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🔴LIVE TakeProfitTrader 50K Challenge | Day 3 | Naked DOM Scalping (ZB) During London-NY Transition — Transcript

by The Stoic (Futures) Trader · 5,614 words · 1,179 segments · language en · Watch on YouTube

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0:01What's happening traders? I hope
0:04everyone is having a great week and
0:06finding some profitable opportunities in
0:08the markets.
0:10Welcome to day three of the take profit
0:13trader funded challenge.
0:15And if you have missed the first [music]
0:17two sessions, you'll find a link in the
0:20description to the funded challenge
0:22playlist where all previous recordings
0:25are organized in [music] one place.
0:28And I will also be uploading the
0:30remaining sessions from this journey
0:33there as we progress.
0:36With that covered, [music]
0:37let's jump into today's market.
0:41We're currently trading through the
0:43London session and we are approaching
0:47the New York open in about 28 minutes
0:52from now.
0:53So basically, [music] we are currently
0:56also in the pre-open of the New York
0:58[music] session.
1:00Uh,
1:01which is a period where liquidity often
1:03begins to expand
1:05um or volatility uh deepens and you
1:09know, and institutional participants
1:12become uh increasingly visible.
1:15Now, these conditions [music] frequently
1:17create an environment where price
1:20rotates between well-defined short-term
1:23value extremes.
1:25Uh, when that happens, um you know,
1:27several [music] characteristics
1:29I guess you can call it tend to emerge.
1:33Uh, one, liquidity pools [music] become
1:36easier to identify and remain relatively
1:39stable. Two,
1:41market participants are often more
1:43responsive [music] than aggressive.
1:46Three, inventory imbalances are
1:49corrected quickly.
1:51And four,
1:53failed breakouts tend to [music] occur
1:55more frequently.
1:57Now, for traders using an order flow
1:59approach, these conditions can be highly
2:03favorable.
2:05This is where understanding real-time
2:07[music]
2:08liquidity shifts
2:10um interpreting participant or crowd
2:13behavior and making decisions [music]
2:15through the lens of game theory
2:18can provide a meaningful edge.
2:21So, the goal today is simple.
2:23Remain patient.
2:25Stay aligned with the order flow
2:27and [music] focus on high-quality
2:29opportunities as they develop.
2:32So, let's see what the market has in
2:34store today and whether these conditions
2:37[music] can provide us a few solid
2:39trading setups.
2:41Now, before I actually start to take
2:44positions,
2:45um I like to point out that it is
2:49Wednesday,
2:51June 3rd, and
2:52>> [music]
2:53>> almost, you know, 5 minutes after 3:00
2:56p.m. or 1500 hours military time.
2:59[music]
3:00Um now, if I look
3:03here,
3:04right? So, June 3rd and
3:08no
3:09>> [music]
3:09>> data or results so far
3:12since I did not start the session,
3:15obviously.
3:17Um
3:19here we can see
3:21that I am
3:23on the Take Profit Trader Funded
3:25Challenge account, right? So,
3:28yesterday's imbalance is also added
3:32um to the account and
3:37let me also pull up this year's screen
3:39because yesterday after ending my
3:42session, I did not see the [music]
3:44results immediately
3:46or in real time.
3:48However, today they should be added.
3:50[music]
3:51Yeah, there you go, right?
3:54So, uh
3:55>> [music]
3:56>> these are the results from Monday.
3:59>> [music]
4:00>> These are the results from yesterday or
4:02Tuesday, right? June 2nd.
4:05And we can see that
4:07my closed P&L 1.2
4:10K.
4:11Right? And
4:13the trade summary area is also
4:17now updated.
4:19Right?
4:20So.
4:25And all the entries and exits [music] or
4:27positions that I've taken.
4:30Right? So, uh let's see if by the end of
4:34this trading session
4:36if we will have an immediate update or
4:38real-time or
4:41you know, perhaps uh end of day again,
4:43but
4:45we'll figure it that out.
4:48So, let's have a look at our
4:51order books, right? So,
4:55basically still trading the US Treasury
4:58bonds, right? Uh specifically [music]
5:00the 30-year
5:02Treasury bond.
5:12All right.
5:32Now, if we look at the 30-year
5:36this level [music]
5:38from the looks of it
5:40seems to hold
5:44pretty strong.
5:46Right?
5:51And we do see
5:53a kind of a low volume node here. So,
5:56let me [music] try to
5:58catch a buy position here.
6:01Looking at the context and in [music]
6:03which case the
6:0530 level here could act as my protection
6:08point.
6:11We had prior to that a weak,
6:16you know, activity from sellers.
6:20Yeah, so the 10-year is already at the,
6:23you know, low volume node or pressure
6:25point, right?
