 Good morning, traders. Welcome to the Traders Lab. I'm your host Tom B. Thanks for stopping in today. Can I please get a audio and screen check in YouTube and the Bookmap Discord Trader Lab community? Good morning, everyone. Thanks for stopping by the Trader Lab. I'm your host Tom B. I stream live Monday through Friday, 11.30 to one piece in standard time. And this stream is about integrating Bookmap order flow tools with auction market theory using the volume profile in the intraday developing timeframe using a top down bottom up approach top down higher intermediate time frame and then on down in a structured fashion into micro structures for potential triggering. The goal of this stream is to help traders understand how the market works, why it does what it does and how you might get an alignment at times with it. The other aspect of this is that trading is not a prediction business. Now, whether or not you accept that is fine. It's not here to convince you to change your beliefs. But I think it is important that you understand how the market works and then you can choose whatever works for you. In the end, it's not about right wrong. It's about what creates a statistical edge over a large sample size of interactions in a random environment. And again, whether or not that's your truth, it doesn't, you know, it's okay. What really is important about all this is to separate what we think trading is from what it might be. And again, this is only based on my experience. I've been doing this gone on 44 years and that doesn't mean it's the truth for you. So I'm going to share what I have found after many years of working in different processes to try to establish and understanding the market mechanics of what I have found to be true for me. And again, past performance is not indicative of future results. Ultimately, all of us as individuals have to determine what is right for us individually. Also, I want to remind everyone that I am streaming from Costa Rica. The power and the internet can be intermittent. So if you're in YouTube, again, thanks for stopping by and visiting. If I drop out, I'll do everything I can to reestablish a connection. However, it might be problematic. And if I cannot get back into YouTube, this stream will continue in the Bookmap Discord Trader Lab. And if there is a link in the bottom of YouTube, if you want to go over to Trader Lab in Bookmap Server, you can. You don't have to be a Bookmap subscriber. You'll never be solicited by Bookmap. Plus, there's a community of like minded traders. Our senior trader has 54 years experience. And as you know, I'm going on 44 years. And then we have the full range of traders from newer traders and a full range of experience and approaches. So it's not one size or one way. It's the leverage of the collective experience that helps make us all better. However, what I share here in the stream is based on 60 PDFs of structured trades that you as individuals can reverse engineer, see if they might have a place in your process. Also, a library of webinars on market mechanics, showing these in play, some of the four hours long of real time duration. So you can see this in real time. And again, past performance, not addictive future results. And it's really just about understanding ways to interpret market behavior. General disclosure, all Bookmap limited materials, information and presentations are for educational purposes only. And should not be considered specific investment advice or recommendations. Risk disclosure, trading futures, equities and digital currencies about substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. And please remember, this is not a trade calling room. This is for educational purposes. It is based on structured trades that I have developed over a number of years. And you can visit the Bookmap Discard Trade Lab, download the PDFs of the structured trades, as well as observe the library of webinars. I think there's about 27 or so in there with various configurations and conditions. One of the things most traders understand is that the market is really not an indicator based business. Indicators are outputs of price and derivatives of price, which is all fine. The problem we have with indicators is that most of us psychologically are looking for red light, green light, and most of us are also psychologically looking to avoid the pain of loss. Now I understand pain, I understand loss. However, the model, the business model, and this is important, and I'll take a minute on this, is casinos gaming. And if you understand and you can put away your need to be right and all your indicators to compress risk out and create certainty, you might embrace randomness. And why would you want to do that when you want certainty? Well, psychologically, we're wired for certainty. Psychologically, we're wired to avoid pain or worse. And psychologically, from our, when we were basically on the savanna, back in the day with the saber-toothed tiger, we're wired to go in the other direction to run away from risk. That's why we've survived as a species. Well, we still bring that with us to everything we do in life. And we're looking for certainty, predictability. And it works pretty well out in the world we live in. But we still have the primal wiring of trying to avoid risk. So most of us, at some point or early on in our development, and some never change, are always working towards getting away from risk. But in trading, it's the opposite. We have to run into the burning building, not run away from it. So it's counterintuitive. So the, and I'm using intuitive as intuition, our intuition then drives us to have certain beliefs. Those beliefs may not be in alignment with the business of trading. And that is what gaming theory is about. The casinos, who are a great model, don't make it up. They don't tweak. They don't tune. They don't add more into a game. They play the game consistently with something called anchored inputs. Retail traders, for the most part, are using variable random inputs. And that's where your multiple time frames, multiple indicators, whatever you want to throw against the wall that sticks, and you're constantly tweaking and tuning, which is as I call Trader Groundhog Day, is absolutely not gaming. It is gambling, in my opinion. Now, you don't need to accept this, of course. I'm not saying you should. But if you keep waking up with Trader Groundhog Day, you might want to step back and reflect. Are you curve fitting? Are you trying to squeeze risk out? Of course. We all want to win more, of course. But what are the casinos do? They don't change the game when somebody walks out with cash from the casino. They see this cost of production and overhead because they accept they're in a random environment, not a prediction business. Does that make sense? You should be taking notes, and it's not about converting you to different beliefs. It's about you taking your experience and maybe extracting something from the experience. Because if you're trying to fix a potentially defective process, you will be waking up in the same place. Now, the problem with a defective process in a random environment is that it works at times. But over a large sample size, you may have what's called a negative expectancy or it's a guaranteed loser over time. Just like the gamblers in the casinos, they walk out with the cash. That's why they come back to the table. But over time, they don't have the edge. The house does. Think about it. Really important. And again, this may not apply to you. Past performance is not indicative of future results. Now, briefly, higher time frame. Let's go take a look at this. Why is it important? Because the market goes up, write this down. The market goes up to go down, and it goes down to go up. And every time I say this, you know, I always think you guys on the other side of this stream are rolling your eyes back. You say, boy, I didn't need to listen to this. No, but it's important. Let's think about it. Let's go take a look at the higher time frame. You'll know what I'm talking about. This is the RTH, not including today. So let's look. We had a consolidation here. You all know about it. I'm not going to scroll this down. And we broke out of it. Trend day up. Oh my god, it's going to the moon, Alice. Two days of consolidation. Now, this was a day and I know I go over this for you guys. Let me turn one other thing on here. These yellow lines are the highest volume on each individual RTH day or candle. I still think bars, but candles. In this two-day consolidation, 4883 was