You can read the transcript below or watch the recording of the Q&A session.

This is pretty much an open forum for people to ask questions about the custom studies. I know we have a lot of folks that probably are not subscribers here and are just looking to learn things. ask questions if, you’ve seen posts from me on Twitter and are wondering what some of the things that I use are, ask.

I don’t think we have a ton of questions. Maybe people will hop on they’ll have, of questions that maybe they didn’t want to submit, and a websites. started with those if people have questions. At any point, I can just ask them in this livestream, text chat.

Just pulling up the questions.

So here we go. Again, just two questions that people submitted. first one, which is around the Joba pinch and just understanding when to enter into a trade. does the pinch specifically mean? So I’ll bring over the chart for the pinch onto the screen here.

and I actually use it over three different timeframes. So I’ll bring over the other two timeframes that I use. first chart that we have here on the left is a 5,000 trade chart. North, sorry, a 1000 trade chart on the left. The one that I’m bringing over is the 5,000 trade chart.

Okay. And then the last one, which is the 20,000 trade chart.

So I actually have a video on the website. If you’re a subscriber that teaches you this set up, I go through a few different examples on how to trade the setup. talking about the pinch itself. it looks like is backgrounds, here. charts are in sync.

Oh shit. I don’t have them sinked up right now. Let me just go ahead and change this real quick to for.

All right. So now they’re all in sync. As I scroll around. Joel pinch a study that I didn’t come up with. It was somebody else, to call Jabo, that’s not his real name, but that’s what he goes by. I’m on Twitter. And he came up with trading strategy, which essentially, identifies setups that where the markets really oversold and.

He really only trades it to go long, but you can, if you invert the chart and do a few other tricks, you can turn it around to look for shorts. So I will, we’ll just talk about the long scenario here. the job will pinch is just, backgrounds. the study itself identifies again, oversold conditions, and then.

identifying these, the right conditions, they’ll start painting red backgrounds. I know I have these other little squares on the chart, which will probably be just removed because just add a lot of it. No worries. don’t have the the moving average, which is this blue line, but, focus on these backgrounds, the red background is.

It’s telling you that the, that we’re now pinching, it’s identifying this oversold condition. And then once the background paints, to yellow state and then a green state. And then the green state is essentially when the study tells you to go along. So this is a very great, like easy study for people to start out with and trade.

The reason why bring these three different timeframes is because, best, setups for the pinch occur when you have this confluence of three different timeframes or more, right? like to use the 1000 tree chart, 5,000 tree chart, which is right in the middle and then the 20,000 trade chart.

And ideally you want to identify when all three timeframes are in this state a pinch, I’m going to show if we can find. a good example, usually on this 20,000 trade charts. So if fortunately I have the volume profile here, let me just hide it. So it’s not in the way. All right. So say pinching right through here.

And we were aware that the 20,000 trade charts pinching, we’re waiting for the pinch to also occur on the 5,000 trade chart and on the 1000 trade chart. And the idea here is. That you’re trading off of the larger timeframes, but your entry is on the shortest timeframe. for the 1000 trait to start painting green.

And then that is your time go long. So you go along somewhere candle, zoom in a little bit. So it’s more, easier bat and blue, I’m sorry, green background, sir. Just go along on this candle and then you put your stop on this swing low. case say you got the worst possible fill at the very top of this green candle.

Your stop would be about four points and we’re looking at the . I’m sure that’s what most people trade that are joining here. And work worked out, but other chances that. Say this blue, the bar used to be a green bar. So this is a failed pinch. You go long at some point in time in this green candle.

So you get the worst possible fill again, you put your stop down here and you probably lost about four points, again, five points in this case. So yeah, again, another set up around the corner. Where the pinch will release and then price will just continue to go up.

five points the first time you try again, and then this time it works. And count how many points we have here, but I’m sure for a long time. Not that necessarily you would hold it for them that entire time, but the point is that you would make money on this trade and the previous loss would have just been a wash.

