 and check that it all works okay YouTube is now live um i'm still waiting on Bruce so i'll just wait a few seconds i'm here hey Bruce you're there great yes let me turn that volume up everybody's very quiet um okay looks like we're having our first real election of the day i think boomer in one of the um in Tom's channel just noted how dull the eth session has been i think es has only had 10 points but anyway let us move on to our breakfast session hope you well Bruce um hope everyone is well i think we've got um we've got a few people online um i've got an agenda up in um on the right hand side of the screen i think you can all watch es in the meantime while i just introduce that agenda and you can note the um the band of liquidity below um right i was going to introduce a topic just something to speak about for a few minutes whether it's five or 10 minutes in every session just something that does um you know attract people's attentions from what i've seen on the discord um and then for today i was all i was going to look much more closely at the nq what it did before the london open what happened at the london open uh and what happened over the following 90 minutes so i'm i'm going to drag back in time and we're going to go through it and see what could have been anticipated in theory and what we got to see in bookmap okay um well the first topic that i really want to talk about which is one that's been dear to my heart since i've been using bookmap and other intensive programs for a long time is how do we um how do we um how do we improve the performance so we optimize it to the best that we can um this one is dear to my heart at the moment because i'm looking finally at an upgrade i have had the same desktop pc give or take every single component has been unchanged for about five and a half years nearly six years now so i've been researching hard with a caveat that i really really do not like computer noise i like listening to my loud speakers you know whether that's um with that's an audible stream of things like market pulse or actually people commentating on the on the markets and i do not like listening to fans um um so what i've been looking at is mainly an intel platform aimed at streamers so um what i have deduced or partly based on the experience that i've had for the last few years uh and partly on using other tick by tick software is that there are in addition to the processor um two critical um items for bookmap this is before we get onto the software optimization this is purely the hardware perspective um so this time around i am going to install bookmap on its own nvme ssd drive so we're going to have a dedicated ssd drive to bookmap and i'm going to have a dedicated ssd drive to my other main application sierra and the reason is that yet they both stream tick by tick data and in bookmaps case it streams mbo by mbo data so we're talking about um the absolute micro um structure of data as it's streaming into your pc um so the ability to have one nvme and and they're currently the relative to what they've been for the last few years they are dirt cheap you can get a one terabyte ssd in the order of australian one hundred and fifty dollars probably a hundred us dollars for something like a western digital or a samsung that is lightning fast we're talking about uh a right read of seven thousand six thousand megabits per second or megabytes per second uh and that is um something that can really enhance your your bookmap performance where you can slow it down is if you start zooming in and out going backwards and forwards which i'm about to do when we look at the the nasdaq um and by having you know great features like the the mbo add-on um the marker pelts widget and other add-ons they can all add up to slow down your performance so um from a hardware perspective uh my views and i'm happy to take any questions not that i can see any at the moment let me make sure i'm in my channel so that i can see no no questions at the moment um so i'd say there were there were three main combinations um your processor obviously so you need something towards the top of the line doesn't have to be right bang smack bang at the top of the line because you're not playing the most powerful game um but it's got to be something relatively strong i'm looking um towards the top of the the intel 13th generation you've got to have an awful lot of ram and i also think from a personal perspective and again it's entirely up to you uh that it might be worth having your own dedicated drive just for bookmap and that's you know that's if the hundred dollars to you is not that big a deal and again when we compare that to the losses that we can experience in the markets i don't think it is a huge deal um and the ram the more ram you um you have the uh the better um so i've been running 32 gigs for the last um no probably about three years out of out of the five and a half years of this pc and before that 16 gigs um yet there are um team programs to monitor how much memory you actually use and uh when we now get into the software settings and so i bookmap and i will have a look at that um let's have a quick look um you can obviously set the actual memory allocation so i've got i've got that set close to a thousand at the moment but if you've got even more memory no if you had 64 gigs and i'm thinking 64 or even the full montee of 128 gigs you can wrap that up and you should find that that helps you with zooming in and out and zooming up and down on the vertical axis um i am a firm believer in going up and down and in and out simply because we need to check different angles of the market again it's a personal opinion you've got to do what suits your own trading but just being able to zoom in and out does help me and i will demonstrate that when we get to talking about nasdaq in a few minutes so um so uh so the idea there is to have as much rem as your motherboard or you can afford um if that is a route you're willing to go on get a done good processor and perhaps get your own drive dedicated to bookmap the other advantage of having your own dedicated drive and since they come in the order of a terabyte plus is that you