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Passed Another Evaluation Account |🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 10,331 words · 1,670 segments · language en · Watch on YouTube

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0:40All right, we are back for another day.
0:46It is a Monday. Let me see if we have
0:48any news today.
0:57We don't have any news today,
1:00so we should
1:02be careful
1:05realistically
1:20All right, let's take a look at what
1:22happened overnight.
1:38What's up, bro? Let's see. Tomorrow is
1:41non-farm payroll.
1:45Oo, tomorrow is non-farm payroll.
1:51That is good to know. Thanks for telling
1:53me that. I was just taking a look right
1:55now.
2:00So, realistically,
2:06I mean, look at this. What a pump
2:09overnight.
2:12We opened up and dropped down. didn't
2:15take the lows and then
2:17what is this
2:20250 points up
2:23both Asia and London closed bullish.
2:28So
2:30I would be expecting New York to
2:34come back a little bit but
2:39it's not a good idea to try and call the
2:41top of this. I mean
2:45because there's no news today
2:49and we have non-farm payroll tomorrow
2:53and unemployment the unemployment rate
2:55non-farm payroll.
2:58Um,
3:02today is a day where got to be a little
3:05careful just in case.
3:14So, we're going to see what we can do.
3:16Today,
3:18I am working on
3:21this funded account. We're like three
3:22days in on this one.
3:26and uh
3:29three winning days. We need two more
3:30winning days and we can pull a payout.
3:31But realistically, I'm trying to get
3:33this past uh more of a buffer so that
3:36when I do pull a payout, it's not like
3:38I'm just basically blowing the account.
3:42And then I have this account which we
3:45passed on Friday and then I ended up
3:47taking a trade on it. So,
3:50we're up 300 bucks on this one. We'll
3:53see if we can make some progress with it
3:55today.
3:57And then I do have another combine
3:58that's halfway done. So
4:02maybe we full port that one today
4:08and prepare for tomorrow.
4:12But depending on what happens today when
4:13we open up here in about you know 12
4:15minutes or so
4:17is I'm I am going to be a little
4:19cautious and there is a chance that
4:23I may or may not trade my funded account
4:26depending on what price action is
4:28looking like. I also have this eval that
4:32I have to work on. So,
4:38got a couple evals, couple funded
4:40accounts.
4:44What up, bro?
4:46So, a couple evals, couple funded
4:48accounts. We will try and at the very
4:51minimum see if we can make some progress
4:54on some evals.
4:56Realistically,
4:59there is a pretty good chance that I'm
5:01probably going to uh full port this EVO
5:04just to see if we can um pass it so we
5:07could have three funded accounts with
5:08Topep again.
5:11See, the issue is is that last month
5:14when I went on my trip, I was gone for a
5:16month and I was trading just on my phone
5:21and where I was at, I was in Thailand.
5:23So, market opened at like 9:30. Chances
5:26are I was already drinking and I blew
5:29like eight funded accounts while I was
5:32out there. So, this month we're starting
5:35from scratch
5:37and I have to build back the funded
5:39army. So, right now we got three funded
5:41accounts. have one with alpha futures,
5:44but
5:46I need to get back to being five funded
5:49accounts on top and at least two funded
5:52accounts on alpha futures
5:55and then I'll feel comfortable again.
5:57So, I'm kind of in the trenches, but
6:00we'll get out the trenches.
6:03I started trading like uh last week was
6:06my first week trading this month. So, we
6:08have no payouts yet this month. We have
6:11about like $500 in uh
6:15prop firm expenses that we paid. So, we
6:18need a payout to stay net positive on
6:21the month. We need a payout. Can't [ __ ]
6:23it up. Otherwise, it'll be like the
6:26first month in
6:28five or six months where I won't be net
6:32positive, which is not good because
6:35we're here to try and make money.
6:39But anyways,
6:41gonna be a little cautious today. We're
6:42going to see what happens at market
6:44open. We are kind of in the middle of
6:46this uh massive drop right here. So,
6:50what I'm going to be looking for is
6:54um for us potentially to come up a
6:56little bit, but I am expecting New York
6:58to maybe make its way down a little bit
7:00at least into London's range. If it
7:03doesn't do that and we just continue to
7:05pump up, then I will be kind of hands
7:08off because if we have one of those days
7:10where it's just literally a slow grind
7:13up,
7:15the worst thing to do is try and call
7:17the top of that. So,
7:24but I hope everybody had a good weekend
7:28and let's try and kill it this week.
7:32And just as a reminder,
7:35do not take my trades. This is not
7:37financial advice. I'm just here to uh
7:41live stream
7:43live stream myself taking trades. These
7:45are my trades. If I blow my accounts,
7:47I'm okay with that. If you guys blow
7:49your accounts based off of my trades, it
7:52would hurt my heart. So, don't follow my
7:55trades.
7:59The indicator on which one? There's a
8:02couple of them
8:07on Trading View.
8:15Yes.
8:17Not financial advice.
8:24>> Paul, which indicator are you talking
8:25about? And I can let you know.
8:35So,
8:36there's a couple of them that I have on
8:38here right now. I have
8:42my New York range model. I have the
8:45higher time frame candles here on the
8:46right. And then I have sessions on.
8:51So,
8:59that session range. These ones, the
9:01boxes like the blue, red, and gray box.
9:05So, that indicator is originally from um
9:10there's like a free indicator on Trading
9:12View. I think it's called ICT Killzones,
9:15but I took the code and then I changed
9:18the code around to
9:21make it do what I wanted it to.
9:27So, this specific version of it, the
9:30specific version of this indicator is
9:33actually
9:36not really available. It's just kind of
9:37what I coded. And all I did was I just
9:41added like the highs and lows to extend
9:42out to the right so I could see where
9:44they're at. If we're were like this,
9:46right, I can see them right here. But if
9:48you do need it, pretty sure you can type
9:51in
10:00It's one of these.
10:03It's one of these ICT kill zones
10:08boxes
10:09sessions.
10:11It's one of them, bro. Just start
10:14clicking on them and I'm sure you'll
10:15find it.
10:34And then again on the left se on the
10:36left screen here we have my footprint
10:38chart.
10:40So we're going to be watching that for
10:42entries.
10:45Five minutes until open.
10:53The goal here today is to try and not
10:57blow my funded accounts. If I blow an EV
10:59out, it's okay because it's just an EV
11:01out. But
11:05don't want to blow a funded account.
11:16So again, I am expecting New York to
11:20come down and at least retrace some of
11:21this move, but
11:25the overnight move, but I do understand
11:27that it doesn't have to. So, it's not
11:31like a hard bias, but that's what I do
11:32want to see. I want to see it at least
11:34come somewhere into here, like 100
11:37points lower.
11:43Um, so what you want to do when it comes
11:45to a contract rollover is you want to be
11:47where the most amount of um, volume is
11:50in open interest. So realistically what
11:53you can do is you can go to the CME
11:56website and you can actually see how
11:58much volume and how much open interest
12:00is on the futures contracts. So if
12:03you're trading with prop firms, some of
12:05them are going to just automatically
12:07roll it for you. So just let them roll
12:09it. But um if you have to do it
12:12yourself, just go refer to the CME
12:15website and you can see when the volume
12:18starts to shift over from one contract
12:20to another and then that's when you'd
12:22probably want to roll it over.
12:26But it is this week I believe
12:33the live data for NQ on this. So, I
12:40have a live brokerage account with
12:44AM Futures as well as uh Ninja Trader
12:48Trade, but I'm currently using uh AM
12:52because I wanted the rhythmic data
12:54connection. So, if you were to go and
12:56get rhythmic data connection with them,
12:59I believe for CME, which is just like
13:01MNQ, NASDAQ, uh and some of the other
13:04indices
13:05that it's
13:08I don't know, like $20 or less per
13:10month. And then I also have uh Seabbot.
