Author: covetrader

Done with Fast Track Trading use one of these prop firms

Transcript

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What’s going on guys so if you haven’t heard the news uh FasTrack trading is shutting its doors um honestly if you have accounts I had five accounts left basically you should email them here requesting a refund uh are you going to get a refund probably not you know I already told everybody on the live stream that if I get any money back from FasTrack I’ll put it towards uh free accounts for the duck races and I’ll just give away the uh

The accounts that way um if you don’t know we stream live every day 1:30 to the end of the day we also stream live uh 10:30 till about noon um so come hang out bunch of good people in there uh but yeah so to get back to this my thoughts it’s uh it’s rough it’s uh a lot of people the biggest red flag to me was when he didn’t pay out $10 million and retroactively took away payments that’s where I was

Like Wow uh you can’t go back once you approve somebody’s payment you can’t change rules and then retroactively put them in place you have to say hey it’s from here going forward and that is when I stopped uh uh I pretty much stopped with them I mean you know you can’t do that to people but what was crazy was I almost actually bought more accounts yesterday but I happened you know because I was looking for some direct to funded accounts and

I almost bought like five accounts last night but I had to go out last night and I was like you know what I’ll pick them up tomorrow and uh I just didn’t get a chance to do it and then this happened um I’m glad I didn’t but it is what it is but guys I’ll be honest with you I think there’s going to be a storm of other things coming uh this is not I know a lot of people were anti

FasTrack trading but I think with something this large you’re going to start looking you know you might get more regulation with this this is probably going to spark the interest of people um I don’t know if the you know I don’t know who regulates this but it might start to get regulated under the rules of you know the market or under the rules of gambling I don’t exactly know and you know obviously nothing might happen but I know he declined $10

Million worth of payments plus more people paid like it could be $20 million out there of not getting paid out plus money that was paid in no accounts like this could get seriously large and that draws the eyes of people uh that are looking to regulate and make uh adjustments to things so I think it can go that way um you know you want more prop firms because the more prop firms the more uh competition there is so they got to

Give you better deals and things like that but at the same time they have to be regulated uh there has to be somebody that makes sure that they have a certain amount of money in the bank and things like that what was interesting was a guy on Twitter or company was posting that these that FASTT trackers making payouts I mean I just looked and they made a 500K payout but apparently uh payouts mean nothing and then somebody else brought up something

That like just because they make payouts doesn’t mean they’re paying people I guess you could pay your yourself or something I don’t exactly know how rise works but they were explaining it it’s kind of like a a Bitcoin wallet I guess but uh I don’t know there’s probably a lot of things that were going on behind the scenes you know you never want to see a company fa and then people and Traders lose money over something that they had nothing to

Do with but uh I will say that I think that there’s going to be changes coming withinin the next six months to a year in the prop firm industry also the ease of people popping up these prop firms needs to get tighter where you just can’t start a prop firm out of thin air um there should be a capital requirement in the bank and uh and things like that to make sure that you’re able to to do the payouts um you

Know things like that should there needs to be like rules in place I think uh I think there’s got to be somebody that if they don’t regulate it there just has to be uh somebody that’s in in control that makes it somewhat transparent that uh these firms are liquid enough to handle losses and um kind of what type of requirement on their part like if they have a th000 accounts out there like you need to hold x amount of dollars in

The bank there needs to be some type of that in place where if if they get crushed you know that there’s money in the bank to uh to pay um but yeah I don’t know what’s going to happen going forward I assume I assume I’m not getting any of my money back um and it is what it is but uh I know there’s some people out there that are in it deeper than me and that kind of sucks for you guys

Um I wish you guys the best I hope you guys get refunded um try your best I mean I emailed them and then they asked a couple questions like order number rise rise email and things like that but you want to be ear I told everybody on the stream when this came out you want to do this right now because they’re going to they’re going to answer your emails in order most likely and you want to be one of the first

People in the door you don’t want to wait till tonight or tomorrow to email them you want to be as as early as possible and yeah you want to be early as possible I told everybody on the stream if you missed it if you’re watching this do this right now um email them with your order number and try to get a refund you guys that are are due payouts I assume you’re not going to get paid I think they’re just going

To refund the accounts if that at all my biggest question is where all the money went I have no idea where the money went somebody posted a Twitter and Scott had like bunch of supercars McLaren and Ferraris and watches like I don’t know what happened to it but I imagine it probably wasn’t managed correctly um you know that would be my best guess you know because I assume these plat firms have data on the back end that are like hey if

A 100 people buy this account only five are going to get to pay out so this is what we make this is what we don’t this is what we make this is the payouts like they all have this data so I assume that when they changed the rules even early on like they knew that if this continues like this we’re going to make x amount of dollars um and then when they changed the rules to not pay people that was like

