Live Session – May 5th 2025

[00:00:00.06] - Speaker 1
Of.

[00:00:03.07] - Speaker 2
Oh, thank you Patrick. Yeah, I forgot to that to do that. So we always start with the dashboard. So let's go over the disclaimer one second, one more time with the recording and then we start looking at the dashboard, looking at the data and then we go into the chart and we go into the market and then I'll pass it on to you, Patrick and Peter. Yeah, so, so first step is what we do is typically look at what's happened as of end of day Friday. So we are now back in a very heavily option score on spx. So we are now kind of like back in positive gamma. We are in a very high option score. So let's remember that the Q score is being developed to give you an idea of where we are with the asset and how can you look at the asset in a few seconds or a few minutes a day. So we were in a very, very bearish territory. Maybe two weeks ago we were at a zero option score on spx. Now we're back at five. So the score goes from zero to five. So as you can see here we start seeing a lot of like positive gamma and positive position in piling up at these levels we have our core resistance of 5800, our HY level 5575.

[00:01:20.20] - Speaker 2
And then of course we can see how everything is on the different expirations as well. The swing model has also now become bullish so we are now seeing a lower band. Very, very interesting even though the market today is down. So we're going to go into the market later and basically a monitoring, monitoring how things change and how the score can, can be very helpful. We can do the same on, on the queues. So if you open qqq we still see positive options positioning. We are negative, slightly negative on seasonality, but we are back in positive gamma. So very, very important throughout the session. We're also going to monitor the intraday to see what happens at the open in about 20 minutes or so. But besides that, Patrick, let me know if there's anything I should cover or if not I can pass it back to you guys.

[00:02:20.20] - Speaker 1
Yeah. Is there otherwise we have upcoming earnings, so AMD is upcoming. Maybe Something is really interesting for some people who are thinking about placing some trades based on amd. Is there something what you can also see?

[00:02:38.18] - Speaker 2
Yeah, so I think last week we did some really interesting earnings analysis. We were looking at the data on Microsoft and Meta. The option data was suggesting a bullish outcome. That's exactly what happened with with Meta Microsoft last week we can look at amd. So again we see a very high option score. So we see an overall quite bullish positioning around the option chain. So we see we have our core resistance at 150 and our put support at 90. The swing model is also bullish. So over the next 20 days the lower band is at 84. We can also look at the success rate here. So 85 over the past 100 days the model was successful. So that means, doesn't mean that obviously we can predict the future but ideally this is the level that you guys should be watching for the next 30 days on AMD 84. And of course we have a risk trigger of 113 to the upside. If we look at the matrix we are kind of like in a positive gamma environment here. Across the short term of the chain we see some negative gamma on June opex month. And then of course we are going to do some more advanced session but we did a very very interesting session with Ryan last week on how you can use the smile to understand where the market is looking to the downside and how the implied volatility changes across the curve.

[00:04:16.13] - Speaker 2
This is more for a more advanced session on options but looking at these volatility models can also tell you what the market is forecasting. Looking at term structure and the smile. And we did touch base last week. So if you go on our YouTube live, you guys can also access the recording of that webinar. Very, very interesting if you missed it.

[00:04:37.19] - Speaker 1
Why is this important for the people to look into the smile? Everyone is talking about this but I'm also not an options trader, I'm a futures trader. But why should this be important to look into this?

[00:04:51.11] - Speaker 2
Yeah, because what, what the smile and the term structure they are telling you how the market is pricing forward looking volatility. So if the market for example, it's very interesting. Like if we go back and I'm going to bring up Tesla and we did a case study on Tesla, we sent an email over the weekend but basically like you can use the smile to understand how the market is pricing downside move compared to upside moves. So in the case of Tesla if you go below the 200 you can see how the implied volatility suddenly is very very high. So obviously now the, the, the sentiment on Tesla has gone. We're back in kind of like a bullish strategy. Weeks ago we were really, really bearish. Right. So the market was pricing in a lot of like downside move. And you can use the smile to understand how this implied volatility is being priced in. And therefore you can understand whether it's. If you're an option trader, you can understand if it's a good time to sell option or buy option. If you are a directional trader, you can understand where the market is pricing a downside move or upside move.

[00:06:03.19] - Speaker 2
Right. So if you see a very strong smile towards the core side, then you can see that maybe the market is forecasting a very, very strong upside move. And therefore you can use that data also to trade futures because if like Tesla moves, the NQ will move and so on.

[00:06:22.22] - Speaker 1
All right, that's a good information. And let us know guys, if you'll be interesting in letting. Let's to start with a routine trading routine. We are here to support you. So the market is open, the market is strong to the upside. I have some long position on the Russell and on the nq, but we are also here to help you. Yeah. So if you have any questions, how to prepare for the market. I was personally looking into the put support 0dte on the Russell and on the NQ because both of them was struggling a bit when the market was not open, the stock market, so the futures market of course is always open, but the put support zero dte, we were struggling on both sides. And this was one of my entry, what I was looking for all the time. And this is something where I think we can, we can go into this. If you have any questions, let me know. But Fabio, I have to pass this really quick to you.

[00:07:37.14] - Speaker 2
Sorry, say it again.

[00:07:40.03] - Speaker 1
I have to pass this to you really quick. I get a call from the kindergarten. Sorry, I have to call back.

[00:07:53.17] - Speaker 2
All right. And then Peter, maybe like if you want to let us know what you're seeing, we can see your screen now. So guys, I think you should be able to see Peter's screen. Let us know like your setup and how you've been trading this morning and what you're looking at.

[00:08:09.15] - Speaker 3
Early in the morning I was, I was short context because what my intermediate time frames were showing me that we were kind of bailing out of so the majority of Friday's range. And I, I took a stop and then I went long because based on the data and the analysis, so we're kind of just right in this spot. Are we short? Are we long? But things are telling me now bullish data's telling me that. So that's kind of what I'm doing here. I got couple of micros on long and, and I'm using, once I analyze that, then I'm using the major Levels, the gamma levels as areas to get in and then under and above. That's I'm kind of using and met using it as my Rs. Right. So by it, it automatically is taking care of my, you know, risk reward and it's giving me a clear picture. If we go here, that's my targets. Two to ones, three to ones, runners, whatever. So yeah, I'm bullish right now and I'm. And I'm still wrong again for now. But yeah, I'm staying small. That's the plan. Prime up the week. Stay prime small and then you can always fix yourself later.

[00:09:16.01] - Speaker 3
And also of course, yeah, we have FOMC midweek this week, so expect maybe some kind of maybe range until we're not of course. Right. So and again, leaning on all the levels on execution. I'm. I'm always on my mentor chart because I've already looked at what I need to look and now I just need to get in a. In a level, create a cushion for myself and then a destination. And that's what I'm doing with MQ with mentor Q.

[00:09:43.04] - Speaker 2
Nice.

[00:09:44.13] - Speaker 1
All right, so I'll be back. Sorry guys for the interruption, but if the kindergarten is calling me, that's could be important. So. Yeah, again, so yeah, what I was telling you was we are sharing our screens with Zoom. You have Peter's monitor. You have two tabs there. So you have one is from Peter and one is my tab. And if you click on my tab you can, you can see really that as I say. So the put support was all day long. Are we trying to breaking out from the foot support? We was not able to do this as you can see here on the Russell on the 30 minute time frame. And also look at this how often we was trying to fall down from the foot support on the nq but we was not getting this. And then we was trying this to get a little bit to the upside but now we're failing. And this was something what I was observing today and I was trying this also. I was trying this two times to getting long on the on on the foot support. I was getting out taking my profits because I see that it's not not working.

[00:10:59.19] - Speaker 1
Trading always your trade idea. This is so important. I think my trade idea was long put support. If this doesn't work anymore, getting out, don't hold to losers. Cut your losers very fast. And also for the Russell, I was a little bit too late because I was focused on what Fabio was saying and, and also that everything is set up on my side for the live stream. But I was seeing that getting also the big handle on the Russell and we was breaking the put support. This was one of my idea what I was looking into it and. And this is already what I'm looking for because put support zero dte. Fabio, why is this important and when zero dte levels are really important.

[00:11:49.01] - Speaker 2
Yeah. So basically zero dtes have become increasingly important I think right after Covid. But this year especially I think we've seen the largest volume of 0 etc in February during the tariff announcement. So 0 ETs levels are very key because the delta of this option changes very very rapidly and is very sensitive to price changes. So as a futures trader that you don't trade option but you want to like look at how this level can impact understanding where there's a lot of gamma pressure at the zero these levels is very key because the price could actually move very very fast because there's not a lot of time to exploration. So very very key.

