Live Futures Trading | Oil | MNQ Gold

[00:00:41][snorts] [snorts] [snorts] [snorts] [snorts] [snorts] [snorts] [snorts] [snorts] [snorts] Hi, Mick.

[00:13:37]What's a mega [laughter] just took a trade and then got out break even. [snorts] >> [snorts] >> or just above break even. But same same.

[00:14:12]Oh, in what language or is it like just a special word?

[00:14:33]>> [snorts] >> There's buyers coming in. [snorts] Um, but price isn't really reacting to them as as I would expect.

[00:14:50]So, Oh, Spanish. That's cool. How'd your trading go?

[00:14:59]Your last trade [snorts] >> [snorts] >> My last trade is still running. I took a loss on the trade before that. Yeah.

[00:16:14]Yeah. Was it still valid like your stop loss and everything, Mick, or did you have it tied up because of the big range?

[00:17:01]>> [snorts] >> I just don't really like the way price is moving and I'm wondering if kind of the IPO's priced in. people bought, you know, NASDAQ knowing it was coming and so we haven't got the reaction that kind of we were expecting out of out of it. I'd love to hear your opinion on that, Mick. Same stop size, everything.

[00:17:36]Okay. Yeah. Yeah.

[00:17:50]cuz right now [snorts] my trade is technically still valid, but I just didn't like the way the tape was moving and that. So, I went break even instead of, you know, taking my stop.

[00:18:08]Like just seeing a lot of buyers come in, but like nothing actually happened.

[00:18:18]Lot of absorption.

[00:18:24][snorts] Euphoria kind of bullish move based in IPO retail traders started buying.

[00:19:21]Yeah. Yeah, I think that might be the case. So, it's actually priced in And that's why we've basically, you know, we haven't really like, yeah, we had a bit of a move there, but Oh, actually that was yesterday. Sorry, was a 30 minute chart.

[00:19:45]Like, we haven't really had that much movement.

[00:19:58]Hey, as a trader, how are you?

[00:20:01]How did you go with this IPO?

[00:20:07]All right, buyers are getting some reaction now.

[00:20:23]Can't really hold it though.

[00:20:32]I'm going to give this a shot. Um, just to kind of give a bit of uh info.

[00:20:43]Where are we?

[00:20:45]Um, I entered the trade basically around that same area. It's actually now I've just entered a little bit higher. Um, but that's all right. Um, trade still technically valid, but exited break even around here because I didn't like the way it's looking. But we're actually got a bit more volume actually coming in on the buy side now.

[00:21:03]Just whether they can actually hold that Just don't love the way it's like acting at all this morning to be honest.

[00:21:57]H I just don't even have like the the how do I express it? The confidence to stay in a trade. See, look at that. Like we had a lot of sellers just come in there and and price is also reacting to those sellers too.

[00:22:16]um genuinely might consider a short.

[00:22:22]Um [snorts] we just had a peak of volume on that one. We had massive absorption on that candle, too. So, just waiting to see what's going on.

[00:22:29]Hey, girl. How you doing? Oh, Nathan, I didn't realize you messaged. Uh good morning at work. Thought I'd drop in.

[00:22:37]Got your Instagram message. Oh, sweet, sweet, sweet, sweet.

[00:22:41]Um been a great day. I had so much fun during London, but can't complain. I'm thinking NQ Market is looking for anything positive to make a short squeeze. Yeah. Yeah. You know, probably like getting out there might have been too premature, but I I didn't like the way that that candle peaked in volume and then we got a ton of sellers uh right on that one. And just tape just isn't really holding up. um like you see absorption happen and then you know has a little bit of a move like we did here and then it's just straight back down. I'm just not like right now we're just jumping in and out basically break even.

[00:23:30]Don't love it.

[00:23:40]>> [sighs] >> Um because of the somewhat buying during the New York session, we I think we may see also a bit of like a fade into the to the close, people taking profits maybe um and kind of because we didn't get that reaction that we kind expected from the IPO. Possibly people are wanting to get out. I'm not sure.

[00:24:19]If the war deescalates just a little, the bulls are going to run. Yeah, for sure. I think it's just really confused right now. I think the IPO and and all of that is just um Yeah.

[00:24:34]We are getting a bit of absorption. Like this whole area on the footprint chart.

[00:24:38]I forget you guys can't see too much of that screen. Let me just This whole area is getting a lot of absorption. Um sell absorption here. Buyers stepped in. Sell absorption here. Sell absorption here.

[00:24:51]Buyers stepped in. Sell absorption here.

[00:24:53]And we're still holding above. So it looks good. That's why I've got this line here cuz it looks like, you know, the absorption for the most part's occurring below the line.