the highest volume. Volume profile allows us to see inside of price. You know, when you see this, well, you know, sure, it went up. You know, great. Well, as like for example here, these days are overlapping. Well, what happened inside of these bars? Volume wise, because volume, if you think of trading and I'm not suggesting you do, but I'm going to say one way to think of trading is shopping. What's too high? What's too low? That's why the market goes up to go down and goes down and go up. Because what's too low? What's too high? So as the market is trading, we are anticipating that at some point, if all these longs, so these guys have had no heat. Look at this buying. Oh my goodness. And here I thought, if you remember, I always talk about this day, we came within a couple of ticks of taking out the previous days low. We didn't do it. That means all these longs, let's just look at the higher lows. They have not taken any pain. Okay. Now, yesterday, what did we do? Hold on. Trouble in River City. Don't ask me why. Too low? Too low? E. And then we had a strong day up. I'm hoping my internet's still working here. You never know with this. Took out this high and then closed on the low. I think we might agree that's a potential reversal. Now, we don't know, but yeah, going into FOMC, we had major earnings coming out, and we took the shorts out one moment. So this is yesterday. Now, so what we do is we draw something over to see the volume. High volume was up here, and then we fell out of it. So this day, which was basically a what's called neutral extreme day, no, there's extreme up, and it was like the express train. This area here was poorly auctioned. In other words, we just ripped away from it. Well, then yesterday, we came down into it. So now we started filling this in. So that sets up potential continuation lower. And of course, nobody knows. Now here's some other things to report. This price is too high. Consider that retail. What's too high? What's retail? High volume. Remember shopping. If the retail price in a store is too high, when you come back to shop there, if it's too high and the green line is the same, you're not paying that I'm out of here. You leave the next retail price. High volume is down around 49 30. For this whole consolidation from where we lifted off the high price for this whole area, highest volume. This is fractal. I'm just going down in time, if you will 49 16 49 17. Okay. And then and what else are we doing stops, stops, stops. We'll see. Right. Is everybody tracking now? Now that we got that out of the way. And by the way, I can't see your questions or anything, but now I should be able to get the everything back. Okay. If you have questions, please post them. There's about a 15 second delay in YouTube and the same thing in the book map discord trade lab. Please keep it to specifically questions related to the topic. If you have support questions or something, please, you can go to the knowledge base at bookmap.com or there's a supports available through email and live chat. Okay. So this is the RTH open. We think maybe let me just hold on just spilled my coconut. I got a one of those coconuts sitting here on the desk. I am streaming live from Costa Rica. So things do get a little hold on. I got to get this coconut out of here. One moment. I'm sorry. I'm back. Okay. Let's see if I can get this working. Okay. This is the RTH open. So these are the levels I spoke about. Here's yesterday's low. By the way, ETH high. I'm giving you some new levels 4917. That's that intermediate timeframe, high volume node. These are important. So ETH low, ETH high. Yesterday's low, RTH open. What is this? The overnight volume point of control. And that's a high volume area. Think of it like shopping. It's a retail price. What was the micro composite high volume node? Same. So higher timeframe refractal. This is a high volume area. And if you think of trading like shopping, if you think of trading live shopping, if this price is too high, we might reject it. If we fill the gap, so we're opening in a gap, yesterday's low, and the potential to go to the ETH high, that's what I know. But the most important piece in this, in my opinion, and again, it's random, is this. Now, I know we can fill the gaps, right? We all know that. You know what else we know? We don't know. There's also another level, the overnight mid. Statistically, and I can't go over statistics. I don't have the time. Statistically, these are high probability targets. And those statistics are available to all of you in the Bookmap Discard Trade Lab chat to download, if you might find them useful. Why are statistics important? You're asking, why do you care? Because we are in the gaming business and gaming is about edge. So everything that we can extract, even though we're in a random environment like the casinos, gives us an edge. And of course, the outcome of any, any time you interact, you know, with the participants in the market, individually and specifically, it's random. So let's look at the first trades. Now, what I share here in the stream are structured trades. And what I do here, so you understand, is show you the trades that are available for you to download. Now, when lose draw, I mean, that's just the way it is. There's no silver bullet. There's no magic eight ball, which there was. There's nothing you can do to predict. All you can do is accept you're in a random environment, that you're in a gaming environment like the casinos, again, my opinion, and act accordingly. And the edge is something that's derived over a large sample size of interactions, not the next trade, the last trade. It's not about the quote, curb fit and making it better has nothing to do with it. If you actually have a statistical edge, you're now sitting with the dealer in the casino. If you're the gambler, you know which side of the table you're on, and you know who has the edge. In the trading business, it's about the edge, not the next trade. It's all of them. Let's go take a look. So, 830 central by time here in Costa Rica. And remember, if the stream goes down, we will try to reestablish connection in YouTube and takes time for everything to recycle. And I will try to reaccess YouTube. If I can't, you'll be able to come to the Bookmap Discord Trader Lab chat. And I will continue. It's just the technical aspect of it. In Discord, you don't have to be a Bookmap subscriber. You would never be solicited. Just want to let you know there is a backup plan. Because in Costa Rica, monkey jumps off the vine, swings on the cable for the internet, and everything gets nasty. So, RTH open. This is called the developing volume point of control. This starts at zero, and it starts measuring the volume. There's more. Let me just go. Remember, overnight volume point of control. This was the highest volume in the ETH. Think of these like shopping. So, high volume is like buying something at retail. If the price is too high, and you can buy it elsewhere at a lower price, you may not shop there. This is what I found so interesting when I first was working actually with Market Profile in the mid-80s. I actually learned it from Peter Stottelmeier. He taught it to me. It was early on when it first came out into the public space. Stottelmeier was a grain trader, CBOT. Anyway, I met him early on. I said, oh, this is the greatest thing, and I couldn't do anything with it. Fun facts, no one tell. I couldn't figure it out. The problem I had was I had grown up on it. Well, first of all, classical bar charting and then indicators. I shared an office with George Lane who created stochastics. So, classical bar charting is measured moves and predictions. Then you go into indicators. Everything is trying to, you're trying to do, we all do the same thing. So, I kind of went down those paths. Then I got smart. I learned Market Profile, and I said, I'll put my indicators with the Market Profile and make it better. Not so much. The reason was I created conflict and inconsistency. The casinos only play the games exactly the same way. They are consistent. We are inconsistent. That's, I think, the problem or one of them. There's a number of them. So, RTH open. This is retail. I'm trading in fractals. So, let's look. So, here's what I know. I open in a gap. Now, right here, I know there's a couple of possibilities. I know this was the last retail price in the ETH, high volume. I know I have the ETH low, which has over a 90% probability of getting taken out, past performance, not indicative future results. I know in the next higher timeframe, this