Working on Evals |🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript
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- 0:13All right.
- 0:19This is the last week
- 0:22of the year. You got to be careful
- 0:25today.
- 0:27What up, Paul? How's it going?
- 1:06Yeah, we're getting a little bit of a
- 1:08drop this morning, But it's to be
- 1:10expected. So,
- 1:13um, realistically,
- 1:15we never actually filled the, uh,
- 1:20we never actually completely filled the
- 1:21new week opening gap. So, that may be
- 1:24the target this morning.
- 1:26Um,
- 1:28hold on. I just got to do something real
- 1:29quick and then
- 1:39It's all right. Don't worry if you
- 1:40missed it, bro. There's always
- 1:43more opportunities.
- 1:54It's never the end of the world.
- 1:58All right, so check it out. So,
- 2:04last week I didn't really stream. I
- 2:06think I streamed on like Monday and then
- 2:08after that since it was the holidays, I
- 2:10just kind of stopped streaming for um
- 2:13for the week. And then
- 2:16I didn't really trade much,
- 2:19but
- 2:21I did end up trading my alpha account.
- 2:24So, right now it's
- 2:27blocked for a payout. Um,
- 2:31so I think on Friday I ended up
- 2:36what happened on Friday I ended up
- 2:38taking some shorts or something if I
- 2:40remember correctly. Where was it?
- 2:42Somewhere around here. And then I made
- 2:44like 1300 on my alpha account. So I
- 2:46requested a $2,500 payout.
- 2:50So that puts us to about five grand in
- 2:53payouts for this month.
- 2:56Um,
- 2:59so that account is currently processing
- 3:02the payout.
- 3:04I still have these two accounts,
- 3:07but um I think today and this last week
- 3:10I'm actually going to focus on just full
- 3:12porting some evaluation accounts.
- 3:16So
- 3:20last night I went short
- 3:23right around here on NQ during Asia
- 3:26session. So we made the 1500 on this
- 3:28one. We just full ported it.
- 3:32And I think we're going to do the same
- 3:33thing with this one here today. So,
- 3:39what I'm realistically looking for is
- 3:44on the footprint chart. Obviously, you
- 3:46can see we had a a breakout to the
- 3:48downside. It is likely that we
- 3:52pump back up here at the open and then
- 3:54we'll see what happens. Whether or not
- 3:56we're going to turn back around and then
- 3:57head towards that gap or if we're just
- 4:00going to blast past this area and then
- 4:03we may consider
- 4:06uh looking for
- 4:10some longs
- 4:12because overall we're still bullish.
- 4:15We're still bullish.
- 4:17Um, I do want to see us eventually, I
- 4:20mean, I don't I don't think it's going
- 4:21to happen this week, maybe at the
- 4:22beginning of the new year, but I do want
- 4:24to see us
- 4:27get up to like
- 4:30here, like 26,000
- 4:35100 area basically like
- 4:40where this yellow line is 26,00
- 4:43I think we are going to get up to there,
- 4:44but I do think it's likely we
- 4:48basically
- 4:50retrace into this move up first. Oh,
- 4:53here we go. We're getting a move down
- 4:54again.
- 5:03Interesting. Yeah. So, also just so you
- 5:06guys are
- 5:08aware, since it is the end of the year,
- 5:12um you're going to have a lot of money
- 5:14kind of moving around from asset to
- 5:16asset, especially with institutions. But
- 5:19we might actually go and just fill this
- 5:21gap right now
- 5:24before
- 5:27market open. I mean, it's really not
- 5:29that far away.
- 5:33It's like 200 ticks away. We can easily
- 5:35drop before market even opens into that
- 5:38area.
- 5:43But large amount of sellers stepped in
- 5:46right here. So basically
- 5:50that was a new 15minute too. We're just
- 5:53going to have to wait because
- 5:57what I'm really doing today is I'm just
- 5:58gonna probably fullport an Eval. So, I
- 6:02just got to wait for one trade that I
- 6:04think I could make 60 ticks on.
- 6:0860 to 100 ticks, and then I'm just going
- 6:10to go like three or five minis on this
- 6:13evaluation and try and hit profit
- 6:14target.
- 6:18And then
- 6:20hopefully
- 6:24we can make it so we got some more
- 6:26funded accounts heading into uh
- 6:30heading into the new year.
- 6:32Because right now I only have three. So
- 6:41I need to get back to having like
- 6:44six to 10.
- 7:01um
- 7:04gaps getting filled 70% of the time. I
- 7:07mean, I don't know what the percentages.
- 7:09I just what I do know is that anyone who
- 7:13says gaps always get filled.
- 7:16Um
- 7:18don't
- 7:20don't trade with that mindset because
- 7:22you're actually going to get wrecked if
- 7:24you go into the morning and you just
- 7:26keep trying to target the gap fill. I
- 7:28mean, if you think about it, if that's
- 7:31what you thought, like, let's say, cuz
- 7:33I've heard traders say like, uh, oh,
- 7:36gaps always get filled. Gaps always get
- 7:38filled. Okay. Well, let's go take a look
- 7:40at a gap that didn't get filled.
- 7:44You know, what about what about this
- 7:47one, right? What about this one? Those
- 7:50never got filled. Those are from April.
- 7:53That's from May.
- 7:57And like sometimes when we have a gap,
- 7:59it may take like a while for it to get
- 8:02filled if it wants to get filled. We
- 8:03still have a gap right here. I don't
- 8:04even know if this has been filled.
- 8:07It's not been filled. That's from
- 8:09November. And here we are heading into
- 8:13January.
- 8:14Now, this one's a little closer. And
- 8:17also, we have a gap here, right? So,
- 8:19like if this day happened and you're
- 8:21like, "Oh, gaps get filled." And then
- 8:23you kept trying to long. Well, you know
- 8:24what? we probably would have gotten
- 8:26wrecked for a few days, but it is likely
- 8:29that
- 8:32this one will probably get filled. So, I
- 8:35don't necessarily trade them as like a
- 8:37rule saying like, oh, this percentage of
- 8:39times gaps get filled. We have buyers
- 8:42stepping in now. This percentage of time
- 8:44that gaps get filled or um
- 8:49they need to get filled or whatever.
- 8:52they don't need to get filled but it is
- 8:53a target that people look at.
- 8:57So
- 8:59because and also it's not only just the
- 9:02gap but it's also like
- 9:05price is uh
- 9:09price oftent times will come back to
- 9:11rebalance a move right so like let's say
- 9:14from here to here we had this leg up
- 9:18okay so we'll call that a quote unquote
- 9:21move okay so this was a move right it
- 9:23was a pretty big one too it was about
- 9:25a thousand points Okay. On the on a
- 9:28daily candle.
- 9:30So, if we're going from the low to the
- 9:32to the swing high, swing low to swing
- 9:33high. If this is now the swing high as
- 9:36we're coming down
- 9:37for the time being, then it's likely
- 9:40that,
- 9:42you know, we we're going to rebalance
- 9:45some of this move here, meaning that
- 9:47like we're going to retrace into it
- 9:49before we can continue to go up. Because
- 9:53I mean it's it's the market never really
- 9:57just kind of
- 9:59goes in one direction. I mean sometimes
- 10:02it does
- 10:04like when we had tariff [Â __Â ] right here
- 10:07and then the tariff [Â __Â ] afterwards.
- 10:09Yeah, it kind of just did go in one
- 10:11direction. But this is like not normal.
- 10:15You know what I mean? Like this isn't
- 10:16really normal. So, in a normal market,
- 10:21you'll usually see like price make its
- 10:23move and then it retraces and then price
- 10:25make a move and then overall we're still
- 10:27in a bullish sentiment, right? So, you
- 10:30would still see like price go up and
- 10:32then price will retrace into here and
- 10:34then we'll probably start heading up
- 10:35here
- 10:37maybe the maybe the first month of the
- 10:39new year
- 10:40start targeting up here because we do
- 10:43need to break this area. This is a
- 10:44pretty important area right here that
- 10:46I've been watching for like
- 10:50a month now. So,
- 10:53but yeah, in some cases, I mean, you got
- 10:55to use context, right? So, in some
- 10:57cases,
- 10:58gaps do get filled. In other cases,
- 11:01sometimes it's a breakaway gap and it
- 11:04won't get filled until a very long time
- 11:05later. Like, I have no idea
- 11:09when we'll ever come down here to fill
- 11:11these gaps.
- 11:14We may or may not. I mean, I'm sure if
- 11:16you were to go look back at like 2020,
- 11:19there's probably gaps over there that
- 11:21never got filled. And here we are years
- 11:22later,
- 11:24like after this drop, I'm sure there's
- 11:26probably a gap that didn't get filled.
- 11:38Like if we were to look at this, right?
- 11:41This is technically a gap here that
- 11:43didn't get filled.
- 11:45And that's from
- 11:49March of 2020.
- 11:58So yeah, just be careful if you're ever
- 12:00trying to trade uh new day opening gaps,
- 12:03new week opening gaps. And also when it
- 12:05comes to new week opening gaps, those
- 12:07are a little bit more important than
- 12:10new day opening gaps for me.
- 12:14And
- 12:17if there is a new week opening gap,
- 12:20if it doesn't fill it on Monday or
- 12:22Tuesday, then we might end up filling it
- 12:25Wednesday or Thursday. But a good
- 12:28example of it not happening is like last
- 12:30week, right? So, like
- 12:34last week, this was a a new week opening
- 12:36gap. We didn't fill it the entire week.
- 12:39We almost filled it on Tuesday, but we
- 12:41didn't. And then we just kept pumping,
- 12:43pumping, pumping. So then the idea is
- 12:45most likely this week
- 12:48we're probably going to go fill it.
- 12:52But
- 12:54we're just going to understand that that
- 12:56is a potential target. So, like this
- 12:58area here around like 25,600 is a
- 13:01potential target if we are going for
- 13:03shorts.
- 13:06But my bias isn't going to be like, oh,
- 13:08the gap needs to get filled. Let's just
- 13:10only look for shorts. We're going to
- 13:11wait for market open
- 13:15and um
- 13:18we're going to see what price wants to
- 13:20do and then we're just going to try and
- 13:22identify which way pressure is going to
- 13:24push. And then we're going to just try
- 13:26and ride the wave for like
- 13:3115
- 13:3325 points and just full port this
- 13:36evaluation.
- 13:43And then if I
- 13:47I might trade one of these funded
- 13:49accounts today, but um because I got to
- 13:53build the balance back up on them after
- 13:54taking the payouts, but
- 13:59we're going to focus on the on the evals
- 14:01first.
- 14:11But I hope you guys had a good holiday
- 14:13uh holiday week last week and I hope you
- 14:17didn't get wrecked trying to trade uh
- 14:23trying to trade last week. And also I
- 14:25hope you guys aren't getting wrecked
- 14:28trying to um
- 14:31trade silver.
- 14:34This thing's been going crazy,
- 14:38as I'm sure all you guys know because
- 14:40it's all over the news right now. But
- 14:56so we got about five minutes until open.
- 15:02What up, Chzy? Yeah, towards the end of
- 15:04the year I get um I kind of chill a
- 15:07little bit because
- 15:12you have like volume start to act a
- 15:15little weird because
- 15:19you have money flowing around into
- 15:22different assets for
- 15:25like tax purposes.
