and check that it all works okay YouTube is now live um i'm still waiting on Bruce so i'll just wait a few seconds i'm here hey Bruce you're there great yes let me turn that volume up everybody's very quiet um okay looks like we're having our first real election of the day i think boomer in one of the um in Tom's channel just noted how dull the eth session has been i think es has only had 10 points but anyway let us move on to our breakfast session hope you well Bruce um hope everyone is well i think we've got um we've got a few people online um i've got an agenda up in um on the right hand side of the screen i think you can all watch es in the meantime while i just introduce that agenda and you can note the um the band of liquidity below um right i was going to introduce a topic just something to speak about for a few minutes whether it's five or 10 minutes in every session just something that does um you know attract people's attentions from what i've seen on the discord um and then for today i was all i was going to look much more closely at the nq what it did before the london open what happened at the london open uh and what happened over the following 90 minutes so i'm i'm going to drag back in time and we're going to go through it and see what could have been anticipated in theory and what we got to see in bookmap okay um well the first topic that i really want to talk about which is one that's been dear to my heart since i've been using bookmap and other intensive programs for a long time is how do we um how do we um how do we improve the performance so we optimize it to the best that we can um this one is dear to my heart at the moment because i'm looking finally at an upgrade i have had the same desktop pc give or take every single component has been unchanged for about five and a half years nearly six years now so i've been researching hard with a caveat that i really really do not like computer noise i like listening to my loud speakers you know whether that's um with that's an audible stream of things like market pulse or actually people commentating on the on the markets and i do not like listening to fans um um so what i've been looking at is mainly an intel platform aimed at streamers so um what i have deduced or partly based on the experience that i've had for the last few years uh and partly on using other tick by tick software is that there are in addition to the processor um two critical um items for bookmap this is before we get onto the software optimization this is purely the hardware perspective um so this time around i am going to install bookmap on its own nvme ssd drive so we're going to have a dedicated ssd drive to bookmap and i'm going to have a dedicated ssd drive to my other main application sierra and the reason is that yet they both stream tick by tick data and in bookmaps case it streams mbo by mbo data so we're talking about um the absolute micro um structure of data as it's streaming into your pc um so the ability to have one nvme and and they're currently the relative to what they've been for the last few years they are dirt cheap you can get a one terabyte ssd in the order of australian one hundred and fifty dollars probably a hundred us dollars for something like a western digital or a samsung that is lightning fast we're talking about uh a right read of seven thousand six thousand megabits per second or megabytes per second uh and that is um something that can really enhance your your bookmap performance where you can slow it down is if you start zooming in and out going backwards and forwards which i'm about to do when we look at the the nasdaq um and by having you know great features like the the mbo add-on um the marker pelts widget and other add-ons they can all add up to slow down your performance so um from a hardware perspective uh my views and i'm happy to take any questions not that i can see any at the moment let me make sure i'm in my channel so that i can see no no questions at the moment um so i'd say there were there were three main combinations um your processor obviously so you need something towards the top of the line doesn't have to be right bang smack bang at the top of the line because you're not playing the most powerful game um but it's got to be something relatively strong i'm looking um towards the top of the the intel 13th generation you've got to have an awful lot of ram and i also think from a personal perspective and again it's entirely up to you uh that it might be worth having your own dedicated drive just for bookmap and that's you know that's if the hundred dollars to you is not that big a deal and again when we compare that to the losses that we can experience in the markets i don't think it is a huge deal um and the ram the more ram you um you have the uh the better um so i've been running 32 gigs for the last um no probably about three years out of out of the five and a half years of this pc and before that 16 gigs um yet there are um team programs to monitor how much memory you actually use and uh when we now get into the software settings and so i bookmap and i will have a look at that um let's have a quick look um you can obviously set the actual memory allocation so i've got i've got that set close to a thousand at the moment but if you've got even more memory no if you had 64 gigs and i'm thinking 64 or even the full montee of 128 gigs you can wrap that up and you should find that that helps you with zooming in and out and zooming up and down on the vertical axis um i am a firm believer in going up and down and in and out simply because we need to check different angles of the market again it's a personal opinion you've got to do what suits your own trading but just being able to zoom in and out does help me and i will demonstrate that when we get to talking about nasdaq in a few minutes so um so uh so the idea there is to have as much rem as your motherboard or you can afford um if that is a route you're willing to go on get a done good processor and perhaps get your own drive dedicated to bookmap the other advantage of having your own dedicated drive and since they come in the order of a terabyte plus is that you can keep quite a few recordings there are there are views about um review prep um or mainly um review when you have decent amount of storage you can you know you can keep days and days if not weeks worth of recordings and there might be something that you've seen today in the session that you've traded whether you traded it well or badly that reminds you of something that you saw when you were using bookmap two weeks ago or two and a half weeks ago and the ability to on the weekend or after hours fire up a replay feed of what you think you saw then and compare it now can only help your notes and preparation for the next time that you see such action again the past cannot predict the future um and um all you can do is prepare for whatever possibility might entail i've just remembered bruce that we need to quickly just do the bio and the disclaimer so i have to stop right there and just get on to those apologies for this that's right i was gonna i was gonna uh suggest that uh once you started to dig into the price action yeah no i happened i just thought um yeah i just thought just a side topic you know just just something you know like if we're having a breakfast again a radio show we'd always have one topic that was something that a little bit different to talk about and since i'm only on twice a week i'm sure i can dig up a topic every session anyway um let me just get into the um this this is good stuff though moby i mean i'm going through like uh uh the the different specs and um you know memory features here in bookmap uh and performance issues that may come up uh it where to find all these kinds of things in bookmap and how to rectify uh any of these issues is really good yep i'm just trying to put the disclaimer it's going to be a very small font as it always says when i first open it okay all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results um i won't i won't dig out my bio yet again but just to remind people i've had a breadth of experience in different jobs in different industries and i have been trading futures for about 10 years and i have looked at just about every software platform to trade futures or to analyze futures that exists uh and i've looked at just about every form of technical analysis that exists um i i do use bookmap and i have used it um nigh on continuously for nine years so it is something that i personally do value in my trading anyway um where were we let us go back to the topic okay we were looking at the the software um the the software settings that you can do in bookmap to enhance um the performance um obviously the one thing that i did not mention which is to run the latest iteration 7.4 of bookmap is substantially quicker in my personal opinion um than previous iterations i i remember bugs back in five and six and four but 7.4 has been absolutely rock solid for me and i um i would only use this one and i would not be using previous iterations uh i sometimes um go on the latest alphas um but at the moment i believe i'm using um the latest beta of bookmap 7.4 and as you can see on the screen i have selected gpu acceleration i've got a moderately good graphics card is not top of the range but it's moderately good i've selected disable direct 3d experimental multi-threading experimental serialization this one it's probably not the wisest thing to select unless you do have a good graphics card um if you're unsure about it feel free to tick it and then you can if you have stability issues then you can always reboot bookmap and untick it but um again for me on 7.4 that's been stable and historical data aggregation i find that that's good for me because i get less pop-up saying that bookmap has had a minor error here or there or that it is struggling with the amount of mbo data that is going through the nasaq or es futures so all of those okay um we've gone through that page which is just about my views on hardware and one other feature we were talking in the in the last session about market pulse and the fact that i use it there is one setting that you can tweak in market pulse um we yes here we go um it's in um yeah i can link this at the bottom of the youtube page where i can put a link in the discord channel this is just the knowledge base article on market pulse that's on the bookmap website there's a text file um within the folder for add-ons that has a setting for market pulse um by default it has a refresh rate of 20 milliseconds which uh which you can read just there and by changing one a text value one value in that json file json file with a text editor and any text editors would do notepad notepad plus anything like that you can increase that so that you are you're um you're letting your the rest of your bookmap perform at a slightly