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No trades today | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 5,030 words · 811 segments · language en · Watch on YouTube

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  1. 0:46What up, Z?
  2. 1:04What up, guys?
  3. 1:14Let's have a good day today
  4. 1:21and let's try not get caught in some
  5. 1:24chop.
  6. 1:26I think it might be I think we I think
  7. 1:29it might be a possibility today. I would
  8. 1:31like to see us
  9. 1:34go lower, but
  10. 1:39the only thing I'm worried about
  11. 1:43is uh
  12. 1:45we had this massive move up on Monday
  13. 1:49and then we basically took it all back
  14. 1:52yesterday
  15. 1:55and then now we have a Asia session.
  16. 1:58Hold on.
  17. 2:01Now we have an Asia session that was
  18. 2:04pretty small and then London took both
  19. 2:06Asia highs and lows. So,
  20. 2:11I would like to see us go lower, but and
  21. 2:14you know, target these lows, target
  22. 2:16these lows,
  23. 2:19but I'm just going to be cautious today
  24. 2:23of a little bit of this.
  25. 2:29Um, I've been trading for
  26. 2:33over three years now.
  27. 2:38Well, at least trading futures every day
  28. 2:40for three years.
  29. 2:52But I used to try I used to try and
  30. 2:53trade like uh
  31. 2:57Forex.
  32. 2:59I used to trade forex like
  33. 3:04eight years ago.
  34. 3:08That that didn't last too long.
  35. 3:19I just pulled a payout on this account
  36. 3:21yesterday. So, what I'm doing right now
  37. 3:24is uh
  38. 3:28I'm going to
  39. 3:34continue to milk this account, but
  40. 3:38I have like a funded account I'm waiting
  41. 3:41to get activated. And then I have
  42. 3:43another one with my funded futures that
  43. 3:46I'll probably just
  44. 3:48try and get a $200 day on or $150 day
  45. 3:52on. Uh I'm 25
  46. 3:56about to be 26.
  47. 4:03[snorts]
  48. 4:18So today I would like to see us go
  49. 4:21lower, but I just know that there is a
  50. 4:23chance that we're we could basically
  51. 4:25just whiplash around. We do have news at
  52. 4:289:45 Eastern as well as 10:00 a.m.
  53. 4:30Eastern. It's like PMI, so
  54. 4:34we'll keep that in mind. For whatever
  55. 4:35reason, if we end up pumping
  56. 4:38um
  57. 4:40if we end up pumping up pumping up here,
  58. 4:44I'm basically going to be watching this
  59. 4:45area [clears throat] to see if we're
  60. 4:47going to then continue our move back
  61. 4:49further lower.
  62. 4:53But I'm only going to um
  63. 5:00as long as we just don't take these lows
  64. 5:03and we pump up here, then I'll be
  65. 5:05looking for a rejection. If for the if
  66. 5:08the situation is we take these lows and
  67. 5:10then we start pumping up, then I won't
  68. 5:12really be looking for a rejection up
  69. 5:14here.
  70. 5:26Yeah, when I was in high school, I was
  71. 5:28trading uh
  72. 5:30forex for a little bit.
  73. 5:39I built I built like a I like bought
  74. 5:41some guy's course and um I took like
  75. 5:45$500. This is before like prop firms or
  76. 5:49that I I knew prop firms. I bought some
  77. 5:51guy's course when I was in high school
  78. 5:53for Forex. And then I uh
  79. 5:57I grew like my $500 to like
  80. 6:02just by copying this dude's trades. He
  81. 6:04would just send like signals every day.
  82. 6:06And I was full porting and I just caught
  83. 6:08him on a good streak. I grew my 500
  84. 6:10bucks to like almost 10 grand. And then
  85. 6:13I tried to like full port the 10 grand
  86. 6:16and then I lost it all. I was devastated
  87. 6:19and I just like quit.
  88. 6:22I just quit. And then I didn't um
  89. 6:28I didn't get back into day trading until
  90. 6:30like 2022.
  91. 6:41But futures in my opinion is way better
  92. 6:43than forex.
  93. 6:48Forex is pretty chill too. I guess
  94. 7:05yeah.
  95. 7:08Did I take a course on futures?
  96. 7:11I mean, bro, just like everybody else,
  97. 7:13you know, I mean, not everybody, but
  98. 7:16majority of people. I'm sitting around
  99. 7:21scrolling on my phone and I see some guy
  100. 7:24make 10 grand in like two seconds and
  101. 7:26I'm just like that looks he made it look
  102. 7:29so easy. He made it look so easy. Let me
  103. 7:32uh
  104. 7:34let me pay this guy $50 a month to
  105. 7:36figure out how to do this, too. So,
  106. 7:38yeah. I mean, I've paid for like Discord
  107. 7:40channels and I've paid for a master
  108. 7:44class which was a total [ __ ] scam.
