EthicalxTrader - Chase

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[EthicalxTrader - Chase @EthicalxTrader]

$ES Notes from Recent High Frame Price Action 7/15

ES continues respecting its higher timeframe bullish structure, with buyers consistently defending higher lows while price compresses beneath long-term resistance.
Today's rally pushed ES back above the descending trendline, placing price at a key breakout decision area heading into the overnight session.
Current price is around 7,618, with buyers attempting to establish acceptance above former trendline resistance.
The technical picture has improved considerably, but bulls still need confirmation above nearby resistance to validate the breakout.
Current price action continues resembling bullish consolidation transitioning into a potential breakout.

Levels I've Been Tracking
Resistance
7,694–7,675
7,630–7,626

Support
7,585–7,554
7,525–7,493
7,452–7,405

Volume and behavior notes
Buyers regained momentum after reclaiming the descending trendline that capped rallies for several weeks.
Volume remains healthy as price tests a major resistance zone, suggesting the breakout attempt is meaningful but still requires confirmation.
Current behavior resembles:
Trendline breakout attempt
Bullish consolidation
Higher-low continuation

Holding above 7,585 keeps the breakout structure intact.
A sustained move through 7,626–7,630 would likely open the door toward 7,675 and the all-time high near 7,694.
Losing 7,585 would likely trigger a rotation toward 7,571, 7,554, 7,525, and potentially 7,493–7,452.
Overall read from my notes
ES enters the overnight 7/16 session in one of its strongest technical positions in several weeks. Buyers have reclaimed the descending trendline while preserving the higher-low structure that has supported the broader bullish consolidation.
The next step is confirmation. Holding above the reclaimed trendline would significantly strengthen the bullish outlook and increase the probability of a move toward 7,675 and eventually the all-time high near 7,694. Failure to maintain acceptance above 7,585 would suggest the breakout needs more time to develop and could lead to another rotation back into the middle of the consolidation range.

[EthicalxTrader - Chase @EthicalxTrader]

$NQ Notes from Recent High Frame Price Action — 7/15

The higher timeframe continues to maintain a bullish consolidation, with price still compressing between rising support and long-term descending trendline resistance.
Buyers defended yesterday's pullback, but today's recovery stalled once again beneath the descending trendline, reinforcing it as the primary resistance to watch.
Current Price: 29,736
The overnight 7/16 session opens with NQ sitting just above key support while testing the lower half of the consolidation range.

Technical Breakdown

Resistance

Immediate

29,826

29,956
30,000
Major

30,090

30,172
30,357
30,695
30,826
Support

Immediate

29,690

29,397
29,265
Major

29,129

28,816
28,653
28,090
Volume & Trend Analysis

Buyers continue defending the higher-low structure despite repeated rejections from descending trendline resistance.

Price remains trapped inside a tightening range, with both buyers and sellers respecting the established technical levels.

Until either the descending trendline breaks or support fails, expect rotational price action rather than a sustained trend.
Pattern Structure
NQ remains inside a higher timeframe bullish consolidation.

The longer-term structure continues to favor buyers as higher lows remain intact, but every rally has been capped beneath the descending trendline that has guided price lower since early June.

This compression continues to reduce available trading space, increasing the probability of a larger directional move once price finally escapes the pattern.

Trading Plan

Bullish Scenario

Trigger

Hold above 29,690.

Break and hold above 29,826–29,956.

Targets

PT1: 30,090

PT2: 30,172
PT3: 30,357

Extended Targets

30,695
30,826
Invalidation

Sustained acceptance below 29,690.

Bearish Scenario
Trigger

Lose 29,690 with continued acceptance lower.

Targets

PT1: 29,397

PT2: 29,265

PT3: 29,129

Extended Targets

28,816

28,653
Invalidation
Strong reclaim above 29,956 and acceptance through the descending trendline.

Conclusion

NQ enters the overnight 7/16 session continuing to trade within its larger bullish consolidation. While the overall structure remains constructive, buyers have yet to prove they can overcome the descending trendline that has controlled price action for more than a month.
Holding 29,690 keeps the higher-low structure intact and leaves the door open for another attempt toward 30,000+. A confirmed breakout above trendline resistance would significantly strengthen the bullish outlook and shift focus toward 30,172, 30,357, and eventually 30,695–30,826. Conversely, losing 29,690 would likely trigger another rotation toward the lower end of the consolidation before higher timeframe buyers are tested again.

[EthicalxTrader - Chase @EthicalxTrader]

I don't normally jump in on this type of trade, but I have monitored $LCID for a long time as I traded shares and options.

