Trading Commodities and Futures using Gamma Levels

[00:00:03.20] - Speaker 1
Welcome everyone. Today we have some really special guests. Welcome Patrick as always, and welcome Ann Marie and Diana from Top Step tv. Welcome guys. Really excited for today. I know we've been speaking a lot, especially Anne Marie over the past year. So thank you for joining and yeah, maybe like I'll just let you introduce yourself for those who don't know you. But yeah.

[00:00:30.12] - Speaker 2
Who's going to go first?

[00:00:32.09] - Speaker 3
You go first.

[00:00:33.27] - Speaker 2
Okay. So my name is Diana Angelo. You might know me from Top Step tv. I run the London session. I've been trading for about 17 years now. 12 years out of that, I've been trading futures and I specialize in crude oil and precious metals. So generally energies and metals, that's my, my main focus. And yeah, I'm very, very happy to be here.

[00:00:55.01] - Speaker 3
It's exciting. So normally nor now we're doing age after beauty. So my name is Anne Marie Band. I've been trading for a couple of decades and I trade stocks, options, futures. I'm a bit of a market junkie. Also on on Top Step tv you can see me on fast markets. But I am a huge fan as D is of Fabio and Menther Q and so super excited to get a de dive today. You know, the market's done and we are ready to go, so I can't wait.

[00:01:32.21] - Speaker 1
Yeah, absolutely. And before we go, let me just show the disclaimer for a few seconds, as always. All right. So very excited because I know Anne Marie, we've been speaking maybe for over almost a year. I would say. Yeah, obviously you were a big fan when we launched our SPX data last year and obviously helping us to get the world out there. So thank you for that and really appreciate your work and I think we're very excited to have you d as well because I know that you've been using some of the level, especially on crude oil. So we'd love to hear from you guys how you kind of leveraging, share some example, ask us any questions as always and then we show some of the new stuff that we have as well.

[00:02:26.06] - Speaker 3
So yeah, I want to say congratulations on the work, all the work you guys have done integrating into different platforms. It's incredible. A lot of the guys at Top Step use Quant Tower and I know that you are right at the edge of that. It's coming live and I know that's going to be able to help the traders that use that platform a lot because these levels are so very, very important.

[00:02:55.14] - Speaker 1
Yeah. And we, yeah, I like the fact.

[00:02:58.29] - Speaker 2
That you do alternative markets because you know, we have some companies out there that are just, you know, SPX es and that's pretty much it. But that doesn't really do much for me because I don't, don't trade equities as much. So having the ability to, for example, put, put crude oil options levels on the chart, it's been invaluable and it definitely, it's so unique what you guys have done. So definitely excited to be here and, and I'm, you know, I'm very excited for the future as well because you guys just rolled out the intraday levels and, and that's a complete game changer as well. Especially on days when we kind of overshoot everything. Obviously there's a change that happens intraday and just by the fact that you can get a snapshot of what's happened and get some brand new levels in today, it's invaluable.

[00:03:48.08] - Speaker 1
Yeah, and I think we are very excited about that because we've been doing the end of day for now over almost two years and they work really well. But of course there are days where there's a lot of volatility where some of these levels are broken at the open. So now with the intraday kind of like refresh and intraday levels, then you're going to get that change in positioning and then also we develop some advanced analytics that we can show you as well and show you how to actually leverage it. But yeah, very excited. And also of course Anne Marie, we are now integrating into not only One Tower, but we just released Ninja, an update attach bookmap, an update on Sierra and others and we are actually integrating with APIs. So from a user perspective it's very, very easy now to get the data without having to manually put it on all the time. So massive step forward from the team that developed that.

[00:04:43.17] - Speaker 2
There's actually a question that I got on the London session because obviously since I said that I use your levels, people have started looking into them. I have a lot of people who signed up as well. And one of the questions was, well, can we somehow automate the, can we have an API that drags out the levels automatically? And I was like, well, I'm sure they're working on it. This was literally just last week and then you guys came out with this big update. So I'm like, there we go.

[00:05:13.07] - Speaker 1
Yes. So like now the API basically plugs into the different applications. So obviously we have about seven of them. We are also working on others. We are definitely going to integrate with three or four more in Q1 at least and the idea is really then eventually potentially also providing an API feed for those who are trading systematically. So if you want to create your own algo, then you'd be able to do that as well.

[00:05:42.09] - Speaker 4
But Fabio, for what platforms we have now an API.

[00:05:49.00] - Speaker 1
So we have API for Ninja, Ninja, Trader, Quantower, ATAS, BookMap and CRSR.

[00:05:57.03] - Speaker 4
Amazing.

[00:06:00.02] - Speaker 1
And then in December we are going to also look to have an Automatic update on TradingView. So the team is working on that as we speak. So that's also going to have a very, it's going to be a massive improvement in experience. You'll just load up the indicator and everything will be updated all day long. So.

[00:06:20.00] - Speaker 3
Yeah, and for those of you that follow me, you know I do a lot of the charting that I make videos for in trendspider and that is also in the works folks. So hang on, it's coming, it's probably.

[00:06:33.05] - Speaker 1
Our next, next project. Yeah, very excited about that. Yeah. And thank you for putting me in touch with the Transpider team. We are, we're going to start working with them in December, so.

[00:06:44.27] - Speaker 3
Fantastic. So let's jump into some charts. Let's talk about, let's talk about oil Tea.

[00:06:50.17] - Speaker 2
Yeah, I took yesterday off completely but today, just like literally about, about a couple of hours ago, I did do one crude oil trade and I think it's, it's going to be interesting to run people through that. It was one of my favorite setups but it was done with the help of Mentor Q levels. So first of all we had the time of day that I referred to as the post NY cut. Now for those of you who don't know, NY Cart is actually a time of day when forex option expiries happen nearly every day and crude oil remains connected to the Canadian dollar in pretty tight, tight way. So whenever you have a major option expiry happening in Canadian dollar, you have this knock on effect and that's where a lot of my setups are based on. Today we had a bit of a textbook example. If I show you on the right hand side, this is the my indicators that I use and obviously it's my company so I was able to spec everything exactly as I wanted. It's always a nice thing to just say to the developers what you want to do and we can see that there was a four hour supply.

[00:08:02.19] - Speaker 2
So that was step one. On a larger time frame we were coming into a swing extreme on an intraday time frame. The red box represents the initial balance for nymex. So crude oil generally Has a slightly different time of day. It opens half an hour earlier than the cash session and we were opening right above value, but we weren't really doing a great job going higher. Typically when you open outside of the distribution curve from the previous day, that's bullish. But there are caveats to it. And one of those is that if you can't really get a committed move outside of that first hour of trading, whichever side that happens, you have a very high chance of a failed auction happening. And we see that in this first do candle on the right. Now if I draw your attention to the mental Q levels, we actually had the GEX 3 and HVL around about the same area. So that was my confluence. I, I was looking at 70. But given the fact that it's kind of a holiday day, not a lot of volume, that failed auction idea made even more sense, especially for something like crude oil, which in most years does have this downward bias for, for many years now.

