 Good morning traders. Welcome to the traders lab. I'm your host Tom B. Thanks for visiting today I stream live Monday through Friday 11 30 to one piece in standard time and Please note there will not be no stream on Friday Due to the exchange holiday and I will not be available on Monday So they I will not be streaming until next week on Tuesday Now this stream is about integrating book map order flow tools with auction market theory in other words Participant behavior the interaction of buyers and sellers, which is the purpose of The market and using a tool calling the volume profile Which is volume and price because price in a vacuum doesn't give you everything Volume is the component that differentiates one price from the other and we can see that using a tool called the volume profile and also reading into structure price action behaviors and structured trades are what this stream is about and Also getting into fractal trading, which is basically a top-down bottom-up approach top-down intermediate time frame down in fractal into shorter time frames for potential Interaction with the market when you can get an alignment with the vetted trade plant And this is all done as I say in fractals top-down and think about it like a Russian doll Where it's all the same, but they're inside of each other and once you understand market mechanics and behavior Potentially you'll be able to narrate the participant behavior and at times get aligned with it And then the trader lab is about helping you understand these mechanics the processes involved in translating market behavior and also Helping by providing some structured trades that you can then potentially reverse engineer and extract Metrics to help you see if you actually can develop an edge, which is the foundation of the business of trading General disclosure a book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice or recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation cannot accurately Represent realistic trading performance and please grab a pen and a piece of paper Like I do every day is I take a top-down bottom-up approach Which means lay of the land. What is the context in the higher time frame? What are the metrics that might give some support? as far as the potential location that the market may go to at some point or not and Then the structure trades, which we will actually represent here in in review. I should say in the stream and how you might Get an understanding of alignment risk disclosure trading futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors an investor could potentially lose all or more than the initial investment risk capitals Money that can be lost without jeopardizing one financial security or lifestyle only risk capital should be used for trading and only those with Efficient risk capital should consider trading past performance is not necessarily indicative future results And please remember this is not a trade calling room This is for educational purposes only and it follows the bookmap discord trader lab chat structured trades They're available to all of you As well as a library of webinars that are also available for your review to see these processes Narrated in real time as they have developed and the shorter term streams that I do every day I review what has happened as the day unfolds because The open is key to see who takes early control and in the trader lab We have structured trades to attempt to get an alignment if that's part of your plan And I always suggest that there's different contexts or configurations And you should or at least might consider having a different plan when you detect Changes in the participant behavior the market goes from directional to rotational And if you can identify these contextual shifts in the fractal or time frame that you operate in you might at times be able To get better aligned with those configurations and use structured trades to potentially participate and that's all about you Extracting metrics so you know When these configurations shift do you actually have a structured trade and a statistical edge to participate? That is the business of trading now grab your pen and paper. I'm going to give you some statistics, and then we'll get into the party And by the way, if you're in the bookmap discord trader lab chat this Stream all these daily streams are available for review, and that's exclusive for the trader lab Participants and you don't have to be a bookmap subscriber. You won't be solicited if you want to take advantage of the Education and the community of traders that are looking to leverage a collective experience into something that might be more The other part of this is This stream will be available until Tuesday. I suspect so if you want to review this over the weekend It is available so grab your pen and paper Here's a couple of statistics write these down and these I always say about statistics So you know what a statistic is it's maybe the other part of a statistic is there's no hundred percent statistic The other part of a statistic is at least these this is how the market relates to the previous RTH Where we open relative to yesterday's RTH, which is 830 central time to when the market closes And the RTH before the ETH opens so it does not take into consideration the behaviors that have taken place in the higher time frame It is strictly in a relationship So the thing about it is when you see a statistic it is not something that you find blind Followed blindly it's something that you put within the context So sometimes you're going to have a lower statistic, but within the context It's actually going to be more meaningful and you're gonna have to mentally adjust to what you know now Let's write something down and then we'll get into the stats the market goes up to go down The market goes down to go up and we spoke about it yesterday I think in the stream and I can't remember because I don't remember even my last trade, but Basically if the market sold down right and we know we had a trend configuration last Friday And that was poorly structured. So that sets up the potential for us to go down and fix it That's what we've done the last couple of days and blow out those longs, right? So we are still within the range at the moment of that Friday trend configuration day So what have we done so we got longs being flushed out and remember longs have sell stops under the market Longs become sellers and then new shorts under the market. So now what are we doing? We've gone down. We got early selling if we've run out of sellers Then what do we get the shorts in the market become the buyers? So write this down the market goes up to go down and goes down to go up And that's what creates our rotations even if the overall trend. Let's just say might be down That's why we had to squeeze in the trend day up buyers Relief rally off the banks, you know, like we yeah, we're gonna rescue anyone the Fed You don't fight the Fed so the squeeze run out of those buyers Then you get the sellers then you get the long liquidation. I hope that makes sense You need in my opinion to always be thinking from both sides of the trade not to get my open and that's part of what the auction process is participant behavior and Also write this down think like a retail trader don't act like one Always think about who's on the other side of your trade and this happens in all time frames or fractals So if you're even trading a little rotation like this, there's buyers and sellers on both sides of these little legs It's all the same. That's the fractal now. Let's go take a look at again at the stats and we'll move on The overnight volume point of control now. We're opening lower in range, okay Sir inside yesterday's range and we open lower So 83% probability we get to the overnight volume point of control overnight volume point of control Which is this right here? Just so you know, so we're gonna open right on top of it There's the open our th open this morning, and there's the overnight volume point of control But I want you to know 83% the overnight mid Which is above us and we'll see it later 83% probability Previous mid 72% Previous point of control 70% which is above us around 41 1617 I think it was make a note of that the initial balance high 69% ish probability overnight low 66 Previous low 53 and it's going down Previous high 40% and they go down but that is not Context sensitive, so we know we have those stats. So now let's take a look at Structure trade by the way, if you're in the bookmap discord a trade a lab chat, please post your questions If you're in YouTube, there's about a 10-second delay. Thanks for visiting These the stream if