higher time frames.
113. 9:00Sometimes I put candlesticks on it,
114. 9:02sometimes I don't, but it's like hourly
115. 9:05and I'm looking at value areas.
116. 9:08And then on my other screen I have like
117. 9:09a 15minute
118. 9:11I have a delta profile five minute I
119. 9:14have heat map
120. 9:16on the screen below where I execute I
121. 9:18have three minute delta profile one
122. 9:21minute delta profile
123. 9:24and five minute delta profile
124. 9:31and then on the screen above me I have a
125. 9:3415 a 15minute Um,
126. 9:38I have a bunch of I have a bunch of uh
127. 9:43bunch of screens,
128. 9:52[snorts]
129. 9:54but realistically like
130. 9:57these two screens here is the main ones.
131. 10:00Well, actually that's not true. I do pay
132. 10:03a lot of attention obviously to Trading
133. 10:04View in this screen and then this
134. 10:07screen.
135. 10:22What's up? Set 8.
136. 10:25[laughter]
137. 10:38All right. So, we're going to open up
138. 10:39here in 10 seconds. Let's see what
139. 10:40happens.
140. 10:44I don't look at order flow on Trading
141. 10:47View. I just use it to chart.
142. 11:20So, if we are just going to run this
143. 11:21down, which would be kind of crazy,
144. 11:26full target to the downside's like
145. 11:2828,945.
146. 11:30The structure that was built on the 24th
147. 11:33from the AM lows.
148. 11:38I'm usually not the biggest fan of um
149. 11:44New York session following a huge move
150. 11:46like this, honestly.
151. 11:53So, I'm just I'm going to be a bit
152. 11:55careful this morning with um
153. 12:06with trading my funded account. my
154. 12:09funded accounts.
155. 12:20[snorts] If there is anywhere that we're
156. 12:21going to hold, I'm watching this area to
157. 12:24see if we actually hold here. All right.
158. 13:27Whoops. That's an account from from Asia
159. 13:29session or yesterday.
160. 13:58Hey.
161. 14:03Hey. Hey.
162. 14:12I'm gonna um
163. 14:19It's looking
164. 14:27[laughter]
165. 14:30Don't make this month like last month.
166. 14:31I'm going try not to. Last month was
167. 14:34pretty brutal.
168. 14:38Although
169. 14:40the thing about this month though is
170. 14:42that
171. 14:44we're
172. 14:47we have the Fed meeting coming up and
173. 14:49then we have these I have a feeling that
174. 14:52these first two weeks we're going to see
175. 14:53some decent moves happening before the
176. 14:55cash session even opens. So it might be
177. 14:59slightly frustrating
178. 15:03those the reactions to the data releases
179. 15:05this month might be pretty violent.
180. 16:12So, I'm watching what we're going to do
181. 16:14here around this 140 area, if we're
182. 16:16going to push through it.
183. 16:18And if we do, I'm looking for us to come
184. 16:20up towards 200.
185. 17:50I'm seeing right now. So, we had failure
186. 17:53of the sellers to the downside, failure
187. 17:54of buyers to get back above put wall.
188. 17:57We're like back at essentially where we
189. 17:59opened up.
190. 18:37Strat Stratton Oakmont. There's a bunch
191. 18:39of There's so much stuff going on right
192. 18:42now. [snorts]
193. 19:01Yeah,
194. 19:03there's so there's a lot of moving parts
195. 19:05to all different types of things going
196. 19:07on.
197. 19:19So, we'll see if we can actually
198. 19:23be successful in this push lower.
199. 19:28If we're going to start actually pushing
200. 19:30down, we're probably going to start
201. 19:31making our way towards 29,000 and then
202. 19:34945 is full target to the downside.
203. 19:38We do have jolts coming out a little bit
204. 19:40later this morning. We tried to reclaim
205. 19:42the put wall and failed. So,
206. 20:34If we snap back up into this is going to
207. 20:36be kind of nasty.
208. 21:09I'm going to enter into continuation
209. 21:11shorts here
210. 21:14and see if we can get the follow through
211. 21:17down towards 29,000. The stop's going to
212. 21:20have to be
213. 21:30back above current VWAP.
214. 22:13We're looking for us to make our way
215. 22:14towards 29,000
216. 22:17with full target being 28,950.
217. 22:22Once we do, I'm looking for us to have
218. 22:24some follow through. If we do approach
219. 22:2629,000 a little bit closer,
220. 22:30um I'm going to move to break even.
221. 23:22That's not looking good.
222. 24:58This is about to probably rip up right
223. 25:00now.
224. 25:29does not look good on the five minute.
225. 25:32Lots of absorption at the bottom of it.
226. 26:13All right. So,
227. 26:16I'm going to switch over to this
228. 26:21Evo.