6:28And let's see if it crosses. [music] And
6:30yeah, from the looks of it,
6:32buyers are definitely dominating, but as
6:34soon as,
6:36you know, the price gets there,
6:40uh to that pressure point,
6:42I already
6:44start to see
6:45a little shift in dynamics. And
6:51it was a bit aggressive, right? That
6:53short position that I just took into
6:55that missed a buy [music]
6:57position here.
6:59Um
7:03but as soon as the buyers, you [music]
7:05know, reached that, um pressure point
7:08here,
7:09there was no real follow-through. And we
7:11can already see,
7:13right? That, you know, the
7:16uh buyers are getting less aggressive.
7:19And the sellers are
7:21pulling out their
7:22ask contracts.
7:26All right?
7:30So, and look at here, the sellers
7:32definitely took over
7:35this year [music] price level at 150.
7:38And the volume profile is thickening
7:40there. So,
7:43so far the buyers have no real follow
7:45through, but
7:48I will just have my, you know,
7:51eyes on the 30-year.
7:55Here I do see that the buyers are still
7:58engaging, right?
8:00And what I would like to see is this
8:02year ask level getting bigger, [music]
8:04obviously, like that.
8:06Um okay, so there you go.
8:09Exactly as I anticipated, right? And you
8:13know, that information is, you know,
8:16basically buy trading in the now, right?
8:19>> [music]
8:19>> Um yes, we saw that there was, you know,
8:22buying pressure, but at some point, you
8:25know, the bid ask dynamics uh
8:29changed
8:30in my favor, right? So [music] I missed
8:33that buy position, but I scalped it back
8:36with one tick,
8:38basically selling into that missed buy
8:40opportunity. [music]
8:42Um
8:43And now that the price is back at this
8:45year low volume node on the 30-year,
8:49right?
8:50We do see a little bit more absorption
8:53from the buyers, so
8:58they even pulled out, and now they are
9:00testing this year ask level.
9:05Uh yeah.
9:08>> [clears throat]
9:09>> Now let me try to catch that buy
9:11position. [music]
9:14Where this year 30 price level could
9:18again act as somewhat as my protection
9:20point,
9:22should the price unexpectedly, [music]
9:25you know, go against me.
9:28Yeah, so now we see that the aggression
9:31[music] of the sellers is already
9:33decreasing in comparison with the
9:34previous attack,
9:36and we do see that the buyers are
9:38absorbing.
9:39Right? I'd like to see get these numbers
9:42bigger.
9:49Here the [music] sellers are not even
9:51printing at the 30 price level, right?
9:55So, what I would like to see is now that
9:57the buyers
9:59taking more market orders, this number
10:01[music] getting bigger.
10:05We already see somewhat of a back
10:07ticking going on on the 10-year, but
10:12it was just a small test, and there you
10:14go.
10:16Yes.
10:21Now, should the second [music] attempt
10:24indeed
10:25cross this year pressure point, right?
10:30Uh hopefully
10:32that will give me the opportunity to
10:34[music] benefit from two ticks
10:36as well on the 30-year, right? And if
10:39not,
10:40I could always consider exiting,
10:42obviously, with one tick.
10:46Um
10:47So, now [music] we can see that
10:49basically these two levels, right? 140,
10:52145,
10:54um could act as the area where I should
10:58keep an eye on things, right? Because at
11:01this year 145,
11:03as long [music] as the buyers stay in
11:04control,
11:06um I should be good on the 30-year with
11:09my position, [music] even though they
11:11may attack here.
11:13Um
11:14you know,
11:14>> [music]
11:14>> I'd like to see indeed some absorption.
11:17No sellers lining up here.
11:20Okay, now the conditions basically
11:21[music]
11:23flipped on the 10-year.
11:26So, the buyers are getting less
11:27aggressive, and the sellers did [music]
11:29take over, but
11:31let's see how the bid levels react here.
11:36So far, we do see a little bit of
11:38absorption and buyers deliberately
11:41reducing their bid contracts, right?
11:44Same thing happening here.
11:47And the sellers keep attacking.
11:50Let me try to [music]
11:53exit at my entry.
11:55And
11:56oh, yeah. I
11:58I wanted to
12:00catch a position here, but
12:03um you know, getting in at a better
12:05price.
12:08However, I missed it.
12:20And I also have to keep in mind that in
12:23about 15 minutes, the New York will
12:25open, right?
12:27At 3:30 p.m. or 1500 hours and 30
12:32minutes.
12:35Okay, a lot of absorption going on.
12:42Yeah, I'm going to re-enter [music] for
12:44that buy that I basically missed
12:46earlier.
12:54As long as the buyers can clear this
12:56year level,
12:58I should be good.
13:10So, so far, one win, one break even.