- 15:33And plus, it's like it's like uh holiday
- 15:36weeks where we have like um
- 15:39a day where we can't trade or half days
- 15:43in the middle of the week and then it
- 15:45makes it kind of weird. But
- 15:49last week I traded
- 15:53Monday and then after Monday
- 15:57I think we did a little bit of Asia
- 15:58session
- 16:00and then
- 16:02I did I did try and take advantage of
- 16:04the the volatility on silver
- 16:08because
- 16:10the opportunities there and it it was
- 16:11pumping over the holiday week and making
- 16:14big moves. So, I did trade that a little
- 16:16bit, but I did not stream.
- 16:24But, we're going to hope volume is chill
- 16:25today. Let me see. Do we have any news
- 16:28today
- 16:30or this week?
- 16:35I mean, there's pending home sales
- 16:36today, but that's not really.
- 16:39We have FOMC meetings tomorrow.
- 16:44And then jobless claims on uh
- 16:53we have jobless claims on New Year's Eve
- 16:57and then on is it Friday? That's the
- 16:59second. Yeah. And then on Friday we got
- 17:02PMI. So probably Friday will be pretty
- 17:06good. I think
- 17:08I'm hoping for some volatility and some
- 17:10good volume.
- 17:16this week hopefully.
- 17:22Working on some top step fundeds. That's
- 17:24what's up, bro.
- 17:26Me, too. I got to get back to having
- 17:29five of them
- 17:32because in November,
- 17:35I had like five top step fundeds and I
- 17:38had like three finished.
- 17:40um,
- 17:42eval that I could activate and I ended
- 17:44up just like blowing all of them when I
- 17:46was trading on my phone while I was
- 17:47traveling. So,
- 17:51I got to get back to having those
- 17:55and then we'll start working on other
- 17:57firms. I got to work on my alpha futures
- 17:59cuz I have the one funded account.
- 18:04I actually have a eval right now that's
- 18:06at like a $1,500 balance, but it's their
- 18:08advanced account. So, I'll probably work
- 18:11on that one a little bit today. But
- 18:14first things first
- 18:17is going to be this this account
- 18:29earnings next week.
- 18:36Yeah, we'll see what happens.
- 18:40We got about 10 seconds, 15 seconds
- 18:42until market open. We're pumping back up
- 18:45into here. But once we get up into this
- 18:47725 area
- 18:50or even
- 18:53even up here, we want to see what price
- 18:55is going to do.
- 19:09If we are going lower, then I'm
- 19:12expecting us to drop down to 600
- 19:16at least.
- 19:47But it's best to wait. It's best to wait
- 19:50till we see something because this is uh
- 19:52this could whiplash around a little bit,
- 19:55especially after we had a drop
- 19:56pre-market.
- 20:29And also also I want to see um
- 20:35I want to see what the volume is looking
- 20:37like like the first 15 minutes of the
- 20:38open
- 20:42just to make sure I'm not about to trade
- 20:44some low volume [Â __Â ]
- 20:48For order flow, I use a platform called
- 20:50ATAS.
- 20:52So, it's this one on this screen.
- 20:57It's got um and the way I have my chart
- 20:59set up is I'm looking at a bid ask
- 21:02ladder on footprint and then I have
- 21:06uh the DOM right here, like the order
- 21:08book, and then a heat map,
- 21:12so I can see where the heat levels are.
- 21:14And there's like bubbles bubbles in
- 21:16here.
- 21:20It's a great platform though. There's a
- 21:22few of them. I mean, they got you got
- 21:23Sierra Charts. Um, you got ATAS and then
- 21:27there's a new one called Deep Charts.
- 21:32I think Quant tower also has footprint.
- 21:36Just whatever you do, don't use a
- 21:37Trading View footprint chart because
- 21:39that's it's calculating different stuff.
- 21:44It's kind of shitty.
- 21:57All right. So, we want to see how price
- 21:58is going to react once it gets into this
- 22:00area
- 22:03like let's see
- 22:07from here to here. Basically,
- 22:18if it just starts to blast through this
- 22:19area with uh a lot of buyer imbalances,
- 22:23then
- 22:25could probably try and target higher.
- 22:39I do think it's probably more likely
- 22:42that we actually make another low first
- 22:44before we just run up. So,
- 22:49as long as we're below this, I am
- 22:53>> going to see if there's an opportunity
- 22:54for me to fullport this valuation to go
- 22:56short. But I got to wait
- 22:59because it's still pretty close to the
- 23:01open. It's the first fiveminute candle.
- 23:09So, just so you guys know what I'm
- 23:11looking for. I'm looking for potential
- 23:13shorts. If we start getting above this
- 23:15gray box that I have marked out right
- 23:17here, I'm not going to be looking for
- 23:18shorts anymore.
- 24:03I think if we potentially
- 24:06wick up on this 5minute candle and then
- 24:08start flipping bearish. I might try and
- 24:10take it short.
- 24:14But keep in mind this is a I'm trading
- 24:17in a valuation account and not my funded
- 24:19accounts. So I'm more likely to take
- 24:22trades that are
- 24:24a little riskier because it's
- 24:27it's an eval.
- 24:29So I don't care as much.
- 24:33But we got to wait to see. So like
- 24:41if this starts to flip bearish, I'm
- 24:44probably going to try and take it. I
- 24:46think I'll
- 24:50have to go two minis maybe.
- 24:56Okay. See how we're just like blasting
- 24:58past it now. So,
- 25:01it's a good thing we waited
- 25:04cuz that was a lot of pressure
- 25:07to push past this area. So, if we
- 25:09actually close up here and it's like a
- 25:10strong close, then I'm no longer looking
- 25:14for shorts
- 25:16and instead
- 25:18we're going to be looking for price to
- 25:20push
- 25:21towards Asia highs or London highs.
- 25:54What a pop. That's crazy. It's not even
- 25:56going to give us an opportunity.
- 26:01Insane.
- 26:10We basically shot up
- 26:13100 points in two minutes.
- 26:31It's a good thing we waited though. We
- 26:33waited to see what was going to happen
- 26:34right here.
- 26:44So, we're probably going to snap through
- 26:46real quick and clear these orders here
- 26:51and take uh
- 26:56technically took London highs, but
- 27:00I usually do like an hour before London
- 27:02session two, and I consider that London
- 27:04highs. So, I'm looking right here.
- 28:18So, we're going to see how this 5
- 28:20minutes going to close.
- 28:30It's a crazy pump though from the lows
- 28:32there.
- 28:40like 150 points.
- 29:18Yeah, there's really nothing that we can
- 29:21do yet. So, we got to just wait. We got
- 29:24to just wait a little bit. I do want to
- 29:27see how the
- 29:2915minute
- 29:31is going to close.
- 29:43But if it doesn't if it doesn't offer
- 29:44any type of like
- 29:49entry as we start coming back into Asia
- 29:51session like because realistically the
- 29:54target would have been basically
- 29:5850%
- 30:00of Asia session for price to deviate
- 30:03away from Asia and then come back to
- 30:04retest it. If it just like runs there
- 30:09without giving us an entry, then there's
- 30:13nothing we could do about it.
- 30:17We'll just have to basically watch it
- 30:19happen.
- 30:29All right. All right. So, we have some
- 30:30sellers stepping in, but
- 30:37I would like to see
- 30:41what happens.
- 31:04But so far this morning, the volume's
- 31:06looking pretty good. So that's a that's
- 31:08a good thing.
- 31:27In the meantime,
- 31:32gold is dumping.
- 32:20Did it halt? Did silver get halted?
- 32:257% is [Â __Â ] nuts, dude.
- 32:32Jeez.
- 32:402,000 ticks on silver. Oh my goodness.
- 32:53That's crazy.
- 32:56I'm going to have to stay away from
- 32:57that. Sounds like something that's going
- 32:59to blow my account.
- 33:02The best orderflow platform and what is
- 33:04the worst? Well, the worst
- 33:09orderflow platform is definitely Trading
- 33:11View.
- 33:14So, like don't use Trading View
- 33:16footprint charts.
- 33:18the best one.
- 33:22I mean,
- 33:25it really just I mean, they all show the
- 33:26same information, so just kind of comes
- 33:29down to preference. I think ATAS is
- 33:32great. That's why I use it. But
- 33:37there's a new one called Deep Charts. It
- 33:38looks pretty good, too. But I haven't I
- 33:40haven't really tried it out, so I
- 33:42wouldn't really know
- 33:45because ATAS is everything that I need.
- 33:46I can connect multiple prop firms and
- 33:50live accounts to ATS and trade directly
- 33:53on ATAS.
- 33:55It's got heat map.
- 33:58It's got everything else I need. So,
- 34:02it's the one that I personally use, but
- 34:05there is CR charts, there's a test,
- 34:07there's deep charts. I think Quant tower
- 34:10has them, too.
- 34:12Just don't use trading views footprint
- 34:14charts because the way it's calculating
- 34:17the bid in the ask is not technically
- 34:20accurate. It's
- 34:22like calculating ticks rather than
- 34:25contracts or something like that.
- 34:40All right, we're coming down a little
- 34:41bit. I think I might actually
- 34:59I'm going to take a long on the funded
- 35:02account. I'm going to risk like
- 35:05$1,000.
- 35:06>> Order filled,
- 35:10>> which will probably hit uh realistically
- 35:13really quickly. I need it to basically
- 35:16snap back up right now.
- 35:20Let me move this
- 35:231530.
- 35:41All right, I'm actually going to move my
- 35:42stop to break even and then I'm going to
- 35:45see if
- 35:48it can snap back up before it hits us
- 35:50out.
- 35:57We got kind of close right there.
- 36:08And also part of the reason why um I
- 36:11tried to take that by the way, just so
- 36:13you guys know, is because
- 36:16the 15minute essentially opened up with
- 36:20no wick to the top side and we
- 36:21immediately ran down. So
- 36:26we're about to get hit at break even
- 36:28once we started to stall a little bit
- 36:30here at the initiation of a move up. The
- 36:34idea would be that like we at least go
- 36:38create a wick here on this 15 minute
- 36:41before it closes, which it might do,
- 36:46but
- 36:49because it didn't happen how I wanted it
- 36:51to happen
- 36:54and we're still here, I just moved to
- 36:56break even. And then we'll just
- 36:59try it again later.
- 37:04try a different trade later.
- 37:11But I do want to see
- 37:14I do want to see if price is going to
- 37:16respect this area. It's kind of what I'm
- 37:18looking at.
- 37:24But because I'm trading um
- 37:28because I'm trading the five minute
- 37:29chart and the ATR right now is like 30
- 37:31points
- 37:34and I'm using like 3 to 5 minis. I got
- 37:38to move to break even. Otherwise, I'm
- 37:40just instantly going to blow an account.
- 38:26All
- 38:48right, so we got a new fiveminute
- 38:50opening. We're kind of stalling right
- 38:51here, but if we're going to go lower,
- 38:53you're going to see it kind of do it
- 38:55pretty quickly.
- 38:59If this is not going to be respected,
- 39:01this area right here
- 39:46I'm going to go short right here.
