Live NQ Futures Trading | Order Flow & Prop Firms

[00:00:52][clears throat] All right.

[00:00:58]Opex. Opex today.

[00:01:27]And then no trading tomorrow.

[00:01:30]I don't know if it's a half day or not, but I'm not going to trade tomorrow.

[00:01:39]This will be the la the last day of the week for me.

[00:01:46][snorts] It's a half day tomorrow. Okay. Yeah.

[00:01:51]I'm not even going to I'mma sleep in.

[00:02:06]Last night, I did end up actually taking a long position right at the open.

[00:02:13]I'll show you guys.

[00:02:20]It was for like 100.

[00:02:26]>> I took this long position on the funded account for like >> it was only three micros, but it was for like 160 points or something.

[00:02:35]Bring We're bringing that account back from the dead, but it was three micros.

[00:02:40]He made like 900 on it. Watching the World Cup. I'm watching the uh I'm I'm planning on watching the I've been watching some of the games. They've been pretty good. There's the uh I think it's a South Korea game today, but I was going to watch the USA versus Australia. I think it's tomorrow.

[00:03:24]Oh no, there is no I must be looking at something else. But yeah, USA versus Australia tomorrow. Oh yeah, no, there is Mexico versus South Korea today. So that I might watch that game actually. Mexico versus South Korea. And then tomorrow I'm watching I'm going to watch USA versus Australia.

[00:04:01]Um I do usually trade. I mean I usually sit in for half days. like I'll just pay attention to it sometimes, Adam. But um I just [clears throat] I I honestly just don't really think it's going to be very eventful.

[00:04:21]I mean, I could totally be wrong. We could make like the cleanest move in the world, but yeah, I think I'm just going to choose not to um not to trade it tomorrow.

[00:04:36]start with a fresh week next week.

[00:04:44]Yeah, let me see. Um, yo, try now Ally.

[00:04:57]Did that fix it or no?

[00:05:01]Yeah, you guys. I have to make sure you guys have the uh verified roll.

[00:05:08]So, Moody doesn't have the verified roll.

[00:05:13]I got to make sure everybody has it.

[00:05:14]What up, CTR?

[00:05:18]King doesn't have it. I got to make sure he has it.

[00:05:25]There's um Here.

[00:05:34]I'm going to I'm going to put it in here.

[00:05:41]Yeah. So, the reason why is because we were changing some things around in the Discord cuz we get a bunch of bots. So, if you guys can't type in the chat, it's probably because you don't have the verified roll. So, you just got to go to that start here and you literally just click a button and then you'll get the roll and then you should be able to type.

[00:06:00]But I'm I'm looking at your guys' rolls right now.

[00:06:06]So, Deuce doesn't have it. Verified.

[00:06:14]AR Viz doesn't have it. Click verify.

[00:06:18]CTR is not verified.

[00:06:21]Yeah, but you have all these random roles. So maybe maybe that's why. No, you are verified.

[00:06:34]Whoops. Hey, King. I didn't mean to send I didn't mean to send that to you in the DMs. That was by accident.

[00:06:46]Yeah. So, I'm g this up.

[00:07:14]We will leave that there.

[00:07:17]CR0 DTE 30,750 All right. It's pretty much the pretty similar to what I'm looking at here.

[00:07:26]It's like 725. It's like 700 to 750 this morning. Um I mean, I'm looking to see if we're going to run out the highs from yesterday. And then being that it's OPEX, there might be a chance that we like like kind of what I'm thinking this morning is we may make a quick move and then potentially pin or compress heading into later into the day or we can just kind of have um some kind of volatile choppier price action today. So, I got to be careful about trying to take any type of breakouts, which was what I said yesterday, and then I took a breakout like a dumbass. So, we're going to try not to do that again. [snorts] But, if we do kind of push up, I would be expecting us to be making our way up here.

[00:08:20]Um, and then if for whatever reason we drop down, I'm going to be looking for an opportunity to bring it back up.

[00:08:37]But we're running it. We're we're running this out premarket. So, can I explain gamma level labels on my chart? start. Yeah.

[00:09:14]C1, anything with a C in front of it is just talking about positive gamma nodes.

[00:09:20]Anything with a P in front of it, it's talking about negative gamma nodes. HVL is talking about the main what Tanuki Trades considers the main gamma flip level.

