Speaker A
If you're also struggling with the usage of fractals, this video is for you. In this video, I'm going to go over the fractals in about 3 hours, trying to teach you all the basics you need to know about almost every single tool,
Comprehensive 3-hour tutorial on fractals, covering tools, wave theory, pivots, vectors, support/resistance, and trading strategies.
Key Takeaways
- Fractals provide a structured way to analyze price movements using waves, pivots, and vectors.
- Wave number adjustments control the granularity of price transitions visible on charts.
- Price above the pivot and vector indicates bullish conditions; below indicates bearish conditions.
- Support and resistance levels are visually represented by black lines relative to the pivot.
- Probable bands help traders set realistic price targets based on historical price behavior.
Summary
- Introduction to fractals and the tools used in fractal analysis including spread monster and graph settings.
- Step-by-step guide on adding tickers and setting time frames for fractal charts.
- Explanation of wave numbers and their impact on chart transitions and price analysis.
- Detailed discussion on pivots as neutral lines, vectors as dynamic support/resistance, and their bullish/bearish implications.
- How to interpret support and resistance levels using black lines above and below the pivot.
- Introduction to probable bands and their use in setting price targets with statistical probabilities.
- Use of sliders for zooming, navigating price history, and adjusting chart views.
- Clarification of bullish and bearish price behavior relative to pivots and vectors.
- Overview of fractal clusters, market maker behavior, and cycle analysis for trading edge.
- Advanced fractal concepts including call walls, candle representation, and intraday trading strategies.
Chapters
- 00:00Introduction and Overview of Fractal Tools
- 07:42Adding Tickers and Setting Time Frames
- 15:00Understanding Wave Numbers and Chart Transitions
- 25:00Pivot and Vector Basics: Bullish and Bearish Indicators
- 42:42Support and Resistance Levels Explained
- 73:00Using Probable Bands for Price Targets
- 93:00Advanced Concepts: Clusters, Market Makers, and Cycle Analysis
- 120:00Summary and Practical Trading Applications
Full Transcript — Download SRT & Markdown
Speaker A
including the spread monster, graph settings, the generate buy signals, and many more. So, sit back, grab your notes, and enjoy. So, right here, that is what you're going to see when you log in for the first time. And this is the
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panel where you like see your time frames and all your tickers. And I'm going to tell you like how you can actually add tickers, right?
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So if you right click here, click on add. So here you can add symbols, right? So let's say I want to add QQQ.
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So I can type in QQQ and then just set up the time frame I want to look at. For example, there are like three settings.
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First is the aggregation. That's like your 60-minute time frame, 30-minute time frame, 15-minute time frame, and 5-minute and 1-minute time frame. So it's like that. This is pretty simple, right?
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This is available on the linear charts too. Then is the days to load. For example, how many days of data you want to look at. Okay. And then we have the wave. Now wave I'm going to explain that
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uh when we are actually on the charts. So I'm going to add wave 1 daily. Right.
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So it's added right here. You can see it right? Yeah. Perfect. So it's added right here. And let's say you want to add some like other time frame. For example, I want to add wave 7 60 minute and wave 10 15. So I
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can do that. So wave 10 15 minute. So 15-minute aggregation I can add and it it's going to be right there. Right. And then if I also want to look at wave 7 60 minute.
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So uh I know it's not going to make sense about the thing about waves but you can understand with the time frames right now and I'm going to explain the waves later on. Okay.
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So I can just click on add. Now there's an option that you can you know add like bulk time frames like a lot of time frames. So if I click on bulk right here, you can actually like choose from
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what time frames you actually want. For example, uh wave 10 5 minute, wave 25 minute, uh wave 55 minute and wave 105 minute. Like there are way too many time frames, right? For the daily two, right?
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So you actually use these. For example, you want to you know uh just trade Q intraday, you can, you know, just click on all of these, right? and like intraday ones till like 30 minute or 60 minute time frame and
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just click on add. So it's going to be added right here. Yeah, if that makes sense. So here I have my watch list ready for QQQ. We're going to talk about splicing but not right now.
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For adding the splicing charts, it's also done from here but we'll move on to that part later on because it's going to be like a bit more complicated than these charts. Let me just do one setting. This going to disturb us. Okay.
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Now I'm going to go with the most basic chart that is the wave uh wave 10 15 minute and then we can just go uh on from here. Right. So first of all this is the wave 10 15 minute. You can see
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right here and right here downside in this panel right here. You can actually just change the wave number. For example on the 15 minute time frame only you want to look at wave 7. You can actually just do that. Okay you can change the
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number of waves. And what do I actually mean by wave? So it's a simple concept about the waves. When I increase the wave number, the number of transitions above and pivot above and below the pivot actually decrease. Okay. For
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example, here we are using the wave seven right? Okay. Yeah. Right. So if I increase the wave number to 20, you can see the number of transitions decreased right above and below the pivot. So that is all like the
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wave does. Like if you increase the number of waves, you're going to see like less transition. If you decrease the number of waves, you're going to see more transition. For example, if I go for the lowest wave number possible,
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that is wave one. Like the number of transitions uh increase drastically, right? Yeah. So that is like how you do it. And then we have these sliders right here. This one right here on the right hand side is
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actually just to you know if you want to you know go back and check out price for the pivot or vector for a particular day you can you know just go back using this slider right here. Okay, that is all it
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does. And this one right here, if you want to zoom in to like a particular part, for example, if I'm using way too many days of data, for example, if I move to 30, right? And keep the same
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wave number. Right? Now, you can see like you can tell that, you know, it's it's cluttered, right? And you cannot understand, right? So, if you want to zoom in, you can use this slider and move to the right hand side. You know, you can just
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zoom in like this. Sounds good. So, you know, that is just the zoom feature. And this slider right here that is you know like where do you want to keep your current price in respect to the fractal chart. So I usually uh keep
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around I usually keep a bit of distance. Yeah this is good. So I keep it somewhere around here so that I can actually see the imprints and the bands clearly and also the vector price line. So I'm going
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to move to the normal uh time frame 10 15 minute. So now we're going to go to the basics. So first of all we have the pivot. You see the word pivot right here 546.55.
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So that's your pivot. So pivot is like a neutral line. Okay. So pivot is neither bullish nor bearish.
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So above the pivot is actually bullish. Okay. And below the pivot is actually bearish.
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Okay. Let's say and let's say you are trading. Okay. And you see that the price is currently above the pivot above the vector. Okay. So that means the price is overall bullish according to this time frame. Okay, it's a simple concept about
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the vector too that if the price is above the vector that is bullish, below the vector that is bearish. Okay, and the vector is a uh support and resistance level basically and it moves along with price like right here you can
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see right it moves along with price and it updates like uh live there's no there's not much delay on it if that makes sense. Okay. So if the price is like above the vector, so the price will take support from it. Okay. It will act
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as a support. The vector will act as a support and when the price is uh below it, it's going to act as a resistance.
Speaker A
Make sense? Like right here, it acted as a resistance. Yeah. So this is like the most basic part. So do you have any questions?
Speaker A
Yeah. Could you uh repeat what you said about the um price above the vector and above the pivot a pivot? Did you say that was bullish?
Speaker A
Correct. Yeah. Okay. And then below the vector and below the pivots bearish. Perfect. Yeah, that's uh the most basic explanation to that correctly.
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Yeah. Yeah. Uh yeah, this all makes sense so far. Yeah. Perfect. So on the right hand side, you must be seeing these black lines right?
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Yeah. Yeah. So that is what uh the support and resistance levels are. So basically if you see these black lines above the pivot that means that they're going to act as resistance. Make sense?
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Okay. So like right here you can see uh just ignore the 50% band right now. I should remove the uh these black lines right here. These two are going to act as resistance for price. Okay. So the price
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is going to find it hard to actually break above. So it is basically a resistance. Okay. And then below the pivot, these black lines are actually support. Make sense?