better rate in other words this isn't likely to bog it down in any way um i have increased that from 20 to 50 i've seen no deterioration delay or whatever in any market pulse signals that i have used or do use um and it is something that i have done it's a question of whether you want the absolute least delay in a market pulse widget which is 20 milliseconds or you wish to delay it and you can delay it at anything up to 500 milliseconds i.e half a second so that's just something if you think that the market pulse might be uh in any way adversely affecting your bookmap there is one thing you can do and it is on that page which i will link below okay now let's move on to the next item and what time we are already we're at quarter past eight and let me just check questions i don't think i'll have a single question no no questions in discord either okay so because it's been quite a dull session and 10 points in eth and es is in my view dull um i thought this was a perfect opportunity to dig in on a granular uh perspective analysis of what nq did today coming into the London open so i'm talking if i click on to nq and it should still be there no it has fast forwarded that's a bit of a shame anyway well let's dig back i'm talking about from before the DAX open the DAX pre-open is 10 minutes uh the 10 minutes before 2 a.m eastern time currently that's in daylight savings for both america and for europe i'm just going to have to keep dragging until i get there so i'm looking for about 150 a.m on this one and then we are really just going to just look at this on a micro basis 150 okay right okay um and if i dig up the charts and we can just scroll back in time as well on nq just so you can see what happened so if i if you look in the bottom right of the screen you can you can see what nq did coming into 2 2 a.m which is the um the german open and then 3 a.m which is the london open but anyway that's just an um a high level view of a chart whilst we go into what we could have seen in book map and what we potentially could have traded okay so the first thing that's worth doing um you know this is kind of my personal view on prep before some of these opens whether it's the japan china open or the german or the london open one of the things and i said this a few minutes ago that i do is that i zoom out so that means i zoom out vertically and horizontally inside book map to see where the resting liquidity is uh i've i've got a i've got a friend who's also part of the book map team his name's david and he's done a webinar before he loves to call resting liquidity that just sits in the book and is off-size blood and one of the things that i like to do is to determine whether i can see any blood or potential blood before we get to the open so in nasdaq what i'm looking at and i think i mentioned this in my eth webinar way back um is i'm looking at resting liquidity and by resting i mean it has stayed there a long-ish time of 20 and above and preferably well above 20 and above and that's in the the order book and i also tend to ignore bans of liquidity at the zero the 50 and the 100 or the next zero levels i at the hundreds or the 50s levels i take those with a pinch of salt sometimes they do have values sometimes they don't um but they do not stick out and i'm looking for something unusual that sticks out as a flag by one of the bigger players that they want to play there potentially at some stage during this session um but bear in mind when i say this session the eth session is extremely long and the eth session is um 6 p.m new york until 9 30 a.m the next day so we're talking um we're talking many many many hours so where we have resting liquidity it can and quite often does not come into play um until much closer to the next rth open so that you may see something um right about the german open you think ah that's going to to come into play in the next hour and two or three hours and it doesn't it it may well have a great role and it might be something that you could have traded but it might not come into play for five to ten hours later anyway um going back to what we saw coming into a two o'clock uh and zooming in a little bit if i drag up this is the this this level here which is around about 13 sorry um 15 015 um of 30 in the book so that would distract me because you can see you can see basically when it came in it came in about mid-morning in asia um before before we turned into wednesday new york time and it stayed there and it was relatively static it increased a little bit but i mean i think if we in fact if we actually go right back to when it came in let's have a look see what it came in at and that's the that's one of the beauties of this platform that we can find out exactly when that liquidity came in and how stable it's been so we can see at that time which was just after 2345 new york time about 25 came in an order 25 came in um there are also other ways of looking at this heat map so you can you can have a copy of this heat map uh i've forgotten the name of the add-on bruce can correct me trader map pro um i think it's called um and you can see you can filter that down so you could filter that down to orders of 20 or greater so you could just watch that in a copy of this heat map i don't do that and it's partly because um i am very conservative about my cpu usage so i just want book map to run as absolutely smoothly as possible in addition to having things like trading view and cera open and other things that i look at so um i just want to minimize my cpu hit that's why i only have two instruments open in book map anyway that came in it was 25 ish and then we we go forward in time to 145 150 new york time and it stayed in the book so if we zoom right in and we see at that time it has increased to 30 but basically it is implying or hinting that the original sized order of 25 was stable and likely to be blood so so that that's that's one clue we have as to future action and bearing in mind we've got we can see what happened there so this is all hindsight again um and then the the next piece of information which you tend to learn the hardware with with with nasdaq which is if they want to go somewhere i if they want to go down and so look at where they were at that time let's have a look uh yeah if they want if they want to go down so they're coming into into that german open they're around about the um 15060 mark around around all their abouts and they want to go down 30 points what you do learn is that they will play game upon game and they'll go up first more often than not to get the fuel to go down so it's that old expression when they want to go down they go up to go down again it's just one thing that can happen they could of course just have gone straight down but it's just one way of getting your thinking into your head that that could be a game that they're playing okay so let's start zooming in properly on what actually happened just check if there are any questions oh there is a question i was you bruce okay you're just talking about trade map pro and also checking youtube uh-huh there is a question so i'll stop a question from sam last week you touched on using market pulse sub chart as an oscillator um is there something you've back tested um yeah the answer is visually back tested um if you're asking whether i've algorithmically programmatically back tested it um i did not program the oscillator inside bookmap it's the talented bookmap developers that did it they have on the page which um i can link in the discord channel the one i just had up that page there if you you scroll right to the top of that page and you go through each of the descriptions of the widgets of all the market pulse add-ons they have a very detailed description of what the price change algo does so what i did and again this is what anybody could do is i i took the words that were used to describe the calculation and and i used that to program a an oscillator which probably is to all extents and purposes very very similar or identical in sierra and back tested that way again it's never going to be on the micro second or millisecond that you have in bookmap and it was purely as an approximation of back testing but if i answer your question yes i did back test it in that way inside sierra um but just as importantly um since i believe more in forward testing than i do in back testing i have both back and forward tested it inside bookmap uh and um yeah i found um that it is useful it's it's one of those things again um you've got to put the context right so if you're in a if you're trading a range and you're at the extremes of the range you know the market pulse like any oscillator is likely to help you um and if you're in trending or semi-training action you can only use it in one direction which is um pullbacks in the direction pullbacks before proceeding in the direction of the trend because if you use it in the to fade the trend you're just going to get the result that you don't want or most likely you can get the result that you don't want anyway let's go back to the german open okay i like to look at um the vertical axis showing about point seven five or one point between um between the numbers so you know for example here you've you've got fifteen oh five seven seventy five and fifteen oh five eight fifty um the nasdaq nq is a thin instrument so you want to see property three or four times the range of something much thicker like es so with es it's common to about all the streams i've watched that people have it um tick by tick on the vertical axis so here to have it point by point is only four times the zoom out okay um let's just see what happened okay i think i have zoomed back too far in time so i've zoomed back past the german open okay so we talked about um the blood level below it fifteen zero three zero what i didn't talk about because i i hadn't noticed it until we just to hear um until we zoomed in here is that we had some heavy liquidity here at seventy five and eighty all right this is not blood because i mean the seventy five only just came in at that moment you know as price pushed towards it and the level at eighty looks like there was some resting liquidity uh and again it may have been yeah actually that could have been considered as blood since it came in a lot earlier and was in the same order of twenty five when you see um two matching orders above and below um the market it does raise your suspicions again we can never prove this right or wrong that it is one player a large player is that an algo is that a market mayor is that a market maker or is that just a big person with with deep wallets who knows um the the result is the same in your eyes inside book map you can see that liquidity resting so you can see a an order of twenty five plus up at fifteen eight oh and you can see as we get into the german open we have this big push up that that order at at fifteen zero