The winning streak continues - PnL: +$2,620 | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
Full transcript
- 0:07Yo, what up?
- 0:19So, this is already kind of playing out
- 0:21during um
- 0:25the analysis I had is kind of playing
- 0:26out during pre-market.
- 0:31We're trying to target 25514,
- 0:34but
- 0:37Oh,
- 0:38my bad. So, the analysis is kind of
- 0:41playing out premarket right now.
- 0:45We're just running.
- 0:47Um,
- 0:50I did take a
- 0:52I did take a small long to uh follow it.
- 0:57So, I'm up like 400 across four of my
- 1:00funded accounts. I may take another long
- 1:05pre-market. I want to see it go higher,
- 1:08but what I think might happen is we
- 1:09might retrace back into some of this
- 1:11news move. And um I just don't want to
- 1:15see us get below here. If we get below
- 1:18here, then I'm no longer looking for
- 1:19longs. But this is the ultimate target.
- 1:21So, honestly, if we open up and we just
- 1:24run and take this out, I'm done. I'm
- 1:26done for the day.
- 1:30So, this is because the whole time what
- 1:33I've been waiting for this entire week
- 1:36is basically
- 1:38for us to
- 1:42come up into this area.
- 1:47I've been waiting for us to come up here
- 1:50and then I want to see if we're going to
- 1:51turn around or if we're just going to
- 1:53continue. So this high right here
- 1:57is the ultimate target for me for today.
- 1:59It's really not that far away. So that's
- 2:02what I mean after we just had a pump
- 2:05like that during pre-market. So that's
- 2:08why I kind of took a pre-market trade
- 2:10and I actually might take another one
- 2:15because I'm watching this right here,
- 2:18this area.
- 2:22So,
- 2:23I'm going to see if we start to bounce
- 2:25off of here. If we do, then I'm just
- 2:27going to take another long and just
- 2:28target these highs because it would be
- 2:31for at least like a 100 ticks.
- 2:34But if [clears throat] we we might open
- 2:37up and rebalance some of this. So, we
- 2:39just need to be aware of that because
- 2:40look at this right here. Um
- 2:43this is a volume imbalance for the news
- 2:46candle
- 2:48NFP. So, we may revisit this later.
- 2:52today. I just don't want to see us again
- 2:56get below here and then stay below here.
- 2:58So, we'll make this red
- 3:02and we're just going to say no longs
- 3:05below here.
- 3:10I don't want to take longs.
- 3:16No, I'm not up 1,800 on this account.
- 3:18I'm just up uh 470.
- 3:40So,
- 3:42we'll wait
- 3:45and see.
- 3:47We're already up on the day on all the
- 3:49funded accounts, so it's kind of
- 3:52I'm not too pressured to take a trade.
- 3:54Although, I do want to see us like go
- 3:56higher.
- 3:58I thought we were going to do it
- 3:59yesterday, but we ended up kind of just
- 4:00like fizzling out and not really doing
- 4:02much.
- 4:08It looked good in the beginning.
- 4:14All right,
- 4:16let's see what um
- 4:21see what happens.
- 4:30I'm going to take a pretty light long
- 4:32position just with five micros. And the
- 4:34stop's just going to be like right at
- 4:36the bottom of this
- 4:38candle right here.
- 4:41And I'm going to see if this new
- 4:4215-minute candle is going to take it
- 4:45back higher. Although it may sweep this
- 4:48low right here. It's okay. [snorts]
- 4:53I'm up 470 on all the accounts right now
- 4:56from a previous pre-market long that I
- 4:59took before I started streaming. So, if
- 5:00I
- 5:03if I lose $100, it's whatever.
- 5:07But I'd like to see it continue.
- 5:14But I'll I'm actually gonna if this goes
- 5:15up though, I'm probably going to move it
- 5:17to uh break even pretty quickly
- 5:20if it does go up.
- 5:23But I'm using smaller size on it because
- 5:26there is a chance that like on this 15
- 5:29minute if we are going to go higher that
- 5:31we actually take this low first
- 5:35that we actually take this low first
- 5:36before we pop back up. So
- 5:40that's why I'm going in lighter size.
- 5:47But I'll give it a shot
- 5:51just in case this thing literally runs
- 5:54to my target on the day and then
- 5:57it's that's it. Like there's nothing
- 6:00else.
- 6:02I just need to see us get past this
- 6:04area.
- 6:23But we pulled a uh pulled a payout
- 6:25yesterday. Oh yeah, this is about to
- 6:27come down, I think. But it's okay.
- 6:30Pulled a payout yesterday.
- 6:35So that's 20K in payouts in 20 days. I'm
- 6:40going to save myself 50 bucks. I'm going
- 6:42to get out of this
- 6:55and we're just going to wait. I think
- 6:57we're actually going to come down a
- 6:58little bit. So, save myself $50
- 7:02by getting out of it. I wanted to give
- 7:05it a shot, but once I saw this coming
- 7:06in, I just decided to get out.
- 7:12Thanks, Pigy.
- 7:15So, yeah, now this balance is only
- 7:1812,700, which is still a lot, but
- 7:24it was more for a while.
- 7:53Let me see if we have any
- 8:00All
- 8:05right, we should be chill.
- 8:15>> But um pre-market though, what I took
- 8:18was
- 8:20when we were coming up here
- 8:24when this candle basically came down and
- 8:27made it. It didn't make a wick higher
- 8:28first. It came down first. When it
- 8:31started coming back up, I entered long
- 8:33and then I got out right when it took
- 8:34the highs.
- 8:38And then I would like to see us continue
- 8:39to 514, but we may retrace deeper first.
- 9:16How was I convinced that price was going
- 9:18up at that moment when I just try to
- 9:20take it right here or right here?
- 9:26this one or the one that I actually made
- 9:29money on.