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Okay. Yeah, pretty clear, right? Now, we're going to talk about the probable bands. So, these things right here. So, for which I'm going to use this slider right here.
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Let's say that you know you have a bullish bias for QQQ and you're expecting the price to go like above the pivot, right? and you're looking for targets. Now, the most obvious targets for you above the pivot is the 80% band.
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Why? Because 80% band means that when price transitions above the pivot, there's 80% chance that that price is a
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Then there's 50% chance we see 550.44. Then there's 20% chance we see 556.18. Make sense?
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Makes sense. Yeah. Same is for below like right here you know like you expected a transition and then you're looking for a target you target the 80% man right it's just like that and as the price moves below so
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like you can see the bands uh person are actually getting lower that means that the the odds of price continuation are actually decreasing right so if somebody like you are looking for more downside you got the odds like Hey, the fractal system is
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telling me there's 80% chance. For example, the price is at 20% back. So, the fractal is telling me that there's 80% chance of reversal from this price point from Okay, does that make sense?
Speaker A
Uh, yeah. How do you know there's an 80% chance at the that reversal point on the bottom and it's not the furthest right candle where it's an 80% chance of hitting that mark?
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For example, let's take this example right here. You see the price is at the 20% band. Is this visible like the 20% So that means there is only 30% chance of continuation. That means that there's 80% chance of reversal.
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Okay. So it's not it's a 20 it's not a 20% chance it's going to uh hit that target. It's a 20% chance it's going to break that uh target.
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Correct. Yeah. You can uh basically you can use it both the ways. It kind of makes sense. So you know we saw the reversal today uh yesterday sorry uh from this level right here 20% ban right.
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Yeah. Then today we are just somewhere around the 50% band showing us that there is only 50/50 chance of continuation or like reversal in continuation. Makes sense.
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Do these changes? Do these like 80% 50% 20%. Yeah, we are coming to that. We are coming to that.
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Yeah. So these values uh like you just mentioned I was going to come to that.
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So these values actually change when there there is a change uh with the pivot and your question should be when does the pivot change right?
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Yeah. Yeah. So the pivot changes when there is a transition above or below the pivot.
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Okay. Okay. As simple as that. Now before I move on, is everything clear? Cuz now it's going to get a bit complicated.
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Just a little bit. What do you mean transition above both pivots? You mean like the the current like moving above the pivot like above the So that's a transition you could say.
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Okay. Transition from bearish to bullish price action. Got it. Okay. Yeah. Besides everything so far. uh now I'm going to come to the point that so what's like the pivot changes but what value to what value does it actually change so for that I'm
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going to use the uh slider here again to go back in time to show you the transition now look at the uh vector u price right here okay what is it 546.55 correct and what's the pivot price 54927
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and just as we're going to see the transition Notice the change in the pivot value, the new pivot value. Uh look at what it changed to.
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Yeah. 54655 which was that old number before. Yeah. That old number the vector number basically. So basically when whatever the price uh like the whatever the number is like of the the price of the vector like just before the transition
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you could say the pivot changes to that price only. If that makes sense. Let's go for another example like for this transition right here to make it more clear. Okay.
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So you can look at the uh current like vector price that is 549.27. Correct.
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Yeah. Now we are going to move to the transition 5497. Yeah. It's also written right here using the basically the introduction to the fractals. This is already an indicator in there. I'm going to show you that and it actually tells you that the
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purple vector will become the pivot, right? That was like what we was just we were just talking about right and it's also written right here that the pivot is the neutral point above is long below is short. Simple.
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Okay. What exactly is the purple vector? Uh like we we were just talking about you know like it's a support and resistance level that moves along with price.
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So let me help you. The purple vector is a um it's a line plotted by a machine learning system that goes uh behind the scenes and it's actually uh testing all the trades to gauge the strength of the
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bullish and bearish move. Uh so there is some sort of machine learning that's going on in the back. uh Russell explains it very well but uh that then plots the result of that plots the vector uh which is a purple line and
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then it acts as a support and resistance line and eventually becomes the pivot if it's broken.
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Okay, make sense rav correct me where I'm wrong. No, you're right. Okay. Yeah. Now now that I explained each part that that whole sentence makes sense.
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So uh I think the basics are clear till now. Okay. So if I ask you any question, will you be able to answer now?
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Yeah, I think I should be able to. So like let's say the price is at the 20% band, what are you expecting?
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Uh an 80 there's an 80% chance that it reverses and goes uh above the pivot.
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Yeah. Okay. Yeah. It's like if it's like above the pivot at the 20% band, so like there's 80% chance of reversal. Correct.
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Yeah. Reversal. Yeah. Yeah. Reversal below the pivot. Okay. Perfect. I think so we are done with the basics. So ne next we can move on to the H&L values. For that I think so I should use the wave table.
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You said H and L values. Yeah. Highs and low values. I'm going to come to that. So basically you see these numbers H6 uh H6 H4 H1 H3 and all that.
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Yeah. And you see these L3, L1, L1, L1, L2, all these uh right here.
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Yeah. So these are highs and lows values. So above the pivot which is bullish you form the highs. Correct?
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Yeah. Does that make make sense? Above the pivot you form highs. Yeah. Yeah. So above the pivot is it's bullish so you form highs, right? And below the pivot it's bearish, you form lows. Okay.
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It's that simple. Okay. And now the question is when does a high or low form in these fractal charts? Okay. So I want you to like look at I'm going to zoom in. Yeah. So if I count the number of uh
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aggregation for example the number of candles above the pivot right here there one 2 3 4 5 six and how many highs do you see? Six highs right? So it's marked as at six. Does that make sense?
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Yeah. Same as for uh right here for example below the pivot in at this red candle there there should be there should have been an L1 right and then another low formed. So that is L2.
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Yeah. And then the third low formed that is the L3. Yeah. So the lows and highs stack on each other when it's a lower low or a higher high.
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Yeah. Correct. Correct. Correct. 100% 100%. That's perfect way to put it. Yeah. And basically you can also get stats uh for these H&L values. Now let's say you're trading and you you're like I'm seeing the price is at at six. Now I
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know that on wave 1 daily you rarely see at six. Okay. So to look at the odds of reversal or continuation or formation of a new high the next day. Right? I can go into the options analyzer. Here I rightclicked
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and went to the options analyzer. So here is the options analyzer. Okay, I'm going to close this panel right here for now. So here uh on this first uh graph you see the statistics for the H values and on this graph second graph right
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here you see the statistics for the L values. Does that so right here uh with these with the first graph right here you can see currently the market is at is at at six.
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Correct? Yeah. So now I can look is it is it like perfectly visible? Hope it's not blur.
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Okay. So at six the formation of uh H6 is 4%. That means that there is only 4% chance to actually form the H6 value.
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For example uh like last week on Friday I shared the analysis that you know we were currently at H5 and the formation of uh the odds of formation of H5 were just like 7%.
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Okay. And the formation of H6, the odds of formation of H6 is just 4%. That means that there's 96% chance we see L1.
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Yeah. Right. But we did not see it was an outlier move. So, okay, that's completely fine, right? And let's also take a example of below the pivot. For example, you're seeing the price is currently at L1. Now, what's the
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probability of seeing L2? You can see right here, it's 32%. 32%. It's not the top uh percentage, the bottom one.
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Yeah, you got to look at the bottom ones, not the uh like the like the above one. They actually mean 19% means that the 19% uh candles below the pivot are actually L2s.
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Okay. Yeah. So, basically, I don't look at these stats like they don't really uh are pretty significant for me. I look at these only if that makes sense.
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Okay. Yeah. And then we got this graph right here. Okay. So this one actually uh is useful to calculate the magnitude of the move.
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Okay. Now if there is the normal plotting of this graph. Now if I click on sort histogram. Now it's going to sort all the highs and lows according to the magnitude of the move. Okay.