eight zero twenty five did stay in place so you have your notes with you and you say one possibility is that staying and they want to be filled at that level um so you've got two levels now which can be considered blood you've got one here at eighty and you've got one fifty points lower at thirty okay what will tend to happen more often than not in any market is that price will not go in a straight line um the biggest exception to that will be at market opens or after a significant amount of fuel has been trapped and they have the fuel to go straight up in one direction for a very very long way and you do have to be wary in nasdaq if you are willing to trade the beast there in eth you can have runs of a hundred points plus where it hardly pauses to take a breath in that direction and that's where if you have a tight stop you know whether it's four points five points ten points even fifteen points um you're very grateful that you have because the um going minus a hundred points is a very expensive lesson okay right so here we have two o'clock that's the german open so the action as i said earlier tends to happen in the 10 15 minutes beforehand they have a pre-open for the dax futures and that is around about you know 145 am new york time so you can see the increase in volatility there if we're talking market pulse and just and you're looking at that liquidity and targeting there yes you could there in theory have used the market pulse you know you you've got four examples there of some kind of usage but you know you don't you'd have to have some rational in my opinion to go towards the 75 first target and 82nd target other than just pure liquidity that there should be something more in your arsenal than than that okay um when i was talking about my columns last Friday and i just want to reference things that i've spoken about previously so you can see and practice the you know how i use them and that i do practice what i preach so you've got this first band of liquidity you've got the delta over here on the far right column and what you're looking for as i said for fades is where you have enough fuel which is going to be green here of trapped buyers or potentially trapped buyers to take you down so we've got two levels in our heads purely based on liquidity you've got 80 above and 30 down and you've got some fuel coming in you've also got a volatile period being a market open here the German market open and you've also got the rationale that unless it is a very active day and it wasn't on it yes it's unlikely that they're going to go on a big big run straight away they could do but the probability um if the market is dull that they are not going to do that and it's more likely that we're going to have ranging kind of behavior okay so so the first the first thing of the um i i did i did actually take a trade but i did not take a trade here okay in hindsight that would have been the better trade that is a failed breakout into liquidity um and we're um and we are about 15 minutes after that open and we've got some big liquidity below and you've got some trapped buyers here so that would potentially have been a nice short okay again i believe heavily in scaling out so if you if you had taken a short there if you're taking sure i don't think you'd have got in there and as that moves too quickly and the spread at that time of the day is about three to four ticks maybe even five ticks you know the best you could have got in is about there so you'd have taken about uh you don't need a five or six point stop if you're going to hide behind this liquidity and treat that as a failed breakout or an up thrust in wyckoff terminology and that means that we're looking for a scale so you get in around there of six points being one hour on the way down so you'd need to have got your first scale out by about 62 63 64 so when you see the mbo stop run there and by stop run it's a small stop run in fact that one's actually potentially a stop runner of the late players that came up into liquidity you're looking to scale um straight away certainly um when you see that particular stop run and you've achieved your what your one scale you you should not be greedy because absolutely anything can happen and we know that there was liquidity upper 80 that they're likely or wanting to play with um you have a little iceberg here which i tend to disregard in queue if that was an iceberg in es and it had a decent size i'd be looking at it as a target but since this is enqueue since it's got next to nothing by way of filled orders i would not be looking at that i went to zoom in too much because we'll lose the perspective and we'll just keep going um let me just check for more questions i think that sam got his question answered no there's no more questions um so after we have a good move down right the thing this is one of the trades that i was talking about previously um i'm expecting on on nasdaq that there is a good likelihood that we'll get a follow-through in other words we know the second wave or the first low low will will quite often lead to a second lower low um so if we were to talk about market pulse there and we'd seen that big move down we'd seen some size by way of the sellers coming in there you'd be looking at a second short you you've got this liquidity that they're highlighting to you and you'd be trying to trying to get down towards it but again it's all about scales and equal risk not because nothing is low risk in this game and making sure that you could have a scale out of at least one r and and so you could get a runner on um this is i'm good to see here because this is a contrast to the blood that we were talking about so you'll often see this in enqueue which is just market makers flagging liquidity quite often they do not want to get this filled um it it will just come in after the move has started it won't be what i call resting because it has not been here for hours and hours before uh and it is just games being played by market makers to push the price backwards and forwards we've got a few people probably in the in the audience that that do use some form of pulling and stacking tools and that's just one way of seeing the pulling and stacking in a thin market like nasdaq in eth okay um right you can see there that they didn't want that liquidity to be to be filled they put in plenty of size just above they did not want that to be filled and even when it went up to that range it um there was no liquidity there to be filled okay um this is coming up to the London Open here so this is pushed down into the London Open the thing to note here is that we had that 30 resting liquidity below you know where we might be hoping if we had been short here to get a runner there but the other thing that we should bear in mind the um that it is a very volatile period the the 3am London Open is going to be about three or four times more volatile than the German Open um usually and the other thing to note as shown in the delta column here is that as we get in there and we can see it's all red at the bottom here and by all red I mean quite a few levels to from 45 up to 51 so that's six points of potentially trapped sellers so you know with nasdaq um with fuel you want lots and lots and lots of continuous or consecutive layers of potential trap to squeeze to send you in the other direction the other thing to note here as we zoom in I have to zoom right into the London Open is we've got for the for the first time on any run a really really sizable for nasdaq purposes that is um mbo stop um so you know that mbo stop of 30 might have had about a 100 or so trades in the course of it there's there's just the mbo 30 just reversed the the mbo 30 orders in mbo terms that were hit around here but I'm just saying in terms of the overall or overall size of trap sellers you know it could easily be over the 100 mark so we're aware that we've got a bottom there and we cannot tag it again so even though we've got really tempting liquidity below and it has brightened further here in fact it's gone from that 25 that we talked about previously it's more than double to 53 um we cannot get down below this low and we can also see in delta terms that the volume per the delta was 80 which means the absolute volume terms it quite likely there's a hundred and so there is a potential short trap there the trade that I had um I had part of that short there so I didn't get in and until this area so I had just got one scale out um I saw that and I flattened uh I think I flattened not that well around about there but basically I averaged about 0.9 on that trade and I wasn't very happy with myself because I I spotted too late that we were not going to go down any further right um so we've got a trap here we've got fuel you can see the levels there and so they've got the fuel to take us higher what we know from earlier is that that 80 level which seems to no longer be blood in fact has gone in fact it was removed where was it removed I think yeah it got removed right at just after the London Open about 10 minutes two minutes five minutes into the London Open they removed it and they increased the liquidity up above at 92 so they could potentially have moved it from 80 to 92 but anyway we've got a trap they can squeeze some shorts and they can ride this market higher um again we've got some liquidity there which is not resting liquidity that they take through we've got a big move here you can see on the second half of that just the great big green dots and if we just go to there um so this is from the London Open for the first 10 minutes and we've got a direction um with the London Open once they establish a direction they tend and again tend is just a rough probability it's not a verbatim it can happen it can not happen but once they choose a direction and it may be something they choose straight off the bat at 3 am it might be something where they play with people for the first five ten minutes but once they get a direction they normally stick with it until the 330 ai the first 30 minutes of the London Open so it's just one of those things again that you experience when you trade this particular session so you know that once they they have some fuel um they've got real volume going into this it's likely this is not fadeable so when you see the market pulse is there that's not what you should be doing you should not be fading this one because the direction has been set and it could it could go on and you know it could it could go on till 330 it could go on for the next two hours um but we also have from what we looked at earlier resting liquidity there so there's a clue there that still remains in place that whilst we have a big move up there is a potential that they can bring that down later and the fact that e e s is dull means that there could be a great game on for them to make money both by squeezing the shorts and taking it as high