 The broadcast is now starting all attendees are in listen-only mode Good morning traders. Welcome to the bookmap pro trader webinar series for March 18th today Today we have Raggy Horner. She started trading at the tender age of 15 while still in high school She has a passion for communicating the message of the markets as well as teaching traders how to find an edge In both currency and futures markets She's published three different books has countless speaking engagements and seminars And is the chief currency analyst for ibfx, which bought out ffxcm And trips across the globe So Raggy shares all that she does and has learned at simpler currencies calm So I have all of her contact information here. Okay that you can see her website her her Twitter feed YouTube channel, and then here's her email as well And then also the special offers that you can get for book map from Raggy. Okay, so don't worry about all of this here I will put it into the chat for you guys and Need to go through the risk disclaimer as well Trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results This webinar is recorded And we'll have it up on our YouTube channel later this afternoon just like the other ones Okay, if you want our YouTube channel, just go to youtube.com and search for book map and click on the logo Okay, so I'm putting all of her information in here to the chat Let's turn it over to Raggy and and take it from there. All right traders. Let me get the screen going here I'm not even sure which screen is being shared. Hang on one sec. Yes. We see your book map Oh, you see the uh, well we see the es here Okay, let me check out the right screen That's always the fun part. Let's see not that one. There we go Boom. Okay. You should see a screenshot of Yes, book map. All right Thanks as always everyone for coming. Um, and uh, yes just a quick Little breakdown of who I am and what I do Yeah at 15 I started Writing covered calls on the IBM stock that my father gave me Uh, I started getting curious about the market today very young age. It sure beat babysitting like all my friends were doing Uh, by the time I got to college I was pretty much flunking out because all I was doing was trading commodities from my dorm room and I just kind of went from there So I've been trading full time since graduating college in 93 I started doing uh, some sows some of you might remember that small order execution system direct access day trading stocks back in the day and you know fast forward I I only mentioned that because you're talking to someone who Came up as a trader having to draw their own charts No internet no no book map, you know, no no direct access Order execution no transparency no depth of market no level two So when I when I look back over three decades of what I have been and have not been able to see You know to have something like this when I started day trading in the mid 90s Small order execution or to have to be like this when I started trading the e-minis when they became available in 1999 2000 2001 with the es n q y m You know before that we were we were listening to squawk We were we were writing our orders to the pits and hoping we wouldn't get you know to take an advantage of by the time Our order got there and was filled so it's it's very different now And it's it's amazing what we were able to see and so that kind of gives you a breakdown of what I've been doing across different markets and and what we're going to talk about here today I had a I had a plan to talk about time And looking at certain times of day and the order flow on book map and that quickly Basically got supplanted by the fact that we had yet today another big limit down whether it's a limit down or a limit up So I thought you know what let me switch gears to what I did today Show you why and what I did and how book map gave me an edge a tremendous edge over other types of analysis that I that I use in fact Right now I am in an s and p short Which ended up being almost 10 points ahead of my projected level And and book map was the reason so I hope that as we kind of go through this you'll see the advantage of book map offers and I'm using the dx feed by the way the last time I spoke with you I'll use I use the transact feed and just a quick aside about feeds one of the things that I did not want to see is that traders that that I teach and And you know, we do a live alert service or everything that I do is is done timestamped in a live chat room but a lot of those traders are using brokerages where they can just Pipe in their feed into book map, which is fine for a lot of our traders. It's transact I have nothing against transact. I think that it's an easy way for traders and probably the lowest cost barrier for traders to Get the book map subscription or and then then add the transact data Which is fine because for the most part if you're looking at Near-term levels not necessarily further out projections, but making near-term decisions based on near-term levels I think it will suffice and it would break my heart if traders were thinking that they had to get book map And then a separate feed to see what it's capable of doing. I think what I found with traders who are Using book map is they'll start off with some sort of feed that they have They can plummet from their the current futures broker and then eventually they say wait a minute There's more I can do with this and then they net very naturally Sort of evolve to the dx feed because at that point This product this tool is paying for itself and it justifies You know expanding the capabilities of what it can do and and that's sort of the growing the step-by-step growth that I encourage my traders to To follow Listen to me now. Believe me later. That's fine. But how about just going to prove to yourself that this is a needle mover in your trading All right, so let's so having said all that let's get to it. I'm going to start off with just a look at All right, so I'm going to take you guys back to something that's not book map related something you can go check out And this is what I do every day is I head on over to a site called finbiz And by the way, yes, you can trade currencies and you can see some of these great levels On book map as well finbiz is a free site. You don't need to log it or anything But what I would look at is the one-day relative performance of the currencies I like to trade currencies book map is great for currencies. So I'll take a look at that now today This is not this morning's relative performance, but Today we had in fact, you can see it right now. Let me show let me