LIVE TRADING W/@edgeful

Recorded: March 26, 2025 Duration: 1:53:48
Space Recording

Short Summary

Rivian secured $105 million in funding from Eclipse Ventures for a new startup, indicating ongoing investment and development within the company.

Full Transcription

What is up? Good morning. Happy Wednesday, March the 26th. It is time for some live trading here on Wolf Financial.
And let's take a peek around the market and see what all is going on.
A quick note, we did hit the 200-day moving average and after hours yesterday on QQ.
I'm not quite sure if some of you count that or not when it happens in after hours,
not in the New York or cash session or RTH, whichever term you guys want to use.
But we did touch it right there.
And after hours, pretty much those highs yesterday around, let's see, what was it, about 430 Eastern, 6 Eastern.
Those highs right there, right at the 200 day of QQ.
Of course, if you go to your daily chart, you'll see we were just short of it.
And we have since pulled back just a little bit.
We are slightly red based on yesterday's clothes coming into the morning here.
QQQ is down 0.13%.
So not a whole lot of red.
Actually, that just happened like in the last
probably this candle honestly and spy the s m is break even iwm is slightly green going into this
wednesday and the dow diggedy is also great how about that going into today uh let's look across
the bigger stocks out there and see what we're looking like as we get ready for wednesday live trading
Let my watch list here. Let's see what is moving this morning.
Looking across the top 10 tech stocks, Mag 7 and a couple others.
Mixed bag here. We've got Broadcom down almost 1%.
We've got Navidia down 1.7%.
It's been just tracking down all morning long.
And what else do we have here?
Let's see.
We have a green Apple, a green Amazon, a green Costco, a break-even Microsoft.
Tesla down 1.6%.
Meta also slightly red, Google slightly red.
Netflix, slightly red.
Two concerning through there, scrolling through some of the other names on my watch list.
See if anything sticks out like bigger, you know, up or down more than 1%.
Looks like Rivian is up.
A little over 1%.
I just had a pop.
I believe there was some news there.
I didn't quite see exactly what the news was.
I know K.C. saw that.
So maybe he'll fill us in when he jumps up here in just a moment.
Good morning, guys.
What's up?
What's up, Maple?
And yeah, that's about all I see.
We did have some slight movement this morning.
We had some economic data come out.
Wasn't anything too big or two earth-shattering durable goods came out.
Looking at the numbers...
It wasn't anything that just really stood out to me. They all came in a little bit higher than
expected. We do have Fed Crash Kari, as I call him, at 10 Eastern, Fed Muslim at 1010, and I believe a five-year
note auction, yes, at R1st.
1 p.m. Eastern and that's about all that's on the docket for today so hopefully another fairly
quiet day and uh yeah with that we've got nine minutes uh about eight and a half minutes i guess now
till the open so start getting some thoughts around the market maple stacks what do you see
out there how are you how's your morning going oh cold shoulder from maple stacks
he got rugged you must have clicked a link mr k c are you up here with us
Testing, testing, testing, one, two, three.
Testing, one, two, three.
Hey, what was the Rivian news before you go any further?
Let me one second.
I'll pull that because...
I was just looking at that not too long ago.
Rivian spins out a new micro-mobility startup called Also with, let me click on this actually.
This is the link from TechCrunch with $105 million deal from Eclipse.
So let me see.
Oh, da-da-da-da-da-da-da-da-da-da-all.
It popped pretty hard and it's given some of a back.
So, yeah, so essentially just in a nutshell, from Eclipse Ventures, they have given $105 million in funding to Rivian for a startup called Also.
Also, which will stand, it says, which exists as a standalone company from Rivian, but the two will closely, be closely related.
Rivian holds a minority stake.
Blah, blah, blah, blah, that's really about it.
So it looks like some kind of new startup shit that they received $105 million in funding for.
Well, interesting.
Well, I know our friend Notts will be happy about that.
I want to get excited about that chart, and it just, it disappoints as much as AMD, I feel like.
I'm still holding a couple hundred shares at 12 bucks.
So, I mean, I don't mind having a $12 cost basis right now on it.
If it drops in $10, I'll add more, but having the few hundred dollars, or sorry, the few hundred shares gives me able to make a few dollars with selling cover calls and cash secure puts.
Yeah, it's a cheap. It's a cheap stock to own shares in. I don't think it's going to fall off the face of the earth. I think it's going to stay relatively above 9 and 10. It just struggles around that $15 area. So I'm smack dab in the middle of my cost basis and just going to sell those covered calls and cash secured puts and get some extra money.
Right. What else you're looking at this morning? I'm watching the video just trickle down.
Just like, it's just slowly going down like a bunny slope, like a green over there on the ski mountain.
Just yeah, just blushing down.
So, I mean, I don't want to be the bear in the room or a Debbie Downer, but I mean, I trade with what the market gives me.
And I know me and you, we kind of talked about our thesis overall from what we would like to see than the market.
So for me personally, I'm looking for downside here on SPI and SPX.
And I'll send a...
a chart and pin at the top of spaces for the listeners.
And this is just a thesis here on SPI.
So 576 to 577 is big resistance.
And that area was tested yesterday.
All those upper wicks are on 11 o'clock to start that move down.
You go to the hourly on SPI.
We have a trend line that's going to take us down to about 575.
underneath 575 again and this hourly trend line,
Spy is in a squeeze right now that has a little bit of bearish divergence.
And if you look at the daily with the candle closed yesterday,
it's a nice little doji right above the Daily 21 EMA.
So my thesis is lose the daily 21 EMA
and we're gonna pull back and see potentially the Daily 9 EMA.
If that happens today,
It creates something called an evening star, which is a bearish candlestick setup, which would then follow gap fill Thursday for SPI and SPX to fill that gap down from the overnight weekend gap up.
And then it will hit a trend line to put in a higher low and we bounce on Friday.
Again, this is just speculation. This is just a thesis and technical analysis, what I see on the chart. Nothing has been confirmed, but that is something that I am mainly watching right now. So again, don't want to be the big bear in the room, but that is what I see as of right now.
Yeah, we'll see what happens.
I was mentioning earlier, right, as you guys were joining up,
we did get to that 200-day moving average
from the underside of QQ.
Spy yesterday was supporting on it.
And here, kind of in the pre-market,
that's basically where, or overnight, I guess,
it's basically where it came back down to maybe a little bit.
higher stopped a little bit above it, but, um, you've got spy trying to sit and hold above the 200
day and you've got QQQQ now rejecting it. So we'll be interesting to see. We have a couple
nice up days. Uh, honestly, three up days in a row if you go back to Friday from the open,
uh, and this move actually on the market here in general, um, I would love to see this thing pull
back, make a higher low and then give us a nice solid leg up, uh,
across the board.
But we'll see.
They haven't made the pattern side of things just too easy.
Maple stacks.
you always had your uh sorry i don't know uh as soon as i accepted co-hosts it started bugging out so
hopefully you guys can hear me now yeah you sound great hope you're having a good morning yes i hope you
guys are as well uh right now i'm watching our futures uh they're just kind of ranging in between
the london orb here nq rejected off of 484 which is the london orb hive and i just tap the lorb low
right 440 so uh i'm
I'm wondering if ES is going to do the same here.
Lorb high is 825 and then the Lorb low is 816.
So it looks like it's going to potentially gravitate towards that 10 minute 200 EMA as well.
And I'm watching this for a potential maybe pullback for the longs.
I'm looking at the two hour 9 and 20 EMA on SPI.
This is a great gauge of momentum for swing traders especially.
But the momentum has slowed down just a bit here, right?
I'm not seeing that sense of urgency quite yet like Casey was talking about.
So if they can defend, what is that, 574.3, that two hour 20 EMA,
I'd look for a breakover yesterday's high area around 576.4.
Of course, we have to have intraday confirmation.
I will look at, you know, how our EMAs are stacked up with VWOP as well as candle by candle method.
But also watching Tesla here.
Tesla could come down a little bit lower.
I'm marking a fib from its previous day low.
One second.
From its previous day low to the after hour high, that 50 Fib comes down to 281.21,
down to 278.84 on the 61.8 Fib.
So I wonder if they sweep liquidity near 280, and then buyers can go to the position there, of course.
Again, you need to have intraday confirmation that buyers are present.
I look at a CBC flip, of course.
And, NVIDIA, very weak.
I wonder if that weakness carries into the open here.
Selling off into the open isn't my favorite setup, though.
So if I am going to look short, I'd look for maybe a sweep over VWOP or the 20 EMA over 119.
But that's pretty much all I'm looking at.
I'll get the spy directional analysis pinned at the top as well.
giving you both long and short targets today, unbiased perspective, as well as key levels for buyers or sellers to maintain.
So there it is pinned at the top of the nest.
Beautiful and great timing because we have three, two, one, ding, ding, ding, open them up.
Let me in.
I have been short since last night at 520s, and I hit almost all my targets overnight, so I'm just holding a little bit of that short here.
My one final target, just brutal.
I was 426, and it stopped at 429 this morning, so that was brutal.
But we'll see if I can get that last trim, and then wherever the runners want to go, they can go.
I just figured hitting that 200 day would give us some type of profit taking or pullback.
Maybe some bears getting a little excited to jump back in there.
So that's mostly played out, though, at this point.
So we'll see what happens here at the open.
Navidia down almost 2%.
Tesla down right at 2%.
What else we have?
Broadcom down almost 1%.
Google's down.
