 Hello everyone, welcome to order flow trading with Robert Rosa please give me short feedback if you can see and hear me according to my Configurations everything should work Fine, but if you can just Give me quick feedback would be great So I got a Hello Rafael nice to see you all is good. Perfectly Rafael Hello Saeed nice to see you then we are also going to start Let me just arrange some more things See perfect. Well, then we go ahead. So today like every Thursday 3 p.m. Central European time starting here order flow trading with me Robert Rosa for Everyone who doesn't know me yet. I Started trading at the age of 13. That was around 1995. I Co-founded my first investment company at the age of 17 with two partners in Frankfurt, Germany Actually, these two people also taught me about the investment business alternative investments hedge funds private equity managed accounts and Well with them together. I started to trade the SMP future still through the telephone at the Chicago mercantile exchange and was at that time the real SMP not the mini future and I was a witness of the transformation from Floor trading actually to online trading So I'm very aware about the changes and how fast it can be that the trading strategy or trading ways not working anymore because of technology in I sold my shares in that company couple years later and in 2004 I moved to China where I set up my second investment company with a Chinese partner We had under management over a 100 million US dollar. We I had this team of 30 your traders analysts and Project managers Well, and if you are quite successful in China then well, you always get trouble look at a Jack Ma and so on So I was detained in 2011 May 4 Yeah, so to say outsmarting the Chinese finance system And I spent the next seven years and seven months in Chinese detention center and prison I was released in December 2018 And well after that time I also discovered book map, which was a great tool since that day on I'm actually using it and Well, I started to write a book That's what you do when you get out of prison. You can also find the cover on the top right Unfortunately, it's only available available in German. It's called Dragon years It became a top 10 best-selling book in Germany at that time and well You're sort of proud of this so you can see me and my handcuffs and now I'm running actually a trading community and Developing propriety trading tools if you you can find more about me on Robert rosa.com And there is the German speaking community and also a link to an English speaking community. You can find it here school.com traders mindset You will get updates about book map about my trades that I'm doing actually real trades Even if you make a loss, it's totally for free and most of them are very Yeah keen to learn more about book map. You can find me on YouTube as well and on Twitter But now most importantly before we start training I always want to emphasize this you are responsible for your trade do not copy other traders do not make other people responsible for your own mistakes and We are going into the general disclosure all book map limited materials information and presentations are for educational purposes only and Should not be considered specific investment advice no recommendations Risk disclosure trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors past performance. It's not necessarily in Indicative of future results So now let's have a look To the markets I'll get all of this So Now let's see who's already here and Now our chat room Raphael best greetings to Switzerland Said hello Michael hello Aloisante. Hello Luca Piri Well, we have a very famous person in the chat right now former GT3 world championship winner Luca Piri and Well, we used to work together and well I was sponsor of the racing box team and we were together in the Le Mans racing series. So Honour to have you here Luca amazing. That was a great time Racing our Ferraris and well what the prototypes and Lamborghini In Valonga, I still remember these great amazing times So whoever of you is into car racing GT3 Le Mans, well, here's the world championship winner with us Luca Luca from Italy. Yeah, soon. I will come to visit you again back to Roma or Tuscany Now let's have a look to the markets. It's now was so 25 minutes before opening So we have to do our basic Education if we look into Yeah, the S&P 500 future most importantly, I have my so to say here my sheet sheet Where I do my homework today is 18th and Well, I want to get the information about the opening price. Unfortunately, the market is not open yet Then I want to have the settlement price this we can find out now And of course the initial balance, which is the high and low of the first 30 minutes of the trading day Then I want to have the delta to see to compare if it is Volatile day or if it is more quiet day for me. It's important to know if I should Short the highs or buy the pullbacks in a trend The settlement price. Yeah, very important information always You will find this one on the website of the Chicago mercantile exchange over here markets a Mini S&P Settlement price and we find it here 5062.25 So why is this in price important because actually it's not the settlement price of today because this will be done in the last Last 30 seconds of the trading day and it's a settlement price of yesterday But I still branded it as today because then I know I put it in today according to this price a margin regulations will be calculated for bigger institutions if they have to add more funds to their accounts or if they can withdraw funds to comply with the maintenance margin regulations from the exchanges and the brokers and then of course also the PNL of That day will be calculated and we know that this point is many times very valid support and