No trades today | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
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- 0:46What up, Z?
- 1:04What up, guys?
- 1:14Let's have a good day today
- 1:21and let's try not get caught in some
- 1:24chop.
- 1:26I think it might be I think we I think
- 1:29it might be a possibility today. I would
- 1:31like to see us
- 1:34go lower, but
- 1:39the only thing I'm worried about
- 1:43is uh
- 1:45we had this massive move up on Monday
- 1:49and then we basically took it all back
- 1:52yesterday
- 1:55and then now we have a Asia session.
- 1:58Hold on.
- 2:01Now we have an Asia session that was
- 2:04pretty small and then London took both
- 2:06Asia highs and lows. So,
- 2:11I would like to see us go lower, but and
- 2:14you know, target these lows, target
- 2:16these lows,
- 2:19but I'm just going to be cautious today
- 2:23of a little bit of this.
- 2:29Um, I've been trading for
- 2:33over three years now.
- 2:38Well, at least trading futures every day
- 2:40for three years.
- 2:52But I used to try I used to try and
- 2:53trade like uh
- 2:57Forex.
- 2:59I used to trade forex like
- 3:04eight years ago.
- 3:08That that didn't last too long.
- 3:19I just pulled a payout on this account
- 3:21yesterday. So, what I'm doing right now
- 3:24is uh
- 3:28I'm going to
- 3:34continue to milk this account, but
- 3:38I have like a funded account I'm waiting
- 3:41to get activated. And then I have
- 3:43another one with my funded futures that
- 3:46I'll probably just
- 3:48try and get a $200 day on or $150 day
- 3:52on. Uh I'm 25
- 3:56about to be 26.
- 4:03[snorts]
- 4:18So today I would like to see us go
- 4:21lower, but I just know that there is a
- 4:23chance that we're we could basically
- 4:25just whiplash around. We do have news at
- 4:289:45 Eastern as well as 10:00 a.m.
- 4:30Eastern. It's like PMI, so
- 4:34we'll keep that in mind. For whatever
- 4:35reason, if we end up pumping
- 4:38um
- 4:40if we end up pumping up pumping up here,
- 4:44I'm basically going to be watching this
- 4:45area [clears throat] to see if we're
- 4:47going to then continue our move back
- 4:49further lower.
- 4:53But I'm only going to um
- 5:00as long as we just don't take these lows
- 5:03and we pump up here, then I'll be
- 5:05looking for a rejection. If for the if
- 5:08the situation is we take these lows and
- 5:10then we start pumping up, then I won't
- 5:12really be looking for a rejection up
- 5:14here.
- 5:26Yeah, when I was in high school, I was
- 5:28trading uh
- 5:30forex for a little bit.
- 5:39I built I built like a I like bought
- 5:41some guy's course and um I took like
- 5:45$500. This is before like prop firms or
- 5:49that I I knew prop firms. I bought some
- 5:51guy's course when I was in high school
- 5:53for Forex. And then I uh
- 5:57I grew like my $500 to like
- 6:02just by copying this dude's trades. He
- 6:04would just send like signals every day.
- 6:06And I was full porting and I just caught
- 6:08him on a good streak. I grew my 500
- 6:10bucks to like almost 10 grand. And then
- 6:13I tried to like full port the 10 grand
- 6:16and then I lost it all. I was devastated
- 6:19and I just like quit.
- 6:22I just quit. And then I didn't um
- 6:28I didn't get back into day trading until
- 6:30like 2022.
- 6:41But futures in my opinion is way better
- 6:43than forex.
- 6:48Forex is pretty chill too. I guess
- 7:05yeah.
- 7:08Did I take a course on futures?
- 7:11I mean, bro, just like everybody else,
- 7:13you know, I mean, not everybody, but
- 7:16majority of people. I'm sitting around
- 7:21scrolling on my phone and I see some guy
- 7:24make 10 grand in like two seconds and
- 7:26I'm just like that looks he made it look
- 7:29so easy. He made it look so easy. Let me
- 7:32uh
- 7:34let me pay this guy $50 a month to
- 7:36figure out how to do this, too. So,
- 7:38yeah. I mean, I've paid for like Discord
- 7:40channels and I've paid for a master
- 7:44class which was a total [Â __Â ] scam.