  109. 7:48And um yeah, and then I realized I don't
  110. 7:52need any of that [ __ ]
  111. 7:55I realized that
  112. 8:00you don't need any of that. All this
  113. 8:02information is free. It's all free
  114. 8:05online.
  115. 8:07And that same person, especially like
  116. 8:09gurus who do like ICT stuff, like
  117. 8:13if you're paying for like a course on
  118. 8:16some guy who has like some type of
  119. 8:19strategy that's proprietary or some type
  120. 8:22of strategy that's like doesn't have a
  121. 8:24lot of information out online.
  122. 8:27Sure, I guess if that's what you want to
  123. 8:29do. But for like ICT, it's crazy that
  124. 8:33most course sellers sell ICT stuff even
  125. 8:37though like it's all free
  126. 8:41and there's so much content of it
  127. 8:43online. It's like why would you
  128. 8:47why would you pay for that? Even ICT
  129. 8:49himself makes the videos free. Like why?
  130. 8:53>> It's just it's funny. But yeah, I've
  131. 8:55paid for courses before.
  132. 9:07But that was a while ago. That was like
  133. 9:09my first year trading.
  134. 9:13And then I realized that no matter what,
  135. 9:15it doesn't matter what somebody teaches
  136. 9:17you realistically. Like
  137. 9:22like we can all all of us sitting here
  138. 9:25watching this, we can all have the same
  139. 9:26strategy. We can all trade the exact
  140. 9:28same way and yet we're all going to have
  141. 9:29different results. Why? Well,
  142. 9:34because that's just how it works.
  143. 9:37You're going to get scared. You're going
  144. 9:39to trail your stop where other person
  145. 9:41won't.
  146. 9:43[clears throat] You're going to be
  147. 9:44willing to stop. The other person's
  148. 9:45going to keep going.
  149. 9:50So,
  150. 9:55paying somebody to learn how to trade is
  151. 9:57like
  152. 10:01you're trying to convince yourself that
  153. 10:03you're uh
  154. 10:05helping yourself out. You're really not.
  155. 10:17I mean there's nothing wrong with uh
  156. 10:20like strategies you know one thing about
  157. 10:23strategies though is that you got to
  158. 10:25understand
  159. 10:27what is your tendency as a trader so
  160. 10:30like what is your what are your
  161. 10:32tendencies or like your personality and
  162. 10:34then there's strategies that will
  163. 10:36complement that and strategies that will
  164. 10:38not complement that.
  165. 10:42But you definitely shouldn't just be
  166. 10:43like um
  167. 10:46hopping from strategy to strategy.
  168. 10:48That's what a lot of people do
  169. 10:52when the issue was never the strategy in
  170. 10:54the first place.
  171. 10:59But you do need an edge.
  172. 11:02You do need an edge.
  173. 11:04Otherwise,
  174. 11:08you just have variance basically.
  175. 11:12And eventually you're just going to blow
  176. 11:13up.
  177. 11:26But yeah, if you're building a strategy
  178. 11:28with order flow,
  179. 11:30just try and stick with it.
  180. 11:32Hopefully it helps you out and hopefully
  181. 11:35you can
  182. 11:37do well with it.
  183. 11:44But but you know what the best teacher
  184. 11:46is? Is literally just looking at the
  185. 11:48charts
  186. 11:50every day
  187. 11:53for a long time
  188. 11:56and then making mistakes that cost you
  189. 11:57money and then learning from those.
  190. 11:59That's like the that's like the best way
  191. 12:02to learn.
  192. 12:52Yeah,
  193. 12:54we're coming back a little bit after
  194. 12:57taking London lows.
  195. 13:00I got to be careful when we open up here
  196. 13:02in like six minutes.
  197. 13:05I am so suspicious of chop today. It it
  198. 13:09may or may not happen, but
  199. 13:13I was kind of expecting it a little bit
  200. 13:15yesterday, but the fact that it didn't
  201. 13:17happen yesterday and then we had such a
  202. 13:19large move up and such a large move down
  203. 13:23and then now the sessions are setting up
  204. 13:25like this, like
  205. 13:28I don't like it when London session
  206. 13:30basically
  207. 13:31engulfs the Asia session. Like it's
  208. 13:35bigger than Asia session on both ends.
