 All right, welcome everybody. So this is gonna be a live event We're doing a special event here with Moby you guys may know him in the discord chat room here at book map As well as dove And it's a discussion here Some of the trading methods that Moby takes a look at how he especially some of the He trades mostly some of the extended trading hours He's located in Western, Australia, so he's up and trading the Asian London and then some of the New York session as well in the morning at least right Moby Yes, and you've got your daylight saving coming up So I'll extend my hours a bit more just change my schedule around a bit for that. Yeah. Yeah Three weeks away. Yeah, that's pretty good you get to trade all three sessions. So Anyway, let's go through the risk disclosure here and Yeah, Moby also has a really unique way of looking at the sweeps indicator. In fact, he was instrumental in bringing that Indicator about it was actually part of the absorption indicator to begin with and he wanted it split out Into two different indicators so that you could look at a multiple price levels on the sweep And he uses it extensively you can see in his tweets, etc So anyway general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice no recommendations the risk disclosure trading futures equities and digital currencies Involves the central risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results So Moby you can see my screen if you want to take it and You want to start projecting and then I'll share your screen to everybody Sure, I'm gonna just share I'll just share the the book map window. I've got it on NQ because it's a lot more active Right now than the ES. I mean, I've got three instruments there. I've got ES NQ and then I've got the DX feed version. Unfortunately the DX feed version Doesn't work with a couple of the add-ons that that I caught that I really like There's a brand new add-on that we're all beta testing this week Which is the one that Vadim has just released called liquidity markers. So if I circle around that it's It's it's rather useful in the ETH session because you can see the manipulation. So if you zoom out quite a long way, you can see Only about 30 points up and 30 points down where they're controlling the market problem by them. I mean the market makers It's also nice if we scroll back Yeah You know here Well, you get some big liquidity changes here and you can see they added above and took They and remove liquidity just below When you get multiple instances of that it normally means We're about to move It's normally a period of distribution accumulation Whatever you want to call it, but it's normally we're about to have a decent move and you can see here And that was a pretty large move of I think 20 odd points For a volatile market. That's enough to make your day So that's one of the reasons why I quite like that liquidity marker. I've been giving Vadim some feedback this week but yeah, I think Yeah, it's it's it's already, you know, even without an improvement. I'll stop them my cursor going like that Without any additional improvements and there are some that I think you can do to it. It's pretty good off the bat So can you you know, I have not been in the loop on this We're you know beta testing it you're beta tester in here. So It's showing pulled and added. Is that correct? Yeah, let's let's have a look at the other settings. Why don't we so it's kind of like the liquidity tracker in essence But it's just on the chart Yes, it's just it's just a can you see my settings there? Yeah, I don't see them Okay, well, I'll just I'll get rid of the settings. Yeah at the moment. I've got it so that Within us within a screen and I can zoom in and out the maximum number of liquidity markings It will have is 10. So if I zoom out, it'll it'll aggregate and make bigger markings if I zoom in I Get small markings, but there's a minimum filter there of 10 that I've set it's got an ability to Look at the recent price action and give you a good approximation of what that minimum should be But I found that in this kind of relatively choppy market about 10 in Nasdaq is very good in ES No, I mean it's it's there But I'd say it would be a lot more useful in RTH in the New York session and it would be in Yeah, in the ETH session it can be useful Just about there you could see you can see them begin to add and they add it around They're they're quite a long way below so you can it adds text at the level the price level they added liquidity So here on this one that is about 91 and the price was at that time 94 and a half 95 so they added it four points below And even though there was a good four points or 16 ice levels away It was significant enough to contribute to the movement and I'm not going to say it's moved the market But it would have contributed Yeah, yeah It's just a push Yeah, the push or a pull depending on what they do. So I'm finding it useful The moment as I said a little bit of time ago. We're in a very volatile market because of what's going on in eastern europe, so Uh, I wouldn't call this a particularly normal week in fact this year has not been a particularly normal year It's normally quite dull And the main reason you would trade Nasdaq in ETH is because you'd get some activity Rather than ES which would not move much at all. But at the moment, you know, we You can you can see some of these moves in ES. You know, they're plenty big enough And if I just I keep live statistics on on how the market's moving so um today Lowbeck's range for ES is 43.25 points. That's since the asian open and nasdaq 170.25 points. So you could you could I I'll I'll have been focusing more on nasdaq because of The kind of moves I get when it's a little bit more dull But it's you know, it's perfectly okay to trade ES in this kind of environment And um, I also track relative volume. I calculate all these statistics live For me relative volume is How is today's session up till this minute, you know from 1800 new york till this current minute, which your time I think is pre-amish It's 117 percent. So I know that vis-a-vis the last 10 trading days We're active enough to get decent moves That's not to say that we won't get huge moves when we've got low relative volume It just means that We've normally got enough activity both for a move and to get in and out relatively safely Yeah, good stuff good stuff movie. So what were you looking at earlier in the nasdaq? kind of overall I have to zoom out Because you you can't see this action until I zoom out I have to drag it back. So this is the london open through a new york time But if I go back Zoom out We we had this area here. You can see some liquidity there, which was the wall But it could not breach at the time and you had I'd call it a quadruple top. It's some bits hidden by this liquidity marker That's one of the downsides of it hasn't got the same transparency The stop add-on has but it was on a very small time frame And I'm saying you probably need to look at the the 15 seconds or 30 seconds charts It was a