Trading LIVE with TWO World Class Order Flow Scalpers (FT Fabio Valentini & Carmine Rosato) transcript

Now, this kind of setup, I'm making $2,000 in 600. So, I will trail my stop loss because this one can get to a 34,000 position. No, those are my best setups, especially for continuation. Like you said, I don't know if today's really a continuation type of session. But engaging in this cage, it's really a suicide for a scalper. Are we going to Today? I don't know. Let's see. We have two worldclass scalpers, Fabio Valentini and Carmine Rosato.

For the first time ever, we have two hyperp profofitable traders who both trade order flow trading live the New York session. Putting my risk at zero with this absorption of the top was really smart because I would have give $1,000 to the market without a reason. I won't take anything under 2:1, but majority of my trades are 4 1, 3 1/2 to 1. It really depends on my entry and my target. I think it's smart what you are doing.

You are waiting for the cage to be clean. So, you have really clean price action. I rarely move my targets because in this special episode on chart fanatics, you will see their step-by-step process and inside the mind in real time their decision-m when it's time to step in and execute. I like trading where there's not a lot of liquidity because that is where in my opinion a lot of the edge comes from. I agree. So this goes to show you two different positions.

We have the same analysis of this moving up. you taking it because of the volatility on the NASDAQ and you not putting any influence on the previous structure that I have because NASDAQ is usually a driver because it's less liquid but how to manage a trade when to take a step back and understanding most of all market conditions all this and more only for the first time on chart fanatics the volume is really low for the session so I'm lowering the sensibility of the big trades to 40 that's interesting you do that I I never do this in New York session but Hey guys, it's February 13th.

I'm with Fabio here in Dubai and we're going to be trading the New York Stock Open live here, the 9:30 open. Uh hopefully we can see some good setups. Yesterday, Thursday, February 12th, was a crazy session in both the NASDAQ and the S&P. Uh so it's going to be interesting to see the opportunities that come today. There's some levels that formed from the previous day session that I know both Fabio and I are watching.

So it's going to be interesting to watch how the market reacts. you'll hear be able to hear our insight about what we're observing and and looking for in the order flow. Uh and it should be very insightful both psychologically and both technically going over the order flow because I know me and Fabio trade the same way. Uh he mainly trades the NASDAQ and I mainly trade the S&P. But it's interesting to see the similarities uh between both of our trading strategies.

So it'll be a pretty insightful session. I'm looking forward to it. Yes, guys. So yesterday was an incredible short session. Usually when we are on Friday and we have an explosing session, I expect choppy, right? But we need to do this together. We trade this choppy session live and uh let's see how it goes. And um I I checked the the method of Carmine because I follow him on and I saw that we have almost the same trigger.

So probably we will take really similar setups. I trade on the bad sister of Yes. NASDAQ and uh let's see how it goes. For sure. Yeah. So usually after an extended day like yesterday, do you usually look for continuation of that day? Yes, I usually make the most amount of return when I have an explosive day. So I don't like balance phase. Okay. Uh I don't like going in reverting. I go trend following and um from a statistical perspective when you have two directional days like this week then the market wants to breathe and rebalance.

So today I expect a balance session but uh let's see. I think that's important to note too because Monday the market is closed or is a half day I believe um holiday. It's a President's Day. So, uh and now we have Friday after a big move and CPI data just came out about 45 minutes ago. So, yeah, market really is not doing much at this moment. We're coming into our levels though. I know we're spotting some things brewing on the order flow a little bit.

Uh it's it's building the the preession battle. In nine minutes we open and already I can see a huge amount of volume. A lot of sellers aggressive on this horizontal level the 24,740 and buyers trying to hold the level. Usually when you have this fight the first level that break out you have an explosion. And this is some setups that I like to do during the opening. And uh I mark the green level because this is where I expect to to be a potential uh good level to start again long.

The point is that I will not load contract because during the opening you usually can get some heavy slippage. So it's it's not smart to trade. I will just observe the price and I want to check how they behave in the next 9 minutes because if the sellers gets absorbed here on this horizontal level and we go up I have a setup but I will wait usually I wait 15 minutes after the opening to not get the explosion of volatility.

You let it digest. It's always crazy in the first few minutes. Yeah. You you trade the opening. Very rarely will I trade the open. Very very rarely. I like letting it digest. You know, I we trade you have your levels of interest and you observe price action around your levels of interest. And usually when the market's opening right at my level of interest, I kind of want to see how it reacts to that level of interest first and how price action is responding to it instead of just blindly getting in because it's at my level and it's at the open.

We were charting before and we expected a reaction up from the the bottom. So after the the CPI news, we expected an explosion up and um I never trade before the opening but actually that demand that also karmine marked was the the best of the day. So if we can get back to rebalance there, I think also from a balance profile perspective, it's interesting. Well, the market moves from balance to imbalance, balance to imbalance.

So it's it's interesting to see it revisit. So, I have 6830 on the S&P as an area of low volume from February 6th. Um, for me, just zooming into yesterday's price action, and I know you're probably going to disagree with this, this area, this consolidation range, for me, I consider that balance, and I have a hard time finding continuation inside of a balanced range once the market revisits that range. Uh, now there's hopefully going to be opportunities that come out of that, but for me, I really don't want to get caught really trading inside of this tight consolidation range because even looking at the volume profile here on uh on bookmap from yesterday's drop and the market began to consolidate, you see all this volume built here from 68.95 to like 6880 on the profile on the profile right here.

Yeah. So that's the level that I had marked. There's so much volume there. So there's a lot of acceptance of that. There's a lot of volume being built. There's a lot of traders who are long there, short there, underwater in profit right now. So, if the market revisits that, it's kind of like a sit on my hands type of area. I would love for it to get above it and find acceptance and then I may look for that continuation setup that you were looking for.

Yeah. Um because there's unfilled levels 6917 on ES and 6914 they're what I call zero prints where there's zero volume on one side of the market. No. Uh, and in this case, the market aggressively sold off and trades were aggressively hitting the bid. And at these prices, no trades hit the offer. And the market likes to revisit them. I don't know when it's going to revisit them. Um, but they're usually very strong magnetic forces.

The market likes to to revisit at some point. Um, and yesterday, so unfortunately, I did not trade yesterday here in Dubai. Uh, it's going to be actually my first session this week. Mhm. But yesterday's large sell-off filled the term zero prints that formed on the previous Friday that I tried shorting into. So yesterday's setup would have been ideal for a day like today because I know the levels that form as soon as they form I mark them because the chances of them being revisited are very very high.

Some days in the same session, some days it takes a week or maybe even a month, but they're just important to mark. The real inefficiency, very inefficient because it didn't give a fair chance of one side of the market to trade at. So the market likes to be very efficient. And you notice that when it reached this level, it just get aggressive on the level, break and continue or it's reversal play. I mainly use it as a target.

So if the market, let's just say gets back above this balanced range, this consolidation range, I would say it's my line of least resistance. Meaning if the market accepts above this 68.95 range, 6880, that my line of least resistance basically terms that if we can get above this area of significantly high volume, there should be very minimal resistance for the market to then go trigger those. I agree. Totally agree with you.

So it's like a line of least resistance meaning if the buying is strong above the 68.95s it should you know everything we could come down and say we want this to happen but that's where we observe the order flow around move up with ease as long as the buying is significant there. So I will absolutely look for a continuation move if we could accept above 68.95. Yeah I I agree with you. We have a huge inefficiency of the top also the the profile it's empty and uh there is a lot of void in the middle.

Right. And today the news of the CPI pushed the price above on our accumulation area. It's not so smart to to trade in a range like we are now. And I I don't know if we can consider then Monday is closed. So it's really difficult that they manage to break this level today. If they break we have a beautiful and I think today it's a digestion day for the the short that we had. Yeah. Maybe the people on Wall Street are taking a a long weekend.

Yeah. Also the the four minutes before the opening I'm used to see the price already starting to fight today it's closed in a really range fighting the close yeah it's uh so you're seeing signs of a possible range I see if I need to choose a direction from this current order flow setups I see that the sellers are having less result on this movement the CPI got digested on the upside we have a lot of lever to rebalance so I will choose to revisit the level that you also marked but I'm pretty sure that he will not be able to break it.

So probably it's a reversal play from that level back into balance is not the kind of day that I like but the the the bulls are in control on the on the precession like the f the first the last three minutes and then we see who wins this battle. I I like to create my own version of opening range breakouts. So I just create the battle based on big aggression because the first side to win the battle is the one that squeeze that's going to squeeze.

Okay. So it's it's a good momentum play with a good risk reward but as of now I cannot decide what they want to do because they are really close tight inside this range and from the CPI explosion that we had we have a lot of level that from profile perspective they still didn't revisit. I use a lot the fixed range fixed range to see how they are fighting and they see this aggressive buyers here that didn't got revisit and we have a huge delta here profile.

Yeah. So probably they have unfilled level on this side because there was a big bullish and the movement was explosive explosive. So it's possible that the buyers will get back aggressive when we get to this level here. As you can see we have a huge sell delta huge buy delta. It's just it's a mess. It's a mess. Like it's really difficult to have an edge here. this area still didn't got broken. They just try to fake the low and they really like to see the aggression of the participants in the week, right?

Because like 700 contracts on NASDAQ, it's a lot. It's really a lot of and seeing that they started this movement here, we have a total of 1,250 contracts, some notional value of hundreds and hundreds of millions without results. This one is typically an accumulation, right? Yeah. So, I have my conservative level, I have my aggressive level, and I expect a squeeze on the upside during the opening. Let's see how it goes.

Let's see how one minute. It's a big battleground right now. Yeah. So, it's important to have similar to how I look at the market levels and then observe the price action around the levels. You put any influence on levels that formed maybe a week ago, two two weeks ago if you visited. uh I was doing this before but from a data perspective uh the most recent order flow interaction holds more value for me. So like if I need to check a VWAP point of 1 month ago or a profile level of 3 weeks ago is not as important as the battle I'm watching now because this is actual order entering the market, right?

Let's see what happens here. Let's see if this bull takes control and they squeeze the hell out of these aggressive sellers on the S&P as well. We have that aggressive seller stepping in. You see the negative delta and the cumive delta also building. Let's see what they do. I like resetting my um depth of market, my volume profile at the market open. Sellers tried on the same horizontal level to take control. They got absorbed again and now I think they will try again to move going to the going to the aggressive delta level of conservative buy.

Now you can see during the opening you have swings so big that it's almost impossible to make a good sniper because if you are buy if you are sell you get taken out from this week. It's also very important to just sit on your hands and just observe and wait for a proper setup and a pattern to appear. It's the most amount of money is made when you just wait. All right. Trading is is is very boring and it's look look look at this rejection on the horizontal level.

On the horizontal level. Yeah. Okay. Now this rejection holds the sellers absorbed on the bottom and the buyers reloaded. So I expect this to be probably the bottom of the movement. The squeeze will happen when we will get aggressive here. Unfortunately, this is as the opening otherwise this will be an amazing risk-to-reward setup. It's not this kind of opening where you have one side controlling. It's more that like let's finish the accumulation directly on the VWAP.

Yes, directly on VWAP. Beautiful. And there's also a massive sell imbalance down here at the low on the ES, the same exact level as the NASDAQ. Well, look, if I need to choose a direction, I choose buyers. I would agree, but that's not a valid reason to to place a decision off of. Yeah. What's the main confluence that you use for execution framing? Like, uh, I'm looking for trap participants. I'm looking for traders who are just going to get, you know, in trouble, I guess, that are showing massive aggression towards one side.

And if the market moves against them, they're going to have to get out of their trade causing a bigger domino effect you as well. Yeah, this is one of the setup I also use initiative candles. So when I have a clean win of the battle that for you it's an aggressive battle breaking one important level for me it's a continuation play because as you were saying the path of least resistance now it's on the other side right so I go to the next level of liquidity my best setups are when the next level of liquidity has a very high probability of triggering and the market breaks let's just say a strong level with aggression and it should move up to the next level with ease those are my best setups especially for continuation but like like you said I don't know if is really a continuation type of session.

Mhm. You you prefer the balance, right? I prefer reversals and I prefer balance. Yeah, makes sense. Trading education is completely broken. For years, the industry has been purged and poisoned by bad actors, fake results, and strategies hidden behind pay walls. But in every industry, every once in a while becomes a catalyst, a moment in time for change. Now imagine a world where elite trading education was entirely free.

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Yeah. It's just nature. NASDAQ is a little bit different. Yeah. So right now on the S&P we see at 6860 we see a wall of 663 sellers sitting in 6860 and the market's trying to rally and we see the buyers really trying to hit it hard and break above this level. So let's watch the reaction. The first battle of the session got win by buyers. So expect that they can challenge this uh liquidity level. Like this is really precise when when you have a profile and you have a level.

Now unfortunately I didn't want to risk slippage but I noticed that if you get the fixed profile and you have a really strong level without a doubt of control of the buyers this level because they also reloaded back down can be a continuation setup. This is what I mean when I say that I prefer directional day because every time I have a news wing I can get a fixed profile and I can load in the direction putting the first position at risk free.

So the first position of the day capitalize the second the second capitalize the third domino effect. Yeah. And when you have a directional day you make you make Yeah. like yesterday. So we're having trouble at the 6860 level. Yeah. They they rejected they rejected pretty well. What's interesting and I think the way that you talk about that is so important is because you're going with the most recent activity in the order flow.

So drawing a fixed volume profile is significant because if the market's moving up and we say that we're seeing strong buyers, the market revisits those buyers like you just had saw. Um those buyers need to defend price. They don't want the market to come against them. So they're going to reload and defend price and absorb like we just saw. It's like also if you think about news, no, uh the most recent release of information, if it's strong information, it's able to to move the market stronger, most aggressive because it's recent.

It's an information that you need to price now. The order flow is the same. Like I will never if I see aggression of the sellers, I will never go long because one month ago there is one level, right? That's what I mean. Like I prefer the the live interaction bottle. They rejected the top at the liquidity level in an amazing way. Yeah, it's pretty interesting to see. See, when I trade, I don't really look at the NASDAQ, but sitting next to you and seeing how you're observing the same thing that I'm seeing on the S&P is pretty strong and powerful.

I noticed that also the NASDAQ, it's being more aggressive a lot of times leads the level. So, if we have a breakout on the NASDAQ, maybe take some minutes before the ES follow up because it's more liquid and being more liquid is more slow. Think about this, right? If you're in the position and you're looking to get into a really large buy position and you're expecting the market to move up, whether it's institutional, whether it's a big bank, whoever, right?

But somebody that's looking to buy a big position, if you move the market up and then the market come back comes back to where you bought price at, you're going to do everything to really support the market and other people are going to notice this and also follow the footsteps of you buying as well, which is where the p the strategy is so powerful. Mhm. You use market maker edging mechanics, correct? Sometime sometimes you see big players stepping in at options level like the pun wall, the coal wall and this used in uh in frame with the profile area because how I started the week is marking the most sensitive level on the volume profile.

I don't know if you use for the long-term logic like I like the blue volume node. I like the I like when you have clean level of not acceptance of price because I noticed that when it revisit the lower volume node you have the most aggressive movement of the of the week. That's how I use long-term analysis. So you'll mark long-term like deltas and and and volume profile structure. Yeah. Yeah. Or we say that it's it's the most choppy opening we had this week.

Here's the thing, right, is that we could come up with all this an for me at least, I could come up with all this analysis, see the buyers get absorbed, see the sellers get absorbed, but for me, if it's not at my level of interest, I have little, you know, it's it's not my objective is to not catch every single move in the market. I don't look at the market moving down or up as me missing it. I just look at it as me not participating in that move because I have no reason to participate in it.

If it's not part of my system and my strategy, I have no business transacting, of course. And I feel like, you know, it's a massive issue with a lot of traders is they plan so much before the market opens. They have an easy click. As soon as the market opens, they see a move up, down, I got to get in it because if I don't get in it, I'm going to miss it. Yeah. Yeah. Yeah. And this is the reason a lot of people have an edge, but they cannot make the edge work because 90% of the trades they take are not following the edge.