[00:09:14.13] - Speaker 2
And yes, you can get, you know, you can get people buying crude oil. But for the most part, whenever I go back through my, some of my statistics, a lot of the trades that really made me a lot of cash were on the short side. So you know, that tells a lot. So today I was stalking this GEX3 level with an idea that we are first going to bounce from, from the hvl, but then on the second run, if we manage to break down, it's gonna go all the way. And that's exactly what happened. But my first sign was the fact that we couldn't get above the, the 30 minute TPO. It was just struggling and it kept coming back into the initial balance, into that first hour of trading. And ultimately you know, some an hour later, 60 minutes later, we got that breakdown and it was very nice, textbook. And sure. Could I have done it without looking at any levels? Well, probably, but just by the fact that you have some very important levels around here, it gave me more confidence to enter a trade. And this is for me the power of mentor Q levels.

[00:10:23.05] - Speaker 2
Usually before. What I had to do before you guys stepped onto the scene was to actually drag some of this data from the options chains themselves. It's a lot of work. It's information overload. It takes time and you know, if somebody wants to leverage these levels, it's, it's going to be information overload. So just by the fact that you've simplified it down to like one line on the chart, that's invaluable for everybody trying to do this seriously. So for Me, like I said, I was stalking the geeks. 3 level. I had a couple of hypotheses. So one of the hypotheses was that we're going to break down but if we don't, if we manage to go higher and close a 30 minute time frame both above the GEX 3 and above the initial balance, that would have given me the bullish signal. So again I always work on the situational awareness to make sure I don't marry myself to any particular direction but just trying to stay as objective as possible away from P L, away from, from everything, just to literally get a good, good understanding of what's happening. And that's exactly what happened.

[00:11:27.05] - Speaker 2
So my first hypo breakdown failed auction. It came true. Once I was in a trade my entry was around 69.45 and when it started to break through that my next area of orientation was the HVL of course. So we expect to see maybe a reaction on the first test of it, which is my experience experience with HVL and crude oil specifically. But then on the second test I expect that it just runs through and to give us that nice momentum trade eventually. If you can see on the right side, I'm gonna highlight the value area from yesterday. So it actually went into a full value acceptance and a rotation through value. So it went further. And now we're kind of sitting in Gex 4. If it wasn't an early, early holiday day, I would probably put another little trade long. And that's for a couple of reasons. Yes, there's a get 4 level there, but it's not exactly the most major level. So I need something else in order to justify the idea for a long in this case. So I always go to the higher time frames again to get that context. And if you can see this big bullish engulfing just away from supply and demand, just looking at pure price action, we have a rather large move away from there and we're kind of sitting in this bottom area of the range.

[00:12:50.28] - Speaker 2
So longs at this, at this time in this chart location would make more sense. And now if I marry that with what's going on in the TPO profile and on market profile we have a neutral day type in progress. What does that mean? It means we have the extension on both sides of the initial balance. It's like an elastic band being pulled both sides. And when that happens, neither side tends to win particularly well. And at some point of the day you will get a mean reversion back to somewhere near the middle so that will be like the final trade that I will be doing. But obviously it's a, it's a holiday. So.

[00:13:28.00] - Speaker 3
So assuming, assuming this, a GEX level that we're looking at comes to the four, if you enter, what would your stop and risk management look like when we're sitting around these key areas? Yes.

[00:13:47.10] - Speaker 2
So if you notice how the GEX levels are in crude oil, they're all on like sort of quarter, half and round numbers. So I try to avoid putting my stops at the round number. So for example, this gets 4 6850. So one thing I won't be doing is putting a stop at 6850 because that's just asking for it. You want to be smacked in the face. So I try to teach everybody to avoid those round numbers. So for me the most ideal setup here would be if we actually overshoot a little bit and then I managed to get a stop somewhere sub 68, 30. And then if that doesn't work out, well, we have this structure that you can see here. So it says 68, 20. Well again, 6825, my stop would need to go below that. So again, depending on how the price behaves, I will still try to get my stop away from those levels. So in a way I'm still looking at these lines as a zone. They're not singular price levels to me, they're still a zone. And I think that's something to take away from any, any approach. You know, trading is not exact science as we all know.

[00:15:02.01] - Speaker 2
So we can't necessarily pinpoint everything to the tick. And crude oil is a bit slippery. Right. So we know that it likes to overshoot levels and that has to be accounted for in the approach. But basically the, the, the main thing, main takeaway is not to put your stops exactly where the GEx level is. Now if we move away too far from it, I will probably just let it go because anytime something moves away more than 10, 15, 20 ticks away from the level that I'm actually referencing, that's a bad idea. Right, because you're too far away. So now we can always have the risk of going back to the level and then you have a paper cut, even if it's not a full stop and you're just like, well, why did I do that? So some critical thinking before entering a trade is always useful. And that would be my approach for crude oil. Now I know that round numbers are pretty big in equities as well, but you know, you have things like nq I know, Anne Marie, you trade NQ a lot. Let me ask you a question. How would you approach something similar in nq?

[00:16:05.04] - Speaker 3
You know, for me, when I pop into these levels, my first thought is usually, is this a region that might give me future support or future resistance based on what the framework look like. So in that same chart, because we tested the low in the double bottoming formation and then broke up and made a new high within that range, going all the way up into that upper edge. Exactly. It tells me that there's a potential for a megaphone that might be building and that level down there at the gex, although it's there is a little bit squishy. And so my thought and my goal is usually I'm going to let it collapse through that number and then if there's buying pressure underneath it, I'm going to watch for a reversal formation. And so a lot of times 30 minutes feels like a really long time to wait for a reversal formation because for me it's got to get a candle that fails to head lower, a candle that tests resistance, which might be the same candle, but then at least another candle that pulls back and holds a higher low. And so sometimes I will hop to the 15 minute formation and say, all right, if this collapses here, let's see how it holds from that framework.

[00:17:39.08] - Speaker 3
And then once it recovers the GEX line, I'm going to take the trade. And for the reversal formation, I would do the same thing. Is it breaking past it? No, I see a lot of topping wicks. It makes me a little nervous. So I will wait for it to fail. And you can see I give up a lot of profit in that space. You, your trade executed because you saw that potential for that failed auction event and so you got in sooner because everything else was setting up on those time frames for me, unless I collapsed to a tighter time frame, I would have to wait for that great big down candle and then the first bounce higher that doesn't break the decks and then I can rotate into it and it would, I would go small size because that high volume node right in there would give me a little bit of angst. Right. And so I would add to the position. Once again, it collapsed through the range. That's, that's really what, that's what I do.

[00:18:52.19] - Speaker 4
It's a good one.

[00:18:54.02] - Speaker 2
Yeah.

