How I caught a 5K short before market open
60sThe trader reveals a profitable pre-market trade setup and his reasoning, offering actionable insight that viewers can learn from.
▶ Play Clip"Title is generic but content is live trading with some educational value; however, it's padded with casual chat and technical issues."
The video is a live trading session at market open, where the trader shares his screen, discusses his pre-market short trade on NQ, and analyzes price action using concepts like fair value gaps, internal highs, and sell-side liquidity. He is up $5K across accounts and considers whether to take further trades.
The trader mentions being stopped at break even on a trade, indicating he is managing risk carefully.
He caught a short to a low, took only one contract, and is up $5K across accounts. He is leaning towards the downside as the market respects the 4-hour open.
He expects a series of down close candles to springboard to the next previous low, and on the bigger time frame, coming out of a 4-hour fair value gap, he wants a sell model.
He explains his bias: for bullishness, he needs displacement through a high; if that high is swept, he expects a move to the next previous low. He looks for internal manipulation on lower time frames.
He notes that price is fractal, and an internal high break to the downside on a one-minute chart, combined with a five-minute series of down close candles, gives him a trade entry with a stop at the top of the wick.
He is done for the day, up $5K, and in watch mode. He took a pre-market trade and let it ride into the open.
The trader successfully captured a pre-market short and is up $5K, demonstrating his strategy of using fair value gaps and internal highs to time entries. He emphasizes the importance of managing risk and being selective with trades.
What is the trader's bias for the market?
He is leaning towards the downside, expecting a move to the next previous low.
05:33
What does the trader look for to be bullish?
He wants to see displacement through a high.
08:59
What is the significance of the 4-hour fair value gap?
Coming out of it, he expects further downside.
05:45
What is the trader's profit on the day?
He is up $5K across accounts.
05:06
What does the trader use as a stop loss?
He puts his stop at the top of the wick.
10:48
Pre-market Short Success
Demonstrates a profitable pre-market trade strategy.
05:06Bias Explanation
Provides clear reasoning for trade decisions based on price action.
08:45Fractal Nature of Price
Explains how price action repeats across time frames.
10:05[01:43] trying to see if we can get a next leg down. I'm stopped at break even. I'm not stopped at break even, but I might be.
[02:12] All right. I mean, I'm I'm [laughter] pretty much done, so I kind of went live pretty much done, so I kind of went live for no reason. [laughter]
[02:25] Wait, is it lagging or can you guys hear? Are we good?
[02:43] We can hear. Okay, fine. How's the quality? Quality is good. We chilling.
[03:09] real quick. Get some more people in here. Yeah, I I lit I I took a So, I short. I'm already I'm already out of it. Let me let me send this link and Also, there might be some other opportunity
[03:36] and then we'll we'll get going. I wish I I I only took one contract. I wish I was I I only took one contract. I wish I was able to give a let a runner go.
[04:52] Hold on. Let me let my dog out. She's squeaking.
[05:06] like a minute before market open and I caught this short to this low. I I only took one contract, so I just was out of it. Um I'm up 5K across the accounts. I want to see if there's still opportunity though. I'm leaning towards the downside
[05:19] as we've been respecting this 4 hour at open. All I was looking for was to see right? We took the internal high and before market open, what I was looking candle. That's why I took the trade premarket. So, I was expecting at
[05:33] this down these series of down close candles, we're probably just going to springboard basically to the next previous low. But on the bigger time frame now, keep in mind this most likely brings us even further lower because
[05:45] we're coming out of the 4hour fair value gap and we've now had this 30 minute change. So I want this to be a sell model on the bigger time frame. I'd like to see ES do the same thing towards the next previous low that we have here. So
[05:59] I want to see obviously ES is lagging right now compared to NQ. So I would like to see if NQ wants to build more more price action before going to take this low first. Um, but let's kind of continue to watch. Um, I mean, I'm
[06:13] already up on the day, so we'll see if there's more opportunity gets presented. But how are we doing, guys? Uh, let me see exactly what I'm up. I'm up 954 on on all the accounts. So, that's good. Okay, let me pull the chat
[06:27] that's good. Okay, let me pull the chat back up.
