 Morning traders. Welcome to the traders lab. I'm your host Tom B. Thanks for stopping by today I stream live Monday through Friday 1130 to one piece and Santa time and this stream is about integrating book map order flow tools with auction market theory using a tool called the volume profile and this is done in the Entraday developing timeframe taking a top-down bottom-up approach Those are you've been following the stream I'm going to be showing you a quick look when we start off today with the higher time frame It's something I don't typically have the time to do, but I thought it was kind of important I did post this in the bookmap discord trade a lab chat prior to today's open To help our participants get a sense of where we are and since we use a top-down bottom-up approach The higher time frame and this is something that many traders don't understand it when you are day trader You are trading inside of other time frames or structures And it's very easy to get myopic and not know where you are in the scheme of things and also Market mechanics and behaviors that can indicate the potential of white what might be setting up going forward so we're going to spend a few minutes on that today and we're going to move right into today and again, thanks for visiting the trader lab and if you are interested in some of the work we do in the lab Which is a group of like-minded traders looking to basically improve Their opportunity to participate and potentially create a long-term business and trading you're all invited to visit the trader lab General disclosure a book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice or Recommendations risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. And please remember this is not a trade calling room This is for educational purposes only and can I please get an audio and screen check in YouTube and In the discord trader lab and how's the audio are we clean? How we do it in YouTube? Thank you. All right. Thanks, Paul. All right. Thank you so much everyone. Okay The thing to understand in trading and just as a quick reminder of Everything is random in the sense of the outcome the trading business is like operating like a casino in other words the house and then there's the gamblers and in reality if you accept the Randomness of the market any rotation or anything that comes into the market is a random event Just like in a casino where the cards are random when they're dealt and how the gamblers play the cards is random We're in a similar environment. It takes a mental I think a change of mentality to understand what this is as far as trading and How to reframe it so you can mentally adjust to it now We're all attached to the behavior and the outcomes of trades However, our emotional attachment has nothing to do with the business So let's keep that in mind and if you're interested in learning more about that That's what the trader lab and the bookmap discord chat is all about Understanding the business of trading and then structured trades that you can reverse engineer So you can attempt to be the house and have an only trade or play games with a statistical edge That is what the trader lab is really all about So let's go take a look here. I'm going to show you the higher time frame and this was posted this morning and Before the market opened, but I here's the key things I want to maybe not do do this. Hold on Let me see if I can get this back We try that again This doesn't work. I'll just keep it like it is Okay, that solves that one. So Yesterday if you remember we had an upside target around 4514 what this is is a higher time frame and these yellow Areas are called micro composites and all I do with them and this is always subject to Interpretation, there's no, you know, I always get asked, you know, what's the right way to do it? Well for me, I want to Enclose the swings or the volume. I want to see swing high swing low because that's a consolidation So as these ranges expand I'm Expanding these because I want to see where the high volume is so these are Fractal now, I don't not going to spend much time But you see this here we had a that trend day up you remember and then we spend some time up here Two-sided trade so you know so trend day and then we went into balance or a consolidation and we know in Consolidations, there's a couple things There's energy on both sides because they're basically chop and you'll see this in all fractals or timeframes. Well, right here 6725 was the high volume in this consolidation and in many ways high volume as you know if you follow the stream is retail That's the fair price Well, if it's if it becomes too high and if you follow the stream You see me just do the same thing and also Structures or microstructures and timeframes or as I think of them as fractals If the price is too high and you'll notice we broke away from it and Then we came back to it and this was the day This was actually a target on the long side this day and we didn't get it, you know That's horseshoes and hand grenades. I think it was 62 and we're trying to get the 67 That is saying or might say and you don't know until you know hindsight. That's too high Well, if the buyers won't pay the price then the potential exists to come back To a lower price down here and we basically came down here and this existed from this price Exists from all this volume And it was up to here Okay highest price well if you extend this price out and you look at the volume in here It's at the same level When we fell out of here We broke below and then it was yesterday This was our upside target and you'll notice we checked it. It's the same as this too high Now there's a little more to this, but I want to keep it simple. What did we do yesterday too high? Well, as this is too high and this is the outside edge of this Consolidation what is on the outside edges? Sell stops if you come under here Where's the next previous retail price in the higher time frame this high to this low? It's at 64 ish. So this is not a recommendation, but 64 ish is the target So this is the higher time frame now. We're going to go into a shorter time frame And I want to take you back. This is that 45 15 I was just showing you that was yesterday's target and this out here is today's downside target and Again, nobody knows right? This is life in the fast lane, but We shall see so now I'm going to go into the RTH open and narrate I'm just keeping an eye on I have something I'm keeping an eye on my other screens Just so you know, so I'm a little distracted, you know, it is what it is. So Let's take this is our th open now. By the way, if you have questions post them I'll do my best to get to them if you're in YouTube There's about a 10 15 second delay if you're in the book map discord trade a lab chat Let's keep it open for the moment during the stream for questions and We'll go from there. So this is the RTH open 830 central time now. So, you know This is the ETH up here was a low volume area. Let me take you back to this Okay, let me just move back a little bit. I want to show you some structure And we started selling off in the ETA now This is called the volume profile and you guys are probably familiar with that But what does it say? This is the thing about interpreting Participant behavior versus indicators. I don't use any indicators What I'm use is volume Because to me it's shopping and you got to always think Trading is not about Our indicators and I say us because I'm you know much involved with indicators as you guys are Except not anymore for me, but it's okay The thing is what creates the indicator Representation what is it representing? Well, it's representing this behavior Because the auction is determining what's too high. What's too low? And if you think of the auction like shopping because what's the market's purpose to figure out what's too high What's too low and what's retail and what I showed you those high volume prices Uh, that was retail and if a price becomes too high the market will leave it It basically they're saying is i'm not shopping here anymore. I'm not paying that price. So in the eth This is a consolidation And this is the high volume in this Location, let me just scrunch it a little more so you can see it And it's saying is this is too high and then we leave it and then we start a new consolidation Okay, and the market rotates. This is what creates consolidations. It's an auction. I'm not paying that. Yeah, but it's on sale And as we're criss-crossing This is the retail price because that's where the high volume is And if it's too high We leave it And then we start the process again down here So here's what's important about this out here was an outside edge Low volume. It's