 Good morning, Traders. Welcome to the Traders Lab. I'm your host, Tom B. Can I please get a screen and audio check? Yeah, good morning, Dan, and good morning, everyone. Welcome to the Traders Lab. I'm your host, Tom B. Hope everything is working okay here today. I'm streaming live from Costa Rica. Costa Rica's infrastructure is in development. So if I do drop out, please be aware that I have backup from book map support. And if I fall out of YouTube, YouTube thinks the stream has ended, but there will be a new link available and it should restart for you. Just be patient if that happens. And of course, in Discord, I will come back in as soon as the internet and it recycles and everything comes back up, which can take up to five minutes. So please be aware of that. And thanks again for visiting the Trader Lab. Let's get down to business. Now what this stream is about is integrating book map order flow tools with auction market theory using the volume profile in the intraday developing timeframe. I'm not going to spend a lot of time on the sense of how this business works. If you've been following the stream, you understand that this business is not a prediction business. This is alignment and understanding market mechanics and using tools that are not indicator based, but more contextually based. And then traders can use whatever helps them get into alignment where they can extract a statistical edge. The business of trading is really statistically based. It is not predictive. And there are many webinars I've done that are available to all of you in the Bookmap Discord server in the Trader Lab. And there's no cost to you to watch this library. Plus, there's 60 PDFs of structured trades you can download in reverse engineer and whatever fits, feel free to use it. And there's no cost to you for this. General disclosure, all book maps, limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice or recommendations. Risk disclosure, trading futures equities and digital currencies involves substantial risk of loss and it's not suitable for all investors. Past performance is not necessarily indicative of future results. And Dan, would you please confirm that if I go down because being in Costa Rica that the YouTube channel will automatically go back, go into the replacement stream once I come back up so that the listeners don't have to find a new link? Is that correct, Dan? Okay, fine. So I understand, Dan, if YouTube goes down for our YouTube participants, do they just stay where they are or do they have to find the new link in order to pick up after I drop out if the internet goes down for a couple minutes? Okay, YouTubers, so you know I'm streaming from Costa Rica and I'm just going to clarify that if I drop out like I did yesterday, how you get back into this stream. In the meantime, let's get going and I'll have that for you in just a minute. So let's go take a look at the higher timeframe. Let me try to get this thing going here. Hold on. Okay, let's take a look at the higher timeframe. This is as of yesterday. Now, yesterday we had WIC up here, WIC down here. This creates something called Balance. And Dan, if you could let me know the mechanics in YouTube, if I drop out of that stream what they are visitors in YouTube should know as far as how to get back in if I drop out. So what we were looking at yesterday is we had a WIC up here and we had a WIC down here. And this was our high volume area, 67. And the profile very simply is a shopping experience. And I cover this substantially in other streams. So I won't go into it here except what it means selling here, buying here. And what that creates is compression. And some of you guys might look at this as a flag, you know, depending how you, you know, slice and dice it. A pennant, right? You may be, you know, I'm not saying it is or isn't I have no clue. So we're looking at these two days. And yesterday we anticipated a compression and a tight range or an essentially an inside day and two-sided trade. And that's exactly what we got. And those of you who are following the stream are also just participating in the market. It is very challenging. It can be very costly if you don't understand the condition of the market. And that is called context. So the thing about this is you have a, if you're in the trader lab, you would have a trade plan and you would already recognize the condition of the market and again potential condition. And then you would deploy a plan that you have vetted that has a statistical edge where you might or might not participate until that edge shows up. And most of us retail traders, non-professionals, let's say, who come into this space or the retail business don't understand anything about context and really don't understand what trade plans are extracting a statistical edge is. And that's why they don't stay in the business. So this is, so we anticipated this yesterday. And we were really looking for, based on our statistical probabilities of a potential move to the downside or outside edge, not out the bottom, which of course it can, but more of a rotational trade down. And we missed our primary downside target by maybe a point or something yesterday. And then at the end of the day, at the end of our T8 session, we squeezed all the shorts out. What that said yesterday was we had the potential now to move higher, now higher to what that's part of the throw. Now I want to show you two other levels. And then I'm going to move on. Let me, well, actually let me move to wait. No, no, no, no. Let's get over here. Okay. This up here was a target. And you guys are following the stream, you know, we had a target sitting out here around 5050507-ish somewhere in there, 55502. And this is posted in the trader lab. And this is part of what auction market theory is based on. What is a product worth? And that's basically shopping, you know, retail. And if the price is too high, we can fall away from it and try to find a price that's too low. And if you notice the low of the swing, which was right here at 4866, this target was 486775. So we hit this target right on the button too low. Then we rejected this and we have our upleg trend day up. And now we're moving to the other side. What is too high? That's how the auction works. And again, I'm not going to go into that, except that's what trader lab is built on, market mechanics, not indicators. It's participant behavior. So this was a target. And then this is our all-time high. Now, when you see these prices, you're going to say, well, that's not the all-time high. What these are are adjusted prices based on rollover, which are adjusted for what's called carrying charges. And these are futures contracts. So if these numbers don't make sense, they are only the prices adjusted, not the volume. So everything is in alignment to what happened previously. Now let's look at today. I'm just going to show you the position of the market. And then we're going to go into real time. So what did we do? We gap. We opened out of range. So that's a gap, price gap, right? And now we hit our primary target up here. And now we're auctioning to see what's too high, what's too low. And when you open out of range and out of balance, and this is balance, this here. Okay. When you open out, it says that the market now is rejecting this price. And currently the retail price for these three days of balance is 67. So it's important to remember 49, 67, and 62. You can write that down at the moment. So that was our retail price. The market has gapped and rejected it. What does the market tend to do? Check previous retail prices. Is this too high? And at some point, it will be somewhere, wherever. And then we can come back and check this, or this, and down here. So don't forget those. Now I'll help you guys are with me. I can't see your questions. If you have questions, please post them. There's about a 15 second delay in YouTube. And remember, YouTube, I am streaming from Costa Rica. If it goes down, there will be a replacement link. And you can also go to the Bookmap Discord Trader Lab chat. There's a link in the bottom of YouTube if I lose the stream. I am in Costa Rica and yesterday I lost the stream. And it may not come back in YouTube if you want to continue with what's going on here. Also, all of these streams are available to you in the Trader Lab for review. It's exclusively for Trader Lab participants. There's no cost to be part of the Discord community, including the Trader Lab and all the resources. I only cover day Trader High. Thanks for visiting Trader Lab in YouTube. I only cover the auction market theory in the process of building trading plants in the business of trading. I use the ES to be consistent. The process is generic. You can trade these. This process across all asset classes, it's all the same. Because the market basically functions the same way. It doesn't matter what you're trading as long as there's some volume. Gold, I mean every market has its own idiosyncrasies. You have to understand market mechanics for your product. For example, if you're