 Good morning traders. Welcome to the Traders Lab. I'm your host, Tom B. Thanks for stopping by today to the lab. We have a lot to discuss today, a lot of activity and rotations. I'm not going to spend much time other than to let you know. Thanks for visiting the Trader Lab. This stream is about integrating book map or flow tools with auction market theory laid on top of the chassis of the volume profile. The stream is based on participant behavior, how the market works, why it does what it does and how, at times might get in alignment with it. In addition, the Trader Lab is a community of traders with the goal of creating a business in trading. The trading business is quite different than what most of us think it is. It is not a prediction business, it is very much a gaming business. Gaming meaning a statistically based business. And if you think of gaming, always the comparison is casinos. And a casino only plays games that have a statistical or vetted edge. That means they play the game exactly the same way. They don't make it up. They don't get emotionally attached to the outcome. They just play the games. They play the games exactly the same way. The reason is that they can only extract the dollars from the gamblers by being consistent. The gamblers on the other side are not. And they're constantly tweaking and changing their game and their play in order to gain an edge. The reality is that gamblers do walk out with cash just like traders who have no edge, have winning trades. However, over time it is the consistent process that has a statistical edge just like the casinos operate that extracts the dollars from the gamblers. So if we can accept that we are in a random environment where we don't have control over the other participants, then it's a matter really of only interacting with the participants or the gamblers depending how you determine that and trading with these edges and developing a understanding that the gamblers do win. And like the casinos, when the gamblers walk out with cash, how do they see it? Cost of production and overhead. That is the business of trading. Now you may want it to be something else and I understand completely. However, the business of trading is very much statistics and that's what the Trader Lab is built on. And the Trader Lab is a community of like-minded traders who've come together and you're all welcome to visit Trader Lab, take advantage of the no cost education and a lot of additional education and support. Let's take care of business. General disclosure, all book map limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice or recommendations. Risk disclosure, trading futures, equities and digital currencies involves substantial risk of losses and not suitable for all investors. Past performance not necessarily addictive of future results. Please remember this is not a trade calling room unless we get into real time and then we'll observe potential behavior and these are never trade recommendations. You have to vet these ideas for yourself. This is the RTH Open. Now you guys know we've had wild volatility in here because of the geopolitical situations. You are aware of that. I'm not going to go into it. Needless to say, the market did the Alcapocco cliff dive in a big way overnight and now we're back inside. We were tested inside of yesterday's range and now we're outside of it again. In the trader lab, we have something called structured trade and the idea of a structured trade is to operate as a template. So you have something to create conditional processes. Remember this structure trades are really ideas that you can reverse engineer. There's not one way to do this. There's not necessarily a right way to do it. But if you want to build out the business of trading, it starts with a template, a template of understanding market mechanics. How does the market work? What is this that we're trying to do? What are the mechanics of it? Why does it even exist? Why does the market go up and down and rotate? Well, if you want to get an equation other than gaming, the other equation in this is shopping. Because the market is shopping or the participants are shopping to try to identify what's too high, what is too low and what's a fair price. And this process takes place in something that I call fractals, not time. The market is not operating on the clock other than certain elements like the open the close, EU close, things of this nature, you know, lunchtime when the volume gets thinner, the book thins out, the market has less resistance to movement because there's less passive orders. And we'll talk about these things. The stream time I have is very limited. So I'm gonna try to just cover as much as I can. And if it doesn't make sense, guys, you're all invited to TraderLab. There's a link in the bottom of YouTube. Also, I look at your questions, but I cannot look at them while I am streaming. So that because they get covered up by my other charts. Currently, we are on the short side as you guys know if you're in TraderLab. And if you're in TraderLab, I in real time, I do narrate the behaviors. But I do not call traits. The whole point of TraderLab is to educate traders. And of course, there's no cost. So let's look at the first idea here. So this is the RTH open. Here's yesterday's close. Can you guys confirm that yesterday's naked volume point of control was around 40 ish here? Is that correct? TraderLab? TraderLab? Can I get a confirmation on this? You have 50? This must be a stale one, I guess. Is that correct guys? This 40 is a stale naked VPock? Is that right? Yeah. Okay, thanks. Thank you. Okay. Sorry, guys. This is my streaming setup here. It's not my trading rig, as we say. Okay, sorry. RTH open. So what do we anticipate here? There's a couple of things. Let's take a look. Yesterday's low potential target. This is retail from yesterday. In other words, what's retail think shopping highest volume from yesterday's RTH. Yesterday's low. We're opening here. So what are the possibilities? Take a yesterday's low or come over here and check high volume. What why is high volume important? Now this is called auction market theory and let's go back to our shopping. High volume is where most of the transactions take place. So think of it like retail in the store and a tune is a dollar. If tuna goes on sale, 75 cents. And it's $1 here. And then it goes up to $1.50. What will happen is the market will tend to rotate $1.50. I'm not paying that $1 high volume. And then 75 cents that's on sale. But the sellers don't keep it down there. And then the price will come back to retail. This is shopping, right? Well, the market operates the same way. But it does it in real time in all different locations. Because what's going to happen is in let's say this location, they'll be shopping. And if the price is not priced right, the participants or the shoppers are going to leave this location and maybe move to a different one and then do the same thing. This is we see these behaviors as a consolidation. So let's move forward. Okay. So this was retail from yesterday. So maybe I'm just going to say maybe it's on sale here. And we might check this. Or that is too high. I'm giving you the or is because we don't know if that's too high. And now we're going to reject that we may come down first to find too low before we come back. I hope you like all the possibilities. And there's more. He said, really, there's more. Yeah, there's more. This is the ETH high. It has a high probability of getting tested during the RTA session. So we have yesterday's low, high probability, we have ETH high. And we happen to know the ETH low is out is across the continent, someplace else. So the odds of taking the ETH low while possible are not probable. So