It's a recurring decimal that while the political class in Nigeria feed fat and are totally insulated against the sufferings their policies meet out to citizens, the same citizens are constantly called upon to make sacrifices for the nation. And as President Ballatini going ahead it's 11.92 billion narrow feeding and foreign troops budget. For him and his vice, Nigerians believe it is immoral and a lack of empathy For this government to rub opulence in the face of suffering citizens while maintaining a wieldy and overblotted government with a plethora of aids at various tiers of government. This is our first hot topic this morning. The value of knowing our history as Africans is what we'll be taking a look at as our second hot topic this morning. You need to join us to meet an author who's making this a top priority on his list. We'll also be taking a look at stories that made headlines this morning on some national dailies with an analyst joining us on the press. Good morning and welcome to the breakfast. I am Maureen Menon-Wazigwe. How are you? How was your weekend? It's good to have you join us again. So it is the mindset Monday of the breakfast this morning on Plus TV Africa. And we want to ask you a question. Are we gradually losing, gradually sacrificing our culture to be more Western? Are we gradually sacrificing our culture to be more Western? Are we losing touch with our history and culture? Some of our younger generations cannot even speak their mother tongue. So are we gradually sacrificing our culture to be more Western? That's a major question I want us to think about pondering on this morning. Can we even name the most significant historical facts from our past? Our history. History causes need to be made compulsory. They need to be made compulsory in our schools today so that our children do not forget who they are and where they are coming from. So that we, the senior ones, also do not forget our history and where we are coming from. So it's mindset Monday and that is what we want you to ponder on this morning. Are we gradually sacrificing our history?  To be like foreigners? What legacies are we living for our children? Are we making it difficult for them to know who they are and who their ancestors were? Let's ponder on that. As we move on to our top trending this morning, a very fast trending. Unverified users from, that's Twitter has restricted, unverified users from reading above 300 posts per day. Twitter has slammed restrictions on the number of posts users can read per day in a bit to curb data scraping system manipulation. The platforms executive chairman Elon Musk announced this via his Twitter handle on Saturday. The restrictions are a temporary measure according to Musk and according to the new rule verified accounts are limited to reading 6,000 posts per day. An unverified accounts, 600 posts per day, new unverified accounts, 300 posts per day and Musk's announcement was welcomed with condemnation. For many people who say it is a plot to make more users subscribe to the Twitter blue badge. Well that's our very first top trending. Second top trending has to do with China. China has visited Nigeria with three warships to strengthen bilateral relations. The Chinese Navy has caught task group 162 comprising MSL destroyer, nonning MSL, Brigade, Sonya and supply ship. We shall have arrived Nigeria to strengthen bilateral relations between both countries. The Chinese envoy arrived Lagos on Sunday, July 2nd and were received by officials of the Western Naval Command led by flag officer commanding rare admiral Joseph Akman. Chinese ambassador to Nigeria, Mr. Qi Zhenchun, said that the visitation of the Chinese envoy shuttles for July 2nd to 6th would also enhance maritime security within West Africa. The news agency of Nigeria, that's the NAN reported that the MSL destroyer, nonning made the port call at Nigerian port authority, birth 21 while the other two ship remain at Anchorage. The delegation from China is made up of more than 700 people and three ships to Nigeria. Well those are the top trending this morning on the breakfast. We'll give you the weather report and come back to take a look at the headlines that made it to the front pages of some national dailies this morning to stay with us.


Good morning traders. All right, let's get started here. Hold on Sorry about that. I know we're Working here in YouTube. I need to get started about that. I Know we're Need to get started here in discord Get started here in discord Get started here in discord All right. Good morning traders. Okay, we can get started now and Aloha Tony and Hey, Rob Allen excellent. So sorry about that. Let's get started All right, so this is the live webinar. We do Real-time analysis here Monday Tuesday Friday 10 a.m. Live Analysis from Jay trader on Wednesdays and then Thursdays Scott Pulsini futures trader So what trying to bring as much value as we can to you guys Regarding order flow about understanding the markets the market mechanics in here and then being able to Apply that to the way that you trade that is our goal here And bookmap visualizes this extremely well to give you that insight. We think it offers you an edge So we're gonna be using that to show this to you. It's all based off of our educational course That's online on our YouTube channel. You can see that here if you go to YouTube and you scroll down it is Under bonus materials here view the playlist Please if you're new in here watch part one and maybe all of them part one and two though At least part one. It will give you the foundation of what we're talking about And then we have many different Events for the rest of the day here So I need to show you that as well. So really happy to offer this to you guys Upcoming streams Tom B is next after that. We have Spanglish trades here With Frank he'll be at 1 p.m. East Coast time. These are all East Coast time Right right here. Tom is right after this webinar at 11 30 East Coast Doug is then then Frank and then Doug right after that And then we have a special event here Patrick Wayland at 3 o'clock So at the close we also have the Algo boys. They are in our discord channel Streaming so you might want to check that out as well Next week we have some interesting events for you as well. Okay, we have mayhem Excellent trader. He's gonna be on Monday and then Let's see here. You can see Carmine Rosado next Friday. Alright, so some really good stuff here. These are all excellent traders here So I'm very very happy to have these These guys in here. Thanks, Rob. I see you just posted this in the Discord channel, let's go through the disclosures and jump in we had just had some data here and we'll go through it General disclosure all book map limited materials information and presentations are for educational purposes only And should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results Alright, so we can Bypass that Let's take a look here at the order flow immediately Look at four thousand right here amazing. This mark these markets have been all over the place And here we are heading up to 4,000. I didn't think this was gonna happen, but Looking pretty good Let's take a look at our candlestick charts to begin with here. You can see here the You know, we made it just up to 4,000 well, this is these are the regular trading sessions here I don't do we tap it yesterday. It doesn't look like we did and Or the overnight here, but you can see we're below it now and We can see that we just kind of filled the gap here. It looks like on the 15 minute chart over here Which is on the on the right hand side I have the hour in the middle here and then on the left is the daily chart. Okay, so anyway, let's We'll take a look at the bigger picture here, maybe we'll come back in in Just a second here to look at it And just look at the current order flow. What's happening right now? Well, here it is in front of us You can see absorption or I'm sorry It's not technically absorption, but these limit sell buy orders. They got filled here here and in here And and we can see the result from that Especially right before 930 a lot of buy volume coming in and the market did move up But you know, it was kind of hesitant here This is not what we want to see in a strong move We want to see the strong volume. We want to see the big green dots here moving that market This is what moves the market. It is the aggressors that move the market higher and We can see them doing that here Now up here. Do we see them? No Right. We see sellers come in we see selling up here as well. We don't see big green dots up here This is looking like it's going to exhaust out and trade right back down to here And I would actually be looking for this to at this point here for it to break it It did not it you get a little bit of a break here And then look at we had data here. You can see the liquidity all dries up around it see the dark areas in here and Buyers came streaming back in right after the data And and they trade right up into this 90 level here. Okay, so that's what's unfolding now And we need to see here. Let's just take a look at our structure in here Okay, we're gonna talk about candlesticks today I want to go through that in a little more detail, but look at our price structure in here. Okay our price action And in fact, let's take off the volume dots and the heat map for a moment here Okay, we're talking pure price action All right, and what's going on in here? Well, we see the move up. We see a sideways consolidation It's testing the bottom of this consolidation period right here. I can draw that consolidation period up Like this we can even see kind of a smaller one in here and then the break above it and see how this did not accept Right. It just did not accept. In fact, let's get rid of this one here and This is starting to understand the structure the price action this is essential to understand it's really telling Understanding all of this activity in here and it it tells us the behavior of the traders and it tells us like Where they want to do they believe in this price structure up here Or it doesn't have less value. Hey, well this one up here failed. You can see it broke out here I tried again here and it failed and came back in and now this one is starting to fail as well All right, so This is really Important to understand the We can get into showing the candlesticks in here Let me go to candlestick settings in here And I'll just put in a one-minute chart here for now because Really to start to understand the price action in here Most people are trying to read it through the candlesticks. Well, see how this candle. This is a one-minute candlestick chart Okay, that's usually the lowest time frame most most of the Software has out there and look what you're missing here. Okay. See this little consolidation period here and Here you don't see it in the candlestick. It's not there Hey, this is really important to understand here is why it broke out from there It retested here and it bounced a little bit now It's retesting where it broke out from in this structure here See that one that we just marked up here. It is hidden in the aggregated data within the one-minute candlestick chart We want to understand these areas in here It can really help you optimize your trading and make much better trading decisions Okay to understand this Information or this data now. We're breaking down below here now I would imagine we're gonna see some profit taking down here and we might find buyers in here okay Looking for a stop run and then a move back up All right, so now that we're just based on basing this assumption off of the Price action just pure price action. Okay, here is our Technical levels in here at this 78 level. We're looking for some buying to start to come in here now What is gonna pre preempt this or pre preclude this here would be lack of selling Okay, we'd look for that first and I can see well, I see the bars in here So I know that there's some selling in here. So it's not really we're not really finding too many profit-takers