 Hello, welcome to my live stream. Let me ask you first. Can you hear me? Can you see me? One moment and then we can start You know since we are live there were always problems Unexpected problems So welcome to order flow with robert rosa That's me and for the people who don't know me yet. I started trading at the age of 13 I bought my first stocks. I think that was 1995. It's the age of 17 I co-founded an investment firm in Germany with two partners and actually they taught me how to do the Investment business what our hedge funds managed accounts private equity and so on and then I started to trade the S&P future but still on the Chicago mercantile exchange So I traded through the telephone and call it directly to the floor and that was you yeah The original S&P contract one point was the 250 US dollar not to seem not to mean it like we have now In 2004 actually I sold my chairs in that company and then in 2004 I moved to China and I set up my second investment company with a Chinese partner together and Yeah, it's a peak. We had over 100 million US dollar under management I had a team of 30 people below me. They were traders analysts and we are doing the business and This business was yeah quite successful in China and well if you are successful in China You always get into trouble and then I was detained in May 2011 for outsmarting the Chinese finance system And I spent the next seven years and seven months in a Chinese Detention center in the Chinese prison. I was released in December 2018 and Yes, and I started to write the book became a best-selling book in German. It's called Dragon years I hope one day will be translated to English so that you can also enjoy it and Well right now I'm running a trading community for free And if you want to get more information, you can just go to robertrosa.com Then you will be forwarded to my community. This is a German speaking community But you will also find the link to the English one Also here you can find more information about me on linked free my if a YouTube channel in German right now But this will be expended to English language as well most importantly the general disclosure all book map limited materials Information and presentations are for educational purposes only and should not be considered specific investment advice no Recommendations risk disclosure training futures equities and digital currencies involves some Statue risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future Results and you should know if you trade you're responsible for yourself and for your own actions If you cannot take this responsibility, you should not go to the markets. This is my personal opinion so Now let's have a look at the markets We have here the s&p chart Some more have some trouble with my mouse. I don't know what's going on. It doesn't work like I want We have a look at book map and Yes, there are also in the chat Well, I am currently in Europe and we this weekend our clock will be changed to daylight saving times So during this week or the last two weeks actually there's always one hour difference between these two countries or two continents but it will be Back to normal next week and that's also much better for me because it really is messing up my daily routine so yesterday we had Fat meeting there were no changes in the interest rates which actually is okay but The market still went nuts so to say and started to make an absolute bull run after the decision and Anyone who was watching the market yesterday. It's very choppy market Yeah, sometimes there was no liquidity in the market since the s&p were jumping up and down and this yeah is not actually a Market which I like to trade for me for my trading style. I'm using a very Short stop loss only five ticks as you can see in the tech profit of 12 ticks Or sometimes a little bit more now, let's simply goes through my routine that I'm doing every day If my mouse would come I have a very important fact sheet for me and This is basically what is important for me is the initial balance high and low if we have I Calculate the delta of the difference high minus low and then I get a number This number is telling me what sort of day we can expect can we expect a trend today or simply? Sideways or rotation if we have a huge initial balance like 30 points or more Then basically I do not expect that we have a trending day So I would short the highs and by the lows But if we have a narrow range like 8.5 like yesterday, which is typical for Fed meeting then I expect a breakout and Every time we have no initial balance around 10 or below. We have a breakout So the I be high or I be low so no, what is the initial balance? I simply very simple term it is the High and low from the first 30 training minutes. So now today the market opened at 2 30 century European time Until 3 p.m. So we have for high above here. I want to draw this into bookmap simply like that it's at 53 to 150 I will put this into my My high three to one into my Google spreadsheet, then I will look at the low where's the low Five it's here. So I will entire it Yeah, this is at five three oh eight fifty and then I get a Delta of 13 it's narrow. It's I Think we can expect another move during the day. We had this shakeout at the beginning market open at 5 3 21 we went down to 5 3 0 8 and now we are in this range Hello, Peter. Well, and hi too. I cannot read this. I think this is Thai. I in Thailand your name I am very good friends in Thailand and I Cannot read it once I as I was in prison. I had two very good Friends from Thailand and they taught me about the language. Let me guess. This is Thai and currently I have very good friends in Thailand so Now the next important most important thing is the end card V web. Yeah, and bookmap has this amazing tool Which I really fell in love because the V web is Very important for me. I Will activate it so and now I will create a new no new new line sometimes my Sometimes I Want to speak German or I think English and I speak German so forgive me for that. It's Sometimes if you speak multiple languages every day non-stop, you'll get confused Hi Gregory. Nice to see you. I'd so if you have questions here in on Discord let me know so now let's calculate the V web and we also need the opening price So and I really like to look at the regular training hours not the extended training hours They are of more value to me. We see that we have Gap up Well, if you look at my chart you can see more many My lines are gone very nice. Basically, I have a lot of Well, it's not loading My drawings since it was there were just there seconds ago. No everything is gone. Ah, okay