what is that set up? Yesterday's low, this and this. So let's start. One second, please. By the way, how we do it in YouTube, are you guys following? Okay, let's go. So 830 central RTH open yellow line is called the developing volume point of control. This is the heat map shows us resting liquidity, the passive side in the order book. These are Delta. You can see it over here. And this all starts. So you know, this is showing the volume starting at RTH open, this is showing the same thing, except it will only show what's on the visible on the chart. And this resets also at RTH open. So this volume is what's right here. This Delta is everything that's currently on the screen. So if I pull in the ETH, you'll see there's more Delta, but not more of this. Oh, here we go. Market opens. There's my buyers. That's nice. Watch the Delta. Delta is a representation of aggressor. You guys know it's also in an imperfect pool, because it also includes stops that become market order. So in theory, a buy stop is an aggressor, right? As far as Delta is concerned. So if we're going to look at Delta, we want to think of it as an indication of behavior. What happened here? Buyer here. Seller. If there was buyers here, they got absorbed. This creates your downside rotation. This yellow line is called developing volume point of control it resets at zero. I take time here because this lays out the whole basis of how you might read the market. I don't use indicators so, you know, so if volume is retail, then as this moves down, it's suggesting price and volume are moving together. So let's watch price and volume. What does it say here? Maybe that's too high. The retail price liquidity comes into the book. That has a tendency. Think of it like a hand pushing down to create potentially a downside rotation and you know, liquidities like a banana peel, they pull and so it's not something you can actually base a decision on, in my opinion, but you can base it on the behavior. So what let's talk about what's going on here. Too high. There's the test. This is micro structured. You would learn about this in the trader lab. And I'm not recommending anything. I'm just sharing with you processes that are auction based. Because I have no indicator to tell me, oh, where do I, if I'm going to get short, where do I want to get short here or here? Not down there. And why? Yesterday's low. So let's say so this is a short. Now here's the other part. And I always put this I always talk about this in trader lab. This is the opening swing high. What's here stops. If I get my sellers. And who knows to where this is part of the joy. And I come back across. Now it sets this up. So I already know, based on trader lab processes that I'm going to be getting short to who knows where, because I can't predict, remember random. And then if I get a buyer here, then I know these sellers, this delta is going to be trapped. And they become the fuel to take us up here. So that's what I know starting out. So let's watch. So take a short, get a scale. And this is not recommendations just watch the behavior. So price check, too high. Price check. There's a test. Break. Too high. I need to clear these buyers now. So now so let's watch. I take these guys out. I have my sellers here. These guys, and there's a buy iceberg, they get stuck. We come back. What do we do? We test. Remember, too high. Too high. Too high. So watch the rotations. So too high. Too high. Too high rotation. Too high. These are structured trades in the trade lab. These are all shorts. Too high. Seller. Come back and check. Too high. Don't forget. Too high. Too high. V pock migration. No buyers. Mid V WAP. Short. Short. These are all trader lab. Okay. Where are we going? Who knows? Anybody know? I don't know. Do you know? Maybe let me know if you know. Watch. Now what? Hang it out. Have it a good time thinking. Yeah, feed up on the desk. Huh. But let's look. Let's look. So look at the behavior. Buyers trapped. They're absorbed. How do I know? They didn't go anywhere. Buyers. No bueno. V pock. High volume node. I'm not paying that. Are you sure? Yeah. See you later. Buyers. They try. These guys are trapped. This is order flow. This volume is a cap. Too high. I come down. I see my buyers again. Of course, I'm sitting here going, are these guys going to push the shorts out? Right? This is resistance. There's my seller. Uh-oh. Are they going to get squeezed or are they taking over? What do they do? These buyers and these buyers now. It's a fight. It's always a shootout. Bang. Buyers try again. So let's look at our buyers. Trapped here. Unless, of course, they push the sellers out. Sellers. Buyers here. No bueno. New retail price. I'm not paying that down here. We're not getting above here. Where's the buyers? Sellers. Now what? Do the buyers come in? Do they get absorbed? Iceberg absorbs here. We come under here. Continuation. Lovely. Have a great time. Now let me show you where it changes. Is everybody tracking? Is this too much minutia or is this useful? Help me with that. How are we doing in YouTube guys? Just want to make sure you're getting something out of this. If it's too micro, let me know. I can get to the broader strokes. So you guys know what I'm trying to do here. I trade with statistics. So this is my target, right? So you know it was either up or down. I know and you're going to go, wow, you could have figured out that without talking to me. But you know what? I know what it might do. I don't know what it will do. I cannot predict anything. I'm not in the prediction business. I'm in the alignment business. But I know what can happen. I don't know what will happen. So once I get a sense of direction, and these are structured trades that you are available to everyone at no cost in the bookmap discord trade lab chat, you take these and then you reverse engineer them. And the thing in trading is you got to accept that you know you don't know it's a write this down. It's a random environment. Most of us come into this business looking for certainty and looking for a red light green light process. And that's where indicators kind of, you know, get become part of the mix. But the trading is not an indicator business. It is really understanding how the market works. Once you can do this without indicators, or at least learn market mechanics, you can then align indicators with it. But now the market's going down. Where does your indicator tell you that something might change? Let's look right here. So selling, selling, selling. I see buying here. Okay. I see a buyer. I see a buyer right here. I see a selling iceberg. It's looking okay to me. I see a rotation. Now what do I have? I have buyers here. No, I don't know. Right? You think I know? I'm clueless. Now I see the rotation. Where was my last sellers up here in this volume? Let me take you to microstructure. You might find this interesting. So all of this is microstructure. In other words, buyer didn't get any love. Seller volume, break low. Watch. This is micro volume. Right there. I'm in a fractal now. Going into the, I wouldn't call it the scalpateria, but I'm with a scalpel. I'm getting down the mic. I can go further down, but let's just keep it here. Buyer fails. So I got my seller. I've got my volume. I got my buyer delta. No bueno. There's my volume. No buyers above. When I, there are buyers and sellers in all of this, by the way, when I mean buyer, I mean a motivated buyer. Seller, this volume now might be underlined right here. Too high. Break low microstructure. The base of the volume is there. Test. No buyer. Break low. Seller. Volume. Not absorbed. Well, it is absorbed, but where's my buyer? Nada. Don't know. Managing the trade. If it's part of your process, break low. Trailing stop. Down