as possible and then trapping the late longs and taking it straight back down to that 155030 level so if we just look at what played out they kept right to they kept them the upward push right through the the the 330am you get some more market players and bigger banks coming in around about the 330am and then the game changes so let's have a look it's just having a look to see where an earth a good short could have come into play if you have been looking to try and get a runner on to that 330 so you've got this heavy heavy band of liquidity if we zoom right out and then zoom back in again you've got a great big pop there you've got some fuel there but not a tremendous amount of fuel you've got a very thin little stop run there it's only an eight by three on the mbo scales but if you we zoom in on the way that the book map action is whilst that may not be the biggest clue from an mbo perspective where you get a vertical little run like that in nq right up to liquidity that can be a very very good trigger here you've got market balls kind of helping you there you've got a nice liquidity band of over 20 and it runs what's it the runs about 61 it's a 10 point run up to that again that's not using that's nothing for nq but that is a if you're looking for a short I'm not looking at the chart so we can look at the last little high yeah it's a potential little breakout value that's one of the trades that you're always looking at nq is where it takes out the previous little high by a little bit a look above and fail we call it and then it plunges straight down so that would be the best location if you had been looking for a short trying to play that 030 resting liquidity blood level and you know whether you would have been able to hold it during these little ups and downs I don't know and there was a really really good pull back there who knows and let's see how long it took for that 330 to play out these right the 030 I keep calling it the 330 for no good reason yep 44 and then so if you're looking to play that out and then there eventually gets taken out and it does and you if we zoom right into that that's the end of that particular game so they've set that game up and it's the final end game is essentially at 437 so it's a game that they set up to play at I think we call it 2345 it's quarter to midnight New York time and for yeah nearly five hours later the game has finished its duration so it's quite interesting just watching these games play over and over again because if you can the spot them in book map or you can give yourself the various scenarios in your head and accept that the market will and can do absolutely everything and try and put people off as absolutely much as possible there are some really good clues about where they actually want to play that game too so on in this instance it looks like a 50 point game between 030 and 080 and maybe one of the reasons why they did not need to full liquidity it was 080 was that they had enough buyers trapped on the way up to the 70s to turn it down and go for the 30s anyway that was just a quick look at the potential games and how you could have used market pulse during that London Open and I would say that the NQ was the only game in town on this particular session and the ES was incredibly dull and we would not have touched it during that session let's just look at the time and also look through some questions no no more questions okay Bruce do you have any questions on that okay we're going to switch over to what is currently happening live by the way on Friday's session we should have a completely different breakfast stream because we have the main the main news of the of the week I think we're we're coming up into a holiday weekend but on Friday we do have at 8 30 a.m we've got the US PCE US consumer spending and US core PCE all at 8 30 so during Friday's session I will make sure that we are focused on streaming ES and just watching the ES action into the 8 30 news and seeing both what we can see before that news actually happens and what we see in the 15 minutes afterwards quite often on a trend day there is a statistic out there you know regardless of whether it's true or not it's one of those things that you have to test yourself that if the market gets into a trend it is likely that the low or high for the next few hours is set within 15 minutes of that 8 30 a.m release so it would be interesting to see if that is one of those scenarios on Friday because it'll be within this breakfast streaming session okay yep moby just a quick note so I actually you can continue on no no no go for it yeah I'm happy to take a pause ah okay um the trader map pro product there's some new algos in there that you may want to play around with because you were mentioning earlier that around those big figure numbers or those whole numbers that you discount a lot of that liquidity and you can actually set up your trader map pro to look for unchanged liquidity over time or changed liquidity over time or pulled added or pulled and that might be a good one for you for this London session no no that would be great I mean you know that's again goes in goes hand in hand with the the idea of you know upgrading my my six year old beast yeah I'll be a lot more willing to throw more book map functionality at the the new upgrade yeah I mean just to play around with it I mean and the way that trader map pro works anyway is you need to create a new symbol nonetheless so you might be able to put that on another monitor or be able to see it and try to get some additional insight into the because what you're covering here and where this might be helpful to filter for that data is with the gaming of these levels yeah exactly I mean I mean you I think you have to look at every session with positive optimistic eyes I mean you know we can talk about oh this is going to be a really dull session because yes it's just not moving but there are other games that you know we can have in our logbook that you can then play with NASDAQ in in dull sessions and that's why I spent 30 minutes talking about that particular session you know the the range was still pretty low for NQ and the volume wasn't huge but in some ways you know those games are I don't know about using the word better but they're cleaner to play in NQ and depending on your I mean on your risk approach I mean I've explained my risk approach which is equal dollar risk but we've got we've got some people that take wider stops they're going to get less hurt in a slightly dull cleaner NQ session than they would in in some of those London opens when there's a lot of volume and there's a clear direction to move at 150 points but yeah if you could have Trader Mat Pro and you could do your homework you know with that I mean I take it there's no alert system so you you can't get an alert as you know when you know if there's been a resting liquidity say at that 1503 to 0 level that has now been there for three hours it doesn't tell you that yet does it just just taking a look I don't think you can get an alert set up for it um uh no no maybe something that's added in due course but yeah but it's only you know when you're doing your prep in eth more than rth um some of those resting liquidity levels really really can be helpful um again you know it's personal you you've got to test these things out yourself take everything that I say with a huge pinch of salt but from from what I've seen just knowing where they are can be useful because it opens your mind up to the games that they might be playing okay yeah yeah I mean maybe you want to if you do have a moment maybe next time uh demo the Trader Mat Pro uh to filter for or play around with it I guess first but the it's the the filter that you want to play with is called the orders that have order change filter and yeah then what you can set up in there is orders that were changed or unchanged and then it's by price or size and if it's for you I would play start with the changed and then price or size the the one that we found be more helpful and this is why I'm kind of excited about it because the one that we found more helpful during the regular trading hours is the unchanged by price or size so it's liquidity that is not being pulled uh in fact uh I didn't really have much of a use for the changed one but now it's crystal clear this would be really good for you yeah that would be good you know I'll definitely that you know whether it's this Friday or it's after the upgrade I'm getting my local PC shop to to build it over the next couple of weeks um yeah but yeah yeah I'll I'll definitely include it in a future presentation um yeah there's a there's a gap after this Friday's but um after that I will definitely bring it in but yeah meanwhile let's let's have five minutes looking at the yes and looking at the calendar as well the calendar this morning and going back to this morning not Friday um unlike Friday we have not got a lot going on in the calendar we do have Feds Powell himself but that is at 2 30 a.m. I'm just checking my financial juice feed and it seems a bit late um let me just have a look see if there's anything on at all we've got crude all inventories at 10 30 we oh no it's sorry we do have Powell um at 9 30 a.m. we've got Bailey Lagarde Powell and Euda all speaking so we could get some really good volatility at the open um you know we can see here on ES there's been a that's a nice size on that iceberg there 370 have been taken so far so um yeah that's interesting and if we zoom out that's a very thick band of liquidity so you know um from a skeptical perspective I can't see that they would just go straight through it if it was above and in eth it's a completely different scenario I've seen many asian sessions where you can have various you know almost sequential bands of liquidity in in ES and then he eats through all of them because they're trying to get filled all of them but here you know being just before the open or 30 minutes before the open you'd think on a dull day that we might be able to get some fade and bounce at least for two or three points but we'll see I haven't focused heavily I haven't done any prep so no real comment there it's just interesting to see how thick that liquidity is compared to the liquidity above in fact there's very little liquidity above it's one of those scenarios where I definitely would want to look at trade a map pro and see what had been going on for the last hour or two in ES let me just flip over to the charts for a second and go forward in time to where we are now yes that's yeah really quite clean action isn't it um yeah that's got to be an advert for trading dull sessions you've got a great big move down lovely clean pullback and then another move down that's quite rare um I think I've looked at just about every technical analysis indicator around there and that is used a lot but I would like to point out that