  209. 13:38It's kind of weird. I usually like it
  210. 13:40when
  211. 13:42at least the highs or the lows haven't
  212. 13:44been taken.
  213. 13:48So, it's kind of weird. I do want to see
  214. 13:50us go lower, but I'm just very
  215. 13:53suspicious of us
  216. 13:55doing a bunch of BS. And then, who
  217. 13:57knows? Maybe maybe we pop back up and
  218. 14:00then we do some of this and then the 10
  219. 14:02a.m. candle happens and then we go like
  220. 14:04that or we go like that. So,
  221. 14:08I'll just have to wait and see.
  222. 14:16Yeah, we have Yeah, the new We have um
  223. 14:20what is it? PMI.
  224. 14:24We have
  225. 14:27PMI.
  226. 14:28So,
  227. 14:34does anybody know if that government
  228. 14:35shutdown ended yesterday? Does that is
  229. 14:37that what happened or is it still going
  230. 14:39on?
  231. 14:43I wasn't paying attention.
  232. 14:50But also
  233. 14:53because I am kind of suspicious of
  234. 14:55today.
  235. 14:57I am already I already have this is now
  236. 15:00I'm on the seventh cycle of this funded
  237. 15:02account.
  238. 15:04So I already have
  239. 15:07the winning day locked in.
  240. 15:12The only purpose of trading this is to
  241. 15:13copy trade it towards my my funded
  242. 15:15futures account. And I'm going to be
  243. 15:16going like super small size today
  244. 15:19because I'm just not very confident in
  245. 15:21today.
  246. 15:26So,
  247. 15:29we'll probably go like three to four.
  248. 15:31We'll probably go like four micros.
  249. 15:35Okay, cool. Thanks for telling me
  250. 15:37shutdown ended yesterday.
  251. 16:10Happy
  252. 16:46Oh yeah, and just uh just so you know,
  253. 16:48if you were here yesterday and you saw
  254. 16:49me hit profit target on both of Those
  255. 16:51evals,
  256. 16:53[snorts]
  257. 16:53those are gone. I tried to trade silver
  258. 16:56yesterday and got [ __ ] wrecked.
  259. 17:01So, I blew both of I blew both of those
  260. 17:03evos,
  261. 17:11but I passed the MFF one, so we're one
  262. 17:13for three last night basically,
  263. 17:18which was disappointing.
  264. 17:22But, you know, [ __ ] happens. I got a uh
  265. 17:25I had a pretty good month trading silver
  266. 17:27last month.
  267. 17:29And um
  268. 17:32I was trading it the same way like the
  269. 17:34past few days.
  270. 17:36It's just moving a little differently
  271. 17:41and I'm getting wrecked. So, I think I'm
  272. 17:42gonna I think I'm going to take a little
  273. 17:44break on uh
  274. 17:47silver unless there's like a big move
  275. 17:48that I can try and catch.
  276. 17:52Sometimes when it's just whiplashing
  277. 17:54around like I'm right on the direction,
  278. 17:56but I just because I'm using heavy size
  279. 17:59trying to like fullport the evolves, I
  280. 18:00just don't have enough breathing. I
  281. 18:02don't give myself enough breathing room.
  282. 18:04But sometimes it's hard because I mean
  283. 18:07[ __ ] one micro, dude, it's like $5 a
  284. 18:09tick.
  285. 18:11It needs to literally go in your
  286. 18:12direction immediately.
  287. 18:19Yeah, I use silver to pass evals. I was
  288. 18:21trading silver a lot on this account um
  289. 18:24last month, but I don't touch it on
  290. 18:25Well, I take that back. The past like 15
  291. 18:29days I've been using silver to just like
  292. 18:31get my $200 days,
  293. 18:37but
  294. 18:39I'm going probably chill on that.
  295. 18:44All right, market's about to open here
  296. 18:46in like 5 seconds, 10 seconds.
  297. 19:21So, if we do start continuing down, I'm
  298. 19:23looking for us to take these lows
  299. 19:24basically.
  300. 19:28Although the way that New York's been
  301. 19:29moving the past couple days is like
  302. 19:33just picks a direction and [ __ ] runs
  303. 19:38with not really like a opportunity for
  304. 19:41an entry unless you were to get in
  305. 19:43basically right here right at the open.
  306. 19:45I don't want to do that.
  307. 20:04So target first target is here, but we'd
  308. 20:08be watching it really to come down to
  309. 20:10180.
