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Trading Fundeds - PnL: +$848 | 🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 7,289 words · 1,178 segments · language en · Watch on YouTube

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0:03You are
0:14up.
0:30You happy?
1:00It's you are
1:06you
1:48All right. What's up?
1:52Good morning, everybody. It's Friday.
1:56Let's try not lose all of our money
1:58today.
2:08So, basically what I'm looking at this
2:10morning is I do want to see this come
2:11lower.
2:13Um, I know that we had a big pump up
2:16and
2:18yesterday I mentioned that we were
2:19watching a level between I forgot where
2:22it was like 420 and 335 or something. We
2:27were looking we were looking for price
2:29to bounce out of this area. We kind of
2:31overshot it a little bit,
2:34but we ultimately left these lows.
2:38Um,
2:39now there is a chance that
2:42we can on the last day here just come
2:45back into the range for the week, but I
2:48would like to see us drop lower. And if
2:50we do start dropping lower, um the first
2:52area I'm going to be watching is just
2:55right around the middle of um
2:59right right around the middle of I
3:02actually might take a short right now.
3:03Hold on.
3:10All right. I'm actually going to take a
3:11short right now with pretty light size.
3:16I would like to see us come down
3:18basically to um
3:22I'll show you in a second the middle of
3:25London. But if we continue to push lower
3:27then [ __ ] I might just hold it all the
3:29way. But if we get stopped out, I'm
3:31going to have a pretty tight stop on
3:32this.
3:34It's just going to be like right above
3:35this candle
3:38and I'm going to look for us to continue
3:39down. Um, and [clears throat]
3:42essentially after we made a lower high
3:45here,
3:46I like to see us at least make a lower
3:48low.
3:51So, we're going to hold.
3:54I have a feeling, by the way, today's
3:56ATR is going to be massive. So,
4:02I'm going to I'm trying to get in before
4:05market opens because we may just
4:10it may be like way too large for me to
4:14or moving way too quickly for me to try
4:15and enter a trade. So, I'm going to risk
4:17like $200 right now
4:20pre-market to see if we can catch the
4:24beginning of the move to the downside.
4:25No.
4:28If we don't actually move down and we
4:31just start popping up,
4:34then I'll get stopped out. But we're
4:36that's fine. We're going to wait and
4:38then I'm going to see what basically
4:40happens in this area.
4:42And if um
4:46there's a there's two scenarios. If we
4:48start to pop up, we can either take
4:50these highs, come into here, and then
4:52start dropping lower.
4:54Or if we come up here above this area
4:58and we hold it, then I'm looking for us
5:01to continue higher.
5:03Oh, sorry, you can't see it on the
5:04stream.
5:06If we take these highs and come up here,
5:09we may come down, but if we pop up and
5:12we stay above this area, then I'm
5:14looking for us to then take out
5:15yesterday's Asia highs.
5:20So, we're going to try and enter
5:21pre-market
5:23um to go short here.
5:26This area has been we've been struggling
5:29with sellers to get past this area right
5:31here where you see all these wicks.
5:40So, I mean, there is a chance that we
5:42take those highs out, like I said, and
5:44then we actually draw, but I'd like to
5:46take a stab at it right now, just in
5:50case we have one of those days where
5:55before market opens, we go down, we take
5:58this low, and then market opens and we
5:59just rip lower.
6:02>> But if we get stopped out,
6:05it'll [clears throat] be okay.
6:07because the risk-to-reward on this is
6:09going to be pretty large. So,
6:12and I'm okay with losing 200. I'm copy
6:15trading three funded accounts right now.
6:21I'm just trying to take advantage of
6:23lower ATR before it gets massive. But
6:27again, pre-market is a little bit more
6:31sketchy, I guess, to trade.
6:34especially
6:37when we're kind of just moving back and
6:39forth like this. But
6:45if we get stopped out, we'll just wait
6:46until market open.
6:57>> You said longs on NQ right now. Yeah, I
7:00mean it could go up. We could go up,
7:03like I said, and take out these highs.
7:06Take out these highs and then make our
7:08move down.
7:19>> And also, since I have such a tight
7:21stop, if we actually stay in here and we
7:23don't make any room dropping lower, then
7:26uh market open can just wick me out and
7:28then come down.
7:33Oh, he got caught in the chop right
7:35here. Yeah, sometimes pre-market New
7:36York is just kind of nasty to trade.
7:41Um, and usually I don't trade pre-market
7:44either. The only reason why I'm doing it
7:47right now is just because I'm
7:49anticipating a really large ATR today or
7:52like for five minute candles to be like
7:5560 points again
7:58and it makes it difficult um
8:01for me to get into a position.
8:04So even right now we're using smaller
8:06size than normal because even pre-market
8:09like we got to think about like this
8:10pre-market right now we're 30 points ATR
8:14on a fivem minute candle.
8:18That's massive. That's massive for
8:20pre-market.
8:24So I'm risking I don't know like 30
8:26points right now [clears throat] and
8:28it's pre-market.
8:31So, I'm willing to take that chance
8:33because later when the market opens,
8:36well, I might I might have to drop size
8:38and we may have to actually risk like 50
8:40points depending on how large the
8:41candles are.
8:46But I just need us to basically get
8:47below this area and we should be okay.
8:49But if we can't do it, it's whatever.
