 Good morning everybody. It's 8 a.m. on a very bullish early morning or breakfast morning for the indices I will quickly do the disclaimer and then we'll get to having a look at book map All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of a future results Okay, let's have a look at book map Yeah, I just thought we have a very quick look at that heat map as we are heating at the highs of the day yet again For yes and enqueue at the same time I've got the unfiltered heat map here for both and I'll explain the settings that I've got on it in a little while bit What is interesting if I do actually scroll back a bit is that some of this liquidity up here? That was actually above the recent high. I think we said last week So that liquidity has been calling out for hours and hours So, yeah, there's a good chance. That's going to get taken out today. Again, we cannot predict the future. It's just a probability Okay, right. We have some news. So let's quickly do the Sliger and welcome any new viewers. If you've got any questions or comments and Yeah, hi to you I'm not going to pronounce your name, right because I've got font so small my YouTube Meguas But yeah, you are very very welcome to the channel Yeah, so if we're looking over enqueue, we're getting very close to this next liquidity. We've just taken one out at 46 and the next one at 50 round number though It is it's been there for a long time today. So it's looking like that's going to get hit as well And it does not look like the auction has finished finished just yet Okay, let us do the slideshow and then we can we can chill for a little bit and Talk about the markets and also Talk about the news that's coming up at 8 30. So let us move on to the slideshow okay The news that I was referring to is not that German news but the news at 8 30, which is the GDP growth rate Forecast at 5% okay, that's the major news. I've just filtered this by Very important I three bar events. So, you know quite a lot of the calendar may not be there but and this is really what we have for for our one hour of power and Yeah, for our purposes anything else that comes later is not as relevant. It's obviously relevant, but not as relevant By the way one change today. I have finally got a Windscreen or a wind shield on my headset microphone. So hopefully My fan that I've got blowing at me blows right into the microphone. You won't hear it next time which is great That German HDP or HICP news It's just come in slightly a below forecast But I doubt whether that's going to chill the ES or the NQ Anyway, let's keep moving on with the slideshow Okay, this actually even though it's not a profile or an auction chart per say this and And the NQ equivalent, which is the next one are the most important charts at the moment This is the daily on ES. It's quite clear that we're stop hunting here this next high which we're just about to Come through I took this screenshot probably half an hour ago. So we're getting very very close to taking that high out and if we go across to NQ it's even more bullish and this is the multi multi-month high that is now in Play not very far off so that the one from last week, which is at 16 170 very very close And then the next one up and we will see If and when we get to that remember NQ Especially can do anything in a session So never be surprised when it's in a bullish mode if it can just keep going and keep going again We can't predict the future. So if it has a sudden rapid descent, that is its way Okay, let's keep going Right this picture here, which is the 10 minutes. We have this to show us context For this session and the last session the ETH sessions are shaded in gray And the RTH sessions are shaded in white. So you can see basically since The start of this ETH session we have not really gone under settlement and we're now Accepting well above yesterday's high, which is extremely bullish if we refuse to reject that high and we Balance and then continue that is bullish price behavior Moving on to NQ. Yeah, you can see basically exactly the same but you know it tested settlement once but Balanced around about yesterday's high and has now continued upwards and we're basically at the overnight high right this second and One last slide that Occasionally I've done this one as a slide today even though I could drag the chart in and maybe I will in a while This one is the VWAP bands for ETH and I just since this is a technique session I just want to reiterate this is not For trading purposes This is to do a proxy on where value is and to work out how bullish or bearish a market or whether it's in pure range acceptance Status that you can see from this screen here that we I'm just checking on the YouTube has shown the same screen as well Though that we we broke out of one standard deviation of value That's the dark gray shaded area and we have not looked back We have retested and we've stayed basically around the second deviation We've had a couple of little dips below but that the second deviation that is a very very strong Trend what that basically means as is that it's continuing to explore Upwards looking for acceptance and it has not found that just yet So it's it's keeping going and if I now get rid of this of the slideshow and we go straight back to the the book map and we can see we've taken out the Liquidity and NQ at 16 1 5 0. This is on the filtered heat map and again It is the same settings But what I've what I've done and I will explain this is that I'm now just using This as a higher time frame a time slice of 60 minutes I think the ES1 is on 60 minutes already and I'm using the unfiltered as a shorter term shorter term map And I'm also testing out the volume pressure and balance market pulse Although I'm really just focused more on the auction auction and auction that I am on any particular Oscillator or indicator nice to have but you know We can see the auction and that is what we should be focusing on first second and third and The liquidity map is confluence with that auction It is part of it But it is not it's not something that you should trade on its own You need to you need to see that auction develop. You need to see what they're actually trying to do and then use What they're showing you as advertising in that heat map to assist you perhaps in the execution of multiple r setups So these two heat maps