here At least not yet All right, so we're finding some sellers in here I'm kind of getting ahead of myself here because we're looking at volume now in relationship and context To the price action and we're looking at these technical levels in here So I'm looking for buyers still in here and then where might they take it? Well, I'd look for the move back up to this 79 level and I'd look for the move back up into this kind of 81 level up here Okay, maybe they can come all the way back up into like 85 here. All right, so That's what we're looking for now. That is one scenario move down into this higher Time frame area here where the buyers came in and we're looking for some profit-taking Okay, now we're getting our answer here well not not really seeing it and We continue to trend lower here and we're not we're not seeing those buyers come in at least not yet Okay, we had a stop run here and a little bit of a stop run here too Okay, so Yeah That's so what are we getting out of this on that scenario looking for the move back up not much right now? Okay, we don't know what's going to happen down here, but we're looking right at it. We're looking at the real-time activity here and We're going to turn on the volume dots in a minute and that's when we're going to get our first level of context We're kind of cheating here by looking at the volume bars, which does not help us here cheat at least so Anyway the The pure price action here and drawing up the structure is just really really important and essential to understand Okay, so actually I should have zoomed out a little bit more To look at that price structure. It's here. Maybe this is the important level the important swing here Or maybe it's here right maybe that's where we're looking for our profit takers Right because we we're looking for them in here and we didn't really get them and I was still looking for them Okay, so I'm looking for them at this level here Okay, now one thing I would like to see here is first a big stop run that'd be great So maybe we see and we have to wait until we get down to 71 here and see that stop run. All right, so Let's see here Rob you put out something in the chart or in discord Yeah, we can take a look at that stop run and absorption in there. Sure So hold on Okay Okay, and we're looking pretty good over in YouTube. All right. All right guys, so let's take a look here So yeah, here we go like look at our buying. I don't want to turn on the volume dots quite yet I'm looking for the move back down here just to test this previous structure. That's the bigger picture here Okay, I was looking for it here because of the big move out of here first This is where the buyers came in we know that because the price action That's why I drew this up. That's why I'm looking for a profit taking down here Hey, we didn't get it. We went we went lower Okay, so that's fine If we were looking for it the scenario didn't play That's fine. Then what do we do? Well, if you're in a short position in here and no one else is taking profit We'll stick with that. You know, this is how to consider it here Hey, figuring out money. Nice to see you in here. This is something to you know consider right now Now we're starting to see him right now. Look at the look at the buying coming in. Look at the price action, too Okay, so back up to the top of this range here or this candle Okay, and then likely likely a fade even here though and a move back down to retest these buyers in here Okay profit taking and moves in here Typically, it's just a kind of a you know What you what you typically see is you know the strong trend down and then it just kind of inches back up And and then you see the that that's profit taking and then you see again the strong move back down Okay, now in here how we're going to start to look at in the price action for a potential reversal here okay, because I Didn't really see that profit taking and is this profit taking this is not that Not really. This is more of like buyers jumping in is what it looks like to me I don't see that kind of candlestick pattern here of You know this here it would be or the price action would be more like like this Strong move, you know kind of pull back like this followed by strong move Okay, I don't see that right now I just see strong move and then this kind of a little bit of sideways action And then it's starting to be kind of strong move again here, right? So maybe maybe this is a reversal Okay, now on a shorter time frame Let's draw up the structure here on the reversal and what this might look like and let's clear the drawings for a moment And what that might look like all right a measured move why measured moves work as well okay, again, we're talking about price structure here before we get into the order flow and This would be our measured move Okay, so you could look at 50% or 100% and move Now let's line that up with other price structure areas here. That looks pretty good right in here Looks pretty good. Okay. This is where sellers came in and moved it lower all right, so This is more indicative. See see the see this strong move and then this kind of pullback like that That that's more like profit-taking. Okay. I think we covered that in real-time actually And then it just continued on on lower All right, so Anyway, that would be your measured move in here somewhere around there either either areas look pretty good a hundred percent or fifty percent Move back and why I am not a fan of fibs whatsoever However, the measured moves in here makes sense to me and looking at a fifty percent or a hundred percent retracement makes good sense to me Because of the activity of the traders in here, where are they going to place their stops? Where price might go to retest areas here? and And some of these measured moves make sense Along those lines to me. All right, so I do like the measured moves And we see it again and again But these kind of magical fib levels based on a golden ratio is is Yeah, I'm not not a fan of it. I don't really believe in it for the market But you know, who knows if you guys like it just match it up with your liquidity levels and your price structure And the volume okay now let's we talked about a lot about price structure in here right now And you can see this this measure move in here.  Okay, so This is this is more it is more like a this could have turned into Like a head and shoulders or rounding bottom and come back up here. It failed here. How do you know that? All right, how can you get insight from this? Well, this is where we want to look at this activity in here Right to give us insight also up here. Okay, also in here So let's turn on our first level of context in here and that is the volume Hey volume dots. All right, and let's zoom in a little bit here And then let's take a look at this. Okay, so the the reversal is not not bad They look at strong volume on the downside not too much too many buyers strong volume on the downside Not too many buyers strong volume. Ah some buyers Not so strong volume some buyers not so strong volume even though it made a lower low Okay, so we're you can see how that context in here Starts to give you a lot better insight to this potential move up to the top of this range or these other areas here Right so this is how you can use this tool To gain better insight now here You can actually you can see the context we're talking about in the price structure. Here's our structure Here's our break and it did a measured move Okay, it did a measured move of this area here and it retested here And it came back up and and and I traded to the top of the range and broke out and then failed Okay, so now let's talk about the failure up here Okay, how do we know that not to get caught up in this here and get more insight out of it here? Let's again, let's clear our drawings And let's take a look at it here All right, so do we see all of all this volume up here on the buy side? Not really not really This is looking good. This is looking good and just kind of just goes back and forth in here Okay, I gotta I gotta take the candlesticks off. We're gonna talk about the candlesticks in a minute But see you see how this looks good. This looks good. This is kind of a back and forth in here That doesn't give you like a whole lot of a confidence So we get a move back down it retest where these buyers came back in and it bounces And it comes back up here and look again up here. Do we see a ton of buying up here? No No, and we fail on the breakout so in here You can look for it to kind of come back down and it's it's kind of likely that it's gonna be kind of range bound in here Now buyers could have come in here this little little area in here. They could have They didn't sellers see how sellers pushed it through and then look at the selling at the bottom edge here This is where you get your insight. Okay, you can you know if we had pure exhaustion up here would be much more insightful And that we're getting some insight out of the volume up here though That it's not strong. We know that Okay, so now we have context with our price structure and volume this you can use in any type of Strategy anything this and I hope this is like evergreen content for you guys. Good morning Jack Jt So I'm hoping that you know this this can provide value for whatever it is that you you're trading And then look at the push through here right on that on the stronger volume All right, so this is where they're they're moving it away from this area in here Look for these moves again and again and again moving away from an area on strong volume All right. Now. We're just talking still about the context of two elements in here. Okay volume and price structure all right, so We're gonna Now add the third element in here Okay, that's gonna be really helpful and this is where book map really shines Look not candles. We'll get to the candles in a minute, but the heat map. Okay, who's taking the other side of the trade? And we want that context. Well, look at this up here actually this still kind of bodes pretty well For this to go higher You know it really does here's why they're pulling the liquidity in here And they're pulling it even up in this area up in here and we can't even we can't find the buyers to get up there though But they're pulling it away meaning that they don't want to be sellers here They don't they want to be sellers up at higher areas up in here at this 80 level Okay, this is the context again that we're talking about actually it is the door is open for those buyers at this point But this the aggressors here aren't they're not interested in it Right. We see the aggressors in here There's our context between this liquidity up here and what the market thinks of it What are the participants think about it? Hey here? Here we go Right and then down here. Here we go. They're here, right? So if they're selling and there's more sellers kind of that are rejecting this area up in here and here here They are in here We're looking for it to break to the next level of liquidity Hey, there's some here. There's some here in here though And we continue on down and trade into all of it now and is continuing to sell off here Okay into this liquidity this liquidity. This is turning into a strong move All right, so next level liquidity down at 3950 Okay, high liquidity. I mean we see some along the way in here, but this is the most Down here So now we're gonna we're gonna see this market gyrate back and forth before we get down there Okay, but we'd be looking for it to continue on down into that area here Okay, so here's our our low of the day and you can see the context and relationship down here This liquidity down here it traded and we see this move back up And here's the move back down into this area here at 60 and they're they're lined up in the book here Previously at 60 and they're here again at 60. Okay, so this is turning into an interesting area here Did they transact? Yeah, they transacted look at a big red dot into that by liquidity right there Okay Here come the sellers again. All