quadruple top And as you know Bruce the more times you hit something eventually you're going to come back and break through it You know, it's just too tempting for them to leave it alone because there are going to be some stops That the sellers will have had just above here. So that was left there at about 63.75 And then for the next hour and a half It pushed down So all the buyers that were up there would have been stopped out because it had pushed down below 30 and then we got down to 28 then Right at the London open it Zoom all the way out In the space of a couple of seconds. I think I've zoomed out too much. So let's vertically zoom Okay. Yeah, so London opened is 3 a.m. New York time that line there And we were down here at 27 and a half and so in the space of 258 two minutes Three minutes. I'd say we went from 28 all the way up to 65 So it's a 37 point and their aim all the time was most likely The the seller stops above 64 They didn't find many if they'd found many it should have should it would probably have shot out quite a long way Yeah The point is Go ahead make me. I'm sorry. I don't want to interrupt you. But yeah, the point is that A lot of eth is about times a day And you can you can have huge periods minutes hours, etc. Where it's just chop sitting or dull But there are particular times a day And there are you know, you can have lots of speculation about why those times are very important It could be because large institutions start their algos at those precise times or roughly those times But but it's the times of day that can be the most important in eth I know obviously that they're important in our th as well like 10 a.m. New York time tends to be a little bit more bearish than 9 30 But in eth it can be absolutely critical, you know If you're trading London, you want to be there at least 20 minutes before it opens And you want to have done all your homework and all your your thoughts or always all your possible theories That might happen at least five 10 minutes before London Wow Yeah, so I guess it gets is pretty pretty quick moving right around then and everyone's positioning themselves and Going for those stops and figuring out where they're going to go for the day Yeah, I think avid and sadly not on this call In his webinar last year, he would have described, you know, a couple of the key levels around the London Open One being the ramp up the settlement if Asia has been choppy or has gone down a little bit That 37 point me we just saw that's very very mild Like, you know, if we were in a bullish market and Asia just chopped around and we were actually Well below settlement, you know, it's it's quite often the case that they will ramp it 100 points So you'll think are they just going to tag settlement and then they'll keep going for another 90 points So the the worst thing you can do is to fade a move that's just starting around London But you can't predict what they might do they might be absolutely nothing for 10 minutes And then and then they'll start the move Yeah, yeah, it really is then about the When some of these larger players are ready to move Yeah, exactly. You can't move market. I can't move market. But all we can do is try and spot their hotels. Yeah. Yeah, exactly Yeah, so so I mean do you do you I mean you you're using this sweeps indicator a lot. I'm just kind of curious Yeah, because I think there was one before that ramp up that was worth looking at That's not a good example I think it's the last one. Um, yeah, this one here, which wasn't actually the low of this swing These um, yeah, there's one other thing I should say about nasdaq as well in terms of I mean, maybe I should talk about how I set bookmap up because it it this is set up for nasdaq in eth So so a lot of people would do this very differently to me and this is just Um, the way I perceive nasdaq. So One of the things I do here is I have the trade dots not the delta dots So one of the things I'm looking for with those sweeps is a big dot i a big trade transaction Which in nasdaq's case is almost certainly going to be Lots and lots and lots of individual contracts, you know So if if if you were on a a different platform where they broke down that dot It would probably say one plus one plus one 30 times over and then it would be a volume of oh and 115 times over and you get a volume of 115 um, so one of the I mean one of the um Yeah, one of the things you you can look at in a dull market Or a range band market is fading these sweeps And again, um for caveats about what kind of market we're in at the moment If I say this market is choppy That that purely historical and it could it could trend 30 seconds after I say it so Disregard anything I say about what the market may do in the future um, but one of the things that they tend to do in in nasdaq And scott-portinias and another person I'd advocate listening to on the on this subject is they will sweep down Um to the area where they think they can get people offside. So here they're sweeping down so What the algos tend to look for is? Lots of new sellers that join in this section here Uh, and you'll get one big big trade-off around here. Normally it's right down towards The end of of the the big sweet down. I call this new a sweet down because it was relatively quick, especially this is like a vertical move down that bit there um, and then you'd have Hopefully in this setting of book map you'd have identifiable Large trades here. You've got two big circles or you've got one big circle if I zoom out uh volume of 171 and I I'm now just going to basically Quote the theory of scott-portini. I'm not going to say it. I invented this. This is this is his theory and Uh, I think it proves out quite well in a lot of markets again It's not a 100% theory. It's just one that has a bit of edge over time um You'll you'll have this level here, which Effectively you can call one large transaction Of a hundred or so And that will become the overall underline Uh, and and the idea of the algos is that they hope that they get as many Sellers south of that line as possible And that's the idea here to have delta on this column to show The level of of sellers that might be trapped and then once we have got back above this line And they can use that fuel to ramp it as high as they they want to ramp it Um being nasdaq nothing is precise. It's very thin and very choppy. So if we said for example This trade was was at 14 2 3 4 25 Uh, that means you've got a zone of 2 3 4 5 points, especially in this chop that That is the overall underline. So it's an overall under zone and and um Once you're past that zone, then it can and it can move Does that explain part of it? Very very clearly, uh, really really nicely put. Um, uh, just uh Yeah hunting for it. Yeah Yeah, the sweeps are lots of things. Yeah, they can be a climax They can be just a quick dip for fuel to get people off side Um, they can be a kickoff an initiation On a swing. So, you know, it's with anything in trading Yeah, you cannot say that it means this thing every single time