All right. So hopefully that explains the pinch. part, at least high level, if you have more questions, just feel free ask them. I use it also in conjunction with the linear regression study that I created. looking 5,000 trade chart because 1000 is a very short timeframe, 20 thousands, very large timeframe.

So I like the 5,000 trade chart and I look at the linear regression from all three, all in one chart with. The pinch of the 5,000 trade chart. And again, the best conditions are where all timeframes are severely oversold. The pinch has detected it. And also linear regression has it.

case, I think the really oversold, of linear regression 1000 trade chart. I think these were these other two were. We’re just a little bit away their mean. leave it at that. Hopefully that helps. Let me just check on questions here.

Yeah. The video is recorded as long as everything goes. be posting it on YouTube at some point in time. Awesome.

Yeah. So Dom, about these linear regression. obviously CRS ships with its own linear regression. fact, we can just draw it on the chart here. So if we go tools, God, I forget exactly which one it is. retracements maybe do a linear regression right here. So here we go. So the linear regression that ships a Sierra is this, and it only gives you standard deviation. change it to the first, second or third or whatever you want, but if you want to see all three standard deviations together, you have to add three versions of this study.

What the Sierra charts study also, doesn’t give you by default, is this historical view of what the linear regression looked like as price was moving over time. only really see very latest information which is right here. So you can see price is close or at least halfway to. standard deviation, side, right?

Like one. So it’s about halfway there. Maybe just eyeballing it negative 0.5. a real difference is that I created this study that you can see the historical, regression and you can see multiple linear regressions all in one view. And the nice thing is that you can also overlay this bottom chart.

Onto other charts. So you can just copy it over here. And this is really how I use it. I, one of my favorite setups, which is actually pretty hard to trade, But if they’re, if the market’s really oversold or overbought, you’ll find these conditions where let me just go right over here.

Oh, and actually 1000 trade chart doesn’t have enough data. So let’s see. Let’s just do 60 days. Cause you can see lot of empty over here. back, let’s see if we can find a good setup here. So we obviously sold a lot through here. Actually my 5,000 trade chart also doesn’t have a lot enough data like that, like the 20,000 trade chart.

But so the point that I’m trying to make is that you want to find these scenarios where all three are close to either negative three. So the third standard deviation or positive three, and the, these conditions are where the market is. Highly overbought or highly oversold. And that’s, what’s going to create a good opportunity for you to enter into a trade.

And this is just a simple mean reversion trade. like to use it. charts load, So I can setup here, but I got all these market depth files that it’s going to go through and load.

Okay. And then I got the tick. It’s a pretty heavy chart that I have here. Alright, let’s try this again. Okay. pretty much, what I’m looking for is The 1000 trade chart is below its second center deviation. Ideally the 5,000 trade chart would also be below its second standard deviation and then the 20,000 trade chart as well.

website, I actually found like a good this happens because doesn’t happen very often. You’ll sometimes get this opportunity about once a month. two or three times. It just depends, but you have to too. always trade setups because there’s such good risk reward scenarios, but they’re hard to trade because you’ll often, little bit of heat.

times you can trade it, which was just a lot easier where looking, potentially had just one timeframe and, highly overbought potentially. didn’t get to the third standard deviation, but when they do, just want to look for this reason of the linear regression and potentially another reason, else that you have in your trading arsenal, right?

Maybe it had a level whatever. And then you’d want to go in with a short, hopefully that explains the Dom.

So is this indicator like a linear regression on historical linear regression? Yes. Yeah. you the historical linear regression, which is what I was explaining that you don’t get with Sierra’s, out of the box.

targets for the pinch in terms of where to take profits. don’t right. I think it just depends on the type of timeframe that you’re trading. So the setup that I was giving you guys earlier, where you have all three pinches pinching, right from the three different timeframes, you’re essentially trading one of the higher timeframes.

