Market Prep – Day After Election – Live

[00:00:03.13] - Speaker 1
Good morning. Good morning everyone. Morning Patrick.

[00:00:08.29] - Speaker 2
Yeah, I'm, I'm in Europe but for me it's, it's really good morning because it was a long overnight session, midnight session for me. Good morning everyone. And I would say we have a winner. Fabio, if you're looking to our watch list we have Tesla was up 12%. I think congratulations to every Tesla investors. And yeah, so I've, it's, it's not, it's not so long, long time. I never see this. That gold is down and Tesla up 12%. So we have not to speak about everything. It give us a good sign.

[00:00:49.16] - Speaker 1
Yeah. So last night obviously we were live trading for about three hours. Thank you guys. For those who were with us the whole day, the whole time, the. And yeah, it was a very, very interesting session. Today we're going to do a morning recap of what happened, look at some levels. But before we do that, as always, risk disclaimer first. All right, so I think Patrick, last night obviously when we were connected before 1am the market was kind of choppy and then obviously we saw the strong move as the news came out for the missing states later in the, in the evening. But yes, absolutely congratulations to our Tesla traders. We saw a massive spike overnight and what we want to see is actually look at the data and look at for example how the market was positioned on Tesla ahead of the event. So we talked about it yesterday. We saw these massive 300 core resistance level. We are not far from it. And also if we look at the string models as well, we are now I think breaching kind of the risk trigger right here. So obviously as you can see we, we talked about it yesterday, we talked about in the session also the day before and here is how you can use the levels to kind of understand where the option market is positioning and now you know, over five days or 20 days how the levels can look like for swing trading and for more longer term kind of like trading and then.

[00:02:45.12] - Speaker 1
Yeah, I don't know if Patrick, if you want to like maybe we can share your screen and then go through like what we were talking about last night.

[00:02:53.19] - Speaker 2
I think let's speak first about Russell. Have you the levels from, from the Russell already there. So from the morning on your shot, do you change something? No, look at this. So here. But, but it's, but it's okay. So in the live trading session we were speaking about the Russell. So the Russell was up I think 2.3, 3 9% or 2.4% and the Russell building really strong momentum and and he was, he was the one who was leading. And it was really crazy to see every time when Russell getting momentum, he was seeing also momentum on the ES, on nq. So this is sometimes if you're speaking with big traders, they talking always about the Russell. So the Russell is the heartbeat of the economic from, from the US and, and they say, hey, look to the Russell and then you, then you get the feeling what the market is doing. And it was, it was exactly like this. He was watching the Russell, the Russell is now up, let's say how much is the wrestler at the moment? 6%. Something like this. Yeah, 6.5, 6.5%. So we have not to speak about 6.5% Russell up.

[00:04:09.25] - Speaker 2
That's amazing. And Fabio is mapping out this. So this was in the session when it was using the data from yesterday. It was the one day max and became boom. Became extra extremely down. And then we were sticking in the range, he was building the flag and boom, he was, he was getting to the upside. When we came to the election was the winner. We came near, near to this and, and the Russell was, was fly.

[00:04:36.21] - Speaker 1
Yeah, I think we missed, we missed the move by 15 minutes, Patrick, because we. This move started at like 1 1am So I think we finished the session around 12 45. But we were talking about. So this was the one day max of the IWM converted. We saw rejection there and obviously we. A lot of choppiness all the way through 11:30, 12:00'.

[00:04:58.22] - Speaker 2
Clock.

[00:04:58.28] - Speaker 1
And then obviously we saw this really strong move after the event.

[00:05:04.01] - Speaker 2
Yeah, and, and maybe one gold nugget for you today. So how you can prepare for today when you're using the mental Q levels. We were speaking, me and Fabio very often about one day max and about 1m. And at the moment you see for example that we of course we are above 1mx. So there's no surprise on the Russell. But when we most of the time really strong above one day max with strong momentum, then we see very often the call resistance ahead above. And this is the most of the time, the target, the next target and. And the Russell. It was like this. And I will share with you in few seconds my stream, my. My NQ levels, what I was using in the live stream and there's also the call resistance. It could be happened that we're targeting this but of course we cannot predict the market. If I could be. Look in the future it will be amazing. But this is something what we were seeing very, very often and Nicola, good morning my friend. I love You. But yeah, call resistance is always a good point where we should. Where we can target.

[00:06:20.29] - Speaker 2
Yeah.

[00:06:21.09] - Speaker 1
And I think if we go back to the nq, Patrick, like we were live during kind of this movement right here. I think yes. This was when we were kind of like trading last night over this period. And then obviously we saw a strong bounce of the core resistance and then all the way up.