- 10:15Are you talking which one are you
- 10:17talking about? Are you talking about the
- 10:19one that I just tried to take right now
- 10:20with half size? Are you talking about
- 10:22the one that
- 10:25I took down here?
- 10:37Not the one that I quit. Okay. So, this
- 10:39one.
- 10:41Okay. Okay. Well, the reason why I took
- 10:43a long right there is because
- 10:51what happened was I got on right as this
- 10:53uh news candle was happening. So,
- 10:56before the news candle happened, what
- 10:58did we do? We took the lows, we popped
- 11:00back up,
- 11:02and we took these highs. News candle
- 11:04with the news candle.
- 11:07Now, my
- 11:10my bias this entire week so far, ever
- 11:13since I sent the weekly outlook, is I I
- 11:16was I've been expecting us to come up
- 11:17here to 514. So, if my bias is long
- 11:22and there's a lot of buying pressure
- 11:25that's happening like when this was
- 11:27happening, it was moving pretty quickly
- 11:28by the way. like this area. I mean, even
- 11:33from where I entered to where I got out
- 11:35is like 250 ticks, right?
- 11:40So, I'm just following the pressure
- 11:43higher. So, when
- 11:46we were right here,
- 11:48there was like stacked imbalances or
- 11:50where where is it?
- 11:52Or there was like a cluster like or
- 11:55maybe not. I got in right here
- 11:58because we opened up, we pushed down. I
- 12:00didn't think that we were just going to
- 12:01turn around. So, I thought we were at
- 12:04least going to make a wick above this
- 12:05candle if we are going to turn around.
- 12:07So, I entered in somewhere over here and
- 12:09then once we
- 12:12came right here, I moved my stop to
- 12:13break even and then we just started
- 12:14moving.
- 12:16But it's because I'm trying to follow
- 12:20um
- 12:24I mean like if my plan is that we're
- 12:26going to come up here to take these
- 12:27highs and then take these highs, then
- 12:28I'm just going to
- 12:31try and find an area where I can try and
- 12:32pile in or hop on the train to take a
- 12:36long if that makes sense. And I don't
- 12:39think that this is going to be the high
- 12:40of the day either.
- 12:44I mean, it may be, but I doubt it.
- 12:50This one, though, this one that I took
- 12:51right here is just because on a 15minute
- 12:53candle, these are five minutes, but on a
- 12:5515-minute candle, there's a large low
- 12:57volume node sitting right in this area
- 12:59from it's basically this fair value gap
- 13:02right here. Like, it's from
- 13:04right here
- 13:07to basically right here.
- 13:11So, I was expecting us to when we did
- 13:13this this little candle, I was seeing if
- 13:15we were going to just continue higher,
- 13:17but we were we're messing around right
- 13:19here. And it's pre-market. So, I just
- 13:21decided to get out of it
- 13:23because the only thing that I didn't
- 13:25want to happen is like
- 13:28when I sent out my daily outlook today,
- 13:30we were right here, right?
- 13:32And what I said is I want us to go
- 13:34higher to take this and take this and
- 13:36then we start doing it pre-market. So if
- 13:39we and that's all I want to see today.
- 13:43So if we do that before market even
- 13:46opens,
- 13:49then I don't want to trade. I don't want
- 13:50to trade anymore because this is my that
- 13:52was my whole plan for the day.
- 13:57So if I see it happening premarket, I'm
- 13:58just going to try and hop in it.
- 14:03I hope that makes sense.
- 14:10The only thing though is that since this
- 14:11is such a large move up,
- 14:14I mean, we're talk we have a volume
- 14:15imbalance at the data lows and we
- 14:19basically from news already came up
- 14:22almost 200 points.
- 14:25>> So,
- 14:29we may retrace some of this, but I I'm
- 14:32still expecting us to go higher. I don't
- 14:34think this is going to be the high of
- 14:37the day.
- 14:40At least one more high.
- 14:53So, like what I'm thinking right now is
- 14:56if market opens up and we open up and
- 15:00immediately start dropping and then we
- 15:03snap back up and create like a nasty
- 15:05wick,
- 15:08then I'm going to go long. As long as we
- 15:09didn't take these highs before that
- 15:11happens. If we open up and we just like
- 15:14straight up run higher and we run to 514
- 15:17and take it out, well then at that point
- 15:20that was like my plan for the day. You
- 15:23know what I mean? So
- 15:26I would probably just stop trading even
- 15:28though it would be like right at market
- 15:29open.
- 15:32It just happens like that sometimes. But
- 15:34I would sit here because what I'm
- 15:36looking for is
- 15:40in this area.
- 15:43I want to see if we're going to turn
- 15:44around or if we're going to continue.
- 15:46So, this is like my weekly area of
- 15:50interest that I've been waiting for us
- 15:53to get into so I can watch what happens.
- 15:56And it might be today.
- 16:01So, I guess we're going to have to see.
- 16:09But overall,
- 16:12we are still bullish.
- 16:15Once we get down here, I'm not going to
- 16:17be looking for longs anymore. That's why
- 16:19this is here.
- 16:25So, we're going to wait for market open
- 16:26and see what it does.
- 16:31Uh Oscar, I took a trade right here
- 16:35pre-market, so like
- 16:3830 40 minutes ago.
- 16:44So I'm up
- 16:46400 on this account, 400 on this
- 16:49account, and then my other two funded
- 16:51accounts with Funded Futures Network,
- 16:53I'm up 400 bucks.
- 17:16There we go. Max draw down. Let's go.
- 17:44But what I am going to try and do today
- 17:46is I'm
- 17:48going to use smaller size at the
- 17:50beginning because I need to lock in a
- 17:51$200 pay for all of these accounts. So,
- 17:55I have like $200 to risk, which is
- 17:57really not a lot. So, I'm probably going
- 17:58to go like
- 18:00two or three micros if I can catch a
- 18:02trade at market open. And if it puts me
- 18:05up like 600 on the day or whatever, then
- 18:08at that point, we can size up again and
- 18:10then try and take another trade.