can keep quite a few recordings there are there are views about um review prep um or mainly um review when you have decent amount of storage you can you know you can keep days and days if not weeks worth of recordings and there might be something that you've seen today in the session that you've traded whether you traded it well or badly that reminds you of something that you saw when you were using bookmap two weeks ago or two and a half weeks ago and the ability to on the weekend or after hours fire up a replay feed of what you think you saw then and compare it now can only help your notes and preparation for the next time that you see such action again the past cannot predict the future um and um all you can do is prepare for whatever possibility might entail i've just remembered bruce that we need to quickly just do the bio and the disclaimer so i have to stop right there and just get on to those apologies for this that's right i was gonna i was gonna uh suggest that uh once you started to dig into the price action yeah no i happened i just thought um yeah i just thought just a side topic you know just just something you know like if we're having a breakfast again a radio show we'd always have one topic that was something that a little bit different to talk about and since i'm only on twice a week i'm sure i can dig up a topic every session anyway um let me just get into the um this this is good stuff though moby i mean i'm going through like uh uh the the different specs and um you know memory features here in bookmap uh and performance issues that may come up uh it where to find all these kinds of things in bookmap and how to rectify uh any of these issues is really good yep i'm just trying to put the disclaimer it's going to be a very small font as it always says when i first open it okay all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results um i won't i won't dig out my bio yet again but just to remind people i've had a breadth of experience in different jobs in different industries and i have been trading futures for about 10 years and i have looked at just about every software platform to trade futures or to analyze futures that exists uh and i've looked at just about every form of technical analysis that exists um i i do use bookmap and i have used it um nigh on continuously for nine years so it is something that i personally do value in my trading anyway um where were we let us go back to the topic okay we were looking at the the software um the the software settings that you can do in bookmap to enhance um the performance um obviously the one thing that i did not mention which is to run the latest iteration 7.4 of bookmap is substantially quicker in my personal opinion um than previous iterations i i remember bugs back in five and six and four but 7.4 has been absolutely rock solid for me and i um i would only use this one and i would not be using previous iterations uh i sometimes um go on the latest alphas um but at the moment i believe i'm using um the latest beta of bookmap 7.4 and as you can see on the screen i have selected gpu acceleration i've got a moderately good graphics card is not top of the range but it's moderately good i've selected disable direct 3d experimental multi-threading experimental serialization this one it's probably not the wisest thing to select unless you do have a good graphics card um if you're unsure about it feel free to tick it and then you can if you have stability issues then you can always reboot bookmap and untick it but um again for me on 7.4 that's been stable and historical data aggregation i find that that's good for me because i get less pop-up saying that bookmap has had a minor error here or there or that it is struggling with the amount of mbo data that is going through the nasaq or es futures so all of those okay um we've gone through that page which is just about my views on hardware and one other feature we were talking in the in the last session about market pulse and the fact that i use it there is one setting that you can tweak in market pulse um we yes here we go um it's in um yeah i can link this at the bottom of the youtube page where i can put a link in the discord channel this is just the knowledge base article on market pulse that's on the bookmap website there's a text file um within the folder for add-ons that has a setting for market pulse um by default it has a refresh rate of 20 milliseconds which uh which you can read just there and by changing one a text value one value in that json file json file with a text editor and any text editors would do notepad notepad plus anything like that you can increase that so that you are you're um you're letting your the rest of your bookmap perform at a slightly better rate in other words this isn't likely to bog it down in any way um i have increased that from 20 to 50 i've seen no deterioration delay or whatever in any market pulse signals that i have used or do use um and it is something that i have done it's a question of whether you want the absolute least delay in a market pulse widget which is 20 milliseconds or you wish to delay it and you can delay it at anything up to 500 milliseconds i.e half a second so that's just something if you think that the market pulse might be uh in any way adversely affecting your bookmap there is one thing you can do and it is on that page which i will link below okay now let's move on to the next item and what time we are already we're at quarter past eight and let me just check questions i don't think i'll have a single question no no questions in discord either okay so because it's been quite a dull session and 10 points in eth and es is in my view dull um i thought this was a perfect opportunity to dig in on a granular uh perspective analysis of what nq did today coming into the London open so i'm talking if i click on to nq and it should still be there no it has fast forwarded that's a bit of a shame anyway well let's dig back i'm talking about from before the DAX open the DAX pre-open is 10 minutes uh the 10 minutes before 2 a.m eastern time currently that's in daylight savings for both america and for europe i'm just going to have