[06:45] I've been wanting to go live more. So, any any days that I'm uh that I'm that I'm free because normally I'm normally every day I'm live trading I'm normally every day I'm live trading in uh the mentorship group, but um any
[06:58] days that I might not be, I'll I'll try to go live on YouTube for you guys.
[07:15] Spotify has been broken the last like I don't know why. It's just kind of lags.
[07:34] could leave a runner because I think ENDQ is going to dump.
[07:49] Shout out to the Forever model. That [ __ ] is A+ one for real.
[08:06] Let me see if I get my Spotify to work so we can get some jammies on.
[08:33] your videos made me a very good trader. Thank you, bro. I'm glad. Let's go. Yeah, there was. So, you might be looking at this saying,
[08:45] taking a trade and I and I took this pre-market, like the first minute, like right before market open, I decided to take it." Um, I'm looking at this five minute, right? Let me replay it.
[08:59] My Now, my bias for this is what my bias for this is where we lack this placement through this and we sweep this low. So, for me to be bullish, I want to see us displace through this high. If we sweep that
[09:12] to go take that next previous low, right? And the same thing with ES where right? And the same thing with ES where ES is ES is inside of this 1 hour below us. Right? We've we've all we've already displaced the change on the
[09:25] is showing me, okay, I need I want to see lower. Right now, when NQ takes this buy side level, I'm looking for what? Internal manipulation. But there really
[09:37] isn't internal manipulation if you think that there is not. So this high right is to have internal manipulation right I would want to see the market go up and take this high but sometimes we won't and what will it look like well
[09:52] what I look at it and examine it as is this wick gets respected as constant encroachment now that's not the only thing when I zoom into the lower time frame I need to recognize if there is some sort of internal model and there is
[10:05] this is why price is fractal right so this becomes oh I clicked the wrong taken, right? It wasn't the high high, but it was an internal high that gets
[10:18] taken and then we have a one minute change to the downside. where this on the wick is the bigger time frame consequent consequent the internal high break to the downside and then on the fivem minute all I'm the
[10:34] fiveminute. the five minute. All I really care about is that we get below those series of down close candles and then I just put I take I take the trade I put my stop at the top top of the wick.
[10:48] wick. Okay, NQ takes sellside. Objective gets taken pretty early. ES is lagging.
[11:05] though because having an SMT here really doesn't make sense in my opinion. We could probably go maybe see towards these highs, but right now it's just a a watch mode right now.
[11:26] I'm already I'm already done for the day. I'm up uh 5K. I I'm going to I'm watch and see what the market does from here. But I took a trade pre-market and here. But I took a trade pre-market and then let it ride in open
[11:44] here. Let me let me pull up the execution so you guys can see. [snorts]
[12:03] references go chart execution. go chart execution. Here we go.
[12:17] because I knew I was taking an entry pre-market, I was just like, let me let pre-market, I was just like, let me let me just take one contract,
[12:38] dude. The market is dumping. I wish I left a [ __ ] contract. window of me making a decision if I was going to take that trade pre-market or going to take that trade pre-market or not.
[13:01] live. How have uh how's the week been treating you? How you guys doing this treating you? How you guys doing this week?
[13:13] Where's the inverse for? Oh, wait. Where's the inverse for value gap don't necessarily need an inverse for value gap to take a trade. Um
[13:27] me confidence for what I'm already expecting, but this was already what I expecting, but this was already what I was expecting to see today.
[13:58] >> [clears throat] >> I'm going to pop a little pillow. What's your keyboard? It's uh I couldn't even tell you. I built this like two
[14:13] years ago. It's a mode keyboard. It's a mode keyboard. Let me unplug it.
[14:27] It's like the most crispy thing you could possibly imagine.
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