what separates these two auctions And the and this is fractal. So I know this is retail This was too high up here Okay, and it's called a low volume note. I'm just going to throw it in here I just want you to see how you can read and in the trader lab what I do Is I share concepts and ideas of understanding how the market works And I also share structured trades That can be vetted in reversed engineered remember if you think about this like a casino in other words gaming Then it's really about statistics and the edge. Remember how the casinos work They only play games that have a statistical edge. They don't make it up as they go They don't get emotional. They don't change the game They build their business on the fact and it's quote fact That over a large sample size of random interactions with gamblers that since they have an edge They extract the dollars from the gamblers. That's our business Now you can imagine anything else you want about it, but ask anybody who's in the business of trading They understand it's a random environment and that the only way to create An opportunity is to know where your trade is Where you have a statistical edge and not to participate Where you don't have an edge just like the casinos don't play games without an edge. So this is our outside edge so too high Fell out. This is now retail in this distribution eth This was the outside edge. So this is like the separator and that's called the low volume node. So now let's go into the eth I'm sorry, rth open. So what do we anticipate in the rth open? Well, there's a couple possibilities So we open we get our seller We tag or overnight low which has a over 98 probability We opened right above yesterday's low. So that's kind of like, um, this is not exactly dynamic looking, is it? So this is our first downside target And i'm going to share with you structured trades not trade recommendations. These are ideas only But let's remember what happened This is outside edge in the eth and we rejected yesterday at 45 1415 was our upside target which we achieved in the higher time frame Which I already showed you and by the way, if you're in the bookmap discord trade a lab chat, you'll be able to review this stream um You know for 24 hours So you could kind of get a sense of how the pieces might fit together. So this let's watch. I'm going to show you the first trade And it's not necessarily your trade. It just might be a trade This right here when the market opens what this is is this yellow line is called the volume point of control It's a fancy term for retail. That's all it is and uh The yellow and it starts at zero volume at rth open and then it adds the volume fills in This will move with wherever the highest volume is in the developing daily time frame The right here on the open This right here that yellow line is too high. Now what you're going to see is as this right here Anything that's on the screen starting from here Forward is only going to be shown in here. This is called a chart volume profile This is the session. So everything is going to show up on here. But if I zoom in and out you see it changes Let's over here. So So let's go take a look first trade is a short And this is the target now. Remember, we don't know anything, right? Because it's a random environment So this is where structured trades might and remember the outcome is random and everybody takes stops Um, personally, I'd like to take less But you know what I just followed the yellow brick road Because the casinos don't want to lose money either, right? They don't want the gamblers to walk out with the cash But the gamblers do walk out with the cash That's called overhead not a personal failure or they don't get distraught They don't get revengeful and start throwing the cards up in the air. They don't get crazy. We do Because we're emotionally attached and that's something you're going to have to learn about yourself Uh, if you're going to be in the trading businesses, how do you respond emotionally? It's something we never have to think about in the outside world. So this is too high And I have this is a statistic. So this is my first trade also This is called value area low from yesterday. Um, let me It's a potential target also that has about a 71 probability of getting taken out or getting tested This so I know When I open that this Is a potential location To look for a short and this is a target and then I don't know, you know I mean like everybody I'm as clueless as the rest of everybody else because it's not my job to know because I can't It's random. So right here. I see this I take a short My stop is out here. I'm scaled right here Now another place to get short is here. These are trader lab structure trades. Stop is out here I'm referencing this. This is my target for another scale. And then I'm holding Now I get taken out. Okay. So no problem. I mean, you know, it is what it is, right? So target scale or Scale target hold now. Let me show you the buying Now I'm going to show you microstructure And by the way, I can't see your questions while I'm narrating here because I'm looking at a different monitor But I will take little breaks, but I want to show you these getting us started for the short side of these things This Now remember what I showed you in the higher time frame, right? It was high volume over many days in a consolidation This is the high volume in our developing daily time frame In here is volume chop chop chop. It's all generic or fractal We come outside We break We come back to the volume. Think of that higher time frame. I showed you we test it. It's too high We go south We come up yesterday High time frame we test it. We go south. Is everybody with me? See the fractals We test it We go south Now microstructure Same thing volume There it is no clue. Don't you wish you knew? What do I want to see? I'm sure I want to see it break down and this is too high, right? Just like I just showed you what does it do? It breaks up Opposite what does it say? Too low and then you get this Okay, are you guys tracking? Can you see the fractals? I'm trying to share fractals Are you guys with me? By the way, not the belaborate, but I just have to go back This is our target. This has been on the chart since we've been up here This is how the auction tends to work and of course past performance not indicative of future results And it doesn't mean it's going to stop here or get here. It can continue or never get here, right random But this is the price map in an intermediate time frame and right now the market is trading at 67 ish 67 half and we're going for this and again not a recommendation. I want you to see how without indicators I don't use That I can read it. So when I see this Right here. I know there's trouble in river city right here So I have a choice There's a couple possibilities. I can come back here to this volume And bounce off it right here or blow through it. Now. Here's something else. I know Right above that. This is the opening swing high. What's above the opening swing high buy stops So let's look So what do we do? We take this out Right here. Let's look Now I'm gonna this is micro now. I don't encourage anybody to do this because it takes um Some competence to do it and experience. I always advise in the trader lab that You narrate because this is language, you know, I don't have an indicator. I'm not waiting for something to cross over I'm waiting to see the change in behavior. So let's just look at it There's your chop. So there's microstructure or volume right there That is a price and think of it like a store convenience store. There's my buyer. What are these guys saying? You can't buy it here anymore. Now the shoppers are here What about this price? No, you can't buy it there Here's the volume. What about here? No, you can't buy it there going up, right? You know, who knows, right? How about here? Uh, look change Too high and here's the volume too high There I'm in the micro remember. I'm using a tweezer here an electron microscope. This is how I use book map And there's more by the way But I'm just showing you some volume So you understand because if for an indicator and remember everything's random It's no different than you guys using indicators. I mean whatever happens happens, but I can read this change Because where's where's my seller? Have you seen my seller? I haven't seen my seller Where's my seller? There's my seller Change in behavior and now I have this high volume And that's the same thing as I showed you at the yesterday's high 45 14. It's just fragile So now what can we do with this? Well, let me show you if you can read this if this is now the volume and there it is And it's too high because I broke