running just waiting for youtube to appear youtube should appear about now yep youtube is up and running mic test one two three three two one i think that's all fine okay welcome to another sorry microphone too close um another live one hour session um on eth or breakfast trading um my name is Moby and i'll just run you through some disc uh some disclaimers and then just get to me general disclosure all bookmap limited materials information and uh and presentations are for educational purposes only and should not be considered specific investment nor advice trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors past performance is not indicative of a future results okay i think we're just on auto slides for that one so i will just let that run um just a very brief recap about me i have traded for quite a while i trade in a discretionary and an algorithmic fashion from a discretionary perspective i mainly use ycov which does include supply and demand but i also use volume profile algorithmically i have a bunch of algos indicators etc um i have a bunch of free ones uh on trading view which anybody is free to check out whenever you want okay let me get rid of the that and let us bring up the live es session okay um that's going to be there i'm i'm trailing some technology today so bear with me during this hour whilst i try it so i've got i've got a little app here to switch between tabs during my presentation um i've also got a drawing tablet so this should be fun when i actually draw on bookmap with a pen um but anyway i'm not the best artist but i thought it would be a better representation of the action inside bookmap and in my presentation then just through a mouse a mouse is ridiculously hard to write words for example anyway um yeah that's the es as it is you've got this strange little iceberg that they're pushing up or helping to lure action towards the high liquidity above anyway anyway we're not going to focus on live pricing action just for a little while we're going to go through a presentation instead and this one i have named planning for et uh planning for eth trading um what i'd like to do is to talk about the process of putting yourself into a position that you are ready to take trades to do the absolute best that you can by having a process that is designed to maximize your performance um i will rather performance of the setups that you've designated as having a real probability of a return over r okay so if i go through um the elements i posted this in the discord uh a few hours ago but we're going to go through each of these bullet points we don't necessarily have to go through the whole session today uh the whole of each of these bullet points today but we can continue another time okay um i will stop there for a second and just mention that i can see comments in youtube and discord and i believe everything is is working correctly tonight so feel free to um feel free hold on one second i do think there we go um let me just check that that is showing correctly i just didn't think the whole screen was in the frame anyway i think that is now definitely in frame um so if anybody has any comments please feel free to post them and i will pause and answer them and good morning tom i'm actually going to mention a couple of blunt thoughts i have on profile which will very uh uh distance myself from some of yours but anyway um uh i'll let you listen to the middle in due course anyway here we go first of all sound mind and body this is the first step and um like anybody would tell you if you're not in the right frame of mind whether it's mind or body you should not be trading okay my first go at drawing let's see if this works come on yep right so let us just draw somebody here this is probably the worst drawing you ever seen so in terms of mind we have a little bubble with a few waves in and in terms of body we have some shoes with terrible laces okay what do i mean by the right physical and mental shape to trade um i have looked at a lot of this i mean i think there's an awful lot on the internet and lots of courses about how this can impact your edge i believe it has some impact on your edge i don't believe it's a total determining factor but you but you should take care of yourself so that you can maximize your own performance um by the mental state i'm talking about meditation breathing exercises whatever it takes to get you calm in the head so whatever it takes to be calm like that physical for me personally um i get um i get my mental piece from the physical side of things so um i'm i'm a former triathlete so i still run cycle and swim so if i go for a cycle ride or i go for a run apart from tiring me out which it has done a little bit today it puts me into a pretty good shape so that it removes excess aggression shall i say and is more likely to make me calm anyway let's ditch that um drawing for a second okay then the next step let me see okay ready that drawing panel is annoying me a little bit okay your trading plan um this is something that tom said i do recommend you go and read some of the stuff that is pinned in his discord room trading tom b um you need a trading plan if you don't have a trading plan stop go and write one i found because i've done lots of iterations of trading plans the best way to write a trading plan is to go through granular form this this app here is is a note-taking app it's called obsidian but i'm very happy in a future presentation to go through the whole concept of journaling but the reason i mention it is because this is in a zettelkasten format or basically granular bits and bobs and one way i'd recommend of doing your trading plan is doing it in granular jigsaw pieces and then putting them all together later in other words if you have a mental block about doing a massive trading plan despite having various formats templates etc do it in pieces do it in sections if today um you are able to write about the process for a setup write that if you're able to write the process for triggers tomorrow write that if you're able to write the process another day for the reasons why you're doing this um your risk processes your capital your emergency etc do all of those on different days if the whole thing is a mental block to you anyway that is another topic and i'm happy to get into it but that's just to state the the bleeding obvious that a trading plan is absolutely essential so the trading plan should cover your process and should definitely cover your setups and one that we've mentioned in the last few webinars which is the test of the supply and demand zone i'm just going to draw it again here just for the hell of it just to practice drawing for you okay so oops i have to draw a little bit more slowly it seems okay here you've got a supply zone price then goes down then price comes back up a test of a supply zone can be a test right to here it can be a test right to here it can be a test where it it fails to break out it just goes above it and it comes right back down so you can have a b i think it's c yeah i think it's because i was using one of my fingers on the touchpad affecting the drawing so apologies for that okay so um in other words what i'm trying to say is that um the test of a supply and demand zone is in some eyes three completely separate setups i grip them all together because i cannot tell in advance where they're likely to reverse if they are likely to reverse it could be at a it could be at b it could be at c and it does not matter and one of the reasons why this is a book map webinar is because i use book map to increase the probability that we'll find out whether it's likely to be a b or c anyway let me get rid of that drawing another terrible drawing okay all right um okay the very next thing is to review yesterday's action especially the afternoon and um here i'm actually not going to draw or i will um draw a little bit um on the profile so what i mean by that if we take yesterday's eth action and again i'm just checking to make sure there's no more comments here we have um yesterday's rth just in white here and i can always color them so you i can i mentioned previously all the gray ones are eth and all the white ones are rth i trade more in eth than i do in rth so the gray ones are important to me so i'll often have all of those visible just to remind me what crazy stuff can happen in eth uh and one thing i would like to mention uh one thing i'd like to mention is that in eth especially or probably just as much as in rth um um what they will do is absolutely test your resolve they will play games with you they'll push it much further than you can possibly think um and and that's why being able to look back on some crazy previous eth sessions can be useful okay and we're going to go through what happened at the london open a little bit later so um you know we can look at how far they can stretch things before they go on the path that you might have expected them to okay so if we then um pop this out so we can we can see what happened sorry i should actually just reset that i meant to do it for rth okay i'll just answer a question from tom um tom what graphics application i'm using okay this is epic pen pro i bought it when it first came out so it cost me 12 us dollars i think they have now moved on to this whole concept of software as a service in other words a monthly sub which i don't really like um so that's epic pen pro epic pen pro and i am using a drawing pad or digital tablet in this presentation to draw terrible stick images and that is an u g s one zero six zero basically a 10 inch drawing pad um which comes with its own pen um that's simply so i can i can write words as well as draw on um book map okay um anyway let us look at the et the rth action here the bars here are the 30 minute bars you can see that the action yesterday was a was a v-shaped reversal or a total reversal um and if i go right down into the bars and i squint i can see roughly when they um when the 11 o'clock 11 30 reversal was and it was basically one time framing which is in other words straight up after that okay um and if we did drag back the three minute bars and we could see exactly the same thing so if you look at the top right of the screen you can see that the reversal was right on 11 o'clock 11 am and we had a total reversal we also had some good economic news about the uh trade deficit not being as bad as previously thought so um so the the point to note um from our review of the rth session was that it ended on the strong note there was good economic news and um let me just remove that if we look at the type of profile this is where we will draw again okay so if we look at the type of profile here i've got to make sure my other fingers do not touch the drawing pad otherwise it does not work okay um and we move over to here we get the same kind of top let me see if i can just drag one out from earlier let me see if i can i just want to contrast how these things can end i could have to get rid of that uh because we've moved that let me and let me get rid of the evening profiles okay right now i just want to contrast the way that the last two rths and i'm just going to draw again so in the review of the eth sorry in the in