Sometimes you don't have to understand computers. I really don't get it my lines are gone Anyway, it doesn't matter. We can start from scratch. I want to get the opening price So I simply I know there are a lot easier ways to do this You can make you can automate make this automatically and so on but I am there as your old school guy because In prison actually or before when I started to trading I did everything by paper. I had I Draw my charts on paper. We had chart books where we draw everything So for me, it's sort of meditation here And it gives me a different feeling for the market Hi demo trader. Nice to see you Opening not far opening is 21st 03 That's strange my drawings are gone. Why is this a different chart that I have to it's a little bit annoying? Yes, it's here. Ah Here that was a wrong chart this these are my Drawings and on the upside either there are no drawings because we are trading at all-time highs and there's very difficult to predict anything so above it's all empty now the opening at 5315.25 my 15.5 and Another very important figure that we must know is the settlement price We find the settlement price on the page of the CME Chicago My contact exchange so the Bible for the futures markets are anything you want to know. This is the official rule book So we check the a mini Go to settlement. Well here on the 1st of April somehow this something will change I didn't understand what but right now this is my source for the settlement price, which is at five two eight six point seven five one five two eight six point seven five and I will add this here into my chart book five two eight six five so exactly here and I will fix here means to Hook it up fix it and I call it SP settlement price 21st of three and yes, it is not the settlement price of the 21st of March It's a settlement price of the 20s, but for my idea for my Understanding it's a price from today. So I'll write it here, but I know it's not the one from today The one from today will be figured out later this day So the next thing that we have to do is to add the V-web here So and There I have my I will explain also what and I did this already in bookmap The session V-web. It's important for me with the standard deviations. So now we have our chart picture I will draw in the highs and And the lows and the initial balance high and low this I will simply Take from below, but there's too much lines right now. I Will draw it again. So I be high is here rename it Insta settings want to have it in green I be high and And then we want to have a different color. I learned to use the right colors for the right Things my my problem is before I have a sort of photographic memory and I never used these sort of lines because I just had it in my Mind, but I figured out for live streams and for teaching people. It's better to have a Clear structure and sometimes I also like it. It's somehow relaxing my mind So I be high I below and we have this gap here. This is basically the Trading idea of the day with an initial balance of 13 like I also wrote here For this day 13 we can expect a breakout Right now we are in the trading in that range. Now I will adjust my charts to one here and Bookmap on the left. So it's a good way to present my idea because Anytime, I mean if you only look at book map, you really must be a very skilled trader To see the big picture. It's difficult. Yeah, and I suggest to most of you Always have a look at The long-term picture as well. Yeah, another time frame to not get into Over-trading and yeah the Let's say gambling addiction. We have to say all of us. We are somehow Gamblers if you're not a gambler, you have to admit it Basically, you wouldn't be on the stock market So you have to find your way to deal with this sort of Yeah, well addiction. Yeah, somehow I would say and this is an addiction But you know how to manage it. I have this here in pink. I don't know. I like this color and sort of pink or and Sometimes I also use different colors. It depends on my mood. I'm very flexible with that So now important for me is we are in the middle of the rotation Yeah, initial balance high initial balance low. So there is no need to act right now Simply don't trade for me. I would wait that the market will goes up here to take the stick to fetch the liquidity at 5322 or probably go down here to 5308 and to go to the standard deviations The standard deviations the first and second one are really really good trading points for the ES I'm trading them with an SL of 5 ticks and to take profit of 12 and this is a risk-to-reward ratio from two to one I heard in German house Johnny Well, yes, I am German. I used to live most of my time overseas and Well, I could improve my accent, but I said, what's the hell I live in Australia and Yeah, the British people told me if you can understand the Aussies then you can understand everyone So I can understand everyone and basically most of the people cannot understand me But of course, I'm probably don't have the nicest accent, but so what nobody's perfect So let's look at the real questions And I'm really really happy when this daylight saving problem is solved next week It really messes up my daily routine. Let's have a look at the order book. It's a little bit thinner You know only two figures So I hope that a little bit Volatility is coming to the market and so you probably get get close trade Yeah, here we have see this is a settlement price from yesterday as p21 O3 this would be a nice target Here or at least get close five to nine five Definitely in this area long opportunities and Also here it's a settlement price, of course But the market is very strong really have to say if stock markets generally have an up move or if they get up then Yeah, they have They have power So what we could do now here to anticipate something. Yeah, we'll add an anchored V-web at the low And now let's see if the market should have a breakout Yeah, I don't like to trade breakouts myself because with a very narrow stop loss Breakouts are very dangerous to trade and you probably lose money But if the market has a breakout here, we have the anchored V-web at the bottom and Then this would be a nice entrance point so we can also add it here but for Also, probably important to note as for the anchored V-web I only use This the normal V-web no standard deviations, but for the session V-web. I am using standard deviations So it's a top of here. We see the standard deviation and we see the liquidity of two 320 this could be a nice short opportunity Well, like I said, we don't do live trading here on the bookmob channel Just market explanations to educate the people