 is now running as well and we'll start in 10 seconds. Good morning everyone it's eight o'clock welcome again to another one hour at eight o'clock today we do have a news release an economic release so we may get some volatility quickly let's get on to the disclaimers all book mat limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results okay in fact let's just go and have a quick look at at the screens now we are going to quickly do the not the recap but the preparation context because we've got the 830 and I wanted to do some detailed analysis of some eth profiles versus rth profiles i.e. how eth often looks at the value that was established during the rth profile or the latter half of the rth profile so that's what i'm going to try and do for our idea and education for this session but let us go to the slides on okay so the same format we're going to do the prep context first then we'll try and sort of blend one and two the education and the eth setups but i think we're going to run out of time because the pce release is at 830 and we may as well watch that live at 830 okay so yep the major news release i think i mistyped it when i first put it into the channel it's not the mgdp which is canadian it's the core pce we also have the chicago pmi at 945 and consumer sentiment at 10 so you have a big session of economic releases plenty of volatility and one thing they do tend to do what we do like doing on those kind of sessions is pump the market up or down i.e. trend in a certain direction leading up to to that release and that's one of the things that they've been doing today and we can look at how the heatmap genuinely would have helped on that one okay just to recap where we are so the multi-month trend line for es on the daily we have touched it maybe we've had a false breakdown below it but it is also holding as we speak so it's intact it may need a tiny bit of adjustment but every trend line sooner or later will need adjustment but the moment it is holding and remember when we have any lines levels etc we're talking about ranges not individual price levels we're not talking to the tick because in my opinion that does not exist welcome on youtube uh yeah uh marius yeah hello um yeah discord said all sorts of issues um of actually has had the same issues i've had so yeah um i yeah i got one of those cloudflare blocks earlier saying that i was completely blocked by discord but thankfully it's come back up um so i think the stream should be working for some people in in discord i'm hoping like cmj and dan um can at least hear me and see what's on the screen um but yeah it's discord i've also got a heavy cold um it's the um the beauty about having children they they do bring um lovely colds and flus from school so um my voice is somewhat affected today right let's keep going so that's the multi-month uptrend line staying intact for the time being um and q yeah we broke it a little bit more but it's trying to get back above it so it's just watch this space here in other words we have not categorically broken that multi-month uptrend just yet um the 15 minute just to show where we are in relation to yesterday's range we're in the top half of the range and at the moment we're about yesterday's hybrid we have gone above it and i took this snapshot about an hour ago so it's out of date on the 15 minute and the same with the nq we are back just under yesterday's hybrid basically around there and we've been we've spent most of um the et8 station above it sorry uh above yesterday's mid okay um pre-market this is one thing in the trading view um stock heat map that you can set it to pre-market change so you can see what has been pumping up um with the market today pumping up in the sense it's been going up above yesterday's high and you can see the usual suspects are all there apple amazon google microsoft since they have been the primary driver of most of the uptrend the multi-month uptrend the fact they're up is not a real surprise um in fact there's nothing there that would surprise you um in relation to where the market has been today okay let us get rid of that and go back to the screens um just reading another comment daniel streaming okay it's both discord and youtube good i'm glad that discord is good for where you are okay i have um yeah the first thing before we go into some of the profile educational or information as i call it or maybe infotainment depending on how you want to look at it um i wanted to zoom out vertically on this es chart and yeah i've got the whole of the asian station in so you know really everything from 1800 new york time onwards and the reason why i've got that it should be fairly apparent so we've got resting liquidity at the m4 375 level and at the 4403 level i suppose i'd call it let's just have a look uh in fact i have to go back down again yeah about 4403 importantly not that round number of 4400 so i'll pay a little bit more attention so all i'm trying to say is if you zoom out both horizontally and virtually on this they did give you a really good clue in terms of liquidity magnets of where the market might go and there was a really really good run up um into yesterday's high and beyond so that was just just a clue and in direct comparison to that nq really hasn't been that useful um so if we zoom all the way out i mean you do have a level that it it breached this one over here very close to the 14950 14950 round number but in comparison to the clarity that you'd have got off the es that is nothing absolutely nothing in my opinion it's just a mess and it is a mess because as i keep saying in the december futures contract we've got this algo boundary above and below price yeah and it just makes a complete distortion of the colors on the heat map okay yeah switching back to this one for a second yeah i um at people's request i have put on the m stop an iceberg indicators i haven't got the filtered icons showing that means the individual icebergs and stops that are below the threshold will not appear so i'm trying to keep it as clean as possible for these webinars and i have put popped on market pulse one thing i don't want to get too distracted because we have such little time today before that news release one thing i did mention in the last webinar on market pulse was that know me