How to plan your Roadmap using Blind Spots Levels

[00:00:02.14] - Speaker 1
All right. So you are okay that I will be record this?

[00:00:05.07] - Speaker 2
No problem at all.

[00:00:06.14] - Speaker 1
Okay, cool. So yeah, please ask your questions again. So number one question and then we we go ahead.

[00:00:14.00] - Speaker 2
Well, the number number one question I like to ask is the following. We've got these famous blind spots or blind spots level. And I think that my first request is how we better draw these zones. Which way we should connect the various level one to each other. That's my first question. While the second question is once we've drawn a piece of paper on a chart on tradingview chart the famous blind spot areas or zones. How do you advise us to better utilize these areas, these zones? These are my two fundamental questions.

[00:01:01.05] - Speaker 1
Okay, cool. Great question. So first things first. So when we came to the blind spots, I think the best way is to look to the left side so always to the history. For example, I'm on the 15 minute time frame. I'm scroll out very hard so that you can see a good overview on the 15 minute time frame. And then we can see where the blind spot are matching. So we can see the blind spots. Now here they're matching a great area. It looks like it's a great support and resistance area. So what I'm doing basically is I map this out and then I'm looking into the next next one. So is there a great match? I would say yes. So we can say we want only map out this and map out this or we can say no, this area should be more important. I want to see that. I will see the full area from here.

[00:02:03.09] - Speaker 2
Okay.

[00:02:04.12] - Speaker 1
And then we can see here we have nothing. So there's our area where we have nothing at the moment. So this would be mean for the market. We have new highs. You can map this out and can say okay, if we come in this area I know something this, this could be an potential range. And then when we be done we can go easily back to the five minute and then we see something really crazy. So we see this is a nice support and resistance area. This is also nice support and resistance area. What we want is we want short maybe the range from here to here or we going long the range from here to here or we're looking for a breakout. So we have different scenarios depend on your trading strategy. If you be in scalper you can trade from level to level. If you be more on intraday Swing Trader you can trade the range maybe from from the top to the bottom or the bottom to the top or much better trade the breakouts. This is what what what I Can can say to this in an easy, easy way.

[00:03:17.00] - Speaker 2
Okay so if we, if we look at this chart. Okay, if we look at this chart and you said in one of your videos that you are traditionally historically a kind of short trader on an intraday base. Right. So which are, which should be in your opinion the critical points to watch to be prepared for potential short.

[00:03:44.16] - Speaker 1
Okay, so that's a good question. So for this, for this reason I would add my NQ levels also. So I'm hiding now my other levels. Let me make this a little bit bigger. Here we go. That we can see more targets. So yeah, what what we have. So now, now we must ask ourselves so for. For good shot what we have. The first question is about timing. Is this now a good timing to short the market or for me personally we have today and half day in the US Stock market because of the holiday we have tomorrow the fourth jewel. It's Independence Day market is completely closed in the US Market. I don't know if the volatility will show up or not. But we have also FOMC papers were coming out today. So timing could be really critical today. But if you want short and regular we have now here the call resistance. We have here high volume zero dte. So this could be an. An interesting area because if we looking back what we can see we came down here, we came down here and we came down here. So especially what I'm looking for always is I'm looking always back in the history.

[00:05:17.24] - Speaker 1
So looking to the left side. When we're looking to the left side we have a reaction here, we have a reaction here, we have a reaction here. But but at the moment I would say we must a little bit more careful because timing is not on our side because of the half market from from the day tomorrow is closed and the market came up really strong yesterday. So I have no idea if the short is now a good, good, good idea. But if I would, if I would short this would be my area maybe.

[00:05:53.15] - Speaker 2
Okay, let's forget today and let's say have a kind of general approach. I like to understand if trying to be a short kind of deal. Would you recommend to take the upper the top of the of the light blue areas and this could be my entry point to play inside the area. Is that correct?

[00:06:33.01] - Speaker 1
Yeah, that's correct. But to go into the market or not go to market. I say always have a second confirmation. A second confirmation could be possible. Looking to the wigs if the wixes if the strong and goes in the other direction maybe it Shows us more like hey, it's more like an and long play. And. And the market is not going short anymore. So then I will wait until we come back. So then what will be the next opportunity for a short? It could be the one day max. So maybe wait until we hit the one day max. So based on the volatility, one day max and one day minimum. Okay, so and we will not. So I personally will not short the market when we have not a confirmation. So this is now we was testing this area as you can see in the morning one time, two times, three times, four times we was break out a little bit. But it looks like in the. In the morning session, European morning session, we have not enough power to break out truth one day max. So this is a good sign for us when the market is open maybe in 90 minutes to see what's going on.

[00:07:55.01] - Speaker 1
If the market have enough power to go again to the upside. And what. What we should also watch is the Magnificent Seven. So what's going on? If Tesla is going strong again, if Nvidia is strong again, we can look to the extended hours and get some preview to see what's going on at the moment. So extended hours. So Tesla is up 1.9%. So nothing big at the moment only Tesla is to going going crazy again a little bit. But this is. This is nothing. What surprised me after the news. So wait and see how the reaction is going. So I would say always what has happened. So have a clear, clear overview what has happened. So what has happened? As I said so three times we fall down from this areas one time before, second time here and this could be the third time. Why could this be the third time? Because at the moment we struggling and we are also on the call resistance. I like it. And also we have high volatility zero dte. Based on zero dte. What does high volatility mean? It's the shift in the gamma from positive. So negative.