we fall. Feeling good, Lewis. Buying iceberg here. That's nice to know. Five sell stops going off. That's not a lot of selling. We know there's stops under here, which is the target. Let's watch. Buyers selling iceberg. Watch. The volume now is here. So I've got a buyer. I've got volume. I get my break high and I get my buyer. And it's like warning Will Robinson moment. Why? There's my volume. Let's go back up here. There's my volume. Too high. Break, break, break south, south, south. What's the opposite behavior? Here's my volume. And what else is this? Let me take you back to the basic concept. Hold on. I just want to isolate this so you could kind of see it. I'm not paying that. Yeah, but it's on sale. Now you got to be kidding me. Retail. Leave the store. I'm out of here. Move to a different area. See how it works? Now we're consolidating. Same process. Here's retails. Is this too low or is it too high? Oh, it's on sale. I'm not paying that. Yeah, but it's a great deal down here. You got to be kidding. Oh, change. Buyer. Is he stuck? Is this guy stuck? Let's check the volume. Let's be sure about this. There's no sure. I mean to say it's shoppers. You know how it is. You go shopping. Where's my volume? Here. Where's my buyer? Here. Buyer above it. Warning. Pull back and test. There's my seller. And here's the, as they say, the coup de gras. High volume absorption. There's the absorption detector. So I get my buyers. They get stuck. I get my seller. We're looking for the continuation. If we don't clear this volume and we see the absorption, these guys potentially are going to get abused long. So for me, short deteriora. They're in the headlights moment. I see absorption. I see here these sellers got nailed. We pull back and check. There's nothing below here. There's the buyers. There's no sellers. The buyers are here. The buyers are here. See you later. Long to where? To there. And there's more. Now before I go on and I appreciate your patience with this, but I want to be sure you can see how an auction works and how structured trades and the ability to use an order flow tool combined. I call this the tip of the spear. Can maybe help you develop an edge and become consistent because let's remember this. The market is not consistent. And what was my target? You're going to find this interesting. So what I do and it's not a recommendation is, you know, I just so it was a short to here, covered it, got long and then I'm going here and where else would I go? There's a couple targets, but let me show them to you. And by the way, if you don't, if you think I don't take stops, please, I take more than most probably. Where's my next target? Here. Why? You're going to say how? Well, it could be anything. You know, this is called mean reversion. This is the nature of this. So we go directional early. Then we run out of, you know, and we failed to get under here, which who knows, right? Remember, you don't know. It's a target, but here's where I see the change. So I reverse, cover my short. I'm coming back to this. The context has gone from directional down, even though it is down, to mean reversion. And that is to take these guys out, write this down. The market goes up to go down. The market goes down to go up. If the first trade is down and these sellers are now on the hook is the term, we don't get this and we know their sell stop is going to be under here, but you know what? Everybody else knows it too. Write this down. Think like a retail trader. Don't act like one. As soon as I see the opposing force, I am out of the short. Now, I risk, of course, that it might just come back to mid and then continue down. And I'm not going to go into how I personally operate. I want you to see the broad stroke because I might be someone who gets out here and puts it right back on again. I mean, that's not what most should do. What most traders ought to be doing is going for the broad stroke because this is what teaches you discipline and an understanding of market mechanics in a fractal that you're comfortable with. I always like to refer to my friend Rod who's in the trader lab. He puts a trade on and he goes to lunch. Or I think he really takes a nap. He just wants us to think he's going to the gym, but his timeframe is different than mine. And this is what's so neat about trader lab is there's not a right way. What is the right way? If you understand how the market works, you're going to find, I call it your groove. You know, like what aligns with you psychologically? For me, you know, I can be short here, short here, short here, cover here, get long, get short. It doesn't matter. Other traders are just going to put one trade on and use a trailing stop or trade management process. I'm very active. I don't recommend it for anybody. I've been trading going on for, it is 44 years now. So I think I have a little different perspective on this. But so this is a target here. So now watch. So I'm out of the trade. Okay, the long, but what do I have? Let's go back. This and this for targets. So I'm out. What do I do now? You're saying, let's see. Now this is a stop sweep and these sellers got absorbed. So right here, I want to see the behavior. I'm also at a location and I also have this as a target. So I need to get long somewhere, right? So right here, I get VPAC migration. This is the opposite behavior of what this was all about, right? Where are these short, short shorts? So right here, I get this. I get my migration. It pulls back. I take a long here. Watch. Absorption here. I did not get scaled. I got taken out, okay? I took, that was my first stop. Well, that's not quite. Let me, I take other stops, but they're different because I'm in a different time frame. But in the structured trade, this is a stop for me, okay? So what do I know? Let's come back to what I know. So I'm going for this and look what we did. We got it. So for me, and I had absorption here. So this, now, let me just see where it was. Yeah, I got taken out of this and this was target, but I got, I just didn't trade it well. I'm just telling you, I didn't do such a good job at this thing, you know? Because that's the obstacle. And then this is the next target. So I just, I looked at that and, you know what, I make errors, you know? So I got taken out of the trade. Just terrible. Really annoyed. So what do I know? These buyers got absorbed, there it is, at the liquidity, at the target. So I took that stop and I, you know, have some choice words for the guy who's operating the mouse over here. But I know here was too low. So I'm looking now at this location and I'm looking, I'm just looking now for location. This is what I know was too low. So I know, and let me take you into something else. Now there's multi pieces to this and you don't have to be doing, and I don't recommend anybody does what I do at all. If this is a consolidation now, and let's look at it too low, too high, and how does this show up in a profile? Too high, too low, outside edge, down here. Okay? So right now the volume, we've left this distribution behind and this is an outside edge. So the market can come down, I mean it can do anything, right? So I'm looking at this and I'm saying, well I want to get long because I don't think the overnight low is on the horizon. I mean maybe it is, but I want to get long for my overnight stat. This, so this is my target. So I'm looking at this, I'm saying, well that's a decent trade and I got liquids in the book. This, so I have a confluence here. So I'm looking for the long. Let's look. Coming outside, this high volume, remember we rejected it was too low. Let's just see what goes on here. Absorption was here, that high volume, let's come back to it, was here, here, what's the test, and then here. So