  310. 20:19But I can't do anything right now. I'm
  311. 20:20just gonna like you can
  312. 20:25I just don't like
  313. 20:28piling into the move while it's
  314. 20:29happening. Sometimes I do it, but I
  315. 20:31don't I'm not feeling it today. I don't
  316. 20:33want it to like I get in and then it
  317. 20:36just snaps all the way back up and then
  318. 20:38comes back down. So I'd rather just
  319. 20:41wait.
  320. 20:51Although so far it looks pretty good
  321. 20:53though. We were saying we wanted it to
  322. 20:54come lower, start taking out some of
  323. 20:57these lows from uh the higher time frame
  324. 20:59range and discount.
  325. 21:03It's playing out which is good.
  326. 21:05Unfortunately, couldn't get an entry.
  327. 21:08They just [ __ ] jumped off a cliff
  328. 21:10right at the open. Not even a wick.
  329. 21:14Not even a wick on the other side.
  330. 21:17Just immediately 150 points.
  331. 21:33We'll see if there's an opportunity. If
  332. 21:35we don't take these lows and we can get
  333. 21:37a new open of a fivem minute candle,
  334. 21:40which I doubt, but if it happens, maybe
  335. 21:42we can
  336. 21:45take some lowhanging fruit to go target
  337. 21:47the lows here. I'd be pretty surprised
  338. 21:49if we just ended up coming right here
  339. 21:51and never took these lows and snap all
  340. 21:53the way back up to just start running.
  341. 22:05So, we'll wait for the five minute to
  342. 22:06close. If we still don't take these lows
  343. 22:08and it doesn't look absolutely
  344. 22:11disgusting on this five minute, like if
  345. 22:13there's not just a massive wick,
  346. 22:15then
  347. 22:17there may be an opportunity to
  348. 22:21try to short
  349. 22:24and just target these lows. It'd be
  350. 22:26pretty shitty risk-to-reward, but it's
  351. 22:27just kind of lowhanging fruit. So, I'd
  352. 22:30still take it
  353. 22:33unless this fiveminute candle just rips
  354. 22:35down right now and takes it all out and
  355. 22:36then
  356. 22:38then there's nothing I can do about it.
  357. 23:09>> [snorts]
  358. 23:33>> Damn, you guys are scalping longs right
  359. 23:36there. It's ballsy
  360. 23:39before it takes the lows. Ballsy, but
  361. 23:42that's good if you're up.
  362. 23:56All right, the new five minute opened
  363. 23:58up, so I'm going to um
  364. 24:00give it a second.
  365. 24:11Again, what I'm thinking in the back of
  366. 24:13my head right now, though, is I do need
  367. 24:14to be careful of like
  368. 24:18chop.
  369. 24:20I'd rather I already have my $200 on the
  370. 24:23day, right? And I don't have um
  371. 24:31I'm down a little bit on the my funded
  372. 24:33futures account. I'm down like a hundred
  373. 24:34bucks or something, but I'd rather not
  374. 24:38I'd rather just be careful to
  375. 24:43Although if I would be watching like
  376. 24:48I wouldn't want us to close. If we're
  377. 24:51going to actually take those lows, I
  378. 24:53wouldn't want us to start getting above
  379. 24:55this area,
  380. 24:57above the open.
  381. 25:00Although that sucks. If anyone was in
  382. 25:02shorts
  383. 25:04and was at break even targeting lows and
  384. 25:08just snap back like that, that's nasty.
  385. 25:17But this is making me think that we are
  386. 25:21more more more likely this morning to
  387. 25:23potentially chop while we wait for news.
  388. 25:27So,
  389. 25:30we're just going to
  390. 25:32sit on our hands
  391. 25:39even though it might be boring. I'm
  392. 25:41going to sit on our unless unless this
  393. 25:42starts to flip. If this creates a
  394. 25:44massive wick right here and starts
  395. 25:46pummeling back down,
  396. 25:49I might get in on it.
  397. 25:52But look what the 15minute is doing.
  398. 25:55Disgusting.
  399. 25:58>> It's pretty nasty.
  400. 26:26uh with Ninja Trader. No,
  401. 26:30technically my account with my funded
  402. 26:32futures is like through trade of eight
  403. 26:34which trade of a Ninja Trader damn near
  404. 26:37the same [ __ ] Basically the same
  405. 26:39company.
  406. 26:41Um, but I don't have any issues
  407. 26:44>> when I logged in this morning.
  408. 27:25Thank god we didn't try and jump in on
  409. 27:27that down here while I started to run.
  410. 27:33That would have been a nasty way
  411. 27:36to start the morning.
  412. 27:40Big drop on gold.
