Live Session – April 14th 2025

[00:00:03.15] - Speaker 1
All right, welcome everyone, to this end of day, kind of like the power hour of Monday, for this live session with Patrick. So given the situation over the last couple of weeks, we want to support you as much as we can. So we decided to open up live trading once a week for premium members. So we're very excited to be here for. Thank you guys for joining. We're just going to spend a couple of minutes on the disclaimer. Again, this is not financial advice. This is really an educational session aiming to help you guys leverage the data, leverage the models, and obviously help you guys navigate this market. So let's just spend a few minutes here, a few seconds here, and then we'll. We'll get started. You have a chat available if you want to send me questions, and then of course, if you guys also want to join and speak to us, we can promote you during the course. So we want to make it as interactive as possible. This is really a session for you guys, so let's make sure we answer all your questions. So please send them over and then. Yeah, Patrick, how was your day today?

[00:01:17.21] - Speaker 2
Yeah, good. Can you add Peter, Fabio? So I think he's also there. Yeah. Yeah. Good afternoon, everyone. So I was trading the first two hours, it was a little bit. I don't know, I was feeling a little bit sleepy. But after, at the end, we getting the move. So I know since the volatility from last week and the week before, everything now is feeling a little bit sleepy because we are, we are so excited about the volatility, about the price moves. So for now, I think we become a little bit more to the, to the old price action. So that's good. That's fine. And what you were seeing today. And I think, Fabio, this is the, this is really good. We are back. Back to the. To the old one, to the normal one, I think, because if you're looking to our NQ data, the one day max was holding perfect at the market open. Boom, we kicked the one day max and then here we go. We fall down. I can share my stream. No worries, champs. Give me one second.

[00:02:43.07] - Speaker 1
Yeah, I stopped sharing.

[00:02:44.04] - Speaker 2
So you have, you have a panelist on the zoom. You can switch from monitor to Monica. Fabio will sharing. I will sharing. And Peter's also there. Welcome, Peter. But welcome, guys. What I want to tell you is why I'm thinking we are back to normal today. It was working like, like the days before, the weeks before. So we're hitting the one day max during the open. We have our pre market Q. Q. Q. Levels it was working also perfect. We have to put support there converted and then boom, the market fall down. Going back to the high wall area to the one day min from the qqq and now we are back and see a little bit reservoir on the high wall area. So this is something what we always telling my Eggplus setup. Trading from the high wall level to the one day main or to the one day max. I'm a little bit late now because I was outside, I was taking fresh air to be fine with the session. So yeah, that's what I was observing Fabio and also really, really lucky and really funny what I was observing. If I'm looking to the options data to the volume, I don't know if you can see my screen from options, but you can see it.

[00:04:06.16] - Speaker 1
Yep.

[00:04:08.16] - Speaker 2
So yes, there was negative volume on 520. So they've been selling puts and the same call. So what this meaning is you can see it directly. I'm not good at options, but this means for me, okay, we can now figure out and stay in the range. So someone is playing around with options on the spy and that's something where I'm looking for. So okay, if I'm seeing there as the volume on the person on the calls on this area and they, they selling this. So that gives me a good idea how we can move. So what we can expect. So as the market comes near to the close we we can expect that more and more price moves, swing moves. So that's something what I'm observing at the moment probably excellence. What you was observing today, it was live. You were sharing your swing trading model. Amazing.

[00:05:07.24] - Speaker 1
Yeah, yeah, that was, I think that was a very good, very good one. And I think looking at the swing model especially also for day traders. Right. So even if you are day trading, you still want to understand if you're following the market. So I think the data from last week was pretty impressive that even though we were in one of the most volatile week, we were still able to give like really good accuracy with the, with the model. So for those who have missed, I'll just paste the link in the the chat if you guys can can go back and watch. The session we did today with Dan was really, really good.

[00:05:48.13] - Speaker 2
And we get the first question. So today is also the good opportunity for you to ask any questions you have because we are live in the market and if you've been seeing the price action, it's much easier to answer the question and be getting the first question. This came from Daniel, I would say Fabio you can answer this from the product perspective after this. I will answer this from my trader perspective. The question is still not get my head around how to use end of day data and intraday data. I'm an ES trader. I'm thinking of using end of the day data for London session and with New York open use to intraday data and consistently updated intraday levels and completely ignore the view end of the day data. Would that be right way or is end of the day data still valid during the day? So Fabio, I would say you go first from the product perspective and then I will give my thoughts on this.

[00:06:47.02] - Speaker 1
Yeah. So first of all, Daniel, thank you for the question. Very good one. So I would say that the futures end of the data is very, very accurate and I think I would always have it there. And basically we need to understand why. So think about when we look at trading. Yes. Or following the S&P 500, it's always important to understand that we have three assets that can potentially give us some idea on where the price could go. First is spx, second is spy and then third, you have the futures. Right. So we are providing you gamma levels on both the index, the ETF and the future. But there is a lot of value from the option data coming from the futures market. So I think I would highly recommend and Patrick, then you can tell me from a training standpoint to always use the ES end of day and then potentially add the intraday levels throughout the day. So and the reason is also very simple because most of the big institutions, they tend to trade at the end of the market. So they don't really day trade like, like we do. So the end of the data is going to be also very, very strong.

[00:08:02.01] - Speaker 1
So I would say from my standpoint, I would, if I were to trade, yes, I would use the end of day and then I would potentially add intraday, especially when there's a lot of volatility. But as you can see, for example, for today, like, I mean the end of day really worked really well. If we look at the ass here, you know, the price stayed between the one, the max and JAX one. So this was really, really good setup.

[00:08:35.22] - Speaker 2
Yeah. What I can add to this. So first of all, I'm typical, not an ES trader, but I am 100% sure what works for the NQ will also work for the es, especially for the levels I'm using very, very often the end of the day data because we become successful with the end of the day data before we have intraday data par view. There was no question. Before we have entered end of the day data. There was no question about intraday data. Correct. So and we was really successful and there was only few days when the market was completely crazy doing high volatility events and the levels was no more in play the pre roll gamma levels. So then we were thinking about okay, what we can do. And then you're getting the idea it will be really good to have end of the day and also intraday date. And for me the only intraday data what I'm using and I'm using this so really Regular is the 935Snapshot. And this is the only one what I'm using personally. So half the end of the day you see it. The black ones are the end of the day from the NQ and the blue ones from the QQQ introduction.

[00:10:03.11] - Speaker 2
That's from the 935 snapshot and that's it. So I like the 935 snapshot because there's the last time where we calculating the 1 day min and the 1 day max and that's so that works for me today it was perfect. So we can see it. So the one MX was perfect in place. Put support highball was perfect in play. Then what I also really love to see we have here a nice area where we're getting the support we have to supply and demand area. Boom. It was the core resistance 0dte from QQQ and the call resistance UDT from NQ. Perfect. I mapped this out. I also map out this area here and that's my perfectly supply and demand data based on data. So what I can do also I can take out the levels and now I'm playing around. I can say all right, I like my Fibonacci levels. Let's add my Fibonacci levels and see where I can find good entry points. So it's all based on data. And if you can, if you see it, it was working nice. So and this is how I'm how I'm approaching. So now we can now we would be coming back to this area and then let's see what price action we get.

[00:11:26.11] - Speaker 2
If we can go choose this or you can come around. But I can build my trading roadmap based on this and it works. So I need only from my side I end of the day and the intraday snapshot from 9:35 the only time when I have another intraday snapshot. And this looks also like really, really good having the last intraday data. Probably when we get the last time I think it's 3:30.

[00:12:00.10] - Speaker 1
3:30.

[00:12:01.02] - Speaker 2
Yeah, yeah. The 330 snapshot doing the London and Asia session plus the end of the day. So then I will change. So if I wake up tomorrow I'm in a European time. So at the moment, if I'm waking up tomorrow I have my 330shotshot and intraday and my end of the day levels and it's working also perfect together. So that's what I'm doing. Only the this two intraday now I have on my shop and that's it, nothing more. I hope it makes sense.

[00:12:36.06] - Speaker 1
Yeah.