13:18All right.
13:33>> Small attack of the sellers.
13:43Oh.
13:45Nope, I'm getting out. I'd rather Oh,
13:48wait a minute.
14:05Right.
14:09Uh-oh, let's see if the buyers can clear
14:11this year level. Yeah, they just did.
14:16And now I'd like to see that buyers are
14:18lining up here instead of sellers,
14:20right? That will give me the confidence
14:21to hold on to my position a little bit
14:24longer.
14:32And there you go.
14:33Right.
14:35So, probably [music] a, you know,
14:40lure trade.
14:43However,
14:44I don't see the 30-year react as much as
14:48the 10-year though.
14:50So, we are not out of the [music] clear
14:52yet.
14:53Yes, buyers.
15:00Okay.
15:05Now, the buyers deliberately pulled out
15:07their contracts here to keep sellers
15:08[music] engaged, obviously, right? And
15:11currently they are not printing here.
15:14And now they did, obviously, and
15:17they're now defending [music]
15:18themselves.
15:19>> [snorts]
15:20>> Let's see.
15:23Right, so they cleared that level at 30.
15:30And now sellers do tend to line [music]
15:32up. However, they immediately cleared
15:34that level again.
15:37So that 30 price level [music] is indeed
15:41acting as my protection point at this
15:43point.
15:45Um
15:48so far the sellers are unable to, you
15:51know,
15:53print at the 20 price level, right?
15:59I do see a little bit of absorption
16:01though [music] on the 10-year.
16:08I do see some block trades here, which
16:10could be concerning
16:12if there is a
16:14uh
16:16uh
16:19No, okay.
16:26Right.
16:27Let's see.
16:34It's sometimes pretty hard to keep up
16:37with all the changing numbers, right?
16:40Both horizontally and diagonally and
16:43especially on two downs, but
17:29>> Okay, on the 30-year, I do see that the
17:32buyers are
17:33the aggressors.
17:40I would just, you know,
17:46uh
17:53Yep, the buyers
17:56tend to line up there.
18:04Okay, so now the sellers have a little
18:06bit more difficulty.
18:11And on the 10-year, the buyers are
18:13already start to back tick.
18:30I do see a little bit of absorption on
18:33the 10-year from the buyers.
18:42And these are those times that, you
18:46know, sometimes you have to let your
18:48trade play out a little bit
18:50and give it a little bit of a breather,
18:53right? Because, yeah,
18:57I am going to exit [music] with two
19:00ticks of loss.
19:06Or at least I'm [music] going to try to.
19:25>> Oh, wait a minute.
19:46Right.
19:48So, I definitely see him back to take
19:50action.
20:11Uh-huh.
20:16Now, the only reason why I was confident
20:19in,
20:20>> [music]
20:20>> you know,
20:21or, you know, stupid, however you want
20:23to call it, to hold on to my position
20:26was because I noticed that the volume
20:29profile was thickening,
20:31and
20:32obviously, [music]
20:34how the buyers were reacting to the
20:36sellers here. So, this could be a
20:38potentially a you know, lure trade,
20:41right?
20:43And
20:44if we look at it on the [music] 10-year,
20:54let's see if the buyers can push through
20:56this year level.
21:04We do see [music] that the buyers
21:06basically took back control over the
21:08current price level at 20.
21:20And we do see the [music] same thing on
21:22this year
21:24price level at 140.
21:44All right. So, the buyers are trying to
21:46push out of
21:48or above that 140 level, right?
21:52And now we do see basically [music]
21:54the same configuration as we saw at the
21:57start of the
21:59video or trading session, right?
22:03So, uh
22:09There are definitely
22:10buyers sitting there, obviously,
22:13who were willing to absorb, [music]
22:16you know,
22:18those uh selling contracts.
22:27And again, pretty aggressive attack
22:29[music] from the sell side.
22:32And let's see the bids are basically
22:39Yeah, they are now reducing
22:41to see if the sellers keep engaging and,
22:44>> [music]
22:44>> you know, that could be well the
22:47strategy that I was talking about of a
22:50participants [music] player, a buyer who
22:53is sitting at the 20 and 10 level,
22:56right?
22:57Who is basically, you know, absorbing
23:00all the contracts from the sell-side
23:03and you know, uh obviously takes market
23:06orders as soon as the sellers clear that
23:08level
23:10to basically
23:11control the pace of, you know, selling
23:14[music] exhaustion.
23:28All right, so the attack is again
23:31weakening and look at this, right?
23:33This was lower volume node than this
23:36year level and now [music] it suddenly
23:38got, you know,
23:40a bit thicker.
23:41The buyers took back control [music]
23:43over that level.