[00:12:35.10] - Speaker 1
Yeah, correct. And also we get in one minute economic data. I don't like to get in in the market when we're getting economic data. So that's why I, I will not getting in the trade anymore. My, my trade idea is working good support 0dt but I know exactly we're getting economic data release and I would be waiting for this a little bit and then let's see how the market react on economic data. My trade idea again put support 0dt long. But I'm also ready to short the market. I have. Yeah, that's something what I'm looking for es. I don't know. I'm not looking at the moment to. Yes, because if you're looking to the es we are in the middle between the one day min and the put support zero dt. I don't like it. I want to see that the ES is maybe going above one day minus. Then this will be really cool. Or if you're touching put support zero dt on es and then maybe for the long again or if you're breaking put support zero dte targeting the high volt udt. But at the moment the ES is absolutely not my favor.

[00:13:53.11] - Speaker 1
It's more like NQ and the Russell. What's with you, Peter? What is your favorite at the moment.

[00:14:04.13] - Speaker 3
Between those two equities.

[00:14:06.11] - Speaker 1
No, in in totem.

[00:14:10.11] - Speaker 3
Equities are fine with me as long as I stay small. You know, last couple weeks with the ball spike I actually took a little lesson myself that even my sizing was as small as I thought it was. Was too Big. And so it's been a comfortable like I don't mind. I like the follow through on NQ much more than es. Be honest with you, I feel there's a little bit too much derivative around this thing. So follow through is tougher. So as long as I keep small and get these best areas, I prefer mnq. But since we have a big awesome crowd here today, I wanted to share and I posted this in the Futures room and Mentor Q we've been observing here in the pro room different products just to look, you know, share ideas. And one of the awesome things about MQ like Fabio and Patrick are always right. You know, you don't have to know options to use these options levels as levels. If you have any kind of basic experience and like support resistance and momentum, that's what Mentor Q is going to complement for you. And we have this soybeans.

[00:15:09.15] - Speaker 3
So you know, I like to look at different markets. That doesn't mean I trade them all, but just that there is a lot of opportunity in the future.

[00:15:16.04] - Speaker 1
You speak again about soya beans.

[00:15:19.09] - Speaker 3
Yeah, I know you guys joke with me in the pro room. I wanted to share that with the community here. We got a growing crowd and you know, there's probably different traders guys and look, I mean we overlay. This is something with Mentor Q at least you know you can do, right. A lot of other companies, I don't know, I don't see the feature but Fabio and Patrick have developed like the ability of overlay. Again, I'm probably speaking to the choir the most here. You've got a lot of experienced traders, but there are still people that don't know. And look, I we find that if we overlay a correlated product such as wheat over soybean because their option complex is probably a little thicker. I don't know, it's been holding really good levels and you can almost and this has been couple few weeks. We've been just tracking it. You know, last Thursday we had one day men on wheat and I put support too for soybean. We had longs and we made it up on Friday to the HVL on wheat to the ticket, not soybeans. So it's been very, very interesting. And this is the kind of ideas you can create.

[00:16:27.06] - Speaker 3
Amazing things with men Q. Yeah. So back to the trade room part. I just wanted to throw that out there because we have 54 attendees now. Guys, good morning everybody around the world. And I think that this is that kind of stuff that when you ask the question about what's the preference sometime people prefer to stay hey agriculture or this and that. When the the noise in one thing is too tight or there's too much it's harder. You have a lot of other options and soybeans is a great transition for equity traders ES traders particularly because the way it's priced real simple by the tick and point so it's like a price point wise it's easy transact transition. So yeah I mean this it's just so beautiful. You just can't make this up and yeah I did I hope I answered that I any questions?

[00:17:27.24] - Speaker 1
So at the moment this is something what I'm always observing very very often. So if you're looking now to enqueue and for correlating you see that the NQ is going straight to the upside a little bit and the ES is not following at the moment.

[00:17:46.03] - Speaker 3
Yeah so yes.

[00:17:47.18] - Speaker 1
So we we have at the moment we have two great opportunities. Maybe we see that ES is spiking and follow the NQ or the NQ will follow down but at the moment I think more that the ES will follow. That's why I have here some limit order. So so let's see if we're getting foot so if you're getting the breakout. So this would be I think the one name index 3 but I want to see which follow truth we get did the ers will follow through the nasdaq. If yes this will be a great spike to the upside for sure on the ES or it will be a nice fall down from the NASDAQ and as long the ES is doing nothing I think the NQ will be not going far away. So yeah let's wait and see. I think I should be close my pending buy order. So here we go. Take it out because that's something what I want to see.

[00:19:00.19] - Speaker 3
Yeah you're right I did rush into that one. Yeah I was feeling the same pre market ES has been dragging along NQ and Q was attempting I felt first my short was same thing kind of exploring lower and ES kind of dragged it and I'm feeling the same now it's just kind of like putting sales on it and of course you got news in 10 minutes.

[00:19:25.12] - Speaker 1
Yes. And here we go. Yes goes down and what we're talking about NQ is for stopping so but it's only observing. I like to observe the market and become a sniper when there's a good opportunity to take it. So let's wait and see. Bio did we have the new snapshots already available?

[00:20:00.16] - Speaker 2
Not yet. Five. Five minutes or so.

[00:20:04.06] - Speaker 1
Okay. Yeah. Let us know if this is ready and we can take a look into this in the change because for all the people who are new at Vento Q, I think with the new release we have really good stuff especially to see the difference from each snapshot. This is really, really powerful. And maybe Fabio, you can show us this with the opening snapshot. Because this is something what I really like to use the opening snapshot. So now I think the imperial system bad opportunity. But again we have an 8 minutes the hourly close and we have the next economic data release. I don't like it to going into the market again if we have economic data showing up and also the hourly close. Everything can be changed with the hourly close. What I mean with the hourly close at 10am that's for me my hourly close. There we get clear direction or something has changed. SPX below Intraday High Volt zero dte. That's good. And welcome. Also Jordan. Let me know if you can speak. We have also Jordan here. Jordan is also one of our trader buddy. He's also in the brew group.

[00:21:48.21] - Speaker 1
Yeah.

[00:21:55.02] - Speaker 2
And I think Patrick, one thing would be interesting to see. Of course we have maybe beginners advanced traders here. When you take a trade, understand how you plan. Kind of like the idea behind it. So whenever you go in would be very interesting to understand. Like.

[00:22:09.23] - Speaker 1
Yeah, so. So I was sharing this before. So my, my first trades what you can see on my shots. So you, you see, you see it here. I was, I was trading the put support zero dte. I was thinking like okay, go long on the put support zero dte. Why if you scream out a little bit, we see the support. So the put support gives us good support. It's not meaning that put support. The UDT is support by the name. But it was showing us great support. And also we have a little bit pin risk here. I think we can, we can name this as Pinwis Fabio. Yeah. When we see something like we hang around on the put support all the time. It was not moving. And this was my trading idea first. So okay, go long on the put support zero dt. This is what I was trading when. When the trade was no more valid. Like here I. I take my profits because I don't like to to lose first my profits and seconded to trade against me too big. I don't like it. And that's why I was getting out. And the same principle was also on the Russell.

[00:23:25.09] - Speaker 1
So we came down overnight. Really, really good. And then we we bouncing all the time on the put Support and my idea was. Okay, going long and we're breaking the put support ct. And now let's see, we have five minutes. The NQ is strong but now I'm focused more on the ES factor because it feels like that the ES is waiting for something.

[00:23:55.21] - Speaker 2
Yeah.

[00:23:56.18] - Speaker 1
We stay at all the time in the range and this is something what I'm observing now if I want to go long. Okay, where can I place my stop loss Below the low here. So maybe I can place my. My stop loss here or I'm using the put support zero dte. But that's something where I have at the moment a little bit more. Yeah, I like it a little bit more again actually. So five, six, five zero. So here we go.

[00:24:36.22] - Speaker 3
The tricky part is four minutes to. Yeah, but it looks. Yeah, it's a good one.

[00:24:46.06] - Speaker 1
So basically that's my trade idea. Fabio going long. Okay then. And this would be meaning be breaking one day minute sweep put my stop loss near put support dividity or a little bit lower. But again you get four minutes until we getting some new data. For me at the moment, it will be a coin flip to go long or short because four minutes before hourly close. Four minutes before and next economic data. I don't know.

[00:25:19.17] - Speaker 3
I know, that's just sucks. Yeah.

[00:25:25.23] - Speaker 1
Bobby, let me know if this clear.

[00:25:30.08] - Speaker 2
Yeah, absolutely.

[00:25:51.04] - Speaker 4
Patrick, can you hear me?

[00:25:53.12] - Speaker 1
Yes, welcome.

[00:25:55.06] - Speaker 4
Thanks. I'm here. I'm just on my iPad. I'm not in my office, so I'm not really trading. But I'm kind of listening to you and looking at the charts.