- 18:14But if I lose the first trade, like
- 18:16let's say I try and take a long and then
- 18:18volatility is high and then it takes me
- 18:19out and then I'm down to being only up
- 18:23$200
- 18:24on four accounts,
- 18:26then I'll just lock it in. Cuz this day
- 18:29as well or this account as well is like
- 18:31it's only at a $1,400 balance, but it is
- 18:35on its
- 18:40fourth day.
- 18:44So, we need the fourth day and then
- 18:47maybe we're going to fullport that
- 18:48account for CPI and then just try and
- 18:50take a payout
- 18:53after we hopefully make money on CPI or
- 18:56we just blow the account.
- 18:59We'll see how that goes.
- 19:10All
- 19:25right, let's see what market open does.
- 19:50All right, I'm going to go long right
- 19:51here. And the moment we take the high
- 19:53like that, I'm going break even.
- 19:56It may snap back, but it's okay. I'm
- 19:58just gonna
- 20:00see if we can run to 514. I'm only in
- 20:03three micros though, so
- 20:10we'll see if these buyers can continue
- 20:12here. And then full TP is basically just
- 20:15going to be
- 20:18our main target, which is 514.
- 20:23So, if it does go up there from our
- 20:25entry, it's basically like it's going to
- 20:28come back. If it does go up there
- 20:30though, from over here, it's like 78
- 20:34points.
- 20:43It's just too close to open right now.
- 20:45So, I don't want this to like snap
- 20:46around. That's why I moved it to break
- 20:48even.
- 20:50But it might it might just run
- 20:54from here. But we'll wait to see what
- 20:57happens. I'll probably wait for the uh
- 21:02fivem minute candle to close.
- 21:13[snorts]
- 21:22And also since we pumped up pre-market,
- 21:24I don't want us to basically enter into
- 21:26a balance and start to chop.
- 22:26How far in profit did that go? Where do
- 22:29we enter? 35
- 22:3135
- 22:34like 30 points.
- 22:58So, what I'm thinking right now is
- 23:00basically we're just going to sit here
- 23:01and wait. We're going to see how far
- 23:03this wants to dig back into the
- 23:04pre-market move, if it's going to do it.
- 23:11We tried to give it an attempt to just
- 23:13like break and run, but
- 23:16>> buyers came in, they couldn't push
- 23:18further and we just
- 23:21>> are snapping back and forth.
- 24:52SPX. I don't really look at SPX, bro.
- 26:04So, right now for me, I'm just going to
- 26:06wait. There's like
- 26:09I don't want to trade this yet.
- 26:13I want to see if we're going to actually
- 26:15come down into this area.
- 26:18Basically, like the candle, the fivem
- 26:21minutee candle of the
- 26:24the new the data candle
- 26:27for NFP.
- 27:04at least back to the equilibrium of
- 27:06Asia. It's kind of what I'm thinking,
- 27:08which is this red line right here.
- 27:16I want to see if we're going to come
- 27:17down there and then potentially look if
- 27:19we're going to bounce again. But
- 27:24this looks like a much better high that
- 27:26got put in than this one because earlier
- 27:29I was saying that I don't think this was
- 27:30going to be the last high of the day.
- 27:33This might be the last high of the day.
- 27:38So at least of the morning session
- 27:41because I just trade morning session.
- 27:46So we'll see what it does.
- 28:12Also, there's like a tiny little gap
- 28:14right here, by the way, like a volume
- 28:15imbalance.
- 28:20And then the large one from the actual
- 28:23data candle, which this one's actually
- 28:25pretty big.
- 28:37What indicators do I use? Um, I use this
- 28:41one. It's called
- 28:45I think the original one was called like
- 28:47ICT kill zones and then I took the code
- 28:49from this and then made it do what I
- 28:51wanted it to do.
- 28:53I also use um
- 29:00ATR like I see what the ATR is for
- 29:03fiveminute candle. It's on my project X.
- 29:05And then I have this indicator that I
- 29:07use which is one that I made and it
- 29:10basically is just showing I'm actually I
- 29:13I'm actually releasing a video about
- 29:14this one today and you guys can get it.
- 29:17It's free, but it basically just shows
- 29:19like
- 29:23how far away on average based off of
- 29:26historical data do we typically deviate
- 29:28away from Asia lows or Asia highs. So
- 29:31like yesterday we deviated up into level
- 29:34one down into level one. This day we
- 29:37went into the average range and then
- 29:40popped up.
- 29:42And so basically I just use it as a
- 29:46location to understand where we are in
- 29:48relation to Asia session because I use
- 29:50Asia session as an anchor for the daily
- 29:52candle
- 29:54in terms of understanding like location.
- 29:59But I don't use it to take trades. I
- 30:01just take I just use it to understand
- 30:02like where we're at. But the main one
- 30:05that I use is really just this one where
- 30:07you see these boxes. It's just showing
- 30:08me the sessions. Oops.
- 30:17And then on the uh footprint I use like
- 30:19stacked imbalances and big trades and
- 30:21then the DOM and then heat map
- 30:25and then delta for each individual
- 30:27candle and then volume for each
- 30:29individual candle.
- 30:47I'm going to wait for this uh 15minute
- 30:49candle to close first before I really do
- 30:51anything.
- 30:53I don't really want to um
- 30:57force anything right now.
- 31:15I'll be
- 31:17back.
- 31:37Yeah, for sure. MJ. And also the video
- 31:39talks a little bit about why I actually
- 31:42use Asia Session as the anchor for the
- 31:46day.
- 31:58I have it scheduled to come out in like
- 32:00an hour and 20 minutes.