- 7:48And um yeah, and then I realized I don't
- 7:52need any of that [Â __Â ]
- 7:55I realized that
- 8:00you don't need any of that. All this
- 8:02information is free. It's all free
- 8:05online.
- 8:07And that same person, especially like
- 8:09gurus who do like ICT stuff, like
- 8:13if you're paying for like a course on
- 8:16some guy who has like some type of
- 8:19strategy that's proprietary or some type
- 8:22of strategy that's like doesn't have a
- 8:24lot of information out online.
- 8:27Sure, I guess if that's what you want to
- 8:29do. But for like ICT, it's crazy that
- 8:33most course sellers sell ICT stuff even
- 8:37though like it's all free
- 8:41and there's so much content of it
- 8:43online. It's like why would you
- 8:47why would you pay for that? Even ICT
- 8:49himself makes the videos free. Like why?
- 8:53>> It's just it's funny. But yeah, I've
- 8:55paid for courses before.
- 9:07But that was a while ago. That was like
- 9:09my first year trading.
- 9:13And then I realized that no matter what,
- 9:15it doesn't matter what somebody teaches
- 9:17you realistically. Like
- 9:22like we can all all of us sitting here
- 9:25watching this, we can all have the same
- 9:26strategy. We can all trade the exact
- 9:28same way and yet we're all going to have
- 9:29different results. Why? Well,
- 9:34because that's just how it works.
- 9:37You're going to get scared. You're going
- 9:39to trail your stop where other person
- 9:41won't.
- 9:43[clears throat] You're going to be
- 9:44willing to stop. The other person's
- 9:45going to keep going.
- 9:50So,
- 9:55paying somebody to learn how to trade is
- 9:57like
- 10:01you're trying to convince yourself that
- 10:03you're uh
- 10:05helping yourself out. You're really not.
- 10:17I mean there's nothing wrong with uh
- 10:20like strategies you know one thing about
- 10:23strategies though is that you got to
- 10:25understand
- 10:27what is your tendency as a trader so
- 10:30like what is your what are your
- 10:32tendencies or like your personality and
- 10:34then there's strategies that will
- 10:36complement that and strategies that will
- 10:38not complement that.
- 10:42But you definitely shouldn't just be
- 10:43like um
- 10:46hopping from strategy to strategy.
- 10:48That's what a lot of people do
- 10:52when the issue was never the strategy in
- 10:54the first place.
- 10:59But you do need an edge.
- 11:02You do need an edge.
- 11:04Otherwise,
- 11:08you just have variance basically.
- 11:12And eventually you're just going to blow
- 11:13up.
- 11:26But yeah, if you're building a strategy
- 11:28with order flow,
- 11:30just try and stick with it.
- 11:32Hopefully it helps you out and hopefully
- 11:35you can
- 11:37do well with it.
- 11:44But but you know what the best teacher
- 11:46is? Is literally just looking at the
- 11:48charts
- 11:50every day
- 11:53for a long time
- 11:56and then making mistakes that cost you
- 11:57money and then learning from those.
- 11:59That's like the that's like the best way
- 12:02to learn.
- 12:52Yeah,
- 12:54we're coming back a little bit after
- 12:57taking London lows.
- 13:00I got to be careful when we open up here
- 13:02in like six minutes.
- 13:05I am so suspicious of chop today. It it
- 13:09may or may not happen, but
- 13:13I was kind of expecting it a little bit
- 13:15yesterday, but the fact that it didn't
- 13:17happen yesterday and then we had such a
- 13:19large move up and such a large move down
- 13:23and then now the sessions are setting up
- 13:25like this, like
- 13:28I don't like it when London session
- 13:30basically
- 13:31engulfs the Asia session. Like it's
- 13:35bigger than Asia session on both ends.
- 13:38It's kind of weird. I usually like it
- 13:40when
- 13:42at least the highs or the lows haven't
- 13:44been taken.