[00:26:02.16] - Speaker 1
By the way, do you get your payout from top. From top step?

[00:26:05.24] - Speaker 4
Well, it's. It's been withdrawn from my account so I'm waiting for it to reach my bank, so.

[00:26:11.04] - Speaker 1
Oh, how much is it again?

[00:26:13.10] - Speaker 4
25,000.

[00:26:17.14] - Speaker 1
Congratulations again.

[00:26:21.10] - Speaker 4
What I was going to say is for me here, I would just. I wouldn't have taken a trade until we got to one of the method Q levels. Looking for reaction for one of the levels before we were like right in the middle of put support 0dt. I think it's his Monday name. So I would have looked for until the guts are there to where we are now.

[00:26:46.24] - Speaker 1
That's a good point. Yeah. Yep. Let's wait and see. Patience is key. So I like be patient. Two minutes left. Now we're touching the one day min. So Bobby, I think we must now get the new data. Yeah.

[00:27:22.17] - Speaker 2
Yes, we have it. Let me just.

[00:27:24.12] - Speaker 1
All right, let us know.

[00:27:27.18] - Speaker 2
Yeah, one second. Give me a second.

[00:27:31.18] - Speaker 1
If Fabio is sharing for all the ones who are not so comfortable, comfortable with zoom. So you can switch to Fabio stream anytime.

[00:27:56.15] - Speaker 2
One second guys. Let me just pull up the levels. You guys should see my screen now. So here what you see is the. Well actually, sorry, this is still the 745. So the levels are going to come actually in a second. But what we see from the dashboard is this is the opening and this is going to be the levels. Let me just add them here. One second. Let's use our custom level indicator.

[00:28:47.16] - Speaker 1
Oh.

[00:28:50.07] - Speaker 2
So what you can.

[00:28:52.21] - Speaker 1
Sorry, what is.

[00:28:56.19] - Speaker 2
The one the mean shifted slightly lower. So we're now at 5579 and the put support 0dt is on the intraday side, moved up maybe 2030 points right here at 5620. If we look at the dashboard, obviously the opening was kind of negative. So we have a lot of negative gamma, especially at this level right here, 5690. And then of course let's go through the liquidity summary. So we are back in negative gamma. So we were looking at positive before with the intraday snapshot we're now back at negative. So we're still in a put dominated environment. And then basically the Jax went down 132% compared to Friday's close. So pretty big number. And here you can see the top volume strikes right here. And then of course we can look at our positive and negative strikes. Let me know if that makes sense, brother.

[00:30:10.01] - Speaker 4
So yeah, so Fabio in that, in that scenario is that, are you interpreting that as bullish or bearish?

[00:30:18.21] - Speaker 2
In this case it looks like it was bear. So but until last week we. So this is the data that you see as of the close of Friday. But as we can see this is the difference from this morning 9:35 to Friday's close. So something of course happened over the weekend and now at the open we are now repositioning towards kind of like a more bearish scenario right here. It doesn't mean that obviously we are in a, in a bearish scenario but we went now from positive to negative gamma back. So be interesting to see what happens at the end of the day and tomorrow with the end of day data for. From, for tomorrow. Let me know if that makes sense.

[00:30:59.13] - Speaker 1
Yeah, makes sense. So to explain why I was getting out on my ES trade again. So I was in, in the ES trade, as you can see here, I'm getting out because I was seeing that correlation so that we're struggling on the NQ on the Gags 4. So if you see this Here on my shot. So you see that we're struggling at the moment to go into Gags 4 and also we have a movers to high volt. So that was for me on sign. Okay. Maybe it's better to take profits. This doesn't mean that I'm losing the trade. So I'm taking only my profits. And as you can see, I was placing again some new buy order, but it's not filled. And if I get. If I get filled, then all right, we get it. But I'm not losing any more my profits. And that's something what I'm really, really like holding on on the profits. Because if, if this is now the end of the move, okay, then I'll be right. I'm taking my profits. If the market will be pulled back to the upside. Okay, I get filled again. So that's basically how I'm using this.

[00:32:24.04] - Speaker 1
This is what I'm using. Always be quick and move.

[00:32:30.00] - Speaker 4
So Patrick, if I, if I was trading this right here, I'd be looking to go long off of the retest of GEX3 for a move higher with a tight stop. But it may not. It may not work. But that's, that's where I would be looking.

[00:32:49.02] - Speaker 1
That's great. Yeah.

[00:32:50.03] - Speaker 4
To move. To move back up to HVL0DT.

[00:32:56.05] - Speaker 1
Yeah. But now let's see.

[00:32:58.05] - Speaker 2
So.

[00:33:03.12] - Speaker 1
I won't see first that we're breaking out from the range. So I don't like it. You like it. That's good. But what I personally not liking is that we stay here.

[00:33:20.17] - Speaker 4
This is an important area right now.

[00:33:22.13] - Speaker 1
Yeah. So that's basically the supply and demand area. I don't like it. So between high wall 0dte and GAG3, this is something where we can, can can get catched. People on Bookmap would be say stop hunting. I don't know. This is for me my. It looks like here we can catch something.

[00:33:45.24] - Speaker 3
Yeah. It's like sweeps. These are like they swept up on news. Sweep, sweep down into mid vwap point of control. This is kind of what these book mappers may, you know, look at. Right. And then.

[00:33:57.17] - Speaker 1
Yeah. And if you're looking again. So if we also look into the Russell. So the last three candles, they are crazy. A huge candle. So in the moment, at the moment, we have no idea what the market really wants. So that's. That's for me and science. So the only, only one rules at the moment strong and is looking more for the upside to breaking gags for is the end too. But the, the Russell and the E.S. i don't know. I I don't see any follow truth at the moment. So the the Russell we must not looking for for the truth. That's the Russell is the Russell. I don't care about Russell follow truth but the es. So we don't get any follow truth on the es. And this is something what makes me a little bit nervous today. And also it's Monday we was talking about fomc. We have FOMC on Wednesday. Yeah. So I don't know normally if. If you having bigger money maybe you can position yourself now or you wait and this is something where I would be also take care of. Don't go too crazy. Don't go too big. Of course it's always good to making some profits but big but don't take so much risk on on the market at the moment it's making completely no sense and we were seeing this very often in the last few days.

[00:35:30.18] - Speaker 1
Fabio, correct me if I'm wrong but how people are taking stupid losses and possible blowing up accounts. So that's something what's what is not. What do you really like? So at the moment I'm being profit with thousand US dollars from my for my trades what I take on ES on NQ and from Russell. So that's good. So I be in a good position why I should be better on it. That's it what it is.

[00:36:09.15] - Speaker 2
And if I can ask you, Jordan, given that you are here and thank you for being here, can you maybe like give us an overview of your best setup using the mentor queue levels for to help people that maybe are starting to learn how to use them and maybe how you use them. That would be awesome.

[00:36:27.09] - Speaker 1
Okay.

[00:36:27.24] - Speaker 4
I the way I love to use them is to look for scalps off of the major gamma levels. So I Look look for 12 and a half points on NQ and 10 ticks on yes. And I like to play when it comes brand new into a important gamma level. I look for a a rejection off of that level. So for instance, I'm sorry, I'm on an iPad so it's a little bit hard to see. But like for instance, if we were to hit that HVL0DT on the yes, I would look for for a rejection off of that down for 10 tips. Because what I'm finding is that a lot of times when they hit these major levels the market makers will step in at least for the time being and give a reaction. That's what I'm looking to take advantage of. So that's that's the majority of what I do. Then I'll trade. I do that with mini contracts and then with micro contracts I would do a longer position. In other words, find strong levels and look for, for longer larger moves. But I, I really find that the men Q levels are great for scalping off of so that's kind of my main strategy.

[00:37:54.18] - Speaker 1
That's awesome.

[00:37:55.13] - Speaker 2
Thank you.

[00:37:56.20] - Speaker 1
Yeah.

[00:37:57.23] - Speaker 4
And I mean you'll find those at the, at the, the like GEX 1 GEX 2 guess 3 gets 4 the put support 0dt put support car resistance 0gt call resistance and your HVL levels. That's where I usually find.

[00:38:13.20] - Speaker 2
And typically Jordan, how long do you stay in the trade for those scalps? Like a few minutes or a few seconds.

[00:38:20.03] - Speaker 4
As long as it takes. But I mean usually, usually they happen within, within a minute. Okay.

[00:38:26.23] - Speaker 1
Yeah.