[00:12:43.23] - Speaker 2
Oh yeah. And I have, yeah I have only the primary levels so you can see on my shot I'm using only the primary levels and not the GEX 1 to 5. There's a good opportunity to use GEX 1 and 5 if you have only the end of the day or maybe only the intraday snapshot. But I have moved on my shot from the QQQ and from the nq. So that's why I'm using only primary levels. To not having so much noise in my shot to not have so much levels, only the major ones and that's it. So that's also something what I'm doing taking out the noises. But everyone is different. Yes. Some guys loving to have all gags levels, other one want only to see one to five. For me personally as a trader I won't only see the primary ones because we have also the zero DTP levels and that's powerful to have this. That's more than enough for me including the normal ones. What do you say?

[00:13:53.03] - Speaker 1
Yeah, no, I think it's completely fair and as you can see you on, on that chart basically Patrick, if you only had even the core resistance without the qqq you would have seen the reaction on that level anyway. So with the QQQ is adding an area but as you can see on the left you would have got the bounce back exactly on that area. Not NQ co resistance basically.

[00:14:20.11] - Speaker 2
Yeah. Because. Because I love to have a little bit room through this areas because I'm I, I highly believe in the Fibonacci system so that's something what I really like. So and if I now zoom a little bit in on a one minute time frame I can see I connect the call resistance CODTE and the one day mint QQQ and I can see a little bit of reactions here and, and that's something what I really like to see as a day trader. So that's basically my levels where I can trade level to level to level, where I can re enter, where I can get out without risking too much. So this would be meaning from 929 to 905 I'm not risking too much at the moment I'm trading more CFDs. So contact for difference. I'm trading the NBX and also the SPX indices. Why I'm doing this because I can say how much I'm willing to risk in the US dollar and I can much better position myself. And also I can trade the etf. So if I want I can switch easily to the ETFs. But for me the futures at the moment, really, really highly risky.

[00:15:39.06] - Speaker 2
But that's. Everyone have his own view on this. That's why I love to have the Fibonacci here to find out better areas for enter and for exit and not getting involved in any big problems.

[00:15:55.17] - Speaker 1
All right, so I think Patrick, we have a couple of questions then I think Olivier and Tony, they raised the hand. Let us know if you guys want to speak. I can allow you to chat and talk to us in regards to the question of Arthur. So if you go back to my screen, Arthur to add the 9:45 or a 950, simply add the intraday gamma levels at that time and then just don't update it throughout the day. So if you update the levels then that will change. Otherwise what you can do, you can actually take the data from the bot and use the custom level to upload just the 935 up to you. So.

[00:16:43.05] - Speaker 2
Yeah, yeah. And we're doing also the same in the, in the program. Yeah. If you have any questions. So we're working as a team. So you can raise your hand and you can come live with microphone. You can answer your question, you can read with us. So no worries, raise your hand and get. So there's no limitations. So we are here with the one working with you together, Shan. So if you have any questions, let us know.

[00:17:13.02] - Speaker 1
Yeah. And Olivier and Tony, I'm allowing you to speak. So I think you should be able to unmute yourself and talk to us if you want.

[00:17:26.15] - Speaker 2
But Peter, how do you improve our levels?

[00:17:32.07] - Speaker 3
You all, you guys took all the words out of my mouth. If you guys could. Some of you guys can see my screen kind of the same. Yeah. So like my major levels 1 day min. 1 day max HVL levels to discover volatility before the Vix tells me. And then the major GEX is 1 to 5 and then also cross crossing. So I think definitely good questions brought up because major Questions I get too from MQ users is hey, how do I use end of day intraday? When and how? So questions been coming up a lot. So I think it's good we're answering. People get a little creative but stay clean with it. You could see my screen here. I did some shorts on ENQ today from the one day max. It was really nice and clean. We had a little space above which was another major GAX level off the 250s and we never came back down from under there. Target around call resistance and then the break test and pullback from there was another good shorts down to hvls and we've been kind of consolidating since then. And yes, markets are loud, so size adjustments really important Last week, man, I think a lot of traders I see communicating and talking, we had a lot of issue on size because volatility was just a little more than what we were used to.

[00:18:51.09] - Speaker 3
We all like volatility, but this was a little too much. So yeah, major levels convert SPX if you're an ES trader to me Q's for NQ and it's really, really good enough. Another question was.

[00:19:10.12] - Speaker 2
Maybe you can give the people some mic. We have some raising hands. Peter, take down your hand so that we get a good overview.

[00:19:20.06] - Speaker 1
Yeah, I did Patrick.

[00:19:21.19] - Speaker 3
Okay.

[00:19:34.20] - Speaker 1
Yeah, let us know. Olivier, if you are able to to speak.

[00:19:39.24] - Speaker 2
Tony. Tony, if you want to speak, you, I see you raised the hand. Please unlock yourself and you're ready. And also. Excuse me one second guys, feel free to talk to us. Bobby, there's also a question how you can add the snapshot to TradingView and other levels are automatically updated. I think we can answer this generally, Fabio.

[00:20:14.20] - Speaker 1
Yeah, sure. So basically with the new update, the levels are automatically updated. So we update the intraday at every snapshot. What you see is because TradingView does not have an API, you need to update the indicator. So what you see here is first of all, let's go to spx. You see there's like a button here that says update. So here you see the timestamp. So right now I have the ones that I had this morning, the 7:45 and now I get like an update here. So I'm just going to update to the latest latest level. And now I have my 1:30 Eastern. If you don't see the level updates, just simply remove the indic. Remove the indicator and just add it back. And if you need to update it, just update it and just confirm that you have the latest snapshot. The other option is to Use the custom level indicator, which is here. The custom level is really the old premium level indicator where you had to manually add the levels. And what you can also do is you can come to the dashboard and you can go under intraday and if you wanted to just have the 935 snapshot, you can come here on 935, just take the data from the dashboard copy and then just simply go into our custom level and just input it there.

[00:21:55.11] - Speaker 1
And now we're going to have the levels on Nvidia. So they either auto update or if you want to just add custom level, you can do that too.

[00:22:13.01] - Speaker 2
So for me personally, Fabio, I'm using the custom levels. Why I'm using the custom level. There's a one. There's a really good simple reason, because on the custom levels, I can convert much more. I can convert 1, 2, 3, 4, 5, 6 tickers at the same time. On the normal indicator, I can. On the automatic indicator, I can do this only with two tickets. I'm using much more other stuff. Converting more to other stuff. And that's why I'm using the custom levels.

[00:22:50.20] - Speaker 1
Yeah. Which is fine. So it's a matter of if you want to upload the levels or if you want the levels to be uploaded for you. So within. Because of the limitation, obviously we couldn't fit all the conversion on the updated levels, so we only had two available. You could have more than two indicators. So if you wanted more conversion, you could potentially have more than one indicator if you wanted.

[00:23:15.22] - Speaker 2
Yeah. But I think the good news, Fabio, is so we are. We are extremely flexible. Yeah. So we put everyone needs. So if you be more professional and you have more tickers and you want to convert much more, then. Okay, let's. Maybe the custom levels will fit your needs. If you want more focus on one ticker and you need no converting to other ticker, then the. The end of the day or into the indicator perfectly.

[00:23:50.03] - Speaker 1
Yeah.

[00:23:57.04] - Speaker 2
So now we came to the call resistance. So let's see how it works out. And also we on the wrong number. Yeah. So we hit the 19, 119, 000. So let's see. How you would approach this level, Fabio, from your perspective. So you're making a really big back test all the time. So what he was observing when we came to call resistance CODT levels.

[00:24:35.16] - Speaker 1
So I think the zero DDS level become very relevant because of course they have less time. So the, the option that expire today are going to be done in a. In an hour and 40 minutes. So the reaction There could be very strong because there's not a lot of time. Right. So the delta of those options was very, very small. But if we see like a strong move, like you see that one from HVL to core resistance, then that means that there's a lot of hedging activity that goes into that. Because those option had zero value before the move and now they are getting in the money, like sort of that. And therefore that level could become a strong resistance, but it could also be a strong. So if we break through that level, then we could potentially see a strong momentum to the upside.

[00:25:30.05] - Speaker 2
That's cool. And, and you're giving us the perfect answer. So why are the zero dt levels so relevant? And are there some time frame, Fabio, when you can say that they are more relevant maybe at the end of the day or at the beginning of the day? Is there something what you was observing based on the price actions?

[00:25:52.21] - Speaker 1
Yeah. So I think basically the time that gets very interesting, I mean I think from around 1231 is when they start really to decays. But that's when potentially there could be a lot of good profit that traders can make. And I also think that we observe a lot of like really movement after like 2:30, from 2:30 to 3:30. Because some of these options that are becoming worthless when we see like a strong move, let's say that there's like a news, a news like like last week for example. Last week would have been a week where 0dt's options would have like have a massive impact on the market makers hedging because they went from basically no value to suddenly a lot of value because the price moves so much. So that's why those level become very sensible because there's not a lot of time. But if the price moves to that level then they could actually be a very strong reaction.

