 Welcome traders. Just going to give this another 30 seconds before we get going here. What I'd like to do before we start is just a quick audio and visual check if you can hear me. Do you can see the Tick-Mail welcome screen? Could you type a Y in the chat box please? If you can hear me and you can see the Tick-Mail welcome screen. Could you just type a Y into the chat box? Testing audio one, two, three. Thanks Adam. OK, that's 2pm British GMT time. OK, we are going to get started here before we jump into today's presentation. Just important to adhere to the risk disclaimer. Trading futures and options comes with a high risk of losing money due to leverage. Always ensure you understand these risks before trading. So for those of you who are here for the first time, a brief introduction to myself. My name is Patrick Munley and after I graduated from King College, I joined a city PLC consulting firm. I left with some colleagues and went on to successfully co-found and exit a consulting startup which was focused on C-suite executive search for technology businesses. Essentially I had a front row seat to the dot-com bubble, witnessing people make and lose the fortune in the markets quite literally at times overnight. I decided to explore my curiosity for markets with some capital to play with and some time in my hands. I started day trading the S&P 500 or probably more appropriately day gambling. After some early beginners luck, I racked up some pretty solid gains. However, as is often the case, my beginners luck ran out. As the market phase changed, I began to average down into what would become significant losing positions. I gave back all the gains I've made and ultimately took a six-figure financial hit to my capital. Say this was a gut wrenching and sobering experiences and understatement. I really have to stamp back and figure out if it's feasible for me to make a living from the markets. So I decided to get serious about trading and sought out a mentor with an excellent trading track record. Working with my mentor for a period of 18 months to two years, it was a time during which I upped. It was a technical game in terms of researching, developing extensively back and forward testing strategies that most crucially suited my personality and all of which were underpinned by a rigorous risk management approach. But most importantly, during this period of mentorship, I significantly developed my mental game. And probably most importantly of all, I made the watershed shift from being a highly goal orientated individual focused on financial gains to becoming purely process oriented. What do you mean? Well, it means I had to stop focusing on what I could make from the markets and start focusing solely on managing my mindset to allow me to consistently execute my trading strategy. Oftentimes in the face of negative feedback from the markets in the form of losing trades. But once you become process orientated and you have a professional trading mindset and you understand the true nature of trading in being really a numbers game in which you're simply playing the probabilities. The emotional investments and that hellish emotional rollercoaster of living and dying by the outcomes of individual trades. So I'm no longer concerned with the outcome of individual trades or even a small string of trades my focus on the next 100 trades, because I know if I focus on excellence and execution, my edge will demonstrate itself over an extended series of outcomes. The approach has delivered profit blinding returns since 2008. Since 2013 I've also been managing investor capital through a managed accounts vehicle delivering again annual positive returns. I'm currently responsible for managing a multi million dollar portfolio. Since 2010 I've mentored hundreds of private traders of all experience levels from complete novices to former CME fraud traders in developing the technical and most extremely mental skills to reap consistent returns from the markets. In addition to my fund management and mentoring I'm resident market expert exclusively providing in-depth daily technical breakdowns and assessing the fundamental drivers from the day ahead. I also provide tick mill with trade ideas focusing on three to five markets a day that I'm tracking with opportunities that are developing through the tick mill trading view account you can access that and subscribe to follow those setups on a daily basis through your trading view account. And most recently I have been responsible for growing tick mills E-mini strategy group where I provide a daily specific trade plan and intraday updates and alerts. Since its inception in April it's delivered over 1400 points of profit. Now this is an example of the daily trade plan it's a two to three minute video in which I highlight the setup that I'm looking to the two scenarios I'm looking to trade from day ahead and give the specific levels and how I'm looking to play the market for the day ahead and post that into the Facebook group on a daily basis. It's free to access the group you just have sent through a member request. I'm just going to quickly put that group into, there's a link in the chat there now for you to request access and you can access the daily setups. I also provide some snippets of institutional research that I have access to and like I said I give the daily plan and that's delivered before the market opens so you've got ample time to set up your charts and get ready to follow along. I've also you can also get my chart template up here at the top that should be pinned. In one of the in one of the featured posts there you can actually get my exact chart template put onto your charts and then for those traders who are looking to advance things to the other and who are really serious about mastering the e-mini S&P on a daily basis and looking to take their trading to the next level. We've recently launched a telegram group. Telegram group is where I give the in real time the trades I'm taking and how I'm managing those trades. I've also done through a live stream during the opening hour of the cash session in New York Tuesday, Wednesday, Thursday, and then outside of those times I'm