 Okay, folks, so we're now in a sort of a gold crushing down scenario here on the G21 contract, so we've essentially come offered heavily under the S1 down here. We're currently down 1.3% on the day. We were looking at trying to catch them some bids on the 250 EMA here. As you can see on the left, sorry, just here is the daily bar on gold. And then on the left here is the VIX futures slash 4 slash BX on my thinkors swim. You can see this chart here is the one hour. This chart here is the five minute and the one below is the one minute. Now, as you can see, this trend we're looking at here is let me go out to max month all time on the VIX. And you can see the previous high 69.4 matching up to the high of Feb 2018 volatility gives us this downtrend. And we broke out over here up to new highs 80 spot 85 on COVID. Now look where we are. We're back down testing this trend from the upside. So there's reasons for bulls and bears to be getting involved here at this. The only thing is the squawker came on just before this volatility and said that the VIX cash was dropping under 20. And so maybe that, you know, in terms of volatility, maybe some stops to run around there. And then a trickle on a knockdown effect happened here. And so then I looked at the VIX cash couldn't really see much volatility happening but went to the futures here with front month futures VIX, which have just explained to the room. Technically, there is there's quite an interesting level here for the VIX. Basically that multi year down, down trend. So capping the highs. And then we broke out over that over COVID. We're now retraced back to that trend from the upside. And so there's probably there's probably the volatility that we're going to expect for repositioning for people to hedge their long equities exposure with some hook calls. But from the looks of it, it looks like people are actually going to be are buying a ton of calls for I, you know, the VIX is indicative of 60 day forward pricing of the equities markets. So that means that if the VIX drops, that means people are piling into calls calling higher prices on their equities for 60 days ahead. If the VIX is rising that means that people are buying more puts than calls, meaning they are targeting lower prices within 60 days. So, so what we've done is actually we're crushing down on the VIX right now. So this probably this makes sense in a classical correlation sense that people are rotating at a risk products into equities and we're seeing a bit across US equities right now. Yeah, I mean, this is so I had a conversation with some of the guys on the pro training this morning and it was the idea that, you know, a day like this which is a holiday impacted session. So you've got short so markets in America are open today. They just observing short and trading hours, but often then over this period when a holidays on Thursday like Thanksgiving and Friday volumes are low. Now that can mean things are quiet and they respect ranges and, you know, you can see just playing off the highs and lows but then the opposite could also happen due to the lack of almost participants and you can get these quite sharp, quite radical moves on the back of the fact that there's just not a lot of people in the marketplace so like gold for example we know is already an incredibly volatile product to train the first instance. If you eradicate out a lot of the volume sat there on the ladder then then you can get these quite sharp moves and yeah interesting that that 200 DMA as well obviously was quite big one I know at least on the daily continuation that I look at. The key area that's held up price really since the main bulk of the activity which was the selling on Monday Tuesday and obviously that getting wiped out. That was that bottom end of the consolidation that I was talking about in the briefing a couple times from the July phase of consolidation from around just shy of around 1800 to kind of 20 at the top. A lot of this is indicative of the conditions to have today specifically. In terms of the scope of size the speed of that move. As you've already said that I don't think you actually need a news catalyst, it's almost like the technicals of the catalyst. That's right. So that's an important thing to understand here markets don't always need to move. So how do you manage this Tim talk to me spirit now. We are recording so yeah alright so this is kind of high volatility so I use OCO orders and I work limits so I have inflection areas that I think are interesting and I'll put a limit there with like a 10 or 20 stick stop. And I'm hoping like as the market shuts down and I put an offer on at a level it will just quick back to try and find a bid and then get smacked down and as it comes up in that bid. I'll get filled to my limit order and then it shuts down so right now I just had one of them for an 80 tick profit right so as soon as it's filled the profit order is also sitting there. It came up filled me and bang down like within half a second. It takes you out like so that's what you kind of want to do and highly volatile markets. You don't want to be hitting in at market trying to just jump in you want to be working limit orders. So now I basically I'm just paring back some losses that I got and trying to buy a couple of key them. So yeah told me to the down then. Yes. So I'm like okay well if gold is tanking off something