Right, right I mean, I'm just kind of curious like, um, how many are you looking for? Um in kind of the relative I obviously it's going to you know each day or The session or the timing is going to matter each instrument But just kind of in general like there's a pretty big sweep there to the upside Yeah, it's 169. Um, and we've got those liquidity areas and we can see The 95 liquidity has been there since 320 and the ones up above particularly the 330 has been their hours Um Yeah in there so on on the On a normal relative volume day, you're looking for anything above 25 I've got this set to 20 because I don't mind my weird sounds. I've just got little algos that I've programmed that make funny noises It's an it's on a different platform Um, yeah, I programmed it to be 20 to be 20. This is programming within the the book map sweep add-on Because I'm quite happy to see more than less It also means that you know as you As you zoom in you you will see less obviously because they aggregate as you zoom out, you know, this one here if we zoom in 169 I think it was 160 on yet becomes 22 a 75 and a 72 So so now do you I mean in general like How are you always looking for them to get people on the hook going the wrong way? before No, because um We had that massive stop run from 27 28 at the london open We know um because we just scrolled back and we saw the delta in fact you can see the delta Even on this screen here at the bottom there is very red ie sellers trapped so right now, um I'm thinking especially since we've gone through the first 30 minutes and we haven't really had a They haven't had a huge move not like london standards yet. Um, I I'm thinking we you know, we may get a directional place I'm not looking for them to get off side I'm also, you know aware because I've been around for the last few hours that this level up here 330 has been there a long time and regardless of whether we actually get to it or not It's an attraction for them um That you know that I think they've hit Uh, 299 or 298 maybe once or twice I have to go to my one minute child five minute child to have a look How many times they've hit it Have a look You know on the on the five minute it looks like they Have hit 299 on three separate bars So again, I'm thinking they could well be stops Sellers stops above 299 And they're going to get filled because you've got all that liquidity sitting there at 300. So at the moment Um, if I see those sweeps up, I think it's just momentum towards The the attraction of those stops above Yeah, okay. I see so that But by the same token if we get a sweep down, I'm thinking yeah The probability is most likely they're putting off side the sellers You know either the sweep down at this point, you know, especially since we're getting quite close Um, would be really nice to just catch a few more sellers You know give you an extra bit of Extra couple of um leases or gallons in your tank to to take you through 300 Right, right. So but on this for the sweep down right now Where would you look for that sweep like just underneath the this current range here small range or like the bigger range? Yeah, I mean, yeah, I'd look at the young delta across on that column here. So I'd look, you know, I'd look at that delta then see, you know With nasa again with any market And with the way that I would program the algeas if I was them You're looking for it for them to be as to do the nastiest thing possible because then they get the most money for their stops Now if they're doing a stop run, they want to be paid well And so I'm thinking that is a nice kind of zone and then I have I have some like miniature volume profiles I'll go and have a quick look at to see if there are many sellers down there Or or also if there are any, you know, decent sized trades that have come up on a recon tape or reconstructed tape Um At this stage, I mean, you've you've also got to be aware that they may not need any more fuel Yeah, they've got so much fuel plus they're just chopping here Which you know, I mean whatever phrase you want to use, you know, they're coiling They're forming a tight range, you know, you could It's not something I'm very good at using the book map drawing tools, but we could try and draw on Here we go. You know that they're um, they're calling there so every Every seller they get there is fuel Right, right. So so, uh, okay, so understood. So, uh, just um trying to clarify the distinction that you're looking for between range bound and um directional Yeah, no, right now. I mean, I think we've we've got a direction. Um, I think the the direction on Or the short term direction certainly on the one minute the five minute is up Um, and yeah, I mean, I look at about five different time frames And what were we talking about? We're talking about them trying to stop sweep under 72 So, um, yeah, maybe they're gonna do exactly what you want them to do Bruce. Yeah. Yeah Looks like it. You know, you're gonna demo it perfectly here Yeah, but we haven't had the sweep yet at the moment we've got You can see the transparent icons for the stops there. So you can see we've only had three stops. So three mbo stops. So that's Now if you're looking for a sweep, you're looking for something a little bit more visible something fast And with a nice sweep icon and I wouldn't call that a sweep And we also know that if if you've got buyers at this level 73 74 Their stops are going to be a little way under So if there was a sweep that got those stops, we'd see a really fast little move, you know Somewhere between five and 10 points from where they were all Situated or roughly situated But yeah, Bruce, we don't have to have a sweep every time Yeah, no, I'm It's a view of the game we're playing. They'll they'll be different every single time. Yeah Yeah, no, I'm always curious about the Just exactly this scenario right now like, you know, they they're Able to come down below below some of these swings yet. They haven't really triggered many stops yet So no, no, I'm looking I'm looking across at the es And I think they've got some stops above above 407 on es so You just that you think it's going to be so tempting. They're not going to um resist at some point, but The problem with eth is it's a long long long session So, you know, we were talking about resting liquidity And I could talk all day about the probability of certain resting liquidity being hit But we're talking about probability that could take 12 hours to fill Yeah, that's And unless you've got very deep pockets in there so that you could have your account blown Way before And you go anywhere near the resting liquidity if you're trying to hold for it, you know Um But yeah, it looks like we should trigger some stops here If we zoom back out again Yeah, this little patch here the buyers Should have given us a nice little sweep, but it didn't Yeah, I love the way you're using the delta column What I love about book map, um, you know, I'm using a couple of other platforms What I love the most about what I want About this feature and book map