put this I don't know if they actually can see it but We have a we had a lot of yen strength yen is the number two Strengths story today and it still is by the way to number two strongest currency and a one-day relative performance, which usually Which usually has me looking to the The downside of the market, I'm usually going to be a bear. All right so then what I want to do is Look at the fact that the limit and this is specific to today and specific to action that we've seen For a couple weeks now a limit move is going to basically supplant Anything else, you know when I'm looking at my playbook led by yen strength or weakness When I'm looking at my playbook based on being at the top or bottom of the range To be primarily bullish or bearish once I get that limit move I know for about the first 90 minutes after the reopen That limit move is going to be the only playbook and that typically entails wanting to fade the gap Down like we had today initially so you can see You know, this is the this is the view that I had earlier the view many of you had earlier and clearly We had the market stuck up here and we knew it was going to open down in this area We saw what the size was and and so that that's where I am first Realizing as many of you are. Okay, that's where we're going to open. That's where the initial support could be but I'm not going to buy Right away at that level. Okay. What I want to do and this is this is what I'm going to watch on book map for about the first 30 Sorry 60 for the first 60 to about 180 seconds in other words for the first minute To three in this case after the market opens this happened I'm going to see the highs that are put in the market because I do want to be a buyer The gap the get not gap down the limit down Initiates for me Only a bullish bias. I want to be a buyer The book map is going to give me some insight into where the highs during that first three minutes Could be put in and then if we take out those highs I'll see some bullish momentum I'll see almost like a like a catapulting action and so you can see that right here What I'm going to point out is what I was looking for which is this right in here Okay, where was the size where were the where were the highs and those put in in about the first minute or so There's another layer that was put in another high that was put in right about here Okay, so that means that scalpers in my mind what this is doing is giving me the x-ray vision to understand That as we take out that first minute as we take out that Third minute, that's what I've done in my career previously. I would just use time But now what I can do Based on the transparency of seeing the order flow I could not only use that same time window But now I can see specifically which price levels are most likely to create that sort of catapulting action Okay, so I'm adding sort of time tested you know time based understanding of the way the market behaves After in this case that limit down move and then I'm adding that extra layer of x-ray vision transparency by seeing A little bit more clearly as you can see Where those catapulting actions will take place because I can see the highs and lows According to the volume those volume thresholds Right those participation thresholds are going to give me a lot more In my mind confirmation that I'm hitting a trip wire that there's really a level of meaning Being broken to the upside giving me an opportunity to get long All right, so what was really interesting is before the day starts as many of you who are s and v traders probably know You know, we keep some levels in mind. I have a few levels still in mind One was the 24 47 halfback right a lot of you probably use halfback levels and understand the halfway point Of the previous session is a hugely important psychological level and that halfback level I was looking at was 24 47 meaning if we could have to 24 47 I'd start looking at book map To identify whether or not there was resistance in that area and whether or not size was building up to coordinate with A fade of that high a fade of that halfback Okay, so again, I'm marrying sort of time tested more classic s and p Price analysis volume analysis. You can call it market profile and volume profile levels with book map. So We are fading. We are buying Based on these You know the first 60 seconds to 180 seconds and having book maps show me where those Those catapulting moments are most likely to occur Right, so I'm long and I'm going to remain bullish Until I get start closing into 24 47 I'm not even thinking about shorting Now, I know that book map is telling me. Hey, Rob. We're probably going to see some selling pressure around 23 93 to 23 94 Which is really important to know because I know the closer I get to 24 100 I'm more likely to see selling pressure So now I know with a high degree of accuracy Where if I have one of my many targets because I'm going to scale out as the market Market moves in my favor. Maybe this is t1 or t2 target one or target two for me I'll scale out. I'll pay myself while I can not when I have to but I still believe that 24 47 Is sort of where I feel I can start to short I still want to be a buyer up until that point. So different layers of support are going to be what I'll use for Reentries to the long side and so levels like this Become very useful to me. Okay, because I'm able to keep a bullish bias by the way All right, so then moving on through the day and I'm literally taking you through my use of the book map throughout The trades that I took and called Uh, I knew the closer I get to this level the happier. I'd be I didn't quite touch it Which is fine. Which is fine. Had I would have bought again. I didn't so I didn't buy again And I know see now take a look. I was being opportunistic Bottom of the range right bottom of the range buys In this case top of the range. What I want to do I'm gonna pay myself Take profits off the table All right, so as I'm reaching this area Well, yes, I want to be proactive About scaling out a little bit remember Because I had the bullish bias and the gap down and I had book map helping me out I'm already long Very much both time and book maps transparency. Okay, so now I'm going to pay myself not get short But just pay myself because again 24 47 is still that level I have in mind. All right, so By the way, are we are we are were there any questions that I'm Let me take a look at the questions here if there are any not not yet Okay, cool. Cool. Cool. Thanks. Thanks. All right, so When I say pay yourself while you can that when you have to I think a lot of