[00:25:02]Um but who me? Mimick.

[00:25:21]I'm so sad I don't trade London anymore.

[00:25:24]But like at the same time, the price action just like is so much better in the morning session. And I would burn out if I did both.

[00:25:35][snorts] And I wouldn't burn out because I don't want to trade. I'd burn out because like my full-time job, Guy, how did your trading go?

[00:26:16]I'm kind of annoyed cuz this might be the move now. And the problem is is it's going to be higher up. So my stop's going to be wider. And if it's not cuz look what we got a little bit of like a a thing happening here.

[00:26:34]It really could go either way.

[00:26:37]Oh, you're currently short on SpaceX.

[00:26:39]What's your thought process behind that, girl?

[00:26:43]Not great today. Took a bath on oil. Oh, do you work at an oil rig, girl?

[00:27:21]Hey Cash, how you doing? My thought on SpaceX is that it is a meme stock.

[00:27:28]Yeah, I heard the the like the business itself isn't doing well.

[00:27:39]or it hasn't like it's I don't know if that was just like somebody to Yeah. 35 billion in losses.

[00:27:46]Yeah. I was going to say I don't Yeah.

[00:27:52]Um, I wasn't sure if that was like just talk or or what, but I haven't done my actual research on it. I'm not huge on fundamentals. G, are you do you do a lot of fundamentals? Like you read into that a bit.

[00:28:25]Oh, that's good cash. How was your trading? Oh, [ __ ] [music] Totally missed that.

[00:28:32]Fair. A lot of buyers filled in at 692, but wasn't able to hold above.

[00:28:44]I reckon we're going to fade to the downside to the end of the session and then probably Monday morning head up. O, do you guys do you guys remember yesterday I said with gold I reckon it's going to open and um pull back to a EMA and then go up.

[00:29:07]Does anyone remember when I said that yesterday?

[00:29:30]I just don't love this price action.

[00:29:34]We don't really have any like it's quite fast and choppy action. We don't really have much momentum to one side at the moment.

[00:29:46]I want to catch the move, but at the same time, it's not really acting the way I want to. So that's why I've gone break even twice now.

[00:30:13]Decent size sell orders at 680.

[00:30:32]Not me. massively every every now and then. Yeah. Right. Yeah. Its valuation isn't convincing enough to be at competitive table with Amazon kind of a valuation. Yeah. Right.

[00:30:45]So why is it that's what I don't understand.

[00:30:51]Been waiting for a setup and long will enter Monday. Nice. Good patience cash to be able to wait over the weekend to actually enter a trade that you're thinking about. That's good control.

[00:31:22]Another peak of the five minute volume here on this candle. I just want to see, you know, if we get sort of like absorption and buys step in again. We're kind of below that 674 level There's sellers at 653 holding above.

[00:32:34]Not anymore.

[00:32:59]They don't even have an answer to that.

[00:33:03]Oh, Um, I'm keeping an eye out for for a I guess a strategy or a setup that I may be able to trade. Um, and it just happened here where essentially you kind of get the long setup early on, you know, the higher low. Um, and then you normally get like you get the chance to get in on the peak of volume here like I did at first and try it again. um both obviously didn't didn't play out went break even. But what happens is that setup happens first and then you get a peak of volume on the way up. Um if you see on that one where I said it peaked a volume on this one, it didn't feel right. So I got out break even.

[00:34:16][music] Um realistically, you know, we've got two really bearish bars here on the 30 minute. If you have a look at um this one, if it were to peak volume, I like to call it right now. This is what I'm calling it right now. I call it the fake [music] where it like fakes out the setup basically. Um and and really flushes the other way around once it happens. um the I just haven't got like the you know how I really see it and really see it in real time because I notice it and I normally won't take the prior setup or I'm um very risk off like how I was where I'm taking break evens cuz something just doesn't seem right like the price action isn't behaving um and the tape isn't behaving as like you would expect it to behave. Um but then but then I miss that that and and kind of reversing it. So I'm just trying to work out how to actually approach and execute on that one. Um and I'll probably have to like back test it just to kind of get like practice and and understand how to um identify it.

[00:35:38]for a scalp for a swing kind of frame.

[00:35:41]The context makes a world of a difference why they don't even have an answer for that. Massively overvalue launch. I don't usually swing, but this is one I'm thinking about holding if we get a decent draw down.

[00:35:59]My bouncing a see a cash that was a quick one.

[00:36:07]Oh, that's tax and Q my London. Despite the low conference of the source of evaluation, the private investors have been locked in by a contract, meaning they aren't allowed to sell their stocks before Oh, from IPO. That's interesting.

[00:36:30]I didn't realize that happens. Mick, how did you find that out?