updating the telegram group with exactly what it is I'm doing and how I'm looking to trade and how I'm managing the positions. So just in November alone there did 123 points of profits 7.4% of upside just just for the November month. So that gives you a flavor of where I'm coming from. Brief piece of housekeeping, if you have any questions as we progress through today's presentation, you just want to make a note of those, and then I will. I'll do a brief Q&A at the end of the session, and I'll cover off any questions that have been posted in the chat or into the Q&A box. Just pop those in there as you think of them if you think if there are any questions as we progress through the presentation. So moving to today. So what we're going to be doing is, I'm going to basically introduce you to the E-mini and Micro S&P contracts. In today's session I will also introduce you to the instrument structure and its advantages along with highlighting some unique market mechanics that really enhance the trading information for this product. I will also introduce you to my core trading strategy for the E-minis and demonstrate how you can consistently use my pre-market analysis to read consistent returns. The E-mini or the E-mini or the ES or the Spooze is a futures contract that essentially tracks the S&P 500 stock market index is traded on the Chicago Mercantile Exchange by their GLOBEX electronic trading platform. Trading is 23 and a half hours a day, five days a week using the contract symbol ES. E-mini contracts are available on a wide range of US stock market indices, commodities, cryptos and forex currencies. However, when traders refer to the E-mini or the E-minis they generally referring to the most liquid contract of all and that's the futures contract that tracks the S&P 500 stock market index. The futures were originally launched in September 1997 to attract non-professional investors into trading index futures. Previously the only game in town had been the large S&P full contract but it had become too expensive for the little guys trade. So the CME created the E-mini contract which was one-fifth the size of the large S&P 500 futures contract and it required only one-fifth margin to trade. This only became a huge success not only with non-professional traders but also with professional traders too. The micro E-mini futures contract is the same as the regular S&P 500 E-mini contract in every respect except it's one-tenth of the size. That is each one point of movement in the S&P 500 index is worth $5 per micro E-mini contract compared to the $50 for trading the E-mini. The margin to trade in micro E-mini contract is also one-tenth of the size. So let's look at the benefits. Well it's equally easy to go along as short you either buy or sell the current E-mini contract and there is no uptick rule. It's a 24 hour trading environment which makes the E-mini attractive to traders around the world. Overnight moves in related equity markets like the DAX or the FTSE can be played with the one trading vehicle. The trading platform so your orders are entered instantaneously and when executed you're notified instantaneously. Changing and counselling orders is trivial no need for phone calls to brokers etc and you know exactly where you stand every second you're in the trade. It's a level playing field and so far as the Globex electronic trading platform means that large and small traders have equal access to the market and trades are executed in the order they are received. It has tight bid ask spreads because there is so much volume traded through the E-mini. The difference between the bid and the ask price is only ever one tick or 0.25 index points which is the minimum price movement. It has a large depth of market again because this contract is so liquid there is plenty of room and volume either side of the last traded price for large orders to be filled with minimum slippage. It's volatile at times indeed but it's not unmanageable the E-mini is very active every day which gives the day trader plenty of opportunities to trade. Remember it's pretty difficult to trade a sleepy market on a daily basis but the E-mini volatility is also manageable and except around some key data releases the FOMC, non-farm payrolls etc. One of the most attractive things about the E-mini and the E-micros are the low brokerage rates broker commissions for trading E-minis and micros continue to fall. This excludes exchange clearing and regulatory fees and when you factor this in your round trip or in our brokerage commission is very attractive. It's got a low market margin requirement. So to open a day trading position with tick mill you only need a thousand US dollars to open a micro account. Remember these are the absolute minimums and really should be trading with more capital behind your positions. It's a lower tax rate than trading forex or stocks income from trading E-mini futures is taxed as a capital gain. There's no trade by trade accounting. Another advantage of the tax treatment of the E-mini futures is the tax reporting requirements are minimal. In particular, like I say, no trade by trade accounting only the net profit for the full year is needed. So now we understand the instruments and the trading venue. I want to demonstrate some of the unique aspects of this contract. The fact that the E-mini is a derivative of the S&P 500 allows us to access some unique information commonly referred to as market internals. Market internals are often compared to the instrument dashboard on a car giving indication of performance and alerting the driver to any issues occurring under the hood. So let's take a closer look at what market internals are and how we can incorporate them into a consistent trading strategy. First volume as a unique feature of trading the exchange trader derivative as opposed to a contract for difference or forex volume data, which is at best incomplete. There is no central for an exchange and the banks who dominate forex trading don't share volume data in real time. However, we get a true reflection of actual volume which is direct shared directly by the CME available to all market participants in real time. I use volume as a