traders tend to overstay Don't especially when they're playing playing momentum so I may not even wait To reach The layers of resistance on the chart. I might start offering out My spy Calls I might start offering out sort of scale out of my es calls or spy calls or even my es mini or micro Before we get there Right, so it gives me what I believe a heads up to something that most traders just are going to find out by surprise So I can be a lot more proactive About these and and I can do what's known as step out in front of size because I can see the size I can jump the line because I see where the line forms, right? Okay, so Then moving on to All right, here we go. So moving a little further ahead So we've already we've already seen the market that's back in in here. We've already seen the market Tackle 2400 it shut up to 2415 and that's fine But one thing a lot of you will have noticed and look at the way So a lot of traders said, oh no, so I'll just give you an idea including my head But oh man, I scaled out too soon, right because we all have the pig in the head And then I got to remember wait a minute book map isn't just showing me a candlestick, right? What is a candlestick doing a candlestick is just moving higher, right? That's what a candlestick looks like It's not giving you sort of the guts Of the move When you look at this Look at the way The activity is here And do you see all this space in between? Look at this activity Does this look like that? Right, I'm getting this visual as it's happening. Yes, we're just running up through 2400, but I know it's a very precarious run. Why? Look at the structure of the move. Look at the holes in the move. It's almost like They're they're sort of leaping ahead. We're running ahead. They're not even there's no traction there. There's less participation there What do we know as book map traders? Volume participation, it's everything It's everything, right? So I'm literally looking at the structure of this and I see the structure Let me just point it out one more time because I thought this is so great because I had to check myself my darn it This is going to be one of those darn ripping up days or maybe there's some news or Or maybe the virus bill was who the heck knows maybe, you know, the treasury secretary is on television Maybe there was a tweet and then I remembered wait a minute wrong. There's no substance to this move Let it go and in fact don't even commit to it because it's out on a limb Yeah, that's another way to really look at it. This was the really healthy Thick part of the limb. Do you see the structure and this is the thin part of the limb? That's another way I look at it. Okay, if that maybe resonates better as an analogy Is a metaphor. All right. So sure enough what happens boom limb breaks limb breaks We did what we paid ourselves what we could not what we have to and then what do we know? Well, if I'm going to buy again, I'm going to wait for size And if that size can correspond with levels that you're already looking at All the better all the better but really what I wanted to point out here Was pay yourself all you can not when you have to and then look at the structure Is it is it the thick healthy part of the limb or you weigh out at the thin part of the limb and and the structure looks completely different completely different, okay, so That takes us from There to there. Okay. Here's the next shot. Here's the next shot. All right So Let's see All right, so we shoot down We go back up because remember I'm still thinking 2447. So even though the market's pulling back The bullish bias that I have from the gap down Fading the gap. I know that typically is going to last about 90 minutes You know 60 to 90 minutes. I'm still a buyer. I'm still looking to the long side Another thing that many of you can can put on your book map and I put this on my charts But you can put on book map is the volume weighted average price And generally speaking if I'm north of the volume weighted average price I'm going to keep a bullish bias as well All right. In fact, if I'm above the clearing range Low I'm going to keep a bullish bias as well So there's a lot of ways you can have sort of the confidence to say look I know book map is going to show me highs and lows I'm not going to kind of ping pong between those although some traders do and that's great. I'm not them We've got plenty of great experienced presenters here at book map and maybe watch one of them That's a little bit more active on both sides I tend to go one way once I have that conviction right So the pullbacks are great And you can see why the pullbacks I think for us waiting for the not the resistance is short into but the pullbacks to buy into served us really well and then all of a sudden Here I am thinking I'm really going to see 2447 I'm thinking to myself. All right 2447 here we come because remember that's kind of more classic s and p trading analysis. What's my half back? right okay, so then I'm waiting For this market to give me little pullbacks to buy still on my way to 2447 where I'm going to start to think about Shorting I've already taken a really nice ride to the upside And then I want to think start to think about shorting and I can see there's some thin levels of resistance, but not a lot now Let me show you what my chart looked like that at the time All right, this is the picture of my chart at the time so all of a sudden I'm realizing that There's always the chance and I'm not going to know if I didn't have book map I'm not going to know but there's always the chance That the market could fall shy of 2447 that I simply May not get there. I might keep testing a certain level and I'm going to show you my live book map here right now Because what happened here? Let me show you I think you guys should be able to see this So this is a current look at the book map and what I want to show you Is the fact that I never got my 47 Take a look at where the resistance kept stacking up. You all see that 2440 Now if I did not have book map as I didn't for many years I like many of you know from the first presentation I've been using book map Since q1 of last year Before book map I might have been waiting and waiting and waiting for 2447 What happened because I could see Sort of again that x-ray vision 2440 just kept steady with the selling size I'm thinking wow. I I may not get that. I'm always seven points away Right. I'm always seven points away from this level that I want. I'm in the vicinity in book map saying rug You may not see that because look we keep getting that look at this. This is