  413. 27:47>> I can't do it though.
  414. 27:50Or can we do it?
  415. 27:52>> How How big is this?
  416. 27:57Oh, I shouldn't do it, dude.
  417. 28:02Chase a silver drop.
  418. 28:09Not today, demons. I'm not going to do
  419. 28:11it today. We're going to just stick with
  420. 28:12NQ.
  421. 28:14I guarantee you the the moment that I
  422. 28:17get in on silver, I'm going to get
  423. 28:18wrecked.
  424. 28:22I literally just was like five minutes
  425. 28:23ago, I'm like, "Yo, I'm going to chill
  426. 28:25on silver.
  427. 28:27So, I better not I better not trade it.
  428. 28:31It would be stupid of me.
  429. 28:36I would actually feel [ __ ] if I
  430. 28:39entered in a trade 10 minutes after I
  431. 28:41said I wasn't going to enter on silver
  432. 28:43and then I enter on silver and then lose
  433. 28:45like $500 to $1,000 times two.
  434. 28:53I probably cry.
  435. 28:57All right. So, because this 5minute
  436. 28:59candle and NQ close like this, I I I've
  437. 29:01made a the executive decision. I'm not
  438. 29:04touching any of this [ __ ] until it
  439. 29:06gets out of here.
  440. 29:17Paper tray to release the stress.
  441. 29:20Dude, I'm not an addict. I don't need a
  442. 29:22It's okay. I appreciate the
  443. 29:25recommendation, though.
  444. 29:31Just sometimes though, like when gold or
  445. 29:34silver start dropping like that, it just
  446. 29:37continues, you know,
  447. 29:40especially because we have these lows
  448. 29:41right here on silver.
  449. 29:44We're probably coming down to take this.
  450. 29:45We're probably coming down to take this.
  451. 29:47But the the issue with it is like
  452. 29:50it's so snappy that it could just snap
  453. 29:52back up here first for 65 ticks and then
  454. 29:55drop or snap back up here and then drop.
  455. 30:00And I don't really trade during New
  456. 30:01York. Uh the medals
  457. 30:18But what I'm thinking is um
  458. 30:21what I was potentially anticipating
  459. 30:23might be happening right now. We may
  460. 30:26start coming up, but not going to trust
  461. 30:29it.
  462. 30:31As long as we're here and here,
  463. 30:34I think it's probably a better decision
  464. 30:36for my balance
  465. 30:40to just sit here and wait for the next
  466. 30:43fivem minute candle because that fivem
  467. 30:45minute candle is going to be um
  468. 30:50the next fivem minute candle is going to
  469. 30:52be like the first PMI news and then we
  470. 30:56also have the 10 a.m. candle. Yeah,
  471. 31:00rocket. But I do want to see these lows
  472. 31:01get taken out still. But I just like
  473. 31:07like this right here is such a massive
  474. 31:10range. And the ATR on a fivem minute
  475. 31:13candle right now is
  476. 31:1637 points.
  477. 31:21If I don't want to have like a 50 point
  478. 31:23stop loss,
  479. 31:25I think it's better if I just don't
  480. 31:27trade this honestly.
  481. 31:34But it would be nice for it to come down
  482. 31:36and take out those lows. If it goes
  483. 31:37down, I want it to go to 180. It's kind
  484. 31:40of where my
  485. 31:42Yeah, we didn't finish. Yeah, I agree. I
  486. 31:45think we should come down there. I'd be
  487. 31:47kind of surprised if we didn't actually
  488. 31:49get down there, but
  489. 31:52you never know.
  490. 31:59So, I think it's it might be a smart
  491. 32:01idea to just wait for uh news.
  492. 32:23Look at this 15-minute candle that's
  493. 32:25about to close.
  494. 32:42>> Brian, um, somebody in my chat on
  495. 32:44YouTube said that trade of eight was
  496. 32:47down. Is it actually down? Because I
  497. 32:49have a
  498. 32:55I'm copy trading a an account on trade
  499. 32:58of eight.
  500. 33:01>> Somebody in the YouTube chat was saying
  501. 33:03that Ninja Trader was down. So, one's
  502. 33:06down. I assume the other one might be
  503. 33:07down, too.
  504. 33:12Yo, Albert, are you still having issues
  505. 33:14logging in at Ninja Trader?
  506. 33:25They're having maintenance right now.
  507. 33:30What a time to have maintenance
  508. 33:35in the middle of New York open right
  509. 33:38before news. You're Oh,
  510. 33:42people being stuck in a position.