over those other platforms is the Incredible speed with which you can zoom in and out horizontally and vertically You know, you know whoever programmed that ability has just done a down fine job Yeah, yeah, I totally agree. I'm always amazed. There you go. There it is. There we go That's the first one. So we've got a 60 sweep and if we um zoom vertically You can see by the way the white the whitish graze a price line That that was a vertical price line straight from 69 50 down to 65 so you'd know For four and a half points. That's likely to have been a sweep. Yeah Yeah, so But the truth is it doesn't matter whether it is a sweep or isn't a sweep, you know, we've got the visual representation Um, it's good enough for our purpose And then you kind of wonder whether we're going to get the one two punch as well So if we are going to go up You know, you have a one two punch you have a sweep and then you have another sweep markets love one two punches before they turn around And then you have to think am I reading this wrong or have we had a reversal? right at liquidity wall up at 290 and we could be going down for the next few hours So it was a little mini stop run. We just had there Again, they didn't find much they found five stops And it's a lot of money to spend to search for stops And not many They have enormous pockets. Yeah, I mean some of those algos that switched on at about I think Towards the half hour marks towards the 330 mark. Who knows when they switched them up They run by, you know, there's giant gym banks like commerce bank So even if the main algo is running in the decks The way that these correlations are it's as if that algo is running in in in q&es at the same time And that's more so in eth than rth. You know, we've got a couple of people online with us now, wouldn't we? Yeah, yeah So here they go. So I would imagine they're probably getting ready here To move it back up Where did it go moby like if you if you zoom out a little bit more How far do they take it down They've got they've got some swing lows here. So you could say that was a double bottom or triple bottom that kind of zone again. Yeah or even A multiple bottom scenario there with nasdaq because nothing's precise in nasdaq But you know, I'm I'd be quite surprised that they went all the way down there, but That's the thing about nasdaq always surprising you Always making full of you if you're not prepared to accept your stops this level of heat map saturation that I've got I'll just show you the difference here. So at the moment, I've got it set so I can see these bigger levels quite easily. I've got this column So I can see the the curve as I call it and what I'm looking for In terms of liquidity of any interest something in eth over 30 30 plus So you've got a level of 43 there, but it's only just been put in 15 20 minutes ago. So It's not what I call real resting liquidity or anything But it's just of interest because we can see they added 22 there and that that 22 with the liquidity marker Contributed massively to pushing this thing down. Yeah, no wonder if we zoom out. We can see any more pushing down Oh, we could there we go Roughly the same time Within instruments like oil and nasdaq That their effect of a portion by a push. I mean adding to liquidity can be Pretty effective from miles away. It doesn't have to be very close to the market It's big. Yeah, because the total number of volume contracts in the asking the bidder are so much smaller than something like ES Again, that's one of the great features of bookmap that you think you can scroll all the way out there and see where they added that one 14393 or something. This is this is great Moby Just uh Really really love the way you trade the the extended trading hours here Um, well, yeah right now. I wouldn't be doing very much. I'd just be watching I mean look at the trends One minute trend has definitely switched The five minute trend up is still intact. We shouldn't forget our friend See what he's up to Have you formed any of you on resting? icebergs in eth In ES not not in the eth Um, I'll pay them more attention in ES than I would in enqueue Simply because you can manipulate a thinner market more easily Yeah, yeah, it makes sense and because you get much bigger resting icebergs. I mean, that's not big. That's 14 You get much much bigger ones than that in ES I think my view is that they form great targets um But that's about it You know, like if we if we were yeah, if we got in Say there because we could see that there Yeah, we'd be in quite a bit of trouble Zoom out on ES and see how it's pushing down so that liquidity mark again is I like the clarity it gives so It gives you numbers, right? And you can equate those numbers to the depth con And the other thing you'll notice and again, I haven't been using this on ES very long You know two or three days you you'll see the same numbers again and again and again So, you know, it's a particular type or type of algo maybe you could give them names like pets But you're going to see the same action again again because they use the same sizes again again In fact, even on this screen, you've got very similar ones 35 36 36 35 40 40 36 And you've got historical In your replay, you've got this historical view of what happened every time They added 35 from way up above So, you know, you can write detailed notes on On what that might do In a future similar market again, this is you know, it's a brand new thing that we're beta testing this week, but Yeah, this is the most simplicity. This is the most in-depth I've seen of it So far, I haven't really taken a look at it yet, but I really like that That's a that's a pretty interesting Idea like the scene not so close to the market, but actually further away Because you might not really notice that As you're going to notice more in th because obviously it's going to be thinner So if we get a max depth on this screen of 214 I've forgotten. What is the current max depth in rth at the moment? Is it about 600 or so? I don't know I imagine it's going to be at least three times that But you can see, you know, it's sort of Even in es You can move the market And quite far away in eth I doubt you could do it from that far in rth Yeah Yeah, I agree with you on that I mean a lot of the times we we see we see, um, uh, you know, some of that kind of, um, Algorithmic, uh Phenomena that uh, it's much clearer to see in the eth just because uh, because there's just, you know, so much less going on Uh, and uh, yeah, they're they painfully stand out Compared to like regular trading hours. It's like it's obscured by so much more liquidity in there Yeah This is actually quite nice action. I mean if we were trading it, I mean Where's our drawing tool? We've got really nice Um Really nice bear flag I wouldn't say there's any particular trigger to get that moved down, but the, um The price action is actually Quite nice You know, you can see the um, you can see the trend and the bear flag without having to draw it All right, we were talking about, you know, the