Quick scalp using GEX levels for 45 points on the funded account #trading #nq #fundedtrader — Transcript

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1. 0:00So, we're currently accepting higher
2. 0:01prices. I am looking for us to take out
3. 0:03these highs sitting here and potentially
4. 0:05continue our way up towards the call
5. 0:08wall. So, I'm actually going to be
6. 0:10looking to go long if we get a little
7. 0:11bit of a deeper retracement here on this
8. 0:13candle. I'm looking for us to kind of
9. 0:16tap back into where C2 is sitting.
10. 0:19Looking for sellers to fail when they
11. 0:20push lower right now. All right, sellers
12. 0:23are struggling. I'm going long right
13. 0:24here. We're going to be aiming for the
14. 0:27the call wall up here.
15. 0:33We're looking for these buyers to start
16. 0:34stepping in.
17. 0:35>> [music]
18. 0:35>> At this point, we need to start trailing
19. 0:36the stop. We just took the highs and
20. 0:39we're pushing right up into the call
21. 0:40wall.
22. 0:44So, we ended up getting out of that.
23. 0:46Caught about 45 points um on that trade.
24. 0:50So, [music] the reason that I took that
25. 0:51trade is we began to push up. We were
26. 0:54getting above the HVL. We were watching
27. 0:57sellers attempt to push lower. They were
28. 0:58failing. We were causing a grind higher.
29. 1:00And so, once we started accepting above
30. 1:02these highs that we put in at the open,
31. 1:05[music] I was looking for sellers to
32. 1:07push down towards C2 or the second
33. 1:10highest positive net gex. And when we
34. 1:13saw failure and buyers stepped back in,
35. 1:15I went long and I was actually targeting
36. 1:17the call wall. But, because we're in a
37. 1:19positive gamma environment, I typically
38. 1:20do trail stops, especially when we're
39. 1:23approaching a major level such as the
40. 1:26call wall. So, it puts us up about 1,200
41. 1:29on the day. I'm just going to call it
42. 1:31there for the funded account and I'll
43. 1:32catch you guys next time I trade. Peace.