- 32:14Also, let me know if the stream starts
- 32:16to look like [Â __Â ] because I think my
- 32:17internet's [Â __Â ] up right now.
- 33:10So again, I'm just waiting for this 15
- 33:12minute to close.
- 33:19If the hourly is going to close like
- 33:21this, I mean, I'm I'm going to expect
- 33:22that we actually dig deeper past this.
- 33:27Unless we come up before
- 33:30the next 15 minutes and then we close
- 33:33somewhere up here, then we may pop up
- 33:35higher. But
- 33:38we'll have to just wait and see.
- 34:23All right, so the new 15 opened up
- 34:34We're struggling a little bit to get
- 34:35past this area. So, we need to if we're
- 34:38going to go higher, we need to start
- 34:39seeing this these bold numbers,
- 34:43which are basically imbalances of 400%.
- 34:46They need a little light up and then we
- 34:48need a run.
- 35:28So like this hourly candle now that I
- 35:30mentioned, this looks way better for us
- 35:32to continue higher.
- 35:34We just need to stay up here. I don't
- 35:37want to see us come back below this
- 35:39area. Now, if we are going to actually
- 35:41continue up to 514, I don't want us to
- 35:43come back here
- 35:48back below here.
- 36:09like that. That's pretty nasty.
- 36:51How big are these five minute candles?
- 36:5870 points. That one 50 points.
- 37:02ATR right now is like
- 37:0740 points, but it's going to increase.
- 37:20Great. My internet is [Â __Â ] up,
- 37:25dude. I don't know why.
- 37:28I got to fix it.
- 37:31What up, Frankie?
- 37:43this. But this right here, like what's
- 37:45happening right here, this is just like
- 37:47a I don't even want to touch this right
- 37:50now.
- 37:55We're just indecisive right now. We
- 37:58can't really
- 38:01We're not having any follow through in
- 38:03in either direction.
- 38:07CCG server. What is that?
- 38:21Is that happening for you too? Like when
- 38:23when you see on my screen that it
- 38:24freezes?
- 38:26Because it was happening to me yesterday
- 38:28and I asked the chat and they said that
- 38:30it wasn't happening to them. So I just
- 38:32have to assume it's my internet.
- 38:34Especially
- 38:38if it freezes because I have three
- 38:40different data feeds right now that I'm
- 38:41looking at. So if they all freeze at the
- 38:43same time, that's just like, well,
- 38:47it's probably my internet.
- 38:55>> You know what I probably should do? I
- 38:56should probably get like a super long
- 38:58Ethernet cable,
- 39:01plug it into my computer.
- 39:26So, I'm trying to see if we're actually
- 39:28going to continue higher or not. If
- 39:30we're just going to chop right now,
- 39:50kind of a boring open.
- 39:52Thank god I took a long pre-market. So,
- 39:55we'll just see if uh
- 39:58we're going to dig deeper or not.
- 40:01And then if we do come lower, I'm
- 40:02basically just going to be watching this
- 40:04area
- 40:05whether we're going to bounce here
- 40:09or if we're going to continue to fill
- 40:10the volume imbalance from day to lows
- 40:13and then potentially bounce.
- 40:16And again, if we get below here,
- 40:21I'm not going to be looking for longs
- 40:23anymore.
- 40:38a TP link.
- 40:40I'm not even a computer guy. I got to
- 40:42look that up.
- 40:44I don't even know what that is.
- 40:47TP link.
- 40:50I mean, I could just get like a Is it
- 40:52bad if I get like a like a 30 foot
- 40:56because it's over here? The internet
- 40:58thing. It's like right there.
- 41:00>> I could probably just get like a 15 foot
- 41:0320 foot Ethernet cable and then like
- 41:06connect it.
- 41:37If we break 15,
- 41:40determine by it. I determine bias. If we
- 41:44break 15 and accept or reject
- 41:48um
- 41:5215
- 41:54you're talking about
- 42:03I don't know I mean I don't know what
- 42:05you mean
- 42:07you talking about this like are you
- 42:08talking about like a like a fair value
- 42:10gap thing like this
- 42:13you're understand if we break this and
- 42:14we like inverse it then my bias is
- 42:16invalidated. Not necessarily like
- 42:20I just like if my if my bias for the day
- 42:23is 514 and I think that that was the
- 42:26ultimate target for the day. Well then I
- 42:29need an invalidation point where I think
- 42:31it's no longer likely that we're going
- 42:33to 514. So where would that be? Well, if
- 42:36we don't like bounce and continue higher
- 42:39and we start digging deeper into like
- 42:43this area and there's no sign of any
- 42:45type of buying pressure, then you know
- 42:47these lows are probably going to get
- 42:49ran. And then once we're down here,
- 42:52because I only trade like
- 42:55New York AM session, what are the
- 42:58chances that within the next like
- 43:0145 minutes basically or like an hour
- 43:04that we take these lows and then just
- 43:06V-shaped recovery all the way back up?
- 43:08It's not likely. So then at that point,
- 43:09I'm just deciding that I don't even want
- 43:12to attempt it. Now, in the PM session,
- 43:14it could do that, but I just don't trade
- 43:16PM sessions. So,
- 43:19like if I if I'm looking at it like
- 43:22this, right,
- 43:24and I want us to come up here
- 43:28and we already took these highs. But if
- 43:30I want it to look something like this,
- 43:34if that was my idea, then I don't want
- 43:36it to basically do this
- 43:41because this is just going to take way
- 43:42too long.
- 43:45And I'm already up on the day. So, like
- 43:48my confidence just drops for longs once
- 43:52we start digging deeper into this area.
- 43:56And I'd much rather just wait for us to
- 43:59then start to create these like equal
- 44:02relative equal highs, these highs, and
- 44:04then maybe later this week, tomorrow or
- 44:07Friday or even potentially next week, we
- 44:10take it out, come into the area up here
- 44:12that I was watching. And then
- 44:14um see if we start reversing down and
- 44:16then on a higher time frame,
- 44:19if we start reversing down, I'm looking
- 44:21for us to come into this area. And if we
- 44:23run through it, then I want us to take
- 44:24the lows that we left from last week.