23:46And the sellers are still keep pushing
23:48it, right? And that is
23:51probably the intention of this year
23:53passive player
23:57because he also, as soon as, you know,
24:00the attack weakened, he took market
24:02orders, right?
24:04And now he's [music] taking smaller
24:06market orders to keep those last wave
24:09of, you know,
24:10breakout traders [music] or sellers
24:13engaged,
24:15but they are definitely determined from
24:17the looks of it also on the chain here.
24:20So,
24:25if that buyer realizes [music] that, you
24:28know,
24:29there's a bigger player probably than
24:31him
24:32or her,
24:33he may puke out at break even and
24:36that definitely will drive the price
24:37lower. So, I have to be cautious.
24:41Um
24:42that's why, you know, I'm
24:46trying to keep [music] my
24:47eyes on
24:49both the
24:5110 and 30 year bid ask levels, how they
24:54react and
24:55you know, looking at the inside print
24:58horizontally and uh and diagonally.
25:05I still do see a little bit of
25:07absorption, which is good.
25:10No back ticking though, so
25:13that could be the first sign and
25:15perhaps the buyer is doing that
25:16deliberately, right?
25:18I'm getting out guys.
25:20I don't
25:21feel like taking the risk
25:24anymore at this point.
25:29And even though we do see some back
25:31ticking going on on the 10-year.
25:34Yeah, so
25:37went up
25:38in the green 187 and [music] $50,
25:43right? And now down in the red.
25:47But it's okay because in a couple of
25:49minutes,
25:51three to be exactly
25:53the New York session will open.
25:56And you know, when all those basket
25:59orders, you know, get filled the
26:03price may behave very chaotic
26:07in the first [music] couple of minutes.
26:09Now, not always,
26:11but you know, that's why I rather
26:14would like to sit out for a couple of
26:17minutes, you know, and
26:20just let [music] the market do its
26:22thing.
26:29Because at this point,
26:31I rather be
26:34observing
26:36and you know,
26:38instead of getting too aggressive.
26:52Yeah.
26:58So, now the move
27:00eventually may play out, right?
27:05If the New York helps, you know, the New
27:08York open, if it helps the buy side.
27:12So, basically that participant
27:15could be accumulating inventory, right?
27:18Before the bell opens and
27:23let's see though.
28:07Now, it's very tempting to look for a
28:10buy position
28:13because I do see
28:15>> [music]
28:15>> absorption now because the price is now
28:17one tick higher passing the 140 [music]
28:20level.
28:22Right? And
28:24even though the sellers are trying to
28:26keep control
28:29there's definitely [music] some
28:30absorption going on.
28:39Yeah.
28:41Look, there's definitely a hidden order
28:44which is so solid.
28:46Right?
28:49And after that level got cleared, just
28:52five contracts were printed here.
28:57And we just had the New York open.
29:04And we do see indeed a lot of, you know,
29:08numbers changing, right?
29:11And the bid and ask levels.
29:17All this looks [music] almost too good,
29:19actually.
29:53Okay.
29:55Going to try to
30:02take another buy position here.
30:39Let's see though if the buyers can,
30:41[music]
30:42you know, hold that level here.
30:47Okay.
31:13Mhm.
31:15Buyers are
31:18lining up every [music] time that level
31:20gets cleared.
31:23And the sellers are not printing [music]
31:25so far here.
31:30And we do have buyers lining up on the
31:3310-year.
31:54Okay.
31:55We can see that the buyers are becoming
31:58increasingly more aggressive.
32:01And now let's see if they can
32:05pass these
32:06>> [music]
32:06>> two price levels,
32:08which are obviously lower volumes in
32:11comparison with the 18160 [music]
32:13and 145.
32:17So, but, [music] you know, technically
32:19this could be considered one mountain,
32:21right?
32:22From
32:23170 to 140. [music]
32:27Instead of two small mountains.
32:34Right. So, the same configuration is
32:37still going on on the 30 year, right?
32:40Absorption, buyers are lining up.
32:45And now the buyers on the 10 year did
32:47clear that level.
32:50Um and again, we do see some sellers are
32:53lining up, but every time the
32:56Okay.
33:00That was a very
33:02rapid shift.
33:05So, let's be cautious, guys.
33:12Um
33:14Yeah, I do see some absorption going on
33:16at the 10 year
33:18at the 140 price level.
33:38Um the sellers [music] are currently
33:42not having an actual follow-through
33:45after, you know, basically taking down
33:48one tick on the 30 year and two ticks on
33:51the
33:52uh 10 year, I believe.
33:55And we still have absorption occurring
33:58on the 140 level over at the 10 year.
34:06And here on the 30 year, we can see that
34:09the current attack is, you know,
34:13not as aggressive [music]
34:17in comparison with that on the 10 year.