[00:26:55.23] - Speaker 2
And I think Fabio, that's a really cool, cool lesson for the people outside. And maybe if you're taking only one lesson today, that's by the way the goal. So my goal is when I came to this call, I was thinking like, okay, what could be the goal for today for the people, for the premium people taking out only one gold nugget. And maybe if you be in futures trader and not so familiar with the options and how everything is driven and maybe you're even stock trader and not so familiar with options. So what Fabio was telling, this is a really good, good point. And you can build by the way your, your indicators like, like this so you can use the custom indicators and you can Say okay, you know, now is the time where the zero dt levels are really, really important. So basically let's plot only the 0dt levels. So let's see how everything works out on the zero dt level. So you have the full, full power. So you can put everything, you can put the 0dt. You can play the major ones. So let's a really good teaching. Fabian, maybe say this again so that people can making notes.

[00:28:10.02] - Speaker 2
So if you was missing what was Fabio is telling and you have not so much time to watching the replay. So maybe take a notes. When are the zero dt levels more powerful and what time taking the notes. That's that maybe that's one of the nugget what you need to become more successful with the Mentacula.

[00:28:30.09] - Speaker 1
Yeah. And also I think Patrick is important to note that typically institutions trade between 9:30 to 11. That's when they would execute in the morning and then they come back at around 2:33pm to position themselves for the end of the day. So they would monitor what the market has done and then they would place their order for the next day maybe at the end of the day. So that's why also the flow on 0dt is becomes quite relevant at the end of the day because that's when the option has zero value because there's only an hour left. But suddenly we see a big spike in price and that's when. That's why you could potentially make. I mean there's. There's users in our community that they only trade from 330 to 4 and they only trade spx0eds options because you can buy them for very, very cheap. And if the move happens then you could actually potentially really have a massive return. But obviously it's very risky because if the move doesn't happen then obviously you lose all the premium.

[00:29:34.16] - Speaker 2
Yeah. And let us know champs if this was really helpful for you and if he was understanding this. And I think that's really, really important for you guys. And we get one question. How does the gamma condition affect your decision at the level? Maybe follow me, you first and then I will go from trader perspective.

[00:29:58.11] - Speaker 1
Yeah. So I think basically I think that it's very important not to mistake the fact that we are in negative gamma to the fact that the market is just going to go down. Negative gamma is very. It increases the volatility. So it's very important that if we are in a negative gamma environment like we are now, that means that the volatility of the asset will be higher. And if we are in a positive Gamma then the volatility will be lower. So I think as a trader you need to approach positive and negative gamma in terms of risk. So if you see that you are in a negative GUM environment then you will risk more. But you could potentially of course also make more. But you need to be aware that if you are using a tight stop loss that might not work because we are in a very volatile environment.

[00:30:52.18] - Speaker 2
Yeah, 100%. And for me how I'm approaching the gamma levels is so first I want to see. I'm trading mostly the one minute time frame. So I will see how the level, how the candles will be reacting on the st. So now we are approaching the core resistance. I cannot see on the 1D on, on the one day on the one minute chart. If you know breaking through this. I don't see any follow truth at the moment. So I won't see first to follow through because we must always thinking about the pin risk. So the pinwheels is real. So mostly it's like the. The atr. So think about the ATR stop loss. So that's mostly the. The pin result. Think about 20 points, 25 points. I won't see that, that we putting out the pin risk effect first and then make a decision if you're getting some follow through and what side we go. I cannot tell at the moment if you're going down. But let's play it out a little bit. So it's really normally if we getting some major level like call resistance, put support or one day mean one day max that we let me bounce a little bit around.

[00:32:06.20] - Speaker 2
So we're getting the pin resistance and don't get involved in this. Wait. Get patience. Set your. Your stop loss maybe based on the ATR and then go in this direction. What would you really like to see? And that's.

[00:32:38.09] - Speaker 1
There's a question from Arthur for you, Patrick, Amy.

[00:32:42.07] - Speaker 2
Which question? I'm in the Q and A at the moment, so let me know which side in the chat.

[00:32:49.00] - Speaker 1
Yeah.

[00:32:50.11] - Speaker 2
Okay. If I subscribe to the program now, do the regular live trading session actually involve real trading? What I mean will I actually see how the data is being used and execute in real trading conditions? Yeah. So I will share on the pro. My. My entries and exits. Me and Fabio, we was really thinking about how we can help you much more and maybe Fabio, you can say something about this. What we were doing with beginning from tomorrow. So. So we are also learning and yeah what become better and visiting together. Me and Fabian. We was really thinking about how we can help you guys to becoming much better with Mentor Q. And maybe from you, you can. You can let them know what's the outcome, what we will do in the live trading.

[00:33:48.16] - Speaker 1
Yeah. So I think the goal is not only to show you are Patrick trades, but the goal is to help you take 1% of Patrick experience and have it in your system. So help you really learn from Patrick. Right. Because it's not just about, okay, you're looking where Patrick goes in and out, but in reality, you want to build the system. So from tomorrow, we're going to. For every trade, we are going to try and explain, first, what was the thought process, why are we taking the trade? Second is how can the data support me? And third is how can we manage the risk? So if I take this trade, what would be my risk? And then, of course, help you understand the idea behind it, rather than just showing you why we do it, which I think is more powerful. Yeah.

[00:34:43.18] - Speaker 2
100%.

[00:34:47.06] - Speaker 1
And monitoring this level, Patrick, I'm looking at your chart is very, very interesting because you see that for the last maybe five, ten minutes, we've. We've been pinned around that core resistance and now we're trying to break above it, but suddenly now we have a red candle coming towards it. So, yeah, those levels are becoming really key and obviously we have one hour and a half left until the market closes, so. But very, very important to monitor.

[00:35:17.04] - Speaker 2
Yeah. And think about the. The risk. Yeah. So we, we call it pinwheel. So Fabio was doing a really good presentation in the past when he was speaking about the Gamma levels. You can find this in the academy where we was going through every level and we were speaking about the pin risk effect on the, on the gamma level and what I was observing on my side. Okay. This was before the last two weeks. The pyramids. On the NQ is mostly 20 points. So 20 points on the upside, 20 points on the downside. So basically, if I now mapping this out, so this would be my area where I have no idea if you're breaking truth to call resistance or if we go in, if you fail and we fall down again. So basically, this area is for me and high risk if I don't want to be involved in the pinwheels. So because I can really fast stop out to any side and I would be maybe right on my side that I think it could be go down or we go up. But I have to think about the pinnace, so the pinwheels.

[00:36:26.03] - Speaker 2
What I was thinking is 20 points to the upside and to the downside. So this means It's a 40 point and this, this should be obvious in the mind. So on every level you have opinions. We was talking about this in Academy. You can find this. Fabio, maybe you can share the link where we was talking about the Gamma Net. And we get the question from Reiner Fabio, why are the levels converted one day max, one day min different for es, SPY and spx.

[00:37:18.17] - Speaker 1
Yes. Basically the answer is very simple, is those three assets, they have their own option chain. So we take the option chain of spx, the option chain of SPY and the option chain of ES and we run the models on those option chain. So basically it really based on the data. So although they all move in the same direction, I think it's very important to understand that the end customer that buys these assets are very different. So I think we don't stress enough on understanding, for example that ES is mainly used maybe by futures trader for sure, but also by large institution to hedge on their long position or short positions. Right. If we look at SPY, most likely we're going to have big asset managers, 401k pension funds that are actually positioned in SPY for the long term. If we look at spx we have a lot of option activities. So we do have like institution or hedge funds. Trading. Trading those. So understanding the different user type that would trade those assets is very important. And that's why they have three different option chain.

[00:38:33.03] - Speaker 2
Yeah. And also when you convert the levels, you have different ratios. Yeah. So if you're looking for the auto ratio, Fabio, when will be the auto ratio calculated?

[00:38:45.15] - Speaker 1
It updates on 931 Eastern.

[00:38:48.12] - Speaker 2
So if you're now looking for the one day max and. And you would now using the auto ratio, you would possibly use the auto ratio from the morning. So in this case it would be highly recommend to you to to use the manual ratio. Calculate the manual ratio that then you become more accurate. If you come end of the day, use the manual ratio if you're trading the morning session. So then the auto ratio is a perfect fit for you.