[00:18:56.17] - Speaker 4
So if I would ask me about my risk management when I'm looking to crude, by the way, I'm not crude. I was, I was trying this two times or many times, but I'm not good in this. I'm a really bad example. I'm good in NASDAQ and this is my main one. But the same goes for nasdaq. So if you're looking to the gamma levels so we see that we that we failed on GEX3. For me it's all about the location and the risk reward. So for me, the next stop loss who I can send is above the GEx5. But I won't see if I have some big gap between some levels from gamma levels because I now we will fill most of the time the the gaps. So then I'm, I'm looking into is this a really good risk reward for execution? I have no problem with this to risk maybe US$500. But if the the really good potential is there to make thousand or 1500 or 2000. Because if you're going down from high wall to gags 4, this is a big gap if you're looking between 3 and G5. So the risk reward is perfect in this case.

[00:20:10.24] - Speaker 4
This is something what I really like to see because I like the teamwork between the gamma levels. For example, the GEX 3 is supported from the GEX 5 for the short. So we have the GEX 5 as a big brother will support us with our protection to fall down between GEX4. And if I want to go long on GEX4, GEX1 will be my protection. But then I have a big gap between GEX4 and GEX1 and I won't see if we're going now up from GEX 4 to high wall or GAG 3 makes the sense from the risk reward. Is this something what what I really like? Yes or no? If this is a too too big risk, then I don't want to take it.

[00:20:54.08] - Speaker 3
Gotcha. I have a question for you, Patrick. So it. Do you always use those markers from moving from one GEX level to the next as the next target in the range?

[00:21:06.28] - Speaker 4
Yes.

[00:21:08.04] - Speaker 3
Wow.

[00:21:09.29] - Speaker 4
Okay. And I'm using also the blind spots. I'm using also the blind spots because sometimes the blind spots helping me also are really good. So if I see that some blind spots supporting for example the high wall, we have one or two blind spots near the high wall. Then I know exactly. This could be a really big range or big support and then boom. I take it.

[00:21:33.08] - Speaker 3
Okay, could you, could you show us your chart and then use the NQ and then show us some of those blind spots and that sort of thing that would be.

[00:21:44.00] - Speaker 4
Yeah, I can, I can show this at the end.

[00:21:46.19] - Speaker 3
Okay.

[00:21:48.14] - Speaker 4
Okay.

[00:21:49.01] - Speaker 3
All Right, Yeah.

[00:21:49.26] - Speaker 2
So that, that's another way that I use these levels. Like sometimes when I look at maybe not crude oil, but gold chart, you will have a lot of the levels very close together and that never really. Yeah, it never really brings the best day because you know you're going to get a lot of speed bumps on the way. Yeah. And, and it just kind of stays range bound. And then if I see that the, the market is opening inside value as well, it's like, yeah, we're probably going to be stuck in a range for a while. So that's the second way to use these levels. It's so useful. And then when you see a big jump, like Patrick said, you know that your risk reward if you're shorting is going to be pretty big. But we have to use it. Like I find that I have to watch the time of day on crude oil specifically because it has very specific times of day when it will move and then it slows down.

[00:22:42.11] - Speaker 3
And what, what are those?

[00:22:44.11] - Speaker 2
So usually post NYCAT is off to 10am Eastern. So from that point on all the way to noon Eastern, you get quite a nice setup. Anything after that tends to have much lower volume, lower ranges. So if you miss that part of the day and you don't quite know what to do with it, as a crude oil trader that introduces problems. I know that NQ traders, you know, you guys have so many options and you know it's just flies around all session. But crude oil is a bit finicky that way and Patrick saying that it's difficult. I get you, I, you know, I've heard this many a times like how can you possibly trade this? But there are little kind of tricks to it. So if you're getting involved during the initial balance, that's just usually just wicking around, up and down, up and down. It doesn't really have direction on most days. So if you try to trade the NYMEX open, you're probably going to get quite a few paper cuts before you get a really, really good move out of it. So if you keep in mind the post 10 white card is the first opportunity.

[00:23:52.27] - Speaker 2
So post 10am and then the second one comes sort of in the last 30 minutes or so of Nymex. So right before settlement and that's in Eastern time, that is between 2pm and 2:30pm that's the same second window. But generally you're not going to get a massive trend out of that. So it's more of a scalp opportunity. So in that situation, if we're Somewhere in between these other levels, let's say that we rise up and we end up stuck between HVL, GEX3 and GEX5. It's not going to give you much. And then I would use literally the levels as a guide to run more scalpy trades into the end of the day.

[00:24:35.20] - Speaker 3
What do you think about pre market since these levels come up to us at the close of the prior day?

[00:24:42.18] - Speaker 2
Crude oil is, is a little bit tricky for me. I prefer copper or platinum for pre market. I find that they, they do move quite a lot and they give you cleaner, smoother moves and the same thing applies. So you need to find an opportunity within these levels in order to run a nice big trade. But that's surrounded by the time when you start seeing an increase in volume and thereby you can get a pre market trending move. But crude oil, I know that we've had a few days this year where crude oil did move a lot during Asia and during that overlap period, but that's not the norm. So I've been trading crude oil for 12 years. This is good to know. Very odd year.

[00:25:25.23] - Speaker 3
Yeah, good to know.

[00:25:29.02] - Speaker 1
Nice. And maybe I can add. So obviously we released the intraday stuff and maybe I can add some tips on how to actually leverage.

[00:25:42.13] - Speaker 3
Yeah, that'd be great.

[00:25:44.15] - Speaker 1
Right. So first of all, we now have our new dashboard and I'm gonna go through in a second. But the intraday levels are going to be available for stocks, indices and ETFs. So here for example, we were looking at the crude oil futures, we were looking at the net gamma exposure charts. So those jacks level that you mentioned can also be looked in a chart format. So you can come here and see that. But what I've did right now is download the intraday levels for the USO etf. Right? So here you have, you see the timestamp at 12:30. So these are the levels I go on my training view. And now what I'm doing is I'm plotting the USO level on my CL1 contract. So confirming your areas that you have in your chart. Now you also have kind of like the intraday levels right here. We have now our core resistance levels. We are, we are very close to this kind of core resistance area right here. And this is basically using intraday data from options from USO converted to CL in a matter of like 30 seconds.

[00:27:00.04] - Speaker 2
I love doing that with crude oil and gasoline futures. So I convert crude oil levels into rbob and that works really nicely because RBOB can move.

[00:27:09.09] - Speaker 3
Oh my gosh yeah.

[00:27:11.03] - Speaker 2
Yeah. It's a really, really good tool. So yeah, if I want to trade RBOB and I want to see where crude oil levels are on that chart, actually I can probably show you. Let me just find it. Okay, I'll find it and I'll show that. Oh, here we go. Here we go. I've got it. There they are. So I always have this. If crude oil is a bit sluggish and slow a lot of the days gasoline futures will be the more liquid products. So this is exactly what's the same thing. So we have the crude oil levels but they are converted into our BOB and it works.

[00:27:51.02] - Speaker 3
I like that.

[00:27:53.02] - Speaker 2
Yeah, yeah.

[00:27:54.25] - Speaker 1
And also with gasoline there's not enough option volume. So that's actually a good walk around if you guys are training.

[00:28:01.19] - Speaker 3
Yeah, Y. Y that's awesome.