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Okay. Here it does not consider the highs and the lows. Okay. It considers the magnitude of the move above and below the pivot in percent.
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Right. currently the six move right here you can see at the arrow. So this is showing us the magnitude of the six move. Okay, I'm gonna stop looking at Yeah. So the move So it's telling me that this move the move till six the
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rally we saw was 4.7%. Okay 4.7% from the pivot that is what it is trying to tell me.
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What does that 4.7% mean? that is uh it is telling me the magnitude of move above the pivot. For example, the pivot is at it's showing me right here. So the pivot is at 526.83.
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So okay, uh 4.7% of 526.83 that that is the value you're going to get on that magnitude.
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Basically that makes sense. So if yeah if you do 4.7% of 526 then it would get you to whatever price that that you can you know you just need to add to 526 that whatever price you get whatever person is that
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makes sense right yeah why would it be useful to know the magnitude of uh increase I mean just to compare that you know where is the market where is the cycle positioning right now for example this is like one cycle above the pivot so if
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you want to look at that you know for example sometimes you see that using just H2 for example this H1 was straight up like uh in the 12% region right here looking at the options analyzer bond makes sense because it's going to tell
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you that hey the the odds of formation of H2 is going to be 48% let's say so that is not useful here right because the magnitude of move is like way too much so for here you're going to use that
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sort histogram I just showed you because that is going to tell you in the past 200 days there has been zero days above that 12% value so expect the formation of L1 that is what it's going to tell you so these are the basics
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basically if you got any questions you want any help that I actually help you uh pulling up these graphs on your fractals let me know cuz these are the very basics that one should be aware about now okay
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do you want me to move to the graph settings Yeah, that'd be helpful. Okay, so this is the graph settings. So, first of all, we have the general settings, right? We have the show options.
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Okay, but I'm not going to show you the like the show options uh right now cuz it's going to be way too much for the first session, right?
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Okay, we're going to talk about it some other day, right? So, I'm going to talk about the sr. So, sr.st state machine. Now remember what I mentioned about the targets, right? If you want to look for targets, you got your probable bands and
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your SLR state machine. Now what do I mean by SLR state machine? Support SL resistance state machine. So basically what it does it gives you targets using what? So basically you see the like it's written closed here closed closed closed
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right. So basically these are targets for you above the pivot. For example, right here you you see them how you see you look at them like they're open right now, right? As I move like move it above move to the next candle, you can see all
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of them are closed. So all these four targets are hit. Does that make sense?
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So yeah, after the candle passes or hits that uh that lines, it changes to close.
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Yeah, that is like your target is hit. Okay. Yeah. And you can see the price for them right here. It's 537.72, 536 98 something, right? So that is the price for that open state. Does that make sense?
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That makes sense. Okay. Same as for below like these lows are targets as simple as that. We can put it like this way and you can see the price for them. For example, and you know you look you're
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looking for shorts, right? I'm going to be soon looking for shorts. When we see different confluences on different time frames, we're going to be looking for shorts eventually because we have to see a transition here. Okay. So, for the
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transition, we automatically have our targets. We got we got 545.80. We got 540.34. Then we got these open states if we do see more breakdown. Does that make sense?
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Okay. So, that is Yeah. Any questions? Uh yeah. So, I mean they're open both on the top and the bottom. So, do you use that in conjunction with the bands to uh to see if it's if you want to like take
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a short there? Which ones are you talking about? These ones or like these ones?
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I'm talking about the uh the bearish ones under the pivot like the 5431. They're they're all open targets. Uh do they like do those targets continue as the price keeps moving? Do they like like are those targets only for a
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certain time period or are they just forever there until the price hits it or if the market?
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Yeah, they're going to be there forever. I I mean eventually price has to close these like has to it has to okay yeah there is no condition as can it will close those open state that is the that is like the wordings of Russell
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market all market does is close and close the open states okay yeah that is all it does like in the past you can see that is all it has been doing right closing open states close close yeah yeah and these ones are open. So these
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ones are like you know open targets that you can look for right. So it's telling me that maybe not today, maybe not this week, maybe not this month. We are going to see 510.61.
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You are going to see it. Okay. There's like if and buts to it. Yeah.
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Right. So that uh is about the open state. Now open state and probable bands are like the very basic target system you can use inside of the practical system. Okay. And in the grass setting, what else? basics should we talk about?
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Yeah, we can talk about S/ R triangles. Yeah. Okay. So, what this thing does is that it tells you how many aggregation will it take to actually close that open state. Okay.
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So, for example, for this H6, you see it right here, right? It's not blurry or anything.
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Uh H6. Yeah, I see H6. Yeah. So it is telling me that on an average it takes 11 aggregation to close that open state that is an average value and the longest duration that should be taken to uh close that open state is
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104. So it tell it's telling me that it should take longest duration it should take to close that open state is 104 days because we are on the daily right.
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Okay. So if I change the aggregation for example to wave 105. So it's telling me that on an average it should take 13 aggregation to close that open state for and the longest duration it can take is 33
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33. Okay. It won't work 100% of the time. Like you got to be clear about that. Okay. Like here it did not work right. But it's still a cool stat to actually just you know like look at that how many how much
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time will it take to close my target according to the fractal. Okay, I personally do not use this uh sart triangles because you you could see right it wasn't activated by default on my system, right? Okay, so I do not
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actually use them personally. So right here for example, let's say that this H1 sustains.
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What do I mean by H1 sustains? That we do not see any other high forming above this H1. Okay, now the question is okay, what kind of pullback am I expecting? If I'm looking for a bearish trade, it's
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telling you, the system is telling you look for 546.26. Okay. Okay. So, it's telling you that red line projected move. However, the H1 has to hold as the top. Next is for the price to get under the vector line for the
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best setup/ odds of pullback. So, these pullbacks move in a pattern, right? For example, you could have see you could see right here that how does a pullback below the pivot happens? First, it it has to transition below the vector,
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right? Because [Music] for for a pullback to happen, H1 has to sustain. What has to sustain?
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H1 or whatever age you're at, it has to sustain for a pullback. Yeah, it has to sustain. If it forms another high, how will we get a pullback? So you know this if you're looking for a reversal this H1 has to
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sustain. Price cannot get above 551.31. Okay. If you're looking for a pullback. Yeah. That is your bare minimum. Right.
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Okay. And then you got the pullback right here that is like uh giving you that you know you can target 546.26.
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And so before before you take any trade do you look for the high to sustain before you enter or do you enter while the high is trying to sustain?
Speaker A
No. Like uh what do you mean like is it trying to sustain and uh it sustains like can you repeat that?
Speaker A
Yeah. But like I'm just curious when you would enter uh because if you're expecting you know it to follow this red line projected move would you want to enter on that H1 or would you want to enter after if after you see it sustain
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it's like confirmation then would you want to enter or do you want to enter on that H1?
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Yes. So look I'm also a human. If I'm if you're looking at it as a trader's perspective, will you be able to like enter at the H1 and look for shorts like because of the odds like let's say I'm
Speaker A
looking at the odds. What is the odd to form H2? It's like 56%. I I'd still not look for a downside here, you know. So I I will not I don't think uh I have any confluence right here from this time
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frame telling me that just short at the H1 the 56% chance from the what we're looking at before is the chance at uh H2 uh forms.
Speaker A
Yeah correct correct correct right then yeah sense why that's but right now it won't make uh H2. You know why? Because if I zoom in, you see that how many aggregations were there after we formed the H1.
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1 2 3 4 five. Correct. Five. Yeah. Not not five. This is four only I think.
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So wait, let me just check. Sometimes that is the price line. No. 1 2 3 4 5.
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Yeah. Five. Right. Yeah. So five aggregations after we form the H1. So next high that is going to form let's say at the next candle it's going to form another high means the price is going to get above uh 551.31.