it's rare that you get anything as clean as that by way of a chart action I think uh you know that that's one of the most perfect pullbacks I've ever seen not something we tend to get these days um right okay three more minutes let's see if there's any more questions we've got a question on YouTube what do I need to watch the ES mini futures order flow is rhythmic enough um wondering if that question is just your data feed question or um yeah I think I partly answered this last time around um yeah rhythmic is is an excellent data feed if you like looking at mbo type data it's the only it is the only data feed that will show that to you to my knowledge um there are other futures data feeds out there another one offered by bookmap is dx feed another high quality data feed um there are lots of instruments at various times of the day whether it's eth or rth that offer confluence or correlation um bookmap's got quite a lot of stuff on correlations as well um I would not trade with just looking at es and enq in isolation in eth that is just my preference I like to look at lots of things um that may be and again that's a double-sided thing you know you can look at too much um I said the other day I like to look at some things for the level of volatility um you know in other words am I expecting a real action that's worth trading or should I go out for a long run or a bike ride um I'm looking for things that might be driving the market you know is the is the nickeye in a in a trend situation does the dx look like it wants to go somewhere I mean with the dx um there's the old expression does it want to go home um so you know one of the things I'll do on the prep into the London open is look at where the dx is in relation to its home and its home is settlement I either the basically the close from yesterday and see if we're a long way away from there if we're a long way under settlement and we're not getting clear down trending action um I'm thinking one of the games might be that we're going to get a ride all the way back up to that settlement and that may offer some good longs in e s and n q on that way um yeah things like that um looking at the currencies um always looking at dx y is a proxy for how strong the dollar is even though it's pretty much uh heavily weighted towards the euro that the dx y so you know right now we've crossed the 103 threshold we're under 103 but the um the dollar is still relatively strong and today certainly for the last few hours it's been going up um we've had inverse correlation for the majority of this year between the dx y and um the the nasdaq but you know these things can change but it's just one of the things we look at um I built myself a little colored heat map tool in trading view I think it's yeah it's free of charge for anybody that wants to use that that just gives me a colored heat map of of where things like um the other indices are the other currencies are etc um so so I'll look at that uh and see if anything is is having a really really strong move today um you know if I look at it right now I can see that most of the most of the other currencies are down across all timeframes I can see you know naturally gold will be also down across all timeframes um bitcoins you know finally having a down day it's I think it's it's had quite a decent move up recently um none of the other indices Japan or DAX are up are up much sorry no Japan is up 1% I'll take that back China's down 0.1% and the DAX is up a little bit so you know I like to know about what is going on in the markets I think it's too easy to get um narrow vision and you know just um just have tunnel vision and just look at one thing alone it might help I mean you know focus and concentration can certainly help you if you want to take smaller trades in ES and NQ and you know almost use the word scalping again but I don't think that's a dirty word because each and every trade I take is equal dollar risk so a scalp to me is worth the same as a giant 10-point trade in ES um but um yeah yeah you've got you've got to find out what works for you how much information is enough how much is too much right I think I've gone past the breakfast hour so um I probably have to wrap it up Bruce um okay Moby yeah sounds great like uh um yeah and Friday will be a very interesting day for you uh as well I'm looking really forward to seeing like um uh you know you covering the economic events uh and how you look at that uh at the 830 East Coast time because that's such a huge part of yeah you know um one or you know extended trading hour sessions yeah and yeah normally we would we are probably both Wednesday and Friday we'd get something this week it's just a Friday and it's also a holiday weekend with your July the 4th um but yeah um I will not be streaming enqueue during that um I think that goes without saying that it is it's just too thin that um you know if we looked at enqueue flick it now um there if we looked at it just before a market release there'd be next to no orders in there the book would be too thin and the ES itself is is pretty thin I've I'm only one of the things I look at in one of my other platforms is I have a an average liquidity reading of the 10 nearest the book you know it's 10 above and 10 below um price level so um there is a there's a stage you know in my personal view where it gets too thin and I I won't trade it and it's partly because your stop is not your stop in that in that scenario if it's too thin it's going to go way past where you believe your stop was but anyway that should be interesting for for Thursday because the books should get lovely and thin just before the 830 announcement sorry Friday right so I will end the stream okay thanks thanks everybody


Thank you. I'm Lauren McAllister, Digital Resources Curator. And I'm Matt Hart. I'm the webmaster and Digital Fabrication Coordinator. We're from the Milton School of Architecture at Ohio State University. And the school consists of three sections, architecture, landscape architecture, and city and regional planning. We have about 500 students, about 30 faculty members, and seven accredited programs from undergraduate through doctoral levels. Our disciplines are both creative and rigorous in their nature and they focus on issues related to the built and natural environment. So today we'll be describing the architectural studio as a learning environment, giving you hands-on experience by conducting the fastest studio ever. I think we're actually in power point. So each of our three disciplines in varying ways implements the studio model of education. The studio is inherently about openness. This is a photograph of our design studios. Physically it's a very open space where you see everything that goes on. It promotes both formal and informal communication and as well as around the clock access. It is also very reconfigurable and customizable for each individual studio. It's also defined as a group of people. So students, instructors, and critics who are engaged in an open discussion around problems. The studio is initiated by and formulated around problems, but not specifically about solving problems. It's about engaging in a process that produces solutions, designs, plans, or other creative responses. So the studio is also a highly critical environment where reasoning and argument and dialogue between the participants and the instructor play a very important role. Students will often work across disciplinary boundaries and integrate ideas and approaches found from other disciplines. Students engage with instructors and peers in an open dialogue giving students the opportunity to learn as much from peer interaction as from each other and instructor feedback. Students have the opportunity to propose their own solutions to complex problems and this encourages student voice. The studio operates through the integration of knowledge with skills and provides experiential learning opportunities that allow students to try and retry their ideas on paper but also in real spatial terms. And the student is creating a model out of toilet paper. What are the various things you do? So technology in this sort of environment is provided both by the school as well as by the individual students. Within the studio environment you'll find computers, printers, network infrastructure. You'll also find a lot of personal devices. You'll find some advanced personal fabrication tools like crickets and maker bots and things. Many of these technologies are not explicitly instructed in the curriculum. They're picked up either individually by each student or instructed by their peers. These technologies enable students to choose from a variety of responses to any given problem. So at any point they may be working on pencil drawings, computer renderings, building full-scale installations that take up 20 feet of space that we make in videos. And this kind of work with a range of media is woven throughout their experiences in our studio. So as a result of that, one component of the KSA support for studios is what we're calling the KSA community site. This is the first of two Drupal-based websites we're presenting here today. We created this platform. It exists outside of the university's desire to learn based on LMS. And we did so in order to provide open content, support that wide range of media that we were talking about in the last few slides, and to create a level of visibility for individuals and groups within our school. So the community platform, which you can get to at the URL on the top of the screen if you have a device, it can host resources for groups. For studios, like what we're going to try here, these groups are created as nearly empty channels, which are then filled through the course of the term by the participants in that studio. The site follows a blogging model where students and participants are able to add posts and add them into any number of groups to which they belong on the platform. Posts are then searchable, editable, taggable, commentable, according to the student's desires. Each post can also be assigned a level of visibility, so any individual post can be shared only with my classmates in a specific group. It can be shared with anybody who's authenticated at the university, or it can be published out and pushed out to the wider world. And because the posts follow the students, their relationship to that content continues beyond their enrollment in any given course. They take all their content with them, so they can reuse it, they can refer to it even after graduation, kind of persists for as long as we can keep the server up. We've created such a group for this studio, and that's where if you're going to that URL on the top of the screen, that's where they're going to land. So what is the studio process? Studios typically meet three times a week for four hours for each session, and each session provides an opportunity for