you're just joining us is about the structured trades That we have available for everyone in the bookmap discord trade a lab chat And that's how we go and that's how we roll and that's how This stream is about so I'm gonna go over now. You have the stats So I go over the open the first trade. These are structured trades. They're not recommendations You have to vet them. I always suggest the open is a separate trade plan because of its speed It's this is nothing different than practice practice practice practice What you're gonna see in this stream that's different. There's no indicators what this stream is actually is reading Participant behavior in other words the language of the market and then learning to translate In a very rapid process. It's no different than playing music translating a foreign language dancing You know dancing with the stars. Well, this is dancing with the market. So let's look so what do we anticipate? First of all, if the market was sellers somewhat yesterday, and you notice we had a buying wick So the buyers were getting interested yesterday's RTH So then we can anticipate if we get selling this morning at some point We might get short covering. There's one other number. I have to give you by the way 41 17. I think it's the number I got a look here guys. Now why don't you to write that down? That's called the micro Let me just show you where some of these levels are and then we can get going right away here Overnight mid right that's a statistic and we have above us I'm sorry about this. I'm gonna have to get myself a new mouse. I think Let me do it this way. This is our target naked volume point of control and 40. It looks like we hit it And then this 41 17 quarter This is called a micro composite volume point of control What it is is the next higher time frame of this So what you have is an intermediate time frame if you put all the days together Including the trend day up last Friday and you overlay a Volume profile on it the highest volume that has taken place is at 41 17 That is retail in the intermediate time frame This was yesterday's high volume Retail yesterday's RTH and you're good. Here's what you're gonna see and this is what trading and fractals is about Yesterday's daily time frame retail The intermediate time frame right above here retail micro composite VPock. So this is VPock Yesterday and all it is is volume point of control retail and this is the intermediate time frame retail notice the alignment By the way, I see it's the high of the day notice the alignment. Huh? How about that? Is it a coincidence or is there something to this? What do you think? This is what volume is about guys The reason this is I and why I do what I do and I'm not saying it's the only way to do anything or to read in the Right way is because the market. What is the purpose of the market? The fundamental purpose of the market is figure out What's too high? What's too low? What's fair? What's unfair and the market? Participants will move the market around trying to figure this out in other words They participate and it happens at all time frames. So let's go to the first Structured trade and trader lab and if you have questions again, drop them in there So anyway, we'll talk about the trades. Here we go. This is the first structured trader lab Trade now, we don't know which way it's gonna go, right? By the way overnight volume point of control and I would say that's not a big reach, you know to get here That's not the primary issue. What here's what it's telling you by the way if in the ETH This is the fair price now fair prices retail Think about And I'm and I give this explanation because we always have new visitors and I appreciate you visiting a trader lab it's retail if you go to the store can a tuna buck right and If we open This is the ETH the highest volume. This is where all the participants ultimately after running around There's the overnight low by the way In the ETH figured out this is retail if we open pretty much at retail that saying is Two-sided possibility, but here's what we know. We're close to the overnight low The overnight low is an important statistic and it's around 60% in this configuration and the previous Value area low is 71% here in this configuration So if if this is a fair price The potential is to come out and check and then go up because it's balanced in other words a fair price But we don't know when trading and or it could go up and check the other side first because we're opening at a fair price So it creates the possibility for two-sided trade. So we know that on the open We also have our statistics in our target. So let's look so the market opens This yellow line is called the developing volume point of control all this is is measuring Volume and price so the market opens it resets to zero here 830 central time This is the session volume profile. All this is going to show us is volume So you see this chop here that's volume right and there's more chop over here than here Which says there's more volume. So as we start auctioning or trading We are seeing the volume start to fill in at different areas and Think about that volume the same way you think about volume at a volume point of control If a volume point of control is the highest volume in the developing daily time frame And we were gonna match where retail is right in here In other words, if this is the whole developing day And it you see the volume in it. This is the same fractal in a shorter time frame right here too high Volume so we're watching this to see which side is going to take the ball Now let's come back to the this is fractal now the developing daily time frame is saying too low The volume is moving with price so it's supporting the higher move at the moment Volume is moving. So let's watch what happens now. We have structured trades in the book map discord trader lab chat Here it is. This is a short. Let's look at it. So too high your volume point of control shifts higher retail Okay, retail. So if this now is the fair price, but we leave it This is the first trader lab short and then pull back. So this now is a short and here's what this says Let's speak language of market too low too low and You know if we last here after the shifts too low, we do the opposite see the change in behavior break below I'm going into microstructure because this is language. It's speaking. So this says too high Now right here it breaks and here's what this says if you speak the language of the market too high Microstructure high volume this volume in here and This are too high when you break away if this was too low It is now saying too high when you break below This is a structured trade in the trader lab and you pull back here and you can't regain this It's a short now Where's is everybody tracking? Can you see how it starts filling out and how you might Participate if you have a plan for it. How about in YouTube? So let's look This is now too high and notice what happens the volume point of control shifts down which suggests lower This is a target. So overnight low value area low. Let's go back to our stats. Okay overnight low was 66 percent. Thanks for playing Value area low gotta find it here 71 percent target see how the stats might help you So now let's keep going and yesterday's low 53 percent and again who knows so let's watch so this is the first trader lab structure trade Where'd we go? Here watch too high shift down watch break low pullback watch Continuation short so Do you see something generic? If the short happened off the migration of the volume point of control, which was our initial short we migrate down Yesterday's low is a statistic. You guys with me 53% probability To get those longs out From yesterday and it looks certainly like we were gonna go north right, but what do we do watch? Now by the way, so potential short you'd be scaled This is the mid in the VWAP Potential short Back to here. If not no problem So if you took this you'd have be risk neutral if you're following a trader lab minimum to two lock configuration going for this and if you scratched No trade management. You just put it on your your trade fails above here This is the next location for a trade back to here if you can execute This is your microstructure Location Let me show you another thing. I'm gonna show you how you might use this stop an iceberg detector What this does is so, you know the MBO data stop iceberg MBO package it reads the tags on the orders from the CMA This gives you terrific insight on what might underline be happening. Here's here's what it is stops stops higher less stops. It's the only thing I use anymore from Indicator world Notice what's happening? If