is another high volume area. Think of these as fractals. And the way to think of fractal is Russian dolls, top down, bottom up. So, intermediate timeframe would be this. The recent auction or call it a daily timeframe, except it was in the ETH, is this. So, most recent information. Okay. And we know about yesterday's low. We know we closed on the low and it's ugly. And also, we know FOMC. So, that's all we know. So, and this is a high timeframe also in a fractal. So, this, this is important. Of course, that, who knows, ETH high, who knows, right? This is all the mystery and the joy. This, so statistically over 90%, this to get down here and then wherever. Okay. So, now you know the lay of the land. So, when this opens up, I'm looking at it and I'm going, well, what is going to go? Are we going to gap and go? In other words, gap and, or are we going to counter rotate and come back and check? So, there's no way to know. So, for me, I'm thinking, well, we're not that far away from the gap. You know, it's not that far. It's only a couple points. It's not like gapping 20 points out. So, I want to see if we're going to check this and this and if I, and fill the gap. So, I don't know. So, you know, so I'm thinking, let's see. How do you like that? Let's see. Now, let me show you how this works. And again, these are structured trades and, you know, like everything, it's maybe. Write that down. The best you have is maybe. Why is it important maybe to think this way? This is a variable high volume note. This is what I made up a name I didn't know. You know, I kind of started doing this a long time ago and there was no way to describe what I was doing because I didn't do what everybody else did. So, I didn't know. So, anyway, this is retail. That's where the volume is. The market sells off. In other words, we see our seller. Now, we have more volume here than we had here. This is saying that's too high. Think shopping. I'm not paying that. Volume. Retail. Why? Because the price shifts sound. So, I'm going to label that. I'm going, all right. And I'm tracking this. I'm going, and I do this. I have to do it manually because I haven't written code yet. That'll do it. I can, let's just say, I want to label, does a couple things for me. It keeps me engaged in the market. And I know what this means. I don't know what the market will do. So, too high. Let's just look. Developing daily timeframe. Too high. And right here, here's the key. This shifts down. New retail price. Now, what are we trying to figure out in the market? What's too high? What's too low? What's retail? This is now retail. Is it too low? Now, here's the way this might work. If this is still too high, and the shoppers, think of traders and trading, if you will, is shopping. This is how you can maybe relate to it a little bit better. If we push off of this, and it's saying too high, too high. What do we do? We push in the opposite direction. So now there's another possibility. Is this too high? And we're coming back to check it. And I don't know. But what do I know? Too high, too low, check. If we come back here, and we can't clear, and we fall out the bottom, it's a short in the trader lab. Instead, we come back, we push through. I'm now over this level. And I pull back here. So here's what I know. This might not be too high. I don't know yet. But this might be too low. Why? I cleared it. So it's labeled, variable high volume node. Now let's watch. Is this too low? Market shifts higher. Let's label it. Let's just follow the yellow brick road. This is kind of like, you know, click your heels a few times, and hopefully, you know, you're back in Kansas. Let's watch. So this is my process. I'm just saying it's a way to keep track of shopping, the shopping experience. So this is too low. This is now retail. What might it say? Too high, we went down. Too low, rotated up. Still don't know. If we held this on the way back, it might be a long. We did not. We pulled back here. What is this? Is it too low? There's a bounce suspect. It might be a long. Pull back. This is now potentially too low. This shifts up. Right here is an, I consider this a potential, right here is a critical place, because here's what can happen. If this up here is still too high, look at the alignment. Look where it comes, right there. You can see it there. Is this too high? Is this too low? This shifts up. Maybe too low. Maybe too high retail. Watch. Just watch. Test. And I'm right here. I'm going, you know, it's truly, that's what I'm doing. I'm going, well, I know I have a high probability up here. I also know I've got a high probability here. I also know I've got to take you back. This is high volume, which is like shopping in the retail space, and this is the gap. Okay. So that's what I know. I don't know. Let's watch right here. Watch the symmetry. Too high. This, we come down here. It's like, maybe this is a short. I come back here. Maybe this is a short, but I am conflicted. This is more important to me than these other statistics. High volume is the most important element in my opinion. Now, that changes subject to other elements, but at the open, this was the last location where the high volume was. So if we open below it, it might be on sale and we might come back and check it. This becomes a long in the trader lab or, or nothing, and you're stalking the gap fill and the short. So you have two opportunities here. One is a long to hear or fill the gap, this, this, and a short back to here. And then because we remember at the top of the stream. First, I don't understand. You asked me a question. So we come up and check the overnight volume point of control. Let's look at a potential short. Now, I'm going to take you into microstructure. Now, nobody knows. If you took the long, that's your target and then you're holding. And I know in the trader lab here, microstructure, let's look at it. Here's volume. There. You could see it there. Here's the most important piece of this. If we reject it, then we're going to return here and maybe get here. So let's watch. So if you're in the trader lab, you would already know before the fact your price map and you would anticipate who participate. Now, that's kind of a little saying I have. You've got to anticipate to participate. In other words, you're not making it up. You actually know based on the condition of the market what your trade is. That's what those 60 PDFs are about. You don't know what's going to happen, but you would have a trade plan based on a trade plan based on the condition of the market. That's what we do in the trader lab. Now, the outcome of any individual interaction is random. So right here, let's look at the difference. Let me open this up. I want to show you microstructure. This is kind of how you might underline state alignment. So volume, microstructure, buyer, come back to the structure. This is too low. Buyer, volume, microstructure, too low, volume, we're pushing off, too low, volume, we're pushing off, location, seller, maybe too high. Watch, seller, too high. Now what? Notice a change. Let's look. Now, this is a trigger in the trader lab. Let's look at it. Target, overnight volume, point of control. Change in behavior. Notice the seller. Anybody see anything different here? Up, up, up, up, up, up, up, up. Sell, sell back to the mid. You think it's going north? If that's in your plan, you get long. Me, not so much. Right here, seller, look at the volume. Remember, I'm doing the opposite, volume, buyer, test, volume, buyer, volume, buyer, volume, buyer, volume, seller, now what? Volume is here, test. Trader lab structured short, to where? Where are the stops for the logs? Under the mid, under the VWAP, and what's retail here? So retail in the ETH? I'm not paying that. Are you crazy? I'm leaving the store. Let's go back to here. And then all the logs that are in this leg, their stops are under here. So now we're going for that and down to here. Let's see how this plays. Let's look a little further. Now, so that's your short. Now we have what level? This and this. So if this is too high here, we return, take the logs out here. Thanks for playing. This is when your broker sends you a gift basket. Break down, take out these guys, sell stops, right? Pull back here. Is this price too high? Yes or no? Well, remember too high, I'm not paying that. Break below. Is it still too high? And I have a statistic with over 90% probability. Past performance, not in the future as well. You know, you've got to vet these, right? Next target. Let's keep going. V epoch migration. Too high. This is now retail. And what creates this is the volume. No indicators. What it does, it means, and there's another piece. 