[00:39:19.03] - Speaker 1
Yeah.

[00:39:21.03] - Speaker 2
Also for the London session and for the Asia session, if you using auto levels, I will highly recommend to using manual ratio. Now we can see if we are in the pinwheel area. So what he was talking about. Let's see. All right, let's go to the question how do I read and interpret the DAX and GEX profile? Yep.

[00:40:18.10] - Speaker 1
Yeah. So let me know if you guys can see my screen.

[00:40:21.03] - Speaker 2
If you not see Fabio's screen, go in the zoom and then shows the tab from Fabio.

[00:40:28.05] - Speaker 1
Yeah, basically like what the. Let's start with the net jacks. So the net JAX is the net gamma exposure chart. And here what we see is all expirations, meaning the all option chains. If you come for example into the matrix you will see all the different expiration, you will see our JAX and dax. So JAX is gamma exposure and DAX is delta exposure exposure. And then what we do with the chart is we show you the net gamma exposure by strike with the value right here. And then of course we do also calculate the different curves gamma delta curves here. I wouldn't spend so much time on that. But it's important to understand basically the biggest strike with the largest positive appear or negative gamma, those will become the reaction zones that you see right here. So for example Jax1 would, would be represented by possibly one of these bar, which I think would be this one. And this would be our put support. When we look at delta, which I think I have it here, Delta is kind of like the directional exposure of market makers. So it's here what we show you is the net delta.

[00:41:50.12] - Speaker 1
So we show you where market maker would be exposed on the delta side. We have documentation on the website as well and we have a lot of videos. So if you haven't followed the gamma levels course, I would encourage you to follow that one. We explain that in details. So now we see a potential break of that area. Patrick, I'm looking at your screen.

[00:42:23.12] - Speaker 2
And get the question from after I see that Patrick has the call resistance from Q. Q. Q. Displayed on the mini shot. How can I replicate that using an indicator? So basically what I was doing. So I, I have here my input from the SPX QQQ call whatever you want. So I'm using the 935, so the 950 snapshot and then I convert with auto ratio from QQQ to NQM and that's it. So you can go to the bot and then or to the dashboard maybe. Fabio, you can, you can show the people where they can find the snapshot individually.

[00:43:17.02] - Speaker 1
Yeah, so if you click on here intraday then here you can find all the latest intraday snapshot. And then you can, if you don't see it, you just click on add command right here and then you can find the levels right there. We have allowed you to speak, guys. So for those who raised the hand, we have allowed you to talk. So you can unmute yourself and if you want to join the call, let us know.

[00:44:06.05] - Speaker 2
And Fabio, I'm not really sure if it was showing this. Can you please show how to set up the S correlation on SPX and on spy. Maybe you can do this on your chart.

[00:44:17.08] - Speaker 1
The. Sorry, the what? Correlation.

[00:44:20.17] - Speaker 2
How to set up ES correlation on SPX and on spy. So maybe converting SPX to ES and SPY to es.

[00:44:31.04] - Speaker 1
Ah, you mean in the indicator?

[00:44:33.08] - Speaker 2
Yeah, yeah.

[00:44:35.14] - Speaker 1
So simply come here and then basically tick the box right there where you see SPX and then simply convert it and you can use auto ratio or manual ratio. So if you guys want to learn more alt based a link of the course that we have that can show you how to do that.

[00:45:19.23] - Speaker 2
And here we go. We're getting the breakout from the pin risk and then both we can, we can start this, we can take you to the next level so we get nice 20 points. It's much. I can only speak from myself but it's much easier to take to take advantage from the pin risk. Wait until the move will be more clear down take the, take the action before we're not getting out of the pin risk and then follow through the price action. But this is how I'm trading. So every trader is different. Yeah. So but I take care of the pin risk effect mostly.

[00:46:12.05] - Speaker 4
Fabio, could you briefly talk about how you determine the 20 point pin risk?

[00:46:20.19] - Speaker 1
Yeah, that's Patrick probably. That's a new Patrick, I think.

[00:46:26.24] - Speaker 2
Okay, what was the question? Sorry.

[00:46:28.19] - Speaker 1
The 20 points pin risk, could you.

[00:46:31.12] - Speaker 4
Briefly talk about how you determined that?

[00:46:35.02] - Speaker 2
Yeah, so, so you, you see it on my shot. So basically I was mapping out the 20 points manually. So what I really like to do is observing the price actions. Yeah. When we're getting, getting time and we are not involved in the market. So observe how, how the levels are working out. And that's what I was doing and I was thinking most of the time you need 20 points to the downside and to the upside. That's the pin. So when we hitting the call resistance, it can be happened that we going minimum 20 points to the downside or 15 points we hang around and then be hitting again the call resistance and again and again. And we hang around in this area between 1920 and 18 980. And I like to go into the market if we getting out of the pinwheel. Scary what we was doing. So we're getting out, we're hitting the next area. So the Q. Q. Q. Called resistance. And that's basically my no trading area. So the pin risk area is personally for me my no trading area. I will wait until we're getting some price action and not taking any trade between 20 points above the gamma level and 20 points below the gamma.

[00:48:01.13] - Speaker 4
And where is your risk? Is it on the other side of the, the, the. The pin risk area?

[00:48:11.17] - Speaker 2
I don't understand the question from you.

[00:48:14.06] - Speaker 4
Saying if you say you, you were entering a long one here is your risk on the other side of the, on the, on the other side of the pin risk on the lower end.

[00:48:27.05] - Speaker 2
So you mean my stop loss or. Yeah, yeah. Oh my stop loss is, is based on the. I have an ATR calculation on my, on my trading panel. So what I'm doing is I'm calculate calculated the ATR from the one minute candle and using a stop loss two times.

[00:48:53.03] - Speaker 4
Okay.

[00:49:02.16] - Speaker 2
But I'm not a trader who is trading like risk reward trades or something like this. So for me I would be absolutely fine if I would be going in now on 1925 and I know exactly there's a call resistance 0dte from the QQQ I will getting out. I will not battling. So this would be basically my, my profit. Is this a risk reward from. From one to one? I don't know but for me if I was making my profits, I saved my profits and then I'm good. Also if you, if you're more liking the call resistance on the Q. Q. Q. What you have here you can, you can use also you, you can taking maybe the shorts using your ATR and then short this. So that's by the way everyone is really different. So what I was seeing on the major gamma level so the pinwheel from 20 points working very well on my side. They helping me to reduce my stupid losses on the gammas.

[00:50:09.20] - Speaker 4
Yeah. So one, one question that I had for you Patrick was is, is daily bias important to you? If it is, what do you use for daily bias? What do you use for context for your trades or as a day trader that doesn't matter to you?

[00:50:30.09] - Speaker 2
Oh, that's a really good question. Yeah, I have a daily bias. So what I'm really looking for is I measure in real time with some other tool. I will not name it the, the. The put volume and the call volume and also the, the volume and total bias minocellas. And if I see there are some, some positive volume or negative volume, I get some idea what's going on in the market. Sometimes you see that the market goes to the upside but there's negative volume that makes no sense to going long because you get 12. And then my, my bias is more to the short side and also for me it's really important when we're speaking about mentor Q where we are in the area. So speaking about timing, setup and location. So between me one day, one day where we are now in what location and then the next thing is what news coming up. So today Trump was speaking. Trump can talk anytime, any any market news and the market is going crazy. It's really hard to have biased but most likely I'm looking to real time options data and figure out rules and control the trots or the loans.

[00:52:17.01] - Speaker 2
I'm working really really well with options data so I'm leveraging always based on. That's by the way, we are here on mental cubes.

[00:52:31.22] - Speaker 4
So is your style a breakout from the levels or do you do breakout and then wait for a pullback? Just a general question like do you wait for the pullback after the breakout or do you take the breakout?

[00:52:51.12] - Speaker 2
Wow. So I start I. I take the breakouts. Yes. But I'm starting with small risk so I won't test the breakout if the breakout is working. I'm taking a really small risk, not taking a big risk on it, taking a really small risk. So. So if that plays out, you can always add to your position. If it not works out getting out directly. So mostly you will see me then I'm take it but with small risk, really small risk and I give them maybe three shots and that's it.

[00:53:38.09] - Speaker 5
Hi fellas. If the question was about breakouts of NQ there is a little tip. The breakout usually have 30 to 60 points on M5 time frame statistical.