is running a new visa of three new algos of market pulse so for example if i clicked on es here market pulse and you look through that there is a new one or new to me support and resistance i have not had an opportunity to read through the information describing exactly what it is so if i click on this now i cannot read describe to you what you're going to see so i have looked at it waiting for it to come up there we go right so now if we zoomed right out and you see how you can have red and green at the same time i just need some detailed explanation of what it's trying to show i haven't tried to reverse engineer what it's supposed to be showing to me and for the purposes of this webinar we will just go back to volume pressure imbalance because that is fairly obvious i.e the extremes of aggressive buy or sell delta pressure i.e market pressure okay and the idea there is is if you're looking for a long if you've had a lot of cells at market that could be part of a good trigger for you you know for example if you're playing back up towards this four three six zero resting liquidity and you you've got that combination of the stop and this volume pressure you know which obviously has some confluence and overlap with each other right um any other questions no no the questions so let's get on and i'll just check that we have got some people with us um yeah we had quite a large audience on youtube the other day but not as many today but that does not matter okay right so today we are talking about profiles and we're going to talk about profiles both on es and nq so i've dragged it into the screen sharing my sierra combined tpo's and v and vp's and we're going to start with es right um i'm going to be quite detailed as far as i can be detailed in such a short space of time okay um the key here or the key to to understanding the distinction between these profiles is the ones with a white background are rth and the ones with a slightly gray or light gray background are eth so it's rth first then eth rth then eth rth eth rth and today's eth right they are not um relative with to each other i can do that just to show you what would happen if that was the case so um at this point all the rth ones are relative to each other so if there's a really really fat rth one for example here this one just here or that one just there that means that volume there is fatter than any other volume in other words there was more volume traded at that zone or price level than on the other profiles which are narrower but i won't do that for um for this one we'll just go back to individual so we can actually look at the shape of the profiles and i may have to start drawing um right okay so let's let's dive straight into where we are which is today taking out yesterday's yesterday's high yesterday's rth high and also taking out the high of the rth station of not yesterday not the day before yesterday but two days before yesterday that one there and heading back to this um volume point of control which is also part of a two-day value okay so what i'm trying to demonstrate here and um there's one other thing which is key to understanding what i'm about to show you which is that i can split these profiles so by time so these become 30 minute bars so if i zoom out or sorry zoom in each one of these vertical bars is 30 minutes and there is a reason why i wanted to do that which is that when we are looking at each you know remember the rth is well and truly shut at this time um and these stocks aren't really open so the underlying stocks in the market aren't reopened um i'm more interested in the later action in the rth than the earlier action especially if a new value area has or a new value zone has been um established so if we start drawing now i think my pen is working today so bear with me okay let's drag you over yet so if i draw some value here and i really am only looking in shapes i don't care about specific peaks or not really um or i am looking in broad terms or broad brush brush of the general shape and also where there's a clear delineation between one value area and another so if i draw another one there okay and then i number those one and two right the one that i'm interested in is this one um this is the afternoon values uh um area and this is one is the more the morning area that's already been superseded um by the afternoon one for the purposes of most of these analyses it doesn't always apply in that way but it does more often than not and this is a probability game this is definitely not a hundred percent game and that's something i have to stress every single webinar i'm not here to predict the future i'm here to take uh probability based as decisions that give an overall positive expectancy on trades okay so what i'm saying is that um when we get to an eth session so you if you just ignore this for the time being just pretend it had not happened as we get into that let me just um collapse that back let's just collapse that back um we have to get rid of all of that so let us just draw again see okay as we came into the rth open um this was the the value area so it's effectively this area around about here which goes all the way across to um let me look across four three four five five down to about this area right and we also had settlement so i'll draw that one across as well of that and i'm and i'm pointing out settlement because of what i've been talking about on overnight drift for the last two webinars in other words there's an inventory balance and there is encouragement for that reason if not for any other reason for them to tag that at some stage during the eth session okay settlement is always t plus one on these on these profile charts so what i'm saying is that um there is a habit for them to continue to explore the latest value area or the value zone established on the rth session throughout the eth session until they until they finally break clear and start exploring and auctioning either above or below all right so um and to illustrate this point we're now going to go back in time so we'll let us ditch all of that go back to the cursor and we start ditching that so for example um yeah maybe i will just zoom down a bit so we can we can see roughly what i mean i'm not going to try and break up these profiles into afternoons