- 39:48>> Order filled.
- 39:50>> And I am
- 39:52again going to risk $1,000.
- 39:57and try and target $1,500.
- 40:08I'm actually going to move it to break
- 40:10even right now cuz I don't want it to
- 40:12create a wick and then snap back up.
- 40:18Yeah, NQ is pretty aggressive. So, if
- 40:20it's going to happen, I'm expecting it
- 40:22to just go. I don't want it to like
- 40:25whiplash around, you know.
- 40:32We're almost there, though. We're up a
- 40:33thousand. So, stop at, you know, break
- 40:37even just to cover some of the fees.
- 40:39Makes sense. But I just needed to do one
- 40:42more push lower.
- 40:46>> Order filled.
- 40:51>> All right, cool. So,
- 40:56we were um the reason why I took that
- 40:58trade, just so just so you guys know, is
- 41:01this area right here.
- 41:05The reason why I'm watching it is
- 41:06because when when the market first
- 41:11opened up, right, I said that we were
- 41:13going to be watching this area where you
- 41:15see like this uh this first move down
- 41:18that happened pre-market
- 41:21when we just like snapped through it and
- 41:23just ran through it with a lot of
- 41:26aggression to the upside. Then
- 41:28realistically because this huge move
- 41:33with all of these buyers, the imbalance
- 41:35of buyers that happened that pushed this
- 41:37candle higher because it started right
- 41:39here essentially because it wasn't
- 41:42really right here. It technically
- 41:44started on this candle. Then you would
- 41:46be watching this area with all of these
- 41:48bold numbers that have the buyer
- 41:50imbalances as an area where we can
- 41:52potentially,
- 41:54you know, bounce and then go back
- 41:56higher. But then when this candle opened
- 41:58up
- 42:00and we had price retest the PC and then
- 42:04come back down,
- 42:05I only need like 100 ticks. And the ATR
- 42:10right now is 31 points for a 5m minutee
- 42:13candle. So at that time
- 42:17we were like looking at a 17. So only
- 42:20half of the ATR
- 42:23was printed so far on the new fiveminute
- 42:25candle. So, if it was going to expand, I
- 42:27thought it was going to expand down and
- 42:28break past this.
- 42:31And since we only need 100 ticks, we'll
- 42:34just try and give it a shot. I probably
- 42:36wouldn't have taken that trade on a
- 42:38funded account, though. But,
- 42:41um,
- 42:42yeah. The only issue though now is I got
- 42:44to kind of lose a little bit of money.
- 42:46So, I need to get down to like
- 42:50Hold on. Let me try and do this real
- 42:52quick.
- 42:59I got to lose like 20 bucks.
- 43:17>> Order filled.
- 43:18>> All right, there we go.
- 43:21So, we're going to lock out of that.
- 43:27All right, cool. So, today
- 43:31we um
- 43:35hit profit target on this one. Hit
- 43:38profit target on this one.
- 43:42And then I have my two fundeds here that
- 43:47I'll probably try and trade right now.
- 43:49And then um
- 43:51our other funded account
- 43:54is blocked because I'm taking a payout
- 43:56on it right now with Alpha Futures. And
- 43:58then I do have an evaluation on Alpha
- 44:01Futures. So let me actually
- 44:09Okay,
- 44:11but that one I'm not trading on Project
- 44:13X with Alpha Futures. I'm actually
- 44:15trading the Alpha Futures account
- 44:16directly on
- 44:19Hey, Tess.
- 44:51So, we're going to just wait a little
- 44:53bit and we're going to see what happens.
- 44:54I want to We're about 5 minutes out from
- 44:58the new 4 hour candle, and that's
- 44:59usually a pretty important time. So, I
- 45:02want to see how this one hour is going
- 45:05to close, how the 4 hour is going to
- 45:07close.
- 45:09and all the rest of the candles.
- 45:14So, like if we were to
- 45:17look at Trading View, I need to see I
- 45:20mean this is kind of a weird 4hour
- 45:21candle. So, I want to see how it's
- 45:23actually going to close in the next four
- 45:24minutes. The 1 hour candle,
- 45:2815
- 45:30and of course
- 45:33the five minute
- 46:13But yeah, the main focus for this week
- 46:15is not necessarily the funded accounts.
- 46:17It's more so um
- 46:21it's more so just trying to
- 46:24pass some evals.
- 46:27So since we got half of them we got two
- 46:29of them halfway done today.
- 46:32The idea would be that we just try and
- 46:34finish the second half of it tomorrow
- 46:39and then hopefully get two new funded
- 46:42accounts with Topep or at least one
- 46:45because I might blow one of them. So,
- 46:48I just don't want to blow both of them.
- 46:52So, hopefully we we just like
- 46:55pass one of them and then we'll have
- 46:59three or four funded accounts now with
- 47:00top step, one with alpha and then I'm
- 47:02still working on the uh
- 47:06the advanced account with alpha except
- 47:08for that 50k. We got to get to
- 47:114,000. It's at like 1,500 right now.
- 47:16So, I might actually try and take a
- 47:17trade on that
- 47:26except for for that account. Like I only
- 47:29if you look at the stream, there's only
- 47:30like the
- 47:33um
- 47:36there's only the P&L and account
- 47:38information for
- 47:41project X. I don't have it set up for
- 47:43showing what it looks like on ATS, but
- 47:46you'll see the position on the screen
- 47:56and then I'll just show you after
- 47:59if we do trade it. I'll show you after.
- 48:07So, right now we're just waiting. We're
- 48:08just waiting next 45 seconds. We want to
- 48:12see how the 4 hour is going to close.
- 48:24It does look like we are going to
- 48:28probably make another low,
- 48:31but we got to wait because
- 48:38the 15-minute is looking kind of weird
- 48:40right now.
- 48:46I did think I I thought we were actually
- 48:48going to go higher, but
- 48:52after we broke past that area I was
- 48:54watching in the beginning, which was
- 48:55like right around here. I was expecting
- 48:58us to go higher.
- 49:01All right, let's take a look. So 4hour
- 49:05close with wicks on both sides, but it
- 49:08did close bearish.
- 49:11The one hour looks pretty weird.
- 49:13But that um this wick like this is
- 49:17pretty means it's pretty weak. So
- 49:21it does look like we are going to go
- 49:22lower and at least take these lows at
- 49:24the very minimum. But the target should
- 49:26be about 600
- 49:28for like a 100 points lower.
- 49:33But one thing I'm looking at right now
- 49:35though is that
- 49:37if you look right here, right, we had
- 49:39volume. We're up around like 30 to
- 49:4240,000 which is normal um for MNQ
- 49:47when we open at New York and then it
- 49:50started going around like 20 to 30K
- 49:53which is normal but then it dropped off
- 49:56significantly
- 49:58this last 5m minute candle. Now I need
- 50:01to see if it only dropped off because
- 50:06we had like technically orange folder
- 50:09news right now which didn't really do
- 50:11anything obviously but I need to see if
- 50:14it dropped off only because of that and
- 50:15it's going to pick up again or if it's
- 50:18if the volume is actually just like
- 50:21tapering off because if it's tapering
- 50:23off then what's going to happen is
- 50:26we're probably just going to start to
- 50:27[Â __Â ]
- 50:30And that's like a perfect way to just
- 50:32like [Â __Â ] up your account.
- 51:01um news that actually affects the
- 51:03market, you would be well, you would be
- 51:06looking for red folder news, but some
- 51:07red folder news doesn't really do
- 51:09anything, but like the heavy hitters are
- 51:12usually within the first
- 51:15I mean obviously you got FOMC. I mean,
- 51:17that's red folder news and that's like
- 51:19always going to move the market. Um, in
- 51:23terms of we're just talking about
- 51:25scheduled news releases and we're not
- 51:27talking about like random
- 51:30random news that comes out like Trump
- 51:31tweets or whatever. Uh, you'd be looking
- 51:34at usually the first two weeks of the
- 51:36month you'd look at like Jolts or NFP
- 51:41or unemployment.
- 51:44Um, and then the week following that is
- 51:46usually CPI, PPI,
- 51:49those are pretty big.
- 51:52PMI usually does something.
- 51:55Um,
- 51:58Michigan sentiment on Fridays usually
- 52:01does something.
- 52:04Home sales doesn't really do much most
- 52:08of the time.
- 52:12really the most important ones to
- 52:16to be aware of is like the first two
- 52:18weeks of every month
- 52:21um causes a lot of uh
- 52:25volatility
- 52:28at least when the candle prints
- 52:32and then of course you have FOMC. Now,
- 52:34we do tomorrow have FOMC minutes,
- 52:38but that's not really as important
- 52:39because basically they're just going
- 52:41over what they already there's no like
- 52:44they're just making like a statement
- 52:46about their meeting and [Â __Â ]
- 52:51So, you might like FOMC minutes, you
- 52:53might see like a quick spike of volume,
- 52:57but it's not really going to do
- 52:59anything.
- 53:08Yeah. So, next year should actually be
- 53:10pretty interesting when it comes to FOMC
- 53:12because I think uh
- 53:17Jerome Powell is supposed to
- 53:20Yeah, it looks like we want to push
- 53:21lower right here. Jerome Powell is
- 53:23supposed to uh the the head of the Fed
- 53:26is supposed to like change I think in
- 53:29May.
- 53:32So, if it changes in May, then um the
- 53:35guy who's going to come walk up and give
- 53:38the right statements and [Â __Â ] during the
- 53:40Fed meetings is going to be somebody
- 53:41else other than Powell. And because
- 53:44Powell has been there for such a long
- 53:46time, the market is used to the market
- 53:49participants are used to how he kind of
- 53:52says stuff and
- 53:56they're just comfortable technically
- 53:58with him being there. So, if we get a
- 54:00new person, the first few Fed meetings
- 54:02are probably going to be pretty
- 54:04pretty volatile or even potentially
- 54:10low volume because um
- 54:14a lot of people are going to be trying
- 54:15to fill it feel it out first, right?
- 54:17They're going to because like
- 54:21the most important thing when it comes
- 54:24to the Fed meetings is not necessarily
- 54:26whether we're cutting rates or not
- 54:28cutting rates because oftent times
- 54:33the probabilities probabilities of
- 54:35whether or not it's going to happen.
- 54:37Majority of the market kind of is
- 54:39already pricing it in based off of what
- 54:41they believe is going to happen. What
- 54:45what makes FOMC days like volatile is
- 54:49after they make the rate decision when
- 54:51the reporters start asking questions,
- 54:54market participants are trying to listen
- 54:56to how those questions are being
- 54:58answered
- 54:59so that um they can get an idea on what
- 55:03might be coming next, right? So Powell
- 55:06is very careful about how he says things
- 55:10when I mean he says a whole lot of
- 55:11nothing basically
- 55:14when they start asking him questions.
- 55:16But if a new Fed chair comes in
- 55:20and they say something
- 55:23or they slip up and they say some [Â __Â ]
- 55:25they they really shouldn't have said.
- 55:28Uh then that can cause like pretty crazy
- 55:31volatility.
- 55:36So, it'll be interesting to see what
- 55:37happens.
- 55:53>> Okay. So, something I'm noticing, by the
- 55:55way, is that volume is kind of
- 55:59it's kind of low.
