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

by Christopher Creamer | Orderflow Trader · 7,127 words · 1,337 segments · language en · Watch on YouTube

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0:40Yo.
0:42What is up?
1:09What up, DS?
1:11So, today we have
1:14the first FOMC with Kevin Warsh.
1:32Full port day. No.
1:35No, no, no.
1:38Today actually I'm going to be kind of
1:39careful.
1:45>> [snorts]
1:51>> If anything cuz
1:53I passed all those Apex accounts. So,
1:54now now we're going to be copy trading
1:56some of them.
1:58We're going to be copy trading them.
2:01But,
2:04pass the Apex accounts, copy trade them
2:06on FOMC, lose it in some chop, have a
2:09bad day in chop.
2:11Yeah, I don't think so.
2:13I don't think I don't I don't think
2:15that's how this story is going to play
2:16out. I'm not going to let it happen.
2:42I woke up pretty early this morning.
2:44I've just been sitting here watching
2:45this. I think
2:47um
2:52I think there's kind of a there's a
2:53decent chance we may potentially
2:56chop a little bit this morning.
2:59Or at least find some balance out, find
3:02some value.
3:06What I'm really watching for is I'm kind
3:07of this shaded area right here is what
3:09I'm paying attention to, so.
3:13If we fall back in here,
3:15this is kind of like a no trade area for
3:18me this morning.
3:22I'm going to wait for the open, and if
3:24at the open we kind of stay above
3:27this area, then I will be kind of
3:29expecting us to
3:30>> [music]
3:30>> continue up towards London highs.
3:32Um
3:34in the event that we each start to kind
3:35of drop below,
3:38we do have weekly new week opening gap
3:40down here.
3:43I don't necessarily think it it'll fill
3:44the whole thing
3:46before FOMC or potentially even today,
3:49but
3:50I just know it's down there.
4:09What I'm trying to be careful about is
4:10something like this.
4:12Big drop down, rebalance a little bit,
4:15temporarily find some balance
4:18in this area.
4:21If it's clean enough, we can still trade
4:23it.
4:26But, we are approaching
4:29And we got OPEX tomorrow
4:31with the quarterly expirations.
4:36So,
4:40just got to be careful.
4:41Just got to be careful today.
5:10Yesterday was pretty decent though.
5:11Yesterday we cut the shorts all the way
5:13up here.
5:15Went short up here yesterday.
5:17And then I held it on my on my topstep
5:19account for like 250 points.
5:22I got out on the other account somewhere
5:23around here.
5:27Mitchell is long.
5:29Not bad.
5:41Thanks, Mitchell.
5:48I was I was kind of expecting a um
5:52a sell-off yesterday all to the point
5:54where
5:56I actually on my live account, I tried
5:58to do like a swing.
6:01I had a trade that I just went in a
6:03couple micros on my live account, but
6:06I had a trade that looked like this.
6:11It was massive, dude. I had like a huge
6:13stop loss.
6:16And I was targeting like somewhere down
6:18here or something.
6:19Maybe it was down here. I think it was
6:21down here.
6:23Yeah, like 2,000 ticks.
6:26And then I woke up in the morning and I
6:27got stopped out.
6:30But honestly, I I should have waited for
6:32these highs to get taken out yesterday
6:34first before I go short.
6:36But when I saw that happening,
6:38I just took it on my funded accounts.
6:48So now we're going to see if we're going
6:49to stay above uh 475 and if so, then I'm
6:52expecting us to kind of continue a pump
6:54up.
6:57Yeah, I mean, I don't necessarily
6:58consider that like swing trading
7:02because it's still technically intraday.
7:09But it is definitely kind of like
7:12a different style of trading than how I
7:14trade during New York session.
7:19Sometimes on my live account, what I'll
7:20try and do is if I
7:23have an idea for, you know, what I think
7:25New York might do, um
7:28I'll try and position myself during
7:30London
7:31or Asia.
7:33London just through limit order, but
7:37sometimes
7:38Asia.
7:40And then I'll just try and hold it
7:41through New York open if I think we're
7:42going to
7:45if I have a strong conviction in a
7:47direction, but I usually will use light
7:48size, but it didn't work out yesterday.
7:50I lost like 500 bucks on my live
7:52account.
7:57Just a little early. Right idea, just a
7:59little early.
8:02But I'm happy I was still able to catch
8:03it on my other accounts, so it's makes
8:05up for it.
8:27What I'm kind of thinking at the open
8:28though is if we do get some um like
8:31let's say we have uh I don't know where
8:32we're going to open, but let's just say
8:33we open up and we slam down really hard.
8:37And we immediately start seeing failure.
8:40We slam back up, I'm probably going to
8:42go long and try and target London highs.
8:44I just have to be careful about um
8:48I just have to be careful about
8:50>> [music]
8:50>> potential like chop at the open.
8:54The mornings before FOMC are
9:00sometimes
9:03account killers.
9:10Aman Verma here. You want to see it?
9:13Look.
9:14I got you, bro.
9:16Go ahead. Screenshot him. Five.
9:20Four.
9:21Oh wait. Sorry. That's ES.
9:28There you go.
9:29Five.
9:31Four. Three. Two. One.
9:35All right.
9:46Just another going to change. The gamma
9:48the distribution today at least on
9:50Tanuki's platform is pretty thin, so
9:56you know, when when that when the
9:57distribution is is kind of thin like
9:59that and the open interest is also
10:01pretty thin,
10:03I'm not really
10:05it changes a little bit how I think
10:06about positive gamma environments where,
10:09you know, we can easily kind of move
10:10through it, so.
10:24This is this is this is the plan for the
10:26morning for everybody.
10:29As long as we stay above here,
10:32I'm looking for us to come up here.