[00:36:38]Is that like verified like information there? Cuz otherwise I want to pin your comment just for everyone like that joins and whatnot.

[00:37:01]Um, Guile, do you short like small caps or something? Like you see you sound like a bit like a like a small cap type of type of guy.

[00:37:16]They said online they can't sell this.

[00:37:18]Yeah, right.

[00:37:29]I'm so glad I was able to be like objective in those two trades and go break even.

[00:37:43][snorts] Okay, now that we wait for this to do whatever it decides it wants to do, I want to talk about gold. I don't know if you guys remember, but yesterday I mentioned, well, seeing this happen, I was like, gold's just messing around like I'm probably not going to take a trade today. But I have a feeling on the open it'll come back down, test the 21 moving average and pop up through this level.

[00:38:22]I hope somebody remembers me saying that yesterday. I love calling [ __ ] like that and then like looking at the charts later and going called it. Holy [ __ ] I was not expecting NASDAQ to do that.

[00:38:40]What are we wrecking, guys? Liquidity sweep or manipulation?

[00:38:51]I don't really want to get in it to be honest.

[00:39:07]Oh, big seller order at 6. So, sell order of 140 contracts filled at about 646 646 645. Moved a bit too quickly for me there.

[00:39:37]>> [snorts] >> Technically, I've got a short setup right now.

[00:39:53]Um, do I want to take it though?

[00:39:59]It's a lot of risk.

[00:40:13]Um, another big 44 lot fill at about 638 and holding below.

[00:40:46]I heard from news channels either on YouTube or Instagram. Let me get you a proper source for that. Give me one.

[00:40:52]Yeah. Okay. Cool. Cool. Um, I came from crypto, so my risk tolerance is classified as degenerate. [laughter] Hey, Hash. How you doing?

[00:41:10]Technically, I do have a short setup here and I could take it. Um, it's just there's a lot going on right now. So, I just kind of want to see, you know, if it does continue, if it does build momentum, but it's being pretty like I would have to put my stop all the way up here. That's a $150 loss, but we've with, you know, but like, who knows? price could come back down here and then really give give it a more for liquidity right now. I don't know.

[00:41:54]Sellers coming in and being rewarded.

[00:42:04]Oh, I just don't know. I don't like it.

[00:42:06]Something doesn't feel good about it.

[00:42:12]It doesn't take insider dumping to depreciate a price once. So, what does it take girl?

[00:42:19][snorts] Did you short? No, I didn't. Um was discussing how I I've got a specific trade that I could possibly short on it and the setup did appear. Um I actually tried to long here and here, but got break even both of them just because price wasn't looking right. And thankfully I did cuz we did um yeah it did come back down. So basically break even for the day. Maybe a couple dollars up I think at best.

[00:42:50]I saw this post on X during the morning.

[00:42:53]SpaceX cafeteria workers poised to become millionaires after Blockbuster IPO.

[00:43:00]100 employees set to hit seven figures.

[00:43:03]What?

[00:43:09]I managed to get Well, that's awkward.

[00:43:15]I managed to get a couple space exting the long run. What's your plan?

[00:43:26]Yeah, I could look below.

[00:43:33]Yeah. Yeah, 100%. Yeah, that's what I'm thinking. Um, I was kind of saying before I have this setup that I keep noticing, but I haven't quite got a strategy, I guess, behind it. You know, if you've been watching me, you know, you know, I'm support and resistance, right? But there's this strategy that I'm noticing where if, for example, we've got something like this where you had the higher low, we've got the peak of volume on the move down. We had buyers step in. You know, I'm stepping in here and just something doesn't it doesn't move. it's like there's a huge lot of sellers still sitting above um and then it'll happen again. So obviously try it again here once we started getting buyers again cuz at the end of the day it's still at my entry level and I did it was still valid cuz my natural stop was here at 605. So [snorts] because of that I was able to jump back in and then again got out break even because again we just like we peaked a volume on this candle and it didn't go anywhere and sellers came in right away.

[00:44:30]So, I jumped out. Um, because of that, I didn't want to take the long or stay in it. But what I like to call this setup that I'm seeing is called the fake where that happens. We we have the peak on the one candle upwards and we flash down very soon after that. Like I mean, normally the next candle and that's kind of what we saw happen. It wasn't the next candle, but it, you know, we went bearish basically from that candle onwards. Um, definitely seeing that happen. I don't have any like full, you know, where to put your stop, where to do this, where to do that because often times it'll happen at the top of the uh my level.

[00:45:15]Um, so it's like I can't just like, oh, I don't have a stop above this level or, you know, where does my stop go? So, there's a few things that I don't have um set in stone with it yet, but I'm just kind of uh reminding myself to take note when it does happen.