Right. That that's the main problem you see in the industry. It's harder to sit on your hands and not trade than it is to click the buy or sell button. The sellers are protecting but also the buyers on this level. I see that they are really trying their best. You you have a liquidity level on uh on on Yes. I have no only the top like the next one is 33 8 33 that you just reached. Yeah. The sellers are really trying here.

Mhm. They are getting aggressive to break it. Another thing that I like looking for is if the market is trying to bounce and buyers are in control and holding the absorption levels, I like to look for bids to step in like really large buyers. This is not a good example of it that continue to support the market because that could be a really large reloading reload reloading. This is one when when you say I trade trap I also like trapped but the most high rate setup is when I see a reload on a sensitive level.

Oh yeah. because you can put the stop loss below high and it's it's really high probability that continues and you go break even in two or three candles. So it's uh that's nice. Which time frame you like to use the 1 minute on candle chart or like a candle candle? I go to 1 minute or 5 minute just I like seeing the different structure in the market. We really do this the same stuff. Yeah. I I constantly go back and forth.

One minute. Yeah. Have you ever tried range charts? So my footprint chart that we have on the screen over there, I use a 20 tick range on the ESIC footprint. Um I like looking at 20 tick footprint and really just absorbing or or looking at the shape of the volume distribution and the volume pattern um on the footprint chart. And if the market's coming down into let's just say a support level or I like looking for large accumulation at the low of that footprint bar to indicate absorption and accumulation.

Of course. And and you like for example to watch also at the total participation, total volume. Oh yeah. Mhm. Think about it. If a lot of volume's coming into the market and there's no movement in the market, that's a sign of absorption and accumulation. This for example, it's a reload setup that I have. when you have a clean absorption at a static level in the direction of the main aggression that we have. This is something that I can take but it's small scalps that don't make sense when you have this volatility because you go to break even too often then and you pay a lot of commission.

So all right what I prefer is to clean this range at least the beginning uh of the session range I prefer to be clean and then take a directional setup. We going back to your demand. Yeah. So for me, right, looking at the volume profile, Mhm. you see how there's just so much volume built here. If we were to add this volume with the volume that we're seeing both in the overnight session and now the intraday session, this just range right here is a little bit of a chop, not a chopfest, but a little bit of too much liquidity for me.

I like trading where there's not a lot of liquidity because that is where in my opinion a lot of the edge comes from. Yeah, I agree. This is like fair value for them. So they transact really efficiently there and you have a choppy face. I'm looking and I'm sure you could agree, you're looking for inefficiencies in the market, not efficiencies. Of course. Yeah. They are challenging the law of the CPI. Yeah. So, let's see the pre-market lows break here.

Personally speaking, I I have no business transacting and and playing a a short position for continuation still above the levels of support because you you you don't play when the move already happened. You don't try to chase the price. I would rather wait for a reload setup like you just said. Of course. So you see here on my screen there's two zero prints. You see at price 6828 there's no volume on the right side where my cursor is at.

There's 75 volume on the bid and zero on the offer. And then below that 6827 and 3/4 there's 18 on the bid and zero on the offer. Yeah. These are what I call zero prints. And the likelihood of the market revisiting them at some point is is pretty high. Mhm. Um, so now I'll just mark these as levels and at some point probably when the pre-market lows break to pick up the liquidity. Um, just be expecting a quick little bounce back up into 6828.

You are considering loading uh on the test on the shorts potentially using this as a level as a magnet for where the market could revisit it possibly and I would use this as a target for a long. But would you not consider maybe to visit after it feels liquidity level or you just uh it's enough for you? For this type of setup specifically, it's mainly just saying that, hey, we have zero prints on the chart and the likelihood of them filling is pretty high.

The market revisiting them is significant. So, right. And then that's it. That's the idea. Mhm. Now, we actually have more 6020 that formed Do you see anything significant? I'm loading now the the cash profile that I like to use to to frame because if I need to short today, I would like to see the high of the cash revisit. So around the 25,041 shorting the price when it didn't revisit even the P it's really chasing like we were saying and also we are still in the demand so chasing the price down in this case it's it's not my AAA setup so I just wait.

Yeah. So the likelihood now of us filling the zero print which are right there we have one at 6820 on ES. Yeah. And then we have another at 6827. um the likelihood of them filling. I mean the the first one just filled. This is an important level to mark and and watch for a potential in this case long for the revisit of it because the chances of the market creating a fair opportunity for the other side to trade at it is very high.

Uh so we did just fill the first one at 6820 and now we're going for the 6827. So this could have been a fantastic long opportunity. Um ah you trade also on the mean reverting side like from the Yeah. Yeah. Okay. So, this is a setup that I would look for a long and both of them filled right there. Boom. Could have been a good trade and it happened in 30 seconds, you know. Mh. So, it's just marking out levels where not one side trades specific volume.

Marking it and then looking for a potential mean reversion or a reversal back into those levels and we just saw that bounce. So, we have a lower wick there. I wonder see if there's anything significant here on the footprint chart as well. If I need to take a reversal play, I like to take from the the rejection of the cash session, the previous cash session close. Yeah. Yeah. Yeah. Yeah. For sure. Look at this. Right at the low of the day on the footprint chart. 335 positive delta at 6810 at the low.

Aggressive buying stepping in and putting the brakes on the move down. Right. This is the same trick like it's the initiative candle when you have delta price coherence with a lot of aggression. I think it's also on balance. Look at that inside the level of interest. Mhm. Futures traders, it's time to hear about Apex Trader Funding, the largest futures firm in the industry. They have completely changed the game with their new evaluation.

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Trade at Apex today. Let's get back to the episode. I have a rule. It's called the CLC rule. The context, the location, and a confirmation. When all three align, context of the market fitting, who's aggressive, who's trapped, location at a good level of interest, and with valid confirmation. when I have my three pillars appear in alignment that's when a good setup that you know needs to have risk put on but that's a nice balance I I wonder on the NASDAQ is there anything significant at the low that maybe so now now they are revisiting the value area low and this is a level because if the value area low gets rejected you have the mean reverting setup and we just rejected from the from from the demand of the CPI so now I'm considering considering that the cash session didn't got accepted in the first minute and usually I watch the first 15 minutes to 30 minutes of rebalance.

I can consider a long setup in this case, but I don't want to buy the top. I want to see a little bit of rebalance on this one. Acceptance. Yeah, I want to see if it mark above the 424700 and I usually use use the deep trades at the bottom of the NASDAQ was amazing. You have a clean aggression and absorption at the bottom and a lot of contract to be NASDAQ. So you always trade on horizontal area but never momentum like you never trade trend following explo.

Look at this movement. Crazy. I got a little FOMO. I can't lie here. That's not easy. Oh, you you entered. No, no, no, no. That's not easy to monetize. It happened in 30 seconds. So I mean, if you look at the low, significant buying volume at the low. Yeah. with the zero prints there, you know, makes it the cherry on the top. It's a V-shaped reversal. It could get pretty aggressive if it continues. They they are getting to the to the liquidity level.

Yeah. 6860. The problem with this is that I don't have any confluence to add because it only made explosion aggression one after the other and my risk-to-reward is not enough because I where I cover below the Vshape. Mhm. So it's uh also I like to use the speed of tape. Oh yeah, you use it. I So I don't look at a formal indicator for the speed of the tape. I mainly watch the depth of market for this one. Okay. It's a massive indication for me like in in the reversal candle you can see the speed of tape building.

You can see how they are getting more and more aggressive and you can see that for the first time now buyers are getting rejected and the sellers are in control. Like the week is giving you a frame to say this candle saw only aggressive buyers and never saw a retracement. Wow. So they they only bought aggressively. They never let the price retrace. This one is a potential continuation and I can consider loading the first setup here.

Just waiting for this candle to close. It didn't it didn't even came to retrace just an explosion like this one I go one to two one two one two one two one two one two one two one two one two one two one two one to three and I take the momentum phase if it comes back in the candle and I see another absorption I will consider loading like if you think about it if you have speed If you have momentum and if you have direction, there is more probability that the the price will push you in profit fast, right?

And it's enough to put the position to break even. So my best trades work out like that. Yeah. The trades that hang out that spend too much time. Yeah. Usually the trades that don't work out too well. If this candle keep holding the level, I will consider loading here on the long side. It's rejecting also when you have full body candle and you have sellers stuck in the middle. Okay. So let's say that this candle close full green and they have sellers absorbed like the buyers are rising in absorption.

I have a momentum setup. This one it's reversal. Mhm. Uh when when sellers come in the middle of the wick. Yeah. And that's a one minute chart. 519 absorption I can consider loading. This is a one minute chart. Yeah, it's a new level of skill trading and explaining what you are doing while watching at the camera. We're Italian. We could do it. All right. Yeah. Olive oil in the veins and it goes. They are failing. I need to need to wait them.

The absorption of the 520 contracts of the top would have been amazing for a continuation setup, but they got they got rewarded. So, they are going to visit low. So, you were looking for the market to bounce to for these buy potential passive buyers to support. So, I saw this revisit. No, they loaded another 59 on NASDAQ. It's a huge amount of volume. If they reject this and the candle close here, okay, I can load one contract here and one contract here with the stop loss below this one and capitalize on the squeeze momentum.

Oh, look at the sellers really stepping in now. Yeah, I want to see the speed of tape here. Now, would you draw a a volume profile for that? That's that's exactly what I was doing next. So, on my screen, I have a CVP column and this shows me the volume profile specifically for the specific move that I'm watching, you know. You see this one why I will not consider it's really empty right this it's pretty the buyers got on the top so they got absorbed and you have aggressive sellers protecting the levels so I don't think we will stop here I think we can have another kind yeah so the continuation setup of the the sellers as of now because this is dynamic no also buyers can get really aggressive in one candle and it print the delta the level where I want to reload.

I would normally look for a low volume node here, but even on the ES there's there's nothing significant on the rally out. It's only buyers. Yeah, it's there is no low volume node. There is only high volume node of buyers. The best setup that I saw was the zero prince filling uh on the deep charts. I mean, that would have been a what's the risk of reward on that? It's crazy. And you have aggressive sellers stop on the bottom.

So it's like this is the trumpet. Yeah, it's it but it happens so fast. It's uh 1 to 2.35 is the reward. But it depends if you enter at the close of the candle or in the middle. So for me, I don't I don't wait for a close of a candle. For me, that tells me not much information. Mhm. You see something? I I was like, you know, when you are live, you want to execute to make people happy. The problem is that I need a level and I need a clean battle between buyers and sellers and I want to be in the direction of the winner.

As of now, I have sell aggression with buy absorption. So, I have mixed information and we are going to revisit the origin of the move. The selling is really trying here. Yeah, they are trying their best. See the speed of tape. The value area low of the cash session got already rejected and it's so for me this is a potential reversal a bounce here. So the market is breaking under this little consolidation range right here.

Mhm. And as we tried to break, I mean looking at the tape right here at 952, we tried so hard. I see I see the same from the look at the bounce, you know, from the aggressive and also the speed of tape. They are loading the speed that buyers used to load. Yeah, this would have been a nice I will consider this one, you know. See, for me that's too late to enter now. That the ent no not now. I mean uh covering myself above the big absorption and loading two levels of entry.

The first one is at the breakout of the range because this one is like if you have a small balancer you know okay and sometimes when you have momentum I get two contracts filled and then I explode and I'm really fast in loading other contract when it goes or if the setup fail it's possible that I see this rejection it brings me back into profit. Okay. So now we we go up again and I have time. For example, this is a failed auction for me.

Okay. So I need to cover my risk as fast as possible, right? So if we go above here and it gives me the opportunity, I will close the position to mitigate the total risk of the setup. It looks good. Yeah, I closed because this rejection for me it's a sign and I stole $400 for the market. If we manage to break this stop and I have a a continuation of the reload, I want to see population of aggression on the way up. That's that's it.

That's it. They they are getting aggressive now. So if this is coherent with the speed of tape, a momentum setup is another one that I can uh load. How do you see it? For me, the entry was in the when the balance range broke this one. Yeah. Yeah. Yeah. You you just enter, for example, the choice that I take of putting my risk at zero with this absorption of the top was really smart because I would have give $1,000 to the market without a reason.

Also I categorize the coherence of the absorption of the speed. So for example, let's say that this candle you see this aggressive buyers no entering really fast. If this candle close with a big wick and buyers at the top absorbed is more strong than a simple absorption. We're going to probably go break the high of day here. And our buyers were absorbed. Aggressive buying stepped in after. How is it looking? Yes. Already on the liquidity level.

Yeah. So similar how you you marked that balance range to me. I consider this market structure demand. This to me is signs of accumulation and absorption here. So your setup will break and test on or or or directly by limit like when you break you are into as soon as it. So here we see the balance right see the market making this balance. If I go here uh tools and if I put a horizontal line here we have the balance range.

The market broke the balance range right there. Yeah. And as it broke in real time it looked like the sellers were really really coming in and aggressive. Look at the delta here. Massive absorption. And then this bar closed near the high on the 20 tick range. And these uh sellers got absorbed and the buyers aggressively stepped in. Watch the next bar. Next bar, aggressive buying. Next bar, aggressive buying. Really aggressive buying.

And this was the setup down here because this offers this the the least amount of risk here. Might be the lowest probability, but the least amount of risk for the highest amount of reward. Yeah, I love it. Unfortunately, you need to be crazy for you got to be like this. Yeah. And bouncing back and forth between applications, you know, sellers took a crazy control back on this. So now we're retesting that balance lower.

That's the point. And now I see buyers absorb like sellers going down in absorption of the buyers. I really like it. Let me see if I can play a little bit with this one. Now my top setup will be the balance got broken on the downside. The speed of tape is there. I have already absorption. If I go up and they see absorption at the buyers on this candle. Yeah, this could be a liquidity trap. Pick up liquidity, bring it down for somebody to buy, especially when the one minute candle looks like that, you know.

Yeah, we're testing the balance low here. Massive volume coming in. You watch also horizontal volume. Oh, yeah. I know. I'll sometimes pull up the cumulative delta. You you use sometimes the relationship between volume and movement of price to to understand how much result they had with a certain effort. Yeah. So massive effort with no result and no reward is a good reversal signal. We do almost the same stuff brother.

Maybe you're my brother from another mother. Yeah, I don't know about who knows. So now we're reclaiming back into the balance. Let's see if this holds. pretty choppy before an opening. Yeah. So, the first 30 minutes for me, first 30 minutes to an hour kind of sets the tone for the day. Yeah, that's what I was expecting. The problem is that they didn't set at a clear tone because buyers absorbed at the top, sellers absorbed at the bottom.

We are still in the same range where we open soon. Also for model like the opening range breakout or the IVB today there was no setup as of now. This is your favorite market scenario. The balance, take the pin pong. If there was a level of interest for me, my low volume node at 6830 because of how deep we moved into it is is is not it's done. Right. The best setup that I saw, which I hesitated to execute on, was when the pre-market lows broke.

Mhm. We had the zero prints that formed and the massive absorption at the low. Massive absorption. That's a it's a A+ perfect setup and really low risk. Very low risk. you take. The only fear I have on this setup is being slipped. If you have a huge aggression, maybe they stole some uh some ticks because you get filled lower than your original stop-loss, right? Well, in the NASDAQ, that's very possible. The ES because it's a little different, you know, for you to we have different risks.

Yeah. This there's more slippage in in the NASDAQ, especially with larger size. Yeah. Yeah. I mean, right now with the volatility on ES, the book thickness is between like 40 50 contracts. So, if you have to market order 20 contracts in, it's not going to make a huge difference, you know. But NASDAQ, I don't know how thick the book is, you know, market ordering 10 contracts, let's just say. Look at this. What's going on?