10:34We drop back in here and we do this, I'm
10:36not touching it. Or if we do this, I'm
10:38not touching it.
10:41If we go like this or whatever,
10:44or let's just say we go like this,
10:46and then we start accepting below, I'm
10:48going to go for a continuation lower.
10:52So,
10:57we're going to
10:59be watching this area today.
11:01It's kind of my decision area today.
11:03Looking more healthy than I did on
11:05Monday, dude.
11:07Monday I was dying.
11:10I was dying, dude. I was on stream. I
11:12really didn't feel like streaming.
11:15I was still able to
11:17I was still able to catch catch a trade,
11:19but honestly, I shouldn't have been
11:21doing that.
11:24But this morning,
11:25I got some good sleep. I'm ready to go.
11:28I'm focused.
11:34>> So, we're going to try
11:37and
11:39not destroy
11:42my funded accounts. I got seven funded
11:43accounts now, so we're
11:45trying to build them. Trying to build
11:47them up.
11:53This month was a little slower because I
11:55did take like a whole week and a half
11:57just working on evals.
12:01So, it was kind of
12:03but we're trying to set us set ourselves
12:05up. We're trying to set ourselves up.
12:08I messed up in May.
12:11It happens.
12:16So, we had to build the army back. We
12:18got seven fundeds right now.
12:20One of them has a $3,000 balance on it.
12:23The other one has um
12:26The other one's basically break even.
12:28And then
12:30these Apex PAs are like
12:34brand new.
12:35Fresh out the oven.
12:44And I'm going to I'm going to work on
12:46some more of more of them
12:48a little later. I just I need to
12:52That account that has a $3,000 balance
12:54on it, I think I need like a day
12:57or two. But I'm trying to get the
12:59balance up past like 54.
13:04Oh, yeah. And then I also have a TPT TPT
13:07eval that's almost done. I got to
13:09probably actually pass that today.
13:12Oh, wait. You need 5 days. I think I
13:14only have like 3 days traded on it. And
13:16then I also have a Topstep eval that's
13:18like
13:22basically break even, so.
13:24Or I think it might actually be in
13:25drawdown.
13:27I'll work on that later.
13:29But yeah, we got to start focusing on
13:30funded accounts or else it's just going
13:31to be I mean we'll be net positive this
13:33month, but I'm not going to really make
13:34any money.
13:37Can you show again?
13:39No, bro. I gave you 5 seconds. I'm
13:41sorry.
13:44I'm sorry. I'll I'll put it up on the
13:45screen. You could have screenshotted it.
13:48You know, I just saved you from paying
13:50for a platform.
13:52But I'm not I'm not your Gex boy.
13:54Respectfully, I'm not I'm not Gex boy,
13:56okay? So
13:58if you really want to see your levels,
14:01go ahead and uh
14:03purchase a subscription.
14:06Like all the other hard working people.
14:12No, I don't mean to be a dick, bro, but
14:13like yeah.
14:14I already showed it to you.
14:19Here, you know what? Just cuz I'm just
14:20like
14:21cuz the market's not open,
14:25I got you, bro.
14:28I got you. What do you want to see? You
14:29want to see QQQ? Go ahead. You have 5
14:31seconds.
14:335 4
14:353
14:362
14:381
14:39All right.
14:42You're welcome.
14:44You're welcome, Aman.
15:09So yeah, I'm going to I'm going to be a
15:10little bit careful at the open.
15:11Although, if we do slam down and have
15:14just total failure to the to the
15:16downside and we start snapping back up,
15:20I'll [clears throat] probably try and
15:20take a long position with some smaller
15:22size depending on
15:24how far my stop needs to be.
15:27Cuz I'd have to put it below the seller
15:28failure.
15:29But um
15:32if we just open immediately rip up, I'm
15:34going to just let it go.
15:36If we kind of drop down and started
15:37snapping around, I'm going to just not
15:39do anything. So
15:43might be a slightly slower session
15:45today, but it's just uh capital
15:47preservation.
15:49Um
15:53especially because like this is the
15:54first meeting with um a new Fed
15:58chair with the new Fed chair, excuse me.
16:00So
16:03I'm more so just interested to see I'm
16:05actually going to watch it later today.
16:07I usually don't watch them.
16:11But I want to see what's up with Kevin.
16:25I'm looking at NQ EV.
16:42What's the best company to subscribe to?
16:45Well
16:49I use to think you trade. Is it
16:53the best one?
16:55Disclosure, I'm affiliated with them.
16:58Disclosure.
17:00But I do like I do I do use them and I
17:02do like them. But there's [music] plenty
17:03of uh
17:06there's plenty of platforms [music] and
17:08there's a difference between how they're
17:09calculating uh their levels. There's
17:12naive Gex and there's inverted Gex.
17:16It's kind of like how they
17:18it um and they're trying to
17:20infer GEX is more of like a complex
17:23but sometimes more accurate
17:26interpretation
17:28of dealer positioning. Although at the
17:30end of the day none of them can see
17:31what's on the dealer's books.
17:35Just I would just test out a few of
17:37them.
17:38See which one you like.
17:40But if you happen
17:42to just like Tenuki Trade
17:45you should use code never flat and
17:47support your boy.
17:49But
17:50you don't have to. You don't [music]
17:51have to. You can use whatever you want.
17:53You can use Mentorkey, Spot Gamma, Vol
17:55Signals, whatever.
18:39So we have market opening up in couple
18:41minutes.
18:47If you guys noticed that we're chopping
18:48today
18:51let's all let's all make a
18:54let's all make a a pact right now. Let's
18:56all decide that if we identify chop or
18:59we're not going to trade the chop.
19:01Let's all pinky promise each other.