The massive red flag where I was done buying accounts but I assume that they would have stayed in business because a you didn’t pay out $10 million B um you have the data so you would think going forward you know how much money you’re going to make daily you know what the average payout is you know what the average person that buys how many people get to payout like you have all that data so I assumed from there they would have

Stayed in business um but no like if this was a publicly traded company they’ be digging into where all the money has gone um I I don’t know I would like to see where the money went and things like that um and maybe everything is fine and Traders just destroyed FasTrack because the rules were were pretty loose I think at one point you could have 40 accounts um you know but that that’s pretty much pretty much it I mean I would

Say you know go trade with uh you know my funded Futures you know takeprofit Trader in Apex those are the three that I would trade with if you were uh if you’re looking for another another place to go trade um also in the next three weeks Black Friday comes up you’re going to see a lot of deals coming out that’s a good time to grab a lot of accounts but yeah so I mean that’s where I’d go from here I would

I would request refunds if you paid by credit card I would try to charge back maybe I don’t know if that would work if you didn’t get a refund from them um I assume a lot of people are doing that and uh that’s pretty much it but yeah I I wish everybody the best I don’t ever want to see you know this hurts the prop firm Community this isn’t a good thing um you hope you know we trust these these firms

To pay out and uh you know this is definitely not a uh this is definitely not a good thing so I guess let’s just move on from this continue getting payouts from other places and uh we’ll see what happens all right I wish everybody the best and uh I’ll see you on the Stream

✅FREE DISCORD – https://discord.gg/X2sESgwStt

Transcript

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What’s going on guys so before I get into this single most important tool of trading that you’re probably not using if you’re struggling this could probably help you out the most but before I get into that we stream every day live here on YouTube 10:30 till about noon and then we stream again uh 2: p.m till about 4:30 p.m. every day but as you can see we had a crazy day we stacked gains and a couple people on the live stream

Today said that you know they’re struggling uh they’re not getting payouts uh you know just things haven’t been working and then I had a couple people that said that you know the same thing maybe two weeks ago and now they’re doing better uh guys you should be using this tool and here it is we have this freaking Discord for everybody it’s free doesn’t cost you anything go in and and post your setup and ask questions you know people post things through

The day I post in here when I’m not streaming live but here’s where you should take pictures of your of your setup and ask questions and and see you know if I can offer you help or another member that’s getting payouts can offer you help um you know if you’re struggling and you just it just hasn’t clicked yet you know I can share my setup indicators I use things that could probably make you a better Trader but you wouldn’t know unless

You ask and this is the place to ask you should come in say Hey you know I’m having trouble this is what my setup looks like this is what I’m using for indicators you know what do you use what are you looking for uh I created this channel as a place to uh to help people out we don’t I don’t charge anything I don’t charge anything at all it’s all free uh you know it it’s based to make people more profitable

Um you know this is Keith Keith posted this he’s obviously up today you could see my screen I’m obviously up a ton today um you know we’re getting payouts we we’re we’re trading and making gains and uh I’m here to help everybody out because we can all win it’s not me versus you it’s US versus the market and um yeah I mean I just want to throw it out there I mean this is supposed to be a spot where you bounce

Ideas off people people share their setups um you know people share what’s working and this is where you should be if uh you want to kind of not only learn something but talk it out bounce ideas off people we don’t only trade prop firms we trade stocks options and a couple other things so this is the place to uh to ask so I just wanted to make a video about that and um come on the live streams you know I could

Share my screen and uh you know kind of run you through whatever you have questions with how to set things up you know how to whatever it may be so I just want to throw this out there and um yeah hopefully see some new faces and uh we can uh just help each other out and you know get more payouts because that’s that’s what it’s about so all right I hopefully I see you guys in the Discord and see you guys

On the live stream and everything is in the description of the video

👉 Be sure to join our live stream each day here on Youtube 1:30pm-4pm each day.

Transcript

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What’s going on guys so another solid day as you could see by uh my p&l right there um we stack gains pretty much everywhere but one eval um things are going great before I jump into the rest of the video be sure to be on the live stream we’re streaming 10:30 in the morning till about noon 2:00 till about 4:30 and then tomorrow we’re going to do a special election stream we’re going to start at 8 at night and uh we’re

Going to be trading and looking at the election and just hanging out um yeah also if you blew any accounts use the best coupon code out there Cove Trader it automatically gives you the biggest discount at takeprofit Trader Apex my funded Futures tradify profit trade and uh even some other ones so everything’s in the description of this video along with the Discord link as well um but yeah so this is how my day went uh we we stacked gains all over

The place I mean we have a couple of accounts that are ready for just about ready for payouts um I’m going to bring it up right here so I’ve been using some of the new scripts I have uh really working out pretty well we caught the top over here you could see basically what happened was we made a new high and then when we made a lower lower high right here it was kind of looking Head and Shoulder is and then

