 Hello, welcome to today's live stream. Best regards from Germany. Just a short question. Can you hear me and see me? Everything fine on Discord and YouTube? Hello, Alois Sander, nice to see you again. So then, yeah, let's start. I think everything should work correctly. If the Discord stream should cut some hours, stop, please let me know. Sometimes this happened a couple of times. I don't know why. It's running known. I'm not changing anything. Perfect, DemoTrader. Hello, hello, Ragu. Perfect, so welcome to today's live stream with me, Robert Rosa. I started trading at the age of 13 for everyone who doesn't know me yet. I'm German, I'm living in Germany currently, or I am in Germany. I started to set up my first investment company at the age of 17, that was at the end of 1998, 1999. It's almost 30 years ago. I had two, yeah, two partners who taught me actually the trading and private equity, hedge fund management and alternative investments. In 2004, actually I just sold my shares of that company in 2004, I moved to China where I set up a second investment company with a Chinese partner and I managed over 100 million US dollars. I had a team of 30 people, traders, analysts and so on. But if you're very successful in China and if you know stories like from Jack Ma and other rich Chinese people, you know that you somehow always get into trouble. So I was detained in May 2011 for outsmarting the Chinese finance system. I was released in December 2018 and of course what the first thing I did was writing a book about my story. It became a bestselling book in Germany. Unfortunately, it's not translated into English yet. So if you have a publishing house or so if you know someone who's interested in an amazing story, please let me know. I'm happy to let it translate. Otherwise, yeah, I'm running a free community for German speaking people, but now also for English speaking people, if you're interested in, please send me the direct message and I will give you the link for free community to exchange yourself. Also, just Google for my name, Robert Rosa. Basically, this is where you can find me on Twitter, YouTube and Linktree. Most importantly, the general disclosure before we can start, all book map limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure, trading futures, equities and digital currencies involve substantial risk of loss and is not suitable for investors. Past performance is not necessarily indicative of future results. Hi, Teddy, nice to see you. So, and yeah, well, now we can start. I think one of the interesting markets right now is Gold made also new all-time high and we could see very clearly here in book map the market sweep. It's a great way to trade. Then the liquidity came back to 171 US dollar and the market took the liquidity, absorbed it and then the sell off is starting. If you look at the chart to get the big picture of Gold, always important before you, for me before you look into book map you can get the clear picture. Gold futures, we have the daily chart front. We can see the red lines that I am, that I have drawn are basically anchored wewebs. So to say my favorite analysis tool to get a clear understanding where support and resistant lines are. Then we had the, yeah, the highs at 2082. Then we had this huge week on Monday, 4th December. The market went up to 2150 US dollar and then we were stuck in that range here. But now we have this move up and it's interesting to trade and to see where Gold can move. To get a better picture, I am going to a shorter timeframe and I will add different anchored wewebs. The first thing what we can see is if you want to analyze a market, there are two main characteristics for me that I want to understand. And this you can see in every timeframe, also in book map. Book map is essential to understand this for day traders. The first actually type of condition the market can be is a rotation. This is a rotation here. We can see the move, the market is moving sidewalks and then the breakout is coming. Again, we have a rotation here. Again, we have a rotation here. The market is shifting upward. We have a rotation here and a rotation here. And then the market will make a shift and goes to the next level. This we call a trend. This is basically the trend. This is an impulse. I would call it an aggressive shift of the valuation of the market and this is more like a slower upward trend. So main picture is for us. Yeah, Rob, are you trading ECB news today? How important is economic news and reports for your trading and funds? James, good question. It is very important, especially if you're a day trader and we can just make a quick look at it. We have trading economics is my favorite website to see the news releases. This is central European time. Since I'm based in Germany right now. You see how many people are here. If there are questions, please let me know. I will answer immediately. Today, Thursday, we have the interest rate decision. It's already passed. Then we have 4 p.m. Fed Chair Powell testimony. And if Chairman, the chair Powell is talking, it will always be volatile. So you must be very cautious in your actions and most likely the support and resistance zones that we set up for our sales, for our trading plan might not be that, how to say, not that strong. Because if you say something like A, then the market will jump up. If he says that's not good, the market will crash. So it's sort of luck. If you're not an experienced trader, I suggest you better still just keep watching and don't risk your own capital. There are enough other trading days during that year where you can trade with