[00:09:36]Even though there's typically multiple sometimes depending on the profile throughout the day. AB stands for absolute gex.

[00:09:49]How did Giani become a speaker?

[00:09:55][laughter] How how does that even happen?

[00:10:02]What up Johnny?

[00:10:06]But um COI or anything where it says OI it's talking about open interest WhatsApp.

[00:10:20]What about WhatsApp?

[00:10:28][snorts] Yo, what up, Kill?

[00:10:49]Oh, you can't type, Giani.

[00:10:52]You see the you see the message that I sent in the that I sent like right the last message that's sent in the um in the chat here. I'll help I'll add add it. I think you just need to Oh yeah. I don't know. I need Eddie's help.

[00:11:09]I'm not I'm not the Discord I'm not a Discord guy. He's been MIA though.

[00:11:16]Oh, you got it. Okay, cool. Are you able to type now? I'm pretty sure when I was trying to figure it out, yeah, it's just the verified roll.

[00:11:33]So, we kind of pre-market ran out the highs, which is what I was looking for us to do. So, we may continue up towards up here at the open. Um, am I shorting?

[00:11:48]No, I might try and take overall I am expecting us next week to try and make another if not today try and make another attempt at the highs now that we dip down into discount filled the gap and we started ripping back up. That's probably the reason why I went long down here at the open yesterday. I was thinking about holding it but I chickenened out.

[00:12:16]I chickenened out. I closed it for 160 points and then right after I closed it, it ran up another 160 points and then we're continuing today in the in the pre-market.

[00:12:40]So, I am going to be a little careful today just because I am expecting um just because it's OPEX, it's triple witching today. So we have quarterly contract expirations, monthly expirations, and weekly expirations today because of the holiday tomorrow.

[00:12:57]So there may be a bunch of repositioning and moving things around, moving inventory around, but the market's about to open right now.

[00:13:31]It's immediately pushing down.

[00:13:34]There's no wick at the top of this candle.

[00:13:44]Now there is So I'm watching to see if we're going to push up.

[00:14:10]or if we're going to just start whiplashing So, we took a L yesterday on our funded accounts with Apex. We're going to try and um not take a stupid trade like we took yesterday.

[00:15:02]It's kind of um a decision area right now to see whether or not we're going to after taking those highs pre-market right at the open if we're going to actually just continue up towards the 700s or if we're going to uh start creating a potential range or chop. I'm not really expecting us to have a I mean, we can potentially get down here today, but I'm not expecting us to go and take lows.

[00:15:28]at least today and definitely not I mean I don't think during the AM session if it even is going to happen today I'm leaning more towards potential balance or a push up and then balance Hey, did you guys see the all the clips from uh Eddie's been MIA? Did you guys see all the clips from um the Fed meeting yesterday where he's like good day?

[00:16:20]No. Good afternoon.

[00:16:24]I wonder, dude. There's probably polyarket bets on what what his opening statement was going to be.

[00:16:31]Imagine he bet on it himself.

[00:16:34]Easy money.

[00:16:36]where he had his friends and family bet on it.

[00:16:41]Good day. That the odds on that were probably pretty pretty good. The hell?

[00:16:48]It's funny.

[00:17:03]Did I trade pre-market? No, I traded yesterday uh or last night. The moment that CME open happened, I went long and I held it for like 160 points with three micros on the I did that on the top funded account. So, now I'm sitting here looking to see if I can trade. I have my alpha account that I need to trade, which I think that that account's actually down like a 100 bucks right now um from a trade I took yesterday, but or like during the overnight, but um we're going to focus on the Apex accounts first.

[00:18:15]All right, we might be coming back down into this range here.

[00:18:40]I just don't want to necessarily take it at the open.

[00:20:06]So, like this whole area right here. I'm going to be slightly careful about trying to take any type of late continuation style entries to the downside or to the upside at the extremes.

[00:20:22]I was considering potentially going short, but I'm like when we started pushing down here, but there wasn't a place. It didn't make a lot of sense for me to take it, honestly.

[00:20:48]Your top step is frozen.

[00:20:54]My top step is moving around.

[00:21:07]Are you still in your trade and it's frozen? Cuz if so, that sucks.

[00:21:51]Yeah, I would panic too.

[00:23:06]What up, Los in Los?