34:43>> Okay.
34:46Let's see how the ask level over at the
34:5010-year reacts, right?
34:54Now that the buyers are
34:57engaging at the 140
34:59five price level.
35:14Okay.
35:16The buyers indeed did clear that level
35:18and immediately that also reflected it
35:21on the 30-year.
35:27Now let's see if they can follow
35:29through.
35:33And on the uh
35:3710-year, we can see already that the
35:39attack [music] of the sellers is
35:42you know, smaller in comparison with the
35:44previous uh attack, obviously.
35:56Let's see if the buyers are indeed able
35:59to, [music] you know,
36:02um
36:03cross those price levels at 150 and 155.
36:10If they can push through
36:13and we do also see uh you know, block
36:16trades at the ask levels.
36:22Let's see how they react as soon as the
36:25buyers again, you know,
36:28uh
36:28clear [clears throat] the current ask
36:30level and if they clear it, right?
36:33Um how those,
36:35you know, limit orders will react.
36:49Right, and I also see a lot more back
36:52tick action from the buyers now.
36:55So basically they lift the offer and
36:57when the sellers attack,
36:59you know, they absorb and
37:02back tick, right?
37:07And that could be an indication for some
37:10sellers, right, to get scared
37:13perhaps to get rid of their positions
37:16and
37:19because if they don't, you know, see
37:21that the sellers are attacking as
37:24aggressively as before.
37:27Um okay.
37:34Let's see.
38:13I will just exit [music] at my entry yet
38:16again. So another break even trade
38:20because I do see, you know, rapid
38:23changes in the order book now and
38:27I don't believe it will be
38:30in my benefit.
39:27Now, keeping in mind that you know
39:34there still could be a part passive
39:36participants at these levels, right? So,
39:38yes, the price [music] may
39:40take back, you know, one, two takes.
39:45Let's see.
39:56Yeah, I mean, the sellers are really
39:59pushing, right?
40:07Ah.
40:18That was purely a reactive [music] or
40:21responsive entry though.
40:26Perhaps not the
40:28ideal
40:30you know.
41:08Just in case.
42:08Okay.
42:59>> Right.
43:43Okay. So, you guys notice that we saw a
43:48change in the order book.
43:53And I see that the chain year is
43:56basically trading on the point of
43:58control.
43:59So, if it goes above, it may reflect on
44:02the 30-year, and
44:06as long as the sellers can manage
44:09the buyers at the
44:12you know, current level of 20.
44:16Now, I'm getting out. No, I don't trust
44:18it.
44:20Again, another break even, guys.
44:35Okay, I do see a little bit of
44:36absorption.
44:39But, look, the buyers are definitely,
44:41you know,
44:42making an attempt
44:46to pass this year, you know, point of
44:48control, right?
44:56And, you know, if that also [music]
44:58tends to happen on the 30-year.
45:10And now I do see absorption. [music]
45:19I think perhaps I may have
45:22exited my position a bit too early.
45:26But,
45:27I can accept that.
45:29However you look at it.
45:33I rather pay only the commissions.
45:36And, you know,
45:38reassess.
45:42And perhaps even wait for a little bit
45:44more confirmation, but sometimes that
45:46can be too late to join the ride.
45:50But, that's fine. It all comes down to,
45:53you know,
45:55making a decision. Because,
45:59yeah, like exiting at your entry, it's
46:03not because, you know, you're chickening
46:05out or something, right? It's just a
46:07strategical decision.
46:10Uh with mainly focus on risk management,
46:14um
46:15you know, is it worth it?
46:17Hm, I already took, you know, a two-tick
46:20[music] loss. Um so, I already have to
46:23make up for that to reach the
46:26uh daily net profit target of $600.
46:31And yeah, now [music] it actually may
46:33go,
46:35but I'm no longer in my position.
46:40And yeah, that can happen, right? Um
46:45We are not perfect. The markets are not
46:47perfect.
46:55And everyone has a, you know, different
46:57look at the markets.
46:59>> [music]
46:59>> I may see something,
47:01uh while you may see an entire different
47:04thing.
47:05But at this point, I
47:08do believe
47:12that I indeed got out of my sell
47:15position a bit too early.
47:24Uh you see,
47:26it's interesting because
47:29at one point, you can say, "Yes, the
47:30sellers are, you know, dominating the
47:33game."
47:35But then, you know, a couple of seconds
47:37later, we see an entire different thing.
47:40As soon as the bid-ask dynamics shift,
47:44right?
47:45We saw earlier a thinning of the order
47:47book.
47:49And you know,
47:57and at this point [music] it looks again
48:00a bit different, right?
48:06Going to try to catch a buy position
48:09here.