Yesterday on the dip with the "risk of bankruptcy news", I bought calls.
I mentioned in our discord lounge that I was going to be investigating and looking at add longer term positions of more shares and longer dated calls, but it rebounded after the halt fast.

For those that aren't aware, the Saudi PIF has a significant stake in LCID as part of their green initiative plan that goes beyond 2030.

I have seen more and more personal owned Lucid vehicles in the Dallas metroplex this year.

Definitely a good one to keep an eye on for longer term trading. They just made several leadership changes the past few weeks.

Feel free to come join our FREE trading discord:
https://t.co/Kp4mx6PSby

[EthicalxTrader - Chase @EthicalxTrader]

@options_monkey @Alpha_Futures_ wow. I'm sorry man. I sent you a friend request on there.

[EthicalxTrader - Chase @EthicalxTrader]

With all of the @Alpha_Futures_ news and now people putting blame on the Tradeovate/Ninja situation based on the billing email that went out, and an attempt to dispute that by Alpha, let's not get distracted by the broader situation here.

We were lied to for the better part of two months.... by support, by mods in their server, and by management/Owners directly. Over and over we were told the delays were just due to volume, and that "your payouts will be paid and your funds in your accounts are safe." The whole time, they routinely turned on slow mode or disabled chat entirely in their own Discord channels so users couldn't even talk to each other about what they were experiencing. Controlling the narrative while stringing us all along.

Then this weekend they dropped the news. My payout that had been sitting in Approved for Pay status since the beginning of July was voided, and my Premium Account was deleted from the dashboard entirely, an account that still had a $14k+ balance and was one day away from being eligible for another payout. Between the two, they wiped out over $17k in profit I earned fair and square over the past two months. All of that time and energy focusing on doing the right things to be a consistent and profitable trader, time spent distracted from family, stress and energy put into it.

There were other ways they could have handled this: transferring balances, resetting trading days, any number of options. Instead they chose to just write off every pending Premium payout and every Premium balance. The absolute max payout on a Premium account was $6k. They yesterday some affiliates posted bragging about still getting payouts and defending the company, one of which was a $6750 payout. So apparently protecting their affiliate exposure mattered more than paying out the max anyone could even be owed from a pending Premium payout.

And what's really telling: the payout eligibility conditions on Alpha Advanced accounts are THE SAME as they were on Premium: 5 days of $200+ gain per day. The MLL difference between the Advanced $50k and Premium $50k was only $250 ($1750 vs $2000). Sure the profit target to pass was $3k, but that's the same account structure @Topstep has used for a long time and @TradingLucid has on their Flex accounts. Most traders can't string together $200 gains for 5 straight days without hitting their MLL: so the idea that Premium accounts alone caused this mess doesn't hold up.

#Tradeovate API token limits, what Alpha was actually contracted for, have been a problem since before Premium accounts even launched. All those delays creating Tradeovate accounts on the Alpha Dashboard make sense now. They weren't paying for enough API tokens to support the number of accounts being created, and probably weren't paying those bills on time either.

They lied to all of us, repeatedly, for weeks. That alone should be enough that nobody believes another word out of their mouths at this point.

And it hasn't stopped. Chats in their Discord server have been turned off since the weekend BEFORE they even announced what they were going to do. Their posts on X since then have had commenting blocked too. Does that sound like a company trying to rebuild trust and open communication with the people it just took money from? Or does it sound like a company trying to control the narrative and avoid accountability?

#PropFirm
#PropTrading
#FuturesTrading
#PropFirmScam
#TradingCommunity

[EthicalxTrader - Chase @EthicalxTrader]

@Drafttrading And yet we have people out there saying crap like this that will keep giving them their money 😂
Meanwhile I got robbed of a payout and another $14k+ on my accounts they made vanish over the weekend

[EthicalxTrader - Chase @EthicalxTrader]

@LVnFehm @alpha Someone showed how they have people reporting all of the negative feedback responses so that they are being flagged and removed as harassment or some other offensive comment.

[EthicalxTrader - Chase @EthicalxTrader]

@Vaultrades_ @Alpha_Futures_ Yup. Got me for my pending payout and $14K+ balances…

They opened the discord channels with a 1 hour timer and they are literally saying the same crap they told all of us for weeks. People are crazy to trust them.