right, look at this area up here see the exhaustion see the sellers Let's see this. Let's see the sellers now. Take it down to 55 Okay, that would be the scenario All right. Now. What if that doesn't play out? What's the opposite scenario? Okay, there's our 55 already. Okay, and You know still looking for 50 here in the bigger picture But we're gonna go through the different scenarios in here Okay, so Again, we just what we just covered Okay on This area up here and Understanding the order flow up in here and those sellers coming in here not enough buyers up in here Okay, the same thing just occurred right here almost Exactly the same pattern Hey, it kind of broke out it failed it retested Not a whole lot. Look at the sellers come in here Here and here. That's why we were looking for 55 All right, so again, it is about understanding the context Here in the price structure in the context of the volume and The heat map in here. Where are the buyers and sellers in these areas here? We're seeing a lot of a lot of these buyers on the bid in these areas are getting filled Is it profit-taking on the higher, you know time frame or are they buying? You know for for entry. Okay, we don't know that all we know in all we don't have to know that All we have to know is is understand the context here of when if they're gonna stay in here And they they start to absorb all that selling pressure and when buyers start to come in Okay, and you can see that they're starting to a little bit in here Okay, but it's not as strong as these moves here All right, I don't see the same amount of buy volume as I do on the sell volume here All right, so this is the price structure to look at Okay, we'd need to see buyers a lot of buyers come back in up here to reach back up to 59 or 60 Okay, we might we might get it Okay, we just had exhaustion here. In fact, maybe we'll get it right now. Let's see. I'm looking for it actually because I don't see sellers here Okay, so I'm looking and I do see buyers coming in so I'm looking for them to test that where these sellers came in and drove that market lower Okay, understand any questions on that. They understanding that context in here. All right I hope I hope that is helpful to you guys. So here we are our test back up into This this level in here All right, and we saw it quickly Right, and you we have to see it quickly and the time frames were covering But you'll see this on the higher time frames, too It is exactly the same market mechanics that unfold and see how we read that in here See how we had exhaustion here and we found buyers Okay, well let them come up here and test where these sellers took control of this market and moved it lower And now there are even 260 and above it here All right, and they're still buying okay next level is up here then okay at at 63 Okay, now let's read this order flow in here That doesn't give me a warm fuzzy feeling that's gonna come up come up and test 63 now buyers here No buyers up here Lack of buying look at that heavy selling Okay, so now I'm looking for another scenario here selling down here, and then maybe the move down to 50 All right, this is scenario now Okay, and we're gonna look for what will make that scenario more likely a lack of buyers up here Some sellers at the bottom of this little range in here at 60 if I see a big sell dot I think we're gonna trade right back down to about 58 and a half And then we have the potential to break it and then trade lower All right, that's the scenario and it's not unfolding that scenario is not unfolding right now All right Hope it helps Let me get to some questions in here Okay, we have options expiration today You know it's been what it's quad witching and all that kind of good stuff So we're probably gonna see a lot of here here our scenario see our scenario now okay Let's a quick retest back up here. See now this little area right in here could be an area for potential entry Okay, because the same idea holds true in here. This would be your entry. Maybe your stop is up here Your target is down here There is a potential set up Okay, so now we're looking for again sellers in here at the bottom of that that Range in here and then for them to break it. Hey, there's some exhaustion not bad Looking for our sellers now now now look do if we get buyers back up here Do you have to take a full stop out? No Don't don't take a full stop You know if the scenario is not unfolding Now look this gets into trade management, but it just makes sense in here. So see the buyers here Exit Now this is not a trade recommendation Okay, you can always get back in if this scenario is maybe we see this a lot like this will this will break here You'll see the buying or the selling here. Okay, you can get back in Okay, it'll a lot of times you'll see the market retest these areas And then this that it just exhausts out and then the sellers come back in okay, but see how you you you You're looking for something that has the potential here And then you're looking at the order flow to give you insight to that direction here again This is another one right here right now Okay sellers here is what we're looking for because we exhausted out up here looking for the sellers here Looking for these guys to pull and then looking for that move to drop just like this All right, so How to protect yourself in these scenarios Okay, we're looking for it in here. Okay, maybe a small stop From 60 on up to I don't know We saw them starting to come in here. So it's a 61. Let's say a point Okay, we're looking for it again in here Okay, so Entry would be in here stop would be yeah, I don't know up here You know play place it up in here, but you you can manage it aggressively but you're looking for the follow-through to the downside and then We're looking for the bigger move here right down into 50 here. Okay now How do you how do you protect yourself and take some along the way? Okay, so we caught the move Now this is all hypothetical. Okay, this is not a trading room. It's not a trade recommendation so They call it triple witching I thought it was quad because you got you got the Anyway, yeah, I don't know Anyway guys here here. Let's get back to I'll get back to you Jack The here's our move look guys. I mean, we're not making this stuff up We read it up here. We read the auction and we're looking for the move. Okay now Protect yourself again. Like this is all about risk management in here And how do you how do you deal with that? That's a whole nother thing and that this and it is so essential to understand And protect yourself. So I'm going over some Examples of that in here. Okay, so for example, I like to do this I like to front-run this and get out here at least partial profit okay, maybe more and Maybe maybe just exit the position altogether now. This is trending down pretty strongly So actually, I'm kind of looking I do not see a stop run in here yet I'm looking for the stop run below that and then maybe I would get out Right. I like to front-run though But I'm looking there's our stop run, right? So I would I would get out here at this point Okay, at least on this time frame here. I would okay Not I haven't looked at the bigger picture yet in the bigger candlestick chart yet But in this time frame this did everything I wanted it to do it. I have the stop run here I'm out Okay, I will I will look for another set up at this point Okay, so here it is like 40. Let's say let's say you got out around 48. Let's just call it 48 And then we're in here 60. Okay, there's a 12-point move And your risk would have been From 60 to I don't know 62 I'm maybe 63 something like that. Okay. Now. This is why I'm going through this in in some detail in here Again, it's not a trade recommendation these are just considerations In reading the order flow and how to matter no matter what strategy you're looking at like You know if your volume profile trader It's it's the same kind of behavior that you're looking for though in the auction And book map really really nicely shows this in the auction here Okay lack of buying up here selling coming in here We were looking for it earlier and we got stopped out for like a a point Okay, and we didn't take a full stop. In fact, I think we if we would have been in this still I'm not gonna I'm not gonna have it come up here to notice the way that I like to trade You know, I just Don't like to get out up here and then I would look for to get back in if I do see like a lot of buying in here I'd get out of the small one or the position here and look for a reversal trade or a reversal idea a trend continuation on the buy side here Instead of get a stop out up here and then this is like well, I'm too late to get in on the buy side So that's what I like to do But you know it that doesn't matter what matters is like just to read the order flowing here And you can manage this any way that you like All right, that's really important though when the rubber really meets the road is about the trade management And you guys will have to look into it and you'll have to back test it. You will have to develop that on your own Only you can do that. We can go over all these different scenarios in here and you can become an expert in Being able to identify these scenarios That's great. Now you got to make money out of it and your trade management is going to be essential Okay, and your account management is going to be essential. That's one of the reasons why this is not a trade recommendation room Anyway, it would it would be Irresponsible for us to go over a specific Trading style anyway. We're a platform. We're we're the we're the Artists tools. Hey, you're the artist you use the what the tools the way that you want like it, you know You were the paintbrush You guys are the painters There are many different styles to painting right the analogy holds true here in trading It really does All right now, but let's take a look at the seat now How did I know or why did I want to exit down here at 48? Let's talk about the behavior of the participants Okay, first off, we're in a downtrend and we know sellers are in control And then we're looking up in here and we're looking for where those sellers might take control again And then we're looking for our 55 target was our first one and then 50 was our second now So let's suppose we got out half at 55.  