You’re only using the shortest timeframe to get into the trade and to set your stop. And then you’re looking at the other two timeframes for, larger move, essentially, because you’re the shorter timeframe is going to have a lot of swings up and down and you simply just don’t want to focus on that shorter timeframe.

example, if we go back to this one that we were talking about earlier, That happened on the Thursday overnight session. looking at the chart on the right. This blue background means that it’s the overnight session. That’s just how I have my truck figured. And we were pinching on the 20,000 trade charts.

super early in the morning, didn’t trade this, but if this would have been during the regular trading session, I probably would have tried this long right here. Would’ve gotten stopped out, maybe minus five points, maybe less. And then I would have tried again. I take this trade in, I set my stop.

And what I like to do is I just stopped looking at the shortest timeframe because what will often happen? went pretty much straight up, but sometimes it’ll come up and down and up and down and up and down, and then they’ll finally make the move that I wanted to make. But in that time, it shakes me out and then the move happens.

So what I prefer to do is I just close. I just minimize this chart. I don’t look at it again. And then now I’m only looking at the two higher timeframes, and if you’re looking at these two higher timeframes, you probably got in somewhere way down here. now you’re just seeing the candles built higher and higher.

So just keeping you in the trade and. And what I do is I also look at the reconstructed tape to make sure that there’s still buyers buying the market. So it’s a constant, observation, right? You have to make sure that there’s going to be continuation and I’m giving you the stop of just using the low.

But if you’re looking at the order flow, it really helps you determine if you want to stay in the trade or not. I hope that helps.


Yes. Ming definitely wait for the shortest timeframe to go green, to enter into the trade. I think once you’re comfortable with bench and with order flow, then you can start front running it, but. It’s just so much simpler let the algorithm of the study, tell you when to get in. optimized it so much so that it tries to tell you as early as possible and whenever it’s as safe as possible to get into the trade.

All right. So let’s go back here. We got a few more questions. we answered this one on the pinch and I think somebody else submitted this other question. So what is the best way to use the Delta divergence indicator on the footprint chart? Hey, let me just bring over my footprint.

My footprint’s really busy, so know how helpful this will be. It always feels like when you’re looking at somebody else’s chart book, it looks like an alien spaceship command control center. So let me see if I can just clean this up a little bit. Otherwise I don’t think anybody’s going to get anything out of this.

Let’s see how this looks.

Alright. lot of drawings that come from other charts that get placed on this chart. It would just take me a longer remove them. just look at it. Doesn’t really matter that it’s a footprint, right? The divergence detector for Delta, all it really needs is. The open high, low close of price and the open high, low, of Delta.

And we have Delta down here in this chart or in the sub graph down here and we have price up here. So I’m zoomed out nuances or things about the footprint are completely irrelevant. For how that divergence detector works. So the divergent detector is plotting these arrows, these green arrows.

And then there’s these red arrows over here. You can see, but there’s also other times where it just doesn’t work. If I scroll over to the right here, I saw a few examples. here, it’s. Price just continues going down and you lose money if you’re trading this. Of course, the closing period of the day for Friday.

So I often, I think the closing 30 minutes, it’s just all the rules that you know about the market are just gone out the window and anything can happen. So if we just scroll back a little bit earlier in the day, there’s some pretty good setups right here. And the way that I like to trade the divergence detector is by entering into the trade.

After the candle closes where the divergence plotted, I front run it in terms of not waiting for the candle to close. So if we look at this example right here, you would wait for this candle to close and then this new candle to start forming and. And then you would enter long into the trade and then you put your stop again on the swing low.

I just like to tell people to just use the swing low or swing high, because it’s very simple. You don’t need to think about it very hard. Once we start getting comfortable with order flow, then you can start exiting the trade earlier or entering to the trade earlier as well. Alright, think as an for this candle right here, like if you would have entered on the opening of this candle, you would have put your stop right here and then you get stopped out.