[00:45:34]was thinking of riding up the hype shortterm, selling next week and then buying probably several months from now. Yeah, that might be the way to go. Hash, I I personally think ENQ had it already priced in. People knew it was coming out, so why not buy, you know, NASDAQ before it shoots up, you know? So I think I think everyone was expecting possibly like a big pump on the IPO, but like realistically we didn't really get much at all. Like I wouldn't consider that as a huge movement.

[00:46:08]So [snorts and gasps] like look at all this buying from here.

[00:46:14]But that was yesterday.

[00:46:35]But the price has already come down to my entry anyway. If anything is able to say I bought the IPO.

[00:46:43][sighs] Is it your first IPO? cash my go-to setup. Uh break out of balance trades.

[00:46:55]Okay. So, like break out of consolidation.

[00:47:00]Yeah, for sure. Um love love when I see that. And that's kind of what looked like was going to happen here, but not quite.

[00:47:12]I've been in some many coin releases that has lock up on gone to near zero before that. Oh people that's an interesting way to look at it.

[00:47:38]That's an interesting perspective though.

[00:47:57]I heard someone say a little while ago, this probably doesn't help with what we're talking about, but it says shorting is always riskier. And I thought, how? Like it's either up or down. like why is shorting risk riskier?

[00:48:08]And the reasoning was shorting your your upside is only ever 100%.

[00:48:19]Only ever 100%. Because it could go to zero, right? But your risk is technically, even though you got a stop-loss, it's technically infinite because that stock could just go up and up and up and up and up and up and up.

[00:48:34]So your your risk is infinite. Whereas the other way around, if you're longing something, you know, your risk is 100%.

[00:48:44]Your profit or your reward could possibly be infinite.

[00:48:50]So, I thought that was a really interesting way to uh to explain lots of volatility and market balancing happening around that time selling the ENQ to buy SpaceX etc. Oh, so you reckon the volume's just switching over from ENQ to SpaceX?

[00:49:18]How would that make sense though? Cuz ENQ holds SpaceX. So even though if it moves and people are buying SpaceX, I guess that's why it's going Yeah, right. That kind of makes sense.

[00:49:33][snorts] This is like the first IPO that I've really given a [ __ ] about to be honest.

[00:49:40][music] I'm not really a news trader though either or like a fundamental.

[00:49:45]Yes, I use 30 minute inside bars more along the lines of market profile concepts. Oh yeah, I love market profile. Um I don't use it in the concept you see all over social media, but if you can see on the footprint chart, you basically have volume profiles all over it, right? I I'm obviously a scalper, so I wouldn't be looking at a huge, you know, volume profile. I actually look at singular candle profiles. So, for example, if I've got like a trade, you know, going in my favor for it to come back up. See how it taps this um I guess value range up here of this candle and then continues down that holds it.

[00:50:27]Um so, that's kind of what I use it for.

[00:50:30]If like a trade's going my way, for example, I don't want it to break the previous volume area. Um so, like this one went up, we've got a volume area here, it broke it. that would be concerning for me, but absorption happened here, so I would have likely held. And as you can see, a lot of the volume areas actually kept moving higher rather than lower after that point.

[00:50:53]I hope you guys can see that and understand what I'm talking about.

[00:51:00][snorts] Which is why I didn't rock it. Pardon the pun. [laughter] cuz the charges are constantly balancing the books. And just because it's trading doesn't mean it suddenly all gets bought and sold at once. Yeah. Yeah. Right.

[00:51:20]That's why I prefer swing swinging longs compared to shorts. I'd rather intraday shorts. Yeah. Well, that's why I just don't like swinging in general. Swinging in general gives me anxiety.

[00:51:43]And Q is an index, so it's backed by the top 100, but it's still independent. The backing is the arbitrage process. Got it. Did you see the other three stocks join the NASDAQ?

[00:51:57]No. Which which ones is a trader? What are you referring to?

[00:52:31]Oh, that's interesting.

[00:52:37]That's super interesting, Mick.

[00:52:45]I love that you screenshot it and you didn't make me just fully go into the link. [laughter] That's like a real one right there.

[00:53:05]Hey, Liquid FX. It's been a while. How are you?

[00:53:13]Also, collapsing trader, I don't know. I feel like I've seen your your username before, but please remind me.

[00:53:26]I don't know. I don't I feel like I would have like asked for your name cuz collapsing trader is a super long username.

[00:53:59]I reckon we might just get a fade into the to the close.

[00:54:16]Although the 30 minute is is still going strong for an upward move.

[00:54:45]Oh, these tickets are being added to before the 22nd after next week when the quarterly rebalance goes.