9:23But the good thing about having a large
9:25ATR at New York open is um
9:30makes it pretty easy to to scalp like 25
9:3340 points.
9:59This is a pretty nasty chop right here.
10:02Right here.
10:28What I'm hoping actually happens is when
10:30we get that the fivem minute candle
10:32right before market open that it takes
10:34us lower and gives us a little bit of
10:37room
10:41because usually like the fivem minute
10:43candle right before market open we have
10:44that little injection of volatility
10:46where it'll just like snap it in a
10:48action
10:53because the goal is is to get as far
10:55away from my stop loss as possible by
10:58the time that the market actually opens.
11:37But
11:39if we get below this area right here,
11:43I think we'll probably be chill. If we
11:45can get below this area um before market
11:49opens,
11:54I think we might be fine.
11:57But you never know.
12:10Otherwise, we're just going to mess
12:11around right here. New York open might
12:13open up. We might snap up higher and
12:16then make our move down or we may not
12:18move down at all today. But I am
12:20expecting us to at least retrace some of
12:22London's move.
12:26Like first area I'd be watching is just
12:29right after these lows heading into this
12:32imbalance here.
12:46But again, due to it being pre-market,
12:48we're only going three micros
12:52because anything can happen.
12:59And being down
13:01200 is super chill.
13:18Hold on. I got to
13:37So, we got 20 seconds until this uh next
13:405mm minute candle opens. I would like to
13:41see it push lower.
13:56And the daily the average daily range
13:59recently is [ __ ] huge. So
14:04having um
14:08100 point moves is like they're all over
14:11the place.
14:14So, at least we had this candle step in
14:16with some sellers. I'm looking for it to
14:18actually get below here and stay below
14:20here before market open.
14:24If we can start making our way a little
14:26bit further down, I'm actually going to
14:28tighten
14:31my stop loss a little bit.
14:42And then if we end up taking these lows,
14:46at that point I'm immediately moving my
14:48stop loss to break even
14:50because I don't want it to
14:54>> basically take these lows and then snap
14:55back up.
14:57>> [clears throat]
15:05>> two separate systems. The sounds are
15:07blended together.
15:23But just a side note, if you're taking
15:25this trade with me
15:28and you and you went in with pretty
15:31heavy size,
15:34you have like a couple minutes to take
15:36size off because
15:40there's a reason why I only went three
15:42micros on this trade.
15:44And if you just entered in this trade
15:46with like
15:48a mini or something,
15:51just be prepared for market open to
15:53potentially wreck us.
16:11And I think we have Michigan Sentiment
16:13today at um let me see.
16:19Yeah, 10:00 a.m. Eastern.
16:26If we do just melt off the open, then
16:28you know what? Today's going to be a
16:29really quick day.
16:31I'll probably just stop trading.
16:37Take my win. And like if we just dump
16:38like a 100 points off the open and
16:42take these lows, take these lows. Like
16:43look at that. Hold on. At this point,
16:45I'm moving my stop to
16:49ah
16:52I'm going to move my stop just right
16:53above this candle.
17:11I'm going to see the closer that we get
17:13to market open, I'm going to see where
17:15we actually are and what this fivem
17:17minute candle is looking like.
17:20And um
17:24I'm going to determine whether or not
17:25I'm actually going to move my stop to
17:27break even or not.
17:32And I'm just going to make that decision
17:34like right before market actually opens
17:36because we just uh this move went so
17:38far, you know, like 35 points into
17:41profit. The only thing that I'm worried
17:43about is that we are going to move lower
17:46off the open. Like I don't want us to
17:48basic I don't want me to put my stop
17:49loss right here and then mark it open.
17:53Snaps up and then drops and then hits me
17:55out at break even. But you know what?
17:58It might do that. So,
18:05like that. That's [ __ ] disgusting.
18:13You know what?
18:15I'm actually just going to leave my stop
18:16right above this candle.
18:19And if we take a $50 L,
18:24it's all right.
19:00So, let's see. Market open.
19:04Are we going to melt or are we going to
19:05snap up?
19:17All right. This point, it's pretty safe
19:18to move our stop to break even. The
19:21moment that we take uh these lows here,
19:24what I'm going to do is I'm going to
19:26trail my stop so that I at least lock in
19:28$150 day or $200 day. And then I'm just
19:31going to let this ride. Um,
19:35but if we do move lower, if there is
19:38going to be a bounce and we don't just
19:40continue all the way down, I would
19:42expect us to come over here.
19:48But let's see if we get taken out right
19:50now or not.
20:29Sellers are struggling to push past this
20:30area.
20:36Take the lows. It's struggling. It was
20:38struggling to take the lows.
21:05I just need us to take these lows. So, I
21:08could lock in some type of profit.
21:12All right, there we go. Trailed the stop
21:14now. So, if it snaps back up at this
21:16point, I'll be up 200 on the day across
21:21three funded accounts, which is chill.
21:23What I want to see is
21:28if buyers don't Never mind. We're about
21:32to get taken out right now. But what I
21:34wanted to see though
21:38was if buyers didn't step in right here,
21:42there is a chance that we could have
21:43just like melted.
21:47But I did understand that after taking
21:49these lows, we could have bounced up
21:50higher. So, we'll see if that happens
21:53right now. But at least we got the
21:56opportunity to lock in some profits.