- 56:03Uh, this candle is is going to be a high
- 56:05volume candle, though. We're probably
- 56:06going to move a little bit more. But
- 56:09these past two candles were kind of
- 56:10lower in volume. So,
- 56:14I don't want to get trapped in some
- 56:15[Â __Â ] but I do think we're starting
- 56:18to make our way down here to these these
- 56:20lows. And then once we get past these
- 56:22lows, what you're going to see most
- 56:24likely is a large seller step in to take
- 56:28out all these orders on the book and
- 56:29then start having us push down towards
- 56:31600
- 56:33if we get some aggression at least.
- 56:35Otherwise,
- 56:37um
- 56:39we're going to be like kind of
- 56:41consolidating right here.
- 56:44If volume stays low and there's no
- 56:46intention to move price, we're just
- 56:48going to kind of [Â __Â ] around.
- 56:50I think.
- 56:55But it is looking good for shorts
- 56:57though. In my opinion, I would not be
- 56:59looking for
- 57:01a long right here yet until something
- 57:08I probably wouldn't actually be looking
- 57:09for longs until we get back above this
- 57:12area,
- 57:14back above like
- 57:17780
- 57:19800.
- 57:34We got to wait. We're going to see how
- 57:37uh this fivem minute close is.
- 57:40I'm probably not going to trade my
- 57:42funded accounts today because it looks
- 57:44like volume's kind of getting lower,
- 57:49but I'll probably try and take a trade
- 57:53on my Alpha Futures funded account,
- 57:55which is what I'm trading on the actual
- 57:57ATAS platform. But I just want to
- 58:02wait for something
- 58:09because I'm probably going to go kind of
- 58:10heavy on it.
- 58:14probably go like two minis.
- 58:37All
- 58:48right. If we can have the next candle
- 58:50pump up immediately after it opens to
- 58:52the PC, I'm going to take a short.
- 58:57Otherwise, if it's just going to run,
- 58:59then it's just going to do it and
- 59:02can't do anything about it.
- 59:13which it looks like it's about to do
- 59:14right now.
- 59:54So, I'm not going to do that anymore
- 59:56because it went down first. I would only
- 59:57try and go short to target the lows if
- 1:00:00we would have opened up, came up to the
- 1:00:02PC, then take a short right there to
- 1:00:05come down here. But because we created a
- 1:00:07wick to the downside first where and
- 1:00:11also the PC is down here meaning that
- 1:00:12sellers were trying to push and they
- 1:00:15they weren't strong enough yet
- 1:00:17then
- 1:00:19it's better to wait probably wait until
- 1:00:22the 15minut the next 15 minute opens up.
- 1:00:25If if it doesn't just like melt right
- 1:00:27here,
- 1:00:45but when it does take these lows, you're
- 1:00:47probably going to see a large uh like a
- 1:00:49bubble, like a red bubble pop up, and
- 1:00:53then you'll see it kind of like snap.
- 1:00:55snap down a little bit, clear the book
- 1:00:57right here,
- 1:00:59and then we're going to be looking to
- 1:01:00see if it's going to continue down to
- 1:01:02600.
- 1:01:04It's kind of what we'd be watching for.
- 1:01:46But at the end of the day,
- 1:01:49we'll we'll sit here for another
- 1:01:5245 minutes
- 1:01:55and see if we can
- 1:01:59find any opportunities to try and take
- 1:02:01another trade. But
- 1:02:05the end of the day, we hit profit target
- 1:02:08on two EV vals.
- 1:02:12So,
- 1:02:15I'm fine with that.
- 1:02:27But I do think there's probably going to
- 1:02:29be another opportunity
- 1:02:32if volume doesn't just completely die.
- 1:03:02You're up $147 after being 700 down.
- 1:03:07Hey, you know what? Green is green.
- 1:03:10Green is green.
- 1:03:151,500 on your combine. Good stuff, dude.
- 1:03:18So, now we're getting that bubble. It
- 1:03:20was kind of a smaller one. I'm expecting
- 1:03:22a bigger one to actually come in
- 1:03:25because it's the only way it's actually
- 1:03:26going to push past this. We're going to
- 1:03:28need to see like
- 1:03:31aggressive,
- 1:03:33think about it kind of like a like a
- 1:03:36wall. It needs to like punch through
- 1:03:37this wall right here, which are these
- 1:03:39lows, because it it needs
- 1:03:42a decent amount of pressure and volume
- 1:03:44to actually clear out the book right
- 1:03:46here.
- 1:04:09But we're going to wait
- 1:04:13because the P of this five minute and
- 1:04:17the 15minute is right here. So,
- 1:04:21not only that, but there was like a
- 1:04:23small attempt to try and break through
- 1:04:25this area
- 1:04:27and it failed.
- 1:04:30So, we're going to look to see what's
- 1:04:33going to happen here. It's the new
- 1:04:3515-minute candle.
- 1:04:38There is a potential that this was the
- 1:04:41retracement before we come down, but
- 1:04:43this looks kind of sketchy to me.
- 1:04:45Honestly,
- 1:05:07so what I'm looking at in terms of
- 1:05:09shorts
- 1:05:11is basically this area
- 1:05:14because these are where the sellers came
- 1:05:15in where the move started moving down
- 1:05:18and then the PC of the previous candle.
- 1:05:22So, we want to see if price is just
- 1:05:25going to rip right back up. If it rips
- 1:05:27back up,
- 1:05:31then I don't want to touch it. If it
- 1:05:34respects this area and has it closes
- 1:05:38down here with like a wick to the
- 1:05:40upside,
- 1:05:41then there may be an opportunity
- 1:05:43depending on where
- 1:05:46um the PC closes or the PC is when the
- 1:05:50candle closes that I can try and take a
- 1:05:54stab short. But
- 1:06:00we got to wait.
- 1:06:12I I still think it's probably going to
- 1:06:14go create a new low.
- 1:06:17I would be really surprised if this
- 1:06:1915-minute just opened up and then we rip
- 1:06:21all the way back up here. I don't really
- 1:06:26Oh, it's in 720p.
- 1:06:28My bad, bro.
- 1:06:31I'll see if I can fix it. It's cuz
- 1:06:37I'm actually streaming on a laptop.
- 1:06:41I have a pretty decent laptop. It's a
- 1:06:43pretty strong laptop, but
- 1:06:46I'm streaming and running four screens
- 1:06:49off this laptop and running all these
- 1:06:52programs. So, like in the beginning it
- 1:06:55was 1080p,
- 1:06:58but because I'm po because I'm poor and
- 1:07:02my computer is not some like beast of a
- 1:07:05computer, I'll fix that. I'm going to
- 1:07:07get a better computer this year.
- 1:07:10But, um,
- 1:07:13if you're talking about like if you
- 1:07:14can't read, uh, these numbers and stuff,
- 1:07:17it's fine because I'm not really reading
- 1:07:19them either.
- 1:07:23Unless you want to read them, then we
- 1:07:25can zoom in and you can take a look. But
- 1:07:28I don't you don't really need to
- 1:07:31actually
- 1:07:33read the numbers here in most cases
- 1:07:37because all I'm looking for when it
- 1:07:39comes to the bid and the ask is like I
- 1:07:42have I have indicators that are showing
- 1:07:43me what's happening so I don't have to
- 1:07:45be zoomed in. So like sometimes I'm even
- 1:07:47just looking at the chart like this,
- 1:07:48right? where I'm just looking for um the
- 1:07:54large orders where the PC is and where
- 1:07:56the volume was for the previous candle.
- 1:07:58And then if you ever see me zooming in
- 1:08:01like this, it's not because like like I
- 1:08:05can't read any of these numbers either
- 1:08:07right now. So like it's not because I'm
- 1:08:10reading the numbers, it's because I'm uh
- 1:08:13looking at these numbers in bold because
- 1:08:15those are imbalances. Those are 400%
- 1:08:17imbalances. So, I'm basically just
- 1:08:19seeing where they're at in the candle.
- 1:08:22Okay. But I think I might um
- 1:08:25if we can close looking something like
- 1:08:27this, I might actually try and take a
- 1:08:30short unless we start ripping ripping
- 1:08:32up.
- 1:08:46But yeah, it's definitely on the to-do
- 1:08:48list of uh probably getting a PC
- 1:08:53because honestly my computer uh
- 1:08:59my computer works fine, but for
- 1:09:01streaming I probably need a better one.
- 1:09:07So, this is a pretty bullish close.
- 1:09:11We're not going to try and take a short
- 1:09:12right there.
- 1:09:40Oh, we might actually. We might. We
- 1:09:42might.
- 1:09:48>> Connection lost.
- 1:09:52>> Oh [Â __Â ] What just happened?
- 1:10:07No, we're not going to. This is going to
- 1:10:09push higher.
- 1:10:12It's probably going to come at least
- 1:10:15back up to here.
- 1:10:57But yeah, we're just going to have to
- 1:10:59we're just going to have to wait.
- 1:11:03It's just how it is sometimes.
- 1:11:07It's just a waiting game.
- 1:11:13Unless you want to try and scalp every
- 1:11:15little movement of the market. I mean,
- 1:11:16you're more than welcome to do that, but
- 1:11:21it's not really how I trade.
- 1:11:49cuz honestly like I know I took a trade
- 1:11:51on on the uh evaluation
- 1:11:56account today, but realistically like if
- 1:11:59I wasn't trading evaluation accounts and
- 1:12:01I was trading um
- 1:12:04my funded accounts, I probably wouldn't
- 1:12:05have I probably wouldn't have taken
- 1:12:08anything yet today.
- 1:12:17Probably would have just been sitting
- 1:12:18here the whole time.
- 1:12:41So, it's coming back up here to this
- 1:12:43untested PC. I want to see
- 1:12:47if it's just going to blast right
- 1:12:48through it or if it's actually going to
- 1:12:50stall there.
- 1:13:11Uh well, the reason why I wouldn't
- 1:13:13really have traded is because like
- 1:13:17there was no um
- 1:13:20legitimate uh
- 1:13:26like like there was no legitimate setup
- 1:13:29for me to take realistically like
- 1:13:34like let's think about it for a second,
- 1:13:36right? So basically
- 1:13:39price came down here. I went long on the
- 1:13:42evaluation. It popped up a little bit
- 1:13:44and then it came back and hit me at
- 1:13:45break even and then we we came up here
- 1:13:49and then I went short right here. I
- 1:13:51would not have taken that trade on my
- 1:13:53funded account because like
- 1:13:56you're in the middle of the range and
- 1:13:57and it's just
- 1:14:01it could realistically go either way.
- 1:14:02Especially when the ATR was this big.
- 1:14:04It's It's smaller. It's like getting
- 1:14:06smaller. But
- 1:14:09that's like a
- 1:14:11That's not like a high quality trade
- 1:14:14that I would be willing to risk
- 1:14:17funded accounts for, if that makes
- 1:14:19sense. Like when I trade um evaluations,
- 1:14:25I'll take riskier trades and I'll size
- 1:14:27up way heavier because
- 1:14:30it's an evaluation and I don't care if I
- 1:14:33blow it.