engagement with instructors and peers. Students also work intensively between sessions in the studio. They stay up all night, they work around the clock. Every instructor will lead his or her studio differently, but typically each uses the following basic process. So there's an initial design prompt or problems set forward. Students engage in precedent research and investigate the site. They begin sketching possible solutions, and after several iterations there's a midterm review. Students then run through several more iterations of their design, extending it to more detailed proposals as they work, and some studios will follow a winnowing model where larger groups of students work on progressively fewer projects. The studio concludes then with a final review with external critics, and it is held in a public forum. After the studio, students compile documentation of their proposals with the best work submitted to the school for use in its archives, and I take care of that. As a way of illustrating this environment and the platforms we've developed to support it, we're going to lead everyone through a brief studio experience. So this is where the participation point will start to begin. Our studio's design prompt for this next few minutes is to design a monument to open education. Usually studios follow a narrative, so our narrative is as follows. After more than a decade of work and advocacy, the open education movement has succeeded in convincing the Department of Education of the importance of openness. The department has decided to therefore fund the construction of a monument to open education. In recognition of the importance of this topic, the secretaries decided to locate this monument near Constitution Pond on the north side of the reflecting pool between the Lincoln Memorial and the Washington Monument. In order to ensure that this monument accurately captures our goals and aspirations for our community, the secretaries commissioned a competition to solicit proposals for this project. So that's what we're going to be doing here for the next 20 minutes. It's coming up with our ideas for what we would do with the monument to open education. One aspect of this is, given the fact that we have a very large pool just north of the reflecting pool, you get to pick where exactly you want to put this. So that's what we're going to be doing. So our challenge is going to be to respond to this incredible opportunity. So once the studio, if we were for real doing this for the next 10 weeks, once the studio has been given the design confidence set up with community, students would then need to do a bit of precedent research. So precedence, as we use it, can be defined fairly broadly. Any inspirational design that will help inform your response to a given problem is not necessarily only monuments. It can be anything you find meaningful. The KSA Digital Library is a resource that I maintain. It is another Drupal site that we launched in 2010 that supports the studio environment and other aspects of our school's curriculum. It was designed to meet the needs of our programs, provide inspiration for students, serve as a repository for student work, and aid in our outreach to professional scholars and students near and far. So there are both public and private collections in our library. For those with computers, you can go to the library at the URL on the top of the screen. That will take you directly to a Monuments and Memorials collection that we've created for your inspiration today. We've brought our approach to open education to the Digital Library by focusing on small bits of reusable content that can help learners in many contexts. We also advocate for the use of Creative Commons licensing whenever possible and open content whenever we can. The assets in the repository have been contributed by students, faculty, staff, professional organizations outside the school, and it consists of images, videos, and documents that describe or provide a learning opportunity for students in the three disciplines in our school. I should interject. The Digital Library currently has about 36,000 individual assets in it, about half of which are open to the public, and we're trying to increase that percentage. So if you're not looking at the site if you don't have a device, here are some images that we've taken out of the Digital Library that we think you might find inspirational as you think what you ought to do with this monument project. In thinking about these and other monuments or meaningful places you've been to, the things we invite you to consider are the experiences you've had with places like these, how did they make you feel, or the structure, how big were they in relationship to your size, were they big, small, what were they made out of, what kind of a place was it that you were located at. So while you're reflecting and thinking about some of what you want to do, let's talk about the site. Usually in a studio, the studio members at the beginning of the term will divide up responsibility for creating an intercommunal site model. Depending on the location they may also visit the site if it's cool or interesting or close. The site model, which is one of our better examples, it communicates the scale, topography, density, and character of the project's location. Building this model is also, frankly, it's an opportunity for students to practice the craft of modeling. And it's a way where they don't know the word but what the design is, they just have to build it and focus on the craft. So while the first few steps of this process are sort of research-based, students in this space will begin testing their own responses to the design prompt. So sketch modeling is what we would like you to do today. It's a quick expression of your ideas. And you have paper and a marker. If you don't, Aaron will provide you with paper and a marker. Please take three to five quick sketches of what your monument to open education might look like. While you're sketching, while you're kind of doodling around, I'd like to talk a little bit about sketching and its role in the process and specifically its relationship to what we've built. Historically, students have filled sketchbooks with these kinds of drawings which we're asking you to do as they explore alternatives and refine their proposals. This is the stack of sketchbooks I did when I went through undergraduate and graduate school. They're great tools. They absolutely have a role in this kind of process. But the problem is at the end, the output is difficult to build on and share because you've got hundreds and hundreds of pages open. So in building the community platform, we try to create a common platform for expression where individuals and groups can share their work more easily. We were particularly inspired in the beginning of this process by a student who started using Flickr to share his work with friends who had already graduated from other schools because he wanted to receive some extra feedback about the projects that he was working on. Our goal was to try to enable more of these exchanges via a kind of common platform that the whole school could use. We decided not to use a third-party platform like Flickr because we wanted the resource that could grow with the school's activity and that we could customize to meet the needs of all of the students in our school. We're called a kind of variety of media that our students are working with. Any kind of third-party platform we didn't think would really give us the flexibility that we needed. Why are we asking for three to five sketches? Because student is about generating ideas and students are taught to generate a lot of them. This slide shows two diagrams used by Microsoft's Bill Buxton in a presentation at IIT in 2008. Key Credits Alistair Hamilton was saying that for any given question a good designer should have five plausible solutions. Having multiple options makes it possible to discuss the merits of each idea without it becoming personal. So it would be difficult to criticize your work without criticizing you if there is only one approach to that problem. So we're going to let you take... Does everyone have three to five sketches? Raise your hand. Who's done? Okay, two seconds. So while you're kind of drawing the thing that we're leading up to is where you would be in the process is called the mid-review. The mid-review is an opportunity. It's about halfway through the term to pause and get feedback on your designs often with external critics. People who may not have a relationship to the university. These reviews are performed not in the studio where it's kind of your space that's kind of private. They're very public. These are at the center hall of our building where everybody walks by to get their coffee shop and see what's going on. This is also an opportunity for everybody in the studio to kind of step back and gauge how they're doing and get ideas about where I am in terms of everybody else and where the instructor can assess the studio as a whole in its progress. So at this point, I'm going to feel like you had barely any time to draw, but it's time for our mid-review. So we're going to ask that you turn to the folks next to you, ideally groups of three or so, and take a minute to share what some of your ideas are. Ideally, we have about one minute for each person to talk, so this is really super tight. I apologize for that. There's never enough time in the studio. But make friends, and the idea is that you should have groups of three. Out of this process, the idea is that you will select one scheme that the group of three of you will work on for the rest of the session. So don't... There's never enough time to do everything we want to do. So at this point, unfortunately, we're going to have to move on from the mid-review process and start talking about the second phase of what we're going to try to do. So by this point, hopefully, you've had a chance to discuss your ideas and maybe pick the idea that you're going to try to work on for the second phase of this. The last, that second phase, is going to be to do... What we're asking you to do is to basically do a drawing of your group's proposal along with a model, using the Play-Doh and Pipe-Peters and anything else you may happen to have with you. So we'll be working across different media groups. So the paper that Erin is handing out is your foundation for your Play-Doh. That's going to be your model surface. And each group should have one model and one sketch. Please put your names somewhere around the drawing so that we know who to credit. And this can be done. Here are some samples from a studio that we did at Ohio State University a few weeks ago. And look, people using Play-Doh and Pipe-Peters... They did it in about this much longer. We did it. And Matt and I did it last night. There's ours. It can be done in half an hour. Okay.