When we sold through the uh fair value Gap I just took it short I mean you know I didn’t hold that long but one of our other members was also short he held he held a massive gain um and then earlier in the day it doesn’t get cleaner than this uh I took the bounce off this pivot point we basically opened we dumped we dumped basically right to the Pivot Point uh bought there and then you know honestly that’s the only

Trade you really needed this one trade off of this to the upside nothing else really would have mattered I mean you would have gotten you could have e easily gotten 4050 points and you know if you copy traded that you’d be done for the day but uh yeah I mean once you have a v-shaped recovery you basically come back to 34 then you could take it back up I mean there was trading was so clean today I thought it was amazing

It was all good until about 2:00 and then we kind of Consolidated here and then you could just tell the consensus was uh we’re going lower after we dipped here and then we couldn’t make a higher high right here I knew we were going lower and then sure enough we just kind of sold off um yeah so we made gains there this account was down this account was up this account was up and then in my take-profit Trader account I made

A separate video about this where you can learned something from my mistake I was up and just did stupid stuff real stupid stuff but uh yeah trading is becoming what I’m using I’ve narrowed down um what I’m using how we’re using it and uh yeah things are just it’s so clean now you know you can see right here we broke over the hourly orb when we came back in could have shorted it there’s a lot of things that gave me the

Short on this side um yeah it was just clean trading today you know super easy we did it on the stream live so it wasn’t like I’m telling you about it after the fact um if you’re not on the live stream you’re just kind of missing out especially if you’re struggling to make payouts or get profits if you’re struggling you should definitely be on the live stream definitely be asking questions on there and definitely be asking questions in the Discord that

Um I can look at your setup seeing what you’re looking at what you’re doing and we can just talk about it you don’t have to use the same setup that I have but at least we can talk about what you’re using and how you’re using it and what what your setup looks like and maybe tweak a couple things to kind of make you a little bit more successful and then you could start getting payouts and uh and things like that because

You know at the end of the day that’s what it’s about it’s just getting payouts and making money but yeah I invite any any that’s listening to this click on the Discord Link in the video Below in the description below and uh come in and ask post your your your trading setup ask questions um I should actually just make a video about that you know I I’m here to help it doesn’t cost anything and um yeah that’s pretty much it I

Mean I here to help everybody out but uh yeah other than that I thought it was a great day of trade and uh we’ll be back at it tomorrow around uh 10:30 all right see you then

👉 Be sure to join our live stream each day here on Youtube 1:30pm-4pm each day.

Transcript

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What’s going on guys so another great day on the stream if you’re not on WE stream every day 10:30 to about 12: and then again 2 to uh about 4:30 but tonight we are going to be streaming at 8:00 for the election as you can see I already have some tabs up um if you want to grab accounts I would say grab them soon so you not delayed uh be sure to use coupon code code Trader it will automatically give you

The best discount on all the prop firms take profit Trader Apex my funded Futures uh tradify but uh yeah so I grabbed a couple hopefully I get them by 8:00 and um other than that today was pretty good the only bad thing I did accidentally if you guys were on the stream you saw I thought I was buying five micros and I bought five Minis and blew the account so make sure uh you’re in the right right Tab and uh make

Sure you look at the size before you buy because uh it said five and I always leave this one at five but uh yeah so it didn’t it didn’t really work out um but other than that we’re getting pretty close to payouts on some of these I’m basically $370 away from a payout out and just kind of working up the rest of them that one’s below then these are just working themselves up what it was five at yeah so and then

We got this one over today added some more gains here I also have my takeprofit Trader accounts I got a 150 and a 50 we’re up on both of those today ah they reset my daily p&l all right I was up in in uh two of the three accounts in uh my funded Futures so that was pretty good I mean if you really look at today I honestly thought we were going to dump end of day it was crazy that we

Didn’t um but yeah I mean you could have ripped this right off right off the pivot point this morning I mean that was pre-market uh we kind of bounced around the Pivot Point came up then we ripped right out of the gate we ripped I mean it was uh I didn’t expect that to happen at all uh it was just it was pretty pretty wild I’m just going on both my screens right here and then um I I want to say

The trade of the day was when we came back and retest tested the 15minute orb which was right here I mean we retested the 15-minute orbb and bounced right off and that was it um we went all the way to top and then uh we had this play right here where we came back to the fair value Gap and then bounced out of it uh other than that we definitely had like a lot of chop I was definitely short byas when

We were consolidating around here I kind of thought we were going to round trip it especially here I was definitely thinking we were going to go maybe back down to the Pivot Point um and then we bounced and then we kind of it just looked real heavy and then I was kind of surprised at the end of the day we just kind of ripped it back up I know smci reported after hours apparently it says that they’re not a fraud um

Well that’s that’s positive news you know um just quick recap yesterday we lost 20 I don’t know 270 bucks we lost yesterday today we’re up uh 1585 so net net we’re up 1,200 on the week I think last week we made three grand and if you follow options or stocks follow the uh my other channel it’s called Cove Trader options and then um but yeah I mean you could just see indicators working well things are going pretty good things are definitely