this is the shot at You know I'll tell you right now. So I tap times that this 10 14 a.m. Eastern This is you know here, but take a look at How many times that I have to see this before I go. Okay. I'm not going to see 47 Well, you're very close Start thinking about pricing those spy puts start pricing those es puts Now I mentioned the puts here because last time we talked a lot about minis and micros In this environment, I am much more interested in trading options because if we get some crazy rip if we get some crazy news Unscheduled events, you know suddenly the treasury secretary's on cnbc. Suddenly there's a tweet suddenly There's a member of congress saying something about the virus bill whatever it is These are the unscheduled events that have re that have been wreaking havoc So I've been playing predominantly options in this environment And I got to tell you if you're an options futures trader Or an options etf trader. I haven't even talked to you guys how about how I play stocks with this tool If you're playing options Even more so than traders playing the underlying futures Momentum and size are even more important to you. I think you know that but for those traders saying options rug Yeah, because this tool probably is even more valuable to traders Trading options because size and momentum is going to dictate how aggressively you can be on the bidder offer When you're buying or offering out the options that you own I'm predominantly long calls long puts. I'm very directional In fact, the long calls long puts are basically an alternative to Being long the es or the nq or whatever, right? So that's where I'm I'm basically taking a very risk-controlled alternative Because remember whatever you pay for your option. That's that's the limit of your risk your long Puts and calls whatever you paid. That's it. That's your risk. So if all hell breaks loose you know And I I've never seen a situation Even right now that a put or call gets caught up in some kind of crazy move and I'm not able to salvage Some part of the value. So just again, think about the kind of swings we're seeing and how you can control risk All right So again, I had 2447 in mind and what did what a book map do it save my you know what? Because rather than haplessly waiting for 2447, which was the half back Which I'm telling you right now a lot of traders were expecting the market to get up there So they get short. What did I do book map? Let me cheat I say it's cheap, but I'm really not cheating at all book map. Let me jump the line book map showed me that you're not getting there Give up those seven points. You're not going to see them And even if you do fine, but this is where you need to build your position This is where the wall of sellers are waiting Adjust your plan. Rob. This is where it's at. So I hope that For those of you using levels like half backs and swing lows and swing highs You can say look you can still be true to those levels But but don't be ignorant Of the fact that we may not get there and sure enough take a look what happened subsequent to that Here we are coming back down off 2440 and Here we are later on again heading down to 2400 And what I want to talk about here to sort of wrap up our our convo because again, what I really wanted to talk about was time Initially and then I thought you know what wait a minute. We've got a tremendous opportunity to talk about classic S&P analysis and let's talk about where we are right now Because this is something we could use going forward from this moment and then For those of you catching this on on replay. So, you know, I played out so the other side of my Level it was 2447 to the upside but the other side of my level is 2350 That is what I'm calling the this is when they bring in the kraken When might the Market Sell off when might the market really start to shift and accelerate to the downside the swing low I believe for the past two sessions is 2350 so I can now just like we were looking at 2447 I can now Start to get a better grip on Whether or not that's really going to be the level at which we Crush a lot of orders that we fill a lot of orders and sort of catapult in this case lower Whether or not that might happen a little higher Whether or not that might happen a little lower or whether there's no size waiting at 2350 at all And that's not really going to be the decision level right those are those are my decisions now so we took advantage of book map on the Limit down move to be bullish because we fade those limit moves We wrote it higher my my expectation was to see the half back of 2447 book map said nope It's 2440. Thank you book map and then now As we sold off Now i'm thinking all right if we're gonna if we're gonna break down that through that 2350 swing low release the kraken level Again, i'm going to use The book map to show me maybe it's 2360 Maybe the resistance I want to short is 2380 Proactively to take advantage of the momentum down through 2350. Maybe there's no size at 2350 and it's not going to really be Sort of a threshold that that instigates more momentum But I am increasingly bearish as we trade down towards these levels And if I can short 2380 or by puts at 2380 or if I can see 2360 break And maybe that's that least the kraken level those the things now that I can make decisions about so well I have these General levels to watch 2347 half back 2350 swing low I can fine tune them now With the transparency with the x-ray that I get With with the book map and that's quite frankly that's you know in in 30 minutes You just looked at the trades that I have in the morning and how key A role especially for the short that I have right now, especially for the spy puts That I have right now how key that was because if I was waiting for hackback, I never get it Not that I would still be long Right, I would have I would have rolled out of the long eventually, but I wouldn't have had The q and the visual q To get short to realize that the market was going to front run That half back level. All right. Okay. Any questions? Any questions now? Yeah, a few questions in here Let's see See michael's asking about uh, if you could define or Redefine what that clearing is. I don't know if it's the initial balance or oh sure sure sure So that's a great question. So the clearing range Is between 9 30 and 10 eastern it's the first 30 minutes after the bell rings the initial balance Range at bruce just mentioned that's another level to watch And that is the first 60 minutes after the bell rings That's the 9 30 to 10 30 levels and I do watch initial balance levels as well