It happens again, and then you make money. So again, study is trying to, I think over time, if you are playing trades. Cause these are essentially trade entries, right? They’re trade signals. And if you’re trading them over time and over time, really going to get comfortable as to which ones you should take and which ones you shouldn’t take.

I mistake all the time that ones that I probably shouldn’t take, but over time I found these to be profitable for me. me just go back to this question to make sure. I feel like I answered this question. I don’t know if there’s more to this question that anybody wants to ask.

indicating the stars are exhaustions so

yeah, we have one. We have one right here in here there they often happen whenever stops get hit. And it’s actually, I found this to work a lot previously and still does, but, works a lot better when you see two exhaustions back to back or within a few candles, and that’s essentially how I’m trained them nowadays.

Whenever you just see one eye I’m aware of it. And I just wait to see if I see another one. So let me just scroll back, see if we see a few different ones. So these ones are back other. tour are as well. happens in the market is that you get stops.

I get hit, it runs through a few through few prices on the book. But then no other trades really happened on the other side. if buyer, if sellers get stopped out, you’re going to get a bunch of buys right. At the very top. And usually you want to trade these exhaustions at the extremes. They don’t really mean much to me range right here this top to this bottom area.

So these two, I would just ignore, even though the second one. out well as a short, I just would have ignored it. What I like to see is the exhaustion’s happen at extremes. And that’s when I like to get in long. So the green one would indicate to go along and then the red went to go short and usually the way that the market works, it’s just, stops and quite often you also get a reversal.

So that’s the mechanics behind it.

How do I know when stops get hit? know for sure, but if we zoom in and you can see it here and you can also see it on the tape.

how at this top right here, you only have contracts trading on one side. I’ll zoom in a little more.

So you have only contracts trading on the right side. And then on the bottom, you’ll have only contracts trading on the left side. That’s usually a pretty good indication that stops were hit and that was it. Nobody else got an opportunity to trade on the other side of the market.

And often I’ll just move this and go to this timeframe on the tape.

So you can just minimize this. I think the market’s opening now.

So if we look at the tape, ah, let’s see.

where we’re opening.

we’ll look at that in just a second. So

So this is there. There’s actually like a little star right above here. I’m on my footprint. But if we’re looking at the tape,

I think the star actually plotted right here and you can see, just how stops typically look on the tape. You’ll get bubbles that go from a larger size to smaller size and smaller size. And they usually come group. So this to me is what I would think of as stops getting hit.

It could also just be buyers buying at the top, hoping to PR push PR, to push price higher, but likely what’s happening. It’s just that somebody had stomps from this little range in this area, and then they just hit the stops. And likely they just triggered other stops. that makes sense.

Let’s see what the market looks like right now.

right here, yes. Tape on the top, left the reconstructed tape. on the right is also as, but it’s looking at shorter timeframe or it’s not short timeframe, but shorter, contracts, or it looks from contracts. I want to say one, lots to 34 lots. And then the one on the right looks at 34, lots and higher.

And then we have the NQ tape bottom left and the Russell tape on the bottom. watch this minute here.

nuance right away is that you have to, large cell by itself is interesting. more interesting is that another one came, this is pretty large size for overnight. So in my mind, I would be thinking the auction is going to be lower. It may trade higher as it is right now.

order happened down here at around 51 or 52. And now we’re trading at 54 55. players throw a market order or 400 contracts into the market. Can handle some heat. So in my mind, I’m looking to likely get shored. I’d still be observing order flowing and seeing if buyers are coming in.

But we saw, we see a sell order also at the very beginning. So there were more sellers than buyers at the very beginning, and in Q and E S. And then we saw another player come in with large order flow, on E S we saw a little bit MQ. So I’d be looking to get short and for the auction to be lower

on the smaller tape, you can see some, I don’t know if it’s an iceberg order right here. You saw a lot of sellers in prices, not moving. You’re also seeing it on the other side too, which is interesting

right here. Buyers broke a few ticks seller. Still can’t get it through this little zone. 54.

and you can see that some large cells not large, but one is because it’s 100, a hundred lots alert just looks small compared to this one, but obviously a hundred lots is good size and you have a 60 and a 74, but it’s getting absorbed at that level. So now if I’m sure we’re looking to get short.