Let me pull up the speed of tape. I got to use the speed of tape on uh on deep. It's really powerful. Like if you have coherence of speed of the aggression on a sensitive level, it's an amazing trigger. Yeah, it's really an amazing trigger. Buyers looking really aggressively on this one. Was there data or news at 10:00 a.m.? Cuz that happened right at 10:00 a.m. I don't think so. Did you started immediately with order flow or you had the price action moment in your career?

No, with futures of order flow immediately. So I have a little family background on Wall Street and they don't look at candles for short-term trading, you know. They don't look at candles at all. They don't look at algorithm. They love ICT on on Wall Street. That's their best friend. Let's take a break for a minute there, guys, because I want to tell you about our incredible sponsor, Tradezella. Tradzella is the number one trading tool in the entire trading industry.

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They work with data. They cannot have a discretionary view based on let's guess what there is inside the candle. Correct. But everybody needs to have some sort of discretion with a systematic approach, right? I mean you have patterns that you look for. Yeah, it's a systematic approach to it and it's not uh yeah is it's not discretionary at all because the the pattern are back tested over a large amount of but you know also with price action and candle I find some really good for example one is the opening range breakout like the the breakout of the candle of the first 15 minutes of the session it's have a really smooth equity curve but then you need to add on top of it some timing tools I always think about before I take a trade.

If I can't tell myself the trade that I'm taking and I can't give it a label or I can't say, "Okay, this is a a zero print trade or this is a market structure demand trade or a specific playbook," I have no business taking it. Yeah. I I have a rule. If you cannot journal immediately and you need to think why you are taking it later, don't take it because there is no reason. There's no reason. Yeah. Yeah. I'm sure if everybody watching this had Fabio and Carmine next to them and they could tell us why they're taking the trade, it would save a lot of trades that they should not be. they will make one/ird of the execution.

Yeah. But I think this is also because people approach trading as an income method. So they they just need to pay the bills at the end of the month. So they force themselves to find opportunity that ends up in losing money because they are not respecting the model. So they are just gambling. Yeah. Key word gambling. Correct. The volume is really low for the session. So I'm lowering the sensibility of the big trades to 40.

That that's your thing. You do that. I I never do this in New York session if it's not a super choppy day. But as we said in the beginning, two days of directional collapse today, I expect the markets to be choppy. Okay. So if I don't see a clean breakout of the the top or the bottom, I will prefer to stay out. And I have the top of the cash session that is exactly marked with the top that you were waiting the early 60s.

Yeah. And it's uh where I should consider engaging in an opportunity. A fake out or a continuation? A fake out. Fake out. Yeah. See now for me because of there being significant volume directly above the high of day from previous session, I can't consider that move just because of tons of liquidity there. Mhm. I I don't consider the long because as you see the delta it's empty. Yeah. like there is no clean direction.

We have buyers at the top completely absorbed, sellers at the bottom completely absorbed. I have a cage and this is the reason why the the breakout of the first 30 minutes or 15 of the session works because the side that will decide the direction for the day and finally I can load a lot of trend following setup and they have can you ex move this volume profile to the one candle before that drop right there. Right. Yeah.

Now, if you extend that to the right, this does volume build under here. Yeah. So, if that to me, see how volume's building and expanding there. To me, that's a little bit of a red flag to transact around there. I understand. You know, I understand in in this area, anything that I see in this area as it as it is developing now, if I really want to anticipate a breakout, I will do this at the acceptance of the value area of the of a specific move.

Yeah. If I want to anticipate the squeeze like I do the this one, it's at the clean breakout of this level. But engaging in this cage, it's uh it's really a suicide for a scalper. Are we going to today? I don't know. Let's see if I see enough volume building. I will try to make the sound and load some contract in and we see if we squeeze. I think you need that sound in deep charts. When someone clicks buy, we will make it.

Okay. We will put I will be a customer. We need to put also your sound. You have something with the community that is really peculiar that you do. Yeah, we can. Yeah, we do. This is just the definition of balance. This is just the definition of boring. Like imagine the traders at home. How many traders will not sit on their ends and take 20 stop loss in this range? Now I'm going to agree and disagree with that. M you you think they can stop.

An experienced trader may strive in these conditions, right? And if an experienced trader may take may have taken six setups right now, but each trade might have been three points or five points. Ah like very small and I think having that mentality and a balanced market is the right approach instead of going for a 20 point move or a large move one time. Yeah. Yeah. This is something that also in the in the first podcast of but makes sense on DS.

If I need to take three ticks and they have the risk of beque squeeze five ticks on the NASDAQ, right? On the S. Yes. On NASDAQ, I never do this. Yeah. Only at least 20 30 points of movement. Yeah. On Yes, I go for at least 12 to 15 points and usually it's about three points of risk. You have a minimum risk-to-reward that you accept. I won't take anything under 2 to one, but majority of my trades are 4 one, three and a half to one.

It really depends on my entry and my target. In volatile days like this, honestly, in volatile days like this, my risk-to-reward tends to be a little lower because of where my entry is in relation to the order flow, because of how fast it moves. Mhm. On balance sessions, when it moves a little slower and I'm catching a nice mean reversal, getting some buying activity coming in. I see the speed of tape loading. Yeah. and the big trades loading.

I will just mark one level and see how it engages it because seems like an anticipation of the and I see a rebid also forming on ES here as well. The bids down here filling broke under reclaimed and now we're rebidding 6839. This is super important for me like the interest of the buyers got 50% lower in 3 seconds. M I can see this as a lose of interest in going up in the See, I would love to add that speed of tape to to my trading because I look at the speed of the tape on the depth of market.

Yeah. And if I miss it, if I wasn't watching that, I would have missed what happened there. you know, they rejected in a crazy way the level, the horizontal level that they put and the the buyers took again control of that situation. And and look at my screen. They're rebidding at 6839. Yeah, this is not a bad setup. It's not a bad setup at all. Aggressive buyers coming in, rebidding 6839. We are still inside the cage.

The problem that I have is we're in the cage. That's a re perfect rebate at 6839 and it's the same level you have. It's funny that we see it's the soft in a different way but it's still the same level. It's the same level you have. Yeah, it's the same exact level. 6839. Look at that massive bid. No, Phil. See if we can anticipate a good squeeze. Here's the value area high. They are doing it. I want to see some aggression.

The doubt is really building. I will mark also the 520. That is 5 520 executed contract horizontal level. I look at the speed of Yeah, that's probably a strong buyer coming in. Yeah. Yep. Yeah. Yeah. Yeah. Absorbing all the selling volume. Um, this one could be something. Yeah. Look at all strong rejected on the 520. You are considering a setup. See, for me, my target would be above the high of day. So, if I'm entering here, having a 6.5 point target is no bueno.

It's not even one to true. It's It's not good. It's not good. Yeah. Yeah. Yeah. But I see buyers getting aggressive, absorbing. No, I I kind of like this one. A possible absorption. I see also this 111 97 contract absorbed at the top. You see why it's good not to have a trigger finger. The 520 rejected perfectly the 77. The squeeze it's possible to happen when we break this level. Being so being so fast with a trackpad is not easy at all.

It's not easy at all. It's master level challenge. I think you may get it here. I I'm seeing signs of lying. Consider buying at the explosion of the top, reloading here and having an exit position here and trying to anticipate the squeeze. I will go for it. It looks good. But we are on the horizontal level that I fear. Huh? At least to go break the high of day you got here. Let's see. I have a target that is above the high of the day.

The speed of tape is amazing, right? Speed of tape is crazy aggressive. You're into No, but I'm seeing the massive buy absorption. The problem with entering at the high is where am I putting my target? If if this candle closed red, it's a failed auction and I will take out the position manually. Now the speed of tape is getting super low. You can see here this invalidate my setup. And I'm waiting for a clean breakout to re-evaluate the situation.

I got 104 contract absorbed at the top. And if they can run over it, I can consider reloading on the 250. Expect them to take back again this low and they will build a position on the way down. Now they are exactly at the level where they got absorbed before. You see this huge delta horizontally is where they got absorbed here. Mhm. So that they are not having an easy time breaking through. I would like to revisit this huge delta candle.

Here they go. One here and another one. A little here. I cover myself below the low. And we try again the squeeze. It's a nice dip. It's a nice It's a nice impulsive dip. Yeah. Now the the position management is the one that is not. Let's see if they can reload. Beautiful buyers. I'm risk free. Like I really value the speed of taking your position to risk free more than risk-to-reward. Like if even if I get a one of one of one constantly and with few seconds of putting risk- free, it's a free shot for me.

I pay out from my commission on this one. So now I have two scenario. Either it's a failed auction and they lose zero money to monetize it. Either even it shoot up and they make $3,000 risking $700. Now my argument to that would be what if the market pulls back to where you originally entered and it still validates your real reason for entering to begin with? Would you then look for a re-entry? No. If it's if it's invalidated, no, I will not look for entry like and every time I have an aggression, I will raise my level first of all to avoid a squeeze.

Second of all, to pay with break even plus two, three, four ticks for all the break even I take during the day. So you see, we we took break even, but we are building $740. Yeah. Yeah. So, but my argument to that would be if the market pulls back and moves to the same price where essentially you entered at and you're seeing the same confirmation at where you entered at originally, you'll reenter. Yeah, because some of my best trades are exactly what you do right there and I'll re-enter.

But maybe I'm just a little too early to it. This one I would have give back money to the market on this one. So, it was and you know what I don't like, Carmen? If we had an acceptance and aggression above this one, I will still consider a long. Okay. And as you can see, sellers are taking aggressive. It's a balanced day, so we can't really expect a lot of continuation. For me, my rules, middle of balance. No, no, but you're right.

You're right. I wasn't. I like this one. You're right. I click. I like this absorption on the massive absorption here on Yes, it's the same exact thing. I will say that we have one of really boring the day. We're good of the session. The the best thing that I saw was at the low of the day. Yeah. And then on balanced sessions, trading around the lows and the highs is where the edge is, not in the middle for me. Yeah, I agree.

Or the breakout of one. Yeah, correct. Would you consider a fake out of this high to go down? I would, but the fake out would be better if there was a level of interest above this. You know, for me, we missed the level of the CLC. We missed the level of the CLC, right? I mean, looking at the volume profile, there's just significant volume there. And if you look at what happens in this area of high volume yesterday, it was just sideways, you know?

So, for me, it's just transacting in an area where there's a lot of efficiency. No, the market can't stay in a balance forever. It's going to move. I will consider a reload of this one if we break out back inside the value area for accumulation. But I didn't open anything because sellers are still in control. Now I want to see if we printed the level on the fixed range. Oh now the fixed range is populated. They are building guys at the top of the range.

Yeah. So for me I mean if the market was not in balance a setup would be to long a strong break under that. Yeah. Do you trade the London Carmine London session? London. No, not really. Very, very rarely. And um you ever try to bring your position overnight? No, never. Never. So intraday? The only way I will hold something overnight is if I'm trading the option on it. Oh, you also trade options? Very rarely. Um last maybe a month ago, I traded uh there was a zero print setup and I longed the market.

It was a really strong sell-off day similar to yesterday. I longed the market and the contracts went up 500%. only two hours and it was a lot. I was risking zero. If it went to zero, I was happy with it. I'm not an expert in options, but I see a lot of potential for sure. Let's take a break for a minute there, guys, cuz I want to tell you about our incredible sponsor in the CFD prop firm space, the one, the only, the best of its kind, Alpha Capital.

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Whether it's a onestep, two-step, or three-step challenge, the options are all there. Links in the description below. Now, let's get back to the episode. But yeah, mainly mainly just the futures. I like being in and out, you know, usually in the first two hours. That's that's my window. So, you have a family history of Wall Street trading. Yeah. Nice. My cousin, my uncle, my best friend. Yeah. But for institutions or like they now they are retired.

A real a real prop firm. A real I like a real Now you need to specify a real prop. You hear the word prop firm and you think it's, you know, funny. It's a fake. Yeah. Yeah. a real prop firm that gives them their own money and when they make money others the firm makes money. You know the first time that I tried to explain how a prop firm operate to an institutional he was like so you need to pay them yeah to to to make you so so they have a really a different concept of propform in the professional space today it's an educational I was going to say 50 minutes the market's been open 50 minutes and it's not moving why you choose Today we find something.

Oh, yes. Yesterday, yesterday the volatility I was at dinner yesterday seeing the market collapse and I was I was not doing good. But this is not the day that you like to trade right in a different structure. Yes. But with this structure, my mean setup for a day like today would be looking for a long above that consolidation range from yesterday. But we're just so far under that. Um, another setup would have been the long at the low, but this liquidation on the bottom, it's amazing.

It's it's we can't say we can't talk about trades that we didn't take. You know, we were watching it, we didn't take it. You know that I see that we can revisit this uh this low level. And this is what I'm waiting to get uh value area low long to keep for the day. Right? You could see the value area developing in real time. You just see the cage like you prefer. You just see massive volume. I think out of the cage that goes back up will be aa for me.

Yeah, I would not mind an imbalance. A break under 6830s impulsive move down. Hold the low volume node. Hold the strong buyers from earlier. It's an existing level of interest 6830 as well. I wouldn't mind that. Look at these buyers. The speed of the tape. The speed of the re of the rejection tape. They attempt another time. Let's see. Is your value very high? Let's see. They attempt to break. They have this wall. That is crazy.

I can also cancel the fixed profile and only watch the the cage. This one for me it's a squeeze. Carmine this momentum trade for me it's a squeeze. If I can get a good absorption of the sellers I can do the same that I did before with an asymmetrical riskto-reward even that goes to one to five. So is the main thing you're looking for right now is aggressive buying to come in above that. I have two setup. One is conservative.

I go here and I want to see trumpet, right? I want to see trumpet sellers. I want to see that speed of tape going aggressively up. The momentum setup that I had, it's a clean breakout of the of the cage with acceptance above with aggressive buyers and I can take all the run up for day because if we break the cage, I really don't think we will revisit the low. For me, I like your conservative level over the upside scenario.

Do you ever do intermarket analysis with other uh instruments? Yes. No. No. Because like you said earlier, I care about the order flow that's happening right now and that's it. I I use when I have for example a clean balance area, okay, and I see the NASDAQ breaking aggressively one side of the area. I I was fading the ES breakout because NASDAQ is usually a driver because it's le less liquid but gives you a bias for the day and uh with additional confluence is working really amazingly.

I'm not doing this now because I only trade NASDAQ. or you want the intermarket analysis, it's on the driver of NASDAQ, but the only intermarket analysis I would do is if there's a significant outlier, let's just say the NASDAQ is up significantly and the ES is doing nothing. Yes, I'll then look at the NASDAQ. I'll look at the stronger name, either reject support, reject resistance, and then maybe play the opposite from that.

Um, but when they move in sync with each other, I don't really see an edge in that. Mhm. It's building the liquidity level that we are waiting. You know what it's doing, right? It's trapping traders right now. Everybody's longing this, shorting this. Yeah. A setup that I would look for is if the speed of the tape really picks up under the 6830, under that balance range low was a flush. And it flushes down impulsively and aggressively that's that's something that I would look to transact on.

Yeah. Yeah. Yeah. We do. But if it bounces without us, without pulling back to the conservative level, for me, I can't off my system. The NASDAQ's a little easier because you get the 10, 20, 30 point moves like this. You know, the S&P might take a few minutes depending on the volatility to move up the 10, 12 points that I need. It's it's nice to see that when you plot the last distribution profile, you see buyers getting more aggressive on the delta as you go up.

And this is a typical breakout setup because the delta is building more aggressive. One, two, three. This stairs is the one I used to anticipate the two. So for me, a clean acceptance here. It's a momentum trade, but the flash of the buyers and then starting to go back again up. It's the AAA, right? Another setup that I look for is let's just say this is at a level of resistance, right? and you see 104 contracts there on your big bubbles.

If there's 104 there, but maybe only 40 here and I see more size here and it puts in a higher low, that to me is a little bit of a divergence that says that, you know, the absorption is there and a quick reversal to go for. Yeah. Yeah. What do you mean for quick reversal? Like just a quick little pull back down. This wouldn't be for all day trend. This wouldn't be for calling a high a day. It would just be for a quick little relief selloff.