22:01Good thing we got out. So, sheesh. Look
22:03at that pump, dude. That's disgusting.
22:06All right, so the ATR right now is
22:09probably going to grow in a second to be
22:12like 60 points. Like, look how large
22:14this candle is really quickly.
22:18156.5
22:19minute candle.
22:26So,
22:28seller just got wrecked right here.
22:30Thank god we were able to trail our
22:32stop.
22:37So now what I'm watching is as
22:40[clears throat] we come up into this
22:41area, I want to see what price does.
22:45But technically, you know, locked in a
22:48winning day on this account. Locked in a
22:50winning day on this account
22:53and my other funded account which is on
22:55funded futures.
22:57Fun of Futures Network
23:00>> or FFN.
23:09>> How far did I go?
23:13Where was I? I got in like somewhere
23:14like right here.
23:20Man, that snap back happened so quickly.
23:23That was crazy.
23:40right after it took the lows too.
23:55No. No. Door handle guy makes $670.
23:57Yeah. Hell yeah.
24:25What I think I'm going to do just so
24:27that I can secure this this account is I
24:31need to
24:33I'm actually going to stop trading this
24:35account and we're going to move over to
24:36the other accounts as the leader
24:41and I'm going to lock out of this one
24:45with our $200 day and then we'll just
24:47trade this one
24:51because I got to continue to milk that
24:53account.
24:57We just got money sitting in there that
24:59we can just take. So, what's the point?
25:15Yeah, thanks for telling me that, Zel.
25:17You reminded me I was about to probably
25:19keep trading that account,
25:24but it's like, dude, it's a $16,000
25:26balance. Like, why are we going to
25:27continue to make money on it right now?
25:31Might as well focus on the new one.
25:41So, we'll focus on newer account. We'll
25:43see if we can get larger than a $200
25:45day. If I end up going red on the day
25:46for this account, I mean, it is what it
25:48is, but
25:50the only one I care about really is uh
25:53this one at this point.
25:56This one only has a five or $600 balance
25:58on it, so we got to build that up.
26:03All
26:19right, I'm going to go long right here.
26:22And the moment that it takes these highs
26:24of this candle, I will uh move it to
26:27break even. But we're going to put our
26:29stop loss at the bottom right here.
26:33and I'm looking for it to push up into
26:34the area where I'm going to be expecting
26:38a um potential rejection. The only issue
26:41with this tra trade though is we already
26:43took these highs which is kind of
26:45sketchy but
26:47I mean I'm just going to I'm just going
26:49to take it. I think we continue higher a
26:53little bit at least enough to the point
26:55where I could move my stop to break even
26:56and just see what it does.
27:04All right. So, we took the highs of that
27:06candle, moving my stop to break even.
27:08We're going to see it pump up into this
27:09area. We have buyers stepping in, and we
27:12have heat levels here.
27:16I might get out of this. Um,
27:24I'm going to get out of it right there
27:25because
27:28I'm watching this area right now to
27:31[clears throat] basically see
27:35whether or not we're actually going to
27:36continue or not.
27:42But that was like a really quick um when
27:45the ATR is like that, it was a really
27:47quick I don't know what was that almost
27:4950 points that we could have just taken.
27:52But I'm using small size today. I'm only
27:54using like three micros so
27:58because the stops are [ __ ] huge.
28:09So we'll see what what it does.
28:13Now we wait. At this point, I mean, I'm
28:15good on the day technically, but we'll
28:18see. As long as price is moving nicely,
28:20we'll see if there's more opportunities.
28:23We took the shorts pre-market. Buyers
28:25came in and absolutely demolished all of
28:28the sellers. We pushed higher. We did a
28:30little bit of messing around right here.
28:34We were definitely going to come up and
28:35at least take this uh fivem minute high.
28:37So,
28:42Now, this is where we watch this area.
28:46I'll leave this here.
28:49We want to see if price is going to come
28:50into here and then snap back down
28:54or if we're going to come up here and
28:56stay above here. Then at that point, we
28:59can look for a continuation trade to
29:00then target um
29:04yesterday's Asia highs. Because even if
29:07we do get up here and you're like, "Oh,
29:10you know, we already moved 1,000 ticks."
29:14Well, the way that the market's been
29:16moving recently, if we continue up here,
29:18then we can
29:21probably continue. And then there's
29:23still a lot of room left. Like, it
29:25doesn't look like there's a lot of room,
29:26but this is still like,
29:29bro, it's like over 150 points.
29:34But right here is like a wait and watch
29:37type of area for me.
29:45So, let me look at this real quick.
29:50Dude, I'm on a nasty win streak on this
29:52thing. Look at this.
29:55Oh, you guys can't see it. Hold on.
29:58[snorts]
29:59Look at that thing. That's crazy.
30:02One, two, three, four, five, six, seven,
30:05eight, nine, 10, 11, 12, 13, 14, 15, 16,
30:0917, 18, 19, 20, 21.
30:1621 day win streak.
30:22That's crazy. I think that's the longest
30:24I've ever held on to a funded account
30:25before. And that is definitely my
30:27longest win streak.
30:33No, I don't want them to move me to
30:34live.
30:38>> Yeah, this is a test right here.