- 13:48So, it's kind of weird. I do want to see
- 13:50us go lower, but I'm just very
- 13:53suspicious of us
- 13:55doing a bunch of BS. And then, who
- 13:57knows? Maybe maybe we pop back up and
- 14:00then we do some of this and then the 10
- 14:02a.m. candle happens and then we go like
- 14:04that or we go like that. So,
- 14:08I'll just have to wait and see.
- 14:16Yeah, we have Yeah, the new We have um
- 14:20what is it? PMI.
- 14:24We have
- 14:27PMI.
- 14:28So,
- 14:34does anybody know if that government
- 14:35shutdown ended yesterday? Does that is
- 14:37that what happened or is it still going
- 14:39on?
- 14:43I wasn't paying attention.
- 14:50But also
- 14:53because I am kind of suspicious of
- 14:55today.
- 14:57I am already I already have this is now
- 15:00I'm on the seventh cycle of this funded
- 15:02account.
- 15:04So I already have
- 15:07the winning day locked in.
- 15:12The only purpose of trading this is to
- 15:13copy trade it towards my my funded
- 15:15futures account. And I'm going to be
- 15:16going like super small size today
- 15:19because I'm just not very confident in
- 15:21today.
- 15:26So,
- 15:29we'll probably go like three to four.
- 15:31We'll probably go like four micros.
- 15:35Okay, cool. Thanks for telling me
- 15:37shutdown ended yesterday.
- 16:10Happy
- 16:46Oh yeah, and just uh just so you know,
- 16:48if you were here yesterday and you saw
- 16:49me hit profit target on both of Those
- 16:51evals,
- 16:53[snorts]
- 16:53those are gone. I tried to trade silver
- 16:56yesterday and got [Â __Â ] wrecked.
- 17:01So, I blew both of I blew both of those
- 17:03evos,
- 17:11but I passed the MFF one, so we're one
- 17:13for three last night basically,
- 17:18which was disappointing.
- 17:22But, you know, [Â __Â ] happens. I got a uh
- 17:25I had a pretty good month trading silver
- 17:27last month.
- 17:29And um
- 17:32I was trading it the same way like the
- 17:34past few days.
- 17:36It's just moving a little differently
- 17:41and I'm getting wrecked. So, I think I'm
- 17:42gonna I think I'm going to take a little
- 17:44break on uh
- 17:47silver unless there's like a big move
- 17:48that I can try and catch.
- 17:52Sometimes when it's just whiplashing
- 17:54around like I'm right on the direction,
- 17:56but I just because I'm using heavy size
- 17:59trying to like fullport the evolves, I
- 18:00just don't have enough breathing. I
- 18:02don't give myself enough breathing room.
- 18:04But sometimes it's hard because I mean
- 18:07[Â __Â ] one micro, dude, it's like $5 a
- 18:09tick.
- 18:11It needs to literally go in your
- 18:12direction immediately.
- 18:19Yeah, I use silver to pass evals. I was
- 18:21trading silver a lot on this account um
- 18:24last month, but I don't touch it on
- 18:25Well, I take that back. The past like 15
- 18:29days I've been using silver to just like
- 18:31get my $200 days,
- 18:37but
- 18:39I'm going probably chill on that.
- 18:44All right, market's about to open here
- 18:46in like 5 seconds, 10 seconds.
- 19:21So, if we do start continuing down, I'm
- 19:23looking for us to take these lows
- 19:24basically.
- 19:28Although the way that New York's been
- 19:29moving the past couple days is like
- 19:33just picks a direction and [Â __Â ] runs
- 19:38with not really like a opportunity for
- 19:41an entry unless you were to get in
- 19:43basically right here right at the open.
- 19:45I don't want to do that.
- 20:04So target first target is here, but we'd
- 20:08be watching it really to come down to
- 20:10180.