4917 is a, and I showed this at the top of the stream. And if you missed the higher timeframe overview, and where these higher timeframe levels come from, if you're in the book map discord, trade a lab, you will have access to this exclusively for reviews, screenshots, and the rest of it, which is what, you know, what this is about. So that's another short. Let's take a look at it. Where to go? Yeah. Now let's look at this. Here, V epoch migration. I kind of came up with this many, many years ago. I don't know, early 2000s, I think it was. I can't remember because it's too long ago. And I started trading using concepts of shopping as a, because I had done system design. And as you guys know, my background, money manager, fund manager, all that jazz. So I was very much system oriented to try to manage dollars across asset classes. I mean, it was just, you know, made a lot of sense. And this is back in the day of swing trading, trend following, their day trading really didn't exist much back then. We barely had domes in 2000. It was all different, you know. So let's watch. So these are additional shorts, okay? But there's more. So all of these are shorts. There's been no long in here unless you took the first long up to the overnight volume point of control. There's two ways to play it. Long up the overnight volume point of control and then short from there. Or a long you don't take, anticipating the overnight volume point of control in order to get short. So where do we go? Too high? Where do we go? I'm not paying that. I'm out of here. Too high. Short in the trader lab. What about this? Is this too low? Maybe. Short in the trader lab. Short in the trader lab. Okay. Let's keep going. Now there's something else. At 9 a.m., central standard time, and I want to thank the team in the trader lab and to Rod for extracting statistics. So you guys understand if you're in YouTube, the trader lab is a group of like-minded traders with a variety of skills and experience. And we come together to leverage that collective experience in order to do better. And if you're in this business, and I've been doing it almost 44 years, the thing about doing better, you never get to where you want to be. Just like any professional is always trying to be better. So here's this liquidity in the book. Notice how it comes in and disrupts and the market comes back up, checks this price. I'm not paying that. This drops down. This is too expensive. I'm not paying that down. Comes back. Tests right there. I'm not paying it. That's resistance in my little world. Why? It's shopping. I'm not paying it. It's too expensive. You ever go to a store and say, I'm not going to pay it? I'm not paying that. All right. All right. Down. Now, IB 30, which is what I was going to talk about. It's right here. If we take out the first half hours low, there is a high probability, past performance, not in the future results and all these statistics, I'm not going to quote them, they're available in the trader lab, that we're going to take this out in the next half hour. So we take it out here. There's another one. If we take this out, there is a high probability that the first hours low, which is here called the initial balance, which is established the first hour slow that we're going to take that out. This is gaming theory, probabilities, not predictions, probabilities. So if you're in the trader lab and you're taking these shorts or you took the short and you've been adding or scaling subject to your vetted trade plan, you're just on the short side, you're adding here, you're scaling. And with these statistics, it's telling you potentially to continue lower. And again, you got to vet these for yourself. Let's see what it does. And by the way, this is a target in the higher time frame down here. Let's see. This is a target right here. You could be out. And this is on the price map. Let me bring you back to this should be on the map, 4903 half. Let's just go take a look. 4903, you can see it, the red line right here, 4903 half. So target. So let's go take a look at these, how it worked relative to the higher time frame. What was this? High volume. This volume in here, all this volume and levels were created as of yesterday. I include all the volume in this consolidation. That's what the volume profile is about. It's the individual time frames, fractals, if you will. And now this is the intermediate. So this was an outside edge. So this was too high. Squeezed out the shorts. Thanks for playing. Downside target. Fair price here. Outside edge is here. So this is the next target. So we're sequentially moving down. Outside edge of this. Now what is this thing? Let me give you 10 seconds here. This is like an outside edge, low volume. What happens at low volume areas? It's an exhaustion. In other words, low volume is kind of like, if you look at the belly of this thing, this is what's called the distribution. All it is is where there's a concentration of volume. Very simple. Don't overthink it. When you run out of volume, if the market moves higher and you run out of volume, it's saying, yeah, there was buying up here, but it exhausted. That's why the volume tapers. If the price gets too low, we can run out of volume because it's on sale and you've ever bought something in the store. They don't leave it on sale. Right? It then tends to rotate back to the high volume. So in this, it too high, too low retail. So if I'm trading in fractals, I'm selling too high and I'm covering too low. That's what volume profile is. And it's not prediction because we're all clueless. The thing about this is we can understand in no levels. We don't know how we don't know if and, of course, we don't know when. So since we know nothing, it is random. You don't know how the market might operate. So you'd be done with your short. Now, where did all this start? Let's come back. Where did it start? Started from here, the shorts. So that's roughly 49, 30 to wherever it is down here. Can't even tell wherever it is. Oh, up here. 49, 30. So let's just call it roughly a 30-point rotation. I hope you're getting something out of this, guys. Does that make sense? Can you kind of see the price map and how using the auction and I don't use any indicators? How can I trade without indicators, you say? Well, I trade without indicators because they were a big problem. That's why I don't use them. I'm not saying you can't. I'm saying I can't. However, here's where we've run into problems using indicators. It's because we think that the market is one size or one behavior. And we kind of tune, tweak, and curve fit who the behavior that gives us big aha thrill and profit, right? Like this, one direction. Call it trending with minimum counter rotations. It's the best opportunity, right? But what happens when it changes and goes into two-sided trade? That's when you give back any of your gains and then you're going to do trade or groundhog day. Let me tweak, tune, and all that jazz. It has nothing to do with tweak, tune. It has to do with not understanding market mechanics and that the market is dynamic and it changes. In the trader lab, we have different trade plans for different conditions. That means the market could trend in the morning and then go into chop. That's a different plan because the one for directional trading won't work in a chop, chop, chop. That's called getting chopped up. Now, everybody takes losses and stops. But where's your edge lie? And can you define conditions or what it's really called is context and adjust to the developing and changing context like here? By the way, what's too high? Variable high volume note. Where's the stops? V-womp and mid. Here's what you have. Too high, V-pock migration. Too high. Right here, let's market. IB, initial balance. This is called the IB continuation trade and is a trader lab structure trade. The target is this. This is not a trade recommendation. This is a priority input. This and this. Here's what I know. This is too high. This is retail. If we are shoppers, which is what we are trying to do as traders, we're basically shoppers. Buy low, sell high. Remember that, right? Sell high, buy low. Or it's high. This was too high. The volume is down here. Now, what we don't know, and this is, by the way, an aggressive location, why? V-womp and mid. What's above the V-womp and mid? Buy stops. So, if you get involved here, you're going for this and you've got, I'd say, more risk of a