going to trade the NQ, which is a thin market, you know you have more risk because of slippage and the rotations and the range is greater, but the mechanics are the same. This is the ETH profile over here. Now, what it's going to show us, and this is pre-RTH right before the RTH open, which is 830 My Time Central Timeline. Let's take a look at this. This is $49.62. This was the highest volume price yesterday. Think of this like in a shopping experience where the fair price is because high volume equals acceptance between buyers and sellers. The value area is where most of the volume took place yesterday. We closed up on the high, near the high I should say, outside of value, and this is yesterday's high. So we know yesterday that the shorts got squeezed out at the close, which is always a joy. So now in the ETH, we basically open in the ETH and we check inside of the range and then we reject it. Now, what's interesting about this, a couple pieces. The highest volume in the ETH is here, this yellow line, and it's called the overnight volume point of control. Let's go sequentially. In yesterday's RTH, this is your, quote, volume point of control. It's a profile term. All it means is high volume, okay? And ETH is, Matt, is extended trading hours. That's Globex basically. So that's 5 p.m. central time until RTH open, which is 8.30 central time. So it's the overnight session and it basically is reflecting Japan and Europe. So this is basically your retail price. Now, we have this retail price that I showed you on the higher time chart as being too high and as a potential target. And those of you who follow the stream, you know, this was our target on the upside and like everything, it's not a prediction, it's maybe, because that's all you have in trading, it's maybe. And this is a high volume location in a previous location, I should say in the higher time frame, high volume. So retail area. So coming up today, our targets were this and this. And then, this is just to add more joy. This is the all time high in a, for futures in an adjusted contract and clueless. Not concerned, it's just there. Okay. So that's the lay of the lay. That was one more piece. If this is retail yesterday and this is retail overnight, what do we know? The buyers and sellers who are interacting are suggesting potentially this price is too low. This is the current retail price, high volume. And now let's look over here. And this is really a little mini lesson in auction, how it works. So you understand the basis of the market is not your indicators. It's actually what's going on with value. What are the participants, which creates volume? What do they think of the price? Well, this could be retail, but if we leave it and we start rotating and moving away from it, it's basically saying this price now is too low. And as we create distributions, that's rotations or consolidations, the high volume that's created in each of these is like a retail price, volume inside of consolidations. Well, as I march higher, I'm basically rejecting the previous nodes or high volume nodes saying that price is too low. So the participants are auctioning. What do we think of this? Nah, it's too low, it's too low. So what we see is, and then we get our RTH open. So basically, we're rejecting the previous interpretation of pricing. Does that make sense, guys? And I have to go over this to understand why. Because if you don't know why, well, what's the point? And you don't need this stream. You don't need anything. But the reason this stream exists is to help you differentiate your results from other retail traders who may or may not be successful and also do not have a plan or understand market mechanics. Because to deploy indicators, if you even bothered, I don't use any, but if you did, you got to understand where they fit and the condition of the market. If you get into a trend configuration like this, a lot of indicators actually will work. But most of the time, we're not in this condition. So most of the time, those processes don't work. In the trader lab, we have different processes for different conditions. So let's go to RTH open. And remember, guys, if you're visiting in YouTube and I need to repeat this, I'm streaming from Costa Rica. Internet goes down. I'm going to lose it. I'm going to lose it, but I'm also going to lose the link. And you should be able to get another link. Or there's also a link in the bottom of YouTube that can bring you to the Bookmap Discord Trader Lab chat where I will reconnect without any problem. And there's no cost for you to be part of the Trader Lab or the Bookmap Education Rule. And there are 60 PDFs of these structured trades you can download in the Trader Lab plus a library of webinars, some up to four hours long of real-time narration. So just some fun facts and I'll tell, let's get to the RTH open. Okay, this yellow line is called the developing volume point of control. And what it is, is retail. So what I'm doing with Bookmap is now I'm kind of in this ecosystem of micro, because if I understand the broad strokes, now I need to get down into the more minutia of order flow, icebergs, stops, limit order book, of course. Where's the stacking? What's the change? What are the algos doing? And I want to watch the structure in the microstructure. So that's what this is all about. This is where Bookmap comes in. I call it the tip of the spear. And if you watch my primer webinar in the Trader Lab chat, you'll kind of get an idea of how an overview of this process that I just described, it's kind of important. Because when you look at something like this, especially when you're not dependent on indicators, what I have found is, you know, indicators are lagging. Fine, we all know that. But if I'm going to interact with the market, I might want to do it in here, not where, you know. So that's just me. I find that if I understand market mechanics, I can enter and manage my trade on a much more timely basis. So we open our TH open right at the ETH high. So what does that tell me? We got buying here, guys. We're at the high of the ETH. And based on what we saw, right in the ETH, we're going higher, higher, higher, higher, we're not finding consensus on a fair price. So the market is saying, what's this thing worth? I don't know. So now we know that we have a target up here. So if this was too high previously and we fell away from it, the nature of the market at times, and I always have to say past performance, not indicative future results, is to come back and check it. While this was too high before, based on what we perceive value to be or the perception of pricing, is this still too high? And the market has a tendency in all fractals and timeframes to come back. Okay. So let's look at this. So there's a couple of things we can anticipate. So this is a gap out of range, right? So we know we have a gap. We know that we are rejecting yesterday's pricing and that we're breaking out. We know that. So it's a breakout and it's what's called potentially initiative behavior. This is a big deal. Now, here's the other part of this, two pieces. And you need to think about this and take notes. The market goes up to go down and the market goes down to go up. And that's the rotational aspect of the market. And it happens in all timeframes or fractals. And I don't really think of time, but call it time. And these rotations, there's traders on both sides in all timeframes and consolidations of rotations. Whoever is off sides becomes the fuel. So if you're short in this market, it opens higher, who thinks? You're going to cover because you're getting squeezed. The other part is, if you were on the right side of it and the gap's higher, you might respond to the higher open and sell it and take a profit. You see what I'm saying? So you get buyers. And then after those buyers, the longs that are currently in their sell, and that creates potentially a counter rotation. Now, it doesn't have to do that. It can just gap and go. Most of the time, though, there is a degree of counter rotation. So, and here's why. So you get the gap, you get buy stops, you get breakout traders. They put their stops wherever they become the fuel for the counter rotation down, plus profit taking. I hope that makes sense. So in a gap situation like this, we don't really want to sell it. We want to buy it. I think you might agree. But suppose you wanted to sell it. If your trade plan has an edge, then you would sell it. I'm going to show you two structured trades right now. I'm going to show you a short. I'm going to show you a long. Now, what qualifies the short? Your trade plan and your metrics. But I'm going to show you structured trades. I'm not saying what you should do. In the trader lab, you know what you will do because you have a business plan or what's called a trade plan, and you have a vetted and you have a statistical edge. You might not have an edge to fade this market. But then again, you might. Maybe I don't. And I'm not saying I do or I don't. I'm saying what do you have? If you don't know before it