resistant zone CLM good good good good very nice exactly. I will do this immediately CLM Yeah, this one is getting a little bit dry But I will still leave it open CLM of course a lot more Liquidity, so if you once sometimes you forget to roll over you see here on the right side is your order book is very thin Yeah, I mean it's still tradable But here we can see we have a lot more size in the book Okay, we close this so the second important thing that you have to do before the Business or trading day is starting. We have our favorite website trading economics I like this website because it's clean simple and brings information down to the point If you look at the calendar, you will find important news Impact today. We have nothing a Fridays some news today. Nothing of important will Fed Bowman speech some speeches existing home sales, maybe this will have some influence at 4 p.m. So should be carefully for other sectors like energy Nothing of interest for us right now. So let's have a look at the bigger point of the market As you know, I like to use Trading view We can see that we are really now at an important zone of the Uptrend was the abstract uptrend is still in play until we actually break the Support and resistance on I did Different analysis on different charts for this market. Let's see Wanted to have one long-term chart. No, it's also not this one Here exactly now I have on this chart. I draw some Anchored Vwebs. It's a low here low here low here and we actually now it's a center point of this anchored Vweb We broke through today will be an interesting day If we really close below this area, then we could say that's a short term downtrend That's a short term uptrend is broken and we're actually looking on the yeah downside To one hour chart We can see here I draw this volume profile zones and for me interesting the high volume notes each time They are actually very accurate support and resistance zones On the upside we can add to the Vweb here And before you forget it next Tuesday 9 p.m. Central European time, or I think it's 3 p.m. Eastern time. I Will have a book map where we now is Bruce together and we are going into detail into trading the Vweb and Anchored Vweb and term trade management Google hello guys Roberts community is really recommended. Thank you very much. That's nice Hello, hi my drive. Hi head for manager Hey So now let's see who is here on discord also Many people come higher up a head for manager cmj ec z great Now let's go a little bit Deeper into the view, you know, I like to use the one minute chart and you can see here I always extend going back to the one hour chart. I am extending this point of control Nines or high volume notes. So I actually can see them here on the one minute chart and They actually act for me very good as support and resistance on I have here the regular trading hours Which is starting here? coding 3 30 p.m CET until 1015 now, let's have a look at the extended trading hours electronic trading hours It started here overnight. We are still on the upside a little bit. I'm not trading the electronic trading hours Really, I'm living according to us time zones We can see we have the bottom here. We started to hit this at 50 63 on the upside and lucky Finally, you see actually how well these Virgin point of controls are working on the Tip basically, yeah, we had the high again here You can trade them multiple times if you're actually only each second time you are You get a trade like this with a very low risk to reward ratio very low stop you actually start to make money and For the trading day today, we have these lines in play the upside for 50 84 50 85. I'm looking for shorts We are now a little bit up So we are actually could have a gap close play and if we have a gap close, I would simply Go long at C close now. We have to enter here the settlement price important at 50 62 50 62.25 interesting very interesting zone and also no Coincidence the settlement price closing price is in conjunction with the point of control and While this is a nice support zone, which we can basically trade as for longs We will see this Later book map I will double check these lines To see if we have similarities 50 62 can we already see something in the book? 62 we see a little bit liquidity here on the upside 80 81 of course this is Book map 80 81 is this zone. I am heading back to the Regular trading hours, which will start in 15 minutes then I can better see the gap place Now I want to show you two features which I actually discovered and First of all we had to call On Monday with a book map because as you remember I had a trading problem. It was Over two weeks ago. It was a fast market I had orders in the in the market and news came and Actually two orders were filled and I got also stopped out everything a fine But with the third order my stop loss was not triggered and I was using this brackets Order so we actually went into the trading locks and we figured out that the trades got rejected by Rhythmic it was not a problem from book map So now we are still investigating what was the problem, but there is one thing that you have to keep in mind actually I I Never looked here into the details connection details Well, basically nothing is changing. Yeah, but somehow last year a new button came Bracket stop orders convert to market on reject point was my stop order was rejected So they simply cancelled the order But I don't want that if I even if the orders rejected I simply want to get out of the position by all means and you basically have to click this and this these two Buttons must be clicked Most likely this will be a default Functionality in later book map versions because people don't know that even we didn't know that and I never actually Checked my connection because once the system is working