30:49So, I think uh for for this this account
30:52that that was the um let me see
30:58the third winning day.
31:01So, if we could just lock in like two
31:04more winning days,
31:06make it a 23-day winning streak.
31:11Sheesh. It'll be 20 grand in payouts in
31:1320 days.
31:16What a way to start the year, huh?
31:21So, the goal is just to not mess that
31:22one up.
31:27Took the shorts based off of absorption.
31:29Is that what?
31:33So,
31:36the reason why I took the shorts
31:39pre-market
31:41is because
31:43whenever we whenever we have um
31:47Asia like this, here's Asia highs,
31:49here's Asia lows, here's Asia or here's
31:51London lows, here's London highs, we
31:53take London highs pre-market
31:57and then we make a lower low and then
32:00when we do make that lower low,
32:03I see like buyers trying to I mean sort
32:07of absorption but it's more of a market
32:08structure type of trade. Um I want to
32:12see us drop into this area to rebalance
32:14some of London's move.
32:18So every morning like
32:22I guess the reason why I took that trade
32:24is not necessarily because of
32:26absorption. It's just like I was using
32:28sessions and market structure to try and
32:30frame a a short position lower. Um,
32:36and then I was just using footprint as
32:38like where I should enter. And then
32:40after I saw we pushed up right here and
32:43we failed, then at that point I just
32:45entered short somewhere over here.
32:51>> Um,
32:53yes, this is Trading View right here.
33:03How large is the ATR now? 50 points
33:09>> on a five minute.
33:12So again, we're watching this area.
33:17We're going to see if we start snapping
33:19down or if we're going to continue up.
33:24We're up like 4 or 500 on two of the
33:27accounts and then 200 on this account.
33:29So, we're up like 1,100 today.
33:34And it's a Friday.
33:37You know what's the worst thing you can
33:38do on a Friday?
33:41be $1,100 in profit on three funded
33:43accounts and then from three funded
33:46accounts and then lose it all and then
33:50have to think about your mistakes all
33:52weekend.
33:54So, we're going to try and not do that.
34:09But the buying pressure is remaining
34:11pretty strong here.
34:36So crazy
34:38how large
34:40these moves have been like this year,
34:43dude.
34:45I love it. It's such a great opportunity
34:48for us as traders to make like a bunch
34:51of money.
35:00I remember back in like 2023
35:05when like 25 points was like a it was
35:09like a pretty good move.
35:13Now one minute candles are 25 points.
35:20It's crazy.
35:24But it's awesome.
35:31And it's dangerous. But it's awesome.
35:45Toro, would you did you pass your
35:48account or are you on a funded account?
35:56Up four up 1400 on the funded. Let's go.
36:09That's a good idea.
36:17I do think even though we might not do
36:19it.
36:23Hold on.
36:25I do think we're going to take this low
36:27eventually.
36:31It would be pretty nasty if we didn't
36:33take it. And like heading into next
36:35week, we just like
36:37do a bunch of this. We've been in this
36:39area for such a long time and we like
36:41poked our head out of it for a second
36:44and just grabbed all these highs and
36:45then just ran.
36:48So, I'd be expecting us to poke our head
36:50out here, poke our head out here, and
36:51then
36:54we'll see what happens.
37:02But yeah, this range is crazy. Look how
37:05big it is.
37:121,800 points, dude. 7,200
37:177,500 basically like ticks.
37:22And then and then inside of that, we're
37:24just having like massive thousand tick
37:26moves all over the place.
37:31What a time to be alive. What a time to
37:33be a trader.
37:44Nice 6 MNQ.
37:48Yeah, trading minis in this condition in
37:50these conditions if you don't have a
37:52buffer is
37:54sketchy, but you can make a lot of money
37:56or you can just blow your account pretty
37:57quickly,
37:59bro. Yeah, crypto's been dumping. I got
38:01wrecked. I'm getting wrecked.
38:05I am getting wrecked on my XRP, bro.
38:09Well, not really.
38:13But it's sad.
38:17It's sad. I I
38:21have all of my XRP
38:24down here. [music] This is where I
38:26bought all of my XRP. All of it. And I
38:29haven't boughten a single uh
38:33single XRP since then. And I'm not going
38:35to buy anymore. I'm just gonna let it do
38:38its thing.
38:40But yeah, it's pretty sad to see.
38:42It's it's down like it was down
38:44yesterday like 70% from the highs.
38:48Nasty. Look at these sellers coming in.
38:50So again, we're still watching this area
38:52to see if we're actually going to get
38:54above it or if we're going to start
38:55snapping back lower.
38:59buy more. Well, dude, I bought XRP in
39:01like 2020.
39:04>> 2019, 2020.
39:08>> I haven't bought any of it since it's
39:10been like almost six years now.
39:20>> I'm going just let it do its thing. I'm
39:21going to act like it's been five years,
39:23dude. I just leave it alone.
39:25Either
39:27I'll make a bag or I'll just lose
39:29everything. And
39:31it is what it is. Wise man once said,
39:34"It is what it is." It's not what it's
39:37not.
39:41Have I beaten the S&P 500? What? With my
39:45with my XRP? Um
39:48with my XRP? Well, when it was up at
39:52like $3.60, 60 cents. I was at a 10x in
39:56five years.