[00:09:13.10] - Speaker 1
So this could be a nice trigger where we can stop possible of course high high volatility and put support 0dt. This could be our target for the short. But just wait until we get a nice confirmation through the WIX when the market is open. See what the Magnificent Seven is doing. Not not only on price action or something like this. Based on the nq. I will wait. I will say patience, wait for second confirmation and then think about a strategy. But if this doesn't work, what what could be the only one? So the only one would could. We have no idea what's happened here, but we have, we have the number one day max here. So yeah, maybe the market is crazy today as usual. So they give us short slap in the face and we go through directly truth to one day max. It will be not a surprise. So for this reason always be an open mind. Have an idea where you can can place trades where you're looking for. And if this is not showing up, all right. You have not to take it. So don't take it. When you don't, don't see it.

[00:10:27.08] - Speaker 1
Okay. If you see the opportunity for the short then this would be a nice area. But I don't want to take the short because I. I won't short the market. I. I want.

[00:10:36.16] - Speaker 2
Yeah.

[00:10:36.24] - Speaker 1
Short only when it makes sense.

[00:10:39.16] - Speaker 2
Let the market come to us.

[00:10:41.08] - Speaker 1
Right? Exactly. Exactly.

[00:10:43.20] - Speaker 2
Now that's interesting because appreciate that every day is a new story and I understand that. I accept that and I love that. What is interesting for me today, one of my takes of today is that we should check or we should try to get a second or a third confirmation. And you just said that one of the most critical confirmation is coming from the vix.

[00:11:12.14] - Speaker 1
Yeah.

[00:11:13.01] - Speaker 2
And the other one is coming from that. From the magnificent.

[00:11:17.17] - Speaker 1
Yeah. Well, looking to the options options data if something is changed intraday and what I'm seeing and I was not looking to this but now I'm again back on the 15 minute. What I would always mapped out is the last high. So, so you can see this here. So this is also a critical area. Maybe the short could be a nice opportunity here. So because this is the last high from, from the 20th of June, maybe we will test it and then the market can come down. But it's only a maybe. Yeah. So it's got completely different approach when we are in the market and the market is open. So the U.S. stock.

[00:12:01.09] - Speaker 2
Okay. Another question, Patrick, if I may. Are you inclined to use fib as well? Fibonacci?

[00:12:13.01] - Speaker 1
Yeah, sometimes I'm using the Fibonacci when I want. When I want trade. So sometimes you're looking to your charts and you're not patient enough and you won't take a trade. So basically we are in. In a stupid area we in the range. What I'm doing is I draw my Fibonacci to find some good entry points or when we have a crazy big candle on the 15 minute time frame so that I. I map out the candle to see. Okay. When it. When it could be a nice re. Entry point for me. This is why I'm. I'm using the Fibonacci but. But what I'm really more like is trade only support and resistance trade the areas have your second or third confirmations on your side and that's it. So make it simple as possible.

[00:13:06.07] - Speaker 2
Okay, well I understand that you're absolutely right. Last question is the following. The volumes, the volumes by strike and not the volumes by hour, by minutes. Can you say that this level, the Jax 3, the 1D max, the HVL whatever are a kind of replacement of the volumes by strike or would you recommend to use also that kind of indicator?

[00:13:39.24] - Speaker 1
Okay, so first things first. I'm not an options trader. I'm learning options at the moment to become better in trading options to understand the concept more I'm purely a futures trader. For me it's only interesting to understand the basics from the options market to see okay, when we have a call resistance when we have high volume 0tde what is this meaning but how they react based on the options data and in the options market I cannot say something about this. Okay.

[00:14:12.09] - Speaker 2
Okay.

[00:14:13.18] - Speaker 1
I'll be 100 fear so in this case. So it's like I'm not an options.

[00:14:19.07] - Speaker 2
I understand, I understand. I understand. I think I've finished with my questions. Well, I have to thank you for your timing. Thank you very much, very much appreciated. I follow you every day and it's very, very helpful for me. I think that now at this stage is just practice and practice and practice. Correct?

[00:14:45.05] - Speaker 1
Yes, 100% and. And get a feeling for the market. So. So what I'm doing when I'm starting sometimes I make no morning prep. So I'm outside with my family and have a nice day and all this stuff. So then I come to my desk, I'm sit there five minutes draw my. My blind spots draw my. My Q levels for mentor queue and, and show what's going on. Five minutes. I wait five minutes, 10 minutes and then I make a decision. Make, make the volatility make it sense for me or in which area we are and that's it. And if we're not in any area what I really like I will not come and trade and also set your all ups. So when you have a nice opportunity like what I was showing you maybe the one day max, maybe the purple line from the last high. So this is something when you want shorter market maybe you show up on this areas and watch not taking the trade directly most of the time people shorting when the market goes up. That's a big mistake. We have to wait until the market comes down and then we can short the down move and not short the up move.

[00:15:58.02] - Speaker 1
This is. This is the biggest mistake. Yeah.

[00:16:00.24] - Speaker 2
Be patient, you said. Right.

[00:16:03.11] - Speaker 1
Be patience. All always be patience.

[00:16:05.13] - Speaker 2
Okay, Patrick, thanks a lot.

[00:16:08.00] - Speaker 1
Thanks a lot. Thank you.

[00:16:09.23] - Speaker 2
Hope to see you soon. And, well, all the best.