again, if you want to see if there's going to be just a crush of of Participation of volume those initial levels balance levels of clearing range levels You want to see if they're they're having corresponding Um Volume or orders waiting at those key levels with with the book map. So in a lot of ways Um, can you trade right off book map? I think you can But I think the way that a lot of traders are and I think you really can I think that though a lot of traders as they're learning Um, when I say trade, I mean clearly you guys can execute this platform And eventually if all you want to look at is book map, that's fine But I think for a lot of traders that might be too daunting a shift And I'd hate for such a large leap to prevent people from using this tool And what I find is my traders love to assimilate They'd like to take the tools are using now on whatever charts are using now and run book map Next to it and that's what I've been doing for the last year And and I think that's a very effective way of using Namely the current approach you're you're using on another platform But then add something that that other platform cannot give you and that's this Transparency so I'm a big fan of finding ways for traders to say gosh I don't want to make this big leap and I'm like it's not a leap It's not even a change you're supplementing what you're doing You're not supplanting what you're doing you're supplementing But anyways, yes clearing range is the first 30 minutes after the bell And initial balance is the first 60 and it's just a high to low range That's established during that time Okay, and um, how about I mean I'm just kind of curious myself like How do you apply that to like the limit up and the limit down scenario? I mean you talked about the first Like I don't know 30 seconds or minute minute or or so Oh, so so normally under sort of normal conditions and we are so far from normal right now. It's not even funny Normally I would look for clearing range high to lows and look for breaches And and look for pullbacks after the breach to play in the direction of the breach But in this environment once the limit move has occurred Like I said, we play a completely different playbook and the playbook that I then operate from is the let's fade the limit Move to the downside because we know there's going to be a lot of traders in the first 90 minutes or so that are looking for a rally after the limit down and oftentimes I'll look for A fade Of that limit move up until I start nearing my half back So today that was the game plan and again It doesn't matter if you're playing clearing range levels initial initial balance levels Or we get something as crazy as a limit move to the downside and you know, we open on the bell We just play a different set of tactics Okay, and are those Data studies that you have done yourself on on some of those like the clearing range Yeah, absolutely. I mean I think I think the clearing range is something that a lot of I mean And not actually no pit trader taught me that one. I know back when I was trading the big SP contract the full-size contract A pit trader taught me that and and you'll see the clearing range. You know for those of you that are curious That's just a phenomena that has occurred In in any pit traded mark forever That's just something one of those pit traded phenomenons that now we see that psychology is still very much happening And remember where the clearing range is literally where they're clearing the orders off their books and I think that's something that Again book map is going to more accurately rather than just being a time assessed High-low book map is going to give you something far better, which is okay. This is where the size Picked up near the high. This is where the size picked up near the low and you're going to get a much more accurate View of where the true breaches the truer breaches not just the time-based breaches But the truer breaches are going to occur because you can see the participation At the upper part of the range in the lower part of the range. I hope that hope that makes sense Yeah, yeah, definitely. I'm just kind of curious like let's just go with maybe like oil inventories or something like that something like a you know economic release that is a scheduled And after the you know initial volatility I guess based on some of your studies about the first minute or or 30 seconds or What whatever it is um, you you have some some studies on that but Um, are you also looking at the heat map and and when the liquidity starts to come back in as well? Oh, sure. Okay. I see what you're saying. So You know, you you definitely could I think the liquidity Application for me Is it necessarily going to be like let's say with crude oil inventories that we did have today? um For me, it's going to be more so again that might be one that's better For one maybe one more of the scalpers or or more pure momentum players that you have speaking but for me That liquidity is going to be Like the way that I showed you guys once we broke 2400 on the es how the structure got very almost skeletal It wasn't as full That's that's what i'm looking for. What's the participation like beyond certain levels or what's the participant participation like? As we get to a certain level So it's more it's more like I have a particular level in mind And now i'm confirming it with the book map. Can you do it the other way around? for sure for sure, so If the clearing range Is lightly participated i'm probably going to have a whole lot less trust in the highs and lows that we're put in but I probably I for my experience using it. I'm probably not the right person to To answer that. I mean I could definitely you know Look at some of my notes, but yeah, i'm more specific to a level That I had sort of already forecasted like in the case of the 2447 book map came in and told me no it's 2440 Does that sort of answer the question bruce? Yeah, absolutely. It's just curious that you know like on some of those economic releases You can see everything gets dark in the liquidity heat map because no one wants to take the risk And then it goes precisely to those areas like you are showing Today with the limit locked down And and you're looking for it to go to those areas And those guys are staying in the in the order book It's the same same concept During the you know economic releases And i'm just curious if you wait to see like some of that liquidity popping back in And starting to light up the the order book and instead of Instead of it being a time-based study Gotcha. Gotcha. So after the event, you