13:14I think it's Seabbot for the commodities
13:17like gold, silver, and the other ones.
13:20So that one's probably like another $20
13:22a month. So for my data feed to be able
13:26to see level two as well as um levels on
13:29the DOM that extend, you know, like I
13:32could see levels sitting on the DOM all
13:33the way up here, wherever, right? even
13:36down here
13:39probably 40 bucks a month. 40 bucks a
13:41month probably. You got to be careful
13:44though like some of the
13:47data feed providers if you do want to
13:49see these levels like um
13:53not just 10 levels away from current
13:55price. You do have to make sure that you
13:58have rhythmic is a good one. Some of
14:00them like will only show you like 10
14:03levels or the first two levels away from
14:05current price which is not helpful at
14:07all.
14:09So yeah.
14:28So, I thought that was I thought that
14:30was market open for a second. That was
14:32uh that was just two minutes before.
14:36So, let's see.
14:50So, I think the game plan for today is
14:53I'm going to wait a little bit at the
14:54open. I'm going to wait to see something
14:57here on footprint that may show us that
14:59we are going lower. And if that's the
15:01case, then I'll probably try and take a
15:03short. If I don't see anything that's
15:04telling me it's going lower, I'm
15:06probably going to wait. I don't really
15:08want to long this right now.
15:13And uh
15:15if I lose like $400, $500 on this funded
15:18account, I'm probably just going to stop
15:19trading it, move on to the next one.
15:23But if I do win a trade on this one and
15:25get over the $200 day, it'll be the
15:28fourth day. So then I'll just move over
15:29to the other funded account and
15:31potentially then fullport the second
15:34half of an evaluation to see if I can
15:37pass that one hopefully.
15:47All right, so let's see what happens
15:48here. The New York open
15:57I would like to see it go lower, but
16:01got to wait. Have a stacked imbalance
16:04right here.
16:06We would need to see um we need to wait
16:10a second because the first fivem minutee
16:12candle of New York open is pretty uh
16:15pretty nasty. I mean, imagine you try to
16:17chase that short. He probably would have
16:18gotten smoked already
16:20if he had like a 100 tick stop loss or
16:23something,
16:28>> but I'll probably go five micros today
16:31on this funded account.
16:37>> Maybe heavier. Just depends.
16:50You are.
17:13And if we do go lower, my first target
17:16would probably be
17:19the middle of London, potentially
17:22the highs of Asia,
17:28which is roughly like the middle of this
17:31pump. So,
17:38You are
17:43you are
18:34What other news do we have this week?
18:37We have a lot of news this week, huh?
18:42NFP tomorrow
18:45and uh
18:47CPI
18:49on the 18th and jobless claims
18:53and PCE
18:55on the 19th. All right.
19:02So, we should have hopefully a volatile
19:04week.
19:07All right. So, we're starting to see a
19:08push down. We're going to see if it's uh
19:13going to actually continue.
19:20Um I'm usually using uh 50k accounts. I
19:23mean, I do have um with alpha futures, I
19:25got 100k accounts, but
19:29all I need are 50ks. Realistically,
19:34there's no reason for me to I mean, I
19:36used to do 150k accounts, but
19:40there's not like a huge benefit here.
19:41So, we're actually um
19:45starting to push down. I want to see us
19:46get past this area and it's likely we're
19:50going to start taking these lows. So
19:54this may come all the way down without
19:56providing an entry to where I was
19:58targeting which is about 50% of this uh
20:01overnight pump the range of the
20:03overnight pump which is right here at
20:05about Asia highs. That would be the
20:07target but I want to see the 5m minute
20:09close first here in about 30 seconds
20:11before
20:14do anything. Realistically,
20:18I would like to see it close below
20:22this uh first presented fair value gap
20:24that I have right here.
20:44All right. If we can get a nice
20:46retracement on this five minute,
20:50I may try and take a short.
20:56I think I'm going to go short right
20:57here. Five micros.
21:01So, I'm probably going to risk on this.
21:04Not that much because this might snap
21:06all the way back. So, I'll probably risk
21:08like 200 bucks.
21:14Oh, we're about to get smoked right now.
21:49All right, we're going to get stopped
21:50out of this one and then we're just
21:51going to wait a little bit.
21:58All
22:10right.
22:15That was pretty nasty.
22:17So, we're down 200 on this account.
22:19We're just going to give it a second.
22:25Let me see.
22:37It's disgusting.
22:55If more sells or buys can reverse the
22:57other way.
23:00Um,
23:03what do you mean by that? I think I
23:05might full port.
23:22Yeah, if you could explain what you mean
23:24a little bit, maybe I can help answer
23:26that.
23:29I may try and
23:34full port an eval.
23:43The only thing I'm thinking of right now
23:44is like we are kind of stalling out at
23:46this stacked imbalance right here, but
23:52we literally took these lows and snapped
23:54back pretty hard. So
24:00makes me less confident.
24:18>> Yeah.
24:20>> I mean it can even if even if the
24:25Even if the delta is negative and you're
24:27gaining selling pressure, I mean,
24:30we're in a pretty volatile uh
24:35I mean, this fiveminute candle was 50
24:37points, right? And that happened in like
24:40less than a minute. So almost I mean
24:42that one minute candle was probably 50
24:44points. So realistically, it's just
24:47volatile. So, even though order flow can
24:49be going down like how it is right now
24:51where we saw the push, it came back up.
24:54I entered too early. I should have
24:55entered at the stack to balance, but
24:57we're continuing down. Now, I mean, just
25:00the volatility. I mean, realistically,
25:05we can be whiplashing, but still be
25:07going in the right direction, if that
25:08makes sense.
25:25become confident in taking those trades.
25:28Well,
25:32I mean, confidence, I guess,
25:36comes down to uh
25:38screen time and just trading it. I mean,
25:40realistically, I mean, I watch this
25:43stuff every day, and at the end of the
25:44day,
25:46I'm not really worried about taking a
25:49loss. What I am worried about is taking
25:51too big of a loss that I wasn't supposed
25:53to take.
25:55Then that becomes an issue. But or
25:57obviously, I'm worried about blowing an
25:59account. So, by the way,
26:02I I said uh we wanted to come down to
26:05Asia Highs. We literally just did that.
26:07So
26:10there goes my trade idea for the shorts.
26:12I just the issue was is I entered in a
26:16little too early. I should have waited
26:18till we got a little higher. So and I
26:20did have a pretty tight stop loss that
26:22was based off of P&L and it didn't
26:24really make much sense. So mistake on my
26:27part and for that we're down 200 on the
26:30day on the funded account but it's
26:33manageable. If I do take another trade
26:36on this one and I lose it,
26:39then we're probably not going to touch
26:40that account again. But the idea was is
26:42that we were going to uh retrace that
26:47overnight pump a little bit during New
26:49York
26:51at least around the 50% which is kind
26:53[music] of
26:55where we came to. I mean, if we were to
26:57throw a fib on here, let's see where the
26:5950% [music] was.
27:03Yeah, right around right here.
27:07It's probably still going to continue
27:09lower unless we start seeing some uh
27:12heavy buying pressure start stepping in,
27:14but looks like it wants to
27:18kind of whip whiplash around a little
27:20bit.
27:29I do want to pass this eval though.
27:34So, we'll wait.
27:38I wouldn't buy it yet, though. If you're
27:40looking for longs, I would probably
27:42wait.
28:26I am considering going short three minis
28:29on this uh evaluation.