but it was be a nice opportunity for me to exactly place my short order at 0.75 Yeah, with a five tick stop. We have some liquidity This liquidity basically gets absorbed. Probably I would have my entrance here Well, maybe maybe not with this tick would be depend on luck and my stop loss 12 ticks one two Three this two and a half points 1975 77.25 that would my target would be is a first standard deviation. Yeah In this basically I can trade their in and they out multiple times now we actually touch the liquidity and with a winning range of 50% you can simply make money John. I know Where where are you from? Are you in Germany or or living overseas? So now we touch the standard deviation here and we are running actually into this resistant zone with the high Now we have the choice either we touch the initial balance high or we make a correction back to first standard deviation and or even the session V web In conjunction with the V web of the low if you have any questions, please let me know write it in discord or In the chat room So now we are testing we can see what is important for me. I probably would have Get out of here one two three four. Yeah Right into the stop loss wouldn't be the nicest trade because it's exactly the initial balance high Which is always a good resistance point But I want to get give you an idea. What is my niche in trading? What am I looking for? I'm looking To how to how to explain it in English. I want to know what the smart money is doing with the smart money I mean for example hedge funds pension funds Algorithmic trading What are the algos doing? Where do the algos buy and sell if I know how they are? Calculated what is their formula then I can predict if a market goes to this area like the V web That a process will start. Let's say if the market goes around the V web Buying will start or setting will start and if I know this then I can use this Initial reaction for my trading for my scalping strategy. This is what I'm trying to look at and what I'm trying to understand So if I know when the big players are going to buy and sell and according to which standards they calculate They are yeah Orders then I have an advantage and this is basically what I'm trying to do looking for the smart money And then just follow the money. Yeah Now we can see the market just went a little bit above Couple more ticks, but we can see a reaction is starting here. There is resistance and also in conjunction with this order And now we have this pullback Basically to the to the first standard deviation and then when the market comes here basically, this is a support zone It's very simple But if we understand what is behind the volume weighted average price and its calculation Then we know we have surprise and the volume combined in one benchmark It's not an indicator important to understand. It's simply a benchmark a benchmark according to algorithmic training and well I always Can show you I'm not inventing this thing. Yeah, it's definitely I mean, you cannot find a lot of information about this you really have to Dig deep to get this understanding and I know it from my work for my investment firms in China and In Germany and we had the problem if I wanted to go into a stock Let's say the stock has a trading volume of ten thousand shares a day But we had to buy a hundred thousand shares. We cannot just say by market or Limit by order like we do. I mean we are small traders. We have no size If you trade one ten or fifty or hundred lots, we are nothing so there are Organizations forms they trade or they have like hundred thousand two hundred thousand a million contracts Which they have to place in the market So we have to divide this over a couple of days hours or even weeks And then how can we calculate what is a fair entrance and exit price for this? We have a benchmark and this is the V-web So and well, I'm telling you this you can I always show this case study from Micro-strategy and Michael sailor how they used to buy bitcoins and They're basically they use the V-web in process to Get fields Algorithmic fields with over 200,000 child orders. Yeah, it's a perfect example of how trading algorithms work T-webs the time-weighted average price and they're always used to buy only 0.3 BTC with Over 200,000 Orders to get their position done in the market within a couple of days Five days two hundred fifty million dollars. Yeah, so it's not that you just simply Limit by order. No, and so if I know this if I read these sort of papers, I get an idea of how algorithms are working and If I know that I can use it to my trading advantage also quiet today Ask me anything challenge me We have some on time outside why I'm living next to the beach So after this live stream probably I will head to not to the beach for this is too cold But to go to my favorite bar the digger's pub And now we can see again We did not come exactly to the first and activation But what does the market do it reacted and went up to the second deviation again And now what's the market is doing stopping you really have to get a feeling for that? Yeah on Couple of days the market really makes the Pullbacks like this exactly on that line on the deviation or sometimes one tick above above or below So it's also the market has its own mood Yeah, like every human being once we wake up. Okay. You already know. Oh, it's a good day. What's a bad day? Or I'm in a shitty mood or basically, you know, if you have a wife at home or husband. You already know when Somebody wakes up if it is if you should talk to them or not and the same is with Markets. I also see them as a living Being yeah, I mean there are only human beings interacting here even the algos are programmed by human beings so different times different behaviors different liquidity level how much is in the book We see on the ask side only two digits sometimes you on the Bit size three digits a little bit more and this also makes the Volatility the aggressive it aggressivity in that market What I think about Williams indicator. Oh, that's a good question. Actually I I have To pass on that question as in I never used it. I really don't have any experience with it. So I cannot Give you a Valuable ansaiya simply because I don't have that knowledge Person use value 26 to have a view of the market cycle. Okay. I Simply have to do some research on that Oh interesting now we see the sell-off I will come back to this to exactly to the V web. Yeah Now if I see something like this, okay This is a sale sort of sell-off back to the V web and we see the market is stopping here But I don't know what's what's happening right now Are there any news