Speaker A
Okay, let's say you're expecting that you're you're not going to see a H2. You're going to see H6. And what is the probability to see at six?
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Uh let's say H it's not there because in the past in the past 10 days we must have not formed at six. Yeah. So there was no at six, right? So the thing the high we can form according to fractals now should be at
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seven. And what is the probability to see at seven? 33%. So is that a good uh odd you could say percent chance for continuation according to you?
Speaker A
No, it's not a good percent chance for uh continuation. So we won't take calls, we want long.
Speaker A
Yeah. Okay. Uh also I have a basic question about the uh hes. I thought um like when you form on the uh it's always like it has a stack on top of each other. So it's H1 and then a higher high
Speaker A
would be H2. Yeah, but after H1, which is the red candle, there's like a lower candle, which would be nothing. And then there's a higher green candle. Wouldn't that be H1 again?
Speaker A
Where? Like uh you're mentioning here, right? Yeah, that that so that candle right there that you're on. Uh registers a new high whenever there's a higher high, right? Like you just mentioned. So it cannot form as H1 because that H1 was already printed for
Speaker A
the first candle after the transition. Okay. So a higher high is not the candle before but a higher high is uh it has to beat the previous high of all time or of of all your aggregate. So the higher
Speaker A
high has to form above this 551.31 and right here let's say okay I'm going to go a bit back here. Let's say this candle is already like printing. It is not it has not closed yet on the 15minut
Speaker A
time frame and you're expecting that there should be a new high. Okay. Yeah. And there is good momentum. So there should be a new high. Okay. So the new high for the condition to form a new high that is H2 the price has to get
Speaker A
above 51.31. Okay. Yeah. So then would you not see another H1 until it goes across the pivot and back up and then you see another H1.
Speaker A
Yeah. So let's say you are wanting to see another H1. So to see another H1 basically the price has to get below the pivot and then back above. Got it. Okay.
Speaker A
So, yeah, it has the the formation of H1s are or L1's are only after it crosses the pivot.
Speaker A
Yeah. Yeah. Only after it crosses the pivot and then it an H2 and L2 is only if it makes a higher high or a lower low. Yeah.
Speaker A
If let's say the price go you make a L1 and it goes the pivot is 100 it goes to 98 and then the next candle is 99 that wouldn't be an L2. But then the third candle could becomes let's say 95.
Speaker A
That'll actually be an L3. L3. Yeah, I know. Okay, just so you know. Makes sense.
Speaker A
Am I right? Yeah. Yeah. So for for the factos to register it as a high or a low, it has to close high like above or below the pivot respectively.
Speaker A
Okay. Yeah, that is the basic condition. Okay. Yeah. So let's talk about one more thing then I'll get back to uh let's talk about oh yeah we haven't talked about the standard deviation it's going to be perfect talk about this
Speaker A
also so quickly do you use the average pullback then uh because the average pullback said if H1 sustains that you should follow that uh that path but then we also saw that when we like looked into uh the data that the form that the
Speaker A
odds are 56%. Me personally, no. First of all, like I trade with your like dad like almost every sing we trade uh together for like one week. What we talk about is OM the options data and sometimes we look at the fractal
Speaker A
charts. Okay. Right. And the most important thing the tabletops and uh the side exits. Right.
Speaker A
So that is like what we look at the whole day on the to right. So tabletop is like a part of the routine like we have to look at it for entries and stuff.
Speaker A
Okay. At least I personally do I only take entries or I mostly take entries I would say on tabletops or side exits either on my contracts or just you know longing uh some you know ticker for example QQQ or like or like NQ.
Speaker A
Okay. Yeah. So yeah, you can personally for example, you're going to start using practice, you can use the average pullback and calculate the odds of it working out, you know.
Speaker A
Yeah, that that way it could be useful for all of us. Okay. Yeah. So next thing uh we are going to talk about is the standard deviation.
Speaker A
Now this is something I personally use. Okay. And what it does simple concept when the price is like for example these dots, okay? These represent price in a way. Okay. when these dots are there in the standard deviation squeeze. So, it's
Speaker A
telling you that prepare for a volatile move. Okay. And how do you squeeze? Like uh let me you see the word squeeze standard deviation squeeze.
Speaker A
Yeah. So that means that is the squeeze area. You see these dots? Yeah. Like in the squeeze. So it's telling you prepare for a volatile move. And guess what? We saw it here. We saw the volatile move on Friday, right? It was
Speaker A
an expansion from the standard deviation squeeze right? And yeah, uh till now also it's like trying to continue above like the squeeze like the volat volatility squeeze is still working out. That is the middle value for the it's like 0.7 is like the middle
Speaker A
value. It keeps on changing for different time frames. Okay, it's not the same for every single time frame.
Speaker A
Okay. And the next thing is when you see that you know it's trying to you know uh form like a curvature here it's trying to reverse.
Speaker A
Yeah that means the volatility can decrease here. Okay. So it's telling you that you can you know price is like tired of high volatility move. So it's going to take a rest here. Okay. Rest till when?
Speaker A
Till the price gets into the squeeze and it's going to move again. So when it's up when it's at the expanding it takes a rest.
Speaker A
When it's expanding to the downside it takes a rest. I mean the volatility is low to the downside.
Speaker A
You know you like you see right here it's expanding to the downside. Yeah. Yeah.
Speaker A
So that it's telling you that it's trying to take rest and it's expanding to the upside means the volatility is incre is like in increasing mode. You could say it's a high volatility move.
Speaker A
Okay, that's the basic and sometime when it's flat, it's like again a reversal or like consolidation move. Okay.
Speaker A
Okay. Yeah, that is like all it does. And like using the standard deviation, you know, you can mark these points that here like using it's it's kind of like a resistance here. You know, when you see that it's somewhere around this 0.5 or
Speaker A
0.5 area. I'm just using an estimate number according to these numbers right here. You know you could look for consolidation or reversal. Right?
Speaker A
Okay. Why can you look for consolidation or reversal? That is my personal note is that when you see a curvature like this one like this or it goes flat that means you're either going to see reversal or a
Speaker A
consolidation. Okay. And then when it gets in the squeeze then it's good for us. You know you're going to see an uh see a volatile move uh for either of the direction.
Speaker A
Okay. Yeah. And then you have the macro trend. The macro trend right here what it does.
Speaker A
Now the macro trend is like used for the bias you could say. Okay. When the macro trend is b like green so it means that the like overall bias of this time frame is bullish.
Speaker A
Okay. Does that make sense here? Yeah. It was red. So it was like overall bias is beish. And you could actually you can actually take a look at it like how okay um you see like the cycles after we got
Speaker A
the green uh macro trend the cycles for above the pivot are actually bigger right here if you compare like these two cycles like even this one the above ones like above the pivot ones are actually bigger right okay yes
Speaker A
and here when it was in the red macro trend the cycles for the downside were actually bigger does that make Yeah. But what do you what do you mean by the cycles?
Speaker A
Cycles is like uh a transition from above and below the bear. That is like considered uh a cycle, right? Okay. So uh from here to here till this high you can consider this as a cycle cycle above the pivot. That is a cycle.
Speaker A
So from one high to the next high is a cycle. uh yeah not from uh one high I could say you should say from this low to this high that is like one cycle let's put it this way okay but that is
Speaker A
like one cycle for us so we're going to look at wave 1 daily and wave 760 minute okay so wave 1 daily as you know the wave number is one here so the transitions are going to be more right
Speaker A
and you can see right here at the wave 10 15 minute the transitions because the wave number was 10 so the transitions are lower right and here the wave number is one so the transitions are high correct so this uh this time frame we
Speaker A
basically used for like for example I want to know what's going to happen tomorrow so I can uh look at the odds for it and also look at the price action for it for example if you see that for
Speaker A
example if you just see that the price action is currently right here and it is forming L2 okay 540.93 it is exactly at the open state that can form symmetrical lows Okay, when two lows or highs are, you know, exactly at a symmetry, you
Speaker A
know, that leads to the formation of symmetrical highs or lows. For example, right here, you see this is a symmetrical high because these two highs are, you know, matching, right?