- 1:14:35I do care to a certain extent about
- 1:14:37blowing funded accounts, but I don't
- 1:14:40care about blowing evaluations
- 1:14:44because
- 1:14:47I'll blow evaluations
- 1:14:50all the time. I mean, I think this month
- 1:14:52I probably blew like 10 evaluations, but
- 1:14:56the only thing that matters is like
- 1:14:58we're net positive on the month. I mean,
- 1:15:00that's really all it is. That's That's
- 1:15:02the only It doesn't matter how many
- 1:15:03accounts you blow. As long as you have
- 1:15:04more in payouts than you have in fees
- 1:15:06after taxes,
- 1:15:09you're fine.
- 1:15:12So, I'm really aggressive when it comes
- 1:15:14to evaluation accounts. Like, as you
- 1:15:18saw, I basically tried to hit profit
- 1:15:19target in one trade today, which if it
- 1:15:23wasn't for the break even in the
- 1:15:24beginning, I would have.
- 1:15:26And then this account that I was on last
- 1:15:29night during Asia session, I went five
- 1:15:32minis on shorts and then it hit profit
- 1:15:35target in one trade. So usually on these
- 1:15:38top step accounts, I'm trying to pass
- 1:15:41them in two trades basically
- 1:15:45because there's no reason to waste time
- 1:15:47on evaluations. If you're learning, then
- 1:15:50don't do what I just said I'm doing. If
- 1:15:52you're learning how to trade and you're
- 1:15:54like still trying to get your stuff down
- 1:15:56and kind of understand what's going on
- 1:15:58or maybe if you haven't gotten payouts
- 1:16:00or it's not you don't really get payouts
- 1:16:02then just take your time on the evals.
- 1:16:05Um
- 1:16:09but if you are getting payouts then just
- 1:16:11just full port them dude. Like
- 1:16:14otherwise you're just wasting time.
- 1:16:18It's just like think of it as like a
- 1:16:21business expense. It's like you're
- 1:16:22you're you're business is a trader an
- 1:16:25analyst not even a trader an analyst for
- 1:16:28prop firms and the evaluations are just
- 1:16:32part of the business expense. So like
- 1:16:34let's say
- 1:16:36let's say this month I have five grand
- 1:16:38in payouts
- 1:16:40and
- 1:16:42I spent like $1,000 on evaluations.
- 1:16:47Well, it doesn't matter because
- 1:16:51I'm positive, right? And so, we made we
- 1:16:54technically made some money this month,
- 1:16:55right? But if you're not getting payouts
- 1:16:57and you're spending $1,000 a month on
- 1:16:59evaluations or more,
- 1:17:03then yeah, you probably shouldn't be
- 1:17:04fullporting them. You should probably
- 1:17:06take your time on them so you don't go
- 1:17:08broke.
- 1:17:12Pay me to pass your accounts. No.
- 1:17:16No sir
- 1:17:27cuz I think I think I probably um
- 1:17:34from purchased to past
- 1:17:38evaluation accounts I probably
- 1:17:43pass like 60% of the ones that I high.
- 1:17:46If I had to think about it
- 1:17:48realistically,
- 1:17:55I tried to trade some evaluations last
- 1:17:57week during that low volume [Â __Â ] I
- 1:17:59[Â __Â ] blew those. I blew like three of
- 1:18:02them last week.
- 1:18:10Oh, and then I and then I bought
- 1:18:12actually I bought an account last week
- 1:18:15with a firm
- 1:18:17that has this rule where if you if you
- 1:18:19have an open if you have an open
- 1:18:22position like
- 1:18:24past a certain time. It's an automatic
- 1:18:27rule break. And I woke up late last week
- 1:18:30and I tried to flip a contract to like
- 1:18:32make it count as a day. And the moment I
- 1:18:34entered into the contract, it was it was
- 1:18:36early close on Wednesday. So the moment
- 1:18:38I entered into a micro, the market
- 1:18:41closed like couple seconds later and I
- 1:18:44instantly blew that account. So that was
- 1:18:47a [Â __Â ] waste of money.
- 1:18:50I think that might have been the fastest
- 1:18:51I've ever blown an account before. It
- 1:18:53was like 3 seconds.
- 1:18:58Yeah, you could scalp these areas if you
- 1:19:00want. I I usually don't.
- 1:19:13And like also
- 1:19:17I'm looking at a five minute chart, you
- 1:19:19know? So, I mean, if you were to be if
- 1:19:22you're scalping and you're on like a one
- 1:19:24minute chart, I mean, I'm sure there's
- 1:19:25like plenty of opportunity to to scalp
- 1:19:29and, you know, maybe use a little bit
- 1:19:31more size and
- 1:19:34do what you do. But I'm usually just
- 1:19:36trading off of like a five and a 15
- 1:19:38minute and I'm looking at the hourly and
- 1:19:41the 4 hour.
- 1:19:47So, whenever we're like doing this,
- 1:19:50it's like super
- 1:19:52like this is pretty low volume right
- 1:19:54now.
- 1:19:55I'll just wait.
- 1:20:33Yeah, five minute is not a good time
- 1:20:36frame to be trying to
- 1:20:39scalp.
- 1:20:40this type of stuff
- 1:20:42cuz scalping to me is like when you're
- 1:20:45going for just like a few points or
- 1:20:48you're like adding and subtracting
- 1:20:49contracts into a move um just for a few
- 1:20:53points at a time but you're doing a lot
- 1:20:55of them
- 1:20:57because usually when I look for trades
- 1:20:59I'm trying to find an opportunity where
- 1:21:01I can get like
- 1:21:0450 to 100 points
- 1:21:07in this market and And then like the
- 1:21:10minimum
- 1:21:12if it's on a funded account, the minimum
- 1:21:15would be like 25 points.
- 1:21:20Anything less than that, I probably just
- 1:21:21wouldn't take it. Unless I'm on a unless
- 1:21:24I'm full porting an evaluation, then if
- 1:21:26I can find something where I think I can
- 1:21:28make 60 ticks on it, I'm going to take
- 1:21:29it.
- 1:21:44But what this did do
- 1:21:47is because this happened right here
- 1:21:49later on whenever we start
- 1:21:52maybe even if it's not today but later
- 1:21:55on whenever we start heading back down
- 1:21:56this area this is a great this is a
- 1:21:59great target
- 1:22:01to try and take a short and take out all
- 1:22:04of this [Â __Â ] And when it does take this
- 1:22:07out, it's going to actually do it like
- 1:22:10you'll see the candle kind of come down
- 1:22:12and then like push past it really hard
- 1:22:15and clear this out,
- 1:22:19but that'll be for later. If that's left
- 1:22:21there, if this is left here and like we
- 1:22:25kind of go up and we we do that slow
- 1:22:27grind [Â __Â ] where we just kind of
- 1:22:29come up here low volume and then Asia
- 1:22:31session and London session do whatever
- 1:22:33and then New York opens and this is
- 1:22:35still here.
- 1:22:37Depending on what happens, this is a
- 1:22:38great target
- 1:22:47because there was no legitimate like
- 1:22:52It went like this, right? And then it
- 1:22:56never broke it. If it went like this and
- 1:22:58then came back up, then you wouldn't
- 1:23:00want to. It's not the same. But because
- 1:23:02they're all kind of like at the same
- 1:23:04level,
- 1:23:06yeah, we could target that later.
- 1:23:09But for now,
- 1:23:12volume is low, so we're just
- 1:23:15bullshitting around. And probably what's
- 1:23:16going to happen is we're going to come
- 1:23:17up here
- 1:23:19and then we're going to like slowly roll
- 1:23:21over
- 1:23:25and it's just going to be
- 1:23:29[Â __Â ] until um maybe lunch after
- 1:23:33lunchtime.
- 1:23:40But we'll see. Who knows? Maybe maybe
- 1:23:42volume just picks up out of nowhere, but
- 1:23:44I doubt it.
- 1:24:29So, we'll see what happens right here.
- 1:24:38Where is this?
- 1:24:41780
- 1:24:43820.
- 1:25:18So if we if we actually end up picking
- 1:25:22up some volume and then just really
- 1:25:24actually pushing through this area to
- 1:25:25start taking these highs,
- 1:25:28there may be an opportunity. But if
- 1:25:30we're going to come up right here and
- 1:25:32kind of stall out and then kind of do a
- 1:25:36low volume roll over of just like it
- 1:25:38just kind of goes like a limp
- 1:25:43roll over.
- 1:25:47Then we'll probably just stop trading.
- 1:27:12All right. So, we're starting to roll
- 1:27:14over right here.
- 1:28:01But I wouldn't want to
- 1:28:04take it short right here
- 1:28:07because
- 1:28:11there's a chance that it comes down into
- 1:28:13half of this move and then just pops
- 1:28:15back up.
- 1:28:34But we'll give it we'll give it a little
- 1:28:36bit more time. But I'm kind of leaning
- 1:28:39towards
- 1:28:40stopping.
- 1:28:43There's just like
- 1:28:46lower volume we're heading towards later
- 1:28:49in the day.
- 1:28:53There will always be more opportunities
- 1:28:56tomorrow and if we're kind of just not
- 1:29:00really doing much right now.
- 1:29:03I usually stop trading in 20 minutes
- 1:29:04anyways. But if we're really not doing
- 1:29:06much right now, then there's no reason
- 1:29:09for us to try and like force something
- 1:29:18because if we end up losing, if we end
- 1:29:20up losing, like let's say we take a
- 1:29:22trade right here and volume's kind of
- 1:29:24like this or whatever and we end up
- 1:29:26losing a trade. Well, because it's kind
- 1:29:28of slow,
- 1:29:31there's not really an opportunity.
- 1:29:34it'll be less likely that there's an
- 1:29:36opportunity for us to try and make our
- 1:29:37money back.
- 1:29:40So, if we did take a L, if we try to
- 1:29:42take something, we would basically just
- 1:29:44have to eat the L.
- 1:29:47So, I'd rather just not even take a
- 1:29:49trade in the first place.
- 1:29:57and we'll wait till there's more volume
- 1:30:00uh tomorrow and then we'll try and just
- 1:30:03pass these uh pass these EV vals
- 1:30:08unless this starts picking up a lot of
- 1:30:10speed. If it starts picking up a bunch
- 1:30:11of speed here in the next like 15 minute
- 1:30:14candle in about four minutes,
- 1:30:19then I might try and target the lows.
- 1:30:23I think it's likely we probably do a
- 1:30:25little bit of uh
- 1:30:29a little bit of these shenanigans here.
- 1:30:30Come up, down, up.
- 1:30:34Some [Â __Â ] you know.
- 1:31:12And hopefully hopefully Alpha Futures
- 1:31:15will release my my account
- 1:31:20today so that I can potentially trade it
- 1:31:23tomorrow
- 1:31:27because I requested a payout from them
- 1:31:29on uh
- 1:31:31Friday
- 1:31:35and whenever you request a payout from
- 1:31:36Alpha Futures, they'll like block the
- 1:31:38account from being traded until they
- 1:31:40like take the funds out of it and then
- 1:31:42send it to you or whatever. So,
- 1:31:45it's kind of like I'm not able to trade
- 1:31:47it right now,
- 1:31:49but it's fine because there's really
- 1:31:50nothing to trade with it anyways.