[00:54:58]Right.

[00:55:03]You're in a trading session. Ain't nobody got time to read a whole Yeah.

[00:55:07][laughter] literally, mate, I feel like that all the time. I'm glad I'm glad you considered me in that.

[00:55:24]I was going to say, but okay. Well, we need to give you a name because I don't like your username and I'm pretty good at remembering people.

[00:55:33]I need to give you a name. What's your name? Or like do you have a nickname that you like that's not super long.

[00:55:47]Decent amount of absorption happening here, but not that many sellers coming in.

[00:56:32]Hey. Yeah, interesting trading session.

[00:56:34]Um, took two longs. Both out at break even. Price and the tape just haven't been, I guess, reacting how I expected it to.

[00:56:48]Possible short setup. Um, don't love how strong the 30 minute is though. So, let's just see how that 30 minute closes.

[00:57:21]Rome. Oh, no way. Is that act your nickname? Surely not. Is that actually your name? Rome.

[00:57:35]Screw. I'm short. 4150.

[00:57:38]Wait. short on the the SpaceX Rome.

[00:57:48]RJ, I feel Have you been in the live? I don't feel like you have been.

[00:58:00][snorts] This is a tough thing because I feel like this was just a move to take liquidity, but I don't just want to enter. I want it to come back, but it may not come back for a peak of volume before I can then enter cuz I really want somewhere to put my stop.

[00:58:19]And even then, it's going to be wide.

[00:58:34]The sellers are as strong though. Yeah.

[00:58:36]No, I agree. I think both sides I'm considering that this move was just for liquidity before a move up. Um but I kind of want to see how this 30 minute closes because if you look at the 30 minute, you know, there's so much confusion right now. We've got an up move in quite strong, you know, large wick to the bottom. And we have two wicks to the upside here. Um, and I saw, you know, so, but like as per Al Brooks, um, he talks about, you know, how you have a move up and you've got the high one, high two, um, before it then continues. So, we could see a measured move something like this. Oh [ __ ] Well, I guess I can show you with this um, a measured move, you know, up to here.

[00:59:19]Kind of take the liquidity of this high.

[00:59:23]It could be done, but right now like I I've got no no real 100% on any directions is what I would say. Mick, that's why I'm kind of staying out. Yeah. I like you're thinking of your stop and the candle close before entering. Yeah. Always.

[00:59:42]Always.

[00:59:52]like this, you know, it's respected that 21 moving average.

[00:59:59]So, and that's a pretty hectic wick right there. Like to me, that move and it spiked on the way down, too. That move was just to take liquidity below this low before moving up.

[01:00:16]And if you have a look, I've got another strategy with the 50% retracement. Look how bang on a 50% retracement that is.

[01:00:25]50% retracement trade. I will go like that and trade the measured move up to this level. So that all being said, a lot is lining up for me on the long side, but I don't actually have a setup to take right now. Like but we haven't had a close below this level. We had this one, but we haven't had, you know, since coming back and obviously respecting this level, like it's still respecting it. We haven't had a body close below this level um after this move up here.

[01:01:07]Now, it's just about, you know, actually getting the opportunity to possibly trade it.

[01:01:19]It's coming back down, touching. I I just want to show my footprint chart for a second. It's came back down, touched that um volume price area and and buyers stepped straight back in with a little bit more uh you know, oomph. So, let's just see if it can hold up cuz we're still getting a lot of sellers right now.

[01:01:40]It's kind of going a bit wild. Uh 55 buys at 660 and currently holding below.

[01:01:49]I've got a peak of volume there set up there. Can I get a continuation though?

[01:01:58]I don't love the price action. I really like it's not the best.

[01:02:13]I've got all the buy signals though that I need right now, but I'm not getting the follow through on the tape. We just had a 54 lot order um at around 660, but we're still holding below. So, I'm not getting the tape's not signaling for me to buy in.

[01:02:30]done a little paper trading. Really want to get into swing trading and some day trading. Oh, so how long have you been trading, RJ?

[01:02:40]And what what have you been focusing on?

[01:02:42]Like what tick is so far?

[01:02:56]This is why I love the tape because although my setup's appeared, it hasn't like given me reason to enter based on the tape.

[01:03:04]Oh, it's going to be wide.

[01:03:30]kind of really need to see it pop back out of this value area.

[01:03:37]And it hasn't.

[01:04:08]Trying not to be impulsive here cuz when you're just watching the tape to show you anything, sometimes I feel like it can get impulsive and just jump in at the slightest hint of it going bullish.

[01:04:18]And I don't really want to be doing that with how price is [music] acting.

[01:04:30]Decent amount of sellers came in at 670.