- 20:19But I can't do anything right now. I'm
- 20:20just gonna like you can
- 20:25I just don't like
- 20:28piling into the move while it's
- 20:29happening. Sometimes I do it, but I
- 20:31don't I'm not feeling it today. I don't
- 20:33want it to like I get in and then it
- 20:36just snaps all the way back up and then
- 20:38comes back down. So I'd rather just
- 20:41wait.
- 20:51Although so far it looks pretty good
- 20:53though. We were saying we wanted it to
- 20:54come lower, start taking out some of
- 20:57these lows from uh the higher time frame
- 20:59range and discount.
- 21:03It's playing out which is good.
- 21:05Unfortunately, couldn't get an entry.
- 21:08They just [Â __Â ] jumped off a cliff
- 21:10right at the open. Not even a wick.
- 21:14Not even a wick on the other side.
- 21:17Just immediately 150 points.
- 21:33We'll see if there's an opportunity. If
- 21:35we don't take these lows and we can get
- 21:37a new open of a fivem minute candle,
- 21:40which I doubt, but if it happens, maybe
- 21:42we can
- 21:45take some lowhanging fruit to go target
- 21:47the lows here. I'd be pretty surprised
- 21:49if we just ended up coming right here
- 21:51and never took these lows and snap all
- 21:53the way back up to just start running.
- 22:05So, we'll wait for the five minute to
- 22:06close. If we still don't take these lows
- 22:08and it doesn't look absolutely
- 22:11disgusting on this five minute, like if
- 22:13there's not just a massive wick,
- 22:15then
- 22:17there may be an opportunity to
- 22:21try to short
- 22:24and just target these lows. It'd be
- 22:26pretty shitty risk-to-reward, but it's
- 22:27just kind of lowhanging fruit. So, I'd
- 22:30still take it
- 22:33unless this fiveminute candle just rips
- 22:35down right now and takes it all out and
- 22:36then
- 22:38then there's nothing I can do about it.
- 23:09>> [snorts]
- 23:33>> Damn, you guys are scalping longs right
- 23:36there. It's ballsy
- 23:39before it takes the lows. Ballsy, but
- 23:42that's good if you're up.
- 23:56All right, the new five minute opened
- 23:58up, so I'm going to um
- 24:00give it a second.
- 24:11Again, what I'm thinking in the back of
- 24:13my head right now, though, is I do need
- 24:14to be careful of like
- 24:18chop.
- 24:20I'd rather I already have my $200 on the
- 24:23day, right? And I don't have um
- 24:31I'm down a little bit on the my funded
- 24:33futures account. I'm down like a hundred
- 24:34bucks or something, but I'd rather not
- 24:38I'd rather just be careful to
- 24:43Although if I would be watching like
- 24:48I wouldn't want us to close. If we're
- 24:51going to actually take those lows, I
- 24:53wouldn't want us to start getting above
- 24:55this area,
- 24:57above the open.
- 25:00Although that sucks. If anyone was in
- 25:02shorts
- 25:04and was at break even targeting lows and
- 25:08just snap back like that, that's nasty.
- 25:17But this is making me think that we are
- 25:21more more more likely this morning to
- 25:23potentially chop while we wait for news.
- 25:27So,
- 25:30we're just going to
- 25:32sit on our hands
- 25:39even though it might be boring. I'm
- 25:41going to sit on our unless unless this
- 25:42starts to flip. If this creates a
- 25:44massive wick right here and starts
- 25:46pummeling back down,
- 25:49I might get in on it.
- 25:52But look what the 15minute is doing.
- 25:55Disgusting.
- 25:58>> It's pretty nasty.
- 26:26uh with Ninja Trader. No,
- 26:30technically my account with my funded
- 26:32futures is like through trade of eight
- 26:34which trade of a Ninja Trader damn near
- 26:37the same [Â __Â ] Basically the same
- 26:39company.
- 26:41Um, but I don't have any issues
- 26:44>> when I logged in this morning.
- 27:25Thank god we didn't try and jump in on
- 27:27that down here while I started to run.
- 27:33That would have been a nasty way
- 27:36to start the morning.
- 27:40Big drop on gold.
- 27:47>> I can't do it though.
- 27:50Or can we do it?