to keep dragging until i get there so i'm looking for about 150 a.m on this one and then we are really just going to just look at this on a micro basis 150 okay right okay um and if i dig up the charts and we can just scroll back in time as well on nq just so you can see what happened so if i if you look in the bottom right of the screen you can you can see what nq did coming into 2 2 a.m which is the um the german open and then 3 a.m which is the london open but anyway that's just an um a high level view of a chart whilst we go into what we could have seen in book map and what we potentially could have traded okay so the first thing that's worth doing um you know this is kind of my personal view on prep before some of these opens whether it's the japan china open or the german or the london open one of the things and i said this a few minutes ago that i do is that i zoom out so that means i zoom out vertically and horizontally inside book map to see where the resting liquidity is uh i've i've got a i've got a friend who's also part of the book map team his name's david and he's done a webinar before he loves to call resting liquidity that just sits in the book and is off-size blood and one of the things that i like to do is to determine whether i can see any blood or potential blood before we get to the open so in nasdaq what i'm looking at and i think i mentioned this in my eth webinar way back um is i'm looking at resting liquidity and by resting i mean it has stayed there a long-ish time of 20 and above and preferably well above 20 and above and that's in the the order book and i also tend to ignore bans of liquidity at the zero the 50 and the 100 or the next zero levels i at the hundreds or the 50s levels i take those with a pinch of salt sometimes they do have values sometimes they don't um but they do not stick out and i'm looking for something unusual that sticks out as a flag by one of the bigger players that they want to play there potentially at some stage during this session um but bear in mind when i say this session the eth session is extremely long and the eth session is um 6 p.m new york until 9 30 a.m the next day so we're talking um we're talking many many many hours so where we have resting liquidity it can and quite often does not come into play um until much closer to the next rth open so that you may see something um right about the german open you think ah that's going to to come into play in the next hour and two or three hours and it doesn't it it may well have a great role and it might be something that you could have traded but it might not come into play for five to ten hours later anyway um going back to what we saw coming into a two o'clock uh and zooming in a little bit if i drag up this is the this this level here which is around about 13 sorry um 15 015 um of 30 in the book so that would distract me because you can see you can see basically when it came in it came in about mid-morning in asia um before before we turned into wednesday new york time and it stayed there and it was relatively static it increased a little bit but i mean i think if we in fact if we actually go right back to when it came in let's have a look see what it came in at and that's the that's one of the beauties of this platform that we can find out exactly when that liquidity came in and how stable it's been so we can see at that time which was just after 2345 new york time about 25 came in an order 25 came in um there are also other ways of looking at this heat map so you can you can have a copy of this heat map uh i've forgotten the name of the add-on bruce can correct me trader map pro um i think it's called um and you can see you can filter that down so you could filter that down to orders of 20 or greater so you could just watch that in a copy of this heat map i don't do that and it's partly because um i am very conservative about my cpu usage so i just want book map to run as absolutely smoothly as possible in addition to having things like trading view and cera open and other things that i look at so um i just want to minimize my cpu hit that's why i only have two instruments open in book map anyway that came in it was 25 ish and then we we go forward in time to 145 150 new york time and it stayed in the book so if we zoom right in and we see at that time it has increased to 30 but basically it is implying or hinting that the original sized order of 25 was stable and likely to be blood so so that that's that's one clue we have as to future action and bearing in mind we've got we can see what happened there so this is all hindsight again um and then the the next piece of information which you tend to learn the hardware with with with nasdaq which is if they want to go somewhere i if they want to go down and so look at where they were at that time let's have a look uh yeah if they want if they want to go down so they're coming into into that german open they're around about the um 15060 mark around around all their abouts and they want to go down 30 points what you do learn is that they will play game upon game and they'll go up first more often than not to get the fuel to go down so it's that old expression when they want to go down they go up to go down again it's just one thing that can happen they could of course just have gone straight down but it's just one way of getting your thinking into your head that that could be a game that they're playing okay so let's start zooming in properly on what actually happened just check if there are any questions oh there is a question i was you bruce okay you're just talking about trade map pro and also checking youtube uh-huh there is a question so i'll stop a question from sam last week you touched on using market pulse sub chart as an oscillator um is there something you've back tested um yeah the answer is visually back tested um if you're asking whether i've algorithmically programmatically back tested it um i did not program the oscillator inside bookmap it's the talented bookmap developers that did it they have on the page which um i can link in the discord channel the one i just had up that page there if you you scroll right to the top of