happens, I'm going to suggest you are gambling possibly and you don't have a business. You are just sitting at the table in the casino. And I always say, if you're going to do that, go to the casino, get the cocktails, get the ticket to the buffet because you know you're gambling. If you think you're a trader, that is not the business of trading. The business of trading, and I have webinars on this you can watch, is really gaming theory, understanding that the outcome of any trade is random and understanding market mechanics and getting alignment. So let's look at this trade. So we get our gap. This yellow line represents retail. So right here, we're gapping or at the ETH high. I don't know about you. I'm not so keen on getting short, but I'm going to show you a short anyway. And again, do you take this short? I don't have the answer for you. I have the answer for me. So what do we see here? This is called, so the market gaps and we anticipate a couple things gap and go. That's one. And the other is responsive selling, right? What do I get? Volume, I see a 600 selling iceberg up here, nice, nice number. So that's maybe profit taking. I don't know. So let's look. Buyers, this is aggressive buying, buy stops coming out, watch the micro structure, selling, pullback. This is retail at the moment. And that's because at the moment, most of the volume is happening here at the moment. I break away from it. That is suggesting in a fractal or micro timeframe, this might be too high. So now if I come back here and I don't take this out and I don't take this volume out here, which is represented by this little node, and I don't know, you know, it's a potential short. Now by short, that doesn't mean a short. It means counter rotation or subject to your plan a short. And I want to stress the difference. If I want to get long and I see this, this tells me don't get long here. It tells me short, but not a short based on the context. Can you differentiate that? If you don't know the difference, then you might have some work to do. So let's look at the short that is really an opportunity not to get long, but to anticipate in order to participate, vetted trade plans, all your work is done outside of market hours. So this is a short that's not, unless it's in your plan. So let's watch. So you'd have a short notice the response of selling. Remember, that's one of the possibilities. In the trader lab, you know this because this is what we do in the trader lab. Now for me, never mind for me, this is short. That's not a short. It tells me counter rotation responsive. I don't know anything. I have my liquidity down here and I'm looking for a potential long. Now let me show you some levels that are important overnight mid and yesterday's high. So what's the possibility overnight mid and fill the gap, right? And there's also the possibility of a half gap, but let's just stay in the space. So I'm coming down. I'm coming down. I'm coming down. I'm looking for a long. Where's my long going to be? I don't know. Let's watch. Remember, I can't predict anything. I can prove it. I spent years with system design and indicators trying to predict what was going to happen. And I figured out that's not my job. My job's not to predict. My job is to align and anticipate behavior. That's the job of a trader who anticipate behavior and to seek alignment and then structure of the lean on where you can have a triggering structure and risk management and the rest of it. So we're coming down here. So this is what I see too high. Remember short. That's not a short. Unless it's in your plan. Here's the volume too high and going down, going down. Lovely. I see selling excess here. I'm in a down leg. Let me show you something else. Let me just find it here for you. Hold on. This is Delta CVD. I'm watching the Delta and I don't use this for trading, but you can. If you understand, if you have a trade plan, that's where indicators might come in. And these, this is an indicator core called the market pulse. It's in book maps tool. And you have to understand indicators are not red light, green light. If you think that's what trading is, I'm going to, I want to suggest you might want to reconsider that. I have a webinar I did on trader groundhog day. You might want to take a look at that because most retail traders get trapped in trader groundhog day and they never figure it out because they think it's just a turn of the screw and unfortunately it doesn't work that way. Again, just a thought. So right here, we see the market is coming down. That's where the sell delta is. Okay. Market orders, profit taking. We're seeing some icebergs. These guys are pulling in the order book. So there's no reason to think we're not going lower because nobody knows. Maybe you do me not so much. Here's what I see. CVD. And this is the market pulse. Right here, I'm seeing divergence. You guys know about divergence, right? You know that. What do I have? Market pulse here. This is the volume pressure. And I come down. Here's, I have negative CVD and I have the market pulse right here, diverging. So I'm thinking, and I can't do anything with this other than anticipate something might be about to happen. It doesn't mean buy it here. Wouldn't that be nice if we actually had something that would do that? That's not the real world. So I'm anticipating behavior. Here's the first up leg right here. Right here, over here, there's volume. In other words, this little structure. Now, this is, if you haven't seen this before, you're going to say, oh, I can't do that. And I'm not saying you should. What I'm suggesting to you is I am now looking for a long because of divergence here. And now I'm looking for a trigger. I don't have one here. Here's how you look at a trigger. Volume, seller, test. I'm looking, I needed to break above this structure and these sellers for a buy trigger. I don't get it. That's nice. More selling, too high. Volume. I'm looking here. More sellers. I'm looking forward to break high. Nada. Come on. Break lower. Here's the volume, microstructure. You can see the little high volume notes. Now, this is not your thing. It's fine. It shouldn't be your thing until you understand it. And I see what? Break low. It's going lower. Buyer. Break high. Change in behavior. Now, where's my volume? It's in here. If we think of the concept that this is retail, highest volume in the developing time frame so far for the whole day. So high volume. But we go down in time frame or fractal. This is like Russian dolls. This behavior is taking place everywhere. But, you know, and we can read it if you're in TraderLab. So I'm not using a backwards looking indicator. And I'm not living in the world of conflict. I'm living in the world of anticipation. Kind of like those ketchup bottles. Anticipation. Very slow. But this is very fast because I'm in real time. Change in behavior. Now, that's a trigger. Now, I need a pullback to check. Is this volume, and it could be this or this, too low? Same reason this volume was too high, just fractal. And this volume, look, just look, was too high. See the test? Same process. Now, I'm doing it from the other side. So, and I'm only doing this so you guys can kind of see market mechanics. Where's the high of the volume? It's here. This is a potential long and my stop has to go under there. Where's my target? Here. Let's come back. It stops under here. This is your target, target, and then north. This is called mean reversion. And it's an outside in process. So, this is the mean. Now, when this shifts down, this is the mean. So, the conservative trade is back here. And this is likely also. This is an algo. Look at this thing coming in here. And a lot of algorithmic behaviors to fool you. Watch. Where do we pull back to the volume? Are you guys tracking so far? I've taken my time in this. So, you could see, does your indicator let you know that you should buy it here or here? I don't think so. The only reason I can say that is because I spent years using indicators when they first came into the public space. I started in 1980. And then I built systems, which are really based on derivatives of price, backwards looking price processes. So, I was always behind. But I was a swing trader and a trend follower. So, it wasn't the same as what we do. But most retail traders are doing the same thing today and they're trying to day trade with these things. I'm going to suggest that might not work for some traders. You might be the exception and that's all fine. So, here's our target. And this is an outside target here. So, these are primary targets that are on the price map other than the all-time high. Are you guys tracking? Do you have any questions so far? And remember, if you're in YouTube, I am streaming from Costa Rica. And if I drop out, and I have to say this, if it drops out, it takes a couple of minutes for me to get back up. There is a backup link that you should be able to access at the bottom of the YouTube chat. It will take you to the Bookmap Discord server where I will come back up. So, you can continue with