19:05>> [laughter]
19:06>> So we can save So we can save each other
19:08from heartache and blown accounts on
19:10FOMC.
19:14What up, King?
19:15Um
19:17Well, that was pretty nasty.
19:19Um we're waiting for the open. I'm
19:22watching this area right here.
19:24If we stay above it,
19:26I'm expecting us to take London highs.
19:29If we stay in here, we're chopping.
19:31Not touching it.
19:33If we begin to accept below it,
19:36if we if we like
19:38I might look for a continuation of that
19:40take lows, take daily lows.
19:53But I'm kind of more uh
19:55more inclined to
19:56lean a little bit more towards
19:58us going up.
20:01We do have net call open interest, call
20:03open interest, and absolute open
20:04interest sitting up here. So, if we just
20:06like continue like a grind up, this is
20:09going to be my draw for the day.
20:22But again, I am just going to be
20:26Thanks, bro. I am going to be a little
20:28uh careful today.
20:32Got these fresh
20:33Apex PAs. Some copy trading them.
20:37It's probably not the most ideal day to
20:39start our copy trading.
20:41But you never know. I mean, we might get
20:43a pretty good opportunity.
21:13>> 31,000
21:16All right, market open. Let's see.
21:19Slam down if we have failure, I am going
21:22long.
21:27Well, actually no, I'm going to wait.
21:29I'm going to wait a second because we
21:35Whoops.
21:45I'm trying to see if we're going to hold
21:46above 475.
21:54I'm going to have to size kind of small
21:57if it does happen cuz it's uh
22:00it'll require kind of a bigger stop.
22:14Most ideal scenario for this is we push
22:16down
22:18past these lows, we snap down, snap back
22:20up, and then I'm going to
22:21be more inclined.
22:23But,
22:26there's no rush.
22:29Just take a Take a deep breath.
22:31It's okay.
22:37Also, this is also my like chop area, so
22:38I got to be
22:41where we might see some chop, so I got
22:43to
22:44be careful about that.
24:29>> Yeah, I don't think it's going to
24:30happen.
24:32I think we're just going to drop further
24:35deeper into this area.
25:38>> So, we're just going to just going to
25:40wait. Oh, yeah, Mitchell, you're in
25:41those longs.
25:43It's looking good before the open. It
25:44sucks, dude.
26:00How big is this opening candle?
26:02100 points?
26:34Why trading with FOMC news coming up
26:37today?
26:39You scared?
26:41You scared or something?
26:44No, I'm just joking. Why not?
26:47I'm only going to trade if I see
26:48something I want to trade.
26:54Who knows? Maybe I sit here and I don't
26:55take a trade. Why are you judging me?
26:59So let me Just let me Let me alone, bro.
27:01Just let me do whatever Let me Let me do
27:03me.
27:10Gigachad almost Chad light. Yeah, bro.
27:12Why are you being a Chad light?
27:19I'm just joking My bad, dude. If you
27:22Just joking. Just messing with you.
27:27Yeah. I mean, I understand. So, to
27:29answer your question legitimately
27:32without being a smart ass, sorry.
27:35is
27:37I do understand that it's FOMC today.
27:39I am anticipating
27:42potentially some price action that I
27:43probably don't want to trade.
27:45So, just being a little careful today.
27:49If I see something that I like, I'll
27:50take it.
27:52If
27:53um
27:55there's nothing that looks good to me or
27:59that aligns with how I typically trade,
28:02then I'll just uh sit here.
28:06Just hang out with you guys
28:08for a little bit.
28:13I'm seeing if we can start getting back
28:15above uh 475, though. Doesn't mean I'm
28:17going to take a trade, but
28:21it's now adjusted to the call wall
28:24up for Tanuki.
28:26It dropped down.
28:54>> Ooh, that's pretty nasty.
28:59Came back up into it and just started
29:00rejecting back.
29:11The only thing is just this area in
29:13general to me is um
29:20kind of like a
29:22caution
29:23caution area.
29:37So, it does look like
29:42we might dig dig towards the extreme
29:44here.
29:50Or we might just chop here.
30:20If we do end up getting below here and
30:22we stay below here
30:25we start continuing further down.
30:30Might look for
30:35a continuation towards daily lows, but
30:39I got I what I'm trying to be careful of
30:41right now is for us to push lower and
30:44have failure and then start creating
30:45this in here.
30:49Yeah, that was a pretty good pullback
30:52um
30:53towards where the current call wall
30:54sitting. We saw it reject.
30:59Nice.
31:06How long
31:08do I trade?
31:10Like how long am I on stream?
31:12Typically for like an hour and a half
31:14maybe.
31:15Sometimes less.
31:19We did have a record a record stream
31:21where I streamed for a whole 15 minutes
31:24because
31:25I was trading my Trade of I account and
31:27I full ported basically and lost a trade
31:30where it went a thousand ticks in
31:32drawdown. I was so upset about that
31:34Trade of I
31:35Trade of I guy just got off after 15
31:38minutes.
32:08So again, this is kind of the area where
32:09I'm expecting us to potentially chop in.
32:13I hope that we don't. I hope I'm
32:16hope we don't but
32:27guess we'll see.
32:34Why do I expect chop in this area? Well,
32:37we're
32:39sitting in between
32:41So, there's a couple reasons for it.
32:43So, following an imbalance from
32:45yesterday, this is very large imbalance,
32:47right?
32:48And then we rebalance some of that
32:50imbalance, and then we drop down, and
32:52then this is potentially
32:54where we might find value, meaning that
32:57maybe we overshoot, maybe we overshoot,
32:59but we're kind of just oscillating in
33:01this area. It's also in between call
33:04wall and HVL, which this is a pretty
33:07thin
33:09um
33:09gamma profile today for me, and majority
33:12of the open interest is sitting
33:15around here.