It was clean trading for the most part today um yeah this account 111 was actually smoked I was down I want to say I was down over two grand at one point and made it all back um I kind of went on tilt got smashed and then just traded my correct setups but with size and uh obviously it paid off and and got it all back so that was definitely a uh a positive on the day but I’m going to go

Grab some dinner and I will see you guys all on the live stream in less right now it’s 5 o’clock 510 see less than three hours all right see you then

✅ 40% Off Take Profit Trader Coupon Code COVETRADER

Transcript

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What’s going on guys so I wanted this to be its own video because I wanted to talk about something that of course happened as soon as I got this takeprofit Trader account uh before I get into it if you like what I said smash the like button for the video also takeprofit Trader is currently 40% off no activation fee when you use coupon code Cove Trader everything’s in the description of the video also we stream multiple times a day 10:30 in

The morning and then 2:00 and then we’re going to do a special uh election stream tomorrow night at 8:00 so if you’re around come on subscribe and get notified but I made the mistake today just like everybody else does I got this account and with within a minute I’m already buying minis instantly over trading not waiting for setups um I know everyone else everyone does it and I did it to I was up I think I was up like over 100

Bucks I didn’t stop I didn’t wait for the setups and sure enough I end the day at down 255 uh takeprofit Trader I’m going to take this one really serious actually um I want to start doing the daily payouts I want to get this account uh funded and then I want to start doing uh I want to get it past the a buffer and uh that’s $52,000 and then you can start taking daily payouts and that’s kind of what I really

Want to do here it’s on my bucket list and um yeah I just kind of didn’t wait I knew we were going to go short um I told myself I was going to hold the short right here no matter what um and sure enough I get stopped out of the short and then what we at uh 112 I mean I could have got 30 points I could have got 600 bucks on that and then sure enough I go to you know

Short it again another mistake another mistake and it was just overtrading and I feel like a lot of guys tend to do that or people in general you know you get the accounts and right away uh you just start trading it instead of just for a setup look I had the short right here and I just didn’t hold it but we should start to see some volatility going forward I’m hoping to get every account that I’ve gotten with takeprofit Trader I

Always go down a th000 bucks on day one and then you know I’ll go end up getting it funded and whatnot but I always take a loss on day one with them I almost feel like I try to push it uh too hard right out the gate so normally I’m down a th000 so I guess I’m only down 255 so I’m going to take it easy and then um you know see what happens just take it easy now wait for the

Right setup tomorrow and uh hopefully I can smash it for like 6 800 bucks and we can start working our way up to getting it past but don’t overtrade guys even when you get the account for the first time just sit back relax and wait for the setups don’t feel like you need to trade right away once you get any account not just a takeprofit Trader account just any account I’m just this is what happened to me today and uh I

Can’t believe it it just happened it happened so fast I was up I should have just stopped and then um just overtrade so that is it

✅ 80% Off Apex Trader Funding Coupon Code COVETRADER

Transcript

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What’s going on guys so I want to talk about Apex Trader funding real quick uh the end of the pay period is on 115 this is the last pay period uh before the new rules come into effect by the way if you’re looking to get an account save 80% on apex Trader funding today using coupon code Cove Trader everything is in the description of this video uh we also go live every day 10:30 till noon and then again 2:00 till about

4:30 um but yeah so I just want to bring that up um just for an example the 50k accounts uh right now if you get to 52,600 you could take out $22,000 going forward you’re going to have to leave a buffer in there the buffer is at 52,000 I think it’s at 50 2,100 so if you get to 52,600 you could take out uh 500 bucks now and people have asked me what I think about it um honestly after I take

Out payouts I don’t want to say every account but the majority of the accounts I leave zero buffering I take out the max and I end up blowing the majority of them but you know obviously I’ve had accounts that have gotten multiple payouts but I do believe with being forced to leave the buffer in I’m probably going to keep the funded accounts a lot longer um basically it’s a you know it’s a built-in buffer for that you know that bad day

That you have um yes upfront you get to pull out less money but I think overall uh you’re going to keep the accounts longer and since Apex still has the $85 lifetime uh you’re not getting build every month so there’s no reason to like worry about you know how fast you can get there because they’re not charging you every month so I think the buffer is going to keep your accounts a little bit longer um also they did away with the

DCA rules so you can DCA you could trade news now you can do a lot of things now um it seems like they opened up the floodgates for you to make more money it’s just um the big thing that you got to focus on now is you are going to have to earn a little bit more in the beginning to create that buffer to then start taking the money out um but I am going to push couple of accounts that I