48:11And perhaps I can [music] just catch a
48:13tick here and there instead of, you
48:14know, targeting, let's say, three, four
48:17[music] ticks.
48:19Um
48:21which eventually will make [music] up
48:23for that
48:25loss and hopefully also to, you know,
48:29uh reach that daily net profit target,
48:32right?
48:35So, let's just see.
48:39I already missed [music] two
48:40opportunities. If I had, you know,
48:43scalped it with one tick. [music]
48:59Now, the reason why I am considering a
49:01buy position here
49:04is at this point, yeah, I somewhat have
49:07more confirmation that there is
49:09definitely a big player sitting at
49:12around these levels.
49:15And, you know,
49:17I believe it's the
49:19>> [music]
49:20>> third time
49:22that when the price dips there, that the
49:24buyer, you know, takes over control or
49:26lifts the [music] starts to lifting the
49:28offer.
49:30Um
49:34that's why
49:37I'm not chasing price.
49:42And okay, [music] so my position
49:44definitely got filled.
49:49Now, we do see again that, you know,
49:53the sellers are becoming aggressive
49:56[music] as soon as they hit the bid at
49:57220.
50:00Right?
50:04And on the
50:0610-year, we can see that the buyers are
50:09still in control of that level though.
50:12Um what I would like to see is indeed
50:15that, you know,
50:17um buyers become the aggressors [music]
50:19and
50:20sellers pulling out.
50:23And obviously, [music] these are getting
50:25bigger and even lining up here.
50:38So, this [music] could then be
50:40interpreted at exhaustion, right?
50:46That the buyers are reducing their
50:48contracts.
50:53All right. So, [music] the sellers
50:55cleared that level and an immediate
50:57reaction from the buyers.
51:00Not only they aligned up, but they also,
51:03you know, crossed the spread, took
51:05market orders.
51:07And currently, [music]
51:08they are defending again against the
51:11sellers or in this case,
51:14you know, uh absorbing the
51:17attack of the sellers.
51:21Now here on [music] the 10-year, we
51:23still see that yes, the buyers are in
51:26control.
51:29And now they just became the aggressors,
51:32right? So, let's see how this here level
51:35tends to react.
51:44All right. So, the bid level got bigger.
51:49Um
51:49>> [music]
51:50>> you know, and as soon as the sellers
51:52attack, they are deliberately again
51:54reducing
51:56in basically
51:58Yeah, and you saw that it just it
52:00[music] just jumped another thousand
52:02contracts. And here on the 10 year,
52:05we see that a very aggressive attack
52:08definitely cleared that level as well.
52:11So, let's see if we can have [music]
52:13that follow through now, yes or no.
52:16Otherwise, at least at the 10 year,
52:18right?
52:20Otherwise, I will consider, [music]
52:23you know, exiting my position.
52:27Hopefully for a [music] tick, right?
52:29There you go.
52:32The 10 year [music] is still engaged as
52:35in the buyers.
52:37Right, a weak attack of the sellers
52:38here.
52:40However, they do line up.
52:44Yeah, I will just take one tick, guys,
52:46to
52:47break even. And from there, I can always
52:51look for another position.
52:57Right.
52:58Okay.
53:00So,
53:01back at break even.
53:03>> [laughter]
53:04>> Wow, I'm meaning how many positions did
53:06I take in total so far?
53:09Uh six [music] six oh
53:12uh yeah.
53:15So, basically uh one
53:19two
53:21three
53:23four
53:25five
53:27six, right?
53:30Uh of which one [music] win, one loss,
53:33and four break even.
53:36Um
53:42Let's keep an eye on things [music]
53:44though because I do believe
54:18Mhm.
54:20A little bit of absorption.
55:00Okay.
55:03So over at the 10 year as long as the
55:05buyers can keep control [music]
55:08over the
55:09over the control at 140.
55:13Uh I should be good on the 30 year
55:16at the 30 price level at the point of
55:19control of my entry.
55:41>> Yeah, let's just go for that one tick.
55:44Just in case if price [music] stalls at
55:47this year, you know, low volume node
55:50or pressure point.
56:07Okay.
56:10I also see
56:11>> [music]
56:12>> that the sellers are becoming a bit more
56:14aggressive
56:17on the 10-year in comparison with the
56:20buyers if we look at it horizontally at
56:22the 150 [music]
56:23and 145 level, right?
56:36Let's see though if the buyers are
56:41keeping
56:42engaging or keep engaging, right, on the
56:4530-year.
56:47Yes, [music] they did.
56:50Which is good, which brings me back to
56:54$187.50,
56:58right?
57:04And yeah, that's the beauty of trading,
57:05right? I mean, not every day can be as
57:08perfect as we would like to be.
57:12But that's fine.