[00:38:27.09] - Speaker 4
So I mean usually like especially with the nq you'll get a re. Get into that level and it may go you know, five or ten points after above it but a lot of times it'll just hit it and, and turn right around and move down. Well I mean you could see like so Patrick's looking at the NQ right there and I think it says GEX4 like it moves right into it and then reversed. So that would have given you your, your 12 point scalp or templates. You see what I'm talking about there?

[00:39:00.11] - Speaker 1
Yes.

[00:39:01.16] - Speaker 4
Yeah. Yeah. So that's, that's, that, that's how I like to play it. And also that leaves you less the to look Trump when Trump speaks or tweets or something. You're not in the market as much Take your money, get out.

[00:39:31.14] - Speaker 1
Wait, let's see. I was taking along on the ES so G3 one day min. G3 break. I'm, I'm battle on this but if this doesn't work I'm getting out. So I don't want to take too much time this because I want trade only my trade idea. My trade idea not working. Then there it is, it's done. But for the people who also need one day man. One day very very often why people loving the one day minion one day ma.

[00:40:36.03] - Speaker 2
I think so the one day mean and the one the max I think is a great way to first manage risk but also understand by looking at probability where the price could end up. So even though for example you see the move right now we broke down today but now the price is kind of gravitating above that level.

[00:40:59.12] - Speaker 4
Right.

[00:40:59.22] - Speaker 2
So I think the one domain and one day max can provide you A very good idea where we could see a reversal. Sometimes it's right at the tick on the one the minimum one the max depending on the day. But it's also like a very, very good sign for your entry or exit points. So if you are, let's say in this case, let's say you were long slide above the one the minimum, the one dominion could become your stop loss. If you are in a profitable trade and you're looking for an exit target, then the one the min or the one the max could become your, your target area. So I think they're very, very good for risk management trade entry and, and basically to spot potential revers.

[00:41:56.04] - Speaker 1
It. Oh, let's see.

[00:42:23.17] - Speaker 4
Kind of a boring market today.

[00:42:26.08] - Speaker 1
What do you think?

[00:42:27.17] - Speaker 4
It's kind of a boring market today.

[00:42:30.04] - Speaker 1
Yeah, not so much price action. But John, remember everything is boring after we're getting the volatility from the terrorists. So you know when, when the, the first volatility is gone and we was trading it was feeling like, oh man, nothing has happened.

[00:42:54.05] - Speaker 4
Exactly.

[00:42:56.15] - Speaker 1
It's extremely boring. Yeah. So sometimes you miss the volatility and sometimes you think like oh, that's too much. So.

[00:43:10.05] - Speaker 3
I was looking away to word that too.

[00:43:13.15] - Speaker 4
Patrick, you may want to drop your NQ charge and your RTY chart down to like 5 minutes just because it's easier to see what's going on for people.

[00:43:23.19] - Speaker 1
But not, but not for me. I'm being a trade, so.

[00:43:26.14] - Speaker 4
Oh, okay.

[00:43:27.15] - Speaker 1
If this is easier for you to read, then open your trading view. No worries. But I have to follow my trading path.

[00:43:41.08] - Speaker 4
Yeah, yeah, yeah, I just thought you were just.

[00:43:42.23] - Speaker 1
Otherwise, otherwise we can, we can, we can talk about if I'm taking losses. So. Yeah, we make 50. 50. Yeah, it's hanging around on the stereo. Yeah.

[00:44:08.01] - Speaker 4
Hey Fabio, I have a question for you. Are we. Is there anything in the plans to get the intraday levels on the futures?

[00:44:19.20] - Speaker 2
Yes, it's a matter of data licensing. Right, we'll be working on that. Absolutely. As we grow throughout the year. Yes.

[00:44:30.03] - Speaker 4
Okay.

[00:44:41.17] - Speaker 1
And also there's some question for you I think, Fabio.

[00:44:46.20] - Speaker 2
Yeah, yeah, I was, I was replying to Greg. So basically Greg, to answer your question correct, the data will be faster in the dashboard. There's limitation on the trading view size. So the way we publish the script to have it automatically updated takes maybe some extra minutes. That's why we do have the custom levels indicator that can still function with the input. So nothing changed there. The auto updated level is just really an upgrade we believe is a great upgrade. But of course we do have a lot of limitations on TradingView compared to other platforms. So I hope that answered the question.

[00:45:30.04] - Speaker 1
Yeah, and, and also I'm using, as you can see, also mentor few custom levels.

[00:45:35.17] - Speaker 2
Yeah.

[00:45:39.15] - Speaker 1
It'S, it's only so if you have, if you have really levels what you're using most of the time, like if you're trading es, spx, wix, and that's your main focus, so why not using them so it makes no difference. So then you can take it out and put this in. So I, I find this also very, very useful for me to use the custom levels. But of course, if you're trading many tickers, if you're trading many stocks, for example, many different ETFs, then it makes totally sense for you to having the, the intraday levels or the end of the day loads automatically plot on. And, and as Fabio say, you can look into this. You have all the same futures. So I think one of the big bonus on the custom levels, Fabio, you can convert six times to different tickers. Yep. But at the end you have, you have the same functionality. Yeah.

[00:46:41.24] - Speaker 2
Yeah. So the, the only, the only difference Patek, is really if you want the manual input or if you want the automatic input. So we have both. The custom level gives you that flexibility. The auto update obviously gives you a greater experience because we have about 250 plus stickers integrated into the indicator. So if you trade Max 7 or like stocks ETFs, indices, then the data is already pre populated for you. So obviously can save you a lot of time.

[00:47:17.13] - Speaker 4
Patrick, I gotta jump off, but I will, I'll see you probably roundtable later tonight.

[00:47:21.23] - Speaker 1
Oh, nice. I like it.

[00:47:24.16] - Speaker 2
Thank you so much.

[00:47:26.02] - Speaker 4
All right, Fabio, take care. Bye bye guys.

[00:47:39.11] - Speaker 2
So your trade idea can. Is working, Patrick. There very nice.

[00:47:42.24] - Speaker 1
Yeah, I'm saving also my, my profit. So I cannot lose anymore. I hate to lose some trades. So saving US$300 if you're getting a little tiny pullback. Okay. So. Or I can take partial profits. So. And after this trade I will take personally one minute coffee break. Here we go. Taking my profits. Everything is fine. No losing on this trade. We are testing x4 again on nasdaq. Maybe maybe going quick to nasdaq. Let's see if we can catch nasdaq. 2100. It was testing this before 2100. No. And also Fabio, I was be on, on some, some, some, some mental health coach. Yeah. Over the weekend they was talking about really good stuff and there's something where I was taking from them and, and and this is what I also doing today. I practice today. It's the first time. And maybe this is a really cool nugget for you and maybe this would be the only golden nugget for you today. I don't know. But every time before you take a break, but before you drink, take a trade, you have to breathe three times. Breathe in, breathe out, breathe in, breathe out, Breathe and breathe out.

[00:49:50.24] - Speaker 1
And then think about the trade and then take it if you like it. Because he was talking about the emotions and the rationality. And when we be, for example, in the market, we become really fast emotional, but with the brief technique. So before we take a trade and we breathe three times in and out, we we getting out from the emotional and came back to the rational. And this is something what I was doing also today before I take a trade, okay, brief three times and then boom. Makes the sense. Okay, take it. And maybe this is something for you also. I think it for me, this will be a new good risk management tool. Nice to become down from the emotional side. Oh, look at this. This is something, Fabio. This is something why I'm liking to taking my profits. People asking me always, Patrick, why are you taking so so early your profits? But should I say something to you if I would not taking my profits. It was only little tiny profits. Maybe I was taking now a stupid loss.

[00:51:05.02] - Speaker 4
Yeah.

[00:51:05.20] - Speaker 1
And that's something what at the end makes me, makes me profitable, consistently profitable. If you feel like, ah, this trade is no more good, maybe save, save some profits. All right, do it. Don't battle on this anymore. So this is something what I was learning over, over many, many years. Don't battle on some trade. If this trade doesn't make sense anymore, get out. Makes no sense.

[00:51:37.16] - Speaker 2
And I think that the key, Patrick, goes back to risk management. Because we always focus a lot on, oh, I missed this profit. I missed this move by reality. The best way to look at it is how to avoid what you're just seeing here, which is the pullback and the potential loss on your trade. Right?

[00:51:56.05] - Speaker 1
Yeah. So that's something what is in my mind. So other people thinking maybe, hey, wow, man, I'm losing so much profits. But I think more like, oh, if, if this trade against me, I will lose my profits and then I taking losses. Because what, what, what people have very often not in the mind. If you be professional, all right, you have this already in your mind. But sometimes, like if you're having US$500 profit, for example, and you're taking US$100 loss at the end what you lose Fabio. So beginner trader would say oh I'm losing US$100, it's fine. But that's not the reality. In reality you lose US$600, you lose US$500 from, from your profits what was already on the table plus US$100 before. And that's something what people missing always. And that's so hard in my mind sometimes of course when the market is really trending then I let profits on the table because I getting out in and out very often because I have always the risk in my mind. But on days like this it protects me so hard because we have no idea. So now we are below one day min again on Es Fabio.