39:58Uh I would assume that beats the
40:01I would assume that beats the S&P 500. I
40:04don't know about I don't know so much
40:05anymore.
40:09The the yellow box indicating on the
40:12ATAS chart. This one
40:16you're talking about this one shark.
40:20Are you talking about this one?
40:22Can't see it.
40:25>> Which yellow box?
40:27This one.
40:44>> Are you talking about this this yellow
40:46box? This thing I circled
40:52rectangle.
40:56Are you talking about these
40:59uh heat levels?
41:04Sorry, bro. Or are you talking about the
41:07PC? I think you're probably talking
41:09about the PC, huh? If you are, well,
41:11this is PC. This is the point of
41:13control.
41:15Got it. Yeah. Yeah. This is the point of
41:16control of a candle. This is where the
41:18most volume was traded within the uh
41:20previous fivem minutee candle.
41:26>> And the way that you do that Yeah. Yeah.
41:29Right here.
41:31The way that you do that is you just go
41:33to cluster settings and you change this
41:35to volume profile and then volume
41:37proportion and then it'll show it.
41:41So, we're uh getting above this area. I
41:43want to see if we're going to close up
41:45here um at the 4 hour. Like if the 1
41:49hour and 4 hour close up here and then
41:50we actually hold this area and we don't
41:53get back below here, then I'll be
41:56looking for us basically to continue
41:57higher to take out these highs.
42:02Uh do I use CVD when trading? Not
42:04really. I use the the
42:08delta. I watch the delta of each
42:11individual fiveminute candle though
42:13right here.
42:15So I'm looking at volume and I'm looking
42:17at delta
42:19but I don't look at uh cumulative
42:23delta
42:26or CVD. I don't look at CVD
42:29although it's great tool.
42:32There's a lot of things that are great
42:34tools that I don't use. I just try and
42:36keep it keep it simple.
42:44There's a million things that you can
42:45put on your chart
42:48and sometimes you don't want to look at
42:50a bunch of stuff. You'll just start
42:57Yeah, it's funny you mentioned that. I
42:58am color blind. That's why none of my
43:00candlesticks are green and nothing on
43:01here is green.
43:05[snorts]
43:06That's why everything is blue and white
43:08and blue.
43:10[laughter]
43:11Makes it easy for me to see. I hate
43:13using green and red candles.
43:16I'm color blind for that.
43:25I don't use green for anything.
43:33So, this is a pretty nasty wick that's
43:35about to close here on this fiveminute
43:36candle. We're going to see if large
43:39sellers start stepping in again.
43:56And also keep in mind we do have
43:58Michigan sentiment at um
44:02six five minutes from now. So
44:08I can't I can't enter a trade because
44:11the other funded account that's getting
44:13uh copy traded right now has a no news
44:16rule. So,
44:18actually, I think it should be fine, but
44:19I just don't even want to risk it. I
44:21think it's only talking about like CPI,
44:22and
44:25what's the point? What's the point of
44:26risking it?
44:30This is a pretty nasty uh turnaround,
44:32though,
44:34in the area that we were watching. So,
44:38we're going to see whether or not we
44:39actually continue. If we continue down
44:41and this selling pressure sustains, then
44:44well, we're just going to target this
44:46low again and see how far deep into this
44:49we actually dig.
45:05But Michigan sentiment, by the way, does
45:08does move
45:10It does cause some volatility. So,
45:28that's also why, by the way, when I
45:29entered in long right here, why I got
45:31out so quickly is because
45:33I didn't know what was going to happen
45:36here.
45:39I mean, it it actually went pretty high
45:41up. Even the wick alone is like 50
45:43points, which is wild.
46:23But right now, it's better to wait for
46:25this to come out before making a trade.
46:30It might whiplash around like 50 points
46:33at a time.
47:01Wait, what the heck happened to my
47:04charts?
47:06Is this happening on any of your guys'
47:08charts? Is there a gap right here?
47:11Hold on.
47:23Dude, that's weird. Look at this.
47:28It's just
47:31It's just gone.
47:35The [ __ ]
47:40Weird.
47:45That's a 15minute chart. The one that
47:47has like a gap right there.
48:02simultaneously on two separate systems.
48:05The sounds are
48:07achievement.
48:41All right, let's see what this does
48:42right here. We got like 15 seconds for
48:46Michigan Sentiment.
49:39How big was that?
49:44100 ticks.
50:25So, right here is important to watch for
50:28though. I'm watching this area because
50:31this is a
50:34it's like a really large uh low volume
50:37node.
50:47Because when we did trade through here,
50:49we just ripped.
50:51We just ripped right through it.
50:58Yeah, that's what I was looking at. The
51:0015 minutes all messed up. Um,
51:09it's like missing like the entire even
51:11my hourly chart, dude. It's missing.
51:13What's the last day here? The second.
51:16It's going from Monday all the way till
51:19Thursday. Just gone.
51:26Yeah.
51:31It's weird, but whatever. We don't even
51:34need to look over there right now. It's
51:35fine.
51:40Yeah, I see the same thing on my chart.
51:45If we start getting below uh this low
51:47volume node, [clears throat] then
51:52I may take a continuation short just to
51:54take these lows. But I have to be
51:56careful about this area.
51:59We may come into this PC and potentially
52:01bounce. So,
52:05we'll wait to see what happens.
