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What’s going on guys so I continu the series this is part five of how I get my prop firm payouts I have Parts one two three and four on the channel if you want to go watch them if you like what I put out we stream live every day 10:30 till noon and then again 2:00 p.m. till about 4:30 uh if you like the video smash the like uh if you want to support the stream use coupon code Cove Trader it
Automatically gives you the biggest discounts um and I got a whole lot of more information in the description of this video we have our free Discord uh there’s a whole thing on um all different prop firms Pros cons everything everything’s in the description but let me get into this so just to show somebody asked how we did the other day to show proof um this was how we ended up uh finishing our Friday uh if you want to follow me on
Twitter it’s co Trader um but yeah so just someone just asked if the everything I was talking about works and it just so happens that’s what I did yesterday and we had another great day the day before and the day before but all right so I went over the mental aspect I went over um the opening range trade I went over a couple things so now we’re progressing through the day and basically these trades happen after the the first 15minute orb
Is set up and the hourly basically I have the 15 drawn out I use these scripts right here orb 15 orb 60 um and it basically just draws it out I use them for support and resistance and you kind of get a couple things out of this that I like to play first I love the pop through so people are like oh well how do you know when you it’s going to reject or when it’s going to pop through I play
The pop through when we come up we do not break over because this is a long way up we get a little bit of a pullback and then we pop through and I’ll play that for anywhere you know five 10 points to the upside um and then I kind of see what we do above uh I’m looking for I don’t want to keep trading close to it cuz figure picture a basketball if you drop a basketball from a you know not
That high it’s not going to bounce that high you could see we only went up here and you got a little bounce right and then it kind of Trades over and under the I don’t want to trade this at all I want us to go away from it come all the way back and now you get a bounce you know because now you’re dropping the ball from a higher amount I like to see like 50 points um we start getting pretty
High so this is about 50 12 yeah so it’s a little over 50 something like that I I’m definitely I’m in on the bounce I mean it just it happens too often um and then once we kind of do you know we set up the 60 which is right here that’s kind of later on in the day I’ll play the sell throughs so if I see we go through but we don’t actually continue that high especially something like this this is
The perfect setup actually so we kind of trade through we kind of hang and we’re not pushing up for that next High We bounced off the 60 there was no real bounce I’m going to put a short order right under because if we sell through this which is support I know I’m going to get a ton of points so I’ll put my order right below sure enough we trade here we break and then we break down now obviously my bias isn’t
Short the whole day you know I’m just looking to get I don’t know 10 20 points we end up getting that and then we trade all the way down to the top of the 15-minute orb I know that’s going to be support we just traveled from 811 all the way down we traveled 100 points down that’s like dropping a basketball from up high I’m taking the bounce we bounce you got I don’t know 30 points you know great trade I’m out
I’m out now just like anything when the basketball bounces a second time does it have that big of a bounce no I’m not looking to take this if anything I’m looking just how I took the sell through right here I’m looking to take the sell through right here so I’d put a short right here sure enough you know we bounced I take my profit we’re kind of trading down I’m not looking for the bounce anymore I’m looking for for the sell
Through we get the sell through you can get 10 15 points scalp and then I’m out I’m out out now you know these are on Friday so I was actually playing this yesterday so I’m just kind of going over the you know things that I was looking at on Friday um you know you want to see now are we going to hit our head on here and drop or are we going to bust through um and take it you know take
It up again you know depending on what’s going on I’m not a huge fan of trading during lunch because you do get a lot of chopped um you know I don’t think I took this up it was one of those things I usually step away during lunch I don’t like when we start going through you know we pop through we come back down we pop through again we sell off also Trump was talking at this time so I did not not
Play this if something like that news Trump’s talking I’m probably just going to sit out of it um so like this would have been a no trade and then the rest of the day obviously when you start trading away from it um it doesn’t you know there’s no trades to take so I just kind of go to other things that I look at that I’ll talk about in other videos um you know this was a prime I remember this this was
Thursday when we popped through the hourly so we set the hourly we came through we popped through and then uh I was looking for the short on the way down because you shorted your stop loss could either be above this candle or it would be high a day and sure enough kind of had like a yeah it it this was great um but yeah something like this you know I’m not a huge fan of when the 15 gets set and then
You kind of stay right there but the fact that we set the 15 and then we came down was at 30 40 points that was to me like hey you know we can go back up here and then we Consolidated and then broke through that was pretty nice but really technically wasn’t a a orb style play because you know you could have played it on the pop through um but then you know the consolidation was more like a flag that I
Was looking for you know the the orb initial balance play was the sell through right here you could have taken the pop through which is the pop 87 could have got your 10 points I actually believe I took this trade to the upside but I only took it for like a small amount because if you look we were about to hit 20,000 100 and I figured that that would be uh resistance and not only is that resistance but if we come
Back and we sell through the top of the orb not the top of the initial balance that’s going to set up for a great short because you got the resistance at 20,100 sell back in and you could definitely take it sure enough you could see what happened I mean you know to show a losing trade I definitely took the top here and um you know got stopped out I think I set my stop probably at 19 you know 895 I figured
We were approaching 900 plus we were approaching the top of the 15 and I definitely took a loss on this trade right here but you’re not going to win every single trade but you can kind of see the support and resistance of the areas you know you trade back up gets rejected you know you kind of see it I like to play first touches um and look you just kind of see what happens you know can’t get over can’t get over
And then it just sells off um but yeah it’s a uh let me see if I can see some clean ones I like something like this we traveled we bounced we sold through you could have got this short being that we touched the top came back you got a higher low so now you’re like hey if we break this trend to the upside you got a higher low I would be looking for even if we weren’t at the orb if we
Broke over this candle I would say that we’re going to get a reversal the fact that you’re not only going to break you’re going to kind of get like a double bottom break over this candle and on top of that you’re going to get back over the 15-minute orb that’s an awesome setup that is a really good setup now mind you like you know I’m playing a lot of The Sweep throughs you know I I love stuff like that I love
The bounces um you know so if you got questions on this there’s a bunch of different ways you could play it um comment ask on the live stream I can go over it in lot like live trades that I put on I always talk about this um but that’s how I mostly play I’m I’m either looking depending on how we go about things so something like this where we trade up we don’t actually go to the the top we stop we
Consolidate I would be looking to play this long out of this and especially the pop through which is through here and you would have definitely gotten um you know definitely gotten points so let me just I’m just looking at a couple I have a whole back test video um when I mention sweeps I’m looking for um you know like this dropping below the initial balance and then back through this was a straight up down day um but yeah you know here’s
Some sweeps you go back in the 15 uh you could have grabbed you know could have grabbed 10 10 plus points on the way up you know move your you know stop to break even or just get out and then if you come back through the bottom you could play it back to the bottom side and then you know support becomes resistance you could see you come back and then drop um yeah I love the sweep of liquidity though like something
Like this where you sweep under and then back through but what I don’t like is something like this I don’t want to see us trading over the line under like that completely out on I will just sit there and say hey that’s not what I’m looking for I might take like one loss but uh after that I just watch and I see we’re chopping over it I’m I’m out so you got to know when to kind of step out when you’re
Starting to see chop and that’s kind of you know something like this hey you know this would be the play hit the top kind of traded all the way back down to the bottom they actually swept I actually took this trade this was Monday I this is the trade I took we swept down below and I put my buy right here and sure enough when we swept down and then we came back up and that was what 85 I mean you
Could have you know you could be done for the day with that one trade but I hope you get the gist of it if you uh want more just ask me on the live stream ask in the comments ask in the Discord and I uh I’ll help you out
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