Apple red meta red Amazon at break even Microsoft at break even why didn't I was hoping to get some kind of green mag 7 name in there did not didn't happen
They're just not going to go down there and take the mind where are they Microsoft's coming down now too
so mr. Frank
Frank, you didn't want to hold that short with me last night.
You know what?
To be honest, I covered, I had a stop order in and then I had some other stops above it.
So it hit my stop and then it went long and then I noticed it.
I heard it and I ran downstairs.
It was up like 14 points.
I just sold it and I'm like, I should short in here.
That was right at the high.
And then it came in and I'm like, I just leave it alone.
So I was better lucky than good.
I had a little short this morning from 2482 down to this 45 level.
So I'm flat.
Kind of looking, it's looking like a little heavy here.
A lot of loss.
A bit risky here.
I'm going to take ES short, 10-minute CBC risk.
Maple, I notice he's trading ESF a lot more.
Yeah, I like the slow pace.
You know, NQ is great in all.
You know, I still love trading it, but considering, oh, nice rejection there on NQ and E.
I just got my fill finally.
That's my last trim on the short.
That's set out right at 100 points or so.
But considering the price action, we've experienced the, you know, past few days, I wanted to slow it down.
You know, NQ's, you know, like I said, fantastic, but...
In a tight range, you can get chopped up and then it go in your favor versus ES.
I think, you know, with that slower movement, I can size a bit appropriately.
And, you know, if it does pull back against me, it's not as painful for sure.
You know, like longs there, if they hit it at 450, you know, down in 420, that stings pretty bad.
And that was like a one-minute candle.
Yeah, exactly.
Even I went over to a yes yesterday.
Nothing wrong with it, guys, you know, for the listeners.
Nothing wrong with slowing it down.
I like it.
And when I'm also in SpyPuts, breaking 575, want to see that trendline break.
It really needs to get under like 574.3 today and hold under that to continue downside.
But I am in SpyPuts.
All right.
Five point gain.
I covered half.
And one thing I will say, you know, for the listeners is like if you do move, you know, to to ES from NQ or you just slow it down with the micros, you know, don't look back and think, oh, look what I could have made had I sized up or traded the minis or traded NQ.
You know, that that type of, you know, comparison mindset is just going to hold you back in your trading career.
So just stay focused on what's working for you and what you're comfortable with daily.
We got some more people joining us this morning.
Stocksniper, good to see you.
Evan, good to see you.
And I think we've got our friends from Edgeville coming in as well.
I am so short.
Irresponsibly short.
You're responsibly short.
I've been short since last night.
Pete Trades, good morning.
And there you're here.
I'm also short hood.
I'm not going to touch that one.
What's up, Nate?
Hey, how are you guys doing today?
Doing fantastic. Awesome. Sorry about that. My audio isn't working there for a minute.
I guess everything is good. Spaces has been a little glitchy this morning. I know Maple had some issues trying to join it first as well, but there you go.
When you only have six people that work on the Spaces team for all of X, I guess that's what you get sometimes.
Andre, what's up? What are you seeing this morning? I see a gap down. I
I don't know if I, I mean, price is starting to bounce now on NQ.
I see a gap down on NQ.
I'm a little bit hesitant to take it, but, I mean, it's making the run now.
I was pulling it up to see what the size of the gap was.
I just filled the gap.
I actually filled it on that first candle with the volatility.
But QQQQQ has some upside room to fill the gap before maybe we hammer some shorts.
Yeah, for sure.
So that's what I'm looking for in NQ right now.
and that's uh what price is that at it's like roughly 2487 yeah let's see 493 46 that's about
yeah that 490 area yeah on uh in q it's not that big of a gap either to go fill yeah i know
especially if you uh i was looking this morning at gaps on wednesday's not bad the size of the
gap 75% chance we go up and fill it that'd be interesting
All right. Let's see.
And Wednesdays, too. Wednesday's pretty strong.
Oh, I'll have to take a look at that.
Stocks Night Pro, what are you watching this morning?
Mike check, mic check.
Mike check.
Yeah, it's awesome.
Yeah, I'm taking a look at the spy as always, but I'm looking at we got a micro level at 575.30.
We've been going through it already today.
Obviously, above us, I'm looking at 576-25 as a potential rejection.
And then below us, I'm looking at 574-25.
One thing that I do see, though, just like Anthea pointed out, is that gap down on spy.
I will be taking a look at that.
And, you know, I'm taking a look right now at the Gapville report and getting some percentages of statistics kind of to back this thesis up.
I like it. I like it.
You, uh, wherever you find, man. Post it up in the nest.
We'll take a look at it. Of course, we got the man himself that created it here trading with us this this morning.
Andre, you're taking any, uh, taking any trades over there?
Slowly getting angrier and angrier.
I'm not taking this, that I didn't take this long targeting the gap fill.
The craziest Edgill data I've seen thus far was the Hymns one that I put out yesterday.
And I find it very interesting that Hymns 100% of the time fills the gap.
And even as small as a little 15 cent gap to the downside that we saw,
We ended up seeing him, or 17 cents, excuse me.
We saw him's drill right down to the bottom of that gap and then come to start, eventually
start to trade higher.
But it was just pretty interesting and very fascinating how effective that was.
It's when you're looking at some of the, when you're looking at some of like the more,
like not the mag seven, like some of the more, not random, I guess, but.
like the smaller names or like Uber, Snapchat, hood, all of those.
It's like not something that I look at.
So it's always so interesting to me like how other people use it.
And what they're willing to trade, like for example, HIMS is not something like I ever
look at the trade.
I know it had a huge run, but it's not something I trade and like even our users will say,
hey, I saw that like in our Discord, they'll be like, hey, I saw this crazy stat, like
exactly like what you just said with Hymns.
It's always interesting to me to see what people are looking at.
And even some of the requests that we get to add certain stocks is always interesting.
Because like I always stick with the indices.
I don't really kind of move around too much like Tesla, Spy, QQ, ESNQ.
That's like pretty much all I look at.
But yeah, we have everything, which is important and nice.
This is divergence today. We have Spy Stronger today and Q's weaker, which is the opposite of yesterday, and IWM even stronger. It was like the complete opposite of yesterday.
E. Trades, you say you were shorting hood?
Yes. I mean, hood puts for Friday.
I see Avanito up here on stage. He is out there at that event.
It's not that I hate hood.
It's just a technical thing for me.
I think it loses the 47s.
You think sell the news?
I think the NQ short, 10-minute CBC risk.
Yeah, that's a pretty big, pretty big gap.
I'm still in my spy puts.
I'm looking to add up here.
I'd like to, I'm in 45 puts.
I don't know that it gets all the way down there,
but I'm going to try to use the market instead of letting it use me.
We'll see.
If Hood were to flip green today, I might would, you know, mitigate.
15 point gain, NQ covered half.
Big outside candle on the open here on the 10-minute first spy.
Starting to see some upper wicks form.
There's heavy, heavy, heavy resistance up at around 577.
that I see.
But we'll see exactly how strong this market is on this dead cat.
We'll see how dead this cat is.
And I'm also...
Today might be the day that they try to kill it.
And I'm also in the 115 puts on Invidia.
It gap down heavy under the 30 minute 50.
So kind of makes...
Friday kind of makes sense I'm just looking for the 116 area though not the full 115 target and
I'd like to see it lose 117 here ideally
Nate you were starting to call out something I thought too might have got lost in the wash there
What are you watching today? What are you trading? Hey, I'm currently in a AVGO call position
holding that I'll probably get an addition very soon here but I am looking today for an
XLF short I'm looking for finance sector to try and slow down that rally as we head
into some key levels but as you can see XLF this morning including JPM
G.S and BAC. They have been pretty strong. But that is one of definitely keeping a close eye on as they prepare to break down for me.
Rising Wedge. We'll see if that's the case, but mainly this AVGO for a long is what I'm watching.
But they are getting ready to break new low a day here or pre-market low. So we'll see what happens.
And then on hood, should we lose 47s here?
I think it escalates down a little.
Nice add on the spy puts there rejecting previous day high.
I'm looking for this move back down.
Yeah, KC as long as I was, I wanted, I wanted KQQQ to come up and like fill that gap first.
And I was going to hammer both.
I have the S pulled up to short as well.
Yeah, I haven't shorted Q's just yet, only Spy, but I am looking at QQQ for a potential short too.
Damn, nice short, Casey. I wanted that short right there at 576.
A bit risky here. I'm going to take Tesla 275 put, 10-minute CBC risk.
I am still, with my ad on Spy, I am still down 3% right here on these puts, but I'm just chilling.
I'm looking to play the long bounce on Q's here.
They're not, or you are?
Yes, I agree.
So, price is like, my initial idea for the gap, though, was right around here, around
this like 420 area for long, realistically more 425.
Do you guys like when price moves so far in your favor and you missed the entry and then, do you still treat that second entry?
Like right now, if I were to enter long, do you treat that second entry as higher, as equal quality as the first time?
Oh, that's a tough question because like, yeah, sometimes like if you're playing a reaction trade, like the first time you want to take the reaction, second time you're not as confident, right?
But sometimes you like to wait for that second chance when it's super volatile like this.
I think it's that's got to be very situational for me.
I'm going to be right now.
I don't I don't like it as much anymore.
But what were you going to say?
I'm going to be the devil's advocate here.
Sometimes I feel like when there's more evidence of something working, it might be more effective, to be honest.
So my trade idea, using the Gapfell stats on NQ, was getting along, targeting roughly 20,000 488.
My entry was around my idea of the entry, which I didn't take, unfortunately.
Well, fortunately now, but was the 430s.