52:10But at this point, I'm already up on the
52:11day, so I'm not really like stressing
52:15about trying to force a trade.
52:21We went three micros on both trades. And
52:23both trades, we caught like, I don't
52:25know, 50 points or something. They're
52:28like 3 35 points or something.
53:15Dude, check this out though.
53:19My indicator
53:22cooking
53:24right into the max.
53:27Turn around.
53:31I'm going to make a video on that and
53:33I'm going to give it to you guys for
53:34free.
53:36I'm using it for a while. Shit's shit's
53:38lit.
53:46I'm proud of that one.
54:00[laughter] I'll get I'll give it to you
54:02guys.
54:07Took me a long time to forward test that
54:09one though because it's based off of
54:10data
54:11and has a rolling calculation.
54:16So again, I know I removed this box, but
54:18we're watching this low volume node
54:20right here. If we start slamming through
54:22this, then I would expect us to go
54:24lower, but we could always just This is
54:26just a area of interest for me,
54:31otherwise known as a fair value gap.
54:38We just ran through this area the first
54:40time uncontested by sellers.
55:05If we flip right now, I'm going to go
55:07short.
55:18may be a bad idea, but we're in profit,
55:20so whatever. I'm going to risk like $200
55:23just so that I don't mess up a good day.
55:28I just want to see us get below this
55:30right here.
55:34If we can't get below that area, which
55:36was holding premarket, then we're just
55:37going to snap back up.
55:46One more push lower. I'm going to just
55:47move it to break even.
55:53>> Break even.
55:55We're going to hold it.
55:58>> We're going to see how far this wants to
55:59go down.
56:01>> Absorption is happening right now,
56:03right?
56:05Um,
56:09well,
56:11when we came up here, yeah, I mean, the
56:13buyers looked like they were coming in.
56:14There was a strong imbalance. There was
56:17actually stacked imbalances of buyers
56:18coming up into this area. But whenever
56:20there's large trades like this, I'm
56:23always watching these areas to see how
56:25price is going to react. And so when we
56:27came up here and buyers failed to
56:29basically push higher and take it back
56:31up here and sellers started flipping the
56:34candle with a large wick, well, we're
56:36just going to follow that pressure.
56:38Follow that pressure lower. The only
56:40thing is that now I'm watching right
56:42here, this PC,
56:45because there is a chance that we just
56:48like
56:49we could range. We could just establish
56:51a range now. we establish the low and
56:53the high
56:55and we just like mess around. But um
57:02that's why I moved myself to break even
57:04because if it's going to run, I need it
57:05to just run. But
57:12it's all right.
57:25And because I was anticipating us to get
57:26below this uh low volume node in these
57:29where the buyers just ran through this
57:30area
57:38and the target would be down here. I
57:40don't even know how big that is.
57:45It's like 75 points.
57:57Gotcha.
58:04Yeah. Yeah. I mean, when you're trying
58:05to visualize absorption,
58:08what you're looking at is um
58:11you're basically looking at a lot of
58:14volume,
58:17but
58:20no follow through. Like, so there's a
58:24difference between exhaustion and
58:25absorption, right? Exhaustion is
58:28essentially where like, let's say we're
58:31making a move higher, okay?
58:34If sellers just kind of lose or buyer,
58:38let's say we're making a move higher and
58:40buyers just kind of lose steam and then
58:42we just like kind of roll over.
58:46Um, that's exhaustion because the buyers
58:49are getting exhausted. They're not as
58:52willing to buy at higher and higher in
58:54prices and they slowly just kind of die
58:55out. absorption is like if we were up
58:58here and the volume is massive. It's
59:02increasing. Volume is increasing and
59:05there's buyers coming in, you see
59:06stacked or clustered imbalances and they
59:08just keep hitting hitting hitting and
59:10they can't really like make any progress
59:12or there's no follow through. Well, then
59:14chances are there's sellers or a seller
59:19absorbing all of that buying pressure.
59:22And then once if they can't get through
59:25it,
59:26then what happens is now everyone all of
59:28those people who are aggressively buying
59:30in this area, if that were to be the
59:31case, I'm not saying that that's what
59:33happened right here, but if that were to
59:34be the case, well, now they're all kind
59:36of on the wrong side. So then when we
59:38start coming down and they get out of
59:40their position, well,
59:44basically just fuels
59:47fuels the downside move and then it
59:48picks up speed.
59:50So like right here on this candle at the
59:53top
59:55that was also in this area that we were
59:57watching.
59:59Well, let's take a look at it. Right, we
1:00:01have the PC
1:00:03here. So what does that mean? Well, it
1:00:06means that when this candle pushed up,
1:00:09most volume was traded up here. So it
1:00:13was trying to push, it was stalling a
1:00:14little bit, stalling. It was all the
1:00:16contracts were traded right here.
1:00:19Now
1:00:21if you really wanted to zoom in,
1:00:24you can see on the right side of the ask
1:00:28is these are strongly uh these are
1:00:31market executions of um or just
1:00:34aggressive executions of um
1:00:37buyers and then the left side is
1:00:39sellers. Right? So,
1:00:43we have a lot of buyers, buyers, buyers,
1:00:45but they can't
1:00:47necessarily move past uh this area.
