Speaker A
Hey, I'm JJ. I'm a full-time futures trader, and I've done $1.5 million worth of prop firm payouts, $1.3 million of which came in the last 12 months. This video is episode 4 of my road to documenting another million dollars
JJ Simon breaks down $11,500 in weekly prop firm payouts and analyzes futures trades with detailed risk-reward strategies and market structure insights.
Key Takeaways
- Consistent payout growth is achievable with disciplined futures trading strategies.
- Understanding market structure and displacement candles is critical for entry and exit timing.
- Risk management using appropriate stop losses and take profits tailored to volatility improves trade outcomes.
- Volume and session timing significantly affect trade opportunities and success.
- Live trade reviews provide practical insights into real-time decision making.
What the video covers
- JJ Simon shares his journey as a full-time futures trader with $1.5M in prop firm payouts.
- This is episode 4 documenting payouts and trade analysis aiming for another million dollars.
- Weekly payouts totaled $11,500 from multiple prop firms including Funded Next and TradiFi Crypto.
- JJ explains his trading strategy focusing on break of structure, displacement candles, and fair price concepts.
- He uses specific stop loss and take profit targets based on candle size and market volatility.
- Detailed trade reviews include both winning and losing trades with explanations of market conditions.
- JJ emphasizes the importance of session volatility, volume, and news impact on trade decisions.
- He discusses risk management with 25-50 point stop losses and 1:1.5 risk-reward ratios.
- The video includes live trade examples and insights into trading different sessions like Asian and New York AM.
- JJ offers mentorship opportunities and encourages viewers to apply via a link in the description.
Chapters
- 00:00Introduction and Weekly Payout Summary
- 01:16Asian Session Trade Analysis
- 02:07Stop Loss and Take Profit Strategy
- 02:58Monday New York AM Trades and Reversions
- 04:02Low Volume Sessions and Trade Decisions
- 05:59Continuation vs Reversion Trades
- 08:37Detailed Trade Setups and Market Fair Price
- 11:23Mentorship Offer and Closing Remarks
Full Transcript — Download SRT & Markdown
Speaker A
worth of prop firm payouts. I'm going to go over all the payouts I received this week as well as all of the trades that I took. So, let's get into it. All right, I took a $3,400 payout from Funded Next, which puts me
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at 127k total from them. Next, TradiFi Crypto paid me $3,400 after profit split. Funded Seed, I took a payout for 2,500. And then WRM finally received the one that's been pending for like 3 weeks for another 2,500. So, total 11,500 for this week.
Speaker A
All right, here's the Sunday open. I take longs on the opening candle because it's green, break of structure, and displacement. 50 point stop loss because the candle was 25 points or more and a 76 point take profit for my standard 1
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to 1.5 risk to reward trade. After that, I took one short reversion just when I got strong displacement down. I was targeting the 6:00 p.m. open, which unfortunately resulted in a loss. After I lost this one, it was consolidating
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too much for me to take another trade. Then, all of a sudden volume comes in at 7:00 p.m. and shoots up. So, I would be adjusting what I think fair price is to before this jump up right there instead
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of back here down at 6:00 p.m. So, I wait for the Asian open. I could have shorted up here when I saw a break of structure for sure, but I was going to wait for the Asian open because I was
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quite sure it was going to open down after it had pretty much gone up with no news coming out. Opening candle was 40 points, so that means I will use 50 point stop, 76 point take profit.
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That gets hit very quickly, so nice easy trade there. Following that, larger move down. I was going to trade back towards this what I believe to be the fair price. There's also some consolidation here after the open, so you could adjust it to here,
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but I'll just keep in the middle. It's pretty much the same for both of those.
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Now, in terms of the entry, as soon as we get down here, consolidation, and then we get a displacement candle here.
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This is where I would take my first entry back towards the fair price what I believe to be fair. 50 points stop loss hit take profit with 122 points or so in my favor.
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But I usually do 25 points stop especially on the less volatile sessions. New York sometimes I'll do 50 but for these less volatile ones it's easier to do 25. That one lost and then quickly got displacement back up in my
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favor so I just said same thing same exact trade. And then this one gave me 130 points.
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That was a pretty easy win just in general reverting towards what I believe to be the fair price which is the consolidation after the Asian open.
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Now let's go to New York AM on Monday. Fair price likely is the open because it opened up away from the Asian price so I can delete that. Continuation on this day is actually nothing to take which is
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very weird. Usually there's always a continuation but obviously nothing to take on this candle because a huge wick rejecting shorts. It did break structure kind of but there's a a huge wick rejecting shorts and it means the open's
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fairly priced so I'm just not going to take anything for a continuation on this day. There was one reversion here.