lower risk. Of course, the opportunities are there. If you hit a trend, you can make quick money. But we are not here to gamble. We are here to last long to have a good income and we are always here to trade another day. Don't crash your account in one day. I know all the stories happen to me also. I remember 2001, one of some of the first days of trading year. Ellen Greenspan was chairman and he cut the interest rate. Nobody was prepared for it. And at that time the S&P future just jumped up and I was long, so I was happy. I made like 25 grand. I was just 18 years old, 18, 19 years old. I made 25 grand in a couple of seconds. So I know how this can work for you, but also against you. Are you watching the stops and icebergs? Yes, I'm also watching on stops and icebergs. But most importantly for me is simplicity in trading and to understand market structure. If you don't know what is the rotation, well, and if you know that the market cannot just walk through these sort of support and resistance lines, then you make a lot of miss trades, which will go into a, which will run into your stop loss. And actually it's sort of a basic information that you should know. And if you can manage this, if you know what the rotation is, if you know the market structure, basically you also know where the icebergs are. I don't need an iceberg indicator to show me on a chart where an iceberg order is. You can see this perfectly in book map, with simply watching on the bubbles and how the market is moving. Now we are now in the pre-session, pre-opening, important numbers for me. And I can show you also is your open price, of course, then the settlement price from last night. Can somebody tell me the settlement price for the E-mini from yesterday? First context, yeah, I will bring that into play. Most importantly, the basic homework that you have to do is check the settlement price. Settlement price yesterday, easy to look up, to search for is 511.75. You can find it on the website from the CME Group on equities, E-mini, markets, E-mini. Also for the NASDAQ, it's the same, but I prefer to trade the E-mini. NASDAQ is too choppy for me, but that's of course personal choice. And then settlements, 511.75. Then I have a table here for the March, so today is 7th, 24th, open price, we don't have this yet, 511.75. Then the next thing which is very important for me is the high and low of the initial balance. The initial balance are the first 30 trading minutes of the day, and I want to know what is the high, what is the low, and the delta. I keep record of this for each month, and then I know if we have a delta, the difference actually from high minus low is around 10 points or below points, we will have a breakout on the second half of the day. So it's a beginning, nothing's happening. My explanation for this is, and that's how I learned it 20, 25 years ago, just think about it, you're a broker, or a fund manager, now the markets are opening, you start your normal working day, so you have a pile of orders in front of you, now you have to execute them. If the range is very narrow, mostly most of the orders are not filled yet, so you need a different price level valuation to get these orders filled. This then basically, during the second half of the day, that's what happens, it's a market will shift upwards or downwards, or both. If we have a huge delta at the beginning, 17 is larger for these days, but last year we had a delta of 30 to 40 points, and even more, it's the beginning of the day, then most likely we will not have a huge movement on the second half of the day, that means I would sell the highs and buy the lows, and here I would start to jump on the trade, to actually buy pullbacks or sell pullbacks. It's a very important number, most traders don't pay attention to it anymore, it's an old school thing, but it's still, if you look at the lines later on, you will see that they still have a lot of, they're very good support and resistance zones during that day. So now let's have a look here at the basic view on the ES, and I will also talk about gaps. Most, I look at the regular trading hours, I like these charts a lot more, and especially gaps, like we saw yesterday, perfect gap close here, it's the best trades, yeah? Also, this gap was closed during the extended trading hours, we could see it here, perfect gap close, and we went to that support line, nearly to the settlement price from yesterday. Now I have to add the settlement price from today, to my lines 511.75, yeah, and it's also interesting, it's almost near the initial balance low from yesterday, just add SP, well, the initial balance from yesterday I will delete, I don't need that today. I will add it later, the Vwebs I'm also deleting, the opening price from yesterday is also important, I mean during the trading days, the opening price, but I will delete it, this gap is also closed, we delete this line, this gap is closed, and I will add here at this point, resistant lines for me, I know if the market goes to this area, definitely it's a short scenario for me, and this rotation as well. This is what I mentioned before, these zones are very important, because in this rotation, big players, they accumulated their size. For example, if you want to add, if you have to trade 1 million S&P futures, if you have to buy them, you cannot do it with buying market, yeah, so you have to, you need a longer time period to buy them, and so you have your entrance point here, and we can also measure these entrance points or the average price by simply putting a volume profile on it, then we can see that the settlement price is near