are completely unfiltered the only indicator on them is the stop icebergs indicator Which is filtered somewhat so that we don't get millions of indications And We have that market pulse beneath us there Okay, let us drag in as we usually do the the TPO charts Because they're quite interesting today. So I know that's a little bit small So maybe I don't think I'll try and drag at the corner because Sometimes lose it when I do and I don't lose it. Well, we've got interesting price action at the same time So you can see that over the last few days on the white sessions are RTH that we've been in a multi-day balance You know, I could for example, you know, if I start If I start merging the profiles So if I merge a profile begin there and I do a merge profile end there You can see that lovely bell shape there and that's shows that we're in a balanced range or a beautiful range On a several-day basis and right now it looks like we're breaking out of it Once you have a balance range and they found value once they do break out of it It can tend to explore, you know, a fair way a reasonable distance a long distance sometimes, you know That balance which essentially From about there or there depends on where you look at the LVN is cutting this off. I That it looks like we are now exploring upwards We'll have to see when we get to RTH whether we break back down into that value or whether we continue exploring upwards But it is really quite interesting to see that When you do merge it and see that lovely bell shape distribution over several days. Now, let's drag the NQ one here Again, I mean we could actually We could start the merge here even though we know it's not quite right and Merge it all the way to there and you have another beautiful bell curve there Let me just shrink this down a little bit so you can see it and get the pen out as well I mean when you get a bell curve Like that You can't ask for anything more than that So when you have broken out and above and accepted above that bell curve that means we are in auction exploration mode I mean the market basically does Two things that are either ranges or explores and we've been in a lovely range for a few days And now it looks like we may be exploring but again the market is not really open The RTH is the true market where the underlying stocks and other ETFs, etc are open And they are not open till a little bit later But at the moment it does look like we are breaking out a balance on both NQ and ES And so and that doesn't mean that you know no shorts were available I have taken longs and shorts in the European session You just have to be very very careful with your stops if you're going against such a trend Let me get rid of that Okay You can actually see some of this liquidity that's resting up above us here on this TPO here So all these horizontal bars are resting liquidity the same liquidity you're going to see in the book map heat map Okay, I'm just checking to make sure I'm just seeing the question on YouTube. So I'm just pausing for a second. We've got plenty of time today We've we've got some news at 8 30, but At the moment, we're really just watching the market go in one direction. So I'm just reading this question Please show how you do the filtering of algo bands, please. Okay. Um Yeah, sure. Um, this is just an add-on. So I'm not actually doing the filtering myself But when we have a look across at NQ and we zoom right out So this is several hours of heat map and we zoom in vertically. You can see that it has been useful So if we even pull back And see how these liquidities stacked up Since the beginning of the Asian session, which was Really around about here And you can see all these resting liquidities were in place When Asia opened, you know at 1800 hours yesterday, New York time So it's interesting that this here was there. That was there. This one's been hit Um, that would that held the market and then it was taken out In the late Trying to see when it was taken out. I'm guessing it was taken out at The london open or just after the london open Okay, I am not filtering the add-on is filtering. So let's have a look at the settings And it's the add-on is called trader map pro. I've got the same settings on both NQ and es Um, effectively creating a higher time frame chart liquidity heat map of es and nq using this one So I'm sure the only filter we've got is show only orders that were not changed by price or by size And that is removing the alco bands in nq because those alco bands move with price. They're constantly changing price level So if we go on the unfiltered one and we just Zoom out so you can see them this is I'll draw them here That is the alco band that he's referring to And so every time that moves, you know, it moves just up there or maybe it moves just down there That will be filtered out of the trader map filtered heat map And with nq and these alco bands which have been in existence since The since we've been trading the december contract december futures contract Um, it does help immensely also helps to show where some of that advertising may actually be more likely to be real Um, and you can see that today where you've got some of that resting liquidity that they're going towards That's been in place since 1800 in new york time. Let's get rid of that. Let's go back to the cursor It's interesting also seeing that little um resting by iceberg Um, I would not be playing for it yet. Um, I do both trade both short term scalping and longer term little swings Um, but at the moment, I am not trading. I am talking to you so I will not be trading for this hour, but Um, I do these webinars and I do trade and everything that I do say I am What I do talk about I tend to use Um, and if there's anything that I use that cost money, it's normally something that I have paid for right, um And whether I would still be using it several weeks after I showed you it depends on whether it's still providing a value to me Okay, um, but Yeah, I um to try out a lot of different things the market does change an awful lot my technique on what I actually um on my style of training is based on Basically volume prefo auction theory and richard wycoff's techniques wycoff's been around for over a hundred years auction theory is essentially as old as as as mankind is um supply and demand, etc. So, um Okay, let's have a look Uh, any