below it if I pull back To it and I test it and I see my seller. It's a short now. Where am I gonna try to go? Well, let's look down below. Let's just take this one little piece at a time now Where this was too low and this was too low What's watch? I just want to show you behavior and then you can extrapolate If you got short here your scale is above here Why the buyers took control here? We tested this volume too low And then my buyers took control again Too low Too low, you see the scale. So I'm showing you this just so you can understand market mechanics So and I'm not saying anybody should trade like this. I'm just saying is it's fractal You can pick a time frame and you will see the same behavior If you were selling yesterday near the high of the day if you're a swing trader that would be your trade You'd get short up in there you put your helmet on and that would be it and you'd ride through all the machinations and rotations And you'd have an airline sickness bag because it was balanced just a chop is balanced two-sided trade It's a consolidation and it's a compression of energy and when you come out below it Which means under yesterday's low all those longs that are still sitting in here become as they say Fuel for the gris. So let's watch now. There's there's more now. This is not this is just a trade It's nothing more and that's where you got a scale now. Where's our volume? notice the symmetry Notice the symmetry. Here's your high volume. Okay There's my now. Where was the last place it was too low? It was here Too high here just sharing some ideas See the behavior just showing you this shifts down Let me mark it variable high volume node at the moment when this shifts down. I'm looking for it to push off and uh So you understand what this is all about is There let me just get this thing on here and I'll show you it's very interesting. This is what I find This is why this is all I use I can look at this and it I'm interpreting a language of participant behavior, which is what makes the market up This is too low. There's my buyer. This is my test. It's still too low There's my buyer. My seller was here There's my seller. Where do I come back? I come back to test my buyer This shifts down This in the next higher time frame or fractal, which is your developing daily time frame This is saying too high right here when this volume shifts down. I wanted to do that In other words the same thing it's doing here in other words this volume. I'm pushing off When this drops down, I wanted to now what I want is not material What I want to see for the trade to continue is it to do this it does the opposite See it that says too low So Too low too low Test too low test again. It doesn't take it out. Still too low. This shifts down looking for the pressure Shifts up. Uh-oh got to take it out too low North can you see is everybody tracking? I'm just doing a narrative so you can see marching mechanics. Are you with me? R. P. About the scaling is getting risk neutral in the trader lab. We talk about A minimum two lock configuration And what that's about is the first contract is to buy the stop on your runner and it does a couple of things one If the trade fails subject to your plan again and what you do You scratch the trade and your broker sends you to give basket if Um And the other part of it is it helps you manage your emotions because I don't know about you But uh an all in all out trader. I mean you get this you're getting euphoric You get this you're getting depressed and you're being controlled and stimulated by your fight and flight response When you're risk neutral you have a better chance of holding for a target because the worst that can happen Is you're gonna scratch and that's something we discuss in the trader lab. So I hope that makes sense. Anyway, so this is too low Too low we push off We come out now and look what's let's watch the migration This is the highest volume in the developing daily time frame. These are fractals. This is microstructure. Think russian doll Okay, so Break high pull back now too low Too low potentially go higher But let's see what it does I don't know what it's going to do Notice we go higher and what's happening here too low low Migrating higher saying what's below us at the moment is too low migrating higher too low And subject to your plan. It's either a long or put the car in the garage up to you too low I think we had one here So for me nothing This suggests upside. I don't have a trade here because I want to be short So for me now this out here is a potential short also now. These are not trade recommendations I'm just sharing remember what I'm doing here I'm showing you how to read the market and I'm also going to share structured trades with you that are available for you to reverse engineer In the book map discord trade a lab chat and you don't have to be a book map subscriber, you know, you won't be a solicited none of that Uh, so here's the volume Let's look a little bit at the order flow I've got liquidity in the book and we'll talk a little bit about that and this is an outside location Remember I showed you in the uh eth so I know That if this is an outside edge that we had fallen out of a distribution And which created this what's at outside edges? This gets comp I'm compounding some concepts if I come outside And remember there's stops on both sides of consolidations I fell out of the consolidation and if you want to review this and this is why I went over this at the beginning of the stream um We can come outside of a previous consolidation, which is in the eth And we can take out the stops on the upside of a consolidation If we exhaust it becomes something called mean reversion, which means we come back in So I'm looking for outside In and I don't know, you know, this could be a short and where you're going I mean, this is the randomness of the market. I know this was too low Anyway, let's see what this does Comes back here. There's my rip. So I'm just reading this. I don't have a trade here I'm showing you structure here, but my trade is going to be out here And I am trading in fractals and I understand Very confusing So in the trader lab, you can make sense out of this if you put the time and effort in so this is my outside edge Let's look Right here from the eth what's above here stops, okay If you're in the trader lab You would know that Let's look some more Now I'm going to take you here So you can see Now By the way, we're in five minutes Lovely So liquidity is sitting in the book at 96. Let me just see something here. I just want to see I could see something So my location Whoa Sorry guys my location is this now. That's not a wall So you understand outside edges of consolidations have stops So when you come up to a low, this is called a low volume node, which I already showed you So i'm not going to show it again, but I know there's stops above this So what tends to happen is when you come up to an outside edge of a Consolidation remember there's two sides in a consolidation You got your sellers on the top side your buyers on the bottom side, okay So we took out the overnight low already. So we got our Buyers on the low side or our longs who are still sitting and now the shorts that are in here They're outside edges up above here. I hope that makes sense now. Let me continue I'm going to try to go quick here because I'm you know, and we're still holding for not a recommendation 64 ish On the positions Which we'll talk about those two. So this is an outside edge. Let's look at it Here's your liquidity Here's buy stops. I'm going to show you several pieces integrated and this is how I use book map among other things I can see the microstructure. So let's look here I'm coming up now for me. This is like real estate. You've heard the term location location I don't I don't sell this. I understand what it is Where's my location? It's here Which doesn't mean sell it. It means look Or a selling structure buy stops coming up. Here's micro volume Uh, what about this buyers not and I go into the liquidity. I have 50 sell icebergs I have 38 buy stops and now the coup de gras. I think is this Right here These are transacting these buyers So we got you see them transacting into this liquidity. That's our iceberg and this is aggregated just so it doesn't cover everything up with the little iceberg to little icebergs 27 buy stops. So they're taking the other side 11 buy stops go off What is that? I call it stop divergence Now it's an indication to me of potential exhaustion not of exhaustion of potential Exhaustion and let's put the other piece Location outside edge of a consolidation in the eth, right? So Alignment now I'm going. Uh, what's next? So I'm looking