[00:53:27.12] - Speaker 1
Do you know if we going now down to put support 0dt or if we're going back to high volt 0dte. We can go in the, in the analyzers, we can go in real time data, we can go in, in our dashboard. We can have maybe some, some trade idea but, but we don't know what really happened. It could be possible that Donald Trump, as Jordan was telling us, he treats something or he says something or some other guy is doing something and then bam, it can against us really hard. And this is something what I don't, don't, don't like.

[00:54:03.21] - Speaker 2
And if you can balance this out, Patrick, like overall like this strategy has kind of like protected you more than the profit that you might have lost.

[00:54:13.15] - Speaker 4
By going out early.

[00:54:14.13] - Speaker 3
Right?

[00:54:15.15] - Speaker 1
Yes. Yeah. And really good friends of me and you are now in the mental Q community who all listen basically you, you will be a part of my friends otherwise you would not be here. And, and Fabio good friends for me knowing if I'm holding a trade too long then I'd be in a position because in my mind this also if I was making if, if I let the trade against me for I don't know, 2000 west dollars, I won't bring back 2000 US dollars when this is be possible. And then I'm holding sometimes I'm holding for one hours, two hours. But this is completely unusual for me. I'm holding only too long. If the trade was really against me and I have a strong belief based on my technical analysis or what I'm really thinking about the market, that I'm not covering the losses. I, I, I don't accept this. And then I'm holding a little bit longer. But only good friends knowing this. And then the cappuccino trades come into play. Then I say okay, I don't, I don't take the losses. I let this run as an investment and see what happens.

[00:55:37.15] - Speaker 1
If this totally against me, of course, then I will getting out. Yeah. And. And also the key, Fabio, is for me, I'm trading with. With bigger money. Let's say I'm trading with bigger money. I will not talking about the money and capital, but I'm trading with bigger money. So I'm using maximum, maximum 3% of my margin. So if the trade against me, it's no big deal. If I have like four years open and they against me, I can, I can add again 20 years and it can come back really fast if I want. That's also something about money management. What I was learning. And this is something what Jordan and. And he take a white roll from 25k on top steps. And. And one of his strategy is like trading with the. With the smaller contracts. Yeah. So with. Not with the minis, with the micros. And this is something about management, how much margin you have, how you deal with your margin. Do you use 100 of your margin, 80%, 60%, 50%, or do you use only 5% of your margin? 3% of your margin, 1% of your margin. And if you use like maximum, I would say 5% of your margin, then if the trade against you, there's some good chance.

[00:57:06.21] - Speaker 1
And you. You have a strong belief in the trade and technical. It makes absolutely sense based on your technical analysis, then you can let it run as an investment. But if you be using your full margin, then basically you get. And this is something what I'm doing, Fabio, I'm never using my full Martian. I'm using only my full margin. If there's a big event, when was the last big event where I was using my. My full margin? Fabio, I think I was writing you this. This was when the VIX was at the top. Yeah. Again. And I was writing you, Fabio, a message here on Mentor Q. And I was saying, hey, Fabio, I go all in. I think the VIX will be crushing. Correct. Yeah. This was. Was an event for me where I was battling all in. I was using my full margin, and at the end I get a good payout. It was working. Basically, it was one of my biggest profit per day. But that's some special situations where I'm getting closer to this, where I'm taking my maximum buying call. But normally, no, never go more than 3% of your Martian or try to hatch what I mean.

[00:58:30.07] - Speaker 1
So if you like the es, all right, go long on the. Yes. But find something where you can go short. So that you can reduce your margin. So you have long martian and you have short margin and at the end based on your span margin. Yeah, yeah. Then you can reduce your margin.

[00:58:50.23] - Speaker 3
Yeah, really clever move.

[00:58:53.16] - Speaker 1
But this would be more, more, more experience. So for example, if you're liking gold and you can go long on gold, the market comes down. Okay, go short on. Yes. But at the end you reduce your margin because long Martin on. On. On gold will be reduced from the short margin from ES or from nq.

[00:59:17.17] - Speaker 3
That's right. And the more they're correlated guys, you'll get almost up to 90% discount on those what they call spend margin portfolio. And yeah, it's in the rate as long as the ratios are correct too and stuff. Yeah, spread them. You could spread futures contracts. Yeah. Oh, Fabio, I have a question for you if you don't mind, sir. Yeah, yeah. So on Mentor Q, you know we see this kind of character today, right? This personality out of the ES&NQ and so in indices, just the even. Yeah. The intraday Update on the 10:00am I'm looking at, you know, SPX being in a put dominated environment. And then when I click on cues, it's called dominated environment. And, and can this cause this kind of divergence and tug of war? Is that like something you guys, people, other traders have seen or discussed? This environment kind of being like a tug of rope between the two guys and then that way painting the picture of this kind of day that we're seeing today.

[01:00:19.04] - Speaker 2
Yeah, and that's an amazing question, Peter. And I think, I think we had the one similar question in the chat when we somebody asked about, about do you look at spx? Spy I think is always going back to understand the customer of who's training the different assets. Right. So if you trade, yes, of course the closest thing is spx. But SPY is also equally important because it carries a lot of options activity and understanding. For example, who trades SPY versus who trades SPX or yes, is very important because think about 401k plans in the US will put money into the market and they will do it through the queues, through spys, through like ETFs. Right. But the institutions that are actually hedging and trading, they will use futures or they might use SPX options. Right. So if you see a divergence on the direction on those assets, that could actually be a very, very good insights to understand. And that's could potentially also cause some choppiness as we've seen today, for example.

[01:01:30.19] - Speaker 3
Okay, thanks.

[01:01:32.01] - Speaker 2
It goes all back to sentiment. So look at the option data to derive where the sentiment is coming from. And for example, if you see bullishness on QQQ when bearishness on, on Spy, then that's very interesting to know because maybe some names might, might be very bullish because maybe there's earnings that are coming on the tech side, the technology side, but maybe overall market is still kind of worried. Right?

[01:01:56.03] - Speaker 3
Yes. Okay. Yeah, great points. And I did forget about earnings. Yeah, you're right. Okay, awesome. Thank you, Fabio.

[01:02:03.16] - Speaker 1
And also, Fabio, I don't know if you have this there or maybe you can, you can present us this in the next few minutes. I think it's very important for the people about the negative correlation and the positive correlation. And you was making a really good sheet. You was presenting this. I don't know when we was doing this, Fabio. It's few months, a few months ago where we was talking about a negative correlation and positive correlation. But maybe you have the presentation something. This would be cool for the people who are new to get an idea where we have positive correlation to each other and where we have negative correlation to each other.

[01:02:55.16] - Speaker 2
I think we did that when we were talking about blind spots. I need to. Yeah, I don't have it with me. But what I can, I can share here is besides the option stuff, the option data and the gamma levels, also take a look at the CTA's model that you can find here in the dashboard. Because that goes into correlation, Patrick. Because, for example, if you see that CTAs are extremely long gold that can negatively be correlated to the, to the market. Right? Or if you see that the market is long oil, and we're going to have a session in about 20 minutes as well, there's going to be a recording on YouTube. YouTube on crude oil with Diana that can give you some really good insights. Or like, for example, what we saw a few weeks ago when we started seeing the downtrend in the market. If you see that a lot of institutions are buying Treasuries, then go and look at what the market is doing. This was exactly when we saw the big drop. So the CTAs were going long 2 years and 10 years treasuries, they is the green line right here.

[01:04:07.01] - Speaker 2
So very strong move on the treasury side. And then of course, if we go back to the SPX and nasdaq, we saw a massive downturn right there. So absolutely, monitoring correlation is key. And understanding what the big players are doing is also very important.

[01:04:24.18] - Speaker 3
Yeah, could I, could I add a question on top of this? Since you have the screen Fabio, this is, this is pretty interesting. And I. On, on, on the CTA charts, is it the way that it's designed from you get on the development side, it feels like on the price, the price column, is the CTA positioning almost kind of like a parody level or it can just keep going like down forever or up forever. Or is this like a good way to use this tool? Almost kind of like, like a like mean reversionary or parity when they get, when CTAs get to like extremes, like minus 0.02 is common to see that range of point, let's say a negative and then up to positive 0.04.