- 1:31:53So hopefully they uh allow me to trade
- 1:31:56it like tomorrow or by the end of the
- 1:31:59day today
- 1:32:00so that tomorrow I can trade it or the
- 1:32:03next day. But
- 1:32:06I have to check um
- 1:32:10what the eligible hours are for trading
- 1:32:13this week
- 1:32:15for like New Year's Eve and
- 1:32:18January 1 because I don't know what the
- 1:32:20prop firm hours are.
- 1:32:57All right, we got like 1 minute left to
- 1:32:59see how this 15 minutes going to close.
- 1:33:21But right now it's pretty slow.
- 1:33:54man. Look at gold, dude.
- 1:34:021,700 ticks at New York. It's
- 1:34:05disgusting.
- 1:34:10Should have just traded gold today.
- 1:34:26I do trade gold.
- 1:34:29Although recently I haven't been trading
- 1:34:30gold uh as much this month, but um since
- 1:34:36September
- 1:34:38um
- 1:34:41when we started getting like
- 1:34:45on gold and silver in September.
- 1:34:49Yeah, like September, October when we
- 1:34:53really started pushing like super
- 1:34:55parabolic.
- 1:34:57Uh I was trading gold for a while and
- 1:35:00then um
- 1:35:03in November when we started kind of like
- 1:35:07consolidating for a little bit like a
- 1:35:09few days or a week or two I I kind of
- 1:35:11stopped trading gold and then I was
- 1:35:13trading silver a little bit
- 1:35:15um during these moves and this move I
- 1:35:20was trading silver but then like once um
- 1:35:24once all the news started coming out and
- 1:35:26then now you have everyone who's like,
- 1:35:27"Oh my god, silver." Well, now I'm not
- 1:35:30trading it anymore because
- 1:35:33now it's just like
- 1:35:36silver is is kind of crazy, bro, because
- 1:35:38one mini is $25 a tick, right? So then
- 1:35:42if you were to think about like this New
- 1:35:44York session, if we win a,000 ticks with
- 1:35:47one mini, with one mini, that's a
- 1:35:49$25,000 move, right? Or even if you had
- 1:35:52one micro, one micro is $2.50, right? So
- 1:35:57then it's then it's a,000 ticks is
- 1:36:00$2,500.
- 1:36:02So it's kind of like a lot.
- 1:36:04And sometimes I'll use it for passing
- 1:36:08evaluations really quickly. But since
- 1:36:10it's been pretty volatile,
- 1:36:13um especially like this past week, I
- 1:36:17really haven't been touching it as much.
- 1:36:23But I mean, when when you have assets
- 1:36:25that are like super volatile, like gold
- 1:36:28and silver are super volatile right now,
- 1:36:31that there's plenty of opportunity for
- 1:36:33you to try and take advantage of that
- 1:36:35that volatility as a day trader. And
- 1:36:38that's the whole point, right? So,
- 1:36:41I do trade them, but right now, we're
- 1:36:44focusing on NQ. Although NQ is on some
- 1:36:46[Â __Â ]
- 1:36:49today a little bit. It's I mean, wasn't
- 1:36:51that bad, honestly. There were some
- 1:36:52opportunities probably for people
- 1:36:55obviously within these moves. I mean
- 1:36:56this is like 160 point range so you
- 1:36:59could easily catch
- 1:37:01you know your 20 points or whatever
- 1:37:0425 points 50 points somewhere in here
- 1:37:08and make money. But
- 1:37:11I am focusing a little bit more on uh on
- 1:37:15NQ and I'll let everyone else like try
- 1:37:17and trade the uh because dude there's a
- 1:37:19lot of people think about it like this.
- 1:37:20If you don't trade silver, but now
- 1:37:22you're trading silver because you start
- 1:37:25hearing everyone talk about silver and
- 1:37:28you're not used to how it moves or
- 1:37:30you're not used to like the size
- 1:37:32adjustments that you need to make when
- 1:37:34it comes to trading silver,
- 1:37:37you're going to actually
- 1:37:39it's so easy to blow your accounts
- 1:37:41trading silver. And I guarantee you
- 1:37:44there are probably a ton of people who
- 1:37:46are blowing their accounts trading
- 1:37:47silver. So
- 1:37:51just let them deal with that mess
- 1:37:54basically. I mean if but there is nice
- 1:37:56moves like today there was a nice move
- 1:37:59yesterday this was crazy
- 1:38:03but like think about it like this right
- 1:38:05like last week and uh last week and over
- 1:38:11the weekend you got hear all this news
- 1:38:13about silver. So you got all these like
- 1:38:15traders who are like, "Oh my god,
- 1:38:17silver's pumping." Like all you got to
- 1:38:19do is they're looking at this, right?
- 1:38:21And they're like, "All you got to do is
- 1:38:23just buy it." And then like it pumps up.
- 1:38:25And they're like, "Oh, you just got to
- 1:38:27buy it." They probably probably all of
- 1:38:29them got wrecked right here, you know?
- 1:38:32Because that's a massive move. Like
- 1:38:35it's disgusting, dude. 1,200 ticks. Good
- 1:38:37luck.
- 1:38:40But yeah,
- 1:38:45so yeah, I I'll I'll trade uh usually
- 1:38:48gold and NQ, but recently since silver
- 1:38:50has been pretty volatile the past few
- 1:38:52months, I have been like trading silver
- 1:38:53a little bit, but uh NQ is definitely my
- 1:38:57go-to.
- 1:38:59It's the one that I look at every day.
- 1:39:00It's the one that I understand the most.
- 1:39:02I am pretty good with gold. Like
- 1:39:04October, I basically only traded gold. I
- 1:39:07don't think in October I traded ENQ at
- 1:39:09all. It was only gold.
- 1:39:17But yeah, you got to be careful about
- 1:39:18like
- 1:39:22like everyone wants to talk about silver
- 1:39:24now. They want to talk about commodities
- 1:39:26now.
- 1:39:27And then you bring a bunch of attention
- 1:39:29to an asset and you got all these people
- 1:39:30trying to trade it now. But why weren't
- 1:39:32you trying to trade it since May? like
- 1:39:33since May it's been ripping
- 1:39:37and it was cleaner. Now now because all
- 1:39:39of the eyes are on it is going to be
- 1:39:41more volatile and you got to like size
- 1:39:43down and
- 1:39:45you may have like nasty moves but
- 1:39:46there's probably great opportunities. So
- 1:39:48we're coming down right now. Um
- 1:39:50realistically
- 1:39:53this is what I'm thinking. I mean, the
- 1:39:54idea would be that you actually we come
- 1:39:56down and we take these lows, but um
- 1:40:00there's also, of course, the opportunity
- 1:40:02that we're coming down right here and
- 1:40:04then we're about to just bounce back up
- 1:40:05into a range.
- 1:40:09But if it does break these lows, you're
- 1:40:11going to see it do it kind of quickly.
- 1:40:12So,
- 1:40:19platinum is the way. Yeah, dude. Look at
- 1:40:21platinum, too. Even platinum's been all
- 1:40:24of them. Look at Platinum. Look at that.
- 1:40:27It's also $25 a take. This thing's been
- 1:40:31ripping, too. All of them have.
- 1:40:59So, we're going to see right now after
- 1:41:00this 5m minute closes,
- 1:41:04depending on how it closes, we're going
- 1:41:05to see if it's likely that we're
- 1:41:07actually going to take these lows.
- 1:41:10But again, there's a chance that we come
- 1:41:14back up and range here or even we wick
- 1:41:17below this,
- 1:41:20trap all the breakout traders, and then
- 1:41:22just come back up here.
- 1:41:25Um, I'm on the five minute time frame
- 1:41:28right now. Like, at least the time
- 1:41:30frames that you're seeing on my chart,
- 1:41:31they're five minutes.
- 1:41:37But I usually look at five minute and
- 1:41:39the 15 minute. I have a footprint chart
- 1:41:43that's on the left of my screen, like on
- 1:41:44my left screen that you guys can't
- 1:41:46really see. It's a 15-minute chart. And
- 1:41:49then on my right screen, which you guys
- 1:41:50can't see either because you guys are
- 1:41:52only seeing what's in
- 1:41:54the middle of my like my middle screen,
- 1:41:57which is what I'm usually looking at
- 1:41:58anyways. But I do have a higher time
- 1:42:00frame chart open up on the right side
- 1:42:02where I'm usually looking at like 1 hour
- 1:42:04and 4 hour.
- 1:42:06But there's no reason to show that on my
- 1:42:07screen because
- 1:42:11I'll show you guys what I'm looking at
- 1:42:13on the on this screen that's obviously
- 1:42:15on the
- 1:42:17stream. And if I need to, I'll just look
- 1:42:19at a 4 hour on here, right? Or 1 hour on
- 1:42:22here
- 1:42:34gold. Five minute. When I trade gold,
- 1:42:36I'm usually looking at same thing. 5
- 1:42:38minute, 15 minute, 1 hour, 4 hour.
- 1:42:59I used to trade the one minute. I don't
- 1:43:01anymore. I used to trade the three
- 1:43:03minute. I don't anymore.
- 1:43:06I'll look at the three minute sometimes
- 1:43:09like if the fivem minute looks just
- 1:43:12disgusting sometimes I'll break it down
- 1:43:13to a three minute but I'm usually just
- 1:43:15looking at the five minute.
- 1:43:20Like I'll look at an hour the hourly
- 1:43:23candle to get an idea of where I think
- 1:43:26the next hour we're going to be
- 1:43:27basically expand to or if we're not
- 1:43:30going to expand. And then I'm looking
- 1:43:32for entries based off of a five and a 15
- 1:43:35minute chart.
- 1:43:37So like my streams are probably like
- 1:43:39let's say if you watch another trader
- 1:43:42stream and they're like trading a one
- 1:43:43minute chart, obviously they're going to
- 1:43:45be having like more trades and more [Â __Â ]
- 1:43:47happening. Um but because I trade a five
- 1:43:50minute chart and I wait for the five
- 1:43:53minute to close before I make a
- 1:43:55decision. I mean I'm usually only
- 1:43:57catching like a couple trades a day if
- 1:43:58that. Like today we basically
- 1:44:01took one break even in and one win and
- 1:44:04then we've just been sitting here
- 1:44:05because there's been nothing
- 1:44:07like we came back up and then I said
- 1:44:09that we were going to come into this
- 1:44:10area and then probably roll over slowly
- 1:44:12but we did pick up a little bit of
- 1:44:14speed. Um but now the issue is right is
- 1:44:17like
- 1:44:19this fivem minutee candle opened up we
- 1:44:21were pushing down created a wick. So
- 1:44:24you don't whenever we're doing this and
- 1:44:26it's lower volume it's not really the
- 1:44:28best idea to try and like anticipate the
- 1:44:31breakout
- 1:44:34because I mean it can work but there is
- 1:44:37a chance that we just kind of range here
- 1:44:39for a little bit and this is a pretty
- 1:44:42decentsized range. Um,
- 1:44:46so you need to have a kind of a pretty
- 1:44:48big stop loss. And then also when it's
- 1:44:50doing something like this too, there is
- 1:44:52a chance that we just like, you know, we
- 1:44:54come down,
- 1:44:56we go up, we come down, we go up, and
- 1:44:59then we actually take these lows, but we
- 1:45:01just wick it. And then everyone who
- 1:45:03tries to take like a breakout trade to
- 1:45:05the downside to target the gap fill of
- 1:45:07600, then we just pop right back up into
- 1:45:09the range and everyone just gets [Â __Â ]
- 1:45:12So, usually whenever
- 1:45:16we start doing this,
- 1:45:18um,
- 1:45:21I just kind of sit on the sidelines.