28:36All right, we're going through means.
28:37We're going to risk $1,000
28:41and we'll try and hit our 1530.
28:47See if we could pass this account.
28:52I'm looking for this uh bullish candle
28:54to flip to being bearish.
28:58With three minis, we really don't need a
29:00lot. But again, we're only we're risking
29:02a,000, which is with three minis is not
29:04a lot of room.
29:09But I think uh I think it looks okay
29:11right now unless we start seeing massive
29:13buying pressure come in.
29:38I'm going to be moving to break even
29:40right now just in case this does snap
29:43back, cover some fees
29:48because I need it to flush like right
29:49now.
29:52Otherwise, it might snap back.
30:03No. Yeah, I got a bunch of charts, bro.
30:05I look at uh I have like four or five
30:08screens, honestly.
30:12All right, we're almost there.
30:17Oh my god, that was like one tick off.
30:20So, let me change this real quick.
30:30So what I look at is I'm looking at this
30:33five minute footprint that I have on my
30:35left screen and then I have and I'm
30:39getting edge right now.
30:45Oh.
30:56Oh my Oh my god. That was disgusting.
31:05That was disgusting.
31:13How far off was that?
31:17like three ticks.
31:18>> Order filled.
31:19>> All right.
31:21All right. I accidentally made a little
31:23bit too much money. So,
31:27I got to lose like 50 bucks real quick.
31:34>> All right. Just so that I don't get hit
31:36with like a consistency roll.
31:40>> Let me lose 50 bucks. Give me a second.
31:44together to achieve a new dimension
31:46impossible to obtain in a monoral
31:49recording.
32:12Oh, there may be something going on with
32:14Project X. I just tried to lose 50 bucks
32:16and it wouldn't have didn't even want to
32:18execute the trade,
32:24which is not good.
32:29Yeah. I mean, they'll probably pass it,
32:31but
32:35I like uh
32:43Hold on. I think there's something wrong
32:44with Project X. Dude, it's crazy all the
32:47issues that Project X has now. like for
32:51like 2 years,
32:53no issues, and then
32:56it just becomes a [ __ ] problem.
33:13I don't know why it won't let me fill my
33:15trade.
33:21Let's see. See if I can fill it right
33:23now.
33:29Oh,
33:30I know what it is because of this.
33:34Duh.
33:37Trying to blame it on Project X.
33:40Yeah, right. That was just me. All
33:41right. Now, let's lose 50 bucks.
33:44>> Order filled.
33:47Oh [ __ ]
33:51Oh [ __ ]
34:08Damn it. This is going to reverse right
34:10now.
34:13You're right. You're right. Let me just
34:14Let me just spam some contracts.
34:18That's the method. That's the method.
34:21Wait, it might come back.
34:25We might No, I don't want to.
34:33Oh, we're we're going to [ __ ] make
34:35way too much money.
34:40Order filled.
34:41>> All right. New strat. New strat.
34:47New method.
34:49We're going to just start spamming
34:50contracts here in a second.
34:54>> Order filled.
34:56Order filled. Order filled. Order
34:59filled. Order filled.
35:04>> Hold on.
35:07This is [ __ ]
35:09Hold on. Hold on. Hold on.
35:16Order filled. Order filled. Order
35:19filled. Order filled. Order filled.
35:22>> All right, we're making some progress
35:23now.
35:23>> Order filled.
35:26Order filled.
35:27>> I'll answer your question in a second.
35:29Order fil.
35:30>> One sec. I got to focus on
35:31>> order filled.
35:33>> Oh, there we go.
35:361550. That was almost
35:40That was That was pretty [ __ ] All
35:42right, I'm going to lock out of that.
35:44Buying pressure is coming in. There's a
35:46chance we're going to start coming back
35:47up at least to uh
35:50if this uh PC on this previous 5minute
35:52candle can hold, we might come back a
35:54little bit
35:56now that we came down to 50%.
36:01So in in terms of uh which chart is most
36:04important
36:07I mean there's not one I guess that
36:08would be more important than the other
36:10one necessarily. I do use footprint for
36:13entries. Like let's say right now I
36:14wanted to go long and if I was confident
36:17in this I would probably wait for price
36:19to get closer to the PC the previous
36:20candle and I would enter in a long
36:22position with the stop loss below and
36:25then target whatever like a
36:27one or two or some something like that.
36:30So footprint is like um
36:34my
36:36entry kind of like where I'm seeing
36:39pressure go and
36:43how I want to actually enter the trade
36:45and where I think I should be putting my
36:47stop loss and my take-profit and things
36:50like that. In terms of my other charts
36:52like uh let's say trading view,
36:56let me see Trading View.
36:59This is just for
37:01understanding where I am like bigger
37:03picture because this is a five minute
37:05chart as well but you can't see it right
37:08now but on the left side it's also
37:1115minute on the right side I have a
37:14hourly that I also switch to look at the
37:174 hour sometimes but I usually keep it
37:19on the hourly
37:21so I need like all of them I need all of
37:25them to get a good idea of
37:29what I think is going to happen. Because
37:33if you're just staring at one, in my
37:36opinion, if you're just staring at like
37:37one time frame, something could look
37:39good on a certain time frame and look
37:43totally different on a on another time
37:45frame. So, I need to understand like
37:48kind of the bigger picture of where I
37:51think
37:55price could go.
37:58So, we still have a lot of selling
37:59pressure right now. Chances are we're
38:02going to attack uh London lows and Asia
38:04lows right now.
38:10So, this chart right here,
38:14let me see if you guys can see this.
38:15Yeah, you can see it.
38:20[music]
38:24This one
38:26is my
38:29largest time frame. So, what I do on
38:31this chart is I'm marking out like uh
38:34gaps, right? So, we got the new week
38:36opening gap, new day opening gap, and
38:39then we have a 4hour b uh sibby. So,
38:43like um I mark out fair value gaps on
38:45higher time frames
38:47like um 1 hour, 4 hour, and daily. And
38:52then what I also do too is I mark out uh
38:55wicks. So right now we have the monthly
39:00wick levels.
39:02So if we go to like a monthly candle,
39:05whenever we have like nasty wicks that
39:08are that are super big like this, what
39:11I'm usually doing is I'm marking it out
39:13because I want to see where the
39:16it's like right here. It's kind of
39:17faded, but I want to see where the 25%,
39:20the 50%, and the 75% is
39:24for monthly. But pretty much what I'm
39:26doing here every morning is I'm marking
39:28out uh certain highs and lows like on a
39:314 hour or 1 hour that I want to see get
39:33attacked. And then I'm mark I'm paying
39:36attention to where the the gaps are,
39:38whether it's a new week opening gap or a
39:40new day opening gap. Not necessarily
39:43that I I'm targeting that thinking it's
39:46going to fill, but just understanding at
39:48least where they are is a good idea.
39:52And then um I'm marking out fib levels.
39:55So my fib levels right now is for this
39:59range from swing low to swing high. So
40:02it's letting me know where in this range
40:04are we right now. Okay. Well, in this
40:07range, if we were be looking at this
40:09range, we are in premium.
40:12So,
40:14if we were looking to kind of
40:18like let's say you were swing trading
40:20and you're using the hourly or the 4
40:21hour, it would be a better idea to be
40:24waiting until we get into discount to
40:26try and actually take a long and hold it
40:28because eventually we are going to take
40:30out these levels up here, the 900 level
40:33that we've been rejecting off of like
40:35over and over for a month.
40:38But right now technically for this range
40:40we are still in premium.
40:43So I just kind of use this chart which
40:47is the biggest one biggest time frame
40:50just to kind of understand
40:53where it is that we're at
40:56on like
40:58the bigger scale of things. I guess the
41:00bigger picture.