So now it's back in the 430s, roughly.
Do you guys feel like that second, if price moves towards your target and then comes back
to your entry, is that a good place to add?
Or do you not have the same confidence in that trade anymore?
I think that, you know, of course, risk or reward-wise, but, you know, I love trading around
that fear and greed.
So like you're saying, that second opportunity, you know, that may be where buyers are fearful,
but sometimes...
In my experience, that's the best time to take that entry, right?
Is when, you know, buyers are fearful of stopping out.
Most retail traders aren't going to pick up on that.
So maybe they foam on the short because sellers feel greedy, you know, inadvertently.
And but of course, it all comes down to risk or reward, right?
Like I think on NQ, if looking long, you know, obviously that previous open candle low would be that risk area.
But they just pick it up at 18, push it up 10 points.
Nothing crazy, right?
We want longer targets than that.
Um, but the risk for reward is there.
For me, looking at candle by candle method, I don't have the long perspective quite yet.
But I think, you know, I also used to trade or I still trade alongside like, it's called the 84% rule.
I don't know.
1-17 break on Nvidia, baby.
We're rejecting this pretty hard.
I'm looking still for this 575 break on Spy.
That hourly trend line is going to flush it.
This five minute is a beautiful evening star off this rejection.
I really want to see this flush.
This will pay these points nicely.
I just went along.
Cues me, low of day.
This is the spot for it to bounce.
I hope it doesn't, though.
I'm green now in these puts, but I'm not trimming.
This is based on a bigger picture.
I need a bigger move.
I was longed 410.
I'm looking for like 440, 460.
And if runners can take off, I'll hold it for that gap, Phil.
So I had a question, Amp and Andre on your Edgeful data.
What kind of routine do you guys have each morning when you log in looking at Edgeful?
Yeah, great question. There's definitely a lot going on with Edgeful. You just have to kind of figure out what you like. So for me, I really like the Gap Hill. And I've gone through a few of the reports that obviously I like. But
Really what I like to do is go through what's setting up now.
So there's a certain set of reports and everyone kind of figures it out as time goes on.
There's a certain set of reports that you gravitate towards.
And for me, it's previous days range, gap fill, initial balance, and opening candle continuation.
And those are the four that I always look at.
So for me, first thing that I do is I notice, okay, we have a gap down today.
We're opening inside of previous days range.
And then now, as price kind of develops, I can see, for example, obviously the gap fill is bullish here today, which is currently not working too well.
But the staff show that the gap fill percentage for Wednesdays and for the gaps size is very high.
So it gives me some conviction, even though everyone is very, is short biased today.
It gives me some conviction to target that gap fill. Now, today I could be wrong. And that's totally fine.
Because over the next Exxonot trades, 20 trades, 30 trades, that's where I will make my money back, even if I'm wrong today.
Because I'm taking a high probability setup.
So looking at the few reports that I like every single day when they set up and go into that what's in place section,
which filters through the live data to tell you like what's actually happening right now is one of the things that I like to do.
So looking, so just to recap.
I have a few reports that I like, the gap fill, previous days range, initial balance, and opening candle continuation.
Those are the four main ones that I like to use.
And every day, I'll go and I'll see, okay, what's going on based on what's actually happening on the charts.
And from there, that's where I go.
And I say, okay, what's setting up? How's the price action looking, et cetera, et cetera?
And that's where I go.
And I'm curious on how you do it.
So like first thing I look at is Gapfield.
Spine new low day, spy new lows.
This is hourly trend line right here on spy.
I'm watching this trade real fast because if it goes below the 80s, I got to get out, out.
The first thing I look at is Gapville and then we hit the golden retrates right there on in Q.
That's where I needed to hold.
I look at the gap fill first and I compare the size, compare the day of the week, kind of like you were talking about.
And then I just go over to usually the What's in Play where it's just got all the different reports on there.
And I just monitor that, especially as we get like the first half hour.
Because I like to check the orb stats and stuff.
I like to check that opening candle.
And then once we get that first hour, that's where I really lean into those reports.
And like those that have been on the live trading here, they know once you get that first
hour of data, those are some of the strongest reports I found.
And so I immediately start to kind of figure out my data backed bias for the rest of the day,
which you see out of trouble yesterday was a great example of this.
I talked about it in the morning.
And then I actually tweeted it again.
It was like right before power hour.
We were sitting right on or below.
We were sitting on break even on spy.
And I had like two strong stats, opening candle.
And previous day high, I think, that were both, you know, high percentage
that we were going to close green yesterday on spy.
And that's where I got long.
And it paid out very nicely, actually.
I do recommend looking at 576 and 580 on SPI.
It's heavy resistance for now, right?
Like that's your half gap.
I took my first trim light here on SPI.
We are hitting the hourly trend line.
We break this.
I am targeting 574.3.575.
Essentially, my full target today on SPI is 572.4.
I want $2 more downside.
But I did just take a trim on my puts.
Look at HUD.
Up almost 80 points here on NQ, you guys.
Please manage this trade.
All right, no reason to let this go back, you know, and turn red against you.
Set a trailing stop loss or take some profit along the way.
Yes, I'm up about eight points here.
I'm going to take another quarter position off.
So I have one mini left.
Sometimes it works, brother.
Are we going to lose this 10 minute 200 here?
If she's brown, flush her down, brother.
If she's brown, flush her down.
About to hit next target here.
I got stopped out, but I'm looking to buy it back.
There's the lure blow here on ES.
If they do fail under this 10 minute 200, there's a good demand at the previous day low.
That's down to 809 to 811 on ES.
All right, Target hit.
I'm going to take another trim here on spot puts.
Oh, there we go.
Oh, sweet daddy.
All right, $60 per contract gain on Tesla 275 puts.
I'm going to sell half here.
It's the great graders in the universe.
Dude, every morning, bro.
Every morning.
Don't waste your time elsewhere, all right, for the listeners.
You get it all right here for free.
dangerously close that previous days low did we we we've wicked it on QQQ didn't we yeah I
am in video 119 calls this week expiration all right I took along for the bounce down
there to a previous day low flush spy no bounce and then we'll short it again yeah
Q's is significantly weaker than spy Q's just hit previous day low this is absolutely a spot for it to bounce 100%
So the 15 minute candle off the open is disgusting
I just hold my short from last night goodness gracious
CBC still short I don't want to look at any longs until the CBC flips
I'm going to email Andre probably after this and see how I can incorporate, you know,
some CBC data into Edgeful.
I really would like to see that play out, you know, or see how it has played out the past few years.
I know how it's played out in my own experience, but actually seeing that data, you know,
you know, over the past few years would be amazing, I think beneficial, not only just on,
you know, the CBC, but across all strategies.
And like you mentioned, yours.
going to just hit us up honestly and we'll build it for you a lot of the reports that we'd have
we actually launched edfield with eight reports i think it was like the gap fill volume and range by
weekday green and red days by weekday i think it was like eight total and a t r was actually one of them
too but all of the other reports that we have were by requests from our users so some of the most
powerful ones like opening candle continuation like even the initial balance was not was was requested
And it's arguably the most powerful report, at least in this market environment right now, that people have been using.
Opening candle continuation, when you pair that with initial balance and you pair that with like the by levels of the IB, it's super powerful.
So as long as it's objective, that's the important piece.
It has to be objective.
Like it has to be when this happens.
Excuse me. I'm going to go ahead and jump all out of the video puts here.
Full target hit. I'll move on to the next trade. Sorry, Andre.
No words, no words. More important that people know what's going on.
Everything else is I request. So as long as it's objective, like we can build it. So like any any strategies like as long as it's when this happens, I want to see if this or that happens. So for example, if there's a gap down, I want to know how often it fills or it doesn't fill. If there is an IB, I want to know how often it breaks out to one side, both sides, neither side. And that's exactly the way it's going to work. So whatever you want, as long as you give us enough explanation for it, we can do it.
Guys, I just scaled out of some more Tesla puts there.
$200 per contract.
I am getting absolutely paid right now.
All out of hood puts right here, full target.
The challenge account is green.
Beautiful, bro.
Beautiful.
Dude, looking great here.
NQ, we're up 140 points right now.
Oh, 150 points.
So that's a $3,000 bill.
Make sure you guys manage this trade, please.
All right, remember, no longs until candle-by-cannel method flips.
Yes, we're up 21 points.
I'm going to go ahead and just scale another and have one contract left on the challenge account.
We're getting a little overextended.
I'm getting a little bit too excited.
We're making too much money this morning.
We've got to save some games.
You better take some profit, right?
You better set a chance.
Yeah, if you catch yourself taking a screenshot, you should be trimming first.
20 point gain, ES, I'm all out.
That was a $1,000 bill.
That screenshot...
I just got paid.
That screenshot methodology is the number one signal of all time to take profits.
Come on all.
It's so hard to believe, like, the accuracy of, like, oh, I'm going to take a screenshot of this.
And then it just reverses on you.
It's crazy.
And I'm all out of my spot puts.
So I think I'm done for the day.
Hey, great trading with you guys.
I'll catch you guys tomorrow.
Have a great day.
It's 9-50.
I'm just kidding.
I'm just kidding, man.
Beach trade's going to the beach.
Yo, Biggs.
I mean, so I'm not, I didn't have a bias going into the day, but again, I explained with
M. Wolf this morning, the thesis for what I had on spy and cues and what the larger time frame
showed and risked reward what was the better option for me to look at today to trade spy.