the review of the um come on there we go um that one and this one i will reduce the um thickness of that thing because it's too thick get that down to there okay they are essentially fat or poor highs and if you can if you can trust that with let's make this one blue if you can't trust that with this one that is a little bit of the opposite so um when i'm talking about poor i'm talking about large a large amount of trades towards the top and a more balanced or extreme thinner ending on that one over there okay so the point of this review is you want to see whether the the previous day the rth session had that kind of fat um profile extreme and the logic behind that is that if it did and you have some bullish action going into it there is an increased probability that it will take out the the high of the day during the eth session um and if we go back onto that and we have a look get rid of those um so you have this fat one just here and this fat one just here um i know the perfect examples and again please ignore any perfect examples that i ever give um but they just happen to be they did happen to be taken out the next day um this one the probabilities increased because you have um some very bullish news and a v-shaped reversal which often continues into the asian session after that rth session so um anyway that is one thing that we do okay let's go back to the presentation okay the last major swing high and low we can do that actually in um if we scrunch this up and drag this around so what do i mean by that i mean the last major low and the last major high of the afternoon session um every time i use the mouse where we lose what i'm drawing but um what i tend to do is look at the afternoon session so i will look at something from around about here to there but because you've got quite a large range uh and because we finished quite close to that um to that high i'd be more interested in the high certainly for the asian session um after the asian session you probably have a another perspective on it um because you'd be able to take into account the action during the asian session okay i'm just going to stop and just see if there's any questions no absolutely no questions today okay all right um so yeah so so one of the things that you do is mark where the relevant highs and lows are so those two levels there would have been of interest to me and then the next thing that you do and i i actually have enough data in bookmap today and i made sure i did was that you then scroll back and you get into that afternoon session let me just drag all the way back here then one of the other things that you would do is look at what action happened at that high by way of what large trades and we're talking about really really large trades happened around about there so you've got a trade of about 533 we can zoom right in and break it down to smaller trades but essentially there are a couple of trades a 286 and a 250 so basically over 500 traded at that level there which was about 4521.5 and and the reason why we look at that is because they love to retest they love to retest where large trades happen and because we're talking about one of our setups being the retest of supply and demand that that has a lot of relevance to what we do okay let's just go back to the presentation okay so we've looked at the price action we've seen it's bullish we've seen that we have a poor high that's likely to be taken out we've we've marked on yesterday's high and low and we also look at the settlement we've got a proxy for settlement here which is this purple line at about 451850 and the reason that I mentioned and I mentioned that in the previous webinars is that they love to come and tag home this is considered the home level because that's where the RTH session finished so again the it doesn't happen every day it can not happen for several days in a row but one thing that they do like to do is to come back and tag home okay so yeah so we've looked at the afternoon session we've looked at the price action we've looked at the profile we've noted where the last swing highs and lows are we've noted where yesterday's high and lower and we noted where settlement is and we've looked through the profile and we've looked through the large trade so yeah we've done quite a bit on that and then the next thing we do is look through the economic release and earnings so we're doing a recap of yesterday's RTH and one of the things that I do find useful just in terms of brief snippets of information are some of the the recaps of the major news from from the session so you know one of the services I used is is financial juice which you've seen before on this webinar I'm also subscribed to various free newsletters you know services like substack are quite useful if you don't want your inbox being absolutely clogged but the idea there is you scan through just to see what the overall sentiment of the economic news and the news affecting the largest companies was during the RTH session and anything that came up towards the end of that afternoon or like last week we had big earnings releases of the big techs after the close things like that so all of that type of information is absolutely key knowledge to have in the in the ETH session okay then obviously you look at the economic releases earnings for ETH and RTH for Asia obviously it's Japan and China so you're looking at things like the the Chinese manufacturing the PMIs Japan interest rates anything like that anything major that's marked as read by your economics news provider forex factory is a free one that we have a screenshot of let me dig it out okay um yeah for example you can see the color coding of the forex factory I think most of the traders that listen to this podcast because I tend to go into quite a bit of detail would already know about this but basically we're looking at the economic releases that are marked read by the news provider so the the ones that are going to have a major or significant impact on volatility during the ETH session okay um and also what's you know what's obviously on the horizon for the the next RTH session and the breakfast and economic releases I mean with this one we were lucky enough to be around for non-farm payrolls on Friday um a lot of the times the the biggest U.S. economic releases are at 8 30 eastern or 9 30 sorry 7 30 central so they will happen in this breakfast webinar session that is still an ETH trading session for me the ETH trading session really does encompass from 6 o'clock eastern right through to 9 30 a.m the next morning so all of that is encompassed and you know that 8 30 economic release can be sometimes the only action that can be worth trading on a really really dull day okay let me just close up some of these so we can move back move down a bit I'm just going to see if there's any questions no no questions at all just checking to make sure we have some people on board yeah we do we do have some people okay um right so we have done that and we have done that relative volume okay I mentioned the sheep index previously and you know go through it a little bit more slowly or I'll speak more slowly on that um so the whole concept there is of relative volume over the last X days at the moment I'm looking at the last 10 trading days and I'm just about to draw again so I haven't drawn for a few minutes and I'm practicing okay right okay so the the sheep index I mean if we take the the volume in ES over the entire session but as on a cumulative basis so um if the session starts at 1800 or 6 p.m. Eastern let's just draw a line like that and then the volume might be like that for every hour etc and so the relative volume the cumulative volume goes up like that what we are doing is seeing whether the volume is comparable to the average volume over the last 10 days sorry the reason why I drew that is because it can go up and down all right and I also wanted to explain why this was lagging I calculate mine on a one or three minute basis so it's adding up the volume traded in ES over the last one or three minutes and then added up for every one or three minute period from 1800 onwards right till the end of the RTH session at 4.430 Eastern the idea is that at 1800 this is always going to be zero and so you might well get massive volume here but you are well under say the average was there you might be well under the average at that moment in time and then you get a big spike in volume and suddenly you're above the average so it's just something to bear in mind that if you look at relative volume it is lagging and it is never going to lead the volatility but it does have value and another terrible drawing let me just get rid of it the reason why it has has value is if you if early on in a session you get to 150 percent it's going to be a percentile the way I calculate it so 100 percent is going to be it'll match the average relative volume at that time of the day on a cumulative basis vis-a-vis the last 10 days or 15 days whatever you want to measure against and I will actually just show you what it is right now so if I put that there right the relative volume right this second is 67 percent okay right if that for if that percentage was you know after a big earnings release like the apple release last week it was somewhere around about 200 percent straight off the bat just after the asian open you know you're going to get a lot of volatility you can turn on that part of your trading plan that allows for smaller setups or smaller trades you know like scalps or semi-scalps or micro swings because you're going to get more of those if that's what you wanted to trade if that relative volume there was around about 35 40 percent then it's dull you're not going to get much volatility or you're not likely to get much volatility and certainly would not be worth in my opinion to do any scalping again I do I do trade from swings to micro swings to tiny scalps as well anybody that trades NQ will know that you can often have a trade that will either take you out or take you straight to the main target within a few seconds so you know when we're talking about scalping for NQ it's a little bit like swing trading for a yes okay but but if it's in the in the region of well over 100 percent you know you've got good volatility and that you may well have trading setups that appear that are worth taking an arse worth of risk on okay I'm just going to stop and just check for questions no no no more questions all right okay um just pull up an image here for a second yep okay I'm just checking on the youtube screen that that appears okay correlated markets okay um we discussed earlier the likelihood for bullish action in the asian session here it's appeared on the youtube now okay um yeah as I've mentioned previously I do look at the indices you know the asian indices during Asia European indices during Europe as the best form of correlation when I say I look at correlated markets I am not expecting it and I do not believe that they will necessarily lead NASDAQ or ES but if I step back and have a look at them they often give me an idea as to whether those markets are in value or are exploring value are you trending um and the reason why I put up this picture