[00:23:10]I'm doing all right.

[00:23:14]Just waiting. Being a little careful today.

[00:23:24]Yeah, that's from um taking a trade last night. I haven't taken a trade yet this morning.

[00:23:57]in RTY shorts.

[00:24:01]All right, King. I hope it works out for you.

[00:24:12]What are my daily profit goals? I don't have I don't have a daily profit goal.

[00:24:18]I honestly think that's a bad idea unless you're like trying to just get like um a winning day to pull a payout. It's a little different.

[00:24:31]But I don't ever like I think about when I when I come into the day, I think about how much am I willing to lose, not how much am I trying to make.

[00:24:42]So, like today on these Apex accounts, if I lose 500 bucks times five, I'm done.

[00:24:56]That's basically as far as that plan goes.

[00:25:04]Oh, no. Crish, do you uh set daily profit goals? And if so, why do you do that? Cuz like what if what if your what if your daily profit goal is like $1,000, right?

[00:25:24]And you're like at $800 bucks.

[00:25:27]Are you going to force another trade to try and make your $200?

[00:25:42]Or you like just keep trading until you hit your daily profit goal?

[00:26:04]So, I'm watching right now to see if we're going to potentially rotate around 30,500. [snorts] Um, I got to make sure we're not about to do this right now.

[00:26:32]These are five minute these are five minute candles.

[00:27:14]Makes sense. Are these big trades like deep charts? Yes.

[00:27:43]Sorry if today is going to be slightly boring. I'm just waiting for something that I I'm just being a little careful this morning.

[00:27:51]Especially since these five Apex accounts are in draw down and I'm copy trading all of them at the same time. I got to be a little careful when I'm building up the buffer on it. Yeah, this is ATS.

[00:28:04][snorts] This is ATS or ATS. I still, dude, I've been using this platform for like over two years. I still don't know how to pronounce it.

[00:28:19]Atis at I I have no idea cuz everyone who all the people who work with them, they all have accents, so they say it differently. So, I don't even know.

[00:28:33]Oh, that looks gross.

[00:28:37]Yeah, today because it's OPEX, I am kind of expecting these like nasty these wicks. Um, and more big trades. Actually, because of that, I'm probably going to filter this higher.

[00:28:56]I'm going bump it to 300.

[00:29:05]Ooh, easy with the banger.

[00:29:20]A test. Yeah, [laughter] that's a funny way of uh >> [laughter] >> I mean, that's how I've been saying it.

[00:29:44]Yeah.

[00:30:23]Also, what I'm thinking about today too is because of um it being last day realistically of the week and we have these wicks like this and we have uh um OPEX. If I do get into a trade, I'm probably taking quicker profits instead of like trying to hold it for, you know, 100 points, 150 points.

[00:31:07]Opex is options expirationally.

[00:31:26]Hardest part of trading is waiting for a setup for an hour and then missing the entry.

[00:31:51]I look at MNQ because um when I so honestly it's it's probably better it's probably better to look at NQ.

[00:32:08]Well, it's not probably better. It is better to honestly look at NQ, but when I first started using footprint charts, I've always used MNQ. So, I've stared at MNQ footprint charts every single day for over two years.

[00:32:26]So, I've gotten used to It's a little noisier sometimes, but I've gotten used to what I'm looking at.

[00:32:37]And I don't know, I just like it.

[00:32:45]I'm used to it.

[00:32:50]There are times I look at the ENQ footprint though.

[00:33:06]And also way back when I first started using um ATS, they didn't have the cross, what do they have? What's it called now? Cross trading. They didn't have that. And I was executing on the footprint chart. So I I kind of had to look at MQ if I wanted to execute on this chart at least.

[00:33:32]And then they added it in and then I just never where you can look at NQ and then execute on MNQ.

[00:34:35]D we're having these like injections of like these spikes of uh do you recommend ATS or deep chart?

[00:34:51]Oh no, I like ATS. I like deep charts for execution though. Like this is my deep charts.

[00:35:00]The way the the way you can add stops because I like to add into winning winning positions. The way you can add stop orders is really nice.

[00:35:10]But in terms of orderflow analysis, I am mainly looking at my task charts.

[00:35:23]I definitely would recommend if you want to learn um if you want to use orderflow to I've never actually seen trade of eight order flow.