on you just don't look at it. Yeah Don't keep that in mind if you don't want to get the same problem click both Buttons in your configuration if your rhythmic trader then second Second feature that I actually like Configure at ons if you want to have multi-bracket orders Well, we got it multi-brackets this feature very simple if you cannot find it You simply go to manage at ons and you just choose it here from this At ons and install it Before I was basically trading with an SL of five ticks With a profit of 12 but many times my profit target was it and the market still continued moving in my direction So now I basically trade one lot which means three contracts for me and I entered I and will enter with two and take profit after 12 ticks and I will let a third contract run Give it more room to maybe get 20 or even more ticks. So basically then I would trail my stop loss at the at the Encard V web Hello, cool beans. Nice to see you here. So and then I also would like to explain a little bit about the iceberg orders and stop orders that you can see here and well, I went Quite deeply with Bruce into that last Monday. It was very interesting The red basically are the Stops that are triggered. Yeah, you can actually if you have rhythmic and MBO data This is also basic homework that you should do and read more about it Many times I'm surprised how little traders actually know about market regulations and market structure you should actually read and inhale this website and actually read the Information and the rules and regulations of the exchange It will give you a complete different confidence about training if you know what it is So on everything is actually described on the CME website and in a very I think Clear matter even if your English is not your native language like mine But it's quite simple English and if not, you just put it into chat GPT and it will translate it to you MBO data we have each single Information if we have if we see on the right side like 1000 contracts on the Bit side we can know if this is one order with 1000 contracts or 1000 orders with each one contract. Yeah So this is the information market by price Which you basically get from CQG or other brokers are not suitable for trading and each now order also has a ID Yeah Identification ID order ID and with that we can see if this is a stop order or an iceberg order iceberg orders basically is already If you if you know if you look into the ocean and you see an iceberg You only see the top but you don't know what is below the surface of the water and that is huge And these are iceberg orders. You only see a small part of that and you cannot know how much is actually behind this order but we can actually Because of the order ID detect these and now I will scroll into this Order a little bit. We can see each step. Let's see if we can have it here. Yeah, nice example So now we have here the lifetime of an iceberg order D means the iceberg order was detected But it's not filled yet. So we see the blue line that indicates the So the lifetime cycle of this iceberg order T means transmitted So for lots were transmitted eight lots and the order continued continued continued until the end E means executed. So this iceberg order went through this process Interesting information then maybe later if the trading is starting, we can see that the iceberg orders also are moving Maybe they change the limit price Or they do not get filled and then we have well a C for cancellation So what is the use of this information for us? The use is simply to know Where is the big money going into the market? Yeah, many times we can see like yesterday Iceberg orders are moving up and the price is actually changing these orders. So the market is going up Or if we have huge support from resistant lines like probably I would suggest later here 63, 62, 83, 85 according to our chart a lot of iceberg orders will pop up This can give us good ideas if these support and resistant zones are actually valid or not if there are no Orders basically, it also has no It's not important Ooga again, is it possible to use multi-bracket orders with cross BBO add-on? Good question, I don't know maybe someone here from From book map can answer this well to add Information to the bracket orders. These are server-cited orders. That means if you place a Multi-bracket order in book map, the orders will be on the rhythmic server. So even if your computer is crashing or you turn off Book map your order is still in place. That's actually very good Head from and I what is ice block order? Well, like I said ice block order iceberg order is something like The order that is in the book, but we cannot see the huge The magnificent well The size the real size. It's like a hidden order. Yeah, I guess it doesn't work with cross trading. Yeah, I always under I believe so, too It's only for that chart where you place the order But to really get the confirmation about this simply Go to ask this question on the book map channel. I think there is also Somewhere Somewhere a room for that Have to look at this if there are Information Yeah, you're welcome. And if you have any questions, feel free simply to ask Let me see how many viewers we have already Over 50 and a lot in discord. That's nice. Well, and you can also hit the like button Yeah, we have so many viewers and only 15 likes. That's not enough Okay, without to ask supported bookmark.com. Yeah, alloys under definitely I mean, it's an important information not that people's believe this is Working and then it's the end. It's not so one second now five minutes to start We can see liquidity is coming in and Our zones of interest are here and here and we can see a lot of liquidity around this level of 80 We can see here in that picture the anchored V-web or not the anchored