Transcription
All right, boys. Welcome back. Um, figured that I'm just going to continue the series. Uh, whatever payout I get with the firm that's I've already been doing, um, I'm going to include it into the series. I forgot to include the Apex payouts, by the way, still wait on the Apex payouts, been a couple days now. Um, but today we're going to trade recap 270 70 points caught on NQ for 5K profit, one money one mini on a 50K Lucid Flex account. Best part about it is no can I don't have to worry about a consistency rule. So, that is a maximum payout. And a little bit more secured today. Um, ended up going green on all firms that I actually Apex, 600 on one account, break even like a hundred dollars in the other and then my Alpha account, like two hundred dollars or something. Uh, secured a winning day, but yeah, I'm pretty excited for this trade recap.
Hopefully this trade recap is more of I do need four more winning days after this, so it's not like I'm withdrawing the money right now, but I secured the maximum payout balance, so it is still up to me to get the winning days for a Lucid account. It's five winning days of 150 or more, so I built up the buffer and now I'm going to go ahead and get my winning days. Um, like I was saying, I hope that this trade recap is more of a recap, a refresher of what you're supposed to look for. I've been doing these trade recaps for a long time time now these past couple of months, they've been the same thing. I can even tell myself the same things that's been happening over and over again. I feel like I'm repeating myself every trade recap. I understand that there's a lot of new people that come in wondering how um, I trade, but if you aren't new here, hopefully you know by now how things work, how things move. Um, and so, yeah, let's get into the trade recap now.
All right, boys. [snorts] So, this is the trade that I caught today and she was at 723 and the exit was at two or 994. I was going to hold this my original TP was up here. We got edged out of that and we got hit out at trailing, but regardless still a great trade.
Now, you guys know how hard we sold off overnight. No nothing nothing overnight, London session or Asia session had a bullish leg at all. Like the entire Asia and London session. It's like Asia started at what? Or the new day started at what? 6:00 p.m. here, right? 6:00 p.m. From here, everything from Asia and London was a complete dump. Now, looking at that, I'm going to expect some sort of a rebalance during New York session. With the volatility that we get during New York, it shouldn't be as hard for us to get a small retrace. A small retrace in this case, even 200 300 point retrace is small because we dumped off like how how much we dumped off? Damn near 1,000 points, right? 700 points. So, even a 200 300 point retrace, it's big, but it's small at the same time within this range, and you can do a lot with 200 points, right? So, all we have to do is catch the reversal.
Now, how are you going to know when price going to reverse? Well, I'm going to wait for New York to begin. New York is a completely new session, right? I'm not going to wait I'm not going to take a trade at pre-market 10 minutes before New York open. I'm going to wait until New York opens cuz that's when the rebounds may begin because it's a completely new session. Now, technicality-wise, where am I going to look Where am I going to look for for a potential reversal to happen? Well, standard deviation, I know you guys have heard me talk about that as well. I use standard deviation, OTE, doji candles. Um those like my top three combined with other like ICT concepts. Um you guys know I I talk a lot about OTE and doji, but standard deviation when there is a standard deviation that lines up with different levels, that's also confidence that I use. So, standard deviation in today's case, I was able to use.
So, all I'm doing, right? New York opens at >> [clears throat] >> let's see, 9:30 a.m. right here. Before New York opens, I'm going to look for any draws that we can sweep or lows that we can sweep before heading higher. Now, we have this 1-hour low that I'd marked out coming into the day. Um and then we also have a 1-hour consequent encroachment level that we could hit. So, I did initially was looking for price to move a little lower before I could grab a reversal play, but that's when standard deviation comes into play, right? Cuz our standard devi- our standard deviation level was all the way up here, right? It wasn't uh as low as this consequent consequent encroachment level or this low that I would want us to take. So, I'm going to monitor the standard deviation level, right? Like we could completely blow past that, and we can come down and take out a take out these lows. But, at the same time, we could react off of that, have a good reaction, and then that could be our move up. So, I'm going to keep an eye on that when the market opens.