[00:06:47.24] - Speaker 2
Yeah. And now the good thing is coming and people always asking us hey Patrick, what should we do with the levels when they are the levels not. Not ready because there was not updated. And I will trade the Asia session and. And we getting the challenge in the election day to trade with. Not with the and Q levels because I was not updating. But this is completely normal. It's. There was no issue, everything was fine. But here was the solution and. And I was using this. Maybe Fabio, you can share now my screen that I can tell this to people. Let me know when you're ready.

[00:07:31.07] - Speaker 1
Yeah, very.

[00:07:32.27] - Speaker 2
Okay, perfect. So we were starting here Wednesday midnight, Europe, European time. So this was when the market was open. And what I was doing to prepare myself for this session and for the live trading was really simple and easy that this is something what. What everyone can doing. So I was looking first in the bot, what levels are available. And available was in the indc startup from the NDX and from the SPX. And I was using this, I was doing the alteration auto ratio calculation. I was checking this, but then I was checking also the manual ratio and I find more value at the moment. And the manual ratio. I was calculating the manual ratio from NDX to NQZ in real time. On the time when I was doing this there was 100574 also from the SPX to NQZ and this time in real time was 3.51803 and you can see here how how nice it was working out. So let's take out the drawing so that we have a really focus on the levels. So we was. We were starting here in the range, as you can see it was the range from the high volt zero dt SPX and the call resistance.

[00:08:51.27] - Speaker 2
So there was a nice range and we was bouncing there. And I was speaking about this in the live trading session. Then we was breaking truth this and we came straight to the range from the call resistance and the X and the call resistance from the spx. And here was where our live trading session was starting. And my trading idea Fabio was all the time I won't see the breakout. I want to see that we break out the call resistance Here I was trying this I think two times, three times taking the losses. It was not working. But then something was happened and, and we fall down. I taking here a bigger trade and I was coming back in profit. So what I was teaching the people in the live trading session was it's really important in this session where we have volatility where it's highly new sensitive. If you be in a losing position, take your losses, small losses and not holding to the losers long long time. And this was, was one of the key and also the patience and to now when you can be a bigger one. And here we was here we were starting to getting bigger and at the end we came out with I think 5,5k profits.

[00:09:59.17] - Speaker 2
So it was a good one. And as you can see so the trading idea was completely valid. We break out, we were starting here to break out and we was breaking the call resistance Udte and the one day max I was telling the people look always what the levels are tolding you. I was telling them hey is I see the same picture what I was seeing here when we, when we was hanging around between call resistance and high walls Udte SPX from you maybe you can confirm this. I was saying look at this. We was hanging, hanging around in this area and then we was breaking out and this was exactly my idea. We was hanging around here and then okay, we flashed on a little bit but at the end, boom. We was breaking to the upside and the trade idea was, was valid I think and to, to speak about what we can target. So we are now above one day max. As I tell you targets can be possible always the call resistance. So we have a call resistance here. Normally if you see only the call resistance here you can say ah, I don't know if the 2011 hundred is a good level but bring the blind spots for mentor Q in the game.

[00:11:13.24] - Speaker 2
And here we go. We have here also a blind spot nine and we have to call resistance. So we have here big, a big target area. We have here a liquid area where we based on the trading roadmap we're targeting. So this would be a target area if we're getting the momentum, if the market is open, we're getting the momentum to the upside. This could be possible. The target area. It must not be, it could be possible. But for the good thing is for the upside we have now a target for the downside. If the market comes down we have history. We see where, where the market can stop, how the market was reacting before. But here at the top we have also now our levels and maybe let's go to the bigger time frame and taking out the levels and see if this area would be make possible sense if you're going to the bigger time frame. And here we go. So look, look at this. What we targeting. It's targeting now here basically I would say and bigger gap for. So we came down and are we coming back? Boom. This is our target.

[00:12:26.21] - Speaker 2
So this is what the call resistance and the blind spot was telling us. And this is so powerful to have the mental Q levels on your chart, to know the target areas, to know the liquid areas and connect the dots. And we have the live session. We will start around 9 o' clock when the market is open. I will, I will take some, some few trades and, and we will speaking about more about this in detail. Fabio, I think.