tool to confirm breakouts and opportunities to fade the market spikes in volume will often be accompanied by intraday profit taking. Next we have the NYSE tick. This tick index gives us the relationship of stocks ticking up versus ticking down. The tick is an extremely useful tool for intraday traders. For example, if there are 3,000 stocks trading on the New York Stock Exchange and 1500 trade higher from their previous price and 500 trade lower, then the last price the tick will read is plus 1000. When using the tick, we are looking for extremes to enter or exit a trade tick readings of plus 1000 or minus 1000 are considered very strong as we typically train between the 1000 levels, most of the time on New York Stock Exchange. Tick readings within the 400 bracket indicate sharp and we want to ignore them. On a range day, we can look to fade ticket streams. I apply a moving average so it's easier for me to see the trend distribution of the tick for the trading session. Another great way of using the tick is that when we get a high tick and a high in price at the exact same print, this more often than not will indicate the high of the day. When a high tick prints without a simultaneous high in price, we can continue to make new highs until a new high tick is reached and the reverse is obviously true for a low tick followed by new loads. Next we have the advanced decline line or the AD line for short. This indicates it tells us the net sum of advancing stocks minus declining stocks. There are roughly 3000 stocks on the list on the NYSE and 3000 on the NASDAQ and AD line reading of plus 1500 is very bullish and a reading of over 2000 is extremely bullish. On the flip side readings of negative 1500 and below are very bearish and readings of negative 2000 are extremely bearish. These extreme readings are indicative of trending days, when once the market opens it just continues to trend all the way into the close. We look to the AD line in conjunction with the breath ratio to confirm these trending days. For example, a day with 2500 advancing stocks and only 500 declining stocks would yield a net plus 2000 reading and that's extremely bullish. It would take a large catalyst to shift the market direction with a reading this bullish. If on the open, you continue to see the AD line moving plus 500 plus 700 plus 900. This is a sign of market strength. If however the market is moving higher but the AD line is moving lower. This divergence is important to monitor and could be a sign that the market is about to turn. Next we have the breath volume ratio composed of volume flowing into up stocks versus the volume flowing into down stocks. The breath ratio is expressed by up volume, down volume, minus down volume. This reading is important in relation to where it has been especially where we are at any given time during the day versus where the breath ratio open for the day. For example, if at 10 am we have 10 million shares moving up and 5 million shares moving down, the resulting breath ratio is two to one positive twice as much volume is flowing into up stocks as down stocks. If by 1030 the market has sold off, but we now have a breath ratio of three to one positive. This is a signal that the markets are actually becoming stronger and it's time to buy the pullback looking for a long set up. In short, by no means least we have the cumulative delta. This is a cornerstone of order flow analysis. Cumulative delta summarizes the buy versus sell activity and can really help traders determine market direction, trend strength, support and resistance areas and more. The delta refers to the difference between buyers and sellers. Delta is positive when purchases are exceeding sales and delta is negative when the sales exceed the purchases. Delta consolidates the accumulated delta information and plots it on our charts by recording and displaying a running count of whether and by how much buyers or sellers are in control order flow traders like myself can better extrapolate the flow of the market. Delta is an excellent tool for detecting divergence between price and the underlying order flow in the market. Delta isn't making new highs but delta isn't making new highs. It suggests an underlying weakness to the market and often precedes a pullback or reversal. So now we understand the market internals and the unique insights that they provide. I want to briefly walk you through my strategy by understanding the market context in which we are trading. I'm looking to execute two types of trades, mean reversion in ranging environments and momentum trades and trending environments, both of which are going to be underpinned by the internals. Every day I plot pivotal support and resistance action areas that are derived from multi timeframe volume profile analysis. This allows me to avoid engaging the market in areas of heavy rotation or chop. Support and resistance action areas have three purposes. They can act as entry levels in mean reversion setups in directional or trend environments, the action areas act to confirm momentum entries. And lastly, I use them for targets for trades. I also noted additional key data from the prior days price action. These levels are often important to define the bias for the day. The previous volume point of control the highest volume price from the previous day where buyers and sellers perceive the price to be fair value for that session. I confirm the current market context and the dominant side for the market in terms of the near term, one three days and then one three weeks and then one three months. I also highlight quantitative probability plays based on where this cash regular trading session opens in relation to the prior days range, either above below or in range, based on key levels and the probability of price testing these levels over an extended data set. These can prove really useful for trade entry exit management. I note volatility or range analysis as this helps to inform current market context, whether or not we're in balance in relation to the current volatility stats. Equally we can confirm market out of balance and this can inform a bias for the day. I also use the volatility stats to inform