V-web. It's actually the V-web starting from Recording start. It was quite early this morning And we can also see many times the market is moving very smoothly according to the V-web. Yeah And it's standard deviations This is basically my niche in trading. I'm trying to figure out where the algos are starting to buy and sell So I can get into that market Basically, if you trade here this V-web one two three four you have a very good Chance of success. Oh, okay. Perfect. Alois. Yeah there in the knowledge base This is basically the first step to go to get the information about book map Do you have to buy several indicators from book map? Which one would you recommend to us? Um hedge fund manager. This is basically depends on your trading style and your trading market For example, if you trade the NQ Yeah, I will Get it on here Just an example. Yeah, there is no right or wrong But the NQ has somehow I will not call it mail function But they are messing up the order book with so called bracket orders This here this noise We have to filter out this noise to get actually clear view on the NAS stack It's very messy. So for this add-on we have for example settings configure add-ons trader map pro and You can actually filter these orders. Yeah, so it will create a second chart here and we get Later, you would see better view if Market Piles for example, I'm having the market parts here. I simply switch it off during live streams because It creates somehow some noise And distraction Basically the add-on that you use for that is let me go to the book map marketplace Which concludes everything MBO bundle. I think this contains Stops an iceberg Exactly, you need risk make data, but that's not a problem stop an icebergs on chart what I'm having liquidity tracker trade I'm a pro market piles algorithm bundle for stocks and futures. Let's see With risk make data, you can't get the overnight. We've a correct only from when you open the platform my drive Exactly that is Well, the data is simply too large There is also no way to save or to record this then your system is not yet possible You simply have to turn on your computer and let it run Yeah, maybe we'll go sometimes in a learning by doing simply try and error So now we see market opening First thing that I'm going to do is to add to the V web Sculculating let's see if we have any surprises here in liquidity And why am I still having an order in that market? That's interesting cancel all Did I place an order? Somehow I started to place an order and I didn't know what I did actually Turn this off. Well, it's not my intention. So no surprises in liquidity. We have 80 well, that's a lot of selling pressure Let's have the chart on the other side Probably a quick gap close run to the settlement price. I think the 62 is a very interesting area for longs. We enter the opening here at 74 right now for me exactly minutes after the opening. I am basically not trading. I'm trying to get a Feeling for the market Also to get a feeling how the V web actually reacts on orders. Sometimes it's a little bit choppy like for example yesterday if you saw My trading diaries, I record them on Loom and publish them for example in here in Discord channel my discord channel on the community. I simply Somehow last two days. I was All that my stop loss was always triggered Exactly on the tick and then the market turned into my direction Really unlucky. The only thing that I found out which is which changed. Actually the strategy is valid It's not a problem of the strategy simply my stop loss was too small, but if you look really the Wix volatility index definitely increased from 13 1718 right now But still after two days, I'm not willing to change or adjust my stop Configuration I'm just well sometimes you're just not lucky in trading. Yeah, you are right with your analysis. Your strategy is working. You see that Just always this one tick and then also never took my take profit Well, always the market stopped like one ticket before my tp simply Yeah Annoying. Oh, there is a way to get the data if you risk make it is the DX feed historical data package for 14 bucks and You can get overnight VVP as well. Otherwise Santa that is interesting then I have I Have to check this out. You always learn something new Well, this is Chinese my I What we show Eden Chung when met I Used to live in China, but I have to pass on that So now we are going close to this level of sixties. That is interesting. Keep in mind the gap close This is very interesting turning point the settlement price and combination with the point of control is Could be a valid Long signal and we don't see a lot of liquidity yet here in the market Let's see what's going to happen in that area is a 60 Now we are the settlement price and basically Here at this level 60 still market goes further Stop run was for 89. Yeah, that is something nice to see so that we could get now probably Turn around But there's no nothing coming into the market no liquidity still Okay, now we can see here is an open iceberg order 25. It's not filled yet. The markets we see buyers are coming in here Was triggered Still more icebergs are coming We see if I have the settings correctly Basically, I have a threshold for the icebergs now. I have to put in my threshold Otherwise, I get too many information and I only want to have the big information The important information So the short 50 okay close Well, that is basically unusual. That's the market really simply Runs through the settlement price the big picture probably next support then here at 47 Now what am I going to do? I'm for me like I said the initial balance is important and this is the high and low From the first 30 trading minutes, we have the high at 50 74 right now and the low not figured out yet But it will give me an indication