Live Session – February 2nd 2025

[00:00:03.06] - Speaker 1
Happy Monday, team. Welcome. Welcome, Patrick. We're gonna start this Monday with a very, very great session today. We are back with our 6am morning club. For those who don't know what the 6am morning club is, is, I want to show you a video within our academy. We did this last year, I think, Patrick, when we started kind of working together in August, where every morning you showed up at 6am and you basically did what we're going to do today, which is go through our futures trading roadmap using the levels. So for those who are part of our premium service, you can also access all the recordings right here. There's about 28 days and then we did another session in December and we're gonna start again today. But before we do that and before I pass it on to you, Patrick, I'm gonna show our disclaimer for a second and. And guys, as always, if you have questions, please let us know. Paste it in the comment and just give us a few seconds. All right, I'm going to share your screen, Patrick.

[00:01:21.28] - Speaker 2
Yeah. Welcome. Happy Monday. Market is open. It was a quote crazy. Market open in the overnight. Yeah. So the levels a little bit crazy, but therefore we have the roadmap session. And first things first, sorry for my voice, I'm a little bit sick. But it's, it's, it's okay. So let's do it. Let's do our job. Let's draw a roadmap for today. So basically when I'm drawing a trading roadmap, Fabio will show you later our new trading view indicator where this will be automatic doing for you. So if I'm drawing a trading roadmap manually, for me, this is really important that I have on my shot the mentor queue blind spots for the roadmap that I have also the mentor queue gamma levels when it came to the futures. I'm also really like to have the conversation from SPX to es, from QQQ to nq, IWM to rty, GLD to GZ and ouzo to crude. So this is for me really, really important. The futures levels and a second one, the conversation from the most liquid ones. And last but not least, on days like this where the market is a little bit crazy, don't forget we from Mentor Q we have also our swing trading levels.

[00:02:56.15] - Speaker 2
And this is also a really big part on my trading roadmap princip. So having the swing trading levels also there. So basically what I'm using as swing trading levels and converting, I'm converting from SPX to es also From QQQ to nq, IWM to lt, GLD to GZ and also to cl. So basically that's my, my input, what I'm using to draw my trading roadmap. I will start now on the nq. And for me I'm always starting with the swing trading levels to see where are the swing trading levels. And as you can see, that's the swing trading levels from the qqq. How nice was this working today, Fabi, what do you think? It's still on the point, correct?

[00:03:49.23] - Speaker 1
Amazing.

[00:03:50.10] - Speaker 2
Yeah, yeah. And we see now many risk triggers here. So only as a little tiny overview, I was giving also in the pro member group some overview how I interpret all these levels. So the risk triggers for me it's the weekly levels and I'm using this the same like the high wall levels, but based on the weekly. So if we would now meet this at high wall level, it makes completely sense that we're going now here to the upside. And for the trading roadmap I would say let's map this out because this is a really important one. Here we go. We using our rectangle and we're mapping this out. And on the top we see also our upper bands. Fabio, what are the upper bands? So the upper bands is for me, the one day min and the one day max based on weekly. But Fabio, the upper bands and really short term, what does this means?

[00:04:54.04] - Speaker 1
Yeah, so the model basically provides with two levels, an upper band or a lower band and a risk trigger. In this case the upper band is there because we are kind of like in a bearish bias on QQQ right now. What you see right there, and that's basically the upper bound level that you are the model forecast to have within the next five days. So within the next five days the model forecast the price to be below that, the upper band and obviously then you have the risk trigger at the bottom there.

[00:05:28.17] - Speaker 2
Yeah, correctly only as a little tiny overview. So as I said for, for the trading roadmap, it's really important to have every levels there that you can draw out a really good trading roadmap. So now let's take out our swing trading levels and adding now our blind spots. And here's also something really cool and this is something what I was sharing in in the pro chat. Also, if you see that all blind spots above the price. So we have bla bl7 bl1, everything is above. So this is a strong sign for us. So this is meaning something has happened. And if we see something like this then something has happened as we were seeing today. So as when you be a mentor queue user and you're using also our blind spots and you're still wondering what's happened and you see that blind spots, everything is above or everything is below. Something has happened in the market and this is a really good sign for us to become active in the market. I think Sherry, you'll be here in the, in the comment, maybe you can can say yes or no. I was posting this in the pro chat when this was happened on MBT on the bitcoin futures and I think it was happened also on the NQ last week or the week before I was posting this, I was giving a clear overview how you should use this and everything like this.