Let's cover this cover the stop run And this played out really well Okay, so I mean it did it did what we were talking about why Why would why was I why was I looking at this down here in the stop run here? Okay, and then exiting It's because I'm waiting for I know the high liquidity filled in here and typically I like to front run it I just didn't see buyers come in Okay, so I know that anyone that bought up in these areas like we're gonna see a stop run down below here It's the figure if you go back and you do your back testing You will look at the figure here many times over and you'll see exactly this Okay through the figure through the high liquidity here And look for the go go back and study the amount of points in here as well Okay, this is where you're really gonna start to understand again price structure When you when you start to do your back testing in your studies Is the move through here the stop run then do we get buyers on the other side? Look where the buyers came in okay above the selling. We're not making this stuff up Okay Stop run buyers come in back up above the the figures is here as well They're buying back up above 50. Where are we looking for them to go? I would say the first level is probably here Maybe here. Okay, or back up to here. All right, where we entered Because we knew sellers took control This is where the buyers are gonna go after and trade back up into here and we'll see like are they gonna defend it up there Or not again, we're talking about the behavior of the participants. It's not a math problem here Okay, it is an auction Scenario and understand the participants and what they feel about the auction Okay, look at that right to this this area in here based on the price structure And we look for the same pattern yet again up here here would be your entry Well, maybe in here. Maybe you got caught up in it But you'd get you you'd look for it again in here Okay, look look how they already retested back to it All right, this is why you want to consider Protecting yourself and taking some profits in some of these structural areas. Hey, we talked about 55 over here Here you'd talk probably about well either this one in here Hey, where these buyers came in around 51 So a small scalp from like 54 to 51 or you'd be looking at in this little area here where these buyers came in Okay around 48 48 look pretty good and look where they came right back to it here to this 53 and a half All right, so anyway The behavior in here in that stop run, you know highly critical getting filled look for people to to give up capitulate and look for buyers to come back in and take it back into these value areas and Retest the sellers in here in these areas. That's what I'm was looking for in here And that's why I was looking for a stop run and then an exit. So in here. I'm not using the stop run For some sort of buy or sell signal I'm sorry as an entry signal. I'm looking for it and anticipating it to to optimize my profit-taking all right and Look again sellers yet again coming back in looking for 41 40 here if we can get enough sellers in here All right, let me get let me get back to some questions in here. I'm sorry guys I would kind of let the the questions stream right through here So that's not good. Sorry about that Looks like we're good over in discord. Thanks very much Rob for for posting some of this stuff in there and let's take a look here. All right All right, let me sorry guys. It's just getting getting these questions in here. Um Yeah, yeah, yeah, Jack. Maybe I can give you the wrench Maybe you want to you can help out in here if you want. Can I do that? I have to look into that I can put you in time out. I don't want to do that Okay, let's see good morning pep We have someone in here. Good morning Christina new to the new to Oh, yeah, yeah, and figuring out money referred you over here. Yeah, excellent. Yeah, nice to see you guys in here Welcome So yeah figuring out money, I mean like he has his very specific way of trading Right and he's going to be able to apply These order flow concepts in here directly to it. Okay, so Anyway, today is pretty you know pretty easy day for for calling It's not a calling room in here We just want we want to read this and understand what the outcome is based upon our reading and and you know down in here like yeah, you know I I'm looking for those buyers. I just didn't you don't see him and then you see the sellers in here again I'm looking for them to trade to 40 41 All right, let's let's let that play out and let me get to these questions here. Yeah, thanks Jack Can explain a bit about how the heat map colors work? Yes MD 9 heat map colors are very very simple. Ah, yeah, I want to also cover a new new Feature in here really cool We'll go over that in just a second here. We just launched this yesterday, so excellent stuff in here It was highly requested by some professional traders they really wanted this feature in here, so we delivered and Maybe you guys get something out of this as well All right, so Let's see. God, where did I leave off here? Can I explain a bit about the heat map colors? Right? Heat map is very simple. Okay It's based off of the current order book or your your dome your depth of market Which shows the number of contracts per price level your dome is showing limit orders That's all it's showing Hey, it's showing liquidity where traders are lining up to buy on the bid like the majority down here 330 at 41 and 284 down here at 40 Okay, that's that's it all we're doing in the heat map is taking that number This value here and painting it into a heat map a graphical representation of the liquidity and The the colors are up here I'm gonna just gonna brighten it up for for the demo purposes red and orange very high liquidity Then yellow white blue and then black is the least amount of liquidity Okay, so let's go back down and dim it again I like this view that the halfway point here It gives us some some insight in here and Yeah, see I'll cover this in a minute why we didn't trade back down in here. We probably will but you know We'll talk about it a lot of times after trading through a lot of these big big areas in here You'll see a lot of this is profit-taking. I feel That we're looking for when we started this webinar here They're gonna take the profit in front of these levels in here Right, and then you can see then you'll see some stop runs to start to kind of emerge from that before we you know Typically in a strong downtrend, you'll you know you get you get all that and then it'll just it ends up trading back down here and through there anyway All right, so that's the heat map. I think MD9 that Helps you but what is interesting about the heat map in book map is We record everything in here In the heat map From the activity from from the limit orders So in your dome, you just see the current market these numbers change and you don't know what was there before In the heat map, it's all graphically represented here on the chart and recorded So this is where those larger players started to come in and provide this high liquidity here It was back here And we can look at the time use the data tip tool back here at 1034 okay, and we're approaching 1050 right now Okay, so 1034 and then 1046 around here is where we just traded shy shy shy of it here So you can understand the behavior now And we're adding this second or no, I'm sorry this third level of context now Okay, or this other level of context in here It's the relationship of these orders in in the price structure and the volume and we want to understand that in the auction Okay, look at these guys coming in here. They're just about to trade Hey at 52 Okay, here come the buyers Now the question is is this the context question here do they trade and If so, how much do they completely stay in the book and then the real context we want to know is what happens after that? Is there still more Aggressive buying pressure here. Well, if there is they will trade above this 52 level here Okay, if there's not and we see exhaustion and it maybe explores above here But we don't get more buyers and we get more sellers down in the bottom edge in here We're looking for the move back down to the liquidity down here Okay at 47 and a quarter All right, so this is again that context in the auction here that we're talking about Look at these guys these guys came in after this move started to climb up And now see how they're pulling now actually they're pulling and kind of adding Back and forth in here in these little areas So we'll see it see other adding a little bit more now down here Now again, what's the context in here? They add in here, but what what what happens with? What's the reaction to? price here Do we find a ton of sellers interested in going after this? Let's see right here. No, I don't see them I see buyers now do if we get buyers here. There we go. There's some sellers Now we're not getting much of all sellers here buyers here, okay, well nothing do nothing no clarity here about setting a direction Okay, so just stay away Okay, we're looking for that direction Okay, I still like yeah, I see some sellers here starting to starting to hit it hit hit the bid And now down to this lower area here I don't know though I see a lot of buying in here and if it exhausts on the on that sell side Then we're going to see a move back up here now. We're getting our answer and so It's traded back down here And They're just selling is there's just a lot of selling pressure here. Yeah, so now I'm looking for them to trade into 40 and 41 Okay, I would I would have stayed away from this one In here it didn't it just didn't look too clear to me Hey, some of the other ones look better It's almost the same pattern though Almost there's some of this buying in here is kind of what tripped me up. I think and I just didn't know Whereas we had before we didn't have buyers up here Okay, and we had stronger selling in this area here Okay, we had not quite as strong selling here is where it really picked up Right and that's when I kind of know and and we're also below these where these buyers kind of initiated in here Okay around this 47 level And that's where that's where I'm kind of seeing it And that would be a little late to the party all right So that answers that question about the heat map uh and starting to understand that context in here Okay, so that's what it was 2020. They they removed the futures stocks So it's just triple or quad triple witching. Yep The single stock futures. Yeah. Yeah, that never took off Here's a good idea And it's a great idea instead of training options Um, Christina, how do I notice it's a stop run there? Okay, so this is kind of an important question um We have a a couple of indicators in here. Let me clear the chart again Um And now this is a very specific indicator package, but What I mean to say in here is um It's very specific to futures and rhythmic data. Okay, it has to be cme group futures Uh, and uh, it has to be rhythmic data Uh, this is something that cme offered. Um, like about about five years ago It's called market by order data And it is metadata Where the orders have more information attached to them Okay, and it allows us now that wasn't there They did not really want us to See icebergs and and stops Uh They wanted to see position in q that was their whole goal Was you can see the orders in here now and and the size of not just the liquidity at each price level, but the orders as well Like how many orders? There's a hundred ninety five up here, but it could be like three players, right? Or it could be a hundred ninety five players We don't know we do know now with market by order data Okay, so it will tell you, you know your position in q uh, and um Through some of this and the iceberg uh id tagging we're able to extrapolate Uh and understand when stop orders are being triggered and when iceberg orders are also Uh transacting That's uh How we know right now the beauty of the stops in icebergs is it is extremely objective. It's just fact Okay, there's no kind of interpretation of it. We're and we're just showing factual data here In fact, that that's one of the the things about book map that Most professional traders really um enjoy Uh is or really really like about the platform is it's just showing the facts Okay, it's showing the aggressors. It's showing the price structure. It's showing the liquidity It the interpretation of it Uh and understanding the behavior in the auction is what gives you the insight and that's something that you have to bring to it Okay, what we're showing here is just factual data Uh stops and icebergs are a part of the the market and we can show that uh with the mbo data All right, so um, uh, anyway, if you if you're interested in that I can show you more about it here Go to let me just show that go to book map dot com Uh and then go to um More here and you can go to our book map marketplace and you can go to mbo bundle here Okay, and you can read about it in here. It's this one here We have the trader map pro and mbo bundle You can read about it in here and you'll read see what you need here You need to have rhythmic data and it's only with cme group futures All right, so it's it's important All right, and it's sold separately here because it's so exclusive to those traders will not work with stop uh stocks um, there's a couple of cryptocurrency exchanges it will work with but uh Anyway, that's um, that's that um the uh It will work with global or global plus that doesn't matter Okay, you just have to have rhythmic it has to be cme group futures All right, let me continue on here Yeah, thanks alan that helps out Nice jack. Okay. Yeah you the consolidation and then and then the uh looking for that book sweep Uh, and then the stop out run. Yeah