we're looking at this. So, oh now what? I forgot all about it. He was. I don't want to confuse you guys. I ended up taking a short. I forgot all about it. Now these, there's a couple ways you can play this. If this is too high, then you can sell this. So I took a long, took a stop. I put the short on because this is too high and these buyers could not take it back above. They were absorbed. There's my seller. So I took another short and I'm going back for this. So you know. I figured, here's why. Sell stops, sell stops. Looking to take those these guys out. So I'm still back on this. Why? Because I got that. Now I still have this. So what I'm doing is I'm trading because of what happened here. That sets up the short. So I took a stop, you know, and I didn't trade it well. But once I recognized these guys trapped, that I was looking for a rotation for other trapped buyers, which is here. So there's my selling. There's my check of these trapped buyers, microstructure under the VPOC short, scaled, going to take this, going for this overnight volume point of control. Why? This was retail from yesterday, high volume. I'm not paying that. This is retail from ETH and it's under yesterday's low. So I know there's stops here because they've been defending it, right? Let's put the logic together. And I know if I get under here, I'm going for this. That's all I know. So that's why the short messed up the long. So I get a scale. I'm looking for it to break. And what do I get? I get the buyers right here. Come back up. I see the sellers. Watch. The buyers are here. The buyers are here. The buyers are here. And I'm thinking, well, thinking is suspecting that they're going to get taken out. Pull back to the variable high volume node. Right there. Let's see what happens. So buyers, sellers in here, buyers trapped here, can we get above this? So here's what happens. Cover. And this is not in your game. Then it's not your thing. Once we fail this, then I'm looking at, okay, these guys now might be on the hook. And then I'm turning the barge around and I'm coming back for this and for that. So what I ended up doing was getting long. Now I'm not saying you guys should do this. Probably shouldn't be talking about this. Go in there. And I posted this in the trailer. Then you ask, now what? Let's look. Overnight high. That's a statistical target. You can see I'm going for targets, but I'm also getting spun around because I'm trying to get in alignment. I was going for this with a target of that. Nothing wrong with that. So the short, the long, the long here, slapped, the short, scaled, exit, the long, back to here. Now, this is a short watch. And there's a specific name for this behavior, by the way, this rotational train. It's called mean reversion. So let's go, hold on a second here. Hold on. I got all this racket going off here. I got a, I see the markets going down. Oh, what a surprise. One moment. I'm just trying to get stuff squared away here, guys, on my trading thing because there's, I can see nothing because everything just scrolled off the screen. One moment. And I got to get your chats back. Do you have any questions, by the way? Are you getting some out of this? Because this might be too much. You know, this, what I'm showing you is extremely active. And I don't recommend it. So let's look here. Now we're going to look at BookMap and we're going to look at auction market. So what is this? ETH high. Statistically, high probability. Target. Exit. You know, okay. So here's my buyer. Let's look at how BookMap helps us now. And now an auction market theory helps us in statistics. Remember, this is gaming theory. This is not indicators. I have no indicators. So what, what am I doing? I'm just reading, you know, the, I'm following the yellow brick road. I think that's one. I always kind of call it that. So market comes up to target. Flat. And now I also know it could go to, you know, it could go wherever it wants to go. I have nothing to do with that. I just trade to statistics because I'm not smart enough to do much else. I just follow and I don't care because there's so many trades that's set up subject to the fractal you operate in. It just doesn't matter. So let's look right here. Look at the buyers. 317 stops. We have a stop sweep and we have absorption. All this is absorption. These buyers are being absorbed by the sell side. So that's important. So right here I'm looking at this and I'm saying right here is a potential short. Now I don't know, you know, I'd love to tell you, you know, that somehow there's some clairvoyance here, but no, no good. So I have the buyers. I see them absorbed. So let's look at this. The liquidity was waiting for these guys. And we point, I pointed that out quite a while ago, right? Who knows, right? We're all, it's all a mystery. Here's a buyer absorption. So what I have here is sellers took on these buyers. I get buyers again and there's another seller in here. It's icebergs, icebergs. Watch. So, and I'm going, when I'm looking at this, I might, you know, it's kind of like I'm in that, maybe, you know, because that's all it is. So what do I get here? Volume, delta, because the buyers are here, micro high volume structure and absorption. So who absorbs? The passive side absorbs the aggressor. Who are the aggressors? Buyers, right? And buy stops are aggressors. See? And then I'm up here and where's my stops? I got nothing going on here. It's like, where's my buyers? Where's my stops? These guys are now the longs up here, whoever they are. Got to clear this to go higher. So I'm going to go to micro structure. Buyers here do not clear these guys. Micro high volume. This is a trigger. Let's look at it. There's lack of buying. I get buyers here. Do they continue? No. Micro high volume structure. Test, test, break, sell trigger, trader lab, structured trade. Short. And you say, really? Yeah. And where are we trying to go? Back here. Mean reversion. So this is called mean reversion. It is outside in trading. Now, and I got my target. And again, I don't know. So I get my target. If this is too high and I can see the absorption and I can see the buyers got trapped up here. I get a trader lab trigger at a structured location. This is called structured trading. Bookmap identifies and aligns with the location and the liquidity. You can see all the pieces. Micro high volume, trigger, test. It's a short here or a short here. Stop is here. Subject two. Then you're coming back for this or wherever or here. You know, to scale because the stops are going to be under here and then you hold. Let's watch. So you can see the target. You can see the bounce. Where does it come? You ask. That's too high. Now for me, well it doesn't matter what I do. Right here you see the buyers get up. Let's look at this. Here I'm seeing the sellers. Right here I see the buyers. The buyers are absorbed by the selling iceberg. What I want to see is this. Right? These guys, these buyers down here get stuffed. What happens? They absorb this seller. This is how I interpret this. So there's a buyer and a seller. Right? If the seller absorbs these guys, we're going to go down. If the buyers absorb this seller and then we move above it, we're going higher. So that for me is a trade management opportunity if it's part of my plan. See. So now what? Remember this. So too high, too low. This is the mean. We bounce off it. And remember we got stops at the low of the day. If I don't come back above this, then what's hoping? Potentially the low of the day. Yesterday's low. So let's look. So right here you can see the buyers take over. You've got the buyers, you know, these guys out here are, you know, under the bus. So the sellers in this leg now get squeezed. The market is rotational, you know, and