  511. 33:43Rocket, you should try and see if you
  512. 33:45don't want to be stuck in the position.
  513. 33:46if you can somehow um
  514. 33:53like set risk settings. All right, let's
  515. 33:55see if this candle is going to do
  516. 33:56anything. I think it might it might not
  517. 33:58really do anything. Um
  518. 34:01I think we're actually waiting for the
  519. 34:0310 a.m. one.
  520. 34:10What up, Chris Montano?
  521. 34:12Top step new allocation on gold and
  522. 34:14silver. You mean are you talking about
  523. 34:16how they uh limited the contracts?
  524. 34:24Limited the contracts due to volatility
  525. 34:29and helping out helping the traders.
  526. 34:35I got one word for that. Suspicious.
  527. 34:41You know damn well that people were
  528. 34:42smacking for over a 100k last week and
  529. 34:45the week before and the week before full
  530. 34:48porting silver.
  531. 34:52Top obviously isn't going to like that.
  532. 34:55There's other firms that don't even
  533. 34:56allow you to trade silver.
  534. 35:00There's some suspicious things going on
  535. 35:03with Topep in my opinion. They send out
  536. 35:05a mass email focused traders programs.
  537. 35:08They changed the payout structure going
  538. 35:10from end to day. Payouts take slightly
  539. 35:12longer now.
  540. 35:14Um
  541. 35:17they're lowering the amount of damage
  542. 35:20you can potentially cause the firm with
  543. 35:24commodities.
  544. 35:26It's just risk it's just risk management
  545. 35:29for them. They're trying to prevent
  546. 35:31themselves from it's like think about it
  547. 35:33like this. Like
  548. 35:35it's like you go to a casino and at a
  549. 35:38casino,
  550. 35:40you walk into like a table game and they
  551. 35:43have a a max bet limit. So, they're just
  552. 35:46lowering their max bet limit. And why do
  553. 35:49casinos have those? Well, it's to cover
  554. 35:52variance.
  555. 35:55So if you have hundreds or thousands of
  556. 35:58traders who are smacking on variants
  557. 35:59right now just getting lucky on
  558. 36:01commodities and then next thing you know
  559. 36:02they have a 20 30 40 50k balance and all
  560. 36:07they got to do is just milk $150 days
  561. 36:10and you have hundreds of accounts like
  562. 36:12that. So every single time people want
  563. 36:14payouts they're just milking $150 days
  564. 36:17like me for five grand a pop. But let's
  565. 36:20say they have five accounts and they did
  566. 36:22that on that. Well, it's not really good
  567. 36:24for the firm.
  568. 36:26So, it is kind of a it's kind of BS that
  569. 36:28they did that. Um, but at least they
  570. 36:32allow you to still trade it.
  571. 36:35I mean, let's let's be real. Like, five
  572. 36:38micros on silver, you can still make a
  573. 36:40crazy amount of money if you catch a
  574. 36:44good move. So, it's not the end of the
  575. 36:45world. I know that people are like kind
  576. 36:47of freaking out over it and they're
  577. 36:50doing their normal like, "Well, I guess
  578. 36:52I'm not going to trade with top step
  579. 36:53anymore." Yeah, cut it out. Yeah, you
  580. 36:56are.
  581. 37:03But it's pretty whack. Although, it
  582. 37:05doesn't really affect me other than like
  583. 37:07it is kind of whack they did that for
  584. 37:08gold though because now you can
  585. 37:10literally only do on a 50k five micros
  586. 37:12on gold. That's pretty lame. silver
  587. 37:16being stuck with five micros. That's
  588. 37:18whatever.
  589. 37:20It's whatever. I never even went past
  590. 37:22five micros on silver anyways. And I
  591. 37:24still made thousands of dollars trading
  592. 37:27silver. So,
  593. 37:33all right. Well, at least we made the
  594. 37:34right decision to not touch this as long
  595. 37:36as we're inside of this cuz this look
  596. 37:39this looks gross.
  597. 37:42Especially when this candle when this
  598. 37:43candle was coming up here. I'm sure
  599. 37:46there were a lot of people who tried to
  600. 37:47go long right here
  601. 37:50and then just got wrecked because let's
  602. 37:52say you entered in right here. You would
  603. 37:54have had to take like 80 points of heat.
  604. 37:56You definitely would have been stopped
  605. 37:57out unless you just had like a massive
  606. 38:00stop loss. But
  607. 38:11it's better just to not touch this.
  608. 38:12Don't, if you haven't taken a trade yet
  609. 38:15and you're looking for a setup, I would
  610. 38:18highly recommend
  611. 38:20to just not touch it while it's in here.