of of gold and um the US dollar DXY is uh we had we had um look at that picture yep that that one is not necessarily yep it is okay um you've got you've got gold shooting upwards and you've got the USD shooting downwards okay um over the last year or so we've had a high inverse correlation between the value of the US dollar and the NASDAQ for example uh and the US dollar is inversely correlated to gold well it has been for years and years and years so currently that correlation still holds so if you have that kind of action there where it's clearly trending down and I'll put clearly inverted commas but clearly in my eyes um suggesting that the US dollar is going down that adds weight to your bullish views on ES so that's the reason why I might have those um on my screens somewhere on my screens again not in a prominent area but somewhere on my screens during the Asian session uh and the US dollar probably throughout the day but gold I'm not a great or sorry I'm not a big gold trader I did used to used to trade it because it is active in the Asian session but I don't trade it as much anymore okay let me get rid of that image okay all right um and with the indices um I think I previously showed you um I will point this out as well I showed you that I'm using a free indicator um the Chris Moody high low open close it's completely free of the version that I'm using and I'm just using that as a proxy on the indices in trading view whether it's ESNQ or DAX NICI whatever to show yesterday's high low and close that's the only reason why it is there so if again I'm in the top right of the screen here if I zoom out you can see yesterday's high there yesterday's low there and yesterday's close i.e. the proxy for settlement there and I have that on all my indices and the reason why is that as I mentioned previously the ES and the NQ might like to tag home during the course of the ETH session and the same logically applies to the other indices which would have closed at a different time of the day from the ES and NQ um the DAX for example will close at around about 11.30 I think it is in summertime um so yeah it's something that I will have on my screens as the German markets open just to know where it's settlement and it's high and it's low is and where we are in relation to yesterday's range and as I mentioned previously yeah yeah sort of what do other uh you know what were the other big tech companies doing we're in a quasi AI bubble and I mentioned that in the first one of these webinars I did with Bruce a couple of weeks ago so whatever the main five do the rest of the market tends to look at very closely or follow very closely so I will look at any major price action in the apples amazons microsoft and videos of the world okay all right okay we will get back on to live price action and reviewing uh ETH action in a second again I'm just going to pause just to see if there's any questions no no okay um times of the day again this is something I've mentioned it's just worth mentioning again here when we're doing a recap of the planning you should do your own research and statistical analysis of the times of day that the ETH session has historically been volatile and is likely to do so again in the future again past volatility is known is no guarantee of future volatility at that time of day but but again logically speaking if you have a lot of volatility at the London Open that is one of the times of day that you might expect really good volatile action okay um so you know the times that I've mentioned previously the opening times for each of the indices markets and also the close of the Asian markets so yeah those kind of times but again do your own research find the times see if they fit in with the times that you are available to trade yourself statics uh statistics with a with a typo so let's get rid of the typo okay yeah um I am a big user and researcher I think it goes hand in hand with algorithmic trading um statistics to me are where you can find potential sources of future edge but in terms of your plan one of the statistics that I always look at every day is the sub-session range statistics um just to know what um you know what we could be up for um and again this is this is partly to cure bad habits and we all get into bad habits when we trade it'll partly be an emotional thing unless you're completely as cold as stone that you will need to sort out for yourself okay and one of the ways that I find that sub-session statistic by that I mean the average session range for each of ES and NQ for particular time slots or time ranges during the ETH session so the Asian time slot the the european breakfast just to see what the average ranges are again I have those on my screen so I know I can I I can know immediately that if I look at the ES range right now the ES ETH range today is 21 points oh is it 21 points 21 points yes sorry 21 points and that the average over the last 10 trading sessions has been 29 points so it's just something to know it's especially useful I find at the beginning of that sub-session so you know again for example the NASDAQ european average at the moment is 104 points so if you were to say for example to fade an opening move higher and we're going to go and look at this now in bookmap and you did not put a stop on or you placed a very wide stop you should know that that 104 point range could be right from the open and it could be right upwards so you could you know if you faded it and the range has only been 10 points so far you could certainly find yourself on average 90 points down which could break your account so again that's just something to have a look at and and with that in mind let's go and have a quick look at how the NASDAQ opened the the London session yeah this yeah this is directly relating to those range statistics so if we go back to the 3 a.m let's go zoom out again almost there okay and if I wind this back here okay so we're talking let me just get the pin out again and draw on this so we're talking about this open here which was a vertical open where it went straight up and this action in bookmap where it went straight up okay if you've got some range statistics that it could be over 100 points on average and you've got relative volume for the day although 100% it wasn't in this case as I mentioned earlier than about 60% and you decide to so you you look at this action here and you decide you want to fade it whether it's there or just a little bit later there for whatever reason you know these aren't real setups so this is just me hypothesizing you are in potential danger of being 90 points down or 100 points down if you do not place a stop and a stop as I said previously what I believe in is having equal dollar value risk for each and every trade that you take so for example if you were trading 200 or 250 dollars per trade if you had a stop you're 200 or you're $250 down if you do not have a stop that action can go against you a very very long way at that london open and it's just something to bear in mind that they will play games and they will try and break people for whatever reason or for no reason at all during the volatile periods of eth and the fact that it is it is thinner i.e. the liquidity is much less than an rth enables them or helps them do just that let me just remove that okay and where were we we were back on this presentation okay right yeah now we are really really into the book maps things I just wanted to go through that just to keep everybody abreast that trading an eth is not just taking taking trades just off off the bat as I'd say there is still a lot of preparation and a lot of research that goes into and it is something which involves just as much process as your prep for the rth okay all right let us again we're going to zoom right back so the final thing which is a very much a book map specific thing is looking where the liquidity is and the resting liquidity especially I mentioned that we tend to discount these round numbers at 50s and the hundreds but I mean even though this is really really zoomed out you can see from an early on in the session perspective that the liquidity in ES was above and you know if we actually zoom right into that it becomes a lot more apparent you know so if you're looking at it again that's you presume in a little bit more that kind of action yeah say for example at 10 p.m. new york time or even earlier as we opened up into the the japan open which is really around about that period and later the china open all that liquidity was above so yeah my perspective on this is that if the liquidity is clearly one-sided and it also directly corresponds with the kind of action that you're expecting in other words bullish for the reasons that we discussed earlier and you have liquidity above and you're you know quite away from it that is going to add to the confluence for long potential setups to get you towards that liquidity in other words it's going to act as a magnet okay and I always look at ES and NQ liquidity together so on my screens these are in separate windows they're not in in tabs so I can see them side by side and also sometimes the liquidity will be clearer in NQ sometimes it'd be clearer in ES sometimes it's unclear in both and sometimes it's clear in both and if we have a look yeah at the open it was much clearer in ES so even if we zoom out a little bit and look at the action you had that resting liquidity up here at about 15 363 that got taken out quite early in the Japanese open session but you also have this liquidity below and it turned out that was not relevant for that Asian session you know it was just a game that they were playing but they were trying to actually draw people upwards it was much cleaner and much clearer to see that from the ES that we just looked at okay so that's 45 minutes again not a question ah there we go there is a question Hayden um no I don't know I don't know Hayden um no if you're in WA yeah feel free you know get in touch and you know we can always have a chat or coffee or whatever um yeah uh the answer is no I don't know whether there is such a community all right let's get back on some live action and so we can have some live analysis because this is what I always try and do during the one hour I know that I took up three quarters of the hour today um on planning and preparation but it is so important in my personal opinion to do that um anyway let's have a quick look at what has happened okay so first of all we will just zoom out for ES this is the art the ETH session so we had that bullish perspective we blasted higher at the the London Open had a pullback to VWAP VWAP is the black line there then we took out the um the London Open High um had various um failed breakouts or an attempt at a failed breakout three separate little spikes higher and then we moved back down through VWAP and went back in value so this dark gray area I've mentioned previously is one one standard deviation from value and it's just a proxy or an approximation of value but we're we're within value and if we had a look at um just get rid of the where are we here um we are just above yesterday's high but we're in value for this session and value roughly speaking is