[00:28:04.05] - Speaker 2
Very thin. There's like three people trading gasoline options and I'm probably one of them.

[00:28:14.29] - Speaker 3
Okay, that's hilarious.

[00:28:16.19] - Speaker 1
Yeah, I think d. I don't know if you. If you do that as well. So Canadian dollar on crude oil. I don't know if you use that.

[00:28:26.02] - Speaker 2
Yeah, I used to do that before July. So I joined you guys earlier in the year and then when CME decided they're going to do bi weekly crude options, we suddenly saw an increase in. In volume in options trading. So I don't find that I have to do that anymore. But I used to do that. So that was my first kind of line of resistance because generally crude oil options weren't that liquid up until. Well this year really. And then to. I mean, I'm not sure why they introduced the bi weekly options. We used to have just like the regular sort of third Friday expiry and crude oil. And then July comes and they're like, well now you can trade bi weekly crude options. And immediately the volume jumped from like, I think it was like maybe 15% up to 30%. So it nearly doubled. So therefore I don't need to look at Canadian dollar anymore because I actually find that the crude oil levels are pretty awesome. They're very, very accurate. Unless we have like a crazy day where everything just goes. Goes into a mad trend. This is more, more than enough for me.

[00:29:31.12] - Speaker 1
Yeah.

[00:29:33.25] - Speaker 3
Excellent.

[00:29:34.23] - Speaker 1
And Maria, I want to share some. So we released the data about two days ago, so obviously pretty new. But I think we already had some example. I don't know Patrick, if I'm going to share what we had a couple of days ago because I think it's very, very useful.

[00:29:51.27] - Speaker 2
I see somebody's asking what other than uso are the other correlated assets for crude futures. So Canadian dollar would be one. There is a crude oil Vix because I see that he's mentioning Vix and Mag 7. Yeah. So OVX is the same thing. So volatility index for crude oil. I think CME used to have it just for free without logins, but now you have to just create an account. It's still free, but you need to, you need to log in and that's useful to know. Personally I only like to trade crude oil when it's above about 30ovx. Anything under that, I find that crude oil just doesn't move as well. So that's something to keep in mind. But it is a commodity. It is an actual commodity that exists out in in the world. So it's not like an index of several, you know, 500 stocks and then you can look at the biggest seven. It's an actual commodity. There is a physical supply, physical demand for it and that's why it moves. So you're not going to get the same kind of thing. You can get an ETF obviously, but it is a physical product.

[00:31:02.04] - Speaker 2
So just keep that in mind. So there's no real parallels with Mag 7 versus NQ or a whole bunch of companies that are doing crude oil mining or refining and then kind of using that. It's going to be the other way around. The crude oil supply and demand is what's going to be driving the price of the other companies effectively.

[00:31:23.22] - Speaker 4
But. But there's also something really cool to know. So. And also for you, Anne Marie, if you trading the nq, the OVX is a really good one for you because with the Middle East, Christ and with all the stuff what is going on in the world and you see that the OVX is responding to them really heavily then you know, you will see exactly the move in the NQ also a big move on the nq. Think about what was happened on the last news. So what was moving first? Crude oil. And then we get the drop in the, in the NASDAQ and if you were seeing this in the OVX first. So that this was a really big jump on the UVX and this was for me my warning sign. And then I was check out directly the news and boom. I know, okay. And I was going nearly all in on my NASDAQ because I know if something goes crazy on the ovx this have some effect on the nasdaq Sometimes it's connecting the dogs.

[00:32:30.08] - Speaker 2
Yeah, it's definitely very useful. I find that People are like, how do you deal with headline risk? Well, I watch Financial Juice. I always have it on one of my screens. But, but yes, Patrick, you're absolutely right. If we have a potential for risk off or risk on day that will show up in, in risk assets first, like crude oil specifically. So OVX can be an excellent way to do that. I like that. That's great.

[00:32:54.13] - Speaker 4
Okay, sorry. Go, go.

[00:32:55.28] - Speaker 3
Oh, no, no, no, no, no, not at all. What I was saying was the Canadian dollar is still something good to look at in terms of watching crude because I don't know if everybody knows this, but a lot of the oil that we use comes from Canada. It's heavier grade, not, not the light sweet that we might use, but it's a, it's a grade that can be used for other types of things. And so I, I think that's a good one to still keep on the, the landscape. Especially since the Canadian dollar has gotten so much weaker over the last couple of days. That's got to do tariff shenanigans. That's just a bargaining chip. So we'll see how that goes. But I think it's also a good thing to watch. For sure.

[00:33:49.24] - Speaker 2
Yeah, they definitely correlate. Yeah, it's heavily.

[00:33:52.23] - Speaker 3
Yeah, for sure.

[00:33:57.05] - Speaker 1
All right, Let me see.

[00:34:08.04] - Speaker 2
Somebody's mentioning CQG frozen. I do believe it's an early close. Supreme dream. Yes.

[00:34:13.13] - Speaker 3
Yeah, it is.

[00:34:14.14] - Speaker 2
So not frozen. Markets. Markets are closed.

[00:34:19.01] - Speaker 1
That's good.

[00:34:22.14] - Speaker 4
Christmas holiday. So we will get this off more often that the market is closed.

[00:34:29.01] - Speaker 1
Yeah. So I wanted to share some, an example that we saw a couple of days ago. DNA, Marie, on how you can actually leverage kind of the intraday stuff. So this is a Q. Q. Q. From obviously two days ago before Thanksgiving. And these were the end of day levels. So the one in red. And obviously we had a strong bearish move at the open. So obviously everything broke towards all the levels. Right.

[00:35:00.02] - Speaker 2
But.

[00:35:00.13] - Speaker 1
But what if we were to recalculate now the levels at the open? So this is a 9:45, 9:50, 9:35, sorry, snapshot. So five minutes after the open where all the option market kind of like start trading, we start seeing like some movement at the open. And now we have the new levels that are available after 9:35.

[00:35:22.25] - Speaker 3
Oh my gosh. That's amazing.

[00:35:25.02] - Speaker 2
Yeah, yeah. So we have a perfecting over this feature for a while now.

[00:35:29.29] - Speaker 3
Oh my goodness. So question for you. How often do the blind spots update? Is it just right after the open and it gives us the new ranges and that's how we use them.

[00:35:44.14] - Speaker 1
So the, the blind spots currently update once a day, but the gamma levels update six times a day. And we're going to increase the snapshots. So they, they are updating right now at 7:45am the reason why 7:45am is because the new open interest is published in the morning, so, so available probably around 7am on all the trading platforms. So we're gonna have that snapshot, then we're gonna have the opening so 9:35. Then we're gonna have a 10, 10:45 and then we're gonna have a 12:30, 2:30 and 3:30, 2:45 and 3:30. And the reason is that those are the power hours, so the big institutional training and then you have a kind of slowdown in the market and suddenly everything come back about 2 o', clock, 2:30. And then obviously the last 30 minutes are very important. And the reason why we do also the last 30 minutes is because if you have earnings like Nvidia or Apple after you want to be ready for hey, we are almost at the open, what is the market doing?