33:16So, there's a potential for us to get
33:18pinned
33:19in this area.
33:20Um and then it's also FOMC, pre-FOMC.
33:25So,
33:27and it's a new Fed.
33:29So, like all of that combined is just
33:32making me lean towards potential
33:33consolidation this area AM session.
33:37Um and really careful about trying to
33:40trade like any type of breakouts unless
33:42I get like a
33:43a good um
33:47like confirmation for it.
33:49Um but yeah, I mean I this shaded area
33:52right here is kind of like
33:54in between call wall. Call wall has the
33:55most amount of open interest sitting
33:57here right now.
33:59And um
34:01well, it doesn't. It's It's actually up
34:03here, but it's thin in between here and
34:05here, so there's a potential we could
34:07pin here.
34:09It's kind of a more important uh strike
34:15for what I look at.
34:19So, we'll see. We're making another
34:20attempt up.
34:22If
34:23this attempt up
34:26So, we just pushed down, and we just
34:27failed, okay? So, if this attempt up
34:29right now also fails,
34:34We start slamming back.
34:37Then it's basically just confirmed. I
34:39mean, we can totally just like
34:41slam down, sellers fail, we push up, and
34:43then we actually continue, but
34:47we got to see.
34:59But [clears throat] if we see aggressive
35:00behavior, buyers aggressively lifting
35:02the offer, and then they just fail and
35:04slam it back, well, then there's your
35:06chop. It's going to start. It's probably
35:08going to start.
35:12If that happens.
35:14Or we can just continue.
35:2315 Look at the 15-minute right now.
35:45So, the 15-minute is about to close.
35:49And it's going to look like that.
36:00If we have the 15-minute open up and we
36:02push back,
36:03and
36:05um
36:10I see sellers getting absorbed and we
36:11start having buyers come back in. I'm
36:12actually going to try and take a
36:13continuation of this higher, but I would
36:15move it to a break even relatively
36:16quickly.
36:21Unless it's just going to go.
36:23Then we got to just let it go.
36:28Because there just wasn't really like an
36:31entry if it's just going to run.
36:44And then if we are going to go to the
36:45upside
36:48then I'm looking for us to take out
36:49these highs
36:50and then potentially continue up towards
36:56725.
38:02So this is pretty important right here.
38:03If we don't like start pushing up from
38:05here
38:07we like really slam it back down
38:15that'll be very ugly.
38:39>> MACD 7 is bearish.
38:47Uh-oh.
39:32>> [laughter]
39:58>> So, I'm watching if we're going to hold
40:00above
40:01475
40:03or not.
40:07>> Let's go have some fun.
41:13>> All right. Well,
41:16I think we're probably getting our chop
41:18here.
41:25So, now
41:51All right, I have to wait for it to get
41:52out of this area.
41:57Definitely not going to try and trade a
41:59break out of this area.
42:02Until we
42:03I'll wait for us to actually confirm
42:05that if we're going to go lower,
42:07I'm going to wait for us to actually
42:08confirm that we're actually going to go
42:09lower.
42:13Before I consider taking a continuation,
42:15otherwise I'm just
42:17I'm kind of just concerned about
42:23that.
43:20Have you guys taken any trades yet? Are
43:22we Has anyone traded this yet?
43:27If so, I hope you didn't try and trade
43:29like a breakout.
43:43Yeah.
43:46All right. We're going to We're going to
43:47do a quick mental check right now. If
43:49you're sitting here
43:51You're sitting here all anxious about
43:53trying to get into a trade.
43:55Chill.
43:56Just chill.
43:58Please Please just chill.
44:02Let me Let me ask you guys a question.
44:06Your Your accounts that you care about
44:07so much.
44:11Would you rather trade something like
44:12this?
44:17Or would you rather trade something like
44:18this? You know what I mean?
44:2630-second time frame, yeah.
44:28You're right.
44:30You know what?
44:32Since we're chopping,
44:34we're going down to the 15-second.
44:36So, we're not chopping.
44:39No, I don't do that. For chopping on the
44:415-minute,
44:42because I trade on the 5-minute,
44:45I got to just wait.
44:47But,
44:51DS is a different breed. This guy's a
44:53beast, so he can do whatever he wants.
45:04Oh.
45:06She can do whatever she wants. Sorry.
45:13Yeah, 15-second time frame.
45:1730-second time frame.
45:2140 range charts.
45:26I can't do it, dude.
45:29I like I like the 5-minute. The lowest
45:32I'll go is like uh 1-minute.
45:36But, I'm still paying attention to the
45:385-minute. The 1-minute's just like for
45:42execution sometimes, but
45:45it still has to align.
45:47I mean I mainly On a normal day, I'm
45:49mainly looking at 5 and the 15 for where
45:51I'm trying to enter my trades.
45:55Like my entry confirmations. 5-minute
45:5715-minute.
46:01Which is also why like a lot of my days
46:03I'm only taking
46:05you know
46:07maybe one or two trades, maybe three
46:10because they take a while to actually uh
46:14to form.
46:47Yeah, lock out cuz you think it's going
46:49to chop. I mean you're up a thousand
46:50bucks.
46:55How long my average trade after NYSE?
46:59What do you mean?
47:00Like during the overnight session when I
47:02traded?
47:10How long is a typical trade of mine
47:11during the overnight?
47:18If that's the question, it's however
47:19long it takes.
47:22However long it take It moves sometimes
47:23it moves slower. I mean there's times I
47:25literally will just get in a position
47:27during Asia.
47:31Oh, how long how much time am I
47:34currently waiting for a trade after the
47:36open?
47:38I don't know. Whenever it shows up. You
47:41know what I mean?