or whatever for this? I simply go to my favorite website for this. It's called Financial juice And you get if there is something happening. I mean we are in time times of war and Something some things can happen any second and we don't know it and it will have an effect on the markets But I don't see anything here use Natural gas change. Okay, so he's early And you know, it's not as you know, there is no breaking news Which actually would tell us something. So I just believe this is simply a Soul of shake off back to the V web And what we can see right now here the V webs they Not that smooth today. Yeah, also here the market jumps above below above below It's I call it choppy Yeah, with my strategy of five tick stop loss. It's a very very narrow So you have to be careful with training It would work here here but with a risk-to-reward ratio of Over two to one. You're basically fine Sometimes I do like a yeah Recently over a hundred trades a day or even more and then of course you have huge commissions But at the end you still are profitable But we still see here. We are still in that range between initial balance high initial balance low This is simply range trading. Yeah, so we are in the middle And we can also draw a volume profile Into that area and we see we are now exactly at the point of control five three fifteen here It's a point of control Matching with the V-webs. So there's no trading right now. This is simply range trading means Sell the high by the low until we break And when we break we know Because of the initial balance, which is only or the delta of the initial balance Which is only certain points we can Yeah Estimate or we can predict that there will be a break out in the second half of the day I knew it's sec probing crypto. Okay. Okay. Yeah, again. I mean that's Not really. I mean every time something like that, you know, let's say what is Bitcoin doing 67 K minus 1.1 percent. That's fine Think also no big reaction See, I also have Bitcoin here anything Well, nothing of importance in Bitcoin 70 K. We still have 65 60 yeah, I believe and for everyone who's trading cryptos Just place a by limit order at 60,000. Yeah, not for day trading But I think that we will have another shake off like a 10 15 percent that we will catch this liquidity and Getting a lot of margin calls for all the over leverage traders and then the market will go up to 80k because there is There was at least something 90 100. I Believe we still see the 100 cases here, but first we have to fetch this year My favorite token I'm invested here a long time render token amazing story behind it Because they are providing Computer infrastructure, so if you want to basically if you want to do an artificial intelligence Application you need computer power and this the render token pro is providing. That's an amazing story so no still in the range until we don't Come to initial balance low initial balance site for me simply Talking and to you and there's no action that I could do Only finding traded trading opportunities at the second standard deviation here below. It's very nice the five The 308 initial balance law with standard deviation. It's in conjunction put it together nice Support zone for a scalping trade And I'm not going into here and waiting that the market will go up to the initial balance side That's not my business. My business is simply. I know we have something the algos will come into play and I try to jump on it. That's my simple trading style Question here. Okay discord. No, it's too spot gamma spot gamma Um, a similar well spot gamma is an amazing amazing website and analytic tool I'm reading the newsletter. I subscribe to them. It's a great great stuff What's the use we have our we developed sort of our own model? Yeah, we have here We have on the spy the zero DTE options. We have something like an option profile These are these levels one two three. I know here is Are the most traded zero DTE options for the day if the price is now going above five to four the spy is the ETF on the S&P if the prices go above but the option prices will not go above as well Then I know we are in an overboard Situation the prices go too low below this option volume. I know we are an oversold a Situation then I can expect Turnaround it's not if the price go below that I have to buy. No, then I have to put this in Consideration with the price action and see order book and many times you can see that at these levels where the option volume is We also have the futures volume and then I know okay if the market goes to this level it's the the trend is over is finished and then I have the Yeah idea to To simply enter the market Hello, what kind of paid data do you have for your the book map on? Yes? I had a book map for the exam. I took the data from the IB platform and the data was broken From the IB do you mean I use I'm using risk maker I know book map has his own data feed right now But since I'm also trading prop firm accounts and not only using my own money I Basically use rhythmic. I Really have to say I had a lot of problems with the rhythmic data featuring the last two weeks always Delays, I don't know why and then I sometimes you have to change your gateway where you connect So now I'm I'm in Germany, but the Chicago gateway works if I use a Frankfurt gateway, it sucks. I don't know I Be Exactly you need a MBO data and anyone who wants to get a little bit Knowledge about this you can go to the I mean since we have futures trader you go to the CME There is a link market by order data and market by price Mark, let's explain to you. I will put this link here. This is Knowledge that everyone has this is like your your homework that you have but you must do it's like Knowing your tools. Yeah, so and tears described. What's the different market by price or market by order and we need market by price Data and this basically for a long time. It was only rhythmic Who who actually offered this TQG didn't do that? I'm similar. Yeah, if you have any questions, just send me a DM direct message and We can talk about this we doing a lot with options and options calculations Especially zero DT options very nice tool to play around this. It became so popular Now we see here. Nothing is moving. Yeah, David. You're welcome Really I can I meet so many traders also my German speaking community and also now starting my English speaking community If I make a little advertisement You can come and Join me here traders mindset It's for free Only 33 members right now. It's still growing. It's not much there yet, but I'm expanding it But my German community has 395 members and it's growing Step-by-step