 Good morning traders. This is Bruce at the locks pro if you can hear me and see my screen. Can you just type? Yes in the questions? And we'll get started All right. Thanks guys excellent okay, so Welcome back to the bookmap professional trader webinar series today. We have for on font Remental and we've had them several times in the past for on highly respected trader He trades during the European session and he is located in Barcelona he's a veteran trader and Looks at the order book to enhance his Insights for entry and exit within his trading methodologies. So he's got some really interesting views I think that you're really gonna like it Before we get started here though, let me go over risk disclaimer Trading futures and options on futures involves Substantial risk of loss is not suitable for all investors past performance is not indicative of future results If you want more information on book map go to book map comm Become a member there and there's a lot of the free resources these all of these Webinars are recorded and I'll show you where those are in just a moment And if you have any questions, you can reach out to us at support at the locks pro comm This is where you will find the recorded webinars. It's you'll have to be a member here under the members area Okay, and once you're in here Then click on the education tab here Okay, and then click on Recorded webinars and live events And that'll pop up the playlist here. Okay. This is the one from yesterday We had futures trader 71 on Tuesday. You can click on the playlist in the upper left-hand corner And you'll have the drop-down available here of all the recorded webinars So you can see the ones from last week and then you can see the one from Monday when we had met a And then yesterday's with ft 71. Okay All right, if you want to give book map a try, this is where you can find it some of the pricing tab There's a fully featured free trial here is 14 days And this is the advanced version. Okay, so you get it with all the indicators and the capability to trade from the chart There's two different versions. There's a basic and advanced. Hey, you can see the price is 49 per month 99 per month for advanced. They are billed quarterly. So please note that and the difference between the two is primarily the add-ons that you see here and the ability to trade right from the book map chart, right so Anyway Enough on that Let's get back to to for on. He does have a a website It's called order book trading calm. I put it into the chat and I'll put it in again right now. You'll see it in the chat box in go-to webinar. Okay, there you go and Without further ado, let me just pass this right over to for on and we'll get started Hello, Bruce for afternoon. Good morning. How are you? It's been a long time now It has it has. Thank you. Oh, we're really happy to have you back I'm happy to thank you. Thank you So let's start. Good morning traders. It's a pleasure to be here today. I do really appreciate it So thanks a lot Bruce for inviting me and thank you everyone for attending the webinar. I Would like also to thank the people from book map just to let me use their software So let's start What we will be doing today is just after five minutes introduction of myself Then I will explain today just a couple of concepts Regarding the map which I use every day and I would like to share with you because I think They are really useful Then after that, I have prepared a just a short video clip where You can see me you can watch me trading and I record myself and we can discuss the entries and and so on So let's start with That's me First of all, let me introduce myself. I Am a discretionary Discretional price action trading Traders, excuse me using tools like order flow market profile and boom up a company Which I am not connected with When I say that I am a discretionary trader, I mean That I am not systematic That may sound strange to you, but I am not systematic in my entry I am not systematic in my stop loss and I am not systematic also in size in the targets and everything So as an independent trader, I'm sure there are many ways to profit from the market Unfortunately, not always easy to find out so The way I read the order book is just my way and at least it works for me my biggest secret is that I don't have any secret and Just like everyone else. I Just work hard to understand these tools To discover what works and what doesn't and today I'm gonna share my tactics and strategies So I'm convinced that you can do it In order to convince you how powerful the bookmark tool is and Challenge you to keep to keep on listening me Let me show you the balance group of my trading system, which I call it trading in the coast The name is an honor of the novel price that been what Mandel brought when he used fractals To measure the coast of England. So I I stole the name So my system I call it trading in the coast First of all my apologize for my arrogance I just wanted you to know that it is possible that you can get it So can I please draw your attention to listen to my message? By the way, this system is being used by other traders for instance, this is Let's say a social trading System so other traders are running the same systems and sharing it open in these Kind of social Social sharing trading. I don't know what's the exact name so Let me explain of course today We will concentrate in one of the case of six pieces of this system Because it's not the purpose of this webinar to explain the system. So We will concentrate in just one piece How I'm using boom map to set my entry and improve my trade location Anyway, despite I wanted to playing the whole system because I mentioned before This is not today Purpose let me explain a couple of concepts in order to be able to understand The video clip I want to share later with you So let me let me explain as a discretionary trader my system It's really really very simple. My motto is think big and trade a small Let's say my trading system has just two parts so in our left and When the market is close In the first part I have to understand what's going on Where the institution has a step in the market. I just need a map To know what is the context? I truly believe