[EthicalxTrader - Chase @EthicalxTrader]

$NQ Notes from Recent High Frame Price Action — 7/14

The higher timeframe continues to maintain a bullish consolidation, with price still trading inside the larger compression pattern that has developed over the past several weeks.
Buyers defended the recent pullback well, producing another bounce into the upper half of the consolidation range.
Current Price: 29,794
The overnight 7/15 session opens with NQ sitting directly beneath descending trendline resistance, making this another important decision area.

Technical Breakdown

Resistance

Immediate

29,826

29,922
29,955
Major

30,090

30,172
30,357
30,695
30,826
Support

Immediate

29,690

29,304
29,265
Major

29,129

28,816
28,653
28,090
Volume & Trend Analysis

Buyers stepped back into the market after last week's weakness, but momentum has slowed as price approaches descending trendline resistance.

The recent recovery has preserved the series of higher lows that continues to support the broader bullish consolidation.

Until price either breaks through trendline resistance or loses the higher-low structure, expect continued rotational price action within the current range.
Pattern Structure
NQ remains inside a higher timeframe bullish consolidation.

Price continues compressing between rising support and long-term descending resistance. This tightening structure suggests the market is storing energy for a larger directional move, but confirmation has not yet occurred.

As long as higher lows continue to hold, the broader technical structure continues to favor buyers over the intermediate term.

Trading Plan

Bullish Scenario

Trigger

Hold above 29,690.

Break and hold above 29,826–29,955.

Targets

PT1: 30,090

PT2: 30,172
PT3: 30,357

Extended Targets

30,695
30,826
Invalidation

Sustained acceptance below 29,690.

Bearish Scenario
Trigger

Lose 29,690 with acceptance below support.

Targets

PT1: 29,304

PT2: 29,265

PT3: 29,129

Extended Targets

28,816

28,653
Invalidation
Reclaim above 29,955 and continue accepting above the descending trendline.

Conclusion

NQ enters the overnight 7/15 session still respecting its broader bullish consolidation. Buyers have defended the higher-low structure once again, but the market remains capped beneath a well-defined descending trendline that has limited every rally since early June.
A sustained breakout above 29,955 would increase the probability of another push toward 30,090–30,357, while continued acceptance above the descending trendline could open the door for a retest of 30,695–30,826. If buyers lose 29,690, expect another rotation back into the lower portion of the consolidation before higher timeframe support is tested again.

[EthicalxTrader - Chase @EthicalxTrader]

Totally agree. We were lied to for 2 months by support, mods in their server, and even management.
They assured us that the delays were just due to volume and repeatedly told us "Your payouts will be paid and your funds in your accounts are safe".

Then this weekend they dropped that news, voided my payout that was sitting in Approved for Pay since the beginning of July, and removed the Premium Account from my dashboard that still has another $14k+ balance in it and was 1 day from being able to take another payout...

The fact that they straight up lied to all of us over and over again should be enough that no one should believe any nonsense they try to state at this point. Regardless of the Ninja/Tradeovate aspect, the fact is they lied to us and didn't have the money to pay us for the payouts we rightfully earned.

What is really crazy about all of the voiding payout side and how they handled the Premium accounts is that the conditions to be payout eligible are THE SAME on the Alpha Advanced accounts as they were for Premium Accounts. 5 days of $200+ gain per day.

The MLL conditions between Advanced $50k Account and $50k Premium Account were only $250 difference. $1750 on the Advanced and $2000 on the Premium.
Sure the Profit target to pass was $3k, but that is the same exact account conditions that TopStep has used for a very long time now.

Most traders can't make $200 gains for 5 days without hitting their MLL, so you are telling me that somehow these premium accounts are the only reason they are in the situation they are in? No way.
Tradeovate token limits (the amount that Alpha was contracted for) have been an issue for them since before the Premium Accounts were even launched. All of those times where creation of Tradeovate accounts was delayed between the Alpha Dashboard make sense now that we know this. They weren't paying for the amount of tokens they needed to supported the number of accounts being created and they probably weren't paying the bills on time for the tokens they were issued.

[EthicalxTrader - Chase @EthicalxTrader]

Most of us know better than to believe a single word said by Alpha at this point because they straight up lied to us the past 6 weeks. We were told by support, mods in the server, and even management that our payouts and funds were safe, then they just wiped them like that.
Alpha completely ripped off a ton of us by voiding payouts they had already approved for payment, and also taking away valid profits and closing accounts on us. Between the payout and account balances, they effectively wiped $17k from me that I had worked hard to earn the past 2 months.

So only one of these 2 companies has a sustained track record of lying to us, turning off communications on their server so users can't discuss it, and even made their post with comments turned off on it...