that page and you go through each of the descriptions of the widgets of all the market pulse add-ons they have a very detailed description of what the price change algo does so what i did and again this is what anybody could do is i i took the words that were used to describe the calculation and and i used that to program a an oscillator which probably is to all extents and purposes very very similar or identical in sierra and back tested that way again it's never going to be on the micro second or millisecond that you have in bookmap and it was purely as an approximation of back testing but if i answer your question yes i did back test it in that way inside sierra um but just as importantly um since i believe more in forward testing than i do in back testing i have both back and forward tested it inside bookmap uh and um yeah i found um that it is useful it's it's one of those things again um you've got to put the context right so if you're in a if you're trading a range and you're at the extremes of the range you know the market pulse like any oscillator is likely to help you um and if you're in trending or semi-training action you can only use it in one direction which is um pullbacks in the direction pullbacks before proceeding in the direction of the trend because if you use it in the to fade the trend you're just going to get the result that you don't want or most likely you can get the result that you don't want anyway let's go back to the german open okay i like to look at um the vertical axis showing about point seven five or one point between um between the numbers so you know for example here you've you've got fifteen oh five seven seventy five and fifteen oh five eight fifty um the nasdaq nq is a thin instrument so you want to see property three or four times the range of something much thicker like es so with es it's common to about all the streams i've watched that people have it um tick by tick on the vertical axis so here to have it point by point is only four times the zoom out okay um let's just see what happened okay i think i have zoomed back too far in time so i've zoomed back past the german open okay so we talked about um the blood level below it fifteen zero three zero what i didn't talk about because i i hadn't noticed it until we just to hear um until we zoomed in here is that we had some heavy liquidity here at seventy five and eighty all right this is not blood because i mean the seventy five only just came in at that moment you know as price pushed towards it and the level at eighty looks like there was some resting liquidity uh and again it may have been yeah actually that could have been considered as blood since it came in a lot earlier and was in the same order of twenty five when you see um two matching orders above and below um the market it does raise your suspicions again we can never prove this right or wrong that it is one player a large player is that an algo is that a market mayor is that a market maker or is that just a big person with with deep wallets who knows um the the result is the same in your eyes inside book map you can see that liquidity resting so you can see a an order of twenty five plus up at fifteen eight oh and you can see as we get into the german open we have this big push up that that order at at fifteen zero eight zero twenty five did stay in place so you have your notes with you and you say one possibility is that staying and they want to be filled at that level um so you've got two levels now which can be considered blood you've got one here at eighty and you've got one fifty points lower at thirty okay what will tend to happen more often than not in any market is that price will not go in a straight line um the biggest exception to that will be at market opens or after a significant amount of fuel has been trapped and they have the fuel to go straight up in one direction for a very very long way and you do have to be wary in nasdaq if you are willing to trade the beast there in eth you can have runs of a hundred points plus where it hardly pauses to take a breath in that direction and that's where if you have a tight stop you know whether it's four points five points ten points even fifteen points um you're very grateful that you have because the um going minus a hundred points is a very expensive lesson okay right so here we have two o'clock that's the german open so the action as i said earlier tends to happen in the 10 15 minutes beforehand they have a pre-open for the dax futures and that is around about you know 145 am new york time so you can see the increase in volatility there if we're talking market pulse and just and you're looking at that liquidity and targeting there yes you could there in theory have used the market pulse you know you you've got four examples there of some kind of usage but you know you don't you'd have to have some rational in my opinion to go towards the 75 first target and 82nd target other than just pure liquidity that there should be something more in your arsenal than than that okay um when i was talking about my columns last Friday and i just want to reference things that i've spoken about previously so you can see and practice the you know how i use them and that i do practice what i preach so you've got this first band of liquidity you've got the delta over here on the far right column and what you're looking for as i said for fades is where you have enough fuel which is going to be green here of trapped buyers or potentially trapped buyers to take you down so we've got two levels in our heads purely based on liquidity you've got 80 above and 30 down and you've got some fuel coming in you've also got a volatile period being a market open here the German market open and you've also got the rationale that unless it is a very active day and it wasn't on it yes it's unlikely that they're going to go on a big big run straight away they could do but the probability um if the market is dull that they are not going to do that and it's more likely that we're going to have ranging kind of behavior okay so so the first the first thing of the um i i did i did actually take a trade but i did not take a trade