[00:53:55.06] - Speaker 2
Can you repeat and speak a little bit louder?

[00:54:00.01] - Speaker 5
When you use type frame M5 5 minutes chart online queue for example the breakouts usually have between 30 to 60 points on M5 chart. So if you play the breakout for upper or down down is usually something around 40, 45 points to take it.

[00:54:21.24] - Speaker 2
Okay, yeah.

[00:54:22.21] - Speaker 5
Maybe on the simple hands.

[00:54:27.04] - Speaker 4
On any mental Q levels or are you speaking with a specific level?

[00:54:32.12] - Speaker 5
It depends what you playing. We right now speaking about NQ directly but when you're sitting you can also take care and on the same time frame for e.g. 5 days you will see the same pattern for example for QQQ or for the spy how deep they are broke the levels from the simple high low on the same time frame. Because there is a lot of algorithm tradings the same thing is around hour. So like we are seven minutes to around our end algorithms will beat a little bit more also. So when you have a tight stop loss in this time frame near the round Tower is a stupid idea from my perspective. Yeah. And also today was conversation about convert delivers from NDX From QQQ for example to nq. Fellas, you have possibility to have three charts on your screen in the same time. Put the levels on these charts and take care one hour, maybe two and check what happens because when you convert the levers it doesn't mean is the same value in the same time. And this is important for your trading.

[00:56:12.24] - Speaker 2
Thank you.

[00:56:13.11] - Speaker 5
I don't screen Fabio or Patrick. Could you give me that kind of possibility?

[00:56:24.05] - Speaker 1
Let me see.

[00:56:34.24] - Speaker 2
Let me know if you can.

[00:56:45.22] - Speaker 5
Okay. And how I prepare my screen because I have two screen on this computer.

[00:56:55.04] - Speaker 1
I think you can click on the share button and entire screen.

[00:57:01.22] - Speaker 5
Oh yeah, got it. Thanks. So for example, if you have trading view and you have possibility to have three charts and you update every 30 minutes right now you will have upside is main index. So SPX NDX on the left chart below is ETF two times so SPY and qqq and the right side is futures. So ES futures and NQ futures. And for example, when you convert the levels in the real time this is less data from 10 minutes ago. So it will be quick from NDX to NQ. Okay. And show levelsystems.

[00:58:03.09] - Speaker 1
Yeah, you have the levels on.

[00:58:06.18] - Speaker 5
Yeah, sure, I will get it. Give me a second. Okay, we will come back and I will open as. Quiet as I can't. And for example on the downstairs we have right now touching put put support from zero D and it's correct but not often when we have such a big volatility on the market. So be careful when you convert and think a little bit because playing because I converted. Oh, you have right now two values and should be good support resistance to take your trade not good point. Be careful right now it doesn't work good in this in these days.

[00:59:15.07] - Speaker 2
Makes sense. Thanks.

[00:59:24.22] - Speaker 4
So just. Just to ask a quick question. On the the breakouts that you were talking about, were you specifically talking about breaking out from. From the the mental Q levels or were you talking about breaking out in general for the nq?

[00:59:53.08] - Speaker 1
Are you asking Patrick or Macia, sorry.

[00:59:57.05] - Speaker 4
The presenter that was presenting before like just recently.

[01:00:07.12] - Speaker 5
So like here when we have resistance on 5 minute time frame is something router like I told you 60, 40 to 60 points. So let's check if it works. 90, 25 for example we add 50 points. We should have some levers here There are so yeah, this is a good opportunity to take a trade. Simple and good only 50, 16 point, nothing else. And from the downside perspective was the same when you break it here red test and go down. This is around 50, 16 points. 1990, 891, so 100 points. A bigger one, the smallest one with thread test. 92, 9025 so around 56.

[01:01:26.17] - Speaker 1
Yeah, let us know if you have a question. I think there was question from Jonathan on the upper and lower band on the, the string model. I don't know Jonathan, if you are referring to the presentation that we did earlier today, let me know and if I can share that with the team as.

[01:02:03.11] - Speaker 2
Yeah, let's share this again. That's really helpful for people.

[01:02:07.03] - Speaker 1
Yeah. All right, so if you guys. Can you guys see my screen? All right, so first of all this week we're gonna release our auto updated string levels. So basically what that means is that the same levels that you see in the chart will automatically update on all the assets. Currently we do swing levels not on futures because of the rolling, but we do them on the indices, stocks and ETFs. So as of this week one we'll post in the chat. But basically this would be the swing levels for spx. But you can also have you know, all the different stocks so they will automatically update like the other indicators. So very excited about that. Now what is the swing model? Right, so let's go back into the indices and stock. So the swing model, it's basically think about the one the max and the one the minimum. But looking at the larger time frame it's a bit more complicated. The model is more complicated because. Because it's harder to forecast where the price would be in five days or, or 20 days compared to what it where the price would be tomorrow. So having an accurate model was a big challenge for us.

[01:03:25.05] - Speaker 1
But we did that because we used some machine learning algorithm and some option data with other factors. So we built this basically this model that will tell you with a certain level of accuracy where the price of SPX or any other asset would be in five days and 20 days. Right. So if you are an option trader, if you are a day trader, you could still use these levels because they could be interesting support and resistance. So if you see for example that SPX approaches one of these swing levels that are still at play, then those could become interesting reaction areas. But like, like in this case here. So the idea behind it is that not only we wanted to forecast where the price will stay in those five days, but we also wanted to try and forecast the direction. So in this case we have our upper band and we have a risk trigger. Whenever we have an upper band the model is bearish. And whenever we have a lower band, like in the case of, for example, gold, the model is bullish. So if we look at gold, for example, right here, and it's very easy to see you have a green level or a red level.

[01:04:44.19] - Speaker 1
If we have a green level, the model is bullish. If we have a red level, the model is bearish. Whenever we have a lower band, the risk trigger is above. And whenever we have an upper band, the risk trigger is below. Simply because we believe that the price in this case of SPX should potentially stay below this 5580 level in the next five days. Here you see also the accuracy. So this is the history. So this is 117 days, about four months of data. The levels that you see here is the level you would have got five days before. And this is where the price closed. So the price closed way above this level. If we look at, for example here, in this case, this is the level that you would have got five days prior and the price closed way below. So in this case, on this day, the model was not successful. So we count the number of times the model was able to predict if the price of the asset would be above the lower band or below the upper band. And then we count the success rate trade. So for example, in this case on SPX over the last 117 days, we had an 80 success rate.

[01:05:59.08] - Speaker 1
Right. So obviously again, if you are playing a long trade, always monitor these levels because this could become a very, very important resistance if we are able to get to that level.

[01:06:13.22] - Speaker 2
Okay, Fabio, So this means when we see upper band, what is the bias? Meaning is this more short or more long?

[01:06:25.18] - Speaker 1
Yeah, it's a bearish, bearish bias. So it's basically a short, short. Not like the model is biased, doesn't mean that the price will drop. It just means that we believe that the price will close below 5580. That's what the model is telling us.

[01:06:48.23] - Speaker 2
And if you was missing the presentation on this afternoon, so check out the live presentation on YouTube, click on YouTube, go on the live header and then you will find this how he was doing a great presentation based on this.

[01:07:04.03] - Speaker 1
Yeah, and also we. Can I share this again? But basically the idea of the presentations was to show you the power of this data. Because what we, what we did is we look at around 900 companies, so 900 assets, which is the coverage that is supported by the levels. And we simply did a very, very basic exercise, long, short trading. So we look at the levels from Friday, we trade at the open. On Monday, we close at the close. Of Friday. So simply price, we don't, we don't look, we don't account any risk management, we don't count any stop loss. We just want to show you if the data can be accurate because otherwise would be very complex to run a back test on 900 companies with intraday prices etc. But the idea behind it is that if we bearish, we go short at the open and we close at the close and we want to see if we would have made the return or not and then basically the success rate of just a simple long short without any risk management would have been 65%. If we were to sell options by using these levels, then the, the Win rate was 92% meaning that the price of this asset would have fallen either below the upper band or above the lower band.

[01:08:28.22] - Speaker 1
And that means that at the end of the week your option expire worthless, you pocket the premium and you have successful trade. Meaning that you made money on that trade.

[01:08:49.03] - Speaker 2
Oliver, if you have any questions, so unmot yourself and then let's go on. If you have no question anymore, please take down the hand and also Pulu, if you have any questions, join us and mark yourself. If the question is already answered, kick down the hand so that we know who wants to speak about.

