Lost -$962 on the funded accounts | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
Full transcript
- 0:04feel.
- 0:33All right, we're back for another day.
- 1:23All right. So, I'm currently waiting. We
- 1:25had a major pump before market open.
- 1:29Not a major pump, but we've been pumping
- 1:31all day. I am expecting this to come
- 1:32back, though.
- 2:10We're just going to sit here a little
- 2:11bit and just chill and wait for uh
- 2:18market open.
- 2:52Take a Look here on the daily.
- 4:10But if we are going to go lower, I am
- 4:12looking at this area right here.
- 4:15I don't really want to see it go above
- 4:21like 660 680 or else
- 4:24I don't think we're going lower. But
- 4:27realistically,
- 4:33I would like to see us retrace, not
- 4:35necessarily fill the gap, but just
- 4:37retrace back into this move from
- 4:40overnight at least half of it.
- 4:45Maybe somewhere around 52500.
- 4:51But I'm definitely not going to try and
- 4:53call the top of this right now.
- 5:23>> [snorts]
- 5:59>> Jeez, dude. What a pump on silver.
- 6:14It's cold looking. Like gold's pumping,
- 6:16too.
- 7:56I want to see this realistically come up
- 7:58a little bit more. And then
- 8:01I would be pretty surprised honestly if
- 8:03we don't at least retrace some of this
- 8:07um move.
- 8:09I'm not expecting us to fill the gap
- 8:12today though. I think it's likely that
- 8:15we do retrace somewhere into here at
- 8:17least like
- 8:19back towards the middle of London or
- 8:22Asia highs.
- 8:24But this is a pretty big
- 8:26pump pre-market.
- 8:32So, we'll see what happens. But
- 8:36we got about 13 minutes left
- 8:40until market open.
- 8:43Last night I did take a trade on silver.
- 8:45So, this is like a new funded account.
- 8:50We made like 800 on it.
- 8:53I did take a payout on this account on
- 8:56Friday. So, this is the balance now. So,
- 8:59we already we took our first payout for
- 9:022026.
- 9:04We got some funded accounts. We're
- 9:06trying to uh take our second payout at
- 9:082026, but
- 9:11I got to get some more winning days. And
- 9:14then we also have um I also have this
- 9:17account too where I just made like 200
- 9:19bucks on it last night.
- 9:22It's a brand new funded account with
- 9:25Alpha Futures.
- 9:28So,
- 9:30we are gonna try and
- 9:35not lose all of our money today.
- 9:42And also, I don't know how uh the market
- 9:46I'm not really expecting like a major
- 9:49reaction from like the news that
- 9:52happened over the weekend, but you never
- 9:54know. So,
- 9:59but I definitely don't want if I'm
- 10:01looking for price to kind of revert back
- 10:05and come back into this area. I don't
- 10:08really want price to start getting above
- 10:11like
- 10:13660 680 area.
- 10:21It's just uh that'd be a pretty crazy
- 10:23pump because right now we have
- 10:26all three sessions going in the same
- 10:28direction basically.
- 10:34So, we're going to wait for open and I'm
- 10:36going to
- 10:38look to see if there's an opportunity
- 10:40to potentially take it short at least
- 10:43back to
- 10:46pre-market lows probably.
- 10:52But I'm not going to force it or try and
- 10:56call the top of a pump.
- 11:11That's crazy. Silver is just ripping
- 11:14right now.
- 11:24What's the dollar doing? It's tanking.
- 11:48What's up?
- 11:53So, we're just going to wait. But I am
- 11:55expecting this pump to stop at some
- 11:57point. Well, I'm watching for it to
- 11:59stop. I'm not expecting it to stop, but
- 12:09it is a pretty strong pre-market move,
- 12:11though.
- 12:37I do need to make some profits on this
- 12:42account. This account's one day in,
- 12:46so I need to
- 12:49probably focus on these two accounts
- 12:51today.
- 12:59But finally the holiday season is over.
- 13:01That was
- 13:04bothering me not having full weeks. Not
- 13:06bothering me, but it just made it kind
- 13:09of weird. So, we're back to the normal
- 13:12schedule, which is chill.
- 13:22So hopefully now that it's January,
- 13:26price action is chill,
- 13:28we won't have like random days
- 13:30throughout the week where it's like a
- 13:32half day or no trading day.
- 13:37Unless we're going to try and uh
- 13:40get more funded accounts
- 13:46because so far this month
- 13:49on Friday we pulled one payout. So, and
- 13:53we haven't spent any money on
- 13:54evaluations so far because we spent the
- 13:58profits from
- 14:01December to try and build some more
- 14:03accounts. So, we're currently net
- 14:05positive on the month in January. I'm
- 14:07trying to just I think I'm going to try
- 14:10and get another payout first
- 14:13before I start buying more accounts
- 14:18and then we will try and get up to like
- 14:20eight eight or 10 funded accounts
- 14:25and then I'll probably start trading
- 14:27some of them pretty aggressively.
- 14:31But until then, we just got to focus on
- 14:37staying net positive in January.
- 14:39Realistically, it's the only goal.
- 14:52PMIs today.
- 14:54Yeah. At 10:00 a.m. Eastern.
- 15:00That's good to know. Almost forgot about
- 15:03those. Thanks for reminding me. I need
- 15:06to set an alarm on my phone.
- 15:16Yeah, happy new year. I hope you had a
- 15:17good break, too. But we're back to the
- 15:20normal schedule. So,
- 15:26I'm looking forward to 2026. I think I'm
- 15:28going to have a good year this year.
- 15:30Well, I don't know. in terms of price
- 15:32action. But in terms of my trading, I
- 15:35think I'm going to have a good year this
- 15:36year.
- 15:38As long as I just don't
- 15:41start tilting.
- 15:46So, we're going to try and make sure
- 15:47that doesn't happen.
- 16:03But yeah,
- 16:05in case you just joined,
- 16:08um, we are pumping up, but
- 16:11preferably like I would want to see us
- 16:14actually
- 16:16retrace
- 16:17this pump.
- 16:21Not the whole thing, obviously. I don't
- 16:23think we're going to fill the gap today,
- 16:25but I just
- 16:29Well, I definitely hope we're not going
- 16:30to just like pump all day because then I
- 16:32probably won't even take a trade.
- 16:37Go charting.
- 16:39I've never heard of it.
- 16:43Uh it will automatically scroll the
- 16:45footprint if we start like if we just
- 16:47start pumping right here right now or we
- 16:49start melting
- 16:51um it'll follow it.
- 16:55So you don't have to always move your
- 16:56charts around.
- 17:00But Bobby, let me know how you like go
- 17:03charting. I've never heard of that
- 17:04before.
- 17:06Probably take a look at it.
- 17:20Oh, web base. That's pretty cool. It's a
- 17:25web-based footprint chart.
- 17:29Are you able to use it on your phone?
- 17:42Did this candle this hourly candle open
- 17:44without a wick?
- 17:48No, it was a tiny wick.
- 17:57On New Year's, I did nothing, dude. I
- 17:59went to sleep. I'm like a old person.
- 18:14It's like a copy of Trading View, but it
- 18:16has footprint though, right? and not
- 18:17like a [Â __Â ] footprint like the
- 18:19footprint that Trading View has. Is it
- 18:21like uh actual level two data?
- 18:36All right, we got a couple minutes to
- 18:38market open.
- 18:55Oh, it's pretty cool.
- 19:00Footprint on mobile.
- 19:03I have to check it out.
- 19:28How much do they charge for it? Like
- 19:30what's the subscription?
- 19:52So, I'm kind of expecting us to
- 19:56to push into this area, but
- 20:01I would I would be pretty surprised,
- 20:02honestly, if we just like rip all day
- 20:06and then take these highs. We end up
- 20:09taking these highs, I would be pretty
- 20:11surprised,
- 20:13but it's, you know, obviously a
- 20:14possibility. So, need to keep that in
- 20:17mind.