know, the using using Crittle inventories or natural gas inventories or f o m c. Sure I'll tell you usually i'm flat during those events and what i'll do is i'll wait for book map to give me more structure I'll wait for my other charts to give me more structure And then i'll go right back to confirming levels at size. So a lot of times i'll be flat Into those events and then i'll wait for everything to start populating. So I almost can see the stepping stones if you will in the moments after the initial Impact same thing can go for earnings same thing can go for any major Event but i'll usually wait for book map to sort of repopulate And then give me The levels that i think that other people can't see quite frankly. So i'll i'll wait if that makes sense Gotcha. Gotcha. Okay. Excellent. Um, let's see here a bunch of Longer questions here. So let me try to uh read these out here. Um, so let's see. Um Jerry's asking about why not do homework or your homework on the pre-market and then um Wait three to five minutes on the open So, uh That is what we did. Yeah, so the half back Half back was the the basic kind of classic s and p analysis the swing lows Sure, and then i'm just waiting to see those confirmed. So that that is pretty much what i do. Sure. Okay. Okay Um, let's see david. Uh, yeah more than one data feed. Yeah, you can have multiple data feeds in book map You can be you know connected to Um, five different futures brokers at the same time, uh, as well as digital currencies and stocks Okay, all in the same moment You just need to have the data feeds Let's see michael is asking uh last time you presented you Said um, you look for uh a congestion of volume bubbles. Um at your levels and then traders with large volume Out of that congestion. Is that kind of a summary of your style? You know, that's a great question. So I was just so Timing and that's so awesome. See what we're getting right now. Everybody said i'm looking for 2350 as a swing low What do you guys think it's going to be the catalyst? Sort of the the Shoots and ladders if you will if you got now i'm dating myself Look at look at look at the way we're kind of getting that those that congestion bubbles around This area which is almost 10 to 12 points above My swing low. So if we're going to have an event a move I have a feeling based on what i'm seeing right now So to your point. Yes, I will still look at those kinds of things And and I think we're getting that right now and and I think it's I think that these Uh levels are going to front run I think these traders are going to front run that 2350 swing low and they're going to start to build their shorts either from a momentum standpoint Here Through 2360 and not 2350 all that will probably bounce a bit at 2350 But I think the really smart traders right now it's very subtle But you can see them boom boom right through here 2380. So I think traders are fading 2380 They're fading 2362, but when we have that big move that flushed the downside it may not really be through 2350 it might really start with 23 60 because you can see a little bit of size down here at 50 I'm actually going to squeeze in a little bit more data You see that there you can see some but I don't know I think the battle is being fought right now at 60. Is that makes sense in terms of and you can see the dots as well Yeah, absolutely Um And in that context there exactly what you're talking about are the dots at here at 60 And and and that context of the liquidity just underneath it And remember I'm also really close to a level So I'm not just letting and again everyone could use it differently But I'm already kind of going back to the homework question. I've already done the homework, right? I know where my half back was I know where my swing low is but look at much more Accurately and I think the edge that I'm getting Based upon the fact that I'm near a level that my homework told me to get Interested at but I'm getting more accuracy around it because I've got the book map Okay, perfect. Um So, uh, let's see, um, if you could uh, raggy, could you just right click on one of the volume dots there and then go to the settings? Of course Because they want to take a look at your dot settings So they're default gang. I don't do anything. There's nothing sexy here And oh and you're using the 7.1 alpha version of book map. It has the volume delta dots there As you're uh, so it's either gonna it's either it's going to be by minus cell So it's either going to be red or it's going to be green and not not total volume David so that that's uh The settings there. I don't think I don't think anything that I'm doing it's going to change With the volume delta versus I mean, I'm still It's I don't think it's going to change what you're thinking. I think the volume delta What what I do like about it. I think it's a cleaner I feel like I have more conviction when I'm looking at them But but you'll notice it's not going to change what I'm doing It's not going to change my decision But it is it is very cool and the thing that I did not have on is the v-wap And gang when we're above or below the v-wap, I think there's a significant shift Shift in terms of sentiment right right, okay Uh, let's see here. Um, let's see tim is asking about um Do you think the market will stop short selling? Uh And if you think it would Uh Stabilize the market a bit. I'm not sure exactly what what you're asking tim Tim are you are you asking intraday or end of day? I mean, I'm hearing is this a bottom Is it what you're asking me and if you are no I know my friend Yeah, okay. Yeah, I believe that's kind of the direction here Um, that if they're going to stop, you know, the short selling, um, is that going to stabilize the market here? Oh, you mean if oh, it means they ban short selling Ah, okay, that's the question tim if they're going to ban short selling Um, that would be and I'm going to put it out there That would be singular the most stupid thing that we could do Because if you look at what france just did they ban short selling and they reopened and they were down four percent On the reopen the market hates When utility can't do something and I think if we were to do something that ridiculous It would only create on the reopen up even much more exaggerated sell Because now the market's going to panic because out of the blue You know, we're going to be told we can't get in or out. It's going to make people just get out Right, we all panic the same way get me out now So if that was a question if we do happen to ban short selling for a session or two It would be it would