So, market opens, I'm going to take you guys through step-by-step of everything. Market opens at 9:30 a.m., right? 9:30 a.m. opens. Um great. First thing we do is we immediately we do tap into the -1 standard deviation out of market open, right? That's not good enough for me cuz why? We haven't taken out this 9:30 a.m. open low. We need to see this 9:30 a.m. open low get tapped out before I want to see put price push price begin to push higher. So, next candle comes in. What do we do? We come down and take out that 9:30 a.m. open low, and look at the reaction that we get. From this candle, this entire candle is 100 points, bro. 100 point reaction off of a single standard deviation level. And then, if we also look on the 5-minute, we can see that we have a Well, once price started reacting up here, like you can see where the candle ended up finishing, we can see a potential doji being able to play out, right? So, I'm going to play with this range, this candle that we have, right? This candle that we were given. I'm going to trust myself with a standard deviation level and a 100 point candle. Like, if I'm wrong, I'm wrong, and I'm done for the day, right? If I'm if I'm wrong, price pushes past this level, and we were just wrong. But, I'm going to trust what I have built what what I've seen, my market experience, and the technical analysis that I've given myself. Like, that's that's what differentiates somebody who can like somebody wins trades and loses trades. Like, if you're you're not going to be able to win a trade if you can't trust yourself and get into the position, right? So, I'm going to trust that this is the candle of a reversal in addition to that standard deviation level and a 100 point candle reaction. I'm going to mark out Now, that Now, Now, Now, I'm not saying like as soon as I see that, I'm going to just FOMO in and enter. That's why my entry wasn't up here, right? That's why my entry wasn't here, me FOMOing in. I'm going to look for extra confluence to make sure that this candle right here that was put in is going to be that internal internal range that we're going to play in, bounce around, respect before heading higher.
So, what do we do now? Well, we're going to mark out OTE of this range that we have from this standard deviation low to this high that we have. We start retracing um at the bottom at the top of this leg here, right? So, now I'm waiting for price to hit 0.618 to 0.786 to see if we have a reaction off of that candle. And guess what? We do. Um I'm pretty sure we have a doji candle here on the 2 and the 5-minute ends up um closing as a doji here. So, this is just a retrace of this 5-minute wick. The 5-minute CE also aligns with the OTE of this range. So, you just have multiple levels that are aligned with each other with each other in addition to this 5-minute candle closing as a doji. Um and then we obviously respected on the 1-minute. We don't have a 1-minute doji here, but we have several of other confluences. We're in OTE. 5-minute has already closed as a doji. Um and so, knowing that, I'm still confident that this after a nice candle here. This is a nice 1-minute candle closure. We get displacement higher. Um and then from there, I'm just holding. But, I'm holding I'm going in with one mini. This was a pretty big stop, 50-point stop, but I was pretty confident that we were going to pay it longs here. My draw on liquidity was uh this internal high here, which we completely edged for some reason. I think we're about to go ahead and take it take it out now. But, yeah, that was a trade recap of why I took this trade here. It was pretty like like not self-explanatory, but it's the same thing that I do every single time, bro.
And you can even see like I'll go through every single time frame. The 4-hour closed as a doji. We're respecting this 4-hour doji. We're probably going to go ahead and take out this high now. Um 1-hour, nice sweep. Um nice clean candle on the 1-hour. 1-hour doji just formed at 11:00 a.m. But, you can see these things happen and play out every single time. Like look at this 15-minute doji here that forms another 15-minute and another reversal. Um the thing is that these 15-minute hour 1-hour time frame dojis are hard to catch because they take long for them to form, right? And once they actually form, you may have missed the move. That's why the lower time frame dojis and the lower time frame the OTE levels are so important because then you can catch the earlier moves. Like this 5-minute doji um it hadn't played out before like this is not what it looked like when the candle was closing. If you guys think about it, the candle would have been extremely bearish when it was all the way down here. Right? But I still entered because I knew that this previous 5-minute candle closed as a doji. So, if we're able to respect this, this 5-minute candle should flip up to the upside. So, that's kind of how you have to put things together when you're trying to trade um these types of candle formations. That's why all these other levels and OT confluence are super important in your trading. Um and yeah, that was the trade recap that I took today. Super blatantly for for forward um clean.
I'm going to be live again tonight. If you guys want to join the live streams, um I stream trades for free during each session every single day. So, go join that. I'll also have a Discord link in the bio. And yeah, I appreciate you guys as always. We're having a very good month so far. Hopefully, we can carry it on to the next. Um and yeah, uh as always, God bless. We're so close to 10K. I love you guys, and I'll see you guys in the next video. Peace.