And you cover yourself above the absorption or you give a little bit of room. I would cover myself above the absorption with the potential to re-enter if I just have mishimed it. Mhm. A lot of my trades are entering. Here we go. Your value very high. They are preparing to lift off. Maybe we get a maybe we get but we need to get cleanly above 24,824. And my little friend speed of tape needs to kick in because it's boring.

And you know what's funny? that the target is on the balance of the other day. So it's really good risk-to-reward for as of now it's dead the speed of tape it's dead there is no aggression on the how come there's a gap there's no speed of tape is that just a data it means that it's not relevant so it's really low uh and you can put a filter I use a lot this gap between two candles as a reload like imagine the buy pressure when two candles gap in one minute okay this one is usually sell candle okay and Then if the candle close by above the gap you have a push candle and this one can be the candle that slice to you see that if buyers absorb this aggressive sellers on the way up they are preparing.

So you have a gap you have an absorption of the sellers they are preparing for the Can I get it? It's coming. Yeah, it's coming. It's laughing. It's funny because when you have a squeeze, you see speed of tape with a massive candle, you see buyers aggressive on the top. Now, a play that I can make, it's a buy stop above the area with a stop loss below. I think that's what I will do. And we load here. Another one. We load here.

And another one. We load here. And we cover ourself below the big aggression. Let's try this fade setup. This one is the anticipation of the squeeze. So is the momentum move. If we have a breakout, one candle and I'm risk free. If we have a failed auction, it's almost going. Okay, cover the risk now. Either they fail the top and I'm out risk free with risk free or I take all the squeeze on the way up. Let's still a little bit three squeeze and you pick trades.

Here we go. Speed of tape loading. So I have the confirmation. Aggressive sellers entering. Buyers reloading at the level. I steal more money from this market. And we take the momentum up. Aggressive buyers are coming in. Go, bro. I didn't loaded enough size because we didn't add retracement, but it's still crazy risk-to-reward. Look at the speed of tape up. Yeah, there you go. Now, this kind of setup, I'm making $2,000 in 600.

I will be taking out the position. The point is that we broke the cage. So, it's really possible that we have a continuation. So, I will trail my stop loss because this one can get to a 3 4,000 position. You will Yes. Let it run. Yeah. I remove the speed of tape because now the squeeze is done and I don't need it anymore. Now in choppy days when you have really deep retracement this model is not performing. Now you understand why any direction all day.

Yeah, I will cover below 191. Let's see if we pick up the momentum. How does it look on DS? On ES it looks pretty good because it could it could potentially turn into a trend. You know, from balance comes the imbalance. So maybe this is the start of the imbalance, which is why you're going to start trailing to to speculate that the imbalance is coming. Yeah. And now the sellers needs to close all there. So it's possible that we have a really good move up.

Okay, it's already 1 to5. I will take the top of the squeeze and take it out. We risk 600 to make 3,000. Now I start to play with the profit that I have to build to Yeah. I'm surprised. I would expect that they would revisit the the low level before the explosion. Yeah. Yes. That's what I usually see. It's not common on the NASDAQ that you have uh specifically after the day of yesterday, right? to see an impulsive move up and I still if all this it's an attempt to start at a pattern that gets absorbed really aggressively still the fake out setup it's there imagine if this candle prints a week no and you go back inside the balance so for me now what I look for is the volume to build outside of the cage right to see the market not breaking out of it if it could continue to build and still take another break and test yes it could be a break and test yeah exactly but like I said earlier The problem with this is we're revisiting back into the range that we consolidated at yesterday.

I love this cluster of liquidity above. So, you wouldn't mind looking for a breakout inside of all of this liquidity here? No. Huh. But I know that the behavior of the market changed. No, we did this move because the market is illquid in this area. As soon as we go to the fair value area, I start to do this dance of consolidation again. Like we don't have the condition to hold a 1 120. Oh, we don't have the condition today to hold the 1 120.

So, it's better to build profit 1 2 3 1 2 4 and then use the risk on this to make another one to three and a 10,000 and that's it. I'm very surprised you don't use a depth of market to execute off of. Oh, yeah. I I only use this and speed of tape because my setup is more statistical than immediate order flow. Okay. So I entered the majority of time with a limit on the absorption. Right? Massive buying speed of tape. They are going to the fair value.

They reach now the liquidity level. Now if this candle managed to print all red okay if this is an absorption and we are the previous day for value I consider when we have the condition that today we don't have a mean reverting setup a mean reverting setup well I can tell you for me on ES right now there's a zero print ah you consider a mean reverting setup at the 7650s you know the further it moves away from this the better the trade will be I don't have the fixed profile you know I think we will squeeze to the 25,000 another move up and then I can consider them in reverting I have only one of the three confluence that I'm looting looking for reverting they are absorbing the sellers as they go up this is a block of orders that will an order block an order block an order block this is a block of orderflow orders trying to protect the Nice.

Man, my zero print filled. Filled. You took it. No, it failed. It was It was entering with a three-point target is no no good on ES. It was a beautiful reversal. On the NASDAQ, you could get those moves. you know, the 10, 20, 30 points. On ES having a three-point target is no differently. It's uh not enough risk-to-reward. But you see how the shape of this profile is starting to develop into a P. How it kind of looks like a P shape right here.

Yeah, I like it. And that's what I was saying like if you break this one on the downside and this is an absorption, you have a min reverting setup. I think we will go to challenge the first aggression. The point is that going short on a momentum like this on NASDAQ at least you really risk to be squeezed out on the S&P as well. I think we will go back to the main activity. And this one is my reload setup. This one, all this fight is the acceptance area and the main fight and the reload logic for me.

I could tell you what, if this structure wasn't like this on ES where we have the consolidation from yesterday, I would be looking for a pullback into this breakout range around the 6870s, 68,65s where the aggressive buyers really stepped in. Makes sense. Um, but like I said, with this consolidation above the high here, it's kind of like a ceiling where we're we're trying to jump, but we're hitting our head on the ceiling for me.

I'm anticipating another squeeze, second one. They are accepting the area. This one I will try to go above the eye. Now we are in a balanced situation. And when you have this stuff and you flush the top, you get an aggressive by candle that create an amazing momentum on the side. Let's see if we can have it. The only fear I have when the you have this momentum is that the market can collapse and not give you the feeling level that you want and it takes more money than what you can give it to it.

But consolidation near the highs are typically a bullish sign. Yeah. No, but I I like uh the recovery of the aggression that we had was was incredible. Really? All right. We have the round at 24900. Let's try to take the round one. We are conc. I'm thinking about covering because this one is probable that goes short. We have a lot of aggression now. Buyers are trying to hold it. Doesn't look good on the buy side. Ultra balance area.

This choppiness of NASDAQ after breakout only on Friday. We arrived. So, this one took 1,300 for me. You see what's the risk? This massive candle are the ones that I can take. Took $300 more. So, now we are going in the first balance level. Still I think we are going to break the top. So now I have a better risk to reward. So the final target I have is this one. I'm watching the same thing. So let me check. The risk reward is massive.

I can get to the 995 squeezing to the 997. Let me check if I have what a sell candle. Massive sell candle. But on ES we're the selling's building. We're coming into 6865. Um, this was the previous breakout level. Yeah. Oh, we are in the box. But with this aggression on the short side, I will not feel so confident to buy. You are considering a buy setup potentially. Problem is, we're in the cage. No, we're out of the cage.

For me, my cage is from yesterday's consolidation. Ah, so I like how this delta right here, you see 6865, there's a minus 704 at 6865. The selling is really trying to step in here. So only the potential setup would be if this breaks and we reclaim back above 6865. But until then, uh, and I would be going for a higher day target of the day. Yeah. But if it doesn't hold, it's an invalid setup. I think creating if then statements.

If it if this holds and then that breaks Mhm. that's a potential entry. And for me, that's nothing. Now that's it. Really strong selling. They didn't even stopped at No, you had the rejection candle here, but then it got eaten back by the sellers. So even my potential buy, it's a crazy risk-to-reward, but I will not take it now. Mhm. Because I can see some absorption, but it's total control of the sellers. See, that's the difference, right?

So, this goes to show you two different positions. We have the same analysis of this moving up, right? Yeah. You taking it because of the volatility on the NASDAQ and you not putting any influence on the previous structure that I have versus me not trusting the breakout, right? Because I would be going for a larger move to then if I was in a position going for a larger move being in this now draw down. So it goes to show you two traders that have the same analysis, different asset and different perspective on that trade.

Yeah. You know, for the first time after all this move is starting to build a little bit of interest of the buyers in the speed of tape and we are at the previous departure of the market, right? The previous higher there. Yeah. Oh, it's looking it's looking really good. So now I consider this market structure demand potentially forming here. Yeah, I like it. I really like it. Still the sellers don't uh you know don't give room for movement or consider risking the initial profit of the day to have an extension setup covering and trailing the risk. as it goes.

But if I don't see speed of tape, for me, speed of tape is so important because it's showing you initiative. Would you consider this day if you were at Tomalon and if you didn't had to to do the live, would you trade or would you already walk out from your laptop? Now, it's easy for me to say after the fact. The only setup that I really saw was at the low of the day. Mhm. Uh that's a perfect setup at the low with the zero prints for me now with the balance like this and kind of moving back into the range.

Pretty big bid 6860. Do you see any absorption on there? Yeah, I see that they are challenging the low of the cage that I made. And uh if these cellers get absorbed, it's true. You don't have the risk of getting squeezed with yes, but you need to frame more long-term setup. Otherwise, it's not worth paying commission to open a fast move. I don't like the interaction here. It's nothing interesting for me. Speed of tape is leaping.

Big orders is leaping. I think sellers will get aggressive on this area and collapse it to the down with another big candle. Yeah. And now we're moving back into the range. So now you would trade something back into the range here. I don't like it. I don't like it either. I don't see anything that would add value to the money that they already made. And it's uh see the difference of your execution and why that was successful was because of your time frame and your perspective on the move.

You were just going for a quick squeeze. You weren't going for a home run. You were going for a quick squeeze, which is a huge difference of you could have the wrong right analysis but lose money on it if you were going for a different type of setup. Yeah. But I treat both of them like the long term long is still here for money. I still cannot believe that they make this big movement without taking the the bottom of the range.

And here they go there. Wow. Beautiful. It's looking really good. You took a short on this candle. No, no, no. And for position management, how you usually do like you leave your full target or you consider maybe taking some partial or I rarely move my target. So when I enter the setup, like let's just say I was left with a long here, that's my target. And what I'll do is on the S&P if it moves up, let's just say seven 10 points in my favor immediately, I'll then adjust my stop loss to break even.

That's kind of trade management that I'll do. Uh but it needs to move in my favor relatively quickly. Mhm. And um stopping profit, you put or you keep stop loss to break even. Usually break even. I don't like to pay myself along the way. And the reason why I do it that way is I have the ability to reenter. If I if I threw out the analysis and didn't reenter, maybe I would pay myself along the way. Um, but like I said, some of my best trades are the re-entries.

Sometimes I'm a little early to the party. Mhm. Another deep down and we are at they leave you up. It's important to just trade your setups. Is this the tape picking up for you or No, no, it's nothing good for me. Yeah, like that's the reason I'm asking you stuff about uh management because I don't see anything that I can execute now. And also the level I don't like I don't like the level now like if I if I need to choose an execution here would be the selling absorption of these buyers for a continuation move that brings be bring us back to the he did it followed by speed of tape.

This one is a move back to the range because they accepted now back inside. So this one, beautiful trade. This one, this one followed by the speed of tape. It's early one to four with the stop loss not even above the candle, above the absorb by the sellers are really piling in. No, they are strong. So now would this be something you're looking to short a pop or a reload setup and target the balance range low that formed?

You know that this is one of my favorite setup. The problem is that we are back inside the cinema and we have nothing. We have a consolidation range for another two hours and it's but yes if I need to take one target I will take to lower that balance. Yeah. Yeah. That's my target for I think they go for that balance low. The fact that on Monday we have an early close of the market is not helping us in volatility because no one will engage with big capital on a Friday.

I like how you you use the footprint. I like the the visual that you have. Yeah. Because I can see the delta. Yeah. You can see the shape. You can see the total volume. You can see the total volume. I can see where the bar opens and closes. You know, it's beautiful. The NASDAQ footprint moves too fast. You cannot like I put bubbles because to scalp with the with the execution that I have and bring if I need to read also numbers it's really difficult but if I was trading yes I will use the same one.

ES has no bubbles that are significant here which is interesting to say there's nothing large. You have something small but nothing interesting but still it's coherent because it's a cell aggression. So that pop right there was a nice little reload setup. This was a reload setup. It's popped. As it popped, the aggressive sellers stepped in and now we come down. So, let's see if these sellers get rewarded or if they continue to Is this at the low?

Where's the low? The low's here. They are challenging the low that we are watching. Yeah. Now I usually expect an acceleration. Now there is an opposite squeeze. You see how I identify the best candle. You see that this candle here and this candle here have more than 70% of the body and really small wick. This is the typical aggression candle that frame my reload area. And this is the low that I expect them to to break.

Yeah, I will not consider a short if we break this one. No, no, no. It's the same thing on ES. So on ES, we have the really big green doubles as it initiated up. As the market pulls back, it's support and then we continue to move up. So that 6830 is going to be a key level for me as well. But trading above that is is difficult. So 6830 on ES and then what is it on? 24680. At the end of the day, we watch different instruments.

But order flow is order flow. It's reflected on the big trades. It's reflected on the heat map. It's reflected on on everything. Look at the speed of tape here. It's picking up. It's It's I think the highest that I've seen during the day because we are on VWAP. It is VWAP. Yeah, because we are on VWAP. Okay. So, You're beautiful. This one was really beautiful. I have something interesting here but not enough speed with this trackpad.

So this one inside the range it's a reload of the sellers even if the speed of tape is so high. Oh so beautiful one. considering it. Um, okay. We put here the top. Sure. No. Yeah. Yeah. Yeah. Because we are back inside the range. We're reloading. We are reloading. Yes. the cage rejection for the third time of the day with this speed of tape not following in a breakout for me it's like a failed auction logic that's holding engage daylight.

Yeah, I want to see this. They are rejecting the eye. Problem is that they spike up on NASDAQ and they took me out. And this is when the position is still valid, but you are with a tight stop loss. a potential re-entry would you look for? I don't like uh like now the interaction is getting really choppy, right? And the um the speed of tape is not there, the aggressive participants are not there and you see that they spike the top and reject.

Mhm. So it's um today we are really working with bad market condition. I wouldn't mind a reload setup here at the 68 to go short again. I wouldn't mind it. Uh because zooming out potential failed breakout. Yeah. Yeah. Yeah. That that's what I will see. what we see at the highs and now this is just a pop for a potential reload and then maybe we could target that balance range low. I know it's a little further out but that's the play that I was uh that's the play that I was trying to anticipate.

The problem is that it got aggressive on the bottom and now it's again reloading up. Oh, I like this gap. I want to see a break of this little consolidation high here. Hit the 64 65s to take a reload potentially. Yeah, I mean we have a nice little rejection one minute wick here from the 65s all the way up to the 67s. I would need to see trap buyers here. This would be a trap buyer reload setup. Buyers buying this breakout.

Let's see. Here's the 65s filling. Strong bubble coming in. Let's see if this fails. Ah, Delta's getting hit. You are still considering the short. I am. You know it's beautiful from a price perspective but the auction is really strong on the upside. They are gapping. Were you coffee addicted also on your trade? Like you're coffee addicted. You've been drinking that thing like it's tasty. Making the old grandpa today.

But yes, I'm caffeine and tanin addicted. Yeah. The problem is is when I drink caffeine, you got nervous. No, not nervous. is uh I I do too too many things, you know. Wow. It started before us. I'm still considering this oneh. I am. Maybe I move back into 64 65 again. But that was my entry there. You going to manage to fill you out? See, like you, I don't place limit orders at my prices. When I see my ex my entry, I hit step in.