and it's also for free My my really my goal for this year or maybe beginning of yet next year I want to have a community meeting in New York City. I Mentioned that to Bruce once and he was also very happy about this if we can arrange this and find enough Americans or English-speaking people who want to come to join us on this Get together. Yeah, it's nice I'm doing this since couple of years in Germany every November We are going to an island in Germany called northern I and they were around about 40 to 50 Traders from the German speaking region. Yeah, German, Switzerland, Austria, and we are staying there for three four five days And we have one big event which is basically eating and drinking No, no seminar. Nothing simply get to know each other exchange ideas It's amazing. There's really really great relationships friendships coming through that sort of Event and that is what I also want to do in the US Or somewhere else also. I'm open for that. I don't know of anyone from you in Germany on the 26th of April I think it's 26th of Friday 26 27th there's the investment exhibition in Stuttgart Stuttgart and I will be a speaker there and you know giving a little presentation about my life I was invited and Well, it's a funny a lot of fun event here Old memories coming back actually in the year 2000 when I set up my first investment company with my two partners We also had to boost there was invest 2000 in Stuttgart So now let's see just market description. We now we're seeing these sort of strong buying orders. Yeah from the First deviation to the second and now we're stopping here. I really don't like these orders and now something else is coming in I mean we see there is there is reason why the market is exactly stopping here This is algorithmic trading from here to there No human beings are doing this. This is simply computer Mathematics they say okay, I come from here to here now. I stopped buying if I buy above this price It becomes too expensive So you can say like this you have to pay a penalty as a trader or as an algorithm And we see there are still more buyers always coming here at three 395 lots so someone still wants to go into that market has to buy But he cannot buy above the price then the trader is screwed because he's a bad trader. So he has to wait Now 500 lots. It's increasing Until the job is done now above also they are trying to Play games here. So now let's see Now they're only 150 and it's moving up But they cannot go above that line. It's strange Yeah, it's so funny to see that if you know how the algos are working you get a yeah It's just I always enjoy watching that. It's like a perfect movie for me And this is basic what I try to trade This is my my little advantage Again, if you would enter the shot here Probably you would have you got your execution here at 27.5 1975 1875 my target would be here exactly at the Standard deviation that's very narrow. Yeah, this is what it's nice example and the buyer is still not finished You see he has to buy somewhere here But he could also say now I buy market where the market the price will just simply jump up Then he gets a penalty or he doesn't get his commission from the From the one who actually gave him the order, I mean a trader in most cases is not like us We are here to make money on our own account In my company in China the traders had only one job to execute my orders to that price, which is fair It was not about that. They made a profit. It was I said I wanted to buy this stock For $10, but the trading volume is only 10,000 shares a day, but I had to buy 100,000 shares because I had certain information Let's say insider trading and so on that I knew the news release will be very good So then I also not only had one account We had like 500 different accounts where the money was and then they had to manage different accounts always buying small sizes to a price Which is fair now. How can I determine how if a trader is good or not? The trader is good if he can buy below the Vweb or if he buys above the Vweb, he's not good It's not as simple as that, but I just want to explain to you why these zones or lines are very Important for me. I can understand what is happening there and this is simply my advantage And then here you see it went from here short until there So I would get my take profit 12 ticks These 12 ticks are not random In these five also not These are not random numbers. I can see that that these moves are basically 12 ticks This is the minimum reaction The same is also in the forex markets if you trade euro US dollar you have like 10 pips these Pullbacks always around 10 pips. You take it not more. I don't I don't need this big run I only want to take these 10 pips. That's it I'm similar. Do you have a card? Yeah, well, definitely sent me a private message. I will get you in don't worry about that I have tickets. Yeah Act similar be nice to meet you there So you still have questions, you know It's really sort of boring day, but this can change quickly and we see again touch touch initial balance high is very powerful and This is also not a random line that I'm drawing here. Oh Now we can see huge liquidity comes up at 26 27 28 So I believe we will have a breakout into that zone soon if we see liquidity coming up here Well, we I don't know when it Will happen, but it will happen. That's a market will go. Oh, yeah a lot is coming up so probably simply run into that red zone and When I would look for Pullback to the initial balance and probably trade the retest. I'm not like I said, I'm not the breakout trader I would wait the market runs up here makes a retest and then tries again into that zone Probably if nothing's coming up above Wow five three thirty Then we have a pullback Definitely for me limit Up here Maybe make a retest first This is why we the buyer bought here here here And now waiting to move a little bit higher Does the algo move towards the liquidity and run away? I want to have a better Understanding what really happens. Do you have a recommended book? as in Well, there are really No books about order flow trading or book map That I really I actually I don't know No, I don't know about any book what I can tell you from my own experience is that Markets move where liquidity is Standard drunken Miller I can set it the world famous hedge fund manager He said it's not news that moves the market. It's liquidity So and this is the philosophy for me and Why I use book map. Yeah, why I felt enough is book map because I can see the liquidity If I know where the liquidity is I know there are a lot of sellers here I don't know if they want to go short or if they