and what do you see that looks familiar? I volume seller Notice the change in behavior buyer buyer location Exhaustion may be seller high volume too soon to know watch Seller micro structure right there Test no buyer seller short And what is this called mean reversion? That's the mean let's watch target hold Let's watch What's this now? I'm going to try to roll along. I come outside. I take these guys stops out By the way, write this down. Think like a retail trader. Don't act like one Where do they put their stops here? Where do you want to have yours? Maybe some play sells up to you What is this after we pick these guys out? volume volume volume Break, do you know what this is right here? Just to make you nutty because I know you'll appreciate it We ran This is an outside edge out here Low volume. What's this up here the same thing outside edge in a fractal I'm now in a developing daily time frame and I'm out here This is the fair price if I right here chop chop chop Retail traders are going to put their stops here if I pull push outside and take stops And what do I see out here one buy stop? I'm taking the weak hands out. That's all outside edge This is another way into this trade or you're just hanging out from up here and you're uh ordering your uh breakfast This is the mean this is called mean reversion or from here. It's the same trade at a different location I know it's going to make you crazy and what was too low? this So this is the mean So this is the stop pick And this is the potential short. There's your volume. There's your seller. This could be a short Why because you took the stops above here Retail trader behavior, then what do you do? What was too low? Very bow high volume note. It's a target. Why the shoppers said this is too low at the time Now we come back. Where do we come? Here too high seller Entry here So you're looking against this and I I'm going to try to get out of this But I'm just showing you the trades not necessarily the trades the structure What your trade is your trade? This is a trader lab structure trade here All of these could be structured trades if you vet them if you understand the market mechanics. This is structure trade um, and you know up to you Anyway, these are all shorts. Let me just see where we're going here now. Let me show you this You see this This is that consolidation like I was showing you in the eth Right, this is what a low volume node looks like it's an outside edge And this is retail just so you know when I break below it And I don't come back and it rips It leaves low volume that creates low volume because it's the chop creates volume The rip is a rejection and the market has the potential to come back into low volume areas Pick the stops outside edge is a consolidation and then continue so just so you know I must be missing something going on here So this is our outside edge And um, where am I in the clock here? I am about nine. Okay, nine a.m. We have a stat Sorry about this. I got a little distracted nine a.m. Wherever the the low or the high is we have a statistic That it has a 97 probability that we will take out the first half hour higher low I don't know about you, but uh, I'm inclined considering we're going south of the border If I was operating which yes in this I would be aiming for this so counter rotations in a down move You're under yesterday's low. You're under the overnight low Opportunities to add or scale subject to your you know your behavior and what you are up to Might be part of your plan or not or you're just taking structured trades The idea the structured trades is to help you learn market mechanics. Okay. Let's look here. So we have The 97 probability Then we have at 930 central time something called the i b stat That's the first hours Higher low and there's over 98 probability will take out either first hour higher low and again Considering where we are I would vote for this one. How about you so and that Is right here. So it hasn't happened yet. So the volume point of control or retail price Which is saying the highest volume Here is here that is suggesting everything above us is too expensive And that the potential is To go lower and I have this stat. So if I come out above This is my low volume area. So if I come out here some place and again, what creates it the rip The rip it didn't auction. It just fell and ran So this is non auction and this is what low volume is when I showed you the glowbacks or eth Low volume. It's the same thing. It's the outside edge and because we this was created by a rip We can come up into it and then mean revert and come back here So the trade is called mean reversion and it's an outside end trade. So let's see if we get it Now we have to look at a couple pieces here First of all stops are here And here this is your outside edge. So it's not unreasonable for us to come out here Let's see if it does There it is Hey Outside edge now the tricky thing with this and I not a fan of this only because it's very hard for me to trade Is is that the outside edge? Where is it? You know, that's that's the joy But this is where this is the mean. So if you get out here You have to scale here. So it's a very tight trade and for most I would say it's not a good trade because you have to enter Uh with a toothpick and you want to get scaled here. So it's a very tight scale and uh, you know, the goal of this is to show you Let me just see how things are going over Uh lower the day came pretty close Okay, um Let me just look at this. Sorry guys. I got to look at my uh rating workstation over here to see what's going on Okay, um So this is a selling structure at at location But for me or subject to you and your plan, what is in a risk? Now, these are structured trades I want to make a point. It's a structured trade. But in a trade plan, you have to know what your risk reward is Where can you execute? Well, if you get in here, that's no good because you got to be scaling here and then you're holding for this So it's up to you, you know, again trade plan. So this is a short Which you may or may not get involved in Here's your volume. You can see it there Here is your test. Does this look familiar? This so this is a short This is a short up to you. This is your target and then old Because we have a high statistic here. So that's another trader lab structured trade. Here's our volume. Let's watch This is the pullback to the ib This also is a trader lab structured trade. Let's look at this one This is called the ib continuation trade. Let's look at it. These are structured trades. Here's your volume Here's your seller. Here's your test of the volume. It's right here It's a short your stop goes above here You would scale ahead of this low up to you, you know And then you're holding on you get a pullback and what is the pullback? Let me explain if now i'm in a fractal This Is the high volume So we pull outside now in the microstructure This is the high volume Right So that's a short now. I rip and I have high volume here So this is mean reversion Or ib continuation. This is now my volume outside and trading mean reversion and I what it is is we are trading um Structure inside a structure called fractals and it's trade plan inside a trade plan There's two trade plans working here. One is there we're in a trend configuration You know out the window we'll see you later and then how do you trade in a trend? Well, this is not where I think you is a good idea to get involved How do you get involved in a trend counter rotations? That's what structured trades are about and understanding market mechanics if we come to an outside edge Somewhere and this is a little hard because it's mean reversion. This high volume is the mean so we come outside. We want to And where's our target? Remember we're going here, right? And that's what I showed you before the day even started And let's look Too high outside Somewhere Mean so if you come outside you're looking for a short break low Pull back Now this you wanted to hold this and push off What do we do? We come back to this volume and I'm almost caught up. You see the behavior guys Volume, there's my seller There's my test. It's another trader lab structured trade It's another short you're going for you know for this I think we're going to be current now. Yes Questions and I apologize, but I wanted to get through it one of the things you're going to find in the trader lab is um Hold on here. I missed something in the trader lab any questions guys Now let's look at this. Let's I'm in real time. These are not trade recommendations high volume micro structure High volume in the developing daily time frame Too low down here. So let's watch this behavior. This is not a trade calling