[00:36:52.18] - Speaker 3
Okay, and so those will update after 3:30 right p.m. eastern.

[00:36:58.25] - Speaker 1
Yeah. So by the like the last 50 minutes of the close you can have the, the latest level from 3:30 and then you can obviously look at what the market is doing. You know, are people now hedging more? Because we are getting closer to the event and well they hit what are the levels.

[00:37:14.23] - Speaker 3
So yeah, amazing.

[00:37:19.05] - Speaker 4
And if you be in futures trader, so you can convert from the ETF or from the indices. So this is, this is really powerful. You can basically convert from QQQ to the NQ or from the oozo to the crude oil, from GLD to the gold futures. And also Fabio, we have also some good news for Bitcoin traders. We have also the Bitcoin ETF now. So we have also the snapshots from the Bitcoin etf.

[00:37:46.00] - Speaker 1
Yeah.

[00:37:46.15] - Speaker 3
Okay. And so do you use the most liquid Bitcoin ETF to generate that data?

[00:37:52.22] - Speaker 1
Yeah, we use ibit but we're also going to add. So IBIT started doing options last week. So we got it straight away and then. Yeah, and then we can see if we can go into the dashboard. We scroll the way, all the way here. So we do IBIT. And then you have all the, all the different charts. So here we have our net gamma exposure chart on IBIT and then we can also get our revenue levels and then we can also copy those and convert them. But we also have the bitcoin futures, too. So MBT can use.

[00:38:35.20] - Speaker 2
So, Fabio, can I ask you a question? If. If you have any plans to do, you know, the swing five days and swing 20 days, do you have any plans to do that for the alternative markets like crude oil and stuff? Because I think.

[00:38:50.02] - Speaker 1
Yeah, we do, but the challenge is the rolling with the futures, because the problem is with the crude oil, you have monthly contracts and it's hard to then look at the history.

[00:39:00.09] - Speaker 3
So for sure, yeah.

[00:39:02.24] - Speaker 1
So because we also want to give you, like, with a string model, we want to give you like the history. So we want to show you, for example, if we scroll all the way here, we also want to show you the success rate, because otherwise it would be. Would be hard to kind of see. So here we have, like about 40 days of history, and crude oil is going to be very challenging because there's a.

[00:39:26.29] - Speaker 2
Keep flipping contracts.

[00:39:28.12] - Speaker 3
Yeah, absolutely.

[00:39:31.05] - Speaker 1
But you can do it with the uso. So you can. So you can. Basically an alternative would be you take the swing model from uso, and then basically this will give you the chart, but then you can also go and get the levels. So I can actually go and see. Okay, like, give me the levels for uso.

[00:39:56.22] - Speaker 3
Yeah, you can move them in onto trading view.

[00:40:01.23] - Speaker 1
And then basically now if we go back to our crude oil. Let me actually. So now you have basically our kind of like swing levels right there.

[00:40:20.17] - Speaker 3
Yeah, gotcha.

[00:40:22.07] - Speaker 2
And look at that. Right into the bottom of the range. I mean, it's so good.

[00:40:26.02] - Speaker 3
I know. I mean, these tools are a game changer. I think a lot of times people just get nervous because they're new and they're like, oh, my gosh, there's so much information. And at the end of the day, you know, you just have to.

[00:40:41.13] - Speaker 2
Yeah, I think that it's not something that a pure novice trader would want to use. I think they would get a little bit lost. But for anyone who's been trading like two, three years and is ready to take the next step to refine what they're doing, you know, maybe get more confidence in the setups. I mean, then it's time to start looking at this sort of data. And it's so, so amazing because it takes the guesswork out of the whole equation. You never have to wonder, oh, are we. Are we really at the bottom of the range? It's like, yeah, you look at, for example, swing five days, it shows you that lower band. So if you're planning an overnight swing trade, just wait until that hits and see whether there's a reversal, it simplifies it and it's based on real data. It's not a random level that was randomly sort of put together with a lagging indicator. It's like oh, there we go.

[00:41:31.14] - Speaker 1
Yeah. And also if you.

[00:41:35.04] - Speaker 4
Let me say something about the swing trading model, maybe you remind your mind when we was doing the session for Nvidia here on YouTube or on social media, wherever you was listen to us, you was looking into the earnings and what I was saying look to the success rate from the swing trading model. So I think there was a, a lower band and we was near the lower band. I was saying basically on the lower band we have a success rate. I think on an Nvidia it was 80%. And I would say okay, when we touch this area doing that the earnings I would go long there because there is a, a tiny chance that we're breaking truth this. So and based on this, this was also my trigger point on the NASDAQ because we're trading futures so we have 23 hours. This was the point when I was side by side. I have the Nvidia shot on the right side. On the left side my NESTEC chart. Boom. If we touching this area. I was long on the NASDAQ and was making a good of money based on the, based on the Nvidia stuff what we have on, on the trading models.

[00:42:46.08] - Speaker 4
And then I was double checked. So we saying to the traders always or me my person have always a second confirmation. Don't go into the trade because you see only one signal or one, one something or what, what you really like. You need always a second one. And the second one was for me the Nvidia swing trading model because I know the success rate from them and boom, it was, it was so nice. So for this reason you should always have the swing trading model on your side if you trading crude D. So the OZO will be perfect for you if you be there and you think about a long on short. Boom. Take it.

[00:43:21.27] - Speaker 2
Yeah. On, on our corporate account we do a lot more swing trading over like several days. So that's why that sort of data really helps us because we have some, some ways to calculate when is the time for the swing as well. But this brings in additional confluence that you're talking about, Patrick. So that second and third confluence completely derived from another concept that is telling you the same thing. So that's what you want. You don't want you know, a whole bunch of indicators like you know, RSI moving average this, that and all telling you the same, same information. You know, that's, that's how people get themselves in trouble.

[00:43:59.28] - Speaker 1
If I can add. You know the reason why we started doing options is because they are forward looking information, right?

[00:44:06.05] - Speaker 3
Yeah, yeah.

[00:44:08.05] - Speaker 2
All time highs, even at all time highs, what can you look at? Nothing. You have no levels. But look at the options chain. Where is the interest? It can give you a reference point. It's. It's just mind blowing.

[00:44:18.26] - Speaker 1
Yeah.

[00:44:23.08] - Speaker 4
But I like this. So, so look at this. So D and I think I'm trading more than 20 years now. So I know, I think 20 years now for now. So since I be out of the school, I was not going to, to high school. I was doing nothing. I was trading directly after the school trading. There was nothing what I was doing. I was only one time working and this was on the for, for Visa card for promotion because there was a beautiful lady on the airport and I say hey man, you have the easiest job of the day. Everyone, everyone is signing, everyone is signing on your contracts. And she said to me, okay, if you think that's so easy then do this. I was there, but I get no one. So. But this was my only job in my life. So don't get me wrong. So trading is also hard work.

[00:45:13.05] - Speaker 1
Yeah.

[00:45:14.06] - Speaker 4
But I like this that we have always the same mindset and we're thinking always on the same way. So you, you was also confirmation. Hey, we need in, we need second confirmation. We need confirmation.