41:03All right. So, we passed an evaluation
41:08or at least we did that. But
41:11unfortunately, we're down $200 on this
41:13account.
41:18So,
41:24we can either get out of draw down or we
41:26can end up making it worse.
41:33We still haven't traded this funded
41:34account yet.
41:37>> And I do need to trade this evalu
42:03All right, we're about to
42:12We just got to wait.
42:14It just touched It just touched London
42:16lows right now.
42:26Unfortunate
42:28first trade of the day. Honestly, the
42:30idea was right. Shitty execution.
42:40Was a little bit impatient on that.
42:43We'll just have to do better next time.
42:49So, probably right around here at 220,
42:52we got uh
42:54Yeah, I did just full port. I full
42:56ported this combine. We passed it.
43:02I could just fullport, but I am trying
43:05to get my uh trying to get my funded
43:08accounts back. So now we have four
43:10funded accounts. But so we just we just
43:13hit Asia lows from
43:16Tokyo Open. Basically
43:23we're about to take it right here. It's
43:24sitting right around 220. Just took it.
43:48All
44:15right. All right. So, basically what I'm
44:16thinking now is this is what's going
44:17through my head.
44:19When we were up here, I had the idea,
44:22and this is as far as I thought. I had
44:24the idea that we were going to retrace
44:27this overnight move, at least half of
44:28it. We did that. Selling pressure is
44:32still coming in. Although,
44:35I'm not as comfortable trying to short
44:37something unless I see some type of
44:40strong aggression continuing down. I'm
44:42not really as comfortable trying to
44:43short something when we're down here or
44:46already where my first target was for
44:48the shorts. So, I'm kind of just waiting
44:50at this point. I definitely don't want
44:52to try and long this right now
44:56until I see something that is obviously
44:59showing me that selling pressure is
45:01getting held. So,
45:05we just got to wait.
45:08I mean, you can try and chase the
45:10shorts, but I don't want to do that,
45:13especially after we just took those lows
45:14because the next thing that we'd be
45:16looking at if we were trying to go short
45:17was, I guess, would be to take previous
45:20daily lows, but
45:24and that's about 100 points Lower.
45:50Just full port it.
45:53Just chase chase the shorts with a full
45:55port.
46:14So something that I'm looking at um FP
46:17is you see these numbers in bold. So
46:20essentially what that is is that's a a
46:23stacked imbalance like these are
46:24imbalances of sellers over buyers. So if
46:28you want to determine I guess the
46:30difference between like see how all
46:32these are lighting up it means that we
46:35the selling pressure is pretty
46:36aggressive right now. When you have um
46:40nothing here where all of this is just
46:42no bold numbers then
46:47there is no imbalance. So, even though
46:49it is selling off, like this red candle
46:52did sell off, there's not like a uh
46:57strong imbalance of sellers over buyers.
47:02But when you start seeing stuff like
47:03this, it's uh showing you the aggression
47:05is continuing because
47:08but just because you see imbalances like
47:10that doesn't mean anything because
47:11especially if the candle isn't closed,
47:13watch like when we start going back over
47:15them,
47:16uh they're going to go away because
47:18buyers are stepping in and there's no
47:19longer going to be an imbalance right
47:20there. See, it's gone. That one's gone.
47:22This one's going to be gone, too. So,
47:24you got to wait a little bit. But um
47:29what something to think about too though
47:31is like if you are seeing
47:34really aggressive selling pressure
47:36coming in and it's really not making any
47:39progress and volume is picking up,
47:41meaning that there's a lot of activity,
47:44it could indicate essentially absorption
47:46that buyers are holding the pressure.
47:49And then what ends up happening is it
47:51can cause a pretty fast reversal because
47:55if buyers begin to push price up and
47:57then the sellers need to get out of
47:58their position, they're going to have to
48:00buy too. So then it starts to go up
48:01pretty fast.
48:07So, whenever it comes to footprint, I
48:10don't I don't pay attention to really
48:13any of this stuff until I see the candle
48:17close. Cuz otherwise,
48:20you're looking at something that's not
48:21finalized yet. The auction for this 5m
48:24minute candle is not done. We're still
48:26It's still going.
48:32So, you got to be patient.
48:56So, right now there's really nothing
48:58for me to do that would be smart.
49:03So, we just got to sit here and see if
49:06we get
49:10any type of indication that we're going
49:12to be reversing or if we come back up,
49:14if we can catch a continuation lower
49:17to then target previous daily lows
49:20where these are sitting right here.
49:26>> But
49:28we can't just like sell it right now. I
49:31mean, you might you you might be able to
49:34just sell it right now and then selling
49:36pressure continues down and then you end
49:38up making money. But I don't want to
49:40take that trade.
49:55Spaghetti. You want to chase it?
50:01>> What we can do is if the selling
50:05pressure continues right here.
50:09Oh, the stacked imbalance went away.
50:12Sometimes if you with footprint charts,
50:14what I do is if we are having a move
50:16down and it's like there's no sign of it
50:21stopping yet, I'll wait for a stacked
50:23imbalance to get created
50:26to then wait for the next candle to
50:27retrace before it continues down, which
50:30is realistically what I should have done
50:31on like this first trade up here like
50:34this
50:36right here.
50:38>> But I entered in too early. The stacked
50:41imbalance should have been the entry.
51:14Yeah.
51:23Yeah.
51:40All right. So, let's see what happens
51:41here.
51:43We had the This is the new hourly
51:46candle. So, if we were to go look at the
51:48hourly time frame right now,
51:52we're five minutes into this candle. We
51:55created a pretty nasty wick down
51:59and it may be flipping bullish.
52:04So again, we just have to wait
52:18and I usually trade until
52:21uh 8:00 a.m. Pacific Standard Time. So,
52:26if I sit here and I don't see anything,
52:31I'll probably stop for the day by 8:00
52:34a.m.
52:47Let's
52:59see.
53:18I may enter in on this Eval right now
53:24to go short,
53:26but I'd want to wait a second.
53:32I'd realistically want this fiveminute
53:33candle to close first.
55:11So what I want to see right now is in 30
55:13seconds for this 5 minute to close. I
55:15want the PC to stay up here.
55:18If the PC of this candle stays up here
55:20and has this long wick and we close
55:22somewhere over here, then what I might
55:24look for is the next fiveminute candle
55:26to come up and then I'll short it
55:34because it disappeared.
55:39So, stack buy imbalances, like I said,
55:41like you can't you can't um put too much
55:44weight into what you see before the
55:46candle actually closes because now that
55:49this candle closed, I mean, the stacked
55:51imbalances are gone. There's only two
55:52there. And uh I don't really care for
55:55just like two. Yeah, the highlighted are
55:58gone now.
56:00So, I wanted this to come up actually a
56:02little bit more before I try and short
56:04it
56:08closer to the PC.
56:12Mhm.
56:19Because this is a because on this eval
56:21I'm going to go kind of heavy right now
56:23with some minis. So like I don't want to
56:26have
56:28you know like a 200 tick or 50 point
56:31stop loss realistically
56:40because at this point if I were to do
56:43that it would be like a the target would
56:46be the lows. So that's also like 50
56:48points away. So,
56:51it would be like a onetoone
56:52risk-to-reward, which I'd rather not
56:55take. Even though I do think it is going
56:57to go take the lows, and it probably
56:58will, but
57:05yeah, I mean, you can always you can
57:08always um enter in lighter because you
57:11know, your stop loss is going to be
57:13bigger, right? So you can have a a
57:15lighter size when it comes to what
57:17you're actually trading and then be able
57:21to still make money from it, which is
57:23what I usually do with uh my funded
57:26accounts sometimes, but um
57:32I'm trying to
57:36I don't like wasting time on uh
57:39evaluations, so I try and just honestly
57:42to be completely real with you guys, I
57:43kind full port them
57:46and I happen to pass more than I fail,
57:48but
57:50uh I try not to spend more than a couple
57:52days on an evaluation.