[00:12:54.21] - Speaker 1
Yeah, absolutely. So today obviously last night we, we had the live session from 10am 10pm Sorry. So today we're just doing a prep and then in about 15 minutes we're going live for about three hours and then tomorrow we'll do another recap. So the next three hours we spend them really again going through the the session, going through live trading and then obviously answering any question that you might have through the Q A in order for you to guys to join. If you want to join the session, I just posted the link here. You need to have access to our premium academy that is available on our yearly plan. And then obviously when you go here, the coupon code US 2024, I'll just pull it up here and then you guys will be able to join and stream. And then if we go back to the schedule, we're also going to be live tomorrow for a trading recap and then we're also going to be live for fomc. So really long week, big week, lots of events and yeah, thank you.

[00:14:06.11] - Speaker 2
But Fabio, let me say something to the people when we are now live here you see the word live trading. Yes, of course it's a live trading session. But all the people who was in the trading session around 10pm Eastern where we have the election, it was maybe a live trading session for one hour in totally the other two hours we were speaking about the election and we having a group mentorship. So we were speaking about risk management, we were speaking about position sizing, we were speaking about the mindset, we was going through, every question, what the people having. And I think this was a really intensive group mentorship and I can say why this was a really intensive group mentorship. First we getting amazing feedback from the people who were there. Everyone was telling us they was learning so big things and I'm a little bit sick. So this means I was spending my full power in this session. And every time when I have this feeling, you work really hard and you feel good and you have to recharge yourself, then you know you was giving. You was over delivering really good stuff.

[00:15:14.28] - Speaker 2
And we have the next session, live trading, three hours. And. And if you want and group mentorship with me and Fabio, this is your time where you can come in the call. We can speak about your trading setups. You can speak about position size, you can speak about everything what you want. This is now your time. If we be on the trading, we'll be in the trading. If you're not in the trade, we will, we will helping you as a group mentorship.

[00:15:38.29] - Speaker 1
So thank you, Michelle. Really great feedback. Thank you so much for being here tonight as well today as well. I think it was 4am for you yesterday. I think you were in Madrid if I'm. If I remember correctly.

[00:15:59.19] - Speaker 2
All right, champs, I think we have now now 10 minutes before we close the call. So if you be in the airport, you know it's the last call before we boarding before we boarding in the live training session. Let us know if you have any questions, if you want to show you something. Yeah, Sherry, man, I was calling you out Sherry at the end of the call if you be there because I know you're also European person. You was there when we starting with the live trading. Amazing. But I'm happy to see you again. So I was only sleeping four hours by the way because I was looking at the end of the election. Google wins. I was watching the winner speech. Everything like this. Really crazy. It was also for me a nice, a nice day. But let us know your question and. And we will handle this the next 10 minutes for now. So the last call, the boarding will started for the live trading session. Session.

[00:17:00.26] - Speaker 1
Yeah.

[00:17:05.17] - Speaker 2
Gsd. Hey guys. Do you expect the spread to be high today? I can speak only what I was was seeing in the, in the session when we getting the. The move. So there was a, there was a spread. There was a really big spread on my broker. But it could be possible that we see some spreads but the market is open, the liquidity is there. So most of the time you see big spreads when there's no liquidity or when the market maker want that you don't taking a trade. So it's most of the time always the same. Ahmed Rana. It will be live on YouTube or Zoom.

[00:17:53.10] - Speaker 1
No, now this would be live on our premium academy, so you would need to obviously get access to it and then it will be streamed within the academy. So if you click on the academy right here, this will be live right here. So if you have access to the academy, then you can actually take part of the event, stream it through the platform right here. Then obviously we'll be live for three hours.

[00:18:22.13] - Speaker 2
Yes. Kb, have you been trading election session options or futures? Only futures. No options. Michelle. Patrick, can we focus in this session on how we can use second confirmation on trade entry to get our stops much tighter as my stops are too big. Michelle, we were speaking in an election trade in overnight about second confirmation. So the second confirmation was about SPX and the ndx. So from the levels. So when we were seeing that the SPX levels breaking on the ES chart and we're getting the crazy move. So this was for me the second confirmation where I'm taking the short. But there was also our member. I was seeing them here in the shot. Again. Thank you. That you was pushing me into the trade. You were saying, Patrick, why you don't take a trade. We was having a discussion about because why I don't like it and, and when I have to take a trade when I what what I would see and probably I know it was a good teamwork and yes, Michelle, maybe we can speak about this for the live trading session. I'm not using my, my full, my full trading desk because I have to prepare that.

[00:19:46.10] - Speaker 2
That you can see when I'm going into the market that you see everything. But yeah, we will speak about this. So if you're not in the trade and you're on a trade, feel free to. To answer any question because most of the time you're getting answers from me. It's based on price action. If you be in the call, you can ask me any question and we have the price action and I can tell you what I would be do but never be financial advice. But I'm. I'm really happy to help you in this session as a mentor. Also Fabios there he can going into the levels. He can going into the models, what the models are telling us and, and we will work on this. Then we can improve.