And at the open, looking at where the spy chart was,
It looked good on the hourly for downside and I think this can potentially just be the start of the daily downside to come today and tomorrow.
So I gave that breakdown this morning.
This is an absolutely big support spot right down here on Spy 573.3.
Then you have 572.8.
My full target downside I have seats by going today is 572.4.
And then tomorrow would love to see a move even lower down and break 570 to go fill the gab downside.
But great job on the shorts this morning, guys.
I could not believe all my targets hit before 10 a.m., man.
That was Craig.
Yeah, this was absolutely insane mood.
I mean, I was literally thinking, okay, NVIDIA should hit that before, you know, this afternoon.
Or Hood should hit that before, you know, this afternoon.
Crazy. Crazy, crazy.
It's good. I stayed short off that 200 day I was in last night, man.
You get 100 points.
You're excited and watch it go another 200.
You know, another 100 points.
So we're like, yeah.
And, you know, for the newer traders.
For the newer traders out there, I have, you know, a target of 46, which is the 30 minute, turn your after hours off because none of that matters.
That's just, that's just eye candy, right?
So the 30 minute 50, right?
That's where that was.
And there's this, this gap of no volume whatsoever.
And so I got in 45 puts because it's only Wednesday.
And sure enough, we fell out through the 47s and hit it.
And now it's making a bounce attempt right after that.
I'll say this, under that 50 that I'm talking about, which is at 46.4 or something like that.
Under that, it accelerates very quickly down to 43.
Very quickly because there's nothing there.
There's nothing on the volume profile in that spot.
Whoa, whoa, whoa, what are we doing?
All right, trailing stop hit NQ and profs there, 120 points.
InVitya, same thing, right?
It got into 115 puts because 116 is the 200 on that same 30-minute chart.
Some buyers just stepped in a little bit.
So long it lasts.
Oh, wait, there's news.
Starting to see why I closed when I did.
And are you using bookmap to determine buyers?
Time and Souse.
Casey, I'm here for a good time, not a long time.
I'm with you, baby.
I mean, I think you can absolutely do a little bit of countertrain trading for calls off these support levels.
But for me, I think it's still, like it just popped right back up to the 574.3 and they just wicks spy straight back down.
So for me, I think it's still a short-the-pop until proven otherwise.
So I don't want to be that guy, but I just took a starter on the spy 575.
We call it at 79 cents.
There you go.
Ain't nothing wrong with it.
And also, it depends on what kind of trade you are, too.
Like, I'm not trading zero days.
I got time on my contract so I can hold them a little bit longer,
which allows my put position to be green.
But then it's cool because then you got stock sniper coming in here,
sniping these levels of support with zero DTE calls.
You can B-trades who does SPX, zero-d-te-Es.
You catch those quick moves, get paid, right?
And then it continues maybe to the downside in 30 minutes from now.
And then the puts that I have for, you know,
A week out.
To the NQ short, two minute EMA risk.
Yeah, a spy did not like that level, that back test.
That was the exact like 10 minutes.
Look at that.
Look at this quick on Spy.
I mean, it's the thing, you just got to know that as of right now, in my opinion,
it's spy, it's clear, it's going downside.
And if you do take calls, it's countertrent trading, which I love countertrent trading.
Don't get me wrong.
You just have to be very precise with your entry points.
You're trying to catch a falling knife to make it stabbed in the hand.
And you got to think about what causes that, right?
So people can say whatever they want.
You know, your moving averages don't matter.
VWAP doesn't matter or any of that.
But look at all the sell orders that were right there at that spot, right?
A good bull knows where the bears are.
A good bear knows where the bulls are, you know, and trade accordingly.
How do you guys look at when price is extended so far from a VWP?
Or actually, I don't even have it on my chart, but let me pull it up on my chart to make sure it is pretty far away.
For a spy, I have it all the way up there like 574.8.
How do you guys look at that?
So for me, I used to use VEW up a lot.
I don't use it really as much anymore.
But when price is so extended away from...
from that VWAP. It makes me scared to go short now. Obviously, I haven't heard anyone
you feel you feel like you're supporting the hole. I get it. Yeah. Yeah. No, 100%. Yeah. For now, for now,
for now, for now, 573 and a half or 573 and a half on spy, buyers are proven that they're down
there, right? So that's how I'm looking at them.
If they lose that level, right?
Well, now all the buyers have gotten their orders filled and they're gone.
So now I'm looking maybe for the next level down.
And then you guys incorporate EMAs or anything?
on top of that.
So I use the 9 and the 21 and also the 200.
21, 21, 21, 21.
I use the 921 and 200 EMA and VWAP all on my charts.
And I use them.
So like, for instance, Spies 9 EMA right now is at 574.5.
That previous five candle or 10 minute, five minute candle to high is 5754.5.
It came two cents from it.
So for me, you'd,
you don't want to chase that huge red knife down.
If you were already short, you're getting paid, but you don't chase that.
But when it hits, so Spy right now is holding and trying to close above previous day low.
So it's a great spot to take longs and calls because it's overextended.
You can pop it back up for the counter trend trade.
But when Spy goes back up and hits those same levels upside and they match kind of where...
the moving averages and where VWOP's at, that retest is just for me a spot to short the pop to put in a lower high to then continue the downtrend that spy that I see is currently in.
That's kind of how I incorporate the moving averages and VWOP and why I use them on my charts.
That's really it.
And you use the EMAs and the EMAs mostly on a five minute?
Every time frame.
I use it from the five minute to the weekly.
Yeah, same.
Yeah, I think like right now, like a lot of traders might look long and that's fun just
because of like, hey, we're extended from VWB and it may act as a magnet and and
And that may be a valid thesis, but consistently throughout the years that I've been trading, you know, I think that most traders miss out on on trades and continuation trades because of a failure of acceptance of risk.
So just because it's extended from VWB doesn't mean it can't go lower, right?
I like that the volume is weighted more towards that, you know, bear side has it right now.
But that visualization of risk, like I just took that short off of, you know, the two minute EMAs.
So that's a tighter timeframe.
The EMAs are going to hug price much more closely, which also is going to give me a tighter risk, right?
So I don't want to risk up to VWAP.
You know, I want to just keep it alongside lower time frame urgency so that if it is wrong on the lower time frame, I'm able to cut or nip it in the bud and then move on to the next thesis.
But now, Andre, if you, like, so I'm not, I'm not good.
I'm not a very big, like, knife catcher or anything.
You will see from time to time at a key level, these massive, gnarly looking bottom wicks, right?
And then you'll see what I call the flying V.
And it's just a V shaped recovery, but it's a very, very dark V.
The poles of the V are very, very close together.
And that's,
And me as a reversal trade.
You know, I don't...
KQQQA new low of day.
Yeah, I'm not big on looking for like a 50 cent move on spy or something like...
20 point gain in Q covered half.
It's just not enough reward based on the risk that I have involved.
Yeah, I'm not into it.
You trade options exclusively, right?
Yep, I trade.
Depending on VIX, I'll trade either SPX or SPI.
When VIX is really elevated, I'll just do spy because it screws up my RR, you know.
And then I'll trade other tickers like today.
I did Nvidia and Hood.
And do you typically trade the Friday or do you ever go zeros?
Oh, yeah, that's all I trade is short DTEs.
So obviously main tickers is for this coming Friday.
And spy, my win there on the puts was zero.
And I'm comfortable with that risk, man.
You know, some people, some people, it's not their strategy.
But I've grown numb to it.
And I see what I see, man.
And that's where you make the most money if you're comfortable with it.
If it gets you out, then it's probably not for you and you can do three, five, seven day out, you know.
I feel like if you don't, well, first of all, I think a lot of new traders get really attracted to those zeros, especially on SPX.
But what they don't understand is they don't understand how the Greeks actually work and how
their options prices work and how IV gets impacted and momentum impacts it and everything
And then you start to see these traders want, they get attracted to a 500% return on a zero
DET FGX option, which is obviously incredible, but you don't see all the, you don't see all
the other side of getting smoked because of the, of the Greeks.
Trading those Friday expirations for someone who's new is so much better.
Even if trading SPX, even if the trading spy or whatever it is, just a few days out gives you so much more grace and lets your trade breathe a little bit more.
And I'll trade zero dets whenever I trade options.
But typically I like to have the Friday's expiration because I feel that it moves not.
nice enough it's not like you're trading the next month it'll move nicely but it's also going to
give you some grace if your if your entry isn't perfect we got a bill breaker coming up here on nq right now
For the listeners, right, I'll give you a little freebie tip, okay?
If you're looking for shorts, you don't want a shorter red candle, right?
You want a short when the candle is green.
All right, so the short on NQ I took, candle was open, developed green over its open on the current candle.
That's where you want to take a short.
Look at Tesla.
See those upper wicks?
Candle is green.
CBC is short.
That's where the entry is.
Same goes on the inverse for the longs.
I went into the pre-market lows from yesterday morning on NQ here.
I was just hanging around, three cents below entry.
Who killed the video?
Beat trades.
Dude, that, like, it's had one green candle, and it was, like, just because it dumped at 9.30 right at the gate, they just retested the EMAs and slam it.
This thing is dying.
It did not.
Yeah, I just took a loss on that.
It was something, I didn't even digest it.
No, it's all good.
I didn't know if you were written a video call.
Yeah, it was something with China and stuff like that.
And I don't know.
But you could tell in the pre-market that it was losing very important, you know, areas of support.
Did, was that Nate that took in the video calls?
Yeah, yeah, I took a small position and pretty much got destroyed after it broke the band.
Did you take them when the video was around like 116.7?