47:42Sometimes it's literally right at the
47:44open. Sometimes I get in before the
47:46open.
47:47Sometimes I get in right at the open.
47:50Other times I may sit here and not take
47:52a trade at all.
48:00>> It's just
48:02It's just kind of
48:06Do I stay at my PC for 4 to 5 hours?
48:10Um
48:12Okay, here's the thing, right? It's like
48:15What I'm doing right now where I'm like
48:17sitting here
48:18actively watching
48:20looking for a trade, right?
48:23I do that for about an hour and 30
48:25minutes.
48:29Let's see if we're going to break lower
48:30right now.
48:33On days where we have a crazy amount of
48:34volume and participation, sometimes I
48:39Sometimes I do a lot. Sometimes I stay
48:41longer.
48:49All right, we might actually be breaking
48:50out of this.
49:04I want to see how this is going to
49:06close, though.
49:33On the account you just pulled a pair
49:34down yesterday, Angel.
49:39Nothing wrong with walking out for a
49:40thousand bucks.
49:59>> Right.
50:08I'm trying to see how this 5 minutes
50:10going to close and I might
50:13Look, I just got to be careful.
50:15Um
50:17And if I do end up taking a trade, it'll
50:19probably move to break even relatively
50:21quickly.
50:38What I want to see is I want to
50:46Here we go, Diaz. What I want to see is
50:48I want to see us make a have buyers
50:51when we open up, attempt to push up and
50:53fail.
50:55And then I'll try and take the
50:55continuation.
51:06Yeah, 30-second chart clean.
51:09Pretty clean today, huh?
51:44Okay, we're getting that push up.
51:46I'm looking to see I needed to I wanted
51:49to push up deeper.
52:16All right.
52:38All right, I'm going to try shorts here.
52:40Oh, we have buyers stepping in for a
52:42second. We got to push past it.
52:50Kind of a bad entry.
52:57Uh-oh.
53:12Cooked?
53:14I think so.
53:28All right, I'm going to move it to break
53:29even.
53:32Dump, dump, dump.
53:33Daily lows.
53:35Go to the daily lows. Oh.
53:37Whoops.
53:47>> We do have to be careful around
53:49310.
53:59Uh what? 30 points in profit.
54:02I want to I want to see if we can let it
54:04go.
54:07I'll take the break even.
54:21All right. Well, we gave it a try. We
54:23didn't get the best entry on that, so
54:26once we see kind of like
54:29seller stepping in, right? And if
54:31they're If they're not going to be able
54:32to push it down, I mean, they might
54:34still end up pushing it down, but
54:36my entry was kind of so I just
54:38moved it to break even.
54:42I'll just wait.
54:51Cuz I was looking for that to happen a
54:53little bit faster, right?
55:40>> And also today what I said earlier is
55:42I'm kind of suspicious of like breakouts
55:44today.
55:46So when I'm trying to take a trade like
55:47that, I
55:48I move it to break even pretty quickly
55:51when we start seeing a little bit of
55:53pressure.
56:20This is probably going to
56:35This might snap back up into the range.
56:40How do you use a 5-minute volume
56:42profile?
56:49Use only the daily profile.
56:52I use it for execution.
56:53So what I'm looking for
56:56in
56:57um
57:01in a volume profile is here so you can
57:03see a little easier.
57:06So I'm looking where the participation
57:08actually was, right?
57:10Within
57:12the individual candle.
57:14And I'm looking where the POC is in
57:17relation to where this candle closes.
57:21So
57:23if for example, we see
57:26a lot of participation in the extremes
57:29of the candle, meaning like once the
57:31candle closes, the wicks
57:34Well, I have another chart where I look
57:35at a delta profile, so I want to see
57:37well, who was that who is participating
57:40there?
57:41And
57:42if for example
57:45we see something like this, POC stays
57:47here, and we start pushing up.
57:50I would go look at this screen
57:52and see well
57:54who was participating down there?
57:56Sellers.
57:58So
58:00you had sellers participating down here,
58:02and they're failing to move price.
58:05Does that mean that we're just going to
58:06reverse? No.
58:08But
58:09I'm basically using the volume profiles
58:12to understand like and also when we move
58:14through an area very quickly
58:16and it's kind of inefficient, right?
58:18Because it's like a
58:20a faster move where the market didn't
58:22get the opportunity to kind of spend a
58:24lot of time
58:26um
58:27transacting in this area.
58:31A fair value gap, right?
58:36But yeah, so I'm I'm basically looking
58:38at in in each of these candles, like
58:40where is the POC in relation to the
58:42close, and where is
58:46the aggression and
58:48the concentration of transactions.
58:51And then where is it in the candle? Is
58:52it in the body?
58:54Is it at the extremes?
58:58So
59:00it's kind of like a basic
59:03very basic
59:04way that I look at it. So I'm looking at
59:05it the same thing on this chart, right?
59:13You caught the top?
59:17All right.
59:18Okay, Bala.
59:24Yeah, we're snapping me back up in the
59:26range.
1:00:16It hit support, so now you're looking
1:00:18for buys. Nice.
1:00:22Once we kind of get back in that Once
1:00:24we're in this area again, I just I don't
1:00:26know. Just not going to
1:00:28I'd rather just wait for
1:00:30a better day.
1:00:36Unless I see something, but
1:00:39we try to give
1:00:40the break lower a shot, seeing if we can
1:00:43take
1:00:44our current daily lows or have the daily
1:00:46candle flip bearish.
1:00:50Then I want to continue.
1:00:52At least yet.
1:01:03I'm copy trading 500 accounts, so I got
1:01:05to be like a little careful.
1:01:11Or just a at least selective.
1:01:13Just a little more selective on what I
1:01:15try and do.