this. Also, this stream is available for 24 hours exclusively, the Bookmap Discord participants and all of this, plus a library of webinars and 60 PDFs of structured trades. You can download these and there's absolutely no cost. That's all available to you guys if you find interest in this. You know, when I first saw our volume profile, actually it wasn't volume profile, it was market profile. And I learned it from Peter Stottelmeier. He actually created it. He licensed it at the CBOT. So, back then, back into Stone Age, when I started trading, I learned it from him and then I couldn't use it because my brain was still hooked on indicators. You know, it's almost like red light, green light, tell me what to do. And if you program it, it'll do all the thinking. Unfortunately, that's what most retail traders do. And it doesn't matter how sophisticated you get with your signals, they're still backwards looking and lagging. I want to enter here or here or here, not here, with a risk out to here. I want to be risk neutral. And then I'm going for my structured trades. Remember, structured trading. And now if I get above this, now you're going to find this interesting, if I break above this and I return back to it, that's also another structured trade in the trader lab. Let's go take a look. So, I'm going to show you something interesting. And I mentioned, I posted this, I posted, you know, by the way, in the trader lab, we all know what we're going to do before it happens. Do you know what you're going to do? That's called a trade plan. Now, the thing about a trade plan is very much gaming theory oriented. In other words, you know what you're going to do. You don't know what the outcomes are going to be. It's no different than how the casinos operate. They just play the game with anchored inputs. In other words, they play them exactly the same way. But the cards are random in the way the gamblers interact, you know, with the cards is random. They are in a random environment. If you can accept we are in a random environment, you're going to throw away this thing about being right and predicting. It's, in my opinion, the wrong path because you're going to spend your life trying to predict something and you may find most other traders have walked in your shoes with the same toolbox of canned indicators and they're not in the business. Now, I'm just going to ask you to ponder that and ask yourself why you might anticipate a different outcome. And I'm not saying you won't have a different outcome. I'm just saying everybody else who's been there before you also believe the same thing. I thought it was that way. I thought, well, it's all buried in this. I'll just find the right mix. I call that trader groundhog day. When you do the same process, season you end up in the same place. What keeps us in the belief of a potentially defective process is that it's random and gamblers win. They come back to the table. What does the casino do about that? Do they change blackjack to 10 cards instead of seven? Do they shoot the dealer? I mean, what do they do? They don't do anything because they have anchored inputs, not variable inputs, and they know they have a statistical edge. This is what trading is, in my opinion. Again, it's just an experience and anyone, not anyone, but let's just say most who you speak to who are in this business with any longevity are going to tell you that indicators are not the solution. They are actually part of the problem and it's because retail traders put all their energy on understanding or trying to use indicators to solve the problem. Think of an indicator like a translator, like Google Translate. What this is is speaking the language of the market. I'm not using a translator. I'm just speaking the language of the market. It's another way to think of it. Here's what we know. Right here is liquidity. We took it out. You see this aggressive buying. What that indicates is the possibility exists for a couple pieces. To come back here, this is called the low volume node. We broke out of this distribution and accelerated. That's one possibility. The other possibility, and I posted this in the trader lab, remember, is this area. We have a couple areas of potential continuation trades. Let's look. On a day like today, there's not a lot of opportunity. You've got to be in this thing and then use rotations to either add to position because it's a different kind of day. It's a trend, what we call trend. Trends are not the majority of the day. They're pretty much moving the morning and then rotational, two different trade points. Let's look. Let's open this up. What we're anticipating is this. Return here, outside edge, and return here, edge. Let's look at the micro distributions. You see what this is up here, this little thing, and I don't know what's up here, but that's micro volume. See that little node? This is an auction. Is this too high? In the micro, called electron microscope area, there's your counter rotation. It is too high. Now, it's not a short because we're out of range, out of balance, going out to the moon, maybe. It's not a short. It is telling us there's a potential counter rotation. This is too high. Right here, it's saying potentially we might rotate down. Just like the early morning short I pointed out to you that wasn't a short unless it's in your plan, it was an opportunity to get long. This is the same thing in fractal. I'm getting a question, do I have a target above 15? Yeah, I do. All type high. Whether or not we get there now, ever, never, it's there. I can't predict anything, but that's a target because if we come out there, then you got to put your helmet on and maybe go to the fallout show. This and this. Let's watch the behavior. Absorption. We want to see this here. Let's watch. This is an area. Notice the book bulk up. These are not structured trades. This one. This is a structured trade in a trader lab right here. Anybody in trader lab get this long? Now, here's what you're leaning on. This, this in the location and the location. This is a retail price that was too high last time we were here. If you think about it, if we take it out, we can come back from the other side and check it. Now, what happens when it happens? No idea. That's not in our, that doesn't exist in our world because we are taking risk to achieve something and we all take stops. So nobody, nobody has figured out how not to lose, but we might have figured out how to have an edge and the casinos also haven't figured out how not to lose, which means overhead and cost of production, but they have an edge. This is what the trader lab is built on. The edge, the business and the understanding of the business to trade. So this is a long. So let's look at this. And again, this has to be vetted. And if you're in trader lab, you would, the 60 PDFs, I believe I have examples of these and I think in the webinars that you guys can watch. Is that right trader lab? I have these been so long. Yeah, Alice Andrew, I think I answered the question on the long, right? It was the microstructure and half gap. And you don't know, it's like catching a falling anvil. All you can do is anticipate. And then I did show you market pulse, which kind of showed us divergence. And then I was looking for the trigger. It just helps me. Again, it's not long before market pulse, I was doing exactly the same thing I'm showing you here. But, you know, and I'm not an indicator guy, just not like that. And you might want to ask why, because I found that if I stripped out conflict, I didn't thrash when I had something saying short and something saying nothing because it hadn't crossed out, you know, that kind of stuff. So I found that if I made it simple, the simpler I made trading, the quicker I could, my process, which is conditionally based, it's very simple. It kind of evolved out of when I built trading systems, which are all conditional and then with like a schematic, you know, you can diagram branch logic out. So it's very simple. Trading is simple, really. It's not easy, but it's simple. It's not easy because of our emotional attachment to the outcome. If you were a machine, you wouldn't have emotional states. If you were an algo, you would not have an emotional state. You would have a statistical edge. What interferes with our ability to trade is our emotional attachment, our need to be right, our fear of loss, you know, all this emotional wiring. And even the decisions we make on how to trade on a subliminal basis are guided by our needs to be right. That's what creates the need for more time frames, more indicators. We are not even conscious of the things that help us make choices, which may not fit in the business of trading. This is the irony of the whole thing, you know. And please remember, if you're in YouTube, I'm streaming from Costa Rica. If the stream goes down, which you can do at any moment, monkeys walk on the wires here and, you know, they create problems. So if I go down, there's a link in the bottom of YouTube so you can connect to the Bookmap Discord Trader Lab. You