- 20:20But I would like to see this at least
- 20:21come back down a little bit because I
- 20:24don't I don't even feel comfortable
- 20:26trying to long this right when it's
- 20:31just pumping.
- 20:38Because at this point, realistically,
- 20:42the only target for a draw would, you
- 20:44know, be these highs basically
- 20:48to the upside.
- 20:57All right, so market just opened. See
- 21:00what it wants to do.
- 21:05There's a
- 21:08What the hell is happening?
- 21:10My data is delayed.
- 21:16That's not good.
- 21:29Hold on. Let me see how my data is
- 21:30delayed.
- 21:38Yeah, Rhythmic has a data delay right
- 21:40now,
- 21:41so I have to wait.
- 21:54Well, that's a bummer.
- 22:04You can't see it on my chart, but at the
- 22:06top there's like a market data latency.
- 22:09It's like 33,000 milliseconds. So, it's
- 22:12pretty late right now. It's pretty
- 22:14delayed.
- 22:24I'm going to actually try and attempt a
- 22:27short position right now.
- 22:32But I'm going to need kind of like a big
- 22:34ass stop loss. My bad.
- 22:38But I want to see us basically retrace
- 22:42if we just pop back up because
- 22:45we're technically below the buyers right
- 22:47now.
- 22:49But if we just pop back up, then
- 22:51whatever. I'll just take the L and this
- 22:54account will be pretty close to being
- 22:56blown. But I already pulled a payout on
- 22:58it, so it's not the end of the world.
- 23:06I got to see.
- 23:12All right. I mean, at this point, it's
- 23:14pretty safe [clears throat] to move to
- 23:15break even.
- 23:18because I don't want it to uh snap back.
- 23:26Dude, this is so [Â __Â ] though, having my
- 23:28footprint
- 23:30all [Â __Â ] up.
- 23:33I'll probably try and
- 23:36target 100 points for pre-market or
- 23:40yeah, 100 points for pre-market lows.
- 23:44See if we could make like two grand.
- 23:47And that'll
- 23:49breathe a lot of life into this uh
- 23:51account. That's for sure. But we are
- 23:54approaching like if you were to look at
- 23:55the 15minute, we are approaching the
- 24:01Oh, never mind. I'm looking at my
- 24:03footprint chart and I keep forgetting
- 24:04that the data is delayed, which is not
- 24:07good.
- 24:15All right, we got hit at break even.
- 24:20I still want to see
- 24:22a further uh retracement lower,
- 24:26but
- 24:29it's kind of hard for me to make
- 24:31decisions right now because I don't have
- 24:32trading. I don't have my footprint
- 24:34working.
- 24:39[clears throat] But this is definitely
- 24:40the target right here. for pre-market
- 24:42lows.
- 24:5210,000.
- 24:55Wait, is that 104,000
- 24:58milliseconds? What is that?
- 25:02What is 104,000 milliseconds in seconds?
- 25:16No way.
- 25:20It's delayed by 100 seconds.
- 25:24Oh my goodness. It's [Â __Â ] terrible.
- 25:39It's hard for me to do anything. So, I
- 25:41guess we're just going to have to wait.
- 25:44If you guys use rhythmic and you notice
- 25:46that it's like fixed,
- 25:48um,
- 25:51let me know.
- 25:55But it's whack because I do want to try
- 25:57and take a short position, but I can't
- 25:59because I can't see what the hell is
- 26:01going what the hell is going on. That's
- 26:03also why I had to move my stop to break
- 26:06even because
- 26:10at that point I'm just I'm not even
- 26:12going off of order flow. I'm just going
- 26:13off of just candles which I can still
- 26:16read candles obviously but
- 26:20makes me feel like I'm blind.
- 26:57Oh my god, dude. I feel like I just got
- 26:59finessed.
- 27:03It screwed me.
- 27:20This played out exactly how I thought it
- 27:22was going to play out.
- 27:31Damn it.
- 27:33Well, there's still room. We're still
- 27:35probably coming here and probably even
- 27:37here.
- 27:39These two lows, I'm expecting us to
- 27:43basically come back towards Asia
- 27:45session. So,
- 27:47whether or not that
- 27:51we actually hit the highs or not, I am
- 27:53still expecting us to at least take
- 27:54either at least probably take this low.
- 27:56But
- 27:59we'll see what happens. I also can't
- 28:02well I can't see what what's happening
- 28:04but we'll see how it pans out.
- 28:11But the reason why I
- 28:14so earlier I was telling you guys like
- 28:18I was looking to short it in this area
- 28:20right and so once this uh fivem minute
- 28:24candle flipped bearish I went short but
- 28:26it it's a pretty large uh
- 28:31it's a pretty large wick so I was
- 28:34risking I had to risk likeund
- 28:38and
- 28:39[Â __Â ] 80 ticks or something. And then
- 28:42once we started coming down, I couldn't
- 28:44see on the footprint chart because of
- 28:46the delay, I couldn't see whether or not
- 28:49the aggression was continuing or if
- 28:52buyers were stepping in or whatever,
- 28:54right? So, I just had to move it to
- 28:55break even.
- 28:57um just to protect myself
- 29:01cuz like even right now like yeah we
- 29:03have this big wick right here and you
- 29:06can make the assumption that buyers are
- 29:08stepping in but you don't know for sure
- 29:09because or I don't know for sure because
- 29:14I mean they are stepping in to an extent
- 29:15because we have a wick obviously but I
- 29:18can't see it. I feel like I'm
- 29:24feel like I'm in the dark right now.
- 29:27[Â __Â ] rhythmic, dude.
- 29:31And this is not prop data either. This
- 29:33is like I paid for this data straight
- 29:35through Rhythmic. So, [Â __Â ] them for
- 29:36doing that.
- 29:40Actually, haven't really had any
- 29:41problems with rhythmic data. Um
- 29:45because it's not rhythmic paper trading.
- 29:47It's normal
- 29:49Chicago connection.
- 29:57So, I'll probably just have to wait. The
- 29:59good news is is that
- 30:02at least we're up on this account. It's
- 30:05the second day on that account. I got a
- 30:08um
- 30:10No, top step's not down. It's working
- 30:12just fine right now.
- 30:29but you know it's like a twominute delay
- 30:31on rhythmic.
- 30:37I wonder if it's going to be like that
- 30:38all day.
- 30:40But
- 30:44I'm not expecting us to come back up
- 30:46here to these highs.
- 30:49Oh [Â __Â ]
- 30:51I'm not expecting us to come back to
- 30:53these highs before we're We're
- 30:55definitely going to take this out and
- 30:56probably this out first
- 31:02and I can't look for
- 31:05like in a situation like this, right? If
- 31:07I was looking at a footprint chart and I
- 31:10think that we're not coming back up
- 31:12here, somewhere in this move down
- 31:16is basically a level that I would be
- 31:18looking to take, but I I don't know
- 31:19where it is.
- 31:21And like I don't trade like candlestick
- 31:25patterns and [Â __Â ] So,
- 31:31we're just going to have to watch it
- 31:32happen basically
- 31:35cuz I wouldn't know where to put my stop
- 31:37either.
- 31:40I mean, the PC of the previous candle is
- 31:42where 600
- 31:44on the five minute, which is
- 31:49right here. See, like
- 31:53it's [Â __Â ] annoying. All
- 32:11right, I'm going to just take a short
- 32:13right now. Honestly,
- 32:15I'm going to have to have a pretty big
- 32:19stoploss.
- 32:21I'm actually going to wait for the 15
- 32:23minute to close.
- 32:29So, I'm going to wait for this
- 32:30fiveminute candle to close and the 15
- 32:32minutes to close and then I might I
- 32:34might take a short, but I can't see
- 32:36anything.
- 33:14Well, I guess we just have to sit here.