Yeah, exactly Okay, christine. I think I answered all your questions there uh on the stops in icebergs How do you anticipate aggressive buyer sellers? Uh, uh, yohan, this is this is how um is see this strong move right now on the buy side I'm looking forward to continue until I see something else. I'm looking for Since look at the sellers here. Do I see sellers? No Do I get some buyers up here starting to? Then I'm the scenario right now is I'm still looking for buyers and I'm looking for them to carry it up into 56 or 55 here Okay, now look look what happened now Right, so that just the whole plan now. I didn't know that was going to happen Okay, the whole plan is disrupted totally disrupted Hey sellers came in hand over fist here Okay, so now I don't know what Now now i'm actually looking for more sellers here and then the trade down to this 48 and a half Okay That's what I'm anticipating it based on what what I see in here in these areas in here Okay, so see these this is what's happening right now Someone came in and it was a larger player Uh, we can we can look at specifically at this and and and show you that this is a larger player Because it's not a stop run in here. There's not many stops in here. This is a larger player dumping Okay, there is a stop run a bit Okay, uh, but um, uh, they're just coming in and just saying market sell hit market sell Uh for all of these contracts in here Now let's let's actually add in the stops. We can see exactly how many um Our stops Okay, I'm adding that in and then I have this threshold down here. I'm gonna Deselect it Okay, so 42 of these all of these see all these orders in here Or all these transactions in here. They're I don't know how many are all all together here. You'd have to add all these up There's hundreds 42 of them are stops That's fact Look how they these look where these 42 transacted see the little red line in here It starts here and it ends down here. It went one tick That is your stop run here. It's only one tick wide um, but uh Or two ticks, okay Uh, but what happened was a larger player came in and said market sell And they had a lot of contracts in here A lot of a lot of selling power And they moved the market. They swept the order book down to here they basically Market sell for like if you say market sell up here for like hundreds of orders Okay, you're gonna sweep through 50 50 53 50 63 You know until you get down to the area Where you no longer have any orders left you've you've swept through all these areas here This is how the market mechanics unfold. It's just how the market works Along the way there might be people that have stop losses in here Okay in the order, um Uh Of executions in here. Okay Uh order of operations in here this player first will sweep the book Second to that there stops in here may be being triggered at any of these price levels Any or all of these price levels along the way And they get stuffed and they get filled down here So when you get slipped and with by your stop order This is what's happening Okay, and this is what unfolded down here and there's 42 of them So 42 poor souls or however many souls we don't really know we just know there's a Volume of 42 there That's what happened and this is where we saw that behavior a few times Okay, and it this initiated now we can we know now it initiated the move lower. We just saw it But we're looking earlier. Well, I'm looking for more buyers I'm looking for more buyers and then all of a sudden. Uh, wait a minute. No, I'm not now I don't know what to do right now Okay, and then I'm actually then I'm looking for well, we can't get back up here We're looking for sellers to trade into this 48 50 because that's where the liquidity is Okay, and then that that did unfold All right, so that's now we're talking we've been covering. You know the um The aggressors uh and understanding the aggressor activity in here. Okay. That was a that was a unique thing to see in here Um, we see it a lot You'll see it all the time but uh They usually try to kind of just you know, you you'll see a lot of larger players not dump like that um And if they are dumping like that it is typically selling that is true, but this disrupted everything On this move to the upside here Okay, so let me deselect these here This is where it all initiated right here Okay, no doubt about it That's where this all started and it it turned the market This larger player behavior in here and this case Turn the market Right and then more traders more traders more traders Okay, and we're now we've we traded down to this 41 level Okay, and still looking for it to go lower Here's another one right here. Okay, so the scenario is do we see buyers back up above it right here where these sellers came in, right? Yeah, a little bit. So do nothing. I'm not looking to do anything here. Okay, so Anyway, do we see do we see uh buyers back up at this level here? I see them pulling liquidity and I see aggressive buyers coming in Okay, so yeah, they're it does trade it It does trade it Okay, now now i'm looking to see maybe we see that that larger player come in and dump again Okay, so we've already traded back down here Okay, let's see if we get a pullback here and a lack of buying up here at 45 No, we miss it. This is one of the things about pullback trading that you know It's just part of the gig Okay, we might get it now. Let's see if we get the pull back back up to here Yep Right to this low volume note now. I I just I just don't like The pullback, uh, I see buyers in here Right relative to these sellers in here and I don't like it So I would do nothing This is something about pullback trading. I you know kind of struggle with If I did not see the buyers like this in here come in then it would be a lot clearer to me Okay, I'm looking for Strong selling on this side and I'm looking for weak buying on this side That's where I can get clarity and now I'm looking for sellers here And then for them to drop it down to here They almost on cue See, you know, this is see how it's jumbled in here and this is how you have to protect yourself from these site types of things You know, if you like okay, yeah market sell, you know, I'm looking for the move But protect yourself because this happens a lot You know, this is why I I'm looking for this to move right here right now and if it does not It wasn't meant to be get out Right, uh now tested back up here again We we can get the same setup in here Okay, so let's see. Here's a little bit of a pullback Hey, look at this heavy liquidity here on the offer Now so do we see a lack of buying or do they trade into that? No, they trade into it All right. So no, I'm not looking for this the sell at this point There's still more buying pressure above it. In fact There you go Right. So again, like although I didn't see um Uh My setup in here Okay, it kept me out of it Okay, so like keeping yourself out of a trade um, I feel In this my opinion, uh, is As equally as important as something that tells you to get in Okay, that's that's when you really know your setup. So I think I'm all getting caught up here In the questions Yeah, the tape doesn't lie. Yeah when when loss or or rug um Yeah, well, I'm glad I'm glad that helped you with your setup. You saw the weakness excellent That's just excellent. This is this is how to use it exactly This is how you get value from it Uh, yeah, we can use a tony. We can look at the pointer. I use the data tip tool I I usually like to see the um It's a little bit noisy for me. Uh, I know a lot of traders. They have it on all the time though They really want to look at this in here um, but for me it just kind of um Of obfuscates the the chart here. So I I can't really See the uh Price action. Oh, yeah, here we go. Jack.  Yeah, I mean What we want to understand is is is the the behavior of the of the traders It's it's not some, you know, sort of mathematical puzzle here Uh, we want to know like what's going on that that's what's going to give us some insight So in fact, that'll segue nicely into uh looking at candlesticks in here. So let's just cover that Uh, and uh, we can look at this One minute five minute whatever uh candlestick. Let's go to the settings. Let's look at a five minute for now Okay, uh and start to read the the order flow here first in the candles. All right, and then we'll get we'll get to the um Uh order flow in book map Okay, and what I mean by order flow is more about price action, uh, but the orders within it Yeah, gary gary. There was a Webinar yesterday with gary, uh, nordin who's a expert. Um trading the dome He's a floor trader And has a method for trading the dome He's looking for very very short-term trades though like in several of them And he considers order flow to be about the order book It truly is a very specific thing And uh, yeah, it's kind of like I kind of You know the the def I'm maybe abusing the definition of it. So my apologies on that but uh, I don't know I'm just maybe it's the the trade activity Uh But it is order flow here though like these are the limit orders down in here. We know their activity uh, and So I'll have to maybe Breach that one with him That is funny. What how can you find icebergs? Well, you know, you can find them at the north pole. That is pretty funny. Um Yeah, we're talking about supply and demand or support and resistance.  I I just really care about what happens at these levels Um, so I think jack is talking about that Lots of lots of comments lots of lots of great stuff in here. Um A good discussion going on in here in youtube breeze interpret the lower bar lines in the cvd Okay cvd is um an interesting one. Um, I'll cover that I want to go over these candles though, and I don't have too much time here Um, maybe we can wait for uh, another uh another day for the cvd Maybe I maybe I'll just go over it very briefly Great discussion guys. Thanks jack. I'll give you the timeout tool. Yeah um All right, so okay, I'll go over it briefly in here because it's a really popular thing But it it helps visualize the order flow as well Uh, take the candles off for just a minute. Okay um And cvd is such a simple instrument or um indicator It is just showing by minus cell of the aggressor Now look at the cvd in here Okay, it is by minus cell plotted over time Uh, now we see a lot of heavy selling in here cvd did did drop. Okay did go to a lower low Here it did though Here There's your divergence Okay, look at cvd drop here But here's the low in price action Okay, here's the low in price action here Here's where the cvd. It's right in right in here. So it's this area. There's your divergence All right. Now. Why is it divergent? And this is this is where I where I think cvd gets kind of complex Um, or you know doesn't offer as much insight as we think Is because we can we know is going to be divergent Uh, look at the buying in here. Look at the selling here compare these two There's more buying here and there's compared to the selling here There's more buying in here compared to the selling in here Okay, now the selling really picks up in here And and it did drop to a lower low All right, however, we know is going to be divergent because there's You know or we're starting to see that more buying in here. Okay now Because of this and there's more buying in here and we get buying at the top edge here Your cvd you'd be looking for the move back to 60 Okay, or back up to here the same ideas and concepts we were talking about earlier Okay, the move would be back up to about 59 or 60 Because we're getting buyers here and we know we're leaning on the buyers in this range in here And there is our cvd Okay, and then look at our move here. It's already panning out And I'm looking for it to still go higher Okay up to 60 All right, so that's how you can use cvd Uh, but again, it's understanding the strength of the moves in here You don't need to to lean on if it helps you great Uh, but just look at the the graphical representation of the buyers versus sellers in these areas in here Okay, uh, and then we can we can anticipate if