stop sizing trade execution and management. Now that we that gives you a brief overview of the strategy let me just walk you through some examples of how this stuff all comes together in real time. So on this chart there's a couple of things I want I want you to pay attention to this gold line that you can see that smootling up that moves. This is referred to as the full session mid. So for the current trading day we're in this amber line represents the 50% of the range that we're trading in. Next line what you pay to pay attention to is this blue line which is a volume weighted average price for the cash session so that's the price that is having most has had most of the volume trade during this current cash cash session. So, how I use these two inputs is that if when the cash with me excuse me. Sorry about that guys. So if we are trading below the below the VWAP and the full session mid when the cash session opens, we are going to be looking to play short positions. So this gives us an immediate read on the market bias as we open the cash session so we are in this instance we'll be looking for the break of support levels. So, then what we have is we want to have our internals confirm that. So, in this instance we open the cash session trade around the primary support area we're trading below the mid below the full session VWAP so we've got a bearish bias. We've got a negative tick distribution it's trading below the zero line and the moving averages below the zero line as well. So we have a negative ad line reading, and it's declining, and we've got negative breath, and we've got negative delta because we're trading below this gray line in terms of the delta. So, we have all four market internals confirming the idea that we are going to be trading the break of the support. Previously, I use the next support area as my target for the trade. When we get down into this support area so we're trading through 43-85 ish there. When we get into this sport area notice we get this tick extreme reading this lower green line green line represents minus 1000. So that's a signal to cover the trades. So we're trading from so they easily a 10 point trade there and potentially a bit more but certainly that's a 10 point trade and we get the confirmation to exit. Here we come into the cash session we're trading at the VWAP and at the full session mid and we start to climb. Now as we climb above the full session mid and VWAP so we're looking at long positions so we want to be trading the break of the primary resistance. So let's do our internals confirm that one of the rules I have for my strategy is that three out of the four internals at a minimum must confirm the trend direction, and one of those have to be the delta. So delta is the has to confirm the trades, and then we need to add the other three to also be able to also support the trade for it to for it to be a set up. In this instance, we have a positive tick distribution, and we have a positive AD line, although we have breadth declining, we do have very positive delta. So that would be a long trade through the 4385 area. And again we're targeting the next, the next resistance owners are outside objective at 44. We have a positive point trade, and we're confirmed by our VWAP full session mid, and the positive tick distribution positive AD line and positive delta. Another example here. So we come into the session. We open up, and we test the support zone, and this is important as we test this support zone. We have a positive tick distribution training above the zero line we have a positive AD line. We have a positive breadth, and we have positive delta. So the two trades here there's a reversion trade so you take the test here of the sport zone just above 4255. The target is through full session mid full session VWAP by the time you test that area. This would be a risk free trades, and then it stands up into the 4280, where you look to take profit, giving a great return. The next trade comes when we take when we break out above the 4287 here, as long as we have positive tick, positive AD line positive breadth, positive delta. So we engage again then on the long side, targeting the next resistant zone up to 43. So this this setup so far in this in this session has given about 50 points of upside. Now note when we get up into this resistance zone is we don't get a tick extreme. So that means as we make new highs in price without a new high in tick, we can actually trail our stops on this trade. And ultimately we get a ticket stream reading on the test of the third resistance up to 4320. So all in all there's about 70 points of upside in that one session, just using these tools to confirm the trade. Here we come into the day below the full session mid below the full session VWAP so we're looking initially to see if the internals confirm a setup to play the break of the primary support. We test down we test back into the full session VWAP we're rejected from there to the trade now as we get down into this area, we have negative tick distribution, negative AD line, negative breadth, negative delta. So we're playing a break of 4330 and we're going to move down there into the primary support at 4316 so another 14 point trade again just simply using the internals and the full session mid and VWAP to give us trend direction. In this instance we open the day well above the full session mid and above the full session VWAP. So then we look to our internals what are they telling us where we've got positive readings on the tick distribution on the AD line on the breadth and on the delta. And so we play the break 4340 up into the 4355 area. So we can actually hold this trade because we don't get a new high tick and play for the second resistance there at 4359. So again another straightforward setup using the internals delivering between 15 and 20 points of upside there. So if you look at one more example and I'm going to do something. It's a bit more useful in terms of I'm not I'm not a fan of just just going through loads and loads of prior charting samples actually regards the live charts. So today in this session, we open below the full session mid below the full session VWAP, tick