[00:35:37]So, I don't know stop-loss placement. You just place it wherever your trade idea, your original stop-loss should always go wherever your trade idea is no longer a valid idea.

[00:36:19]You went short right here. Easy.

[00:37:16]Yeah, what I'm watching for right now is what I kind of mentioned earlier, if we're going to start doing this.

[00:37:23]So, as we move up, I'm going to look to see if we're actually going to have a failure start establishing a opening range, basically.

[00:37:36]I mean, we kind of already did, but yes, I'm on Discord.

[00:37:47]So, if you guys want to join the Discord, I think there's a link in the bio.

[00:38:00]There's less of a delay or the description maybe. Maybe it's in the description.

[00:38:36]Yeah, a lot of people are probably You're right, Raymond.

[00:38:45]So, I'm just kind of sitting here. I was expecting um I mean this is kind of like my baseline expectation of what I was looking to happen. There's two things I was looking for this morning. Either we were going to start doing this off the open or we were going to make a move first and then do it after. But I don't know. It's kind of noisy right now.

[00:39:25]Yeah, April and May was um tough for me.

[00:39:30]April was all right, but May was the toughest month I had in a long time.

[00:39:40]It's also my It's also kind of my fault because I I was like distra distracted. I was like trading my live account a lot. At least with profits, I was trading my live account a lot. I was trading like these competition accounts. I was trading a Robin Scup account. Was just I was just all over the place.

[00:40:16]dude for Raymond for the for the May competition.

[00:40:20]So, what happens whenever you join the Robins Cup is you get like a broker or there's brokers that have the guys assigned to them like um like a guy that you call and you talk to. And so I was up uh I think I brought the account up like to it was the monthly composition so it was like 30% or something 40% returns and I couldn't see um I couldn't see the leaderboard right so I'm thinking like okay I got to get like at least 100% returns to to win the Robins the Robins Cup for the month of May. And I'm trading the account. on trading it and then it went back to break even.

[00:41:02]So, I lost the the the gains because I just had a few bad sessions and then I um I just called the I called the broker and I'm like, "Yo, I'm just I'm not even going to take this account into draw down. Just uh I'm going to leave the money in there for now." I ended up taking it out. But he told me that nobody out of all the the people who entered the May competition, not a single one was in profit. And all I had to do at my 40% was just not trade. And I'm like, well, bro, you guys got to update the leaderboard because I'm thinking there's someone over here who's like killing it, you know?

[00:41:47]So I'm like trying to force and I joined towards the later end of the month. So I'm like trying to force it to try and like aggressively gain returns which you know if it goes wrong then you're just going to end up kind of blowing your account.

[00:42:07]And he just told me he's like yeah he's like my bad. He's like I I should have told you like I was looking at your returns. you were actually in first and you could have just like stopped trading and you would have won. I'm like, well, great.

[00:42:20]I think I'm going to do their quarterly competition starts in July.

[00:42:28]So, we'll see how that goes.

[00:42:31]Yeah, easy. Your shorts are working out.

[00:42:33]Nice.

[00:42:38]The only thing about the Robins Cup though is they have like if you're using micros, the commissions are crazy. And the and the margins pretty crazy too.

[00:42:47]$200 margin per micro, which is not that crazy, but it's double of what all the other ones are for MNQ.

[00:42:58]And then their commissions are pretty nuts. They're like, it's like almost after commissions and fees for a single micro, I think it's almost like $4 um round trip per micro, which is pretty expensive.

[00:43:54]So, it's the new hourly candle, new 4 hour.

[00:44:01]We're just kind of chopping around right here.

[00:44:12]If it stays like this, it'll just end up being a no trade session, which is fine with me.

[00:46:30]Doing a whole lot of nothing, huh?

[00:48:10]I'm probably going to sit here for like another 30 minutes.

[00:48:18]And if we're going to continue to do this, then I'll just come back next week.

[00:48:28]I'm not going to uh stream or trade tomorrow. Just heads up.

[00:48:34]It's a half day.

[00:48:37]Usually I'll sit in for half days and just like see what's going on, but I don't think I'm going to do it tomorrow.

[00:49:18]Yeah, my footprint charts on MQ.

[00:49:35]Are there notable changes to price action on half days? Well, it's just, you know, the futures market may be open, but the uh it's just like sometimes you just have a lower participation, lower volume.