- 33:18And the delay is getting larger and
- 33:20larger and larger for rhythmic.
- 33:38It's at like 230 seconds right now.
- 33:43So, what is that?
- 33:46It's a lot of [music] minutes.
- 33:57All right. In the meantime, let me see
- 33:58what silver's doing. It's coming back.
- 34:02Gold's coming. Gold's not coming back.
- 34:06Oops.
- 34:44What a shitty way to start the week.
- 34:54Look at uh the wick on the hourly. I'm
- 34:57expecting probably this hourly to be
- 34:59closing bullish.
- 35:02or if it does close bullish,
- 35:06then I'd want to see it come down here.
- 35:08I don't think we're going to fill the
- 35:09gap today, though. I think that's going
- 35:11to be left for later this week.
- 35:13I mean, it might, but
- 35:19um I mean, I'll know when rhythmic data
- 35:22is normal again when Let me see if I
- 35:25could show you guys. You see, you see
- 35:27this right here?
- 35:29It's showing that there's a a delay.
- 35:34So
- 35:36basically like I know that and obviously
- 35:39I can just see it but I know that um
- 35:43the data is delayed. So whenever this
- 35:46goes away or if I hear that I see
- 35:50somewhere that the rhythmic data is back
- 35:54then if it doesn't automatically fix it
- 35:57and remove this warning right here then
- 36:00I'll probably just uh res restart a
- 36:03task. But it should just do it
- 36:04automatically
- 36:06realistically.
- 36:09So, put this back.
- 36:19But yeah, I I'll be able to know. I I'll
- 36:21know when it's back. And if I see that
- 36:23it's back, I'll tell you guys. But
- 36:27as of right now, we just got to
- 36:30basically sit around
- 36:38cuz like I can't I don't know. I don't
- 36:40know what the order flows looks like.
- 36:57Silver is probably going to keep pumping
- 36:58though.
- 37:09Oh, your yours is good right now. All
- 37:10right, let me try and restart this.
- 37:52Silver's coming back up. Maybe we take a
- 37:55silver trade. I don't really need order
- 37:57flow for silver, but
- 38:00it's kind of sketchy to trade silver
- 38:02sometimes.
- 38:07All right, let's see if uh my data is
- 38:10fixed or not.
- 38:22Chill. It looks like it's fixed.
- 38:39[Â __Â ] dude.
- 39:02All right. Well, our data is back, which
- 39:05is chill.
- 39:07So, let me see if
- 39:11I gotta be careful, though. We do have
- 39:13uh PMI,
- 39:16so I got to wait a second. But I still
- 39:18think it's likely we go lower before we
- 39:21take this high.
- 39:42ATR is pretty big right now. It's like
- 39:4430 points on a fivem minute candle.
- 39:55I would like to see us realistically
- 39:57come down to 500
- 40:00and wick past it to wick these lows.
- 40:12This fivem minute candle right now is
- 40:14almost 100 points. It's like 72 points.
- 40:37>> So, we got about 17 seconds left in this
- 40:40five minute
- 40:53impossible to attain.
- 41:07Oh, the delay just came back.
- 41:11Yeah, rhythmic is all [Â __Â ] up right
- 41:12now.
- 41:14Oh, it's gone.
- 41:18Well, it's still kind of there,
- 41:19actually.
- 41:36All right, I'm actually going to have to
- 41:38size down, but I do want to try shorts.
- 41:44So, where would my stop have to be?
- 41:46[Â __Â ] it'd have to be up here.
- 41:49All right.
- 41:56So, I'm going to try and take a short,
- 41:58but
- 42:01it's going to require like a huge
- 42:03[Â __Â ] stoploss
- 42:08and the risk-to-rewards kind of [Â __Â ]
- 42:11honestly.
- 42:28But if we are going to continue lower,
- 42:30we realistically shouldn't get back
- 42:31above that 5minute candle that just
- 42:33closed.
- 42:44But if it does, because we also h we
- 42:46also have PMI coming out. So, this might
- 42:48just like stay right here until PMI. And
- 42:52then if PMI comes out and pumps, then
- 42:54we'll just
- 42:56take the L on this account. I'll
- 42:57probably just move to move to the other
- 42:59account.
- 43:03But I do want to see
- 43:06I do want to see these lows get taken
- 43:08out.
- 43:1876.
- 43:24Such a big ass [Â __Â ] stop, dude.
- 43:51So, I'm looking for the PC to hold, but
- 43:53if it doesn't, I'm just going to get
- 43:54stopped right now.
- 43:57This account will be back to like
- 44:01$900 something dollars, but this is the
- 44:04account we pulled the payout on on
- 44:06Friday, so it's okay. The end of the
- 44:08day.
- 45:18What up, Ramy?
- 45:29So, we got about 20 seconds left. If we
- 45:32can close like this and keep the PC's up
- 45:37here, it'll make me feel a little bit
- 45:39better, but it's still pretty sketchy
- 45:41because we're not going anywhere. News
- 45:43is about to come out. So,
- 45:48I got a pretty [Â __Â ] entry.
- 45:50Realistically, the entry probably should
- 45:51have been at the retest of the previous
- 45:53candles PC because then at least the uh
- 45:58yeah, we don't that's not a good close.
- 46:01At least the um riskto-reward would have
- 46:04been better. Like right now it's not
- 46:06even a 2R and we're about to take like a
- 46:12like a [Â __Â ] what 80 point 80 point
- 46:16stop loss which is huge but
- 46:20I went half size so I went five micros
- 46:24but it's still going to be like 500
- 46:26bucks and this account only has like
- 46:281,500 to start the day anyways after the
- 46:31payout on Friday.
- 46:45And this is the last 5minute candle
- 46:47before news. So, we'll see what happens.
- 48:00So, we got news in three minutes.
- 48:04If we can get a little lower, it'll make
- 48:06me feel better. So, it's less likely
- 48:09I'll get like wicked out and then it
- 48:11comes down. But if PMI comes out and it
- 48:14literally just pumps, there's nothing we
- 48:16can do about it. So,
- 48:41And plus, we have the hourly candle
- 48:43right now, which looks like this.
- 48:50So, like, let's say we close bullish
- 48:54with this big ass wick right here, like
- 48:56a bullish candle.
- 48:59I mean, we could retrace back into this
- 49:01wick before we actually move down.
- 49:05It'd be better if we close the hourly
- 49:08candle lower
- 49:12because then it if we are going to go
- 49:14lower, it probably wouldn't retrace that
- 49:16far into this wick.
- 49:22At least that's what I think. So,
- 49:27oh, you couldn't even see that. My bad.
- 49:34This is what the hourly looks like. I I
- 49:38want I would like it to close bearish
- 49:41realistically
- 49:44with this big ass wick
- 49:48and then I think it's reasonable that we
- 49:50probably retrace at least half of this
- 49:52move.
- 49:56or we don't and PMI comes out in a
- 50:00minute and we just rip higher,
- 50:05which it's starting to look like it's
- 50:06going to happen because sellers just try
- 50:07to push down right now and they're
- 50:09failing to do it.
- 50:51All right, let's see what news does.
- 50:56Oh, that's not good. That's not good.
- 51:17Gold's ripping right now. Let me look.
- 51:23Yeah, it is. Same with silver.
- 51:32Crazy pump.
- 51:37I'm actually pretty surprised I didn't
- 51:39get stopped out of this yet.
- 51:48We're just like consolidating right
- 51:50here.
- 52:00All right, we're getting selling
- 52:01pressure again. We'll see if it can
- 52:03actually continue this time.
- 52:18We're going for about 80 points.
- 52:23So, what is this? The stop loss is 57
- 52:26points.
- 52:29The takerit is 82 points.
- 52:33But we need to see like some actual
- 52:37aggression right here.