What is going on if this market is continuing now from? Yeah, we have 75 down to 51 is already over 20. So that's sort of a larger initial balance, yeah If the mark of the first half hour is over that basically I would look to actually buy the lows and sell the Sell the highs Because I wouldn't believe that the market will go into a special direction at that time We can compare it and compare it in this way if we have a IB that is very narrow We can see it as like a Yeah pressure point a lot of orders would be accumulated and then The second half of the market is leaving this range. It will continue into one direction. So we are going to have a trend right now. We already Actually developing a trend right now, or we already have a downtrend and Then normally if something goes down, there will also be a correction, yeah And we can see more and more larger icebergs are coming into place. This one is also open here quickly Executed here right now. This is a market if the market opens like this. I am not interested in doing anything Yeah, I'm just watching until this Pressure is over to be fine to reasonable bottom Okay 50 year more and more liquidity is coming more and more This is now a level where we could probably consider As the support zone To get basically a correction. We can also see the icebergs continuing Slowdown, do you pay attention to correlation with NQ when trading ES or do you just focus on the chart in front of you? I basically only focus on the chart in front of me I do not pay attention to the NQ if I trade ES But I pay attention to the spy here To the ETF To see if there we have certain Liquidity which is not displayed in the future market. So if we have their correlations or Differences, yeah, which I can use and we are also calculating the option prices for the s&p From the zero DTE options the options that expire today to actually see that we have a sort of volume profile And where we have a lot of volume Well, basically the market is in a fair zone. These are these green Buttons if the market goes outside of the zone and the price or the volume will not go with it Basically, we have oversold to overboard market It's just something to support. Yeah, it's not a trading indicator in that way And right now the information is not valid according to our rules after 4 o'clock or 4 p.m. Or CET was 10 a.m. Eastern time Now and we could see interesting We saw this liquidity coming into the market and now we have this sort of correction To go along into this area would not be right because there is simply no liquidity yet. No It's just like an empty hole And now we see buying pressure or buying power is coming into the market at 50 and now we see The pullback and basically the pullback Goes to the anchored V-web here or the session V-web starting at 330 And we can see interesting the iceberg orders are moving up. That is nice from here suck moving higher moving higher And Are in place here That is a nice sign that the market actually is getting pushed Up that people are believing now. This is a fair price to get into Well over 60 people here 65 very nice and Don't forget to hit the like button See very nice. We have the liquidity in play coming. We have increasing or limit the limit were changed with the iceberg orders going up up up and then Basically if they cannot get filled, maybe they cancel them and move the market up so we can see the buying pressure is coming in Nice to see a nice how to Interpret to analyze the iceberg orders and see the value behind it We didn't have that sign here here nowhere Just started to happen here And that is what I want to see if we found the bottom Then we have here 295 255 these are already 500 these are larger orders And now we see liquidity is coming here around that session V-web probably We know the algos are starting to Give selling pressure. It's a fair value to sell actually here if they believe the market is going down for everyone who is Just arrived now next Tuesday 10 now three Pmce at eastern time or 9 p.m. Central European time We are going to have a book map webinar about V-web trading and trade management Now we can see how the market actually is Eating up this iceberg order. Yeah, the blue line indicates. Okay. There is A lot of buying pressure. These are things that we basically cannot see on a chart and still here also buying Buying nice to see the iceberg order was hit Are not here And after this buying pressure comes into the market So then actually to go short here is very Dangerous if you see this there's also way how to actually filter these trades We know buying buying buying comes in And well, you can avoid trades at the V-web. For example, if you have this correlation Now we see that was the oversold reaction and now probably going back to this standard deviation What I think triggered so long If I would assume we have a lot of iceberg orders here larger orders and then probably Somebody got some pressure. Yeah, and simply did not want to wait with the order and just changed the iceberg order to a probably a market order to actually Move the market upwards. Yeah, this is what I would consider Well, it could be a reasonable explanation Because we can see here something ended here from the iceberg order, but there is no execution sign And then somehow probably it moved up. Yeah Now if we see these Pearls so to say they're simply going straight up. There is some buying pressure from people From larger institutions that have to go into the market. Maybe they cover their shorts or whatever. They think the price is fair We don't know the reason behind it. We can only see that people want to buy aggressively at that moment And also we have to consider at the moment. We have a very thin book. Yeah Only two digits. This makes the market very volatile the last weeks. We