simply want to cover their long positions Or hedge their portfolio. I don't know. I just know somebody has big pressure here Either he needs to buy or he needs to sell or take profit or whatever So somehow if there are so many orders coming in in that zone This is not an not a normal trader So if I know that I can have different strategies, yeah Basically, it is not common that the market simply runs through that for this you need sort of a booster like news So the market will simply jump through it What I can think about is the market will come here touch this level makes a pullback and This is a trading strategy. You must always find your niche. What is your niche and trading? Do you expect the market will go here and makes a pullback like I do with 12 ticks? Yeah, I definitely would place a sale limit order here in that area But I don't believe in the market. I mean the market still can go up to five thousand three hundred Fifty or whatever, but I don't care. That's not my business My business is the market comes here will test this area and then makes this pullback of 12 ticks. That's my business so Define your strategy to understand this Unwag this liquidity. These are sell limit orders technically Technically speaking, you only see sell limit orders here on the ask side What their intention is that I don't know I Don't know who's placing this order. I don't know probably the people bought here and now they want to sell here I don't know Or they think this price is overvalued and I want to go short or they simply want to hedge their Stock portfolio. I don't know. I just know something is happening here Somebody has or someone is placing or many people placing a lot of stop limit orders a sell limit orders here and this information is enough for me to Develop a trading plan and now interesting again the algos are keeping the prices between these standard deviations So you cannot tell me that this is a coincidence. There is no coincidence in this and now we are waiting or They are accumulating whatever. I don't know Like I said the thing that we can see here basically by limit orders is green Sell limit orders is red That's the only information that we have Alika and how much do you earn daily? Well, sometimes I also lose Sometimes I own earn nothing and I have to pay the market. Yeah These are questions which I basically don't answer if you want to know how much to earn you can look on Google YouTube Instagram There are all the great traders in Dubai or whatever who make a hundred thousand dollars a day On their Instagram or YouTube channel But I can what I can tell you is That I wrote a best-selling book, which is I can also put it here here best-selling book in Germany which verifies that I run huge investment companies that I was so successful That the Chinese government put me into jail for that. So This no one of these youtubers and people who talk about money Can offer you We have a we have a saying a phrase in Germany. Yeah We don't talk about money. You have it if you talk about money, you don't have it I am happily free. I have enough spare time. I'm living next to the beach. I can go Later after this call just 50 meters away. I'm living Okay, I can post a picture later here in the discord channel So I can have my cocktail my beer, whatever you like and enjoy Are you a profitable trader? I can answer these questions with yes. Yeah, this is now for more than 30 years I'm doing this and I educated many traders. I can also say that who Verified with their account statements and with their success. That's actually got funded from prop firms Yeah, I also have a lot of them Who posting their results who are with me? Actually, I have a group day trading group here in Germany where we trade Yeah, three to four hours Each week or each trading day and they can really see my trades and the results that I'm doing every day As in unfortunately, there is not an English version yet. You can look actually I had a nice talk here on book map You can read a little bit about my life On the Let me see here on find more information about me here book web channel book my website Get a brief introduction. I Hope that this book will be translated one day to English I just need a publishing company who wants to actually publish it and also you see pictures here from me It means the young wild boy. I started trading with 18. I was in the newspaper. That was a long time ago you know and Well, you can get more information about me here Are we talking about I know what are we talking about day trading or investing now both? I Invest I'm doing a lot of pre-IPO Investments for example, anyone knows about the company and tropic it is AI company the equivalent to To open AI and chat GPT. Yeah, these these people left Open AI and set up the old company Google and Amazon invested billions of dollars into that company and I Created a actually what I did in China also doing it here now. I created a structure that Anyone can invest in companies like this. Yeah one share right now costs 132 dollars. You can buy it Yes, and I sell you also day trading. I'm doing this every day every single day and people are watching me with it. I Am a profitable day trader Any more questions, but if you want to know how much money I make a day you will not get these answer and you can watch Well, maybe I invite you yeah, you can see how I am scalping the ES every day I'm open for that. I have nothing to hide and anyone who knows me in the German speaking area knows that I'm probably the only trader who's publishing His trade records and who's trading live in front of many people and that since 2000 2021 2022 yeah, since two three years, I'm doing this on Twitch on YouTube you can watch videos on my YouTube channel. I traded account from two and a half thousand Dollars on AMP up to twenty thousand dollars in one ten months live each trade recorded for the public Yeah, of course as in that's that's what it's simply Yeah exactly people after quick bucks and That is the problem That is I see so many advertisements on the media channels Instagram YouTube Quit your nine to five job and become a successful trader and say how stupid you are trading is Not it is a very hard job compare it to Well, we love soccer in Germany or football. Yeah, it's like you're playing Champions League if you're a day trader so you must be ready in your mind in your actions and It's really tough It's not easy. I cannot date rate every day and basically during the summertime I take like two or three months off and not doing anything Because I simply have to recover my energy level I use book map for execution and for the