- 44:26But that's a massive move. So that might
- 44:28not happen.
- 44:30You know what I mean? But
- 44:32that's what I'm watching for on a 1 hour
- 44:37because we're going from discount to
- 44:39premium and then basically rotating in
- 44:43in between the middle. We pop our head
- 44:44above, take all the highs, we make a
- 44:46run, we never take the lows. And now we
- 44:49are coming back to equilibrium of a
- 44:51higher time frame range. I'm basically
- 44:53watching if we're going to just come all
- 44:56the way back up into premium again or if
- 44:59we're going to just have a retracement
- 45:00before we roll over again and come down
- 45:03here.
- 45:06That was kind of my idea for the weekly
- 45:09outlook of this week.
- 45:19mixing of with your model. Oh,
- 45:22orderflow.
- 45:25Um, yeah, orderflow helps me out. I
- 45:28would say I use orderflow every day.
- 45:31It's how I enter trades.
- 45:46But I use like market structure and
- 45:49sessions
- 45:51for like direction and bias. The only
- 45:52thing I'm using order flow for is just
- 45:54entries
- 45:59and then
- 46:06no I don't try and bottom tick. No.
- 46:09I mean there's different things that
- 46:10trigger an entry. It depends what I'm
- 46:12looking at. The the main thing first is
- 46:14just understanding like location, right?
- 46:17So like where should I actually be
- 46:19taking a trade? First you understand
- 46:21first I look at the chart, right? And I
- 46:23try and find out where do I think we're
- 46:25going to draw to and then I look for
- 46:28potential location of where a move might
- 46:31get exhausted. Look at this. It's
- 46:32running down now.
- 46:35Or where we might turn around. And then
- 46:37I have location. And then once I have
- 46:39location, then I essentially just wait
- 46:41for price to get in there. And then I
- 46:42start watching order flow. And I look
- 46:44for responsive behavior. And what is
- 46:46responsive behavior? Well, well, it's
- 46:48basically like if if I have a location
- 46:51on my chart.
- 46:53I'm not just going to take like let's
- 46:55say let's say this is my location. Okay?
- 46:58Like let's just say I draw a box. Maybe
- 47:00maybe we'll call it this fair value gap.
- 47:02Okay?
- 47:03Just because price is in this area
- 47:06doesn't mean I'm just going to blindly
- 47:08take a trade. It doesn't mean that I'm
- 47:09going to mark out like
- 47:12the 50% of this and then just like enter
- 47:16in at 50% and try and bottom ticket.
- 47:18Like no. I'm going to wait to see what
- 47:22price is actually doing in this area.
- 47:25Whether buyers are responsive and
- 47:26they're stepping in or if sellers are
- 47:28just dominating and we're going to fly
- 47:30through it. And then once I see what's
- 47:33happening in the auction, then I can
- 47:34determine to take a position or not. As
- 47:37long as it as long as it's within
- 47:39basically like the location and then
- 47:42it's with my bias. But a bias always has
- 47:45to have like an invalidation point.
- 47:47Otherwise, it's not a bias. It's just an
- 47:51opinion
- 47:54because there's always a point for a
- 47:56bias, a daily bias where it basically
- 47:59needs to you need to start shifting your
- 48:01mindset to something else. You can't
- 48:03just like
- 48:05marry a bias. Like let's say let's say
- 48:07my bias is long to hit 514
- 48:11and we just keep falling lower and lower
- 48:12and lower. Am I just going to keep
- 48:14trying to take longs all day? No.
- 48:16There's got to be somewhere where I'm
- 48:18like, "Okay, longs are off the table."
- 48:20And for me, it's down here.
- 48:23Happy birthday, Z.
- 48:38>> Yeah. All right. I'll look into that.
- 48:39Thanks for uh telling me about that.
- 49:06Well, it depends like where
- 49:09absorption
- 49:11can happen
- 49:13in random places For me in my strategy,
- 49:16I would consider it random. So just
- 49:19because like if you identify that
- 49:20absorption is happening, like let's say
- 49:22volume is building up, there's very uh
- 49:26very large volume in a fiveminute
- 49:28candle, but yet it's not really going
- 49:31anywhere and it keeps like bumping its
- 49:32head into a wall. None of that matters
- 49:35unless it's in
- 49:38the location of where I wanted to take a
- 49:39trade. Now, if it is in that location of
- 49:41where I wanted to take a trade, then
- 49:45I'll wait for
- 49:47momentum to shift. So, I'll look for
- 49:49like delta flips and then I'll I'll
- 49:52watch to see where the PC is. And a lot
- 49:54of my entries have to do with like low
- 49:57volume nodes within candles, fiveminute
- 49:59candles, retests of PC's
- 50:03and uh retest or retest of basically
- 50:07like stacked imbalances or clusters.
- 50:13The whole goal is basically just to
- 50:14follow the pressure for me. That's how I
- 50:17trade with order flow. I just try and
- 50:19follow pressure.
- 50:21Where is it going? Who's in control?
- 50:24Okay, let's try and not step in front of
- 50:26a train. That's basically like my entire
- 50:29idea.
- 50:35So, for example, I said I wanted to see
- 50:37us dig deeper into here. So, now I'm
- 50:39watching
- 50:40What am I watching for? Well, I'm
- 50:42watching this low volume node right here
- 50:44that also has a large trade in it. If
- 50:47buyers can start pushing back above this
- 50:50with
- 50:52initiative, basically like you start
- 50:54seeing like white numbers on the right
- 50:57side, meaning there's like loads of
- 50:59imbalances of buyers over sellers just
- 51:01hitting the ask.