questions in discord? No questions in discord And we've got to do a time check. So we've got 15 minutes until the um until the news release Okay, so let us just Focus on the markets for a few minutes before we talk about technique. And well, actually look at this volume pressure Indicator which I still view mostly as an oscillator So, um, I was talking to tom the other day and you know tom. I respect his views highly on Um, I said to tom that I use this Um to the extent that I do use it as confluence with what I'm seeing on the auction and the auction for me is these two columns here Um, so it's it's the delta column and the volume profile column And these numbers are just reflective of the volume profile column And I also like to see how the price action has gone and particularly these um These vertical slips in price on nq and they do occur on es whenever when they do occur on es I I stand up and take notice because it's it is normally quite significant when you get a Vertical rise or dip in es and we're not talking about a one tick or do tick talking about it something that's Obvious that you know, you can't but see Whether you know something here like this in nq where they take it up and then they take it pretty much right back down A better example is where we had this breakup From Let's go back to the london open So this is the unfiltered heat map Yeah This here is a very very good example Of what we're talking about and we might shrink the the um Shrink the vertical scale down a bit that is what we're calling a vertical slip And what I've been saying for the last few weeks is that um, the reason why I've got these These price lines and I can show you what what my settings are but it's just built in it's just the last price That's what this line is. It's in I've chosen the color which is Somewhere between black and white some mid gray But the idea is that book map is about the best tool I've seen to show that because You know, you can zoom in on to the micro second You know beyond the millisecond and see where prices just literally gone vertical And the there is a strong probability where it does go vertical that that that will be reclaimed later I'm far from the first person to talk about that I'm sure you can find many people speaking about that as well But I'm just saying the book map is an excellent tool and nq you're going to get many opportunities in eth Again, you don't just trade them out to take that back. There's got to be a trading plan They've got to be setups. There's got to be things that you've seen in your auction Your liquidity map whatever else that you use in your trading plan, but not just on their own But that was a very good example because that was the short That led me to getting my short that that paid quite well today Okay Um, and you can talk about catching the knife or catching the reverse knife Which is effectively what I was doing in on that scenario um You know Why would I be willing to do that? I'd be willing to do it for A couple of reasons one or three reasons one. I've got a trading plan It's included in my trading plan to do this knife catching thing Secondly, um, I can watch this auction, especially with this volume profile numbers column And um something equivalent that I've got in Sierra To see when it is likely that that the auction has temporarily ended So I've got a position for where I can put my stop in a nice tight stop And I and finally it's because the risk reward involved is multiple r's and that's why I do it Uh, but you have to be aware that if you do do that knife catching occasionally And uh, and you know for me, there has to be some kind of vertical slip or I'd never do it Um, you have to be You have to accept that they can keep going and that they have another vertical slip straight through you Your stop may be missed And you may not get out at the price that you thought your stop was at so it may it may um slip it by one two three points The enqueue is very very thin One of the things that I do is I do watch liquidity 24 hours a day So I am oh, I can tell you right now that the liquidity and enqueue for what I'm looking at which is basically I think it's I can't remember if it's the nearest 10 levels or the nearest five levels I can't remember exactly what I calculated on but it's currently eight for enqueue and 110 for es It's something that I do monitor Um, you know, there are a few reasons why I'm on trip Um, we are in a period Um, where liquidity in the book has thinned out a lot Uh, and what that means is that even though that liquidity has thinned out And we are still getting the same or even larger daily volumes on enqueue and es so that You know, if you've got say, you know, when I'm saying a thin book, I'm saying that, you know, the the max Order advertise in Enqueue might be might be 50, but We can have look there's 112 up there, but I'm just saying ordinarily it might be around about 50 But what they'll tend to do is because it is so thin um, they'll break up There the larger players will break up their orders into chunks because they can't get filled on say a 200 order or whatever And they may also put their order in through other instruments. So one of the reasons why I like to watch triple q and t triple q and amazon and apple and Nvidia and tesla etc is because there's all sorts of instruments and the options are obviously related to them. There's all sorts of Um symbols that they spread their money around, you know, whether it's one trade or several trades Chunked up to get from a to b Um, you know, you're not always going to get sessions like the one that we've been having today where You know, there's so much action in the in the enqueue in the futures that you know, you can see this relatively Clearly that we're in breakout mode Oh, yep. Thank you. I'm glad that answer was okay for you Right. Okay back to where we are. Let's just make sure that we've zoomed in. So we're watching what's hitting at the top of this I'm just checking out this 729 and they're just taking that one out in es. So we are now at a new high of the day There's plenty of liquidity up there at the 495 level. You can see that order of 518 So they've got plenty of liquidity if you zoom right back. That's been there all day as well Um, one thing I've noticed over the years as well, and I have been trading quite a long time Um, is