that price Moves freely inside a market a structure the structure is Really important to me. So let's say that I am a trader who is Using book map to enter in a special market structure, but I'm confirming that a structure with the volume With the volume footprint from the institutions So I just let's say that I just look for the institutional footprint Then later and when the market is already open Once I have my map what remains is easier. I know Where I mean where I mean the smart money come from and where they want to go In this a compare and once the market I was saying is open Then is when execution becomes a skill. Of course, I cannot teach you right now a Skill because it's just a skill But I feel that with book map and also reading the tape you can improve your trade location easily Let me mention right now and this may sound strange That I believe that the market Moves in a deterministic way Inside that market structure So I think I know what will the next movie in other words Price has a job to do Search for liquidity and here's where book maps becomes very useful This liquidity Is the key the key piece in my system this approach which I mentioned Some kind of deterministic next move. It's not the same like the cast classical approach in trading We used to say trading is a probabilistic probabilistic system or other Other traders think that a randomness trading approach so Being said that in order to be able to understand the video we are going to watch let me explain What is really new in my system? What is really new in my system is how I manage the risk? Probably the key success factor of the system We all know that leverage is the killer, but the use of fractal as a time frame When the not Mandelbrot mentioned fractal I mentioned time frame Will be for me the key to manage a non directional net position in the market Using the novel Mandelbrot works has allowed me not only to understand the complexity of the market But also use the randomness as my starting point to design a trading system Okay, this was just the introduction So let's start with the system okay, well Once I have mentioned a couple of ideas behind my system Which we will be using later in an example Let's talk now about two concepts regarding book map That I am using to place my entries day after day These two concepts are just quiet a few pieces of my whole trading system That will be across the galaxy of my big picture puzzle In fact, I must say that I am not using book map as a standalone system, but As the secret key to my paradise These two concepts are the collisions and the test So Let's say that trading is really really very simple So I keep trading simple And I think that's the key. I want to trade with the trend So I want to take loans But placing my entry in a pullback So I just want to know when will this pullback finish in other words where see will be for instance here Let's say I need to know where is he so I will be using Book map collision to let me know where is exactly that see We could be using many concepts here for instance We could be saying XA. This is how Brooks concepts XA equal BC or Maybe we could be using pH Maybe maybe see will be near there in the previous pH or Maybe in another case we could be using that trend line Or of that spike and channel I Really cannot tell you and the reason is because I really don't know Anyway, let's figure out what can we see in book map when price reach see that's it the collision and later Just before the markup. Let's see also the final test So the book map collision and The book map test are telling me where will this pullback finish and where I will be taking My my loan so let's go for it. Let's talk first about the collisions Okay Here we are We have the price it's been in an uptrend and Of course what I just want to know is where That see will be maybe will be there Maybe will be there Okay, let's see The first concept the first concept what I'm looking is Some kind of a zipper like a Chamaleon watching the price Watching the liquidity on a tree branch. So What I need in the uptrend is the price to stop and then go up Go down go up Some kind of a zipper some kind of a camaleon stop there and then the Chamaleon Suddenly what I need is a selloff. I Need a selloff a panic selloff What will this move make of course? Those traders looking for long There there and there for sure will panic and then close Which will be liquidity again will be a sell market order At the same time Maybe they will be doing revenge trading and will feel inside themselves that the praise is escaping again from them And maybe it's a temptation taking shorts So I will be looking for after the chamaleon on the branch tree for that parabolic move Toward the liquidity so Let's see the Chamaleon Chamaleon twirks watching the fly and Then the selloff panic moving towards liquidity So let's see what happens of course, we all know that That will be my K or entry point that will be my reaction point But will you ask me to run will you take long stare? Not for sure not or at least not yet What I want to study there is Just the price action the price behavior in that spot So what I'm looking for first of all is how? Few milliseconds or few seconds before the collision takes place. I want to see how institutions are Removing the liquidity. Let's see how there They are can selling thereby limit order of course The high frequency machine want to be the first in the queue For that reason they are placing orders below and above but I Know because of some services like call location They really don't know or at least that's my opinion. They really don't know the order book to place hundreds and hundreds of orders in just 15 milliseconds so What I will be watching is how they are Cancelling the order if we look that figure in the classical dome What we will see is a lot of liquidity there But because they are cancelling that by limit order Anyone looking at the dome will feel that the price is free to fall down because The the by limit order is being cancelled. So there's nothing there so after They remove the liquidity What I need to watch for is the collision and That's the key point So let's see how they have can sell the by limit