else has got to be giving on the upside right and so on the Dow. On the Dow we had like we were monitoring. I'm going to share my chart here. Yep. On the Dow here as you can see. Sorry. On the Dow here. Just so while you get that up the dollars just taking the move as well now. Just saw the major pairs perking up a little bit your own cable. See the charts here the gold charts. Yeah. Yeah. All right so on the Dow. I'm just going to pop this down on the Dow. I'm looking at a breakout over the Asia pack highs and yesterday I have this range that we fell out of came back in went big now we're holding the highs. It's a slower play but that's all right I like that. The S&P could have been getting on this S&P but it's a messy market. Oil now is actually taking a bit as well this dollar dropping. You're okay this is going to be a pretty volatile session here because I look I think this dollar is going to test below this support of yesterday which is then going to be pretty much upside on the Euro. The Euro is sat there right now testing up and around the morning high. So I was talking about potential shorts here on this point in the in the in the in the pre-U.S. session video but I said we'd have to wait and see what the situation is once we get up here. So now dollar at this key point Euro at this key point I need to say to myself is this going to continue is this volatility going to continue or now we don't and it's just going to we're going to retrace go back. And one of one of the things that I can just quickly. So it almost feels like the sequence then here was initially with the gold livening things up then as a subsequent domino effect you are the correlated assets start moving in relationships we just discussed but looking at gold here. So that's what we're talking about when I was saying just several minutes ago that gold could get quite hairy here. That was a reference to if we break down through this level well then, you know I think then it really people will start chasing it down as we said with the, the generally it's thinner volumes then you know pushes of another 20, 25 $30 $60 $70 loss on the days not uncommon in these types of conditions so quite interested now as well as looking at, even if you're not, you know, like Tim's looking at the euro, or even in the down doesn't necessarily although we're looking. We're not looking to trade gold in this instance given it is a bit difficult given how quickly it's moving it can act then as the flag if you like, for not just the entering but the managing of subsequent other positions. But I can highlight the size 161 here on the four times, but look at this liquidity here on above right this, this is where traders get really screwed in terms of ladder reading skills. They think, oh, there's a whole lot of volume above. So this is going to keep the market down. What do you have to think the opposite more liquidity on one side means the market will is more likely to trade that side than the thinner liquidity side. Okay, so it means when you see size, you need to think about trade facilitation in that direction. Okay, so the reason why I'm interested in along here. I mean, look, this thing might this buyer at 94 tens may disappear and it will pull down to this volume here at the 380s or 375s right see there's more volume here. It could just rotate down, but I'm, I'm now basically positioned that someone is going to be okay so here you go four times 148 49 contracts exchanging 181 exchanging on the bid. Okay, now they're out of the market right now is now it's just passively auctioning here. And I'm going to, I'm going to, I'm just about to try and flatten that because I don't want the rotation down to the 7375s. I'm going to take that. I'm just going to wait now, because there's a lot of stack bids at the higher day here or offers here at the higher days to this. But to me, that was worth putting the risk on. I mean, having obviously just sat in front of charts for a couple of tens of thousands of hours. Well, one of the observations often see is that when you get these types of momentum pushes in the market, and where there isn't anything other than that, and it's kind of like goes in these kind of wave patterns almost in momentum. And sometimes what I see is when we get to the top and bottom of ours, it's almost like the flush the effort, it kind of pushes into the top and bottom of the out and then it then it's over. Yeah, you ever identified that. Absolutely you get, you get a volatility portion and it just combines. Yeah. So yeah, that's for sure. So that was quite a point of frustration for myself and a couple of the traders that I used to work with on a prop desk and that we would trade something directionally really well on volatility. And then we, we wouldn't catch the turn that the other way. And that was kind of okay with us, because we were making money. And we didn't need to try and nail the turn. Yeah, this this guy was not really playing ball here. Or sorry, no, that's sorry, that's the clutter. And so, the thing is, is, you know, you don't have to try and catch the turn, and you can really give up quite a lot of p&l trying to capture turn. And you can, you can actually get back everything we just made and trying to capture turn in the market so I wouldn't really recommend trying to do it. It's an often, apart from when it's extremely obvious on the exhaustion is