[01:04:34]Currently holding above.

[01:04:41]I personally think that move was full liquidity.

[01:04:49]All right.

[01:05:19]It's a wide stop.

[01:05:22]Where we got to be?

[01:05:32]But you know what? I feel like I've thought the trade through.

[01:05:49]That was a lot of push there.

[01:05:57]Doesn't feel the best.

[01:06:00]It's I always dislike when I enter and straight away it goes into a bit of a draw down. Don't love that.

[01:06:13]Hey, you know what? If you haven't been to catch a good move base, next week we have triple witching day on Thursday. It's going to be a wild one, two, six, and three month. Oh, okay.

[01:06:32]on Thursday next week.

[01:06:40]I love the fact that you trade futures anytime basically. Mostly still paper trading working. Yeah, I agree.

[01:06:45]Especially for someone um in Australia.

[01:06:47]Definitely.

[01:06:49]It's definitely a bonus for futures for sure.

[01:06:53]Been watching oil and gold. Yeah, same.

[01:06:55]But lately in this morning session, they don't move as well.

[01:07:04]Uh not feeling too bad about that move down. Um you know, if it comes back to retest the sort of value area, that's fine. But you kind of want to see it pop straight up after it comes back to that value area.

[01:07:18]If it doesn't, I may just close the trade at a small loss. prefer to protect my downside to be honest today cuz price isn't behaving um exactly to be expected.

[01:07:35]There we go.

[01:07:37]It seems like we're trying to pick up momentum on the upside here. 30 minute looks strong right now.

[01:07:46]Did I speak too soon?

[01:07:55]If you miss a big move, there's always another event to Yeah, for sure. As long as you've got good risk management.

[01:08:01]Yeah, for sure.

[01:08:03]Definitely. Definitely like risk off.

[01:08:05]Obviously, I'm forced to um risk a bit more because, you know, you can only trade one contract and you can't go smaller than a micro. So um just about managing it and uh looking at it and just want to see something really quick cuz technically which I hadn't really noticed but technically this is now a valid level cuz we broke the low of this uh we've had a 30 minute move here.

[01:08:38]We've pulled up and then we've actually broke it. Technically, that's a level.

[01:08:43]So, what I just want to watch around that 685 mark. Um, I kind of want to see it hold above. Oh, that's literally where I entered. Oh, that's not a good sign.

[01:09:00]Okay.

[01:09:13]I really want to see it hold above 685.

[01:09:23]Hey Clarity, how did you go trading today?

[01:09:46]Nice big buy order at 695 and still moving up which is good to see.

[01:10:06]would love to see his candle uh close above this line here. Um just cuz we obviously had that sort of consistently hold that line. Um, your trend traders probably would have entered by now, I imagine.

[01:10:45]I don't love days like this. I feel like um the days like this are very stressful where tape isn't as clear.

[01:10:58]Um the direction isn't as clear. Price isn't acting as we expected.

[01:11:08]Getting a bit of sellers coming there.

[01:11:11]Prices stalled. absorption of buyers at about 29700.

[01:11:18]Want to see it hold above.

[01:11:20]Um, let me know if you guys cuz I know some people love to know how to read the tape. So, let me know if when I talk through what I'm thinking if it's just annoying to you guys because you don't look at the tape or if you like actually enjoy it and just like seeing how my process is happening in my brain.

[01:11:46]like would would generally love to know like what you guys uh like think about that.

[01:12:16]Thinking of going flat here.

[01:12:20]Don't love the amount of selling coming in right now.

[01:12:35]>> [snorts] >> those sellers did get absorbed and we're still in the value range. So, I want to see it break out again. Now, that will make me feel a lot more confident in the trade.

[01:12:59]Come on, hold above.

[01:13:10]Okay. Yeah, RJ, you like to see the process? Yeah. Cool, cool, cool, cool.

[01:13:15]The tape is interesting. I don't get to see it outside [music] of streams because I'm a cheapkate. [laughter] It's not too expensive, you know?

[01:13:26]I think it's like I I could never I could I literally don't think I could ever go back to trading without it.

[01:13:39]All right, I'm going to start closing in my risk. So, I've just brought up I should I should always put the trade on the candle chart. Where have I entered?

[01:13:47]68550.

[01:13:51]Stop is now just below this low.

[01:13:57]Need to pull it up a tad.

[01:14:00]Oh, no. Down a tad.

[01:14:06]It's at about 64625.

[01:14:13]I really hate how I have to make it so big just to actually make it accurate for you guys.

[01:14:21]O didn't hold above very long.

[01:14:29]uh don't love that if I'm being honest because it shows that the 30 minute to be honest doesn't it possibly won't sort of close above I would love to see the 30 minute close above this um this I don't think I'll let this trade go back into a loss um so if it starts really coming down.