order and suddenly the price is Been blocked there and the dots The game to grow up grow up grow up grow up grow up grow up At the same time is going nowhere nowhere nowhere. It's been blocked and Again the volume Which is that's the average volume is growing up growing up growing up growing up growing up So that that I mentioned that this is the collision Look how while The big dots are getting fat The volume is increasing as you can see I have placed my buy limit order In that place because I am not afraid of that move So what comes next? So Let's say that this is what I'm looking for That's exactly what I Know that the white cough at the richer white cough concept that's absorption and that's Responsive buyers there. That's exactly my K entry point for long so what comes next is just the price the markup and Let's see Liquidity there and the volume and and that's it Target was hit in this case and now Let's look at the second concept that move Were really a strong collision and the price escaped immediately but many many times To me one of the biggest concepts Which is not easy To see in the market is what I call the test In this case the yes Let's see how price is Taking over all the liquidity is eating liquidity but suddenly Price stopped you will ask me Ferran Do you know really if this liquidity will work or this liquidity will work or maybe there or maybe there? I really don't know But what I can see It's just that price It's just eating eating taking over taking over the liquidity and I can see how price Has stopped the yes and then a move another move and What is important to me? It's this. It's what I call the test They are knocking at the door. They are knocking at the door. They are knocking at the door This is like a wall of concrete and I want to see how they are just sitting there and Not removing at all that wall of liquidity and then after the liquidity They show how powerful they are then the price moves up so Let's see another example In this case is the the 6e the product which I mostly trade In this case is again the same concept I like to trade with the trend then XABC and look Stop Stop and go Then they are eating the liquidity price is coming down until a place where There is some kind of reaction But that is not enough. What do I need knock knock? Knocking at the door knock knock again And again believe me that few seconds after the price was there Let's see how they are sitting there 300 lots, maybe 10 times the volume that is being traded in that moment and We can see again many many things like a spoofing there and Some kind of backfilling, but to me the test is important Regarding experience and that's what we will be seeing in the video in few seconds Later I Know the behavior in the AS if When we are using the this concept in the ES Then the price they won't let the price pass through the liquidity and go my experience in the ES is That many many times They make that move Just extend the price few peaks below the level and go Which I will not be afraid of it. Why because the die is cast and I know that they are in So be prepared for the 6e to extend a little Deliquidity and this doesn't mean this doesn't mean that the concept don't work It's just that due to lack of liquidity Price can make some kind of a slippage Let's see another example again Price coming down Taking the liquidity taking the liquidity the move the panic move towards the right through liquidity In fact, let's say the problem with the order book is to distinguish between fake and real Liquidity So I can see there the same concept how price is reacting bought testing Testing and testing and then go That test I used to say that it's some kind more of a skork screw They were a wall of concrete Again the rock Again the rock market used to do something twice It is not able to do it then it will do the opposite Let's see again how volume at any time that the price Goes to that place Okay, so Let's go to To watch the video and let's see these all these concepts in real time Okay Okay, so let me prepare Okay, let me prepare everything I will close That Before watching at the video I Mentioned that I am just a discretionary trader. I Look for the big picture The this is the euro few days ago So let's talk about Market situation Let's talk what's happening there. So If as I mentioned before if I know what the smart money is doing Then I know what I must do in this case The price is just in a core some kind of correction Expansion and from December the first price is being in some kind of contraction level best Hi, and then We reach to a strong resistance and price Try to break it three times one Let's say To and again three. We all know that three is the magical number So let's say that buzz is too full. So we have just a quick I Will tell you that I normally buy First attempt to cross the creek despite I know that they are short already I used to buy I Used to buy fears attempt to cross the creek because I know that Will be difficult at the first attempt. So finally I can see how In this case there is a failure and what comes next Boom another lunch effect crossing across the creek. Let's say that there is the entry point That's the risk the one-to-one race to ratio comes to the place where We will be looking for a long right now So, let's see what's going there. All right. So let's go for it We all know where we are rise is not some kind of sell-off and Let's start with the video and let's see what's happening there I Must say that a really this new feature in bookmark the cumulative Delta is really something Very very useful. So we are completely in green in this case indicator is in blue. How I Cannot explain Why the price is been falling down? and the Cumulative Delta is going up So it's some kind of Delta Divergence, which I am really interested in some in in that specific hot spot As you can see I had Just about entry. I really don't know how I took along there It's just a falling knife. I want to catch in the air So let's forget about this. I am not going to to show you that but entry So let's concentrate in the in my best and please What I will be looking there. It's some kind of price behavior. I have some Avernotes here here we have I why