[00:06:55.22] - Speaker 2
I was posting this in the pro sheet for you guys. So for my trading roadmap, what is really interesting here on the blind spots at the moment I don't find something really interesting. This is why now let's add also our mentor queue levels. Remember I'm converting QQQ to NQ and have also the NQ futures level there. Fabio, maybe you can really quick explain the difference. So we have the NQ futures, we have the QQQ ETF options and we have also ndx but in really short term and really short information. Why is this so important to look to every three and what's the difference between the option chains?

[00:07:44.20] - Speaker 1
Yeah, absolutely. And let me share my screen. Patrick, one second. So I think one of the key differentiator that mentor queue has is that we can provide you with the levels of not only the, not only the ETF or the index. So here we see the option chain of nq, we see the option chain of QQQ and we see the option chain of mdx. So those are three assets that are very closely correlated. So they tend to move in the same direction. But we need to understand basically that these assets can tell us very different things because we need to understand who is the investor that would trade any of this asset and who is the customer. Right? So if you look at for example qqq, right, you see that the option chain is quite different from NDX or also from nq. Maybe it's more similar to the NQ one. But like also the, the. The amount of gamma that we have on for example Q. Q. Q. Is also different from what we have on NDX. So knowing what people are doing where they are positioned themselves on QQQ is very important. Even though you are trading NQ, right?

[00:09:07.16] - Speaker 1
Think about UBAIs and Q&U buys QQQ. QQQ is mostly traded by long term investment investors like pension funds, asset managers. While NQ might be actually used by hedge funds or by companies to hedge their position. Right. So the there's a little bit different in what type of trading goes into the two assets. So knowing for example, if people are starting to protect against a move on the nasdaq, how is the QQQ reacting? So here you have the three, three data sets that you can add to your charts.

[00:09:44.07] - Speaker 2
That's perfect. And this is one of the reason why I was using also the QQQ conversation for my roadmap. Only for the roadmap and sometimes also to have an overview about everything. So if I'm trading the NASDAQ for me it's really important to see everything, to see everything from the qqq, to see everything from the NDX and see everything from the nq. Also we have the blind spots are helping us also. But everyone is different, Everyone can approach this on a different way. But let me say something about this, about the Mentor Q levels. Do you see how put support was working perfect today? Fabio? It was amazing. And do you remember the last sell off? I think it was last week. Yeah, was last week. And there was also put support really nice, but not on the NQ, but on the es. And it was amazing. Now we have this on nq, the opportunity how you can use this, how you can make money with Mentor Q last week he was having this also on the es. This was the clearly put support and we going to the upside, it was working today also really perfect only as a little tiny information why you should use mentor.

[00:11:00.21] - Speaker 2
And now let's come back to the trading roadmap. So for me what is really important to see where we have clusters, where we have big clusters. So at the moment what I'm seeing here, I see here the clusters between the one day min BL put supports UDT and one day min from the qqq. So basically I mapped this out where I have the next big cluster. So the next big cluster is really simple. So we have to see between the high wall, the high volt zero dte and the put support zero dt everything from QQ and then we have the next one. So we have call resistance high was UDT on the futures levels and then we have also BL7 and call resistance and the gamma was UT. I will not going higher because everything can be happened. Yes, of course. But then you can map this out also this is this is no way to the downside. So we have here the put support from qqq. I would map this out. Everything can happen. I have no idea. No one have the idea what has happened. But for me then when I have a big chunk of this, so when we have a big gap between two boxes, what I'm really like to use, it's not this.

[00:12:19.12] - Speaker 2
Sorry. I like to have my Fibonacci tool. So my fiber and then I'm drawing here my area and fill the gap of the Fibonacci tool. And what are the settings? So people ask me, hey, Patrick, what settings do you use? Really simple. I'm using for my fib retracement the 0, 0.38205, 0.618. And the one why I'm using this because there's no difference. You can draw this from the top to the bottom or from the bottom to the top. And why is this sometimes really good to have? So if you have now here a big gap between from two boxes. So it works most of the time magic. So now you can draw here also your fit box. And you see where we're holding. So look at this. You see it here, Fabio. Boom. This was our box. And what you can do with this, you can also use your. Your rectangle and map this out. And this is something what I would doing also here for the downside. And then take out the Fibonacci retracement. Boom, Boom, Boom. Here we go. Take out the levels, right, the indicators. Boom. And now we having our trading roadmap for the NQ today.