fact that some of these Levels or the the stock runs or the resting liquidity up above You know are all can be useful, but the work we are in a very long Area of time in in in um eth. I mean we won't be on the we won't be on air in about two hours time, but You'll find one of those huge ramps, you know in either direction most likely up um In a couple of hours or so When they have the nice hour goes when the new york boys wake up Again, you can't have an exact time, but you know, roughly Roughly when they're going to appear And when they do appear you stand out of the way or you just jump on their backs because you cannot fade them I think it's one of the um One of the things you have to realize if you trade to eth and you trade a thin market, whether it's oil or nasdaq They can destroy your account in minutes if the if you let them destroy it So I've heard a lot of people talk about Having very very wide stops or no stops at all um I would strongly advise against that in nasdaq And also, you know, I also believe that the micros are there For reason And that's to help us on risk management Yeah, it's like we're going back to that lowest area I'm surprised Yeah, I'm surprised, but yeah, I mean you just got to be aware that if they change direction It can be rapid I mean, that's that's what you were just describing I found the same thing. I haven't really traded too much of the eth, but My god, you know It's like you said they once, you know, if you want to ruin your account and you want to be stubborn That's the place to be Because it just continues to go against you and go against you and and you just keep thinking well There's got to be a pullback And there's just not It just it just keeps going until you know the the Whoever is creating that directional move is is finished Yeah, and one of the one of the games is the ramp will start apple under open And it won't end until The new york open So if you think you can fade or get back to break even when you're off-sided That's a long time to hold in very deep pockets Yeah So, I mean, what do you find is your kind of holding time? Typically in the eth It varies dramatically On my my normal kind of trade, I'm looking for 10 to 20 points And you can get those 20 points in a few seconds or it can take you 40 minutes or an hour On I've been testing out Futures on the micro NASDAQ, sorry, not futures options MNQ options options on futures This week as well, there was a particular level below the it was about 100 points below the market and I wanted to see What the maximum adverse excursion would be? And it went It went 90 points against me first And then it went went right down. It was that day that it wouldn't really retrended down And the maximum adverse excursion, I think it's a two multiplier on the options futures was only 87 dollars So I was about 90 points down the 87 dollars, which was quite amazing But that's the longest that I would do and that would be via a few by an options contract Again, those options contracts have not been available very long. That's the ones on the micros And you're talking about a 10 point spread as well Yeah, that's the thing like the the and and how much volume they have on those but the 10 point spread and like if it's, you know It can be just So Frustrating to see like you got the right direction and everything and you're not getting any profit So you you lucked out on the one where it went against you, but it really didn't go down I had a $100 stop loss I had a $100 stop loss. So I was looking at it when it was 87 or 88 dollars down It was expecting and maybe it was under points down. Maybe there's only about 80 points down I can't quite remember how far it was down But it never got to the hundred point with the hundred dollars. So I'm I had 100 dollars stop 100 dollars Target and it got to the hundred dollars target before the hundred dollars stop You know, because when it went down at the New York Open It went down Yeah, funny when it went down, you know, I could have held it for another hundred points because it kept going But it was a test, you know, I was I was curious because we often see these things in eth And you can't be around for the whole eth session. So when Bruce was when you were saying that, you know, I could trade all three sessions we're talking about Concentration Timesband and time span and market activity um I don't think anyone should really try and Actively day trading more than about two hours Right, right. Yeah, I regard that discussion Yeah, there are too many things that go against you at that point your concentration Your frustration your patience um, you're over trading All those things that come into play If you've if you've been doing too long regardless whether you've got a standing desk or a sitting desk I think the best one I had was somebody who had a trampoline under their desk Or in their office So they bounce around while they're looking at book map So do you do you find yourself like doing like a two-hour session or and then kind of splitting it up taking a break coming back or? You know, I'm doing a few a few other things. I'm also quite active. So I do quite a few sports and stuff as well. Um, yeah I mean if I am doing The session in Asia, which is dullest by far. I'll be doing it. I'll be multitasking. So I'll be doing some programming at the same time I see um this session, but the london egg and you can see why you have to be 100 focused When you're actually doing it because of the amount of damage you can do to yourself So for the london one typically You can expect them to start to have interesting moves when the germans come on come aboard, which is one hour before london Um, yeah, uh, I wouldn't really be able to trade it much past the one hour after london opened I'm always amazed by tom who can sit at his desk for eight hours. That that amazes me Yeah, yeah, and then and then talk for four four and a half of them Yeah, I don't think I'll have I know I'll feel like I've spoken a bit during this um this call, but I don't think I'd get anywhere near For as many words as tom Tom would have spoken yesterday all the day before all the day before So we've got a little sweep there So with this zoomed out picture Again, I don't advocate this because I don't advocate these really small moves, but In theory, you've got a small wall of resistance. You've got a sweep there Yeah, they sweep up to there and turn around at the resistance wall and they go straight back down again So that is an example of the countertrend scalp or the counter um It's it fading the sweep as you called it the one of them the things that I look at But here we're talking about peanuts so 64 50 I know not complete peanuts, but the problem is you've never got in there So even if you've got a market order, you've been you'd be filled in around about 62 and a half Okay, maybe you would get 10 points on this one Okay, because it looks like it wants to go down a little bit more Yeah, so I mean if you screw if you scroll out at or zoom the vertical It's a better um