 Good morning, good morning, good morning It's time to rise and shine Good morning, good morning, good morning I hope you're feeling fine Good morning, get up, get out of bed It's time to wake up, you sleepyhead Gup is a brand new day And we can't miss out on that day to decay Get your day planned out to be at your best And you gotta make sure you got the right back test Like this sleep away, make sure you're awake Cause we don't have time for fat finger mistakes And ratio condos to get those fills You gaps up, look for Uncle Rick Smoke that down means it's time for Let's go Good morning everyone, happy Friday, January 26th Hope all is well S&P is down seven and a half Had the PCE data this morning Price danced around a little bit But not too much movement Price was actually, S&P was actually down About 25 or so overnight And then it rallied up Starting at about 2 a.m. Central Nasdaq is down 83 Russell is up 11 Dow down 58 Gold up 2 Silver slightly red Notes and bonds pretty much unchanged Oiled down A little less than 1% And added gas down a little over 1% Grains all down about 1% Euro and the pound slightly green Bitcoin up 3.5% Vix up about 1% Sitting at 13.58 So based on where price is with NTT I would not be entering a NTT trade at the open But I will be entering my normal Friday a.m. iron condor anyway Morning everyone Good morning Also be doing JSP's if they qualify And the 1DTE iron condor Which will actually be the Monday 3DTE In about 2 minutes till the open I'm just looking at my Looking at my 1DTE bot I thought I had it set To take the Monday options On a Friday Now I'm not seeing it So I may have to enter that one manually And technically, I mean If I wasn't doing my normal Friday morning Probably taking NTT at the open here Starting to push back up into the candle I like to see it kind of In the body of the candle just to kind of Get back more in Kind of a consolidation phase But kind of borderline If I didn't My other stuff didn't qualify I probably would take one at the open Well Dave, there's a setting Maybe it was in my overnight iron condor But there's a setting where you can Set the range so it would be the nearest You can set it between like 1 and 3 DTE in that way And then it would take the nearest There's the opening bell I should have thought about this earlier but I did not So I'm going to have to figure it out here in a minute 22.4 Is the expected move for the day So upside expected Move a little above 49.11 Downside a little above 48.66 Yes, that is it Dave So my AM Ratio trying to get filled Filled on my AM ratio And that's on the 75 Puts 49.10 Calls 35 wide I don't have my 1 DTE set up correctly So I'm going to go ahead and manually Enter my 1 DTE Mark it's pushing up Get in the old School push SPX just went green Interested to see how much decay I'll get On those Monday options throughout the day 7.4 Sorry guys Just got to do a little manual work here 1945 Is my stop My JSP's did not fire According to TOS the gap down Was good and it Would have but This is going to be a little bit off at the open It's 5 seconds after So It wouldn't have qualified so I did not take it Tomorrow have you taken one On a Friday yet I didn't take one last Friday because I was Wasn't in front of my Computer but I think the decay will be as good with Monday Options but we'll see Did you get anywhere close to the 45% profit target MRP Okay, nice So here's my M ratio that I just put on getting a little decay Already coming in 4875 puts 4910 calls SPX coming back down Into red territory If I didn't get in at the open on an NTT I would definitely be getting in now But like I said I got the other one going So I don't want to Load up right on basically the same strikes I'm going to just hold off for now Feast your Entry already hit 20% I'm getting some good decay on this On my Initial entry Not 20% Okay, so much wider I'm already at 15% on my $4 wide 3-2 It's like the old days There's a decent number of times Where we were hitting 20% profits Within like 8 minutes of the open Oh the good old days Sorry to bring that up. I know that's painful For a lot of you Was it 3 minutes? Yeah, that's There's some quick ones Yeah Cosmo, yeah, I will You know, sometimes I'll take it a little bit Before it closes inside But yeah, that's the idea When I was kind of doing my manual Backtesting I was obviously looking at Past charts so The price would be closed inside there But But I'm not super strict about it In real trading, but I do want Especially in Like this where there's Candles are very short Two wicks on both sides I probably would have gotten in Either at the open or Shortly after Cosmo, are you a Seinfeld fan? I just watched an old episode Of Seinfeld when They found out that Kramer's Real first name was Cosmo That was a good episode The expected move That was a little script that White Tiger put together Did I add that? No, I did not I was thinking I added that to the course Got you Cosmo Let's see here, I think I can share it Okay, I just added that script to the course But I'll Go Bumblebee Have you had a chance to watch that video? I talk about both those things I just want The price to be more touching the candle But If you go back and look at the charts You'll notice Candles are short, have long wicks That's when price is consolidating When they get longer and only one wick That's when it's trending I like to The price at least to be touching the candles Like this right here Would be an entry But even better If price is really chopping Because the candles are Short and wicky The other thing I'm trying to figure out With the NTT stuff Is Like Chad For example You get in based on consolidation For your first entry Your second tranche Might just be because price moved Not because price is consolidating I'm trying to I'm trying to decide If I want to do something similar to that Or if I want to always wait for You know price to be inside my NTT candles For potential consolidation Do you I guess the question for you would be What On your Numbers versus AM number two Or lunchtime number one versus lunchtime number two Because your number two is always Based on the price movement Not on It's based on your price movement out of center Not based on the actual price action Of the chart Are you seeing any More value On your number one tranches versus number two Have you looked at that What's your question My question is How does your number one tranche Perform better than your number two tranche Yeah so That's what I started tracking on January 5th It was the first time I actually started Tracking that And Not counting this week Well I guess I really haven't Tracked AM one and AM two individually I've tracked just both of them together I'm just curious If there's like Adding that So AM one Since January 5th It's had one Two Three losing trades AM two It's had one, two Two