the point of control, the price level is most of the volume, so we know if the market goes up to this area, 5,145, we can actually think, or we could say that the big players who actually sold a lot of future contracts here would defend the entrance position, and we have a pullback, because most likely they will not have fulfilled their full order size, so this is why I have the settlement price, this settlement price in combination with the point of control, and that is the context of the market, we know we have a huge resistance here. I can use this perfectly for day trades, and we are very close to that area, we are now at 5,135, pre-session, so we actually move exactly into this resistance zone. Now we compare this zone, the 1,145, to book map, what can we see here? 45, oh, no surprise, there is huge volume, the pre-session, so the sellers of this area here, they are not finished yet, they want to sell more contracts at the 1,145, and we can also see above 55,56. As a day trader now I would suppose to look for reversal trades in that area. There are different ways you can either, you can actually put a sale limit order in front of this liquidity to trade the pullback, I like to do these things with a short stop loss, and you can make something like 10 to 15 ticks in the ES easily, because these are the pullbacks. You can also start and trade two contracts or three contracts. Basically you go with two contracts short, the first one you will, the first TP will be after 12 ticks, and the second contract you will let run to the VWAP for example. So now let me check your questions and I will go into that. Are you trading news? We already had this, are you watching the stop and icebergs or book map? Well, for me, I actually, I can add them, but for me the market context and to see where these liquidity zones are is more important. And well, I will find examples later where you simply can spot iceberg orders. Can you talk about context, which is priority economy news or price action or is it a combination of both? For me, price action is definitely more important. The news, they always have a reaction to the market. I am not an analyst. I don't know how to interpret these news if they are good or not. Actually, I don't care. If news are coming or will be published, I try to stay out of the market until the market has a reaction and I can trade again, yeah. So basically, if there's news time, I'm staying away. Trading against icebergs would kill your account very fast. Yeah, well, trading again against icebergs. Well, we always, we never know really what is the intention of these icebergs. Are they there to hatch a big position as they are there to build up positions or they just want to get rid of their positions? We don't know it. Yeah, if you see an iceberg and the market will stop at this level and then the market will break through, okay. Then basically, you have a new trend. You will get a market sweep which you can use for trading with stop-buy orders. There are many different ways how to trade it. For example, here again, it's no pre-session but we see these ranges. We have only 85 contracts in the book but basically, we trade a little bit more, yeah. Now it's difficult to spot them but in 10, 15 minutes, we can see if there are a huge volumes traded inside the bubbles but the order book, the price quantity is still the same. We know there is an iceberg order. Do you trade a gap to fill settlement? Yeah, I love to trade gaps. If we have a gap close, I basically want to enter the market. It's always a very profitable trading strategy, sometimes a bit boring. I have to say because you have to wait but it simply works very well during the last days, weeks. Are you trading overnight markets? No, I basically only trade the regular trading hours. I don't like overnight market trading. It's too slow for me and I'm using this time to do other things. It's basically during morning time, you're on normal working hours in Europe. The ETH trading hours, but for me, I do other things. I do my market research. I'm learning a lot. I have, I'm running my trading communities where I communicate with my traders, reading books and doing that sort of stuff. Go shopping, what you have to do. Are you a trend follower or mainly rotations? I basically, it depends on the market. If I trade stocks, I'm a trend follower and I hold them over longer periods of time. Also for cryptocurrencies, I'm a trend follower. I trade Bitcoin and Ethereum and other coins. For day trading, I'm basically not a trend follower. I look for reverse trades because 80% of the time, the market's I know rotation. And for me personally, I like to have short trades, scalping, I don't like to be for long periods of time in the market. I want to get in, take 12, 15 ticks out of it and I'm happy. Quick training, I like to, I like to watch, to wait, to get in and get out fast. These orders, people can pull off any time, right? How do you gauge once price it? These orders and price going hold or will just go through it? Basically, it's simply a gamble, yeah? If you have a chance of 50% and you have a risk-reward ratio from two to one, it works. If you have a trading statistic of 60% winning rates, then you can still make money with a risk-to-reward ratio of one to one. I don't try to imagine too much into certain zones, yeah? As more context we have, like, I know there is a price action resistance, there's a volume point of control, so there's a VWAP, I know the probability that the market will have a reverse at that level is higher. But in the end, we are still have a 50-50 chance, actually it's below 