better demonstration of the sweep Yeah, makes sense. Yeah, so If that if we just No, I don't seem to be able to grab the corners of this thing I was trying to grab the rectangle to cover the sweep and the volume manipulation or the liquidity manipulation So so go go down and click on that that button there. Yeah the arrow button there. Yeah, okay And then and then right click on the square I edit No, it doesn't matter. Yeah. Anyway, um You got to click again like you're in. Yeah, there you go. Click that and then you can edit it. Yeah All right, so the thing to note about this one is the um With the liquidity market that I've seen this week, you see how they remove liquidity underneath Yeah, you often get the end of a micro swing Where they remove liquidity so it's counter intuitive You'd expect it won't turn around here because they've taken liquidity so it'll go further down if you get me breeze, right? But a lot of the time That will be the exact end and then they'll pump it up So it so it's it's teasing another okay. Maybe this other I'll go thought I'm gonna take it from here and I can be filled at this level here Uh, and they remove it for that reason Who knows? Yeah, I I know exactly what you mean. I've thought the same thing like, uh, um, you know, so oh well the target's gone So, you know, they're just gonna, um, uh, stop There's another little sweep here. So Yeah, we can zoom right in See the so here we've got It's resting iceberg which 15 for the nasdaq. That's a decent size You know, you can go back Through easy hglobex and you won't come across that many 15s So One thought that crosses your mind is they're going to go and tag that and partly fill that but then you're going to get offside because They're going to play with you and there's always a danger that that 15 will just get cancelled So that's what I was talking about earlier. My first reaction when I see those is lovely target um, but I'll wait for a really good opportunity to get in before I go for that target We're right now we're at vwap Yeah, that was a nasty move down to vwap Yeah, it's completely nice. If you look what they've done since we got up to that liquidity Where is that liquidity wall that they hit up there? Okay. This is the decent wall because it's a double wall And you could say it's the triple wall. Um, yeah, they've gone down a lot further than I thought We're almost right back where they've ramped it up from they ramped it up from 28 at the London opening And we're Yep, looks like we're going to go straight through there That's a beauty nasty. You think they're about to do something and they do the absolute opposite Yeah, yeah, I mean we were looking for the directional move at that point, but uh, Uh, clearly that's not happening No, no, and I've been looking at bookmarks. So I have not had a look at um The vix or dax in the last 20 minutes Yeah, dax is yeah, I should have noticed the dax turned at the same time and vix turned up. Um I pasted the screenshot of those who it wouldn't appear in this window anyway, would it? No, it wouldn't Just have to take my word for it um It was at 340 that they turned this round on all those markets so 340 which is There about there Scroll in Yeah, so that's the That's something that you always have to be aware of Um with the correlated markets and the adh Some of the time Nasdaq or es could be leading Sometimes it could be dax leading sometimes, you know, you need to watch vix closely sometimes Um, I quite like that foreign exchange pair the adjpy, you know, it's just It's just a mathematical thing, but sometimes it's nice to see what that one's doing Uh, I think ft 71 it used to do webinars with you a few moons ago It was love the correlation with oil And es and nasdaq and the london session So oil is another one I like to watch See it's one of those David David is that asking um, uh, well, we'll finish your thought on oil That's the it's an interesting correlation during the london session Uh, and then um, david has a question here for you cool, yeah, um Correlations change and they can change with for lots of reasons including seasonality um, but there are times over the last few years where oil and es in particular have been, you know, um tick for tick or virtually tick for tick in The first couple of hours of london. So that's why, you know, you you'd monitor it to see how that Correlation was going, you know, maybe you do a mathematical calculation or whatever you would do to work out the current correlation then Um, yeah, you make sure you're watching those markets that affected this one In this current cycle How often do you use the correlations? I mean, uh In your trade in eth you can't You can't trade any of those markets alone. Um From the timeline, I've got both the book map windows open but With es and nq because I like to watch the liquidity and both at the moment I've I've got this in a um in a wider In a wider frame so I could get all these columns in because because they're quite useful and it's certainly for talking about certainly useful Um, but across the rest of my two monitors I have um correlations everywhere Which ones have been working for you of late? You can't predict which is going to lead which you'd be surprised how many times nasdaq leads. Yeah Uh, and and then you can't say oh The niké isn't doing anything when nasdaq is shooting up. She just have to ignore the niké then um At the time of the day, I mean Japan opens has a pre-opener At um your time. I think it is 1945 so quarters at eight New york evening So I'll definitely have the niké open then Um, uh, then it's it then you're likely to get a good When it opens properly, which is 15 minutes later Uh, and at that time of the day, I'd have some kind of risk asset on and um oil and niké and you've got china another hour later And china's one which loves to fake people out So the first move in china will usually be the opposite of what it's going to do for the next three hours So china has got about three opens you even though it's basically one country these days You've got hong kong shanghai and You basically got On the hour a quarter past the hour and on the half hour. There are three separate Initiations of market activity Uh, and you have to I mean you have to be prepared if you're trading that session to be around for all three of those Because any of those may give you the trade that you're looking for And if you're looking for a particular reversal Then you probably wait till the the third one the half hour one when all of china is open And they've got enough fuel, you know, the normal move would be to ramp up after they have got so many sellers offside in the previous two hours It's a great one. I mean when when the s and nq were making All-time highs every single day and that's not too long. It's less than you're looking That 9 30 reversal was was quite interesting Yeah, that again when we say 9 30 we're not saying 9 30 or 9 31. We're talking Some time in that half hour block and that's great to You know, you can see the streams in the flows