1:02:04>> But, I'm going to sit here probably I
1:02:08want to see now that the new hourly has
1:02:10been open for 10 minutes.
1:02:13I want to see
1:02:14um
1:02:17if behavior is going to change a little
1:02:19bit, like if we're actually going to
1:02:20start
1:02:22getting away from this area or if we're
1:02:23going to kind of just
1:02:25rotate a little bit, rotate towards
1:02:29later in the morning, closer to
1:02:33the meeting.
1:02:34And I'll probably just call it a day and
1:02:36come back tomorrow. But, tomorrow is
1:02:38also going to be kind of similar to
1:02:40today in the sense of I'm going to be a
1:02:42little careful
1:02:43just because it is it's going to be
1:02:45OPEC's.
1:02:46So,
1:02:49we may see potential pinning behavior
1:02:51tomorrow as well.
1:02:54I was talking to um
1:02:58I was talking to some of the other
1:02:59traders yesterday.
1:03:03Is today Thursday?
1:03:05No, no, no.
1:03:06Uh Friday is the holiday.
1:03:09Oh, you tripped me up for a second. I
1:03:10thought today was a I was like, what?
1:03:13What what I
1:03:14what I'm like my baseline expectation
1:03:18um unless something, you know, happens
1:03:20during FOMC
1:03:24is we drop down, we rebalance, we kind
1:03:27of like find balance somewhere, and then
1:03:31Whoops.
1:03:34Next week, depending on whatever happens
1:03:36during FOMC, I mean, who knows what can
1:03:38happen, right?
1:03:40But then next week we
1:03:44potentially do [music] something.
1:03:57I'm not saying that that I'm like trying
1:03:58to predict that, but that's just like
1:04:02it's what I'm trying to be cautious of.
1:04:07I hope I'm wrong. I hope we just like
1:04:09move really nice and
1:04:11I can catch some uh
1:04:12some nice trades, build up the balance
1:04:14on these funded
1:04:55Yeah, you sat out. You're glad you sat
1:04:57out, would have been a big loss on your
1:04:5910-minute orb.
1:05:03On the 10-minute orb.
1:05:05Which would have been what?
1:05:11Here?
1:05:18Is this the open? No, no, no. It's here.
1:05:25It's here.
1:05:27Oh, were you going to try and go short
1:05:28right here, Joseph?
1:05:33Was that the idea?
1:05:3510:06 short, yeah. Okay.
1:05:39Well,
1:05:41good thing you didn't take that.
1:05:44Hindsight, right? Hindsight.
1:06:01Nice, one has a pending payout. Let's
1:06:03go.
1:06:06Dude, didn't you just like run it up on
1:06:08a casino at the on the on the cruise?
1:06:10Aren't you like kind of rich now or
1:06:12something?
1:06:24Ah, bummer.
1:06:45AMA
1:06:47You're confused on whether to use heat
1:06:49map or footprint or both of them
1:06:51together.
1:06:53Well,
1:06:57they're showing you different things.
1:07:01I mean, you can use the bubbles.
1:07:03Yeah, you can use the bubbles.
1:07:06But,
1:07:07the main purpose of it I mean no, I'm
1:07:09not going to say that.
1:07:11Some people just use Bookmap.
1:07:13I use both of them.
1:07:16Or they use Heatmap, my bad. I just I'm
1:07:18so used to just saying Bookmap.
1:07:27So, like these are just resting limit
1:07:29orders, right? And then Footprint is
1:07:31showing you what what was actually
1:07:32executed.
1:07:38Like, honestly,
1:07:41I could
1:07:42I could pro- I could I could trade
1:07:44without this.
1:07:47I just like I have it, so why not just
1:07:49put it up there just to see, you know,
1:07:53where the resting limits are sitting.
1:08:01>> Didn't you say you used to be a gambler?
1:08:04What did you play?
1:08:08>> I'll gamble on anything, dude.
1:08:14A five-point range Footprint chart,
1:08:16you're
1:08:18impressive. That's impressive, dude.
1:08:22Five-point range is crazy.
1:08:31Does Heatmap show icebergs? I mean, some
1:08:34of them have iceberg indicators, but
1:08:36does do these like
1:08:39Oh, okay. Okay. You trade ES. I was
1:08:41about to say, five-point range chart on
1:08:43NQ is like
1:08:45bro.
1:08:50That'd be crazy. That that'd actually be
1:08:52crazy. Actually, let me see what that
1:08:54even looks like.
1:08:58I don't even My chart's going to freak
1:08:59out. I'm not even going to do it.
1:09:02Uh but about icebergs, like if you were
1:09:04to be looking at these levels, okay?
1:09:07You would have no idea if there was an
1:09:08iceberg sitting here.
1:09:10Until I mean, some of them have
1:09:12indicators that show you when it's like
1:09:14reloading.
1:09:16They're kind of like cycling them, but
1:09:21No, it's just showing what's publicly
1:09:22available. Also, heat map and the DOM
1:09:25doesn't necessarily show you all the
1:09:28liquidity. It's just
1:09:33resting limit orders [music] and then
1:09:36Yeah, I mean, here's the thing, like
1:09:40Yeah, the Titanic didn't know an iceberg
1:09:42was sitting there, either.
1:09:43Valid.
1:09:45It's a valid point.
1:09:49My worst loss? My worst loss actually
1:09:51came from trading crypto.
1:09:55And my biggest win also came from
1:09:57trading crypto.
1:10:10The prop firm stuff is nothing
1:10:13in comparison to that.
1:10:17It's how you make a It's how you make a
1:10:18grown man cry.
1:10:21Watching your net worth dissolve before
1:10:23your eyes.
1:10:32Sell out early ever would have been a
1:10:34huge gain, but you sold.