- 27:52>> How How big is this?
- 27:57Oh, I shouldn't do it, dude.
- 28:02Chase a silver drop.
- 28:09Not today, demons. I'm not going to do
- 28:11it today. We're going to just stick with
- 28:12NQ.
- 28:14I guarantee you the the moment that I
- 28:17get in on silver, I'm going to get
- 28:18wrecked.
- 28:22I literally just was like five minutes
- 28:23ago, I'm like, "Yo, I'm going to chill
- 28:25on silver.
- 28:27So, I better not I better not trade it.
- 28:31It would be stupid of me.
- 28:36I would actually feel [Â __Â ] if I
- 28:39entered in a trade 10 minutes after I
- 28:41said I wasn't going to enter on silver
- 28:43and then I enter on silver and then lose
- 28:45like $500 to $1,000 times two.
- 28:53I probably cry.
- 28:57All right. So, because this 5minute
- 28:59candle and NQ close like this, I I I've
- 29:01made a the executive decision. I'm not
- 29:04touching any of this [Â __Â ] until it
- 29:06gets out of here.
- 29:17Paper tray to release the stress.
- 29:20Dude, I'm not an addict. I don't need a
- 29:22It's okay. I appreciate the
- 29:25recommendation, though.
- 29:31Just sometimes though, like when gold or
- 29:34silver start dropping like that, it just
- 29:37continues, you know,
- 29:40especially because we have these lows
- 29:41right here on silver.
- 29:44We're probably coming down to take this.
- 29:45We're probably coming down to take this.
- 29:47But the the issue with it is like
- 29:50it's so snappy that it could just snap
- 29:52back up here first for 65 ticks and then
- 29:55drop or snap back up here and then drop.
- 30:00And I don't really trade during New
- 30:01York. Uh the medals
- 30:18But what I'm thinking is um
- 30:21what I was potentially anticipating
- 30:23might be happening right now. We may
- 30:26start coming up, but not going to trust
- 30:29it.
- 30:31As long as we're here and here,
- 30:34I think it's probably a better decision
- 30:36for my balance
- 30:40to just sit here and wait for the next
- 30:43fivem minute candle because that fivem
- 30:45minute candle is going to be um
- 30:50the next fivem minute candle is going to
- 30:52be like the first PMI news and then we
- 30:56also have the 10 a.m. candle. Yeah,
- 31:00rocket. But I do want to see these lows
- 31:01get taken out still. But I just like
- 31:07like this right here is such a massive
- 31:10range. And the ATR on a fivem minute
- 31:13candle right now is
- 31:1637 points.
- 31:21If I don't want to have like a 50 point
- 31:23stop loss,
- 31:25I think it's better if I just don't
- 31:27trade this honestly.
- 31:34But it would be nice for it to come down
- 31:36and take out those lows. If it goes
- 31:37down, I want it to go to 180. It's kind
- 31:40of where my
- 31:42Yeah, we didn't finish. Yeah, I agree. I
- 31:45think we should come down there. I'd be
- 31:47kind of surprised if we didn't actually
- 31:49get down there, but
- 31:52you never know.
- 31:59So, I think it's it might be a smart
- 32:01idea to just wait for uh news.
- 32:23Look at this 15-minute candle that's
- 32:25about to close.
- 32:42>> Brian, um, somebody in my chat on
- 32:44YouTube said that trade of eight was
- 32:47down. Is it actually down? Because I
- 32:49have a
- 32:55I'm copy trading a an account on trade
- 32:58of eight.
- 33:01>> Somebody in the YouTube chat was saying
- 33:03that Ninja Trader was down. So, one's
- 33:06down. I assume the other one might be
- 33:07down, too.
- 33:12Yo, Albert, are you still having issues
- 33:14logging in at Ninja Trader?
- 33:25They're having maintenance right now.
- 33:30What a time to have maintenance
- 33:35in the middle of New York open right
- 33:38before news. You're Oh,
- 33:42people being stuck in a position.
- 33:43Rocket, you should try and see if you
- 33:45don't want to be stuck in the position.