and mornings i'm just going to try and illustrate this and then we'll quickly go and do the same thing on nq so for today we had the we had that one and for the previous day we really had that value down to there the previous day we had that one down to about there and this was where we had a two or three day balance so that this one's quite interesting so but again um that balance and this is the one where you'd probably have to break it down so even though that looks like that it's worth at this stage exploring the bars so you know breaking down see if there was an afternoon balance there but you'd get the general gist so in terms of setting a scenario or context when you first want to take a trade or to start analyzing price or auctioning in eth having some reference by way of the latest value established in rth can be useful and i might just get rid of all that again all right um and if we get rid of the evening sessions where you've got uh and yeah i mean you notice that i do not have a composite it doesn't really suit what i do it doesn't mean that i i i have any strong views either way as to whether they're useful or not they just aren't useful for what i do okay but when you get um a multi-period balance and i'll split that one up as well um i might split that profile there and then merge that one with the next profile and then take that block off and just establish a profile there um so that's that's kind of like how i look at um how i look at value which overlaps considerably over a couple of days and the other point um let's reset the whole thing uh and just yeah they're all undone already the the other thing that i like to look at as well and we can put on all the evening ones again is where you've got um a couple of highs uh where are they here here let me just use my line tool and just draw that one across where you've got essentially a double high within a couple of days or maybe two successive days in rth before an eth session um that gives them even more incentive to drive it over the top of that or above that because um the likelihood or is increased for them finding stops and and thereby exploring higher either fuel to go higher to continue to explore higher and you can see here they are forming value there and quickly it was at 10 minutes to go until that news let's have a quick look at i'm going to go back on the cursor excuse me um have a quick look at nq in the same way i'm going to have to shrink this vertically because otherwise you can't really see it so again if i did exactly the same thing in yesterday's you'd have to split i'll just do this with a mouse rather than getting my my pen out but you'd see the value there and then you'd see um this value there you'd see this value there and then you know you relate them to what happened next and then you've got this value here and you relate it to what happens next okay this isn't a specifically a bookmark thing but this is specifically related to eth and the tools that you might have at your disposal to better establish a frame of reference or a zone of reference in which the which price may auction so it's just showing you that both es and nq do auction really really well um and you know as long as you don't get fixated on individual price levels uh and say oh this must do this to the tick and you just look at this broad brush brush ranges um you know it might have some value to you okay um i'll just check to see if there's any questions or anybody wants me to go through any of that again yeah it's just something that it overlaps with something i said a few weeks ago as well i said let me just break this one up again so i can explain what i said um i think probably about three weeks ago in terms of of what um one of the things that i look at um in uh in relation to rth going into the eth the asian and the european sessions is the high and low of the afternoon session so especially if there's been a break of value so these these numbers here you know these levels here that high and that low so sometimes that will be the entire yesterday's high and yesterday's low here it wasn't because there was a complete break upwards um but i just want to put that in context with this and show you how those two pieces can go together it's basically that that high and that low uh is is establishing was a very close proxy for um the extreme of value in each direction before you go into this eth session and and that is the level at which they often explore to go who knows which direction they will go in first you cannot predict the future you have to accept what you see um on your screens is what the market wants to do right now but you know these can often be a reference and sometimes you know if they don't find value up above which they have done here you know that can often be a great zone to look for a rotation back to um the main part of value you know like a big trade back down to about there um okay let us get rid of all of that okay and let us have a quick look at yes i know um i've done that very very quickly i just want to make sure that we have established our context going into this major news release so i'm just having a look and i'm just going to zoom into both of them and i'm noting in nq that we do have a a magnet level now so if we we zoom right back i'm not talking about the round number which is a lovely large liquidity of 78 but i'm looking at the 51 liquidity at this area of the 98-ish area the 14988 level um so yeah that's something i would put into my notebook or whatever notes i maintain before we go into this release um you know because we have established value above yesterday's high and it looks like in a broad sense that we are continuing to auction higher i were continuing to find value higher and potentially rotate even higher and again the same in yes you've got banks of liquidity that have put a new one in here now at 71 72 and then you have that one at 75 76 and the one up above at 80 that's 4 3 8 0 oh it's a message from tom yeah tom has got those issues with discord um tom yeah if you are on youtube you can you know i'm hoping it's all working in youtube we've got 14 people on youtube at the moment so hopefully that's all working well um but yeah um what i'm trying to say is that that um you know those auctions yesterday's