229. 27:07All
230. 27:22right. All right. Well, if we're going
231. 27:22to sit if we're going to be going back
232. 27:24and forth in here, I'll probably just
233. 27:26have to wait.
234. 28:15Yo, I'm not going to lie, guys. I'm not
235. 28:18going to lie.
236. 28:20I might I've been I've been thinking
237. 28:22about it. I might have to take a break
238. 28:26from streaming for a second.
239. 28:49It's like actually pretty bad right now.
240. 28:52It's pretty insane.
241. 28:57And like if I if I'm in this like super
242. 29:09it's like it's it's like I have a
243. 29:11YouTube streaming curse right now and
244. 29:13then I know that there's people
245. 29:14following
246. 29:16these trades. So then it's like
247. 29:21>> it's not good.
248. 29:26San Francisco
249. 31:04All right. So, we're starting to get
250. 31:05back above 140. If we hold above here,
251. 31:09I'm looking for us to come up towards uh
252. 31:1029,200 29,225.
253. 31:16We do have news in 10 minutes, though.
254. 32:40I will say though,
255. 32:44I will say though, there may come a time
256. 32:47where I stop streaming on YouTube. So,
257. 32:52if you're uh in the YouTube, you should
258. 32:56probably join the Discord if that day
259. 32:58ever comes.
260. 33:11As of right now, for the past two weeks,
261. 33:13if you guys have inversed my inversed my
262. 33:17trades, you'd be a you'd be a very
263. 33:20profitable trader dur during the New
264. 33:23York session.
265. 33:36Yeah, I know. The new the new strat is
266. 33:40just fade
267. 33:42fade
268. 33:45thrax.
269. 33:48So we're f we failed to accept back
270. 33:50above 140. [snorts]
271. 34:02I'm going to wait to see what uh Joltz
272. 34:03does.
273. 34:44>> [laughter]
274. 34:49>> Yeah, my bad. I don't mean to be a
275. 34:51downer, but you know, it's frustrating.
276. 34:52You know what I mean? Like,
277. 34:55it's just it's frustrating losing losing
278. 34:58in front of like 500 people on a daily
279. 35:00basis when it's not normal. Like, it's
280. 35:03not normal. It's just happened recently.
281. 35:05It's happening recently
282. 35:09and it's not even and it's also because
283. 35:10I'm
284. 35:13sometimes taking trades I shouldn't be
285. 35:15taking like for example okay the reason
286. 35:17why that kind of bothered me that I did
287. 35:19that is because I'm sitting here
288. 35:22what did I say I was like okay
289. 35:26the uh the riskiest time to try and take
290. 35:30a this is word for word what I said
291. 35:31pre-market the riskiest time to try and
292. 35:34take a continuation lower is a late
293. 35:36stage imbalance. Look what we're doing
294. 35:39now. We did come up into the put wall
295. 35:41and failed to reclaim put wall on the
296. 35:44first attempt. And so when we started
297. 35:47dropping lower, I tried taking
298. 35:49continuation shorts
299. 35:51following a 500 point drop. So it's like
300. 35:55the riskiest time to try and take a
301. 35:57short and then I try and take it after I
302. 36:00said that. So then I was like, ah.
303. 36:18[laughter]
304. 36:20Yeah, I know. It would be real bad if I
305. 36:23was though. Unbalanced, huh? [laughter]
306. 36:45Happy birthday.
307. 37:30All I got like for
308. 37:33we got like 3 minutes until uh
309. 37:38Jolts.
310. 37:50Oops.
311. 38:12Evil eye jolts is
312. 38:15it stands for jobs here. Let me let me
313. 38:19uh actually look it up.
314. 38:22Job openings and labor turnover survey.
315. 38:26So, it's basic it's it's a jobs report,
316. 38:33but it's important because it um
317. 38:38it's important because it talks about
318. 38:40openings and hires.
319. 38:45So like when it every single time at the
320. 38:47beginning of the month, right, you have
321. 38:49the first week that typically has jolts
322. 38:51and NFP, so non non-farm payrolls.
323. 38:55We also have
324. 38:58in the following weeks CPI, PPI, and
325. 39:02then right after that, in this case, we
326. 39:04have an FOMC meeting.
327. 39:11Yes. And that that is a very good point,
328. 39:14Andre.
329. 39:16this morning. Not only is it Jules, but
330. 39:18it's also um ISM PMI
331. 39:25and the and um
332. 39:29they're both at 10 a.m.
333. 39:34But the the reactions to the data
334. 39:37releases because after Jackson Hole, we
335. 39:39basically saw the Fed watch on the CME
336. 39:41go from
337. 39:4340% for a rate hike to like 60%.
338. 39:48>> [snorts]
339. 39:48>> So, there's a lot of um
340. 39:53I feel like I feel like the the
341. 39:54reactions to the the data releases could
342. 39:57be pretty violent and it could um
343. 40:05like following in the in the bigger
344. 40:07releases like let's just say NFP
345. 40:10CPI.