[00:20:26.24] - Speaker 1
This was your chart from yesterday. Right. So from where we were connected, this is all.

[00:20:30.29] - Speaker 2
Yeah, yeah, yeah. That was the trade from. From the election. So you can see my trading idea. So this was the core resistance I was taking. I was thinking about we breaking out. I was taking it 1 2, 3 times. It was not breaking out, it was not ready. Then we're getting the Flash down. I was taking the Flash down with a, with a little bit bigger position size was making my profits there. And then at the end, as Fabi was saying. So we was. My trading idea was, was right. So we're breaking this area. I was talking about anytime about this. So I'm looking into that. We break this area. But we were speaking about something in, in our, in our academy. Maybe you can show the academy, Fabio. And then we were speaking about something in the academy. We have an online course in the academy for you. It was recording and the course is calling timing, location and setup. So and here we go. If you're asking us the three questions. Was this the right timing? Now I can say after, after my, my losses and that I was taking the breakouts not.

[00:21:46.05] - Speaker 2
This was not the right timing. Was this the right location? Absolutely. Was this the right setup? Yes, but timing was not there. But happy enough, we're getting the, the little Flash down. I was able to taking my profits and the day was good. And I was, I was telling you in the live trading champs, you have to learn to think like an, an institutional traders. Having small losses. Don't looking into your win rate. The win rate is not, not that not much. Having small losses. Small losses. Small losses. But if you're getting the opportunity to making bigger profits, if you're getting the unstrong move, take it and you will wipe out every losses what you have. And at the end you will be there with good profits. And this was one of of my key mindset in this, in this area and it was working. Yeah. But we will speak about this in the other trading session here we go deeper about this. So we hang around. We have one live trading session. We have fomc. We have the trading recap with everyone. So I think you're not missing so much. You'll be happy now to.

[00:22:54.09] - Speaker 2
To join us.

[00:22:55.20] - Speaker 1
Yeah. And I think yeah, just to answer, to join. Everything will be streamed within the Academy. So right here, just follow the different session. You're gonna click right here and you'll be able to stream this. We're gonna be live in about five minutes. To get access, you need to be a yearly member. So like the Academy is available for yearly member members. And if you click and use this coupon code, you get also 25% discount for this event. So US 2024.

[00:23:35.08] - Speaker 2
Can you use Sherry's comment? I like Sherry's comment. Cherry, I like your comment. I'm 100 angry with this. I like to refer to losses as expenses. Perfect. So but what I want on telling you with this is you should not have be fear to take your losses. So losses is part of the trading business. You have to take losses to be successful. But you have to manage your losses very well so that you at the end can taking the big trades. We're pushing you forward and you can trading for tomorrow and you build a strong momentum. And Chevy, I don't know if he was there or if he was sleeping in this time. I was also speaking about the momentum, how powerful and how important this is to build momentum for your trading. So no matter if you be taking a little bit profit or you're taking big profit, the momentum is key. So build momentum that you came the next day and you'll be also green. Be green, be green, be green. Think about an an NBA team. Think about soccer team. Think about NHL team. The teams were always or most of the time winning the day that the game.

[00:24:58.03] - Speaker 2
They haven't strong mindset. They're feeling like champions and they know that they will win. And this is the mindset where we should become in the market. We know that we can win, but we have to be very careful. We have a strategy. We're trading our A plus setups and this is what at the end what make us successful. And. And we will win the game and we become the champions.

[00:25:21.20] - Speaker 1
All right. I think Patrick, you need a few minutes to get set up, right?

[00:25:26.11] - Speaker 2
Yeah. I must set up my desk. Yes, Correct.

[00:25:29.01] - Speaker 1
All right, cool. Thank you everyone for your time and for those who want to join us. I just posted the link in the comments. We're going to be live in about five minutes and then we're going to be live for about three hours. So I hope to see you there and thank you for your time and yeah, thank you guys.

[00:25:47.28] - Speaker 2
I think let us start 9, 15, 50 minutes before I will set up and also I will take five minutes fresh air before we start. So it's really important.

[00:25:58.17] - Speaker 1
Okay.

[00:25:59.00] - Speaker 2
And everyone, everyone who will joining the live call. Get out, get out. Go on the on the nature taking a walk. Five minutes that we have a fresh mind that we came with a reset mindset. And then we will take it and I will do this also. I will go out now. Five minutes. It's only five minutes. Only a little tiny work. Okay, let's go.

[00:26:21.17] - Speaker 1
All right. Thank you. See you soon.