Speaker A
Okay. So, is it when the highs close that they're symmetrical? Yes, they have to close the open state right here.
Speaker A
This open state needs to be closed. This open state right here at L1 needs to be closed for it to be called like a symmetrical low if that makes right that makes sense. Yeah.
Speaker A
Yeah. So if the market goes down here and you're wondering that you know it's L2 so you're wondering what's going to happen next. So you got the support here. That's okay. You got the support.
Speaker A
Then what's the probability right? You can go into options analyzer and look for it. After L2 there is 13% chance to see L3. So what is the chance of forming H1? The chance of forming H1 would be 100 - 13 which is 87.
Speaker A
Yeah, correct. So 87% chance to see H1. So what were what are you going to like bet for? What are you going to trade?
Speaker A
Yes, your bias would be long. Correct. Easy. So you know that is why uh I use the wave 1 daily personally. I also use this for the spread monster derivation. We're going to talk about that. It's a you know pretty wide topic
Speaker A
so it can take a bit of time. Also I want to talk about the staged open states. So you know sometimes you're going to see patterns like this right here you know where you see like a trend line and you know these open states are
Speaker A
stacked correct so this is forming a sort of compression this compression has to be broken okay maybe not today maybe not tomorrow but it has to be broken to take out those stacked open states we have seen this
Speaker A
way too many times and the same is right here right these are stacked open states correct so these open states need to be taken probably like tomorrow or maybe next week. You never know. Okay, so this this is like a compression forming. Correct.
Speaker A
This is a compression trend line. Now, this compression trend line needs to be broken for us to see more downside, right? And also using this mean wave.
Speaker A
I'm going to talk about uh meanwave in a bit. But you can understand the mean wave in this way. I use the mean wave to understand where the market fear is.
Speaker A
Okay. If the mean wave, let me turn on the probable bands. If the mean wave is below the 50% band means there's a fear for that direction. Correct?
Speaker A
Because what is the mean wave telling you? Meanwave is telling you a probable path that price can take. It is the highest probability path. Okay? And the path is showing me that the price should go below the 50% man. Right? So there's
Speaker A
fear for downside if that we're going to talk about the mean wave that then where it comes from. It's okay. Uh we're going to talk about that. So I was just trying to show you these staged open states
Speaker A
concept if that makes sense. Okay. So if the mean wave is under the 50% band there uh it shows the mean wave shows the highest probability uh path.
Speaker A
So if the mean wave is under the 50% band it shows fear on the downside.
Speaker A
Yes. Fear for the downside. Correct. Same as for the upside too if you know.
Speaker A
Yeah. If it was above the 50% band it'd be fear on the Yeah. Yeah. If it's near the line that's perfect you know.
Speaker A
Yeah. Yeah. So when you say fear on the long, you mean that uh people are scared of it going long?
Speaker A
Yeah. Yeah. Yeah. Okay. Okay. And the market makers are position are going to position for the upside only. If there's fear for the upside, you know, there's fear for the upside. The market uh makers are positioned on the what
Speaker A
they're have it they're positioned long the Yes, correct 100%. Okay. Okay. So the next thing we're going to look at the wave 760 minute that is another good time frame. So, same thing right here. Okay, wave 7 60 minute. So,
Speaker A
you're going to see more transitions compared to the, you know, wave 1 daily, right? And this is a 60-minut time frame means there uh this is the 60-minut aggregation. One candle you see right here is is 60 minutes. Okay? And you're
Speaker A
going to see that the transitions here last pretty much longer. Okay? So, this is a bigger time frame, right?
Speaker A
And basically, we can go through the basics. For example, currently we are at H2 and you're wondering that you know what's going to happen next. If we zoom in, how many candles have we formed after H2? You know, one two. So, next
Speaker A
thing we're going to form is H5, I guess. So, you know, we are going to look for the probability of forming H5.
Speaker A
Why are you looking for the probability of forming H5 specifically? We talked about that last time because you know you see how many like uh or more highs have you seen above the pivot after H2?
Speaker A
Not not uh H6 H10 1 2 3 No no no no here here at H2 over here. Yeah. Not many like no high correct because after H2 there was no other high completing it.
Speaker A
There was no other high above 555.73 if I'm reading that price correct. Right. Yeah. They were just candles.
Speaker A
These two red candles were not highs. They were not higher high. It was just another candle.
Speaker A
Yes, they're not higher highs. So, you know, you cannot consider them as another highs. You know, this candle right here cannot form H3 and this candle right here cannot form H4 because it did not surpass this open state right
Speaker A
here. Yes. So, if the next candle does, what's the probability that it is going to get above 55.73?
Speaker A
That would be the probability of H3 forming. Let's take a look at it. So, so probably H3 is 56% it says.
Speaker A
No, no, no. We're going to look at H5. You know why? Because there are already two candles formed. So, H3 H4. So, next thing that's going to form is H5.
Speaker A
H5. Yes. Okay. So, H, what's the probability of forming H5? 45%. So, it's mostly like you could say around 50%. So, there's a 50-50 chance that we're going to see u like the H5 forming. So we need to look for
Speaker A
more confluence on our side right. So what can we look for? We have the vector support and the pivot support. Okay.
Speaker A
When the price is very much near to the pivot, you can actually mark that on your chart and use it as support because it does act that way. And you know many many reversals I've seen that you know
Speaker A
the reversal happens above or below the pivot with the reaction from the pivot if the price is like near the 80% on on either of the sides. if that makes sense. Okay.
Speaker A
Okay. So, you can you can use the vector and the pivot as support is what you're essentially saying.
Speaker A
Yes. A lot of people do. You know, if you look at the professional launch and look at the chartings of some of the people, they use the pivot and the vector prices also the probable bands, right? Of course, the open states as
Speaker A
targets too if they if they're using the fractal charts. But these are constantly changing, right? It's a self-fulfilling prophecy.
Speaker A
So how could you use these are constantly changing but it only changes when there is a transition.
Speaker A
Even if you plot the you know like the previous levels for example if I plot 554.75 and there's a transition that 554.75 it's still valid as a pivot. Okay. If you plot it on your level it's going to
Speaker A
be a reaction level. Okay. Okay. Still valid even though if it's uh changed. Yes. If you plot it out you can just you know test it. A lot of people do. Okay.
Speaker A
And you know I can talk to uh some people I know who plot these charts and give it to you so that you know you can do a bit of homework with it if that sounds good. So this was the again the
Speaker A
basics we covered again we can talk about the standard deviation right you know you can tell me the rules for the standard deviation you know it if you know it I told you the rules for standard deviation I don't know it
Speaker A
you don't remember okay no problem so simple rule when the market is in the standard deviation squeeze it means that it is preparing for a for an explosive move okay okay so it's it indicates that you know when
Speaker A
the market is in the squeeze you know prepare for an explosive move either to the upside or to the downside.
Speaker A
Okay? And when it's expanding right here, like right here, it's expanding. So, it's expanding to one direction, right? So, it's showing you that from that squeeze, it is expanding till here. For example, it expanded almost to the middle of the
Speaker A
standard deviation uh you know, like the middle of it of the whole standard deviation right here. Correct?
Speaker A
Yeah. And you know it reversed right here showing that you know the market is going to consolidate a bit or show us a reversal. It did consolidate a bit before going back into the squeeze right here and continuing to the upside.
Speaker A
Okay. Right. With the squeeze right here and continuing to the upside. Does that make sense?