can also watch all the webinars there. Start with the primer one, gives you a high-level overview. And then there's up to four hours of real-time narration, plus 60 PDFs. You're all welcome to them. There's no cost. And plus the Trader Lab is a community of like-minded traders who are leveraging their collective experience so we can all get better, build out trade plans and trade like a casino. In other words, only with an edge. Let the gamblers, let the gambling go to somebody else. That's what the casinos do. I don't know about you. I want to sit with the dealer side of the table. They're not making it up. And they're not emotionally, you know, based on their emotions. The gamblers are not the house. And losses in this business are overhead and cost of production if you can reframe it. But a lot of the decisions we make about how we approach this business are not based on the business. It's based on our needs. And we're not even conscious. You know, run from fear. Run from the saber-tooth tiger. It worked really well. Don't run into the burning building. Run out of the building. How do you push against that wiring? You try to build a, quote, system or approach that accommodates that wiring. But that's not the business we're in. Just something for you to contemplate. And I call that trade or groundhog day. Because we're always, if you're indicator-based, you're trying to get the indicators to solve the problem. But maybe the indicators are the problem. Something to think about. And how you use them. So, and I'm not saying you can't, but most traders don't understand how the market works. So they're looking for the indicator to translate it, where if you understand how the market works, then you might be able to use an indicator. Interesting, isn't it? So this is our area. Break high, microstructure, seller. I know right here I'm going to get a counter-rotation. And I have to use the term maybe. Because there's nothing certain in trading, right? Too high, seller. Where do I come back and check? The volume. There. Too high. I'm in microstructure. Pressing in the order flow in the book. Over here, notice how this blocked it. Where did it do it? Let's come back. Look at the NVPOC on the right. That was our target coming up. Break high, pull back. Trader lab structure trade against this volume. Too low. So here, watch. This is your structure. This is your breakout. In another, in a higher time frame, this was retail. It's now too low. I pull back here. This is my support. Let's look for the trigger. So this is my area. I'm looking in this area for a long watch. And in the profile world, this is an outside edge of a distribution. It's called a low volume node. And what this is, so you understand some of this, when the market breaks out, it leaves an area and call this, if you look to the right at the profile, you'll see this consolidation. That's what this is. Rotation, right? So we broke out here and you'll notice over here, low volume. Low volume represents the market accelerating out of a location. Oh, we're out of here. Boom. And it leaves an area. So you see we left this area and then we broke out of it. So this is not auctioned. What it is is just ripped. Now, the possibility exists that we can come back and fill it or check it. Now, you don't know. This is part of the joy. So what does it do? It breaks out and then rotates in here. You look to the right, you'll see a similar situation in a shorter time frame if you will. So it's a consolidation. What's it going to do? Well, I don't know. If this is too high, I'll counter-rotate and maybe come down here and this might be a long, but it does the opposite. It rips out. Low volume area, right here. This now too low, run away, too low, too high. Volume. Is it too high? Do I break this way or this way? Break out, run away, too low. Volume is here. Look to the right and you see the nodes sticking out. Right? Around 53, oh, three half. That's support now. Break out again. Where's my low volume area? It's this. I come back in. I see stacking in the book. Now, I'm clueless. Don't think I know anything because I know nothing. What I know is this was too high and it's important resistance in a different concept. It might be too low. I know the market rejected this volume and I know this is where it was poorly auctioned. It's my outside edge. This is a confluence. Now, I'm looking for a long. Now, how do I get on? You're going to say, I'm going to say, let's look. So this is an outside edge. I had absorption here. That's the absorption detector. So I know that. So these guys got filled. The aggressors took these guys on and overwhelmed the passive sellers. That's absorption. So now off we go and I'm looking for this. I'm down here against here. So I'm looking for a long. Let's look. I'm giving you really detailed explanations today because I want you to understand market mechanics and how you might use a pool in real time and a high tier order flow to like bookman. I see this come in the book. So I'm looking over again. I'm looking here right here. There. Hope it's hope it's making sense. And I'm looking for a trigger. Now, I don't know. How do I get into this buyer? This is too high. There's my seller. There's my buyer. Too high. Pullback. Location. Suspect. I don't know. Break high. Where's my volume? Here. Now. Here. Break high. Watch. Where do I pull back? To the volume. Trigger. Long. Stop under here. Helmet. Scale. Get risk neutral in the trader lab. And manage your trade. I know that's a lot of minutia. I get it. There's more. But that'll so far so good. I think. Now let's look at our next location. So I have this. I have this. I posted this in trader lab. So we have this outside edge. We have down here and whatever. But let's go look. What's going on here anyway. So this here. There's your volume. You can see it here too. This might be too high. There's your seller. There's too high. There's your counter rotation. You're coming back here. This sets up here a potential long and you're going to if you want to trade fractals, you're trading back here. The volume that was too high. See? That's trading in fractals. And by the way, if you're in the trader lab, you're not probably going to be doing trades here like this. You're not going to be getting long short, long short. That's the fantasy. That's not reality of trading. Professional traders, I will tell you, don't do that. Career traders are looking for the broad stroke. But they use the microstructure for triggers. And let me show you this. This is actually interesting. So this is now the high volume. Let me mark it. I'm going to show you this. This is also a trader lab process here. Let me and now look at your questions. I'm kind of, you know, I don't multitask well guys. I'm not constant. When I trade, I do nothing else but think about what's happening right in front of me. I can't, you know, I don't check my email when I'm trading. Hold on. Let me get these levels in and we'll talk about because this is the market speaking. But let's think about what the market just said. This is too low. Let me mark this. I got to get this in. So this is too low. I call these variable high volume nodes. Let me just get them in and then I'll look at your questions. I'll explain what's going on. So the market, this is where high volume is in the developing timeframe. We break below, we test it. This sets up a counter rotation. Now I'm out of balance, out of range. So I'm not going to short this and it doesn't matter if it goes to zero. Well, it would be interesting. This says counter rotation. There you see it. We pull back here. This shifts now. This says counter rotation. We come back to it right here. If it comes down, it says further counter rotation. If we break high, it says this might be too low and it gives us counter rotation. Now we're chopping. It can do anything. This might be too high. So these are levels to observe. This is going to show us which direction are we going. So are we coming down or up? And I don't have a trade in here. So I have nothing to do. But this is what this is telling you right here. Too high, too high, break out, too low, volume shifts back up. You've got a struggle going on here. We break below it, too high, rotational. So you just have to choose your, for me, there's nothing to do. If I did anything in here, I'd be out or I'd be stalking along. But let's talk about what we know. The market's long. Where's the stops? VWOP and MID. Now in the trader lab, we have structured trades. One of them, and these are recommendations because conditions can change. One of them is VWOP or MID back to V-POC. That's one. Let me look, I want to see something else. So one out here, but it would be back to this. If we stay above this area and above this volume here, then we can potentially continue higher. I have no opinion because I don't have any trades for this. I have only ping pong in here and I don't trade ping pong. I'm not going to sell it though I might see shorts because I'm out of balance and out of range. So I've broken out. I don't want to