[00:45:27.12] - Speaker 3
Yes.

[00:45:27.23] - Speaker 4
Anna Marie, you have the same mindset. And if we're speaking with beginners, say looking for SI MACD they need 20 indicators on the shot. So crazy. And I think for everyone this is, this is some really nice examples. So you have now me, you have D, you have Anna. So we're talking always the same but maybe in a different language because D is more liking the crude and is also more liking the nq like me. But at the end we speaking the same language.

[00:45:57.24] - Speaker 3
Exactly.

[00:45:59.00] - Speaker 4
And this is the coolest thing.

[00:46:00.28] - Speaker 2
Yeah, that's something to take away. Definitely. Whoever is watching this, notice that we all have different approaches. Yes, we all use mental Q levels but at the end of the day we all have a slightly different way of looking at them, but it's all the same thing. So we're looking for confluences from several different concepts. Two or three usually to give you the chart and trade location with quite some confidence. And then you look for the price action. You look for evidence of other people looking at that as well and having an effect on price without an effect on price. Nothing really matters. So it's all down to orientation, point, trade, location, chart location, and then you are the one who has to pull the trigger. So how you're going to enter, you know this, like they say, there's a thousand ways to scan a cat, right? So you can go down to a very low time frame. And I do that as well. I use bookmap for that purpose too. Because you want to see some volume there. If you, if you don't have volume, you're going to be sat in a trade for 90 minutes, two hours, that's doing absolutely nothing.

[00:47:00.04] - Speaker 2
So you have to still have somebody else who has deeper pockets and actually is interested in the same area. And that's why these levels are so.

[00:47:09.02] - Speaker 3
So awesome, for sure. And you know, one of the big things, what I love about seeing men Q, it gives me a snapshot of the landscape of where people are positioning and when it comes to decisioning. At the end of the day, we only have two questions in mind. Where do I buy? Where do I sell? And so if someone is looking at this really for the first time and they're newer and they're saying, well, you know, here's. Here are the great big takeaways Patrick mentioned. Hey, listen, you'll normally stair step from one gex level to the next. But two, that level is just a space that says, hang on, here's a place people have made some decisions, but how it transfers out is going to matter in terms of, well, let's just see where it goes next. And the key thing to remember, folks, the biggest thing you can ever learn is where is support and where is resistance. And that's what mentor Q does in spades. It doesn't mean that support can't get broken. It doesn't mean that resistance can't get broken. But you know, it's there and it's going to be a battle.

[00:48:38.01] - Speaker 3
So if you say, hey, listen, that looks like resistance, but it looks like a breakaway to me, and you're going to take it from one level to the next level above. You can look below and go, okay, well there's my risk. My risk is either going to be the level below it that's marked one of my blind spot levels, or the last low of my last 30 minute candlestick before that that break out. And you know immediately whether you're right or you're wrong and using those levels and saying, all right, I think this is going here. You'll immediately know, okay, well, if it's going there, it better not go here. So that's my risk. And managing that risk becomes much more simplified. When you're looking at something and you're going, okay, that's supposed to be support. There's a lot of people positioned right there and if it doesn't work out, they're going to puke, they're going to run for the fire escape. So why hold on, right? And so those are the frameworks that you can use for yourself in the space that really, how can I use this level and these levels to actually get better?

[00:49:57.26] - Speaker 3
And so if you have one or two indicators there, you can go, hey, you know, my moving average says X or my MACD says X. A lot of times those types of indicators are more emotional support than actually physical support or resistance. But even if you have those there, that line in the sand that tells you, okay, this line tells me a lot of people are interested in this space and if they can't hold it, they're gonna puke. So either I wait for it to break and chase it, or I wait for it to hold and move along with it. But at the end of the day, we can go either way and be wrong. But the fantastic thing is our risk is managed because we can see the floors and we can see the resistance. That's my spiel because I think it's a super important part of how to embrace these levels. Because a lot of times, you know, we're not really thinking about, oh, that's exactly where that needs to come from, or X, Y or Z. Yeah.

[00:51:09.23] - Speaker 1
And I think throughout that. Ann Marie, like this is another example on the VIX for, with the intraday levels from two days ago. So when I look at gamma levels, it's like, we're not trying to change the way you trade, but we'll try to give you more information that you can use. Because think about if you were looking at this chart, you're now at support here. But where can it stop, right? What if you knew that, oh, there's a very massive important level which is the put support level. And once you learn what that means, then you understand that this is very important. And then going back to the upside, we have a massive strong move of the vix. So where is it going to stop, right? Where is the end? Is it going to go past this 15 level? What if you had those lines and you knew that this core resistance is right there? Core resistance is a very hard level to break. Then you have your one day max right there and suddenly boom, drops. And then we go back to our kind of Q. Q. Q. Area where we have the same kind of opposite effect on the other side.

[00:52:12.20] - Speaker 1
Right.

[00:52:13.04] - Speaker 3
So, yeah, it's so beautiful.

[00:52:16.10] - Speaker 2
One of my favorite setups is when I have stacked up because I. I do use a similar measure to one day max and one day min, but it's. It's. It's much simpler than that. It's just like an average of a certain range over X number of days. However, I do have another measure that only uses regular trading hours, and I call that the average session range ASR. And one of my favorite setups in crude oil is when there's a core resistance and one day max. But also we're exhausting the regular trading hour session range around there to too. That's worked for me like 80% of the time. Obviously it doesn't happen every day, but when it does, it's like, beautiful. Yeah, Love that setup.

[00:52:58.03] - Speaker 4
But Fabio, let me. Let me. Anne Marie and Diana, blow the mind about risk management. Come on, let's go to my shot. Come on.

[00:53:12.08] - Speaker 3
I love the enthusiasm.

[00:53:14.02] - Speaker 4
That's awesome.

[00:53:14.15] - Speaker 2
Yeah.

[00:53:14.23] - Speaker 4
Yeah. So, all right, so technically, this is our shot from today from nq. So everyone knows I'm not using the GEX levels. I'm using always the major gamma levels. So call resistance one day max eyeball call resistance. Put support because I'm adding the blind spots to my chart. We were speaking about risk management and how we can enter the shot. So what I'm technically doing to manage my risk much better, we were saying, okay, we trading from zone to zone. So we can say, okay, I like the high wall, so I can go long here. And this could be my. My stop out. Or here I can have my risk management. But I will not say to you go in on the high wall area or not go in in the call resistance area. Use your Fibonacci tool. Connect the levels from levels. And here we go. What you can see. Boom. We are directly here on the tick. You see it?

[00:54:21.03] - Speaker 2
Like it?