[00:49:51]Sometimes there's really nice moves actually on half days. That's why sometimes I sit in for it. But a lot of the times um sometimes um we were just talking about that earlier.

[00:50:10]19 SGL.

[00:50:12]Yeah, technically you should be using NQ.

[00:50:16]I use MNQ though.

[00:50:25]I've stared at I've stared at MNQ footprint charts for two years every single day. Over two years, so I'm just used to it. I'm used to numbers. I'm used to everything.

[00:50:35]Although sometimes I look at NQ.

[00:50:38]But yes, people tell me that all the time and I and I agree.

[00:50:47]There's more noise on an MQ chart for order flow.

[00:51:40]Are you still holding that easy?

[00:51:52]You really wanted to short, huh?

[00:51:56]Oh, you got you got out for profit.

[00:51:58]Cool.

[00:52:11]Now that we're pushing up here, I'm seeing if we're about to fail and then just continue this rotation around this area.

[00:52:31]longs from 30,400 got out 30,500.

[00:52:37]That's an awesome trade.

[00:53:19]Nice.

[00:53:51]What up, Rico?

[00:53:58]Thanks. Yeah, I was I'm going to start changing the way that I make the YouTube videos.

[00:54:06]I I gotta start adding more chart examples.

[00:54:11]They're too lecture style.

[00:54:14]Boring. Everyone wants to look at the charts and they're right.

[00:54:18]So, I got to do that. It's just I'm being kind of lazy. I'm not going to lie when I'm when I'm uh not putting chart examples in because dude sometimes especially with order flow like when I when I'm trying to I got to load up like a bunch of historical data and it just takes a long time. But I'm going to um I'm going stop being lazy. I'mma do I'mma do make that for you guys.

[00:54:52]What am I looking for on the chart right now? Well, right now I'm expecting us, my baseline expectation heading into the morning was that we were potentially going to rotate or chop a little bit.

[00:55:03]Um, we are moving to the upside, but in the in the event that, you know, I'm watching right now to see if we're actually going to break higher or if we're just going to continue this rotation. Um, if we do break higher, then I'm watching for us to come up here towards like 700 or 750. Um, so I'd be looking for us to make our way up there and then once we get there, we may actually potentially rotate up here or depending on what we see, we could potentially um see us turn around. But today I was uh I came into this morning a little bit like I kind of had an assumption that I may not even take a trade today. But just in case I sit here, but so far there hasn't really been anything that I'd want to trade.

[00:56:09]And I made a little bit of profits on my Topstep account, my my express account last night from the longs during CME open. So, it's not total waste of a day.

[00:56:20]>> It's never a waste of a day, though. A waste of a day is like where you tilt and then you just tell yourself, I need to follow my rules. And then you buy more accounts. That's a waste of a day.

[00:56:34]>> It's actually not a waste of a day.

[00:56:36]Technically, you till as long as you actually analyze what happened and use that information >> properly.

[00:56:48]>> But most people don't do that. Most people just go, "Oh, the PA was so bad. Oh, we were so choppy, dude. I got manipulated.

[00:56:57]Oh, next time I'm going to follow my rules."

[00:57:00]Or then they just say some random BS like, "I'm never trading OPEX again."

[00:57:04]Or, "I'm never trading a Thursday again.

[00:57:06][laughter] which is all just nonsense. It's nonsense.

[00:57:20]Unless you have like thousands of trades of data that specifically tell you that you absolutely get wrecked every time you trade a Thursday, okay, then then that can be justified. But if you just like have a bad day, then you're like, I'm never doing that again.

[00:57:42]>> It's kind of uh not really logical in my opinion.

[00:57:55]>> Yeah. I mean, if his data is showing him that he really does like over a long period of time, right, that he has a 7% win rate on Fridays. If it's a 7% then I assume that there's not a lot of data with that. Um >> because 7%'s crazy. Well, >> I mean if it's two Oh, whoa.

[00:58:22]Okay, then. Yeah, he should he should add that to his guard rails of uh two years at a 7% win rate on Fridays is I mean, even if he's only tra taking one trade a day. [singing] >> Over a 100 trades.

[00:58:50]So, he basically Yeah, that's that's pretty tough, dude.