here okay in hindsight that would have been the better trade that is a failed breakout into liquidity um and we're um and we are about 15 minutes after that open and we've got some big liquidity below and you've got some trapped buyers here so that would potentially have been a nice short okay again i believe heavily in scaling out so if you if you had taken a short there if you're taking sure i don't think you'd have got in there and as that moves too quickly and the spread at that time of the day is about three to four ticks maybe even five ticks you know the best you could have got in is about there so you'd have taken about uh you don't need a five or six point stop if you're going to hide behind this liquidity and treat that as a failed breakout or an up thrust in wyckoff terminology and that means that we're looking for a scale so you get in around there of six points being one hour on the way down so you'd need to have got your first scale out by about 62 63 64 so when you see the mbo stop run there and by stop run it's a small stop run in fact that one's actually potentially a stop runner of the late players that came up into liquidity you're looking to scale um straight away certainly um when you see that particular stop run and you've achieved your what your one scale you you should not be greedy because absolutely anything can happen and we know that there was liquidity upper 80 that they're likely or wanting to play with um you have a little iceberg here which i tend to disregard in queue if that was an iceberg in es and it had a decent size i'd be looking at it as a target but since this is enqueue since it's got next to nothing by way of filled orders i would not be looking at that i went to zoom in too much because we'll lose the perspective and we'll just keep going um let me just check for more questions i think that sam got his question answered no there's no more questions um so after we have a good move down right the thing this is one of the trades that i was talking about previously um i'm expecting on on nasdaq that there is a good likelihood that we'll get a follow-through in other words we know the second wave or the first low low will will quite often lead to a second lower low um so if we were to talk about market pulse there and we'd seen that big move down we'd seen some size by way of the sellers coming in there you'd be looking at a second short you you've got this liquidity that they're highlighting to you and you'd be trying to trying to get down towards it but again it's all about scales and equal risk not because nothing is low risk in this game and making sure that you could have a scale out of at least one r and and so you could get a runner on um this is i'm good to see here because this is a contrast to the blood that we were talking about so you'll often see this in enqueue which is just market makers flagging liquidity quite often they do not want to get this filled um it it will just come in after the move has started it won't be what i call resting because it has not been here for hours and hours before uh and it is just games being played by market makers to push the price backwards and forwards we've got a few people probably in the in the audience that that do use some form of pulling and stacking tools and that's just one way of seeing the pulling and stacking in a thin market like nasdaq in eth okay um right you can see there that they didn't want that liquidity to be to be filled they put in plenty of size just above they did not want that to be filled and even when it went up to that range it um there was no liquidity there to be filled okay um this is coming up to the London Open here so this is pushed down into the London Open the thing to note here is that we had that 30 resting liquidity below you know where we might be hoping if we had been short here to get a runner there but the other thing that we should bear in mind the um that it is a very volatile period the the 3am London Open is going to be about three or four times more volatile than the German Open um usually and the other thing to note as shown in the delta column here is that as we get in there and we can see it's all red at the bottom here and by all red I mean quite a few levels to from 45 up to 51 so that's six points of potentially trapped sellers so you know with nasdaq um with fuel you want lots and lots and lots of continuous or consecutive layers of potential trap to squeeze to send you in the other direction the other thing to note here as we zoom in I have to zoom right into the London Open is we've got for the for the first time on any run a really really sizable for nasdaq purposes that is um mbo stop um so you know that mbo stop of 30 might have had about a 100 or so trades in the course of it there's there's just the mbo 30 just reversed the the mbo 30 orders in mbo terms that were hit around here but I'm just saying in terms of the overall or overall size of trap sellers you know it could easily be over the 100 mark so we're aware that we've got a bottom there and we cannot tag it again so even though we've got really tempting liquidity below and it has brightened further here in fact it's gone from that 25 that we talked about previously it's more than double to 53 um we cannot get down below this low and we can also see in delta terms that the volume per the delta was 80 which means the absolute volume terms it quite likely there's a hundred and so there is a potential short trap there the trade that I had um I had part of that short there so I didn't get in and until this area so I had just got one scale out um I saw that and I flattened uh I think I flattened not that well around about there but basically I averaged about 0.9 on that trade and I wasn't very happy with myself because I I spotted too late that we were not going to go down any further right um so we've got a trap here we've got fuel you can see the levels there and so they've got the fuel to take us higher what we know from earlier is that that 80 level which seems to no longer be blood in fact has gone in fact it was removed where was it removed I think yeah it got removed right at just after the