squeeze. So, if you got, and this is fine, you can trade this if you have an edge in this. Why? Too high. Retail. I'm not paying that. I'm not paying that. I'm not paying that. Micro structure. Let's look at the micro trigger. Here, micro volume, location, seller, pullback, seller, pullback. These are, that's a potential short going for this. And again, it's problematic and it has to have an edge. Remember, I don't call trades. I do share the trades with you. Individual trade plans. See the thing you, and this is something that takes, this is where the work is in trading. It's not sitting here doing this. That's all done outside of real-time in the sense of where you trade. Trade plan is all done outside. You would know if you're in the trader lab whether or not this is a trade you should take. And this is the target. Now, target means if I put a trade on here, my stop goes here, me and the rest of the planet. Write this down. Think like a retail trader. Don't act like one. This to me has more risk. It doesn't mean I don't trade it. It just means everybody, retail, has their stops here and here. So what do I know? If I come back up here, then there's by stops and those are by yours and will squeeze. So I have to be aware of that. Do I want to put risk on here but a stop here with the rest of the planet? That's a tough question. I don't have the answer for you. So this is a technical short and maybe not. So now when I say structure trades, these are the structures. You have to vet them. Think about setups or structure trades like games in the casino. The casinos only play games that have an edge. So does this have an edge with this and this? It's a tough question, isn't it? The only way you know that is by looking at 30 to 50 situations that are like this where you are selling the VWAP. In other words, VHVN, variable high volume note, the V-POC is the trade. By stops are here and here. You need to analyze this with this condition and do you have an edge? It is a structured trade. It might not be your structured trade. It is a structured trade. There's another piece of this, by the way. We have multiple setups here. Let me explain what they are. First of all, there's a couple of them here. I am negligent. 930 is the initial balance. Remember I gave you there's a high probability statistic. Off we go. You got your target down here. Don't forget that too. Let me show you this. There's a couple of trades here. We come back so this, is a potential short here to there. That's one. That's called the IB continuation. We come back up. We squeeze this. There's stops here. We come here, chop. You get V-POC migration. Too high. This is an IB continuation trade. You can't get into it. This is too high. Watch. It's the IB continuation. You have a structured trade here and here in tandem. Now you're going for this. Let's just see if it works. Nobody knows. This trade is short in the trader lab. We're going to watch this. This is real time. It's either going to go here or take these guys out. What is the job in the trader lab? What do you do? Now the trader lab, and this is something you have to vet. Everybody's different. What you need to be doing is what is the probability that if you took a short here and you entered, let's say here or here, wherever, and your stop is here to cover the distance from here to here to get risk neutral before taking a stop. Your risk, if you use the minimum two-lock configuration is going to be, of course, up here with everybody else. High risk in my opinion. Of course, what's that matter? It's random. The distance from here to there is the same as the distance from here to wherever that is. One contract in a two-lock configuration would be used to get risk neutral. Now your stop stays here. Now, what are the possibilities? You take a full stop and welcome to trading, cost of production and overhead if you think like gaming in a casino business. If you think like, oh, I need to be right and oh, it's terrible, wrong business, then trading might not be for you. The casinos do not go behind the wall and cry when somebody loses or when they lose money, they go up, cost of production and overhead. Come on in. Maybe you'll get lucky. How do you think they extract their dollars from the gamblers? Large sample size, not one hand and for us, not one trade. And it's hard for us emotionally to separate ourselves, of course, from the outcome of any one trade because we're emotionally wired and connected. I can assure you the casinos are not behaving that way. And that must mean something, doesn't it? So you'd get risk neutral and then this is your target and then you're holding. That's it. So the primary trade is risk neutral to here. Is this too low? Well, this is too high. So now we're going to try to find out is this too low and what about this? And we have liquidity resting in the book. So this was our target. It doesn't mean it's the end of the world or anything. It just means it was a target. We've already achieved it. So I know this and this is called mean reversion outside in trading. This is the mean. So this is a different trade plan, you see. This trade plan still is short only at the moment and we're trying to come back here. So don't know. So the goal again is first contract covers the risk from entry to failure. So the words that happens as you scratch and your broker sends you a gift basket. This is a trade. This is a target and it's not a recommendation. Anybody have a question? How are we doing in YouTube? Everybody conscious. So we'll see what this one does. And by the way, in the end, all of these have to be vetted and you have to kind of do your own thing. That's pretty much the way you need to be thinking about this. You know, for example, does this trade give you an edge to get here? Or because of its location is the probability of getting squeezed out. You see, that's where vetting comes in. And I can't say what you should do, but I know what I do. I get risk neutral or take a full stop. And that's as deep as it gets for me. So that's why the two lock configuration. And then if I scratch, now here's the other part. Where's my next trade? Well, if I get risk neutral and I scratch what's above me mid VWAP and what's here retail trader behavior by stops. So then my outside edge, potentially, or retail that was too high that I left behind is out here. That's what I know. I got this. I got this. So that's my alignment. And if I push over this, I'm potentially out here. Remember, volume dries up too high. Come down. Volume dries up and I don't, doesn't necessarily look like we're done, but that's not my job to predict because I can. So I just know the distribution of the volume. So let's see what it does. The important thing in all this is you could trade anywhere you want if you understand statistics and edge, but you also got to understand retail trader behavior. There's buyers here, stops here and here. So this trade is, and the point I was trying to make is it's not that you can't take the trade. You've got to understand that it's a vulnerable position because of retail trader behavior. In fact, write this down. Think like a retail trader. Don't act like one. I'm okay with this. That's my target. You see the risk reward works for me. I can, you know, that's almost a 10-point trade. I can do that. If I get risk neutral, I can do it. And of course I can take a full stop. By the way, if I get short here, my stop is basically here. VPOC migration. Warning, Will Robinson moment. Too low. Volume is shifting. That is saying that's too low. This is retail. We're back here. So now this has to push off here immediately, which I kind of doubt, but I don't know, because now if this is retail, that's too low. Where's the buy stops here? So right here, it's either exit stage left, right here. And right here is like a, call it a fault criminal of sorts. I think we're going higher. It's not a recommendation because I have no clue. Right here though, it is saying this is too low. Look at this like a distribution. Like too low, too high, or here, too high, too low, too high, too low retail. And now that's too low. Well, let's come back here. This was too high. We checked it here. Too high. See you later. Now too low. Shift up. More volume. Remember shopping. If that's too low, this is retail. Buy stops are here and here. This was a concern for the short. And right here, we're either going to push off or squeeze. I still think the potential is to squeeze. I don't know. But you know what's so nice about this? In the trader lab, if you have a vetted plan, you