afternoon activity in rth the fact that we've got this 830 major release followed by the the release um 945 and 10 it's it's set them up to to drive upwards and explore up into these magnetic resting liquidity above to see um what will happen upon these economic releases okay yeah tom you're there cool so yeah um you know you actually tom missed my my biggest or my longest session yet on profiles um so yeah feel free to watch the recording there when i was trying to relate um you know how you use them as a frame of reference coming into eth um yeah if you don't use that kind of thing and you don't have statistics and remember i do and i can drag those ones across just to show people in case they've not seen it come on yeah um i do have statistics as well just especially on these rangers uh and it's putting all these various bits and bobs together to form a picture of where it might go and to give you really objective bases for probabilities and trades that you might take on them so i'm i'm never going to say that these statistics lead to a trigger or to a setup i'm just um stating that they provide objective data which help clarify the picture of where you might be so if we look into the data now as is asia and the second number for both of these is the average of the last 10 trading days so in this case um if we look at we've looked at the first con being es um you can see that in eth so far we've had 29 points so the number here's points not ticks uh um on average and we've already had 34 so we're above average for the eth session but that is no great surprise when you have a major economic release the rth numbers are yesterday's because we haven't got to rth yet and the sum is the sum total of of everything okay in other words we've got 34 over a potential of 50 including the about to be um rth um some of the other stuff is internals and relative volume which i've gone through quite a few times which changes throughout the day and we have um for for interest sake we have been above 100 percent relative volume all day in terms of the asian and european stations so they have been active and that was just one more piece of objective data signal type information that you know the trades could go somewhere today you know so you might not just be scalping for a tick or two here or there you might have decent swing ranges to trade from okay i'll just get rid of that okay so we've got four minutes we've just come into this liquidity zone so at the moment everything is looking um quite bullish obviously um yeah just again as i i do change this up and this is partly to get people to look at the fact that i've changed things on the screen um you know what i have in my book map for my own trading is very very similar to this but i may change or add certain things i did have more of the stop iceberg information i'm actually finding for this educational purpose and even for my own use it's actually a little bit clearer if you just you know less is more so the liquidity markers that i had on before which i've had on for months and months you know taking them off is is not a bad thing um you know a color can speak just as well as a number especially the book map colors right um one other thing i did for this one as well was i combined the numbers and sort of splitting them out for the volume profile combined them i you can still tell when something is an unfinished auction or a rollover here um if the if there is no double colors let me just zoom right in and drag it right down so if you choose not to split these out you know have uh buyers versus sellers and you have them both together um and you go right down to here if there is no red and green that means there were only red i.e sellers at the bottom which means that's a rollover a small amount traded by sellers at the low and not a price at which both buyers and sellers transacted so that is not an unfinished auction so all i'm really trying to say there is um yeah you don't need to have them split out you can just do it that way okay now my book map was just being a little bit slow on me there so i'm going to try and keep that with all the um the order book numbers in place the unavailable column just simply means i haven't drawn anything in sierra which is being pasted as a note into that column um okay right where are we we are i've got to look at the exact time eight twenty nine so we've got sixty seconds so we can i mean i've i've got the um the coloring quite intense in other words i've used a slider to go um to go uh to have the contrast on really really high and by having it on really high you can see them move or dilute these major resting liquidity levels prior to the release in fact since the price can go anywhere very very quickly on a major red flag release let us zoom right out so that we've got all of we've got them all now we've we've now got them all on the screen so we can just watch this and i don't actually need to talk through this um i will turn on my my financial juice feed so i can hear it i'm coming in but we are now down to five seconds and i'm not predicting anything but we did have that resting liquidity above three spot five percent three spot five percent as expected month over month zero spot four percent zero spot four percent low so the numbers came out as expected um if you were in on youtube you probably heard that on discord you wouldn't have heard it and on discord i think you can only hear my microphone but if you're on youtube you'd have heard those numbers live and thank you to my friends at financial juice for letting me do that so yeah interestingly we've got a good size iceberg there that's the first mega or major iceberg that we've had but they've blown straight through that and we're getting straight up to these magnetic liquidities so it's interesting there i mean i like seeing a lot of this iceberg information although i was quite happy when i took it off the other day but um yeah do i use it as an exact tick price level as a as a barrier that you know if they have an iceberg worth 1600 we'll immediately hold that wall and then we can take a short then no i don't do that um you know i've been watching that for quite some time since it was released and that is not an edge that i have from it i like the information i like the fact that