Have these are getting close I mean so this one has was it like 750 bucks I might even try pushing this one so this one needs I was talking about on the stream this one needs about 1,400 bucks I could do $700 in two days you know $700 $700 and get a payout [Music] um I think that’s what I might do I might try pushing the ones that are that I can to not break consistency rule to get the payout to

Take the $2,000 and then the rest of them I’ll just keep building up and worry about the you know build the buffer and go that route but uh it would be nice to get uh a payout right here I’m I’m right there on those accounts and then I got a couple others I’m just building up I’m not going to be able to get them to where I need it but uh I’ll probably hopefully take a payout here take a payout with

A couple of the other firms also this month um I already have the funded accounts so and I’m pretty much there but yeah so that’s about Apex I just want to let you guys know that the payout window ends on the 5th so you have two trading days left to get your payouts with the old system and then um and then after that the new rules are in place and uh you just got to build a buffer all right any questions

Comment on the video or come on the live stream and ask

✅ 40% Off Take Profit Trader Coupon Code COVETRADER

Transcript

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What’s going on guys so today I want to talk about how takeprofit Trader can actually make you a better Trader if you like what I uh talk about today use coupon code Cove Trader save yourself 40% plus zero activation fee everything’s right here um it’s all in the description of the video as well be sure to uh come on our live streams if you have any questions we stream live here on YouTube it’s all free um but yeah so takeprofit Trader

Pays out uh does daily payouts there’s no consistency rule on their funded accounts it’s you could trade however you want it’s actually to me the best prop firm that’s out there um so I just want to talk about it because the one negative thing that everybody talks about is the daily loss limit the limit is uh $1,100 in the 50 days I’ll go down to right here so daily loss was $1,100 and it’s end today draw down on the EV valves

But I’ll be honest with you if you cannot control yourself to lose less than $1,100 you should probably look at the mental side of your trading because you’re probably blowing a lot of accounts you’re probably not getting paay outs you know there there’s probably a lot of things going on that’s not related to the prop firm your strategy is probably needs to be tweaked you’re probably not charting correctly you’re probably following other people’s trades um because you really shouldn’t lose $1,100

In an account um in one day or if you lose $800 just be able to stop you know I tell people hey if you’re down 800 bucks just stop don’t even get near the daily loss limit and you just can’t stop and that’s the mental side of trading so I feel like if you can work you know work here the the pros far outweigh the cons the con is yes you hit $1,100 you lose the account but the pros are daily

Payouts same day payouts trade any way you want you want to DCA you want to do whatever um you could do do anything you want the only thing you can’t do is trade news for one minute one minute before one minute after other than that they just want you to make money you make money you pull money out it’s pretty simple you could have up to five of these accounts and uh yeah it’s it’s just super easy you make $5,000 you

Go to probe plus and you get a live account it’s the rules are super simple zero consistency rules get paid same debt pretty pretty easy um I just know a lot of people talk about the daily loss limit and that should not be a factor whether it’s take profit Trader or another prop firm um you should be able to stop yourself and um that’s the mental side of trading is to be able to say I’m done trading this account instead of

You know a lot of you guys start Revenge trading I need to make it back um you know that’s just what I want to talk about is you shouldn’t be once you start thinking about revenge trading or I need to make it back you’re no longer thinking about when’s the next setup when you know when does the market look in favor of the moves I like to take you know you’re thinking about just the money aspect of it and you’re not

Actually looking for a quality setup and that’s just what I wanted to talk about today is you know people worry about the daily loss limit you should not worry about that at all you should if you’re worried about that look at the mental side of your game um be able to say I’m I’m done trading for the day you should be able to sit here and not take trades you know I watched you know some people including myself I mean I

Won’t take trades sometimes for a while when I’m not streaming uh you know the idea is to wait until the the odds are in your favor and then you pounce and you put your your chips on the table but you know you should never really worry about something like this because you should be able to stop way before that but like I said the pros right now is I think it’s one of the best deals out there 40% no activation fee

And then on top of that you have uh daily payouts same day payouts and you know obviously they sink with all the normal firms you know they have the trade of eights you can put it on Quant Tower ninja Trader and everything else but that’s just what I want to talk about if that’s an issue you should look at other parts of your trading game and then solve that and then come to a firm like this

👉 Be sure to join our live stream each day here on Youtube 1:30pm-4pm each day.