Hi everybody it's Mayor Betsy and I've got my mask on but I'm going to take it down so you can hear me clearer. Thanks for joining us today as we head into this holiday holy weekend. I'm joined today by my friend and the CEO of DFW airport Sean Donahue. Sean welcome. Mayor great to be here thank you very much. Thank you for coming in and Sean has his mask too but he opted to hold it for the time being. We want you to know we want you to wear them when you go out of your house. I went to the drugstore last night and wore mine and a lot of people had their mask on. So Fort Worth as you know owns part of the airport along with the city of Dallas so we're going to talk a little bit about the impact of COVID-19 on the airport because it's a huge economic engine for us about 40 billion. It is. About 40 billion on our local economy and many of you work there or working jobs connected but first I want to do our daily briefing on the numbers and where we stand. Today Tarrant County has 637 positive cases 20 fatalities and 61 recovered cases and Fort Worth has 254 cases eight fatalities and 19 recovered. That's 22 new positive cases just last night alone. My thoughts and prayers go out to those who lost loved ones. This is never easy report to give but you have to know so that you can continue to stay at home and stay safe. So before we do the airport update airport I want to remind you since Monday we've seen 152 new cases in Fort Worth alum but the good news is that slower than some communities and that means our social distancing and stay at home is having an impact. This weekend will be particularly difficult because it is Passover weekend and Easter weekend the whole list of days for our Christians. I really hate not being with my family. I have a brand new grandson that I've only seen two or three times and I would love to have him with me for Easter but we're going to stay home and we're going to ask you to too. It's never easy but it'll make it better for everyone particularly for those you love. So Sean with the update out of the way let's talk a little bit about the airport. It is a 40 billion plus impact. How many people actually work at the airport or have jobs directed to connect it with the airport? Sure well we're fortunate to have 2,000 employees that work for DFW airport and there's approximately 65,000 people that work at various parts of the airport and then there's about a quarter of a million people who have jobs one way or the other associated with DFW airport. That's a lot of people in this region it really is. We had a board meeting today and the board met virtually it was interesting we probably had the board's 12 members now like 12 yeah and then we had probably 60 or 70 people on the phone call. It was a big, well not a Zoom meeting but it was a big conference call essentially and you gave us an update on the impact of COVID-19. Would you share that with our viewers kind of where it's you're thinking about the airport where it's going? Well as many of you know aviation is one of the most impacted industries from COVID-19 and for the most part people have stopped traveling and I would say that is a good thing as we practice everything we can do to contain this virus but to give you an example Mayor at this day last year we would have had about 200,000 customers going through DFW airport and today we'll probably have about 20,000. Wow that's a huge change. It is and you know as you know and you've been really driving this change at DFW airport over the last five years we've been very focused on growing the international presence of the airport and effectively international traffic has stopped and again just as a data point typically we would have 10,000 people arriving on international flights every day. Today we will have about 300. That's phenomenal. That's a huge change. Talk a little bit too about the financial impact because that has a huge bearing on the region as a whole. I know that you have committed to not weigh off employees. Right right and what we're really focused on doing Mayor is we are going to see a significant decline in our revenues and airlines pay us to use the airport and obviously customers when they park or they buy something at the airport they pay us and over the last six months of this year we're going to see approximately 200 million dollars less in revenues to the airport but we're fortunate and again I thank you and the rest of the board. We have one of the strongest balance sheets of any U.S. airport. We will withstand this and at the same time we're trying to support as many of our business partners as possible and we've taken a lot of steps and again the board approved many of those actions this morning to help all of our business partners during this time. And we had a big announcement several months ago about a potential new terminal. You might want to talk a little bit about where you think that might be. Sure about a year ago you joined me on stage and we announced with American Airlines the plan for the sixth terminal at DFW airport terminal F and obviously given the unpredictability and not knowing when traveling we'll come back to previous levels. We believe the prudent step is to pause that work when American Airlines is ready we'll sit back down at the table with them and we'll determine what is the best timing of construction and what is the right size of the terminal. Good and I know you don't have a crystal ball but you went through 9-11 Sean was with Virgin Australia you know you were with United for 9-11. So you've seen it so and you saw a lot of changes and all of us saw a lot of changes that's TSA security. Would you make any predictions that you're going to see or not see changes to airport operations? Well it's a great question and I would say this as someone in aviation for 35 years I never thought I'd see a greater impact than 9-11 and this is a far far larger impact than 9-11 on aviation but I would encourage everyone to focus on what the recovery looks like and there will be a recovery. Travel is a wonderful wonderful thing for connecting people. It's it creates a spirit of community like Fort Worth and it will come back but we don't know when it will come back but we're going to be ready for it and we want DFW airport to be a leader in that. And it will come back we live in a global world and so many of us you have children who don't live here. I have my children are all here I guess we're homebodies but they want to see their families and I loved the line this morning that you just said travel creates a sense of community and it really does. And I you know three of our five kids live up in the northeast and my wife and I are desperate to see them so we can't wait to travel starts again so we can see them. I think everybody will be anxious to see that. You guys need to know though that DFW really is in a very good position. If you had to be involved with an airport this is the one to be involved with. Excellent position we found it years ago by good crew and we've held to those so I'm pleased with where it's going and Sean's an incredible leader. Thank you thank you for everything you're doing. You're welcome thanks for being with us to Sean we appreciate that. So tonight the hard part of this virus is not behind us yet folks but it's not doom and gloom this is a season and a weekend of hope that we should all rally behind we should understand we're going to get through it and we're going to be good things coming out of it. You may not can see it now but you'll cross that bridge and we will see a light at the end of the bridge. So I always close Sean by saying y'all stay safe y'all stay healthy and y'all stay home.