[01:09:09.09] - Speaker 5
For example right now on M500 we should have 50 point move to the upper side. This is about the breakout as we spoke few minutes ago. You know Patrick, what I'm looking right now decent five it was consolidation and.

[01:09:57.21] - Speaker 1
There's a question from Kazra currency futures. I notice on Friday a lot of currency were below their one day minimum maximum. It could happen. We use the end of day data for future. So it could happen that if there is a big move overnight then yes it could, that could happen. It's not common but again we are in very volatile times so it could happen. Yes.

[01:10:26.18] - Speaker 2
And also Fabio, if you now look into the core resistance ete, let's take out the other level. So the QQ. Let's take out the QQQ and have only the then Q11 still. So I think for everyone, if you're speaking about breakout, if you're speaking about pin risk, but the best cases, if you're not in the market, maybe, maybe take, take, take your time and find out how the price will be reacting on the major levels. So I was, I was observing on my end. So it's the 20 points upside downside. So that, that's the pinnace where we were speaking about in the presentation, what we did. So if you're looking to the high wall. So here we go. So here we have also our area. Boom. So we have here our pin risk. So learn, learn the levels and observe it on your, your end, how much you need. And you will see patterns, you will see that this will be showing up again and again and again. And if you're getting out, then it becomes so, so easy for you to understand more and more the levels and you know exactly when it makes sense to go in and when it makes not sense to go.

[01:11:45.24] - Speaker 2
But it's, it's not the best thing to listen to the people, figure it out on yourself, Observe it, observe it and understand what's going on. And then you will, you will find your way. This is everything. What I can tell.

[01:12:08.10] - Speaker 4
This is what I was, I was trying to ask about with the, the, the gags condition is I was asking more for what's happening with the hedging activity in the background, given what the, the condition is. So if we are in a negative condition, I understand that the volatility is, is, is, is, is, is, is bigger than normal. And so if we're in a negative environment and we approach, say a level, what does that mean in terms of what the hedgers are doing on the other side? If we're in a positive environment when we approach a level, what does that mean? So that, that's the question that I was asking before. If one of you could clarify or say what they think is happening in terms of hedging.

[01:13:02.12] - Speaker 2
So I'm not an option trader. I'm out. I have to give this to you.

[01:13:11.24] - Speaker 1
Yeah, sorry I missed that. Apologies.

[01:13:14.22] - Speaker 4
So, so if we're in a negative environment and we approach the core resistance from the bottom, what are hedgers doing at that level when we break? So in, in such a way that I think I, I'm trying to understand the, the, the actual activity that's happening as opposed to just watching price action. If I understand the activity that's going, that's going on and then I watch what price action is doing and if those align, then I'm more likely to do one thing or the other thing.

[01:13:46.24] - Speaker 1
Right? Yeah. So I mean, the, the hedge activity really depends. It's not easy to answer that because it depends on the delta of those options and it depends on how market makers have hedge before. So it really depends on the time, the volatility. So there is not like a clear answer. Or if the price approaches from above to below, then hedges are going to buy or sell. You know, it's really, you know, it's hard to forecast. But you know that if we are in negative gamma there's volatility going to be there and when we get to those level those become very important reaction area. So I mean nobody has access to the market makers book. So you will never know how many options they have long or short is it's important possible there's not such information available in the market. So we built a model that can forecast the reaction area.

[01:14:44.19] - Speaker 4
Right, but what's the expected behavior at that point? Say we are negative gamma. Aren't they going to go with the. With the. With the move at that point? Isn't is it not like. So if we approach the. The level and we are we are in a negative environment then they are more likely to go go with the break and and buy more of the. Of the. Of the the asset at that point to try and neutralize to get. Because the again the idea is they're trying to be gamma neutral.

[01:15:18.01] - Speaker 5
Right.

[01:15:19.02] - Speaker 1
But I mean you you. You can't really know that for sure unless you had access the books of Citadel or all the other market makers. Right. So that's possible. So you can. What you can forecast is that that level will become a reaction area which could be an inflection point. So if we break that level and we are in negative gamma, you can potentially forecast that there's going to be an increased volatility of that level. Or if that level holds then it could also be a potential reversal. So like for example last week we had just before the tariff announcement we had the move from the one the mean to the one the max was a straight move 550 points on NQ and around 158 on. Yes and we we sent an email about it. So basically it's really. Yeah it's really like looking think about technical analysis in a sense but with options data which can give you more actionable insights basically because that's when the institutions are going to be placed and where the algos are also going to be looking for.

[01:16:25.18] - Speaker 2
And also Fabio, why I personally always getting out of the discussion is I think the answer is. Is not easy because we have to think about the marketplace first what the market maker have to do. So if. If you have some good information or you have I don't know you have a good source and then you came into the options market and you. You're taking a big bet on something. So then immediately the market maker have a pressure so and they have to hatch this so it could be happened that they're placing now really big zero DTE options are they. They're betting bad bad ass on out of the money. So then you have a different view. What is with hatching? It's really depend on rules in the market now. Because if some, some institutional or a big player want to play with you want to play with the market maker, they can do it. And this is something what is always in my mind. So. And this is why I think that the execution is very hard to think about. Okay. What they have to do. So the only thing what we know is they want getting his profits on the spread and that's it.

[01:18:04.20] - Speaker 2
Maybe I'm too complicated for you, but if, if I would be a market maker, my, my profits on the. On the. On the bid and on the ask spread. And maybe only sometimes if the market is doing really good, I can bet on some position. And also don't forget they have cross margin. So you get also profits on cost margin. So that's basically the business model. They're making good money with this. And if big players come in, they're in trouble. So they have to take action. So it's. And then the market was showing us that. So when, when. So the best example I think Fabio was when we getting the tariffs news. So the first terrorist news came out, I think it was on Monday when someone was saying hey, they taking now a pulse on the, on the terrace. Boom. The market was crazy to dance. And then they say oh, this was fake news now. And then the market comes crazy to the dance. This is what I mean. So some big players come in and take action on some other side. And everything is not what you. What you expect to know.

[01:19:23.04] - Speaker 2
And then two days later on Wednesday, the terrorist news came in again. Boom. Be getting again the price action. Everybody was thinking now without the news, the market goes now down. But then the news came out bomb and you're going crazy to the upset. Everything can change immediately if some big player wants to come into the market. That.

[01:19:46.04] - Speaker 1
Patrick, it's also important to understand that when the tariff news about the 90 days delay was happening, of course the. The move was driven by the news, right? So everybody wanted the market to go to the upside. But at the same time the news was also driven by option flow. Because think about if the market moved 10% in one day, those options that are far out of the money, that would have had no value at all, they now become valuable and therefore they are increasing the activity of hedging, right?

[01:20:19.24] - Speaker 2
So.

[01:20:20.21] - Speaker 1
So yes, we moved 10% because of the news, but also it was The Algos, it was the option flow.

[01:20:27.18] - Speaker 2
It was the, it was also the victim. They gave me trouble. Yeah. So I think at on this point Fabio, we should always look into the bigger picture. So yes we, we have maybe hatching activity. We are in positive, we are negative and all this stuff. But don't forget big players can come in anytime, any second and everything can change or news can come out. Everything can change immediately. So that's something what is always in my mind. So everything can change in any second. I'll be back in one minute.

[01:21:28.00] - Speaker 1
Let us know guys if you have questions and if you want to join us and speak, let us know. How was your day Peter?

[01:21:42.18] - Speaker 3
It was good, very good. Very readable, Very good setups. The volatility, you know, collapsed a little bit. It was nice to get a mentor Q email today reflecting on some of the crush coming in. It's good. And the price action's been, the auction's been moving great.

[01:22:05.19] - Speaker 2
So.

[01:22:05.24] - Speaker 1
Yeah, nice. Well no, I mean today was an interesting day.

[01:22:11.15] - Speaker 3
It was very interesting day. We had a really nice. And of course I failed to realize we gap filled too but it was just so clean. SNP did really nice and clean right on prior day. Close right off of close to one day min SPX just, I mean you just can't ask for anything better. Last week was a little horrific but. But this has really just been getting better now this so far today. Really nice.

[01:22:35.23] - Speaker 2
Yeah.