1:00:50Stalled out right here. Oh [ __ ]
1:00:53Stalled out right here. And then we just
1:00:54flip hard down.
1:00:58But
1:01:03when I'm looking at this stuff though, I
1:01:04just I don't know, dude. I just look at
1:01:05it all day every day. So, I just
1:01:11I can just kind of see it. But I'll make
1:01:14some like more videos about it. I
1:01:17actually have, if you really want to
1:01:18know, like I have a video that goes over
1:01:21it a little bit, but in more detail
1:01:24where I'm not like tired at 7 a.m. in
1:01:27the morning
1:01:30on a Friday.
1:01:33But I'm going to make more videos so you
1:01:34can um
1:01:36try and understand it.
1:01:38But we're just the easiest way to like
1:01:42un understand this or explain this,
1:01:44excuse me, is um we're just watching a
1:01:48live auction happen.
1:01:51Buyers, sellers, who's in control? Are
1:01:53there more buyers? Are there more
1:01:54sellers? What's happening when buyers
1:01:56are trying to push? Are they succeeding?
1:01:57Are they failing?
1:02:01Like right here, this is it, right? What
1:02:04what's happening in this candle right
1:02:05here? Well, buyers try to push up. It
1:02:07stalled right here. All of the buyers
1:02:10got uh kind of like screwed over. So,
1:02:14look, I'm I'm going to go short right
1:02:16here. We flip lower. I'm expecting us to
1:02:18take these now. I mean, this isn't like
1:02:20a this is a nasty trade, by the way. But
1:02:25we may lose this trade. But I'm just
1:02:28saying like when I see the pressure like
1:02:30that, I try and just like follow it.
1:02:33Buyers are struggling to push higher.
1:02:35They're struggling to get above this
1:02:37area. So, at the very minimum, I'm
1:02:40expecting it to hopefully make a new
1:02:42low. Now, doesn't mean that it has to
1:02:44because we got to use context. What's
1:02:47been happening in this area all morning?
1:02:49Oh [ __ ] I'm about to lose money on
1:02:51this. Let me get out of this. What's
1:02:53been happening all morning on this?
1:02:56Well, we uh are struggling to get past
1:03:00this area.
1:03:02Damn, I kind of fumbled that. That was
1:03:04[ __ ] I shouldn't be doing that.
1:03:10>> My bad. I tried to take it. [laughter]
1:03:12I got out of the I That wasn't like a
1:03:14planned trade and then I [ __ ] ended
1:03:17up losing on it. [snorts]
1:03:20Anyways, so so then we got to think
1:03:23about context though. So
1:03:27what's happening in this area? Well,
1:03:30we're struggling to get past it. And
1:03:32when we did get past it, we just snap
1:03:33right back up.
1:03:37So if we can't get past this area, well
1:03:41then you know what's going to happen?
1:03:42We're probably just going to like
1:03:48chop around. So sellers need to come in.
1:03:51And when they come in, we're probably
1:03:53going to go through this pretty quickly.
1:04:01and we'll dig deeper.
1:04:07Damn, I lost like a hund I lost like 200
1:04:09bucks on that trade. That was [ __ ]
1:04:11[ __ ] And it's still going to go
1:04:12lower.
1:04:20I'm going to go short.
1:04:23Try and make my money back real quick.
1:04:25Anticipate a break lower. Although, I
1:04:28may catch the low right now and get
1:04:29wrecked.
1:04:41I might have to put a stop.
1:04:46ATR is pretty large.
1:04:55Do we really want to risk 500?
1:04:58Where are we going? down here
1:05:02trying to take the low.
1:05:08The moment we get close to this uh PC
1:05:10like that, I'm moving to break even
1:05:16>> cuz I don't want us to snap back. I want
1:05:18us to just run past this right now and
1:05:19start targeting the low.
1:05:28All right. Well, the problem is though
1:05:30is that since I lost bread on that
1:05:32trade, just trying to explain something
1:05:36and not paying attention. I think I'm
1:05:37going to stop because that was kind of a
1:05:38bad idea.
1:05:40But that's [clears throat] the idea
1:05:41though.
1:05:45The good news is that we're still locked
1:05:47in a winning day.
1:05:54>> We lost 200 bucks.
1:05:58on that last trade, but luckily we're up
1:06:01like 500.
1:06:07>> So, yeah. So, if what are we looking at
1:06:09now? Well,
1:06:11we came right into this PC of this
1:06:13candle
1:06:17and we're snapping back into the range.
1:06:18So, now I'm watching this area. Are
1:06:21buyers actually going to get past this?
1:06:23Are we actually going to come up here
1:06:24and close and then start making our way
1:06:27back up? Or
1:06:30now that we're heading later into the
1:06:31day,
1:06:33are we going to get stuck in this area
1:06:35that we've been getting stuck in
1:06:36pre-market
1:06:38and get and just basically bounce in
1:06:41between this high and this low until
1:06:42like PM session or just sometime later,
1:06:45like right before lunch when we actually
1:06:47make a move. I'm leaning more towards we
1:06:50finally break these lows. Oh, you can't
1:06:52see it. I'm leaning more towards we
1:06:55finally break these lows and we like
1:06:56make another low. But
1:07:02>> I don't know. I don't know what's going
1:07:03to happen. I have to wait and watch. I
1:07:05got to see what it's going to do.