distribution was positive, but trading at the zero line. We see the AD line rolling over breadth rolling over and we have negative delta. And by the time we break this support area we've also got negative tick. So there we get a signal on the short side through 4334. And we are looking then to see when we get the test here just around the 4320 area, we get a tick extreme reading so in this instance. That would have been a signal to move your stops to entry and see if the trade can continue down to the downside without getting another tick extreme reading, and we make a new low we don't get a new low the tick. So that allows us to hold the trade. Then as we get down we trail our stops through the support zones which in this instance are acting as resistance. And ultimately we get a tick we don't get we don't even get a tick extreme there. The first tick extreme reading that comes in is on the test of the fourth support level down just above the 43 handle. So again another easy 2030 points of central profit there just using these tools to confirm. So like I said what I want to do now that you've seen a few examples of how this works from historic charts. So what you're going to do now is open up today, and I'm going to talk you through the trade plan that I'm going to be posting into the Facebook group after after this session is finished. So, in terms of where we are today, we obviously have seen a couple of days of sell off here. Actually, just before we do that. So the trades that we've had we have this long setup at the beginning of the week here and traded up into the resistance zone I took 15 points out of that trade. We had positive delta positive tick positive a a D line, and the breadth was flat lining there. But so that gave a signal and like I say 15 points taken out of that one. Okay, we are short set up. And I actually, I put on a larger position to try and use half of the trade to take profits, and then to adjust my stops. That trade didn't actually work out for me yesterday. I took, as we bounced a bit, I took half of my position off for a small loss. And then when the trade starts to move my favor, I trailed the stop a little bit too quickly and I got taken out at break even so again, nothing, nothing in these markets 100% of the time. And I want to make that absolutely clear. But what I can tell you using this strategy, you can have a much higher conviction in your setups and your execution, because of these internal confirmations. So heading into today, we are, we've seen a move higher from the support zone that I posted yesterday. So trading within yesterday's range. So there are some statistical tests that should set up one of them being that as we open up today we would anticipate a pullback to the full session mid and VWAP. If we find support there today, then what I'd be looking for will be to play a break of this blue line which is the global ties, as long as we have broad market strength in terms of our internals. I've been looking at potential long positions through 4630 targeting a test of 4643. And then if we get through there and really start to see a bit of a short squeeze develop. Again, we're looking for these internals to be confirming. So we won't know that until the market opens, then we can look to get through 4650 and target the pivotal test of the 4670 area is is the plan on the day. If we come into the session and we roll over and we're trading below the full session mid and below the full session VWAP here, then the play is going to be taking out the Globex lows 4570. We obviously want our internals confirming the broad market weakness. Then we look for a test of yesterday's lows 4557. If we get through there, we could see a bit of a meltdown back into the 4550 area. So that's how I'm this is the this is how I'm thinking about the day I what I what I do each day as I develop to market maps one of them is going to be for a short position. And one of them is going to be for a long. I have the depending upon the context of the market one of them has a higher probability of playing out. But because we're waiting for these internals to open up. I know that if we open up today and we have and we have very strong internals, then I'm going to favor the upside. Equally, if we open up today and we have very weak internals, then I'm going to switch to be looking at the short side and I'll have that market map and plan already in place for the level I'm looking to trade and how I'm looking to manage the trade. So that's what I deliver each day into that Facebook group for, for people to take advantage of, and obviously in terms of the telegram chat, I'm actually sharing the trades in real time, along with a bunch of other insights, and you get the opportunity to look over in real time as I live stream the opening hour of the cash session, and I give you my, my 15 years of of experience I'm not a guru by any stretch of imagination, but like I say I've been at this for 15 years. I've learned some hard and times very costly lessons that you can actually benefit from as you develop as a trader yourself so that concludes the presentation for today. Are there any questions. I'm just going to take a sip of water here and post a couple of links into the chat. See, I'm going to post my LinkedIn profile if you want to reach out to me about the telegram group or or about the Facebook group, you can message me through my LinkedIn profile there. I will also put in the Tickmail trading view link so you can follow my, follow my daily trades in other markets. And I'll just repost the Facebook group all you have to do is send an invite and and you get accepted in there and you can access my daily trade plan you can monitor that for a while and see how effective it is. There are some questions in there as well. Okay, if there aren't any questions guys, I'm going to wrap this session up here. Hope you found it. Hope you found it useful. And, and I hope to see you in the in the Facebook group or the telegram chat. Do note that to access the telegram group, you need to have a funded Tickmail futures account. That's the only stipulation to access that. Okay, thanks very much everyone. Hope this helps.