that have ever many buyers were there 1600 um or in fact 2000 we've we've got the actual number there um and i like the delta being you know dwarfing everything else there that is the objective market generated data for me and you know if i was um if i was going to draw that line but it'll it'll move that's the only thing that the scales will move as price moves away you know what often does happen with that is that it will often go through it and then it will come back down it may be once or twice so you know it may go straight through then it may go up again and then that that that level that massive iceberg may become a line in the sand a little bit later but not quite when you think it is you know you'd think oh wow that 1600 that'll just be a line in the sand straight away but that's often not what happens so i just drew that blue line there just to see whether whether that line is now being respected or not you know it would quite surprise me if it was being respected because you've got all this liquidity though i thought they'd actually approach first when we did we got close we got to within about three points but that's not as close as i expected let me just get rid of that and we'll go to nq and have a look you do not know i must not be on my cursor because that was not working there we go seems to be a slight problem in epic pen sometimes you you think you're on the cursor but you're not something else that i said about this resting liquidity where it's above a round number so in this case it's at 15020 above a round number of 15 000 i see that quite often again nothing's 100 but more often than not as a bullish sign that we will get through the 15 000 and get close if not tag it so that to me is still bullish but anything can happen so we're just watching um and we're looking at let's have a look very quickly we just zoom out in terms of i'm just looking at the profile there i'm also looking at the profile i might have to just move those into another part of my screen because i can't actually because they're they're tabbed into this at the moment i can't actually see that profile develop but i can see it in bookmap so we've got that that line in the sand which is now in place and that's four three six five so yeah depending on where you you wanted to use that as supply you know maybe the first time it actually did have supply you know you might think about it but uh i'm still wary because you've got all this liquidity maybe it's one of those games where they want to wait until the rth before they go and play up there and maybe they'll they'll move down first and have a big big dip for liquidity but again we cannot predict the future you know what's of interest and again i'm focusing a lot on this live commentary for this session because because it's it is the major part of the three-way economic releases today that's probably the mainstay of it now a lot of what we've had in in eth i mean if you'd have done your homework and you developed your trading plan and you decided on how you would use that resting liquidity and the way those values were established in rth um yeah you you know there is potential that the liquidity really really could have helped today there is potential but again it's all about having a trading plan accepting that your process of following your trading plan is a better trader than you are uh you know it's it's quite humbling to have to admit that but that is the case for probably everybody you know um yeah you're responsible for writing your trading plan so you know your brains went into it your brains went into writing the process that goes hand in hand with that trading plan maybe set out in excruciating detail in that trading plan because i saw one a couple weeks ago that was 65 pages which is quite impressive covered just about every contingency that you can imagine so yeah that is where your brains are best spent in terms of detailed analysis to the second you're not going to beat yourself you know well a lot of this is observation you're just observing things which have some objective nature in fact in which you have researched and therefore developed your trading setups your triggers and your plans and processes for those plans on the back of but in terms of what you're actually seeing now you're you're not trying to actually make money you're trying to see whether um you know whether it's doing what your trading plan has set you up to take as trades and if it's not then you're not you know it's probably for the best that you don't take any trades you know in other words what i'm trying to say is your job here is not to make money it is you know it's a multiple role kind of job one of your jobs is to strictly follow the processes set out in your trading plan and by corollary that will over time if the if that trading plan has positive expectancy via the setups that you've got in the processes you've got that will make the money not you trying to make a quick dollar for example now like you know if you're going to scalp up towards this resting liquidity in the 70 71 72 mark you know if you were to do that i mean yeah there is a way of doing it if we zoom right in you've got a spring you've got this break down failure there you know do you have a trigger well you've got to have your trading plan setting out what your trigger is you know maybe part of the setup at this time the day might be resting liquidity which has been there for a very very long time it might take into account a very bullish environment the fact that we have been establishing value which is currently well above yesterday's high in other words we are exploring beyond yesterday's range so it is a bullish picture from that perspective on a multi month basis we are still in an intact uptrend you know we've basically had a fake one so yeah maybe this is a spring you know maybe you don't need too many triggers to take it yeah yeah maybe some of what you've done is a points measurement so you know if you look at the the highs of this one when it broke up here you know you we're up at 67 6750 and we pulled back down to 6050 so that was a seven point retracement so yeah so yeah and if you you look at that as the scene of the crime well we don't talk about that often because we don't get many major economic releases in