London Open about 10 minutes two minutes five minutes into the London Open they removed it and they increased the liquidity up above at 92 so they could potentially have moved it from 80 to 92 but anyway we've got a trap they can squeeze some shorts and they can ride this market higher um again we've got some liquidity there which is not resting liquidity that they take through we've got a big move here you can see on the second half of that just the great big green dots and if we just go to there um so this is from the London Open for the first 10 minutes and we've got a direction um with the London Open once they establish a direction they tend and again tend is just a rough probability it's not a verbatim it can happen it can not happen but once they choose a direction and it may be something they choose straight off the bat at 3 am it might be something where they play with people for the first five ten minutes but once they get a direction they normally stick with it until the 330 ai the first 30 minutes of the London Open so it's just one of those things again that you experience when you trade this particular session so you know that once they they have some fuel um they've got real volume going into this it's likely this is not fadeable so when you see the market pulse is there that's not what you should be doing you should not be fading this one because the direction has been set and it could it could go on and you know it could it could go on till 330 it could go on for the next two hours um but we also have from what we looked at earlier resting liquidity there so there's a clue there that still remains in place that whilst we have a big move up there is a potential that they can bring that down later and the fact that e e s is dull means that there could be a great game on for them to make money both by squeezing the shorts and taking it as high as possible and then trapping the late longs and taking it straight back down to that 155030 level so if we just look at what played out they kept right to they kept them the upward push right through the the the 330am you get some more market players and bigger banks coming in around about the 330am and then the game changes so let's have a look it's just having a look to see where an earth a good short could have come into play if you have been looking to try and get a runner on to that 330 so you've got this heavy heavy band of liquidity if we zoom right out and then zoom back in again you've got a great big pop there you've got some fuel there but not a tremendous amount of fuel you've got a very thin little stop run there it's only an eight by three on the mbo scales but if you we zoom in on the way that the book map action is whilst that may not be the biggest clue from an mbo perspective where you get a vertical little run like that in nq right up to liquidity that can be a very very good trigger here you've got market balls kind of helping you there you've got a nice liquidity band of over 20 and it runs what's it the runs about 61 it's a 10 point run up to that again that's not using that's nothing for nq but that is a if you're looking for a short I'm not looking at the chart so we can look at the last little high yeah it's a potential little breakout value that's one of the trades that you're always looking at nq is where it takes out the previous little high by a little bit a look above and fail we call it and then it plunges straight down so that would be the best location if you had been looking for a short trying to play that 030 resting liquidity blood level and you know whether you would have been able to hold it during these little ups and downs I don't know and there was a really really good pull back there who knows and let's see how long it took for that 330 to play out these right the 030 I keep calling it the 330 for no good reason yep 44 and then so if you're looking to play that out and then there eventually gets taken out and it does and you if we zoom right into that that's the end of that particular game so they've set that game up and it's the final end game is essentially at 437 so it's a game that they set up to play at I think we call it 2345 it's quarter to midnight New York time and for yeah nearly five hours later the game has finished its duration so it's quite interesting just watching these games play over and over again because if you can the spot them in book map or you can give yourself the various scenarios in your head and accept that the market will and can do absolutely everything and try and put people off as absolutely much as possible there are some really good clues about where they actually want to play that game too so on in this instance it looks like a 50 point game between 030 and 080 and maybe one of the reasons why they did not need to full liquidity it was 080 was that they had enough buyers trapped on the way up to the 70s to turn it down and go for the 30s anyway that was just a quick look at the potential games and how you could have used market pulse during that London Open and I would say that the NQ was the only game in town on this particular session and the ES was incredibly dull and we would not have touched it during that session let's just look at the time and also look through some questions no no more questions okay Bruce do you have any questions on that okay we're going to switch over to what is currently happening live by the way on Friday's session we should have a completely different breakfast stream because we have the main the main news of the of the week I think we're we're coming up into a holiday weekend but on Friday we do have at 8 30 a.m we've got the US PCE US consumer spending and US core PCE all at 8 30 so during Friday's session I will make sure that we are focused on streaming ES and just watching the ES action into the 8 30 news and seeing both what we can see before that news actually happens and what we see in the 15 minutes afterwards quite often on a trend day there is a statistic out there you know regardless of whether it's true or not it's one of those things that you have to test yourself that if the market gets into a trend it is likely that the low