57:54And if I blow it, whatever. But
57:57realistically, you can blow like a ton
57:59of evaluations and all it takes is one
58:01payout to cover all those expenses and
58:03put you in a profit.
58:09So, in my opinion, there's no reason to
58:11spend like two weeks on an evaluation.
58:13and you're just wasting time at that
58:14point.
58:18>> Unless you're learning. If you if you're
58:21learning and you're like new to trading,
58:22then just take take your time on your
58:25eval. But
58:32but I don't want to do that.
58:51So, ultimately,
58:55I think we're coming down here. We may
58:59retrace up first before taking it out.
59:02Maybe we don't take this until
59:04we're in the PM session. But
59:10I would be kind of surprised if we came
59:13down here,
59:15didn't take it, and then just
59:19skyrocketed back up. I'd be pretty
59:21surprised if that happened.
59:26So ultimately,
59:30this is what we're looking at.
59:38But for us to try and trade that,
59:42I need to find
59:44for us to try and trade this, I need to
59:46see something that I can comfortably
59:48enter
59:51to try to try and target that. It's
59:52about like uh
59:58yeah 50 or 60 points lower. And at this
1:00:01point with
1:00:03the PC, realistically, if I went short,
1:00:06I would want to have my stop above the
1:00:08previous fiveminute candle at the very
1:00:10minimum. So that's also 50 to 60 points.
1:00:14So it's kind of a pretty shitty
1:00:16risk-to-reward right now.
1:00:19So that's why I can't take it. And I
1:00:22might just have to let it uh just watch
1:00:24it run.
1:00:27But that's okay.
1:00:35There will always be more opportunities.
1:00:38Markets here Monday through Friday,
1:00:40Sunday through Friday.
1:00:47This is about a rip down right now.
1:01:06Small volume imbalance in between these
1:01:08two fiveminute candles.
1:01:25I hope someone in here potentially
1:01:27caught this move. That was a nice move.
1:01:30It's like probably over 250 points.
1:01:36Yep. 250 points.
1:01:42Oh, and I'm such a [ __ ] dude. Like,
1:01:45what did my trade look like? My trade
1:01:47looked something like this earlier this
1:01:49morning.
1:01:52was trying to target here.
1:01:56My stop was like right here. What a
1:01:59[ __ ] dude.
1:02:05We'll get him next time.
1:02:08We'll get him next time. The good thing
1:02:10is that at least the analysis was right
1:02:13in the sense of New York was going
1:02:15lower. So, I'm happy with that.
1:02:19And the loss is manageable. It was like
1:02:21200 bucks.
1:02:28But now we're kind of just like stuck.
1:02:30We can't really do anything right now.
1:02:45Plus,
1:02:47so like the way I kind of think about it
1:02:49sometimes is
1:02:51because I only trade like uh
1:02:54between market open and like right
1:02:57before lunchtime. So basically an hour
1:03:00and 30 minutes. Damn near.
1:03:03Usually what happens in that time on a
1:03:05normal day is you have what I would call
1:03:08like the move of the day. All right.
1:03:11Now, sometimes we can have a V-shaped
1:03:13recovery or whatever. So, then you would
1:03:16have basically two moves of that 1 hour
1:03:19and 30 minute time slot. Um, but more
1:03:22often than not, like
1:03:25we during the time that I typically
1:03:27trade for like an hour and 30 minutes,
1:03:29um, you kind of have noise and then you
1:03:31have like the one significant move of
1:03:34that time slot before maybe you have
1:03:36another move later in the PM session.
1:03:38But I don't trade the PM session. So
1:03:40then kind of what I'm thinking right now
1:03:41is like, well, [ __ ] you know, here we
1:03:43go. This was the move of the day
1:03:45obviously.
1:03:47And um there is a potential that once we
1:03:51do take these lows, if that is the
1:03:53ultimate target,
1:03:55um that we can begin to consolidate.
1:04:00And everyone who missed out on this move
1:04:02is sitting here anxious to try and
1:04:07catch something today because they got
1:04:09to get the rich off of taking a trade
1:04:12and then you might end up getting caught
1:04:14in chop after the actual move of the
1:04:17morning happened and then you're just
1:04:18trading a bunch of [ __ ] So
1:04:22that may be what's happening right now.
1:04:24So when we take these lows
1:04:30I have to really pay attention on
1:04:33whether or not it's going to then have a
1:04:37reversal or if we're going to continue
1:04:40or if we're just going to start to
1:04:41consolidate because if we start to
1:04:43consolidate and there's a little bit of
1:04:45chop,
1:04:46then I can't trade it. That's just like
1:04:50going to kill my accounts and take all
1:04:54of my accounts away and throw them in
1:04:56the garbage. Burn them.
1:05:00That's how I get screwed every time.
1:05:03Trade in the chop.
1:05:14So, I'll mark this out so it's a little
1:05:16easier to see.
1:05:24Really nice short today, though. And not
1:05:28really any consolidation so far this
1:05:30morning, which is great. We're about an
1:05:32hour into open. So, this low on NQ
1:05:35actually got taken. So, we can remove
1:05:37that. Now, the next target is about 20
1:05:41points lower. And here we go with more
1:05:44selling pressure.
1:05:47It had another volume imbalance on the
1:05:49open right here.
1:05:54Oh, that was nasty. Look at that.
1:05:59Got so close to taking it.
1:06:14I'm actually going to uh
1:06:18activate that top step account we just
1:06:20passed this morning.
1:06:34Man, it's so I'm so happy Topsa took
1:06:37away they offered the no activation fee
1:06:39route.
1:06:43Perfect. Perfect. They're like $90 now
1:06:46instead of 200.
1:06:48I love it.
1:07:11to to end up taking the lows Bobby up
1:07:15here at 225
1:07:21or which PC are you talking about?
1:07:25Man, that sucks for anybody who was
1:07:28targeting
1:07:30this low. Oh my goodness.
1:07:35He got edged and it snapped back 50
1:07:39points.
1:07:44It's probably still going to go and take
1:07:46it, but
1:07:57Oh, did you get into that, Bobby?
1:08:03This looks like it's about to flip.
1:08:09Anyways,
1:08:13doesn't support futures. Only trusted
1:08:14prop firm I have access to is FTMO.
1:08:20Two phases.
1:08:27Two phases. Oh, dude. I hate those.
1:08:32That sucks. I've never used FTMO.
1:08:38I really just use Alpha Futures and uh
1:08:41Top Step.
1:08:43Those are my two favorite ones.
1:08:52But I mean, there's a bunch of there's a
1:08:55bunch of firms coming out. It is kind of
1:08:58sketch. I'm not going to lie, it's
1:08:59pretty sketchy to use new firms.
1:09:02But if that's what you got to do, you
1:09:04got to do it. If they offer better
1:09:06rules, you just got to hope they pay you
1:09:10out and they don't fasttrack you or
1:09:12what's it called? Yeah, fasttrack funded
1:09:14you.
1:09:17CFD.
1:09:19Yeah, that's probably why FTMO.
1:09:22That makes sense.
1:09:30CFDs, they have uh
1:09:35there's you guys look at order flows.