- 1:45:25Is this the mini? No, I'm looking at
- 1:45:27MNQ.
- 1:45:29I'm looking at MNQ. I trade MNQ. Well,
- 1:45:33this is the NQ continuous contract on
- 1:45:36this chart, but when I'm looking at
- 1:45:37order flow, I'm looking at MNQ because
- 1:45:39I'm usually trading uh 5 to 10 micros on
- 1:45:45my funded accounts,
- 1:45:49but I'll trade minis on like evaluations
- 1:45:51or bigger accounts like my 100K account
- 1:45:54with Alpha Futures, the funded one. Um,
- 1:45:57I usually trade like one to two minis on
- 1:45:59there, but I'll still I'll still make
- 1:46:02decisions based off of the the micro
- 1:46:04chart because I just understand the
- 1:46:06numbers better because I'm looking at it
- 1:46:09every single day.
- 1:46:13uh in terms of volume.
- 1:46:16So
- 1:46:17when I'm looking at whether or not
- 1:46:19volume is high or low on the day
- 1:46:22like earlier. So let me expand this so
- 1:46:25you guys can see this. I know it's
- 1:46:26probably low quality, but I'll tell you
- 1:46:28what the I'll tell you what the numbers
- 1:46:30are. So this is market open, right? So,
- 1:46:32at market open, you're usually on the
- 1:46:35micro contract going to see anywhere
- 1:46:37between 30 to 50,000 contracts
- 1:46:40the first 5 to 10 minutes. And then
- 1:46:44what'll end up happening is we'll start
- 1:46:46to like die out a little bit, but not
- 1:46:49really because it'll still be between 20
- 1:46:51to 30,000 contracts.
- 1:46:54Then depending on if it's a news day or
- 1:46:56not, if it's a news day with 10:00 a.m.
- 1:46:59Eastern news, like Red Folder, you're
- 1:47:00going to see volume die out right before
- 1:47:02the news. But then right after news
- 1:47:04comes in, it's going to start picking
- 1:47:06back up and it'll be back in that 20 to
- 1:47:0930,000 range. So once we kind of start
- 1:47:15dropping below like we start dropping
- 1:47:17below into 14,000 14,000 11,000 17,000
- 1:47:23that's like
- 1:47:25lower volume. It's not terrible, but
- 1:47:28it's lower volume. 11,000 is terrible.
- 1:47:31Like
- 1:47:3311,000 in volume is like a [Â __Â ] that's a
- 1:47:36[Â __Â ] fivem minute candle, honestly.
- 1:47:40But we come down, we start picking back
- 1:47:43up, and in this candle where it was
- 1:47:44trying to potentially break past it,
- 1:47:47we're back up in the 20,000s. Now we
- 1:47:49have this candle which is at 12,000
- 1:47:5213,000. We still have a minute left. So
- 1:47:55unless something happens right here,
- 1:47:57this is also going to be below 20,000.
- 1:48:00So to answer your question, when I'm
- 1:48:03looking at like good volume,
- 1:48:06realistically I want it to be above
- 1:48:0920,000 contracts per five minute candle.
- 1:48:12Now obviously that's going to change if
- 1:48:14you're looking at a different time
- 1:48:15frame, but for a fivem minute candle, I
- 1:48:17probably want to see like 20,000 mid
- 1:48:2120,000.
- 1:48:23If every five minute candle is like
- 1:48:2530,000 40,000, then it's like a crazy
- 1:48:28volatile day with a bunch of volume.
- 1:48:32But yeah, so like what I'll do is
- 1:48:36I'll wait 15 minutes after open. I'll
- 1:48:38see what the volume's doing. If it's
- 1:48:39staying above mid 20,000s, it's decent
- 1:48:42to trade. If it starts dropping below um
- 1:48:47then
- 1:48:49not delta. So delta is totally
- 1:48:51different, right? like um
- 1:48:54volume is just letting me know if it's
- 1:48:56if
- 1:48:57the conditions are like if I want to
- 1:49:00trade it because I want to trade with
- 1:49:02higher volume. I don't want to trade
- 1:49:04with lower volume. Delta I'm watching
- 1:49:07for um
- 1:49:11for other things like I'm I'm using
- 1:49:13Delta to look at
- 1:49:15aggression,
- 1:49:17momentum,
- 1:49:19potential exhaustion,
- 1:49:22and absorption.
- 1:49:25But the delta numbers
- 1:49:28um
- 1:49:32those are not I'm not looking at those
- 1:49:34and deciding whether or not like
- 1:49:37it's a I don't know how to describe it.
- 1:49:39Like it's not um
- 1:49:42like I'm looking at those to make
- 1:49:44decisions on trades, right? I'm looking
- 1:49:45at delta to make a decision on a trade.
- 1:49:48I'm looking at volume to let me know for
- 1:49:51the most part whether or not I should be
- 1:49:53trading or not. But there are certain
- 1:49:56cases like if you're if you're trading
- 1:49:58an absorption setup, like you're looking
- 1:50:00to see if buyers or sellers are getting
- 1:50:01absorbed, then yes, you do need to look
- 1:50:03at volume to understand if it's true
- 1:50:06absorption to then make a trade decision
- 1:50:08based off of like an absorption setup.
- 1:50:11So, you would look at volume, but
- 1:50:14I mainly just have volume right there
- 1:50:16for absorption setups if I'm trying to
- 1:50:18take an absorption setup or just to let
- 1:50:21me know whether or not
- 1:50:24it's a good time for me to trade or not.
- 1:50:37Like right now, if you're looking at
- 1:50:39volume, it's not really a good time for
- 1:50:41me to trade because I'm on a fiveminute
- 1:50:44candle
- 1:50:47because this candle was like a 15,000
- 1:50:50contracts. We're basically almost
- 1:50:52halfway through this candle already.
- 1:50:56We're about like 40% through it
- 1:51:00and we're at 5,000 contracts. So, unless
- 1:51:02this just starts to flip and move in a
- 1:51:04certain direction or just like start
- 1:51:06pumping pretty hard, this is also going
- 1:51:08to close at like
- 1:51:1115,000 contracts. So, that's lower
- 1:51:14volume. We don't really want to touch
- 1:51:16that unless it starts picking up. So,
- 1:51:18watch. If it starts to pick up right now
- 1:51:20and volume picks up and we start
- 1:51:22actually pushing lower,
- 1:51:25then we'll see if it's actually going to
- 1:51:27break this area.
- 1:51:31But if it doesn't pick up and it just
- 1:51:33kind of
- 1:51:35goes back and forth, then it's just
- 1:51:36[Â __Â ]
- 1:51:41This is bar volume. So if you look at
- 1:51:45each of these cells, like this is one
- 1:51:48cell, this is another cell, this is
- 1:51:50another cell. This is for the five
- 1:51:52minute candle.
- 1:51:56So, I'm not looking at the total amount
- 1:51:58of volume. I'm just looking at the
- 1:52:01volume per five minute candle.
- 1:52:04Now, on my other chart though, I'll have
- 1:52:07a volume profile up and it'll show me
- 1:52:10like
- 1:52:12where um the PC of a range is or
- 1:52:16wherever I marked out
- 1:52:19um the volume profile or where the
- 1:52:22volume area high is.
- 1:52:25So like
- 1:52:27here I'll show you.
- 1:52:30So this is a 15 minute chart. Okay.
- 1:52:34I usually will draw out like a volume
- 1:52:37profile
- 1:52:39and this gives you
- 1:52:42a bigger picture of
- 1:52:45volume. Okay. So just the same way that
- 1:52:49within a fivem minute candle we have the
- 1:52:52PC
- 1:52:53the volume that has the high volume
- 1:52:55nodes and the low volume nodes.
- 1:52:59It's just a it's just the same thing as
- 1:53:01a session as a volume profile. This is a
- 1:53:03fixed volume profile. So we could draw
- 1:53:05it wherever we want. So it's the same
- 1:53:07thing like imagine this box this box you
- 1:53:09see here. Hold on.
- 1:53:12It's like the same thing as what we look
- 1:53:14at in a fiveminute candle except I don't
- 1:53:15put value area high and value area low
- 1:53:17on the fiveminute candle, but we still
- 1:53:19look at the PC. So then like this is a
- 1:53:22bigger time frame. But then if you were
- 1:53:23to go look at like these cells down
- 1:53:26here, this is for each 15minute candle,
- 1:53:30right? So now you see how these are like
- 1:53:3270 60 40 50.
- 1:53:38But yeah,
- 1:53:44but I'll I won't use like uh
- 1:53:47the volume for the actual day.
- 1:53:51Okay, let's see what Let's see what it's
- 1:53:52going to do right here.
- 1:54:07I think I might try and just take a stab
- 1:54:10at a
- 1:54:12a short, but it's going to be on an EVO
- 1:54:17cuz I think we're coming up to the PC
- 1:54:19right now to test it and we we're going
- 1:54:20to flip.
- 1:54:22>> Order. Order filled. Otherwise, um,
- 1:54:29if we like pop all the way back up, then
- 1:54:33whatever. I'll take the L on it.
- 1:54:37Oh, I'm going kind of heavy. I'm going
- 1:54:39to have to risk like a,000 bucks on it.
- 1:54:41So, we're going to hope
- 1:54:42>> submitted.
- 1:54:43>> We're going to hope that this five
- 1:54:45minute is going to flip and we'll take
- 1:54:47it to uh
- 1:54:50basically the lows.
- 1:54:51>> Order submitted.
- 1:54:55But this is a risky trade because like
- 1:54:57we're still here in this range. So we're
- 1:55:00essentially trying to anticipate
- 1:55:03uh and now volume's picking up, right?
- 1:55:05So we might actually get [Â __Â ] right
- 1:55:07now. But we're trying to anticipate a
- 1:55:10break like for volume to pick up and
- 1:55:12break the other direction. But
- 1:55:16we are still in a range. So it can
- 1:55:19easily just come back into this range.
- 1:55:22come back up here.
- 1:55:27But we're making a bet that it's it's
- 1:55:28going to break on this uh second attempt
- 1:55:31here.
- 1:55:34But because we went heavy, we're in two
- 1:55:36minis basically.
- 1:55:41The idea was that this fiveminute candle
- 1:55:43came up and retested this PC
- 1:55:47and then flipped. And now we don't want
- 1:55:50it to come back up here.
- 1:55:52So, if it comes back up here, that's why
- 1:55:54the stop's right here. It's because
- 1:55:57if it comes back up here and it breaks
- 1:55:59past this, then we're going right here.
- 1:56:01And I'm definitely not moving my stop up
- 1:56:03here because that's like
- 1:56:07majority of the draw down on this uh
- 1:56:09evaluation account.