or high for the next few hours is set within 15 minutes of that 8 30 a.m release so it would be interesting to see if that is one of those scenarios on Friday because it'll be within this breakfast streaming session okay yep moby just a quick note so I actually you can continue on no no no go for it yeah I'm happy to take a pause ah okay um the trader map pro product there's some new algos in there that you may want to play around with because you were mentioning earlier that around those big figure numbers or those whole numbers that you discount a lot of that liquidity and you can actually set up your trader map pro to look for unchanged liquidity over time or changed liquidity over time or pulled added or pulled and that might be a good one for you for this London session no no that would be great I mean you know that's again goes in goes hand in hand with the the idea of you know upgrading my my six year old beast yeah I'll be a lot more willing to throw more book map functionality at the the new upgrade yeah I mean just to play around with it I mean and the way that trader map pro works anyway is you need to create a new symbol nonetheless so you might be able to put that on another monitor or be able to see it and try to get some additional insight into the because what you're covering here and where this might be helpful to filter for that data is with the gaming of these levels yeah exactly I mean I mean you I think you have to look at every session with positive optimistic eyes I mean you know we can talk about oh this is going to be a really dull session because yes it's just not moving but there are other games that you know we can have in our logbook that you can then play with NASDAQ in in dull sessions and that's why I spent 30 minutes talking about that particular session you know the the range was still pretty low for NQ and the volume wasn't huge but in some ways you know those games are I don't know about using the word better but they're cleaner to play in NQ and depending on your I mean on your risk approach I mean I've explained my risk approach which is equal dollar risk but we've got we've got some people that take wider stops they're going to get less hurt in a slightly dull cleaner NQ session than they would in in some of those London opens when there's a lot of volume and there's a clear direction to move at 150 points but yeah if you could have Trader Mat Pro and you could do your homework you know with that I mean I take it there's no alert system so you you can't get an alert as you know when you know if there's been a resting liquidity say at that 1503 to 0 level that has now been there for three hours it doesn't tell you that yet does it just just taking a look I don't think you can get an alert set up for it um uh no no maybe something that's added in due course but yeah but it's only you know when you're doing your prep in eth more than rth um some of those resting liquidity levels really really can be helpful um again you know it's personal you you've got to test these things out yourself take everything that I say with a huge pinch of salt but from from what I've seen just knowing where they are can be useful because it opens your mind up to the games that they might be playing okay yeah yeah I mean maybe you want to if you do have a moment maybe next time uh demo the Trader Mat Pro uh to filter for or play around with it I guess first but the it's the the filter that you want to play with is called the orders that have order change filter and yeah then what you can set up in there is orders that were changed or unchanged and then it's by price or size and if it's for you I would play start with the changed and then price or size the the one that we found be more helpful and this is why I'm kind of excited about it because the one that we found more helpful during the regular trading hours is the unchanged by price or size so it's liquidity that is not being pulled uh in fact uh I didn't really have much of a use for the changed one but now it's crystal clear this would be really good for you yeah that would be good you know I'll definitely that you know whether it's this Friday or it's after the upgrade I'm getting my local PC shop to to build it over the next couple of weeks um yeah but yeah yeah I'll I'll definitely include it in a future presentation um yeah there's a there's a gap after this Friday's but um after that I will definitely bring it in but yeah meanwhile let's let's have five minutes looking at the yes and looking at the calendar as well the calendar this morning and going back to this morning not Friday um unlike Friday we have not got a lot going on in the calendar we do have Feds Powell himself but that is at 2 30 a.m. I'm just checking my financial juice feed and it seems a bit late um let me just have a look see if there's anything on at all we've got crude all inventories at 10 30 we oh no it's sorry we do have Powell um at 9 30 a.m. we've got Bailey Lagarde Powell and Euda all speaking so we could get some really good volatility at the open um you know we can see here on ES there's been a that's a nice size on that iceberg there 370 have been taken so far so um yeah that's interesting and if we zoom out that's a very thick band of liquidity so you know um from a skeptical perspective I can't see that they would just go straight through it if it was above and in eth it's a completely different scenario I've seen many asian sessions where you can have various you know almost sequential bands of liquidity in in ES and then he eats through all of them because they're trying to get filled all of them but here you know being just before the open or 30 minutes before the open you'd think on a dull day that we might be able to get some fade and bounce at least for two or three points but we'll see I haven't focused heavily I haven't done any prep so no real comment there it's just interesting to see how thick that liquidity is compared to the liquidity above in fact there's very little liquidity above it's one of those scenarios where I definitely would want to look at trade a map pro and see what had been going on for the last hour or two in ES