the price is going higher with less buyers and we're assuming Well, we know there's buy stops in the market, but if the market's going up and We're seeing less of buy stops. You have to ask yourself. Who's the buyer is the buyer? Somebody who wants to be long or is it more of a passive buyer with buy stops that become market orders? Because you're seeing that in the Delta. I mean, that's the question, right? And here's the other thing 72 icebergs are selling here and it's not in the middle of nowhere It's actually right at the mid. So we got the VWAP We got the mid and here's micro structure too high Now if you can't execute this no problem, you know, you just it's not your trade Okay, I mean you might be getting short here and here's the reason why I'd still be short is because it's statistic Otherwise, if there was nothing sitting here that gave me what I perceived to be a potential edge Then I'd be sitting here working on my crochet. So right here We fall below this so too low Back to retail outside back to retail when you take this out It is now too low Same process break Come back and check and you're going for this now If you couldn't get on this then you didn't have a trade and your target is this yesterday's low so ahead of it and then Watch where we come back notice where this is Notice where we come back High volume. So let's narrate this and You need to incorporate these if if you're interested in it. It's how do you remember? Translating the message the language of the market, which is what this stream is about. Can we read it? Okay, retail break here. Here's the volume Break back above. This is now too low. Okay Now that note itself if we have a statistic you need to prioritize How do you operate in the market? Right? I use statistics and I'm not saying it's right In fact, I couldn't even tell you if it's right But if I'm what I need I maybe it's more psychological But it's also because I want an edge I'm going to use everything but the kitchen sink to try to differentiate what I do from other retail traders who don't think like this Most retail traders think the indicator is going to do the work maybe I Find though that that doesn't work for me. So this is the short This is the obstacle once you break this now is to I There's your test back. That's a potential short also or not You see and then you're going for this and then after this there's really no statistic, you know down here Because what's under yesterday's low stops, right? So look at the icebergs accumulating in Here as we come in as these stops come out. These are the longs under yesterday's low 358 stops. Thanks for playing. We really appreciate it. So now Look at this This is the volume point of control. This is retail. So I'm looking at this. I See this volume. I took along here by the way Just saying I did okay scale Figured stops stops and come back to here. Okay, and You can see I got a scale and then scratched You know, that's the real world. What are you going to do? Right and the reason I was looking for the long is We took out the stops if there's no more selling now I don't know where the low is. It's not my favorite thing. You guys know that we took this out. I See the buying We pull back to the volume and Again, it's the same trade if it's in your plan if it's not in your plan, you know You just hang out same outcome You know, it's like come on. So, you know, you start talking to the market anybody ever do that and then, you know We get on our longs Any questions so far? So let's go take a look So now everything changes So now we have this now at 930 we have the IB and Which is and we have the IB high But so, you know, either the IB high or I be low one of them getting taken out is 90 almost 98 percent probability The IB high getting taken out as almost a 70 percent probability and the overnight mid, which is above us 83 percent and yesterday's Point of control 70 percent Which is our targets for the longs So now what you got to be thinking about is how do I get long? So let's go take a look this Well, okay. I'm not gonna these are not structured. I want to Stay with the trader lab structure trade. So let's look. Okay, so we come up This is a selling structure now. Nobody knows, you know, so but for me I don't have any shorts in this configuration. I'm just looking for my stats, you know, now Let's look at some behavior The volume has shifted from down below to up here This is the volume developing volume point of control. This is now retail, which suggests everything below us is too low So let's watch Now we have a set up in the trader lab or structure trade called the VWAP to be pocket, okay Now, let me explain how this one works Now so you guys understand and I always want to remind everybody Now this was our previous location This is now too low I should be marking these for you guys and I mark them I call them a variable high volume note and what the reason I mark them is because I don't when everything Scrolls off the screen. I don't I don't want to forget because this is saying too low So when we were down in this area, this is where most of the volume was So this is your retail and we tend to rotate around it If the volume shifts here, which is where it is now volume point of control That is saying too low. So this is my outside Now we have a structure trade in the trader lab. Let me show it to you maybe It's called VWAP to be pocket. Okay It is a potential one Let me show you the trade Maybe here you go. Okay So The trade sets up here Here watch Now we're looking for a trigger. So here's where we have volume Volume and watch Break low So that becomes a short except it's not a short because we're looking for a long for mean reversion I was looking at this and I'm going. Okay, you know, we got the IB stat above us If we can come out here take some stops and then come back in that would be a long That was my plan. That's a structure trade in the trader lab. But here's the other piece of this We're coming outside. This becomes potentially mean reversion. So The fact we didn't get a trigger here suggests lower And I was looking to get long. So I'm just telling you it's a structure trade didn't happen Then I'm going, uh, what's going on? I don't know And I'm in the state of confusion and if you think you're the only one No Because I'm now looking here. We're gonna test this. This would be my next location To potentially try to get a price check I call this a price check in aisle three to come back and check is this really too low Notice where it is 4100 also isn't that interesting and then to come back To here for the stops and then back to the volume point of control up above. So that was the plan See, so what this is is it came down? It did not get to this level right in here I'm looking at this and I have to tell you I'm looking at it and I'm going What now, you know, and I see the buying This is your pullback now if this is not a structured trade for you and this is what gives it away This right here and this is very hard to read and it you know, all I'm saying is if it's not your thing Then it's not your trade. If you're using structured trades. This would be the area to check Didn't get there. I mean, it's only a point away, but here's what I saw I see this and I'm looking for this. I see the iceberg I see absorption Let's look a little further So a little iceberg some iceberg I'm looking at this. I'm preferring that There's my micro high volume and here's my break high So now this is an over-under. I am anticipating these guys with their stops here get taken out And then we're going to come back because I my stats are now above me If it's not your trade, you just don't bother And that's what we talk about in the trader lab So let's watch it remember So we come back here. This is called mean reversion and the joke is yeah, it's mean This is your support 410175 because it was too low in the micro structure Break high is your trigger The volume is your support. So Volume break high. So this volume is your support This is your obstacle. This is your fuel. These are structured trades again If it if you require this then it's not your trade So let's watch the behavior Here's your volume This is your structure. This is like a v park except it's in Fractal is this logical? I don't know what I don't remember what happened here. That's watch. Do you see symmetry and a fractal By the way, I posted In the book map discord trader lab chat and everybody can access this a webinar on trading In fractals with micro structure Specifically this so you can see how you look inside. Is everybody following? Are you guys with me? By the way, if you're in YouTube and you're finding this