[00:58:55]So, we're kind of uh what I'm looking at right now is we're back rotating back in here. Um for now, we were making a stronger push to the upside and then we just started kind of slamming back down. This area, what I was mentioning around 500 is where I'm watching to see if we're just going to rotate around here.

[00:59:17]You could try and fade it, but I don't really like doing that, especially when um it's a little early on where the high and the low aren't necessarily clearly defined until we go and make it like a cleaner balance.

[00:59:39]>> You're in the shorts again, dude. I hope you I hope you uh catch a banger. I hope it just melts for you.

[00:59:52]two to three two to three trades a day over two years at a 7% win rate is pretty crazy. That means that he's taken 200 300 trades and out of those 200 300 trades, he's only won like 20 of them.

[01:00:10]If I saw that in my data, I would probably stop trading Fridays, too.

[01:00:18]That's [clears throat] actually part of the reason why I typically stop around 8:00 a.m. Pacific Standard Time or 11:00 a.m. Eastern time is because when I collected a bunch of data on my trades, I found that my win rate, my expectancy, and my profit factor jumped off of a cliff.

[01:00:40]the later that I got into the day, especially also because that's typically as we're heading into uh lunch hour and then sometimes volume begins to um dry up a little bit, participation dries up a little bit.

[01:01:04]Yeah, Fridays.

[01:01:07]Yeah, a lot of people are not huge fans of Fridays.

[01:01:11]I don't mind them.

[01:01:14]There's not a specific day for me that is an outlier in terms of being better or worse over the other.

[01:01:45]So, we're approaching the edge of this area.

[01:01:53]Going to see if we're going to fail. If we're actually going to push it up towards the 700s.

[01:02:01]I'm not going to take this. I'm not going to do what I did yesterday, though.

[01:02:06]What I did yesterday is I did this. Try and take it long right here. Hell no.

[01:02:11]We're not doing that again today.

[01:02:13]Learned my lesson yesterday. Well, I already knew I shouldn't have done that yesterday, but I did it anyways.

[01:02:19]Not going to do it twice. I don't even I don't even care. It could It could do whatever. It could go up there, but I'm not going to take that. [snorts] Where are you going to get out of your shorts? Easy. If it takes the highs, if it punches through the top of this Uh, like where would you cut it as a loser?

[01:06:22]Oh no.

[01:06:25]Oh no.

[01:06:43][snorts] We might punch through this, but it might reject immediately after.

[01:07:15]So, right now, I want to see that we just if we just punch through the top of this. [clears throat] I want to see if we're actually going to continue up towards 30,700. I'm not going to take that continuation, but I want to see if we're going to get up there or if we're going to slam slam back down into this uh range.

[01:09:08]I'm considering trying to fade this like uh potentially short it up here, but I won't I got to wait.

[01:10:54]It didn't I didn't have a entry that I wanted to take, but I was considering it.

[01:12:04]We missed our chance. What up, thousand?

[01:12:18]Mitchell, did you take that?

[01:12:21][clears throat] We punched through. I was looking to see if we were going to have follow through.

[01:12:25]We weren't really having followthrough.

[01:12:27]So, I was considering to try and go short, but to try and play the the range, but um Oh, nice. I'm glad you took it. But I was waiting for uh I was looking on the one minute for an entry model that I have, but I didn't see it. So, I just passed just passed on it.

[01:12:53]This candle right here on the one minute caused me to hesitate for a second.

[01:13:01]Nice.

[01:13:07]Yes. Okay.

[01:15:27]Dude, that's pretty funny. That's That's like exactly what happened yesterday, except yesterday I went long up there.

[01:15:43]You're not going to get me two days in a row.

[01:15:55]>> [snorts] >> So, what I'm thinking right now is I'm going to watch to see if we actually at least attempt to break lows right now. If we continue this um if we start like compressing tighter or we go like this, this this and then we start doing this like a tighter I'm done. I'm going to just come back next week.

[01:16:46]But I want to give it a chance because a lot of times like right now I might sit here and be like, "All right guys, I'm done." And then I get off and then the moment I end the stream we start moving and then I go and take a trade and then you'll see it later on my social media and I feel like a dick.

[01:17:02]So we'll sit here for a second How old am I? 25. I'm about to be 26 next month.

[01:17:57]Um, with OPEX, it's only market open that can wick around and then start moving cleanly. Not necessarily.