Ah, look at the seller stepping in. So, this is a good, beautiful example of a previous rejection and a seller reload. We rejected on the one minute 6865 from the original selloff, right? If I zoom out here, we see the massive sells. We see the move back up here and the pop into this. So, to me, there's a seller that was sitting at the 65s. And when the market comes back up and pops into this, we look at the footprint.

It looks like a Pshape on the footprint chart. Mhm. To me, that's a a a good indication uh for a quick little scalp down. I mean, that lasted 10 points. marking the the top of the distribution because I still think we can challenge another time the high tap into this liquidity and reject like crazy on the short side. you take the same size of on all your trades or I'll adjust according to my risk. So I standardize my risk, keep my risk the same dollar amount and then I'll adjust my position size.

So if my stop loss is two points away, I could go in with more position size. Okay. My stop loss is four points, let's just say it's double, I'll cut my size in half. I understand. Um and you have like a ranking for your setup. Like you have really rare AAA setup that only appear two times per week and you take a little bit more risk on those or all days. Every trade I take has to be a AAA plus 10 out of 10 setup. Even if they are super rare, even only two or three trades per week.

Yeah. Yeah. Because I have multiple playbooks. Okay. Understand. So maybe a setup that I take today I see it once a week, but I know it's one out of the seven playbooks. Okay. Ah, you have all these. Uh yeah. Yeah. Yeah. The one playbook today was the zero print. That's the main thing I saw today. You know, anything else right now is kind of Yeah, not forcing execution, but here's we're reloading the 64s again. So, this could potentially be brewing.

I mean, we're seeing the absorption and the selling at the 6865s. We're seeing delta building. We're seeing the speed of the tape pick up. We're seeing the sellers reload and defend price here. So, it's a clear rejection of the 6865s on ES. And that's that's a low volume node. No. Yeah, that that that level is super strong. But um I don't see you know NASDAQ is more aggressive than ES. So when when they take a decision on the direction, you can see this from the order flow.

NASDAQ is super slow and stable now. So it's I can expect that they they want to make another push Mhm. and then starting a movement that makes sense for me. And my my real rules right now would be to not trade in the middle of this, you know. But of course, of course. No, I was I was early to the party here. Yeah, you had the right idea. You drink caffeine when you trade? Coffee or tea? Specifically, if I have a long session like uh 6 hours when I am because I need to follow the position.

So like in the session of yesterday where the market collapsed and you reload, you can say 6 hours in front of the chart. So I I need to keep me awake. Sometimes I just stay 3 hours doing nothing. Just putting stop loss in profit and it continue to collapse. Yeah. Do you ever do position that last for multiple hours or you are more in and out in My best trades work out right away. So usually when I enter if I look at my best trades compared to the worst trades, the best trades work out last five minutes, six minutes, seven minutes.

That makes sense. My worst trades I'm in this trade for an hour, two hours and it stops me out. Yeah. Yeah. Yeah. And an edge could be adjusting my stop loss to break even immediately. You know, if that's a statistic that I found found to be valid of best trades work out right away, maybe moving to break even right away. Mhm. You know, is is appropriate. But that's where looking at your data and adjusting accordingly is is appropriate.

Look what a mess here. Buyers, sellers, aggressive, multiple levels. We are really in a that tight range. for example, you see this aggression and now everything is stable, calm. The next six candle, you don't have anyone getting really aggressive. So, one thing that I look for and why I love using a range footprint chart is I like looking at the time the bar opens. So, if the bars open relatively quickly, you see here at 11:03, we have a bar and the next bar opens up 30 seconds later at 11:0 11 040.

If I see a bar maybe take 20 minutes to open and move a fivepoint range, that tells me that it's very choppy or there's not a lot of volatility. Something interesting. I never think about that. So, I like looking and you know, if I had more screen real estate, I would have another indication down here that tells me how long until the next bar opens. And when more bars open more frequently, I know that the speed of the tape is, you know, increasing as well.

Nice one. They did it. They tap into the level. It's still brewing for a short for me, Fabio. Yeah. Yeah. But also for me, I mean, they tap into the level and rejected, but still another push I want. The problem that I have is if we zoom out, it's in the middle of the range. And I don't know, from the top to here for me, still a really good setup. You know what's my real problem that there is no sellers aggressive on this one?

And I have really a low filter. I have a 40 on the big. Are you lowering your filter as well? I lowered the filters, but you see nothing. There's a delta divergence here. Ah, you use also the delta divergence. Yeah, a massive delta divergence from the first peak to the second from the peak to this peak, we can see the selling the buying was nowhere near the previous high. And on the footprint chart, we see the delta here at the bottom, right?

You see this wick and then you see this one. Uh this was like more like a hammer candle versus this one kind of got bought up like an exhaustion. Yeah. If this was at a level of resistance or something and it wasn't in the middle of the range, this is a A+ setup. It's almost trusting the market, right? It's kind of like, you know, if if if it's acting up, you know when it's acting up. And you know, if it's in a bad mood, maybe you shouldn't poke at it.

That's kind of the way I look at it. You know, if your girlfriend's in a bad mood, you're not going to leave her alone. AL Exactly. Okay. Oh, now we have something interesting. What do you say? I see that they are really aggressive on the top and they are getting absorbed. There is a strong liquid and you can see also from there strong liquidity level and but another push up I want still. So to me this how I'm viewing it is that these moves up is somebody absorbing and accumulating for potentially a move down.

Yeah, totally agree with you. And we have a low volume node on ES as well. Beautiful. you usually trade alone or you trade with your family member like that manager sometimes this is a trade alone I don't like uh other people's they can interfere with your opinion for sure I see you getting long and I want to be short you know you lose I or I lose you in. Yeah. Yeah. Yeah. Yeah. It's counterintuitive, but they in the in their office setting, they all help each other.

I've seen them, you know, shout out. Look at this aggression here. Oh, I mean is counterintuitive because you think that more head and it's always better is not like this because they can also the best analysis is your own analysis. A lot of aggression coming in here, Fabio. But I don't have still my execution trigger. I want this push up and rejection. They are almost reaching the level. Here they go. Touched two times.

Three times. Look, look at this. Look at this speed of tape. Look at the speed of tape. How big is that order? I cannot. It's like 300 contracts on the No, they got absorbed. They got absorbed. You're going first. No, you're going. No, no, not going. I was searching for a short to be honest. Yeah, I mean for a continuation long, but they they are too aggressive on this level. Yeah, this to me is no. No short no this is I sit on my ends and I don't do anything.

I think it's also important, I feel like you're the same way, is there's many different analysis you come up with in a day. Could be 10 different ideas, 20 different ideas and maybe you only act on three of them or four of them, you know, or it needs to have everything aligned, you know, like uh if then statements. If this happens, this rejects and buying comes in and the speed of the tape increases, I'm in it. This camera is beautiful.

A huge amount of absorb seller speed of tape. This one for me it's a setup, you know, loading here, loading here. This one is a good momentum setup for me. I'm cover below this huge absorption. And as they reject, I load. This one is for example, is not a level and reload, but it's a speed of tape, aggression, and absorption coherence in one candle. I have all of three. All all of three in this one minute candle of NASDAQ and they are above the cage again.

And if this candle fail for me it's a short because this means that the auction flip. So I have an asymmetrical risk to reward to go to the bottom of the balance. So, if you're short three contracts, would you or if you're long three contracts, would you then um put a sell sign for six contracts to go to reverse or no? No, because if I put six contract is like uh uh reverse. You mean the the stop limit? Yeah. Yeah. Yeah.

No, I don't do this. I wait always for the candle to close because sometimes it's an effort without result. I'm reducing my risk as it goes and I'm anticipating the squeeze. I'm risk- free. Let's see if it's start. They are pumping. Expect a flip of the auction again. Okay, they are going second time that we attempt a squeeze. If it's another fake out. Yeah, I'm looking for a long here for the high of day as well. You took it.

No, no, not yet. I'm looking for an entry again. Again. Fake out. No, no. This is They're buying. They're buying. Consing God think they're buying this. I don't see a lot of coherence in the buyers. They did a huge candle of the speed of tape in directional day. You have a follow through on NASDAQ and you don't have only the way of putting stop loss to risk-f free but you have also room to put stop is profit and now it's coming back to balance back to balance.

Something good on Yes. Yeah. This pullback is passive buying to me on the 70. You still long or no? I'm considering one on the 79, one on the 101 and one to load here. They're behind. They're buying this move. Let's see. Unless news is coming out and somebody knows something right now. Let's see. Let's see. I I got feel that good level. But if this is all a fake fake auction, we go back inside the range and we dance for other hours.

Unless somebody knows something is news coming out, they took me out on this one. Let's see. You have a really long uh stop loss. I'm not in yet. So, the main thing I look for now is the delta to build. Mhm. And if we could hold these 65s from earlier. To be honest, this one seems so short now to me. I have hope that we are going to revisit our beautiful level. Yeah. I see sellers getting crazy aggressive and they rejected the top of the bands that we saw before.

That's insane how much volume just came in there so randomly, right? We were waiting for that. That's insane how much NASDAQ is not moving. In which minute candle you see a lot of movement in in the 06 minute? One minute. This one. Oh, let me see. In what? in um uh in uh hold on. You're still considering along. It's tough to say. I like I always go back to what I started with earlier. It's we're in the middle of the range, right?

If I zoom out, look how much volume is building here building from today and from yesterday. The real the result from yesterday was it moved sideways when the volume built. Today we're doing the same exact thing. Yeah. No. So I But it's beautiful to see a little bit of volatility. For sure. Hopefully it continues. Now I I told you if they break this candle I will flip. I was talking but this one for me it's like you challenge a wall.

If you break you squeeze if you fail you go to the other side. So for me, what I like right Now, and this is another one of those 20 scenarios that I said we can make on a daily basis. How can you remember all this scenario is that we're revisiting the 6865 level 6865 6863 that we rejected earlier on that reload. And remember how we were looking for another reload over here and it rejected. Well, now that we're above this level 6865, we're beginning to support it.

Makes sense. And now as we're supporting it, we're seeing aggressive buying coming in. Yeah. Yeah. Makes sense. And if I were to look on the footprint chart now, we see in the terms of the delta, we see a little bit of a lower wick indicating the selling really tried and now the buying is stepping in. So if this can pull back and hold the 6865s again, 6862 is a support, I would look for an entry targeting the high of day at the 6880s.

Mhm. Another potential if then statement, right? If it comes under this and the selling builds and it's strong, that's it. It's not a setup that you would watch. It's important for you how it arrives. Like if it start to get aggressive in your level, you still consider a long or I love the quicker the move and the more of the impulse it takes, the better it is. So when it moves down quickly, I love to see that. Mhm. So now we're coming into it and now we're trying to bounce considering a possible entry here.

I think it's beautiful this one. I don't have my confluence in a split second like that, right? you enter already. No, it moves, see how it moves up four points like that in a split second, a four point move, you it will destroy your risk of reward. So in a move like this, the way I look at it is if I want to buy the 65s and I see this start bidding up to the 70s, I feel like I am not paying a good price at the 70s. Whereas if I had an opportunity at the 65s, it's not as good of a deal as it was back in the two seconds ago.

I understand. And that's with the way that we trade. You have to be very fast. You know, there can't be any hesitation or any uh the more the more you think, the less money you'll make. The less you think, the more money you'll make. The more fear you have, the less money you'll make. Yeah. Well, when you take an an unconscious execution because you made this 10,000 time without reasoning on it, usually you have always a better positioning on it.

If I could get a little I like your setup. I If I could get a little pullback to give me a little better of a risk of reward, maybe 67 66. Watching a crazy absorption of the sellers on this candle. Are you? It's really beautiful. My setup it's a little bit more aggressive. I like this. We need to accept this. It's holding the old rejection level now as support. Oh, bid stepping in. See, where I would get this wrong now would be me chasing this, buying the 71s, having a target at the 80s, and putting my stop loss under the 62s.

I'm more aggressive than you, and it didn't even filled me because it was super aggressive on this one. The risk to reward is [ __ ] on this one. But if they come back down, it offers a better reward. Still considering it. You see anything on the NASDAQ? Yeah, I see I see a beautiful long building. Yeah, I see really a beautiful long building. The problem is that if I need to put my out position at this low, it's too much risk.

It's just stupid because the movement in this choppy day is not so explosive. So I will leave this one to you. Get a large aggressive bubble. Absorbed. Absorbed. Do we maybe get a here? There's your I think they are loading. They are loading. No, they absorption right there. I don't have the the confluence of the speed of tape on this one. I wonder what the speed of tape on ES will look like here. If you start to use it, you will fall in love with it.

Okay, this is what I watch right here now. Watch for a pull back into 6868. Mhm. To 6862 for a long targeting the high day. My invalidation point is under 6863. 6862. Mhm. If we're observing this price action and we're seeing the buyers really to be strong and true here, if the market pulls back, they should defend these prices. If we're reading this incorrectly and the market moves down, we may not get confirmation, but it avoids an early long.

It's always the the balance between the the probability and the risk to reward. So, what I like looking for is in my footprint chart, I like seeing delta. I like seeing an outlier in the delta. And when the volume's a little thinner, there's not as many significant delta outliers because of how fast the market moves. But I like seeing I have it I have it highlight I have it highlight in the delta column when there's a significant outlier in the delta when there's something different than the normal volume coming in color different.

If we were to look at the low of the day for today, right when the market came down into the low, directly at the low of the day, if we see what happened down there, where is it? Uh, directly at the low of the day, a massive delta outlier, 330 contracts. Watch this right at the low. At the low of the day, 335 contracts when the market came into our support level. Mhm. So, I like looking for outliers when I'm getting confirmation to kind of confirm that significant activity.

Similar to your big bubbles is confirming the move that I'm looking for. I have the size of the bubbles. The more interesting the outlier, the the biggest the the bigger the bubble. Bigger the bubble. Yeah. Same information, different visual. And to me, this looks like hands off. Yeah. Because sellers are in control. Sellers in control. So, why bother? I was waiting for a potential failed auction, but sellers are in control and now I don't touch anything.

There are so many piece of the puzzle more than getting a level. So, my CLC rule is important for me. I guess you're considering a short. No, no, no, no. Not touching anything now. We are too far from the first level of aggression. But um like if you zoom out, it's really crazy the session that we got like NASDAQ like this. It's one time per week and of course it's the week that we're in the studio. But it's okay. Yesterday the collapsed without retracing.

Today they need to breathe. I wish we had a day like yesterday. today. I wish the market maker are like don't move. I was waiting for yesterday's setup all week. I took four trades on last Friday with the same analysis of the dump. Of course, we get the dump a week later. The flip after the absorption of the buyers would have been really good. I still think we go here. Yeah. From how it is developing, it's like the idea of the buy here that I had, it's not valid anymore.

If you look at the volume profile and yes, it's same thing as the NASDAQ. the volume profile completely just a cage just balance. Yeah. Yeah. Yeah. Do you look at the shape of the volume distribution throughout the day? Like you look at how it's developing when it's I I know that when it's balanced, I lose money because I anticipate squeeze. So I need to keep my loss small and when I have a skew a P or a B, I have a trend directional day.

So I can let it run a little bit more and I can add. M that's the reason I always draw the cage and wait for the cage to be broken like we did. But today it broke the cage, went back inside. Second time broke the cage, went back inside. This is the day where I lose money. Mhm. Have you ever tried trading S&P? I try trading the S&P but I I will trade S&P with a mean reverting model not with a trend following model because also when you get super trendy on NASDAQ SP is always giving you right you know I noticed that S&P does push rebalance push NASDAQ that push stable push push yeah so it lets me build better right it's amazing how we trade very similarly on completely different instruments Yeah, it's going to our level.

Yeah, I would like this here. See how it's holding? Mhm. This aggressive buy now as support. We might get our moment to break the high of the day. I had my confluence at this level and this aggression but now I don't have a model to jump in now even if seems good I don't have um look at this look at this speed of tape is pick yeah you can see it on on You like it? I like it. But I'm going against my rules, Fabio. Oh, no.