[00:13:46.17] - Speaker 2
Let's go down to the five minute to see it a little bit better. And people asking me always, hey, Patrick, I don't like that we have so many rectangles on the shot. Then I will tell you, okay, zoom in. You can always zoom in. And then you have this like this. And look at this, how nice and clean this was. So here we have our rectangle box. This was from the Fibonacci. As you remember, we were drawing this out of the Fibonacci. How nice and smooth this was working. So here we go. So we was here working perfect.

[00:14:28.23] - Speaker 1
Patrick, the important part is that what you're drawing right there is actually not just looking at price action by looking at price and volume, but it's actually looking at price action by integrating the power of option data to then build basically a roadmap that you can use basically for trading even if you are not using options at all. I think that's the key the key part.

[00:14:53.03] - Speaker 2
Yeah. So I was, remember we was in a call with someone and he was really surprised how the trading roadmap was working, how mental Q levels are working and he was saying, hey, basically this is support and resistance. Yes, you're right, this is, that's support and resistance. But it's based on options data. It's based on data. It's not based on what you drawing as person, what you're seeing on your chart. So you use data and remember we was live with Kieran last week, how important data is for you. And it's really important that you use data, all this data. Think about the big hedge funds, Fabio, how important for them or the institutional is data. You was working for Bloomberg. Maybe you can give us a little overview. One minute. How important for them the data is?

[00:15:51.04] - Speaker 1
Absolutely. So basically like data is obviously the biggest commodity that we have right now and it's going to become more and more valuable in trading. The big hedge funds has already started using data for many, many years. If we talk about all the big hedge funds, they've been integrating a data driven approach over the past 10, 15 years. So now basically other strategies are based on quantitative models. And this is kind of like why we're trying to mimic what we do with the options data to be able to then give you access to signals that can help you then build something like this to be able to trade without data. I think right now it's going to be very challenging because of what's happening with AI, what's happening with the old information that are out there and about it later this week. So if you guys have not seen, we have a series about quant trading strategies. We're going to have a live session this week with one of. My good friend Nick is going to tell us about the concept of data driven strategy, alpha decay. But if you guys have missed one that we did already check out the previous one with Tarsis, we talked about data quite extensively there.

[00:17:12.17] - Speaker 1
So that's a very good one. And it's available for you guys right here.

[00:17:17.04] - Speaker 2
Yep, I like it. Yeah. So data is really, really important. And, and now I will also, if you be in day trader, I fully understand when you say to me, hey Patrick, look at this. So the box, it's near 100 points. It's. The gap is 100 points. That's too much. I have no idea how I should trade this. All right, so when you, when you have always a big gap and you feel not comfortable with this, you can use also the Fibonacci Principle. And then look at this. It's no matter what, you can fill the box also with the Fibonacci and then you can fill the rectangle there. So it's also. If you're using the gamma levels for Mentor Q and you have a big gap there, use. Use the Fibonacci tool and fill the gap with the Fibonacci. And it's the same like here. I'm 100% sure that we see the same here. It's always the same. Sorry. It's always the same. We see it always. No matter what, you can use the Fibonacci. And here we go. Look at this where we came down now. So we stopped here, we stopped here, and now we came down from here.

[00:18:24.19] - Speaker 2
It's always the same. And this is the power of the trading roadmap. No matter if you be in Swing Trader, no matter if you be in Day Trader, you can use it for yourself. I personally was using this very, very often. But for me, I like to draw more my Fibonacci between some levels and that's it. So, and now I think, Fabio, we have also time for some other assess. Maybe crude oil, maybe es, whatever. But give us some comment. I think we have time to cover one other assessed. Write us down in the comment. And the first one we will. We will pick say yes, sec, crude, say gold, whatever you want. We will cover this. Give us some. Some comments. Let us know.

[00:19:12.12] - Speaker 1
Yeah, let's see.

[00:19:22.02] - Speaker 2
And maybe in the. In the meantime, Fabio, you can share our new trading view indicator. Yes. Yeah, let's go. We're going to es. And here we go. So I will remove my drawings here. And now we go to es. Es, here we go. So first things first. I would start with the swing trading levels. Oops. Where they are. Okay. Maybe I have to restart really quick. Sometimes this happened to me. Just a moment.