that when you in es this one this this comment only reapplies to es not to any other instrument Because it's the one I've most watched with this observation when you have a very large order In the book that's sitting there for a while And it used to be in es in the order of about 1100 1200 1500 these days I think it's 500 is still pretty darn large for the current thin Um liquidity that we have It tends to get filled. So you think ah, that's such a large number. It won't get filled Those are the ones that do get filled. Um, that that was just that's just a historical observation Whether that comes true today or not. I have no idea. I cannot predict the future All I know is that we are exploring upwards and until they until they stop exploring upwards Anything is within reach Okay, thank you. Just hitting the high of the day again. You've got 16 or 18th. Oh, you can't see that until we actually 18 We zoom in vertically. It's one of the things I don't particularly like a bit about the clustering of these columns So in nq so when I Zoom out you may get slightly misled with this With this volume profile numbering that there's 56 at the end of this auction at the high Right, and you think well 56 is unlikely to be the end of that auction because most of the auctions in nq Do not end on a number of 56 trades at the highest price level But that's where you you have to be careful with this one You have to zoom out to see what the true level is and that's 18 again That's something that's not ordinarily the end of an auction run It's normally taken out. Um, but again Um, the best educator for any of this is yourself, right? I can tell you things I can tell you things that I've observed I can tell you things about how I trade I how I use book map But the best teacher that you can possibly have is yourself And the way you do that is through experience sort of you know being absolutely pummeled which we are Um regularly on our trading journey All the all the mistakes that you make And how you journal You know what you've seen and what you've learned from each and every trade not just winners You will learn much more from Losers and losers where you have a made a mistake either in your analysis in your execution or anything else, right? Now one of the reasons that you know, I go on about journaling and I talk about Programs like obsidian where I build wikis or or or journal all my thoughts. Um, it's because you know I've done courses. I've um, I've paid quite a bit of money for courses And I have not learned a tremendous amount on those courses. I've learned a lot more Just through snippets You know from some of the other traders that that I've dealt with Some of the stuff that I I've watched, you know, sort of, you know, some of the some of them Some of the educational material that I found the best is completely free You know, whether it's youtube videos, whether it's other things that people have posted on discord or Or the discourse discourse predecessors, etc But as well as that it is things that you have noticed yourself, right? You take all these basic concepts and you build your style, right? And then you evolve your trading plan Again, you use something like obsidian to chunk out that that trading plan. So it's in manageable sections to it You know, if you're a visual thinker or a visual learner, then you know, if you have a mind map or some way of Joining together the pieces of your trading plan. So it's not just one huge document that you rarely read And you can see clearly how the individual chunks of your trading plan are all linked together And how that goes with your understanding of how the market works That's going to be far more effective in my personal opinion I'm just watching by the way as as we keep going up and up So, you know, if we zoom back in so this is what I'm talking about the end of an auction So when in NQ you're going to get these ones or twos At a certain extreme, you know, it's not necessarily Going to be a swing point and this one doesn't look like it is now because we're right back there But a lot of the time when you do get those swing points, you'll get a one or a two or you'll get a taper You know, if if I did for example, and I haven't got much space on this monitor for this presentation But if I did Blow out this column, you know, you might have an enormous monitor that you put your own book map on And you can see the taper and you can see that little Vertical slip that we just had there and you can see how there's a taper there, right? You know, if you were shorting for whatever reason around about here You've got something there to believe in to set your stop You know just a little bit of room above above the high and then you know targeting something below if you are going to short I'm and I said it again that I'm not actually trading all right now. I'm talking and Yeah, it's just if there was something that you wanted to particularly target, you know, maybe it's It's this little vertical move just here You know If there was something there that you thought, you know, the risk to reward was worth it But it looks like we're about to take out that previous high anyway Basically, we're continuing to explore up and we have some liquidity advertised targets up above us so the market is in Clear exploration mode at the moment until we see a change of behavior, which we have not seen since the london open Just going back to the filtered Map let's just have a look across as well. Let's go back to what I like these time slices And yeah, another point about the end the volume dots or delta dots I am not knocking them in any way a lot of people get a lot of value out of them, right? Um, you know, if we added in a column here Let's add one in right I am an exponent an exponent or I use The time and sales a lot in my trading. I use a visual time and sales and I use a traditional time and sales Okay, I do not use the one in book map. I've got something that I've customized myself in sierra and that's what I use, but um, you know So I am effectively using volume dots. I'm not using anything called a equivalent to a delta dot Okay, where are we? Oh, sorry. We're right on the news So I'm not paying attention. Let's get rid of this column Okay, we've got a scene of a crime now so, yep, I was and we have Already gone through the scene of the crime in an queue. So