I took it at around 116.4 around there.
Yeah, yep.
I have a big zone of support, and it's exactly what you just said.
If I zoom out a little bit, it's like 116.35 to 116.75, that kind of 30, 40 cent zone.
That was a big support spot on the video to try long, 100%.
Yeah, I loved it. It did go like if you see there it did bounce. Yep. I was up three, four percent, but I didn't take any profit. It just broke again here and now we're kind of selling off more.
So anyone is he got short again here on the indices or is everyone? I'm still on runners on the short here. But not entering anything.
No, no, no, nothing new.
I'm looking to take some ES shorts here as I can pop up a little bit higher to retest the 574.3 to the underside of that hourly trend line.
I'll try and scalp some ES shorts up there.
That's my scale target.
I really hope that happens.
We'll do the quick handoff.
In 15 minutes, we'll have a nice.
some nice reports to look at, which I feel like we can kind of assume what's going to happen,
red opening candle in terms of previous day lower broken.
Yeah, previous day.
I already know the stats are going to be terrible for recovery today.
The only thing is.
I mean, I'm assuming also that IB is going to break to the downside, not to the upside.
But you got to wait for it.
You can't expect.
Well, actually, you can use the IVI rejection report to determine that, which obviously in this case, the highest formed first.
So the likelihood of the low breaking first is really high as well.
But this is a pretty big move.
Last time we saw one of these larger IBs, I think it was the 20th last Thursday.
It just kind of.
I mean, sold off and just chopped around for the rest of the day.
The Thursday the 20th was not, I'm hoping that we don't see another repeat of that day, but like the inverse today.
The spy daily right now looks gross.
All right, we've broken the bill on NQ.
This is a great scaling opportunity.
If you're short, nice short there, KC.
Short degree candles, baby.
I wanted this to pop up.
What to go?
It was 10 cents away from where I wanted to show you.
My concern, though, right, for the shorts down here is the ore blow, right?
So we have the 30 ore blow right here.
Really, I don't see strong continuation off of the ore blow unless we get a break in base beneath it,
showcasing a cell imbalance.
Where those buyers at the or is stopping out.
Sorry to cut you off.
No, you're good, bro.
You're good.
I close that up.
Tesla, if you guys were watching that 10-minute chart, it just popped green on this current 10-minute candle.
That was a great opportunity paired with the two-minute EMAs for a short.
I'm currently up.
What is that?
Almost 300 plus per contract on the 275 puts.
Make sure you guys have a trailing stop.
I like candle-like candle method for the trailing stops.
Can you go into candle by candle method?
Yeah, for sure.
So it's candle by candle method is a strategy that I created.
It focuses on intraday sentiment analysis as well as being able to hold your winners according to a logical thesis rather than, hey, I feel like it might bounce or I feel like they may reverse.
So if I pull up, let's just pull up in Q here.
I'll pull up a 10 minute chart.
And if I'm moving too fast, right?
Anyone and, you know, the listeners just tag me or anything or Andre just let me know.
But I focus, it's just like driving a car, right?
So 10 minute CBC, candle by candle method is my sentiment analysis and my two minute.
So 10 and 2.
Two minute is for my risk assessment, right?
I want entries as close to that 2 minute 20 as possible.
So right there at 9.10.
Yeah, two minute 20, you may.
So the 10 minute CBC flipped short at 910.
It's just a bearish engulfing candle, but it has a bit different of parameters, right?
So 10 minute CBC flip short, it closes at 920.
All right.
So that means...
I can only look at short entries, right?
It's not a bias.
It's just keeping myself from entertaining a full risk environment, right?
If I'm looking long or short all the time, I'm putting myself at more risk.
If I'm only looking short according to candle by candle method, you know, I only have the opportunity to lose on said short.
So it flipped there.
So as soon as the 10 minute CBC flips, I want to go to a two minute chart.
As soon as it flips.
And what am I looking on a two-minute chart?
I'm looking for the two-minute EMAs to cross and retest.
So following 920, the two-minute EMAs do just that.
That's why I took that short earlier this morning.
Two-minute EMAs cross, retest.
You're looking for entries as close to that two-minute 20 as possible.
You can also use candle-by-cannel method on a two-minute for momentum.
And range days, obviously, it doesn't play out so well.
All right. So you want to take entry within those two minute EMAs and you want to scale out or set a trailing stop loss if pivot breaks. Right there you can see pivot broke this morning at 412. I took some profit and I trailed my stop loss and I stopped all out at 120 points.
I locked that account.
I moved to the next,
I moved to the next funded account.
Money's flowing, guys.
I moved to the next funded account, right?
And what do I do?
I take another NQ short because 10-minute CBC is bearish,
and the two-minute EMAs are bearish there at 10.04 a.m.
Right now, I'm currently up, what is that?
About 60 points right now on NQ.
So $1,200 per contract,
just focusing on who's in control of candle-by-candal method each morning.
Interesting. So in terms of that initial 910 candle, what makes you determine that's the one to go off of?
It just closed below the previous candle low, right?
So it's called candle by candle method because so when it flips there like I showed you at the 9-10,
you can see that the CBC prior to that was bullish because the candle at 840 closed above the previous candle high.
So that dictates where who is in control of long or short.
So at the 9-10 candle when it closed under 467, that's a CBC flipped.
It's called candle by candle method because I want you, I use mental stops, right?
But I want to trail my stop loss alongside candle by candle by candle.
So the following candle there is at 461.
As long as price does not close above that previous candle high, you should focus short.
That's where I took my entry right there earlier this morning at 465 because it looked like it was going to flip, but it didn't close as such.
And then you can trail that alongside candle by candle.
And had I maintain that short trade, it would have went from, you know, 465.
We're down to 249 now, which is nuts.
My current short is still up.
You know, what is that?
120 points right now.
So, and your stop now is.
About 80 points, excuse me.
Based on this.
Yeah, my stop. So again, so 10 and 2, right? I want to look at the two minute EMAs as my risk. But a good, you know, perspective for me is whenever we break pivot or I hit, you know, a profit taking muscle memory of about 20 points, I want to take profit. And then I'll set a trailing stop loss. So right now, like I said, I'm up, you know, about 80-ish points or so.
I will, I'll look to set a trailing stop loss of at least half of that profit.
So I have a stop loss set around 40 points right now.
And I'll continue to trail that.
You know, if I get to 100 points,
It's a $2,000 bill, I'm going to take it in most cases, right?
Because in my opinion, that can be an anomaly, right?
I want to look at the consistent.
So if I'm taking profit consistently at 20 points, which is a smaller target, but I hit
100, there's no reason for me to be greedy in the market, right?
I want to remove that kind of thought process from my trading.
Absolutely.
I'm excited to build this out, actually.
No, me too.
I mean, you know, I...
This is all I do every single day, right?
For the listeners, you guys know, you'll hear CBC, you know, it's not a perfect strategy by any means.
There's no golden kind of strategy out there or holy grail.
But I just took a starter alone.
In my opinion, and I don't want to, you know,
throw shade at anyone or overcasts you know their own perspectives right the best trading strategy
for any trader is the one that makes sense to them but in my opinion this is the best
intradate day trading strategy you can use it for swing trading as well on a swing trading uh
time frame i like to use uh two hour emas and daily cbc yeah i mean it makes sense and it's systematic
which is nice too
Yeah, 100%, right? I used to get burned so bad with like, oh, I feel like this is going to happen or, you know, and I think this is going to occur.
And that's a predictive form of price action versus a reactive form, right?
I need to react to what larger participants are doing in the market.
Because the fact of the matter is, I'm a retail trader.
I have no influence on what price is going to do.
Yeah, you're a.
You're speaking my language right now.
It's like literally what we stand for it.
Like I'm like don't trade based on your gut.
Don't trade on your emotions like trade with data, trade with like a system.
That's exactly like what Edgeville stands for.
So you're speaking my language.
Yeah, I'm looking forward to working with you guys.
Yeah, no, for sure.
The one thing that Edgeful does have is that consecutive bar report.
where it tells you like how many green candles you normally get in a row based on time frame,
like the average and then the max.
I look at that one pretty often when we get like, you know, several in a row.
What I just to provide some detail on that, like just for anyone who's new or hasn't seen that report,
the way that like what's being measured is,
the max, the average, this might be a little bit confusing, but the average maximum number per day.
So if you go to a five minute chart right now, or let's just, if you go to, if you go to yesterday and you look at the green,
a five minute chart, you go to yesterday NQ from 330 to 3.45 candles, there's four consecutive green bars, right?
So from what I see, that is the highest consecutive streak. So this day would count for four consecutive green bars. And we just do that every single day. We find the longest streak on any given day. So if it's 10, a certain day will have 10 consecutive bars. If it's five, that will be five. And then we go and we average it out for as long as for as far back as you want to look. So we don't take.
every single consecutive bar.
Like, so if there's like three and then there's a green,
like three red ones, then a green one,
and then another two red ones and then a green, whatever.
We don't do that.
We just take the single longest streak for the red
and the green of that day, and then that's what we average.
So that makes sense?
perhaps makes sense to me uh yeah i may tweet an example of that what i like on that so the way i
use the report kind of the way i figured it out was um if if i'm looking and i see like a five or 15
minute chart we have like seven green candles in a row like i know i should probably be taking
profit anyway but i can quantify that a little bit and i'll look into it i'll look at the uh
max so if we get anywhere near the max of the if the record's like 10 and we're at seven
then that that's one trigger for me.