- 1:56:14But yeah, this is not a this is not a
- 1:56:15good sign. But it's okay.
- 1:56:18We didn't take any trades on any funded
- 1:56:21accounts today. We're just trying to
- 1:56:23anticipate a breakout to the downside.
- 1:56:27But in a in a situation like this, I
- 1:56:29would rather
- 1:56:31I would rather take the attempt a little
- 1:56:34bit before than try and trade like a
- 1:56:38break and retest breakout because there
- 1:56:41is a chance that we're actually going to
- 1:56:42come down here and wick it and just come
- 1:56:44back up. So,
- 1:56:47it's better if we do it this way.
- 1:56:54Once we start taking these orders right
- 1:56:55here though, I am going to just move it
- 1:56:57to break even because we are in a range
- 1:56:58and I don't want it to come back.
- 1:57:46It is going to be important though to
- 1:57:48see how this five minutes going to close
- 1:57:49here in about a minute.
- 1:57:52If it closes bearish, if this closes as
- 1:57:55a red candle, we're probably okay. But
- 1:57:57if we pop back up here and we close up
- 1:57:59here,
- 1:58:01uh we're probably cooked.
- 1:58:10But this is this is also not really a
- 1:58:12trade I would take on my funded account.
- 1:58:13I'm just trying to pass this EVO.
- 1:58:23And if I end up losing the trade, then
- 1:58:25whatever. It won't be a blown account,
- 1:58:27though, because there's like $2,000 of
- 1:58:29draw down on this account.
- 1:58:34But I need it I need to get it to like
- 1:58:364K. So, it's at 1500 right now. If we
- 1:58:39could take the lows, I would be at
- 1:58:403,000.
- 1:58:41And then I'll just try and pass it
- 1:58:44tomorrow or something.
- 1:58:53You were in the shorts earlier, red man.
- 1:58:56You made 2100. That's what's up. Okay.
- 1:58:59That's nasty.
- 1:59:01That's nasty.
- 1:59:18Good stuff.
- 1:59:33So, what I'm thinking right now,
- 1:59:36this is actually not looking that good
- 1:59:40for what we want. And if we do start to
- 1:59:43move down, if we move down and we don't
- 1:59:45just pop back up right now, um the
- 1:59:48moment it starts getting down towards
- 1:59:49the low of this candle, I would actually
- 1:59:51move it to break even. But
- 1:59:54there's a chance that it actually
- 1:59:56doesn't get below this candle at all and
- 1:59:59it's going to stall here at the PC and
- 2:00:01it's just going to pop back up. But
- 2:00:03we're going to hope that that doesn't
- 2:00:05happen, but it might happen.
- 2:00:23It definitely has. It definitely has
- 2:00:26made the move for the day. Volume died
- 2:00:28out. There's really nothing to trade.
- 2:00:32We're trying to just force a trade right
- 2:00:34now on an Eval
- 2:00:37just to try and make some progress on it
- 2:00:39and pass it. But if it doesn't work out,
- 2:00:42doesn't work out
- 2:00:49because I don't I don't really care if I
- 2:00:50lose 950 bucks on a Eval, especially
- 2:00:53after we uh
- 2:00:56what's it called? Profit target on this
- 2:00:58one and profit target on this one.
- 2:01:07I just I'm trying to what I'm trying to
- 2:01:09do is I'm trying to like build up uh my
- 2:01:13funded accounts again. So I have like
- 2:01:16six to 10 funded accounts going into the
- 2:01:18new year and I only have three right
- 2:01:19now. So hopefully um
- 2:01:24hopefully what's it called? I can pass
- 2:01:28some. So, we could be at least at like
- 2:01:29five, five or six going into January,
- 2:01:36for sure. Yeah, it's free, dude. So, I
- 2:01:38mean,
- 2:01:40there's some cool traders in there.
- 2:01:42Also, sometimes I give away accounts.
- 2:01:43So, if you ever want to win like a free
- 2:01:4550k Alpha Futures account,
- 2:01:49sometimes I give them away in uh in the
- 2:01:52Discord. I actually just gave two away
- 2:01:54last week. So, if you want to join the
- 2:01:57Discord, it's free. I don't sell I don't
- 2:02:00really sell anything. So, it's just a
- 2:02:04place where you could talk to other
- 2:02:05traders, I guess.
- 2:02:09All right. So, we're going to get
- 2:02:10stopped out of this.
- 2:02:16Oh, yeah. I mean,
- 2:02:20and something too, like I forgot to say
- 2:02:22this today, but
- 2:02:25you guys like shouldn't try and copy my
- 2:02:28trades. Um,
- 2:02:31because
- 2:02:32>> order submitted.
- 2:02:33>> The way that I trade accounts is like
- 2:02:39not good for
- 2:02:42a beginner and not good for copy
- 2:02:44trading. And by the way, like
- 2:02:47there's a delay for YouTube. So there's
- 2:02:51probably like a 7second or 8second delay
- 2:02:54for YouTube. And in a fastmoving market,
- 2:02:57I mean, that can be the difference of
- 2:02:59like 15 points. And you got to also
- 2:03:03understand that like when I'm trading
- 2:03:05evaluations
- 2:03:07because I'm up on the month for payouts,
- 2:03:10I'm willing to use profits and risk it
- 2:03:15on um
- 2:03:17on evals on like subpar setups just to
- 2:03:20try and get more funded accounts to go
- 2:03:23into the next month better. Right. So
- 2:03:26>> order submitted.
- 2:03:28>> All right. So we got taken out of that.
- 2:03:30Oh, we still have one contract.
- 2:03:31>> Build,
- 2:03:33>> but yeah. So, like
- 2:03:36the way I trade evaluations,
- 2:03:39you should probably not copy anything
- 2:03:43I'm doing. This is not financial advice
- 2:03:45because I don't care if I blow an
- 2:03:48evaluation. Basically, it's just like
- 2:03:50part of this gamified proper f version
- 2:03:53of trading. You're going to blow
- 2:03:54accounts and as long as you're getting
- 2:03:56payouts, it doesn't matter. And since
- 2:03:58I'm getting payouts, it doesn't matter.
- 2:04:00I'll blow accounts. So, I just don't
- 2:04:02want you guys to like follow a trade
- 2:04:04that I take and then end up like that
- 2:04:06one, right? And then end up like being
- 2:04:08down on your funded account and being
- 2:04:10like, "What the fuck?"
- 2:04:12So, I hope no one took that. But if you
- 2:04:15did, my bad.
- 2:04:18All right, so recap.
- 2:04:20We kind of didn't really do anything
- 2:04:21today. We kind of like um
- 2:04:24we kind of ranged a little bit. It was a
- 2:04:27pretty decently decent sized range
- 2:04:29though. So when we came into here, we
- 2:04:33tried to take a long position. It popped
- 2:04:35up a little bit. We moved to break even
- 2:04:36on our funded uh on our eval. It hit us
- 2:04:40out of break even. And then once this
- 2:04:42candle opened up, tested the PC, we went
- 2:04:44short. We hit profit target on this one
- 2:04:47on
- 2:04:49this account. And then um we kind of sat
- 2:04:52here. We didn't really do anything. And
- 2:04:54then we try to trade another evaluation
- 2:04:57account which is
- 2:05:00this one.
- 2:05:02I'll show you.
- 2:05:07All right. So, you see this account
- 2:05:08right here that we just lost $980
- 2:05:13trying to anticipate a breakout to the
- 2:05:16downside. It still has a positive
- 2:05:17balance, but that ate away half of the
- 2:05:20draw down. So like basically the way I
- 2:05:23trade evals, there's one trade left. I
- 2:05:27usually give myself two losing trades on
- 2:05:28eval before I blew it blow it. So
- 2:05:32there's like one trade left on that
- 2:05:33account.
- 2:05:35So
- 2:05:38not a bad day for me.
- 2:05:41Hopefully tomorrow
- 2:05:43it's a little bit better and we pass the
- 2:05:47uh
- 2:05:50two top step accounts that we're working
- 2:05:51with right now. This one and this one.
- 2:05:56And then maybe we trade our funded
- 2:05:57accounts. Hopefully Alpha Futures takes
- 2:06:00my payout and then gives me back my
- 2:06:02account so I can trade it tomorrow.
- 2:06:06And then we'll just continue to work on
- 2:06:08evaluations this week. This week I'm
- 2:06:11mainly going to be working on
- 2:06:12evaluations.
- 2:06:14So if you're going to watch me trade
- 2:06:16this week, just understand that like I'm
- 2:06:18going to be sizing kind of heavy and
- 2:06:20taking kind of risky trades. Uh all for
- 2:06:23the purpose of trying to build up an
- 2:06:25army of funded accounts heading into the
- 2:06:28new year. And since we're in profit on
- 2:06:31the month with payouts versus fees, we
- 2:06:33have the room to do that. So, if you
- 2:06:36don't have any payouts or you're not net
- 2:06:38positive on the month, do not trade
- 2:06:41evaluations the way that I trade
- 2:06:42evaluations. Just like take your time on
- 2:06:44them and wait for actual good setups, I
- 2:06:47guess. I'll try and
- 2:06:50what I'll try and do is I'll try and
- 2:06:52make sure like because I do understand
- 2:06:54that even if I tell you guys not to take
- 2:06:56the trades that I'm going to take,
- 2:06:57there's probably going to be somebody
- 2:06:58watching this who is just going to take
- 2:06:59the trades that I take regardless of
- 2:07:01whatever the [Â __Â ] I say. So, um
- 2:07:06I'll try and uh
- 2:07:08I'll try and let you guys know before I
- 2:07:10take the trade
- 2:07:12if I would have taken it on my funded
- 2:07:14account or not. None of the trades we
- 2:07:16took today I would have taken on a
- 2:07:18funded account. Like I wouldn't I
- 2:07:20probably would have sat here all morning
- 2:07:21if I wasn't working on evals and just
- 2:07:23watched all this happen. And actually
- 2:07:25probably around when we got up here I
- 2:07:27would have just logged off because
- 2:07:28volume started dropping off.
- 2:07:31blew six emails today. Sheesh. Hey, it
- 2:07:34happens. It happens.
- 2:07:37It's just part of the game.
- 2:07:40Hopefully tomorrow's PA will be better.
- 2:07:43But um
- 2:07:47not too bad. I'll catch you guys next
- 2:07:49time. If you want to join the Discord,
- 2:07:51click the link in the bio. It's free.
- 2:07:53You might win an account. We give them
- 2:07:56away. I just gave away two accounts last
- 2:07:58week. I don't know when the next
- 2:08:00giveaway will be, but they just happen
- 2:08:02randomly whenever I feel like it. I am
- 2:08:05going to do a giveaway when there's a
- 2:08:06thousand members in the Discord. Right
- 2:08:08now, there's about like 700, so but I
- 2:08:11think we it's I think we'll probably get
- 2:08:14there pretty soon. But if you're going
- 2:08:16to continue to trade, be careful because
- 2:08:18this is kind of [Â __Â ] And uh it's
- 2:08:21better if you just save your capital and
- 2:08:22we'll come back tomorrow. So, I'll catch
- 2:08:24you guys. Peace.
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