fade when I know there's buying here. So I use the shorts primarily for trade management and then the reposition for continuation trades. It's just a choice. You could do what you want to do. Now let me look at your questions. I apologize for taking so long. And again, please remember I'm streaming from Costa Rica. If the stream goes down, there's a link in the bottom of YouTube. You can access the Bookmap Discord Trader Lab. You can take advantage of all the resources, 60 PDFs of structured trades that you can reverse engineer, take a look at, think about them, ponder them. Also a library of webinars that I've done in all different configurations of the market. It's called Context and the transitions from directional to rotational. And most of the time the market might make a move early and then get into balanced or rotational trade. We have separate plans in the Trader Lab for that. Also understanding the business of trading. The business of trading is quite different than most of us think. So if I do go down, that link's available. And also these streams are available exclusively to Bookmap Discord Trader Lab participants for 24 hours, you know, screenshots, circle arrows and all that kind of stuff. That's available. Feel free. And if this stream drops out, there will be a link I believe. And I wonder, Dan, should that link get posted now in the chat in YouTube? So if the stream drops that they can just click on that link. I don't know the mechanics, Dan, if that's a viable solution. And by the way, if you're in YouTube, please give a thumb up if you're finding this interesting, useful and educational. It helps the stream continue. So that might be something. Okay, so let's watch what's going on here. What you have is two high retail rotational trading. If this is too high, we can break from it. Now remember the structured trade, and these are not recommendations that's on the hip parade, potentially is out here. What do we know? Retail traders, write this down if you're in YouTube. Think like a retail trader. Don't act like one. Think about all the behaviors we typically do, but our stops behind the VWAP or the mid by the mid mechanically. And that's what most retail traders do. And remember, retail traders win also, just like the gamblers do in Las Vegas, cost of production and overhead. They win. Otherwise, why would they come back to the table? So they ran out of money, which is what happens to many retail traders. They ran out of time, they ran out of money. Well, they win. Unfortunately, statistically, over a large sample size, they lose most of them. And of course, if you're winning and you're using traditional indicators in a vacuum on the trader lab, help us do better because there's not one way to trade. But it is interesting to discover or try to detect what doesn't work, but then use it as an asset. In other words, what do retail traders do? Stops are here and here. What might I want to do? Get their stops out, watch this block of passive buyers in the book, see what they do. I can see this, right? Hold on. My eyesight's falling out of my head, even staring at screens for almost 44 years. Your eyeballs get shot. This is interesting. Now, it doesn't mean it's support. It might pull. It might be there as a lure for retail traders. So it's what happens here and do we get a trigger? Not does the price come here? Do we get a trigger? And if we do, we, then we're looking to come back here and potentially test the high of the day or get here and whatever. That part, no clue. Because we can't predict anything. So we're going to watch what happens here. Dan, does that link get posted in the chat in YouTube? So if YouTube drops, it'll be in the chat so they can just click that link in the YouTube chat so they could pick up the stream. If I drop out, that's what I'm asking. So the link is in YouTube, not in the discord. I mean, it can be in the discord, but that the visitors to the trader lab can get on the stream. And by the way, if you're in YouTube, thanks for visiting and thanks for your patience, you know, streaming from Costa Rica, things get weird. Okay, let's pay attention. And this is a structured area to observe. It's not a trade recommendation because there's, you got to know, but we're going to watch it. What do we have? Outside edge, poorly auctioned, market can rip through these. What's at the outside edges of consolidations, guys? Stops. So if we come outside and you could see the outside is here, we can rip into these cell stops and where else are they? VWAP and mid. So we might look for a triggering structure, market pulse, showing us potential opportunity to be observed. So let's look. And remember, we're only trying, now we didn't get to the VWAP and we didn't get to the mid. So for me, there's nothing to do. This is mean reversion. This is called outside and trading. It's a plan inside a plan. And if you're in the trader lab, yeah, Moon Walker VWAP to V-PAC or structured trade in this area is qualified in this context. It has not gotten here and you may get front running and you also have stops here, here. I prefer to see the stops taken out. That's just me. Why? Do I want to step in front of retail traders? I want the retail traders to get taken out. Then I want to see exhaustion. In other words, it's their cell stops, which are market orders. And then I want to look for a trigger to come here. So my first up, what I'd be doing is getting along somewhere out here to here. Now, the fact it's doing it here and to here means I don't have a trade here. I just do nothing. And why is that? Because I'm disciplined and I don't care. To me, in a career in trading, it's thousands of trading, thousands of trades, I should say. And it's not this trade because what this is, it doesn't fit my trade plan or structured vetted trades that some traders have in the trader lab that I've shared. So the business of trading is not FOMO. It's disciplined and just like the casinos, they don't change the game. They just wait and play the game to extract their edge. There is no edge here in my world. My edge is out here because I need the range for scaling to get risk neutral. This is based on in the trader lab. I have offered the thought that a two-lot minimum configuration is how we might want to approach this. Why would you do that? Well, when you take a stop, you take a stop. It doesn't matter how many contracts you trade. But let's assume that this was qualified and that we know this is a primary target. If we got long out here, we could scale here ahead of here a little bit. And now we leave our stop out here because we can counter rotate. And if it doesn't take this out, because our stop would be, and this is assuming it's out here, then we can go to our higher timeframe targets, which might be here or here or higher. No clue about that. It's not my job. So that's how this would work. This did not qualify. So yeah, it's a structured trade. Yeah, right. Yeah, Moon Walker. So yeah, this is the next trade we were looking at. So in the trader lab, this is what we're doing. We are looking for structured trades, which are part of a trade plan. This did not get to the location. But you notice that we anticipated it. So that's all you have in trading is anticipation and then maybe. And write that down if you're visiting. Nobody's predicting anything because we can't. What we're doing is we're reading participant behavior. We are anticipating behavior and we have trade plans where we know where our trade is before it gets there. If you're in the trader lab and you're following a vetted trade plan, there's no trade here. I'm not saying you can't trade there. I'm saying as a trader who's building a business, you wouldn't get involved here. Why would that be? Because of this and because of the stops. But let's watch this and see what happens. Isn't it interesting to observe market mechanics? If you understand behavior, you're not going to use your indicator and get long here. You're going to understand market mechanics. You're going to understand that average retail traders that I'm going to say, God bless them, we need them in here are front running because of their FOMA. This is the mean. So this is why we want to get long out here. If it gives us the opportunity, it might not become here. So for me, this is the trade, not this. But you see the behavior, right? It's just location and risk reward. I hope that makes sense. And let's give a thumb up in YouTube if you're going, yeah, this makes sense. Yeah, Dan, if the YouTube has a problem, is there a link in the current YouTube chat that the current participants, if I drop out, would be able, I see the link to Discord, but is there a link to the continuation of the YouTube? That's what I'm getting. So I don't understand how these things work. I'm an old salt. When I started trading, we didn't have computers. We had what's called the dumb terminal, and they were pretty dumb. And my first computer was an Apple to E. George Lane, who I shared an office with, who created Stochastic. So you can see where I was. Early