it's a function of time frame. So I get my buyers here. Look where we come back. Let's just see. Can you see it? Where did we come back? And where is it? Out here. Outside edge. I'm not paying that. And we know this was too high. What is this set up? You ask. Now, what do we see? Let's look. Buyers sell iceberg. Now you got the same thing here. Buyers sell iceberg. Same thing. Buyers, sellers, these guys are trapped. Now I'm not suggesting anybody do this. This is a potential short here. I think I I think I took this and I didn't get scaled. And as soon as these guys got stuck and I saw the buyers, I bailed out of it. I'm just telling you. Comes up here. I get the same structure. I'm not recommending anybody trade like this. It's just something I do. I get this. I see another iceberg. Same behavior. Buyers are here. There's my seller. Here's my volume. No buyers. There's my seller. Let's watch. Let's just see what it does. So this is where my buyers are. So I'm trying to remember what. What I do and this is something that you might at some point deal with. Now I'm trading in a very tight fractals. It's not necessary. You could be short from here and you're just hanging out and you take this and you sit short because you know this is all something you develop in the trader web. I'm not suggesting anybody do what I do. I think it's very hard for developing traders to do that. I know it is. So right here I see the selling and remember where my structure is. It's this over here. So just look at it. So right here buyers get trapped. Buyers are over here. Trapped. Trapped. Seller. So this sets up a short. Very two-sided trade. And where am I going again? Overnight volume point of control. I'm sorry yesterday's low and this was the target. Remember that was the target. Out. So that's just a sequence. I don't know if I should keep going with this. Maybe I can get into. And by the way V epoch migration. What is this setup? A short off of here. I'm just going to give you the broad stroke. Now and then potentially lower. Once you come back under here it sets up potentially lower. What did it do? Where are we? I don't even know where we are. So this. So if you for example if you take this. These are short. So short. Short. Buyers got stopped here. There's the absorption. There's the liquidity. Sets up a short. They are trapped. There's the test. There's absorption here. Subject to how you trade. You could right here and you see the buyers. You could be out of it. Comes back here. You see the buyers. It could be another short. What's your time frame? Not recommending it. I'm just sharing. Where are we? So you could be operating like from here back to here. Sell it again. To here. Hold it or exit here. You know whatever you decide. And you could be looking at where the trapped participants are and manage your trades from the trap. So if this is the trap. These guys are under the bus. These buyers. You see these buyers. They go. Then we have this. So your stop could be above here. Or when you get the absorption and the rotation you could exit it. Then you're looking at this and this and this. These guys. They bought and they are getting no love. These guys sold. They got absorbed. That's not where I want to sell. I get my buyers. They these guys are still stuck. I test. If I can't get above them. It's another short. If it's in your plan. And you're you know. And this is another statistic. Forgot all about it. The overnight mid. And there's statistics involved here that have high probability. And you have to vet them and pass performance not indicative. Notice what we have right here. Sellers. Stop sweep. Absorption. This is a reason to consider being out of the trade. Subject to how you manage the trade. And it's not a recommendation. Why. We could come under here. Of course too. So let's think about this. This is a target. So the way I operate. And it's not a recommendation as if I get short here. I can be. Rollin. Or I can just be trailing above the structures. Where am I going here. And then the trade would be over right here. I'd be out of this trade. It's not a recommendation. The market could go to zero. Right. This. Right here. Is a reason for me to be. Shall we say observant or flat. And in this trade for me. I'm just talking about one way to operate. Not the right way. It's all individual. I'm flat. I'm the short. Now we're current. Hope you're getting something out of this. How we doing in YouTube. By the way guys in YouTube if you find this interesting. And I don't suggest you. This is the. What I am showing you here is fractal trading. And the thing about it is. The short at the overnight high. You could just be hanging in there. If your time frame. Is higher. So you would be short from here and you would be going to there. Or in between for scaling and risk management down to here. Or yesterday's low. To there. To there. I don't think I've got much more in here. I don't know if we're going here. That would be an amazing thing. Statistically it's not high probability. This is sitting in the book. And this is a important level volume wise. This is possible. Not a recommendation. For me. I'd be out of the short. Because it doesn't matter. I'm not here to try to get the high and the low. I'm just here to trade. So if I come under here. Then these buyers are really having a problem. So how do you deal with this. Well I go to targets okay. Not a recommendation. But what else do I know. Let's talk about what I know. Which is not a lot but it's something. I know. I had no buyers here. I know these guys got stuff. I know this buyer here problem. I know this is was absorbed. I see my buyers here. I know the last place my buyers were active that they failed was here. So I have this. And don't forget my target. So I got my buyers. Last buyers are here. Let's see. They got stuffed. So I'm either out or I'm managing my trade here. I see the volume here. Let's look at the volume. It's there. See if you don't see something familiar. And what happens now. The buyers try again. They are on the hook here. Right here. So the sellers are still in control. What do I know. There was passive buying here. I need to get under here. If I can't. Now these guys. If they we don't get going. They are absorbed. So this is like your moment of truth on this. On the behavior. So right here. Was absorption. Here's how I think of this. Again. Not a recommendation. If this was absorbed. Do these buyers who are passive buyers. They're passive. Do they still like it at this price. Or do the sellers. Take them off. Take them out. Right here. The buyers here. May show up here. And if they do. This. These guys are trapped. These guys are trapped. These guys are trapped. This delta. Is trapped. So right here. Is very important. Because we can either. Continue down. I know you're going to go. Wow. I really needed to. Be in the stream to hear this. But this is telling you. That right here. Is this fight. Between the buyers and the sellers. And the passive side. Go back here. Think about this. Absorbed here. Stop sweep. And absorption. Absorption. Is this absorption. Now it either breaks lower. Squeezes out these guys. So let's see. That's how I read the market. I don't know what it'll do. So let's not try to let's try to try to predict anything. What I know is what I see. And I'm interpreting it. And I know that if I come above this volume here. That the sellers. Are going to get squeezed potentially. If I don't then we're going to continue lower. That's all I know. And the dividing line is the volume. So let's watch it. Questions while we're waiting for this thing to resolve. How we doing. YouTube. Is this useful for you. By the way remember if you're in YouTube there's a link in the bottom. If you