room. I'm just going to share Ideas so what do we know? Let's talk about what we know. We know in the higher time frame This is too low and a target which we may have achieved right just like yesterday Uh that 45 15. I think we missed it by one or two ticks. Well, there's no precision in trading guys It's I use the term horseshoes and hand grenades So what do we know? In the micro structure This was too low In the higher time frame. This is too low There's my buyer There's my test Now this was too high And this is retail. So I can come here bounce off here and continue down to here or Or I take this out and now we squeeze because this and nobody knows by the way stops are going to be above here And potentially at this outside edge. So we have to be conscious of this. So before anything happens This is the way it works with a trade plan. You already know what you might do if it shows up You know this was too high because we got our sellers We also know the planet is short So we have buy stops here and that's the outside edge. So if you and there stops above here So we have stops here here Here So that's what we know if I can't get above this volume I can rotate down and possibly I'm here If I do get above this we squeeze. That's what I know. I don't know what it'll do So the idea of managing a trade is to have all of this vetted Before it develops And you anticipate to participate in other words, what will you do when such x happens? I use a conditional statement or a series of of conditional statements and it goes like this if this then that If not, then what if I come back here And here and I don't break above this if if this Then that if I break above it Then what then north so If this And I come back to hive on and test then that seller If not, in other words, we take this out. Then if not, then what then squeeze squeeze Everything else is random. So if the trend is down and I may have hit my target This to me is like a direct hit, you know, so my target might be done. I don't know. It's not my job I can't know but here's what I know. This was too low and I got my buyer So I know if I take a short here and this is not a trade recommendation. Remember guys I know my buyers were activated and this might be too low So if I take a short I got a scale before this microstructure before this Volume which is there So if you took a short you're looking at this Not a recommendation then you are holding and managing the trade So that's when I talk about a two lock configuration is if you get short Not again, not a recommendation. There's your seller. There's your test You see this so this is an area that your stop would be above here This is just an idea not a recommendation and your scale has to be Above this volume. So, you know, if you can operate in this, that's fine. If you can't, it's not your trade So I'm just saying and to be able to think like this takes practice and it's like learning to read music or Speak of foreign languages. I used to think of it as dancing, you know dancing with the market, you know But this is language So and if when you think I think of indicators, you know, and I like you guys, you know I grew up on indicators when they first came into the public space You know, I started trading 1980 and really we didn't even have computers back You know, we had terminals and So basically, uh, when at first when we first got, uh Something that you could actually have multiple time frame charts and all that it was pretty exciting We had wells wilder. So you see this is our Where our buyers were activated. So this is where you've got to be thinking of your scale, you know So and what I typically think of when it comes to this If I get in here And my trade fails here And if it comes over here These guys are going to be on the hook also it can feed on itself, right squeeze Remember and if it does I already know where my next trades are. They're out here Or here, you know, they're going to be out in this area Because I know there's stops here. So we'll watch what happens here. So if I get in Wherever it is and I fail here I need to cover the range To buy the stop on my runner and I'm only assuming a two lock configure Okay, and that Scale would have to be in front of this volume Now we didn't quite get there, you know may never get there. What happens is it's random And you might take a stop subject to how you manage your trade, but let's say your range from entry To here, whatever that is 70 to 71 half 72, you know six ticks Seven eight pick one, right? So that's what you need Point and a half to get risk neutral your stop stays here because we know if it comes up here It's going to light up the sellers and if it doesn't come up there Then we can come down here and then potentially Here or not So we'll see what happens in the meantime. Let me see if you have any questions. Okay Yeah, the short squeeze is possible Are you guys with me? How are we doing? I want to come back to the higher timeframe while we're waiting for this to ferment It's very important guys and we discuss this in the trader lab And unfortunately, I don't get time anymore in the stream But there's a library of webinars in the book lamp discord trade a lab chat Where I used to stream like four hour streams with real time narration I don't often get into real time, but this is what's important This was yesterday's high target and we rejected it. Remember shoppers. I'm not paying that if that's too high Then where's the last place it might have it was too low 64 That's why that target is sitting there So I want you to understand and this is a consolidation when you come out of a consolidation remember sell stops are under here So all that energy is released. That's what gives you these big moves So This was the last shot for the longs In fact the day before if you remember that was a pretty neat day for us in the trader lab This was what's called responsive buying and if you remember the stream yesterday I said we anticipate and it was nasty because it was choppy. It was disgusting It was a hard day to trade because of the chop But ultimately we got to our target and market had to take this out To come back into this range. It failed That's why now And you know, this is day trading, right? But, you know, every trade starts out in as a short term Some people might say, well, that's a scalp. I'm going to say no, it's a trigger Because I don't personally it's personal. I'm not in for taking a lot of risk But this could be a short if you're a swing trader Going for this this process is generic and fractal short To here is what this is So if you'd put a trade on or an option trade, I'm not right making any recommendations I'm just saying is this is the same process 45 14 or 45 pick one down to 64 I think that's pretty good. I don't know. What do you think? Just saying It's all fractal. So if you understand how the market works You might be able to do this in any timeframe that works for you So too high Too high. There's my seller And we can still come out So and let's anticipate too low too high seller too low Back to the mean. This is called mean reversion. It's two-sided trade. Who's on the other side? Buy stops buy stops. Where's the next location outside edge back to here? I already know where the next trade might show up. It really depends on what happens right here So if we start squeezing all these guys in this these shorts in here here Here here will get taken out And personally Other than, you know A trade I might be nursing as they say it doesn't matter In fact, and it's not a recommendation if we come out here. It actually presents an opportunity At least to come back here And then maybe wherever Any questions? Are you guys tracking? Yeah, dnt matter RP. I'm not sure what you're asking me about the scale Yep, what the scale is about RP is You know early on I think a lot of this when we stick our toe in the water We think we just want to trade with one And that's really about risk aversion. Let me just check it out In the trader lab, what I suggest is like in other words, I have 60 PDFs that I've shared And they're and I'll show them to you later a little later on in the stream That everybody can have And it's and they weren't I'm not a vendor and it's not a trading course I just kind of threw these together. It wasn't this is before bookman asked me to stream and Because I used to post Typing these concepts in just a chat, you know the discord chat futures chat And um, it was like an encyclopedia, you know, typing typing typing typing They said they started to actually took pity on me and they said well, how about you just Throw some Screenshots and stuff together and annotate them. I said, yeah, that'll be a lot easier except