always said at least three digits here around continuously So this is why we have fast markets and I believe this is of course in The result of what happened During the weekend in israel and iran. So of course, there is a fear in the market Also interesting here at the standard deviation. We just had we hit The line and then the sell-off came three points Basically, these are very nice trades that I like to do. Just go place my order here Very narrow stop loss and then try to get these moves On the other side. Now we see this uptrend what we have to do. We simply have to add An anchored vweb to let the market run What we can see if you add the vweb at the bottom Or at the daily low We can see the market is moving up Make the retest and then this is your entrance point Vweb from the bottom and the standard deviation a nice long signal Again, where did the market go? exactly Add the vweb and then back to your question head from manager. What did this buying pressure trigger? I believe it was the touch on the vweb. This is when algorithms Algorithmic trading is starting to buy and the market is moving up Same here then back to the standard deviation like I mentioned and back to the vweb These are very very nice sweet trades And this is why I want to use the bracket Multi record order I would get out here with my first two contracts and the third one or the third lot I would basically cover here Now we're actually expecting to go back to the vweb What time frame are you using on the left? Well, basically there is no time frame Mr. Cage is simply Tick chart, yeah I'm just scrolling in and out to get the bigger picture, but there is no specific time frame We see each tick on the right. It's a one minute chart I know what are the white line? It's basically the anchored vweb from the bottom of the day Like on the right side, I just enter an anchored vweb here That indicates me as long as the market is above this line. We are simply in an uptrend and the pink lines or purple lines is the session vweb starting at 9 30 eastern time the market opening or 3 30 CET time And these lines are the standard deviations the first and second standard deviation Now we can see we simply hit the vweb again and we see some buying pressure coming Now it's a question. Is this still a valid uptrend or is this Let's say correction finished and we go again Back to the lows now the market is struggling here if we break below The trend is over But actually the market is not doing it. You can see and then this is my niche I would go along here and let it run And again, I would get my take profit here I'm out of the business and would have made my money two nice trends to the trades would be here And here and eventually here if you what I doubt if you really get into the market if you place your order here well, I know Actually there is no difference because a vweb Each reverb has a starting point I just call it session vweb because it's either starting point Is at the beginning of the trading session And cut vweb Has an individual starting point that I choose according to my expertise for example, when I know we have a Low I would enter a vweb here To actually confirm the continuation of the trend and to find entry points I am not a breakout trader. So if I know the market changed, where should I enter the market? I have I want to Take as less risk as possible. And then I basically have these points here and here To enter on this uptrend And you can see very little risk you can work with very Tiny stops So the end card we would simply a point where I decide I want to enter You can use Events for example, if you have news releases, you can enter an end card vweb there Basically anytime. Yeah, I can also put one here here here The question is when does it make sense? And again market is moving to the standard deviation again nice short scenario Already Three four points. I would have made my profit here also Exactly. There are a lot of buyers here. That was the turnaround zone. We had this sell-off And there was no liquidity. So there was nothing to trade and then we saw the iceberg orders coming into the market And we saw the liquidity here and then basically the trend was over and the long trend was initiated Doctor, I try in English. No problem. Well, not everyone is native English speaker. Same like me I actually switched from quanta or to book map and trading view And can you show how to use the anchor vweb in trading view? Is it an indicator? No, basically A vweb is no indicator. It's a benchmark. Yeah, but it's here in the category of Indicators of course, but it's a standard tool. You just go on the left side. I think it's here Projection Anchored vweb. You just click the star and you have it here in your favorite toolbox. That's it And there is not too much to configure if you look at it here at this vweb You simply click on that symbol and enter it anywhere like here for example And you can make right click settings and you can add the multi bands if you like first and second Change the style visibility in which charts you want to see it color and you can save it as a template That's it. There is not more to it so now the first 30 minutes of the trading day Is over and i'm going to calculate actually the initial balance. We have here initial balance low At 50 50.75. I will enter that into my table in the upside here at 50 75 The opening price 50 74 So now we have a delta of 24 which is compared to the last trading days Larger yeah, so according to my theory and my understanding I do not think that we will go much below the i below or much behind the i below. I would Look to find short scenarios here in this area. Maybe a little bit above a little bit below And long setups here Because I believe most of the business is already done Of course, that's not a