scroll down and that is your door to the bookmap discord trader lab. And there's no cost for you to be part of the trader lab community. It is a community of traders looking to build the business create careers in the business of trading. And this is not a plug and play. Spends three months and now I'll have a trading business. You got to get realistic about this. And be willing to go to university. And put the time. So let's watch what's going on here. This seller was absorbed. That's buying. So we have the following. This seller potentially was absorbed. This seller got absorbed. Actually let's see. Selling iceberg. Buying icebergs. So this is your fight. This is kind of like your no man's land you know. They're getting absorbed. Let's see. The way this absorption works is if the sellers overwhelm the buyer we continue. Five let's see what we got here. If these guys absorb these sellers and they can't get below it then we're going to squeeze those sellers out. We don't know what's going to happen. You know that's part of the joy. Because it's always random. Remember how the casinos operate. They don't know. They don't know how we're going to know. Write that down. The outcome of anything in this is random. This was a key area you see. Now I can't tell you what's going to happen. It's not my job. I do know this is important. This is important. See we had our buyers trying in here. More absorption down here. I can't pick the low. See I am no good. So I don't do it. Why? I don't know anybody who can. Unless they get lucky and luck's okay. But you can't take luck to the bank on a consistent basis. I'm watching the behavior here. Remember this is also an area because we got this is a strike. Look at that. So they got absorbed. Running out of sellers. Here's my buyer. Now we have to see because we have our sellers above here. All my stuff is off the screen here again. One second guys. Buyers are you know they're trying. Now the thing is if we see buyers it might only be a rotation. It's not like oh the low of anything. That's all you I know. When I look at this I can see buyers. I can see sellers. I can anticipate behavior. If I have alignment with something like this then I anticipate behavior at it. Like this. So I anticipate right here that we might this might be it. And it's not. Now we come back here. Here's those buyers I was talking about. Where do we come back? We're not getting above this volume. That's resistance now. These buyers caught so far. So this is rotational traded. So this is support. This is resistance. Buyers stuck here. Sellers stuck down here and the buyers came in here. So we got to see what happens here. So if it's going to go higher the buyers have to kind of get on the horse. If not they are trapped here and then we can break and maybe here. So you can actually look at the delta sellers. The buyers trapped sellers. This is your buyer trapped. Sellers down here. You can get below here. You go there. If you can't get this out then you can get your buyers and then we can squeeze. So you're I'm always thinking of it from both sides. I trade from both sides because I got to think in multi dimensions. I cannot be limited to just going oh it's going down. It's going down. I want to see what the participants say. The market is made up of participants. Not what I think. What do they matter what I think. Means nothing. Who matters here. They do. Because these are the shoppers. And if this becomes too low even in a short term basis we can rotate. Now what was too high. Here. Where's my stops. Up here. So and where's my buyer stuck. Here. If I can't get above here then I go down. If I can and these guys are stuck. If I get below here south. If I can't get below here and I get above here. Then all these guys can have a problem. At least on a short term basis. So this is like a sandbox. And what do we see here. Buyers trapped. Microstructure against the buyers. Break low. Come back and check. You see I'm just showing you microstructure. What else do I know. Absorption. Absorption. Fire. And what else do I know. Buy stops. Buy stops. Buy stops. Buy stops. That's what I know. What else. I don't know. So I don't know. I do know what creates this. I do know possibilities and I know if I don't get under here at this time then the squeeze. That's what I know. Will it do it. I don't know. Will it only come up here. I don't know. See. So what do you do with this. Well this is an outside edge. Right now it looks like it's too high. Where did my buyers fail. Up here. Right here. So what I know is possibly that if I stay under here I can go down. But I would tell you what I would be doing here. I'd be out of it here. And I would just be watching. Or scalping. And that's not what you should be doing. It's what I would do. Because I read it very well. So I can execute. And if you're in this kind of thing. You cannot. It's just not a place for someone. The better the trades I do in TraderLab that I share are really much more larger range oriented. Because that's what we need is developing traders is bigger ranges. Because we can't execute well. You know. Everything is slow motion when you're developing. Because it's not unconscious. Competence. First of all we all start out incompetent. Trust me on that. Then over time we attempt to develop conscious competence. That's where you'll go well if it does. You know you're thinking it. Then it's like driving your car. Remember. Let me see. I put it in park. I put the brake on. What do I do here? You know. To start this thing. Just my mirror. Then you get in the car. You're not even thinking about that. That's unconscious competence. Too high. Buyers. What happened to these guys? Stuck. What do we got here? Micro structure short. And I'm not suggesting anybody do this. I'm just sharing a structure. So you could see it. It's all the same. And this is called fractals. So this move here. Just to give you a sense of this. This. This is only a couple of points. Well it's fine. You can scale. You know. I'll give you my scales around two and a half points. That's all. Because my stops are under two points or around two points. And I'm not saying you should do that. I can have my stops that type because I don't wait for my stop to get hit. I can read. If I'm short here. And I see behavior change. I'll get out of the trade. And then I'll just put it back out again. Like when I see this. Foam. Test. These guys are trapped short term. That's a short. It fits. But you gotta operate with the range. You see. Where am I looking to go. Maybe. Here. So. Now I'm not saying anybody should do it. I'm just saying is. Take this idea. And extrapolate it. To a 10 15 20 point rotation. It is the same. And I post these in trader lab. Not. And I don't call trades. Because it's like me talking about this here probably doesn't do you any good. But. If you can learn to read this. Then when it's in alignment. With a location. Then you know. Something about it. And now you can look at it. And go OK. I'm underneath the overnight mid. And these buyers are failing. So far. And this could change in any moment. Right last time up here. With the volume. Where I had my seller. Against this. Where I had my seller. Was too high. Too high. I get. Right here. These guys get trapped. It's a short. If it's in your plan. And what am I leaning against. Here. Here. And these guys. The buyers. Who are stuck. Right. So. That's a short. If it's in your plan. You would be scaled. Then you'd be watching for the counter rotation. Who hit the push the eject button. And you'd be managing your trade. Now why did I say it might go up and take the stops out. Because that's what I was reading. Until I got to a location. And I'd be looking left. To see