it wasn't really because I did them in tremendous detail And also I work with book map developers with ideas I'd say, you know, guys, let's try this that and then they whip something up for me and then I throw it on there So some of the stuff that's on there Has is either not in use or has been incorporated into other book map tools Um, which is not really material to the conversation here But uh, so I work with the developers and you know, just sort of you got so I those are in there also Which, you know can be distracted because you're going to see stuff and you're going to go. What is that? um It was ideas on order flow and some other things you know ways to detect Uh anomalies and different behaviors. So remember this is our high volume that the buyers came for That's why this is an area if you were if you took these shorts remember too high short Pull back short Where to support here Remember, I know you're paying attention. So if I got short here Or here because these are all trader lab shorts. I need to be scaling Here why my buyer and this is too low in the microstructure. Now if I take this out Potential to Get to this liquidity or not not a recommendation. Are you guys tracking? Can you see how you can use this? Now I'm mentioning the PDFs because all of this is in the PDFs circles arrows And ideas now the thing to understand it's very hard for us because when we grow up in indicator world We're really kind of looking for red light green light, you know, in other words that says this I do that I I do it a little differently. I narrate and I use conditional statements in other words If this is too high and I see my seller then Lower if it comes back to where the price was too high which is this volume I can sell it My risk is above here if you vet this by the way If I come back here and this is too high in the next higher time frame think russian doll And this is too high in the fractal. I can sell it. Where's my obstacle? You will remember it is here. How do I know I need to scale? Here because of the volume and it's a like a little store down the street They call them a convenience store where I am They're convenient, but you pay Well, the other possibility is this price might be too low and you can't buy it here anymore But now we come back in the fractal To the next higher developing daily time frame and this might be too high too high think russian doll too low microstructure, so I'm trading Multiple fractals inside of each other probably will make you nutty But I'm not waiting for any indicator or line the crossover to tell me what's going on Indicators are fine, but all they are are backwards looking measurements of price That and they're lagging Do I really need something to tell me the market's going down? I don't think so I could figure that out Do I have something that tells me where I might anticipate a reaction? And why do I know why? It's not because my oscillator or moving at or something crossed over It's because I'm interpreting what the participants say when they say this price is too high I'm anticipating when we come back to it that it's still too high and basically the language is I'm not paying that What are you crazy? I'm leaving that we left the store, but you like the shop here So you come back to your favorite store and you go, you know I'm not paying that this is like ten dollars a pint for ice cream on a Saturday night You just might refuse at some point. Well, right here was too low So if I get short here against this that's too high, I got a scale against what was too low Why because we might come back here and if I don't and I take it out then I'm on my merry way Does that make sense? I'm not sure about this question about weak shorts being squeezed Something you're asking me to I'm a little confused. Are you speaking to me or somebody else? so If you have your stuff together and you've developed the plan this these are ads Or whatever in other words if this was if we're in a vacuum to a certain point And we weren't in this configuration where this is our target and maybe below Um If you understood statistically what your probability was you could be Shorting this you would be shorting this You could be adding scaling And targeting, you know, you could just be targeting this This is my target not a recommendation And I'm uh that we say let me just get this thing taken care of over here This is called trading in fractals guys. This is basically There are no mechanics in the sense of Um, this crosses that or something does something No way It is behavior. It's what the participant said It's not what you think or I think it's what our opinions mean nothing if we're going to be traders Thinking where the higher the lower the day is means nothing What the way it works in trading is gaming And that's what I said at the top of the stream and I really want to bring you back to that understanding It's all random. It's all maybe and this is our target now to me. This is pretty close I'm good with that now if we get under it We can just keep going or we can break under it come back above it and come back here All right, and we might just come back here anyway because this is the target now Let's go back this 64 64 Too high yesterday 45 14 swing trading ding bang And of course like any trade, you know what can happen. I don't have to tell you that this Up here too high. See you later. That sets up the return to this And this back to here sets up the return to this And there's a possibility we'll you know, and then we have fo mc tomorrow Just be sure to carry a helmet with you for that And subject to what happens we can come out We can do anything, but this is a low volume area out here Remember how I'm showing you fractals how we go low volume a low volume low volume low volume I volume see outside To outside and remember why the scale was here. It was too low in the developing fractal You see the behavior here. That's why you would scale And this is our target And I would say it's been a good morning for trader lab if you actually have a plan and you've edited How we doing in trader lab guys did uh Is this been a productive day? I'm getting thumbs up. Oh great rod Now everybody was so you understand if you're in visiting in youtube, uh, I'm hoping that you see there's some value in having a process that is more based on understanding how the market works Oh, yeah, we uh Anonymous trader hi. Yeah. Yeah. No, I uh keep a very close eye on the enqueue and I traded enqueue for years But for the trader lab the es has depth, you know, so it's It's better Enqueue it's so thin you take a stop in the enqueue. It used to be uh when I was trading them You know, they'd call you back like next week and yeah, we'll let you know where you got filled We'll see you later And um, because it's so thin risk management is a different animal So for the trader lab, I stay focused on the es But everyone should understand if you can understand how the market works You can take this and overlay this process on any market. All you need is that volume And you know, and every market has its own idiosyncrasies and certain behaviors Um, you know, but it doesn't matter trade crude, uh metals Uh park bellies if they still trade those things anymore. Um It's all the same. I mean, I've traded across all these different markets. It doesn't matter Because the market is an auction ultimately the auction What the market really is is an attempt by the participants to find out what's too high. What's too low In the way they do that is they They check Ah, too high. I'm not paying that seller. Oh, yeah, that absolutely not. Okay. Well, where was it too low? Well, it was over here. Let's get a scale here. Okay. Now. Where does the trade fail? Well, if it comes back over here Now in the next fractal up the daily time frame This is very nuanced. This is the highest volume for the day As it's developing in that yellow line. I showed you at the top of the stream This is called vpok migration. It's saying there's pressure So volume and price are moving together. Now remember anything can happen I mean, look it came down here and we went up Huh, but I didn't have a seller here. I had a buyer here. We checked this it came outside Boom now there's my seller. Oh, that's nice. What was too high? this Where do I come back? Here that's a short And that was a short, you know, so short short seller. Where do I come back here seller? See, where do I come back here? Seller what was too low this? scale old Helmet Now you got right here We might I don't I can't tell you where the higher the low of the day is going to be until the end of the day Just in case you were wondering no clue not my job. This is key right here We might I'm going