This Is My Favorite Trade Setup – Futures Trading, Prop Firm Trading

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What’s going on, guys? So, another day in the books. Um, it wasn’t that terrible of a day, I I would say. Uh, I’m trying to pass or not pass the rest of my eval so I can just trade funded accounts next week. Um, we ended up passing one, two, three, four accounts. I passed another one on another prop firm. Um, I just want to get back to trading just PA accounts. I am gonna take advantage of Apex deal. It’s 90% off.

Ends this weekend. Use coupon code Cove Trader for the 90% off. Actually, use my code for all the product firms. It works everywhere if you want to support the stream. Um, also, uh, I’m going to show you the best trade setup. Somebody asked me on the stream, what’s the best trade if I can only take one trade a day? I’m going to show you that in two seconds. Uh before I get into that though, we stream live every day 10:30 to

Noon, 2 pm to 4:30. We do account giveaways. We have a lot of fun. There’s a lot of education. Um and then we’re also there’s a link to the free Discord in the description of this video also. You can go there, ask questions, talk to other traders as well. Uh other than that, um I’m going to get into it real quick because this was the trade of the day. I called it in Discord. So, if you were in there, you got

It. And um basically the trade of the day. What am I? I’m in replay mode. Yeah, I am in replay mode. So, we basically uh Oh, man. I’m just getting this all together here. What is this today? Yeah. 254 I got long at this was the spot. This was one of the spots. This is one of the trades I took and I thought this was awesome. Actually, I got in at 254. Basically, uh, we came out, we dumped, and after we

Dumped, basically, I took the first, uh, inversion of a fair value gap, we traded back into it. We held it and up. And that is the setup that I love. That was a mustrade setup. And then another trade setup I took today also what I thought was awesome. I ended up scalping this. I was going back. I was looking. I ended up scalping this. But basically we dumped and I was waiting for it to show that we have a real bottom

Because you got the Vshape. We came back down. We made a new low. Once we made a new low and then we came up made a new high. I was waiting for consolidation. made consolidation and I actually took this just for a little bit. I should have held this trade. Um, we basically were holding the trend line and we just kind of made our way up and then we consolidated again right here and that was a money trade to the upside

Also. So, I took that live on the stream, took it up, and then we were talking about if we were going to dump, this would have been the spot to dump. Basically, we swept the uh hourly imbalance and then came back through. And then, if you look, we actually just bounced off this breaker right here and came up. Trading was pretty good today. Not going to lie, trading was really good today. passed a lot of accounts. Um, I definitely thought it

Was clean today. Obviously, if you were in when we had the tweet, that sucked, but other than that, the price action, the movement, everything was very clean. And, um, yeah, I’m going to look to capitalize on this on Monday. If you want, come on the live stream, come in the Discord and ask. And uh I hope you guys have a great

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Today’s GEX Levels

Oct 16, 2026 · gamma regime: NEGATIVE

NQ

Flip 30,552 · Call Wall 31,446
Put Wall 29,998 · HVL 30,205

ES

Flip 7,822 · Call Wall 7,825
Put Wall 7,724 · HVL 7,825

Dealer gamma from SPY/QQQ options OI, rescaled to futures. Updated each weekday pre-market. Context, not signals.

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