[00:20:15.22] - Speaker 1
Maybe I can show yes on the new indicator.

[00:20:20.07] - Speaker 2
Yeah, let's go.

[00:20:22.16] - Speaker 1
All right, so what we're going to show you now is. Let's go to. Yes. So it's basically a preview of our new indicator that will be released in February for all our premium members. And basically what we have right now is our end of day levels. We are also going to have our intraday levels available. So what's going to happen in February? You're going to get access to these indicators right here. You have our intraday levels, our blind spots level or swing levels will be there as well. And our end of day. So right now we're using yes. And we're Showing you the end of day levels. Of course there was a big drop during the night so we, we broke down the one domain, we broke down output support. But what we can now do within the indicator. So first thing is you don't have to input the levels anymore. So for those who have you used our tools, you would have needed to input the levels before because of some training view limitations. You don't have to do that anymore. So all the levels are here for you. And basically you now have the ability to create the roadmap directly from the indicator.

[00:21:43.20] - Speaker 1
So what you have right there is basically an automatic roadmap that is being created based on the levels. And then what we can also do is do exactly what Patrick was doing which is remove the levels. And then now we have our roadmap for yes right there. And this is not based again on pricing, is based on gamma levels. Right. So options data directly through there. What we can also do on yes is convert our SPX levels. Let me see if this works.

[00:22:43.08] - Speaker 2
It.

[00:23:09.20] - Speaker 1
Let me see if that works. If not I'll pass it back to you Patrick. But basically you can then also convert. Okay, I'll pass it back to you.

[00:23:22.09] - Speaker 2
Yeah. So as you know this is why the new indicators at the moment under test. So we're testing everything. So we're working on this. No worries, it will be work if, if we will giving the release to you, everything will work. So no, no worries. And now let's come back to the ES with the trading roadmap. As I said so the swing trading levels are the number one who I will be looking for. And we can see how the swing trading levels was working today. Really good. So we are at the moment in the middle of everything and to draw the roadmap it's a little bit complicated because what should I map out? So basically what I would be mapped out. What makes really sense on my view is using the lower band here and the wrist trigger here. Don't ask me why I'm mapping out this because I think that's the point where we have a strong support and resistance between the lower band and between the risk trigger. This is what I am thinking what I'm feeling. And now if we came came to the top, I'm like to have also the risk trigger here and the upper band as my support and resistance area.

[00:24:38.22] - Speaker 2
And now let's add also the blind spots and take out the other levels. So with the blind spots now everything becomes a little bit clear what we can have and what we can can get today. On the ES. So I like this area between BL4 and BL2. This will be my next support and resistance area based on options data. So here we go. Take out the blind spots and adding now my gamma levels. So remember I'm using SPX to ES and the ES futures levels. So and here we go. Here we have our resistance. So we have put support and one day min from the spx. So basically this is my area what I'm really liking. And also I was drawing before this retangle but I can see that I can take it a little bit more to the downside to one day min. And here we have the top on high volt zero DTE and put support. And I think basically that's enough. So if we fill the gap. Perfect. Let's take a look to the downside. If we have something on the downside at the moment we have also our put support here.

[00:25:53.24] - Speaker 2
So it's the same what we was doing with, with the nq. So drawing our Fibonacci and then connect the risk trigger to support. And now we can map out our area here. It's also based on based on options data because I connecting the risk trigger with the put support, it's based on options data. So it's the same way. Everything is based on options data. Nothing is based on my personality. Everything is based on data. And this is, this is one of the key. Take out this. And here we go taking out the indicator. Here we go. And now we having our trading roadmap or es. This is how I would be playing this today. And if you have a gap where you feel not comfortable with, of course you can use the Fibonacci tool for you. Fabi, what do you think? You unmute, you have to mount yourself.

[00:27:08.15] - Speaker 1
I think it was great. Yeah, I think it's very, again, very simple. Take option data, connect the dots and leverage it for planning your strategy. So yeah, I think, I think it works. Works really well. The new indicator will do that automatically. So that's going to be a big announcement that we're gonna release in February and yeah, I think, I think this is great. Let us know guys if you have any questions.