[00:54:23.22] - Speaker 4
So this is. This is the area where I would go in. And then I reduce my risk because look at this. So here's my five. Now I reduce my risk on a little tiny way. So I don't say any more risk from high wall to BL5. No. Draw your Fibonacci. If you want to know what settings I'm using, I have only the settings here on my shot, I'm using only this. Why I'm using this because it's really simple and easy. So I can drop from the top to the bottom or the bottom to the top. No way. It's always the same. And then I connect this and also if you want to re enter a trade like what we have here. So you can now connect the call resistance to the blind spot one and see what area they showing you from. Reenter. Perfect. And then you can say okay, I will re enter here and here will be my stop loss if you miss maybe the area. You can do this easily. You can also say okay, where I want to be. Go out. Don't go out on the one day max. Don't go out on the call resistance.

[00:55:30.16] - Speaker 4
Connect also to the next level. So maybe you use the blind spot and then you see. Look at this. What you see.

[00:55:38.16] - Speaker 1
Boom.

[00:55:40.04] - Speaker 4
So in this case you can become a little bit better on your profit taking and on your risk management. So this is a really powerful way. And look at this. So now let's connect the BL5 to high wall. Because this was also in the morning here so. Oh, this was yesterday. Sorry. But let's connect this. We will see the same picture. It's. It's working always like magic. So BL5 to high wall. Boom. Look at this. Where we, where we get it. That's exactly this area here.

[00:56:12.23] - Speaker 2
Effectively using 50 retracement between the levels for.

[00:56:17.00] - Speaker 3
I know. I love the half back.

[00:56:18.20] - Speaker 2
Great. Yeah.

[00:56:19.13] - Speaker 3
Halfback is my favorite. I. I love doing that. I have a question for you. Could you show me how you only have the big call areas set up when you use your tool? How do you. How do you. Yeah. No, not the Fibonacci.

[00:56:45.19] - Speaker 2
The.

[00:56:46.22] - Speaker 3
The actual mentor blind levels.

[00:56:50.04] - Speaker 2
You mean? Yeah.

[00:56:51.04] - Speaker 3
How do you just have. Yeah, I go.

[00:56:56.27] - Speaker 4
I go only in the color settings and I make this on the same color everything.

[00:57:01.06] - Speaker 3
Oh yes.

[00:57:03.28] - Speaker 4
Because I like this if my. If my shot is clean.

[00:57:07.16] - Speaker 3
I know.

[00:57:08.10] - Speaker 4
And in this case it's really easy and simple for me to read the shot and, and look at, and. And look at this. So if we. If we connecting also the big chunk like from BLA to call resistance. So we can connect this also as an ascent support. So if you're taking out the indicators, if you're taking out everything. Look at this. How. How this is matching. It's magic. And I'm using the levels most of the time to map out my support and resistance based on the Fibonacci concept for my risk management. I know exactly where we are. And this is so, so powerful. And, and you become much better. You become much, much better on your risk management because you don't taking any more so much risk on your trade. You Become better in profit taking. If you're using the Fibonacci between the levels, connecting the levels with the Fibonacci. And this works. 90. 90%. 90% works is perfect.

[00:58:12.07] - Speaker 2
Yeah. Because NQ is so massive and whoever wants to trade it with, you know, any decent size, you need to find a way to limit risk.

[00:58:21.08] - Speaker 3
Yes, that's the way.

[00:58:22.11] - Speaker 2
Yeah.

[00:58:22.28] - Speaker 3
100.

[00:58:25.10] - Speaker 2
It's a great way to do it. I'm impressed.

[00:58:27.08] - Speaker 3
Yeah, I like it. I'm going to be playing with it this afternoon for sure. Yeah.

[00:58:32.26] - Speaker 4
So I blow your mind correctly.

[00:58:34.28] - Speaker 2
Oh, yes.

[00:58:42.01] - Speaker 3
Love it, love it.

[00:58:45.02] - Speaker 4
Hello, culture.

[00:58:50.17] - Speaker 3
We lost Patrick.

[00:58:51.26] - Speaker 2
Do we lose Patrick?

[00:58:54.25] - Speaker 1
Let's see.

[00:58:56.13] - Speaker 4
Trains also in our shot.

[00:58:58.13] - Speaker 3
Oh, nice.

[00:59:03.12] - Speaker 1
Can you hear us, Patrick?

[00:59:04.09] - Speaker 3
Yeah, yeah, he's back. I think I see his eyes. I see his eyes blinking.

[00:59:10.20] - Speaker 2
You froze for a second.

[00:59:14.18] - Speaker 4
Oh, sorry. Yeah, I was saying.

[00:59:19.29] - Speaker 3
Oh, the gremlins got him.

[00:59:22.11] - Speaker 2
Yeah, sorry, sorry.

[00:59:29.03] - Speaker 3
Mom, mom, we need some love.

[00:59:35.03] - Speaker 1
Let's see if we got some questions.

[00:59:37.13] - Speaker 3
Yeah, sure.

[00:59:40.26] - Speaker 1
All right, so let me go back. Yeah, there's a few questions on integration. So just to go back, you can add those levels basically on all the platforms. So TradingView obviously is available, is one of our main indicator. We had ninjatrader, quantower, atas, bookmap, Sierra. We have some Trading View indicator as well. We have Tinker Swim and Metatrader. So all of those, most of Those are integrated APIs. Some platforms do not have the capability. So in the case of Trading View, we are actually going to come up with an alternative solution in December where the levels will be automatically updated, but all the rest is really automated via API. So very, very simple. So once you have an account, you can access the API key and you'll be able to integrate the indicator into your platform.

[01:00:36.23] - Speaker 4
And there's also a really good question from Zoo, Fabio, Patrick, do you put NDX QQQ on your NQ chart as well? So with the new intraday levels, everything is changed. I'm setting up my shots completely new because I know at 9:35 we have a new one day min, one day max level. So this is something what comes now in my new setup. And at the moment I can tell you I have no idea. I have to play out because we have delivered since two days. So everything has changed for now with the intraday levels. And this is, this is, this is the cool thing as a trader. So we learn every day. So what I'm telling Maybe here on YouTube last week is no more valid today because I make new, new experience. And this is the cool thing for every trader. So you can, you can tell your friend about trading maybe, I don't know, use this, use this. And then you was taking some experience in the market because there was some big event and. And this was, I don't know, have some impact on your trading style. And then you think about, okay, how I can prevent what I was missing on my trade, how I can become a better trader.

[01:01:58.24] - Speaker 4
And. And your mind is working every day, every day on the shots. And then you're developing new strategies.

[01:02:07.20] - Speaker 1
Thank you, guys. And thank you for, for your feedback.

[01:02:14.19] - Speaker 2
Yeah. Apologies for the dog. Someone came to the door and just went ballistic. So DEFCON 1.

[01:02:28.14] - Speaker 4
How many dogs you have?

[01:02:30.26] - Speaker 2
I. I have eight.

[01:02:32.29] - Speaker 1
Wow. Okay.

[01:02:33.26] - Speaker 2
Yeah, yeah, it was actually the puppy's third birthday, so they're not puppies anymore, but yeah, they just turned three. We also owned the parents, so it's. It's a mad house. Let's just put it that way.

[01:02:44.21] - Speaker 3
Well, you know, dogs are pack animals, so I am sure they are so happy that they have so many friends. There's just. I can't even imagine how happy they are having each other. That's fantastic. Well, and you for a moment.