Three different opens in china Yeah, the problem is we we don't really get an instrument. So we have to There are platforms I'm not going to advertise other platforms. There are platforms that give you contracts for difference which equate to shanghai hong and And any other ones. So you get almost live activity It's really hard. I mean, uh, I like watching the the mini nikai, but You'd need so many data feeds That it's too hard to do in book map. Um, that's what you know, it's easier to do To have on uh, you know one platform which you dedicate to all your correlations and stuff and to pay for the level two Yep for every single correlated instrument Would be, you know, it's one of those things as a trader you've got to work out How far to stretch your dollar on certain things? Yeah, yeah, totally Probably no, right? I think we're 80 minutes after London, aren't we? 80 minutes Going to do it for another 10 minutes Yeah, yeah, sure. I mean, uh This this is uh, everybody in in here right now like uh, this is our first test with uh, Moby and uh, we just um It was kind of unannounced. We just wanted to give it a dry run and and uh, and see how it goes And it's going great. Moby, I'd I'd love for you to do this all all the time. Um If your game, um, it's really good stuff Didn't we we missed an aggregated sweep because we zoomed Out Well, you get a lovely Double sweep there. I mean, I know the second one is actually above the first one, but it's like a double that one um In fact, I think the second one is what you're talking about again Bruce this one the dip the dip for fuel. Yeah That's the one that gets you offside so It's going down it's going down all the way down there you think oh my god It's going to go down down to the center of the earth Right, then they have this massive sweep which was 57 mbo's or Just trying to find out how many of the other ones it it was it was huge. I think it was 93 Oh, it's actually if you zoomed out it went over 160 um And then say everybody's thinking pull back then it's going to go down further because you've got you know Liquidity targets although anything else the round number Nobody retakes. I mean, I don't think you can take too seriously round numbers are just round numbers So I don't care what liquidity they've got there. I'm not going to believe it's resting um But you'll you have plenty of people thinking At this stage, there'll be a pullback and it'll go down further So this is a really good sweep for them They push it down give you every indication that's vertically zoom They give you every indication it's going to keep going down to the liquidity levels down here And then it reverses on you and if you've got a 10 point stop You're stopped out. You've got a five point stop. You're obviously stopped out as well I think um A lot of stops of retail traders in ner's deck a nice round numbers like five or 10 And 10 in eth would probably be the um most likely I'm always anything Yeah, anything you think that the algos can't program, of course they can So all the volume profile stuff we haven't talked about much volume profile stuff But I do look at it they can program. It's amazing what they can do. I mean I've been looking at some of those Data platforms that you know, you can now get hold of certainly on the option sphere It is amazing what those ais can do Sorry bruce. I cut you off. Oh, yeah. No, I'm Not at all. I'm moby. I I um, I'll get my feel with you like uh, how to uh, ask questions and And whatnot, but No, I'm always amazed like how the um Like you said in here that sweep That second sweep. I mean, you know, we've already stopped out a lot of people or you know On the on the first sweep yet. There's you know new sellers in here and they're they're they're exiting there And um Or I'm sorry like you know people people buying and you get that that secondary sweep there And you know now now they're getting the move, you know but Yeah, it's just an odd place for that to happen yet. Here it is. It's right in front of us Yeah odd for us but not for them because they've probably planned this one in advance. Yeah And Yeah, they'll have some game in mind how far they'll let it drop before they want to turn before they want to turn it around And I'm assuming that they can manipulate the NASDAQ very very well in eth I mean, maybe we should zoom out and look at the liquidity markers there on that one They're playing in 50s around there. They've increased on the 20s and 25s. We're looking at earlier So, I mean, I'd love some analysis but something to have a little bit all of these and say Effectively, they're the same The same bank that's doing all of this movement up and down up and down up and down Yeah, the 52 kind of stands out. I mean the 50 who knows And now we were talking about that resting iceberg there Yeah, remember how that was very tempting. Yeah, you're thinking all I'll go for a long to tag it This will get me 10 points and how much trouble you would have been in so the resting iceberg was up at 54 50 It went all the way down 30 points That would have taken everybody's Um, everybody's stock that was interested in that that could see it on the mbo data So it does make me feel often that they know that Or I think they know that every other algo can see the mbo data And they know that retail people on some of those data feeds like Bookmap rhythmic data feed and the Donut Denali feed can see it as well So it's it's another game for them to play You know bait and lure or lure and bait I would say it was likely that that gets tagged but I thought it was likely we wouldn't go through the m300 mark earlier and they made it fall out of me until they do their Ramp much later if they are going to do a ramp much later I'd love to see a scenario where you get a resting iceberg on es and enqueue at the same time Well, that would fill me with a bit more Do you do you ever look at the Russell as well? No Lessons learned Don't don't touch the beast that will That will kill you for no reason whatsoever. It's yeah, it's got a mind of its own I do look at the ym in in eth correlations. I do look at the ym in eth but No In some instruments have peculiarities Gold is one And Russell is one Yeah, I agree. Russell's Russell's a tough one I mean gold. I'm very happy to hold it for days and days months and months, but that's not really trading. That's more investment Here we go. We're gonna get it this time Yeah, let's see how much is actually there We do get it might be a nice way to end Just to show that A large resting iceberg in enqueue can be rather useful That is as close as as close as filled even though it didn't take it I should hit it 52 But What they might do is that everybody there is jumping on board thinking it's got to go up now So they're gonna they can do the nice little sweep down here first and then take it Or we could just chop in a nice little range and then go Or we've got a liquidity target down there that they could dip down to You can see the pressure And my little very short-term algo telling me it was