346. 40:13I I'm going to be paying attention to
347. 40:15whether or not it's basically going to
348. 40:18cause moves to happen before the cash
349. 40:21session even opens, which would suck,
350. 40:27but it's possible.
351. 40:50So this is a this is the data release
352. 40:53here.
353. 42:16We're currently just stuck in between
354. 42:18the 140 and the We're stuck in like a 70
355. 42:22point range right now.
356. 43:09Uh, Asia session, I typically look at
357. 43:11Tokyo open and then the hourly candle
358. 43:13following it. So, my time, Pacific
359. 43:15Standard Time, like 5:00 p.m., 6:00 p.m.
360. 43:20[snorts]
361. 44:22>> [laughter]
362. 44:24>> Hell yeah. What a setup.
363. 45:00If we stay stuck in here for like
364. 45:01another 15 to 20 minutes, I'm probably
365. 45:03just going to uh
366. 45:06give away an account and then get off.
367. 46:19>> [laughter]
368. 46:23>> Yeah, Asty it started.
369. 46:27It all started after that interview
370. 46:29which is funny.
371. 46:36The timing was impeccable. Impeccable
372. 46:41timing.
373. 47:08Something.
374. 47:57Put the stream Hope to have some
375. 47:59background sounds so it's not that
376. 48:01lonely.
377. 48:40Switch up the music. Is it You guys can
378. 48:42hear music on Discord.
379. 48:46I don't think there should be music on
380. 48:47Discord. We're making another attempt to
381. 48:50get past 140.
382. 49:05Oh, the Homer. Yeah.
383. 49:12Yeah. Maybe I maybe I gotta maybe I got
384. 49:14to switch up the music.
385. 49:16Dude, the thing is though is like I
386. 49:18don't
387. 49:22Maybe better just to not even have any
388. 49:23music because
389. 49:25every single time I stream.
390. 49:29You got to be careful about the music
391. 49:31that you play because they could give
392. 49:33you a strike.
393. 49:37That's why that is every single time.
394. 49:42Although, if I was on Discord only and
395. 49:44not on YouTube, it wouldn't be a
396. 49:46problem.
397. 49:48>> [clears throat]
398. 50:20>> the Well, what I'm watching for right
399. 50:21now is I'm seeing if we're actually
400. 50:23going to accept above 140. And if we do,
401. 50:25I'm expecting us to come up here
402. 50:32towards 200, 225.
403. 50:39If we can actually hold above and not
404. 50:40just slam back into it.
405. 53:53Uh, James, it's because I don't want to
406. 53:56trade inside of here.
407. 55:00Yeah, it Mike, it does define the
408. 55:02rotational scenario.
409. 55:04Um, and there are times where
410. 55:09I will um
411. 55:13play a mean reversion, but
412. 55:18I'm actually I'm I'm thinking we we
413. 55:20actually go higher right now.
414. 55:33Well, not like right now right now, but
415. 55:35I think we're we're drifting up and
416. 55:37we're snapping back and forth in between
417. 55:40the put walls. So, I don't really like
418. 55:43trading right into it.
419. 55:55And usually when I do try and do mean
420. 55:56reversion, I prefer the the range to be
421. 55:59pretty clean.
422. 56:58I don't use that.
423. 57:02I come with flaws. I don't use that. I
424. 57:04use Tanuki.
425. 57:07Tanuki trade.
426. 58:24Yeah, right now. So, I'm watching us
427. 58:27just kind of drift up. I'm seeing if we
428. 58:29can accept above uh 140, which we're
429. 58:32struggling, which is the current call
430. 58:34ball for Tanuki, or my bad, current put
431. 58:36ball for Tanuki.
432. 58:39And then
433. 58:41it's on the screen here. Here you can
434. 58:42see says um potential short composite
435. 58:46floor last week's PC. So I am watching
436. 58:49this area up here.
437. 58:53If it was cleaner, there could have been
438. 58:54a counter trend trade back into this
439. 58:57area. But because it's doing this, it
440. 58:59might just
441. 59:02Whoops.
442. 59:08into it like that.
443. 59:13Uh, Ali, no, I don't use CVD.
444. 59:28Instead, what I look at is I like I look
445. 59:31at a combination of um volume profile
446. 59:34and delta profile.
447. 59:45Yeah, I use I use a heat map.
448. 1:01:12No, I haven't traded gold since like
449. 1:01:14March.
450. 1:01:16Although I probably should though
451. 1:01:22or I should have.
452. 1:01:54Last year there was like a whole month
453. 1:01:56where all I did was just or actually two
454. 1:01:59months where all I did was just trade
455. 1:02:00gold. I didn't even touch NQ.
456. 1:02:04circumstances.