Okay Obviously not a big sample size No LT one versus LT two Let's see if I can put this See if I can put this in the A screenshot Still chopping within the first five minute bar I don't need the trend For this because I'm not trying to figure out The only thing I use The trend for Is the If I was trading to Trade bullish or bearish I'm gonna put this screenshot in here in just a second Yeah that's what I'm trying to think about Tomorrow Is do I want to Add To a position Because it goes out of center Once it hits one of my short strikes Or if I only want to Enter When price is in Consolidation with the NT candles You put this in that discord Yeah Kelvin there is a difference I believe January 12th is the day You can go back and read through Stop losses percent versus fix Tell your heart's content I just put that in the discord You can kind of That's just since I've been tracking So you can kind of see the reds Are the Losers Pair to winners Obviously yes I'm all that Sample set but Doesn't appear that One is better than two Or two is better than one at this point Right Yeah Ron the NTT just go to the The day trading course Channel And the very first Very lowest post is the NTT Indicators On a pdf with toss shared links And I just use the candles For this Purpose Kelvin the percentage will just end up being A tighter stop Than it will if you calculate it as a Fixed premium Yeah that's a good point Maro It does it allows it to When it starts to bounce around You know after a push It bounces around and then I'm getting filled on my profits when it's doing that Yeah I mean it's kind of a concept that I've Used with short strangles and Iron condors longer duration Layering at different price levels But I always I go back and forth on that because You know you're You're adding more exposure Price has moved You know Out of your you know has moved So if you know there's Kind of the argument of Okay should you load up more In the area where It's consolidating versus After it's moved Diversifying your range Outside of Where you enter you know what I mean it just You I don't know the answer but You know what I'm saying Chad Yeah absolutely Alright price coming down Towards the lower end of The first five minute bar Some good decay on my AM ratio here Already trailed my stop five bucks Lowes of day So we've kind of had a little bit of a push up Down quicker than Quicker than maybe some You know some days So I'm going to just kind of Start taking a peek at what premiums would be How wide as We're getting close to 90 9 a.m. Central Fire away day out PN are you aware of how How to upload shared links did you Just click on the link or did you copy And paste it to upload should Work I just just did it Bumblebee or anyone else did you try Shared link is it working for you Thanks MRP I'll wait just a minute Wait till after nine o'clock then Yeah Chris said it worked Yeah what's your question now Yeah I'm well aware Of FOMC next week for sure Yes sir I'm not scared of Jerome You scared of Jerome Chad did you get your tires all fixed up Are you mobile yet Yes well I have a truck too I have two vehicles but One got fixed yesterday afternoon After we got off the power hour Livestream and they couldn't have time to fix the second So this morning I took A second in to A discount tire at 8 a.m. And dropped it off with them so So I've got Three good ones on And I've got my spare still on And when I pick my boys up today And bring them back here You know after power hour we'll get my boys We're gonna have a tire changing lesson That's good I've had that with my kids Yeah so you know I gotta go pick it up And I'll drive my truck To discount tire pick up my tire We'll come back and we will Before they go inside the house We'll learn how to put the new tire on Yeah I did that this summer with Mine actually It's a good lesson Don't you just call 911 For tire changes Ken No I've never called AAA I just changed the tire One thing I am gonna do Is I'm gonna get myself an impact drill And leave it in my car and truck So I'm not using a tire iron to take the lug nuts Off and put them on Yeah well right after power hour You're giving that whole talk about that I was driving home and I I literally just Went right over a massive pothole And luckily it's all good But I was just like oh my god Get this Get this So last night I took pictures of my car With both tires off each side And Picture of my damaged tires And I posted on my Instagram story And I tagged Mayor Quinton Lucas Said this is unacceptable $1,500 I've spent Four different times From potholes Guess what he posted this morning What What he posted this morning Was If you hate potholes You'll love reporting them And getting them fixed through the myKCmo app There's a pothole app Screenshot of the myKCmo app Okay I don't want to just report them I want to get paid for the damages Alright so two minutes Until what the home Home sales comes out Pending home sales My AM ratio is already up 32% Theta is Awake this morning Netflix Pushing up Yeah they do Daedalus I use Waze And they do warn you the potholes Unfortunately I didn't have Waze on last night Waze I didn't know that Yeah Waze is awesome I'll give you a heads up on Cops I didn't know that I knew cops Not no potholes though Yeah that one DTE is Decaying nicely too Home sales higher than expected 8.3 versus the expected 1.5 Hmm it's a big jump IYR the real estate ETF Dropped So unfortunately all these Bitcoin ETFs Are like $20 stocks I was hoping there would be like a $1 that would eventually get Some good options on it but Doesn't look like it Doesn't look like it's affecting the Dao much Doesn't look like it's affecting anything much Nope It's typically not a high Impact type announcement So we've kind of had a little bit Of an initial push up and an initial push Down but really price hasn't Ranged so far Yeah it hasn't really moved a lot So let's start looking at getting One in here 49.05 Calls 48.75 puts 30 wide 50 points wide on wings Yeah nothing else today And then next week Monday is blank Nothing on Monday so Seems like it should be a good Monday For 0 DTE Tuesday jolts 30 minutes after the market opens Wednesday 80p non-farm employment Of course FOMC in the afternoon So we will not stream For power hour on Wednesday But we will stream during FOMC I believe that's on the calendar Yes it is okay Thursday Unemployment Pre-market ISM 30 minutes after the market opens Friday More employment data Pre-market I got filled at 660 SPX near lows of day S&P down 9, NASDAQ down 120 Russell still green Dow still pretty much unchanged So my OCO will be 20% 5.3 And trailing stop 4.95 Nice wide iron condor to start Alright my friends I'm going to jump off here Nothing else We'll be back for power hour In a day Good luck to all in your 0 DTE trading Alright all have a good day Chat with you soon Later