would be risk neutral and you're saying, okay, now right here, you have choices. You can bail out right here or you see how it resolves. It looks like it's resolving upward. So this is microstructure. We got to watch this right here. If it breaks down, potential to continue. Potential though is to go up. Not a recommendation. So this trade would be over. It's not a big deal. You probably get a happy meal out of this. And given the way the inflation is, with the Big Mac index, maybe you'd only get half a meal. Are you guys tracking? How are we doing? Hi, Custello. Yeah, yeah, yeah. DK, every all the volume in the market, retail traders are just part of the financial food chain. I mean, everybody's in there. Algos, HFT, higher timeframe, I should say, higher timeframe traders, market makers, hedgers, doesn't matter. We're all in there. When I say retail, I'm not talking about retail traders. I'm talking about volume. And if you consider high volume is a retail price, the equation, if you might want to think about it is in a store. See, traders are shoppers. If you think about it, when you go to supermarket, you're a trader. You buy low. And if you're a seller of a product, you want to sell high. In between to create high volume of too low and too high is retail. That's what I, when I say retail, retail creates high volume. Now remember, right here was key, right? Too high, risk neutral, your stop is here. I want to drive a simple point home. So this, too high, retail, this was the target from here to here. Now again, I have no clue. When this shifts up, this puts the short in jeopardy. Because it's saying too low. The nature of this, and I remember, now here's the point I want to make. Remember I said, I think the trade is going to be taken out. That's my emotional response. What does it have to do with the outcome of this trade? Nothing. That's what makes us punch out of a trade. And because we are wiring and I feel it myself, I am wired to run from the saber tooth tiger. I am wired not to lose. So are you. But what is a trade plan? What does it happen to the casino? If the dealer is playing Blackjack and, you know, the gamblers are turning over great cards, what does he do? Just throw his cards in and just stops? He plays the game out, doesn't he? Because that's the way you extract your edge over a large sample size. He doesn't change the games. I'll screw it. Forget it. Let's just go on to the next one. You guys won. Nope. Well, it's the same as this. I'm not going out of heck with it. I'm bailing out here. Why? Because it hasn't rejected this. I think it's going to take this out. And it might, always might, can do anything. What has changed? Nothing. So if I get risk neutral, my stop is above here and I quote, anticipate, expect, expect to get stopped out. What happened? I didn't get stopped out yet. Still might. Nothing has changed. Where's my target? There. That's this trade. I got to mark this, by the way. And then it's whatever, whatever. Random. Are you guys tracking? I feel the same things you do. And the reason I do is I'm built the same as you. Fear and run from the danger. This is danger. Stops are here and here. It's danger. By the way, selling iceberg. He's sold there. Let's see what happens. Absorption down here. So we got absorption here. Buy icebergs sitting out here waving. Hey, Louie, fill me. Too high. Let's see what happens. This is just one trade to the trade to let this is, you know, this is just one of the many, many trades you would take. And there's more. You said, really? There's more. So this is too high. This, right, was the short. This is a structured trade in the trader lab called the IB continuation trade. It's here. This now is retail. It says this is too low. Oh, I'm going to get stopped out. What happens? I don't yet. Tell her too high. And this is still the target. Nothing has changed. And then maybe this or not. Doesn't matter. Are you guys tracking? You know, Costello, we can't serve alcohol to the other participants. But in many ways, we are all under the influence of our wiring and our fight and flight and fear and impulses and chemicals in the brain. You know, the limbic system, you know, which has worked well from running from the saber tooth tiger on the savannah does not serve us in trading where we have to run into the fire. So the things that go off in our head and the chemicals that causes, you know, it's almost like Jekyll and Hyde, you know, and you bring up a good point. We are under the influence when we trade. We're under the influence of the limbic system. I call it Jekyll and Hyde. You've all heard the story, Dr. Jekyll and Hyde. Dr. Jekyll, logical, you know, scientist. And then Hyde was the unbridled emotions that would obscure the existence of Dr. Jekyll. And there was no control when we are trading. It's kind of a fight between Jekyll and Hyde. And that Hyde is the wiring or the emotions, if you will, the limbic system that is unleashed. And all of a sudden, there's somebody else sitting at the controls, if you will, or clicking the mouse. Oh, I'm going to get out. No, I'm going to get in. I don't want to miss it. You ever lose it? What's happening is it's the chemicals. In a trade plan, the reason we have trade plans and the reason we'd work on them consistently and incessantly in the trader lab is to overcome that wiring, which takes many retail, and I would say even most retail traders, even if they even understood how this business works, takes them out of the business because they lose control. How many times you said, I'm not going to move my stop, then you move your stop? How many times you said, I'm this time, I'm not going to do it, then you do it, right? Same thing. Target? Are you guys tracking how we're doing in YouTube? And by the way, I have no idea. Doesn't this look easy? You know what's hard? Not this. It's putting the trade on, not bailing out here. There's a target, and now you're holding for this, or you're done, and this liquidity. Is everybody with me? Are you guys getting something out of this? By the way, if you find this interesting, there's 60 PDFs of these structured trades you can download in the Bookmap Discord Trader Lab chat, and then you reverse engineer. There's also all kinds of statistics that Trader Lab participants have extracted and vetted. If you find that interesting, yeah. If you're in YouTube and you get something out of this, please give a thumb up. It's the only way that this stream is going to continue is if we actually, if Bookmap thinks that you're getting some benefit from it. And if you're in the Bookmap Discord Trader Lab, we do need you to participate. So what was our target there? So this is real-time narration, which I don't get time to do. But by the way, if you want to see, if you're in YouTube and you're visiting, you can go to the Bookmap Discord Trader Lab chat. There's a link in the bottom of YouTube, and there's 60 PDFs of these structured trades that you can download and think about. Reverse engineer, make them your own. The other part is there's a library of webinars, some up to over four hours long of real-time narration. Now, this is just a real-time trade, you know, that I narrated. What do I know? And I'm going to always say, I'm clueless. And if you don't think you're clueless, then you're starting to predict. And I'm going to tell you, the dealers or the casinos realize they can't predict anything either. But they do know they have an edge. So they just play the games the same way, and there's no variable inputs. And I cover this in my primer webinar, which I invite you all to watch. This is the first thing you should see, because then you'll get a better understanding of how the business of trading operates, which is really the business of gaming. It's not the business of prediction. And I know what we do, because we've all done it, and most retail traders never grow beyond trying to curve fit and tweak and create certainty because of their wiring to avoid risk. See, we all have to accept who we are and what we are. We are human. And running from the saber-toothed tiger is a great solution back in the savannah. It does not work here. It is gaming. And when you believe, because you're a gambler, that all you have to tune and tweak it, that's what gamblers do. And the problem with having beliefs that are not in alignment with the business of trading or gaming is that that random outcome of winning at times is what keeps you believing you're on the right track. And the way you can tune and tweak is called curve fitting. And that is just