[01:02:59.05] - Speaker 2
Yeah. Never, never, never bored. They're always playing together. There's always craziness. They're always like running around and stuff. And they love sleeping together as well. So I definitely agree that pack animals, they want to be with me all the time. So this is why I frequently have to have at least three or four of them in. In the office. Otherwise they. They cry outside the door, which is even worse than just a random bug here. There's.

[01:03:27.15] - Speaker 3
This was fantastic fire. Thank you so much for making the time. I love spending time with Dee. I don't spend nearly enough time with her. And so that was always. That was always treat. Is always a treat for me and Patrick. It's nice to actually meet you. I think we've maybe talked by text a little bit, but I love your enthusiasm. Just like I love Bobby Os and, and this was really great. Super informative.

[01:03:54.08] - Speaker 1
Thank you guys for being here. And as a special thank you also, I want to share that until Monday, if you guys create a free account, you can also access our dashboard so you can play around. You know, just create a free account. You'll be able to access the data right here. So just play around, see if you like it. And we also have our Black Friday option right here. So if you. You guys want to join us, we have some really nice deal going on until Monday, so.

[01:04:22.12] - Speaker 4
But Fabio I think there, there is some. Some question who I think every beginner trader have and maybe we can pick my mind, we can pick d minds, we can be animals. For this question the question came from Paul. What what we doing? If you're missing a trade or if you're missing a level. I think Anna Marie, you first just.

[01:04:52.04] - Speaker 3
Wait for the next one or wait for that one you missed to come back.

[01:05:00.14] - Speaker 1
That's the best answer.

[01:05:02.09] - Speaker 2
Yeah, I'm gonna say the. The secret of patience is doing something else in between. So if you miss a level go and do something else. Find a hobby. Don't just sit there and click buttons. So definitely wait for the next setup. Have an idea of what you want to do at multiple areas, multiple levels. Don't just get stuck in like just one one level in one direction. So try to develop the situational awareness and that will help you in the long run. It's not easy. Trading is never easy. So yeah just journal through the levels that have worked for you best and try to develop experiential data by looking at the markets. And even if you miss a level you don't have to trade. You can sit there and observe. Write down what you're seeing. We don't always have to be in trades.

[01:05:50.09] - Speaker 4
Yeah and I think if you have only one entry and you have no trading plan then this could be triggering. Triggering a little bit FOMO for your side. If you say definitely this is only my entry for the day and this is something what I really like then it will not working. So for me I'm planning my trades one week in the future. Why I can do this because we have the multi checks we have to swing trading levels. I have set my OLEDs on some areas what I really like we are not there at the moment but if we will be there. So I get an all out. So and this is also how we can maybe not miss some trade. That's some all so that you get maybe 10 points or a few points before this area. Some some notification and and I think if you plan your trade in the future and you know exactly your areas then you get not triggered because you say okay now I missed this But I know 50 points ahead or 100 points ahead there will become the next opportunity and think about the market is open.

[01:06:57.06] - Speaker 4
I don't know maybe when I'm dying the market is open. The market is open. When my grandfather was there. So the market is always open.

[01:07:06.19] - Speaker 2
Yeah, that's what I said.

[01:07:08.00] - Speaker 4
The markets we have every day some opportunities.

[01:07:12.07] - Speaker 2
Yeah, absolutely. There's always opportunities. Yeah. The markets will be here long after all of us are gone.

[01:07:20.02] - Speaker 3
For sure.

[01:07:22.00] - Speaker 4
But I think also, I think also one thing, what you should be always looking for. And d you were saying this, maybe use financial juice, find out when some headlines coming out. And also make in making your calendar some notes when we get economic data, make some notes when we have Fed speakers, make some notes when we have opex, make some notes when we have big earnings. Because you know that's the events at the end removes the markets.

[01:07:54.01] - Speaker 2
That's right. But also weekly events, we have the intraday. Put all of that in a weekly plan, you know, reference it throughout the week, see what changed, see if anything changed. Like when we look at crude oil and stuff, it's in a range bound market. So I can plan out that. Usually I want to be involved somewhere around 70 or, or somewhere between 68, 68, 50. Those are big reversal points. Right. So we know it's a range. That's what we're working in. Inside those are the levels in play. And then intraday, of course there will be other things that come up. But on a weekly plan, it's all pretty simple. You know, look for shorts around 70 and look for longs around 6,825. Right?

[01:08:40.29] - Speaker 4
Yeah. And why you need a trading plan. It's really simple and easy. One good example. So if you be on a train station and you're running and you miss the train and there's no plan when the next train will become. You freak out because you say, oh, I missed my train. But if there's some plan and you know in the next 60 minutes the next train will be going, you become, you go to the coffee, drink coffee, everything is fine. Go right.

[01:09:09.03] - Speaker 2
Very good.

[01:09:09.16] - Speaker 4
And this is same with the trading.

[01:09:11.03] - Speaker 3
Good analogy.

[01:09:11.26] - Speaker 4
If you know the next areas, what I really like, you become very calm and nothing happened to you.

[01:09:19.03] - Speaker 2
Yeah. One thing we don't do is chase after the train.

[01:09:32.19] - Speaker 4
All right. Yeah. So I hope this answer your question.

[01:09:36.11] - Speaker 1
Yeah. Oh, thank you. Thank you ladies. And this was awesome.

[01:09:42.21] - Speaker 3
Our pleasure.

[01:09:44.02] - Speaker 1
Yeah. Really, really loved it. And thank you for joining us, showing your setups. I know it's Thanksgiving for you and Marie and thank you for taking time with us.

[01:09:56.26] - Speaker 3
My pleasure, My pleasure.

[01:09:59.13] - Speaker 2
Yeah, this is great. Thank you for having me. I always love spending time with Anne Marie and.

[01:10:05.18] - Speaker 3
Same same.

[01:10:06.06] - Speaker 2
I've been, I've been looking forward to, to meeting Patrick Fabio. We've already met before, obviously, but yeah, this is, this has been very informative. Yeah. And you always learn something new you know, I've been doing this for 17 years, and. Yeah, every time. Thank you.

[01:10:23.11] - Speaker 1
Yeah, thank you, guys, and thank you for watching. And.

[01:10:29.06] - Speaker 4
And. And the. Give me. Give me some code word what I should use if I be on your comment on Topstep tv. So give me some code that, you know.

[01:10:37.29] - Speaker 2
Yeah, just if you don't have your.

[01:10:41.20] - Speaker 4
Name, and then that's a direct message, as on. Otherwise, they. They're using. You get many patterns on your name.

[01:10:49.01] - Speaker 2
Yeah, that's true. That's true. Yeah. Yeah. Maybe come up with the code words.

[01:10:58.21] - Speaker 4
All right. Thank you so much, everybody.

[01:11:02.13] - Speaker 1
Thank you, guys.

[01:11:04.28] - Speaker 3
Thanks so much. See you guys later.

[01:11:07.05] - Speaker 1
See you guys. Bye. Bye.

[01:11:09.22] - Speaker 4
Bye. Bye.