57:13As long as we, you know, learn something
57:16[music] in the process, keep, you know,
57:19developing our edge, and more
57:21importantly, keep our, you know, focus
57:24on risk management and [music]
57:26consistency.
57:38>> I'm
57:40going to try to catch another buy
57:42position [music] at this point.
57:47Hopefully at the point of control
57:50cuz now I do see that the buyers again
57:53took back control of this year price
57:56level [music]
57:57where previously the sellers took
57:59control when they pushed the price
58:01lower.
58:04Um I do see however that the sellers are
58:07pulling out deliberately so
58:10it may
58:11to engage buyers and absorb, [music]
58:14right?
58:17Uh okay.
58:21Let's see though.
58:29We
58:30Now you see the order book again
58:32thinning out.
58:33Um
58:37So let's get out with hopefully one tick
58:41instead of
58:43Oh.
58:44I will just
58:47place a stop order just in case because
58:52price just radically [music]
58:54Okay. Well, luckily it did hit my take
58:56profit.
58:58Um
59:03And yeah.
59:04There you go. This was the [music] move
59:06that I was waiting for all along.
59:11Uh but it's a good thing that I
59:13basically captured it on, you know, uh
59:16recording, right?
59:26Because sometimes we expect that move to
59:28happen and it does not it does not and
59:31you know it can play mind games and
59:34cause doubt in our minds but eventually
59:38that move that we were waiting for can
59:42play out.
59:47Let's see. Okay, that's a shame. I did
59:49not get filled unfortunately
59:52at 50.
59:56I do believe
59:58I
59:59need
1:00:01a little bit more positions [music] than
1:00:03usual
1:00:05because you know I got out at break even
1:00:09multiple times and even though it did
1:00:11not cost me
1:00:13any profits it did cost me commissions
1:00:16like $30.
1:00:19You know.
1:00:27So if I exit at my entry right
1:00:37I was not paying [music] attention.
1:00:39It is
1:00:41Let's see though.
1:00:44So far
1:01:12But yeah what I was explaining is if I
1:01:15basically exit on my break even
1:01:19I may not lose you know profits but I
1:01:22definitely have to pay up commissions,
1:01:24which is a 30 bucks for six contracts,
1:01:28right? Per tick. Uh, well, in this case,
1:01:31break even.
1:01:32>> [laughter]
1:01:33>> Um
1:01:36And obviously, you know,
1:01:39if I have winning positions, [music]
1:01:41winning ticks, I still have to pay them
1:01:44up, right?
1:01:49Okay, I do like what I see on both the
1:01:52DOMs, right? So, at the 30-year, the 30
1:01:57level tends to hold.
1:02:00Um
1:02:01And even though the sellers are
1:02:02aggressively [music] selling into the
1:02:04150 level at the 10-year,
1:02:08we did notice [music] an aggressive
1:02:10counterattack from the buyers, which
1:02:13immediately cleared that level at 155.
1:02:23Yeah, and now [music] we do see somewhat
1:02:25of a shift here.
1:02:29Right?
1:02:48Okay, so the 10-year is showing a very
1:02:51aggressive attack from the buyers.
1:02:52[music]
1:02:54A little bit of absorption, though, from
1:02:56the sell side, but
1:03:05Yes, now they basically cleared the 160
1:03:09level at the 10-year,
1:03:13the buyers, that is.
1:03:33>> Okay, very nice back taking action from
1:03:36the buyers.
1:04:00Okay, the buyers are still engaged on
1:04:02both
1:04:04the 10-year and the 30-year.
1:04:09And now we see when the sellers attack
1:04:13the 155 level over at the 10-year and
1:04:16the 40 level at the 30-year.
1:04:21Um, you know,
1:04:25it is a
1:04:26smaller, [music] weak attack in
1:04:28comparison with those of the buyers.
1:04:31And we do see that the buyers are
1:04:34absorbing.
1:04:38Yep.
1:04:39There you go. They cleared that level at
1:04:42160, but [music] also at the 50 level
1:04:45on the 30-year.
1:05:03>> [music]
1:05:15>> Just in case.
1:05:36Okay.
1:05:38Now on the 10-year the
1:05:41buyers continue [music] to
1:05:45attack the day
1:05:48again successfully lifted the offer.
1:06:02All right.
1:06:05Very aggressive attack indeed. Now this
1:06:08[music] could be the areas right where
1:06:12buyers who bought lower
1:06:15could you know
1:06:18uh get out of their positions, right?
1:06:21So even though I had my take profit
1:06:24target at
1:06:25around this level here at 90, right?
1:06:29Um these could be the areas where buyers
1:06:32also may get out by first passively
1:06:35providing liquidity through limit orders
1:06:38and then in combination with you know
1:06:42um market orders, right?