[00:27:42.11] - Speaker 2
Yeah, let us know if you have some questions, guys. So it's a really simple approach and this is something what I was doing in the summer every, every single day with you guys drawing the, the trading roadmap. And yeah, we have also a session on Thursday. We're drawing a next two roadmaps here on Life when we outside of the community. We're speaking more about how you can do it more easily on more stuff. But if you be in the community, we will have really soon some other sessions also with the new indicator, maybe taking more and more details.

[00:28:26.21] - Speaker 1
Yeah, absolutely. And then today we're gonna have another two live sessions. One is our macro update at 8am and then we're gonna have a strategy, a session about advanced strategies with options. This week there's going to be a lot of earnings releases, so Dan is going to go through how to prepare for those. So we're going to go over that. So this is going to be good at 10. And you guys can find them all in our live. And please follow us on YouTube so you don't miss any of the sessions. And for those who want to learn more about mentor queue, please check out our website. Everything that we showed you today is available for our members. Yeah, and I don't know if Patrick, you want to add anything. I also add the email here. So info mentor q.com so if you guys want to ask any questions, have any doubt on on the models want to learn more about what we do, please send us an email. We reply to every email.

[00:29:26.17] - Speaker 2
Yeah, and I like one comment from second Dominion. Thank you guys. One note. Fibonacci works different based on overall gamma condition. Works best in positive gamma. All right, I will check this out. I was really never looking to this when it works best on negative or positive camera. But thank you for your note. Drew, is it possible that the intraday levels update the indicator automatically at some point or manual update? Yeah. So I think I can pass this now to you, Fabio.

[00:29:59.14] - Speaker 1
Yeah, absolutely. And Drew, in February, as we mentioned, the update will also be available for intraday. So what you see here is our intraday indicator. You can see the timestamp right there. So the latest update was from Friday. So this is the latest internal data. New intraday levels will be coming as the market opens. But as you can see, the levels are already in the indicator. So those are already updated for you right there. And then you also have the end of day data right there. So here you will see. Different levels once they're available right now.

[00:31:04.22] - Speaker 2
And yes, I think Fabio can say something about this. Also Nick was asking, does Mentor Q provide option flow for crypto? If so, how well they respect the levels.

[00:31:18.05] - Speaker 1
Yes, absolutely. So we provide options data on the crypto futures. So if you come here and look at MBT for example, you can have basically our models based on option flow on crypto futures. In a few months we're gonna actually release our gamma levels on Spot Crypto. So Bitcoin and Ethereum that that is coming soon. Q1, Q2, 2025. But right now, yes, you have the MBT futures and you also have the ETFs so you can actually look at for example the Bitcoin ETF and basically look at the Netcam exposure. And we've seen a big flow in DCT apps in terms of option data. So the actual volume of option is actually pretty relevant. So you could actually convert the IBT levels on Bitcoin if you trade Bitcoin or you could also use the future if you're using mbt.

[00:32:27.17] - Speaker 2
Yes, it's great. It's amazing. Yeah. And I think we cover everything. What is really important for the trading roadmap, how the trading roadmap is working. And also we're giving you the update that the trading roadmap comes also in the new trading view indicator so that you have not to map this out anymore on yourself. So you can do this with intraday levels, you can do this with end of the day levels and you can do this with the blind spots. So everything is possible. It will be released very, very soon. And Fabio, I think if we going now on our price page we, we have some surprise for you guys. So at the moment we run a 50% offer for the monthly only for the first time user. So you can have now 50% off on premium or you can have 50% off on the pro subscription, what you get on the pro subscription. So basically Every Monday at 4pm we meet us in a roundtable with where everyone becomes accountability. Everyone is sharing what he was doing in the last week, what he was learning. So we helping each other to grow as a trader also it's amazing group get feedback from, from, from ever what you want.

[00:33:45.16] - Speaker 2
And we have live sessions, we have two live sessions. It's on Tuesday and it's on Wednesday. So this is basically something what we offer on the Pro also the Pro community. Really, really amazing. If you want join us, you have also the opportunity to try it out with the 50% for the first month. This is what we're doing and I hope you was enjoying the sessions today. But as Fabio was saying, we will come live again. So we have two other live sessions today. This will be amazing and yeah, thank you for your time ladies and gentlemen.

[00:34:22.24] - Speaker 1
Thank you. Thank you Patrick as always and see you guys later. Have a great day.

[00:34:27.14] - Speaker 2
Bye.