1:09:36So, are you looking at when you're
1:09:38looking at order flow, are you looking
1:09:39at the actual like you're looking at the
1:09:42futures contract or are you looking at
1:09:44the CFD
1:09:46pair or whatever? Like the NAS 100 or US
1:09:50100 or whatever it is. I don't know. I
1:09:51don't really trade CFDs.
1:09:54All right, it flipped and it just uh
1:09:55took the lows.
1:10:12Yeah, that's what I was thinking. CFD
1:10:14not having order flow behind it. Got it.
1:10:21You use Trading View. Are you using
1:10:23Trading View
1:10:25footprint?
1:10:27Because that's not real footprint.
1:10:47I are we
1:10:55Oh, that's what's up. Dogecoins.
1:10:58Bobby, you got to um our PC's are going
1:11:02to be different because they're not um
1:11:07yeah, they're not they're not
1:11:09calculating the same thing. Um, Trading
1:11:11View's footprint is I forget what it is,
1:11:16but it's not it's not the same as um
1:11:22they're not they're not looking at
1:11:24aggressive market orders that were
1:11:26executed.
1:11:28It's like they're calculating something
1:11:30else which makes it so you can still
1:11:32understand like with their footprint
1:11:34chart like delta and certain things like
1:11:37that but when it comes to volume I
1:11:39forget what they're actually counting as
1:11:41the numbers but yeah our footprint
1:11:44charts are going to look totally
1:11:46different when it comes to anything
1:11:47relating to volume when it comes to
1:11:50using a footprint chart like the one I
1:11:53have with ATAS or if you're using
1:11:55Trading View. I forget what it is, but
1:11:57you should look into it. Uh because what
1:12:01they're showing you is actually
1:12:02different than what my my uh like the
1:12:05numbers are different than what my
1:12:06screen is showing me.
1:12:11This is melting right now.
1:12:15This is showing no signs of any type of
1:12:17bullish,
1:12:20no buyers coming in.
1:12:23and we're now at 25% of the monthly
1:12:25wick.
1:12:30Although
1:12:33we are coming into where I think
1:12:36eventually we would start to see some
1:12:38type of uh where buyers would start to
1:12:41catch this a little bit.
1:12:48It's a nasty dump for a Monday.
1:12:53There's a good chance Monday creates the
1:12:55low of the week potentially if it keeps
1:12:57going.
1:13:19>> There's probably a pretty good chance
1:13:23I might not take another trade on my
1:13:24funded account
1:13:26just because like what I was looking for
1:13:29today already happened and then at that
1:13:30point I'm just trying to force
1:13:31something.
1:13:33Um
1:13:35but I'm going to wait and see
1:13:38for the next like 30 minutes or so. At
1:13:40least we passed
1:13:43another funded account. So now
1:13:47we got this one
1:13:50brand spanking new.
1:13:53Maybe we full port it.
1:14:01Brand new funded account for $90 with
1:14:03top step. Gotta love it.
1:14:08I may trade an Eval though because I
1:14:09don't really care about him.
1:14:14But there's nothing to do right now. I
1:14:15mean, this thing is just melting.
1:14:27>> How far did this drop down?
1:14:37>> 325
1:14:38points.
1:14:43Oh, for the evaluations Dogecoins.
1:14:48Yeah. You know what's you know what's
1:14:49cool about alpha futures is they allow
1:14:51one day pass. So I just full port it
1:14:53sometimes
1:14:55cuz dude, imagine if you go you go three
1:14:57minis or you know six minis
1:15:01on a trade and you have moves like
1:15:03these. I mean you can hit your six grand
1:15:05profit target in like it's nothing.
1:15:11That sucks, dude. FTMO.
1:15:14But if that's all you got and that's all
1:15:16you can really use,
1:15:18you got to just try and make it work. I
1:15:20mean, realistically,
1:15:25I wouldn't recommend trading evaluations
1:15:27the way I trade evaluations because
1:15:32I blow a lot of evaluations. I pass a
1:15:34lot of evaluations,
1:15:36but I blow a lot of evaluations, too.
1:15:43Like sometimes I see people who are
1:15:44like, "Uh, oh yeah, I'm six, seven
1:15:48months into trading. I've already blown
1:15:49like 12 accounts, blah blah blah." I'm
1:15:52like, "12 accounts, dude.
1:15:55I could blow that in a week if I have a
1:15:57bad week."
1:16:01But the the idea though, the idea though
1:16:06is that as long as money in, money out
1:16:08leaves you net positive, who cares how
1:16:10many accounts you blow? Because prop
1:16:13trading realistically is a very gamified
1:16:16version of trading. It's not even uh
1:16:19you would not be trading a live account
1:16:20like this. So
1:16:24if it's gamified,
1:16:27then play the game.
1:16:30I'll fullboard some evals. I'll get to
1:16:32the funded. I'll get a payout and it'll
1:16:33cover all the eval expenses and put me
1:16:35in profit on the month. And in the
1:16:37course of that, if I blow a bunch of
1:16:38evals, but I'm still net positive, it's
1:16:40a W.
1:16:45But if you're if you're new if you're
1:16:48new to trading and you've never had a
1:16:49payout and like you're still kind of
1:16:52learning how things work, I don't
1:16:55recommend you do that.
1:17:15But so far this month, I've actually
1:17:17been doing pretty well with the evals,
1:17:18even though I'm full porting them.
1:17:21Guess we're on a hot streak. All right.
1:17:23So, right here when it comes to
1:17:26if we want to see if this is truly
1:17:28bullish or not, I would like to see this
1:17:31pump past the large sell order here
1:17:36and the stacked imbalances and close up
1:17:38here.
1:17:40If it closes up here, pushes past and
1:17:42creates its own buyer imbalances and we
1:17:46have a strong close above
1:17:49Oh [ __ ]
1:17:56above like here,
1:18:06then it you you may be able to try and
1:18:09take some long positions if we start
1:18:11seeing this happen like this. But
1:18:15[clears throat]
1:18:15I'm gonna wait.
1:18:18$48. Oh my god, that's robbery, brother.
1:18:24That's crazy.
1:18:28Actually, let's extend this past these
1:18:30other uh past these two.
1:18:40Now, if this
1:18:42if this respects like it's doing right
1:18:44now and it can't break past this area,
1:18:48then I would not want to take longs
1:18:50until I like basically I don't want to
1:18:52take any longs and try and catch any
1:18:55type of retracement back up
1:18:59until
1:19:02we're up here and we close. It depends
1:19:04how this closes. I want to see where the
1:19:05PC closes in relation to this uh fivem
1:19:08minute close.
1:19:17Not yet. Not yet, Spaghetti. Not for me.
1:19:19If you guys want to long it, you can. I
1:19:21got to wait to see what it does right
1:19:22here.
1:19:46That's great, bro. I'm happy
1:19:49that provides some type of value for
1:19:52you.
1:19:58And honestly, live streaming helps me
1:20:01because
1:20:03I don't want to look like an idiot and
1:20:05blow all my accounts in front of people.
1:20:07So, it allows me to be a little bit more
1:20:10cautious when I'm trading, which is what
1:20:12I need because sometimes I just don't
1:20:13give a [ __ ] dude. And I'll I'll just
1:20:16like start full porting [ __ ] So,
1:20:21it's okay to look like an idiot when
1:20:22it's just myself.
1:20:26But especially like I understand I tell
1:20:27you guys not to take trades that I take
1:20:29and I may say stuff on the stream that
1:20:31causes you to take take a trade which I
1:20:34hope not but if that happens I got to be
1:20:37careful right so I got to be careful
1:20:39about what I do and what I say cuz if I
1:20:42lose money like I said I don't really
1:20:44care but
1:20:47if if I cause somebody else to lose
1:20:49money it's not what I want to
1:20:55All right. So,
1:20:59I need to see this was a decent and
1:21:01close for the past the previous five
1:21:03minute, but
1:21:07I need to I didn't I got to wait for
1:21:10this next fiveminute candle.