open up to a catastrophically down day Again, france was down four Point one percent upon the reopen of the tech corral. Not pretty. Yeah, not pretty at all. Right, right Yeah, it makes, you know, really clear clear sense. No one's going to want to buy until it's really good The c tim is also following up. How do you use the cvp and svp volume columns? That you have on yeah, I'm just looking. Yeah, I'm just looking for size and participation You know, we know that there's a certain amount of conviction That's going to Be associated with size So you could you can also get an idea of where the most pain is being felt You know, that's that's also another way of looking at it. So, you know, where's the most pain being felt above or below key levels like that but Mostly I'm just kind of Pension to them. They're not a big part of the strategy I don't talk about them much, but I do glance at them. I do want to see where the size is at and it's sort of different Pain and sort of pleasure thresholds, if you will, you know If those are if those are levels or humps to get passed. I think it's key that we do get past them Right. Okay. Um, and samir is also wondering about some of the currencies if you can show a currency chart I didn't do any currencies this morning. I'm I'm showing you guys only what I did today I didn't I didn't do it. I was looking at the yen. I was thinking about the yen But the es Limit down pretty much just and maybe another time we could definitely do that But I didn't I didn't I'm showing you guys just the trades from today. So I don't have these screenshots from the Okay, or the euro or anything Okay, and samir, uh, the last webinar that raggi Hosted she she did go over some of those. So if you want to watch the recording It's on the youtube channel And let's see here one more question from kendall. Um He's wondering if I guess he's correlating here. Maybe the half Or a percentage from the limit down Area as maybe some sort of a kind of bigger figure Of why 60 might be Being defended right now You know the cool thing is and I love the question can because All of us are going to use different tools and different calculations arithmetic To say well, maybe this is going to be a decision level or a reaction level The cool thing is I would jot all of those down just like I jotted down my My swing lows and my half backs and clearing range highs and lows and initial balance Those are all levels that I'll write down in an index card And then I'll go take a look at the book map and the book map will tell me no That's not really a level or yes it is So I don't want to ever Dissuade anybody from doing that kind of homework or even wondering if that's the case What I'm going to do is I'm going to have all those levels written down And I'll just wait for bookmark to tell me if book map to tell me I know someone said it sounded like I said bookmark over and over again and maybe it did Book map to tell me uh That That level is in play. Does that make sense? So definitely keep them write them down put them on it put them on an index card and then let Book map tell me tell you whether or not There's some size waiting there and if there's some conviction behind that level or not Right, right. Oh great great great answer And let's see Tim is asking about where you put that f around that 2380 area Are you also like looking for longs above that area once once maybe you see some size On the buy on the big or good question. So That's a good question. So if there's going to be a rip higher Could that level instigate that? Yes Well, so what I like to see if we're actually getting momentum. It's almost like a running start It's not always but you'll see that very often. We have a few examples of it here If that 2380 level Is going to be a level that we will run through I have to see Not okay, let me see if I can show you what I okay. Here we go. See how this is really big right there And then it's increasingly sort of smaller So the closer we're getting to the level the smaller the less sort of Into my mind the less momentum the less force We have If we're going to bust up through 2380 not that we can't any other way But if we're going to bust up through 2380 I'd rather see a small dot And a larger dot and a larger dot and a larger dot So now it's almost like you've got a running start. Does that Resonate and notice that normally When we exhaust, it's just the opposite. So the support is larger and then when we get to the resistance, it's smaller And I'd have to see the opposite For a breakthrough, right, right. You did it just again. Do you see that larger smaller smaller smaller went out boom Right. Yeah, precisely. Um, okay Well, you know, I I do want to mention um about the exhaustion raggy like um, uh, and just uh, uh, it's going to sound a little bit like a promo here. Um, but uh, We we will have a Um, uh, stop and uh iceberg, uh tracker That is coming out that like the the the dip below into 2355 right there A lot of times, you know, you'll see that that cleaning out, um, you know flush through Uh, and then what was it was it stops? I mean, it's big volume, right? But if there's if it's has completely stopped out everybody you're looking for a new initiated buying to come in This this will be a really really nice confluence To give to give insight to that. It's like, okay. Well, everyone's stopped out We can see that um, and then and then you'll be looking for that running momentum that you're just talking about here of a 2380 By the way gang, um, what we're seeing right now, and I'm just seeing it right now We're getting reports that bernie sanders is suspending his presidential campaign And as soon as I saw that go through the wires so the dots got a little bit bigger We might see a quick little move to the upside On this but I would still fade it by the way. So for those of you, they're still trading live I would still fade this move, but it might not be until we get to by 2400 And if you're wondering why that's that's the news that's hitting the airways right now And see how it's getting a little sketchy up now I like that if it starts getting thin and we don't have the dots stacking on top of each other I'm going to be even happier to start to fade between 2390 and 2400 In fact, I might look to do that right now. Oh, I'm sorry. I didn't mean to interrupt. Go ahead, Bruce No, no, not at all. Not at all. That was it. That was it. Um, and uh Let's see here. Um, well, Todd is asking about um spoofing, uh, and um How you uh read that um and how it might be distorting Um some of the levels that you're looking at