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I was going for 38 points so I pretty much entered right there just with two contracts 38 take profit 25 points stop loss and quick reversion back towards the market's open price. I will include a live trade later in the video so that
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will be on Thursday right now I'm doing Monday but there will be a live trade soon. Next entry displacement candle here is displacing this one here which is kind of indecisive. 125 points in your favor. This is a good example of
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when you should use a 50 point stop just 'cause the candle's about 50 points but technically it's kind of the same in the long run if you do 25 or 50. Anyways that one loses and then we get another
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displacement here since it's clearly displacing these three candles. And then this one targeting about 120 points as well. 25 or 50 point stop both work. 50's probably preferable just because of how volatile New York open was this day specifically.
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After that this move down here all of that is unfair. This there was no news that caused this so the I believe the open is fairly priced and I'm I'm going to start buying pretty much as much as
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possible. This is the first buy that I took just a strong displacing candle. Uh 25 point stop loss. I lost literally instantly but you know, it is what it is.
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I sent another one in right here when we got a break of structure. Obviously break of structure is the stronger setup and then insane trade literally 200 points without taking a single cent of drawdown. So, pretty amazing reversion
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on Monday. Great start to the week. Huge 120 point reversion, huge 200 point reversion, and then only 75 point worth of losses. So, up very good on Monday and then I was just done after these reversions since it just started consolidating and I got
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off. Technically, you could buy here 'cause it is a displacement candle and then you could sneak in an extra reversion, but I was just done there. Now, 2:00 p.m.
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session. I don't know if I go over this in the previous videos, but uh 2:00 p.m. has been basically like zero volume. So, barely even trading it this week. Probably no need to even go over it. Now, let's see. 6:00 p.m. on
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Monday seems to have opened pretty fairly 'cause it's consolidating around the open. Uh continuation short. Probably not because of the huge wick here and it refused to close below this one.
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No continuation long either 'cause the opening candle was red and I don't want to trade against that, but let's see if there's any possibility for reversion.
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There was not enough points in my favor, so I probably did not revert this. This move here though, 100% reverting that.
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So, Asian open, huge red candle. Big big wick, did not close below structure. I would be cautious about taking continuation shorts just because it didn't break structure and it's not strong displacement 'cause there's a huge wick. Um but it's not the worst trade.
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Like you could definitely take it and then be gaining positive EV in the long run, but just not the best 'cause of the huge wick and it didn't close below the structure. Anyways, that move up here is unfair. I'm going to trade it back
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towards the 6:00 p.m. price. Entry just here off the break of structure or here off displacement. Displacement candle is classified as when it's bigger than the previous one pretty much. Just very simple definition. But here we go. Good
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break of structure and easy exactly 38 points and pretty much in your favor. So, kind of an A+ setup. Break of structure 38 points, boom. Drops down more, definitely going to buy back.
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Let's see. If you buy here off break of structure, you're getting 34 points in your favor, perfect. Send the first one in here, lose. Send the next one in here win.
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Maybe, yeah. Oh, it's going to be Yeah, it's close, but it's pretty much the same. Two pretty standard reversions right there. Uh here, it's possible.
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This is a good displacement candle. This one's not 'cause it's a huge wick and it's not very large compared to this one. This one's iffy. It didn't close above the structure, so that's why I'd be a little bit concerned. This is sort
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of the best candle that we get, but I probably wouldn't have taken it. I would have just stopped here where it's like chopping a bunch. Now, let's get into New York AM, the bulk of the session.
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Huge green candle. Break of structure, everything that you need, displacement. Definitely 50 point stop and then 76 point take profit.
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Pretty standard trade there. Just 'cause the open candle was 40 points. Very good continuation. Now, lots of consolidation right here. And it breaks up and then it continues up. So, I would adjust the fair price from the open to
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right here before this candle spawned in at 9:51. Because wh
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And I would not be reverting all the way down here. I would be reverting back here. In terms of the entries, great displacement here and here as well, actually. So, take one right here, take another one here, take
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another one here, and then final one here. Just pretty much every single displacement you can find back towards this price. And then depending on if your account needs 180 points or if it needs 130 or 100 or 75, whatever.
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Maybe you win, maybe you lose. Um What I have ended up doing recently is layering two accounts at times. So, I send one account in all the way down to what I think fair price is, and then another
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account basically like halfway. Just depending on what's optimal for my specific account. Anyways, after it hits 11:00 a.m., it continues going up, I'm just done reverting that one. 6:00 p.m., green candle. You can just buy at the top. It's good that there's a wick on
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the bottom rejecting going short. So it's a pretty good continuation long 25 38 cuz the candle's 23 points. There's no need to change the size and then I guess it barely Well, not barely. I guess it loses.