I may want to take a pause and see what happens after we cross that level

or potentially let price float up more, then get short with the expectation that we would try again, that shorts would try again and get through 54. I don’t know if this is 54 or 53 75. Five. Yeah, just 54. Alright. We’ll get back market. I just want to get some more questions. to go through the questions on the website first, and a, and then I’ll get back to discord.

So answer that question. Let’s talk about this one. question, terms of how you enter trades using the market profile and the footprint, gonna just table this one and maybe answer it towards the end because it’s not related to the custom studies. just leave that one here for now. I’ll Mark these other two as answered.

And the first one, do you have detailed demos on how to read the profile chart and footprint? Same question, same type of question. have I don’t have that because these custom studies. 15 custom studies that you can use and set up and Sierra charts. That’s what I have videos on.

I don’t have videos on teaching you how to trade anything else. day get there, but that’s just right now.

okay. So now I’m just looking through discord, seeing the questions that people have asked there.

Dom. So what are the standard settings for the reconstructed tape itself on Sierra or is it only available with the study that I built? What you’re seeing right now, you can not set up by yourself on Sierra chart. You have to use a custom study. to do it, right? Like usually the regular tape looks something like this and that’s all you can get.

Sierra chart does have a quote unquote reconstruction. Remember how to show it up? Oh yeah. It’s this dropdown. So that they’ll allow you to combine records, but it’s not the same thing because they’ll only combine them at the same price or same type, but there’s a lot of nuances to combining them correctly.

And also in my, even they worked exactly the same as my custom study, which would be fine and great for people. What you’re not getting is the visualization it in a chart. just see the combined traits trades in this regular view for the time and sales versus this bubble chart that has the lines and other stuff that I’ve added.

So just going back to this, cool to see. It’d be great to see some seller stepping in. We’re seeing some sellers, but. it like buyers are just pushing them now. And potentially I think if we get above the high or like the open, essentially right here, we’re going to, we could potentially start seeing a short squeeze.

We saw the iceberg order and then just sellers couldn’t push it any further down. They tried again, you can see the iceberg order.

You can see the iceberg order right here. to, they try it and then they just ran out of bullets and then no price went up, happens. And that’s why you have to be careful if targeting on an attack and through the iceberg orders. Because especially as a short, I love playing this on the other side.

If I see an iceberg order I’m in, on the offer, just because I don’t know, the bulls tend to always win.

And yeah, what would be interesting right now? I start seeing some sell orders, some sell order flow to try again and try and attack little area. Once we get through it, which we will eventually at some point in time tonight, interesting is using that level as an over, under line in the sand.

That’s usually what I’ll do with iceberg orders. All right. Next question.

A trader nine on how to set up the reconstructive tape again, it’s just a custom study that I built. You can get through my website. do it with just your truck by itself.

Can I please go over the RSI divergence? Ming, I saw this last week. It worked very good. So RSI divergence. I typically like to play this on the one minute chart. But I don’t often play. It’s not really a setup look for and try to play often. bring over one, my one minute chart here, Alison need to clean it up because it’s got a ton of studies.

Give me just a minute.

what just happened to my chart.

what’s happening here.

Oh, it’s because of another study.

I know what it is. I just don’t have enough time to go in and fix it.

I why that’s barking and why this is happening. I guess it doesn’t matter. I think I do know that issue. I just don’t want to, it’ll just take too long to fix it. RSI divergence. So this is the one minute chart. Ming the way that I would play, this is just like the juggle pinch.