oscillator. He had an Apple one. And that's, we're talking, I started in 1980. And he was, of course, I think he created Stochastic in the late 70s. Basically, oscillators are just price derivatives, moving average derivatives. And I'm going to suggest, and you just need to figure this out for yourself, that professional career traders don't use those things, RSI and all that stuff. I'm sure there are some who do. I don't know them. And I've known a lot of traders over the years. And all my friends, when I started out were floor traders. Nobody did what I did. I was an off floor trader. And I never went into the business of trading. I went in as a hedger. Actually, the start is a hedger, not as a trader. Okay, absorption. Let's watch. This is our area, and this is not a trade recommendation. Remember what's out here. This is poorly auctioned. We can rip into this and come back out. So we are looking for potential long. And I'm not going to call a trade. It's not what I do. I refuse to do it. It can't be responsible for your P&L. So we're looking now for behavior. And the, this is the potential. So what do we have here? Micro high volume structure. Location stops. We still can come out to the mid. Let's look a little bit further. Absorption. These guys were absorbed. Sellers. And those were the stops. You see, so if I have stops coming out, those are market orders. That's that red Delta bubble. That's what it's telling me. And I see them being absorbed. That's a potential indication. And here's a change in potential behavior. It's a potential long in the trader lab. Not a recommendation. But what I want to point out is, and this is the target, right? You notice this was not a qualified location. And that doesn't mean this trade is going to work. You know, this is part of joy. So we'll see what it does. Okay. And guys, not a trade recommendation. The point I want to make about this is, while the outcome is random, if you have a plan, you are anticipating the trade. You're not messing with it here or over there. You're just not because part of the business of trading is having a plan. And the outcome is random. This is the other part that always gets us twisted. But we need to let go, in my opinion, of this need to be right and to have a belief that we can predict what's going to happen next. I can assure you that casinos can't predict what's going to happen next. Why should we believe we can? Do you think they have some resources to have supercomputers and to figure it all out? Gaming has been going on since the beginning of the game, a game. Casinos use anchored inputs. They have discipline. They don't change the game. They don't make it up. They don't have FOMO. They don't react because somebody walks out of the casino with a suitcase with $100,000 in it. They don't change the next hand to Blackjack. They just play the next hand because they know in order to net out the dollars and extract them from the gamblers, they got to play the games that only have statistical edge. This is what the trader lab is built on. This is what the trading business is. That's all I can say about it. And that's what this setup is. Past performance, not indicative of future results. This trade is to hear, right? To get risk neutral. Now, what do you do? You're risk neutral. How do you feel psychologically? It's like, now your stop's under here. You have nothing to do but hang out, put your feet up, munch on your pizza and wait and manage the trade per your plan. Target, not a recommendation or trade management process. And there's another obstacle in there. I forgot this one. So here's sequentially what the thing is. Hear, to hear, to hear, to there. That's it. Nothing more because I'm clueless. Any questions, trader lab or YouTube. Is this logical YouTube? Is it making sense? Give me a thumb up if it's making sense. That'll help this stream continue. Also, if you're in the book map discord, trader lab, and if you're visiting in YouTube, you're all welcome to visit. There's a link in the bottom of YouTube. There's no cost for you to visit the trader lab. There's 60 PDFs of these structured trades that you can download, plus a library of webinars. I'm just going to flash these, what these look like. And you can download these. It explains exactly what I'm doing. Context, why? Reversals, rotational trading, and on and on. I'm not a vendor. There's no course, not a Zippo. It's just free. There's no cost you to do it. Algorithmic behavior. I just did these haphazardly, starting in 1920, 2020, 2020. I wasn't around in 1920. 2020, I started posting some of these because I was getting requests from traders in the book map. What are you doing? That's what I'm doing. Doesn't mean it would work for you, but I think I kind of gave you the idea why. If you know why, doesn't that change what you might do, assuming you vet a trade plan? That's all this is. And this is not complicated. The thing that's complicated is the randomness. Our nature is to look for certainty, and our nature is to avoid the pain of loss. I get it, don't you? Isn't it logical? Our nature is to run from the saber to its tiger. That's the fear. I get it. Our nature is if not to run into the burning building. We're all wired for that. It's why we're here as a species. It works great out in the savannah. But in trading, we're running into the burning building, and we have to embrace what we're doing. We're doing what the casinos do. We are exchanging the randomness for a vetted edge so we can extract dollars from the other participants in the market. That's what the casinos do. And they can afford to give you the cocktails and the ticket to the buffet, and you're a roller, maybe tickets to see a dell and a cop your room fly you in and all that, right? How can they afford to do that? In spite of the fact that gamblers walk out with suitcases of cash because they have a statistical edge. That's the business model of trading. Not indicator package of bazillion indicators, and now you're a trader. It's naive, in my opinion, to think that that's what professional traders do. It's naive to think that you're going to do anything different than other retail traders who are the gamblers. And it doesn't mean you don't have winnings, and it doesn't mean you don't walk out with a suitcase of cash, but it does mean you are pushing against the house's edge. And I'm saying it might be better to consider working with the edge. So hold on. I got an ant crawling on my screen here. Get out of there. Get out of there. Boy, those guys are fast. Okay. One thing about being in Costa Rica, these guys down here have no fear. So you can see what happened here. Cell stops by icebergs in here, order flow, absorption. This is the key. Location. This is, you know, anticipating trades is kind of like real estate. You know, location, location, location. Structured trading is location-based. But we don't know, of course, is where, you know, but we have VWAP the v-pod. It could have just as well gotten to the mid, and we'd have the same structure. You see? So once we got this, then we had our volume, microstructure, breakout, return to the volume. It's a long, I mean, that's your, that's your thing, you know, so you're long, and you're going for this, and now you're going to go for this. This is the trade. Let's just watch. And then this, and then helmet, or none of the above. But here's the deal. If I know this is the mean, this is a structure called mean reversion. What happens is, let's look at this contextually. We're in a trend up, you know, north. Thanks, Lewis. But how do you trade this? Well, once we start breaking under this, it's changed into a different behavior. It's rotational trade. That's called mean reversion. If you don't have a separate plan for this, you're going to be buying this, you know, that who knows? I don't know, you know, I don't know what you would do. I know in the trader lab notes that the condition is changing from directional to rotational. Now, if we're using fractal process, in other words, thinking in multiple timeframes, we know the trend is up. How do you get it back in alignment with the trend? If we go rotational, it's called outside in trading. That's why I can't, you know, I'm not going to buy this. If my indicator crosses here, am I buying this? You know, now it doesn't mean I can't buy out here to here to here. And remember, I said, I have a selling structure. You do remember that if you're fault right here, break, this shifts up. If I don't clear this, I'm going to counter rotate. Here's my indication, not indicate or that this is too high. What does that tell me? You would do a remember. I want to bring you back potentially too high. This shifts down. I break below it. What does it tell me potentially too high? What does it tell me outside? Where? Where a helmet? I don't know. Where's my structure trade? I'm now in mean reversion, which is outside in. Are you guys tracking? Is this logical? Might this help you? This is trader lab. What we're doing is, we know in a higher time frame, we're in an