[01:05:10.17] - Speaker 2
So I think the way you read this chart, Peter, is not like a direct signal, meaning that it's gonna tell you go long or short on nq, but it's gonna dictate the direction. So if you start seeing for example a drop like this, then it doesn't mean that, okay, this is gonna stop, but it means that the market is really bearish. Right. So yeah, you are trying to go long, you are going against the market, you're going against the liquidity. Right. So yes, you could be, you could get like the reversal point like Jordan was mentioning. But again, you want to be on this, on this side of the market, right. You don't want to be chasing the move. You want to be on the right side of the move. So the CTAs, which they move a lot of volume and a lot of liquidity can tell you the direction of the market. So if we look back at these, this chart here, we're seeing this kind of like massive uptrend here is, is when we really start, is basically fading out on the, on the index side. So this is when the drop started to happen at this massive drop right there.

[01:06:17.14] - Speaker 2
So if you beautiful, like the market is buying treasury and a lot of funds are buying treasury, then of course if you are trying to go long the market, you are basically chasing the move. You're not in the right side of the, of the equation basically.

[01:06:32.23] - Speaker 3
Wonderful. Awesome, thanks. This is powerful.

[01:06:38.03] - Speaker 2
Thank you.

[01:06:40.21] - Speaker 1
All right, I'm long on the yes again. So we are both wondering, we are both geck three. So we're waiting again for the move and we getting now a little bit more follow through.

[01:06:55.21] - Speaker 2
I believe in about five minutes. So I'll let you continue and, and yeah, I'll just put the message on the chat.

[01:07:02.18] - Speaker 3
Okay. Powerful, powerful information. This is life changing information for most retailers, by the way.

[01:07:21.21] - Speaker 1
Why is this life changing?

[01:07:23.19] - Speaker 3
Because you know, 10 years ago you didn't have this to retail. And you know, dev team, you guys pros were working with big companies like Citadel, Wolverine, all these, you know, know, market makers providing this information. They had this edge. Now we do. And, and, and you do, you, you just, you stick with it long enough. It gives such confidence levels. Just confidence actually. That's why all last week too, I've been doing some mobile trading at night in the eth's little small micro position because I just trust the system so much already. You know what I mean?

[01:08:00.24] - Speaker 1
By the way, I'm out of my S positions, so.

[01:08:03.06] - Speaker 4
Yeah.

[01:08:05.11] - Speaker 1
But. Yeah, sorry. Yeah, so you're right. There are more data available for, for retail traders and especially for all of us. But I think also there's. There could be a bit confusing. Yeah. So if you focus on too. Too many stuff.

[01:08:31.22] - Speaker 3
Yeah.

[01:08:32.11] - Speaker 1
Like eating the coal and not the steak. I think that's really dangerous. And think about. Let's talk about bookmap for example. For so many people, bookmap is the holy grail. And they like to see iceberg orders, they like to see sweeps. I like to see something like this, this, this, this. And other people, they don't understand this like me. So. And, and I want, I don't want to focus on this because I found my edge in the options market. Reading the options order flow with the levels and all the stuff. But that, that, that's my, my edge. And if you have maybe an edge with like reading what Fabio was showing you and reading like connectors with your bookmap and that's powerful.

[01:09:28.12] - Speaker 3
Yeah.

[01:09:28.24] - Speaker 1
But don't look to so many things. Otherwise you get so hard confused and you're taking stupid mistakes.

[01:09:35.13] - Speaker 3
I agree. Yes, sir.

[01:09:36.23] - Speaker 2
That's right.

[01:09:45.05] - Speaker 3
I'll take those four points.

[01:09:49.06] - Speaker 2
Right, guys, Gotta jump. Thank you so much guys for joining. Thank you, Patrick. And I'll leave you guys here and see you. See you guys soon.

[01:09:57.14] - Speaker 3
Okay, Fabio, thank you. M. Why you didn't use NDX Intro on NQ SPX on es Patrick and Peter, I'll answer my. My answer to that is because just like Patrick was talking about having a little bit too much when I first came to mentor Q and subscribed just like everybody else subscribes as a customer. I. I had it. I had a lot of things. And so I just. For me it's personal preference. I just. As I was. Because I use blind spots as well. And then I use major levels on, on gamma to make my chart the way it is. And just. And also because during the week, most of the time I'm trading very small micros in this environment I can go to a mini but it depends, right. So I don't want. I don't need it because I. I feel personally, you know. And like Fabio said, each one is weighted differently. Is you being used by institution differently? For me it's just for the last noise because I did a lot of trial and error and I like having SPX on ES and then and the cues on NQ and I know Patrick likes to use a lot of NDX too and stuff.

[01:11:08.22] - Speaker 3
I just haven't been doing it. So it's just from personal preference habits now. Can I miss something sometimes like that? Of course there's been times market will turn on me. I take a loser off of a GEX one of five because I don't use a lot of GEX one of fives again because I want to just have majors and I'm using some conversions and blind spots and to me it's just good, good. Not good enough. That's why you can do whatever you want to answer that. My, my answer.

[01:11:41.24] - Speaker 1
To answer this from my standpoint at the end I have lifetime real time data on my end. So I talk about this really really often. I talk about also Fabio is there having always a second confirmation. So. So I'm using Mentor Q. Mentor Q is always my second confirmation. I using also other tools. I will not share this here because it's a. It's a Mentor Q live stream. But I have also my. My other tools and Mentor Q is always my second confirmation. What I'm seeing on the other tool Mentor Q will confirm this. Yes or not. And personally I don't need intraday levels. If I sometimes I'm. I'm plotting this but it's.

[01:12:32.16] - Speaker 3
Oh yeah, somebody asked the question about intraday levels and yeah and again personal preference. My mine is where's the question here? And it had to do with which to use. I always start end of day. The market settles with X amount of millions and trillions of dollars here. That's the end of the day. That's the money all through the eth. All through that. If I'm gonna do that that's then intraday. If we moved overnight too much out of the way I'll bring in today on because now dealers are repositioning and now that's going to be more accurate like levels closer to the world prices. I saw a question earlier and I hope that that helps you. So be. Be finesse. Finesse it a little. Right. So start with Your end of day and then if you your your pre market is blown out of the water or into the moon then add your intraday and be prepared because dealer going to reposition as soon as market opens. And that's why Patrick loves that one first update of the day. Right. If he has to lean on something he tells you guys he'll wait for that intraday, that first one but after that he's flying with it whatever he has there.

[01:13:42.22] - Speaker 3
Yeah.

[01:13:43.11] - Speaker 1
So so personally my, my favorites is always like the the intraday snapshot what we're getting on 935. This is really powerful because they asked the last time where we calculating the 1 day min and the 1 day max to see how the 1 day min and the 1day max has changed. So this is something really powerful. I really like it. This is something what I'm always using of course but therefore I have also my dashboard. I can see it on my dashboard. I must not plotting this. And what I'm plotting the intraday levels is the last snapshot what we get for my if I'm trading Asia or if I'm trading the London London London time Because very often the intraday levels with the last snapshots are really accurate and this is something what I'm doing.

[01:14:39.06] - Speaker 4
Yeah.

[01:14:41.16] - Speaker 3
5700 looks like something but. We got our breakthrough HVL0DTE and we're out of the IV range. Targets of a lot of little sweeps. No positive gamma creates this a little tougher on es.

[01:15:16.16] - Speaker 1
Ar. Yes.

[01:15:17.10] - Speaker 3
To get your intraday nq you won't have intraday nq. It's going to be end of day for futures. To get your intraday you want to click on the indices app. Let's let me if I'm understanding a correct correct question. So this. Are you looking at the screen Marius? You won't get it intraday on a futures but on the indices you can do intraday. Click on this button in the dashboard. It'll default to end of day first. So always make sure it's here green intraday ready and then create your little watch list and then go go look at the indices and you'll get intraday snapshots.

[01:16:02.11] - Speaker 1
The good way for futures. If you want like having intraday data on futures it's like converting, converting SPX to es, converting QQQ to nq, IWM to the Russell GLD to Gold, O to cl. So basically then you can plot intraday levels to your future state.

[01:16:31.20] - Speaker 3
Yeah. And Donald, to answer your question I don't use Tick the if you're talking about nice E tick I've explored every single thing on up and under the sun and cloud and so I know what it is. This just was not needed for it was getting noisy and added this. So in my exploration too nicey tick and those like market breath internals. I don't. Do you Patrick, have you ever used.

[01:16:56.13] - Speaker 1
No, I'm. I have tick strike on my end.

[01:16:59.24] - Speaker 3
Yeah that's good.