1:06:45Cuz I already see on the 10-year
1:06:48a big number printed in the inside
1:06:50prints, [music] a big red number at the
1:06:53170 level, right?
1:06:56And yeah, sure the buyers may push
1:06:58through eventually
1:06:59>> [music]
1:06:59>> to you know uh take the price higher.
1:07:04Um
1:07:08Yeah.
1:07:09Right. So,
1:07:14glad I got out at least, you know,
1:07:18at the point where I did.
1:07:22Uh let's see.
1:07:50Yeah. So,
1:07:53basically waiting patiently [music]
1:07:56to see if, you know,
1:08:00that um one
1:08:03two tick down was pure because that
1:08:07buyer, let's say, who bought lower
1:08:09earlier here got out and that reflected
1:08:12basically in the order book, right?
1:08:16That's where we can basically have those
1:08:18minor price fluctuations.
1:08:21Um
1:08:25You know, one two ticks up and [music]
1:08:27down.
1:08:28That is
1:08:40Okay.
1:08:41Sellers do line up.
1:08:45Now, the buyers do.
1:08:52Um and again, this could be because a
1:08:54buyer's getting out, but if there are
1:08:57indeed still buyers, right, who are
1:08:59willing to generate that breakout at
1:09:01this point, [music] then
1:09:03it obviously may continue. And
1:09:09that's basically what I am looking for,
1:09:11but
1:09:12so far
1:09:15Okay.
1:09:20Now it's
1:09:23going pretty fast.
1:09:26Right?
1:09:36Yeah.
1:09:38I will just uh, you know,
1:09:40place two ticks.
1:09:43Because I do believe that's all I need
1:09:45at this point
1:09:46to reach the
1:09:48net
1:09:49uh,
1:09:50you know,
1:09:53daily target. I may even consider, you
1:09:56know,
1:09:57a one tick.
1:10:01Let's just do that.
1:10:03Because again, if, you know,
1:10:06buyers who had entered here are
1:10:08passively providing liquidity for those
1:10:11buyers here,
1:10:12I can benefit from those uh, buyers also
1:10:15by placing [music] my exit here.
1:10:18If the price Oh, look at that. That was
1:10:20indeed a very quick dip.
1:10:23And that is a perfect example, right? Of
1:10:27game theory, [music]
1:10:28um, you know, whenever they occur
1:10:31in the DOM.
1:10:47Okay, so that back-ticking gave me the
1:10:49confidence to
1:10:52hold on to my position a little bit
1:10:53longer
1:10:55because this could be an
1:10:57area where buyers are deliberately
1:11:00pulling out, right?
1:11:02And then to keep sellers engaged.
1:11:06Because if they notice that, okay, there
1:11:08will be eventually a breakout, they will
1:11:10not
1:11:11initiate their breakout at the first
1:11:13attempt, right? They will first, you
1:11:15know,
1:11:16accumulate positions, [music] keep
1:11:18sellers engaged.
1:11:20However, I do see now a little bit of
1:11:24uh shift, though.
1:11:26Just wait. Yeah. So,
1:11:28that's why I basically canceled my
1:11:30[music] exit at my entry.
1:11:34Okay, now we see that same reflection
1:11:37what happened here also on the 30-year,
1:11:39which is good.
1:12:03And there you go, right?
1:12:07Now, let's see though [music] if
1:12:10the buyers are able to push out of that
1:12:13area.
1:12:19And there you go, right? So,
1:12:23I basically reached my daily net profit
1:12:28target. Let me pull up my
1:12:33take profit [music] trader order to see
1:12:37if,
1:12:39you know,
1:12:44today I definitely have an update. I
1:12:47don't know why
1:12:49it did not do that yesterday,
1:12:52but yeah,
1:12:53it is what it is. [music] Doesn't
1:12:55matter.
1:12:58So yeah, I am
1:13:00definitely consistent enough, I guess.
1:13:04Every time around $600-ish,
1:13:08right?
1:13:09So my closed P&L
1:13:12after today is 1.9k.
1:13:17Basically in 3 days by,
1:13:20you know,
1:13:21staying within the consistency rules.
1:13:24That is until I pass the challenge,
1:13:26obviously.
1:13:29So yeah, I hope you guys enjoyed [music]
1:13:31the video and
1:13:34I will continue trading tomorrow
1:13:38with the funded challenge.
1:13:41It was a good day.
1:13:42Had a bit of ups and downs,
1:13:45but you know, that's part of the game,
1:13:47right?
1:13:49I'm definitely happy with the results
1:13:53and
1:13:54I wish you guys a
1:13:57fine evening, day, afternoon, night from
1:14:01wherever you are.
1:14:03Stay blessed and I will catch you guys
1:14:05in the next video.

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