- 33:46if you can somehow um
- 33:53like set risk settings. All right, let's
- 33:55see if this candle is going to do
- 33:56anything. I think it might it might not
- 33:58really do anything. Um
- 34:01I think we're actually waiting for the
- 34:0310 a.m. one.
- 34:10What up, Chris Montano?
- 34:12Top step new allocation on gold and
- 34:14silver. You mean are you talking about
- 34:16how they uh limited the contracts?
- 34:24Limited the contracts due to volatility
- 34:29and helping out helping the traders.
- 34:35I got one word for that. Suspicious.
- 34:41You know damn well that people were
- 34:42smacking for over a 100k last week and
- 34:45the week before and the week before full
- 34:48porting silver.
- 34:52Top obviously isn't going to like that.
- 34:55There's other firms that don't even
- 34:56allow you to trade silver.
- 35:00There's some suspicious things going on
- 35:03with Topep in my opinion. They send out
- 35:05a mass email focused traders programs.
- 35:08They changed the payout structure going
- 35:10from end to day. Payouts take slightly
- 35:12longer now.
- 35:14Um
- 35:17they're lowering the amount of damage
- 35:20you can potentially cause the firm with
- 35:24commodities.
- 35:26It's just risk it's just risk management
- 35:29for them. They're trying to prevent
- 35:31themselves from it's like think about it
- 35:33like this. Like
- 35:35it's like you go to a casino and at a
- 35:38casino,
- 35:40you walk into like a table game and they
- 35:43have a a max bet limit. So, they're just
- 35:46lowering their max bet limit. And why do
- 35:49casinos have those? Well, it's to cover
- 35:52variance.
- 35:55So if you have hundreds or thousands of
- 35:58traders who are smacking on variants
- 35:59right now just getting lucky on
- 36:01commodities and then next thing you know
- 36:02they have a 20 30 40 50k balance and all
- 36:07they got to do is just milk $150 days
- 36:10and you have hundreds of accounts like
- 36:12that. So every single time people want
- 36:14payouts they're just milking $150 days
- 36:17like me for five grand a pop. But let's
- 36:20say they have five accounts and they did
- 36:22that on that. Well, it's not really good
- 36:24for the firm.
- 36:26So, it is kind of a it's kind of BS that
- 36:28they did that. Um, but at least they
- 36:32allow you to still trade it.
- 36:35I mean, let's let's be real. Like, five
- 36:38micros on silver, you can still make a
- 36:40crazy amount of money if you catch a
- 36:44good move. So, it's not the end of the
- 36:45world. I know that people are like kind
- 36:47of freaking out over it and they're
- 36:50doing their normal like, "Well, I guess
- 36:52I'm not going to trade with top step
- 36:53anymore." Yeah, cut it out. Yeah, you
- 36:56are.
- 37:03But it's pretty whack. Although, it
- 37:05doesn't really affect me other than like
- 37:07it is kind of whack they did that for
- 37:08gold though because now you can
- 37:10literally only do on a 50k five micros
- 37:12on gold. That's pretty lame. silver
- 37:16being stuck with five micros. That's
- 37:18whatever.
- 37:20It's whatever. I never even went past
- 37:22five micros on silver anyways. And I
- 37:24still made thousands of dollars trading
- 37:27silver. So,
- 37:33all right. Well, at least we made the
- 37:34right decision to not touch this as long
- 37:36as we're inside of this cuz this look
- 37:39this looks gross.
- 37:42Especially when this candle when this
- 37:43candle was coming up here. I'm sure
- 37:46there were a lot of people who tried to
- 37:47go long right here
- 37:50and then just got wrecked because let's
- 37:52say you entered in right here. You would
- 37:54have had to take like 80 points of heat.
- 37:56You definitely would have been stopped
- 37:57out unless you just had like a massive
- 38:00stop loss. But
- 38:11it's better just to not touch this.
- 38:12Don't, if you haven't taken a trade yet
- 38:15and you're looking for a setup, I would
- 38:18highly recommend
- 38:20to just not touch it while it's in here.