  612. 38:24Just do yourself a favor. Just don't
  613. 38:26touch it while we're stuck right here.
  614. 38:39Because let's think about this for a
  615. 38:41second.
  616. 38:44Would you rather trade this
  617. 38:50or would you rather trade this or this?
  618. 39:00So today is not going to be the last day
  619. 39:02you're ever going to trade. So just
  620. 39:03remind yourself that while we're sitting
  621. 39:05in here.
  622. 39:10If for whatever reason you're like
  623. 39:11itching to take a trade and you feel
  624. 39:14like you need to take a trade
  625. 39:31on ES. I don't really trade ES, but I'll
  626. 39:33take a look at it.
  627. 39:40I think we still have un unfinished
  628. 39:42business down here on ES and NQ.
  629. 39:46What the hell? Down here.
  630. 39:51We have some sellers stepping in right
  631. 39:53now, but we are pretty we're like 10
  632. 39:55minutes away from the news.
  633. 39:59We may just run this before news. But
  634. 40:03what I don't want to do is like, okay,
  635. 40:05think about it like this. Let's let's
  636. 40:06say we're going to go down and let's say
  637. 40:08we just enter right here. Well, how big
  638. 40:11is our stop going to need to be? I mean,
  639. 40:13at least at the top of this candle,
  640. 40:1662 points
  641. 40:18while we're still chopping.
  642. 40:20I can't do it to myself
  643. 40:23for a for a one to one.
  644. 40:26I can't do it. I'd rather just wait
  645. 40:33because who knows how long this is going
  646. 40:34to last. I don't know how long this is
  647. 40:36going to last.
  648. 40:38When whenever we're chopping like this,
  649. 40:40by the way,
  650. 40:43it doesn't force participation. So, what
  651. 40:45does that mean? Well,
  652. 40:47when we're chopping
  653. 40:49and if there's stops and limits here and
  654. 40:53stops and limits here, no type of
  655. 40:56participation is forced until we start
  656. 40:58testing these areas and then
  657. 41:00participation is forced. So until then,
  658. 41:04and that's responsive behavior, by the
  659. 41:06way. So until then, this is all just
  660. 41:09initiative. And what happens with
  661. 41:11initiative order flow? Well,
  662. 41:15it can fail. This move can fail right
  663. 41:18now. It might not because keep in mind,
  664. 41:21our entire idea this morning was that we
  665. 41:23were going to go lower and take these
  666. 41:24lows. And it looks like it's going to do
  667. 41:27that, but I would rather just not touch
  668. 41:28it.
  669. 41:32And if it happens, like let's say right
  670. 41:34now we could have gotten in. Sure, we
  671. 41:36could have
  672. 41:38taken 70 points.
  673. 41:41>> I would rather not take that trade than
  674. 41:44try and take that trade and I get just
  675. 41:46destroyed trying to take it.
  676. 41:54Not losing in a situation like this is
  677. 41:57more important to me than winning.
  678. 42:21And sometimes, you know, we just have to
  679. 42:22sit here and we got to watch this play
  680. 42:24out and we're going to miss it. But
  681. 42:30I mean, it happens.
  682. 42:33Can't I can't catch every single move
  683. 42:34that happens in the market. Even though
  684. 42:36my idea and my analysis may be right and
  685. 42:39we do do this,
  686. 42:42I feel like I'm forcing it. It needs to
  687. 42:44just like happen. It needs to just offer
  688. 42:46an opportunity and then it just happens.
  689. 42:48I don't like feeling like I'm forcing
  690. 42:51it. I don't want to force my analysis
  691. 42:54even though it looks like it's good.
  692. 42:55Probably is going to go. We're going to
  693. 42:57come down to 200. Probably going to
  694. 42:59spike past 180.
  695. 43:04Just got to just got to let it go.
  696. 43:08Unless something happens here that I see
  697. 43:10that we can try and take a trade. But
  698. 43:16it's all right
  699. 43:22because also something too to note in
  700. 43:24the way that I'm thinking about this
  701. 43:26right now as well is
  702. 43:29I already have a winning day locked on
  703. 43:31this. Like it I have the winning day for
  704. 43:33this account. Okay. So then what are we
  705. 43:36risking taking a trade in this position
  706. 43:38in this type of price action, right?
  707. 43:41Well, what can probably happen is
  708. 43:44basically you have me lose a trade. Oh,
  709. 43:47wait. Give me one second.