1:10:36Um
1:10:38I One time I traded SafeMoon right
1:10:40before it crashed.
1:10:43Did I lose any hair? No, but I cried a
1:10:45little bit.
1:10:53No, I never really traded ICT like that.
1:10:55Although, some of the concepts are very
1:10:57similar to auction market theory. And
1:10:58then I do use sessions, which I know ICT
1:11:01traders use it, but ICT didn't invent
1:11:03the concept of using sessions.
1:11:05My biggest loss in crypto
1:11:07I
1:11:08um
1:11:09there was [clears throat] one day
1:11:10I actually know the day. It was May
1:11:1219th, 2021.
1:11:15I woke up. I was down 20 grand.
1:11:19And of my actual money, not like, you
1:11:21know, sim funds or whatever. I was down
1:11:2320 grand. I go to work. By lunchtime,
1:11:26I'm down 30 grand.
1:11:28By the time I'm driving home,
1:11:30I'm down $45,000.
1:11:34Turned on some sad music.
1:11:37Had a little bit of cope saying it's
1:11:38going to come back.
1:11:41I never realized the loss though, okay?
1:11:43So,
1:11:44little little different. It's a little
1:11:45different cuz I never realized loss
1:11:47because what type of idiot
1:11:50If you're going to hold it, just hold
1:11:52it. You know what I mean? Like just hold
1:11:53it through the drawdown. Although, I was
1:11:55watching it um
1:11:59And I think it peaked at I was down like
1:12:01$54,000 on the day at one point.
1:12:08Yeah, I kind of wanted to throw up.
1:12:10But then, you know, there's been times
1:12:13of how crypto and I have been up
1:12:17a lot.
1:12:23Cuz I started trading I I started like
1:12:25buying
1:12:26So, back in 2017, I started trying to
1:12:28trade crypto on spot.
1:12:31Uh just like buy low, sell high type of
1:12:33deal.
1:12:34Um
1:12:37And that didn't really work out too
1:12:39well. I mean, there were some that I did
1:12:40pretty well on. Uh where I did like 10x,
1:12:4320x.
1:12:44Uh especially back during like 2017 and
1:12:47then also during the bull run on 20
1:12:49during 2020.
1:12:51Um
1:12:54There were some decent
1:12:55coins that I kind of bought early and
1:12:57then sold out that I actually sold.
1:13:00They're also coins that I've round
1:13:01tripped multiple times. For example,
1:13:03XRP. I have a ton of XRP.
1:13:06I have watched that portfolio on XRP
1:13:10go up six figures and then drop
1:13:14what would make somebody throw up and
1:13:16then go back up. You know, I've round
1:13:18tripped it and I still hold it, but
1:13:21it's kind of like my lotto, my lotto
1:13:22bag. I've been holding that stuff, that
1:13:24XRP now for uh
1:13:29Are we going to push out of this right
1:13:31now?
1:13:32I've been holding that XRP for like six
1:13:34or seven years.
1:13:45Uh
1:13:46Paulo, let me see if I could
1:13:49Thought you're not in there anymore. You
1:13:50might need to verify.
1:13:52You might need to verify your Discord
1:13:54like
1:13:55like I'll give you the role for it.
1:13:58All right, we're getting back above 475.
1:14:00I want to see if we're actually going to
1:14:01get out of here if we're going to
1:14:04Although I'm kind of leaning more
1:14:05towards this not trading today.
1:14:08Unless I uh
1:14:10see something, but
1:14:13Yeah, dude, crypto is crazy. Um
1:14:19So, yeah.
1:14:24Although it's awesome though. I mean, I
1:14:25I
1:14:26I am green from all of my crypto
1:14:29endeavors and I do hold a bag, but
1:14:36It's long game, bro, and it can just all
1:14:38be just nothing, you know.
1:14:47It could all just go to zero.
1:14:49Bunch of fake internet money.
1:14:52Cool.
1:14:54Yeah, sometimes to use some of the uh
1:14:56just because we have bots that join
1:14:57here, sometimes you have to um
1:15:01verify because we're trying to make it
1:15:04hard for the bots.
1:15:06How long have I been trading order flow?
1:15:08I've been trading order flow since the
1:15:10end of 2023.
1:15:14Started with only using Bookmap.
1:15:17And then
1:15:19the towards spring of 2024, I started
1:15:22using footprint charts.
1:15:31And at first when I first started using
1:15:33footprint charts, I have no idea what
1:15:34the hell I was looking at.
1:15:38But now, order flow is becoming very
1:15:39popular, which is funny because
1:15:43about a year and a half ago or a year
1:15:45ago,
1:15:46I was talking to um
1:15:48Eddie, the the owner of the Discord,
1:15:51right?
1:15:52And I was telling him, I'm like, "Watch,
1:15:53dude. Order flow is about to become like
1:15:56the next big like everyone's going to be
1:15:59like looking at order flow."
1:16:01And [clears throat] it's happening now,
1:16:02which is cool.
1:16:04So, I want to see if we're going to
1:16:05break out of here.
1:16:07Um
1:16:08I may try and take a continuation.
1:16:18If we push down right now without
1:16:20pushing up, we push down right now, I
1:16:21might actually try and take it.
1:16:27I want to see a strong push.
1:16:30Sellers hitting the bid, failure.
1:16:33Then I might just might just go for a
1:16:34continuation.
1:16:46>> I'm going to try it. I might
1:16:48um
1:16:52I might add into it.
1:16:57But I'm trying to trade a breakout when
1:16:59we're kind of like
1:17:00chopping a little bit. So, I'm going to
1:17:02move my stop to
1:17:06break even if we start pushing pretty
1:17:08aggressively.
1:17:10Dude, what the heck? Get this out of my
1:17:11way.