Transcript

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Hey what’s going on guys so somebody on the live stream yesterday asked me to kind of explain the opening range trades that I take the setup I use uh the strategy and uh I’m going to go over everything right now to make it nice and easy for everybody um if you don’t know we live stream every day 10:30 till about uh 11:30 11:45 and then we come back on around 2:00 p.m. to about 4:30 p.m. every uh trading day it’s right

Here on YouTube also if you look I’m trading prop firms if you’re looking for any prop firm accounts and you want to save money the discount code is Cove Trader and everything is in the description of the video um ask questions comment on the video if you have questions I get back to every single comment uh the idea of this video is for you to learn um you know just under just giving you my thoughts how I use it if you

Have questions or how you use it differently comment on the video I want to discuss it so uh all right so I just set this up this is trading view if you’re not using trading view I’d probably recommend it it’s to me it’s the best charting software um if you’re not using this I guess toss is really good also but most people that are trading prop firms uh do not use toss so I I would say trading view is the uh

The top charting software it has a ton of scripts um I use it every day for my decisions so real quick I have the orb script right here it is this one I just typed in um right here this is the one by Z crypto1 123 so and then once I did it I set the times for whatever reason the time on my trading view is not my time zone so 8:30 is really 9:30 my time so if you’re looking it’s

Really 9:30 to 9:45 9:30 to uh I don’t know why that it works on the screen oh no that’s the hourly one that’s why the time zone is messing me up so yeah 8:30 to 9:30 which is really 9:30 to 10:30 and then so it’s the first 5 minutes of the market the first 15 minutes of the market and then the first hour of the market and I colorcoded them the hourly is white the 5 minute is red and the 15

Is green the reason that they’re all right here at the bottom is because when we opened up that was the lowest we went and we just went up from there I’m I’m I can only do Friday it doesn’t really go doesn’t really work going back does it no uh yeah some of them do but I’m just going to take Friday for an example and then I can go back so basically for the first 15 minutes I used the FIV minute chart

And then the F minute opening range after that it doesn’t really matter to me then I just use the 15 and the hourly and basically what I’m looking for is breaks above mostly or breaks below and then especially if we get a retest so something like this where you know the top was in we pulled back to the middle of the range that’s like the prime setup what you what I don’t like happening is the five minute closes up here we

Never move down and then we just kind of go up or we’re down low already and we never come off of it and then we just kind of go down I’m not a massive fan of taking those trades I like when the five minute is in you pull back a little bit and then when you break through um I I like playing them I did a whole back test and it works um obviously when it breaks through it usually has some

Type of momentum you could easily I think the minimum of it was when I did the back I did a monthly back test and I did it manually if you’re wondering it was like four or five points so like every single time it broke I could have grabbed four or five points um but yeah the moves are sometimes significant I love the back the back test of it if this would have came all the way back down just a little bit

More that’s another trade I would take is the back test and then you shoot off um and then the green you know once we go past 9:45 a lot of the times I disregard the five minute and now I’m only playing the first 15 minutes and you can get the same thing and this is what I was saying about the Breakthrough like you know they punch through sometimes you know cuz a lot of people are asking me well why don’t you

Just hold it cuz a lot of times you get this so you’ll break through the 15 you know you get the move up which is what is this so 64 I mean that was pretty good that was 20 point move but even on these little candles like we break for five minutes and then you can come back down and for that reason I don’t um I just take the scalp off of it a lot a lot I’m looking to get four

Or five points so what is it 66 yeah this went up to 72 so that’s 6 points seven six points about so you would have got this Wick I usually go for Five Points so you would have got five points and then if you look it would have pulled back 64 all the way down to 45 like that’s a kind of a significant pullback if you’re scalping um and that is why I play for about five points on each break you

Know I would get Five Points here Five Points here and now I got 10 points so if you’re playing with one mini you’re at $200 already and you know it’s before 10:00 you don’t really need to take any more trades after that um but there’s other things that that I look to happen for one you know once you pull back you know I watch I don’t play the second breakthrough if I’m going to play anything I want it to break through

And then retest uh that that’s that’s one of the plays that I love um the reason I don’t play second breakthroughs or even when you look at me when I play pivot Points I don’t play second touches it’s always the first touch um after that it’s just you don’t always get the same momentum so I would be worried that we’d come up here reject and fall so we ended up breaking through great and then I would basically Target the uh the

Retest and then we got the retest right here and then you know we ran the reason these white lines are here is because that’s how the script draws it and then at the end of the uh the hour it just stays up um but yeah so the hourly was made right here obviously I don’t play the break on the hourly if it was made right there I want to see it come down a little bit and then we came all the

Way back down so I probably wouldn’t have played a retest if we came up here and retested but once you get air so we’ve gotten 66 all the I mean we got 100 points it’s a lot of air so I mean we come all the way back down and retest again I’m willing to take the the retest bounce off and sure enough that’s exactly what happened we got the 100 Point down we retested and then we bounced off again and this

Was literally a perfect day to play uh play the orbs you know we came all the way back up um I being that we ran 100 points I was not interested in taking the break of the hourly orb anymore um I was actually looking for a short we were on the live stream and um I was talking about this how I wanted it to sweep the top get the liquidity so basically a lot of people have um who are short here

Probably putting their stops here and then people are buying the breakout right here so you typically going to get a move off and I was like man if we come back in the hourly orb I’m taking a short and sure enough we broke out did exactly what I said we came right back in sold off and once we were under the hourly orb I was like I’m in short and sure enough that was an awesome move um but yeah that’s how