Hello everyone, my name is Galgo by shore and I'm the CTO of mission zero technologies We're a direct air capture company that captures co2 directly from the atmosphere It may not be a surprise to you, but co2 is slowly baking us all to death But we don't think that co2 is necessary the problem. It's how we manage it co2 could be the backbone of our future Economy it could be the solution to our predicament and there's hundreds of gigatons of co2 that can be harnessed from the atmosphere and utilized to make carbon negative products and That's why co2 demand is currently rocketing. It's being Accelerated by new products such as synthetic building materials synthetic fuels and chemicals And by 2050 these products in combined with a carbon dark side that we need to remove could yield a trillion dollar market by 2050, but there's one thing that's getting in the way That's the supply of a green and affordable source of co2 and that's where we come in Our technology is based off the biological reactions that manage co2 in the body. It's the reason why Bread rises why carbonated water tastes tangy It's because co2 reacts with water and forms ions and we've based baked these reactions into our direct air capture technology using off-the-shelf components We've done this because we've taken What already exists we've taken knowledge and concepts that already are known and leveraged them into a technology And this is akin to the philosophy that Nintendo takes in its product design One of the leads architects and Nintendo talks about their philosophy as being lateral thinking with withered technologies Then the Nintendo way of adapting that technology is to not look for the state of the art But but to utilize mature technologies that can be scaled and mass produced cheaply We can't wait 60 years for technologies like lithium batteries PV and LCD screens To come to market. We need to get our technology to market in in this decade and beyond And that's why we don't look for just novel Academic type work, but we actually use what is readily available what is well understood and what is de-risk And that's how we've come to develop our process the first stage of our process borrows from an infrastructure type of technology called cooling towers is a very efficient way of mixing air and liquid together and in our case we captured the co2 from the air and Concentrate it within a liquid The second stage of our process borrows from water purification technologies that extracts that co2 from the liquid Concentrates it and de-gasses it just like a fizzy drink releases co2 this entire process is entirely Electrically driven meaning wherever you have a power source you can capture co2 You just need water and power and then you can develop a process like this It requires no heat it can operate anywhere in the world and when you're plugged into a renewable grid the net Negativity of every ton that you capture is 98 percent and even in a mixed grid that contains some Fossilized sources you can get to net negativities of 90 90 percent as well Our product development is going at quite a pace. We are founded two years ago and an early in 2021 I first proof of concept this technology in the lab with my co-founders Capturing tens of grams of co2 per day since then we've scaled our teams and now catching 100 kilos of co2 per day in our labs and we're using this technology to design pilot plants that can capture tons of co2 per day and up to five tons in our project in Basin Oman, which I'll talk about in a moment and all of this will come to light in the next 18 months to get both Plants up and running We think there's very important synergies for direct air capture as well in the UK About six to ten percent of our wind power is curtailed because there's too much wind for the grid to actually use if we were to integrate into these energy systems and use the excess power because our Technology is dynamic. It can work with the electricity demand that amount of power would equate to eight million tons of co2 every year And so I think direct air captures shouldn't be considered as a technology in itself But a way of integrating with an existing infrastructure to make the lifecycle analysis of both Both processes better Our first project project drive is based in the UK with a commercial partner that takes co2 and waste materials To make building aggregates This was an entirely funded government project We're part way through the design process and the plant will be on the ground by next autumn Taking co2 and feeding it directly into their production process Our second project is based in the deserts of Oman with our partner 4401 This is an Elon Musk fund funded carbon X prize Where we'll be capturing over a thousand tons of co2 per year making carbonated water injecting it under the rocks into Geologic reserves and converting the CO2 to stone into calcium and magnesium carbonates And this project will be entirely renewably driven by solar and biofuels Now the mission zero team three PhD trained co-founders turned entrepreneurs The CEO Nick Chadwick He's got a great experience and great background in project development and tech scaling working in multinational Projects with companies like IBM She'll gosh my other co-founder PhD in chemical engineering and carbon capture He's really been the king of our techno economics while scaling up our technology And we've hired 20 great Employees over the last year. I'm coming from some really exciting companies Our board members include breakthrough energy ventures He was previously ex-arpa Mark Hartney and he's an investor From that venture firm and we have Aisha Iqbal head of ventures from Anglo-American Which is one of the world's largest mining companies And we're also advised by Phil de Luna who if you have not heard of he's sort of a carbon tech entrepreneur scientists and advocate for co2 utilization and Secrestration so with that thank you for your attention. I hope you found that interesting if you want to have a chat later I'll be very pleased to have that


I think it's just a quiet period, we've had a nice summer lull and I think that's going to continue. I mean from my standpoint, gold's gotten crushed the last week or two, but it's within trading ranges still and you're just kind of waiting and it's more sit and wait and see what happens come September I think than anything else. It just seems quiet.


Ladies and gentlemen, it is an honour to be with you today. Financial services are a means to an end. They provide people with the tools needed to respond to economic shocks and build better futures for their families. I am grateful for the tremendous progress we have made. Since 2010, more than 1.2 billion people have gained access to financial services and therefore have a chance to transform their lives. But opportunities are not evenly distributed. In most countries, women are facing more barriers than men. This disparity has been made worse by the COVID-19 pandemic. Time and time again, I see that financial inclusion is insufficient when it is not backed by policies that give women equal economic opportunities. For example, can a woman and a man access the same jobs? Can she own land or sign a contract? Far too often, the answer is no. Globally, women have only three quarters of the legal rights afforded to men. Women in 86 countries cannot legally do the same jobs as men. As a result, we are leaving a full economic potential untapped. The 2022 Women, Business and the Law publication makes this abundantly clear. The barriers to women's development are affecting their productivity and livelihoods. Such restrictions impact nearly 2 billion women worldwide. This inequality is not only unjust. It also makes no business sense. Mackenzie estimates that achieving equal labour force participation would yield an additional $28 trillion to global GDP by 2025. We have many good examples of countries that have taken concrete steps. Women in Gabon now have equal rights to property as husbands. Egypt made it illegal for financial institutions to discriminate based on gender. And Pakistan lifted restrictions on women's ability to work at night. Technology is also presenting some new opportunities that help bridge traditional barriers faced by women. Digital platforms and online marketplaces can help women-owned SMEs grow and reach new markets. But while technology is part of the solution, it is not a panacea. We need to consider the significant digital gender divide. For example, there are still 234 million fewer women accessing mobile internet than men. So affordable digital connectivity, building digital literacy and safeguards such as consumer protection are all necessary to make technology work for women. Looking ahead, I urge policymakers to dive deep into the findings of this rich report. Identify shortcomings, prioritise this agenda and accelerate reforms. We need to address legal biases against women in terms of accessing credit, signing contracts and registering a business. The private sector also has a big role to play. It is important that we bring more women into key supply chains, either as suppliers, employees, consumers or entrepreneurs. This will drive inclusion, innovation and improve profits. It is important that we all commit to monitoring the pace of reforms and their implementation. Congratulations to the World Bank team on this important report. Now is the time to get to work and create a brighter future for women around the globe.


Armed conflict continues to drive millions from their homes every year. Finding ways to prevent and resolve conflict through nonviolent means is an essential part of IOM's work in reducing irregular migration and conflict-induced displacement. Peacebuilding programs work with communities and governments to address the drivers of armed conflict. Often disputes over land and property, access to resources or cultural or political marginalization. These drivers are typically complex and are often rooted in historical grievances. Undertaking a conflict analysis, understanding in detail the distinct local context is essential in developing peacebuilding programs. This analysis is the basis for developing a theory of change, describing a logical pathway and surfacing key assumptions connecting the desired change with the actions required to enact that change. IOM has a broad range of tools to prevent violence, restore and sustain peace. In so doing, they address the contextual factors that drive displacement and outward migration. This includes community-based conflict management, PvE, strengthening community resilience to recruitment into violent extremist groups and DDR, the sustainable reintegration of armed actors into communities. Collectively, these can play a key role in establishing the conditions to resolve conflict-induced displacement. IOM's disarmament, demobilization and reintegration programming supports states to design and implement a realistic reintegration framework. This may include the use of the ICRS system. Our information counseling and referral service system is used to register former fighters and refer them to services such as health, social care, education or training. We also work with communities to prepare them for returning former fighters, helping them re-establish family and social connections and, when appropriate, investing in projects that benefit receiving communities. Conflict management includes a wide range of interventions from mediation training to community violence reduction. Community violence reduction programs are similar to community stabilization interventions but specifically focus on working at a community level to reduce violence. In addressing the drivers of violence, CVR programs may involve conflict mediation, rebalancing resource disparities, establishing positive livelihood alternatives or building community infrastructure. Participatory processes are central to CVR programs as they empower communities, build social cohesion and address locally defined needs. In areas where non-state armed groups or violent extremist groups are operating or recruiting, IOM supports programs that address the structural and individual factors that drive people to join such groups. These factors are multifaceted and specific to local contexts. Influential individuals may help the recruitment process by glamorizing violent extremism. Those who feel marginalized are particularly susceptible to their messaging and systemic poverty provides an economic incentive for individuals to pursue violent extremism. Armed groups feed on discontent and will exploit any gaps in governance or policing. IOM's peacebuilding programs work in concert with stabilization, disaster risk reduction and development goals to reduce drivers of irregular migration and forced displacement.