interesting, how about a thumb up Just so you don't forget thumbs are nice. We like thumbs Thanks, peter. So We come back So here you go This is a potential wall now. There's two ways to trade these things that you guys know You see it You're near a location. Remember horseshoes and hand grenades If you're a developing trader, it's more important not to take this trade Because you're really working on discipline and not being attached to dollars Be attached to your trade plan because that's ultimately What's going to make you or break you in my opinion as a trader is not taking the trades that don't fit Is much more important than dancing, you know in the dark as they say But this is a viable trigger. So you're seeing this This little node that high that says high volume is the same as this Except that's in the fractal. Is everybody following me? I mean if anyone if this isn't clear This is really important that you ask And it's really really key. This is the basis of understanding fractals microstructure and a generic process thinking of those russian dolls top down bottom up. This is the bottom up This is that little russian doll Anybody have a question? Give you a couple seconds if you're in youtube because I know there's a delay Thanks guys. How about in youtube? Because of that 10 second delay in youtube, those guys can run and get a cup of coffee not miss anything Okay, no questions. So this is a potential long and here's and here's another way to play this The test So let's say you're sitting here and you're going I want to get long here All right, and this isn't your thing, right? Let's just say Now if it is your thing you'd be long and you'd be scaled but now we bounce off of here and we come back now Of course, it can keep going. You know, uh, we haven't figured that part out But this is where it was too low based on this fractal where that high volume is the potential is to come back and check Is this too low? Is this volume too low? This is our test So this is a potential long and then you got a scale Scale and whatever happens happens Are you guys with me? So you had two opportunities there at least the one based on trader lab The one back to the high volume is a legitimate structure the one that was uh on the run was a little bit more like, uh, you know A little more advanced I would say so anyway, uh long Back to the stops Back to here and then hold and we're back to our stats this And this these are our targets I believe yes, those are our primary targets. Now whatever happens as you know happens So let's watch Okay, so these are our primary targets 17 Oh, it looks like we're in the bonus round 41 30 is the next higher volume put in other words. Let's look at how this works Uh, this was retail Yesterday The right above it Is the micro composite volume point of control, which is the intermediate time frame. Come on luis. Let's do this So this is retail in the intermediate time frame and this is yesterday's retail These are our primary targets to come back and check Value area high Let me just give you the stat on that one and for me the trade could be done You know, I just you know, you put your layer runners out you put your helmet on and you know, whatever whatever If you trade with targets, you would be done with the long Okay, now the value area high Is about 60 that we would get here now after this I have no stats But I have behavior. So let's look at the behavior Now if we're thinking auction, which is kind of the way my brain operates This was too high last time we were up here. We left it behind the market's nature in all fractals and time frames And you've observed this even if it's that little micro fractal for the long. It's about the volume So this was retail yesterday This is retail from the last time we were here, which I think was either the day before Let me just look Yeah, I believe yes day before Which is where the high volume is so we have the potential to come back and check this or not But this is okay Look yesterday's high. What am I thinking? Hold on one second. Yesterday's high. Let me just find a statistic for that somewhere We got yesterday's low already Can't find it Previous high 40 percent. So this was the lower probability but remember What did I say at the top of the stream the market goes up to go down and goes down to go up we went down Now we're going up. So what's the potential? Well here because it's speed level which was our primary target and if we extend Then you know yesterday's high has by stops above it's logical and then this So these are our targets on the upside not a recommendation. This is auction market theory. This is market mechanics This is navigating and translating the language of the market operating in a random environment I'll trading at least from what you know, my understanding is um One second, please Gotta put you on hold one second Any questions post them. I just have to check something Post your questions. I need 30 seconds back. Sorry about that guys. Okay um Yesterday's high is not the i b high. So I think uh jc You might want to confirm your levels So these are our next, um Targets, okay And now let's talk a little bit about trade management because you might find that interesting now for me Uh, I can put the card in a garage at 17. In fact, let me make sure I've canceled everything here Uh, yeah Um, you know I get orders and I forget I have them on That's why trading with the plan, you know, it's kind of like, uh, you do your thing and if you have a trade plan You can actually be confident in the sense of How you manage a trade because it's all been sorted out before you you get in the market um The trader lab is really about organizing market mechanics and context and attempting and i'm using that quite You know clearly to get in alignment. Uh, the issue with the market is really the rotations are random and the interaction with participants is random you get uh fed uh Bullard commenting you get external things that impact the behavior of the participants on a short-term basis It can throw you out of your trades. Uh, that's every day in the market. Um, You notice we've had someone participating late, uh lately in the indices that I call it the mad bomber That just drops a bomb on the market and disrupts the auction. Um, that has cost me Uh, because it just blows through levels and that's just the random nature of the market You know, we don't like it. Uh, I've never liked but you can't you just accept it because you're really playing a statistical game Uh, in the end the business of trading is really built on the stats It's not built on anything more than you're trying to get in alignment with it and then everything is random So this is our next target based on the auction And the market never has to get there, you know, the market could care less about anything Uh, levels, you know, so i'm just saying but once you break through this level It is logical if we think about Remember how the vpok was migrating and saying what was below was too low and we use that These are the same levels left behind So this was too high, which is why we auction lower if we take it out. It's no different than moving away To the next potential level that's really what this is and remember the market, you know Market's random. This might be the high of the day. I don't know, but let's use our common sense. What's it yesterday's high? What do you think's above yesterday's high? Stops, that's right guys stops So yesterday's high Is vulnerable now there's some other behavior you can anticipate ahead of a previous high and that's a profit taking now If we don't take I would be beyond shocked and shocked I get shocked all the time in trading But i'm saying is that we don't get into these stops and potentially get here now Doesn't have to it's not my job You know, my job is to place statistics Follow a trade plan manage my trade and whatever happens happens I'm no longer attached other than I kind of what is it cheer for the team, you know But other than cheering for the team, I have nothing else to do here I just follow my plan and then You for me I you know, I have no more trade to put on until I'm done with the stream And then it's does the market offer me an opportunity if this is not taken out For some reason And I see buying and it's not a recommendation, you know within my plan parameters And this would be an area to observe just saying and so with this down here If we come outside now right here, I want you to see what you got here. This is interesting. I want to show you A little something to look at This is a consolidation, right? This rotational trade and what you're seeing in the volume is this You notice