Not for execution. I mean, you like the the directional of the long. I do. He's giving me on this level an absorption of the sellers, a potential squeeze with a really small stop-loss. Let's see if they break. No. Wow. Foly look at the sellers. They're saying like we don't go to to your top of the day. We go to the bottom to reload. Wow. I I like it now. Yeah, I really like it. Now is the time. We reclaim that range.

If we could get a pullback into the 69s on on ES. I don't know what that is on NASDAQ. NASDAQ is not showing any interesting activity in the last two candle. But this rejection at the sensitive level that we mark the 75 and this aggression level, it's it's really beautiful. Here they go. Here they go. Here they go. Here they go. NASDAQ's moving quicker. Mhm. But it's not giving me the the opportunity to join the movement, unfortunately.

I will use the 40 range when it's so choppy. I usually switch on the range. Not on the tick, but on the range. Speed of tape here is not bad. It's not bad at all. We have this absorb sellers aggression. Speed of the tape. Speed of the tape is there. And also more. Wow. Sus again. Choppy. It's choppy again. Wow. It's big size at the high. Yeah, it's You see that too? I see the huge absorption of the buyers. But look at this clear now level of resistance.

I mean, now it's coming so clear. I feel like it's going to they're going to break that. It would be probably inevitable to be broken because of how clear that level of resistance is now. S speaking out. By yourself are still keeping up. getting completely absorbed sellers. Yeah, this is this is going to go break the high onto a week. Palm is see if we can take a moment to set up. So they printed the aggression. So messy the the deep for today.

This is the the part of list resistance from an orderflow perspective. And you see it's level on top of the level on top of the level on top of the level. Let me try to go to the protection level of the IBB. Let's slowly lower here. Contract here. I'm anticipating the squeeze. I saw what I wanted to see. Cool. Feel on all three contracts. Imagine. Now it goes back inside. Another failed auction. No, no. I think you're good.

I see a lot of aggression. And I think they are going to take the low again. The area failed and they are going down again. Now we should print a cell aggression here. Still wide. What a fight inside this year. Yeah. Uh part of me wants to try this long just to speculate that we're going to go break out. That's what I'm trying. But it's really choppy also in the breaking out. It's not the behavior of NASDAQ. This is also not a breakout market. a breakout day.

This is the type of day where you have to enter where you would for me normally stop out at. Here it comes. They might get our now because it's going to go. Yeah, that's that's what they are building. Like imagine they took me out at this low. Yeah. And now they are building. I have a reload level on the NASDAQ effort. Let's see if they come back. We should trade more often together when you come to to Dubai. Might try a quick little two two to one versus the reward.

But by setup potentially you you don't wait that day clean the high. No. No. Cuz I would my target would be a high day break. Uh, so you won't like to anticipate the squeeze. Oh, there we going. He has a high day break. Holding one contract here. Going with five. I'm loading on this area that is the maximum point of aggression of the buyers. I like the accumulation and they see that they take space. They take really good space to make S&P still has not taken out its high.

So, you're likely to go revisit that at least, which will help bring the NASDAQ. Has it taken out its high? Let's see. Here we go. Here's a pump right here. H but he didn't feel me now on this one with the contract size that I wanted to call only the first one because when you have a momentum market like you you enter full size in one and that's it. When you have a momentum market I needs to get a better positioning price so I fractionalize my entry. on on an instrument like the NASDAQ, it's very appropriate.

Let's see if they release it back. This to me has the potential for a trend later in the session. I hope. Yeah. Coming back to feel. Let's see if we get a nice feel. Is your performance related to the market condition or you have so many models that this doesn't affect you? So I have so many different models. It if a market's balanced, I have different setups. If the market's trending, I have different setups. Um when I trade a balanced setup in a trending market, that's when I struggle.

Mhm. So you can almost trade any kind of market environment, right? Yeah. Amazing. I prefer a balance today. Yes, but today is different because today we're in a higher time frame balance. We're not in an intraday balance. The higher time frame is we're coming back into this range. Right? If I pull up a volume profile, this is extended today's session into yesterday's session. We're long-term balancing. So, for me to even participate in a move to the upside, a high probability, I would need to see the 68.95s on ES above the balance high.

I understand. I got another second one, but the buyers look really exhausted. See if we can have a nice push on this one. If we can have a breakout again of the top of the range, I will consider adding I don't like it. Let's see if they catch up. The ES order flow looks very good for a high daybreak. Let's see, brother. You can took a nice sniper with a really limited risk for an $11,000 of profit. But we are still inside this [ __ ] range.

Like it's you're in full size. No, no, no, no, no. Full size. I don't have the market condition to go full size. Yesterday I went full size. When I went full size, it's 1520 mini of the Nazda. The aggression of today it's I think your position looks great. The position was great for a one to one but they will revisit this this level. So now would you adjust your stop loss to break even or not yet? It's It's too tight.

I I risk of getting taken out before the real move appear. And I did something really stupid because still it's a 1 to 10 risk to reward. I'm risking 1,000 to make 11,000. So it's it's an anticipation of a potential time of the day. There you go. Let's see if they can catch up. I have a really high target. They took the high. Yes. Okay. No, they didn't took the high. They are still inside this range. If they make another break, I can put my position to risk free.

Okay, let's see. What a day you choose for me. It's what a day. It's not in a good way. is is a master level consolidation day. I'm going to tell you, I think you're going to turn into a trend here. There is this problem on the left. There is this problem on the left. I will trade I will trail my stop loss in a smart way to recover the first risk of the day because we are covered by this cluster aggression of the buyers and let's see if we go back to break even my deep chart froze.

Deep chart froze. Yeah. Oh, maybe not. Yeah, it's not going try to refresh. I refresh right click. It's uh it's data that is not receiving. It's not just the Okay, try to disconnect and reconnect this feed. Failed auction again. Eh, failed auction again. It's coming to the stop in profit. Let's kn a little bit more of profit the market out stopping profit and it reversed again. We recover the the stop loss that we took before, but still not catching up a trend.

I can load again on this cluster of aggressive buyers if I see an absorption. Seems that now it's building the condition to Not from this level. My long comes above 68.95. Wait for 10 points away. I think it's smart what you are doing. You are waiting for the cage to be clean. So you have really clean price action. I need clean price action. I need my trade to work out right away. You see when we were in the range, I took execution on the long side.

I took the first squeeze. when it goes back into the range, I trail. I always pay you a stop loss with but I don't build profit, right? So, it's it's not the condition that this is a condition where you need to have a wider stop loss and just let the trade do its thing and kind of hands off. You know, this is not a trade to but this is not what I like on no not the NASDAQ behavior. The NASDAQ is I take a direction and I start to pump like yesterday.

Oh. Building again the pie on fixed profile. This one is beautiful. All this aggression level is beautiful. They are not managing to See to me I don't look at this as me missing the move up or move down. I look at it as me to participate. I agree. This is only us taking unnecessary position if I load again because they are still in the range. It's range. Yeah. In my opinion, I think knowing when not to trade is more important than knowing when to trade.

Yeah, right. You could trade every move if you would really want to. It's easy. Well, let's say let's say that for me taking a risk of $1,000 to cover 11 if it catched up. It's worth the risk. It's worth the risk. It's worth the risk. Yeah. It's also worth the risk when you're in profits as well. Yeah. You know, to have a little bit of a cushion. They went back to the original area. aggression. Now it's catching up again.

And now it's catching up again. Give me a retracement. I didn't have the time to load. This was my level. put in front of those purple boxes. The purple boxes are areas where the aggressive sellers are dominant. It's an indicator that is plotting the path of least resistance and it's giving you areas to manage your trade while it's running. So this is amazing when you have a bias and you need to understand where you have control of the buyers so you can trade.

No, you see now the price is stuck on this area and they have this one as a revisit level to potentially at. So, did you draw your box because it's a green box? Yes, you did. Yes, I just extended it because on this one with a week, the level gets invalidated, but it's it's not broken. It's still there. The price is still accumulating on the level. And you see now they start to do ping pong between these two area. When they clean, you have the squeeze.

Mhm. They're challenging the eye. The L was beautiful. Okay, the first level of aggressive solless got invalidated. But this resistance is getting long again. You have months where you don't trade like August or Christmas. No, you do. Like the last two weeks of December, I usually don't trade. The market condition gets a little bit bad with Christmas and New Year. Yeah, it last August was beautiful. Seems like uh crazy volatility.

So what do you think is the number one thing that someone should know with workflow? I think the most important thing is the relationship between volume and price because the volume I see like the gas pedal of the car and the price is the direction. So the price is telling you the result this impact of volume is having. So I had my great results in the trading career when I merged them when I was using only one kind of information but also if I watch only order flow and I don't watch the interaction between areas your level your CLC and order flow I take average right because I only take momentum entry but the riskto-reward is not amazing this is most important thing for me and the second most important thing sitting on your ends or lowering the side if you want to take a 1 to and anticipating a breakout, it's good because the risk it's worth it.

But when you have the wrong market condition or you want to buy a choppy range, this one is when you usually eat the profit of the day before. So the the most difficult part in my career was sitting on my ends and only for example I don't have seven 20 models. I have one model which execution and this keeps me keeps me accountable to not be creative in the in the in the position I take. If I use only price or when I was using only price, you see stuff that is not numbers or actual result.

You see candles. No. And the candles can be misleading. You can create setups that you only can see. But an aggression in order flow. It's an aggression in order. Okay. An absorption on a horizontal ITM level is this. They are pumping up is going and for you which one was the most important moment of your career to you know not treat every move the same and to like you said sit on your hands to be able to say journal the trade right away and be able to say this is the trade I'm taking and this is this is why I'm taking it and having a reason other than oh cuz it's going up or it's pumping or it's dumping. you know, think it's going, you know, I think, yeah, using the word I think should not be in the vocabulary.

You know, it's it's natural for us to say I think, but thinking gets you nowhere. You know, thinking is not going to move the market up or down. Improvising and thinking are always and I think a lot of traders look at order flow every second, every minute of the day. It should be around your key levels. Yeah. It should be around your key levels. You know, if your system says 20 trades in a day, take the 20 trades. If your system says one trade or no trades, you know, so watching price action around key inflection points, the way I look at the market is that it's an advertising mechanism, right?

So like if you're looking to buy anything, right, you want to buy it on discount, right? You don't know if a lot of people are going to buy it on discount. You're not going to know if that discount is even a discount. You don't have an area. You don't have a direction. You're just buying in the middle hoping something hoping it's going to go up. Exactly. The order flow tells us, okay, when this goes on discount, are people also buying the item on discount because they think it is worth that price?

And if that's the case, then buying and following the footsteps is a good point. But if the market's on sale and nobody's buying it, why should we buy it if nobody's buying it? Oh, it's going. It's pumping. All right, this is good because this is developing for me. No, no, it's amazing. just uh it was one candle of and didn't give me an area to join the movement. This is developing for me. Two zero or three print 6887.

Zero volume on the bid side. As the market's moving up, there's zero volume on the bid. 37 on the ask, 65 on the ask, 27 on the ask. So, I mean, the market's right here. They both filled. We got one more that's unfilled. The further it moves away from the zero prints, the better the setup is. When it it it hangs out there and it fills it immediately. It's it's not even a setup. We have one that is unfilled. 6886.75. Going to label this as a zero print.

Crap. Look sexy the longer. Huh? Look sexy the long. Yeah, the long's looking sexy for me, but not here. We're almost there. 68.95. I have the NASDAQ. What is the your level? My level 6095 on ES soon as it breaks above this consolidation. Yeah. Yes. Because you have this huge huge balance, right? Look at this. It's a line of least resistance. Yeah. Yeah. Yeah. Wow, look at all the absorption on the D charts. Yeah, that's the reason I'm not considering long and waiting.

It's it strike the top got absorbed. And here we go back inside the range. What a situation. Did we fail? Oh, it's printing cell areas now. It's printing cell areas that the top of the range with this huge aggressive buyers absorbed here. We go back inside. I learned my lesson of not being patient, you know. Of course, impatience is a killer. I learned the same lesson was considering buying. No, but you see, I don't have a green area.

So, I don't have a position of control of the buyers. I have only a speed of tape that got completely absorbed here the top. I have sellers that have the upper end on this. The Fabio of five years ago will say, "Look, let's join because bias is long. We have a breakout. Let's put a stop loss below here." And trying 10 times. Now would you say that your losses in your earlier stages shaped to who you are right now? Like oh five years Fabio would enter this and five years Fabio would lose on this and is that making you better like no we took two break even one take two take profit and three stop loss.

Okay the Fabio of five years ago will not have taken the take profit because he will wait for a retracement. So he will not join momentum and he will lose and he will take way more stop loss in this area. I will join before because I say it's a clean direction but the price you pay on big account it's worth enough to create a trial menu right to make sure that now we have a green area okay now buyers are in control this one if I ever visit here I have a long you see it's really systematic it's two models one big trades one deep effort and that's Now we have a cage that I like and I have a sell signal.

No, no. Uh I never go against the pressure. I mean I have a cage because these buyers are in control at the moment and when I see the price breaking out this one, this one disappear. So it's like you have a clear direction now. You don't have an aggressive sellers on the side and I go back in the second one. I can I can consider if I get an aggressive seller absorbed here. This is a triple A for me. is another one to 10.

This is the setup. I'm waiting another area. How is it going on? ES. I see the same thing you're seeing on ES. I see that massive sell order that now potentially lines up with your it's a huge absorption. They tested the uh they rejected on the upper area. You see it printed another area here. They are challenging this one. If this one break and I test this one, I have a setup. Okay, done. One contract I put here. Two contract I put in a discount.

Let's join this move. It's really high profit target. I hope to get filled on both the position field on the first I have to give you a bad news. I think there is the possibility that today it's not only that we don't go up, but we go back inside the range and we stop there. I think we're going to go up go up very slow. The I'm inside the long position. and it rejected amazingly on my level. But uh I know like when you take 100 setups that look all the same no per month, you know how they look.

You know that the price action catch up really fast. When you start to 20 minutes in the area, but momentum can build here. Few me only one contract. See, to me, this is moving way too slow. It's going up and down. Like zigzagging. It's up trending, but zigzagging. I agree with you. To me, that's just I'm executing a quantitative model. It's an area is based on research. It's risk. And uh the greatest risk is no risk, right?

Yeah. So now it's really warming up to me. I think your position looked beautiful. You know that the First of all, only one contract failed. It didn't test the the real source of the area. Second of all, I know how this setup works. If they engage the eye and they fail coming back down. Yeah, I'm forced to take quant decision and to remove the position because look what it did. Look as soon as I remove a position what it did.

That's good. That's active management of the position. And now you see if they really break on the downside or if it catch up, you can still take other position. So they rejected at my green area. See, for me, I would approach a day like today where when you're in a position, let's just say that position, I would have a little bit of a wider stop loss to give this a little more breathing room. You see how it's just zigzagging up and down, right?

We're the pullbacks are normal on these uptrends. So for me, if I was entering long the same time you entered long, I would personally have a little bit of a wider stop loss to adjust for these pullbacks because every single pullback, if I go to a one minute chart, right, every single pullback on a one minute chart within the past hour was bought up. In fact, every pullback since the morning open was bought up, you know, and ever since then, the market's putting in maybe not higher highs, but it's definitely putting in higher lows.

And every single pullback is an opportunity today for buyers to get filled. So, if I was trading this long, let's just say at the same entry as you were, me, I would have I know you were in one contract, wider stop u lighter position size and a wider stop loss because the dips are good opportunities for buyers to get in in and accumulate on these moves up. That's how I view it. If I was going for a bigger move, I would have a wider stop loss instead of trying to scalp this move.

That's how I would approach it. I I call it being more positioned in the market rather than scalping. You know, different conditions present conditions to scalp. Different conditions present different opportunities to be positioned in a market for me like this. I I need to be positioned until the volatility picks up. If you look at the volume, it it completely died out horizontally. It's not moving anything. It has died out.