there's more buying up in here Likely the buyers are going to be able to push this higher. There's not enough sellers in here Okay, so uh, anyway, that's uh, that's cvd I want to get to the candlesticks. That was going to be the theme of the whole Do I look for the ib low to trade, uh, you know, peter i'm not i'm not big on the the the the initial balances I don't really look at that very much I understand the concept but Uh, the I actually I'm leaning on that that same exact concept Um In these smaller moves What is the initial balance? It is a volume event Okay, here it is here the volume event is well 9 30 is actually kind of funny Uh, the uh, it precludes the um The buying is actually in front of the 9 30 cash open Okay, but 9 30 to 10 30. What's the balance? Okay of all of this in here, right? So it looks like more selling Uh, the selling really picked up in here and it's probably you know Skewing all all of the uh buying or this price action All these transactions up in here All right, so it would be setting up for maybe a trending day but We're getting our kind of mean reversion traders right now if that's the way you want to look at it Uh, anyway the what what I look for instead is that the concept of the initial balance is very simple All of the buying within this period right or all of the transactions within this period Okay, well, what if the period doesn't really tell you too much? Okay, like I don't think this period is telling me too much to be honest Okay, and uh, here's here's why Because what all of this volume in here like I care about this volume I care about this volume in here The concept is the same I'm caring about it's a volume event that I that I'm looking at In in this case. It's a time value of one hour for your initial balance Instead here. I'm focusing on who's moving the market and I'm looking at that volume event All right, so I'd like to look at that Um, that's my kind of style Okay, so you volume profile traders like like your initial balances, etc um Whatever, you know If it whatever helps you, uh, like, you know, you could you can look for You know the potential mean reversion trade Right now, you know, and that would be back up to Well, I'd be looking up up here. Uh, it's not a bad idea Uh to 7750. There's a big high volume node up here I kind of like it in here Better I see this big bar here and I see this structural area here around 72 Which is in front of all of that kind of average trade or You know average of trading activity up there Okay, so now look what happened down here when our our big move here, right? We saw that the Um God, I'm not going to get to candlesticks. Sorry guys. We'll cover candlesticks. Maybe next week. I'm sorry I really wanted to go over that was what I Wanted to focus on we went over a lot of other good things though So, um, we can always put that in the back pocket and do the uh go over the candlesticks next time All right. So, uh, anyway, uh, what are we seeing now? All right, so we were looking for the move up into here Right or here 59 to 60 Uh, and it still may play out Okay, but it's not looking too good now. Uh, it's uh We were looking for that move because here come the buyers and we had a divergence in here out of this whole range in here And we knew there was more buying than selling Okay, so that's why we're looking for this here now Again, we can look at these areas in here to Manage now. This is about trade management Uh, would be to maybe consider taking profit at 56 because there's high liquidity here Right right there. Okay. Now. I just drew right over it All right, there we go. So see and see how They they stayed in the order book and we didn't get to we got some buying above it But we see sellers coming in slamming on it again Now this is interesting. Look at this Looks like that same player in here same behavior Okay, and we knew that moved the market. Look at this. They're dumping dumping Right. I don't think we're going to 60 now Okay, this these players we saw it earlier And they're doing the same thing again Or the same type of activity. It's also here a little bit. You can see it Okay, there's some buying fighting it in here and in here Okay, but you can see who's winning the battle now Right. So this was a a breakout and we wanted to see continuation of it. We didn't get it Hey, it only did this uh In terms of a measured move like I don't know not even half. Would it be about half? Let's see This is from 53 to 42 and this is that's uh Uh, let's just say that's 11 points. This is like uh 50 Let's say 52 to 57 5 point. Yeah, it is about half Right. So anyway, um Yeah, anyway, I think that's kind of meaningless, um It's the high liquidity here that has the meaning Okay, so now now we're seeing that the sellers come in hand over fist Okay So looking for a 40 level here Okay, now I'm looking for 40 in it more than more than ever right now And here's why Okay, because we have the move up here And we got you know, maybe some buyers trapped in here who we're looking for our stop run down here Okay, so look when you see big moves unfold look for this kind of behavior in here Okay, so this this move to the upside failed But think of all these buyers in here trying to catch the bottom Think about where they're going to get stopped out Hey, we already have some stop runs in here, but we didn't get a big one yet. I'm looking for a big one All right, that would be the scenario Oh, I'm sorry. I'm looking at cvd. Let me get the stops here Yeah, so there's a stop run Okay, we also see a lot of iceberg buying in here And they're probably covering I love answering questions in here Well, yeah, I mean, I like to get you guys questions for sure. I I want to get your your questions and You know just provide as much as much as we can to it for you guys So anyway, yeah, so sellers sellers starting to take it again now, you know, look I thought we'd trade right down into it. We're seeing a little bit of profit taking but I'm still looking for the move to 40 And and then potentially through it. There we go. There's our move to 40 Okay, now I'm still looking for it to go Um, and I'm looking for a big big stop run here. I really want to see this unwind now And this is why it's because of this all of that buying in here again understanding the behavior of the traders If there's buying in here Okay, and then this buying move fails Look for that selling and then look for this pretty strong move now Okay into these lower levels this mean reversion trade it's not looking this idea that concept was here It's just totally failing And now basically And I didn't see it. Let's just take a look at it in hindsight now Okay, so I'm sorry about that. I didn't I didn't see it Until later I we saw this this trader behavior in here dumping again and again Uh, and there was a little bit up in here. I think or was it here right and Yeah, this this is they're still fighting it in here Bines still trying to come in here. This is where they're they're just doomed Uh, once you start to see that selling come in here It's rather doomed They there's just not enough buyers in here. They're making lower highs in here Even all of this buying in here is still a lower high. It can't even get back up to here And that's a lot. That's a lot of buying in here and so uh Again understanding price structure Okay, and then understanding we're The the the transactions and the liquidity within that price structure Okay, and that's why we're looking for the move lower here. Okay into 40 and through it Okay, I thought we get a quick one down into it. It pulled back a little bit and then went back down lower Okay, so anyway, that's that uh, let's see, um Uh, peter can look at the nq. I yeah, I do have it up here. We can look pretty quickly at it. I think um Let's take a look Yeah, it's doing the same thing in here Down to 1200 600 Okay, should see a nice beautiful stop run down there Uh, I don't have stops up Okay, well, this is This is a this is another thing to look at For another day Peter you're bringing up a really good question and we have this tool called market pulse that you guys should look into um It can offer quite a bit. Oh, we do have it up. Uh, and this is looking for um The um Correlated markets and the market activity in here. Okay with volume pressure And we can look at this in here Uh, and we can look at correlated markets and see when um Oh, that's on the age contract. That's not going to work. All right. I'm not set up for it right now We'll go over it. Uh, maybe next week. Uh, but uh understanding the correlated markets in here is going to add even Higher probability to your move Uh, or your your potential setup Okay, so look for um You might There's a few different ways to to look at it. You can either pop this out into um, you know another screen Uh and look at your markets, uh, or use use this market pulse tool Uh, but this is where you're really going to see like some you know, uh Get even a deeper understanding because if these markets are correlated here and you can see which one is, uh leading or or Following uh start to understand that uh dynamic is going to offer you so much more I mean, we're we're when you really boil down to it. What are you trading? Uh, and that's that's a bigger picture concept here Uh, you know, you're you're trading the stock indexes Uh, but to what? Right, so well, what does the other stock indexes have to say about this?  Uh, well, you can look at maybe, um Look at uh euro dollar. What's, you know, the cost of the dollar, uh related to the euro Uh, how does that correlate with the stock market moves in here? Look at some of the interest rate products. Okay. These are probably the most telling of all Uh, and it is the cost of money Okay, when money is cheap stocks typically do well. That's what interest rates are all about uh, so, um When there's uh, you know, low interest rates, uh people borrow they invest And uh, you would Expect that the the economy should expand So understand your correlations if you can bring that into the picture here, you're going to see Um, you know and bring that into your studies and your setup. You're gonna you're gonna get Likely a much better understanding of really what's going on out there Uh in the markets and higher probability moves All right All right guys. Anyway, uh nice setup. Hey, if you like this video, uh or these webinars, uh, please hit the like button This really helps us here. So, uh We want to do more and more education like this for you guys as you as you know, we're we're expanding Uh, we have all sorts of other traders and educators So for example right now, uh, let me show you, uh, tom b is up next You can go over here. Uh, he's he's just started in fact, so he's streaming now You can jump over there. He's a volume profile trader Okay, and he'll go through, uh, how he looks at the market now This there's a distinction between me and him Uh, I'm going through, uh, a bit of everything Okay, tom has a very specific way of trading in his volume profile If you're a volume profile trader go there and check it out Up next after that, uh, we have spanglish trades. We have frank He's going to go through the way that he trades Later, uh, after that we have, uh, options with dug Doug has a very unique, uh, trading style, uh, and, uh, strategy I highly recommend you check it out. Uh, very very interesting, uh, and, uh, Can offer you a really nice, uh, edge In there go check it out. Uh, we have, uh, patrick wheeling He'll be, uh, uh, three p.m. This afternoon Okay, so, uh We have a full lineup here, uh, also at 230, uh, over in discord. We have the algal boys Uh, you can watch their, um, uh, pro trader webinar that we had last week right here Okay, so Guys, we have all sorts of stuff in here. Um, A robust community go to our discord channel. Um, and, uh, continue the discussion there lots going on All right, so, uh, it doesn't end, uh here and now So, uh, yeah, if you like this, please hit the like button. That'll help us Get some insight, uh, to what you like and what you don't like. Um Did I answer p, uh, peter Did you, you agreed on something it? Uh, I don't know. I don't, I, I lost you peter. Um, I'll have to get back to you next time. Um Um, okay So, uh, sorry about that. Um, oh, I did answer all your questions. Excellent. Okay. Yeah. Thanks guys. Thanks everybody. Uh, have a good weekend check out the next events, uh, and Watch your order flow Look for your setups and look for the the transactions, uh, and the order book, uh, liquidity in here, uh, to give you more insight Uh, I wanted to go over the candles. We'll do it again next time Uh, how you can read candles in the order flow. It's beautiful You'll be able to see what's inside that candlestick When you get your candlestick pattern, you will know, uh, if it's telling you something or not Okay. Thanks guys. We'll, uh, we'll catch up with you next week. Have a good weekend