- 51:03Then if we get a strong close, then that
- 51:07becomes kind of like confirmation for me
- 51:10that we may actually bounce out of here.
- 51:12Now, the only thing that I don't like
- 51:13when I'm trying to take a reversal like
- 51:15that or a continuation after this move
- 51:18down is I usually like the wick to be
- 51:21past the previous candle's wick. I don't
- 51:23like it when it's like this. It makes me
- 51:26think that this isn't actually the low.
- 51:28It could be, but it makes me think that
- 51:31it's like it just doesn't make me
- 51:32comfortable. I'd like to see it where
- 51:35if we were going to bounce in this area,
- 51:37I would have wanted to see this candle
- 51:38run, make a wick, and snap back and
- 51:40become bullish, and then you see buyers
- 51:42stepping in, and then we can look for an
- 51:43entry to take it all the way back.
- 51:47Otherwise,
- 51:48if you would have tried to enter right
- 51:50here or here, the moment you saw a big
- 51:53buyer stepping in thinking that that was
- 51:55like responsive behavior for your
- 51:57location, you're about to get destroyed.
- 52:00So, you got to just kind of like wait.
- 52:02So, now we have two minutes left in this
- 52:04fiveminute candle. If this fivem minute
- 52:07candle now took the previous candle's
- 52:09low and it snaps back,
- 52:12then that looks better for a long
- 52:14position for me.
- 52:16But as of right now, we just had buyers
- 52:19step in.
- 52:21They failed any type of follow through
- 52:24and now sellers again are pushing lower.
- 52:26So at this point, I'm like less and less
- 52:29likely to try and take any type of long
- 52:31position and I might just watch this
- 52:33thing
- 52:34essentially drop and target data lows
- 52:37right now.
- 52:41And if that's the case, then you know
- 52:43what? like
- 52:45then my bias potentially was wrong for
- 52:47the AM session. If my bias is wrong,
- 52:50then
- 52:53I just don't trade anymore. I just don't
- 52:56trade. I was wrong. You know, happens
- 53:02because every time I come to look at the
- 53:04charts in the morning, I have a plan,
- 53:06right? And the last thing that I want to
- 53:08do is for my plan to be wrong. And then
- 53:10here I am with candles moving a million
- 53:12miles an hour and then I'm over here
- 53:13trying to formulate a new plan in my
- 53:15head. Like [Â __Â ] that, dude. I'll just
- 53:18[Â __Â ] try and make a better plan
- 53:19tomorrow. I'm already up too. I'm
- 53:22already up 400 on four accounts. So,
- 53:26it would be I would have to be a fool to
- 53:29basically like
- 53:31try and scramble and make a new plan
- 53:33because maybe we're not It looks like
- 53:35we're probably not coming to 514 anymore
- 53:37unless there's just a nasty V-shaped
- 53:40recovery.
- 53:44Uh, free education. How can we
- 53:46appreciate it? Well,
- 53:49use code thra. You could use code thra.
- 53:52That's it.
- 53:57Use code thrax for alpha futures. 20%
- 54:00off by the way for Valentine's Day. If
- 54:02you guys like Alpha Futures, it's 20%
- 54:04off.
- 54:09And then um I guess if you really want
- 54:12to be a real one, just turn on
- 54:14notifications for my YouTube and just
- 54:16like my videos and comment on them. That
- 54:19would be great.
- 54:21And I'll just keep
- 54:24trying to give you guys information to
- 54:27help you. Hopefully
- 54:30hopefully it helps.
- 54:35So yeah, like at this point
- 54:40I said, "Okay, I'm seeing if we're going
- 54:42to dig deeper and then bounce." Well,
- 54:43you know what's happening right now is
- 54:45there was like a lame ass attempt for us
- 54:48to try and do that and it didn't work.
- 54:49So now there's no sign of any type of
- 54:52buying coming in. So you know what
- 54:56my
- 54:59my mind is telling me. Okay. Well then
- 55:03realistically
- 55:05we're probably not going to look for
- 55:06longs anymore
- 55:09unless we get back up here. If we get
- 55:11past this area.
- 55:14Why? Because this area is where the
- 55:16buyers failed to push past the first
- 55:17time. And it's also a low volume note on
- 55:19the displacement down after we kind of
- 55:21chopped a little bit.
- 55:28So yeah.
- 55:31So we'll just kind of sit around and
- 55:35chill and just try not to force
- 55:38anything.
- 55:41If a setup comes, it comes. If it
- 55:43doesn't, well, sorry. You just watch me
- 55:45sit here and stare at the chart all day.
- 55:48All morning. But that's how it is some
- 55:50mornings. You just stare at the chart.
- 55:53You don't do anything.
- 55:56Our only trade was pre-market over here.
- 55:59And then we were just waiting to see if
- 56:01we were going to continue to 514. And
- 56:03since we're not, well, then we just sit
- 56:05here. Sellers stepping in again. They're
- 56:07probably going to take all these orders
- 56:09and take uh fill this volume imbalance
- 56:12from day to lows.
- 56:16So like why would I try and go long
- 56:17right here? I guess
- 56:20>> doesn't make sense anymore.
- 56:34>> But
- 56:36if you guys caught that short,
- 56:38that's great.
- 56:40That's awesome.
- 57:17I think what I'm going to do though
- 57:21is
- 57:23if
- 57:24if there's nothing here within like the
- 57:27next
- 57:2820 minutes, if I don't see anything or
- 57:31if we don't pick up in speed or we don't
- 57:34start actually moving around more, I'll
- 57:36probably just like stop for the day.
- 57:42400 on each account is not bad.
- 57:45I can live with that.
- 57:48And I just took a payout last night. So
- 57:52this now there's like a Dude, I'm on the
- 57:54eighth payout cycle of this thing. I'm
- 57:57going to hope that I can pull out all
- 58:00the money from this before they move me
- 58:01to a live account.