Please don't defend a company like this that has a clearly been deceitful.

[EthicalxTrader - Chase @EthicalxTrader]

Tradeovate didn't scam. What isn't mentioned in that update this morning is how the additional charges were likely a result of additional token usage for account generation. It is totally normal with license models like that to have a base charge, then be invoiced for additional usage.
All those times that the Tradeovate accounts were not generating and syncing from the Alpha Dashboard... Yeah that was the result of them hitting their quota and not paying for the additional tokens needed. Ben had even mentioned that several months ago on their discord, but worded it as if it was a limit that Ninja/Tradeovate had put on them, but in reality it was that they were limited to what they were PAYING FOR.

The only SCAM in this situation is how Alpha completely ripped off a ton of us by voiding payouts they had already approved for payment, and also taking away valid profits and closing accounts on us.
Between the payout and account balances, they effectively wiped $17k from me that I had worked hard to earn the past 2 months.
Most of us know better than to believe a single word said by Alpha at this point because they straight up lied to us the past 6 weeks. We were told by support, mods in the server, and even management that our payouts and funds were safe, then they just wiped them like that.

[EthicalxTrader - Chase @EthicalxTrader]

Good morning ET family!

It's a new day.

Not because the calendar says so.

Because you have another opportunity.

Another opportunity to become stronger.

Another opportunity to outgrow the person you were yesterday.

Another opportunity to prove to yourself that you're capable of more than you've been believing.

Too many people wake up hoping today will be different.

Hope is important.

But hope without action changes nothing.

The life you're praying for...

The marriage you want...

The career you're chasing...

The trader you're trying to become...

The legacy you want to leave...

None of it is built by wishing.

It's built by showing up.

Again.

And again.

And again.

When you're motivated.

When you're tired.

When life is unfair.

When the market humbles you.

When work is overwhelming.

When nobody is clapping for you.

That's where greatness is forged.

The people who inspire us aren't people who never got knocked down.

They're people who refused to stay there.

They decided that pain would become purpose.

That failure would become fuel.

That every setback would become another reason to grow instead of another excuse to quit.

So today...

Walk with confidence.

Not because everything is perfect.

But because you've survived every challenge that's tried to stop you so far.

Walk with gratitude.

Because someone would give anything for the opportunities sitting in front of you today.

Walk with purpose.

Because every conversation you have...

Every decision you make...

Every person you encourage...

Is another chance to leave this world a little better than you found it.

This community has never been about chasing perfection.

It's about chasing progress.

About becoming men and women of character.

People who lead with integrity.

Who lift others up.

Who refuse to let temporary setbacks define a permanent future.

So let's attack this Tuesday.

Bring energy.

Bring discipline.

Bring humility.

Bring heart.

Because the world has enough people who complain.

Be someone who builds.

One decision at a time.
One challenge at a time.
One day at a time.
Live Full.
Die Empty.
Fail Often.
Love Always.
Now let's go make today count.

The best version of you is waiting on the other side of the work. 💙

[EthicalxTrader - Chase @EthicalxTrader]

@FloridaMaannn They aren’t. They already voided the payout of mine that has been sitting in “Approved for Pay” for over a week, then they removed the Premium accounts from the dashboard. One of which had $14k+ balance on it and was going to take another payout tomorrow.

[EthicalxTrader - Chase @EthicalxTrader]

@Sanukiudon1022 They voided mine this morning as well. Then deleted my premium account off the dashboard that had over $14k balance in it.

[EthicalxTrader - Chase @EthicalxTrader]

@Sensei_smc @RC_FUTURES @fundedfamily Company is out of money. Behind on bills and all.

[EthicalxTrader - Chase @EthicalxTrader]

@RiskyInvesting @Alpha_Futures_ Well considering we were lied to about payouts and accounts by Alpha support, mods in their server, and even management…. I’m betting Ninja/Tradeovate are very much telling the truth about this.

[EthicalxTrader - Chase @EthicalxTrader]

@TheTrustedProp @Alpha_Futures_ Love that Tradeovate was like “hold up, that’s not how that went down”, and proceeded to put them on blast like that 😂

[EthicalxTrader - Chase @EthicalxTrader]

I love that Tradeovate put the truth out there like that. Can’t pay payouts when they can’t even pay their bills.

This also makes a lot of sense for the sporadic issues they had with Tradeovate account creation the past few months. They kept blaming the tokens and such, but of course they were running out of tokens, they weren’t paying the bills!