uptrend. How do you participate in an uptrend when it goes rotational? Separate plan. So we're trading inside of the fractal or the higher time frame, which is north of the border. Maybe, right? Yeah, it is until it isn't. In the meantime, if we want to participate, how do we do that? Mean reversion. What's your mean reversion plan? Remember, long before it got here, I said, we already have our next trade to here. Then to here, not a recommendation and then helmet. Who knows? Where's our too high here? If I get in this trade here, I'm going here to there. Then whatever, because nobody knows. I hope this is logical. I hope you're getting some out of this and I hope you find it helpful. Remember, I don't use indicator. I don't want to have a lagging process that puts me in at the high of a rotation. I want to just me. I want to get in over here with a stop under here. I can handle that with a two lot minimum configuration. And then all I need is the distance from entry to failure for my scale. Now I'm sitting risk neutral and I already know where I know where my next obstacle is for potential scale or I don't scale here and I'm going for a higher time frame target and I'm using trade management. I know in the microstructure, this was too high and you could see it right there. I know this. Why? Because it happened. Why the volume was there, which represents participant behavior, not an indicator. I don't know. What does your indicator tell you? I don't know. Mine doesn't exist. This is structured trading. This is trader lab. And trader lab is focused really on building out the business of trading. We're not here to play games or if you want to play a game and I'm not saying that to you. If you think this is like a slot machine, you throw $200 in and maybe you'll win $1,000 or whatever, that's not the business of trading. That's the business of gambling, which is fine. I always think if you're going to gamble, you go to casino and get the cocktails and the ticket to the buffet, it's entertainment. The business of trading is really a different dynamic. It's gaming, but you're on the other side of the table. And just like the casinos, we take losses and the casinos see their losses as cost of production and overhead. Not a failure and not the need to go and re-tune your indicators for a better curve fit. If you've ever built trading systems like I have, you'll figure out that you can't get the past to predict the future. All you can get is the recent past to know what happened here. That's useful information to me because it's right here. It's not what happened two weeks ago or yesterday. Now I do look at yesterday in relation to today, but that is not an indicator. What the indication is if I reject yesterday's pricing, I know then the perception of value has changed. The absorbed sellers that tried to break out are fuel to the upside. I'm not sure, Alessandro, what you're asking me. The absorbed sellers, are you talking this up here? Notice where we come. Let's just pay attention. There's no precision in trading. I use the term horseshoes and hand grenades by the way. The absorbed sellers that tried to break out from the VWAP. Well, it's confluence. This is the trade. VWAP, the VPOC, it's a structured trade. It's in those PDFs. Alessandro, have you downloaded the 60 PDFs of structured trades that are in the Trader Lab? There's no cost for you to do that if you're interested in those. Because this is already out there. There's quite a detailed examples of this, but what's probably very difficult for most indicator-based traders is they don't understand context. I will tell you, context is difficult. It was hard for me because, you don't forget, I grew up in the indicator world too. When I first started trading, we didn't have them, first of all. It was bar charts. There were no candles, so it was by hand. I'd sit and watch the price move in every 15 minutes and plot open, high-local. That was it. That was pretty high-tech. Then we got CQG. That kind of stuff came out in Wells Wilder. I grew up on indicators. In fact, before indicators, I went to the CME and took a charting course there. Classical bar charting is measured moves. Penance triangles, head and shoulders, all that jazz. I came into trading with the belief, and this was very... I didn't know it wasn't right because that's what we had. Classical bar charting was measured moves. If you study classical bar charting, it's all about measured moves and structure. I thought that's what trading was. They give you targets and all that kind of jazz. I thought, okay, I'm going to predict where the market goes. Here's the high of this thing. Here's where it's going to. I spent years doing with the same results you guys. That belief was built into me that that is what we did in trading. Notice where we just checked. See? Notice the location. This is auction. This is really how the market works. Now, I can't tell you anything other than this is a structured trade. This is the reversion to the mean. This is the next location because it was too high. If I can't get through this, then I can rotate down here and come all the way back, and then I'm in rotational trade. The trend is up, so the anticipation is if I can clear this thing, then here. If I can't clear it, then here. Not my job to predict, but the trend is up, and I certainly don't want to sell it. Anyway, guys, I hope you got something out of today. If you're in YouTube on the way out, please click the thumb up. It's down at the bottom. If you're in the Bookmap Discord TraderLab chat, reminder this stream is available exclusively to you for 24 hours. Screenshots, circles, arrows, do your homework. This is how you develop confidence. This is how you extract metrics. This is how you differentiate yourself from other retail traders who are just visiting. I don't want to sound critical, but the reason I agreed to do this stream is I've been there myself and I've seen too many really great guys, great traders who could have maybe sustained a career in this business, go down a path of randomness, continually trying to fix a broken process because they didn't understand what trading is. They thought it was a toolbox of indicators with the right mix, the right time frames, the right tweaking, and I have a webinar I did called Trader Groundhog Day and retail traders get trapped in Groundhog Day, where they keep waking up in the same place. If that's what's happening to you, I suggest you visit the TraderLab. In YouTube, there's a link in the bottom where you can visit the TraderLab and there's no cost to you. Download the PDFs. There's 60 of them, of structured trades. Watch the webinars. There's a library of them. Start with the primer webinar. It'll give you a high-level overview of what you see me doing here. Now, whether any trade works or not, that doesn't change, but it helps you understand the business of trading and if you understand the business, you're going to now think differently potentially and emotionally remove yourself as best you can from all the emotional stimulus that derails our intentionality. We're wired that way. The only way to gain control, in my opinion, I'm just talking about me, is to know where your trades show up that you have a statistical edge, which actually helps you derive confidence and then accept the random outcome just like the casinos do. If it works for the casinos and they manage everything, they don't get fearful, they just take the next hand and deal it, even though the hand is dealt with, comes out as random and the gamblers play randomly. Here's our test, remember? So what do we have? Too low, mean reversion, test, retracement, test, target. I hope you guys got something out of this today. Thumb up in YouTube on the way out. I hope you'll visit the Trader Lab. There's no cost and I have streams in there up to four hours long of real-time narration. Remember why this was different? Friend configuration, no shorts, trade management opportunities. Mean reversion, different context for what? Rotational trade to get a continuation long to come up here and to test this and not a recommendation, right guys? All time high, not a recommendation. Thumb up again. I need it to continue to stream in YouTube. If you want to help out and you found this useful, then it'll be nice to have you do that for me, kind of return the favor. What do they say that? Pay it forward. No cost, of course, for you to visit the Trader Lab. It's a great community of like-minded traders looking to leverage their collective experience. Together, we can all do better. Thanks again guys. Thanks for visiting the Trader Lab and remember Trader Lab, this stream is available exclusively to you to reverse engineer, screenshot, circles arrows, build your library, develop confidence. Let's keep getting better. This is what makes us better. It's a community. Let's leverage our collective experience. Thank you, Discord Trader Lab participants and visitors in YouTube. Thanks for visiting. See you soon. Thanks for visiting the Trader Lab. Hope you got something from it.