what. Happened. Here. Trapped. Trapped. Trapped. Test. Trapped. Short. Stop. Scale. Helmet. I hope you got something out of that. And guys. I really want to stress. I'm not suggesting anybody trade like this. I'm really showing you. How you can use order flow. And how you can interpret it. And then align it. With auction mechanics. In the words. Auction market theory. What are these guys saying. Let's look at language. Remember I'm not using an indicator. How do I do this. I read it. Ever tried learning a foreign language or to play a musical instrument. Do you know what it takes to do that. That's what this is. I speak market. I'm not waiting for some line to cross over. Where's it going to cross over. Is it going to be telling me to get long here. Should I be getting long here. Do I have divergence. Really. You know what I'm saying. Let me put my moving average over this. Chop chop chop chop. Well. What about this. Does my moving average finally after it whipsaws me in here. Finally get me short. Here. I want to be short. Here. I want to be risk neutral. Here. And then I'm managing my trade. And if the trade. Right here I get absorption. And my buyers are in here. And it comes back. I'll just take out the runner. And then I'll just be sitting here now have scalp. Two and a half points. Not much. But you know what. It allows me to get the bigger swing when it presents. So this trade they got absorbed. These sellers are stuck. There's my buyers. And they're taking over. So the trade would be over. That's as complex as this is. It's only a few points. But it pays over time. If you have an edge in not saying see the only way you can do anything in this business is to know kind of your groove. What is the rotation that you're going to trade. Unfortunately for me I trade high volume. Not because I want to. I really don't. But the market dictates what I do. So if I take this you know short. And I get risk neutral. And I get my buyers. I can punch out of the trade. Or if I'm in comatose. My stop stays here. And I get taken out. And I maybe scratch the trade. I mean I don't. But I'm saying is you know. That's the worst that would happen. Or full stop. You know. And for me. I manage my trades very aggressively. So I would not be sitting in this. Soon as I see the opposite force come in. And these guys are now stuck. I'm out. Hope you're getting something out of this. And and again this might not be useful for you guys. I am not advocating that you do this. At all. I'm advocating that. TraderLab encompasses all of these processes. So what I'm all I'm doing here guys. Is I'm sharing how to read book map. To understand structure. To understand that this is a shopping experience. And what does this tell us. Too low. Do I know where the lower day is. Nope. So that's why I don't worry about it. Not my job. What do I trade to. Statistics. And I can sell this. You know. I have no problem trading this. No problem. I also can trade this. I have no problem with that. It just doesn't matter. Now in the trader lab though. Odds are. You would not be doing this. Subject to your trade plan and trader lab. You would have been on all these shorts. And then right here. You would be done. Or let me give you the or. Or you have a trade management process. And you just be trailing. Behind high volume. So. High volume. High volume. You're behind here. You're behind here. Drop. You'd be out here. If you're in trader lab subject to how you manage your trade. I. You know. There's many different ways to do this. Me. I'm done here. Right. See what I mean. Then. The short. To here. Done here. Possible long. Remember what I was talking about the stops that we're sitting here. Here. Here. And here. Right. This is that trade. So. If you understand auction market theory but more. Market mechanics. And write this down. If you haven't heard of this. The market goes up to go down. And the market goes down to go up. Why. It rotates because. There's shorts in here. And there's buy stops above these swings. So if I got long here. And I can tell you in my style of trading. And I remember I was going for this. As soon as I see the change. Then I'm thinking. Okay. Where's the stops. Because that's fuel. It's above these swings. So my trade is into these stops. So the long. Would be going. Into this. And it's not necessarily part of trader lab. It's what I do. Can you see the rationale behind it. How we doing in YouTube. By the way guys. If you find this useful. Give me a little encouragement. How about a thumb up. And I want to remind everybody that these streams are available exclusively for review. And this one will be available throughout the weekend. For trader lab participants. The community. And this is for screenshots. Notations. Learning. The job of learning the trade is not here. It is outside. It is the time and the hours that you spend reviewing trades. I recommend everybody. Get OBS software. Record yourself. While you are trading. Even if you're just trying to figure it out. And even if you're not trading. Going. What's going on here. Yes. What is this mean. Think about learning. To read a language. By the way. Why would I. This trade be over now. You ask. Because where is my fuel. The swings. So this is a long. Into the fuel. And then the trade would be over. Right here. Right there. You know. Wherever. I'm not trading it. Because I can't trade and talk. I can't walk and chew gum either. But this is into the paper. Or the stops. We used to. On the floor we call it paper. You know. Where's the paper. So. And look where we came. Outside. Edge. This is auction based. So what this is. Is if this is your retail price. Which means. We can come back. Here. This is like your store. Where they go. They raise the price. And we run out of buyers. This is your two dollar can of tuna. Somebody might buy it because they need it for the tuna casserole. But most of the buyers. Might not pay this. So the volume dries up. This is how. Volume profile works. And if we run out of buyers. I'm not paying that. You got to be crazy. I'm going back to the supermarket. Where the high volume is. And potentially. And that's all this is. Is come back here. And what is this called. It's called. Mean reversion. In fractals. So if this is retail. In a consolidation. And that's based on high volume. In other words. Where most of the transactions. Here. Well. If I get too high. Wherever that is. And I don't know. Except order flows telling me it was here. At the moment. And I get short. Then my objective. Is this. And it's that. Actually it's not because of that. It's. Because of that. Let's see if it does it. This is a specific context. Is what it's called in trader lab. It's outside in trading. So. Outside. Take the stops out. Clear out the sellers. If I run out of. Buyers. Then what. Then possibly. And that's all you got. At this outside edge. Is. Back. Here. And then. No way to know. Out here. So. If I put this trade on. I have to get risk neutrals. And then. These guys I don't want it above here. Okay. That's the trade. And if it goes above here then. That's that. Trades over. That's just the real world guys. So we get our buyers above here. These sellers are stuck. Buyers are now in control at the moment. We can. We have to see how far outside we come now. But. That's trade. It's really a good trading day I'll tell you. I mean there's a lot of range and volatility. And if you know how to work in this. It really provides a lot of opportunity. And of course risk. Okay. We have absorption here. Into this liquidity. Let's just watch it. We got a buying iceberg here. Who's absorbing. What we want to see here is do we get buyers above here. Or once this is. Filled and he's just sitting here. And you could see the sellers. And he's executing. Let's watch