this time slot but here is the scene of the crime you often get this lovely vertical kind of action you've got nice red vertical line to denote the MBO stops that were hit both up and down there but that provides you the scene of the crime so you can see that this pullback here we drag a line across maybe we'll just do a rectangle the scene of the crime is effectively here you know basically this this part here and this was a pullback to see in the crime so you know maybe you're a pullback trader and you take it back there and maybe this liquidity up above is helping you with your your major targets and remember that the market can always go much further than we we think you know since we cannot predict what it's going to do we do not know how far it can go you know some of our best days can be simple trails behind and just accepting that we don't know where it's going to go and that the final target is beyond a capability of recognizing where it might go let me just get rid of that so I'm still not on the cursor I'm going to set up a better shortcut so that I quickly get onto the cursor so this is quite a thick band of liquidity let's go across to NQ we've got this you know don't forget I can move this to a one minute chart as well so we can we can see the the candle I should have done that before the economic release and with some of these springs and I've said this before and I'll say it again you know I do not trade off a three-minute chart a lot of my best springs or you know what do I call them supply and demand categories seas breakout failures whatever are on a much shorter time frame you know you see that time frame on on this kind of chart maybe in rth this will be you have to zoom in even a lot more but some of these beautiful little springs you'd have you'd only be able to see on something like a five or a 10 second chart in rth so it's you know if it's one of those things where you're adamant that you only use a 15 minute chart you might never see some of these little triggers and what is this this is an exploration of price back to the scene of the crime not really finding anything so you know if we zoom in on this vertical column that you know they found 10 sellers at this low you know that is a rollover a single digit rollover is even better which shows a lack of interest but it is the kind of category C that we've defined you know this we have a swing low it goes below there is no great interest you know it's either that or a great big stop one of the both of those to fulfill some of the things that I'm looking for but a rollover can be very very nice and you have a clear liquidity target above and one of the things I do is I trade auction theory which is just another way of describing supply and demand and I like liquidity because it's a clear part of that you know without liquidity you do not get supply and demand or auction theory so that's why these things are so inextricably linked this is a thick band so you'd think ordinarily especially since they thickened it in terms of the fact they've wired it from the top to the bottom um that it would be hard for them to go through on one bash but you know this is ETH still and they can crunch through things faster than um I can imagine so let's just have a quick look at NQ so you've still got that 20 level there which is the one that really really interests me never ever expect price to get a straight line up there so you know it's what we've also said that you're looking for for this kind of area you know these big fat red areas to provide fuel your price goes down to go up so and I zoom in and out a lot because I'm looking for the fuel especially in NQ because it's so thin I need the fuel on in the structural formations that I'm looking for to get me towards the targets which can include liquidity targets and here it's above until things change and remember things can change all of a sudden somebody else can come along and price can change from an auctioning up to an auctioning down and we we have to accept that you know just because it looks lovely and bullish at this second does not mean that that is going to continue right I have been talking non-stop for about 20 minutes on that one so let me just double share there are no questions in the channel or above I'm also just checking that the YouTube stream is working okay it does look like it's working okay okay um what have we just we know what have we said about some of these big bands before in these webinars we said that the first touch is often not not the one that gets through so it'll often be a couple of touches sometimes two or three or even four touches before it starts to eat through the liquidity so do not be surprised if there is a turnaround just beforehand so here it turned around two ticks before the real liquidity above and again by real liquidity I've got to have some objective numbers so it can be yellow and orange but if that is not backed up by really large numbers which are relative to really small numbers in that order book then then it is not real resting liquidity in my eyes into in the sense that it is not MGI type resting liquidity market generates information which is objective in its nature so we've had the first touch the second touch and the third touch we're finally going to start eating into it and if we just for a second zoom right out on this one so we're just zooming right out just to see what is above so let me just get rid of the evening sessions for a second apart from today's and just see so we've got this area here which was heavily traded again so the next time I can see anything really when we get to about 76 77 yeah then we we are looking at yet another value area that it could get into you know with one of Tom's composites you know it would probably be clear to him but I just like having the order book which is what these horizontal bars are so the order book to me you know it it shows how how how how wide or how heavy the liquidity is at each of these really wide bars so you can see from a very large perspective all the way down to 4284 up to 4420 that's almost 150 points but not quite you know where the where the major liquidity is and price is attracted by liquidity and that applies especially or even more so in eth then rth rth the games are a little bit more