to say might and it's not a recommendation to be done for the day for the downside We can potentially go into two-sided trade here now or not Or just continue with the alcapoco cliff dive Nobody knows these things Or if somebody does they haven't called me yet So I just follow the yellow brick road with a structured trade plan and take the trades to show up and I think like a casino I absolutely have As best I can separated myself from thinking I know anything I only know market mechanics and behavior. I don't know what will happen next See so and that's like the casinos, you know, they deal the cards They're random and the gamblers play the cards randomly. They don't know what's going to happen either What they know is because they have vetted edges and they're not emotionally attached to the outcome like we are They actually execute their games to extract their edge because they're disciplined We get all kinds of nutty And we're wired to be nutty fight and flight revenge, you know, if you it start taking losing trades, which by the way It's easy to talk about randomness, but emotionally It's not easy to manage yourself when you're being triggered with thoughts When you have that thought in the back of your head that says cheese I want to make it back because i'm down. Uh, you're in an emotional state already And you have to in part of understanding the business of trading is you're going to learn things about yourself that you never had to Really look at before because those things Work in the outside world in the trading world Just like in the casino world those things don't work They don't change the game if somebody walks out with a suitcase of cash Uh, they don't make the games up They don't play games in the middle of nowhere where there is no game They don't do any of that and yet they can give you the ticket to the buffet They can give you the cocktails they can comp you they can fly you in if you're a high roller Comp your hotel room get your tickets to the show To see a dell or or whomever, you know All of that and they still make a profit And build larger and newer beautiful lavish casinos Why? Because they aren't disciplined and they have an edge This is what the business of trading is and this is what the trader lab is built on helping retail traders Understand what the real world of trading is not the fantasy that we all come with We don't have atms in the basement What we have is a random outcome. You only need one trade To learn how to trade One structured trade that you can develop the discipline to execute One all you need is one And if you come to trader lab and you want to work on five heat FOMO If you can have the discipline to develop one trade You can build it out its process. So and if you want to think of it, it's like In business they have pilot projects, you know You do a pilot and that pilot it's be creates a template of process I'm very process oriented because I need structure for discipline if I don't have process I don't have discipline. So it's very formulaic not mechanical but formulaic So if this and it's done in a conditional statement when I built trading systems Which are the ultimate opportunity to curve fit by the way It was all conditional statements and then branch logic. So I've really taken the same concepts in a very simple way and just do the same thing, you know, if this And I get a retracement to here then that if not then up there If I break here. So if this then back to here then that if I don't hold this then what well if I do then what then that These are shorts in the trader lab. I mean, there's no ambiguity here. It's just random, right? And coming under here not a problem Now right here Not to make trouble But right here you notice the behavior you notice the break high you notice the pullback You notice the break high you notice the break. What is this? Isn't this a short? Not a recommendation. Can anyone tell me why this might be a short? Let's think in fractals Let's take a wild guess. How about in youtube? Why would that be a short? Clown step up. Don't be shy Why is this a short not a recommendation? Think Russian doll fractals multiple time frames If this is the developing daily time frame and it's the highest volume And it's a short If this is the micro structure and it's let me start from bottom up Micro structure short in alignment with developing daily time frame I'm in multiple time frames as you think of them But it's fractals as I think of them because there's no clock involved The word time is trying to fit something humans created around the market The market does not care about our five minute 15. It just doesn't care because it's not a function of the clock It's a function of the participant behavior. It's just it's the way I look at it Because I used to just like all of us, you know You know break it down by time, you know, five minute one minute two minutes. Yeah, well, what does that have to do with this? There's no clock here. It's behavior seller. So that's my thing now this right here Is the developing daily time frame and this is the same thing in the fractals. So I have multiple time frames This is too high This was our target coming down. I break below it and I return to it Possibly not a recommendation This is too high This is too high. It's not a trade recommendation and that and it's just maybe is the same as this Let's see what it does And like everything, you know, it could go wherever it goes it goes now From the higher time frame the trade is over. Okay, because that was the primary target What we want to see here is the behavior And just we'll just keep an eye on it. Okay, it's not a trade recommendation guys because this is rather esoteric So let's watch But the reason I want to point it out to you is It's everybody talks about multiple time frames, you know, we're all and I understand right because I am trading multiple time frames too but I'm doing it From a different angle. I'm doing it based on the volume so what I know is These areas up here were too high and this was too low last time I was here So the market and the market, these are not rigid, you know, these are not walls. They're areas So the market could come under and come back up and come back here if it does that then that's that and that's the end of everything or We come back here from underneath Which is the same as this from underneath and a fractal and we push off So we'll see what it does. We're just tourists And in the meantime, do we have any questions? Pull back the bottom. That's right, tony So this is a vpok Which is this which is Generic in other words fractals. So I trade in fractals, right? So this is the volume in this structure. This is the same as the volume in that structure Which is the same as the volume Here these are all and as you guys think multiple time frames So if this is still too high and I don't know But look what I've got for structure if this is a short in the trader lab And that's a short in the trader lab and this is a target in the trader lab And this was too high. I break down. There's my seller now if I come above here It's going to come back here. That's it. If this then that if not, then what if this is too high And I have my seller and I hold this Area I can come down if I come back above it. I can come back here. That's all I know I don't know anything else and quite frankly. I don't need to know anything It's because I can't know anything else right here Is my microstructure you can see it right there hvn And this was too high So if I come up above here, I'm going to return here and then I'd be done, you know And I'm not saying this is a trade. This is not a trade recommendation because we're starting to come out above So that's too low. This was too high and our stops are above these swings This is an outside edge. This is the retail price and then we can go into rotational trade It's still workable Now remember this as you go up in time frame It's sloppier It gets looser So the fact it's like this Not necessarily material it could come remember this is trading. It's just horseshoes and hand grenades So at the moment I'm looking at this. This is too low This is too low This was too high This is too high so potential now to come back here mean reversion So if you got in I wanted you to see it because I wanted to see if we held it That's why it's not a trade recommendation. It's not a trade I take because this is my target But it's something I thought we could look at and just see So we'll observe it and see what it does See the main volume is here So this is retail in this in the developing daily time frame if we come out here This is a trader lab structure trade out here Low volume node Stops are going to be