it's directional and this creates low volume in other words. It didn't Consolidate when it runs it leaves this this low volume area This becomes an outside edge of a consolidation Outside edges have stops So what can often happen and that's created because of this so the stops are sitting here Now the market does not have to come out but often what I observe is If everybody not everybody but let's just say retail trader behavior, where do we put their stops they put them here So we know their stops now the market doesn't have to get down there But what I like to see and again, it's not a recommendation. You have to vet these this Is now potentially if it's a rotational trade. In other words, it's changed from direction This is called context to rotation. You would have a separate plan inside a plan So you'd be going potentially for this and this How do you participate? Well, the market has changed. So let's just say in the developing daily context, it's up right in this shorter Time frame context, it's now rotational. So it's you're trading potentially mean reversion, which is outside in so it'd be Potentially and again, it could fall out. You know, I could do anything if we come out here Take the stops and it can go wherever it goes And we see the buying this becomes your target Ahead of it because that's retracement and here's your stops coming out. Thanks for playing Back to here and then potentially Here so that would be the potential. So let's see if we get it not a recommendation You need to have a vetted trade plan. These are not trades. I'm not calling trades because I'm, you know In the vacuum as much as anybody and if I put now remember what what were we looking for that stops Because that's retail trader behavior. Remember you wrote that down think like a retail trader. Don't act like one This is a potential buying structure not a recommendation Where's our obstacle? It's right there That high volume. This is mean reversion back Potentially to here. So let's observe it Remember, I don't call trades I'm a tourist So Now anything can happen, right, you know Anybody here not take stops. I'm still working on that. I still take them Because I protect my account. I just look at, you know losses in the market is overhead I don't look at it as a personal, you know, like gee, I didn't know No, I don't know. So my job's not to know. I can't know So this needs to clear this This is micro structure here It's like tissue paper, but it's where the volume came in and we saw the buyer, right This is your target ahead of this for scale. So you're using, you know, the tweezer in here, but it's subject to you Now the way I think of these If I get in and I know I need to scale, I have to be able to cover my risk Or and mitigate it and run a minimum two lot I'm only going up to here. So I wouldn't personally put on more than two Again, scaling ahead ahead underline of the high volume. What you're seeing in Micro structure Is Because we know what that's doing, right? So you know what's going on there. Let me just show you If I can find it is this this Behavior from out here to back to here This is a high volume node in the developing time frame is the same same That's why fractals as Trying to move in the screen around, but I think you get the point, right? This is trading and fractals using micro structure. This is your long This you scale here ahead of here and then Helmet are you guys tracking? Can you see it? So make sense. Is it logical? This is auction market theory In the words participant behavior, which is ultimately what the market's about the market is not an indicator based business It is a participant based business This is retail in here. So if you're trading Hopefully an alignment with we perceive to be an upside move Even though we've hit our primary targets, we have one more two more We have yesterday's high and we know There's buy stops there. So to me, this is a smart trade And all we've done is this is called mean reversion and remember the trader lab is built on participant behavior and Understanding why the market's doing this. Why is the market doing this? If this is retail the high volume there in other words retail, if the participants perceive in this Structure that this is the fair price. What do shoppers tend to do? Oh the tune is at a dollar here Okay, I'm willing to pay that but hey, it's 75 cents out here And oh the sell stops were here Do I want to join the retail traders who who do the same behavior like lemmings? They all do the same thing think like a retail trader. Haven't we all done this? Well, if we've all done it and we all Usually get taken out why if they're sellers here and it's always we used to think Oh, they went for my stop. No, they didn't your stop is with everybody else's and if they're sellers and the market runs out of Buyers at the time and we rotate and all the sell stops are sitting under this structure Which is where retail traders pile their stops What do you think? Do you think would make sense to get these guys taken out and then see if we exhaust Here and then see the micro structure for a return here. What's the better plan? This is where studying the market and anticipating the behavior is really in my opinion, but at least Pretty important part of trading And if here's the other part suppose you need that indicator Whatever, I always think of it like the blanket They give you or the little bunny or the teddy bear But it gives security right because we're looking for certainty and it's it's an emotional and psychological need We're wired that way, right? Well, I look at it a little differently Um, I don't use the indicators because it create a conflict, but let's say you need to want like an indicator How might you use it? Well, if you understand retail trader behavior, you would know Potentially underlined that there stops here. Okay. You would know if we get under there and we exhaust that It was just a stop pick and why did we suspect it? Outside edge, right? And where was our trade plan? Our trade plan is for mean reversion Which is a generic process outside edge, right? And you know what created it This i'm giving you everything. I think that you need to know and then of course the rest we don't know But we know is stops poorly auction Consolidation what's on the outside edges stops stops out outside edge then we're back to retail mean reversion We can't get above here We're on the hook if we get above here And this is the play here. That's it. Nothing more. That's how complicated trading can be Other than random I hope and i'm not simplifying what our what our obstacles are to being career traders What I am saying is if you build out a plan and your job is to just wait For your trade And yes, it takes time You need to be deliberate You need to build out goals for yourself. What do you want to do? How about a friendly suggestion? You come to the trader lab and just pick out a structured trade that you like and there's like it's like going to cafeteria or one of those buffets pick out one Anyone and say I like this. I can relate to it. Whatever it is and then Reverse engineer it Set up a trade plan for specific configurations. For example, this is rotational. It's different than the bullet train The other part of the bullet trade is you anticipate where the stops are because that's what we're trading into Whoever's on the other side and why we anticipating this Uh-huh buy stops, right? Here's a question for you. If you were short right now, what would you be doing? Where's our I behind by the way? Way down there Hey, anyway, this is our trade You guys here. This is a real time. Remember, I don't call trades, but I think you get the idea, right? Everybody get the idea Is this logical guys and is this difficult? Or is it That's our next target and you notice what's coming into the book 345 contracts. This is the heat map. It shows you so I don't have to be watching all these numbers clicking away Uh, I want it my target and I'll tell you what I do not a recommendation. You always have to vet these ideas Uh, I leave some for the sweeper. So I'm not I don't care about 41 30 I care about 29 quarter ish, you know, whatever notice the uh liquidity front running yesterday's high And that means icebergs might go off right here. Why do they execute? They want to take the other side of the retail traders notice the stops coming out 300 Oh, there's your iceberg starting to execute. So this is potentially iceberg And iceberg so we'll see if we what we do now yesterday's high We didn't take it out yet. Did we so let's observe you guys know the trade and you guys are following I hope you see some value in what we do in the trader