would I will be looking for some kind of stopping volume then a climax where I want to watch for Volume the big dots there then will take us to the creek and then finally Some cork screw some test some lack of supply Finally to break jump across the creek and go with the trend This is just a cumulation distribution area and this is what I will be doing. So Let's come back to the video We are there. I will not be buying the climax. I need volume to come and then I Will take longs there. I will take longs just at the test of that cluster So let's come back to that to the clip Let's say that You can see I'm really interested in that big big big really big big volume This is absorption But Look really really there is something important there is there Look at this look at the test Look at the test there Just let's look how the price is really They are the line in the Sun. Let's say that's the line in the Sun. So I Will be taking longs there So I am just waiting Let's say that this is the stopping volume. I Just need the final climax then a Test of the creek and finally in that place. I will be taking longs but but very important. I took note of that Reaction test test. Let's let's see it again This test test test, okay They are extending just to make a new test of that low just to shake out a spring but I'm really pay attention to the level. So that is the K level my K level for today So, let's see. I must say that this is just a SIM account. It's just a SIM account It's not real money. It's because this was not the purpose. The purpose was not trading But I was recording this just for educational purposes So a new test. Let's see again very important. Let's see there really really Attention the collision that dots the blocking the back the back feeling the liquidity. That's the move Okay, let's take longs but not yet. Let's be patient because I'm wrong. I don't know Again, I think the the the possibility to draw in the chart. I think it's really really very important Let's see how I can draw From now on in the chart of boom up. So, okay The world of concrete is there. Let's see in the in bookmark how I can Watch up that big volume there the wall of concrete. I was mentioning there Okay, fantastic fantastic for our lungs So, let me stop right now again and let's see where we are now We are there We are there a stop in volume reaction to the creek the automatic reaction and then the final cell of I'm not afraid it because it the collision on my K level and then What we will be looking is for an entry there which I miss Then I think I miss that but let's take that entries. All right first Target will be there where I will be fading the trend because I show you before That fears attempt to cross the creek will fail So I will also take that short in the scalping for let's say 30 40 points Finally the price cross across the creek jump across the creek and that's the target the one to one raise reward ratio So that will be the final target for us. So let's see if we can do the best Now we will know where we are. I show the market structure just for you to notice That that that the big Delta I Normally for thousand one thousand two thousand three thousand. I need to take lungs there So for the moment just watching Watching was going there. Let's watch. Let's let's see what happens Let's watch the price Going up going up and again we are About in a very interesting level, maybe I should Take that long which I miss because I was not sure So I lost the opportunity to take lungs This is four times the realest bit of the market. It's because The lack of time So, okay, we lose the opportunity Nothing happens In in the next minutes for sure. We will have any one and again what I used to do is to make To work with the nanostructure That kind of walking a stick. That's a walking a stick in our K level It's really important to me. That will be my K and three point So let's see now. Let's see now the collision liquidity coming to our position So I'm long in the market. I'm taking three lots. So let's see what happens That's the line in the Sun The walking a stick and you see so there's nothing more we can do The test the test. Let's see. I hope you you had the opportunity to see Big wall of concrete and just wait. There's nothing more we can do That's wait wait wait wait And let's see what happens I'm not sure of myself So now maybe I look at the big picture Just to be sure what happens there because maybe the price will make another another test So for that reason we better look at at the big picture So The creek was there. So I hesitate of my entry But let me stop the price and look at the tape. I'm a tape reader Just let me show you in a minute what's there so The entry the key the answer the secret of my entry is Not there The answer is in your left The answer is there Let's see what's there in the tape Let's let's see look That's what we have Sell off and A candle with high big range, but instead look at the Delta An arrow high volume low range big range in the candle But instead we have a green delta divergence and what is the key level is there that print that clock That's my entry. So the reason for my entry long there is not here, but there So let's see How it unfolds Unfortunately, so fierce target will be at the downtrend line. So let's see Maybe they make another test. I really don't know but I can see some kind of bad feeling Moving the order there moving the order there. So Unless the price will break through my nano structure, I will be So I can accept some test of this liquidity. I don't know you can see that What I will do is to what to my lungs to what to my lungs because look at the price behavior there The liquidity again. So let's take another long. Why because this is protecting us This is the line in the sun Unfortunately, I lost I lost. No, let's see There it is. I have to my position and now again, there's nothing more I can do They test again the test Look how they decide to test once twice test test test and go I place the final target there because that's the stopping volume the automatic reaction The test and that's the final target the creek because I really cannot tell you if they will cross the creek So let's see the price how it