And the other trigger is if we,
the average, if the average is like three and a half
and we're at seven, like we're double that average,
then I know a red candle is coming soon.
So if like, maybe if I'm super bullish,
like I'm gonna wait for that red candle
and then I'll look for the long,
or if I'm trying to play a reversal,
that's where I'm gonna start looking for that red candle.
And I know I can at least play a little bit of drawdown
because I'm gonna get a red candle very soon.
Yeah, exactly. And that's, if you're really scoffing or you're trying to like figure out why there's, for exit a trade.
There's 50 points I'm trimming out this long fighting my way back to green.
Beautiful bro. I took I took ES for a quick scalp when I heard you say long and I exited my spy calls. I just went ahead and grab some logs there for fun. I just try to do a little quick handle. All right y'all.
Miss my trim there on Tesla at 100%. I'm going to get all out here for $250 per contract on the Tesla 275 puts.
I just took a trim here on ES, five points. That's like an NQ long here.
I took that dip ad under 5800.
So this morning, again, I talked about SPX, and I said the target downside I wanted to see today on SPX with 5750.
SPX just hit that target downside when Spy hit my full target downside near that 572.4.
So this is where I wanted to exit, and then at fire step in, take along, M sniped it perfectly, and I just kind of piggybacked off him in there.
I'll spy right here definitely be trowing back into this ore below.
We're going to have a wide IB.
Yeah, not my favorite when that happens, honestly.
You're talking about how far we get away from VWOP and stuff.
I look at the 921.
When we get super excited, we haven't touched one of them in a long time,
I expect Price to either bounce and come back to them.
or at least go sideways, you know, and let them catch up.
So, like, if I'm riding a trend, if I'm thinking it's a trend,
a lot of times I'll just, I'll wait until those EMAs catch up
and just hope that price goes sideways.
And if it does just go sideways and let the EMAs catch up,
a lot of times I look at that more of a short instead of like, you know,
a V-shaped bounce, which does not look like we have today.
As soon as we lost that previous days low, I mean, it was immediate trouble.
That's a trigger.
Yeah, people kind of get that confused.
I hear a lot of people say, oh, previous days high broken, like reversal.
And yeah, like you can scout it, but like overall, that's a pretty bearish bias, honestly.
It's a perfect previous state as well.
Like, it is a significant level for sure.
I mean, just your odds.
I think they're like, well.
I took another one off here.
If you break up previous days low, it's like one and three that you have a green day after that.
And so two thirds of the time.
Yeah, I just pulled it up at 67%.
Yeah, exactly.
Like, that's not, I'm not willing to be on the opposite side of that trade, to be honest.
And like, that doesn't mean you can't stout here and there, but I'm not really willing to be on the 33%.
i think i mean i think about it like i think about it as profit targets too like right now like if i'm
if i take any type of long it's counter trend i'm not looking for it to go back towards yesterday's
clothes or anything like to where we would be close to green i like that would be the ultimate target
because if anything we get near that is the opposite yesterday yesterday we were green all day
and we were holding right above break even on spy that's why i was getting long on yes and in
Because the data was telling me there's it was like, what was it on spy yesterday?
It was pretty strong.
70% chance, I think, that we were going to hold a red day on spy.
I mean, a green day on spy.
Because Q was probably the same.
Watch this premarket low from yesterday on in Q290s.
They're going to mic check.
Can you guys hear me?
Yeah, I hear you, bro.
Oh my God.
Spaces was just putting me through it.
I'm actually going to get that visual for people on the previous day.
I'll respond to the space with this.
All right, I'll get some DMs.
Guys, if that explanation on CBC was too fast, right, just go check on my YouTube channel.
There's a video on how to trade it, explaining it.
It's a little bit older, a little outdated, right?
I have just like any other trader.
I'm continuously refining my strategy.
But someone asks, what is NQ?
It's shown up as a D list, right?
That's your NASDAQ futures.
If you have Trading View, type in, you know, NQ1 exclamation point.
You will be at the, you know, current contract most of the time.
um you know or es one exclamation point just to follow along if you're not aware of futures right
i just took a much i recommend paper trading them 2 93 no you're good bro you're good i did get that
um previous days low um i got that report pinned up top anybody wants the visual on it obviously the
best way you go to edgeful dot com and yeah sign up and and surf all the reports start getting uh
Getting the data on your side. It's a huge, huge help. It keeps me out of bad. Andre, it saves me probably more money than it like, I mean, it makes me money. I'm not going to lie, but it probably saves me as much money just staying out of bad trades too. Yeah. One of the things that I think a lot of people don't understand is that they don't actually know like anything.
hey i'm i'm getting long here like what's the probability of this working or i'm getting short here
what's the probability of this working like if i'm targeting previous days like today opened
within yesterday's range right in previous new york sessions range and there's like an 80% chance
that it's priced today will break out of either the high or the low so a great target
is previous sections low that that 2360 area on NQ like that is a data backed target not some
arbitrary level like it's not it's not you didn't just make it up like it's completely data
and you know that there's an extra cent chance that it's going to hit one of them now if you have a
short bias because of something else that you looked at or some other compliments that you have
that's a great area where you can say hey i want to target previous days low and
you can, it helps you actually stay in winning trades because you know the data behind it,
which is the most important piece.
Like everyone, anyone can pick a winning trade.
Like anyone can just buy your sell and price goes in their favor.
But it's about like maximizing those winning trades.
And like when you are right, making sure that you actually hold to your targets,
having the data gives you the confidence to hold to your targets because you know,
hey, there's a 75% chance that's happening.
Like, I'm willing to hold on to this.
Absolutely. And then on the other side, like having that roadmap, where are you taking the trade too?
Yeah. What are you guys thinking right now? Thank you. Consolidation. I see that large lower wick kind of a hammer candle. I think that lower wick, we could fill half of it up, you know, maybe sweeping a little bit more liquidity for those buyers.
I see 10 and 2 is still short.
I can't take a long yet.
And I know that I will miss out on some long trades.
But if it truly is a setup I'm looking for, you know, it will provide multiple opportunities.
So right now I don't have CBC bullish.
I don't have too many EMAs bullish.
So I'm leaning a little bit more short scalp-wise.
But it's super risky just because there's not a single candle closing under or below.
So I'm kind of.
You know, pumping the brakes a little bit because we've had good trades good momentum and I don't want to take away from that kind of mental capital for sure
Yeah, I'm also currently in a long position for NQ
They just actually broke the intraday wedge
So we've actually been trending bearish all day and we got the first high break
I'm in long. I'm looking to take profit at this to 22995 on majority and
But ideally the overall 2340 to 2310 is where we've seen a lot of consolidation.
And I think that's where we're going to see a lot of trouble in terms of volatility.
No, it's all good.
I also am taking a position trim here as well.
You see if we can get back to Oreblow 304-305 area.
The EMA-9 is going to catch up right in that same spot too.
I think most of the hypergrowth names are on sale today.
I think a lot of things are on sale today.
Spring cleaning.
Yeah, Max 7 is on sale too.
Those banks are still strong.
That's interesting.
It was far.
JP Morgan,
I'll let more than 1% while the market's read.
Two weeks ago when everyone was extremely bearish,
I made a little Twitter thread about like how far everything's gone down.
And, you know, the banks were definitely at the top.
Most of the banks were only down like 15% at the lows.
It was pretty crazy to see.
Yeah, they've been much stronger.
Yeah, and then you have some of the, like, the semiconductors that are like 40, 45% off highs, you know, and some of these other energy names that are also hammered.
Healthcare was hammered.
Everything was, but the financials, they held the market up.
We did get that first hour worth of data now.
Yeah, and it's all gross.
Anything sticking out to you, Andre?
If you want to respond to the, we'll get pinned up tough,
you want to respond to the,
it's that little like purple pill at the bottom
or just go into the will financial and respond to the space.
Yeah, I'm going to look right now.
I'm just going to poke around.
And the main thing I do, I pull up like the screener tool on here, which I'm
So I built out, I did a video on this too recently.
I built out a screener and the way I do it since I trade QQQ and InQ the most and I pay most attention to tech.
I just took the top 10 weighted stocks.
So, like, a lot of people look at the Mag 7, right?
Well, there's a few others.
Broadcom is actually the sixth heaviest weighted,
and people forget that it's, you know, even a heavy,
you know, it's heavier weighted than two of the Mag 7 socks.
And then...
Costco and Netflix are also in that list.
So I created a screener with those, that way I can watch and I go through the screener with
all those QQQQ and Spy and literally I'd be by rejection, everything bearish.
Previously, these range, everything but Costco and Apple, it's, it is, it's going to be tough
And what stocks is that there was such a big move down already.
That's like, it's not always ideal when that happens.
The overall bias for today should definitely be bearish.
And the standard IB report shows that I think it's like 98% of the time price breaks out at least of one side of the IB.
So we can expect one side to break.
Now we're probably 40 points off the IV low and 190 points off the high.
Which one am I expecting to break?
Probably the downside because I am expecting one of these to break.
And that's where applying these other reports like Ivy Vire rejection, opening candle continuation, previous days range will help me determine that bias, not based on like what I think is happening, but like based on what the data shows.
Yeah, I love that IB stat.
So what he's saying there, the first hour of the market, so from the moment the market opens until you get to 1030 Eastern, you have, whatever the high and low is of that first hour's range, it breaks that 98% of the time, at least one side of it.
So if we're sitting down here and now we've got the first hour, we're sitting down here near the bottom, I don't think there's any.
It just, I don't think we're going to go break the upper side.
So I would say I want that lower side of break.