- 52:39Otherwise, because we're starting to
- 52:41consolidate, so like sellers can't
- 52:43really get below this level. Otherwise,
- 52:46this is going to happen.
- 53:09And it sucks because we started uh we
- 53:12started consolidating and I basically
- 53:14caught the bottom of the consolidation.
- 53:22It's [Â __Â ] stupid.
- 53:37All
- 53:49right, we're going to get taken out of
- 53:50this right now. It's probably going to
- 54:01if it does break out of this uh
- 54:03consolidation right here, I'd need to
- 54:04see like how hard it's going to break
- 54:06out of it or if there's going to be any
- 54:08continuation
- 54:10or not
- 54:18because we may just be
- 54:21grinding up all day like just ripping
- 54:23higher all day
- 54:26because if we do that then I can't
- 54:27really trade because I don't want to
- 54:29take longs up here. I'd rather just not
- 54:32take a trade at all.
- 54:47At least I'd wait.
- 55:10But if it does break through this, it's
- 55:12going to probably do it pretty hard.
- 55:25>> Order filled
- 55:26>> like that.
- 55:28All right. So, we're down $500 on this
- 55:31account.
- 55:33The balance. So, we had a $3,000
- 55:36balance. We took a payout, then we lost
- 55:38500.
- 55:40Kind of a shitty trade. So, we're not
- 55:43going to touch this anymore today. At
- 55:45least not with this. I will
- 55:51see what I can do on this account
- 55:53because this account has the full $2,000
- 55:55of draw down.
- 55:58But I'm going to wait to see what this
- 56:00does right here.
- 56:12[snorts] But if I take a trade on this
- 56:14account
- 56:16and I lose, I'll probably just stop
- 56:18trading on the day I'm up on this
- 56:21account and then I'm up on this account.
- 56:23So, I don't want to
- 56:26I don't want to go red on like all of my
- 56:28accounts basically.
- 56:33Well, actually, I can't go red on this
- 56:36account because this account I already
- 56:37locked out of it after last night.
- 57:51But until we get past like
- 57:55until we get past like the highs here,
- 58:00I still think that there's a potential
- 58:02we do go lower, but I just don't want to
- 58:04take it because we chopped right here. I
- 58:07would have to wait. If I wanted to try
- 58:09another short, the safest thing to do is
- 58:13I would have to wait for like a massive
- 58:16amount of selling pressure to come
- 58:18through and for a candle to close with a
- 58:22very small wick basically
- 58:25at the bottom of this
- 58:28and then the risk-to-reward would be
- 58:30like super [Â __Â ] too. So,
- 58:34probably better just to wait.
- 58:46We can't really trade anything else
- 58:47right now because silver's just ripping.
- 58:51Gold's just ripping.
- 59:10So, we'll see if uh we can wait it out
- 59:15and hopefully have some type of
- 59:18momentum in either direction.
- 59:45We do have a lot of news this week
- 59:47though.
- 59:49So, if today is not the day,
- 59:52then today's not the day.
- 59:56And there will probably be better
- 59:57opportunities later this week.
- 1:00:02So, there's no reason for us to I mean,
- 1:00:04if literally it doesn't do [Â __Â ]
- 1:00:08We have buyers coming in right now, but
- 1:00:10if this doesn't do anything, it's like
- 1:00:13uh
- 1:00:15there's no reason to try and risk
- 1:00:17capital right now
- 1:00:21because
- 1:00:24why would you want to do that here? The
- 1:00:25volume's good though. It's just not
- 1:00:27going anywhere.
- 1:00:31Yeah, gold the commodities during Asia
- 1:00:33session is great. That's how uh I mean
- 1:00:36that's
- 1:00:38Asia session. I caught a trade on silver
- 1:00:41with one micro and basically made $900.
- 1:00:47Um,
- 1:00:49it's better to trade, in my opinion, I
- 1:00:51like trading gold and silver
- 1:00:54during Asia session and not dur during
- 1:00:57New York.
- 1:01:02But an 80% win rate's pretty good. I
- 1:01:06mean, it just depends on what your s
- 1:01:07your sample size is and if you're
- 1:01:09accounting for break evens in your win
- 1:01:11rate because then it's not really like a
- 1:01:13true 80%. But regardless, it's great.
- 1:01:24But 4:00 a.m. to trade is pretty crazy.
- 1:01:26I wouldn't be able to do that. Well, I
- 1:01:28guess I kind of do that already. I wake
- 1:01:30up at 5 because I'm on the West Coast.
- 1:01:33So, I wake up at 5, trade market open at
- 1:01:356.
- 1:02:08Uh yeah, basically I'm just like a
- 1:02:11little south of LA.
- 1:02:15I'm like 45 minutes south of LA
- 1:02:18basically without traffic.
- 1:02:26So what I'm looking at right now is
- 1:02:30pre-market we attempted to go higher and
- 1:02:32we had buyers stepping in right here and
- 1:02:35they basically failed and we came down.
- 1:02:39sellers couldn't push lower. So then we
- 1:02:41basically
- 1:02:43had fair value here for a little bit.
- 1:02:46Then this large order came in, but that
- 1:02:49was just clearing out an order on the
- 1:02:51book. And then we had two
- 1:02:54smaller big trades here. And then
- 1:02:58there's like yet to be any type of
- 1:03:00follow through.
- 1:03:04So, this is setting up to look like
- 1:03:08we're gonna stay potentially within this
- 1:03:11range unless
- 1:03:13buyers step in again and push it really
- 1:03:16hard. Then the target would probably be
- 1:03:18at least 700
- 1:03:22or at least the highs obviously, but
- 1:03:23probably 700
- 1:03:26um up here.
- 1:03:57Well, at least he got out for a 3R.
- 1:03:59That's pretty good.
- 1:04:04That's great.
- 1:04:16You know what? Maybe I'll probably
- 1:04:43That's That sucks. I'm surprised we
- 1:04:46didn't actually take pre-market lows,
- 1:04:48but
- 1:04:54it is what it is. I want to see how the
- 1:04:5715 minutes going to close.
- 1:05:0015 minute and then how does five minutes
- 1:05:03going to close?
- 1:05:16No, I'm not going to touch this account.
- 1:05:19Honestly,
- 1:05:20today's not the day. I'll just let it
- 1:05:22have its $200 day.
- 1:05:41Nice.
- 1:05:44Trading micros on gold. Just longing it
- 1:05:47or what?
- 1:05:52All
- 1:06:06right. It's going to
- 1:06:17All right, let's see if we can get some
- 1:06:19type of follow through. Keeps taking the
- 1:06:21orders above the range.
- 1:07:12there. having tr the buyers are having
- 1:07:14trouble getting past here.
- 1:07:45So, I want to see how this five minute
- 1:07:46is going to close.
- 1:07:48If it fails again and we actually close
- 1:07:53pretty strong bearish,
- 1:07:56I might try the shorts one more time.
- 1:07:58But
- 1:08:02if I lose that trade, then I'm just
- 1:08:04going to stop trading for today. That'll
- 1:08:06be two trades, two losses during New
- 1:08:09York session, and I'll just probably
- 1:08:11wait for
- 1:08:14more directional price action. Hopefully
- 1:08:16next
- 1:08:18tomorrow or something.
- 1:08:24Do we have any news tomorrow?
- 1:08:27Don't we have jolts this week?
- 1:08:35PMI today,
- 1:08:38tomorrow.
- 1:08:40Wait a second.
- 1:08:42Oh, we had manufacturing PMI today and
- 1:08:44then tomorrow is
- 1:08:47composite PMI
- 1:08:49services or services PMI
- 1:08:54at 6:45 and 7 a.m.
- 1:09:02and then we have NFP on Friday, right?
- 1:09:07No, we don't. Do we?
- 1:09:13I'll have to look later. We definitely
- 1:09:15do have jolts on uh the seventh though.