You see the alerts, you either decide to go with it on the candle that it paints, right? So this red or green or these ones, or you wait for the next candle. And again, this is not, I prefer to play the Delta divergence. Some people like the RSI or the Mike D the Mac D just happens less, but the RSI happens quite often.

thing. You would, you enter into a trade on the next candle. That’s the safest playing. You put your stop at the low and the previous low three points and in either works out or it doesn’t. simple, alert is coming through. It’s the study’s telling you.

There’s an audible alert that can make a little ding on your computer, a little sound. So you know, to pay attention to it. You wait for the next candle to open up. You go long, you put your stop and then you’re done, wait for. A time where you want to take profits. Same thing here you wait, you enter short, you put your stop right here.

You don’t get stopped out and then it works out. And then these ones you get stopped out, a times two points on that one, almost two points on that one as well. So how it’s gonna work out. You can use order flow in conjunction with this. I would use it.

know that the alert is plotting. I would be looking at the tape. I’d be looking and waiting for the new candle to start forming. And then that’s, what’s going to make me want to enter into the trade or not, especially if I’m seeing buyers or sellers stepping into the market. as this new candle starts forming, I want to start seeing buyers in the tape.

I just closed little tape, start seeing, Oh, just scroll over to the right. Swipe the lows. Oh, let’s see if we can find a good example.

These are not great because it’s towards the end of the day. Just scroll over to the right.

Okay. So say you got the Delta diet or the RSI divergence. One of these candles over here on the one minute timeframe. What I would want to see is buyers like this stepping in and that’s, what’s gonna make me want to go long. If instead you start seeing seller sellers, like in this little area, I’m just going to hold off and wait.


All right, let’s see. Next question.

which Delta am I using? I’m looking at pretty sure I have uptick downtick but let me just be sure of that.

Yeah. So come Delta uptick. Downtick volume

forever. I’m not sure what question you’re asking regarding the DBP tool. I don’t even know what that means. Delta volume profile.

Yeah. Fervor, if you can ask your question. Okay. You’re typing now. Delta volume profile. Okay. Delta million profiles.

char question. get to it at the end for,

I do know the answer, but I’ll get to at the end.

Dom. Yeah. bring the time in sales up so that you can see what it looks like tape here.

yeah. So see, seller’s got through this level I talked about a minute ago. I what happened to my other little chart. Let me just duplicate this chart. And we’ll bring that little guy back up. I love that small chart.

I don’t know why I was acting weird. So doing from two contracts all the way up to 34. So I like to set it up and then I’m going to remove all these other ones.


God, is this how I had it set up? I’m glad I saved my tribe book before this session. I didn’t have two contracts. Maybe it was something like five, cause now it looks a lot busier than it was before.

The point here is that there was an iceberg order and then we got through it. So now we got through this iceberg order and as expected. So now you want to use 54 as a line in the sand. Like I said, we try to get back above it and selling. So mentioned, I thought the auction would be to the downside.

And so far that’s playing out.

And that’s a nice thing about the reconstruct a tape, right? It’s seeing the intention, players, as they’re putting these orders in, because what you’re going to see, and this is what Dom asked is. Okay. What does it look like with the time and sales next to it?

Yeah, I this impossible to read, but, want to do, you can do it quickly enough, you want to see how orders are. Cause this is going to be the smallest, right?

and you’re not going to see all the orders that are plotting right here because this chart, the smallest timeframe or the smallest chart filtering. Let me think I did five contracts, right? So smallest set I’ll show is going to be five contracts.

But example, this one, I’d love to see a larger order so that then we can actually hone in on it.

Let’s see if we see one in the meantime, what I was trying to say is that you can see these larger players stepping into the market. And as I was saying, you can see the, you can see that they can take some heat. Okay. So now we saw large buy order. Got it. It’s so hard to scroll down and see this stuff.