that area there okay so we're in really nothing landed at the moment so we'll have a quick zoom out we can see some clear bands of liquidity above which may attract us later um there is um yeah we had a look at the economic release and we're well past 2030 and there's been no major volatility in this session so the moment um the clearest thing we're seeing from the um from the overview of the heat map is the liquidity above in ES and if we switch across to NQ just zoom backwards a little bit just to see if anything has been resting at any interesting level you've got this level here at 15 360 which has been around for a long time but they've added subtracted so when the when it's not static or when it's not even relatively static um I discount it I don't pay as much attention to it as if that had been solid if for example there has been completely solid all the way through say from the japan open or from mid morning japan time which is you know about 10 30 11 their time um and it stayed or stayed that completely static all the way through then you'd have it as some kind of potential tag area during rth or the end of eth I mean since we are approaching the end of eth now um again it does not predict in any way what may happen first in other words the market may go up 200 points first but it's just a potential tag area that you keep in the back of your mind it does not take you I mean for example you have this this strong liquidity below that you believe is a magnet it should not stop you taking good longs that are in accordance with the setups that are in your trading plan but if you happen to get into a short later and you happen to have a scale out plan and you could keep a runner that is one potential target that that liquidity can then be okay one of the other things that we tend to look at on these little micro swings are unfinished auctions below and above it's a small one in let's just drag this down in nq you can see that there are sellers and buyers at that level but it's such a small amount of volume that we tend to disregard that and on es how are we going now you on this little scene here there's no unfinished auctions we're just trading in value between two liquidity zones and inside the the day's value um we are above settlement which has not been tagged and we're not not that far from it I'm just having a look I've got a level here um something again that I mentioned in my planning process this isn't you know this is now an old level but it's worth mentioning just in terms of how you plan for things um I I mentioned about 30 minutes ago whenever it was about that large trade it was actually about 500 in Sierra that to me was a 435 trade so I marked it in Sierra and it automatically appears in this custom notes gone I basically wrote a little um uh wrote a little script inside Sierra so that it magically appears here um within the next 60 seconds uh just something that I find useful um just so that you know if you are not trading directly in bookmap or using bookmap for analysis um then you know the the platform that you are trading in to have some direct interface with bookmap is useful and for me I find that the bookmap API and also this cloud notes feature is is really good so it's so it was relatively simple to write that script okay just looking at the largest levels on it there's nothing huge here so there's nothing that really really stands out so you you have this level which has stayed at a decent amount all day but in oldiest terms that's peanuts you know even if that is actually 179 it is 179 that is nothing to the levels um that um that we used to have for liquidity at individual price points there's one thing I actually had in my presentation for planning uh that um I didn't properly cover so I just mention it now and again it is really really important for eth which is a measure an objective measure of the current volatility in liquidity so I just mentioned for example you know what I thought of that 179 down there or whether it's gone down to 183 it appears now um I think it is worth having tools whether you buy them yourself or you develop them yourself that you can measure the volatility in the market and also the liquidity the liquidity will not be lagging but the volatility by its nature will be lagging because volatility will be measured over a past period of time but just to know um you know if if you're if you're measuring volatility on a very very small time frame um to be able to see it really really pick up um so yeah something again that I you know I can read off the the um I can read straight off my my chart so I can tell you that the average liquidity um by the objective reference that I have for ES is 78 and for NQ is 7.8 so it's like 10 fold difference and the volatility in NQ is 20.5 and the current volatility in ES is 4.8 and that's in terms of um ticks over a very very short period of time it's just something that can be useful so that if it if it's something that you observe from time to time and again you can have checklists of things that you check every hour or half hour or you or maybe it's just ingrained into your subconscious um it's just something that you can see that volatility is picked picked up or not and that can also play out directly in your trading setups and your risk setups so um you know one of the things that maybe we should get into in a future session is how you set your stops um for um for the setups that you take you know whether whether you have fixed stops whether you have volatility based stops and again um my personal preference is to make sure that the risk that I take is equal dollar value every single time um but yeah but if you have an objective measure of volatility it is a factor or a formula or a calculation that can be used in determining a volatility based stop um one of the reasons why I mention a volatility based stop is because it it reconciles or it it equates to our vision that we cannot predict the future in other words if you in the in the eth session for es you always have a two point stop or because that's what you've been good at or that's how your setup is for eth that is ignoring the current volatility that might be in place and that is just relying on um your belief rather than a total objective view or or maybe anyway nothing that that anybody else says again is can be concrete and trading but it's just an opinion um uh you know there are there are things in book map that can um give us potential very very very tight stops that were clearly wrong behind you know for example um you know if we were positioning a stop behind this heavy ban of liquidity that might be a liquidity based stop but you can also have volatility based stops um and I do believe that if you occasionally you don't have to use them all the time but if you do occasionally switch over to volatility based stops you are accepting that you cannot predict the um the future and just because you think it's definitely going to hit this stop here wherever here was um whenever you say that in out loud to yourself you are telling yourself you can predict the future which goes against every rule of successful trading in my opinion we cannot predict the future and every single trade that we take has to be necessarily a 50 50 proposition even though 20 of the same trades may have a completely different probability it's just every individual trade is it's its own bet gamble whatever you want to call it with a 50 50 probability okay i'm going to just stop there because i think there's another question okay uh bound here um yeah i've used um seara charts for a long time so i have um yeah i've written quite a lot of stuff in that and they have a they've they've got a language where you you can actually write um scripts formula whatever without knowing too much programming or you can delve into the magic world of c double plus which um i i do program in i program in that i also program in pine script for trading view and occasionally in python as well because python's a good interface for example in python you can interface directly with book map so you can um code your own indicators or whatever your own interfaces into book map um and when the interface to market pulse is i think officially released open um i will be looking at using python to um script a couple of things in market pulse that i'd love to see with the microscopic data that or the microscopic snapshots of data the book map does you know you know the way that the book map if you zoom right in it's every you know microsecond or whatever uh and uh market pulse you can set down to 10 millisecond 20 milliseconds 50 milliseconds whatever snapshots you want for for your um calculation so you can look at lots and lots of things the commonly available ones are things like price change and volume pressure which is just there and there but um there are also other things like book pressure which would be quite interesting to to code inside market pulse anyway i think i am getting towards the end of the hour so i will um i'll wrap it up there and just ask for any final questions um you know we've got a few people in in discord i think we've got no we've got a few people in youtube as well i'm hope that was not too generic um again i'm happy to cover popular topics i um you know directly related to setups as well like um you know the supply and demand concept and the overlap with volume profile i'm happy to you know just to dig into that uh more um week upon week but anyway um feel free to you know post comments about what you'd like this to cover but i will call it a day so um thank you for watching