doing the same thing that most retail traders do, and we know the outcome for retail traders. And think of the thousands and thousands and thousands of traders have done exactly the same thing you're doing. I call it Trader Groundhog Day. And the reason I can talk about it is I've done it, and anybody who's been in this business has done it. The thing is, if you can recognize what works and what doesn't work, if you're trying to fix a defective process from a gambling side of the table, you're still the gambler. How about thinking about it from a different edge or different viewpoint? The casinos don't change the games. They are not using random inputs. They're using something called an anchored input. In other words, Black Jacks just played the same way. Seven cards, boom, they cut the deck off a go and whatever happens happens. And the reason the casinos are confident in the games or shall we call them structured trades that they play, same thing, is because they claim exactly the same way in a random environment and they are clueless. They don't know what's going to come out of the deck. They don't know how the gamblers play the cards. They know nothing except they have a game with an edge. They cannot extract the edge if they're changing the game, which means they don't curve fit, they don't tune, they don't change, they don't fix, they don't do nothing. What are the gamblers doing? The opposite. Why wouldn't the casinos do what the gamblers do? Huh? Why don't you ask yourself, why do retail traders curve fit? Why do professional traders anchor? Watch the primer web bar and then maybe you'll get a better understanding of gaming theory versus randomness times randomness. If you have random inputs with multiple time frames and you're tweaking, tuning, you know all I'm talking about. Who are you? Which side of the table you're sitting on? Should you expect a different outcome from everybody else's walked in your shoes who are doing the same thing? We all believe we're going to find the holy grail. It's just hidden in the minutia. You know, let's put more indicators on and in this complexity to squeeze out risk, which is part of our survival instinct run from the saber tooth tiger deal. All of that is what drives us to make decisions and have beliefs. Those beliefs are not necessarily, and I'm going to say probably, and that means probabilities, probably in alignment with gaming. So if you're not in line with gaming, why should you expect a different outcome than the one you already have? It's something I want you to think about it. I'm not saying what you do is right, wrong or anything else. Okay. By the way, let's come back here. Now remember, where was our short? Here. Scale. Stop here. V poc migration. Lewis, the world's gonna end. Where was our target? Here. Here. Too high. Where's our target? There. Do you notice this is a structured trade? I hope you're getting something out of the stream. I hope this was narrated in real time, and that's all I can do and do the best I can, and we understand anything can happen. Right? So I can't predict the darn thing. I wish I could. I would skip the trades that don't work, but I'm like the casino in the sense that I only can get a yield if I'm willing to take the risk. And instead of being a personal failure, because I can't predict anything, it's overhead and cost of production. It allows me to try to separate myself emotionally from the outcome. It's not about right, wrong, or prediction. It's about maybe, and it's about randomness. Is it random that this was my target, you ask? I'm gonna say the outcome was random, but not the reason. Can you learn this? Yes. Where could you learn it? The trader lab. Will it work for you? I have no idea. What do you have to do? You gotta invest the time. And this is a language of the market. I don't use any indicators. You'll see some sitting here. I don't use them. I don't need them. I can use them. If I choose, I don't need them. This has nothing to do with any of this spaghetti down here. I put it on here because it can be used. But here's the thing. Do you, where do you prioritize your input? Is it a oscillator? Is it divergence? Is it a moving average? What? How do you know when the market is in a downtrend and you get a counter rotation? Is this a long or are you stalking the short? Do you know that this is an area and a structured trade that's here and here against here to get to here? If you're in the trader lab, you'd know that. Now, you don't know the outcome. You see, you would know the trade. Then you are anticipating the behavior. If it never comes back here, because right here, right here could have been a short here. But why wouldn't it be? Because this was our target coming down. You remember that, right? If you're at the top of the stream, so we are putting pieces together in fractals. Or as you think of them as time frames, what's going to happen? I have no idea. I'm long past predicting anything. I also wanted you to understand how I felt when this happened. When this shifted up, this is an indication for me to, this trade's going to potentially fail, right? And I, right here in the stream, I said, this is what's going on. But where does it fail? Here. Right here, your stomach is doing the flip. Right here, you're going to bail out. How many of you, if this is where the trade fails, would push the plunger, bail out, pick up a happy meal, and miss the move to the target? Let's be honest. You don't have to tell me. Answer the question for yourself. You see? Is everybody tracking? Are you guys tracking in YouTube? You're getting something out of this. Give me a thumb up in YouTube. That's the price of admission, or at least visiting. A thumb. And the reason I'm asking actually humbly is because the only way this stream is going to continue is if bookmap sees that you're receiving value. That's it. And the thing is, I don't get a best demo trader. We're all shocked, right? Yeah, please hit the like button. There's a button. Thanks, DK. Down in the bottom of YouTube, there you'll see like, please hit it guys. And if you're on your way out or anything, please hit it when the stream ends. And remember, there's 60 PDFs of structured trades you can download. Just going to show you then we'll go back to real-time narration, but they look like this. Circles, arrows. These are, and I did these. I'm not a vendor. I don't, there's no anything. There's no course. It's a community. Why? And back at the time, I was working with bookmap developers. This is from 2021. This is like 2020. I didn't do these with any intention that anybody else would see them. I just threw them in the, because I was getting a lot of questions. What do you do it? Well, this is what I do. Nobody knows about my background. Doesn't matter. I'm just same as you. I just had more opportunity to hit my head against the wall. I started in 1980. And there were no, there was no order flow, no domes, no nothing. You picked up the phone. You called your guy on the floor. How's it going? Where's the paper? That kind of thing. Time stamp, write out your order on a piece of paper. Time stamp it. Call the clerk and signal it into the pit. Wait to get your fill back and, you know, and then you'd write it down on time stamp it. That was the business. That's when I started. So here, so there to there. Here it's going to fail. Now it didn't. Why? Stop there. Brain going off. Jekyll and Hyde. Hyde grabs the mouse. Pushes out here. Why? So you could save those two ticks. Miss the target. So I don't know about you, but I'm okay with this. You know, basically call it 117512. But here, 767 point trade plus the scale. So you're probably in about, you probably picked up, this is on a two lot of $400, $500 trade. What's wrong with that? In the shorts we had from up above, we're almost, what were they, 20 points or something? And that's assuming you never add it, which is also part of a potential trade plan. So I hope you guys are getting something out of this. And I invite you all to visit the Trader Lab if you haven't done it. There's a lot of material here, not to mention about 26 webinars of real time narration, higher timeframe, transitions. One of the things that's really hard, and most retail traders are one size fits all crew, you know, hey, I'm going to catch every big rotation down. Meanwhile, what do you do with this? How do you, what do you do? Are you going to be selling this? Are you going to be selling this? Are you going to be buying that? That's what we think the business of trading is, right? I'm not saying you