we had this little fake Move down taken out the liquidity above at 63 and that liquidity at 76 and the previous high at 78 Is still in range Whenever you've got significant market news prior to the rth You'll find statistically that is A higher probability of ending up in a trend session So I'd say this We're watching this auction here I've no longer got that number. So I'm going to have to insert that column So we're looking towards that previous high So we've got four Remember it doesn't always have to tag these Levels we're now going to test the scene of the crime again from above Move the ES1 onto so we're just testing back down here I'm just showing the scene of the crime on the enqueue because it's a lot easy to see because of the significant level of volatility and also that There is a strong likelihood that enqueue is the leader if you go by the daily charts and also the short-term charts so actually Hovering around this scene of the crime It will be interesting to see if we can get back above it and explore towards that liquidity above so Remember when we're looking at levels especially in thin instruments like enqueue, there's no one price level It's always a zone So the fact that that went fractionally under the scene of the crime is neither here nor there That is a retest of the scene the crime so far that retest has successfully held In other words, it is held in a bullish sense of the word It has not gone back down under it. So you know going back down by one or two points is irrelevant If we this take this low out here Significantly then Um, you know, it's a change in flavor and they can do that at any time nice little vertical slip just there So we're seeing if they're looking for weak hands here as well I've also got a big player that came in at on my reckoning About the 150 level. So even though I haven't really got that marked here in In a book map. It's basically a roundabout here that you got a big big buy um One of the things you'll find as well with enqueue in A lot of time frames and especially in eth is they love to come and retest individual huge trades It's one of the things they love to do. So there's a trade roundabout here at the 150 level um Interested to see whether that holds as well Okay, no, it has not held so far And let's watch es so es is now going towards this liquidity here. This is the unfiltered map I didn't remark the Seeing of the crime very well, so I'll try and do that in hindsight. I'm not sure that's going to be right, but Let's assume it's roughly in the right region So we're now testing the seeing the crime in enqueue from the reverse side We're back above that huge trade at 50 So I'm interested to know whether they are absorbing sellers in this region here or We've got no resting liquidity below. So we've got nothing that we could rely on In the sense that it would add it to our probability on support or magnets I mean, we can always go to the unfiltered one But yeah, you have to take All of this liquidity here and all this liquidity there with a massive grain of salt. You've got this little mbo by ice just down there So I'm curious to see whether they're absorbing around this area that they previously bought at which is 150 region To get some fuel to go up to 75 and beyond So that's what I'm watching here one of the things we're also watching is this delta column here to see how red that can get Now if you were the the big player that that had placed a massive trade, assuming it was a massive trade at 150 would you be In a bad position at 147 50, which is as low as it's gotten and the answer is no You'd probably be buying some more at 147 50 So I'd say that as long as we're in this zone The likelihood is because what's happened so far that they're still absorbing the look over here at the mbo resting cell order 24 in es up above at 86 75 So they're trying to create a range here in es between these two mbo orders Okay, now we have broken out of that out of the range of the 150s So I'll be curious to see how this Auction now goes in nq. So I'm going back to the higher time frame heat map I'm also looking to see what the last slip was and we're below that one And seeing if there's anything else in there They flagged a 29 order that's currently staying in place at the 130 level Some of these other levels are just coming and going so they just appear and then they disappear But this one so far the 139 level Sorry 130 level Looks like it's resting Yes, meanwhile is going into It's going to fill some of these orders here at the for 584 level So what do we make of the situation in es where you've got mbo resting cell ice at three different levels? Okay What have I noticed about that? I've noticed that if they do fill them To a significant level regardless of whether we go slightly above them or not that you normally get a a decent move down That's what I have noticed So I am paying attention to these three icebergs because they clearly want to fill those So, you know, they can be scalping targets if you can find an entry to go along to go and tag them But sometimes, you know, they don't have to go back there because they get enough Or they distribute enough that they can then take the price down to their next target You've got some nice levels as well in the book that I've marked you've got The week high and that's this week's high. I think I had Maybe in last week's high. I think It's last week's high. I should put lwh on that one and then I've got yesterday's high So they're both within reach. So I'm just saying that These little cell icebergs above in es tend to be nice little targets, you know, you'd ordinarily want To get out a tick beforehand and you'd want at least one r So that, you know, if you were going to take that one that would have to be good reason In terms of benefits to you. Otherwise, you're just messing up your own trading plan Let's go back out again Okay, so what do we make of what's happened so far then we've just had a lovely game of chop or chop suey in nq so We had a fake breakout below the scene of the crime and a decent push up Then it could not hold that came back tested and then broke through and then if we Drag this back here on this scene of the crime. We look at this, right? You know, this is hindsight stuff. So it's not useful to you now. It's you know, after we'd got Back down to the scene of the