[01:17:06.19] - Speaker 1
There's no need. And again so personally I don't like it to to hop so much on on different tools because if someone tell me hey you have to look into this tool, you have to look into this tool man, then then I become crazy because sometimes it takes time to understand the tools like what we do with mental view. It takes so much time to understand this. Give your time and learn observe. But if you hop from tool to tool it's also really really hard to to get consistency. We won't cons we won't become consistency. And it's the same if you change your trading strategy. If you was trading many years with one strategy and you change your trading strategy completely different trading style. You start from the beginning and this is something what we have always could always have in our our mind. So and that's why I'm. I'm staying there where I'll be working with many years with the tools and that's it.

[01:18:20.17] - Speaker 3
And yeah and thought Patrick, you're using NDX on qqq, right? I'm asking you again because I don't know if I see it but you use it.

[01:18:31.14] - Speaker 1
No, no. At the moment I have only the future level. So okay.

[01:18:35.18] - Speaker 3
Oh, that's right. Okay. Well I was just answering Marius's question. So you got your answer Marius. And one thing too. I don't know if many people are doing this. At least you know the VIX on the side here. I had learned this from Patrick a while back. It helps to look because there's big hedges firms that are trading this stuff right VIX options and always they're sometimes doing a lot of spread ES versus you know, equities versus VIX options. They have some spreaders strategies there. Those levels are very very good on vix. So at least anyone that's not doing it in your homework this week or tonight research this put watch VIX at the same time when it hits a level sometime equities could be caught slipping in the middle of nothing. But the VIX is going to scream at you something. So for example, what we're looking for Looking for the scream for this week. If, if and when Vix gets to.

[01:19:31.06] - Speaker 1
18.

[01:19:34.16] - Speaker 3
And then we'll get some big paychecks.

[01:19:37.19] - Speaker 1
Yeah. Correct. And again make it as simple as possible, not over complicated. Follow your trading style, whatever you really like and use Mentor Q as second confirmation. I tell this always when we be live again I can tell this always. Always, always, always use Mentor Q as second confirmation. But trade your trading setups, your trade ideas and then you should be good. And that's why I'm using intraday data from options data from other tools. So it's. It's okay for me.

[01:20:28.19] - Speaker 2
Perfect.

[01:20:31.10] - Speaker 3
Well, Mondays usually starts it's either Monday or Tuesday. That makes our range we have FOMC Wednesday. This kind of activity today was ex. Kind of anticipated, right?

[01:20:44.11] - Speaker 1
Yep. Yeah.

[01:20:53.18] - Speaker 3
And then consistency special ingredient.

[01:20:59.02] - Speaker 1
And also if he was making your profits there's no reason to taking any train. So on my side I feel at the moment. Good. I don't like the market condition at the moment I was making my profits. Let's double check it again. How much was it? I'm up now 2000 west dollars 2102 so that's. That's good for me it's. It's nothing where I can live for. It's nothing where I can dive with but. But it's. Profit is profit. And for me consistency means also green days no matter how much money you make. But if you're making more and more green days, not red days, not taking losses. That's something. And don't become come the stupid idiot outside will follow in the trap of porn P L It's more important that you'll be having more and more consistently green days.

[01:21:55.12] - Speaker 3
Yes sir. 100 metrics. You know, don't look at other people. Let them do their thing. Good for them. Don't compare yourself. Get your points, get your metrics. You know, be a champion, be a pro. You know, stay a pro. Don't cares.

[01:22:14.10] - Speaker 1
Because I. I know myself Peter now I don't like it also my kids coming now from the kindergartens and the background and. And if I, if. If I would be going now in the trade I will find myself and then stupid situations. It's mostly like this. Every time when I tell telling myself oh I don't like it anymore. It's everything is good was a good day. Let it be. And then you take a trade. You will find yourself mostly in a stupid situation. But of course something can happen. The market can go crazy. We can break out on GEX 4. We can break on high volt udte. Maybe this will be some. Some nice trigger. Of course we can go long there. But at the moment for me it's more be patience waiting over trade. And I think that's something what we also doing in the pro group. Be patience. Follow really good trading setups. Trade your A plus setups. If you don't see something, what do you what you not really like don't do it. And patience, patience, patience. All right, so the ES is breaking out. Let's see if the NQ getting a follow truth.

[01:23:35.15] - Speaker 2
All right.

[01:23:36.02] - Speaker 1
GEX 4. Can we break out there 2010.

[01:23:53.08] - Speaker 4
Yeah.

[01:23:56.24] - Speaker 3
Okay. Thank you. Es is out of it. That ib in that Friday range and q is gonna patrick.

[01:24:08.19] - Speaker 1
Nope.

[01:24:16.15] - Speaker 3
There.

[01:24:22.11] - Speaker 1
We also in a round Number now on NQ came to 2100. So be careful. Trade your trading plan. Don't develop the trading plan through today. Having always a plan if you come into the market and don't react.

[01:24:45.14] - Speaker 3
Yeah. Scar. Hi Patrick. Do you meant mentor on how to use Mentor Q Also which videos can I see when my trading strategy is price action versus volume. Thank you.

[01:25:03.04] - Speaker 1
Good question. I will follow up with you. I have to think about this. We have so many videos out there. But I will follow up with you. Send me a message please on on the discord or send a message at info@mentor Q.com White and the Heater Patrick. And then it comes to me and then I will follow up with you.

[01:25:37.11] - Speaker 3
Perfect.

[01:25:46.16] - Speaker 4
There it is.

[01:25:47.13] - Speaker 1
All right. I get filled on the nq. So let's see normally I don't want that now again, Let's see.

[01:26:18.04] - Speaker 3
Rob, Rob. Make sure you on the blind spot levels. It's its own indicator. I have when I add the levels intraday that yes, there are no levels. Be sure you're using the right contracts.

[01:26:32.17] - Speaker 1
And no intraday, there's no futures levels.

[01:26:36.19] - Speaker 3
Oh yeah, my bad. Drop the ball there.

[01:26:45.10] - Speaker 1
And if you have some trouble with setting up everything or you have technical questions, send a message and [email protected] we have a great support team. You can ask for an call.

[01:27:01.07] - Speaker 3
Yeah. And if you're looking at my screens. Yeah, if you're looking at my screen guys mentor cues. Their development is constantly changing. And so inside the getting started inside their dashboard. Kind of been a little while because I joined last year and you know the panel was different. I I did a as much as I could in a weekend. But there is a really nice kind of like a road map that they give you in getting started. So you can. You don't maybe personally have to Go through the whole thing. But check out that app. I mean check out the getting started section and find the series of videos that fits you. Right. Because we have all kind of traders, not just intradays. We have the swing traders and all that stuff. So everyone is kind of more narrowing down and tracking the video series that fits them. And sure you're going to find something good there. So take your time with it. It's constantly developing and growing and there's all these recordings in there from live session. And yes, you can use ES1 as long as. Patrick, you're just converting the ES1, right? That's it.

[01:28:16.12] - Speaker 1
But yes. Converting to what? Oh, sp. You can convert SPX to ES for intraday for example, or for the spy. So. But I would recommend the spx.

[01:28:30.04] - Speaker 3
Yeah, Rob, he just has it on a continuous chart. If it works, it works. It couldn't do it. I, I tend to put it on the quarterly like the direct thing. But if you're going to use continuous chart for pricing. If you look on the bottom right of his little trading view thing, there's a thing called back adjusted. You want to go kind of research into what that means, by the way.

[01:28:56.03] - Speaker 1
Yeah, I have it on the back adjusted. So.

[01:28:58.23] - Speaker 3
Yes sir.

[01:29:12.13] - Speaker 1
And the trade takes too long time. I don't like it.

[01:29:19.06] - Speaker 3
And on mine I have. Yeah, spx. I said SPY earlier by accident. This VIX is dropping so it's helping out.

[01:29:28.05] - Speaker 1
Good.

[01:29:28.12] - Speaker 3
Dropped under GEX 3. Next target for Vix can be that GEX 5. And that should shoot us up to liquidity at 5700 at least. Where did that liquidity go? Not the cleanest thing in the world. Not a really nice number either. 187.

[01:29:52.01] - Speaker 1
Wow.

[01:29:55.12] - Speaker 3
So yeah, broke out of IB. We're getting some point of control shifts up here. This is another good one here. Could be a big. You switch my accounts.

[01:30:20.01] - Speaker 1
External for me.

[01:30:21.18] - Speaker 3
Yeah, but that's, that's that.

[01:30:46.15] - Speaker 1
Hey everyone. How it's going? I give now some pro members some open mic. We do this always. So the last 20 minutes. 30 minutes.

[01:30:56.01] - Speaker 3
Yeah. Hi, Arun.

[01:31:02.17] - Speaker 1
Let's see who's also here. Hey Runoff, how's going today? I hope everything is good on your side. Welcome, jesse. If I miss someone, please raise your hand and then. Yeah, yeah.