- 38:24Just do yourself a favor. Just don't
- 38:26touch it while we're stuck right here.
- 38:39Because let's think about this for a
- 38:41second.
- 38:44Would you rather trade this
- 38:50or would you rather trade this or this?
- 39:00So today is not going to be the last day
- 39:02you're ever going to trade. So just
- 39:03remind yourself that while we're sitting
- 39:05in here.
- 39:10If for whatever reason you're like
- 39:11itching to take a trade and you feel
- 39:14like you need to take a trade
- 39:31on ES. I don't really trade ES, but I'll
- 39:33take a look at it.
- 39:40I think we still have un unfinished
- 39:42business down here on ES and NQ.
- 39:46What the hell? Down here.
- 39:51We have some sellers stepping in right
- 39:53now, but we are pretty we're like 10
- 39:55minutes away from the news.
- 39:59We may just run this before news. But
- 40:03what I don't want to do is like, okay,
- 40:05think about it like this. Let's let's
- 40:06say we're going to go down and let's say
- 40:08we just enter right here. Well, how big
- 40:11is our stop going to need to be? I mean,
- 40:13at least at the top of this candle,
- 40:1662 points
- 40:18while we're still chopping.
- 40:20I can't do it to myself
- 40:23for a for a one to one.
- 40:26I can't do it. I'd rather just wait
- 40:33because who knows how long this is going
- 40:34to last. I don't know how long this is
- 40:36going to last.
- 40:38When whenever we're chopping like this,
- 40:40by the way,
- 40:43it doesn't force participation. So, what
- 40:45does that mean? Well,
- 40:47when we're chopping
- 40:49and if there's stops and limits here and
- 40:53stops and limits here, no type of
- 40:56participation is forced until we start
- 40:58testing these areas and then
- 41:00participation is forced. So until then,
- 41:04and that's responsive behavior, by the
- 41:06way. So until then, this is all just
- 41:09initiative. And what happens with
- 41:11initiative order flow? Well,
- 41:15it can fail. This move can fail right
- 41:18now. It might not because keep in mind,
- 41:21our entire idea this morning was that we
- 41:23were going to go lower and take these
- 41:24lows. And it looks like it's going to do
- 41:27that, but I would rather just not touch
- 41:28it.
- 41:32And if it happens, like let's say right
- 41:34now we could have gotten in. Sure, we
- 41:36could have
- 41:38taken 70 points.
- 41:41>> I would rather not take that trade than
- 41:44try and take that trade and I get just
- 41:46destroyed trying to take it.
- 41:54Not losing in a situation like this is
- 41:57more important to me than winning.
- 42:21And sometimes, you know, we just have to
- 42:22sit here and we got to watch this play
- 42:24out and we're going to miss it. But
- 42:30I mean, it happens.
- 42:33Can't I can't catch every single move
- 42:34that happens in the market. Even though
- 42:36my idea and my analysis may be right and
- 42:39we do do this,
- 42:42I feel like I'm forcing it. It needs to
- 42:44just like happen. It needs to just offer
- 42:46an opportunity and then it just happens.
- 42:48I don't like feeling like I'm forcing
- 42:51it. I don't want to force my analysis
- 42:54even though it looks like it's good.
- 42:55Probably is going to go. We're going to
- 42:57come down to 200. Probably going to
- 42:59spike past 180.
- 43:04Just got to just got to let it go.
- 43:08Unless something happens here that I see
- 43:10that we can try and take a trade. But
- 43:16it's all right
- 43:22because also something too to note in
- 43:24the way that I'm thinking about this
- 43:26right now as well is
- 43:29I already have a winning day locked on
- 43:31this. Like it I have the winning day for
- 43:33this account. Okay. So then what are we
- 43:36risking taking a trade in this position
- 43:38in this type of price action, right?
- 43:41Well, what can probably happen is
- 43:44basically you have me lose a trade. Oh,
- 43:47wait. Give me one second.