and here's the absorption. We have alignment. We want to see what happens here. Not a trade recommendation because this might just give a little head and then keep going. Let me see if I have any structure. This is the mean in the daily timeframe. So this might end up going here. But we'll watch this right here. That's a big buyer. This is how the stop an iceberg detector can help you. He's just hanging out there saying come on. Sell them to me. And then we want to see what happens here. Now we all know this is sitting here. By the way remember there is a link in the bottom of YouTube. There's 60 PDFs you can download of these structured trades. Not all of them. But the kind of the broad stroke that I share with developing traders in the trader lab. Also a library of webinars that you can watch on this process. Many different types of configurations. Trending markets. Rotational markets and transitions inside of those markets. So like this market is let's just say it was going down. Well inside of it there's rotation. So you could actually trade inside on top of itself. Market will rotate on top of itself. So there's a lot of ways that this guy canceled these here. So you could see I was observing this but nothing to do. So where's our potential target now? Here. Or out here. So there's going to be stops here. And we're outside of yesterday's range. So potentially this is a potential this area is an area to observe potential short. Not a recommendation. We could also this is the mid and the VWAP. So we have to be very cautious up in here. And there can be you could be trading subject to your plan. This is a structured trade would be up in this area. Not a recommendation. It could also come anywhere. So up in here. So this could be a potential short setting up here. I'm not calling trades. I'm just saying might be. Let me take a look at this. Can you see it? If you can read it you can dance with it. So this is a potential short right here. But it's a short term trade. You see it? Right there. Let's look at it. Again not trade recommendations and not even trade or lab specific. I'm trading fractals and microstructure. Let me well actually I'm talking about I'm not able to trade it here where I'm talking to you. Let's look right here. See this? This is a microstructure. This is an auction. So right in this volume you got your buyers. They got stuck. You got sellers. There's your rotation. Right here you'd be scaled and then you could be out of this trade here or you're managing it. But this is kind of scalpy you know. But there's enough points in there maybe. You guys have any questions? And by the way if you're in YouTube please give a thumb up. This kind of encourages book map to keep this stream available and the trader lab. They need to know that it provides some value. So you can see the short. Now these are not trader lab structure trades. What it is is this is fractal trading. When you see the high volume in this structure it's an auction. It's a consolidation. If it's mispriced and these buyers are trapped up here I'm going to get this potentially. That's all I'm looking for. It's not trader lab. It is fractal. This high volume which is being rejected at the moment is the same as that high volume except this is for the entire day and this is so this is the same as that except this is the big gohuna. Think about like going to Walmart or some big box store. You know huge warehouse type store. This is a store also except it's down the street. It's a convenience store. I'm not paying that. We leave it. Now we may still come back here which is probable but I can't predict it. So instead when I get my rotation and I see my buyer and these guys now are on the hook I could be out of this trade. You see that's more scalpy but look at the range. You could be putting all day. We have a trader in the trader lab named Patrick. He likes golf so this is the putter. So I'm just putting around. I hope you're getting something out of this. Let me show you what these trades look like and please don't forget to give a thumb up if you got something out of this and remember if you're in trader lab you guys are going to have this stream to reverse engineer and screenshot and just take a look at what you know and this is what these look like. Circles, arrows, explanations. I'm not a vendor. There's no cost for this. There's no trading course you know. By the way that's only a rotation. This is the mean and in a microstructure that's the mean because this kind of makes sense about fractals that that and that are the same. This is micro. This is more macro if you will. Higher time frame. Does that make some sense guys? I just hope it makes sense. If it doesn't come to trader lab and you know it's a community of like-minded traders looking to leverage their collective experience and it's all about you not about me and not about what I do. We have all different kinds of traders all different ranges of experience from newer developing traders and then old dogs and I guess I'm one of those. So and it's not the amount of time you've been trading. It's what you have learned and what you have learned and here's kind of a catch 22 that I think affects all of us. In a gaming environment gamblers walk out with winnings. That's why they keep coming back to the table. Buyer. Buyer's trapped. Micro high volume structure. Buyer. Let's see what happens. The gamblers think it's just tuning tweaking their play. That's why they come back because they walk out with winnings. The house as the casino based which is a gaming environment sees those losses as overhead and costs of production. All businesses have expenses right. So if you think treat this like a business then you're going to have a different viewpoint. The viewpoint is not predicting what's going to happen. It's actually the opposite. It's accepting that you don't know what's going to happen because the casinos don't know what comes out of the deck or how to gamblers play the cards. We are in the same business. Wouldn't that change your objective and if you could change your objective would it be from tweaking a process that might be defective which means being able to predict what the market will do to changing that perspective to what the market might do and then accepting that you have no control over it. Does that make sense? Please give a thumb up on the way out if you're interested in TraderLab and downloading the 60 PDFs of those structured trades so you could reverse engineer them or at least follow the stream here when you watch it. And also the library of webinars is available to all you guys and there's no cost. We have a selling iceberg here. We have absorption. Where's the mean in the higher time frame? Here where's the stops? VWOP in mid. This is an area for a structured trade. This is strictly dancing in microstructure. So this is not a TraderLab trade. This is a fractal trade of a TraderLab trade. Hope that makes sense. Thumb up please on YouTube. Thanks for visiting TraderLab. Remember this stream is available exclusively to TraderLab participants over the weekend to reverse engineers, circles, arrows, build your library of examples of triggers and structured trades and vet them and come up with a statistical edge. Remember the business of trading is operating like a casino. Only play games that have an edge. Don't make them up. Don't impulse. Don't be emotionally attached. That's what average retail traders do and with the failure rate being what it is for retail traders. Think like a retail trader, of course. Just don't act like one. Thanks for visiting TraderLab guys. Look forward to seeing you Monday. Have a terrific weekend and if you have any further questions I will meet you in the TraderLab in the bookmap discord.