Speaker A
Foreign folks, I hope you're doing well. So, we're looking at the NASDAQ futures contract for September 2023's delivery, and on the left-hand side here, we have a weekly chart. Take your attention to this previous week we just closed.
Live NASDAQ futures trading using the TGIF setup with real money, demonstrating a precise retracement strategy and live trade execution.
Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.
Generated from the transcript and can be wrong — check the timestamp.
Key Takeaways
- The TGIF setup is a unique, time-tested retracement strategy for weekly ranges in futures trading.
- Market price movements show elements of precision beyond randomness and typical supply-demand models.
- Live trading with real money validates the effectiveness of the TGIF setup and related models.
- Combining chart analysis with SMT divergence can improve trade entry and exit decisions.
- Transparency and proof of live trading builds trust and credibility for the trading methodology.
What the video covers
- The video analyzes the NASDAQ futures contract for September 2023 using weekly and daily charts.
- Introduces the proprietary TGIF setup, based on a 20-30% retracement of the weekly range.
- TGIF setup has been used successfully since 1998 and is not found in conventional trading literature.
- Explains market behavior beyond randomness, challenging supply and demand as sole price drivers.
- Details daily chart zones of buy side and sell side balance and efficiency with fair value gaps.
- Shows a live trade executed on a CFTC regulated broker with real money, not a demo account.
- Trade setup involved shorting into a fair value gap with a stop loss above a key wick midpoint.
- Demonstrates SMT divergence between NASDAQ and S&P 500 to support trade decision.
- Trade management included moving stop loss to breakeven and targeting sell side liquidity.
- Confirms a live profit of $15,400 using the taught TGIF strategy available for free on the channel.
Chapters
- 00:00Introduction and Weekly Chart Overview
- 01:01TGIF Setup Explanation and History
- 01:36Anticipating Weekly High and Retracement
- 02:01Market Behavior and Price Movement Concepts
- 03:00Daily Chart Analysis and Key Price Levels
- 03:44Trade Setup and Prior Video Reference
- 04:37Live Trade Execution with Real Money
- 05:07Trade Management and Stop Loss Strategy
- 07:11Trade Outcome and Final Profit Disclosure
Full Transcript — Download SRT & Markdown
Speaker A
This was the low, and this was the high. I taught on my proprietary concept, the TGIF setup. It is primarily on the basis of a retracement to 20 to 30 percent of the weekly range. Now, I have students that have known this for
Speaker A
years, way before I made it public on my YouTube channel here, but this has served me well even since 1998. You won't see this pattern anywhere; it's not talked about in any of the books, but Power three
Speaker A
on a bullish week, when we form a high, and I'll talk about what the high was likely to be formed around. But once you have a high formed, or what would be a tradable high, one that you suspect will be the
Speaker A
potential high of the week, then you can anticipate a run back down into 20
Speaker A
to 30 percent of the weekly range. Okay, so TGIF is thank God it's Friday. It's been going up one direction all week, and then the market comes back off of that and retraces a little bit. This is to kind of like remove the argument
Speaker A
of whether or not the markets are random or also to challenge the idea that supply and demand or selling and buying pressure are the facilitators to what makes price go to where they specifically trade to. There are elements of
Speaker A
precision that I'm teaching you that aren't just simply going to align like the stars to make them go right to a specific price point and not any further. Okay, so if you plead the statistics that nine percent of traders lose money,
Speaker A
it's a really hard argument to make the case that these markets are absolutely random and no one could know for sure what was going to happen. So, over here on the right, we'll look at that in a moment.
Speaker A
Let's bring in the daily chart here. So, the daily chart, this shaded area here is a sell side and balance, buy side, efficiency from this candle's low. So, this candle's high, that's the shaded area here. I measured from this candle's
Speaker A
high to that candle's low midpoint, which is consequent encroachment. That's what the CE stands for. So, the market could trade up to that level on Friday, and this level here is this level over here on the one
Speaker A
minute chart. Okay, all of these highs here prior to the stock market opening bell here, right here, all these highs here, they ran right before the opening bell. Market dropped here, created a fair value gap. We opened, traded up once more lower, and
Speaker A
then we took out this low here. I liked that one. I wanted to see this low taken out because this area here, buy side, which is buy stops, traders that want to capture a breakout move. Okay, they might draw trend lines on
Speaker A
things, and if it breaks above, they'll think it's going to go higher. I'm not a fan of that stuff. So, I wanted to see it take the buy side first and then run the sell side relative equal
Speaker A
those here. It did that there, and in the video that I put up prior to this one on YouTube channel, it was interactive study. I wanted you to think about what it was I was utilizing to take that trade.