up here potentially and then this would be the target. It's called mean reversion If we can't get back here And we're in this area we can still come down, but I don't know, you know, it's not it's not my trade really But I was kind of thinking we might get Out here And then reverse off but looks like it's not going to do that Let me check your questions. Um, let's see Let me show you these in the meantime while we're looking at that thing I think I lost something I was referring to these I've got about five minutes. If you have final questions, why don't you throw them in the chat and I'll do my best Whoa Um, this is what these look like. These are just screenshots I took along the way And I had posted these in, you know years ago. These go back to 2020 21, you know, like this 2020 and they're just things I kind of threw in the hopper, you know Um, and there some of these are these structured trades and there's others But basically what in explanations? What's the rationale? You know for this why? And some of this doesn't exist They were ideas that got incorporated into some things So you could download these and then there's a library probably about 26 webinars I would I suggest you watch the first one as a primer webinar It gives you an overview of this process and also the business of trading And there's the one right under that is called winning the day trading game And it's really about understanding that we're in a gaming business We're not in the video gaming business. We're in a business And to separate how you feel and manage I should say because we all feel the same stuff You're not gonna I for years I thought I always thought Spock, you know You guys know who Spock is, right? And, uh, you know, no emotions strictly logic. I wanted to be Spock. I wanted to Separate myself from my emotions not feel them and I tried everything behavior modification I had a big thick rubber band on my wrist. I would snap it every time I had a thought, you know, like, oh, I better get out Snap, you know, all that kind of stuff And uh, that didn't work. So then, you know, really, uh, I really uh, what it was then I said, okay What triggers my responses? Um, and what am I going to do when I recognize it? It became more, uh, a recognition of response You know, and uh, once I began to and I this you get this by journaling Or you could use a tape recorder or even obs software or something where you can annotate and then you want to go back And you want to look at your errors. In fact, uh Back in I think 2012 I think, you know, it's hard for me to remember this stuff. Um, I came up with something I was talking to a trader and we were talking about errors, you know And I said to myself, have you ever thought about what it really costs? When you make an error because most of us we make an error You know, either we you know, whatever those are and you can define them because they repeat, you know Moving to stop bailing out, you know, all that stuff. What is it cost? Because most of us just go and you're on to the next trade Well, I said, let's do this. Well, I figured out what my errors were costing me And I'll give you a sense of and I was doing fine thousands of dollars a month Sometimes thousands of dollars a week Just because and it was like it blew my mind because all those dollars were already in my hand and I was giving them away I wrote a checkout for the like for a month Of errors and what that dollar amount was so I created something called an error cost calculator And I hung that up on my monitor. I want you to know Next time you feel you do that next time you have those emotions, you're going to look at the price What did it cost? And I'm not going to tell you I still don't make errors because I'm still human But I will tell you they happen a lot less frequently and the other part of that is because of scaling and metrics And knowing that I'm in a random environment and that I'm going to get taken out I'm going to get stopped at whatever can happen will because it's random just like the casinos that helps also So I accept what the business is I understand my weaknesses because of my wiring not because I'm not smart or something. I'm just normal Not exceptional in any way So I just had to understand the consequences of certain behaviors to my business And then I changed as best I could and reduced those errors So that's what the trader labs about understanding the business of trading Having metrics and a trade plan You're all invited to visit the trader lab if you haven't There's a lot more to it. It's a community of like-minded traders looking to leverage or collective experience to create something better The business of trading is quite different than what we think it is I can I can suggest that I see we're back to vpok you want to watch this We're back to checking retail in the developing daily time frame If we fall below we can come back to that uh 65 ish below If we push above we're going to squeeze and come to the outside towards the initial balance low Okay, that's it Don't have anything more than that if you got by the way This stream is available to everyone in the bookmap discord trade lab chat to review for 24 hours if you're interested in that Um, if you're in the trader lab, that's something that's available exclusively to you plus ongoing narration when my one time permits in between my other business duties So I hope you got something out of this if you're in youtube a thumb up and there's a link in the bottom of YouTube if you want to visit the bookmap discord trader lab chat You don't have to be a bookmap subscriber. You won't be solicited And there's a lot of additional free education. First of all order flow to the max using a high tier tool like bookmap But let you see inside And I didn't get bookmap to 2015 I would been using this process that you see me doing here for many many many years many Um, I learned market profile from peter stottelmeyer who created it in 1985 And I'm gonna say I messed it all up because I decided I'd be smart and used indicators with market profile And all I did was I think the term is uh disaster So, um, I figured out that might not be such a good idea. Why I wanted certainty my emotional needs were to compress risk And I did the same thing in trading systems because I came into this business with the belief that I could You know really reduce and squeeze risk out. I mean in business. Don't you want to reduce your overhead? Well, I thought and that's losses. So I thought I could do that What but that doesn't fit in this business the casinos cannot reduce losses what they do is they Play games that have an edge. It's a different business You see that I didn't understand that because when I started there were very few off-floor traders Everybody was on the floor So I'm just saying is I came in with beliefs that were defective, but I didn't even know that It took me a long time Unfortunately and a lot of tuition to figure out what I was doing In spite of how hard I was working and how many times I thought I finally Had it and then I'd wake up a trader groundhog day. I'd have the same outcome I was random in a random environment So even though my account would go up and down up and down It was just like gamblers to make money and give it back make letting get you know, it was the same, right? So I it took a long time Unfortunately, you guys don't have to spend that much time as I did. I've been doing this 43 years So it took me a lot longer than it should take you But the problem you have is you have so many inputs so much information and human nature being what it is You're going to run the different side of the boat every 20 minutes with the latest idea the latest Oh, here's all you need do this one thing, you know If you haven't figured out by now if you've been in the real retail space The outcome for retail traders is abysmal at best and they're all doing the same thing I think it's unrealistic It's just an opinion not a recommendation that if you're doing what other retail traders do that, uh, you should not Probably expect a different outcome If you're interested in just kind of on your journey stopping by and seeing what's going on in the trader lab You're all invited. Please give a thumb up in youtube. Thanks for visiting the trader lab. Appreciate you guys stopping by This is really market mechanics How the market works and structured trades to interact and the way that you create a business and trading and have Least the opportunity for longevity is knowing that you should only interact with the market where you have an edge No different than how to casinos interact with the gamblers. Thanks again. Appreciate you. Uh, I'll see you guys tomorrow trade safe