I played the orbs um for the most part and you know I am pretty much depending on how my accounts look uh would I play another retest down here I don’t know maybe half size you know half size with uh you know maybe like a 10-point stop which you know you got close enough to get in here cuz what is that two points Four Points closeness I mean you could have got in here for a little bounce you know it’s one

Of those that I would just being that I had a good day I would play half size and then after that the orb really doesn’t mean anything to me um you know so as we go above and below and above and below like this it doesn’t mean anything anymore we’ve already crossed it we’ve already bounced off of it um the more times you hit it and you make the move off of it the L um anything becomes as strong so I

Kind of disregard it after that but you know that’s why when I get on the stream I always talk about you know majority of my orb moves have been done like you you I’m not looking to play them later on the day because it’s been retested it’s you know it’s bounced through it’s it’s made its move you know after that it’s just kind of whatever um so most of the time these plays come in you know come in probably before 1:00

You know you’re looking for the the shoot through the bounce let me see if we can get some of these uh you know great example we set the hourly I would not look to play through it here you know we bounce and then we come right there and now we’re like literally consolidating right above the hourly once that breaks I’m in I’m freaking in I mean and then you got the dump you know that was a prime setup same thing happened

Here we dumped we created the five minute actually we created the 15 as well and we consolidate it right low not only that you’re in a bare flag and you’re right at support on the five and 15 minute orb in a bare flag like Market I’m I’m in I’m all in on this this is like Prime setup and then sure enough it breaks and just freaking [Music] unloads so those are two days I mean I’m not keep scrolling back I mean

Literally I’m not cherry-picking it was yesterday and the day before um but yeah so I set this up I use this script you can use uh a lot of other scripts have it I mean I have it on Quant tower has it they have the opening range and you just kind of Set It uh you could set it on ninja Trader you can do it I have not on trade of eight they have a script for it I I don’t I

Haven’t played around with it but uh I don’t know if you can edit the script on trade of8 and that’s that’s the biggest issue but yeah so this is simple I use the 55 an hourly um plays out majority of the time uh if you have questions about it come on the live stream comment below and uh yeah hopefully you throw it on there and it uh you get it to work just like I do all right I’ll see you on

The Stream

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Transcript

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What’s going on guys so the questions I get on this stream are always for one thing when really you’re asking the wrong question the question is always uh what do I think about this prop firm what do I think about that prop firm um really there’s three prop firms that you should be on you never go all in on one I like to spread my money out I actually trade in five but we’ll just say you should use couple like three

There’s Apex takeprofit Trader my funded Futures you don’t really need anything outside of that the rules are a little bit different on each but they pay fast they’re all quality they’re all running discounts just use coupon code Cove Trader it’ll automatically give you the discount everything’s in the description of this video but the real question you should be asking yourself is what indicators should I be using what my trade setup should look like you know what time frames are you looking

At those are the questions you you should be asking because if you’re not profitable at TOP Step not TOP Step takeprofit Trader or TOP Step or some of these other other firms you’re not going to be profitable at Apex or you’re not going to be profitable at uh take profit Trader you know so I would go on the three main ones outside of that uh you know you should focus more on this this is trading view you should have trading view

Up look how many scripts there are these are just ones I favored you got uh technical scripts these are all ones that they give you they have all strategies um and then you can go into the community scripts which they do editor picks and then you do top the top just Scrolls for these how many people I think are using it and you just keep scrolling and scrolling and scrolling you should be testing out which one of these work on your

Setup which one you like visually you could also change some of the visuals on it I keep multiple charts up this is my main setup these are the the scripts I use the EMAs are actually 9342 200 and 377 um this is my main setup and then as I go to other ones I have different uh scripts different setups that mean different things that I’m looking for uh just yeah I mean you should have different time frames up you should be

Focused more on your trading setup your indicators you know your charts your strategy more than you should be focused on what platform you’re going to you know yes they’re all running deals I put the deals every day in the description of the videos so you can look scroll in the bottom you can see all the different deals we talk about it on the stream you know who’s running a deal what’s the best one for your money we talk about all that

Stuff but at the core or it doesn’t matter if you get if you pay $10 for accounts if you’re not profitable you’re never if you’re not passing accounts you’re not getting payouts it doesn’t matter you should be focused more on this rather than what prop firm you’re at and that’s what I’m trying to drive home to you guys is focus more on the process not who you’re trading with that’s like telling me Oh I trade with a merit trade oh I

Trade with e trades better well if I switch to E Trade I’m not really going to be more profitable like you know I’m at er trade now like somebody said why don’t you switch to se and so it’s like it doesn’t matter you know I’m going to make the same amount of money whether I’m at one place or the other place you know my goal should be focused on finding the setups executing holding longer getting the big gains focus on that