Like I think you have the completely right idea. I know your model may not say that. You you know I I am backing what I say with a lot of execution. No, if this one gives me an area, it's a skew on the buyers. It's a control area and you see it's rejecting. But if it fail to break the eye, they come to revisit the area down. So if I have two area stacked, yes, I can take a higher risk. But if six times out of 10 it goes back to the lower area, it's not worth for me.

But you could also reenter lower as well. So you just get out right now and then maybe reenter lower. You know when I will consider a long-term position like you're saying, if we took the bottom like like that, if we took this, I will keep for all the day the position. see that I'm the opposite because in a position like that I would look to scalp it because I know that's going to be a quick increase in the volatility versus trading like this I would then do what I'm saying be more position but we we are on the value area low if we that's well from yesterday yeah yeah this one for me it's a long-term reversal if If you see this behavior of price action, you would uh stop charting.

Yeah, same. But a setup for me is above the 95s which are Yeah. Yeah. I I know what you we want to get the acceleration after the fair value surpasses because we have the imbalance reload. Yeah. Why is this? I'm going to change my profile to a two today and I'm going to show today's action with yesterday's action and see how the volume really is built, which is no good. Uh, you ever merge profile, a month profile? Mhm.

On a merge profile like Oh, yeah. Yeah. Yeah. Yeah. Yeah. My Sierra on my laptop's not set up to do that and I don't know how to do that on toos right now. But yeah, at home what I would do is I would add today's profile with yesterday's profile. Yeah, that's what I do also. Um and you know it would just be consolidated in his range. And you use the full volume or only cash session volume? I use full for this type of analysis.

You only cash session? You only use cash session? Yeah, I separate mine. I'll have two profiles. One just cash and one RTH and full session. I I run statistical model on this. Like I checked if it's more sensitive the levels on the cash session or on the full volume volume and I noticed that the area if you take only the cash session the areas are way more sensitive way more value. So if I want to have a long-term picture more inclusive of what the market is doing I use the full volume.

But if I want to have my areas to engage me too I use the cash. That's why I reset my depth of market at the market open because I need to see the set this the cash session volume profile. Mhm. I make all my analysis off that. When I'm doing higher time frame analysis, I do what you said and merge the profiles uh for the full session. But yeah, I think it the intraday session is more important. Yeah, they are engaging the top again.

Let's see if we have a nice squeeze or it's another fail. I'm telling you, this thing is going to move up, but it's just going to move up very slowly. Yeah, which is not good for us. How long have you been trading for the order flow or generally? In general the the in general it's around 10 years but remember that I started with binary options. You you know how they were a binary option. A binary option you you needed to say if the market was up or down then uh I was a really early adopter of Bitcoin even if now the Epstein email are creating a little bit of strange situation in the of the asset.

You're on the email list? No, I'm not in the on the email list. I think Ritz is there is on it. I But I noticed Jeffrey Epstein was an option trader. Was crazy. Yeah, I wrote read this email because I was curious about the model and they were like doing something with the shipping futures. Nice one. And um no, I didn't join any party. I was trading when they were partying, unfortunately. So now we're testing the highs, which is a really good sign to see.

So now what I look for is seeing if this is going to be a failed breakout or if this is going to continue. Mhm. Look at the speed of beautiful And here it goes the real movement of the day. That's good. Okay, we are reaching your favorite. Yeah. So, now we're finally here. 3 hours in. Waiting for a nice area. Um should desert the trust candle area is still not there. So now what I look for is if the market can break above it.

I like this is the real move. Yeah. I like to see now does a low volume node form? Do we accept the higher prices? How is the delta looking? That's I want to make sure that buyers are willing to buy higher prices. If the market breaks it, buyers not willing to buy higher prices, then this could be the potential of a fake out and then balance for the rest of the day on a Friday. You saw this reload. Yeah. like this aggressive sell is completely absorbed on the way down.

It's interesting that the effort is not giving me any buyers control area. No buyers control area. Look at this bit of tape. Crazy. Crazy. This one it's a reload. One, two, and three. This is the candle that hold everything for me. You have aggressive volume. You have speed of tape. See if we continue. I have a really small risk, $700 to make $4,500. And here they go back in the range. It's the type of day, my friend.

It's the type of day. As soon as your risk to reward did skew crazy on one side, you do also stock picking. You have any kind of uh portfolio long-term just Tesla. It's a Tesla. That's it. Have you ever tried to trade single stocks? I used to only trade maybe 2018 2019 options only options on the single stocks now it's amazing that they are opening futures on single stock I don't know if you saw look at this pullback from 1695 I don't touch anything when there is this control of the sellers I I don't want to to be even close to the chart but you see what I see now if you buy here okay I have a $700 650 small risk yeah it's worth a shot okay if I buy and accumulate longterm and now it reverse.

I take this kind of stop loss. Yeah, but you go with less size. No. Yeah, you go less size. But also your skew on the profit is way lower that there are always pros and cons. Going to revisit You think so? You know what uh what is really amazing for me that the top of the distribution it's empty in volume for yesterday and this is where I have the most beautiful unidirectional move. So risking small to go for an expansion Mac.

I love it how it's building. It's incredible. They they took control of the area. Feel me. I have two here and two here. They printed an area that usually bring to a a really good squeeze. Mhm. This squeeze looks different than what we've seen all day. It's It's catching up with with sustained volume. And uh all day it was So see how much it's inconsistent. One speed of tape, one rejection. Look now building consistent.

Yeah, probably this is the best setup of the day. Let's see if he can get I can get inside from a good point. on this one. I I will consider loading more. If it fill me any start, I put the first position risk free. I load another four with the initial risk. So, I'm risking the same, but I have a double exposure. Smart. Here's the high day. They are engaging and it's there when they make the good movement. I just hope they have a flash to the downside just to get filled.

Here they go. There's liquidity above on ES2 which is likely to hit. The question is if it gets eat before we get filled. Filled. Yeah. You have a position with No, no, no, no. Above 60. Yeah. When they cleanly break, we need to cleanly break. You didn't get filled, right? Unfortunately, no. It's It's moving in an amazing way. If there is a level from where it's really worth to be inside, it's when it will engage the 24,970 on NASDAQ that it's really close.

It's really close. Wow. Got fields. First one loading the speed of tape. It's amazing. The sellers are super aggressive and they are not getting filled. Get them inside the second one. Come, come, come, come, come. He needs to go a bit further. That's okay. Thank you. You guys are rebook a good trade is not what I'm saying. So you need to make a trade that is worth the ticket. When are you flying? Uh about 2 hours in two hours from now you're flying 3 hours maybe.

Nice. No four hours of time. You filled two. No, only two contract. Two contracts is two contracts. Contract is to contract but was an amazing area and I wanted four. But it's okay. You might get it here. Let's see. I don't want it to get too much because I don't only get filled. I get filled also on the exit position. But I have another one here. Another two. Don't do that. A good spike with absorption on the bottom.

The one that I like. No. You don't want. No, you don't want. You just want to go up. Sing. I don't care. What do you think? If they break this area, you see a rocket flying up. That's also what I like. Speed of tape, zero result. Price stuck inside the speed of tape of the buyers. A crazy move. So the aggression of the buyers is having a result. The aggression of the sellers is stuck inside this range. I still think they can go a little bit more down.

The volume has dried. Yes. Significantly. on NASDAQ. It's uh it's sleeping. They are breaking. They're breaking. There you go. You understand what's the model? Maybe you take some break even, some stop loss. When you print two or three areas, you are inside with six contract total and you have a skew on the risk to reward. That is crazy. It's crazy. It's too much. Okay. Back up. Down. Up. If this area breaks, I'm actually calm.

You got to fill your other two. No. And if it goes back. Oh, you risk free. Yeah, risk free. But with this dance, it will visit for sure back to phase three because also the speed of what what is giving me the confirmation to have the drift directional is when the speed of tape is catching up. Today we only have a attempt fail attempt fail attempt. The speed of the tape indicates that there's uh interest and followup in interest and followup in your in the move.

And here it goes another break even. And now you see when it takes break usually goes to the next area that is still a good area that we still can try to buy, but it's not the best condition. I you have the right idea. You know that's what it's catching up another cell area on the top. Now I don't like this one a lot but before. Do you have a model that enables you to enter or re-enter where you would normally stop out?

Like instead of entering where you want to enter, maybe enter where you would normally stop out. No, I don't have this kind of model. And you depending on the conditions, if yeah, I will if I see a good confirmation signal, I won't enter there. If I know it's a a condition that I'll get faked out on. And what I'll do is I'll enter when my stop loss would have hit if I entered that position originally. And it'll just give me a smaller risk, better reward.

Nice. But it depends on the conditions. Uh, a day like today probably would work better. You have the right idea. That's what I'm saying. It's back to the high of the day. Let's see. Because it's the fourth time that they go here and they reject again. If they print the area, I can still jump on it because if we break this level, we don't have a small movement. It's going to be a big one. Yeah, it's going to be a big so I can capitalize on the explosion.

Don't think the tighter the compression, the bigger the expansion. That's the point. And today it's only compression, right? Okay. No area. Hey, we're going to go break the high onion. Yes. Oh, you broke the high on. I don't have no I don't have a single area. So, I don't have a level to jump in. Okay, here we go. I still have only the level on the bottom. You have model to jump in when it's unidirectional. No, no, no, no, no.

I wait for a directional move. I wait for a pullback. Yeah. Yeah. We wait always for their load. This one was the final take profit of the first long that I took. This one here. So, you had the right idea. Yeah. Oh, printing another area. Here we go. But you know what? I think it's more educational for people watching this session than because in directional section it's super easy to make money this session you reason a lot.

You you didn't add any setup. You didn't took I took only the high probability setup and I'm back at break even. They can learn a lot by the reasoning process, right? Yeah. I mean, the reason I haven't taken a trade was cuz I didn't see a trade. You know, it's my my job is to not just trade cuz the market's going up or the market's going down. Another area here. It's building the delta. No. Yeah. It's building the speed of tape and 618 or 68. 68.

Nothing special. But it's uh it's presenting again my modeling direction of the trend following. I just don't see any absorption. See, in a scenario like this, what I would do is because of how clear and consistent this uptrend is, right? On a one minute chart, we see the dip, move up, dip, move up, dip, move up. What I would like to do here is wait for the 6895s to be broken, confirm that buyers are willing to lift us up, and then classic retail pattern would be a break of the downtrend line.

Let everybody get short, and then screw those shorts and then reclaim back above for a long. Yeah, it makes sense. Well, maybe I come back to Dubai until on a good trading session. Yeah, maybe we take one day with some But yesterday was perfect. Believe me, I was sitting at dinner on my phone. You You were watching. I was watching. So was buyers failed. for me. I need to observe above 6895. But there's nothing above 6895.

There there's nothing's h nothing's happening. There's no volume, nothing. No strong break. tons of liquidity above the high of the day. You know, that could be trader stop losses, that could be just this is the reason I expect them to it's also it's also the 25,000 level. So, we have a confirmation of the area. I have a super tight stop loss on this one. I have the area. I have the rejection on the area. I'm anticipating a squeeze.

Let's see if they start. If from this area they go back inside the range, my goal now my goal is protecting the account. So I'm done because I see that. Would you stop trading at that point? Yeah. Yeah. If they don't break this level and they go back inside, it's not in the model too. Maybe they break now then they reload like when the setup don't play out is because the market condition is not trending even if we are going up but it's not an expansion move.

It's still slowly building a compression compression compression compression compression compression. taking a $780 risk to make a potential 5,000 on the way up, but still back inside the range. The area is still holding. No big trades on the candle. Yeah, on the ES there's no big trades on the ES candles. The level is still good. I I still think you have the right idea, but it's just you see now if I was with a long stop loss, maybe I will lose three or four times more to get taken out by this week.

So that's the reason I'm waiting for it to reload the level and then the idea is back valid. But I need to speed of tape non-existent. Big trades non-existent. Little bit of volume we have in 1 hour at the power hour. You you understand why either I'm right fast. Yeah. or I or or I go out. That's a scalper's main objective is being right fast. If I'm right fast, good. If I'm wrong fast, it's better because I take smaller stop-loss.

But I have areas where I do what you what you say. Yeah. If I get from the low of the cash session, I don't close that trade. I run like yesterday. I took the shot from the up of the cash, I took till the Yeah. Because of volatility, an expansion, they they rejected the area. Yeah. Fed's filling. Wow. cover this one. Now it comes to the expansion They take all this heat map level and they reject everything and they go back and it goes back again.

Yeah. But I have feeling it will happen. It will happen. Here we go. Didn't fill the full contract. So now where I think risk comes important is let's just say you finally catch the move that we're trying to catch, right? Because you're not in your full position, that reward still be great, but it may not catch up to those losers. Let's just say that's the that's that's the problem, right? It's not a problem. Like when I see that the movement is not catching up, like the movement is catching up, I have a trend following model that lets me enter in all the retracements.

Okay. Oh, so you would add if this thing breaks out, you would add because now the direction is clear, right? So I would not say I traded in a choppy and I don't benefit from monetizing a directional move. That's what I'm waiting because when we have a directional move, I think we will rebalance all the void of before. Yeah. So I have even more opportunity because I use the profit of the first one to capitalize and it's momentum like maybe we took even a stop loss 1,600 the good movement make 20,000 just it's not common during the day now now they are breaking no here is going to get the expansion move right here let's see it's too fast to put my position at break even I will just reduce risk I have less than $1,000 of risk Let's see if we catch the interesting move of the day.

I have only one chart. I want to go to the rebalance level. I think it was the 25,50. No, I I have marked here. Yeah. 50. It's a really long move. Mhm. Imagine this is a fake out. If it's a fake out, I'm blessed to lose 0.0 something% of the account in a day like this because it's the worst condition that we got this week. You didn't trade any day this week. This is the first time of I opened up my computer this week.

Okay. It's building what you're saying, huh? It's building the fake out uh scenario acceleration short. Yeah, this is looking like let me check here. The area is still valid. They're coming up. They are bouncing again on the area. Now, you know why I didn't close the position? Because it engaged the eye and it broke from the range perspective. So, this is this is a sign for me of still continuation. I'm more afraid of the 25,000.

That is the level where the major liquidity is holding. See, the way I look at I know you say you have models for when it does expand and and continue. When you do have that one trade that you're right, if you don't add to a trend continuation, that one winner where you are right may not be big enough to supplement the let's say three losses or three break evens. Yeah, you know, totally agree with you. That's the reason when the movement catch up, I use the profit the compounding to the continuation.

I'm never out of the big movement of the day. Just before it happens, I load multiple times and I have break even as see that is better to do on the NASDAQ I feel like versus the ES. I on the S I think the same model will not be rewarding so much because it's more expansion, rebalance, expansion, rebalance. They are challenging the low again. Let's see what they There's our pullback. Yeah, I'm $800 on the risk on this one.

They are really close to the stop loss now. Either the area old or if it breaks, they go to the next one when they challenge again the high. If we have a thrust up and the speed of tape, I'm considering taking the the risk out of the position. They are building the short. Huh? Yeah, they are building on the area. Ah, this one accelerate lower. Just I'm too close to take it out now. So, you wouldn't take it out early?

No. No. If it's still valid the setup, I will not take it out early. You see the area failed. And now what you see usually is that they accelerate. So taking a smaller stop loss on this one for me it's worth right with a potential of re-entry reentry of the movement. You know what's the day where I lose the most amount of money? Like here when you keep entering entering. No, no, no. Is the days where I never have an expansion phase?

Like days where I have marketing consolidation challenging the breakout of the eye failing 20 times in a day. This is the day where I accumulate position, but I never monetize them. Right. Right. You're protecting yourself. My worst days are days like this where I'll try to catch this long three times, four times, five times and it's almost unsuccessful and I'm just completely wrong on the analysis. I still think I'm right on the analysis of the See, what's interesting is Yeah, you're right on the analysis still.