Well, the Sheboygan Armory was unique. It was pretty awe-inspiring to me. The very first time I came here was to see the Harlem Globe Trotters. That was the place to be on Saturday nights, twice a winter, when north and south were playing basketball against each other. My first rock and roll concert was at the Sheboygan Armory, and that was a rat when I was in eighth grade. The Sheboygan Redskins played in a national professional basketball circuit from 1938 to 1951. Prior to 1942, they played their games at the Eagles Club, a 1,300-seat facility on New York Avenue. The closest competitor was the Oshkosh All-Stars, but all other teams in the league were in large cities, having large arenas. Sheboygan had no such place adequate for support of a professional team. The team directors proposed construction of a municipal auditorium suitable for basketball and armory for use by the several local units of the Wisconsin National Guard. The work projects administration or WPA was still active in the last days of the Great Depression. With the influence of Charles Broughton, Sheboygan Press editor and political and civic leader, arrangements were completed for the WPA program to construct an auditorium and armory. Construction of the building in 1941 was likely the last WPA project in the area authorized to provide work to the unemployed. The site selected was a low-level, sandy lakefront area at Pennsylvania Avenue in Broughton Drive. This was the location of the former lumberyard of the Frybird Lumber Company, owned by the Frybird Novelty Furniture Company, with an adjacent factory south of Penn Avenue and Fort Street. The proposed design was of reinforced concrete, except for a steel, bow-stringed, truss roof. Even the exterior walls were to be of concrete, using inexpensive sand and gravel found locally. WPA crews labored to build the high walls. Extensive scaffolding was erected to enable the men to build heavy forms for the layers of concrete. There were piles of sand and gravel and a large concrete mixer with a huge, copper-shaped skip hoist which raised and lowered to put materials into the revolving drum. Everything was done by hand as ready-mix concrete trucks did not exist in 1941. Manpower and wheelbarrows moved the mix ever upward. The spacious 52,000 square foot arena, built in streamlined, modern style, was dedicated in 1942. It had a higher seating capacity than the Eagles Ballroom, Pap's Theater, Turner Hall and Riverside Theater in Milwaukee. I would have been about four or five years old. My mother and dad, my dad had a special interest in this, having a basketball court. They wanted to get out of that little dance hall downtown. And this was really, you know, a breakthrough for attendance. We drive down every once in a while and I'm in the backseat looking out, watching these guys pushing wheelbarrows. I attended Lincoln School and graduated from Lincoln School. But at the time, one of our field trips was to go down to the Armory as it was being built in 1940 and 1941. So those are some of my earliest remembrances of the Armory. Right from the very beginning, the Armory was a part of the community of Sheboygan. It was built that way. It was intended to be a part of the community. I know they had talked about it as an Armory, but what really ended up being was a municipal auditorium along with the Armory. I mean, the Armory served, of course, the National Guard and troops trained there. But the bigger part of it were the programs and activities and the get-togethers that took place. But even preceding that was the construction of the building itself. We're talking just post Great Depression. This was the very, very beginning of World War II. This was a WPA, Works Progress Administration job, and it was meant to get men back to work. So the building was designed in order to get as many men back to work as possible. Work needed to be done by hand. And if you look at the old photos, there's an awful lot of wheelbarrows and shovels going on that we certainly wouldn't see today. But what that did was put dozens, hundreds of men to work for sometimes eight weeks, 16 weeks. Well, consider when you had nothing. That was an amazing amount of work and money and it gave them training was a good time. So that in itself was a community project. The cornerstone was laid in 41 and they had their grand opening for the building in May of 1942. And almost immediately it was being used for all sorts of things. June of 42, they held the Central High North High School Combined Graduation here at the Armory that was a little over 500 graduates. Used to take place on Thursdays and at various locations from the the ball where they're currently held to the schools and the Armory was always involved with that because the community would sponsor an all night graduation party the night of graduation. When I graduated from high school, this was the place that the event was held. High school graduation was held here. What happened is you would to one day you would sign annuals up at the Y and then the day would end down at the Armory with both high schools north and south coming together for a big night here. We had a band called the Outsiders who were from Cleveland. They had a mega hit called Time Won't Let Me when they played. And it was so amazing for us to have that kind of act performed here at the Armory. It had all of these great parts of it when it was being built. It was putting people to work who were struggling financially. It was supporting, it was helping to support the war effort in World War II. And then it also served as a community gathering place. They had the auditorium upstairs. Political candidates across the board through the decades had stopped and did their campaigning at the Armory. Fred Waring was the most popular orchestra in the United States. He had a show on radio and in early years of television. And Usberg had a guy named Leonard Croningdonk who was a feature singer and we managed to get Fred Waring's orchestra and chorus to come and perform in the Armory. The place was packed. My mother performed on the stage here from about 1945 to 1950. And my mother was in a show with Mel Hummich from Sheboygan and a cast of about 30 people. It became really meaningful, I think, for my mother when I started playing here as a musician. And my first time here was with a band I had called The Elite Society and we were in the Battle of the Bands in 1965. We came in and did our thing. We had our paisley pants on and our CPO jackets and we performed such great hits as Snoopy and the Red Baron and things like that. Hits of the time. As we watched the other bands, there was one band that just totally knocked us out, a group from Plymouth and we thought, wow, those guys are amazing. Well it turns out they got penalized because they played too long. So the second place band won, which was us. As many of you might know, I grew up in Sheboygan County and the Armory was a special place for me and my wife Kathy and other community members in the area. Kathy and I have lots of memories there. I know that we went to various concerts and went to dances there, usually in Friday nights and had a great time. My number one memory of the Armory would have been in 1993. I went to see Vic Ferrari and everybody knows Vic Ferrari, you can't compare them to all these other great events there, but my brother, Paul, he was leaving to the Marines in a week after that concert. And somehow I snuck up a note on stage and I said, can you dedicate a song to my brother, Paul? He was leaving and he's always been by my side, you know, I was scared. And Vic, he came up there and he goes, we're going to dedicate the song to a young enlisted Marine. He's leaving in a week named Paul and he's saying American Pie and when he dedicated that song, that entire place just started clapping. And here I am 21, my brother's 18 and while I'm playing that song, I could feel he grabbed my hand, two adult brothers holding hands. And I'll never forget that. More recently, like the Mung New Year, Festival of Trees, you know, it was a community event that allowed the community to come to one place. I remember fondly that being a basketball player at the time, it was fun to be part of the Central High School team, all my friends were. I remember exploring the building where the kitchen was down in the basement where the bar was and you could have little snacks and beverages down there. It was just some of those things you just remember and you'll never forget because it was a significant part of my growing up in Sheboygan to have so many opportunities to participate in programs that were at the Armory. Before polar bearing, they would all meet in the Armory and get ready and get in their weird swimsuits and costumes and whatever and kind of party at the Armory and then march down however many blocks that is, which makes the whole idea even crazier that they're walking that far in the middle of winter. But that was part of that event, like even these events that happened outside had some sort of tie to the Armory always. They used to have fights, boxing and wrestling matches. They would set a wrestling match, pardon me, a wrestling ring right about at mid-court and then they would set up chairs all around. Nothing holds more history than the Armory in Sheboygan. All the events, any presidents, any entertainment, music, festivals, diversity, multicultural, all those things took place there. So it really is, you know, the textbook of history for the city. That was what the Armory supported in this community was basketball, amongst other things. But basketball was always a part of that building. We were one of the original NBA franchise cities. The Armory was one of the original courts in the first year of the NBA. You know, Sheboygan story only lasted one year in the NBA, but we were there. At the east end of the Armory was the only scoreboard. And so if you were coming into the Armory from the east, it was hard for you to see the scoreboard. So I was invited to sit on stage and keep score on a scoreboard that was probably six feet high and it had two things listed, home team and visitor. The actual numbers that you put up on the board were maybe 12 inches high, two little holes at each end, and I had to pay attention that you sure I was looking at the scoreboard so that when I was keeping score was accurate and same sync with the electronic scoreboard. They got caught in the snowstorm and they got to Madison Square Garden ten minutes before the game started.  And the owner looked at that, he says, Madison Square Garden, New York, Sheboygan, nobody knew where it was, what it was. He says, and these are the guys that are going to be playing here. He says, if they're in the league next year, I'm not. Red Alarbach, the famed coach and general manager of the Boston Celtics for all those championship years for them, in his memories, he referred to Sheboygan as the worst place to play in the NBA. He played one game there, one season. That's how much.  And it wasn't just the sake of how the court was set up. That was pretty common in the 40s and 50s to have a court like the Armory, but it was a sense that they had no separation between the hometown fans and the guys on the bench.  