guarantee. Yeah, like I said news can come anything can happen We know the situation right now, but this is how I think and well if I Believe that I can Find short setups here. It's possibility for me a much higher Wow over almost 90 viewers amazing. So you still can hit hit the like button. Yeah I still can also make some Um small Advertisement if you really want to come into our english speaking trading group. It's for free, of course, yeah Over 100 member. I am posting my trades and not only winners. I also make losers. Yeah It's like this we web trades laura. She's also very active in the trading community and book map And well, it's starting to grow and we have a very good german speaking community with over 500 members very nice and well The english speaking group as well. It's completely free and I have some interesting um We are things that I'm going to start during the next Next um week next months and if anyone is um near the german town of stuttgart next week, there is a Largest um investment exhibition in germany and I'm going to be a speaker there on friday the 26 So if anyone is around come to the exhibition to the invest and we can have a drink and we can get a book from me It's my Signature So now we can see if we broke the n-card v-web And now the trend basically is over The uptrend. Yeah, and I think we are going now more and more into a Rotation, yeah Now I would wait until the market is going to the initial balance low And then together with the second standard deviation We are 50 50. We can also see liquidity is coming in here Would be a nice um trading setup 50 50 I wish I can speak german Well, it's a very complicated language. Believe me. I really prefer to speak english. Somehow I could express myself A lot easier Yeah, where are you from south star? I think that was uh south korea if I remember correctly or You were there also last week and we can see again. Well, we are going into that range Yes, yeah, I remember that Unfortunately since I lived many years in asia. I never have been to south korea But of course when you're living in china, you learn a lot about k-pop. Yeah, it's I knew most of the k-pop singers and bands, but I don't remember their names, but I had to get used to it Ah in schweinfurt nicknack. Yeah Sorry for the european germany is the best country in europe. Yeah, well Depends on what you want to do. Yeah um Try swiss germany Yeah, well that is uh to roll the arrow like the Swiss people are doing that. It's crazy Um tess, how do you use the spy as a correlation? Well, I can tell you that now I want to see Where do we have? Oh, okay. We also have a data error here non cp. Okay interesting. So to look at the I'll go um I'm trying to look where are huge liquidity zones. Sometimes you can find liquidity in the spy That you cannot find in the future markets So then I assume that the market will still go to Huge liquidity areas. I'm this is not big Sometimes you really see huge orders here and then the chance is quite high that the future market will also go into this direction But you cannot detect this liquidity in the future market So this is what I'm looking for and basically Yeah option levels like I said normally we calculate zero dte options the option volume Um, but right now as I see there is somehow a bug. I don't know what's the problem. I have to talk to my Coder later on Then we can detect if there is overbought or oversold area Which software I use to stream I have obs obs studio. I'm using that obs studio and sometimes also streamlabs if I want to have multi streams Well in discord, you have see basically the normal streaming function here. Yeah, that is just screen share And it's doing this automatically Hello, Mike. Nice to see you here. What is your opinion about bitcoin split? Yeah, well, um, I really don't know. I mean Saturday, I think Saturday is the halving From bitcoin. I don't know. I just remember everyone as the bitcoin futures were Launched at the cme. Everybody thought okay great Now we have futures on bitcoin and after that the market crashed We always have this saying by the rumor says effect I really Don't know from the logic point of view. Of course bitcoin should increase because there is um less supply But in reality, I really don't know I can tell you from myself. I'm invested in cryptos in bitcoin isserium and Other tokens like render for example, I'm very interested in bitcoin or in cryptocurrencies But from the trading point of view, I simply prefer future markets because they are more stock stocks Or forex they are for me A bit more transparent and easier to Observe there's not so much fake going on So now we see an interesting level going to the initial balance high and the opening price and we can see Larger iceberg orders coming into play. We have this liquidity at 50 75 I would assume to look here for short scenarios in this area Mike, thank you very much. Uh, that is uh, very nice to hear from you Well, and still everyone can hit the like button very nice over 80 people And a lot in discord. That is nice so if there are No more questions then I would also start to continue trading and well book next Tuesday 9 p.m. Central European time or 3 p.m. Eastern time New York time. We are going to have a live webinar about vweb trading and the Yeah, trade management what ways we can use to trade Or we see each other in our our community. Yeah, English speaking community There will be Nice progress come join us. You will get updates about trades and About well ideas and new projects that I'm going to launch in November And November May I mean and I would say have a good day have a nice training day be successful. Don't Don't get a margin call. Yeah Always think about tomorrow when you trade today's today should not be your last day Otherwise take care. Bye. Bye