[01:18:05]26 shots of tequila, 26 beers cuz you So, AR vids, right? If we're talking about OPEX and options expirations, well, when do the options actually expire, the end of the day? So, it's kind of like a and then it even gets worse towards the end of the day. Not necessarily that we're going to chop, but the clo we're getting closer to expiration the closer we get or the further along we get during the day.

[01:18:34]And [snorts] then you have um rebalancing of inventory and then like rolling over um positions or or inventory onto the next quarterly, next monthly, next weekly.

[01:18:49]Or you just have positions um just coming to an end.

[01:19:06]And then when it comes to um when it comes to like gamma or he hedging pressure when we approach expirations sometimes the uh the if the positions that they're hedging against are going to no longer exist then sometimes those hedging um they unwind their hedging positions basically because there's nothing left to hedge or they begin to reposition or switch inventory over to uh the next contracts.

[01:19:42]So it causes kind of like um what we were seeing earlier where there's a difference between um you know let's say large trades being just kind of like transactional versus being actual um stronger initiative aggression. So sometimes you'll see it get a little noisy and you'll see these like aggressive moves and then it kind of snaps back.

[01:20:11]They can just be kind of just like transactional behaviors where we just kind of we end up sometimes also on OPEX it's usually third Friday of every month or it is the third Friday of every month.

[01:20:26]Sometimes you'll see a move during Asia session and then we end up pinning towards a major strike. um during the New York session.

[01:20:41]So today I was thinking that we were either going to potentially pin around um 30,500 or up here, which is 740 on QQQ, or we might have pushed up and then did did this up here.

[01:20:57]That's That's kind of what I was imagining for this morning.

[01:23:27]If we move up and we kind of punch through the highs again, I might [clears throat] try there might be another opportunity to try and fade it back.

[01:24:48]In the meantime, let's do a pole. Oh, cuz even though technically technically I'm green because of the trade yesterday doesn't count. talking about this session. I am be slightly boring, but you know what?

[01:26:30]Sometimes um that's just how it is.

[01:26:34]I'd rather sit here and be bored and just save my money for a better save my draw down for a better day.

[01:26:49]But I will say if we make another punch up through the highs, I may fade it back if we get up there.

[01:26:59]But we're getting close to my to the time where I typically stop trading.

[01:27:04]We're going to do this.

[01:27:37]Well, looks like the P&L check majority is green, which is good.

[01:27:43]To who to whoever is red, let's take a deep breath for a second and let's look at what you're trading.

[01:27:52]Is this a good environment for you to try and make your money back?

[01:27:59]It's up to how you trade.

[01:28:02]It's up to you and how you trade.

[01:28:04]But just think about that.

[01:29:16]price flirting with your stop loss. Are you still holding the shorts?

[01:29:42]Uh, well, at least you gave it a shot.

[01:29:51]Then I would assume you're at break even if you the trade weighs 150 points in your direction.

[01:30:02]All right. So, I'm going to see if we're going to punch through the highs right now and potentially give me an opportunity to fade it back.

[01:30:15]I'm going and if we do, I'm going to be watching um I'm going to be watching order flow like I'm going to be watching my footprint chart around the 665 to 705 area like a 40 point zone.

[01:30:52]And if I do that, if I take that trade, I'm not going to hold it. Um, I'd re really just actually be trying to take it back to like here.

[01:31:08]Um I for my own live account. Hold on.

[01:31:15]Yeah. Sit up in my chair.

[01:31:19]I'll answer that question in a second. I use Rednick, but then prop firms use DX feed sometimes.

[01:31:29]But but DXV feed you don't. You can just go and buy the data and they'll give you a log in. My rhythmic my rhythmic required like having a live account with a broker.

[01:32:07]So, I'm watching right now to see if we're going to push up a little deeper.

[01:32:13]Um, I'm looking for failure and for us not to really have follow like some aggressive follow through.

[01:32:24]And I might just try and fade it back in to towards this area. But I'm not going to hold for the lows. I'm just going to go for a quicker scalp.

[01:33:16]Yeah, I'm watching it right now. I'm waiting for the 5 minutes to close.

[01:33:31]I'm going to enter in right now with two micros, but Oh, what the hell happened?

[01:33:39]Oh, wrong account. Wrong account. All right, I'm going to enter right here at a worse spot with two micros.