- 1:09:51Oh, I got to work on some evals this
- 1:09:53week in preparation for this uh for this
- 1:09:56account just in case it gets blown.
- 1:10:04Oh, Nvidia later today. A keynote.
- 1:10:10When is Nvidia earnings? Is that this
- 1:10:12week? Is that next week?
- 1:10:53All right, this five minutes closing
- 1:10:55pretty bullish. Let's see if we can get
- 1:10:56some follow through. take out the highs
- 1:10:58and head to the 700
- 1:11:16for the follow through. I'd want to see
- 1:11:17at least this area to hold though. Like
- 1:11:25you don't want to really see this candle
- 1:11:28get back below this area.
- 1:12:06Cuz
- 1:12:22like you could try and basically go long
- 1:12:25right here, right now, and then the
- 1:12:27moment it hits this wick, you would
- 1:12:29basically just move your stop to break
- 1:12:31even.
- 1:12:33But
- 1:12:35it's just like kind of premature because
- 1:12:41this is pretty weak follow through right
- 1:12:43now of these buyers.
- 1:13:00So you wouldn't you wouldn't Yeah. you
- 1:13:02wouldn't even know if it's actually
- 1:13:03going to continue or not because
- 1:13:11because realistically like when you have
- 1:13:14these big trades at least what I'm
- 1:13:16looking for is
- 1:13:18if it's going to continue
- 1:13:21in that direction
- 1:13:25I would expect it to happen or I'd be
- 1:13:28looking for it to happen relatively
- 1:13:29quickly especially coming out of Uh,
- 1:13:33I mean, we're we're we're still in this
- 1:13:35um
- 1:13:38we're still within this 15-minute
- 1:13:40candle. We're almost an hour into open
- 1:13:42and we haven't broken out of a 15-minute
- 1:13:44candle yet. So, there's like
- 1:13:50not a lot of direction today.
- 1:13:53And
- 1:13:56recognizing that recognizing that
- 1:13:57there's not a lot of direction right
- 1:13:58now,
- 1:14:00it's probably a good idea to be more
- 1:14:02passive
- 1:14:05than aggressive.
- 1:14:08Even though something may work out, like
- 1:14:10even though this may totally flip and we
- 1:14:12go take out this huge cluster of orders
- 1:14:15right here. See this? all these orders
- 1:14:22we could, but
- 1:14:26for one, like
- 1:14:30where would you put your stop? Over
- 1:14:32here. Okay. Well,
- 1:14:36say you did that. Your stop would be
- 1:14:37like 30 ticks. And then where are you
- 1:14:39targeting or 30 points? You're targeting
- 1:14:41probably 700. So, unless you're
- 1:14:44targeting the highs, if you think we're
- 1:14:46going to take this out today, I don't
- 1:14:49if we do, we're not going to do it in
- 1:14:50the AM session. I don't think
- 1:14:54unless we just start ripping right now.
- 1:15:46All right, let's see if the buyers can
- 1:15:47start stepping in now and push this
- 1:15:49higher when this 5m minute closes.
- 1:17:15Damn, dude. I should have just taken a
- 1:17:16pre-market trade long on the commodities
- 1:17:19this morning.
- 1:17:22I was looking at them, too. I woke up at
- 1:17:23like 4:00 a.m.
- 1:17:32cuz NQ is just on some [Â __Â ] right
- 1:17:34now.
- 1:17:44But we have 3 minutes left in this
- 1:17:4715-minute candle
- 1:17:51on the 5m minute
- 1:18:31No, you're trying to scalp this.
- 1:18:34Yeah, that's tough, dude. because like
- 1:18:45it's just like not really having a lot
- 1:18:47of follow through, you know, like
- 1:18:50and the ATR. I mean, I don't know what
- 1:18:52time frame you're on, but ATR on a fivem
- 1:18:53minute is pretty big. Like right now,
- 1:18:57that candle that just happened right
- 1:18:58there, like
- 1:19:02imagine you went long right here,
- 1:19:05you would had to take at least like 25
- 1:19:07points of heat.
- 1:19:10So,
- 1:19:14pretty large order here once we took the
- 1:19:16highs. But um
- 1:19:22again like we need to see if there's
- 1:19:24going to be any type of continuation
- 1:19:27and
- 1:19:28the first target obviously after these
- 1:19:31highs
- 1:19:33is going to be 700 because there's
- 1:19:35orders there. It's a psychological
- 1:19:36level. But after that, there's really
- 1:19:39nothing until I mean, there'll probably
- 1:19:43be orders sitting at 750, too. But at
- 1:19:46that point, you just be looking for us
- 1:19:48to take the highs from
- 1:19:51uh Friday,
- 1:19:54the highs from Friday,
- 1:20:00but we have a little bit of sellers
- 1:20:02stepping in.
- 1:20:11And we are
- 1:20:17Oh, just on your evals. That's fine.
- 1:20:22It's just an evo.
- 1:20:41Wait, I need to see where we're at in in
- 1:20:43location for this range.
- 1:21:25platform.
- 1:21:27Uh I well with the prop firms I'm
- 1:21:29trading on project X but if there's any
- 1:21:33connection like like if I'm ever trading
- 1:21:35a live account or a different prop firm
- 1:21:39that doesn't offer project X then I'm
- 1:21:42using ATS to just execute trades on. So
- 1:21:45this screen I'll execute trades on this
- 1:21:48screen.
- 1:21:57But right now since I'm trading like top
- 1:21:59step accounts and alpha future accounts,
- 1:22:01I'm trading on project X.
- 1:22:14Damn, dude. I wish that move this
- 1:22:15morning had more followthrough. We would
- 1:22:17have been up like two grand
- 1:22:21instead. It just snapped back and hit my
- 1:22:23break even. I tried it again and then it
- 1:22:24got [Â __Â ] smoked.
- 1:22:37So basically
- 1:22:43I am watching this area right now for
- 1:22:48how price is going to react up here
- 1:22:50because
- 1:22:53this to me this area is like
- 1:22:58last line of defense and if this doesn't
- 1:23:01hold and bring us back down then
- 1:23:05we get like above this right here which
- 1:23:07is 7:18 here. Hold on. My bad. Like 718,
- 1:23:15720.
- 1:23:17Then we're probably heading back up
- 1:23:20overall on like a on a higher time frame
- 1:23:22though.
- 1:23:25Something to think about though is like
- 1:23:28if you were to go look at a 4 hour,
- 1:23:32we are bullish and the target is
- 1:23:34actually way up here. Like
- 1:23:38you would be looking for price over the
- 1:23:40course of this month probably to come up
- 1:23:42here
- 1:23:48at least up here
- 1:23:51heading towards 26,000.
- 1:23:53But on an intraday level, like it's not
- 1:23:57often. I mean, it obviously happens like
- 1:23:59how we see it's happening right now, but
- 1:24:01it's not often that we have all three
- 1:24:04sessions going in the same direction.
- 1:24:06Like
- 1:24:08if you were to go back and you look at
- 1:24:11Asia session, London session, and then
- 1:24:14New York, for them to all go bullish um
- 1:24:19is not that common. It doesn't actually
- 1:24:21happen that often and especially without
- 1:24:23New York ever revisiting Asia at all. It
- 1:24:26really doesn't happen that much. So like
- 1:24:28if you go back like let's look let's
- 1:24:31look right you have Asia bullish London
- 1:24:34bullish New York dumps takes out London
- 1:24:37Asia
- 1:24:39you had Asia basically it kind of ranged
- 1:24:44London was bearish we pop up
- 1:24:48past it. So like you see how like
- 1:24:50majority of the time or I guess this
- 1:24:52ranged a little bit but majority of the
- 1:24:55time it's pretty rare that we head in
- 1:24:57the same direction on three three um
- 1:25:02sessions without ever trying to revisit
- 1:25:05Asia. Like at least this day we came
- 1:25:07back up to Asia Asia lows
- 1:25:11or this day right you go bearish bearish
- 1:25:13and then we pump up and take the highs.