When people think of the Armory, certainly North-South High School basketball are the things they're going to look at simply because that was the one event that was held every year there from the history of the Armory all the way through 2006. The first high school basketball game that happened here happened in January of 1943. So this was all within months of the building being open. All of these major events started and they lasted for decades. I came in and experienced my first game in Sheboygan in 1977. And my first experience there after being a junior high coach in Milwaukee was kids were all talking about North-South basketball. Here we go. It was going to be awesome. And my experience was the first time out we had the players would come to the sideline and there would be such a din in the Barnard-Broton that they called it that the players couldn't hear me and I was about two feet from their faces during that time. That was my first experience. Now I've had a history of winning quite a few games and I'm very proud of that but this experienced coach lost six of his first 10 games at the Armory. South had some really great coaches. Dan Koopman and I go back to when I was coaching in Chilton and he was a JV coach at Keele. But he had some really nice teams and his last game against North was his first win against North. So that was pretty special for Dan and the Southside teams. I would say that's probably where I made my most impactful memories North-South basketball games that is just because of the age that I was. You have all of your friends and everything in the room and having the like cross-town rivalry and meeting at this sort of center of town place. Dan Stengel really made a dynamic jump into his experience as a athletic director in 2003. He kept it a huge secret from both North and South. He brought in the renowned ring announcer for boxing for the top boxing matches Michael Buffer. My senior year 2003 the first North-South game North actually brought in Michael Buffer to do the starting lineups that day and actually introduced everybody but kind of really went over the top for the starting lineups and I remember trying to make sure that I didn't jump out of my skin as the tip was going on that day because it was just kind of a surreal experience. Aubrey Koistor said this in one of the in the program that I did about the Armory said you know if you ever want to watch the worst basketball watch the first two minutes of a North-South game in the Armory because everybody's so fired up you know they haven't settled down yet and they need to play a little bit to get into the flow of the game. I've got a lot of great memories playing basketball at the Armory when I was younger that was one of the few games that WSES actually televised live so it was kind of a big deal when North and South played each other and getting able to watch those games live on TV from the Armory and kind of as you worked your way up through playing and looking forward to getting to just be in that environment just something really special that the area had to offer. The band was always on the stage behind us and as either North or either South in the story I'm going to tell I won't say which school but I got home that night my wife says who in the world was that playing that horn behind you and I heard it all the time they play it's this kid was just way off I mean it was annoying to say the least but that part of it too and even to this day when we go to games North South games regular high school games when they have that pep band in the building it just makes a world of difference and the pep bands for the most part I'm talking about one kid in one instance having you know off key but for the most part the bands are awesome and they add so much to the atmosphere it's it's really cool. Usberg wanted to be a part of North South in 1996 Kevin Brugink was the superintendent he's still the basketball coach there and he wanted to bring in the Dutchman to play a game at this historic armory I agreed to the game but when I saw what happened I was taken back because for Usberg this was a Usberg nation I mean I don't think there were many people at home and in Usberg they were camped outside the armory and when they opened the gates for the Usberg North game most of the people in the stands were red and white they wanted experience the the atmosphere here. My first memory of the armory was in 1997 my father-in-law was the basketball coach actually at South I lived in Illinois and I came up to watch a North South game I've been to a lot of events growing up but I'd never seen such energy and a community bonding experience as I did when I went to that North South game and just the decimal reading that the noise the impact the positive energy and you could tell had been going on a neat tradition for many years so that always stuck in my mind and I went to one other game and then when I found out that it was used for all kinds of events it was just amazing to me because I had never seen a city center like that. The 1940s the war years went to the 1950s that were very pleasant people just wanted to get back to living and then there were just a ton of events life life was good the 1960s changed all of that you know teenagers were different activities were different you really have to figure the social issues into that that really had a great deal to do with why the armories changed and why it wasn't necessary anymore and a good part of that were our expectations and changed a great deal. I felt in terms of the armory and its longevity it was a great facility at the beginning and the times and the way basketball particularly is played it just wasn't safe for the players anymore and because it hadn't been kept up with I feel that to take it down now is the right decision I thought it should have been taken down probably 10 years ago I mean to take the building down now is going to cost a lot more than it would have to do it 10 years ago it's a great building it holds a lot of memories for me and a lot of people in the community and that's what makes it hard to let go but let's face it it comes a time when you know it's time and this certainly is a time to let go. There was a point where I firmly believe that people were saying it should be torn down but really deep down inside they didn't believe that they just didn't know what else to do with it. I was always fascinated by it and I wanted to get involved to save it and that started during Mayor Ryan's campaign and I continued on and basically five five years of an ongoing effort thousands of hours that put in trying to work with the city work with individuals get a group formed we formed the Armory Foundation to try to save this and we wanted to provide for the community we wanted a place where somebody could have an event that was a musical event with three four thousand people at a concert. Where can you do that indoors in Sheboygan now? We lost in the end and basically what I believe we lost was an ideological battle. We tried we tried and it was it was a very intense full couple years and ups and downs roller coaster it was stressful and my wife and I sometimes and Colin had a lot of stress Colin was really hurting. We put up a fight as long as we could and we were up against a different view of values from the city and people working in in it and we just couldn't overcome that so we left and then Dane Schaefer and his group took over. I was absolutely not heard by city leadership by city employees by elected officials and I guess I'm speaking broadly of course there are a handful that that I feel did hear me and did want to come to solutions but generally speaking the vast majority of them wanted nothing to do with that. The community on the other hand was extremely supportive. I sent a letter to Mayor Vandersen and and I said this is an idea I have can I be given some time or some you know to try to find a solution to this and he never responded so when he didn't respond I decided that I would just release the letter publicly. The people were like you know yeah nobody's using it so we need to do something with it but we can't really afford to keep it and let it just rot and so it kind of hit that good middle ground of trying to make as many people happy as possible and so it got a lot of attention. It was a contentious time you know across the board and people's emotions got riled up. To me it's kind of one of these things where as the building's coming down and everyone's posting things on social media look at the demolition and oh remember this time and remember that and to me personally I just keep asking myself where were you 10 months ago when the group was asking for people to stand up and say we need to save this building where were you? Donna Wendell and I thought about possibly purchasing the armory we don't know if it was for sale or not this is just when spaceport was occupying it and in tennis there's a defined field or court football there's a defined court in soccer there is not a defined court there are four and in order for it to work at the armory we would have had to take away the stage little did we know that the stage was filled in with concrete so all of our thoughts about maybe having indoor soccer at the Y was supposed to wrap the the seating was still there on both sides it would have been perfect except the cost was going to be prohibitive to get away that take away that concrete underneath. Even the long timers in Sheboygan aren't connected as deeply to some of those those long held loves that groups before were and maybe that's a gross generalization but we're different people than we used to be. We got new shiny you know gym facilities on both sides of town and we just abandoned it as as leadership and as a community we just let it rot and then only 10 years later you know people started stepping up to try to save the thing we should have never let it get to that point and we can't we can't afford to let anything else get to that point. Sheboygan I think has always had this these moments of time where they just say out with the old in with the new. Sometimes I think you just have to say we did everything we could and we're finished. The folks that fought for it did an admirable job but I also on the flip side of that don't blame the city for deciding that this is something that they couldn't use either. If we just use the comparison between City Hall and the renovation of City Hall and the renovation of the Armory there's a huge difference in usage. City Hall that's a landmarkable building too and they spent a lot of money I think that was about an 11 million dollar project but it also is the center of government. It's an office building if the city for some reason decides not to use it or moves out of it at any point in time it's an office building that can be sold to anybody. It's a building that can be turned into apartments. The reuse issue there is entirely different than the reuse issue for the for the Armory. I think from a local historical perspective the Armory was a building that should have been saved to keep Sheboygan Sheboygan. It was it played too large of a role in this community through you know the past 80 years for it to just end in a pile of rubble. It shouldn't have been that way. The building was designed and built to last. It was built as an Armory you know in the 40s it was built designed and built to withstand potential military attacks you know for it to come down by a wrecking wall you know it's in my opinion not right. You can keep the building but it's really the memories that are the thing that we want and the more we talk about them and the more we write about them and the more we remember them the longer this goes on. We've got probably another 20 years where people who absolutely love the Armory will have these memories and will be around to to remember those things. Once we get past that then people will begin to say what was the Armory. I don't know that was never there. I don't remember that. So we've got a small window where this kind of thing is going to be fantastic. I did underestimate the gloss of tearing it down. I don't know what the total figures came down and how easy it would be. I thought it would be a wrecking ball but they bit that thing apart one bite at a time and came down very quickly and very easily. So I was pretty impressed with the demolition of it and I guess in my mind sometimes it's easier to drive by now and not see it. The life goes on. It's sad to see it go but it's time. We had a lot of fun at the Armory and it's great to see projects like this that not only allow folks to remember our good times there but that will ensure future Wisconsinites can learn about the Armory's significance and impact on the community.