1:21:19I'm not convinced yet.
1:21:37Especially when we had such strong
1:21:40selling pressure like we've been having
1:21:41this morning.
1:21:44You can take a chance and try and long
1:21:47the bottom, but
1:21:53>> you got to have like a little bit of
1:21:54that extra confirmation [music] in my
1:21:57opinion. Otherwise, I mean, dude, there
1:21:59was a long time I tried to continue to
1:22:01catch the bottom and catch the top of
1:22:03things and it caused a lot of blown
1:22:04accounts. So, I wait. I wait now.
1:22:09Good thing we waited. I mean, imagine
1:22:11you imagine you saw this and you went
1:22:13long up here. You're already over 100
1:22:16ticks in draw down 25 points.
1:22:20So, you want to see we wanted to see a
1:22:22strong close. And then especially I know
1:22:24we still got 3 minutes left, but
1:22:26especially depending where this uh PC
1:22:29closes, it's going to
1:22:31it's going to tell us a lot. But we want
1:22:33to see where the PC is going to close
1:22:34and how the delta is going to look for
1:22:38>> this fivem minute candle because
1:22:43if we have a PC close within this five
1:22:46minute, we leave these stacked
1:22:48imbalances
1:22:50and delta is strong for sellers,
1:22:54we're probably going to continue to come
1:22:56down.
1:22:59But the only way to know is
1:23:02or at least make one more low, right?
1:23:05>> Maybe not come down like another 100
1:23:07points or something.
1:23:23Oh, is the stream lagging at all for you
1:23:26guys? cuz I think my RAM is getting used
1:23:29up right now on my laptop
1:23:32and I think it's causing it to lag.
1:24:10So that's also why you want to wait.
1:24:13All right, cool. Because my OBS is like
1:24:16lagging a little bit,
1:24:19which happens sometimes, and then I got
1:24:20to close it, but I can't close it right
1:24:22now because I'm streaming. So, I was
1:24:23just wondering, but thanks for letting
1:24:24me know. So,
1:24:27this is this is why you'd want to wait
1:24:29for the fiveminute candles to close. Me
1:24:32personally, like because I'm going off
1:24:34of information that I'm seeing within
1:24:36like
1:24:38five minute footprint candles, it's
1:24:42important that I wait until it closes
1:24:44because the information inside of the
1:24:45candle can change any time from open
1:24:48till close. Once it's closed, then you
1:24:51can understand the auction that happened
1:24:53during that fivem minute candle. Um, but
1:24:57while it's still forming,
1:24:59I mean, realistically,
1:25:02a lot can happen. I mean, you have five
1:25:04minutes. So, but right now, we have 30
1:25:07seconds until it closes. So, basically
1:25:09what I'm looking at now is if
1:25:12we have the PC close down there on this
1:25:145minute candle and we have a strong
1:25:17close, not one of these indecisive
1:25:19closes like it's where it's at right
1:25:21now, but if we have a strong close, then
1:25:23we may see it break past these stacked
1:25:25imbalances. Otherwise,
1:25:29we may just continue down and create
1:25:32another low before it makes another
1:25:34attempt to actually come back up again.
1:25:44All right. So, it didn't have a strong
1:25:46bullish close,
1:25:48so less likely to want to take some
1:25:50longs.
1:26:41And we are getting closer to uh
1:26:44lunchtime by the way. So just keep that
1:26:46in mind.
1:26:48But what
1:26:51I mentioned earlier, which is what we
1:26:53also kind of have to pay attention to
1:26:55right now, is we made this large move
1:26:58down, right? And now we're kind of
1:27:01stalling out or the selling pressure is
1:27:05subsiding for a little bit. We'll we'll
1:27:07say um there is a potential that we
1:27:10actually begin to consolidate.
1:27:12So
1:27:14if you're trying to catch some type of
1:27:16V-shaped recovery, you need to
1:27:17understand that
1:27:19we may begin to consolidate here and
1:27:24volume may die off
1:27:27heading into launch.
1:27:29in the next hour or so,
1:27:33but we'll just we'll keep it in mind
1:27:36when we're watching what's happening
1:27:37that we may start to consolidate. And if
1:27:40the ATR for the fiveminute candles are
1:27:42pretty large, like let's say, you know,
1:27:46where it would cause you to have stop
1:27:48losses
1:27:49that are potentially I mean,
1:27:54like look at this. The ATR right now for
1:27:57five minute candles is 46 points.
1:28:01It's pretty big.
1:28:03It's pretty big.
1:28:13So, let's see what it does here.
1:28:37And also, by the way, if any of you guys
1:28:40are not in our Discord, it's free.
1:28:43We don't sell anything, but there's
1:28:46definitely a lot of cool traders you
1:28:47could learn stuff from. So, if you want
1:28:50to join it,
1:28:52the link is in the description of this
1:28:54video.
1:29:01And sometimes we give away Alpha Futures
1:29:03accounts in there. So, if you want to
1:29:04win some free evaluations,
1:29:09you could probably win them if you're
1:29:11lucky in the Discord.
1:29:14All right. So, we're watching this uh
1:29:16fivem minute candle come up here and we
1:29:18want to see how it's going to close in
1:29:20the next minute and 30 seconds.
1:29:25Otherwise, if it comes back down and
1:29:28can't close above it, then we may just
1:29:32like the most ideal situation for us to
1:29:36see right now is a large buy order come
1:29:40in showing intention
1:29:44of trying to push price higher or the
1:29:47attempt at least to try and push price
1:29:49higher.
1:29:59But if it closes pretty bullish, like
1:30:01it's looking like it will.
1:30:12>> Then we'll see.
1:30:40Okay. Yeah, this is looking pretty good.
1:30:42We're going to see how far it wants to
1:30:44come back up, though.
1:30:50I may
1:30:52wait to see if we can get a retracement
1:30:53on this fiveminute candle if it happens,
1:30:56but
1:30:59I'm actually less likely to uh
1:31:1015 minute is nasty.
1:31:39So because this like five minute candle
1:31:41and this 15-minute candle are so large.
1:31:48I mean, that 15-minute candle is what,
1:31:49like
1:31:51100 points?
1:31:57Yeah, 120 points. If I did want to go
1:32:00long, I'd have to wait
1:32:03for it to come back a little bit,
1:32:09but
1:32:15Honestly, I do think there's a pretty
1:32:17good chance we start to we start to
1:32:20range. I don't think we get a V-shaped
1:32:21recovery today. It may happen.
1:32:25It may happen. The hourly is looking
1:32:27crazy, but
1:32:30I believe a V-shaped recovery coming all
1:32:32the way back up here like another 100
1:32:35150 points before
1:32:39I mean maybe during the PM session, but
1:32:41realistically I'm not trading that time.
1:32:43So,
1:32:46my thought process is more so what's
1:32:47going to happen in the next like 20
1:32:49minutes.
1:32:55And I don't really think in the next 20
1:32:57minutes we're going to rip and have a
1:32:59V-shaped recovery like that. But we may.
1:33:02Maybe it just won't give an entry. You
1:33:04got to watch it happen. Down and up. Sit
1:33:08on the sidelines for the move down. Sit
1:33:10on the sidelines for the move up.
1:34:09Still looking pretty strong.
1:34:44But it's important for me to wait for
1:34:45this five minute candle
1:34:48to close in about 50 seconds.