[01:15:06]A lot of buyers there at about 706.

[01:15:10]Um, but currently holding below I think it's good information because I believe everyone should understand a little bit on what how the tape works.

[01:15:51]Yeah, for sure. Do am I explaining it good enough? Cuz I'm just basically calling out that you know you see orders filled but like for example we just saw a large sell order filled at 70175 with 52 contracts. Um but currently we are holding above that which is a very good sign on the long side and we're seeing buyers step in. Um seeing aggressive buyers step in as you can see here. Um, decent lot sizes, 24, 19, 10, 22.

[01:16:19]Um, I don't know if you guys saw that. I said it's a good sign that we just saw that huge sell order be filled, but price not move and then it go up.

[01:16:35]Um, is it still in an overall uptrend? Well, technically kind of. Yeah. like we are um and I'm looking at you know this sort of range we're in and we're tapping this sort of top of the range. So yeah, technically I just think like you know we're starting to come to the end of this session. I really would love to see this 30 minute candle close very strong.

[01:17:04]Um if it doesn't you know I probably won't enter into any trades. Um, even just some you can tell it's a grind currently for this move up. It it's just not finding that like momentum we normally see if you've been on the live.

[01:17:19]So that's why I'm super risk off. That's why I probably would go um flat if it, you know, gives me any indication that I should probably just get out of the trade. It's also why I'm watching it pretty like heavily. If you've noticed, I've been watching the tape a fair bit because I really need to manage this trade um and manage my risk more heavily today just with how things um everything going on is kind of where my head's at.

[01:17:49]I want to get into get good at trading so I can pay for the better tools. I I could do the better tools to get good at trading.

[01:17:59]Oh, for sure.

[01:18:01]Yeah, Hash, I think, you know, I don't necessarily think um there's better tools. I mean, I've obviously got my own opinions. I think the tape is one of the I think it's genuinely the best tool if you're a scalper.

[01:19:03]I'll be back in a tick. I'm hoping that doesn't quickly reverse on me and just take me out.

[01:19:58]I wish I could stand. I'm wondering Oh, that won't work, will it?

[01:20:22]It's as good as it's going to get.

[01:20:24][snorts] Don't love the way it's looking right now.

[01:20:52]Um, just FYI guys, stop has been pulled above So it's it's definitely break even trade now.

[01:21:06]As you can see on the footprint chart, we had a lot of buyers come in here and it completely completely go against Yeah, I agree, Mick, with what you said.

[01:21:55]like you know I think it's very subjective like feeling like there's better resources out there as Mick said there's so many traders that you know become profitable using just a candlestick chart I think it's what like fits your personality for me I I and I think for a lot of women you know we're more risk off so I wanted to see more of like what's going on okay so a big drop there. Um, but we saw a lot of sellers fill at about 708. Um, and currently in 710 77, but we're actually holding above that. So, we might be just coming to touch this value range and continue upwards. Um, so right now I'm just leaving my stop just above that break even. As you can see, it's at about 691.

[01:22:52]Martian. Whoa. It's been a while since we've seen you in here. How you doing?

[01:23:05]Love to see those buyers step in. But as you can see there, we weren't able to hold price above that for very long at all.

[01:23:18]Sometimes a slow grind is a good grind, though.

[01:23:24]Sometimes a quick move can make me even more anxious because it can mean that it's just like a liquidity grab.

[01:24:05]Oh, it's past midnight there. Oh, no.

[01:24:09]That's so sad.

[01:24:13]I'm actually really sad about that.

[01:24:14]There's so many OGs that I absolutely loved in the old session that now I don't get to speak to because of the time frame change.

[01:24:29]I trade well today capture more than 1,000 points.

[01:24:34]Uh what NASDAQ this seat is like ridiculously uncomfortable for me this morning.

[01:24:47]Ah big sell order of 51 filled at 709 and holding below and a lot of momentum there. Don't love it.

[01:25:06]It could just be coming back down to touch this uh I just want to give this a bit more room cuz I'm actually not inside.

[01:25:34]Normally at 6:45 I exit a trade. So I guess we'll just wait it out. We either get tapped out at break even then or a little bit more in profit. I can't imagine, you know, we get a big spike right at the end of the day here. So, I think this whole trade is going to be a bit of a grind.

[01:25:54]Nice. 100 points at AQ.

[01:25:59]Yeah, volume is disappearing now. Yeah, agree. Hash.

[01:26:03]Yeah. So, it's either going to be break even or we just grind and I get out to a certain level of profit. But I think I'm probably it's going to be break even by the looks.