Speaker A
That makes sense. And these M andK uh signals you are seeing basically you will see the K signal when the market gets above the pivot. you see the MM signal when the market gets below the pivot. Does that
Speaker A
make sense? It's pretty simple. Yeah. So, I just want to make sure like uh this is what I last time what I remember is that if the dots are in the uh standard deviation squeeze area, you have to it means like to prepare for a
Speaker A
volatile move. And if the dots are in the standard deviation squeeze area, yes, prepare for a volatile move.
Speaker A
And so, if the if the uh dots are exponentially decreasing, it's less volatile and it's like taking Yes. If they're decreasing, it's going to be less volatile. Correct.
Speaker A
In if the if the curve is exponentially increasing, it gets it's getting more volatile.
Speaker A
If the curve is exponentially increasing, it means that it is uh continuing with the squeeze direction.
Speaker A
It is showing you that. Okay? You know, for example, you know, uh when I mention about you can also see consolidation or reversal. You can see it right here, right? We did see a consolidation here, right? And then here
Speaker A
we saw a reversal. Okay? So you know in most conditions you should not see continuation happening right like right here sharp reversal from here and then after that what did we see consolidation correct yes and then we saw a reversal into the
Speaker A
squeeze so if it's exponentially increasing you will not see a continuation of whatever is happening you'll see either a consolidation or a reversal yeah when it's like uh forming a curvature I'm talking about when it's forming a curvature that means we're
Speaker A
going to see either consolid validation or reversal. Okay. So, you know, when it's increasing, it means that it is continuing with the direction of the squeeze when it when it initially happened. Does that make sense?
Speaker A
That makes sense. Yes. Okay. So, you know, you can also look at it right here. You know, big standard deviation move right here telling us that we are already reaching the max of the standard deviation, right?
Speaker A
Yeah. And then the market took a break and then it started going down. Now here it did not work out you know our reversal or consolidation did not work out and I assume that this must be some sort of
Speaker A
news a news okay yeah and then after that you know it consolidated right here right here into the squeeze and then the squeezes were not that good because we did see overall consolidation throughout the session right so the market makers have to participate
Speaker A
in the squeeze you know squeeze is not you know dictate the market or somewhat right there are many days when the market stays in the squeeze and there is no move like some sort of this move right here consolidation
Speaker A
right so we got to avoid that so this was the basics we covered correct yes so you remember the concept about the 80% ban and the 50% ban do you uh for yeah I mean from what I remember
Speaker A
uh that those bands are like uh our targets and so if it gets to that 20% ban there's a 20% chance it will hit or break that target yeah this band right here so there's 20% uh chance that you uh hit that target
Speaker A
and break it and break it. Yeah. Yeah. This one's 80. So, you know, this one's 80. Okay.
Speaker A
Yeah. These are pretty simple concepts, I guess. Pretty basics. So, next thing we can talk about uh is the generate bio signals.
Speaker A
Generate bio signals. Yeah. If you right click is the third option. Cool. Okay. Yeah.
Speaker A
So, now I already got some stuff loaded with it. So, I'm going to, you know, go through all of this. So here I'm using the time frame KQ wave 1 daily and I'm using L1 allol. So what it does is that
Speaker A
in the past 200 days it takes all the you know L1 possibilities that happen and you know gives you the possible price action according to that. Okay that is why I've chosen L1 all here because it works the best. You always
Speaker A
have to use L1. Does that make sense? Yeah I just I keep going and then maybe I'll understand it.
Speaker A
Okay. Yeah. So L1 here you can see you know what L1 we are actually talking about. You see the L1 here.
Speaker A
Yes. So it's talking about that L1. Okay. So it's taking that L1 right here. And you know is the same as options analyzer. It's pretty much similar to that. Does that make sense?
Speaker A
Yes. And you know where do you see the probabilities? For example, I have look like look look at my cursor.
Speaker A
Look forward this many trading days for results. It's looking uh it's written one here correct?
Speaker A
Yeah. So it's one day forward looking. So I'm looking for tomorrow the what's going to be probability that we're going to see L2 or we're going to see H1. Okay.
Speaker A
Here this is the closure of that L1. Okay. You can see you know it's matching the close price. All right. Now here you can look at the probability. So it's telling me there's 30% chance for long and there is 69% chance uh 30.8% chance
Speaker A
for long and 69.2% 2% chance for sure. Okay. And is that just general direction long or is that that 30% chance we're going to see that H2 and that bottom chance we see L1?
Speaker A
Yeah, you can actually match with that because you know um it depends on the magnitude of the move that we see L1 that we see L2 or H1 here, right?
Speaker A
Because yeah, let's say we go with our short bias only. You know, it's giving you a probable target of 548.17 right here.
Speaker A
Okay. Okay. And you know it depends on the magnitude of the move. Sometimes we see that the candles are not that big. The overall range of the day is not that big. But the overall you know what it's
Speaker A
considering here is the low for the close price. The okay tomorrow we see the price below the close price of L1 here. That means our bias worked out. You know generate bias signals did its job.
Speaker A
Yeah. So does that make sense? That makes sense. Okay. Perfect. So right here using these uh like uh features right here I plotted the resistance for short, resistance for long and you know all that uh stuff is already in there. You can just check it
Speaker A
out but I'm going to explain it to you right now. So this is giving you a probable path for long but you know I don't look at it. I like to look at the targets. Okay, I want to look at the
Speaker A
targets. So it's giving me targets for the downside. It's giving me targets for the upside. Does that and this is still for this is still for tomorrow because in the bottom left it has that one in brackets. So this all
Speaker A
these targets are for the next day. Uh can you repeat that? Yeah. So all these targets are for the next day after this candle because in the bottom left there's a one in brackets.
Speaker A
Correct. Correct. Yes. Yes. Yes. You perfectly got that. So let's say tomorrow our bias doesn't work out. So what are targets for the upside? It's giving you that.
Speaker A
You know minimal target is 559.26. Then the low target 563.08 8 and 565.48 then the max target is 595.02.
Speaker A
Okay, got it. So this is just for tomorrow. Now I can actually you know increase the number of days. For example, 3-day forward looking.
Speaker A
Okay, this is the 3-day forward looking. Now you can see the path and the resistance are you know much more clear, right? So again you can look at the bias. Now you know if you increase the number of days to load for example I'm
Speaker A
going to call this days to load. Okay you'll understand it right? Yeah. So if I increase the number of days to load it's going to get nearer to the 50%. Okay right here it's 50% right that makes sense.
Speaker A
I go around 50. It's harder to tell in the future. So it's going to become more of a 50/50 move.
Speaker A
Yeah it's going to get uh somewhat near to the 50%. it's going to try to give you a normal bias because you know if you increase the number of uh you know aggregations you want to look at you
Speaker A
know and there's data your data you are still using is 200 it's not going to be able to give you the best you know amount of results okay so if you increase the DTL yes that can h that can
Speaker A
actually help you to get a better bias but I use it only for one day now earlier I used to you know use it for 3 days you know whenever the market was around Wednesday or Tuesday, I use it
Speaker A
for three days, you know, just to get an overall overall bias that you know what it's actually telling me. Does that make sense?
Speaker A
Yeah. So tell me, Ragav, you use this for one day and then before market opens, do you go and mark up these lines uh in your chart like you'll draw line on Okay.
Speaker A
Yeah. Yeah. You know, fractal gives you levels and odds. There are two things that you, you know, want to look at uh while using fractals. It just gives you levels and odds, right? Got it. Odds to hit, level or odds to break. That is
Speaker A
the, you know, the best thing about the fractals if that. Okay. Yeah, it makes sense.
Speaker A
So, this is for the 3-day and this is the part for it. You know, for the upside, we have this part right here that, you know, the the next candle that can form should be a lower candle and
Speaker A
then we're going to see upside. You know, it's just telling you a probable path.
Speaker A
Okay? Right? And you know it's telling you right here the second path that the market can take is that it uh opens you know above the L1 close and then you know it goes for the downside for the
Speaker A
downside target right. So how do you see which one is the most probable probable path?