lab and that if this is something that Is logical to me trading You know, I when I started trading was in 1980. We didn't have the technology, you know, there's a lot we didn't have Um, so it was different world and when I started trading, we didn't even have computers. How do you like that? Um, we had dumb terminals And they were dumb, you know, and um, so ADP actually had it that we called it was called Comtran And uh, that was the first and then when cqg came out with their first platform. It was the tq 2020 I had that so, you know, uh, and this is all Um Early on, you know So there was a lot going on, you know and oscillators just were coming out You know, I shared the office with George Lane who created stochastic. So I believe me. I was pretty pretty excited I really thought now we knew what to do the line would cross over and it would get long or get short or And then divergence was a big deal Right rsi's and all this kind of stuff and basically all these oscillators are moving average based anyway So but anyway, that's kind of where I started and system design Because I was a swing trader. There was no real day trading really didn't happen. I mean, yeah, we would day trade You know at times, you know, big volatile markets Um, you know, uh and early on for me, it was grains And then spreads grain spreads were pretty pretty exciting. So this is our target, right? So this trade would be done. What do you think guys? Is it uh, was it worth it? What do you think? Does this make sense guys? Are you with me? Uh tragic that we're in the rth session We're trading against yesterday's rth because that's where most traders, uh, you know reference and the statistics we gathered and You know And by the way, I want to thank rod he Contributes a lot to the bookmap discord trader lab chat. He Helps with the statistical research, but there are software products you guys And you need to vet everything for yourself, you know, when I anything I quote here or even suggest Strictly for educational purposes. You always have to come up and do your own thing The more confidence you can have and the idea of a trade plan is to give you the courage to actually put the trade on Um, because you've done the work to extract the metrics If you're making it up as you go like every rotation you see you're doing something Uh, that's not trading. That's gambling So what we're trying to do in the trader lab is differentiate our behavior from typical retail traders Who are gamblers primarily because they don't operate with an edge and one of the challenges i'm going to say um To trading is not knowing that you have an edge and where it is And to not trade when you don't have an edge because your job as a trader is not to be trying to slam an indicator on a rotation That's not trading in my opinion Trading and i'm not saying you can't use indicators, but the basis of training trading Uh is participant behavior. Remember, what's the purpose of the market? These participants are trying to figure out what a s and p is worth You also happen to know that the exchange is closed Uh tomorrow basically and we have nfp if you were sitting short, let's get logical If you were sitting short and we know the market goes up to go down and goes down to go up What would you be doing? Would you be covering? Uh, yeah, peter spread trading. There are no real stops. Um, what I uh did When I traded spreads, I won't even I don't want to go into because uh, you know, I had some bad experiences with them Also, I used to trade currency spreads and we didn't have pairs back then it was outright So you'd buy, you know, you get on the exchange and you know buy again sell a d mark whatever you're doing So I traded I traded spreads for years and if something nasty came out there was no risk management on it You know, you'd wake up. You'd be 100 points on the wrong side Which you know, I think was 1200 whatever the heck it was 12 per con, you know per pair So that that could give you some indigestion So everything is, you know, but and you had double the leverage in the spread So I'm just saying is it was kind of poison, you know But yeah, I did that Hey ned, thanks there So that's our target. So this trade is done Now here's what you do with this. Let's assume Now I'm just telling you what I do and I'm not saying it's the best of anything I'm always looking to improve So for me, don't forget based on the number of runners I was operating this I was done here But when we went into this configuration, don't forget And once we broke above here, this is the next target It's just auction. So But I was done here. Where's my next trade here To here because that makes sense Because this was an over-under right here. This was the end of the long until we took it out then This you see is it logical? Can you see kind of how You can re-engage Are you guys tracking? So this is the structured trades in the trader lab. You're all welcome to these, you know You know, everybody's like, oh, it's a big secret. Now, there's no secret. You know where the secret is The secret to the trading and becoming a career trader is a trade plan And that's no secret except nobody everybody's in a hurry and nobody takes the time to actually do what it takes to be a career trader. It's like really I mean if you're going to be a high performer, whether it's a sport Or any, you know, a physician or anybody who has a practice that requires technical skill I think you got to educate yourself one way or the other And what most retail traders do is they do derivatives of the same process that doesn't work in other words indicators primarily Um, you know, and then multiple time frames and oh, let's do Fibonacci Like like the market cares, you know, uh It it doesn't And if you think I haven't done all of that, I've done it And elliot wave and gan and mathematical processes and, you know, system design on and I've done it And I'm not saying others can't do it and be successful. I'm just telling you that I found that um You kind of move to complexity to try to Uh derive certainty Like there's a needle in the haystack or some, uh, magic tuning that you get the right mix of Whatever it is, but the thing about a mix of things is if it's not exactly the same I mean exactly you can't measure it because you've added a random component to it Um, if we always go back, I always go back to the basis of our business Which is if you want to use a uh gambling analogy is las vegas The house playing a game with statistical edge executed exactly the same way The only way they get their edge is by being Exactly the same way is the only way they can anticipate it'll show up and accepting the randomness of the interaction with the gamblers because the gamblers walk out with cash, but the business of of Las vegas or of trading with that random component of interaction with the gamblers is that That randomness and how the cards are dealt and how the gamblers play it is all random It's the same as us, but the house doesn't change the game They just dale the cards because the games they play have a statistical edge. So they see these quote losses Not emotionally But as a business and the cost of production write that down and overhead if you step away from how you feel In quotes write that down how you feel and you start embracing this as business Now you build a business That's in my opinion a secret It's no secret. It's just and if you're in a hurry the trade and push the button You're experiencing an emotional state and it's FOMO The emotions are ultimately the things you must master having a vetted trade plan with statistics Helps you master your fear and we all have fear or Put it this way uncertainty Because we don't know the cards. We don't know how The gamblers will play We don't know if bullard will say something We don't know if somebody fact buttons something and we don't know the bomber comes in who we've been seeing and just disrupts our trade It's still all in the mix You see So that's what we know and the rest is random if you were sitting Understanding the behavior of the participants that once we took this out that this was next because you know The potential underlying and that's all you got Would you now pull out your plan for mean reversion? Since you had a statistic up here You had yesterday's high. We hadn't taken it out And we rotated you knew Retail trader behavior would have their stops here You knew if we came out to this edge, which we already pre identified That you if you got a buying structured, this was your scale for the same reason in fractal that this is our target This is the same as that Except this is a fractal of that Is this makes sense and you guys following