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Asian session, let's see. Asian session green candle, good break of structure. You could buy just at the top cuz it does break structure. There's a bit of a wick, but it's not the worst trade ever.
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That's pretty standard right there and then unfortunately like there's nothing to revert cuz there's basically zero volume. Feels like it's a holiday on this day cuz there's no volume. And then it just goes straight down. I would try
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to revert this once right here. We get displacement back towards the Asian open exactly 38 points with a 25 point stop.
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And I'd be done after this. That one loses because there's like no volume and it's clearly trending down after it stops you out. Next New York AM for Wednesday. Okay, that's convenient. Opens right here.
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Probably opening at a a fair price maybe a little bit below. This consolidation here looks like it could be fair. Well, I'll just put it like right there.
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Anyways, continuation short. I took one right here. Definitely not the best. Opening candle was green and I went against that because this is 9:30 of the previous day. So I was quite confident that I'm getting like 76 points. So I'm just
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going to short right when that candle closes and then unfortunately lost, but um I was quite confident after it broke structure down it was going to continue, but opening candle was green should not have gone against that. Lost eval for
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that. It is what it is. After that break of structure definitely trade it back towards the open. 25 point stop.
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Um barely did not get hit, I believe. Yeah, I think that's off by like never mind. Maybe it got hit.
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But anyways, pretty standard reversion back towards fair price. Um this is too close to the fair price to revert, but finally gets far enough away.
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You can buy right here. Go for reversion there. That one loses and then another displacement here. That one wins.
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And then it hits 11:00 a.m. right here when you win. So I would be done after that. 6:00 p.m. is opening red. There's a bit of a gap to the bottom. So I would just take a short just like that.
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Unfortunately this one loses, but um seems pretty standard. I'm not sure why it wakes It wakes there for like no reason, but whatever.
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Seems to be opening pretty fairly. Then for Asian session, opens down, take a continuation short. Probably go for 76 points just because the opening candle is 27 and then 50 point stop right there. That one's unlucky because if you had gone two contracts, you would
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have hit your take profit and then you could have bought right here all the way back up to 6:00 p.m. and then won.
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But, you know, it is what it is. So, you kind of miss out on that because you're in the short. If you wanted to optimize a little bit, then what you could do is you could exit positions like this if they ever break
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structure against you. Um like right here, it breaks structure against you. You could technically exit and go long instead of just holding your other one all the way down to expiration at take profit or stop loss.
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So, kind of up to you what you want to do there. And then that's your greater version, but I'm I'm usually done with the session by then. So, unfortunately, after this move up, I would just get off and then miss that entire inversion, but
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it is what it is. Now, Thursday, I will show you a video of a live trade somewhere on the screen, hopefully.
Speaker A
All right. So, that was the trade that I took, just the first displacement candle that I saw, targeting 100 points exactly for a $30,000 win with 15 contracts back to the pre-news price.
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I had a 25 point stop and then I moved break even once there was structure here. So, that meant if it broke structure against me, I could get out break even. That was like perfect, right? Cuz the structure is like
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basically at my break even. So, amazing setup. I always size up on the news inversions cuz they are the strongest ones. News is literally priced in every single time, so there's no reason to not do this one.
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Um and I didn't take a continuation of them because it was a 92 point candle.
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It was like a little bit too much for pre-market volume for me to be comfortable. It was kind of a discretionary play. Honestly, nothing I can even say. I just didn't feel like it was going to win.
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Uh maybe just experience. But anyways, perfect short right there. $30,000 win, and then market open.
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After news, though, it was a little bit difficult to determine if pre-news was fair, like here, or the market open was fair, cuz news was green, opening candle was green, opening 1-second candle was green.
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So, I was kind of long biased cuz of all of those things, and I was trying to determine between this and this for fair price. Anyways, um no continuation trades because huge wicks absolutely everywhere.
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And the first trade that I did take was this one right here. Kind of a continuation / reversion all in one, just cuz I thought that the fair price would be up here. That one lost, whatever.
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And then I did take another one. I got in while this candle was forming.
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Uh just cuz it didn't have a huge wick. There's like I don't want to enter when this candle is forming. So, I did this sort of trade. It was a 50-point stop and 76-point take profit.
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Um I don't know if I got in it. I think I got in like right there, like right when it broke structure, or not structure, right when it broke above the wick of the previous one. I just entered
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for 76 points. Um so, yeah, that was just a a good reversion. And then, since the market opened and it came up here, I was going to treat this one here as fair price. Then, it broke up again,
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and I wasn't wanting to short back to here because I was long biased. There's also some consolidation here after news.
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I was under the impression that fair price is one of these three, right? And worst case, you can just trade to and from them with a 1.5 risk to reward. And then, either 50/50, it's this or this, and you have 1.5 risk to reward, and if
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you have a good entry, you're going to make money. So, that was sort of the approach for this day. It was a little bit weird, um but I did take this long right here for 50 points.