50-50 in any moment. We have to deduct the commissions. So you have to think more about mathematics, gambling, money management strategies, and not to really make your entry perfect. Think more about where you should place your stop loss, how large your stop loss is and where you should put your take profits. And do you have only one take profit or two or three? And then see what the numbers are in place for you. Exactly, nobody knows the intention and the iceberg trader who is active at the moment. It's not the only one in the market. Definitely, yeah? And if there's an iceberg order and this iceberg order is being filled, there's also the other side. I mean, it's a transaction. Buyer and seller agreed to take this price. So we can say, yeah, there's a big selling iceberg order. Yeah, correct. But there were also the same amount of buyers. So it's the end, it's equal, yeah? When Euro close happens, do you close out positions? Is Euro close important? You mean like 5 p.m. European time that's official trading hours in Europe, like London and Frankfurt, actually, yeah. Cease or stop. I don't pay too much attention about that for indices. If you trade currencies like Euro, US dollar, yeah, you can see all these movements during that period of time. Opening for a European session, closing European session, opening US session, closing US session, opening Asia session, closing Asia sessions. For currencies or forex markets, it's definitely very important. For indices, from my point of view, not actually, maybe people have a trading strategy for that can definitely be, I don't pay too much attention on that. And most likely around 5 p.m. I'm not actually trading, it's going to be lunchtime in US and we have a sideways market, mostly like 5.30, 6.30 to 7.30. And then the second half, starting probably 7.30, 8.30, Central European time. Yeah, it's getting the action again. Do you use any statistics based on previous levels, backtasting the market? I have, I'm working together with a programmer who's running a lot of statistics for Vweb trades, for example, and then we evaluate if this is valid trading strategy or not. I am not that tech guy. For me, I basically use my experience from over more than 25 years now of trading to see which zones and levels are important. And they actually have never changed. The only thing that is changing, the markets are getting faster, the technology is getting better, we're getting more information, but the market still has a rotation and still has a trend. This never changes. But definitely the speed. And then I'm also old school. I basically take pen and paper and write down my trades and also the paper trades that might be interesting. And then I get an idea and a feeling if the strategy is working. And then very good way nowadays, actually I never had that 20 years ago, we have a lot of prop firms that offer you cheap access to trading capital and trading environment. Simply go to one of these firms, open a account, a challenge. Don't take this challenge personally, just execute your new trading strategy on this account. And then you know if it works or not. If it doesn't work, you only lose the fee for the evaluation, but that's only a few bucks compared to your own money. I like these prop firms nowadays. Before I was not a fan of them because actually it's not a prop firm. We have to say this, you will never trade their real money because it would be illegal according to laws of the different countries. For example, in Germany, you must be asset manager, a licensed asset manager to manage money or work under an umbrella of that company. I did that before. And then you trade real money. These prop firms simply betting against you that you will lose the evaluation, they get your fee, that's it. And they will never forward these orders to the market. If they would do that, they would commit a crime in most of the countries. How can you sort out and identify the supply orders from spoof levels on book map? It's on book map. One second. Okay, now we have the opening, I will just comment it. Now the market opening was happening and we exactly move into that zone which I identified here as this rotation. Again, we can put the volume profile and we will extend to the point of control here, this area before the point of control was a little bit higher. Okay, we'll exactly move into that resistance zones and we can see the market stop. Yeah, went to the settlement price from fourth of March, fifth of March and here we have this high volume note. And if you understand this market structure, you won't look for long trades here. Definitely not, it will ruin you. Now, if you understand these simple mathematics or structures price action, we simply look for reversal trades in this area. And we can basically really identify these levels at year one in book map. We had the liquidity here, perfect trade. Took the liquidity, made 10, 20 ticks, you're fine. Finish the day, go home. That's my way of trading, yeah. This is a preparation work which takes a lot of time and then I have these key zones and then simply execute them. And now we have to add the V-Web at the opening time. Very important. Actually, this is the session V-Web from when I started book map. We could see that these deviations work very well the market simply dived into this deviation zone and made the retracement, the pullback. These zones are very important because all the algorids, algos are trading according to V-Web, it's a very important thing. A very benchmark, it's not an indicator, it's a benchmark. Now we add a new V-Web here, the date, the date for seven, I like to