So, thank you for being here. I'll try to talk to you about the non-intel platforms support with Haiku. So, for those who don't know Haiku, you can go downstairs at our booth and have a live demo, and you can even buy DVDs. Yes, they're still like this. We actually sold like 60 of them yesterday or more. So, yeah, it's a free software operating system. It's inspired by the BOS. Who ever used BOS in here? Yeah, cool. So, we use our own kernel, our own GUI. And yeah, BOS already had a tradition of moving platforms because their first prototype of the B-box used the Hobbit CPU, and it was discontinued before they actually shipped the machine. So, they had to move to PowerPC. So, they made the B-box with two PowerPC processors, and then they stopped making hardware. So, they ported to the Macintosh of the time. Then, with the G3, Steve came back to Apple and said, oh no, you won't get the space for the G3. So, then they ported it to the PC. And then they failed because, well, basically Microsoft owns the PC. So, in case you thought Microsoft's controlling which OS is installed with secure boots, well, it started way before. Just look at this article. So, yeah, Jean-Luc Gasset, the founder of B, was quoted saying this, I once fridgeed peaceful coexistence with Windows. You may laugh at my expense, I deserve it. So, what's happening with Haiku when you boot on a regular PC? Well, you have the BIOS usually. You have the MBR, either our own MBR which is called Bootman or Grub, maybe, and Chain Loading. And then the MBR loads the first sector of the partition. So, we call it stage one. And then this one should locate Haiku loader. So, it needs the partition offset from the sort of the disk. We have a tool to edit this, the first sector to write it. It actually shouldn't be required now with the latest biases. So, maybe we should fix this. And then Haiku loader actually loads the kernel and passes control. So, it's not unlike NetBSD or FreeBSD if you know it. It just has a visual menu with the boot options. So, Haiku loader, which is now its own package because Haiku now uses packages. But this one is a bit special because the first sector doesn't know how to decompress so it's not compressed. Haiku loader sets the graphic mode because we want to be nice to the user and show a nice splash screen. It loads the kernel, the modules from BFS, which is our own file system. And eventually, it can load from a floppy so we can fake an init.rd thingy. It sets up the MMU, the FPU, and some other things. So, it's just not just a chain loader. And it calls the BIOS for many things like loading sectors. And then it calls the kernel with some structures which include actually platform-specific stuff and architecture-specific stuff. And we currently have a problem with this because on most architectures, we actually support many platforms now. So, on PPC, for example, we have OpenFirmware and Uboot. So, which one is it? So, we actually have to fake the OpenFirmware stuff in the Uboot struct, and it's quite early for now. So, there are some challenges when you want to port haiku to another architecture. First, since the latest beta, which is our first beta, we do support packaging, which is nice because we can almost have reproducible builds because we use a shrewd to build stuff. But it also means that dependencies are stricter so you can just screw things out just to bootstrap stuff. And haiku needs basically haiku to build itself, which is quite easy on X86, but not really on PPC or ARM. And so, yeah, bootstrap builds are not usually run by many people, so it's easy to break. And we also use C++, which can be a bit of a pain sometimes. So, PowerPC, that one was started long ago. It's the first non-X86 port. It started with the Pegasus one and some years passed, and I started porting to the SAM board and other MiGaOS compatible computers, which run Uboot. QMU knows how to emulate Macintosh, but there are always some issues. And then there's the Bbox. OpenFirmware, well, it's nicer than the BIOS. Actually, it's cleaner. Except for interactive things, like shutting down the computer. How do you do it without ACP? Well, you have to call OpenFirmware, which means you have to keep the older mappings. So actually, OpenFirmware still runs. Maybe we should use an emulator. We do this for the VISA BIOS on X86. Also, there are standardized writing, except for the frame buffer, for example. You can actually draw it through the screen, but you can't know where it is in memory. So it's not that useful. Well, this one is quite weird. I ended up writing stuff for nothing, but yeah. The SAM board, it's an embedded board. It's also used for AmigaOS fans. Well, it's a book-e CPU, so for those who don't know, it's not like the G3, G4 line of CPUs. It's very different. Basically, it's a very limited MMU. You just have the TLBs, so you have to actually fill the TLBs manually. It's quite painful. Even the Linux guys actually tried, like, three times to get it right. So, yeah. And their fork of viewboots is very old, and they basically rewrote most of the graphic stuff, and they also have things we can't even use. So, well. But I did write a target for QMU, which a nice guy cleaned up my patches and upstreamed them. So, yeah. Well, it kind of worked at some point. PPC McIntosh, as I said, there are always some issues like, oh, wait, we forgot to declare the PCI bus virtual translations in the open-firmware tree, so we put our kernel there. Oops. The bee box, yeah, so it's not the target, but it's still a blue box. I started the product recently. I mainly just wrote the device tree because it's so old nobody even cared. The boot ROM is quite dumb. It just loads a path file. But, yeah, LD claims to know how to write a path file, but it doesn't, so I have to fix this. So that's my personal to-do for PPC. ARM, well, it started long ago, and we thought, oh, cool, there's an API in U-boot. We can call it. And then we spent a week trying to find it. Oh, yeah, actually we wrote it for NetBSD or FreeBSD, but, well, nobody cares about them, so nobody can pass it in. Okay, well, then we managed to load the kernel and then some people wrote stuff for A-satistic that broke the build. So we fixed it, then it breaks. So, well, okay. So, yeah, basically U-boot, there's no usable API. There's some nice stuff, at least you thought it was nice. If you're lucky and you have a recent enough U-boot, at least U-boot fixes the FDT with the memory size. Yeah, U-boot doesn't know about BFS, of course. And where's the frame buffer? Well, nobody cares on embedded, so, yeah. So let's look at the global data. Okay, so it's a nice structure with architecture-dependent stuff. Yeah. Yeah, well, at least we get the frame buffer base, but what's the geometry of it? We don't know. Yeah, MK-image, there's an option. Let's add IQ. Yeah, but the existing boards, they use the previous U-boot, so it won't work. Let's fake NetBSD. Yeah, this board doesn't support NetBSD. Okay, let's boot. Yeah, but there are some issues with that. Okay, let's fake Linux. But which one? Because the old stuff is attack stuff, and then tools to actually fill this in, so the rest of the code is cleaner because it's currently a mess. Yeah, this one is really just for fun. M68k is nice. The X86k also earlier in the previous talk. If anyone has the next box to donate, yeah. There are still people making hardware which are compatible with those things. Basically, the Firebee, yeah, it's a cold fire stuff, and the Vamper, it's an FPGA emulation. They both have MMUs, but a bit different like the book ECPU, so it's just a TLB, and you fill it manually. Yeah, I don't think I have time for a demo. Yeah, so just come and see me. It looks like this on Atari and Amiga. Well, nobody really looked into it. I didn't really try UFI yet. It should work, but it's not yet officially supported, so it won't update the loader in the fat partition. And yeah, Race 5, we just started, so if you have a demo board to send, please send it. And of course, if you want to help, there you go. So I think we have maybe one minute for a question. Oh, wow. You were talking about U-Boot, and the U-Boot you have, enough of UE 80s that you should be able to start your operating system. So is BU us not correctly supporting U80 on ARM, or what is missing? Well, so U-Boot supports UFI now, well, which is now, because back then it didn't support it, and so yeah, why not use UFI with U-Boot? Well, because back then it didn't support UFI, and now we just have ARM supports for the UFI code. So yeah, for the newer boards, we will use it, yes. So you get a DVD. Thank you. Okay. Do we have more time? Okay. I see it's really quite a lot of work to get anything working on any platform. Which platform to do work now? Well, basically x86 and 64-bit PC, because it's quite well maintained, that's about it, and we are currently working to fix the ARM port, because there is bootstrapping issues, so yeah, so help welcome. Thanks, and you get a DVD. Thank you.