Hey everyone, we're presenting SkyFloat, I'm Jo Kien. My name's Matt. SkyFloat, in short, will purchase flotation tanks or sensory deprivation tanks and rent them to companies and colleges. Yes, so around six months ago, Matt and I started having some lifestyle changes. We started with the paleo diet, which means that you have no sugar, no carbs, and mostly focus on plants and meat. We also started regularly going to the sauna and pairing this with cold showers and the Wim Hof breathing technique.  Wim Hof, using this breathing method, even managed to climb Mount Kilimanjaro in only running shorts. He didn't even wear shoes. I mean, we're not quite there yet. We also started exercising regularly by going to the gym and lift. And we also want to spend more time in nature, so we walked around and spent time outside. We also joined the Gustavus Meditation Club. We now practice meditation at least two or three times a week. And it's through trying all of these new, healthy lifestyle improvements that we discovered flotation therapy. Okay, so who in the room knows what a flotation tank is? Okay, and who's tried a flotation tank? All right, all right. That's exactly the response that we wanted. So, Matt, let's start from the bottom here. What is a flotation tank? A flotation tank or sensory deprivation tank is a pitch black soundproof tank in which there is water filled with 800 pounds of Epsom salt. This saltwater solution is very dense and it allows your body to float in the water with ease. The water solution is heated to the same temperature as your skin so that after 10 minutes, you begin to stop feeling the water completely. So, you're in this glorified bathtub, if you may. You hear nothing, you see nothing.   So, approximately around 50% of applicants of a survey reported direct decrease of stress in their life after their first use of flotation tanks and that's pretty incredible. They've also, users have reported decreased stress, anxiety, sports recovery, chronic body pain, better sleep, and of course, it's a great way to jumpstart your meditation. We really think that it's a great mental space. It's a great mental reference point as well. A lot of people emerge from the tank with fresh eyes. You've been away from external stimuli for an hour or so. So, when you emerge, you feel fresh and relaxed. 25% of people that regularly partake in floating have reported significant life improvement, real life-changing improvements. So, in the US today, around 18% of adults have anxiety and around 38% report annoyance or anger in relationship to stress. A lot of this is work-related and we want to bring this accessibility problem to people who are having a stress every day life and bring it to them, to their workplace. Another demographic who currently struggle to access flotation are people just like me and Joakim here. Flotation is currently very expensive. It's around $70 per hour. If you go to a float center where there are float tanks or you can buy your own tank, which is also just extremely expensive. So, our target markets are companies with big butts in their pocket who wants to invest in their employees. We really believe in them helping their employees is a way for them helping their own company. Better help and well-being for their employees, better well-being for the company. All right, so, we're solving the problem by taking it to you. You ask us for the service and we arrive at the float tank, set it up, do all of it and it could be any period of time. A company could have a one-day event for an employee to boost mental awareness for that day or it could be a nine-month period, academic year at a college. The idea behind Skyfloat is to bring floating to people that otherwise would not have discovered floating. We are really desirous of sharing the benefits of this wonderful therapy with everyone. Yes, so we aim to hit the companies, making them really invest in their employees and creating mindfulness all around us. Our second main target market is colleges. We think this is the solution to the accessibility problem for people of our age and we think that students are a demographic that can benefit from the benefits of floating around exam times. We think that it can decrease the stress of the academic body and we also think that colleges can use it as a great recruiting tool to say to potential recruits. We have the service, it's a state of the art. Our third target market, we have our community centers hitting the senior crowd in the old generation who are also of course interested and will be. So our main competition comes from SPOS that already today offer flotation services. However, there's no flotation service today that rents flotation tanks to colleges and companies for a short amount of time than just buying it themselves. Our other competitions include stress and anxiety busters just such as any relaxation span and the manufacturing companies of the flotation tanks themselves. We think that companies and colleges are gonna want to try before they buy though and that's where Skyfall comes in. So to buy the dream pod, state of the art flotation tank, we have our Iceland, it would be $15,000. And the price of this for our service would be a fixed flat fee of $1,000 when someone would rent their flotation tank which would cover installation costs, transportation and maintenance fees. And the maintenance fees would also be carried over to the 1,000 monthly payment our services would provide. So we have a tank that costs $15,000. Then we have the $1,000 monthly payment which is essentially pure profit after the flat fee. So we need 15 months of rental per tank to break even on the tank. We believe we can do this within the first two years. So we need 15 months of rental of 24. Essentially what we're doing, we're bringing together everyone who wants their speculative so you don't really have the time or see flotation tanks in their daily lives and bring it to you through your company, through your school and really create well-being. We really believe that well-being is for everyone and we really want to share flotation with the wider market. Thank you. Thank you. My question is purely logistical. How big are the tanks and how do you get them on site or on premises? Yeah, they're pretty big. We can move them with trucks. Imagine a porter potty? Yeah. But with a tank and not a porter potty. But that's it. If you can deliver a porter melty, you can deliver a flotation tank. What would they be spending would this all be happening outside? Like where a porter potty would be? Like come on outside for your bath experience or let us put it inside your dorm room or your company's relaxation room. Inside location we're thinking maybe health services, some spare room in the back. For colleges they could use their scores facilities as well and companies. They would take up too much room. They just need a room. Doesn't make too much noise. Well, what's in that? Are they standalone or they need to be hooked up to water or power? So they're hooked up to a filtration system. So there's two parts of the tank and we can deliver and install both. Sure. Is there maintenance between setup and takedown? No. You would need to be on site. No, we know. Have you approached any of the manufacturers to essentially become a value added reseller slash distributor? Not yet. We plan to.


Okay, so it says, your patient's oxygen tank reads a pressure of 52.2 millimeters of mercury with 10 liters of oxygen remaining. If the temperature of the tank is 98.2 degrees Kelvin, or 98.2 Kelvin, how many moles of oxygen are there left in her tank? So this is the PV equals NRT problem. So let's just write the things down that we know. Like you did. You started it out correctly in my bed. So P, well you got that right, 52.2 millimeters of mercury, but that's not the one that you want to use, right? And R, R is given to you right there. Just like in the practice exams, you know?  So PV, what was V? 10 liters, 10.0 liters. Temperature, 98.2 Kelvin. So that's in the right units, that's in the right units. And moles. That's what you're looking for. And R, you know. Let's just go to the front page just to show everybody where it is, right? 0.0821 liter ATM, and I've memorized it, so divided by one mole Kelvin, okay? So that's the way I like to write it, because it's the expanded way, right? So we've got PV, P, and R, right? And nothing changed, right? So we're just going to use straight up PV equals NRT, okay? So how do we do that? PV equals NRT. Isolate the variable. Which variable do you want to isolate? N, right? How do we do that? Divide both sides by RT, right? Cancel, cancel, cancel, cancel. What do we get? N equals PV divided by RT, right? So let's just plug and chug. Well, we can't yet, right? We've got to convert that. So do we got a conversion factor? Probably, right? Because I told you you wouldn't have to know that one. So it's 760 millimeters of mercury divided by, or 1 ATM divided by 760, right? So we'll just take 52.2 divided by 760, enter, and I get, I'll just do it in scientific notation, 6.8. 7 times 10 to the negative 2 ATM. Why? Because millimeters of mercury cancel up, okay? You can look at it differently. Okay, so now we plug and chug, right? So P, we've got, we just got, 6.87 times 10 to the negative 2 ATM. V, 10.0 liters divided by R, which is given to us. 0.0821 liter ATM, 1 mole Kelvin, and then temperature, okay? 98.2 Kelvin. And you know if you've done this right, if your units cancel up, right? So Kelvin will cancel with Kelvin there, right? Because this is on top, that's on bottom. This is on top, that's on the bottom, that'll cancel with that. On top, on the bottom, cancel with that. 1 over 1 over the thing goes up to the top, if you remember in math. That's what we got, 1, right? No units up here, no units there, only unit is there. So that equals the units of moles, right? And all we gotta do is plug in our values. So, got that, multiply it by 10, divide it by R, 0.0821, enter, and then divide that by 98.2, enter. And the number of moles, if you want to, I'm gonna put it into scientific notation. Well, I'll write it out normally, and then put it into scientific notation, or write it out what the calculator gives. 5, 2 moles of O2 if you really wanted to, okay? And then to put it into scientific notation, because that's what we do in chemistry class. But if you didn't, I would still give you all credit for it. So 8.52 times 10 to the negative 2 moles O2. So again, I'm convinced that you could do this problem much faster than we do it together, you know? Because we don't have to explain to each other everything, you know? I would expect that problem to be done in about five minutes, something like that, you know? I think that you need to remember that you need to convert this, that's the big thing. And then when you read the problem, you see that the problem doesn't say anything about things changing, right? So since it doesn't say anything about things changing, you just do pv equals nRT. Remember, if it changed, it would be pvp1v1 equals n1RT1 over e2v2 equals n2R over TT. Is that cool? Okay, so do you understand everything? Is there any questions on that one? Okay, cool.