unfolds Look what I'm doing. I'm just doing And just Notice that this is just Accumulation distribution on that long entry. So that's the entry. That's the risk and that's the one-to-one risk-reward ratio So let's see that's the target Let's see Normally I Used to place that order and you will see me how I move up and down Because I used to use boom up also to know exactly Where I need to place one tick below the liquidity. That's it. That's it Look, they are stopping again world of concrete. I need to close it immediately Oh, I move look I will I move down my my my target, but I was not hit We know market tries to do things twice. So for sure I will have another opportunity So look how I move down my target as soon as I saw the wall of concrete how they were sitting there again A climatic volume over the wall of concrete. So let's hope otherwise I will close at the market Oh, unfortunately, I was not able to close But let's see let's see let's see again. I'm looking at the big picture and notice again the cumulative delta How price is moving up but the delta is the delta was there is going down So probably a correction is is soon will come So testing the creek we need we need to close everything and go to the next trade So let me pass the video so I'm flat right now Terran, why did you close the trade? Maybe this will move 1000 points up This doesn't bother me at all. That was my entry. That was my target I use bull map to move up and down my my my my targets Because bull map is helping me a lot there and I follow my trading plan So I'm happy with myself despite the fact price can give us thousands and thousands of points So let's go to the next trade I'm short there. Let's see again. Okay So I sell first attempt to cross the creek I think we are lack of time but See again the see again the reversing position I will stop Just you to notice the uptrend Yes, we could not cross the downtrend line Price made the zipper the chameleon on the tree and suddenly what did the price do Look at the fly But let remember how this is the K entry point So again volume wall of concrete and our key level we notice at the beginning of the session I would like you to notice how again the delta is increasing And there's nothing more much more to say So they are respecting our level and that's all Look at the tape look at the tape in that hot spot that line in the sun That's the first entry and that's the second entry I just want you to notice a big effort people hitting on the beat But little reward and again where Book map show us that by limit orders That's let's say those are responsive buyers And suddenly we get initiative buyers and go Again few minutes later we get the same Some kind of congestion but I can see they are long already And in this case there is no absorption but lack of supply Exhaustion and a nice delta again and go So this is all for today here we have our entries And let's now go to the so I close again my target First entry target hit second entry target hit So that was the right place probably now they will jump across the creek But my trading plan was to take that liquidity That I can see in book map to close my orders so I'm happy with myself And that's all so this is all for today I just would like you to know if you have any questions And maybe we could open the microphone Bruce if you wish And just you can take control and just the attendees to make their questions Yeah sure no great great stuff for on thank you very much I mean I really like the way that you're integrating the Looking at that bigger picture you know what you're looking for And then you're looking for the confirmation in the book And the book is showing it right there in front of you And that is the key for your entries, your exits and your trade management there So let me see You're right Bruce because if book map tells you exactly where you need to place Your buy limit order then you not only improve your trade location But at the same time improve your risk reward ratio For that reason I agree with you what you are saying right now Yeah I mean it's just it's so good to see it when it's there It confirms your methodology and anyway Let me get to some of the questions here they're starting to come in now And the first question a while back was about your internet connection You're in Barcelona so there was interest in what kind of connection you have for speeds for hitting the CME In fact I have a 60 gigabytes connection But the brokerage firm is giving me special conditions So I just have 30 milliseconds So in fact I'm here located in Barcelona But the brokerage firm is just giving a really very fast speed let's say 30 milliseconds So I'm happy with that So yes I know I'm far away from the market But I'm trading from a server So what I have shown before my equity curve So this is from the broker and in this case there is from a server I am hitting there but the order goes directly in just 30 milliseconds to the market Let's say that 50 in the worst case scenario Okay that's a pretty fast internet connection So let's see here Can we use book map for analysis market profile and the tech levels? I mean that's exactly how you are using book map You're looking at your candlestick chart and then you're looking at your footprint chart as well But you look to the book to understand the auction and the liquidity You are right You are right again this trader I'm using book map to look at the profile Because let's have a look at the screen right now price came to that position But most of the volume was there Let's say that when the price come to our K level few volume was traded there So I'm always always always looking at book map profile where I can see where the traders are really taken So this let's say that this is just volatility It's just a random walk a price discovery So in this case book map is really useful just to see the profile So as I mentioned before I do a map which is the profile in our entry for today That was our K entry and we have a reaction point A walking stick and then volume So I have a map with market structure plus the profile plus the footprint chart This map is telling me exactly the place where I want to belong And then I must confirm with