You know Todd this might sound a little Pollyanna I quite frankly don't um, I don't give it another thought when I'm looking at this because I'm already looking at levels that again 2400 is a major psychological level I'm already looking at levels that I believe are going to have participation period So I'll tell you Clearly, I mean we talk about disruptive algorithms, right? I mean as if algorithms are the are the enemy My my enemy is in the mirror. I know that For those of you that have been trading a well, you know pit traders are the enemy then systems are the enemy then, you know So there's always something So the whole idea In my from my understanding of the spoofing and I'm no expert But it's just trying to leapfrog try to outpace Other market participants. So what I find it does Is it tends to maybe Extend a move a little bit more than it normally would so all I've done is I've just basically widened my expectation For volatility around certain moves, but I'll tell you I think as far as I'm concerned That's typically not done with a lot of size And you'll start to see a lot of let's see how the structure here Look at the dots are stacked instead of getting I'm going to stretch that a little bit If if I'm going to be bamboozled by a move It's going to be a move where things are a little bit more stretched out like that There's not really true thick widespread participation I hope that's making sense because look at the visual now look how sketchy it is in there Right. I don't I don't feel that That's truly bullish momentum at the moment So I don't know that it answers the question the truth the matter is I really don't give it another thought And as we come up into the volumetric average price I'm already short now and I'd be willing to short all the way up into 2400 So I'll just trade what I can see and then trust that tools that I've used and psychological levels are Still going to allow me to do what I've always done for 30 years and And yeah, I know that's probably an issue, but I'm probably the wrong girl to ask. I just don't give it another thought Right, right. Okay. No, I think it's a really good point because um You can see the spoofing You can see the behavior of the algos when you zoom in but you're not zoomed in You're looking at a bigger picture here I guess yeah, if they're going to spoof to the tune of and what are they usually spoofing to the tune of one or two ticks, right? So it's just not going to typically Play a role in my zones because my zones are usually Wider and whatever is happening algorithmically in that is going to be noise and it's not going to disrupt my signal Right, right. Okay. Um, yeah, perfect. Um, let's see here Just one more question. Um, well some one one question Do you just answered about the the low volume pullback basically? And the kind of sketchy Volume that you saw maybe even above certain ranges That you know, it's not any confirmation at all for you're looking for the fade That kind of answered a few of the different questions there And uh, let's see Any questions like do you do you trade like maybe some of the ultra short? S&P or any of the stocks and how you might trade those differently I I do trade the stocks, but I don't trade them differently So what I keep in mind is even the ultra shores the 3x etc. They're going to do what They're The market that they're based upon whether that be the 3x bowls 3x bears Whatever the underlying is they're going to behave Pretty much in the same way and if I am trading stocks I want them to be stocks that are heavily weighted within the index of the sectors That are heavily weighted within the index. So I do want there to be that that weighting That helps me out. So by the way, I mentioned that I would be Willing to short again near 2400 I'm probably going to end up having to do that and you see how we went from small small small to big And we bust it up through that's And and again, I think this is purely on the fact that there's some bullishness Because sanders suspended his presidential campaign and this is what's tricky But I would still fade it. So to your Your question about stocks. Yes, if I'm trading the s&p I'm going to be looking at microsoft, apple, facebook, google JP morgan, I'll be looking at the xlf, the xlv I'll be looking at tech. So those heavily weighted sectors and stocks within that within that index Right, okay Okay, well, I think I think that's it. You answered everything Awesome. So Yeah, I oh guys, I I'm sorry. I haven't put this in the chat for a bit here. Here is raggy's Contact information if you want to reach out to her And then there's also the bookmark special offers in there from her as well It's in the chat and Let's see Yeah, let's I think I think that's it any any closing thoughts raggy Now just be cautious out there gang I mean, I think that as much as we have the power of this kind of transparency with with book map We are in historical times. I've traded through a lot of things whether that be the implosion of long-term capital management Whether that be as many as you have as well 2008 flash crashes like 2010 This is unlike those. This is very very different. So just be careful I think tools like this are going to add another layer of confirmation that most market participants Really don't have so probably more than ever this kind of transparency is going to be Really more about again more valuable than ever, you know, again the confidence I have right now to stay short Because of the size I see overhead because the sketchiness as I've mentioned because of the way in which we're moving between my initial fader on 80 Again, I'm going to be a fader up into 2400 had I not seen sort of what's going on inside The one-minute candle the five-minute candle I might have gotten Taken out or I might have even gotten long and I'm not interested in either. So Convictions higher this way and I and I feel that I'm able to get the The better direction out of the market based on these tools So but be careful out there gang as I reminded my traders This morning flat is a position and if all you want to do is, you know Turn your book map on for a couple days and just study it just watch it for a few hours It's going to give you so much of an education in terms of water flow Okay, okay, excellent. Uh, well, thank you very much reggae another just excellent presentation boy, we're really really happy to have you here and Anyway, look forward to doing it again sometime Everybody thank you very much for coming and we'll catch up another time Thanks so much. Okay. All right. Thanks, reggae. Bye. Bye