[01:22:36.06] - Speaker 1
And also I don't know if you guys can see my screen. Like look at the ivo level right there and look at you know those what we call kind of pinning effect, right. So you have this like bar, bar movement around these up and down, up and down. Trying to force it to the downside to the upside. We can't really break down that level. So this is a lot of like algos fighting for this level right there. Very, very, very, very clear on that picture. And of course we get the move up and then you have our core resistance trying to act as a support and then of course we, we break out, we try to retest it and of course before that we had the, the one day max that was really respected there. But as always we always want to look at the vix. The VIX has really been a good friend and a bad friend over the past few weeks. So looking at the VIX is very, very important. We obviously had a another world crash today so we are now below 30. But at the same time we do have our string level on the vix.

[01:23:51.12] - Speaker 2
So.

[01:23:52.02] - Speaker 1
So take a look. So first of all, on Wednesday 33% of Gamma will expire. Very important. So if you look at this, this is VIX expiration. If we look at SPX we have about 25%, I think 24.5% of gamma expiring on the 17th. So this week is OPEX weeks expiration. Very, very important. And basically what we want to see also is our 5 days level. So our 5 day is 33.8. So the model forecast that the price of Vix will be above 33.8 by the end of Friday. So monitor this level, see what happens there. And if we look at our 20 days, we are 30. So we are now basically at this lower band right there. We don't have it in the chart yet, but basically yeah. So we are at this level here and this is for the next 20 day of course. So.

[01:25:01.11] - Speaker 5
Oh Fabio, could you show your screen with trading view. When you use premium indicator, the old one and you use VIX swing model, you will input here these levels here.

[01:25:18.16] - Speaker 1
Yeah, yeah, sure. So yeah, it's basically yeah, this will be coming this week. But yeah, the premium indicator would give you the same levels here. The only difference is that we only have the five days, we don't have the 20 days. So it would be this level here. They should be 3,000, 380.

[01:25:44.06] - Speaker 5
But to be honest, the last few days when you had a high volatility, the risk trigger and other band from five day swings model works very well, to be honest. Yeah.

[01:25:55.08] - Speaker 2
Really? Yeah.

[01:25:57.03] - Speaker 5
With intraday updates from NDX and qqq. That was delicious cake.

[01:26:04.03] - Speaker 1
Yeah, yeah, of course. And obviously the reason why you see five levels. So we have the, the way the indicator will work is that you have. What you see now in the premium one is the tax is a little bit different because you see the date. So we standardize this and this is going to be the levels from the previous day, two days before, three days before, four days and five days. And the reason is that the levels from five days ago could still be a play. So technically this risk trigger could have still been a place. We want to plot it as well.

[01:26:44.02] - Speaker 2
Yeah. So Peter, I have one question for you. So I don't know if we have some bookmap people here who are using, utilizing from bookmap, but we are also partnering with bookmap so we have the mental few levels there. So can you tell us something, something about how the mental Q levels are working with the options flow? Do you see some, some good stuff what you can share with the people so maybe when I spec orders showing up or stop running or something like this. So is there mostly some match also with the gamma levels?

[01:27:43.20] - Speaker 3
The liquidity levels do. I'll be honest, my book map is quite not that noisy and in fact I have my levels on trading View and Ninja so I don't have it on my bookmap but where it lines up perfectly and you know, and I'd like to share it but I haven't updated my indicator on book map guys by the way. So if you look at my screen, it's just bare bone es. It lines up perfectly with liquidity and so I just stopped doing it because I already know there's liquidity there. A lot of Gamma level though you're going to find like this 5480 up here. Resold on yes, if you looking at my screen guys. And by the way, even if I'm trading N.N.Q. lately with ES, I'm watching because it's. I can't do nothing with this NQ right here. It don't matter how many filters I use. The book is just so thin, it's just not pretty. So I. If even if I'm trading INQ like I'm watching support resistance levels, gamma levels of like ES is very crucial just because it's more clean. It's something I can see on bookmark map right here.

[01:28:43.02] - Speaker 3
So but that's how I'm kind of using it. It's still comes down to here. Like we can see here this zone, this is just a buy zone. Look at all these very important levels. One day Man Q HVL Vault trigger GEX 5 GEX 2 GEX 3 so when I see these, this is my core then, then I'm. Then I'm looking there. So otherwise yeah, I'm using bookmap but not really primarily much anymore. It causes more problems for me than just leaning in on, on the levels I need. From here with Gamma I'm a convert.

[01:29:25.23] - Speaker 2
Go ahead.

[01:29:28.02] - Speaker 3
Does that make sense guys? Any other bookmap users? You know I, I line up well. You know, I get my context or whatever in line with the auction, but my primary thing is Gamma and, and my context is based on auction because that's my background. But like everything starts and usually ends in Gamma and then I'm just using the flow to like go from, to execute, manage and, or discretionary bail and that and, and again and sometimes this does a disservice because end of the day Tim, I've entered some idea here. The idea is already created of Gamma. But again, for those that are curious, if you line it up, I can assure you here, 5480, 85 and all these levels I have to update. Guys, I apologize. My indicator, I haven't done it just because I don't need it, because I have it over here. This is my core platform. Right. So that's how it lines up real beautifully.

[01:30:25.06] - Speaker 2
Major sync, Peter, is that no matter what tool you use and what strategy you use, you can use mentor queue really, really well as second confirmation. So with the mentor queue levels, you're getting an idea, you're getting a second confirmation based on your strategy. If you guys using bookmap, you're using order flow or something like this, you will see very often that the gamma levels working hand in hand with this trading style. And that's so cool. That's pretty.

[01:31:00.21] - Speaker 3
That's right hand in hand, like almost literally. That's why I just even stopped putting it on there. But just because I. I'm not needing it over there, that's all it proved itself to me. The. The information I was looking for.

[01:31:15.10] - Speaker 2
Yeah. And Fabio, I. Can you please share the. The net checks from nq, please?

[01:31:27.24] - Speaker 1
Yep.

[01:31:33.22] - Speaker 2
Can you make this bigger? So that's the. So we. I get the question why I'm plotting the QQQ levels on nqm. So if you're looking now to the net checks from NQ. So we see 400k as maximum volume there. Yeah. So what Fabio is showing. And now can you show please the QQQ metrics? Here we go. Here we have 40 million. So what is. So we have much, much more volume on the qqq. And that's why I'm liking, as I said, to convert the 935 snapshot from the QQQ because I know there's so much volume there and convert this to my NQ lab. So that's one of the reason, because volume is king. Volatility is currency and time. You will need volume. Correct.

[01:32:40.19] - Speaker 1
And also if you look, a lot of users are looking at NDX as well, but if you look at the volume and the checks is much, much thinner than qqq.

[01:32:50.24] - Speaker 2
That's one of the key things, champs, if you want to convert from, I don't know, your favorite ticker to some futures asset, look to the volume. You see it in the net checks and then you can figure it out. Make it 10 to convert. So make it sense to use NDX or qqq because people asking, hey, should I use QQQ or Any I would say use QQQ because there's more volume but that's also right if you're using ndx, QQQ and FQ because then you get the full picture. So it's, it's really depend on your trading side but, but to answer your question what he was asking why I'm having QPP there it's because it's based on the volume Big time.

[01:33:37.00] - Speaker 3
Big time. One question like I swear it's not doing that is like cutting yourself short. You know so many times markets turned on an intraday cues or spx. That one adjustment you were talking about Patrick that one morning rebalancing adjustment they do the 935 that's, that's good enough you know and you'll find that thing on a dime SPX qqq that's kind of why you know and I used to do the whole shebang when I came to mentor Q2 and then I had to slowly finesse my, my workspace and say okay what's the most liquid and just by coming and learning with the, with all the other traders here I say okay, I'm learning because like you just gave that clue right now you just probably clued somebody else they didn't know they're putting NDX for what thin look at Q if you want.

[01:34:28.15] - Speaker 2
Less noise but sometimes I have also NDX levels on my channel.

[01:34:33.01] - Speaker 3
I know you do.

[01:34:33.21] - Speaker 2
I see it's really depend on the time because yeah the custom levels indicator and it, it can cost you some time mostly I'm coming to my trading desk I'm starting and I'm ready to trading so I'm not prepared too much but if you have the time if you want really accurate of course to having QQQ and Q and, and the X on your shot will be upgrade so you get the full picture but if you want only two levels so QQ and NQ will be good.