crime We bounced and that the fact that we touched it a second time and we could not bounce That is a potential You know short based on a news event or an economic release. So I'm not talking strictly the sd Setups that I was talking about a couple of months ago. I'm just talking about how you might wish to trade This particular economic release event. Okay Um, there is you know provided you've got a trading plan and you back tested as much as you can There's no harm in having a kit bag of different things The market is quite a variable adaptable beast, right? Your aim here is one to stick to a trading plan and to Only execute high probability setups that get you more than one are right And in some situations, you know, if you watch these news releases and we do we do them a lot in this Breakfast hour, you know You're gonna you're gonna start to notice things and you're gonna start to develop You know potential setups which might be different from some of the other setups that you have in your trading plan And there is no harm in my opinion developing new setups You might also find that certain setups that you've had for quite a long time begin to lose their edge again That is something that happens that the market does change. You know, um, there would have been a lot of people, you know trading es when when the liquidity was thick, you know, when we had lots and lots of orders in the 600 to 2000 You know range on the in the order book and they'd have been trading for a point two points Maybe three points and now, you know, you might be trading for 10 points or 20 points So, you know things do change So we'll have a look at see what they're filling on this mbo ice. So they've got 100 and 22 so far And you can see they've got 400 Sellers That they have absorbed so far You know, so one of the things that, you know, there are there are a few different ways that this may play out You know, if these two here do turn out to be valid targets, you know, how might you actually target them? You know One of the I mean, you know, we might just go straight up now and tag that in which case All right, you know, it's too late. We don't chase. It's not something that you should do I don't recommend it. I recommend it as a good way to lose money I'm sure we've all tried that And it's still the best possible thing to do whenever you think oh my god Oh, there's there's such a fabulous opportunity just to make a quick buck here that is um, you know The market taking money straight out of your pocket. All right, whenever you think oh, this is a sure thing And you you're targeting a really low r. You know, maybe 0.5 of an hour or whatever it is you're targeting It's almost certainly going to be a bad idea that you're going to regret in hindsight So, yeah You know one way, you know, if these are holding and they're absorbing the sellers You know, you might get a rollover just underneath here You know where it breaks through this by ice by about one tick or two ticks and then go straight back up to these two over here Or it might do what it's just done so far Which is hold this ice here at four or five eight three fifty and then go and tag the The sell ice at four five eight six So, you know, you could have said there is a range that's that that has been marked I think I did say that that they were forming a range with these icebergs and that you were trading from You know, you play basically playing ping pong or tennis from one end of this iceberg range to the other You know, and even though we're talking about small Announce in terms of points. There is an opportunity to make You know providing your your betting an equal dollar risk amount You know, there's still an opportunity to to make a sizable amount of money or r as is better viewed From such a situation because you'll see this again Um, you may not see this again today But you know, it's one of those things that I'd recommend and I don't sorry. I'm not supposed to use the word recommend I bet not use it I'm just saying it's one of the things I would suggest that you taking a screenshot Where you do, you know, if you are someone that subscribes to this mbo stop a niceberg add-on and it's Probably the best There are two add-ons that I think are the best the book map Have there's these mbo stops and icebergs and the trader map pro the filtered thing that I'm using those two I am I rate as really really really good But you know, if you use the mbo You're a subscriber and you use this regularly in es and you trade eth And you could be asia could be Europe could be this breakfast session that we're on now And the breakfast session is the overlap between europe and the us before rth You're going to see this Again and again, which is multiple icebergs on both sides, right? and I suggest to you you explore it And you see if there is a way that you can play it to Yeah, to make multiple r's on the back of it So you can see here that the tightest range is between four five eight six and four five eight three seventy five So it's two point two five Points or nine ticks, right so that if you were to take it You really would not want to take more than the three tick stop You know if the most you're going to get is nine ticks And you really want to try and make two r out of it. Otherwise, you know, just leave it well alone You know, you've got the nq over here And there are all sorts of interesting things that constantly happen in the nq You know, um, you know here for example in the nq Um, you know, maybe with it. We are just bullish We've got this little double top that we want to take out We have this vertical slip down on this market here This right And you fade that looking for a takeout of this double top, right? And you've got this liquidity potentially as your your stop zone You know, there are things that happen a lot more quickly on nq You've got to determine your personality type and you know, if trading the nq is going to give you a heart attack Don't do it. Uh, if you're prepared to accept losing again and again And yet making quite a bit of money because overall you'll do fine If you're trading a trading plan and it has edge then nq is fine. Let me just get rid of that drawing Okay So, um, yeah, we could have we could play ping pong or table tennis from here from here up to there And then back to here again, but again, it's one of those