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Welcome to the show, Lee is a neighbor of mine in Palo Alto. So great to see you. Also, you used to work at VMware. So we're going to try to get you to talk about all the dirty stuff going on and the good secrets that they won't tell us about. And Scott Detson, the famous entrepreneur.  Now, peer storage, heavily funded. Well, heavily funded. It's a relative term, right? Depending on how you look at the world these days. Hardware is expensive. Welcome to the startup panel. So we're going to jump right in. So we had originally on the schedule more studies, but our desk is a little bit short. So we're going to just roll through two at a time. So thanks for coming. So the first question we'll go right down the line. What's going on in place right now with startups? Obviously, last year at VMworld, we had a startup panel. I mean, a VC panel. We didn't have a startup panel. There wasn't a lot of startups that were kind of at a level where good funding environment, customer acquisition was going. What's it like today out there? I think the opportunity for startups in Silicon Valley today is outstanding. The breadth of innovation that I see is more than I think I've seen in my 20 years in the valley. And I think so much is up in the air, right? We've got cloud computing. We've got mobile. We've got open source. We've got changes to the storage landscape with solid state technologies.  We heard the super geeks earlier, Amar Awadallah, super respected in the PhD and basically virtualization in that whole world and the VMworld guy talking about system software. I mean, you look at the legendary company like Ulet Packard, disclosure I worked at for nine years back on the good old days when it was Ulet Packard. They're like struggling in this whole, what do we do with the PC division and autonomy, land grabbing. It's like they're groping to get to the future. And that's going on. Those are big companies, yet a whole nother inflection points going on in another part of the tech business which is emerging and like a thermal of growth. Amar talked about SSD and storage layer, talking about essentially system software with the cloud. What's going on? Lee, you've been around the block. Start us off on this. Come on, help us, help us digest the chaos. I think it's been interesting just to see how storage has emerged as such a key part of the critical infrastructure. You know, storage for many, many years is just a sleepy kind of back end, you know. I care about storage. Boring, storage. And I care, what's that, what's sexy? Well, the applications are sexy, right?   Well, in the last, you know, four or five years I think what we've seen is that storage is becoming a key innovation, a key differentiator for companies. The valuations, even while startups have struggled a little bit in an economic time, the valuations for storage companies have been phenomenal. Companies that get equal logic, compelling data domain. I mean, you keep going and watching. So, and then you're starting to see companies like VMware enter the mix. The VSA product, for example, right, is bringing a whole new set of innovation, EMC, with project lightning. These are initiatives that are showing that storage can be a critical differentiator for your company. Well, project lightning, is that like a real project or is that like an announcement?  They're the market leader. And they own the customer. So, obviously they're saying, okay, we got to go there. So, obviously project lightning is a commitment. And so startups want to nip at the heels of the big guys. So, how do you guys do that in this market? And obviously, this evaluation issue, sir, there's some funding going on, but there's a real opportunity.  So, how does startups compete and how are you planning on competing? I mean, Pure in particular, your product line, I mean, that's going right at the EMC and you want to go in there. So, how are you going to do that? Well, nipping at the heels is definitely the wrong approach as an entrepreneur.  And you know, the way we're trying to change the game is to make flash affordable. Everybody loves the performance and the green qualities of flash. It's power and space efficiency. It's just too expensive. You know, if you buy flash from the market leaders, you're paying typically north of $50 per gig and we're getting in under five, right? So, that transformation can definitely change the landscape. So, differentiation is on changing the game, not trying to run at their pace.   You know, I would say you want to focus on a market disruption as an entrepreneur, right? So, you need to do something and it can't be two or three X better than an incumbent because that's not enough to carve out some real estate. You've got to do something 10X better than the incumbent and if you do that well, then you've got the shot. All right, well, let's talk about that. Customer acquisition. Lee, you and I were talking on the phone prior to VMworld. You've been around the block and you've seen storage become storage. To storage is sexy. To storage is now a real enabler and totally integrated into the package with SSDs and flash. So, you've got a lot of customers. So, what are they saying to you and how are you going to grow your customer base? Is it going to be direct sales and same question for Scott? So, I think Scott's got a really good point about just the disruption element that you have. In our case, what we did is decided that instead of treating storage as storage only, we would treat storage and virtual servers together as a common platform. We have scale out storage along with embedded virtual servers. That converged infrastructure that we brought, we have over 500 customers today running converged infrastructure in a market where it's the video surveillance market and they don't even know that they're running converged infrastructure. These are ex-police department cops. So, your solution, you packaged up in a solution. We packaged it up and what they wanted was they wanted the value of saying, I've got a green play, I've got a management, I've got a higher availability and I've got a whole economic play by having all of this in a converged sense. We're now bringing that to the virtual desktop space. Once again, having a common platform by bringing servers and storage together distinctly different than anybody else. We look at Cisco bringing virtualization into switches, that's UCS or VCE, right? You've got VMware, obviously, bringing more virtualization features into the servers. We don't see anybody else bringing virtualization into the storage element. That's distinctly different. And so, you're a little bit more further along than pure storage is on the startup cycle.   How are you going to out muscle EMC, for example? They're a huge sales force. They got relationships with their customers, they're golfing, they're going to the Caribbean, all the stuff that EMC does effectively really well.  Do you change the game on the customer acquisition side?   I mean, you've got to, these are big decisions. They are neat. And again, if you're trying to out muscle the big guys, you've got really no chance of success. But what we're showing in our booth here at VMworld, we've got a 64 gigabyte LUN on vSphere 5. You can now make these large LUNs. We've got 1,000 VMs running inside that single LUN, and everything is performing sub millisecond onto and off of the array. If you were going to try to do, and this fits in for you, that's the storage footprint. If you tried to do that with conventional disk, you would have to have a much larger deployment. So build a better mousetrap, and you've got a real shot, right? As long as you're, if you've got a 10X better mousetrap, and then you've got to still mix it up on the business side. We are looking to leverage partners and so on to hopefully have success. Okay, so we're going to swap out, but I want to ask one final question. Okay, so quickly talk about what you're doing here at VMware, particularly to your startups, because obviously it's important, the ecosystem, and they're promoted. Last year they said $15 for every dollar spent. We'll go to the ecosystem. We're going to ask Todd Nielsen that if that happened this year, so we're going to get the data on that. But so talk about one, your role here, and how that's going to really propel and help customers. And two, what other startups can do to either get into this ecosystem or this marketplace, and what they should work on and how they should focus on. So let's start with Scott. So, in terms of startups getting VMware excited, I mean, you need to look at things that VMware customers are trying to accomplish, like virtualizing performance critical workloads, like Oracle, for example, or doing large-scale VDI. Those are two other things we're demonstrating in our booth. We found as long as you can deliver that compelling value proposition to the VMware user, you can generate a bunch of excitement. But that's the right way to get VMware excited is to go straight to the customer and do something that their customers can't do today with the conventional technologies. Okay, Lee, and your take on this is you worked at VMware. We find the same thing, right? Is that the bigger companies get consumed by maintenance. This is the hard part, right?  You really look to startup companies to go provide something that just can't be done outside. And so that's how you acquire customers. And once you acquire customers, then you become interested for a whole lot of reasons. Okay, I'm John Furrier with SiliconANGLE.com. We are the startup spotlight here with two senior entrepreneurs who've been around the block. They know what they're doing. You heard the message, get out there, deliver value to customers, and you can do it. You can change the game on the big guys. Don't try to go head-to-head with the incumbents. Change the game, take advantage of this inflection. Guys, thanks for-


Morning traders, Patrick Munner here with another Tick Mail Charter.  A nice little impossible pattern developing from the 8470 Lows. Looks like we potentially completed the third wave extension here. Some consolidation for the fourth wave low. I've got an equality objective versus wave one at 8610 that I've been looking for supply to commit to the market there also that would be the weekly R3. And I'm looking to be low on a three-way corrective pullback into the 50 to 61.8% retracement zone which will bullish reversal patterns in this area set long positions targeting the quality objective up towards 8680. As always traders plan the trade, trade the plan and most importantly manage your risk. Until next time, thanks very much.


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