heat map and Then I use Trading view for my big picture. Yeah, I like this combination like you can see it here I like to have the big Picture I can draw anything on trading view trading views cheap Also, it's I can watch any market. That's also important for me. I'm not trading es if es doesn't work I will switch to CL for example. Yeah, also Vwebs working perfectly in crude oil. I can switch to gold I'm trading a lot of Forex. I basically for Forex. I have Developed a trading system which I'm executing Every day my order signs the market and I just wait that they will be executed automatically and Well for state for day trading. I simply use the ES And sometimes crude oil and if I can see the es doesn't work for me anymore or it's complicated I switch to the NASDAQ. I switch to gold. I Oil I I can tell you I traded basically over 1000 contracts at one trade in the CL during 2009 2010 this was my basic position size, but that was a different time you could do that. Yeah How many monitors to use I have one two three four I have three 30 inch I think 30 in 4k Samsung monitors and then I have a Samsung Odyssey this Yeah, round one. Yeah, I also this is quite nice And this is also one question. What's yet? What's the media is telling you you can day trade from anywhere in the world? No, I cannot. Well, I can change my working space very quickly from Germany to USA in a couple of days But I day trade only from my home office station other Anything else is coming. Well You need the perfect infrastructure very simple and you cannot just trade through your laptop well At least I cannot and I don't know any professional trader Who really can do that where you can make your analysis from a laptop and you can look at certain things But you need a professional setup Do you use data full pen chart for day trading? I Am not you know, there are two type of people people who you who like to see images and People who like numbers. I'm the image type. I can remember everything in images and Numbers is not my thing. So this is why I don't like the footprint chart. I know what it is. I Used it before but for me what you see the footprint. I can also see here There's From the visualization. There's no difference for me So that is the important part. I would say you have to understand which Character which type of sinker you are Left side of your brain or right side of your brain. This has nothing to do with good or bad It's simply to understand what works in your brain I'm reading a lot about psychology emotions. How our brain works how our brain is functioning And these are basic questions to answer for yourself How to analyze and how to read data For me, I I love charts. I can see the charts book map. I love the colors Yeah, I play around with the colors my brain can understand this and comprehens this others like the footprint. I my training codec Peter is also book map educator He he's a number guy. Yeah, he can see everything in numbers. So He likes to use the footprint for example, but in the end it's the same We only the data is for everyone the same the only way how we interpret and how we see this data is different How to manage risk Alikaten very simple thing put a stop loss I get to put a fucking stop loss into that market. Yeah, that is the first thing and then Also one thing don't over trade. Yeah, but the stop loss is the most important thing and For me sometimes I'm not willing to risk more than five ticks in the ES for my trading Maybe sometimes like weeks like yesterday when rollover week is are you six ticks or basically I don't trade So you really have to control this and then in day trading very important That I took a long time for me to learn this but also put a take profit there Realize your profits Because 80% of the time stock markets or indices are in a Yeah, in a rotation. They're not actually trending if I want to catch a trend Then you're wrong as a day trader You should invest in stocks, which I also do on my side Yeah currency markets and I leave the stocks on my account But for day trading risk management very simple have a clear idea about your stop loss and about your take profit And don't change it. Don't move your stop loss simply if it's there even if you I had this last week every time I got thrown out of the market on Five ticks. Yeah, it makes you angry, but it doesn't ruin you you still Can trade another day always think about tomorrow not about today Tess good good very good question. How are you using the spy when trading? Yeah very very smart and the spy I always have it on my On my radar very important for me. The first thing is do we have liquidity? Divergences or differences between the spy and the ES Sometimes we can see we have no lot of liquidity here at 26 27, but do we have also the equivalent here? Actually, we have nothing here in the spy above. Yeah, nothing. So there's a divergence Then what we are looking at are the options on the spy the zero DTE options We have here book map as a private tools that we developed. We have like an Volume profile for options. Very simple. We only need these three levels one two three Go down. We see these are the levels where most of the options are traded Call put together quite simple. So now we are in the middle of that So we are at a fair value If the market goes now below these three green Yeah price levels, then we know we have an oversold area if we go above we have an overboard area and then I can Predict that the trend or the correction or whatever it is is over for the day and we can look for a turnaround This is how I interpret the spy very important first liquidity second option levels And then I can put this into the big picture for trading the ES how to sell Can our brackets other brackets here? Well, I mean you have this Button here training button, then you can connect your account and brackets on TP SL is in ticks quite simple and Also book map has a very good Educational source on their website where you can find the knowledge base Everything is explained there now again where did the market turn at the standard deviation Now let's see one two three four five stick five tick stop loss Would be okay here and you catch this trade up to the V web and trade is done And we are still in that range. Yeah, very important. Yeah. No, I would say well First of all before you forget leave a like here Like the YouTube channel always important only 13 likes. That's not enough. You have to improve this otherwise I will not stop Until you know until not everyone hits the like button now well the liquidity is still there new liquidity is coming at 33 16 likes a little bit little bit