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25-point stop, I believe. Just getting in off displacement. Um cuz I was I was pretty sure this one up here was fair price cuz it did consolidate here and then eventually broke up. So, I did not take the
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reversion all the way back to the open this day. If you did, then congrats to you.
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But, I was under the impression that news was green, opening candle was green, 1-second was green. After it opened, it started going up.
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Uh and there was consolidation and here, and here. And this move down got rejected with a quick long.
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Uh, so I was quite sure after this it was just going to like keep drifting up, but clearly the opposite of what I was expecting, uh, which is why I did not make money on the shorts, but I did make
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money on this day regardless, which was amazing. Now, for 2:00 p.m. session, I guess I don't really go over them, but if you want to trade 2:00 p.m., what you should do is just trade back towards 9:30, right? So, in this day 9:30 is just like
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somewhere up there. So, just buy at 2:00 p.m. honestly. You got a good break of structure right there. Opening candle's green, break of structure here, just trade that back to 9:30. It's hard though because sometimes there's like zero volume, and obviously you can't
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revert 500 points in 2:00 p.m. session, so use your discretion. Just know the direction's most likely back towards 9:30. Now, 6:00 p.m. opening candle was green. I'm not going to take any positions here cuz there's a gap that
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hasn't been filled. So, I I was waiting for here, boom, quick break of structure, take it back towards the gap being filled for 19 points or so. Second trade, same thing, boom boom boom, consolidation, break structure to the
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downside, target the gap being filled, super easy right there. Asian session was so weird. I just bought right at the top of this, you know, it is what it is, but basically I was like high time frame bias is long back towards 9:30 of the
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previous day since I did not see any news to cause this entire move down, so I just bought.
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Did not work out well, but it is what it is. Uh, I had a 50-point stop, but it got hit instantly. Then this was some sort of news that Yeah, the thing is you can't really get in a buy here
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just because news is coming out. Like you don't know that you're supposed to buy here, right? So, it was a little bit difficult. Um, I was just in right here, but it's it's hard to get in on this
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candle. I think it's like literally impossible. I did this candle cuz I saw a news came out and it broke structure to the upside. Asian open was green, 6:00 p.m. open was green, high time frame bias is long, so pretty much
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everything in our favor, including news, which is funny, uh, just to buy. So, sort of a news drift continuation trade.
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Uh, and then I did have a nice overnight trade before the holiday. Lots of consolidation here. It just broke up between 10:00 to 11:00 when I go to sleep. It just broke up and I just bought and then I just I just left it
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and I woke up like 8:00 a.m. right here and I just closed it. Huge profit, so you know, might as well, right? News drift, it's it's pretty strong. And then the holiday, obviously Friday, no trades on this day except for some very small
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scalps. I was just trying to qualify my account towards payout, so I needed like a $200 win, a $400 win, and a $150 win, so I was just like tiny little scalp.
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Opening candle's green, high time frame bias is longs. So, I just bought, give me like five points or whatever it was. Just boom.
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And then it was reverting, I just shorted here off break of structure. Just pretty standard in general. But, that was the whole week. Insane 30k win kind of helped the profit for the week.
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And the interesting thing about prop firms is I won a bunch this week. And now it's going to turn into payouts next week. So, I didn't get the payouts this week because, well, I won this week. So, I just need my winning days and my
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qualify for the payout, so bunch of payouts coming next [clears throat] week. Hopefully, we'll have a good start to the month. But, here's what you should do. You should go back through this episode and make sure you're taking
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similar trades to me. If not similar trades, then at least make sure you were trying to identify fair price in a similar way to me throughout the week.
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You can backtest the week, compare it to your own trades. Really just try and get your strategy to be as close to my entries as possible. Entries are not the most important, direction is the most important, especially on prop firms. A
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small bias can make you a ton of money. So, just figure out what you're worst at. Is it your entries? Is it your bias?
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Is it your risk? And then put most of your effort into that. I've worked with traders that have pretty much every single problem possible with trading and I'm definitely able to help them fix it.
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So, if you're interested, there is a link in the description to apply for a mentorship. It is going to be closing somewhat soon just cuz I can't teach everybody in the world. So, if you're interested, the link is in the
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description, but that is week four on the road to documenting another million dollars worth of prop firm payouts.
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Episode five will be coming out next week and it's going to be a handheld vlog style where I'm going to show you all of my trades live if I can remember to, as well as just like what I'm doing
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throughout the week. So, I'll see you in the next one.
Topics:futures tradingprop firm payoutstrade analysisrisk managementmarket structuredisplacement candlebreak of structuretrading strategyJJ Simonlive trade