You're longing the market in the uptrend. It's not like you're shorting it and going against it every single time. But two the two because you say if you enter with low risk and you have a bigger stop-loss, you will be right more time. It's right. But if I can enter heavy sizer, okay, when I have a AAA confirmation with a really high risk-to-reward, maybe I take less position that are successful during the day, but at the profit and loss of the day, I have the good days that are 25 sessions.

So it's like I noticed that in the months five to six session make 70% of 100%. 100%. There's somebody I know that five days out of the year makes his whole year and everything else is just a wallet pattern, you know, like like a direction like yesterday. It's a monthly profit maker thing. Exactly. Exactly. But it's it's an outlier, right? It's not a daily occurrence. Yeah. I don't know, Fabio. It's going back inside.

I'm happy that I took out the position early. Yeah. This is a tree where you're happy that you're wrong, right? Yeah. You're happy that you're wrong fast. Yeah. For the past two hours, it's done absolutely nothing but move up in a slow slow way. That's the price to pay. It's like the commission you pay to play. No. Yeah. It's your entry. This one. This one for me is one hour. Yeah. Like the the risk that I take per position is $2,500.

What I know is going to happen is the move is going to happen later in an hour and for me if I'm back home at 1:00 there's no way I'm trading this. No no no way I'll set alerts if the volatility expands the speed the speed of the tape goes up. Mhm. Yeah. I will try to engage in one hour and only if I see this high broken. Right. Me too. The setup can still come. Uh what's it if you want just kind of uh what we was saying earlier maybe just wrap up with you key mistakes you notice traders make especially during maybe a session like today sir um and then you know key things that allow you to read the order like you had it you want to start so I feel like a day like today yeah you could easily just take 20 trades and just lose on them all.

Yeah. And I feel like I don't know, you know, the move may come. I just think that transacting in this range and in this manner with how we trade at this point is not really appropriate. And I think the difference between it's compressing. Yeah, it's compressing way too much. And I think the biggest difference, right, between someone that will have success on a day like today versus someone that may struggle on a day like today is the ability to sit on your hands, like you said earlier. and the ability to say, "Hey, listen.

The market's moving up. We're in an uptrend, but do I really see a a setup or do I really see a pattern?" And it's human nature for us to always want to engage and just transact and open up a position because we see green and red on our screens. Yeah. And I think it's important knowing when not to trade. And I feel like the better move for me where not really seeing a good setup other than the first 10 minutes of the market moving down is sitting on your hands and and accepting that you don't have to trade every single day or don't have to trade every single move.

The money is made by waiting. I agree with you. The money's made by sitting on your hands. And the way I look at it is in terms of like ammo. And I want to deploy all my ammo when the target's clear in front of my face. And if I deploy my ammo when nothing is super clear or I really can't understand it or can't read it, then I'm not going to have any ammo remaining when a clear target is in front of me. Yeah. And I feel like today, you know what, you could have deployed all your ammo and when maybe really something occurs, you have no more ammo to deploy.

Yeah. And that means in terms of your account, maybe you could have taken a huge hit. You did really well protecting yourself right now. And in this case, uh you have a maximum draw down for the day. Like if it goes if you if you see that the model is not respecting but you have another opportunity but you are at you have a maximum loss for the day you're just you you continue to execute till you have opportunities. Yeah.

So some of my worst days would be me trying to short this move right now. Let's just say it was a level of resistance and I kept going against the trend trying to short it short it short it short it. So what I do to protect myself is I have a three loss rule. If I take three trades in a row with the same analysis, with the same level, with the same level, same analysis. Usually, I'm just completely wrong about that idea.

Mhm. And I try to shut down. There's days where I'll take four trades, five trades, and go against that rule, and those are my biggest losing days. Mhm. Um, but I do that to protect myself because sometimes I get emotional where I'm trying to catch this move. See the speed of the tape picking up or no? He gave me the area like this one this one it's a long but uh I'm not taking it because you you see that the behavior of the price is is changing.

We have an expansion and now we are closing the same compression for the last 30 minutes. It's not it's not common on the NASDAQ is not giving me an edge and um on on this on this topic that we were talking about. I think in trading you need to pick your fight. You need to understand if you are a directional trader, if you are a min reverting trader and the the thing that you need to understand is that you need to click only when you know that in the long term you have a net.

If you are if you you are able to keep your losing day concentrated with one, two, three hour maximum and you are able to detach yourself when the the market is not rewarding you and you have a trend following model. It's important that you understand that the market will not pay you out the majority of the days in profit. And if you have a mean reverting or low risk-to-reward model 1 one to 1.5, it's important that you understand that you cannot afford a revenge trading or taking your stop loss a little bit lower because you want to be right because you will see a skew that goes lower to one to one.

Please toward that. That's exactly what I don't take. I don't take one to one, right? So this is the biggest ad and were the errors that I was doing in the beginning and also not having a fixed loss for the day like I I have a really clean fix. So you have a daily draw down. I have a 4hour stop. 4 hour stop. What's a 1 hour? If I if I close 10,000. Okay. Uh that is four shot of one hour that is $2,500. I'm out. So 1 R is at $2,500.

Yes. So would you say about your average losing trade that if it hits your stop loss without you adjusting your management is around 2500 bucks? Yes. Yes. The maximum lose I can take each one and the exposure that I take when I have a directional move is 2500. So let's say that I took four contract here. Okay, it start to go. I have my position at zero. It start to go. I take other position to bring the risk to $2,500 always one hour.

When I have the explosion, I get paid out on all the accumulation that I did during the day. Right? Today there was all the movements that were invalidated by the next one. You see, we don't have any stock in green. Like I built here, I built here and they get taken out here. I build here, I build here, and I taken out here. So you don't have a directional. Now, would an argument be then would be the model adjustment on a day like today we're having compression maybe to not adjust your stop-loss.

Would that be an argument to this point where maybe you have the right analysis because you entered you entered here earlier. You entered here earlier. So you had that original entry point. You would be up significantly right now. Yeah. And the point is that it's easy to say after the session that it was a compression day, but I cannot predict if after this move we get so I want to lo size and that's where risk comes in.

You have to take the risk. You never know. Like you need to decide your fight. If I want to have a super high win rate, I will be really relaxed, low contract size and let it run. I would have more profitable days, but I will not have days of 10 hour, 20 hour. And do you think traders have the capability like at least beginner traders have the capability of having that right that mindset or do you think that's a tough adjustment for a lot of inexperienced traders?

It's an adjustment that you need to do when you understand how the model works. Like that's that's the reason I never advise to go live. I advise always to have a virtual account to practice for at least 90 days. Keeping the same risk management. I'm not saying that you need to keep the same execution model, but keep your risk stable for 90 days. Mhm. And also I don't have the same risk for each setup. Like if we were interesting the cash session low, I know that I can take higher stop-loss.

So I can let the market breathe a little bit more and I don't need to load while it goes up. I load everything below the cash session. Okay. But I give more room for move. So would you make your position size lower? Would you keep your position size the same? The same. But always $2,500. But to explain you that I don't t when the market goes up, I load there and when it close inside the value area low, I run all the way up to the value.

I think that's a big point because a lot what I see and what I do is I standardize my risk like you. I keep it $2,500. Mine's around the same amount. A lot of traders would have $2,500 then $5,000 or then $10,000 risk. A day like this, I will be closing $20,000 negative. Right. Yeah. So standardizing your risk, I think, is important for for traders to protect themselves on the days like today where they're completely wrong and any other day where they're just wrong.

Now we're moving back into the range. It was a good decision to not engage this long. I think this market condition will not change. It's Friday. On Monday, the market is closed. We had the CPI. It's not catching up in a directional phase. I think we should accept I should accept the losses. He did a great job and not engaging any setup. You're going to have some people that say, "Fabio, you shouldn't have traded seven times like you did." And you're going to have some people that say, "Carmine, why'd you sit there and not make any trades?" Yeah, I I imagine I imagine the comments.

Okay. Ah, Carmine didn't took any live setup. He didn't want to take the risk. Fabio took too many setup. But it's easy to say after like they don't know how this skew of the profit. For example, yesterday I was live trading. Okay, I was live trading with the community and we did 17,000 loading small position. But why? Because the market was in the correct. So I can take more risk when the market takes me right. And that's the reason I have a rule.

You notice that as I go into down my exposure gets lower because the market is telling me your model is not working. Why I should do Martinale or why I should increase my position size or why I should risk the same amount. Okay. When I'm right, it means that the market is explosive. So, makes sense to add additional beef because I'm right on this and I try during the years multiple way of managing risk and this is what works for me.

I think every trader should develop his own personality because we are all different. The trading model can be the same for everyone if you approach order flow. But then it comes to risk tolerance. I'm really okay with having small days of reds waiting for the big run of the week, but there are people that want small wins, consistent, and only one day that maybe lose a little bit more, but they don't see floating in the equity curve that goes too much.

I think this comes to personal preference, right? Yeah. I mean, that goes back to your risk of reward and making sure that your trade has risk reward, but look at this. It's moving back. Yeah. This is the first and I told you from when we were up it plot another level of NASDAQ effort the level are not holding we are in compression and usually that's what I want to say when you have an area that don't get revisit usually you have other you see this one failed this one failed and this one failed no they go back here okay and then maybe they starting well they have to pick up liquidity they have to sell it off attract that's the point it's it's an accumulation and distribution phase so in In the correct scenario, if I see this one failing, I will not engage in this middle.

I will wait for this one. But if we were above, are you mad at any of the trades you took? Those are all good trades. No, I think they are all in excellent trades, right? In the in the risk management that I took, they are all amazing trades in your model. In my model, like consider that the breakout phase that we took was a 1,000 risk to make 11,000. It reached the final target. What's my error? adjusting the stop- loss in profit too fast.

I can be mad at myself for not told you that the second not not letting the price breathe because letting it breathe. That's a good for example if an area is right. Okay, I consider the area invalidated when I have a close. Okay, but sometimes it tws down a reject. This is the situation where my model is not working. Okay. The position that paid out for the loss that we took was this position here that stuck. You see it's stuck the NASDAQ effort.

Okay. We monetize this one. We make the 2,300 back. Okay. And then when it fail, if this get gets building up and you have this when you have a clean breakout, you can have 20 stacked areas here and it let me load 20 contracts. 20 contracts can give me a session of 50,000 massive yeah today we didn't have the condition yesterday different you know when we had this is the example of the market behavior where I make a lot of money right your expansion expansion okay okay and I was expecting an expansion up so it's my error like the target was right but I did an error in a market condition because if the model is right but the regime is expansion retracement expansion retracement my model doesn't Yeah.

Yeah. See, I'm not mad that I didn't take any trades because I'm actually happy. I consider that a win that I didn't force anything. Yeah, I agree. I didn't see anything. I agree with you. The beginning that few that would have been beautiful. Yeah. It would have been gone so fast. What was it like trading live next to another trader? It's good. I I only suffer from having only one screen because at the setup at home I have uh ultra wide and two and I can like here I need to have on the same screen the NASDAQ for the profile that I I get really slow at executing.

Yeah, I think it's very almost impossible for a scalper. This is really important and with a trackpad it's the same stuff that I suffered the the other time. But I think for sure I will be really honest with this even if I add on my setup I will still be at the same result because there is no setup that I didn't miss for not being fast but there are setup that I just miss in position management. So maybe I would have lost 1,500 but this one for me there is no way would have been a positive day.

I would agree. I would agree on that. It's hard to trade from a laptop. Truthfully, a lot of traders always say, "Oh, you know, travel trading from a laptop." But with the way that we trade and the frequency and how fast it is, it's doesn't work. It doesn't work. Especially with a trackpad and then, you know, going back and forth between applications. Yeah. You are slow. It's too slow. That that 23 second delay is and today we are in compression.

If we were in an expansion day, this can make a 34,000 difference. Like that trade at the low of the day that I was watching, it happened in 30 seconds. and being able to have to go back and forth between two different applications difficult is different in in 10 seconds excuse my risk of reward that may sound silly and like you know an excuse but no no no it's not an excuse when you come to New York we come to my house in my studio and you have two widecreen monitors there amazing let's do it what was it like trading next to each other it's nice we treat really similar rates like I just have more high frequency because if my model presents I don't overthink about it.

You have really specific setup and if the condition doesn't align, it's uh I really like the way it trades. I think it's more high probability setup. Better to be out. I like this approach. Uh and uh I think our execution is not so different just I I you a different management system. Trade management different trade management system but the execution and what we wait is the same. It's the same thing. Sometimes I'll take trades and watch your stories and stuff and we take I mean the same time about Yeah.

And it's crazy how some stuff that I'm seeing on the S&P you also see in a different like visual like visualization on there use the same logic. So it was good in the studios today. Do you think you would have taken the same trades or is it something you would have like someone will be covering say no I would have tra different I would have take the same exact trades. Okay, maybe I would wait still the power hour to see if we have an expansion.

So I will not finish the session now. Now I need to pack the bag, go home because what they are building at the moment for me it's an accumulation. Okay, this thing is going to explode. This thing is going to explode and I I know that I can monetize and not only make the money back, but I can make a huge reward on this. But I will not be home probably because this will happen as always when I'm in the car. Let's see if I do something else for the day.

I will share with you the recording so people can also how I managing the power hour. But as of now the price action is really garbage and uh but no I my my result would have been exactly the same at I would agree. Just a final words of like uh wisdom wisdom or the message to the to the audience at home after watching this you the key lessons you like to share if you will from this session. You just do it down each of your cameras.

So yours it'll be opposite which one I should be watching this one. Okay. And then this one. So today you have you had a live trading that is really transparent on how I manage my trade. I took a hit today and I'm happy that you can see also how I manage the position in a day where I don't get paid out. And this is exactly the setup that I would have taken live with the community or by myself. And each single setup, if you notice, it's always based on an execution trigger.

So I have a bias system. I have an execution model that can be the NASDAQ effort on the big trades. And I have trade management that it's always the same. What's the difference? The difference is the is in the price behavior of the day. Today we had a compression upward range. And this one is the days where I give back money to the market. And I would expect the regime for the day of yesterday, but I will still have traded today.

So this is how I engage the market. I hope you like it. And this is the confirmation method I use. I'm really happy to see that other professional trader use the same execution method. I will wait for the late session to see if we have a catch up movement on the top. But for now, I'm done till we don't engage the top. and they leave the word to carine to see what he thinks. Yeah, I mean I agree completely. I mean, I think the biggest thing, and you you guys all saw it in in my trading today, even Fabios, is that sitting on your hands is important, like knowing when not to trade.

And we could see sit here and say that I wasted four hours, 5 hours of not placing any trade and doing all this analysis. But for me, that's a win and showing that I could be disciplined enough that when the market's open and me creating all these plans and all this analysis, to me not to act on it if I don't see any signal or any execution that my system provides, right? It's I'm trading my system. When I look at the charts and I I'm observing price action, I'm locating my trading setups and I'm not trying to create setups.

I'm not trying to force things. I'm looking for my patterns that are repeatable that when I see it, I know to act and put risk on. And yeah, it stinks sitting here for 4 hours and watching Fabio have some great setups and some trades that he went to scratch on and seeing him be active on it and maybe me not being any active on it, but having the analysis is one part of it and executing is the second part of it. and without each other coming together, it's not a valid trade to, you know, have on.

So for me, I look at a day like today with no trades is a win. Um because it would have been a loss, not only on a monetary loss, me losing money, but also a loss, be not being able to control myself in terms of my discipline. So I look at not taking a setup and winning on my discipline as a as a as a win in my trading as well. And I'm grateful to share with Fabio, too, because amazing session, brother. It was it was a good session and you know I definitely learned from you and I'm sure there's things that we both look at that are so identical you know and maybe on another session I was telling RZ this before that I'll look at your trades and I'll take the same trade that you take on the S&P that you did on the NASDAQ off a very similar analysis but a completely different type of indicator that you use and that's the beauty of the market is that there's no right way to do it.

It's just your way and finding your way is important and sticking with your way and not letting anything deviate you away from that. I agree with you. Good session.