[01:35:10.02] - Speaker 3
Yeah and another you know we have a good amount of people here and very few have left so I wanted to kind of say some people probably question have so many tools and wonder which one do I use? Where do I start? There's too much try it all and then what works for you keep and what doesn't take it off and don't copy anyone else but yeah in the beginning you're going to get a lot of advice from us people that have been using men queue different platforms I've tried probably seven, eight of them already with mentor Q integrations I, I lean my Point was I lean more on Trading View because it is the ease of use like and data cost. So if you think about let alone Trading View kind of my opinion is expensive but it does such a great job at integrating these cross instruments. Like Patrick and Fabio been talking about this session. You know, you know you want to put cues if you don't have an IQ Feed connection or something like this. Even like on the book map side I have to have. There's kind of like in some, some platforms these kind of like they have communication barriers for their own reasons and it works really well.

[01:36:15.24] - Speaker 3
And this is not a Mentor Q thing. I mean from other platforms, you know, you got to subscribe to that, you got to subscribe to that. If you want to convert queues, if you want to convert indices, try to do that on Ninja Trader. Try to get in touch with somebody from IQ Feed. Let's go see what kind of customer service you get. So ease of use is in Trading View and it's because you can do these cool creative ideas and then you can get even real crazy. And like we were doing, what was it, five, six months ago guys, when we were doing, we had traders here that were getting very creative with like putting X on, on crude oil. And man, I mean there was sometimes you'd find turns on a dime based on the highest volume traded crude company asset, you know, know Exxon. So that's why I lean on trade in view the most because I can get that data and I don't have to just you know, pay out the wazoo here, pay for subscription there, pay for. We all, most of us traders have two, three platforms or something for some reasons why we have that.

[01:37:19.10] - Speaker 3
So yeah, for me it's just Trading View comes down, comes down to it's flexible. It can do almost whatever I can think of with these tools and there's some limits. I feel a little bit, little bit constrained on other people, other platforms. The flexibility anyway. Yeah because for example here, you know, if I execute, I don't know if anyone's looking at my thing. It doesn't matter to re explain this. Everyone probably experienced it and knows, you know, like on Ninja Trader I love, I love the APIs of Mentor Q just automatically updates on Bookmap, automatically update now on Trading View pretty much practically automatically updates.

[01:38:10.24] - Speaker 2
But.

[01:38:13.05] - Speaker 3
Forget it, it's not popping up because it's probably not worth talking about out. But that's that.

[01:38:21.11] - Speaker 2
But Tommy, I have one question for you. Since you're running Mentor Q and your funded Mentor Q and that's right, Donald, sorry. What is the most. Most thing what people are struggling with when it came to options data and how mental q have them.

[01:38:45.02] - Speaker 1
So I think the biggest challenge is that most traders are not used to use options data. So I'll give you an example. When I was, I was a Bloomberg for 11 years, Gamma and all, the option was not even relevant in the institutional level. And I left Bloomberg in 2018. So at that time, institutions were not even looking at options data. Everything changed from, you know, 2020, 2021. Right. So now everybody's trying to catch up. Right. So we have institutions coming to us for options data. We have obviously retail investor coming to us for options data. But I think the market is adapting, so it's very important that traders that are used to trade in a certain way need to adapt to what the market is doing. So we've seen how this level can work, work. So it's really the biggest challenge for us is really helping you leverage this data that is complex because it's a lot of data. Like, I mean, we build an entire infrastructure. It took us years to build it, and we still struggle sometimes because it's a lot of data. So we've tried to simplify. So I think the biggest challenge is really making it digestible for users that have not really used the data.

[01:40:02.19] - Speaker 1
I believe we've done it, we can improve it and we will. But I think, you know, like, especially if you look at my screen and you come into any of the assets, you can quickly have an idea on where the market could potentially go by looking at the data and by looking at, you know, different signal that the data can tell you.

[01:40:23.04] - Speaker 2
What is the biggest mistake. Fabio, what in your mind now, let's not say the biggest mistake, because this would be. Would be stupid. But the three biggest mistakes, not only one, the three biggest mistakes, what people are doing when they come into Mentor queue and when they're using Mentor.

[01:40:45.17] - Speaker 1
Yeah. So I think the, the biggest mistake is not spending enough time to read or look at the information that provided to you because options data is very complicated. So you need to understand how you're using it. It's like if you get the Tesla for the first time, it's going to take you a while to understand how to use it. But then once you do it, learn that it'd be much easier for you to drive the car. Right. So similar to when you come in, you need to be willing to spend some time learning. Go through some of our academy, we have a lot of information and I understand we Are trying, trying to condense it in a way that is more easy for you to get set up. But at the same time it's like the biggest mistake is oh, I want to put levels on my chart and I want to make money. The, the, the, the question you should ask is like how can I observe the level so that then I can learn how the price reacts to that. And an example is like your setup, right in the last few weeks, Patrick, you've more monitor that when the big score resistance gets it, we see a down move and that's a potential signal for you.

[01:41:57.13] - Speaker 1
So learning how the model, all the levels really work, how they react and then of course test them out and then of course leverage it because there's a lot of power to that. And then the third would be to make things too complicated. Uh, we provided end of day levels until November 2024 and they were very successful. So one of the question is, oh, I want to have real time, real time gamma levels. And yeah, my answer is okay, that makes sense. But most of the time it's going to cause more noise than insight because we are not, we are humans so we cannot react to a lot of the information that it's sent to us.

[01:42:44.13] - Speaker 2
Us.

[01:42:44.17] - Speaker 1
Right. We're not machine, we're not hedge fund, we're not algorithm. So I think simplify the way you read it and simplify the way you use it because the more stuff you add, the more maybe wrong single you're gonna signals you're gonna get. Right. So I think simplification is the key for me.

[01:43:03.00] - Speaker 2
Yeah, I can, I can be everywhere. So probably I think I'm staying now one year with you. Yeah, I think one year now. So in April it was one year or March, I don't know. So let's, let's say one year.

[01:43:19.21] - Speaker 1
Yeah.

[01:43:21.09] - Speaker 2
And there's one thing, what I've never, never stopped and this is observing for me. It's so important to observe the market with the levels because first I have to answer my question is like okay, how the levels reacting on market condition. Like when Trump goes white and crazy and the market goes right crazy. How the levels reacting on election, how the market reaction, how the levels are reacting on CPI regularly. So the last five times. So when I was seeing something and I have also to think about okay, how much risk I should take on what should be my stop loss on, on this levels. Because it's not always like simple that you can say okay, risk maybe I don't know, 30 points and you will be good. No it's really depend on the market condition, the price, action, what's in the news. And then you have to observe this every single day, as you was mentioned. So the rich. The call resistance was the key for me the last few few days. And I was making my biggest trade ever and biggest profit ever. Because I was thinking, I was seeing that we hitting the call resistance again on the weeks.

[01:44:39.21] - Speaker 2
It was on Wednesday and before the Trump news came out. Fabio, I will send you the message. I think it was two hours before. And I say, okay, Fabio, I'm getting now all in on the on, because I'm betting on that. The weeks will be crushing and I risk all my capital. I go all in. If I'm losing 10, 15, I'm fine. Correct, Fabio. And two hours later, okay, this was a little bit luck. The Trump news came out and the market was crazy to the outside. So perfect. It was perfect. It was. It was the perfect trade ever in my life. But why was this the perfect trade in my life? Because I was observing all the days belong the bigs, the call resistance. And when we was live, Fabio, I think one week before, I was speaking about my A plus setup. Do you remember? I was thinking, hey, guys, looking to the next call resistance. Every time we hitting this, we're going a little bit below call resistance. And then boom, we crush for a few points on the wicks. I told us, correct me if I'm wrong.

[01:45:52.15] - Speaker 1
Yeah, yeah, we were. I think we were.

[01:45:54.11] - Speaker 2
I think few days later, I told us again, you have to look at the weeks. And he was also live Scott rooms. And he was talking about. And at the end, it was exactly my best trade in my life ever. Ever. I think I can retire now for life with my kids. So. But yeah, it was crazy. And this was only because I was not stopped to observing. This was the outcome. Never, ever stopping observing the levels and always request everything. What works today will be not working tomorrow. Be flexible, not starting. That's the key. I think that that's one of the key.

[01:46:46.09] - Speaker 5
Yeah.

[01:47:00.03] - Speaker 2
All right, guys, I think probably we have 10 minutes left. Then we have the pro mentorship on the program. Our weekly roundtable. I have to take a walk in 10 minutes, so if you have any questions, let us know.

[01:47:17.22] - Speaker 1
I'll stop the recording.

[01:47:22.19] - Speaker 4
Thank you.