Let’s see if we can find it. So it was probably this little area maybe right here. Okay. So this green bubble is likely all of these single time and sale orders. So it swept the book hundred 75 contracts swept the books with the book. And were to add these all up manually, it likely come up to one 75.

Maybe it’s not this one, maybe it’s somewhere else, just because it’s super hard stop it the right time.

this, the sell order price moved up. You can wait for sellers to step in. It was a little sketchy with that iceberg order because sometimes, can really squeeze the sellers out, but likely you take that short with the expectation that we’re going to get back to that iceberg order and try again.

Now that we’re through it, you use 54 as the line in sand, and right now I’m buyers stepped in and now we’re above 54. I do not want to be sure at all.

All right.

Dom, make shorts try again? get paid, right? I and unlikely that short, that large player, that through that 400 lot order. one, because the first one usually is a lot of, the market opens, right? So that’s usually a group of orders that just hit the exchange.

afterwards it is a single player. So this is a single trader that says set a 400 lot order market order into the market to sell. So likely the expectation is that they will. Keep trying to push the market down and it’s your job to find a good opportunity to get in short with them. Sometimes they just throw the 400 lots into the market and then the market just keeps going down.

So you have to that situation quickly.

All right.

Dom you have some great questions. I think I answered the other ones as well regarding when to get in short. Yeah.

The footprint also really helps to see that absorption and those eyes iceberg orders, but with a tape, with a reconstructed tape, you can really see it because prices doesn’t go any lower. And then you just see same color at the same price. So zoom out and I’m just eyeballing to me just stands out.

It looks like a wall.

Alright, trader nine.

Yeah. So the lines for the tape, these lines right here that you see drawn whenever. A market order hits a certain threshold that you can configure. So if we bring up the chart study settings for this chart right here, there is a, study called volume, large order lines.

It’s a pretty stupid name, but that’s what I came up with. And there’s this threshold right here called mil minimum volume. And you can set it to whatever you want. So if a market order is larger or equal to. Whatever number in my case, 900 it’ll draw a line. And then whenever it draws the line, it also tells you when it happened.

So this one happened, fry Friday at noon and 11 minutes. And the size of that order was 1,182 contracts. One nice thing that happens with this study is that as days go on, right? is but Monday and Tuesday and whatever the color of the lines will get lighter and lighter so that it’s at least easier to see.

darkness of the color, which ones happened sooner or like at least earlier in time. So what I can do here just to show you is I’ll change this to God. I hope this doesn’t screw up my Sierra chart, but usually you don’t want to use a very low number because Sierra chart does not handle a lot of lines plotted on a chart at the same time.

So let’s just see how this goes. All right. Make sure it wasn’t bad. So you can see the one today. Is bright red. And then there’s all these other ones that are lighter in red color. There they’re all cell orders. They just happened, days. And that’s what helps you just identify them.

There is no right or wrong number for this. People ask me this all the time. It’s number do you have? What’s your number right now? And there’s just no right or wrong number. You just need to, you just don’t want to see too many, then it’s just too much noise and you can’t make any sense of it.

So when there’s a lot of 1000 or 1200 lot orders, I’ll just change it to 1200 and I’ll ignore all the ones underneath. So just depends on the market and you just need to keep every day, just if there’s too many, just change it, move it up, move it lower, whatever it is.

I, have you analyzed, anchored V wop to use with any of your studies? I have no idea what that means. K O plan. I have no idea what that means, man.

Anchored V wop.

I don’t know what that means.

Spencer regarding setting up the reconstruct to tape. There’s no instructions. a video just for the instructions. I actually recorded one. I just need to edit it and get it up on the website. I want to create more videos on how to trade order flow. It’s just not easy. you have to watch it for a long time. you saw me reading this live and telling you what I saw at the beginning of the market open, right? Yeah. And it’s a story that you’re essentially reading your, you have to at psychology and understanding intentions and reading the story that the market’s telling you.