- 58:03I'm currently on like a I have like 37
- 58:07winning days on this account and I'm on
- 58:09a I'm on like a 25 day winning streak.
- 58:12It's pretty gnarly. I think that might
- 58:14be my longest winning streak ever. But
- 58:16it makes me kind of nervous because
- 58:23winning streaks in the past for me, the
- 58:26day that the winning streak ends is
- 58:28usually the day an account dies. Like,
- 58:32so I got to make sure that I don't I
- 58:35don't like try and force a winning
- 58:37streak to continue and then like it just
- 58:40ends up blowing an account.
- 58:45because that happens.
- 58:4925K in a month. Uh,
- 58:52so past 20 days.
- 58:56I don't know. Let's look at it.
- 59:02Past 20 days.
- 59:06I don't know. Let's go look.
- 59:13What is that? 45 45.
- 59:18What is it right now? The 12th 11.
- 59:23Let me see.
- 59:28If we're going to if we're going to
- 59:29account for the split, which we should,
- 59:31then that's 45 plus 45 plus 45
- 59:35+ 45
- 59:37plus 2019. So like 20 grand.
- 59:4420 grand, right?
- 59:48Yeah. So then technically it would be
- 59:50like if it was 5 10 15 20 it would be
- 59:54like 20
- 59:57three maybe 22
- 1:00:00something like that.
- 1:00:02Um
- 1:00:06$22,000 requested and then $20,000 paid
- 1:00:09out in the last month from just top
- 1:00:12step.
- 1:00:15But I'm working on my FFN accounts
- 1:00:19because
- 1:00:21that was the first firm I ever used when
- 1:00:23I started trading and I need to get my
- 1:00:25money back from them because they're
- 1:00:26like now one of the only firms that I'm
- 1:00:28not net positive with that I use because
- 1:00:31I dug a hole dug myself into a hole. So
- 1:00:34yeah, at this point I'm not looking for
- 1:00:35longs anymore. Like this is just like
- 1:00:39no bueno.
- 1:00:41We could bounce right here. This is the
- 1:00:43last area,
- 1:00:45the last potential area.
- 1:00:50But yeah, like this funded account
- 1:00:52though, I've had it since December 10th.
- 1:00:53So now we're December, January. We're
- 1:00:56two months into it, which I think is the
- 1:00:58longest I've ever had a funded account
- 1:01:01for. I usually just blow them.
- 1:01:07Thanks, bro.
- 1:01:10I got blessed with the metal with the
- 1:01:12metal uh
- 1:01:15the metal [Â __Â ] that happened last month.
- 1:01:17Last month, most of the profits that
- 1:01:19I've been milking came from trading
- 1:01:20silver,
- 1:01:32man. What a turnaround.
- 1:01:40This thing just turned on a dime.
- 1:01:45Like it just tapped. It just didn't want
- 1:01:47to take the highs, but it tapped into
- 1:01:48this little box.
- 1:01:53So, we're definitely going to take these
- 1:01:54lows now. And then we're going to see
- 1:01:56whether or not we're going to take these
- 1:01:58lows. And then if we do move down the
- 1:02:01rest of the day,
- 1:02:03then at that point, my bias for the week
- 1:02:07is going to start flipping
- 1:02:09to looking for us to dig deeper back
- 1:02:11into this move like
- 1:02:14into uh discount area of this move,
- 1:02:18which would be
- 1:02:21below 25,000 basically.
- 1:02:37spx filled the gap.
- 1:02:42It could be low hanging fruit right here
- 1:02:43for if you wanted to just scalp us and
- 1:02:45take these lows right now, but I
- 1:02:46wouldn't do it
- 1:02:49just cuz I'm up.
- 1:02:55We're probably going to snap past it for
- 1:02:57a second though with like a large uh red
- 1:02:59bubble right here.
- 1:03:12>> Wasn't that big.
- 1:03:14Smaller.
- 1:03:21Well,
- 1:03:23are we going to just start melting now?
- 1:03:32>> Well, I was wrong today.
- 1:04:05Make
- 1:04:59Let's
- 1:05:16see what it does.
- 1:05:24ATR is 50 points right now.
- 1:05:44That's an crazy move though this
- 1:05:46morning.
- 1:05:53200 points up to come 300 points down.
- 1:06:19But I'm going to sit here and wait for a
- 1:06:20second.
- 1:06:26Maybe we might be able to squeeze
- 1:06:28something out of here.
- 1:07:54Damn, this thing is just dumping.
- 1:08:47Where? How far would we potentially
- 1:08:50actually go?
- 1:09:02All right, let's see how this five
- 1:09:04minutes is going to
- 1:09:12uh I mean the most important thing is
- 1:09:15context.
- 1:09:18I mean absorption is just like
- 1:09:22just because you see absorption doesn't
- 1:09:24mean you should just like take a trade.
- 1:09:32Sorry, I'm watching this right now.
- 1:09:39I might try and scalp something right
- 1:09:41now.
- 1:09:57All right, I'm going to just enter in
- 1:10:00and chase this down to this uh order
- 1:10:03down here.
- 1:10:07See if we could just hop aboard this
- 1:10:09train basically.
- 1:10:15I'm going to break even though. And then
- 1:10:17I'm just going to see if this thing
- 1:10:18wants to melt, bro.
- 1:10:22Actually, you know what? I'm going to
- 1:10:23take
- 1:10:25I'm out of that. I'm gonna take that
- 1:10:27scout.
- 1:10:29I'll take that all day. Some low hanging
- 1:10:31fruit.
- 1:10:35It's probably going to just
- 1:10:40dump.
- 1:10:42It's probably just melting right now.
- 1:10:45Dude, imagine if you caught something up
- 1:10:47here. You could have just held it.