complex a little bit nastier so if I'm talking about concepts like resting liquidity it's always or nearly always going to because nothing is it always it's going to be a little bit clearer or cleaner depending on which language you prefer in the eth session it's interesting looking at this volume pressure imbalance and I'll just double check that's what we're showing on the market pulse on nq yeah it's the volume pressure imbalance it's a completely different beast to the price change algo that was written so so when you get these green peaks they're just thrusts of buying pressure yeah whereas the ones in in the price change algo are really rsi kind of relative extremes of price so in other words you know you might get these at the end of a move but quite often you'll get them during a move so in other words you might not want to fade them so let's zoom right into here so you've got this little wedge here of sellers that are acting as a little bit of fuel at the moment but price does not seem to have ignition to want to go up and explore they're also trying to hold price in nq with this liquidity here of 110 so it's a holding pattern they want to keep it down here wide why might they want to keep it down here they might want to keep it down here so they trap some more so as you can see this growing here this the cell profile you know it's quite nice distribution and you know maybe they're going to take us all the way back down there quite often you know back it back when we had month upon month upon month of really high gains in nq every single day yeah you sometimes because price action was so bullish they had to have really really big liquidity breaks which is one way of describing this it's a it's a big dip down to get some people trapped i sellers trapped into believing it's going to go down further because those sellers are the fuel to take it back up and continue going upwards so what are we looking at in nq we're looking at this in nq because it's often easier to see so because it's a thin market and i really can't encapsulate in words pretty as simple as i'd like to some of these swing points in terms of cells and by delta are cleaner and clearer in nq swing points than they would be in es and remember that these markets do not operate on their own so you know there may be people that you know that want nq to go up or they're they're interested in their book their bullish nq they don't necessarily buy nq there are a lot of you know little growth ETFs that have similar stocks there's lots of options players around there's lots of individual stocks as well as those ETFs so there's lots of different ways for them to play it and es being a more hedged instrument or thicker instrument that's one of the reasons why those delta swing points are not not as clean so what i'm just saying is that you know some of these clear red tails on on the reversals before they go back up again are a lot cleaner and clearer to see in nq than they might be in es and that's one of the reasons why you know apart from the fact that you can get good reward or multiple r type reward on nq that's one of the reasons why you might you know be interested in trading in eth but you have to accept your stops if you don't is accept your stops and you're trading in nq you can get yourself into an awful lot of trouble because it's a far far better thing to be wrong early than to be wrong too late when your broker's terminated your account okay where are we 2049 11 minutes to go so we're back on this barrier that nq has it'd be interesting to see when they finally release that barrier whether that you interact with that barrier that's my shortcut working on you can see how slow the action is in es compared to nq and you can see as well that it's it looks like a very very gentle pullback there and if we zoom out you know there is a thinner band of liquidity here down to 4 360 but there's there's nothing yet like and the word that is very very important is yet there's nothing in comparison to the resting liquidity above so in other words it's a little bit more vicious in terms of the types of dips that you that we've been seeing so far in nq and what would not surprise me is if that the final dip before they do start tackling this liquidity above if they do do that if the final dip was quite vicious you know suddenly it really looked like it was going to keep going down because that is the best trick that they can play you know if you were in their shoes and you were trying to fool a bunch of people into selling or shorting this market you'd make you do your dandas your absolute best to make them think it was going to go down and that's what they do and that's what they're very very very good at yeah so the fact that this liquidity came in here is not resting liquidity in my eyes so it's hard to define exactly when liquidity becomes you know you can sort of deem it resting it may well get interacted with it may just be this artificial fake barrier that they have no intention of trading at but yeah when i'm talking about resting liquidity i'm normally talking about things that have been there for a few hours you know three four preferably eight or nine or ten hours and i'm also talking about in the context that they can suddenly remove it just in an absolute flash it can go completely why might it go you know well it may have been a fake game or secondly they may have got their fills you know if this liquidity suddenly disappeared here we can zoom back and just watch what's down the bottom here they may have had enough cell fuel in this little patch here it doesn't look like they have just yet for this to no longer be part of their game yeah that's that's one of the things that i'm half expecting that this has a nice push down and then this disappears and they flag they've advertised you know roughly around the same time maybe a little bit before you know i wouldn't be surprised if it wasn't the same algo or large institution that was at all three of these levels that's the 9980 level this level and this level you know they're effectively playing two levels at the moment and they try it does look like they're trying to push back down to that level before we have any further move up they're doing quite a good job in e s as well we're still well above