457. 1:02:48When I do trade gold though, I'm usually
458. 1:02:50trading like uh during the overnight
459. 1:02:52session for gold. I don't really
460. 1:02:55trade uh the New York session.
461. 1:06:33Just so you guys know, I'm waiting for
462. 1:06:34us to get up here.
463. 1:09:04>> [snorts]
464. 1:09:49>> Happy birthday.
465. 1:10:08Honestly,
466. 1:10:11I'm gonna probably get off stream.
467. 1:10:16We'll take our I I'll take my L on my
468. 1:10:18funded account today.
469. 1:10:30But before I get off stream, I'll give
470. 1:10:33away an account. So,
471. 1:10:41I'm going to um
472. 1:10:51[snorts]
473. 1:10:59Well, actually, hold on.
474. 1:11:04I'm going to see if we can push up into
475. 1:11:05here.
476. 1:11:42Does he actually give away free evals
477. 1:11:44chat? What's the answer? How many
478. 1:11:47accounts have I given away? Probably at
479. 1:11:48least like a hundred.
480. 1:11:59>> [laughter]
481. 1:12:04>> All right. So, we're now kind of pushing
482. 1:12:07into this 200 225 area. [snorts]
483. 1:12:12We're going to see if we can actually
484. 1:12:15if we're going to be able to actually
485. 1:12:17push through it
486. 1:12:24or if we're going to end up turning
487. 1:12:25around. If I do end up taking a short in
488. 1:12:27this area,
489. 1:12:29which I don't know if I will or not, but
490. 1:12:31if I do end up taking a short in this
491. 1:12:33area, the target's going to be back at
492. 1:12:35140.
493. 1:13:39But in the meantime, if anyone wants to,
494. 1:13:41we're going to do a giveaway pretty
495. 1:13:42soon. So, if you're in the YouTube chat,
496. 1:13:43you want to join the Discord, it's in
497. 1:13:45the description. We do the giveaways in
498. 1:13:47the Discord.
499. 1:16:09All right, I'm going to attempt shorts
500. 1:16:10here. This is going to be the last trade
501. 1:16:11that I take for the morning.
502. 1:16:26Stop at 235.
503. 1:18:14dude, the position marker on this, it's
504. 1:18:17hard to place.
505. 1:19:00I'm also taking this on an eval too. So
506. 1:19:02on the screen right now is my funded
507. 1:19:04account
508. 1:19:06and then I'm also taking it on an eval
509. 1:19:09that's halfway done. We're going to try
510. 1:19:10and pass it.
511. 1:19:46You are
512. 1:19:50happy.
513. 1:20:05And then after this trade, we'll do the
514. 1:20:07giveaway.
515. 1:20:49Uh, we'll give away. What do you guys
516. 1:20:51want? You guys want an IQ Capital
517. 1:20:53account or an FFN account
518. 1:21:03here. We'll do a we'll do a poll in the
519. 1:21:06chat
520. 1:21:20there. There you go. Click that.
521. 1:21:41Oh, YouTube chat saying Lucid Lucid
522. 1:21:43doesn't give me accounts.
523. 1:21:49Lucid told me I'm not I'm not cool
524. 1:21:50enough.
525. 1:21:56Although I am trading a Lucid account
526. 1:21:58right now.
527. 1:22:11[laughter]
528. 1:22:13Wow, it's pretty even right now. 30
529. 1:22:16votes for IQ Capital. Well, 31 votes for
530. 1:22:20IQ Capital. Oh, 31 votes for FFN.
531. 1:22:44It's pretty even. Honestly, I thought
532. 1:22:46it'd be more one-sided.
533. 1:22:57Well, we'll wait. We'll see. We'll see
534. 1:22:58where the poll stands
535. 1:23:01by the time this trade's over.
536. 1:23:14giveaway both. Of course.
537. 1:23:18Of course. Uh it's in the Discord,
538. 1:23:21Melford.
539. 1:23:23We do the giveaways in the Discord
540. 1:23:26because I have the tools for it.
541. 1:23:29So, if you want to join the giveaway,
542. 1:23:32probably gonna do it in a couple
543. 1:23:33minutes. So,
544. 1:23:35you could uh
545. 1:23:38click the link, join the free Discord.
546. 1:23:40It's free, join the live trading,
547. 1:23:44and then be here when I prepare for the
548. 1:23:48giveaway.
549. 1:23:50It's all you got to do. Just show up.
550. 1:23:53Just be there and be a real person, not
551. 1:23:55a bot.
552. 1:25:16Are IQ funded trustworthy? Yeah, they're
553. 1:25:21good.
554. 1:25:30All right.
555. 1:25:40Let's do the giveaway.
556. 1:25:45I hope you guys faded me on that.
557. 1:25:47[laughter]
558. 1:25:49I'm telling you, bro. It's crazy.
559. 1:25:53All right, YouTube. I'll see you later.