good for a short scalp there Oh, really? Yeah, I mean it's really dark there. Look at it. I mean they could you know, it's not liquidity until Basically where that initiated And they're really pushing on offer there Yeah, that is the definition of a tease, I think Yeah Yeah, so my very short Short scalp algo would have done quite well there. So how many algos are you running? Um Got at the moment. I've been testing about 12. I'm using about six of them But they're in a semi discretionary fashion. So I've got buttons to turn them on and off I mean one of the beauties of having bookmap around is Yeah, what and everything else I've got is um, you want to look at market structure. What's happening and not run algos blindly Right I mean the idea I don't know whether the idea actually works or not But the idea is to improve your probability based on On things that you wouldn't that normal algos wouldn't see because they're not watching what's happening in bookmap, etc Yeah, I mean that's um, it's kind of funny Um The uh, we were actually developing algos high frequency algos Early on and then bookmap was just the way for visualizing the algo performance Uh, and then I remember the first user manual that you ever issued when your product was released Yeah, that was along those lines. Yeah. Yeah, exactly. And then uh, it was like well if you show that We showed it to other traders and they said well if you made a platform out of that, we'd we'd buy it. Here we go Here we go. That was like a sweep up. That's vertical price line Well that 60 popped in and then look at they pulled it now too I do I do kind of like this. I didn't think I would like this. Uh, uh liquidity, uh Map or uh numeric values there, but uh, no it's it's interesting He asked for some feedback. I I've said one of the things I'd like is to be able to control the font Or the transparency or font and transparency sometimes you want to You have a transparency slider so you can make it almost invisible because you're missing some of the price action underneath it Yeah, exactly And quickly turn them on and off I guess Yeah, I'm a great fan of the Elgardo stream deck, you know the sort of um um Hardware based keyboard with digital buttons So you can you can have them do absolutely anything one of the great teasers that one, isn't it? My um, you've already heard another little um geno riff. That was my My short term short scalp algo again it it was It's only on that one. It was only playing for about five points, but it got them Let's see it buyers and see it 254 Yeah The DAX is doing nothing Nothing really going on You know if the DAX was really beginning to push right now I would say yes, we've got to pop this out, but now's the second he has to do this on their own So that's just Just how it goes in that market playing on their own So that's where like you in the extended hours you just might it's like well That's what i'm looking for, but then it just might take hours to to play out Oh, you just have to be aware that You're not going to get as much force with one market playing on its own as you deal with You know four markets playing together. Yeah, yeah But if you were trading that Bruce you would you've taken some profit at that one there if it went in What did it get to got to? 53 I would have taken profit Yeah, I likely would have I'm just because It came shy the first time. I think now it's going to trade through it, but Let's see if they pull that liquidity But it's still it's still really dark below it though, you know, I want to see them push push below These are big player markers in your your depth our column Very interesting visually, but Yeah, you can see them move around kind of that's that's one reason why I've got this column in there as well as the curve Because I'd like to see them get out of the way I'm just curious how big this iceberg is too Okay, they've got out of the way this time. They are not there Now or never. Yeah, really this this should be a there we go 22 Is only 22 All of that for seven more Yeah, yeah What they're probably doing if it's going to go up, they're probably buying at the same time not on iceberg They're probably just buying in that same Or they could be doing the opposite. They could be selling. Who knows. Yeah, that's true Yeah And then that's cool. Yeah. No, it was a fun hour and a half, bris. It was fun. Yeah. Yeah. Thanks. Moby like Really appreciated. This was our first first test of it. It wasn't advertised or anything But we'll we'll do it again and we'll Um get David in here and Yuri. I'm so sorry. I Uh, or dove I wanted to get you, uh, uh, mic'd up and I don't know what's wrong with the permissions in there But we'll get we'll get we'll do it again and Get it all set up and squared away And more more formalized. So Yeah, yeah, thanks. Thanks very much. Moby. This was this was really great. I mean, this is uh, There's subtleties here in the in the eth that Uh, you know, I I just don't trade it and you know, I I don't know about it. Um, so I mean that what I have done It is is uh Long the lines of some of the things you said how, you know, it being stubborn and and trading the eth is not good for your bank account Um But there's so many different subtleties that you mentioned. This was just uh, this was fantastic We'll do it again. Yeah I'll just say yeah, don't be stubborn I mean, it can be very good if you bank account but don't be stubborn because They have the money and if they want to push any instrument 100 200 points in in that direction they can do Yeah, and you just you're used to seeing a pullback, you know, uh during during, uh, You know, new york, uh, but you just a lot of times you just won't get that Um And it just keeps grinding and keeps grinding and keeps grinding. There's just no one selling it'll just keep going up or No one's buying it just keeps going down Um, but uh, anyway, uh, this is recorded. I'll put it up. Uh, um, I gotta find a new place to put it. Um Maybe special. I think we have special events webinar Playlist and we'll we'll pop it in there and Moby like we'll do a pro trader webinar with you as well. Uh, if you're game for doing something like that We can speak more about it. Um whenever whenever you're ready And uh, uh, take it from there, but uh, yeah, thanks I'm happy to talk about you know, sort of more generic things as well that you've got to use in your trading. I mean, I'm not against I mean, I am very much in favor of My whole trading is all about auctions Um, but I'm happy to talk about how I Um, how I understand auction market theory, volume profile, et cetera, but but in eth. I kind of do it on a smaller scale lower time frame basis Because of the and the large moves Yeah, no, it sounds great. I mean, uh, let's do it. Um, I'd love to hear, uh, what would you have to say? Yeah, okay. All right. Yeah, we'll um, we'll let you um Hang it. I suppose I'll stop the stream and then you can hang it up. Yeah. Yeah. Thanks. Thanks everybody. Uh, thanks mobi And uh, we'll uh, we'll do it again another time Bye. Bye