- 1:10:53All right. Well, now we're up like
- 1:10:56$690 on four accounts
- 1:11:01or $700 on four accounts. I don't know.
- 1:11:04Let's look at it.
- 1:11:06Yeah, like $650.
- 1:11:10650.
- 1:11:13All right. Well, that's chill. We could
- 1:11:16We were able to just like follow some of
- 1:11:18that momentum and pressure. And the
- 1:11:21reason why I did that is because we had
- 1:11:22a large seller come in
- 1:11:25when this candle opened up. There was no
- 1:11:27attempt to push higher and we had some
- 1:11:30resting orders down here that I thought
- 1:11:32we'd probably target. So I just try to
- 1:11:35follow the try to ride the wave
- 1:11:37basically.
- 1:11:42I mean I was like because these candles
- 1:11:45are so large like you could honestly
- 1:11:47just scalp like 25 30 points out of it
- 1:11:51pretty easily.
- 1:11:58My data is my data is delayed right now.
- 1:12:00It's lagging.
- 1:12:15Yeah, we're building this one up. We got
- 1:12:18to give it some room for that full port
- 1:12:20on Friday.
- 1:12:53Sorry, Frankie. I was uh distracted
- 1:12:54while that was going on. But um
- 1:12:59if you have a good setup,
- 1:13:02I wouldn't I mean, if you say you're
- 1:13:04only using absorption for entry, I mean,
- 1:13:07there's important things to watch, I
- 1:13:10guess.
- 1:13:11like
- 1:13:14absorb like let me give you an example
- 1:13:15like let's just say theoretically okay
- 1:13:19that sellers are coming into here this
- 1:13:21is a area of interest that we're
- 1:13:22watching and sellers are getting
- 1:13:24absorbed okay like buy there's buyers
- 1:13:26here that are absorbing this volume is
- 1:13:28high we're trying to push lower like
- 1:13:29this and we're stalling and nothing is
- 1:13:32happening well just because you see
- 1:13:33absorption happening right here are we
- 1:13:36going to are we going to just like enter
- 1:13:39into a trade
- 1:13:41just because there we notice that there
- 1:13:42is absorption happening. Well,
- 1:13:46no, we need to see what's going to
- 1:13:49happen because there can be absorption
- 1:13:50and that absorption can basically fail
- 1:13:53and then we continue.
- 1:13:57So,
- 1:13:58it's great that we can identify
- 1:14:00absorption, but what's going to happen
- 1:14:01after like what what is the going to be
- 1:14:03the result of that attempt at absorption
- 1:14:06if that makes sense.
- 1:14:10So, I wouldn't just like
- 1:14:13>> I don't know. Does that make sense to
- 1:14:14you? Like I don't know if if that makes
- 1:14:17sense the way I explained it, but
- 1:14:20um
- 1:14:23and then also context is like a huge
- 1:14:25thing. Like if we're if we're going to
- 1:14:27go higher, okay, if if the bias is or if
- 1:14:29the bias is going lower, then are we
- 1:14:32really going to care about absorption to
- 1:14:33the downside? Well,
- 1:14:37>> not as much because that's we think the
- 1:14:39draw is lower if that's the case, right?
- 1:14:41So, why would we do that?
- 1:14:44Now, if we see if we think the draw is
- 1:14:46lower and we see buyers getting absorbed
- 1:14:48every time they try and push higher,
- 1:14:50then that is confluence for us to then
- 1:14:52potentially try and continue the the
- 1:14:55momentum lower.
- 1:15:01What up, trends?
- 1:15:05But yeah, I don't know. When it comes to
- 1:15:06me taking a trade, most of the time,
- 1:15:08like since I'm only taking like one or
- 1:15:10two trades in the morning, uh the most
- 1:15:13important thing that I watch for really
- 1:15:15is just like I have a plan. I have
- 1:15:17areas, I have locations, and I have a
- 1:15:19draw and I have an invalidation point.
- 1:15:21And then I just wait. I see what's
- 1:15:24happening on the auction,
- 1:15:27>> who's in control, whether that changes
- 1:15:30hands or not in that area of interest,
- 1:15:32and then try and trade it. And then
- 1:15:37[clears throat] that's basically it. And
- 1:15:39then sometimes I'll take like lowhanging
- 1:15:41fruit like like I'll take negative
- 1:15:44riskreward trades sometimes. was like, I
- 1:15:45don't care. If I if I see something and
- 1:15:48I think I could sm I could like snag a
- 1:15:50quick like 25 points out of it or 20
- 1:15:53points, I'll take it.
- 1:15:55I just better be right.
- 1:16:00So, yeah.
- 1:16:07Well, honestly though, at this point,
- 1:16:10I'm done, dude. Like, I'm up 700. I'm up
- 1:16:14650 across four accounts. We're just
- 1:16:17falling at this point. We're going to
- 1:16:19end up coming somewhere where we're
- 1:16:21probably going to find balance. So,
- 1:16:23we've been in a state of imbalance
- 1:16:25basically all morning. So, eventually
- 1:16:28this is going to stop somewhere. I don't
- 1:16:31know where. We may continue down all the
- 1:16:34way lower,
- 1:16:36but
- 1:16:38it doesn't make sense for me to trade it
- 1:16:39anymore.
- 1:16:43So, we took a pre-market long. We took
- 1:16:46another pre-market long. It didn't work
- 1:16:48out. And then we waited. And then we
- 1:16:49just took some lowhanging fruit down
- 1:16:51here. So,
- 1:16:54we're up $2,620
- 1:16:57on four across four funded accounts. My
- 1:16:59bad.
- 1:17:02And we're going to lock out.
- 1:17:06And we'll be back tomorrow,
- 1:17:09like 15 minutes before market open.
- 1:17:13If you're going to keep trading, good
- 1:17:14luck. Try not to lose your ass.
- 1:17:18And I'll see you tomorrow.
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