book map So yes I'm using the profile of book map in this way Okay let's see here And then you explained the wall of concrete and looking at very thick levels of liquidity But how do you determine between fake liquidity that is pulled or that wall of concrete that remains there Yes it's just price behavior I want to see the price falling with panic against that liquidity The stronger you hit the wall then the far away will go against the wall And I want to see they sitting there placing the liquidity and not removing it When there is fake liquidity few seconds before price reach there that liquidity will be immediately removed In our case I want to see them sitting there and just waiting They have time and they use time against us so they sit there and just wait Hit the cork screw the wall of concrete and not removing it That's it Okay let's see here good question about the FX markets here Just a minute here let me digest this question Okay no it's more a question about spot market versus currency futures But yeah the spot market do you I guess follow the spot FX as well and take trades based off of the currency futures Right that's what I do I use Google map to know where to entry and you can see this is brokerage time But then I hit my entries in the spot for X market for that reason sometimes price there and price there is not the same So this is my local time which is not the same that brokerage time So my finger is in the spot for X market But I just look at the CME market because I get the volume there Bruce you know that liquidity and volume you get from the for X market is not through volume So we better don't look at it so yes I look at the CME but place my order in the in the for X market Okay okay no that's a nice combination since it allows you to trade the spot market and have access to liquidity and volume analysis You are right because if we mentioned before that the key is the low leverage being market neutral in the market In this case the for X market allow you to scale in and scale out your positions and always manage the risk So it's a good I think it's a good idea Okay you just answered a question that just came in as well about why not trade the futures but the scaling and being able to enter and exit many times Right at the same time regarding the Mandelbrot system trading the cost I work with two legs The leg long and the leg short So if you know in futures market in case I open the short leg that will force me to close the long leg In a case where I want to trade the lower fractal let's say a lower time frame The futures market wouldn't allow me to be short and long at the same time because that would close my entry And this is possible in the for X market of course you can have two accounts one for the longs another for the short But I think it's more easier to do the way I do Okay let's see there's some some questions Let's see Yes so the answer for the trading the He looks to the currency futures but is placing his orders Within the spot market is the answer there And let's see other question Some questions about your your education your your website And recommended readings like Wycoff type of methodologies And I've inputted your website URL but are there other videos and examples people can find there Yes if you subscribe to the channel many many times I trade in real time I open I share my screens so I you can see how I trade and then I from time to time I send it for free Many many videos so explaining the entries and explaining the concepts Unfortunately maybe there are not many many books on Benoit Mandelbrot You can go to their works or maybe regarding how to really read the big picture and understand how price moves But just subscribing that there is many many material there And from time to time I share not only entries but for instance those are my private notes There are many many slides like this and two followers then I send many many material for free Okay just visit the page and just do just make like in my video channel And that I would be happy just if you do that Okay I think that answers a few of the questions there about your website And any recommendations for your Mandelbrot material for researching that methodology Maybe the best would be to look at my YouTube channel that methodology Maybe we cannot have many many information there The concept is trade as small be a discretionary trader Manage the risk and you can read for instance some books regarding these concepts For instance we are watching in Lyons Country from Dier du Tois where he talks about randomness You can read the books from Random Walk in Wall Street You can read the books Black Swan You can read all the works from the brokerage firm Oanda from his owner Richard Olson Especially the document How to Trade You can read of course James Dalton's book But if you want to know how to manage all these concepts Maybe those are good book just to have some ideas But I can remember that I did some videos where I explain it the system Or maybe just subscribe for next time I will explain Bruce it's nothing amazing What I do is simple I'm trading naked this discretionary trader Try to understand what's going on So it's me the price and my mouse and just think I trade as small I'm always market neutral And then use boom up to place the exact entry If things go wrong then I manage to stop in a special way which would take us too much time for this afternoon I see I see okay okay that's great no I think thank you very much for on Let's wrap it up and if you have any other questions for Fran You can reach out to him at his orderbooktrading.com website I put it in the chat there for you and see I think that about wraps it up So thank you Bruce again for inviting me it's been a pleasure being here You know that I always learn by sharing knowledge with other traders So I'm it's been a pleasure this afternoon this morning being here with you Yeah thank you very much for on we'll we'll have the recording up in about maybe an hour hour and a half And and people can review the webinar from bookmap.com in the in the members area under the education tab there So yeah thanks again for on thank you thank you have a nice day okay bye everybody bye bye bye