[01:33:45]Stop loss is going to have to be pretty big.

[01:33:48]Putting it above 700 because I might add into it. Um because we kind of opened up on the 5m minute without us pushing up first which typically I'd like us to push up first and then start dropping lower.

[01:34:15]So in the event that we get that on this fiveminute candle where we see another aggressive push deeper into like 665 680 area then I'll add into it.

[01:34:35]We just got to be I'm going to start become becoming a [clears throat] little bit more cautious of us continuing this because we're kind of grinding up right now. Okay. So, there is a potential that we drop down right now. Potentially, it's anywhere between 30,600 to 30,570 is kind of what I'm imagining and we could potentially go and do this again.

[01:35:04]But it wasn't an ideal entry. So I went two micros So, we kind of touched in towards 30,600.

[01:35:48]We do have a pretty large stop loss. I don't even I don't necessarily think I'm going to hold it all the way to the stop loss. just in case we get some random um Trump candle or something. I don't know.

[01:36:18]But yeah, we're kind of we're kind of trading tiny size right now, but it's whatever.

[01:36:26]It is kind of a large enough range. And if we break down and I trail stop, I mean, I could potentially, you know, catch 50 points, 100 points.

[01:36:37]And if that's the case, then, you know, two micers is chill. I mean, we lost 500 bucks yesterday. We're using smaller size right now on this uh mean reversion style setup. And then um if it's green like 200* 5 or green 300* 5 or whatever, I'm fine with that. We still make back some of the losses from yesterday. Or we can just make it worse right now and it can just rip up. But I'm willing to give it a try.

[01:37:24]So, we're back around 30,600.

[01:37:30]kind of like between 30,600 and 570 is where I think we may there is a possibility we go up and make push deeper up here and then if we start failing up here like deeper into this area um there's a potential I might add into which would be one of the only times I'm adding into technically a loser.

[01:38:11]We do have the new hourly candle going to open up in 5 minutes. Hello.

[01:39:38]I'm actually going to tighten the stop a lot. I'm going to put it to the top. Um, whoops. That was probably the wrong account. [ __ ] I'm tightening the stop right here.

[01:40:20]cuz I was thinking about it. I'd rather just uh if we're going to go punch up again, I'd rather get taken out for 25 points and then uh potentially get in full size at a better opportunity.

[01:40:38]If we start digging deeper towards 570 though, I'm going to move it to break even.

[01:42:30]So, there's an hour for or a minute left for this hour to open up. I actually I think I'm not going to try this again.

[01:42:37]Uh higher up there.

[01:42:40]Probably just took my $100 out cuz volume's beginning to taper off a little bit. I'd probably just call it a day.

[01:42:57]I'm kind of just seeing if I can catch like a winning day for these accounts so that I at least have one because I started them yesterday, right? and then I lost.

[01:43:06]Then we're in these like choppier conditions.

[01:43:11]We're slowly grinding up, but I think um All right, let's see what the hourly does.

[01:43:24]If it opens up and starts pushing down, I am going to move it to break even.

[01:43:30]All right, we're starting to dig a little deeper into this area.

[01:43:48]We'll let it go.

[01:43:55]Although, this is where we could potentially bounce. If we could break through this area, I might be able to take it for take it down for like a 100 points probably. But if it'll hit me out of break even, it's all right.

[01:44:40]Yeah, we might be ripping it. Drop down towards uh this area and then we might go make another high. So, good thing I moved to break even.

[01:44:49]Um I'm just gonna stop, dude.

[01:44:54]is let's just like look at this. Let's just trade another day. You know what I mean? I gave it a shot. It might actually come up into this area and then do do it again. Um but I don't really think it's worth it to really be participating in this right now, especially because we're starting to watch volume taper off a little bit.

[01:45:15]So, we're getting closer towards um lunch hour.

[01:45:24]went like 25 points and then snap back.

[01:45:30]So, I will catch you guys on Monday. I'm not going to not going to trade tomorrow. We sat here. We did a bunch a whole lot of nothing. Twiddled our thumbs around.

[01:45:43]Grinding up. Try to take a mever version back towards I was really aiming for around like 30,500, but we just had this in my way. We might continue, but I'd rather not be in it anymore if we're not going to break it break lower. So, hope you guys have a good weekend and I'll catch you on Monday.

[01:46:09]Peace.