1:35:08Because if it closes and it looks kind
1:35:11of like this
1:35:15and it's bearish
1:35:19in the next 20 seconds, if it does that
1:35:21then maybe I can see the next candle
1:35:22coming down before we
1:35:25come up. Unless it closes pretty bullish
1:35:28right now that we may just continue
1:37:05I want to wait for a deeper pullback and
1:37:07potentially try and take a long on this
1:37:09evaluation account.
1:37:27You see the homepate
1:37:39system systems. The sounds are blended
1:37:41together.
1:38:28All
1:38:44right, I am going to
1:38:49That sign pressure is pretty strong.
1:38:56I'm going to go long on this uh
1:38:59evaluation right here.
1:39:02We may Oh, actually, wait.
1:39:30Never mind.
1:39:33Never mind.
1:39:45I think it might be um
1:39:56may have established the range for the
1:39:59uh
1:40:01consolidation until PM move happens.
1:40:12I want to see how this um
1:40:16five I want to see how this five minutes
1:40:18going to close though.
1:41:34All right. I want to see if buyers can
1:41:36really push back up. Otherwise, it might
1:41:41I want to see what the buyers are going
1:41:43to do right now.
1:42:03All right, I'm going to go short on
1:42:06um this evaluation. There's like a
1:42:12we'll probably risk the daily loss limit
1:42:14honestly,
1:42:17but I but if it does drop down like I'm
1:42:20going to move this to break even pretty
1:42:21quickly.
1:42:26I want to see realistically what I'm
1:42:29trying to see is I'm trying to see
1:42:34this area
1:42:37kind of be respected and I would like to
1:42:39see us I don't know whether or not we're
1:42:41actually going to go take the lows but
1:42:46we'll just wait to see. I want to see
1:42:48this 5m minute get past the previous 5m
1:42:50minute low that wick.
1:42:54But if we lose this trade, we're going
1:42:56to hit loss limit on the daily loss
1:42:58limit on the uh evaluation.
1:43:34The moment we take this wick on the
1:43:36previous five minute
1:43:39I'm
1:43:45I'm going to move it to break even.
1:44:28>> [music]
1:44:52>> Yeah, that does not look good. It's
1:44:54stalled out right there
1:44:58and it's flipping.
1:45:02If we die, we die
1:45:14because there's 30 seconds left in this
1:45:165m minute candle.
1:45:21And if it closes like this, oh yeah,
1:45:25[music] we're cooked.
1:45:47Yeah, we're cooked. We're cooked. This
1:45:49is about a rip right now.
1:46:27Maybe we get saved.
1:46:35Maybe the level holds.
1:46:40Although, I'm gonna be real though. Even
1:46:42though we did flip like that, it still
1:46:43doesn't look good.
1:46:46It doesn't look good because we had
1:46:49selling pressure that was coming in and
1:46:51it it got held up. And this is if it
1:46:56does come down again, it's going to be
1:46:57this the second attempt. And if the
1:47:00second attempt doesn't break past this
1:47:02like this 5m minute low right here,
1:47:07we're done for.
1:47:17So, the only thing that can save us
1:47:19right now is some pretty strong selling
1:47:21pressure to come in.
1:47:23And then we do need to be careful once
1:47:25if it does take this fivem minutee low
1:47:27because it can wick it and pop back up.
1:47:29So, that's why we'd be moving to break
1:47:31even if it gets down there.
1:47:37Ooh, that's a good long.
1:47:40We're currently just uh full porting
1:47:44this uh not full porting it, but we're
1:47:46going pretty heavy and risking well I
1:47:48guess essentially it's full porting it
1:47:50if I'm risking the daily loss limit in a
1:47:52single trade. So
1:48:01So I need to see this five minute
1:48:06start to push pretty hard right here.
1:48:08Otherwise it's just going to create a
1:48:10higher low and flip back,
1:48:14which I don't want to see. I want to see
1:48:16us come down, take the orders out at
1:48:19120, take the low of that 5m minute
1:48:20candle so we can move to break even, and
1:48:23then I don't really care what happens
1:48:24after that.
1:48:29But the PC just changed on this candle
1:48:32to be below, which is not good again,
1:48:34right? So essentially, we just try to if
1:48:37this doesn't push down, then we just
1:48:39tried to push down for
1:48:42the second time essentially and we're
1:48:45about to rip.
1:48:49So,
1:48:53I'm actually going to
1:48:58move my stop above this five minute
1:49:02and we'll just take the O
1:49:05and I'll save myself $500.
1:49:39We have 1 minute to get a strong bearish
1:49:42close on this candle. Otherwise, we're
1:49:44cooked.
1:49:48It didn't take the low yet. Once it
1:49:50takes the low of that fivem minute
1:49:52candle, I'll move it to break even
1:49:58and then we'll try and let it ride
1:50:00[music] and trail a stop. Although
1:50:07we'll see what happens.
1:50:39Oh yeah, it's all bad. It's all bad,
1:50:47but it's okay. So, at the end of the
1:50:48day,
1:50:53Oh, my my stream is like lagging.
1:51:00All right, we're going to get taken out
1:51:01of this. So, at the end of the day
1:51:03though,
1:51:05we did take an L. We went a little bit
1:51:07in profit,
1:51:09but ultimately we came back and it hit
1:51:12us out and now we're pumping.
1:51:16So, I passed I'm going to stop trading
1:51:19now, but
1:51:22I passed uh a 50k combine.
1:51:28We tried to short it up here. Let me
1:51:30change this. We tried to short it up
1:51:33here. We got cooked. We had too tight of
1:51:37a stop loss, so we got taken out. We
1:51:39were targeting the middle of this range,
1:51:41which is about right here.
1:51:44And then
1:51:46we sat here and we waited and then I
1:51:48wanted to take a trade on this EVO.
1:51:51And uh I was looking for this area to
1:51:54hold. We attempted to push down once. We
1:51:56attempted to push down twice. This one
1:51:59when it came back up,
1:52:01it was a done deal. Sellers failed to
1:52:04push past this. And we're about to go
1:52:06higher and make a new high
1:52:09realistically.
1:52:12So,
1:52:14down 1,500 on this account, down 200 on
1:52:19our funded account and we passed an
1:52:23eval. So, we got a new funded account.
1:52:25So, we have four funded accounts right
1:52:28now. Working on this Eval. We may or may
1:52:31not blow it. I think this EVA has like
1:52:33$4,000 of draw down. So, 1,500.
1:52:38We got like $2,500 left.
1:52:42We can make a comeback with that
1:52:44with three minis. We can make a comeback
1:52:46with that pretty easily.
1:52:49Anyways,
1:52:51I'm going to log off. I got some stuff I
1:52:52got to do. If uh again, if you guys want
1:52:55to um join the Discord, it's free.
1:53:00Links in the description. It's a great
1:53:02community. A lot of cool traders in
1:53:03there. And I'll probably be back around
1:53:07the same time tomorrow. And hopefully we
1:53:10do better. Today wasn't the best day,
1:53:13but you know what? Not a lot of damage
1:53:16on the funded accounts.
1:53:19That's all I care about. Evals, it's a
1:53:22bummer. It's not the end of the world.
1:53:28Along the bottom tick on the retrace.
1:53:30Nice.
1:53:32Yeah. You know what's crazy is before I
1:53:34took that short, my dumbass literally
1:53:37said like, "Oh, I want to go long when
1:53:40it retraces. I want to have it retrace
1:53:42further." And then I just like flip my
1:53:45bias at the last second and try to go
1:53:46short, which was stupid. So, anyways,
1:53:51learn from the mistakes, do better next
1:53:53time, and I'll catch you guys
1:53:57tomorrow.
1:53:59Peace.

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