things that Uh, have a look at You know, maybe you maybe you record your book map feed and the sometime on the weekend you get to occasionally play it back and In replay you can play this thing back Ridiculously fast. Um, I've forgotten how fast it is. It's something like 128 times Some two to the power of whatever. I'm not quite sure. Um, but then, you know, Uh, I think these uh from what I recollect the the stops and icebergs do appear in The replays if not, you can you know, you can still imagine where they were here And watch this type of range behavior I don't replay an awful lot myself during the week I have to save that to weekends because My book map is running effectively from, you know, I reset it when I wake up And I let it run until well after I'm asleep You know, I will only Normally stay up for the first two and a half hours of rth and then I do need some sleep Uh, one of the things that that, um that I do find useful is to make sure that you get good sleep Um, what I've done recently is actually move my little Google nest from my office, which is to sit on my desk here and I occasionally ask it to play me music I've now moved it to my bedside table because it's the best Um It's the best monitor of sleep Um quality that I've yet seen. Um, I'm not one of those people that likes wearing a watch I don't own an apple watch and I I wouldn't want to wear any particular watch to bed I just like having you know my wrist be free I don't have one of those aura rings, but the um But with a google nest you can place it right next to to you and then It does quite a an amazing Analysis that you can see first thing in the morning when you wake up of exactly You know what you've been doing whether you've coughed, you know, whether you've snored for five minutes Whatever it is, you know, and it'll tell you whether you've you've had a restful sleep or you've had a fitful sleep If you see some of the When we Hear some of this high level stuff, you know the non overly practical stuff that some of these other traders talk about One of the things that is a value is where they talk about You know the rest the meditation however that they can they can manage to keep themselves calm I think I was watching one of those tom ho guard videos the other day Where yeah, he's renting a place near the sea and he likes running in the sand and swimming in the cold sea And one of the reasons why he does it is that it it makes him Stronger mentally that so you can deal with being battered by the market and we are regularly battered by the market mentally I'm sure just get back on that mbo so we can see what's happening in terms of this game of tennis So basically that holding they're holding We don't know what the outcome of this until they break out of this little game of ping pong You know, whether it's just accumulation so they can shoot up, which is probably the most likely given the Given the liquidity that was in the market, especially the enqueue market up above and also in the es market for going on the filtered heat map Just having a look so the level at four nine five air four five nine five has been ditched And they've moved a new one up at four five nine nine You know one of these things that I can do for you in the next few minutes is we can explore vertically What they're doing? That is not a huge amount of liquidity 84. So it's not a big advert You know Three or four years ago, you would not have noticed 84 orders in an es book That would have been tiddly. That would have been one of the smallest orders there Um, yep. Sorry. I will go to youtube and just read a couple of the comments Sheriff good morning. I hope you're doing okay. Ralph. Um, you let bm run while sleeping to record the play but later I do. Um, yeah, I do let it run. Um, Yeah, there are a few reasons why I like to have different feeds to look at over weekend sessions The the session that I Oh, sorry the time that I normally find to do my maintenance and my reviews and And when I'm going to go and really change things in my my chart book in Sierra is a sunday I do not like doing it in the middle of the week It has to be a very very good reason why I'm willing to interfere and Because if you start interfering with your charts during the course of a week or the or the or any of the stuff that you're using and remember You are your own it maintenance person unless you're very lucky somebody else does it for you You've got millions of dollars and they come in And do all your it for you, which would be wonderful, but that does not happen for me Um, so I let all my stuff basically stay the same for the entire week. Um, but Because I don't I mean one of the main reasons I let it run is that I do not know Before the start of the week, which of the days I'm going to have the longest rth session You know, I don't know because um these days. I really really want my sleep I don't know whether I'm going to stay up till midnight and trade. Um, yes today, for example, I don't know why I'm just I just feel knackered. Um, I hope it hasn't come across too much in this webinar, but I do feel tired today Um, so the I do not think I'll be up till midnight, but tomorrow I might be up to midnight But with the time zone changes my midnight is only 11 o'clock new york new york time. So that's only 90 minutes of the rth And again, that might be one of the reasons why I'm more prepared to trade enqueue in the rth than most people I won't trade enqueue for the first couple of minutes of the rth the open Um, because I've seen the amount of damage it can do to my account if you know, um, you know, if you get stubborn You know these days, you know Even if you've taken a loss that you know because it slipped through your stop whatever bigger than you think You've got to swallow your pride with the enqueue in the rth Take that loss take it on board accept it move on. Um, so yeah, that that's why I do record it because I don't know Going into my replay sessions on the weekend On which day of the week I will stay up for two to three hours of the rth So I like to have them so that I can quickly skim through and see The type of action that's been taking place in those three hours and remember the market does change regularly So if I was looking at a replay of something that happened six months ago, it's probably not as relevant you know, one of the people