Speaker A
Of course you got to go with the bias. You got to go with the bias. Okay. And bias you know it gives you the odds.
Speaker A
Yeah. So the bias is upside and so that the one that is is leading toward the uh the longer side is the most probable.
Speaker A
Correct? Yeah. Okay. Yeah. So also these dots right here I want to talk about these dots. These dots are also targets you if you mark them on your chart. These dots right here.
Speaker A
Yeah. These are the previous 200 days uh closes. Okay. Okay. In respect to the L1. So these can also be used as targets if that makes sense.
Speaker A
Uh why could it be used as closes? Does data like typically show that uh these are good uh targets?
Speaker A
Yes. You know even in the system it's telling you right here uh where green dots targets you know if I click on this thing right here you know it marks those right green dots. So what is the generate buy signals do? It is
Speaker A
considering the highs and the lows and the close of the previous 200 days load and giving you probable targets according to that.
Speaker A
Okay. So that is why it is uh giving you know consideration to the previous 200 days closes either above or below that L1 close.
Speaker A
Yeah. And so why does it do it in relation to the L1 specifically? Because I have chosen L1 here.
Speaker A
You chose L1 all but why specifically like that last L1 candle? Because the L1 formed right here.
Speaker A
Okay. So it's the it chooses the the the most recent L1 is that the candle.
Speaker A
Okay. Yeah. Because you want to see for tomorrow. So you know you got to look at the recent L1. Then only you're going to get the data for tomorrow.
Speaker A
Yeah. So if it ended if the market ended on an H1, right? Like let's say that was the last candle. Would it still go pick the most recent H1 or would you want to change it to this? The thing about this tool, you
Speaker A
know, this tool is still incomplete. uh there is you will still use the L1 all okay because there is no another low okay if that makes sense even if my personal suggestion even if we do see L2 I would
Speaker A
suggest you to use the um like the L1 all because it works in my opinion okay when you select L1 all it uh when you're comparing the consideration of all the highs and lows in the last 200 days it's comparing this to the most
Speaker A
recent L1 yes in the market perfect you got So this is what it's doing. So does all of this make sense to you?
Speaker A
Yes. So uh if you watch this video again, will you be able to replicate?
Speaker A
Yeah, 100%. Perfect. Sounds good. Very good explaining this, Rob. It's it's very If you got any questions about this one, I know that this is the probably the most difficult uh in my opinion. If you got still got any questions, you can
Speaker A
just let me know. I will 100, you know, you can think of it. because uh you know I understand that this one is the most difficult one and it also took me some time to understand you know what's really going
Speaker A
on. Okay. Yeah, I One question I wanted you to ask is that what are these uh you know candles that are forming.
Speaker A
Oh the the Yeah, I didn't even ask to be honest with you. Can you take a guess? Can I take a guess on what uh I would assume that the candles are where it moved like it didn't close there but maybe there's a
Speaker A
move uh over there. Yeah, exactly. You know, you're not wrong. U there's no wrong answer to this. So, basically these are the candles of the previous 200 days.
Speaker A
Okay. You know, it's matching to these close price, right? Yeah. Also showing you that these can be the possible candles for the next day. Okay. For example, if you match, you know, the low is forming to this candle right here. You know,
Speaker A
it's matching to it, right? The low right here and the high right here. Does that make sense?
Speaker A
Yeah. I also have actually now that I'm I'm thinking of questions. Say you do this on a Friday, how accurate is it uh to the next Monday because there's those three days of uh you know non-trading.
Speaker A
Okay. So, it does not consider that you are using Monday, Tuesday, Wednesday. It doesn't care. It cares about the highs and the lows.
Speaker A
Okay? It cares that you're at L3, you're at L5, you're at L1. It cares about that.
Speaker A
It doesn't care. Yeah. You're on Friday or Monday or whatever, you know. Yeah. Because it's considering the highs and the lows. That is all the concept is about. That is the basics of Okay.
Speaker A
Right. And next to your question forms it it's it's considering it. Yeah. So it's considering the highs and the lows, not the day.
Speaker A
Even if it's after aftermarket hours. Yeah. Okay. When the Yeah. You got to use it when the market closes because you know, of course, the close price, you never know what the close price is. You know, you can always make an estimate, but you
Speaker A
know, you never know what the actual close price is and you got to use it for the actual close price to get the actual odds for tomorrow or the day after that or the day after that.
Speaker A
Got it. Okay. So it's the the previous 200 days uh closed prices. Yes. Correct.
Speaker A
Okay. Okay. Look uh you know it's mark the close price right here. The close price 55.45 and same thing right here.
Speaker A
Awesome. Okay. Right. Yeah. So this was all about the general buy signals. Should I close it? Any other questions?
Speaker A
Yeah. Uh was this minimal target, low target, average target, high target on the right side? You know I I mentioned this these targets five minutes ago that these are the targets for the upside.
Speaker A
Oh okay. If you're biased for example you know we are using three days so 50% 53% chance.
Speaker A
Let's say we're going to have a long bias. So these are the targets. It's giving you the targets for the upside.
Speaker A
Okay. Yeah. Perfect. All good. Yeah. Yeah. Sorry. Thank you. Okay. So next thing we got is the show options.
Speaker A
I think so I discussed the sr.st state machine right? Yeah the open state and the close state.
Speaker A
Yes correct perfect. Now if I reload right here so tell me how do you know what what uh waves and days to load is the best to pick and aggregations uh experience. to be honest I I cannot um you know just give you an answer to
Speaker A
that pretty easily because it's all experience according to I have you know marked these uh time frames right here according to my experience that you know what I feel that you know the vector on it works the best or the pivot on it
Speaker A
works the best or the geometrical patterns I see works on it the best okay most of the I've seen use these time frames too so you know these work the best if you want to copy these you know it's right
Speaker A
here it's being recorded Sorry. Yeah. Awesome. This is a bit uh like different concept, you know, other than the fractals and stuff. Okay. This is not related to the fractal stuff right here.
Speaker A
Okay. Okay. So, you see these uh peaks right here? I'm going to use the word peaks here, but I'm going to change it pretty soon.
Speaker A
Yeah. You see these peaks right here? Yeah. So, the green ones, you see the green strikes right here are the balls. Are the call walls are the call walls? Okay.
Speaker A
What do I mean by the call wall? Take a guess. I honestly have no clue.
Speaker A
So the call wall is like a resistance. You know, call wall means it's a resistance. Uh it's like a wall for the upside right?
Speaker A
Okay. So it's a wall. It means that it is a resistance. For example, you see the peak right here, right?
Speaker A
Yes. It's at the 558 strike. It's written 558 strike right here. So it is the it's telling me that C558 is a call wall. It's a resistance.
Speaker A
Got it. Does that make sense? That makes sense. Okay. Then we have the 560 call wall right here.
Speaker A
Can you see it? You see the peak right? That is the 560 call wall. Now this is what I personally use of open interest data.
Speaker A
I mark these balls. I have them on my chart. So basically when you see that you know the peak is very high like right here right right here the peak was you know pretty big right that is my
Speaker A
target you target the call and the put walls yes because these are point of interest so this is so here you know these peaks are because of the open interest on these particular strikes there's higher open interest that is why these are
Speaker A
point of interest for the market makers if the market makers uh let this strike right here in the money, they're going to lose money. They do not want it to go in the money, right?
Speaker A
If the price gets below C553, that means that the uh sorry, P553, that means that P553 strike was let in the money and the market makers are not going to like that because they're going to lose money.
Speaker A
Okay. So, you're saying is that where the market makers took their position? So they don't want it to have go that low you know that is I to be honest yeah I that is the basic answer I can give you
Speaker A
but I cannot you know tell that what the market makers are actually thinking but this uh is the basics of it that the market makers do not want to break it we don't want to let that strike in the
Speaker A
money if the OI is very high on it okay okay then for the upside do you know we talked about the calls right when you say OI you mean open interest and so you mean when there's the high
Speaker A
peak. Yes, correct. Okay, 100%. So, this one right here, is this a call wall?