yes stays high so there's nothing major in terms of this pullback it's still a pullback we haven't gone anywhere near yes is high we're still out of range you know one of those other facts that I occasionally bring up about major economic releases in this 8am to 9am slot is that the an extreme today whether it's the high or low of the day is often made within 15 minutes of the release of of that information so in other words you know what's within 15 minutes you've got a low here you've got a low here in es not sure if price traded quite down to that i think it must have done or i wouldn't have a gray line of 4 360 50 4,360.5 right there have been many occasions where that if it turned out to be a trend up day was the low for the entire rest of the sessions you know including the rth session that's just something you have to be aware of you know if there are good probabilities for this being a trend up day and you're not going to know that it's that it's a true trend day until the end of the rth session so nobody knows i don't know we're just talking about the future and we're not predicting it but we're just saying there is a statistic that quite often the extreme is made within 15 minutes of the scene of the time of the crime which the time of the crime was 8 30 you have a low there which was made seven minutes no no about six minutes after the the release that low there you know if we if we drew a line you know is that low going to remain intact to give us grounds for saying that it has the potential for an uptrend day we know we've got some resting liquidity above we know that they want to you know that they're sorry there is an attraction up there it's just a question of when will they get the fuel and you've also got this lovely iceberg here and you can see this so clearly in the delta column the width there that we marked earlier at the year four three six five that's also acting as the initial basis of support so now you could have said that you had real demand there on breaking that through that iceberg and you know maybe you could have taken that scalp and got a couple of points on along from the from the retest of that so you know if we drawn that line across let's just draw it from here so if we drew that one across from there you know that that you know you could say that was a pullback you could say that was a breakdown there doesn't look like they finished there does it and the fact that this has been they've gone through up and down several times means it's not it's not an immutable wall just go back to nq because I'm curious about the liquidity below in nq and once again I haven't got my cursor no we're not yeah the ES is actually leading the way down at the moment so yeah we're watching we're watching the liquidity here and the other thing we're watching is this delta column going down to that liquidity we're looking to see if there is enough fuel to drag us back up to there 15020 and that is my main purpose of that delta column in terms of seeing buyers at the start of a move or sellers at the start of the move I don't tend to look at that too much because I can see it in the dots you know we've kept now we did have an interaction there that's interesting let me get back on the cursor did we interact let's have a look at 128 there yeah it does look like they interacted there so they did trade there it will be interesting to see if we can get back down there spring that and then go higher or whether this on its own is enough fuel to take us up to there you know so far it's quite a shallow pullback so if that is enough fuel they did not seem to need much fuel and you can see it's still quite nice red tail apart from a little green bit in the middle that is interesting let me just get rid of that make sure I'm on the cursor so we can get back to ES and what are we doing this time we are zooming out looking at that liquidity again I'm saying that you know with my categories I mean maybe we can simplify categories A and B being that test of the supply demand zone so you just really have an A B a you know kind of a combo whether it's a deep test right back to a double bottom double top or you know or before and one and the category C which is slightly different which is the breakout failure where they're often targeting the stops of fuel so it's interesting that iceberg really is acting as that line in the sand to get us back up to this liquidity so this is the latest attempt at getting through it yeah so you know if you'd taken the spring there right at that line in the sand and you'd got in at 65 and it was possible maybe 65 25 you know that's four points you know virtually straight up without any retracement and you know we all have to be very very humble and when you get that when you get when it basically goes four points up in a straight line and you're long you have to be very grateful in my eyes you know because we cannot predict what the market is going to do we cannot force them to go up we can talk about all the factors suggesting that they may come back up and retag this liquidity but that does not mean they will do it we're into the last 30 seconds so establishing another iceberg yet this iceberg does interest me because if we have a you know a large green zone i lots and lots and lots of buyers you know taken up or absorbed through this liquidity that could be you know the basis for some fuel to go back down so if i've only had 10 i like the confluence and i said this the other day i like the confluence of these resting sell icebergs above price with resting liquidity above as well so for me provided you then get into a structure which aligns with your trade setups these are an initial target you know the level at which the iceberg is at or at least within one tick of it but it's not something you don't you know as soon as you see that you don't let it just go down two ticks and jump straight on you're still waiting for the trade plans that you've designed sorry the trade setups that you designed in your trading plan you're not chasing money and with that i think i've just about run out of time um yeah i'm hoping some of that profile stuff was was useful to people and um thank you very much for watching i shall end the stream and let my heavy cold voice have a rest thank you all for um coming