that I um, you know, this is years ago when I was, um coding stuff with uh, this was back in multi-chart stays when I was coding stuff in easy language And I was saying to to him that you know somebody that I worked closely with Oh, I'm you know, I'm really struggling to get you know enough data and I was talking about years and years of data He started laughing at me Because you know, it's one of those things that you realize later. It doesn't matter You know, unless you're one of those people that has a purely mechanical system, you know, if you're a discretionary day trader having You know six months or a year's worth of bookmap type data is totally irrelevant Um, it's really what has happened in the last few days last few weeks on an intraday basis That is the most relevant and that's what you should be replaying if you do get the time to replay it um Ralph no, I don't stream every day. I um, I stream on wednesday mornings and friday mornings. Occasionally i'll do a london open by you know special occasion for bookmap It's because nobody does the london opens. I think i'm the only one Ever to have done a london open for bookmap and over the last year and a bit or two years I think i've done about four in total the london opens Um, you know, they can be really really quite fun to watch and we're talking about 10 minutes into london and then the hour after that Um, but no, I do them on wednesdays and fridays and you'll see that coincides a lot with the um The the the major economic really releases whether it's the non-farm payroll or or whatever um I used to have a blog But I really can't see the point of doing it anymore. It used to cost me money to do it on web hosting I don't actually sell anything to anybody um, so, you know when you see me talk about um options gamma or vanner or charm or whatever or you see me talking about massive trades in Etfs and I and I show a couple of the products that I that I use I am not trying to sell you those products. I'm only showing you those because I am interested in What the big players are doing across a wide range of markets And I I think you need to get a perspective that they don't just trade in nq and es You know if they're going to Make an awful lot of money and these big guys, you know, these these large banks will make a tidy profit There's a huge amount of money every single day You and I may not we may have days where we break even or we lose Um, and we may have days where you do brilliantly But these guys make money every single day because they have the size to move the markets. We do not um Yeah, so I I don't um If I ever do have anything on youtube it'll be more about sort of like tools that that I use and you know Just just recommendations on things on how you do journaling or how you do visual learning Because I think a lot of the stuff on things like productivity Uh are not practical and they don't really apply to traders You know, um, it's it's a it's a peculiar thing that we do and a lot of the stuff on youtube is just utter bullshit it's just people with magic indicators based on mathematical derivations of price And magically they own thousands and thousands of dollars a day based on an eight moving average, which I you know, um You know, you probably heard me say this people I've coded every indicator out there just about every single indicator out there and I've done it in several different languages Um, I do not think there's an edge in that. Okay Uh, and I'm happy to say I've lost money at doing things like that too And and you will not hear me suggest to anybody to to use a magical indicator Um, if it's something that I'm not willing to use Um, um and put my money behind it in terms of my trading dollars and risk my risk capital on it I'm not willing to talk about it to other people Uh, it's as simple as that. Um, you know the most important thing that you can see in any of the stuff that I do Is the auction, you know, what is it doing? Uh, and you know, I've got about a minute left So, you know, we're talking here about the auction represented by these columns in book map And so, you know, the other stuff whether you use ninja Sierra Ate as whatever Ever other platform you use and how you see that auction All right, so I am watching that auction I'm watching it through a visual time and sales as well. So I'm seeing where all those large trades are Uh, but I'm also finding this this, um I've always found this delta column Um, again, it's not something that most people seem to talk about when they have these book map webinars I find it useful because I am looking for fuel to go up or fuel to go down So when you see this in nq, you see this lovely little tail. You see this which is a spring So this is the last thing we can talk about today. That is a spring. So if you look across There It's taken, um, it's taken out this double bottom by one or two ticks and you've got this Red tail there and if I zoom in on this and You know, we're probably going to take that out because there's still 19 on that auction But that If you had a tight stop that would have been enough for at least two are Um, so, you know, I'm just saying that is useful All the time and there are times that you should not trade because there's nothing to trade But the information that is giving you there is still useful because it's basically telling you when not to trade as well as when to trade Uh, and this is the auction and this is the auction. So these two columns here on the right are the same auction That's the profile and this is the delta and this is price. Um And you want to see what is happening with price when you and in terms of the dots, you know, they're reflected in these two columns here So I do not need to see the dots from what I am talking about and trying to explain So I I I hope that helps. Um I have gone past my time. We're up at 901. So, you know, I wish everybody Good luck. I can look like they are They have a nice little pullback going. Um, and we'll have one quick look at that mba if I can get it going So on that little breakout So the seller's won this little one to start with doesn't mean they'll win the longer haul, but they won that little breakout south Right. Have a lovely day. Um, if anybody's around on friday, I will be um, yeah I'll be presenting on friday at 8 a.m. And thank you very much for um, um for watching