more click-click like like and otherwise you have to to How to say I have to check this word Endure endure. You have to endure me a little bit longer Nice to see we have we broke through the V web. We made the retest here We can also see the same thing here retest to the V web also on that point and Well, now, let's see But to put too much into that context it doesn't make sense We are still in that initial balance range of 13 take a certain points. It's No trend yet No movement. Someone is building up his position to let the market move The average price is at your 5 3 15 50 according to the volume profile and then well later it will rock Yeah, very good. Some more likes came When there is liquidity on upside but market is going to opposite direction then what should we do? First thing I can is get the big picture. Yeah, the big picture. I we have it here on the right side. That is very important Then the second thing is Simply if you don't know what to do simply wait don't trade. Yeah We see a lot of liquidity is coming up here But the market still doesn't want to move up like I said right now we are in a Rotation that means people are buying selling buying selling and the They want to build up their position size Let's assume. There is a big trader who wants to trade like, you know 100,000 contracts to Make some to move the market up whatever he needs this range to get his order filled So we still have to wait. We don't know yet. I don't know if the market wants to move up Maybe that's fake liquidity, but I don't believe that because it's very serious basic these are not spoofing orders and Then maybe the market will go down first to catch Some stop loss. I really don't know and This is when I don't know I simply wait until the market is telling me, okay We want to go up or we want to go down. You don't have to trade if you don't trade you don't lose money Exactly the 308 No, 308 here, you mean Hmm what broker usage do you suggest for least commissions if we follow your style for standard deviation trading I know what I would simply Recommend AMP I think AMP I'm also trading through them. It's You get you get a good service for good price. Also another question is Are you living inside the United States or outside of the United States? That's also a question which you have to consider because some brokers like sink or swim Are not accessible for non-US citizens. For example, I cannot open an account there because I'm not American and This are some small consideration probably sink and swim is better if you're American. I Cannot judge as I just saw the software and I know many people are using this. It's a great tool I believe but for me the door is closed Okay, I have to accept that but if you are Not if you're non-US citizens and you want to really day trade futures and I'm only speaking about day trading I think AMP is a good choice. Many people are trading there. I never had problems Everything is working fast. You can use bookmap. You have your rhythmic data feed and other softwares for free if you like It's quite. Okay, and I'm not getting anything from AMP. I have no no No partnership of whatever for them. I just telling you this otherwise I can also Recommend as a broker is interactive brokers. I also have no partnership with them, but I'm I be client since over since almost 30 years now and They helped me a lot during the time when I was in prison And I can really say this is one of the most Reliable Brokers also for day trading, but you have to know you don't have day trading margins They only have maintenance margin that means if you want to trade one ES future contract You must have 11 K or 12 K depends on on your account That's like I said for day trading AMP. I think it's a good choice AMP AMP is giving $1 for micros and $1 for mini set too expensive Well, that is a You made your homework on rock. That's good training micros is definitely more expensive than trading the e-mini You must But you must consider Well, let me let me rephrase it. I started I opened. I think it was 20 21 or 22 AMP account with two thousand five hundred US dollar to show it to the public and I started trading three e-mini There's three micro contracts the commission's very expensive, but I simply did not have enough funds on that account To trade the e-mini for me Because you must see if you trade one e-mini you trade like a quarter million dollars It's five thousand three hundred twelve Times 50. Yeah, we can use the calculator So is it's very simple mathematics five three one two times Fifty is you're trading two hundred sixty five thousand US dollar with one contract If you trade the micro you only trade one tense, but you pay more commission it always depends on your Account size if you have ten thousand dollars on your account which is basically maintenance margin you have leverage of 26 if you I know with AMP you can trade. I think one e-mini with four hundred dollars. Yeah now we can tell you I can tell you the Yeah, two six five two six five one two three divided by Four hundred yes dollar you have a leverage of six hundred sixty two This is simply suicide You have to get to know these numbers Now the mini with the micro you trade ten Ten micro contracts are one mini contract With the micro contract one point is five dollars We see mini contract one point is fifty dollars. Yeah, if you trade now again, you see You move a different amount That is the question. We see micro contract You use five three one two times Five you only move twenty six thousand dollars We see mini you move ten times You look you move two hundred sixty five thousand dollars Exactly, exactly aloe santa. Yeah Ten micros is the same as one mini so the costs are ten against four. Yeah, this is a Alois santa you put it right. I am not wrong in that anorak. I got these questions many times and that is Misconception of the Industry they introduce the micro which I think is a good product don't misunderstand me But it's a good product with higher costs I don't need to trade the micro when I can afford the mini. I'm saving money So now we're all almost one and a half hour. So if there are no more questions, then I would start to go to the beach And the market is not giving me anything here today. It's simply In this range so I can stay here and wait or I can enjoy the sun sunny day today So and if you have any questions, please write to me on discord if anyone is in Germany and wants to come to the invest exhibition Well, let me know we can have a drink at the evening time or you can listen to my Speech and then I would say we'll see you Next week or see you in the community Take care. Bye