have some more fancy colors, bands, we have the first and second standard deviation. And we should see now the session V-Web starting day V-Web. There are many different words for it. I call it session V-Web starting at 3.30 or 9.30. New York time. Now we see what the market will do. We always can identify in the sideways market and rotation that these lines, these, yeah, multiplayer lines, standard deviations work very well as support at resistance level and price targets. Now simply at this moment, there is nothing to trade for me or no trade indication. I would wait, that's the market first to finish the initial balance. This is the high and low until 4 p.m. Then we know at 4 p.m. we have news, yeah? So be very careful and don't be in the market before 4 p.m. We really don't know what's going to happen. So if you have any questions, fill them in. I'm not sure if on Discord. You can ask questions here in my Discord channel. I'm just having a look, Steven posted there. And yeah, you're on YouTube, of course. How can you sort out and identify supply orders from spoof levels on book map? The supply orders of spoof level spoofing and the fake orders. I'm not exactly sure what you mean now. Maybe you can help me a little bit to understand what do you mean these bracket orders here in NASDAQ Future? This basically we can, we use settings, configure add ons, trader map pro, and we activate for the NASDAQ. Sure, only the orders that were not changed by price. And I basically add another one, add filter, order duration filter. Sure, orders that exist longer than at least 15 seconds. I run this script. I like this a lot. I also like market piles, but right now, it's with live streams and with a sound effect, sometimes a little bit annoying. So now we should be able to eliminate these zones. Yeah, and we get a clearer picture about liquidity levels. 18 to 50. Does the initial balance from the last few days have any relevance for you? Yes, most likely. I really, I try to not put too many lines into my chart. Otherwise it's getting really, really confusing, but I can tell you from my experience that initial balance lines from previous days are definitely of interest. Sometimes the market really stops there without any reason. But if I would have now all initial balance inside my basic chart, it would get, yeah, very, very confusing. So now we just hit the settlement prices. The settlement prices I still have in my chart, they are, I think for the last week or two, always interesting trading levels. And now we can see here we have a very nice gap. I like to watch on these charts, five minute chart. If we get the gap close here in this area, I am really happy to wait to get the trade. Here at the settlement price in this area, definitely long. If I could can take this trade this way down, difficult. So now for me, basically just right now we wait. What's the market is doing here? We wait until 4 p.m. What's the chairman Powell is going to say? And if we have a sell off, definitely I will look for my long here. And until then I simply wait and drink tea or do live streams like now. That's very nice. Maybe let me also ask you some questions. Where are you based? Basically in the United States or in Europe or somewhere else in Asia? And which markets do you prefer to trade? ESNQ or Gold Oil or North Korea? Okay, interesting place. Yeah, exactly. That's a good question Florian. Are you trading the past to the gap close or the rebound from it? For me, the rebound from it is definitely the safer way to trade. I never know if the market really travels all the way down to the gap close. These trades have a higher risk scenario. But if I see we break below the initial balance after 4 p.m. I would basically look to trade the pullbacks. Let's say the market goes below here. I will draw it in here. Then we have a pullback. I would try to find my sell limit here and try to catch some moves on the downside. And then basically below here I would just place my buy limit order stupidly at the closing price and it will get this tick, maybe one tick before the closing price and then the market will go up. That's what happened during the last weeks, most of the time, very safe trades. So if you have this patience and you wait for this one trade, just my advice is just wait for this gap strategy, get close, place your buy limit order, go away from the computer and just enjoy the sun. We have good weather right now in Germany, sun is shining and wait what is going to happen. US, yes, Canada and NQ. Yeah, NQ I really, I never was the NQ trader I have to admit. I really, it's too choppy for me most of the time. And also at a time where I was trading larger amounts of capital, I actually I was in Hong Kong and I had my office in Shenzhen in Hong Kong and I was trading the Hang Seng future. Basically my orders were so big that we moved the Hang Seng future. It was time around 2007, eight, nine, 10 these years. We placed big orders there and the market just went 50, 60 points up or down. The Hang Seng index is similar to the Nasdaq, choppy market, yeah, I like to use, at that time I mean, it was okay for me but now I'm more the relaxed person in the NQs too nervous for me. Anyone from you around New York City or basically in New York City, I am planning to have a community event in New York City maybe at the end of this year, together with book map, I already spoke to Bruce about this and maybe we can arrange something if people are interested to come to New York, I would come from Europe to NYC to have to spend a couple of days together to exchange ideas, to get people to know personally. I