- 1:25:18So,
- 1:25:21kind of looks like we're just gonna
- 1:25:24if we don't turn around,
- 1:25:27we may just like slowly grind sideways.
- 1:25:33I mean, the volume is good, but it's
- 1:25:35just like
- 1:25:38not a lot of follow through or momentum,
- 1:25:41so it's hard for me to
- 1:25:44try and trade it. But if you're scalping
- 1:25:46it, you could probably pull a few points
- 1:25:48out the market,
- 1:25:50especially if the ATR
- 1:25:53on a fivem minute candle is like 30
- 1:25:55points, 36 points right now.
- 1:26:06But when it's doing this, like just so
- 1:26:09you know, by the way, when it's doing
- 1:26:11this, whenever we're like slowly kind of
- 1:26:15like moving up like this, where it's not
- 1:26:18like there's not a lot of speed to it,
- 1:26:20but it's just kind of like slowly
- 1:26:22grinding up,
- 1:26:25it is [Â __Â ] dangerous to try and catch
- 1:26:28the top of it.
- 1:26:31Even though, let's just say this may be
- 1:26:33the top, right? Like
- 1:26:36let's say this is the level I was
- 1:26:37watching for and this could be the top.
- 1:26:39Sure. But
- 1:26:42it's not a good idea. It's not a good
- 1:26:43idea to try and actually trade it
- 1:26:46because for all we know this can slowly
- 1:26:50continue to grind up grind up. So we
- 1:26:53need to see like sellers step in. Well,
- 1:26:56then we need to see followth through and
- 1:26:58then we need to see speed start to pick
- 1:27:00up
- 1:27:03because until then this is this doesn't
- 1:27:05mean anything. You might have people who
- 1:27:06are going short right now thinking, "Oh,
- 1:27:09we took the highs and we're going to
- 1:27:12come down." But
- 1:27:15you just got to be careful doing that.
- 1:27:19It's a great way to blow your account.
- 1:27:36But like even though I have a level
- 1:27:37right here and like the first five
- 1:27:39minute candle after we touch that level
- 1:27:41we're coming down. I'm still not taking
- 1:27:43the short
- 1:27:48cuz I need to see like some type of
- 1:27:51confirmation, some type of shift in the
- 1:27:53intent of the market participants
- 1:27:58because right now this is not strong.
- 1:28:00This not yet.
- 1:28:37So, what I'm going to look for right now
- 1:28:38is I want to see how this fivem minute
- 1:28:40candle is going to close. If I do decide
- 1:28:43to
- 1:28:45take a short position here,
- 1:28:49I need like extra confirmation.
- 1:28:53And of course, this can just come down
- 1:28:55and then we take a short and like again
- 1:28:57slowly grind up, but um
- 1:29:02I don't feel comfortable taking any
- 1:29:05longs realistically
- 1:29:14unless market structure gets created
- 1:29:16where then it would make sense to take a
- 1:29:18long but right now there is really no
- 1:29:21structure. I mean
- 1:29:25like look at this.
- 1:29:30At least on the five minute. I'm sure if
- 1:29:32you were to go to like a one minute, you
- 1:29:34can like
- 1:29:36think of something here that you would
- 1:29:37consider market structure. But for me,
- 1:29:39this is just like a bunch of [Â __Â ]
- 1:29:41noise.
- 1:30:14Yeah. I mean, especially as we start to
- 1:30:17head
- 1:30:18um later into the day,
- 1:30:25there's a good chance that like
- 1:30:28cuz I don't trade uh PM session and I
- 1:30:32definitely don't trade the lunch hour.
- 1:30:34So,
- 1:30:36usually like
- 1:30:38on a normal day where price action would
- 1:30:41be considered good objectively like um
- 1:30:44you'll probably have good speed for like
- 1:30:46one or two solid moves depending on what
- 1:30:49your average target is, but my average
- 1:30:50target's probably like 50 points um just
- 1:30:53with the volatility volatility we've had
- 1:30:56recently.
- 1:30:59But I mean, sometimes if we're just
- 1:31:00bullshitting all morning, I mean,
- 1:31:02heading into lunch, you can have a
- 1:31:03directional move, but I usually don't
- 1:31:05trade that.
- 1:31:22So, basically, if we were going to go
- 1:31:24lower, the idea would be is you wouldn't
- 1:31:26want to see us basically
- 1:31:28Come back up here
- 1:31:36>> like past 50% of this candle and close.
- 1:31:48But it might just uh we might just
- 1:31:50[Â __Â ] the rest of the day like
- 1:31:53do some type of slow grind
- 1:31:57higher and then have like a sell off at
- 1:32:02uh MOC or lunch hour or after lunch hour
- 1:32:05like PM session we could have that sell
- 1:32:07off that I was looking for but
- 1:32:12I don't trade that
- 1:32:32Nice.
- 1:32:36Yeah, I'm just going to wait for a
- 1:32:37second. I'm slightly tempted to take a
- 1:32:40short, but it's just like
- 1:32:44I'll probably have to size down if I do
- 1:32:46it because it's lower probability
- 1:32:50conditions.
- 1:33:05All right, I'm going to go short right
- 1:33:07here.
- 1:33:07>> Order filled.
- 1:33:08>> And I'm going to see if we can break
- 1:33:10past this area. We could bounce right
- 1:33:12here and realistically I am going to
- 1:33:14have to have like a 200 tick stop loss
- 1:33:16again.
- 1:33:20But we'll see if we could pick up some
- 1:33:22speed because the 15 minutes looking
- 1:33:25pretty good for shorts as long as it
- 1:33:27actually closes over here. If it pops
- 1:33:31back up, then um
- 1:33:35I'll just take the L on this account,
- 1:33:36too. And then I'll be down on two
- 1:33:39accounts, up on two accounts, and then
- 1:33:42I'll just call it a day.
- 1:33:52But this is like uh anticipating like
- 1:33:55it's not um there's no follow through
- 1:33:58yet for sellers. So, we're kind of
- 1:34:01entering prematurely. And I caught a
- 1:34:03[Â __Â ] entry again,
- 1:34:06but it's all right.
- 1:34:15I'll take the L.
- 1:34:33But yeah, if I lose this trade or if it
- 1:34:36goes down and I move it to break even
- 1:34:38and then it hits break even, um,
- 1:34:43I'm going to just Oh,
- 1:34:54then at least worst case scenario,
- 1:34:58I'll be up on two accounts, down on two
- 1:35:00accounts.
- 1:35:02I could live with it.
- 1:35:06Oh [Â __Â ] you guys can't see this. My
- 1:35:08bad.
- 1:35:24But I mean, we're we're respecting this
- 1:35:27area that I wanted us to respect. I just
- 1:35:29need to see if there's actually going to
- 1:35:30be follow through lower
- 1:35:35and momentum and speed to start to pick
- 1:35:37up. The only thing that I'm worried
- 1:35:39about though is like once we do start to
- 1:35:41get back into this area, my bad. Once we
- 1:35:44do start to get back into this area, um
- 1:35:49it's going to need kind of a lot of
- 1:35:51aggression if we're actually going to go
- 1:35:53lower, which I don't know if that
- 1:35:54aggression is even going to be present
- 1:35:56today. You know what I mean? So,
- 1:36:00I guess we'll I guess we'll find out.
- 1:36:36But if we do go lower, I think I will
- 1:36:38probably trail my stop cuz I'm not
- 1:36:41expecting like I know I have I know I
- 1:36:43have this drawn out where it's targeting
- 1:36:45like the lows, but um I don't think
- 1:36:48that's like super realistic right now
- 1:36:51with how it's currently moving. So, if
- 1:36:54we do go down, I'll probably just trail
- 1:36:55my stop on the way down.