1:07:11Although I I could have taken profit on
1:07:15that scalp right there, but
1:07:19I don't think that would have been a
1:07:20good idea.
1:07:27So yeah, at this point
1:07:30we made our move down. We took these
1:07:32lows. We came sort of into this area.
1:07:37Then we pumped all the way up.
1:07:43I said we were watching this area to see
1:07:45if price was going to get above it or
1:07:47snap below it.
1:07:50We came down again. And when we came
1:07:53back into this area that we struggled to
1:07:54get past that market open, we failed
1:07:58again. We're failing again. So now we're
1:08:01coming back up. And this is a sign to me
1:08:04at this point,
1:08:06it's probably better if we don't trade
1:08:08this anymore.
1:08:10Why? Well,
1:08:15because we're already green on the day.
1:08:18So, what's the point at this point? You
1:08:20know what I'm saying?
1:08:26Damn. Is that Dame in here? That's
1:08:29crazy. What up, Dame?
1:08:32Hey, bro. Uh oh, he just dipped. He
1:08:35trades gold. He's probably He's He's
1:08:38probably devastated about the top step
1:08:40thing.
1:08:43Can't even only trade one contract.
1:08:49It's brutal.
1:08:59So, yeah,
1:09:01technically we were up 1100 now. We're
1:09:04up. So, what I'm seeing right here is
1:09:05this, right? Let me let me clean this up
1:09:08a little bit.
1:09:12So, we came down. We retested this PC.
1:09:14We're popping back up. We're making our
1:09:16way above these sellers,
1:09:21but
1:09:23we got to wait to see how it's going to
1:09:24close. The next area I'm looking at is
1:09:26where? Well,
1:09:31this area.
1:09:32Why? Because this is where we turned
1:09:35around. This is where sellers came in.
1:09:37This is where buyers basically failed to
1:09:40get past. And this is also up here on
1:09:43our chart.
1:09:47So now we're in a position where we're
1:09:49in the middle of a range that we just
1:09:51created at market open and we're in the
1:09:53middle of it.
1:09:55Do we want to trade the middle of a
1:09:57range?
1:09:59No, not really. Why? Because when the
1:10:01ATR is 62 points, well, guess what?
1:10:04Let's say you want to go long. Where are
1:10:06you going to place your stop? At the
1:10:07blow of this candle. Okay. Well, there's
1:10:09100 points.
1:10:12If you're going to go short, where are
1:10:13you going to place your stop?
1:10:16You know what I mean?
1:10:19Now, you can drop down to a lower time
1:10:21frame, but I don't do that.
1:10:39Especially
1:10:56when the ATR is so large, dude. It's
1:10:58like 64 points right now. It's crazy
1:11:03for a fiveminute candle. That's crazy.
1:11:11But yeah, I mean honestly at this point
1:11:13I think I'm done trading. I'm just kind
1:11:14of watching what happens.
1:11:28Although I I messed up uh I messed up
1:11:31this trade and took a unnecessary loss
1:11:33that with that 200 bucks. But
1:11:39that was kind of stupid of me. But the
1:11:41good thing is is that technically our
1:11:43analysis today was pretty good. So I'm
1:11:46happy with that. We went short
1:11:48pre-market. We wanted to see us take out
1:11:51these lows. We did.
1:11:55We wanted to see how far into this we
1:11:57were going to dig into before we
1:11:58actually pop back up or if we were going
1:12:00to melt through it. Well, we just took
1:12:02the lows and then turned around. Then we
1:12:04said we're watching this area.
1:12:07We're going to see if we reject or if
1:12:09we're going to get past it. Well, right
1:12:11here in this area. And I haven't redrawn
1:12:13this circle, by the way. This has been
1:12:14here before price even got up here. So,
1:12:17we were watching this area and then
1:12:22we came down. Now, we're in the middle
1:12:23of the range. Now we had buyers just
1:12:25step in and get wrecked and now we're
1:12:27coming back lower.
1:12:30There is a chance that we just like [ __ ]
1:12:33around.
1:12:34We're already up on the day. It's
1:12:36Friday. $300 on two evals. $200 or not
1:12:41eval funded accounts
1:12:44and then $200 on this account. We're
1:12:47going to try and milk another payout
1:12:49next week on like
1:12:53Tuesday for another $4,500 after the
1:12:58split.
1:13:00And if I could pull that off,
1:13:03it'll be 20K in 20 days, which would be
1:13:05dope technically. Not really, because 45
1:13:08time 5, what is that?
1:13:10Probably like 18,000 or something.
1:13:18or times four. I mean 4500 time 4.
1:13:22>> Yeah. 18,000.
1:13:27So if you are going to continue to
1:13:30trade, just be careful. It's a Friday.
1:13:34If you're green, just like just wait,
1:13:36bro. I'm going to do myself a favor and
1:13:37lock out of all this right now.
1:13:41Just be careful.
1:13:43But I'll catch you guys on Monday.
1:13:49I hope uh hope you guys have a good
1:13:50weekend and try not to lose money uh
1:13:54betting on the Super Bowl. I'm going to
1:13:56try not lose money betting on the Super
1:13:57Bowl. So, we'll see how that goes.
1:14:01But I'll catch you guys on Monday like
1:14:0315 minutes before market open.
1:14:05Peace.

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