  710. 44:27All right, my bad. So, [clears throat]
  711. 44:29if I lose my winning day right now, I
  712. 44:33think you guys can hear me. If I lose my
  713. 44:35winning day right now, there's not
  714. 44:36really like an opportunity for me to try
  715. 44:38and make my money back because of how
  716. 44:40this is moving. So, I just don't want to
  717. 44:43put myself in that position.
  718. 44:49So, we may potentially I want to see
  719. 44:53basically what I want to see at this
  720. 44:54point is if we're going to do anything
  721. 44:57at the new 4 hour open and if we still
  722. 45:00continue to [ __ ] around, I'm probably
  723. 45:02just going to not trade today.
  724. 45:05and just save my money for tomorrow
  725. 45:12because you know what happens after we
  726. 45:13have a day like this? Well, we may have
  727. 45:16a pretty big move after that.
  728. 45:22[snorts]
  729. 45:33Unless we have a huge move during the PM
  730. 45:35session, but
  731. 45:38we will see
  732. 46:24So, what what might happen, what I'm
  733. 46:27thinking might happen is if this 4 hour
  734. 46:30opens, we might just run straight to 180
  735. 46:39and then maybe start snapping back up
  736. 46:41into this range.
  737. 47:05Yo, Rocket, you should try and see if
  738. 47:07you can go on the risk management. um
  739. 47:12the risk settings of trade of evade and
  740. 47:13see if you can just like force yourself
  741. 47:15on a lockout.
  742. 47:20I don't know if it works or not, but I
  743. 47:22would try it at least while you're in
  744. 47:24profit.
  745. 47:28But also, if that's happening right now,
  746. 47:30then I'm kind of even
  747. 47:32Oh, you got out. Okay, cool.
  748. 47:49Hold on. What's
  749. 47:54Okay.
  750. 47:56So, we're definitely headed to where the
  751. 47:58target was. So, unfortunately,
  752. 48:03the plan played out this morning. This
  753. 48:06was the plan, but
  754. 48:09just wasn't the delivery I needed for an
  755. 48:11entry,
  756. 48:16which is kind of whack, but whatever.
  757. 48:38The dom works on trading view. Dude, I'm
  758. 48:41kind of worried I'm gonna enter a trade
  759. 48:42and then I get out on my top step and I
  760. 48:45get [ __ ] on my my funded futures
  761. 48:47account.
  762. 48:49That would suck, dude. And then I'll
  763. 48:52have to scramble and connect my my [ __ ]
  764. 48:56right here.
  765. 48:58All right. So, we just took that.
  766. 49:01So,
  767. 49:05at this point, if we are going to
  768. 49:06continue lower, then I'm looking at
  769. 49:0725,025.
  770. 49:16We had no wick right here.
  771. 49:19Open and immediate drop.
  772. 49:39So, this is kind of what I'm thinking
  773. 49:41right now.
  774. 49:46That was kind of like my plan for this
  775. 49:48morning. before the morning opened up. I
  776. 49:50wanted to see us come down here and come
  777. 49:52down here
  778. 49:54and then we kind of did. We kind of did
  779. 49:56that. Um, unfortunately, I couldn't get
  780. 49:59an entry, but at the end of the day,
  781. 50:03[ __ ] happens. And then I already have my
  782. 50:06winning day on this account, so I think
  783. 50:07I'm actually just going to stop trading
  784. 50:10because at this point,
  785. 50:12I feel like I'd just be forcing. I'd
  786. 50:15just be just not feeling it. Our
  787. 50:20plan just played out without us.
  788. 50:26I'd rather just lock in the winning day
  789. 50:28so I can continue to muck this account.
  790. 50:31But if you do keep trading, if we're
  791. 50:34going to continue lower, then I'm going
  792. 50:35to target 25,025.
  793. 50:38That would be the my ultimate target
  794. 50:41for the shorts today. Okay. I mean, it
  795. 50:42could go lower, but that's already like
  796. 50:46350 points from the open.
  797. 50:52And then at this point, I can't I can't
  798. 50:54really take a short. It It would
  799. 50:56actually take probably 30 minutes or so
  800. 50:59for if I wanted to get a short, I'd
  801. 51:01probably want to enter somewhere up
  802. 51:03here.
  803. 51:05So, for that to happen, it would for
  804. 51:09something like this, like
  805. 51:11that would take a while and I don't want
  806. 51:13to sit through that.
  807. 51:18So, we're going to call it a day. I'll
  808. 51:20be back tomorrow, though. No trades for
  809. 51:22me today.
  810. 51:26Sometimes it's like that. I'll catch you
  811. 51:29guys next time. Peace.

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