me Guys, this is trading What can I tell you? I don't know anything else And I don't know where the market's going to go at this point and you know what it doesn't matter to me Um It to me the job is and it can go I mean look the market can do anything Where's the stops remember we got shorts in the market not only uh from yesterday, but the day before They can get abused. Why not? Why should we leave them out? In fact, let's see I think Well This is a higher time frame target in it. But for me, I'm now this is where you've got to ask yourself. What do you feel right now? Do you feel like you should still be long? How about Your job is not to feel your job is to do Your job is to understand retail trader behavior And your job is to look at your targets based on other behavior and after that whatever happens is random It's always random. So and I'm just talking about me. I'm not saying it's good bad or a different I just trade the targets. I don't care about the rest of it because I know behavior I don't know anything else And it's all random. So for me the trade is done Put the car back in the garage. Here's by the way high volume here Outside edge see it's all the same But do you have enough range and you have a reason to be long here? See this made perfect sense to get the stops and get the target This clueless now, let's go back and look outside edge outside edge See now I I don't for me nothing to do But you could observe this and study it And this stream by the way, if you're in the book map discord trader lab chat You'll be able to review this stream over the weekend. I hope you get something out of it You know days are random in the sense of some days you kind of hit your head on the against the wall You take your structured trades. You're taking stops. You're getting annoyed. That's emotional It's like what am I doing wrong? You know how you know what you're doing your plan Your your obligation is not to the randomness of the market. You can't predict it I know we all want to say I know it's gonna do this. No, we don't know anything. I do know This was a pretty good bet and remember it's a bet That those stops since we know they are there and then we know about this. These are all good Okay, after this, I don't know are we going here? I don't know Now subject to your plan and this is not my plan and I'm not saying I have a good plan You could Let's look. I want to show you something Now this is weak structure Here's your high volume. I know traders will take this. I also know there's stops sitting here So I have no trade. You see this is the bomber by the way. I think that's the bomber, isn't it? See, so I have nothing to do here My car is in the garage So I may be done for the day unless an opportunity is created that I can recognize that's aligned with my plan If you feel the need to trade That is I'm going to suggest and you don't have a vetted trade plan or a setup or structured trade for wherever we are at the moment Then I'm going to ask you What need is being fed? Peter Just a point of question If you make it up as you go, you're a gambler You see and if you don't have statistics, I think you're at a disadvantage This to me, I have no idea what this is all about And it's not my job. I do know I can trade it But I'm really now Like you know, it's just not is it worth it. Here's the question for you If you got long on this test Where's your volume? It's right here. How do you trade that? There let's go back and look at this so run Low volume right you've seen this before We get our targets lovely. Thank you Now what? So this is our target, right? There was our liquidity Pull back here, but this is my Volume, how can I get long here to here? So Here's what I suggest in the trader lab You narrate continually If this then that if not then what if I have a low volume area this And I get buying Here this is a buying trigger in a microstructure break high and it pulls back. It's a potential long except The high volume is there I have no range I can't take the trade because I can't get risk neutral and I can't even that you know by the time I get in I'm at my scale. Are you guys with me? But here's what I do with this I continually read it because I'm practicing if I'm sitting here You see if I'm sitting here I'm gonna still narrate it if this then that if Don't forget now. This was my target, right? So I have no trade But I'm gonna still narrate the structure because this is where we took the long down here. Remember It's the same, but now I don't have a trade because I don't have a target I don't know what it's gonna do so and my obstacles here But my narrative is if this Then that pull back if I don't take it out then what then up to where no idea You see that's why I have no trade. My narration is to kind of Put on my brain That every time I see this I'm beginning to get unconscious Components and that's what my narration is about but I have no trade Is it logical why you see I put the uh, I put the Volkswagen back in the garage Uh karak is uh book map used by many. I'm gonna say Um It's a it's a high tier order flow tool It adds another level of insight into participant behavior Because we can see the buy stops coming out. We can see exhaustion right here. By the way, this is exhaustion 139 stops coming out. Thanks for playing seven Eight, where's the buying? Exhaustions No way to know by the way So Where's our stops under here? So there's nothing here for me to do the thing with this and by the way that is exhaustion And now you see the seller you see 75 stops came out on this move down 17 now where's the stops here and here It's the same behavior as the long we had down here. Yes, they answer your question do a lot of um People use book map. I'm gonna say Um, it's an advanced tool, but if you see yourself as a competitor You need the best tools And the best skill sets I I mean think about it It doesn't matter if you're playing in the nfl or the uh, nba Who do they put out a you you're a competitor What do competitors do? They watch tapes. They do replays. They study their performance They get coaching and they continually practice, you know, michael jordan and I always I don't like I'm not a good I'm not a comparison to him, but I'm saying is high level performance requires intentional practice and what I'm doing here in the stream is Um, I'm sharing structure trades that are available to everyone in the book map discord trader lab chat And there's a library of webinars that show and demonstrate the behavior of the participants Ultimately the market is made up of participant behavior, and it's not indicator driven Indicators are overlaid on the participant behavior to try to interpret what's happened by looking in the rear view mirror For me, that's not close enough. I can see this Right here. Well, when I have a triggering structure like we had wherever it was down here Um, I want to see it right now Right here I can activate. I mean, this isn't a trait. I can activate here My indicator is not going to do that for me and then I know, you know, but this is not a You know a structure I operate but because I've already gotten my target. Remember the target for the long was Stops above here yesterday's high and this then the trade's done now. Whatever happens here. Uh, you know, I don't know It's not my trait It just doesn't matter the thing about having a uh, so yeah, it's book map. Uh, yeah I started using book map in 2015 and it helped me because uh previous in the words my process that I use here I've been doing this for a long time what um, in fact In the mid 1980s somewhere Peter Stottermeyer who created market profile. He actually taught me market profile And, um, I will tell you that I couldn't do anything with it and, um I mean it was interesting. It made a lot of sense to me and I just didn't understand it At least, uh, I couldn't interpret it and I'll tell you why I was using indicators with it because I thought I'd make it better and all I did was create conflict and ambiguity and inconsistency In other words, I actually sabotaged myself and I didn't understand The problem at first Uh, so, you know, when you start looking at something you start thinking why why And then I would adjust my indicator or do this and that what was I doing? I was doing the thing that prevents traders in my opinion from becoming successful because I was adjusting and curve fitting a process And I also was using multiple time frames, which I still to do to a certain extent But, uh, I wasn't thinking in fractal. I was just thinking kind of like well This is uh, you know, how the profile might behave according to the literature and then I'd get smart Well, all I did