1:17:13This is going to be the last trade I
1:17:14take today, though.
1:17:34So, we're going to risk 500.
1:17:36Um stop is sitting below this area. I
1:17:39don't want to see us get back below
1:17:41here.
1:17:42Otherwise, I might obviously it's going
1:17:43to stop me out, but
1:17:57Uh yeah, a lot of order flow triggers on
1:17:59IG for sure.
1:18:01For sure.
1:18:12Am I friends with NY Levi or NQ Levi? Uh
1:18:17I do not know who that is.
1:18:22I say that in the most respectful way
1:18:23possible.
1:18:34Well,
1:18:36wha wha wha we're not being able to push
1:18:39higher.
1:18:41Let's see if we can stay above this. If
1:18:43not,
1:18:44uh-oh.
1:18:47Uh-oh. Now, we're done for. We can't
1:18:49hold above it.
1:18:51Uh if order flow becomes the new ICT,
1:18:54does that make order flow yet less
1:18:56useful due to alpha decay?
1:18:59Well, order flow is not a strategy.
1:19:02And the edge is not from the tool.
1:19:04It is from how you read it.
1:19:06So, alpha decay is does not
1:19:09it's not it doesn't hit the it's not the
1:19:12same. And you got to remember that
1:19:13majority or a lot of traders are trading
1:19:16prop firms.
1:19:18Which means
1:19:20they do not exist.
1:19:22The market never sees them.
1:19:25Now, does that mean that alpha decay,
1:19:27you know, can be a thing? Well,
1:19:29there are plenty of ways that people use
1:19:32order flow, though.
1:19:36You know, you got people who use TPO
1:19:37charts. You got people who use
1:19:40all different types of strategies or
1:19:41ways that they read
1:19:43the data.
1:19:47So, we're going to get stopped out right
1:19:49now. We're going to be down 2,500.
1:19:53And
1:19:55I'll just call it a day.
1:19:57I sat here and I said to myself, I'm
1:19:59kind of I'm kind of disappointed in
1:20:01myself because I did sit here and say,
1:20:04"All right, we're potentially going to
1:20:06chop.
1:20:07You got to be really careful about
1:20:09breakouts." And what are the two trades
1:20:11that I try and take?
1:20:14Two breakouts.
1:20:17This guy might be a
1:20:19I just might be a genius. You know what
1:20:21I mean?
1:20:22But, it's okay.
1:20:33Is Jimmy Jumbo my brother?
1:20:35No, but he's a beast. He's a beast of a
1:20:38trader.
1:20:40I actually found out about him recently.
1:20:41He's pretty cool.
1:20:43I see uh
1:20:45See, he's killing it.
1:20:58All right, 15 minutes opening up. We're
1:21:00too close to my stop loss. It's probably
1:21:02going to pull back and take me out.
1:21:06Is that a
1:21:07Is that a GIF? Is it not working? Let me
1:21:09see if I can change the permissions.
1:21:18Embedded links.
1:21:20There we go.
1:21:21Hopefully that works now.
1:21:26Let me see if it works.
1:21:35There we go.
1:21:38All right.
1:21:40So, tomorrow I'm also going to
1:21:43um
1:21:45I'll be streaming tomorrow.
1:21:47But
1:21:50the fresh PAs are now down 500.
1:21:59A lot of Asian order flow traders as of
1:22:01recent.
1:22:04I want I don't know. It's
1:22:06It's weird.
1:22:10All right, so I'm kind of disappointed
1:22:12in myself today to be honest.
1:22:15We go
1:22:17anticipate chop.
1:22:19I say
1:22:20All right, I'm going to be careful about
1:22:22breakouts.
1:22:23And then what what do I do?
1:22:27I do this.
1:22:32I did Dude, I did this on um
1:22:36Monday.
1:22:38I think I did this on Monday.
1:22:42It's
1:22:49I'm an idiot.
1:23:10Here,
1:23:12uh let me see if I could fix that,
1:23:13Raymond.
1:23:18You got to be verified. Try now. Try and
1:23:21type in the chat now.
1:23:27Bro, $2,407 lost
1:23:30is it's enough.
1:23:33What do you mean?
1:23:42I'm copy trading. Five accounts.
1:23:51Yeah, so we hit break even on the first
1:23:52trade and then I took a
1:23:5550.0
1:23:57on the second trade.
1:23:59So, we hit my daily loss limit basically
1:24:01for these uh these funded accounts.
1:24:03We're down 500 bucks on them.
1:24:05times five
1:24:07which is why we're down 2,400.
1:24:10So, I'm a um
1:24:12Well, I have to stop trading.
1:24:17It is what it is. Not the end of the
1:24:18world. It's only $500. We we it back.
1:24:21We'll just
1:24:22come back tomorrow.
1:24:23We got to be careful again tomorrow,
1:24:24though.
1:24:27What's my daily risk limit? $500 per
1:24:29Typically $500 per on new accounts, $500
1:24:33per account.
1:24:35Is my daily loss limit typically.
1:24:37While I'm working to build the balance
1:24:38up.
1:24:40But once the balance gets bigger, like
1:24:42once it starts getting towards 4 to
1:24:435,000, I start risking more.
1:24:46But it also depends like how many
1:24:48funded accounts I have.
1:24:53Sometimes on certain accounts I'll be
1:24:54more aggressive if I have a bunch of
1:24:55fundeds.
1:25:00So,
1:25:02it's going to be it for me today. My bad
1:25:03if anyone copy traded me today. My bad,
1:25:05dude.
1:25:06Yeah, it is what it is.
1:25:09We had a good day yesterday, not the
1:25:10best day today.
1:25:13One break even, one L.
1:25:15I'll be back tomorrow.
1:25:16Catch you guys later.

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