am doing this in Germany at least once a year. Or there's 40 to 50 traders are coming and yeah. It's a very nice and famous get together. We did already five or six, yeah, community meetings. And I can tell you, you learn a lot from that just by talking to people, not through the internet but face to face, it's a huge different thing. So now actually what I predicted is, it looks like it's going to happen. We traded exactly into this area, yeah. Went a little bit above about the highs to the highs but it's very difficult for the market to just simply move through this liquidity area we had on book map and this zone. Now the market is coming back. And this zones for traders, we can definitely add into book map. I like to do this to define my zones of trading here. I know if the market comes into this level, it will not simply walk through. Yeah, I would look to find short opportunities either here at the standard deviation VWAP here and here and at the liquidity levels. And again now just hitting the lower band. Oh, from Italy. Buonasiera, I love Italy. I went there many, many times. I sponsored in 2010, I had a racing team. I drove 24 hours of Le Mans and I sponsored an Italian racing driver. He won the GT3 championship couple times, Luca Pili. And yeah, we traveled through Europe with our racing team driving LMP2, other Le Mans prototypes if someone knows something. If someone loves cars here, I love them a lot or still do and also car racing, very intense sport. Buongiorno, Naciera. And I love Tuscany, I went many times to Tuscany and I hear even in Germany, I have a lot of friends, Italian friends, actually in my building where I live downstairs is a very good Italian restaurant and all the Italians are my very close friends. So now, well, where are we going now? Get close before the speech. And this is now the question that before you asked, Florian, where to enter now? Yeah, now we are on the way to the get close. Okay, where should we enter? Where is the stop? It's very difficult to determine this for me. I think I would make a lot of stop loss trades. So I simply, I know the target might be down here, but difficult to jump on this trade. So I simply wait until the market is here to try to look for the pullback. OPL from Milano. So you know what very nice sculpture is in front of the Milan Stock Exchange. I don't want to show it, but it's this very big nice finger in front of the Milan Stock Exchange. I was many times in Milan. It's very, very beautiful city where I was always stayed in the gray. It's near the cashier or the dome, Milano drug dome. But the sculpture, I think it was the Milan Stock Exchange was really amazing. Let's see if we can find a picture. Yeah. You can look for, yes, Il Ditto, yeah? Il Ditto. Juventus, okay. Well, if you are Juventus fan, you must know Borussia Dortmund. It's my hometown and my favorite team. I love soccer. Yeah. And Borussia Dortmund beat Juventus in 1997 and Dortmund wins the Champions League, yeah? Yeah, we crashed Juventus 3-1. Long time ago. Oh my God. Almost 30 years. Il Ditto Medio, yeah? It's a middle finger. Very nice. It's perfect location. Just Google for Il... I own Wikipedia. I can show it here. Il Ditto. It's a... Commonly known as Il Ditto Italian for the finger. It's called Il Ditto Italian for the finger. Yeah. Well, things like this, you know, I immediately remember. I like to visit places like this, related to the stock market, of course, yeah. Wow, it's really cool. A lot of people are watching. It's amazing. And I started, yeah, like I said, I started, if I can make some... Ba-ba-ba-ba. Community. English-speaking community. Traders mindset. I think it should fall below a significant level and aim for the gap close from there. Yeah. I mean, what we can see here right now, if we want to get potential entrance for a gap close. Basically, the VWAP is essential. The session VWAP. We have these zones that we can... What? A rectangle. These zones... In combination with the VWAP is basically a good resistance zone to catch the downtrend and most importantly, the anchored VWAP which we can place at the high. So this is actually now the perfect short zone, anchored VWAP in combination with the... I call it rotation, yeah? Resistance zone. And the session VWAP starting at 9.30 US time, one New York time, or 3.30 century European time. This area here, 5, 1, 4, 1, 50 should be a good resistance. Entrance point probably here to catch onto this trend. But keep in mind in 9 minutes we have news, yeah? This is dangerous. Exactly the yellow wall. This we have, 81,300 people. Okay, now in this zone I did not even buzzer about this zone. This is, yeah, news events, yeah? This is always unpredictable. This is why I don't, we had this question before, price action or news. Now news are more important than price action because the news are, yeah? For me, just simply a sign to be very, very cautious in my trading decisions. So where do we have the low here? We had 5, 1, 3, 3, 0.25. Let's see if this holds. Get it into my list. 5, 1, 3, 3, 0.25. The high is at the moment here. 5, 1, 4, 7. 