I don’t know if that sounds stupid, but that’s at least how I view it. to know that if this seller still in the market, they just gotten out quietly in some other way. if they’re still in the market and the market’s floating all the way up here, there, they’re in pain.

And they’re likely getting squeezed out. They’re probably offloading maybe some of their contracts, or maybe they’re doubling down and if you can’t set up the reconstruct a tape, just DME I’ll help you out so you can get set up. But education wise, one thing that I’m going to be doing this week. forgot to mention this. week on Thursday, I still need to figure out what time, but on Thursday I’m going to be doing a live tape reading session so you can join for free.

I will be stream. My screen. We’ll do it during regular market hours. We’ll probably do two hours, maybe three, depending on the market that day. If it’s really slow, I don’t even know if I’ll do it, but. we’re in a good period where markets slow and there’s interesting stuff happening.

So I’m going to do a live session. I may put on trades. I’m not sure I’ve done it before with trades. It’s in the ass because you have to think and talk place the trade very quickly over and over. And it’s a little stressful, so I’m not sure if I’m going to place trades again, but at least I’ll be narrating the market.

And, join for free if you want. I’m going to be doing this on the pit, in the pit channel. So I’m not going to be doing this in this discord group. I spoke with the guys on the pit today and, gonna allow me to give everybody here free access to the pits on Thursday and Friday.

So I’m going to be there on Thursday, live for two, three hours, but you can access all the stuff in the pit Thursday and Friday, they have live trading rooms. They have two training rooms in there. go and hang out there, free ask questions if you like it. I think their current subscription is 35 there’s a month.

I’ll likely keep doing this right? Because this whole business started and the indicators with them in the pit. And I’m trying to back to them as well. So we’re going to do it in the pit and likely we’ll just continue doing it in the pit rather this discord room.

So hopefully you guys can join then I know a lot of the folks here right now, listening are from the pit.

Tom. You’re hilarious. Alright. Oh, trader nine. Okay. So you’re talking about lines right here. is an overlay of the one minute ATR. I actually have the one minute ATR also smaller, but we’re looking just in queue and I think I also have the five minute on this larger timeframe. it’s not set up by yeah, it’s just a one minute.

ATR on and Q and the small tape. And then I use five, five minute ATR on this larger tape. It really just helps with positioning and bias. So look, I said, I don’t want to be short and now we’re trading up and this is the thing with order flow is short biased for some time. And then new players come into the market.

They’re actually changing. The direction that we’re trading in, or they’re accelerating the direction that we’re trading in and you just need to adapt. And that’s part of the art.


you add market depth to the, reconstruct a tape? Yes and no. I actually have a support ticket with Sierra tribe because if you haven’t noticed the symbol for the reconstructed tape is it’s got all this extra stuff. And because of this extra stuff, it doesn’t map it correctly to the market depth data.

You can delete this and just have the regular symbol by itself here. And then you can add the market depth, but then the reconstructed tape won’t be as accurate. What I mean by that is this 400 lot order may then show up as four 16 or four 20 or 25 or three 95. It just won’t be as accurate. So you need to be aware of that.

want to have market depth right now, Hopefully in the near future, they’ll fix it for me, but we’ll see.

I’m just reading through the other questions.

Yeah. Again, market depth, I think I want to see it. I’ve had discussion with people many times. see if we can make it happen. for the most part, those are all the questions. answer some of the other ones that were not related to the customer studies.

I think, now I’m going to end the video recording here. Thank you all for watching. If you want to stick around for me to answer these other questions, feel free. I’m going to send out the link for you guys to join the pit for free Thursday and Friday. morning on Thursday.

So watch out for that. You’ll just click the link. You’ll get added to the pit and then you can, also let you know what time I’ll be my screen, so you can join and ask questions. coming and making this a good, Q and a session. first one, I’ll try and do this Sunday, start, or maybe, a of people keep having a lot of questions. We’ll do it every Sunday. watch out messages. Alright. So thank you everyone.

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