- 1:36:59Once we start getting below this uh this
- 1:37:03area where all these buyers were at,
- 1:37:04that's like the main area we need to
- 1:37:06break past. If we can't break past it,
- 1:37:08then we're probably going to just
- 1:37:10consolidate right here and then pop back
- 1:37:12up.
- 1:38:30Man, the volume just kind of like
- 1:38:33got really Hello.
- 1:38:50Thank you.
- 1:39:10Thank you.
- 1:40:10I think what I'm going to do though is
- 1:40:21if we
- 1:40:24on a 15inut chart if We start to flip
- 1:40:27bearish on this um
- 1:40:31we start to flip bearish on this candle
- 1:40:34and we get past here.
- 1:40:39This is basically where
- 1:40:42I'm going to decide to move to break
- 1:40:44even. So, it's really not that far. I
- 1:40:47think it's about
- 1:40:5025 points from my entry.
- 1:40:56Uh yeah, just about.
- 1:40:59But that's if it even gets down there
- 1:41:01because
- 1:41:06this is looking pretty gross right now.
- 1:41:46So, we want to see it have some
- 1:41:49aggression and close below this area. If
- 1:41:52we come down here and sellers attempt to
- 1:41:55push past this area with all of these
- 1:41:58buyers that came in and they fail and
- 1:42:01they create a wick like what it's
- 1:42:02happening right now,
- 1:42:04um this is going to go take the highs
- 1:42:06again.
- 1:42:10If it if it pushes lower, like if we
- 1:42:14come down here, make a wick, pop back
- 1:42:16up, we're probably going to go take the
- 1:42:17highs.
- 1:42:20So that's why if we do come down here, I
- 1:42:23need to move my stop to break even just
- 1:42:26in case that's about to happen.
- 1:42:33But it may just pump right here.
- 1:43:17Cuz
- 1:43:26this area, by the way, where this box
- 1:43:28is, like this is where buyers would be
- 1:43:31trying to protect
- 1:43:34realistically.
- 1:43:39So shorts technically are not confirmed
- 1:43:42until we get below this area, but I just
- 1:43:46try to take it early,
- 1:43:53but seems like we're struggling to get
- 1:43:54past this area. And every time we push
- 1:43:56down a little bit, it just pops back up.
- 1:43:58And now we have a bunch of buyers
- 1:44:00stepping in right now.
- 1:44:47I hope I don't get stuck in this trade
- 1:44:48for like an hour though
- 1:44:54and h and be forced to sit here and
- 1:44:56watch this for an hour. I'd rather just
- 1:44:58have it go stop me up
- 1:45:02or of course go to profit go down and go
- 1:45:05and profit. But
- 1:45:13we'll see how this 5 minutes going to
- 1:45:14close.
- 1:45:58All right, not the worst close for our
- 1:46:00position, but now what we're going to
- 1:46:03see right now is we're going to see
- 1:46:04sellers attempt to get lower again. And
- 1:46:06if they fail,
- 1:46:09it's not going to it's not looking good.
- 1:46:13And we're either going to be stuck in a
- 1:46:15chop for a while until they do break
- 1:46:16lower or uh it's just going to bounce
- 1:46:20back up.
- 1:46:21And I'm going get stopped.
- 1:46:35So there they went again. They try they
- 1:46:36try to get past this area, the sellers,
- 1:46:38and they
- 1:46:40can't really do it. They're not
- 1:46:42aggressive enough to actually push past
- 1:46:45where these buyers were stepping in
- 1:46:46because buyers are holding this area.
- 1:46:49So then once the sellers give up,
- 1:46:51basically this is going to just probably
- 1:46:54go to 700.
- 1:47:21And the hourly is going to close right
- 1:47:23now in about four minutes, three and a
- 1:47:28half minutes.
- 1:47:30And it's closing pretty bullish.
- 1:47:33So that this candle is not a good candle
- 1:47:36for shorts on an hourly
- 1:47:40because then at that point if we close
- 1:47:42like this it's likely that before any
- 1:47:45type of shorts come in we actually at
- 1:47:48least go and make a new high. It it
- 1:47:50would be unlikely that this remains that
- 1:47:53this remains the high.
- 1:47:55It would get taken out by the next
- 1:47:57hourly candle.
- 1:49:39Damn, dude.
- 1:49:41If you're going to stop me out, just go
- 1:49:42stop me out already. I don't want to sit
- 1:49:44here for an for an hour.
- 1:50:25Hopefully the new hourly candle can do
- 1:50:27something though, like stop me out or at
- 1:50:30least move cuz we're not doing anything.
- 1:50:34It's boring as [Â __Â ]
- 1:50:58All right. So, the new hourly candle
- 1:51:01opened up. It's really not looking too
- 1:51:03good for shorts,
- 1:51:07but we're already in it, so I can't just
- 1:51:09like get out of it now.
- 1:51:13Well, I could just get out of it, but I
- 1:51:14don't want to.
- 1:52:25But yeah, with this hourly candle like
- 1:52:31realistically
- 1:52:37That previous hourly close is not
- 1:52:41ideal.
- 1:53:01because this could just be creating a
- 1:53:04wick on the hourly before it pumps up.
- 1:53:13I think uh
- 1:53:18just to save myself from a headache, I'm
- 1:53:20going to probably move my stop to break
- 1:53:22even if it has any type of aggression
- 1:53:24towards the downside.
- 1:53:28And then if I hit break even,
- 1:53:31I guess we would save ourselves $425
- 1:53:36or it just pumps right now and we'd
- 1:53:38lose.
- 1:53:44But it would leave this account. It's
- 1:53:46the second day on this account. It would
- 1:53:47leave this account with like $1,500 draw
- 1:53:49down, which is totally cool of me. I
- 1:53:52could work with that.
- 1:53:54The other account though is like making
- 1:53:56me nervous. This one that I took the L
- 1:53:58on, it's like 960 bucks.
- 1:54:05It's just uh
- 1:54:10Yeah. I mean, I think I think later in
- 1:54:12the week it'll probably be better.
- 1:54:15Does it happen often? Like on the new
- 1:54:18year? It didn't happen last year on the
- 1:54:20new year, but that's because it was
- 1:54:22election year.
- 1:54:25But sometimes
- 1:54:28sometimes you just have uh consolidation
- 1:54:30days or days that just aren't they don't
- 1:54:33have a lot of momentum or follow
- 1:54:34through. I mean, it just happens.
- 1:54:37Not every day is going to be super
- 1:54:39volatile with clean moves. And then
- 1:54:42usually like on days like today,
- 1:54:45the goal realistically is to
- 1:54:49try and minimize damage, right? So like
- 1:54:54usually I would go probably a mini on
- 1:54:58these accounts, like using one mini
- 1:55:00contract, but I'm using half size today
- 1:55:03because also the the stop losses
- 1:55:07are going to need to be pretty big.
- 1:55:11And when you have price action like
- 1:55:14that's kind of just moving back and
- 1:55:16forth and the speed is low. There's not
- 1:55:19a lot of like speed. And then if you
- 1:55:23look right here, volume's dropping off
- 1:55:24like
- 1:55:26it's not the day you'd want to like size
- 1:55:29up or take more trades.
- 1:55:32So,
- 1:55:34but usually I'm okay with um I try and
- 1:55:38keep my losses on the day like if I do
- 1:55:41lose on an account, I try to keep my
- 1:55:43losses on the day like
- 1:55:46preferably below 500 bucks. Um
- 1:55:52so
- 1:55:55if we lose, right, we would be down like
- 1:55:59$420 basically. 425 bucks. So that's
- 1:56:03within my daily loss limit where I'm
- 1:56:05comfortable.