was set myself back ultimately And it was not easy to do because I was built I built trading systems So I was very much quote indicator or derivative indicator oriented And I you know shared that office with george lane who created stochastics. You might say I was pretty sold On oscillators and indicators. I mean I was creating my own hybrids. So to leave all that behind was very difficult It's and uh, I didn't understand that I was actually sabotaging myself Now I use no indicators But bookmap what it did for me is it helped me see inside So I can get more closer to the participant behavior So I can open this up as much as I want to see inside. I could not do that previously, you know It doesn't matter and uh I didn't have uh the ability to see stops to know who the buyer was Who what is this a market? I mean, yeah stop becomes a market order But is this person really getting long or is this is buyer exhaustion? You see that and here's icebergs They're taking the other side. So what does that tell us? Do I want to be long here? No I want to be out Are you guys tracking? Oh nanny. I'm glad you had a good day Uh yesterday and today that's the purpose of the trader lab Uh is to try to help retail traders differentiate their results and part of the differentiation Is understanding that this is a business and how do you get it? How do you do it? You take one I mean it's a suggestion and it's up to everybody If you're not satisfied with the results you're getting doing a process that you're doing You might be doing derivatives of a process that's actually defective in the sense it has a negative expectancy If it's inconsistent you do not have the ability to measure it um In its specific components or setups if you want to call them that Um because you're inconsistent what I suggest is you kind of tear it down to its basic elements Trading which is really what's it built on? It's the participants trying to find what's too high What's too low? What's fair? Was this too high? Yeah, it is. We'll see you later. Thank you see That's it And then you pick out if you come to trader lab, there's a 60 pdf sub structured trades You can download and then you pick one out the idea the trader lab is how help you build out a trading plan And it's really a template with one setup or structured trade You can build it and and then you'll understand how the business works also Once you build it out Think about the discipline you have to muster to be able to wait for that one Vetted trade that gives you a statistical edge Our need our emotional stimulus is to chase and make it up and you know all this other stuff That is the other element here Um Las Vegas doesn't make the games up. They just play their game You know and now they have multiple games. Well for us It would be multiple setups or multiple trades or multiple contexts And how we operate in each one you build it one piece at a time. That's what the trader lab is built on It may not be exciting. It may take some time But you have a choice to make in what you do you can choose To change Something if it doesn't work If you are waking up with trade or groundhog day, you might be doing derivatives of the same process Outside edge inside yesterday's range me car and garage Now if you can scalp and do rotational trading a separate plan, I don't think it's a good one Uh, but some traders. I know do it, you know, they they'll be short here. They'll be looking to cover here They'll be doing all kinds of stuff. Uh, it's not that you can't do it But if you have the compulsion for action, that is not the business of trading I think if you want action buy a lottery ticket it costs less And you may find that if you start documenting Your interactions that are not in alignment with the higher time frame and understanding of market mechanics that you don't have an edge If you knew you didn't have an edge In something whatever some setup that you do now if you could actually measure it Which you might not be able to if it's inconsistent But if you could measure it would you keep doing it? If you knew it was a guaranteed loser over a large sample size, I'd suspect you wouldn't Well, that's the whole purpose of the business side of trading. Where's your edge? Stay out of when you don't have an edge when you have an edge except that it's random whatever happens happens And uh, either the trade will work or somebody will bomb the trade or it's just one of those trades that doesn't work Your job your accountability piece is to your trade plan That's why for me There's nothing to do here Now I will suggest there might be something to do if you had a plan for it Does anybody Can anybody imagine what it might be what it might be if you had a plan for this based on what you see right now? Wild just a wild question Give me the last question before we fold up because my time is up If this then that if not then what? If this is too high And we get a selling structure Then what then south To the next high volume Fall out of here Next high volume This is a potential short counter trend depending how you define it. Why is this important? It's too high Can you see the Symmetry and how you might Narrate it. What does it mean? So if you don't have if you don't fade and here's why it's a potential short Too high See now, you don't know And who's everybody's long where's their stops? Well, you see where's the next place For a test here So too high my in this Too high in the previous daily time frame potential short. Where to here How about that potential bounce into here Potential down to here not a recommendation You could see this is more advanced In the sense of while the process is generic Now here's the other piece here So too high and again, who knows? Where's the high not my skill set exhaustion break low pull back To the microstructure Not my trade, but right there is a short trigger not saying Break out Now Your high volume is here if it pulls back here. There's a potential for continuation down Or this is too low and we come back here. That's it Hope it makes sense if you're interested in this come back Come visit the bookmap discord trader lab chat Download the 60 pdfs of structured trades and minutia that you might find interesting reading over the weekend Also, if you're in the bookmap discord trader lab chat these streams Deli streams are available for your review and there's a library of webinars in there And also additional free trader education stocks options futures market maker behavior Crypto algorithmic behavior and of course order flow with a high tear tool like bookmap, you know algorithmic behavior um hfts Stops icebergs liquidity order flow, you know, there's a lot here and you can all take advantage of it You don't have to be a bookmap subscriber. You won't be solicited And you it's a great community of like-minded traders looking to leverage their collective experience. So let's see the behavior here Too low see now where's too high now it can do anything. So let's watch here Thanks for visiting the trader lab. If you're in youtube, please give a thumb up subscribe to the channel So you get notifications of other streaming Uh, I appreciate you guys have a great weekend. Remember the market is closed tomorrow Essentially, we have nfp, but you know say legere. I will not be here Monday I hope I wish you all a great holiday if you're visiting with family or whatever However, you might observe it too high Not a recommendation volume Too high potential short not a recommendation. So support potential resistance Outside edge remember outside it. Where is it good luck with that? But this is the area Then if you were going to fade it and it's not a recommendation You'd be looking out here Into the volume and see the behavior then if you have a triggering structure It sets up a potential potential short not a recommendation You just have to slice and dice it and here's the better part of this This is why You see it's not in a vacuum Can you say why that's the trader lab? Thanks again guys. Thanks for visiting the trader lab Thumb up on the way out in youtube appreciate your time and your interest Visit the trader lab at bookmap discord trader lab chat tom b There's a link at the bottom of youtube if you're interested in visiting You don't have to be a subscriber to book map now ever and ever and you won't be solicited But I think there's a lot of value. I wish there was something like Bookmap education available when I started trading Since there was nothing so thanks again guys Appreciate you. See you soon And remember this stream is available Or discord trader lab chat participants exclusively over the weekend thumb up on the way out in youtube, please