let me just flip over to the charts for a second and go forward in time to where we are now yes that's yeah really quite clean action isn't it um yeah that's got to be an advert for trading dull sessions you've got a great big move down lovely clean pullback and then another move down that's quite rare um I think I've looked at just about every technical analysis indicator around there and that is used a lot but I would like to point out that it's rare that you get anything as clean as that by way of a chart action I think uh you know that that's one of the most perfect pullbacks I've ever seen not something we tend to get these days um right okay three more minutes let's see if there's any more questions we've got a question on YouTube what do I need to watch the ES mini futures order flow is rhythmic enough um wondering if that question is just your data feed question or um yeah I think I partly answered this last time around um yeah rhythmic is is an excellent data feed if you like looking at mbo type data it's the only it is the only data feed that will show that to you to my knowledge um there are other futures data feeds out there another one offered by bookmap is dx feed another high quality data feed um there are lots of instruments at various times of the day whether it's eth or rth that offer confluence or correlation um bookmap's got quite a lot of stuff on correlations as well um I would not trade with just looking at es and enq in isolation in eth that is just my preference I like to look at lots of things um that may be and again that's a double-sided thing you know you can look at too much um I said the other day I like to look at some things for the level of volatility um you know in other words am I expecting a real action that's worth trading or should I go out for a long run or a bike ride um I'm looking for things that might be driving the market you know is the is the nickeye in a in a trend situation does the dx look like it wants to go somewhere I mean with the dx um there's the old expression does it want to go home um so you know one of the things I'll do on the prep into the London open is look at where the dx is in relation to its home and its home is settlement I either the basically the close from yesterday and see if we're a long way away from there if we're a long way under settlement and we're not getting clear down trending action um I'm thinking one of the games might be that we're going to get a ride all the way back up to that settlement and that may offer some good longs in e s and n q on that way um yeah things like that um looking at the currencies um always looking at dx y is a proxy for how strong the dollar is even though it's pretty much uh heavily weighted towards the euro that the dx y so you know right now we've crossed the 103 threshold we're under 103 but the um the dollar is still relatively strong and today certainly for the last few hours it's been going up um we've had inverse correlation for the majority of this year between the dx y and um the the nasdaq but you know these things can change but it's just one of the things we look at um I built myself a little colored heat map tool in trading view I think it's yeah it's free of charge for anybody that wants to use that that just gives me a colored heat map of of where things like um the other indices are the other currencies are etc um so so I'll look at that uh and see if anything is is having a really really strong move today um you know if I look at it right now I can see that most of the most of the other currencies are down across all timeframes I can see you know naturally gold will be also down across all timeframes um bitcoins you know finally having a down day it's I think it's it's had quite a decent move up recently um none of the other indices Japan or DAX are up are up much sorry no Japan is up 1% I'll take that back China's down 0.1% and the DAX is up a little bit so you know I like to know about what is going on in the markets I think it's too easy to get um narrow vision and you know just um just have tunnel vision and just look at one thing alone it might help I mean you know focus and concentration can certainly help you if you want to take smaller trades in ES and NQ and you know almost use the word scalping again but I don't think that's a dirty word because each and every trade I take is equal dollar risk so a scalp to me is worth the same as a giant 10-point trade in ES um but um yeah yeah you've got you've got to find out what works for you how much information is enough how much is too much right I think I've gone past the breakfast hour so um I probably have to wrap it up Bruce um okay Moby yeah sounds great like uh um yeah and Friday will be a very interesting day for you uh as well I'm looking really forward to seeing like um uh you know you covering the economic events uh and how you look at that uh at the 830 East Coast time because that's such a huge part of yeah you know um one or you know extended trading hour sessions yeah and yeah normally we would we are probably both Wednesday and Friday we'd get something this week it's just a Friday and it's also a holiday weekend with your July the 4th um but yeah um I will not be streaming enqueue during that um I think that goes without saying that it is it's just too thin that um you know if we looked at enqueue flick it now um there if we looked at it just before a market release there'd be next to no orders in there the book would be too thin and the ES itself is is pretty thin I've I'm only one of the things I look at in one of my other platforms is I have a an average liquidity reading of the 10 nearest the book you know it's 10 above and 10 below um price level so um there is a there's a stage you know in my personal view where it gets too thin and I I won't trade it and it's partly because your stop is not your stop in that in that scenario if it's too thin it's going to go way past where you believe your stop was but anyway that should be interesting for for Thursday because the books should get lovely and thin just before the 830 announcement sorry Friday right so I will end the stream okay thanks thanks everybody