- 1:56:09And then we would stop because
- 1:56:12when price action is doing this, it's
- 1:56:14probably going to actually continue to
- 1:56:16do this
- 1:56:18because
- 1:56:20at least until like after launch because
- 1:56:23if you think about it, like when we're
- 1:56:26consolidating
- 1:56:28like this, it's not um
- 1:56:32it's not forcing market participation,
- 1:56:35if that makes sense. Market
- 1:56:36participation at this point becomes
- 1:56:38optional because if you have buyers and
- 1:56:41sellers, they're not forced to transact.
- 1:56:43If we start
- 1:56:45moving and hitting areas where like stop
- 1:56:49losses are or like where large orders
- 1:56:51are, um then it forces market
- 1:56:54participation because
- 1:56:57sellers and buyers would then have to
- 1:56:59transact to protect themselves or
- 1:57:03you know like. So basically the idea is
- 1:57:04is like if we're consolidating
- 1:57:08um technically we can consolidate for
- 1:57:11however long it wants to consolidate for
- 1:57:13until one party steps in and says like
- 1:57:15no we're not doing this anymore but it
- 1:57:17can happen for hours. It can happen all
- 1:57:19day.
- 1:57:20So because it's happening it's probably
- 1:57:24better idea like
- 1:57:26to just stop trading unless you trade
- 1:57:29power hour or like the last hour of the
- 1:57:31day. um
- 1:57:35then maybe there'll be a move then but I
- 1:57:38don't trade that time. So,
- 1:57:41this if this doesn't do anything, we'll
- 1:57:45probably be stuck here for a little bit,
- 1:57:49which I would prefer not to.
- 1:57:53But I kind of knew I was going to sit in
- 1:57:54this trade for a while when I took it
- 1:57:56because
- 1:57:58the volume was tapering off.
- 1:58:07But I think next I think uh the rest of
- 1:58:09these days will probably be a little
- 1:58:10better.
- 1:58:13At least I'm hoping so.
- 1:58:21But like
- 1:58:24I know I kind of I kind of forced this
- 1:58:26trade a little bit. Uh but realistically
- 1:58:29like today is not the day to be trying
- 1:58:31to force trades.
- 1:58:39But I have like multiple funded
- 1:58:41accounts. So I just wanted to try and
- 1:58:43get a winning day.
- 1:58:46But
- 1:58:49uh this is a footprint chart. So
- 1:58:52it's um on a platform called ATS ATS.
- 1:58:58All right, let's see if I could finally
- 1:59:00get stopped out of this.
- 1:59:22What this is probably going to do though
- 1:59:24is it's probably going to
- 1:59:27like spike through this really quickly.
- 1:59:30Probably come up to 700 and then it's
- 1:59:32going to just do the same [Â __Â ] again.
- 1:59:35I wouldn't expect uh
- 1:59:38speed to pick up until probably later in
- 1:59:40the day if it even does.
- 1:59:42So, we will take our L. We will move on
- 1:59:48and try and do a better job tomorrow and
- 1:59:52also work on some more evals just so I
- 1:59:54can
- 1:59:56because I already took a payout this
- 1:59:58month. Uh, I have some money to like
- 2:00:01reinvested into some evals to try and
- 2:00:03get some more. So, we'll probably try
- 2:00:04and do that this week, too.
- 2:00:08All
- 2:00:20right, finally. It's going to spike up
- 2:00:23right now.
- 2:00:23>> Order filled.
- 2:00:24>> All right, cool. So, little bit of a
- 2:00:28recap here.
- 2:00:30Let me go back to this screen.
- 2:00:34So, the idea that I had pre-market was I
- 2:00:37wanted this to uh actually retrace into
- 2:00:39this move and take these lows. At first,
- 2:00:42it looked like we were about to do it.
- 2:00:44So, once we flip bearish on here, I
- 2:00:46actually went short, but then I couldn't
- 2:00:48see what was happening on order flow for
- 2:00:49a little bit. So, um the target was here
- 2:00:53or here. So, I entered in one mini on
- 2:00:55the other account and um
- 2:01:00it went probably
- 2:01:03a little over a 100 ticks in profit and
- 2:01:05then it snapped back to hit my break
- 2:01:07even and then when we came back up here
- 2:01:10I tried to do it again um
- 2:01:14and then it didn't work obviously so I
- 2:01:17took a L on
- 2:01:19this account and then when we were up
- 2:01:22here we came into the level I was
- 2:01:24watching for which is basically premium
- 2:01:28if we were to continue lower or if we
- 2:01:31were a turnaround. Realistically, I
- 2:01:33would want to see it happen in this
- 2:01:35area. It is kind of a big area, though.
- 2:01:37It's between like 720 and and like 660.
- 2:01:41It's a pretty big area, but we tried to
- 2:01:45take a stab at it once we saw a little
- 2:01:46bit of selling pressure coming in, but
- 2:01:48there was again no follow through. We
- 2:01:50entered actually early because you
- 2:01:53should have been
- 2:01:56ideally you should have waited for it to
- 2:01:58actually get below this area because
- 2:02:01you know when buyers step in like this
- 2:02:04they're likely to try and protect their
- 2:02:06position. So
- 2:02:09this wouldn't pick up any speed until it
- 2:02:11started getting past here and then it
- 2:02:13would start to pick up speed if it if it
- 2:02:15would have. So then we got stopped out
- 2:02:17of that. So, we're ending the day down
- 2:02:20$541 on this account. Down $421 on this
- 2:02:23account. I am up $900 on this account
- 2:02:27from
- 2:02:29um
- 2:02:31Asia session trading silver last night.
- 2:02:35And then I
- 2:02:37traded like one micro on gold um last
- 2:02:43night during Asia session for this
- 2:02:44account. So, this account's up 220
- 2:02:47bucks. It'll count as a winning day. So,
- 2:02:50we'll just leave it there and then we'll
- 2:02:52just have to focus on um Oh [Â __Â ]
- 2:02:57The [Â __Â ]
- 2:03:05My bad. We'll have to focus on these two
- 2:03:08accounts. So, it's looking pretty bad
- 2:03:11for this account. or not not this
- 2:03:13account for this account because
- 2:03:16there's 960 bucks left. So
- 2:03:19I gotta work on some eval this week just
- 2:03:21in case because right now we have four
- 2:03:23funded accounts. I need to get
- 2:03:26probably to like
- 2:03:29eight 8 to 10 8 to 10 funded is probably
- 2:03:33ideal. And then at that point if you
- 2:03:36have like multiple funded accounts then
- 2:03:37I can start trading them a little bit
- 2:03:39more aggressively. But for now, like I
- 2:03:41got to be a little careful because
- 2:03:45I'm net positive on the month, but I
- 2:03:47don't want to get into a situation where
- 2:03:49I'm like back to break even and I can't
- 2:03:50buy more like evals or basically I just
- 2:03:54don't want to go net negative. That's
- 2:03:56like really the only goal. So, I need to
- 2:03:59realistically
- 2:04:01get another payout from one of these
- 2:04:03four accounts.
- 2:04:05But hopefully tomorrow's better
- 2:04:09and we do a better job. But the losses
- 2:04:12are manageable. As long as we don't like
- 2:04:15put ourselves in a position that's like
- 2:04:17really like [Â __Â ] bad. It's okay. I
- 2:04:21mean, we're not going to win every day.
- 2:04:23So, I'll catch you guys tomorrow. I'll
- 2:04:25probably be on like 15 minutes before
- 2:04:27market open. And hopefully we have a
- 2:04:30better day. If you're going to continue
- 2:04:31to trade today, just be careful because
- 2:04:34um
- 2:04:35it's really not doing a lot. There's not
- 2:04:37a lot of movement or speed. So, if
- 2:04:40you're trying to basically anticipate
- 2:04:41that speed or momentum,
- 2:04:44you're kind of guessing when it's going
- 2:04:46to happen, and that could be kind of
- 2:04:48dangerous. So,
- 2:04:51be careful. Good luck, and I'll catch
- 2:04:53you guys later. Peace.
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