[01:26:16]It's not really wanting to respect this um this value area here. So, I could give it more room, but I don't really want to and don't really feel like I need to either Oh, nice. Respecting the zones that you drew. So, what's your sort of take on drawing zones, hash?

[01:27:21]Okay. Cool. Cool. Yeah. Keen to see like keen to see how you uh trade up your zones as well.

[01:27:28]Trade up your zones. Drop your zones.

[01:27:30]Sorry.

[01:27:39][snorts] >> [snorts] >> So many buyers just got absorbed there at about 700 29 700 typically 52 too.

[01:29:09]Yeah. Yeah. I find 30 minute works extremely well and it just gives you a nice amount of levels and and you know for for like a two hour time frame that I trade it just gives you I feel like you know a good amount of um opportunity and looks like it's just going to keep falling I think into into the close now. I would be surprised if it just starts to bounce.

[01:29:44]Who me? What happened? All good to me.

[01:29:49]There we go.

[01:29:52]Out of that trade. Three basically break even trades.

[01:29:57][sighs] What a uneventful morning.

[01:30:02]could have technically got in here, but that that was just I didn't like anything about any of that uh this week. Yes. In profit berry.

[01:30:17]Yeah.

[01:30:40]Do you guys hear the order fill by the way? Does it come through to the live?

[01:30:46]That's true. That's true. We took a loss yesterday um from a little bit I feel like of an inexperiencedness on a ticker. So yeah, mental exhaustion for sure watching it.

[01:31:05]So yeah, got to make sure I'm actually out of any stop losses. Don't make that mistake again.

[01:31:16]Oh yeah, the auto. Okay, cool. Cool. I can't hear it cuz it comes through to you guys and cuz I've got a mic on it like blocks it.

[01:31:26]All right, guys. I [laughter] [clears throat] Jeez, voice crack. Um, I am going to head out early today. Um, cuz there's no point me taking a trade in the next 15 minutes, heading to close. Price obviously doesn't want to move. So, um I think we can all say that, you know, managed risk okay today. You know, really was just on it about managing it.

[01:31:55]Um that's all I can say is what we did well.

[01:32:08]Yeah, you too guys. Um enjoy your weekend. you know, look back at your journal. You know, even if you've journaled your trades, I always say it's always nice to like just flick back through them, remind yourself of like what you want to improve on in the next week, what you want to continue to do.

[01:32:23]Um, and I will see you guys your Monday, but my Tuesday, and we'll do it all over again.

[01:32:33]Yeah, Martian worked on the Discord. Um, message me on Diary of a Novice Trader on Instagram. Um, and we'll chat about it. Um, if you had a wrong reading of the market, it could be. Yeah, for sure.

[01:32:46]100%.

[01:32:50]Oh, no. Trading stoically. How you doing? Hope you enjoy Australia in the World Cup. Oh, I haven't I don't watch soccer, [laughter] but my my work colleague loves soccer, so I'm sure I'll hear about it.

[01:33:12]Oh well. Well, do you have X?

[01:33:20]Can you even message on X? I don't think so.

[01:33:24]You got to find a way to message me, dude. Cuz it's only invite only at this point in time. We don't want it to be like other, you know, uh, live streams, uh, Discord. Sorry, my brain really isn't working this morning. Um, yeah, we just don't want it to be like every other one where it's just a million people in it. You know, people who aren't nice to other people and people who don't conduct themselves in a kind way, judge people's strategies, you know, criticize too heavily, too many shoulds and should be doing this and should be doing that rather than more of like a sharing of like opinions.

[01:34:04]So, we're just trying to really monitor it and make it a really good Discord.

[01:34:13]Oh, you can tell I'm totally a Discord noob.

[01:34:21]Anyways, a thanks Mick. Appreciate that.

[01:34:31]Uh, Martian, leave your leave your Discord thing in the in the chat.

[01:34:44]I can't guarantee an ad, but just just leave your you you've been around for a while. So, and you've always been kind, so I can't see why not.

[01:35:09][snorts] Oh yes, I will do Mick. I will. I will.

[01:35:37]I will. I will.

[01:35:40]That is on my list of things to do for sure.

[01:35:50]All right, I'm just going to take a photo of that.

[01:35:54]I just don't want to accidentally add a random. Can Can you kick someone if you accidentally add a random?

[01:36:06]I'm sure that's not how it works, but whatever.

[01:36:10][snorts] All right, guys. I am I am out for the day. So, enjoy it. Enjoy your weekend.

[01:36:16]Thanks again for joining. You know, if you enjoyed this live stream, um you know, enjoy the live streams in general.

[01:36:24]Would appreciate a like. Otherwise, I will see you in the next