Speaker A
Here's the market trade up into the fair value gap here. I marketed in. Market breaks down into this buy side and balance outside and efficiency. Now, this is the part of the video I understand this is all me talking about something in hindsight,
Speaker A
but we're going to go to a live trade, not a demo trade, a live trade with real money in a CFTC regulated broker in the U.S. And this area here, I wanted to see it trade through it, which is
Speaker A
right here. I want no respect of this buy side. This is from this candle's high, that candle's low, all this big range higher. I wanted to see a complete overlap all that and run right on through it down into the south side here
Speaker A
to get to the low end of this daily, and there's the sell side and the low of that shaded area over here on the daily chart. And again, this is a one-minute chart here on the right-hand side.
Speaker A
I felt that we would see speed in the delivery of price, and we saw that absolutely deliver here. Ultimately, you can see the low objective for the weekly range retracement, which is TGIF calling for fifteen thousand four fifty
Speaker A
five, and the low of gaming at fifteen thousand four fifty-four. So, it went one handle below it just to trade inside of this fairway gap in the form of a buy side about sell significance trading just below
Speaker A
Thursday's low, which I was anticipating that by specific price level 15,460 and a quarter, which I tweeted beforehand on Friday. And all that is time and date stamped. You can see that as well. So, with that, I'm going to go into
Speaker A
the execution video, and we'll jump out over that and wrap this up quickly. All right, so I get a lot of these all up in the comment section. Can you show me something on a real account, not paper
Speaker A
trading? Ah, here we go. This is a live account. You can see that in the lower left-hand corner. The brokerage firm is AMP Futures. I went short as we traded up into that fair value gap that's shaded here in pink on the right-hand
Speaker A
side. I'm going to apply the stop loss, which will be just above the longest wick, above the midpoint of that wick, which is consequent encouragement. So, I trust the fact that it's not going to go back up there.
Speaker A
And now I want to watch it break down with a lot of speed, and I like the fact that we failed to make a higher high on NASDAQ versus the higher high that was formed to the left on S&P. So, there's SMT
Speaker A
divergence there as well. So, I'm annotating. This is all live. It's not sped up. This exactly as it would have happened if you were watching over my shoulder. And a day prior to this Friday, or two days actually, I did a Twitter space
Speaker A
stating that I couldn't trust my model would deliver a 15,000 trade well non-farm payroll Friday. And someone challenged me on that, saying it wouldn't happen basically, and another guy said, you know, it would only be in paper trading. So,
Speaker A
here I am anticipating that buy side balance outside efficiency to be completely disrespected and ran through. I'll shade that area here. And as a reminder, it would be illegal for me to say that this was live fund trading, real money trading, demo if
Speaker A
it really wasn't. I'm not so keyed up about getting clout and having to lie about something that I know, and my students have seen me do many, many times before. So, I'm watching price. I want to see it
Speaker A
accelerate through the low end of that shaded area. Now, just move the stop to better than breakeven. I'm not going to worry about the stop loss now, and I'm doing this also as a full pull. That means no partials,
Speaker A
full entry, full target, and I'm going to watch it trade down into that sell side liquidity. Now, admittedly, I'm believing it's going to go lower, but I promised everyone in the Twitter space that I could have a model deliver
Speaker A
fifteen thousand real dollars in a real account, not demo. And you're probably looking at this thinking, how's he doing? How's he doing? Well, I've already taught it. It's in the model 2022 playlist, and combine that with the TGIF
Speaker A
video. If you study those over the weekend and going into next week, you'll see exactly what I used here was already taught to you for free. And I'm getting ready to close it as it trades below it, and oh yeah,
Speaker A
that's what fifteen thousand four hundred dollars looks like a live account using what I taught for free on this YouTube channel.
Topics:NASDAQ futuresTGIF setupweekly retracementlive tradingreal money tradefair value gapCFTC regulated brokerSMT divergencetrade executionmarket analysis