7.75. That gives us the delta of 14.5. It's increasing, definitely. But it's not huge yet. Anyways, you have hours not done yet. That means in plain words, if this number is a lot bigger than the last days, I would not trade the trend. I would trade reversals. I would look for shorts here and would look for long signals here. If this range is very low, like 6.25, I would trade breakouts here and basically not trade the breakout directly, but the retest and then try to jump on the trend. Very simple, but effective way to get the context of the market. No need to study rocket science for that. Then I draw in these lines. You might wonder why I use these very big lines because I simply had long time big problems with my left eye so I cannot see that clearly and I get new glasses. I went to the doctor yesterday many times already and get now special glasses to get a better view on the screens again. How does news affect the ES compared to NQ? Same. There is no difference. The NQ, because of this liquidity, the NQ has not this sick order book like the ES so the moves are more aggressive, more volatile than the ES. But in the end when the news are coming out it affects both markets in the same manner. If you trade the reversals are you worried about counter-trend trading? Trend is up but you are shorting? Yes, definitely. It's a game but I'm not really my understanding of reversal is not that I actually want to catch the full reversal of the day. I simply want to catch a pullback. Maybe I should change the description from reversal trader to pullback trader. I look for levels that give me like 15 to 20 ticks possibility of a pullback and this is what I like to trade. For example, if we mostly get close to the VWAP or to zones like this exactly I said I would look for shorts above here market comes to this level and now we have this pullback. This is what I like to trade and now the market will go to the VWAP and that would be basically my target and my trade would be done. Enter short here above here. Like I said we are still in a close delta of the initial balance so it's a valid trade. Sell the high by the low and this is exactly what happened now. This is why I draw these lines and for me it's very clear that the market will not simply walk through this. So this is my trading zone. On the other hand now my next trading zone is simply here and this is the middle price where the two VWAPs are and this zone is my fair value. I would definitely not like to enter any trade in this zone. It's more something like the point of control. I could go and say ok I trade the pullback from the VWAPs. It's a possibility to trade but for me I want to see that we create a new high or new low and then I would wait until the market goes to the VWAP and then trade the pullback from the VWAP. Right now we are in a fair zone of the market structure. There is no trading possibility. This is either here or below here. Very simple structure. If you follow these things you definitely understand the markets and you can be profitable. So in one minute news will come or someone is going to speak. Let's see if we see the order book is getting thinner. Sometimes we can draw nice images when news are coming you see the liquidity is pulling out of the market and you get nice shapes like rockets or mushrooms. Funny sight entertainment who can draw the most beautiful charts during news. So again the market touches this zone and it's not simply walking through. I mean now it's 4 p.m. How do I follow these news or if something important is happening there is a nice website called Financial Juice. For free you get the latest or most important updates. I don't have the paid version I'm just using the free version. If there is a reaction in the market I want to know what is behind this reaction. To receive the news in real time I'm anyway too far away from the news release. My internet connection is not that fast and I cannot trade the reaction. I just want to know is something really bad happening and going on. And this during war times we have to say Ukraine war Russian war and Israel situation anything can happen anytime maybe a bomb is hitting Poland we had this issue a couple of months ago then the markets immediately have a crash reaction. So I want to know what's behind that and for this this website gives you quite up to date news. Yeah right now there are no surprises here. I thought we would get some action right now. Initial balance is the same and now we can also draw them here into my charts. I'll be high. So and if we look like I said the initial balance in comparison to the last days of this month 14.5 is not the highest higher than the previous days we still could expect a breakout. I wouldn't trade along around this area here I would look for shots in this area definitely also this area very nice for shots I think we also have a lot of liquidity at 155 yeah exactly here if we compare to the chart where is this level yeah it's here 56 exactly this high. This is nice pullback area not reversal area we call it no pullback area yeah it was great talking to you yeah exactly the news felt more mild than a cheeseburger definitely yesterday was action with Paul out of nothing the market started to rock and roll up down up down up down and out of nothing it just happened. So my idea for the day is we might have a break out in this area so I would look for pullback trades in this area if we break below the low I would not trade the pass to get close I would simply lay down and wait to reach this level here for example the settlement price or below this area I would decide in that moment where is the liquidity in book map to enter the trade in this area so these are the two objectives ideas for my personal trading for today otherwise then I would wish you I wish you all a happy happy day trade carefully so that you are still in my stream next week don't go don't crash your account be patient and well if you have any questions ask me here and also my free community I am working on that for English speaking people as well also be I hopefully published next days and I would say bye bye and see you next Thursday