Rather than who I’m trading with listen they all have different rules it is what it is um but yeah you should be on here you should go you should go you know going through all the indicators put them on your chart see what they look like back test you got I have the replay thing so you can just put the replay here you hit play and you’ll see how your uh I’ll even speed it up you can even see how your

Different indicators show up in real time you know so you can back test and kind of forward test on what it would look like hey I would take that if you got you know the indicator said this and this and you know whatever it may be so this is more or less what you should be focusing on and less about who you’re trading with but I gave you the three main ones everything’s in the description of this video if you have

Questions come on the live stream comment on the video and uh I’m here to help you out also the Discord link is in the description of the video as well and that’s free you can ask any questions you want in there as well

👉 Be sure to join our live stream each day here on Youtube 1:30pm-4pm each day.

Transcript

Auto-generated from the video audio — expect imperfect punctuation.

What’s going on guys so I want to tell you about some things about trade of eight that you guys may not even know about and uh maybe a couple other things so before I get into this uh we started streaming at 10:30 eastern time now 10:30 Eastern Time to about 11:30 12 and then again from uh 2:00 to about 4:30 so if you’re around either session comment hang out also uh be sure to smash the like button uh if you’re subscribed

And you’re not getting notified click the Bell button and be notified and uh if you happen to blow some accounts like we all do use uh coupon code Cove Trader it’s uh everything’s in the description of this video Discord link all the discounts for prop firms all the goodies right in the description so here’s something that I I was talking about on the stream and some of you guys didn’t even know about this so real quick on trade ofate you can

Just click and obviously you can click buy and then you click sell but look what it’s doing it’s making the orders most people didn’t even know what I was doing so what happens is I put this buy order as soon as I put it has a stop and I take profit if this trades down this order with the dash line will not get filled that’s only goes live once you get filled and you could still move these around basically how you

Do that is you click right here yours is going to be off you click on and you set your take profit you set your stop loss I leave it at stop and then you can do take profit stop loss or you can just do a stop loss or just a take profit and I show it in ticks and that’s it so basically now what I do is say this works great for overnight so say for overnight I think we’re going to

Trend down to maybe 20,000 right well I’ll say you know what if we hit 20,000 we’re going to bounce 80 ticks so I’ll set it right there and then you can move as you move all the orders move it so look 2003 I know if we trade down we hit this as soon as we I get filled this take profit will go live this stop loss will go live and whatever one hits the other one cancels so I like these orders

Especially overnight um I can just leave it and I know how much I’m risking and what my takeprofit is um I do think we’re going to sell off right now I think we’re going to sell off massively actually um the reason I think we’re going to sell off it’s just it’s weak apple is weak after hours um not only is Apple week after hours Amazon is up 6% maybe it starts to give some of that back um uh actually it’s we’re

At 8:00 I just feel like the the market in general is kind of weak right now so I might uh I might set my stop to be like maybe High willing to risk a lot willing to risk a bunch and maybe we Trend all the way back down so anyways back to so that was one of the things a lot of people don’t know about the community script basically we have the indicators here and then there’s more indicators in here you

Can type whatever you want and as you could see as I scroll there are indicators for pretty much everything another thing you could do most people don’t realize is you go say you downloaded trading view um you click on trading panel and you could syn your Trader eight up with uh trading View and then you’ll have access to this platform for basically free you don’t get all the bells and whistles but you can use this platform for free um just a

Little tidbit some people don’t know about see what happened was we dumped we came back up hit the 34 rejected um I would think that we were going to trade down probably to probably to the lows I don’t know how long I’m going to hold this for um I think if we get a flash down maybe I just take my profit maybe close the gap if you guys weren’t around I walked through some great trades today literally handheld people through trades

Um yeah we had a really good day actually I might take this we’re up almost $300 already um I I walked through two trades back to back today if you weren’t here for it um let’s see which ones they were I mean it was oh man I’m trying to think I was on the Stream So how to be how to be this so this was what my screen looked like and you can go to my stream recording and listen I think

We broke out created the fair value Gap and I think we traded back into it trying to think if I Lots happened I went trick-or-treating we had some drinks I’m just oh so yeah right here we traded back into the fair value Gap you can see right here and then we took that long we sold out at like the top and then we came back in here yeah this one took it where did I take it yeah and then we took

It up and then we sold right up here so we basically took here up and then we caught the bottom and then brought it right back up yeah it was a really good trade we hit it on the stream bunch of people if you’re not hitting trades like that get on the live stream yeah and then it just dumped there end the day yeah so anyways that was pretty much it and let me get out of the replay area do yep

If you don’t know about it you should use the replay area because you could see how different indicators play out as you run the replay um that was a good take profit we literally took profit at the bottom right there boom and that’s pretty much it so hopefully I see you on the stream and hopefully you guys made money um and you’re enjoying a nice uh Halloween so I shall see you guys tomorrow