- 44:27All right, my bad. So, [clears throat]
- 44:29if I lose my winning day right now, I
- 44:33think you guys can hear me. If I lose my
- 44:35winning day right now, there's not
- 44:36really like an opportunity for me to try
- 44:38and make my money back because of how
- 44:40this is moving. So, I just don't want to
- 44:43put myself in that position.
- 44:49So, we may potentially I want to see
- 44:53basically what I want to see at this
- 44:54point is if we're going to do anything
- 44:57at the new 4 hour open and if we still
- 45:00continue to [Â __Â ] around, I'm probably
- 45:02just going to not trade today.
- 45:05and just save my money for tomorrow
- 45:12because you know what happens after we
- 45:13have a day like this? Well, we may have
- 45:16a pretty big move after that.
- 45:22[snorts]
- 45:33Unless we have a huge move during the PM
- 45:35session, but
- 45:38we will see
- 46:24So, what what might happen, what I'm
- 46:27thinking might happen is if this 4 hour
- 46:30opens, we might just run straight to 180
- 46:39and then maybe start snapping back up
- 46:41into this range.
- 47:05Yo, Rocket, you should try and see if
- 47:07you can go on the risk management. um
- 47:12the risk settings of trade of evade and
- 47:13see if you can just like force yourself
- 47:15on a lockout.
- 47:20I don't know if it works or not, but I
- 47:22would try it at least while you're in
- 47:24profit.
- 47:28But also, if that's happening right now,
- 47:30then I'm kind of even
- 47:32Oh, you got out. Okay, cool.
- 47:49Hold on. What's
- 47:54Okay.
- 47:56So, we're definitely headed to where the
- 47:58target was. So, unfortunately,
- 48:03the plan played out this morning. This
- 48:06was the plan, but
- 48:09just wasn't the delivery I needed for an
- 48:11entry,
- 48:16which is kind of whack, but whatever.
- 48:38The dom works on trading view. Dude, I'm
- 48:41kind of worried I'm gonna enter a trade
- 48:42and then I get out on my top step and I
- 48:45get [Â __Â ] on my my funded futures
- 48:47account.
- 48:49That would suck, dude. And then I'll
- 48:52have to scramble and connect my my [Â __Â ]
- 48:56right here.
- 48:58All right. So, we just took that.
- 49:01So,
- 49:05at this point, if we are going to
- 49:06continue lower, then I'm looking at
- 49:0725,025.
- 49:16We had no wick right here.
- 49:19Open and immediate drop.
- 49:39So, this is kind of what I'm thinking
- 49:41right now.
- 49:46That was kind of like my plan for this
- 49:48morning. before the morning opened up. I
- 49:50wanted to see us come down here and come
- 49:52down here
- 49:54and then we kind of did. We kind of did
- 49:56that. Um, unfortunately, I couldn't get
- 49:59an entry, but at the end of the day,
- 50:03[Â __Â ] happens. And then I already have my
- 50:06winning day on this account, so I think
- 50:07I'm actually just going to stop trading
- 50:10because at this point,
- 50:12I feel like I'd just be forcing. I'd
- 50:15just be just not feeling it. Our
- 50:20plan just played out without us.
- 50:26I'd rather just lock in the winning day
- 50:28so I can continue to muck this account.
- 50:31But if you do keep trading, if we're
- 50:34going to continue lower, then I'm going
- 50:35to target 25,025.
- 50:38That would be the my ultimate target
- 50:41for the shorts today. Okay. I mean, it
- 50:42could go lower, but that's already like
- 50:46350 points from the open.
- 50:52And then at this point, I can't I can't
- 50:54really take a short. It It would
- 50:56actually take probably 30 minutes or so
- 50:59for if I wanted to get a short, I'd
- 51:01probably want to enter somewhere up
- 51:03here.
- 51:05So, for that to happen, it would for
- 51:09something like this, like
- 51:11that would take a while and I don't want
- 51:13to sit through that.
- 51:18So, we're going to call it a day. I'll
- 51:20be back tomorrow, though. No trades for
- 51:22me today.
- 51:26Sometimes it's like that. I'll catch you
- 51:29guys next time. Peace.
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