[01:31:40.11] - Speaker 3
Hey guys, I'm going to repeat it. Rob, I was on mute. I was answering you here real quick on his chart. You're going to see if you look at mine real quick, I have SPX on es. It'll, you'll. It'll tell you it'll show you in parentheses so you're not going to be misguided. You'll know for sure. Like okay, this is a zero dte for if you see like this side slash, whatever. It's both futures and it's the direct instrument. If it doesn't say anything, if it says it in parentheses, boom. Then you know that's SPX level here. Perfect example down by these V waps we had a one day min es GEX one spx. If you're looking at my chart. Yeah. And that's it. Help the answers.

[01:32:34.06] - Speaker 1
In.

[01:32:37.09] - Speaker 4
Order filled.

[01:32:38.24] - Speaker 1
Oh, Waterfield. Yeah, I like this. I like the sound autofilled. So let's see if we're getting follow truth now. Russell is now hitting the core resistance level. So be careful if you're taking the Russell. Yeah, I don't know. So I'm good. I'm good for today, I think.

[01:33:40.13] - Speaker 3
Awesome. Good job. Well, we appreciate all you guys coming. I mean you're welcome to still hang around, ask questions. Sounds like Romulod was gonna say something. Go ahead. No, Hamilad, Arun, Jesse, how you guys doing?

[01:34:12.17] - Speaker 4
Hey guys. Sorry, I'm just kind of focused over here.

[01:34:16.17] - Speaker 3
All good, all good. Do your thing. Good job, Marius. That's a good, good amount to make, Mari. Thank you. Because.

[01:34:44.07] - Speaker 1
Oh good that I'm out. Oh good. And I'm out of my lung. I don't like the price section there.

[01:34:49.24] - Speaker 3
So it's gonna have some pullback. Yeah, it was a little hairy.

[01:34:56.15] - Speaker 1
U S. Treasury Secretary Bass and Trump tax will be prevent main street tax hikes. So. Okay, he is speaking now. So we get some news now. So be careful.

[01:35:12.07] - Speaker 3
What is that?

[01:35:14.21] - Speaker 1
Oh.

[01:35:19.00] - Speaker 3
Financial juice.

[01:35:29.08] - Speaker 1
But here's something what I was learning, champ. Normally I would never giving any Marios because I like if people making profits. But sometimes when we're talking about the prop firm space, maybe Peter, we can talk together when we're talking about problem space and you telling yourself only for example, hey, I was making 820 today and then you're telling yourself you're making 200, 300, 400, boom, boom, boom. You. You come in this area if you're not a funded trader and if this is not on the live trading account on Apex, I have no idea if you'll be on the. On the live trading account. But if you be on the challenge then you feel like this is real money. But it's. It's not real money because you're in a simulation mode, for example. And then you become so much emotional. Correct, Peter. So, so you think like, hey, that's real money, but at the end it's not real money. I think if you be on the problem challenge, it's more like focus on that you stay in the rules, that you become more and more to your target, that you'll be more and more having green days, but don't looking too much on the profits.

[01:36:56.24] - Speaker 1
The profits. It's only matter if you be on the live trading account where you can white roll. Because if you focus on the money so much, it's like, it's like, Betty, we was talking about this. Peter, remember when you. Yeah. On the, on the one you were saying, hey, I was making 3,000, I was making 4,000, and then boom. You miss one of their rules. And what, what was happened? He was making great profits. It's, it's, it's not bad to making great. Yeah, don't. Don't get me wrong, but at the end you were so emotional because he was taking I think the 2500 loss and he was hitting this. But yeah, at the end he was in profit. And you're saying to yourself, why I was. Why I'm out. That's, that's that. And, and that's, that's one thing. If you be on the challenge account, focus more on the rules. Say, okay, today I was not breaking any rules. Today I'll be green. Today I become more consistently near my target. And that's it.

[01:38:01.10] - Speaker 3
Yeah, you're right.

[01:38:02.20] - Speaker 1
And then if you be on the live trading account, you can say, okay, today is the day where I will making US$200. Then I will make this consistently one week, then I go for 300, then I will go for 400. But I make a consistent. And people losing so often his funded accounts because they're going too big. Yeah, they're saying, I was making 820, I was making thousand, I was making 2000. That's the trade. That's a. That's the P L pawn, what I was talking about. Because we, we get, we get follow all in the drop. Everyone is sharing his P L. But it doesn't matter. It's only matter if this is in my bank account.

[01:38:44.04] - Speaker 3
Yeah, that be cool if we could adopt like to speak in points or ticks too, you know. I don't know if I hear you though. Yeah.

[01:39:00.02] - Speaker 1
I'd be more than happy. I'd be more than happy.

[01:39:08.14] - Speaker 4
Let's.

[01:39:08.24] - Speaker 1
What's the name? Here we go. I'd be more than happy when, when you're writing us a message and say, hey, Patrick, today I get a White Roof on US$820 from our packs and it received on my bank account. Then I would say man, you'll be champion. It was doing an amazing job. Then I would be so proud of you. I would love this. I would love this. You will be my man for today.

[01:39:40.18] - Speaker 3
There's a really good area here. They're consolidating above that HBL right now right at IB and Q is the one. See this is that and this same thing pre market it was almost the same situation but with Friday's range NQ is now delaying and ES is. How's your russell doing patrick? You still in russell?

[01:40:43.18] - Speaker 1
Oh, I'm not in the twin. Oh. So. Today I don't like the market. No same a little bit stupid so.

[01:40:56.05] - Speaker 3
But not my, not my thing was better last night. The short last night was clean.

[01:41:07.08] - Speaker 1
And for me there, there was no trade today where I can say okay this was a really good one. Most of my profits was okay. I, I moved my, my stop loss in the area where I'll be in profit and then it takes me out and I take my profits. Yeah, this was today. This was where I was make today. Let's speak about trade porn, PR where I was making my US$2,000. But I don't care about the 2,000 vessels because as a trader I know exactly. This was not what I really like. This was only moving my stop loss to, to not losing my profits and I, I get filled. But I have no, no one good runner today where I can say oh man, this was a nice trade. I have really not any trade today where I could say to myself this was a really good trade.

[01:41:59.09] - Speaker 3
Yeah. Yeah.

[01:42:01.23] - Speaker 1
So that's why I'm not be proud of this. It's a, it's a day like where you can say okay, it was not bad. It was not good. It was okay. I was not taking losses. Everything is good. Tomorrow is the next day. I'll be back for tomorrow. That's it.

[01:42:24.11] - Speaker 3
Yeah. And how many times does developing traders and we don't do that. We just. We pay more for it the next day.

[01:42:37.16] - Speaker 1
Always trading for the next day. You don't want be the one who's sitting on the bench and see how, how the market is moving and you miss. You don't want one.

[01:42:48.07] - Speaker 3
I know that bench, Patrick. I hate that man.

[01:42:51.23] - Speaker 1
Pissed. So, so you get, you get, you get completely pissed and, and I don't know if some guys was watching. I don't know. I wasn't a chat with traders podcast. I Think one year or one and a half year ago and I was talking about the sitting on the bench and not having the power to trade anymore. That's harder than take it, take it losses. So that's why if you be in a stupid situation and you have using too much margin, cut it, cut it, cut it. And if you be in a profit position, move your stop loss. I like it that I. I'm not losing any profits and that's it. Because I don't want be the guy will sit tomorrow on the bench and watching the market and see how other people make money. That's something what I never want. Yeah. But I'll be back in one minute. Okay? All right.

[01:44:55.09] - Speaker 1
Yeah. Let us know if you have some last question. We are here to answer your question. But Marius, I have one question for you. How long do you trade? And is this your experience with prop firms or give us some little more information about you?

[01:46:23.22] - Speaker 3
Big players aren't playing today. High time frame, people.

[01:46:31.13] - Speaker 1
And for all of us, especially for the pro traders, we trading on Wednesday together. Therefore MC meeting. This would be a little bit fun. I think there could be a little bit surprise. Yeah. So we will be live on 8. Oh, sorry. That's European time from 2 2pm to 4pm on Wednesday. I think now we get some price action on F1 scene.

[01:47:09.04] - Speaker 3
Yeah. I mean if we compress like this through tomorrow too and don't make our range. Do we know Patrick on that live schedule? Can everybody see our live schedule in the Discord Room for different streams? I believe so.

[01:47:24.07] - Speaker 1
In the calendar. Yeah, we have the calendar. Yeah.

[01:47:28.05] - Speaker 3
Okay. Yeah, guys, so you can check up when we're all hanging around together and doing business together on at that calendar in the Discord Room too. Come see us. Hang with us, ask questions, teach us to. We like to learn from other traders. Get your input.

[01:48:01.16] - Speaker 1
All right, I will stop now. The recording. Give me one second chance.