So I'll be targeting that lower break.
And then once that breaks, if I want to try to play a reversal,
a mean reversion type of trade, then I would look to take it again there.
Right now I'm just trying to get these lines trims.
I'm literally crafting a tweet.
That's exactly what you just said.
I love it.
Yeah, and that way we get the visual because I know like some of the listeners out there, they're hearing this.
I mean, these stats are so powerful.
I've done some videos on it.
You know, I show it a lot on live stream.
But, you know, for these trading spaces, like a lot of this data goes into all my trades, right?
And I know some of these other guys are using it now as well.
And getting that visual where at least you see like the stats themselves up in the nest will help a lot of people.
Make sure you are listening.
Look up in the nest.
You can see what we're talking about.
We'll get the stats posted up there.
yeah and the stats do change like that's the other thing like i've noticed if you look um you can go back
six months which is my standard and those will move obviously the last six months but sometimes
i'll go down to like what's the last three months doing in comparison to the last six months or
the last year and i've noticed that like for example for the longest time monday and wednesday
were our most powerful days we have like
more of a green day on Monday and Wednesday.
I'm sorry, Monday and Friday with like Tuesday, Wednesday dips.
And then the last three months, it's been opposite Wednesday has been our actual strongest day,
which is interesting because today, but dynamically changing.
Yeah, the most recent stats are, especially when you can tell the market environment has shifted.
because like I mean it's pretty pretty undeniable now that the market environment after December has shifted and
when you look like some people get kind of pushed off from looking at a three-month or a one month or whatever else and
What's important about that is about looking that close is that
It's what's happening right now.
And you want to be taking advantage of what's happening now.
You do not want to be looking at stuff that happened five years ago.
COVID markets are gone.
Hopefully you made money in them.
If you weren't a trader, that's fine.
But this is a completely different market now and the markets to change all the time.
So the data that you go based off of has to update as well.
You can't use sale data to...
to trade off of. It's just not how it works. Like you're not going to do well doing that.
Like you have to use the recent market environments to build your bias, to build your targets,
to have that foundation around. And that's where you know, that's like again the confidence piece
of saying like, I have this information and I'm going to be trading with this information because
I know I'm putting myself on the side of the data. And maybe last year that would mean that
you would have to go, whatever.
Let's just say that the IB double break was a lot more popular last year and you had success with that, but that's not working anymore.
So you need to adjust and you need to adapt to the markets that are happening now.
And the only way to do that is to be able to have it like quantified for you in the form of data.
Check out the tweet I pinned in the nest above.
It's precisely what we were just talking about with the initial balance on spy.
One question I got for you, Andre, is do you ever change your time frames to farther out
when you're looking at different reports like the FOMC or earning performance report?
So you have a much bigger sample size or you really kind of apply that rule to everything?
So that's such a good question because, I mean, for example, FMC, there's only so many FMC meetings.
every month or every, or not every month, every X amount of months, every quarter.
So for example, earnings.
Sort of Q, too many EMA risk.
Sorry, Andre.
No worries.
So earnings, for example, like happens once a quarter.
So if you're going to use the last six months,
you're only going to get two earnings, which is fine.
But understanding, like, how often this thing sets up is also a really important piece.
So, like, for example, the IB and the orb obviously set up every day.
The gap fill sets up every day.
the whatever previous days, right, like, let's just say the inside bars report, which requires price to open within yesterday's range.
I think that only happens like 65% of the time.
So understanding that if you want to look at something that sets up every day, then you can use a shorter timeframe.
But if you're going to look at the FOMSD report, for example, you're going to have to go further back.
But when you look further back, so this is a little bit on a little bit of a tangent for a second,
But some people say, like I get responses and comments all the time about life.
Well, how does this work over a thousand trades?
I'm like, there's 250 trading days a year.
A thousand trades is four years.
Nothing is going to work, no strategy, no concepts.
If you set and forget it for four years, it's gonna work.
There's undeniable.
There's not a hedge fund in the world that built a strategy four years ago.
That has not updated or refined it right now from four years ago.
So if you know that there's only 250 trading days, like that's the sample size that we have to work with.
Like we don't have that much more.
Like there's only so many earnings in a year.
Like if you want more data, you have to go further back.
And that's that balance that people have to figure out between I want the more recent market environment and I want a bigger sample.
20 point gain in Q I covered half.
That makes sense.
That means total sense.
Yes, it does.
Sorry, Andre.
I just, I had to get that in before it pushes out.
No, no, of course, no words.
I'm personally, I think my favorite report has to be the earnings performance one.
I really like people love to say, and you know, EMP actually caught me with this one before I started using Edgeful.
But people love to say like, oh, Nvidia tends to trade higher going into earnings.
But, you know, you can literally just click on this report and see exactly how the setups tend to change going into earnings.
And EMP caught me in 4K one day.
Calling out those X-Stats that people just throw out, I was like, hold on, wait, I can quantify this for you.
Yeah, and that's the, you know,
That's the thing that like always bothers me is like when people say, yeah, this happens X percent of the time.
I'm like, yeah, where did you get that from?
Like where are you like you're telling all these people this information?
Like where did you get it from?
Like show me the analysis you did.
Show me the data.
And if you have it, I mean, great.
Like that's not, I'm not, that's fine.
But if you're going to say this works X percent of the time and people are going to listen to you,
like you better have something to back.
I mean, I think you should have something to back it up, like not just.
saying, hey, yeah, this is what I think it works, like, or how often I think this happens.
Like, you'll hear people talk about the gap fill.
Like the gap fills, like, legit.
Like, oh, yeah, 90% of the time the gaps are fills.
It's not as you close.
Sometimes it is.
Sometimes it's not, but like in this market environment, it is definitely not that high.
if you look up in the nest uh the second one over is what stock snipers uh talking about the initial
balance and this is one of my favorite ones because if you look at that little tiny sliver
1.63 so only two out of 123 days do we sit inside that first hours range that's what i was
talking about earlier and then the first fin tweet if you guys want to just go check this out for
yourself just click that link that made it easy for you click that link go in there um
You get seven days free.
Obviously, I think building any type of strategy takes longer than that.
But you also, we didn't mention this.
They're going to remove the trial on Wednesday.
We're going to actually have a call about it today to make sure that we like update all the language across the site and everything else to remove the trial.
So this is literally your last chance.
So the last chance for seven day free trial, put that link up top.
And then we didn't even mention this by the way.
And I actually did short with Maple here.
I'm looking for that blow to get taken or at least filled back in some like he was saying.
It was a beautiful 9-EMA back test on spy and rejection.
Yep, and spy is coming down hard.
I'm looking for this IB to break the lower side.
That's that stat we were just talking about.
And then the other thing we haven't even mentioned is the trading view indicators.
So if you, if you, uh,
Use Trading View, which I think most people do at this point.
If you, when you're signed up with Edgeville, you get the indicators that go with half of those reports.
So like on my chart, I have previous days range just plotted for me, the gap plotted for me.
Right now, I'm on QQQQ and Spy.
I've got this IB that we're talking about plotted for me so I can see exactly where that level is.
saves me so much time.
The only one is the sickest.
Orb and IB, honestly, are the sickest ones because of the settings in there.
You can have the retracements.
You can have the extension.
Like people talk about standard deviations.
Honestly, it's the sickest one, I think, because of like what all of the features that come inside that are part of just that single indicator.
There's like eight indicators that are part of it.
Yeah, you know, I wasn't even aware of the free trial ending today, but like for everybody listening, you know, honestly try it out.
And if you hate it, you can just cancel.
But I strongly doubt that would be the case.
You know, that's a tab that I never close.
I literally always have it open.
Yeah, it's once you get, and to be honest, one of the reasons that we're removing the trial, just, I mean, total transparency.
One of the reasons that we're moving at trial is, you know,
People tend to try to cram learning how to use Edgeful in their trading in seven days.
For the most part, during the week, they're not going to really put too much effort in,
and they're going to try to really cram everything into this one day where they're
Like, you know what? My trial is going to end in two hours and I haven't figured it out yet.
And that's exactly what it is. And so many times people will come back and actually email and tell us like, hey, I tried it.
I didn't really give it a shot. And now I came back and now I'm giving it a shot. And like, it's really changed my trading.
And the reason that we're removing the trial is because we want you to give yourself a month to figure it out.
Like it really is so important for you to give yourself the time to figure it out like,
we're traders here and it's like we're like this doesn't happen overnight and for you to think
that you can figure out like how to apply data to your trading overnight is to be honest it's insane
so that's why we're going to remove it and then you give yourself a month that's more than
enough time to figure it out and then from there i mean it's the success stories to like
speak for themselves yeah this bounce is insane honestly on nq
Yeah, what is this?
I have a level here.
Yeah, my trailing stop loss got hit break-even on NQ.
You know, and they filled that half, that, that, like, large lower work we're seeing on the 10 minute.
They filled half of it up, so that's where I took profit.
Spies bouncing.
I feel like...
Off of a pre-market low.
They could reverse it here, but they need the CBC to flip and the two-minute EMAs to cross and retest.
Don't chase the break, right?
Remember, chase the base within those EMAs.
I'm just looking at-or.
Pre-market low from yesterday on Spy.
That's where it's bouncing at right here.
It's 30-minute orb right here is what I'm watching.
We haven't really back-tested it.
And we just now got to the MA-9 on QQQQ and NQ.
Tesla is retesting an hourly kind of support area between 270-25.
It's back above the 9-EMA, putting in a higher low.
Looks pretty decent here.