Hello and welcome to NewsClick. On March 10th, an Ethiopian Airlines flight carrying 157 people crashed six minutes after it took off from Addis Ababa airport. The reason for the crash was a faulty sensor which triggered the manoeuvrability characteristics augmentation system, a feature of the newly launched Boeing 737 MAX. In the past couple of days, a number of new reports have emerged which have exposed the extent to which Boeing has not properly advised pilots regarding these new features. To talk more about this, we have with us Praveer Prakarisa. Hello Praveer. Praveer, could you just first detail what have been the recent reports and how they put Boeing in the dock regarding the advice it gave to pilots? Well that advice was also something which the regulatory agencies also shared. So we should put the blame only on Boeing in this case. I think if the Federal Aviation Authority also has a lot of share in this blame. The major issue that has come up is we have recovered the flight data recorders. With the flight data recorders, we now know that the characteristic of the path of the aircraft was very similar to the Lion's Air crash, which we now know was an MCAS issue and which was, you know, the pilots were really fighting against the MCAS. So one thing that comes out very clearly is what was issued as the directive after the accident which should have then been able to prevent a repeat of this accident that this was not enough. Now is that true or not? Was it because of as it has been earlier argued that it was essentially well third world pilots, lack of experience of the co-pilot, all of this. So now it's very clear that there are conditions under which actually manual trim, which is what was advised, switch off electrical trim, manually trim it, manual trimming actually means a rather anti-diluven system which you crank a wheel and the flap cups up and down and therefore you are able to restore or fight what the MCAS has done, restore the stability of the flight and you are okay. So that, this seems that this is not really possible because under certain conditions the basically the flap would essentially freeze and you would not be able to shall we say assert enough force with the cranking system that you had, manual cranking to be able to overcome that and therefore this recovery mode that was suggested was at best insufficient if not really useless. Now there have been simulated tests done to test this out and the simulated tests also show that if you have this MCAS runaway, but basically a runway stabilizing problem, then there is very little that the pilots could do. In this particular case the pilots restored what is called electrical trim because manually they could not maneuver further. The flap which is supposed to go up and down did not behave, they forced that they were manually applying was not going to be enough, it has been shown why and then what happened was when electrical trim was, they had to put an electrical trim to really be able to electrically move the flaps, then the MCAS again cut in and interestingly enough now we know again the MCAS amount it cut in was more than what the pilot could provide and therefore it completely overrode what he was doing and put the nose down further and leading to the unrecoverable, irrecoverable crash. So this raises a very key question that in the aftermath of the accident if a simulated test was done and this was clearly proved, how is it that some of these tests were not done ahead of the release of this flight and this new technology? Well you know this has been the fundamental question that has been raised that why was the MCAS system developed, why were the pilots not informed and was it tested thoroughly and who did the FAA, Federal Aviation Authority, who did the certification essentially rely on what Boeing said instead of testing out all the things themselves. If we come to the first main question, why was an MCAS system there at all, MCAS system was there to basically make the pilots feel that the new plane that was being given to them was very close to the original old Boeing 737 while we know that it was a much more powerful engine therefore that to shift the location of the engine, change the center gravity of the aircraft all of this meant it might have behaved differently and therefore the pilots may have felt that they need more training or the retraining on the new system. So to cut out that it appears that MCAS system was put not because of stability of the aircraft but for the pilots to feel it is like an old aircraft and therefore obvious the need for training, the simulator training, simulator programs all of that which is really which costs money takes time for the new planes to be inducted. So that's a cost that Boeing was trying to save because it was really in a strong contest with Airbus 320 already in service they wanted to therefore catch up and therefore the need for speed. So that was the MCAS issue if that was the idea that it's not really for stability primarily though that's been argued it was also for stability but essentially if the avoiding certification, avoiding pilot training was the issue then the second major issue came up that therefore they hid this from the pilot. Now normally and since I have dealt with control systems for much longer than I have dealt with shall we say news. Now normally a control system does not keep the operator in the dark in this case the pilot in the dark what its behavior is. If its behavior is not known then the system as a whole including the control system behavior is also unpredictable for the operator in this case the pilot therefore he doesn't really know what he can do. So he is fighting something he doesn't know the cause if he knows the cause then it's much easier for him to actually handle it well it still might fail but there is a much better possibility. So normally you do not cardinal principle of any control system is you do not keep the operator in the dark even if fly by wire lot of this control system you let the control system actually lead because without that very difficult manual to control certain systems. So I can understand the need for that but keeping the operator in the dark is certainly not something you do as a consequence they did not want to put in they had two sensors they did not connect it to the system they did not show a light with the set is only an extra you have to pay more for it which would show the two sensors do not agree with each other. So all of these which appear incomprehensible otherwise seems to make sense if you see that Boeing did not want to disclose the MCAS system and what it did do to the aircraft and that part of it is something which they also partially hit from the aviation authority FAA in this case where they did not tell them there is the 0.8 degree per MCAS shall we say intervention it actually had been increased to 2.5 apparently even this 2.5 degrees even this was not in the documentation that submitted to FAA so all of this would indicate that Boeing more than anything else was interested in selling the aircraft fast enough to counteract the airbus 320 competition in the process not only cut short a lot of the shall we say necessary steps both in terms of design and in terms of certification but also hid what they were doing from the pilot and the shall we say the people who are buying the aircraft and as a consequence when something went wrong the pilot had no way of knowing what to do neither did even subsequently the system have gave enough information for them to do that tragedy of it is that if Boeing had disclosed the extent of the problem Ethiopian Airlines crash should not have taken place and let us face it Ethiopian Airlines safety record is pretty good so that is that is the unfortunate part of it that this was a second I can understand the first being an accident I can understand okay we Boeing did make mistakes but okay mistakes happen but the second is really I would say a criminal act and it really deserves a much stronger shall we say response from the aviation authorities than a knuckle wrap on knuckle and even even as it's trying to rectify this flaw there have been reports of some more software errors emerging so this seems actually like part of a pattern too you know it's a one of the problems of life that you start having a problem the problem seemed to multiply because they come not from what is called a error an error as it were but a design hole which you have not thought through fully in computer terms somebody used the word bugs like to be together so it doesn't come from there really being a single error that you have made but some conceptual black hole you have created in your design where a number of things then are there which create the problem so in this case as they try to rectify something or some new problem seems to have come up we don't know what the details of it are but one thing is very clear forget this issue of the second bug the issue is that this now has to go through the following MCAS system has to be fully tested under all conditions we have to clearly have the two sensors linked to it we also need to know that can we recover from an MCAS system which has this strong ability to trim create such strong movements of the flap which changes the nose height of the angle of the aircraft is it possible then to do it with just some shall we say superficial fixes all it will need really a much deeper understanding of what went wrong and how to fix it under such conditions and finally it will be training of the operators and simulated training to boot because we have had people killed a large number of them to aircrafts crashing within short distances of each other and I think the most important part of it is that in the certification today has to be done again which it will be looks like the federal the federal aviation authorities FAA's credibility is at an all-time lowest taken a big hit because of this so the certifying authorities in different countries may want to look at this again so we are looking at anything between 6 to 8 months which is what is being optimistically now said to even longer it is interesting Boeing has already decided to cut the production of its aircraft it used to be 52 per month now I think it is 42 per month so there is a significant cutback that Boeing is doing it knows now that it is not going to be able to deliver the aircraft and there is a it is a big possibility a lot of the aircraft those who are bought the aircraft will actually not now go ahead and cancel the orders as well as those whose planes have been grounded are going to ask for compensation even the families are the victims of that of course is a separate issue because if it is known that Boeing knowingly hid certain problems then the punitive damages could be very high but even if I forget what is you know what is going to happen in the court case simply the commercial implications of this are enormous because I don't think Boeing is going to be able to put but put the aircraft back into there very quickly as I said 6 to 8 months seems to be a conservative figure at the moment and also you are looking at large numbers of cancellation of orders as well as those who are whose fleets have been grounded the kind of bill they are going to give Boeing. Thank you. That is all we have time for today. Keep watching. Yes.