can't do it. I'm saying I don't do it. So if this is too low, and this is too high, and we have buy stops here and here, what do you think is the next possibility? Where's our next potential trade? Not a recommendation. Here, if you're in Trader Lab, and this is not necessary, this is not mechanical. What has to happen is, just like what happened here, there's the location. Where's the trigger? That's fractal. Think of Russian dolls. One of the things, you know, most retail traders are time-based. I get it, 15 minutes, you know, there's five, four, three, two, one, hunt, you know, pick charts, that doesn't matter. You know, all that's all the same stuff. It doesn't matter. The thing is, we think in time, and I used to do that too. You know, I'm the same as you. Whatever you've done, I've probably done it. I've done probably more than most of you've done, and it's not anything more, because I've had more time to do it. You know, started in 1980. You got a lot of time to beat your head against the wall. And I did system design. I worked with, if you've ever heard of Omega Research, I used a process and a product before a predecessor to Trade Station. It wasn't even real time. It was end of day. And I, so I have a lot of background. I shared an office with George Lane, who had actually invented stochastics. And I remember early on, it was Wells Wilder. I mean, I'm just going back a little bit to say, I've gone down so many paths because they looked right. It was, aha, finally got it. Oscillators, RSI's, Divergence, DMI, ADX, you know, all this stuff, pick it. Envelopes, Bollinger Bands, Keltner Channels, Fibonacci. I'm only saying it, and then Timeframes. The thing about time, it has nothing to do with participant behavior. Let's take time and change it slightly and use the term fractal. Because what happens in here is not regulated by a clock. That's a human invention. The market is based on participant behavior and interaction. It's an auction. What's too high? What's too low? What's too high? What's too high? Same thing in a fractal, Russian doll. Break, selling structure. This is our entry. This is an entry also. Break, that's a short in a fractal. There's a target. You see, so anyway, the trend is down. So at the moment, it's for me. Now, there's other traders, so you know, who are just, you know, I don't know, whirling dervishes. Sell this, buy this, target this. I mean, I don't know. You know, for me, I can't operate like that. I'm just not, you know, and why would I not if I could read it? Why wouldn't I do that? Why wouldn't I do it? Risk reward. My risk to get short here and here is the same, and here is the same to get short at the high of the day where we had that location, the ETH up here, right? This was the original short to there. And I'm putting the same risk on, there, is I put on here. Why would I get long here? Now, I might get long because we know FOMC and all that jazz is coming up. And if the market is short, you'll get short covering. And where's the stops view up and mid? Is this a smart trade? I don't know. It's not my trade though, because my risk from here to here. Now, I'm okay going from here to there, because I have a downtrend. But I also mentioned in the stream, this was my target for that swing. So I'm going to there. Why is that? Because I already hit my outside target. And this is not necessarily the low of the day. This is just now. Hope you're getting something out of this. And again, if you're interested in this process, remember, I don't use indicators, it doesn't mean you can't. But here's the thing. If you understood how the market works and behaves, not based on an indicator, but based on participant behavior, in other words, auction, and you understood it, and it takes time, believe me, this is like reading a language. Every speak, try to learn music or speak a foreign language. You don't just read a book and now you're off and off you go. Nope. You got to learn it. You got to invest time, takes time and brain damage. And if you want to speak a foreign language, so you learn the language, you understand how the market works, you understand its gaming and anything can happen. Now the other piece of that is, if you use indicators and you understand market mechanics, now can you use an indicator when it's in alignment with the condition of the market? It's kind of like, does the tail, the indicator, the tail, wag the dog, or is it the chassis and the dog? And you can use an indicator to help you with timing. Let me show you. And remember, if you're interested in what we do in the Trader Lab, it's a free community of like-minded traders. And there's a lot of resources, 60 PDFs of these structured trades. You can download and reverse engineer in a library of webinars. There's a link in the bottom of YouTube. You go to the Bookmap server, say hi. You won't be solicited by Bookmap. You never, now ever, never, and you don't have to be a Bookmap subscriber. And there's a lot of additional free education stocks, options, crypto. Let me try to show you this. This is CBD or Delta. This is Market Pulse. Let's see if I can come up with some here. Now, you know, I don't use indicators. Let's see if I can see the short. So this was the location, right, for this. What do I have? Markets coming up. Let me try to get this. I don't use this, but I do think it can be used. The problem most retail traders have is that they think this is what trading is. Oh, it's an indicator. No, it's not. It is alignment. Here's the location. Here's the alignment. Here's the buyers in this leg. Here's the Market Pulse showing this is CBD. The Pulse is here. It's showing me the pressure in the order book and it is too high. Now, you notice it's not right on the point. My trade is based on this, which is what I narrated in real time. You see? So this is your entry, right? So right here. So if I'm using Market Pulse, I'm seeing the buy volume and I see no progress. So this helps with the short. Now, the fact that it shows me that it's oversold here, is that a long note? This is what retail traders do. What does it show me up here? Overbought, little green, right here, Market Pulse, retracement. This shifts up. Warning will rob in some moment. It's either you're in or you're out. Seller, back to here. Does that make sense? Anyway, I hope you're getting something out of this. Please give a thumb up on your way out of YouTube. Remember, you can access the 60 PDFs of these structured trades so you can reverse engineer them. The Trader Lab is a group of traders looking to leverage their collective experience. Be sure to watch the primer webinar first. It gives you a high-level overview of this process. There's over 27,000 views of that, so it must resonate a little bit. You're welcome to look at it. It's all free. Also, there's a library of webinars. I'll sum up the four and a half hours long of real-time narration. The thing that's hard among everything we do is not understanding how the market works, why it does what it does, and also that we're in a gaming business. We're not in a prediction business. Everything we do, typically, is based on our emotional wiring. We're not even conscious of it. Zachariah asked a question, and I do have to log off. I'm on a schedule, and Bookmap does not want me streaming beyond noon, so other streamers have time. Please give a thumb up again in YouTube if you got some value. Visit the Trader Lab, and the thing about trading is to understand we're in gaming. That's all I can say to you about it. Any last questions, guys? Okay, guys, thanks again. Keep an eye out for the squeezes, Teria. Why do we think that? Too low. Retail. Where's the buy stops? This was what my concern was about when we had this, and it was either back to here or squeeze. So what do we anticipate now? Buy stops, buy stops, VWOP, mid. If this, then that. If not, then what? Follow the yellow brick road. Hope you got something out of this again, guys. Thanks for visiting the Trader Lab. FOMC, so wear a helmet. If you don't have a specific plan for trading this kind of news, it's best not to subject to your plan. Take care. Thanks again for visiting Trader Lab. Appreciate your interest and time. Don't forget there's a link in the bottom of YouTube if you want to come to Trader Lab, download all the materials, and then it's a great community of like-minded traders. It is a serious community. Looking to leverage our collective experience. We're all trying to get better. If you want to get better, you might want to visit Trader Lab. Maybe it'll help. Maybe it won't.