Amazon is kind of basing down here on the 15 minute, the 30 minute, if there's only seven minutes left.
If it can reclaim 20340, it will signal a reversal to the upside.
I mean, that's really about it that I'm seeing.
Navidia's really trying to not go any lower.
Oh, what a ripper candle there on Spy.
So my bottom target today again, I'll post the chart at the top from start to finish.
But it was 572.401 and Spy hit 572.50.
I mean, it came within nine cents and I closed the position.
So personally, I do think that is low day on Spy.
I could be completely wrong.
And I do think we do see continuation tomorrow, like I said, down to 570, 56950.
If that happens today, then if anyone's still short, you're going to get paid.
But it's just my two cents, but I'll get that chart posted before I got to jump off here.
I'm still looking for this to reject here.
To the downside, that might be low.
I don't like the volume that just came into spy, but this is just now.
We're just now back testing the 30-minute orb on in Q and QQQQ.
If we get up into the 21, I'll definitely hammer it, but I like it right here.
I just put out a tweet talking about Grab.
I think Grab is looking to acquire GoTo.
We see that they took out a $2 billion loan,
and we already know they have $6 billion in cash.
I personally find this bullish.
Gojek is like their main competitor in Indonesia, Thailand,
all throughout Southeast Asia.
A few more minutes here until the top of the hour.
See what happens.
I still think...
We want to try. I mean, it's overextended. I know that.
But at the same time, I want to try to sort the pops here and look for that new low of day.
There we go.
I'm on back down to, I'm on back down.
IWM looks terrible, by the way.
A lot of times on this IB, I wait for that IB to break.
And then I'll play the reversal along.
If you are looking to play the reversal long, that is a.
strategy has been working out nicely for me let that new low of day wick first and as soon as it reclaims that played along
our clow has a short report just came out am it's already down 7% no
All right, real quick, before I do jump off, for the listeners here on Spaces, there's Spy
Chart at the top of Spaces. I quoted the chart from this morning for what I was looking
for SPX to go down to the 5750, and then tomorrow I want to see 5,700, and eventually see
5670. But four charts, top of spaces, first two are the five-minute time frame showing
previous day a high rejection on spy, the evening star.
my yellow zone with the hourly trend line and all those levels downside straight to 572.4.
This is what I was live streaming and trading this morning.
Next chart over is that exact thing playing out.
Rejected, broke the trend line, went straight down, hit every single target to the downside.
The next two charts are the hourly.
That is the zoomed out picture on the hourly for spy came down to where the 21 EMA was.
and then the hourly trend line break and went straight down to that target.
So again, it was based on a larger timeframe move this morning.
So just hourly charting and then execution on the five minutes.
Those are the before and afters from start to finish for that entire short this morning.
And I hope everyone had a great trading morning.
If you traded the puts or shorts downside, that was kind of a one and done.
for me on the day. So I appreciate you guys, but I'm calling it here. I got to go take care of the
kiddos. So I appreciate you having me on this morning, Wolf. Yeah, appreciate it. KC. Maple,
any final thoughts from your end over there? Maple's on the phone of the clubhouse sitting
his tea time right now is what he's doing. My bad, bro. What was that? I'm sitting here defending
this hot take that you hooves are no good. But
I'm looking at a spy right now.
10 minute EMAs bearish, 10 minute CBC still short.
You know, they're putting a little pressure on the EMAs.
If they cross and retest, I'll definitely look at the long,
but I'd still be very careful trading around VWOP and that 20 EMA.
If you are long and you do break those,
I would definitely scale pretty hard and then set a trailing stop.
But until I get a CBC flip,
Really, I think I might just sit on hands, be patient.
We've made good money today.
I think for the listeners to a good note is that if you've hit daily goals or you've
had trades good enough to take screenshots like we talked about earlier, consider walking
away, right?
You don't have to sit here and trade all day.
A lot of you are looking to, you know, give up your full-time job to trade a lot,
you know, or to trade full-time.
Why would you trade one nine to five for the others, right?
So, you know, try to access more of your life, go outside, you know.
all the cliche things, but really try to improve your experience around these trips around the sun.
So if you're green today, lock it up, walk away, stack that confidence, come back, trade again with a much more clear mindset.
So Maple, is the Yahoo comment versus other chocolate milk or just you in general?
No, I was going to say, right, like, you like,
You know, Uhoo's are not even chocolate milk, right?
It's chocolate drink, which blows my mind because then we're just drinking like chalky milk or chalky water that's flavored like chocolate.
I don't know.
It just is like strange to me.
It tastes very powdery versus you go get some 2%.
some Hershey's you know a little chocolate syrup you know what I didn't know it said chocolate drink I you know yeah yeah see it's I don't think how do you feel about it now you don't even know what you're drinking past I don't think it's actually which is a huge piece there's no I don't think that I've never seen an expiration date on there's no expiration date on the chocolate water yeah I don't think so I'm not on the can's at least see
So maybe it's not so much a hot take, right?
If you love you, who's, you know, re-evaluate your life a little bit.
Think about what you're, you know, intaking.
That's why you're not profitable.
If you like you, who's insured meat, that's why you're not profitable.
Yeah, man, and we want that real milk.
The best chocolate milk on the market, fair life chocolate milk.
Maybe there's some other, like, specialty ones, but the one I see everywhere,
by fair life.
100% really good.
Oh, yeah. I don't know what they do to those cows.
I know a chocolate milk connoisseur when I see one, and Evan is one.
Yeah, Evan definitely drinks a lot of chocolate milk.
This may be a hot take, but I'm a grown man. I don't drink chocolate milk.
Oh my gosh, dude.
You can have weak bones, bro.
I grew up drinking whole milk. I got strong bones.
Empe only drinks Moldalo and a corona if he has to.
I have both of those in my fridge right now.
not kidding um but yeah we are uh here kind of the end of the live trading part we always have fun
with some of these conversations too the market slows down like this nate are you still up here
with us no worries if nate dog already rolled out just wanted to give him a chance as well
evan are you excited for today before we close out
Yeah, no, I'm looking forward to this, this Robin Hood event tonight.
I'm excited to see what they have to show off.
What's the title of it?
Year of the Year of Gold or something?
The City of Lost, the City of Lost Gold.
City of Lost Gold, that's what it is.
So, no, I'm looking forward to it.
I'm looking forward to it.
Yeah, we'll stop there.
I'm just excited.
Make sure you're following the speakers.
I actually took advantage of that Edgeful free trial during this.
So you tell me the free trials going away.
I'll click the link up in the nest above and check it out.
So I think.
I appreciate the team for being here.
Make sure you're following the speakers.
A lot of great content being shared from these people
and just awesome times where, you know.
So I just appreciate everyone.
I appreciate the Edgeful team.
I've seen the data obviously being shared everywhere
through AMP and then the Wolf account for a while.
And yes, some good stuff.
I'm looking forward to the more space.
And yeah, if you listen, free trial,
that's all I need.
I'll go and check it out.
I appreciate this.
That's my favorite F word, for me.
Actually, it's my second. My favorite is food. Oh, okay. Tush. One A1B.
Andre, final thoughts from you this morning with wrap up live training. Appreciate you joining
us. I think we're going to have you joining us on Wednesdays going forward, at least for the foreseeable future.
For sure. Free trials going away. We're actually going to talk about it and make all the updates to the site today. So,
the time is picking to take advantage that anyone who tries to sign up after there's going to
no free trial you're going to have to pay for the month right up front and i mean it's just like
one thing that i'll say is just give yourself the opportunity and give yourself the time to
figure out how to use it and how to apply it most importantly because if you don't
If you expect to figure it out in a day or two days, you're going to have a lot of trouble.
But if you give yourself the time, you're going to have success over the long term.
There's, I mean, countless testimonials, countless successors to look at.
So try the free trial. It's going away literally today.
So that's it.
All right, appreciate that, Andre.
Great having you up here.
Make sure you follow that Edgeful account too.
I will say they post and retweet a ton of other great traders that use Edgeful with examples.
That way, if you are a little bit.
confused or looking for some ideas of how to use that data.
Check out their timeline, some really great stuff over there.
And of course, that link is right up in the nest.
It's the first pin tweet up there.
And with that, I think we are done with live trading.
I will say the data side, the game plan side of things,
not looking for a big recovery.
If anything, I would look for...
that new low of day and at least a sweep of that at some point.
And then we'll see what happens.
But big move down already.
It is a tough spot.
So maybe sit on hands.
Maybe let that happen before you play a reversal.
Or if you're feeling aggressive, take this short and target that low.
That's what the data tells me. All right. Appreciate everyone for joining follow the speakers.
Thanks, Edgeful, of course, Andre, for coming up here co-hosting on these Wednesdays.
And Maple Stacks, my other co-hosts, Evan, appreciates you joining in.
Nate, Stocksniper, I saw Frank pop in a couple times.
Casey was up here as well.
And yeah, appreciate everyone.
We'll catch you guys on one of our next spaces.
I know we have a few...
More things planned out throughout the day.
There will be a live stream, I believe with me and not, maybe KC, today on this Will Financial
And yeah, we'll catch you guys.
We have live trading again tomorrow morning.
So if you're looking for more live trading content, we'll be right back here first thing in the
And also check out Evans timeline.
There's going to be a lot of cool things coming out of that Robin Hood event that is kicking
off out there in, was it San Francisco, I believe.
But all right.
Take care of everyone.
Hope you have a great, great rest of your day.
And whichever way you are trading, hope the market goes in your favor.
Frank's playing Minecraft.