Speaker A
Uh let's see on your cursor. Yes, I I assume it's a call wall. Yes. So, what is the strike for it? That is 565.
Speaker A
Okay. So, that is a call wall. And uh for yesterday, I remember the reversal happened around um 552.7 something area that is very near to a 553 call uh put ball. So the market makers did not want any break of it.
Speaker A
Okay? Right? And that is why we saw the reversal yesterday. If you remember, if you look at your chart right now, we saw the reversal somewhere around that area around the 552 area.
Speaker A
Yeah. Interesting. Okay. Yeah. That is why I like to use these balls, you know. Uh also these uh this open interest data updates uh every single day at the open and it does not update uh a single time throughout the
Speaker A
day. Oh, okay. Okay, perfect. Does that make sense? The the open interest you do the night before and you mark up the chart and you use as target.
Speaker A
No, not the night before. Uh you got to do it at the open. At the open because that uh that is when it updates.
Speaker A
Uh so what time does it update? like for the first 20 minutes the opening takes 9:30. So like you do you start marking up your charts at 9:30 then?
Speaker A
Yeah. Okay. I mean sometimes I have it in mind that you know these numbers are pretty easy to you know this there are no pointers on it. So it's easy to remember it's 553 552 or 555 you know.
Speaker A
Yeah. Yeah. So you write them. Yeah. Yeah. You can ask your dad about it. So you know I give him the levels for this and you know we keep it in our mind that you know when the price gets near it.
Speaker A
Yeah. So next up we have the average strike call. Now this is similar to the ball average strike put but the market makers do not want to break this. Okay. If we break this that is considered outlier.
Speaker A
Does that make sense? Even sorry uh what the average strike call wall. Yeah. That green.
Speaker A
Yeah. Yeah. Okay. And even if we break it there's a high probability we come back to it.
Speaker A
Okay. Okay. Market makers don't like to you know break this wall. They always I've always seen it that the market tries to come back to it and tries to hover around it even if we do see a break.
Speaker A
Does that simple concept about it? That makes sense. Okay. So if you understood this concept right here, I think so we are pretty much set uh for the other stuff we're going to talk about right now. So it's
Speaker A
pretty good that you understand this to be honest. Yeah. Uh does the uh close and open state often line up with the uh open interests? Yes, there's a some sort of relation with it and the relation when you see these voids happening you know
Speaker A
that this uh dips right here these dips right here but that you know indicates that market makers are actually positioning for that close you know the market makers are positioning for a close on the valleys yeah and yesterday wasn't the best day
Speaker A
for it but some days you're going to see that there's a valley on two strikes okay for example you could sometimes see that there's the value right here and valley right here. So there is tip on both the uh put sidei and the call side.
Speaker A
So that is the best area of interest for them to close. Okay. So let's talk about these lines right here that you know what do they actually do? So this is the frequency. Okay. And where you see that
Speaker A
the frequency is going flat like it's going flat right here that means the that you know the market makers are not positioning for that area. where you see it rising like a peak right here till right here. So it's rising that so it's
Speaker A
telling me that around 564 area you can still expect that that the price can go there. Okay. Same is for the downside right where you see that you know there's some sort of peak right here till right here.
Speaker A
So you know market makers are going to be interested in that area. Okay. I'd suggest that you know you just use the call walls and the put walls. They work the best.
Speaker A
They work the best. Okay. Yes. I just want to make sure I'm understanding that that those uh the lines represent the frequency and when it's flattened the market makers are not positioning for that area.
Speaker A
Correct. Correct. Yeah. Okay. Okay. So, next up we have some settings for the linear graph. For example, if I turn on this that turns on the linear graph like along the fractal graph.
Speaker A
Okay. Okay. So, you know, it's up to you if you want to look at the linear graph and also it marks the vector for it, right? Okay.
Speaker A
This is the same vector we're going to see at the wave 10 15 minute. It's just marking it right here uh with the linear graph. Does that make sense?
Speaker A
Yeah. Okay. Perfect. So, next up, we're going to move to the pivot graph settings. For example, if you want to change the um you know the mode for it. For example, you have the light mode and the dark
Speaker A
mode for your phones and stuff. You know, you can the same right here. If I click on dark, it should be dark. If I click on bright, you know, it's all bright right here.
Speaker A
Yeah. So, uh I don't want to get blind anytime soon. And then we have the night one. You know, this is pretty cool too, but I keep it on the default as star. Next up, we have the fractal graph. So, basically
Speaker A
analysis visible. So, what do does it mean by analysis visible? It shows you the double bottom. Okay. So, what is the double bottom? In most conditions, it is the first open state below the pivot.
Speaker A
Does that first of all let me ask? What's the double bottom? I'm going to tell you, but do you understand that it is the first open state below the bill?
Speaker A
Yes. Okay. So, double bottom what it does is that it tells you that there's a 51% chance that this open state is closed.
Speaker A
This there is a higher probability for this open state to be closed below the pivot. That is the what the double bottom is.
Speaker A
Okay. So there's a there's literally a 1% more chance that that open a higher probability target.
Speaker A
Yeah, it's a simple thumb rule about it, you know. Okay. Yeah, pretty simple concept. And then we have the mountain switchable. This is more like a visual tool. Nothing to do with the analysis, right? And then to be
Speaker A
honest, what should we probably talk about? We can talk about Yeah, we can talk about the pine uh pine candles.
Speaker A
Okay, pine graph. Okay, so if I click on dot right here, you can see that the candles have changed. So this is like this tool right here. These candles right here are not available in any other software. Okay, so what I'm going
Speaker A
to show you right now, so you see these dots. Yeah, let me just check volume. Yeah, I'm going to remove that for now. You see these dots? So these dots are showing the close for that 15-minute candle.
Speaker A
Okay. Okay. You see this candle? This dot right here, that is the close for that 15-minute candle at 15:45. And the same right here at 15:30. Does that make sense? Simple.
Speaker A
That makes sense. Perfect. Should I move on? Okay. So, next up, if I click on volume square, so it's going to integrate volume with those candles.
Speaker A
And what do I mean by volume? Basically, you see those squares right here. These volume squares are they are they replace the dots.
Speaker A
They're squares now. Yeah. Yeah. These squares right here. Okay. Let's take a clear example. So, there are four squares right here means there is 4x the volume. So, this is a high volume candle.
Speaker A
Okay. So, it's telling you that and sometimes you see that let me use a lower time frame maybe. So when you see that some of these dots are you know collected in one place like right here you know a lot
Speaker A
of volume is congested in one place it means that the market is preparing for a sort of reversal.
Speaker A
Okay. So when the when there's a lot of squares uh when there's a lot of closing candles that have a lot of squares that are very close together is a reversal and we saw it. Same as right here right? Same as right here.
Speaker A
Does that make sense? Yeah. And same as for the downside, you know, when the uh market is going to be below the vector, of course, it's bearish, right? Basic group. So, it's going to represent all those squares, all the closes as red.
Speaker A
As red. Okay. Yeah, that's that makes sense. That makes sense. I hope it's not getting too much.
Speaker A
No, it's not too much. Actually, it's perfect. Al also, I like I like seeing a lot of information. Then I go and I rewatch these videos like two or three times and, you know, then we have the macro trend. I'm going
Speaker A
to talk about the macro trend right here. So, you know, you see this macro trend right here. You know, I explained to you about it.
Speaker A
Uh the bottom one with the the standard deviation, that's a macro trend. This one right here, this green and the red. Remember, we talked about it last time.
Speaker A
I don't remember talking about it last time. You don't? Okay. No. Okay. We can talk about it again. So, basically, it's showing you a bias where you see green macro trend. they're going to be uh like the cycles above the pivot
Speaker A
are going to be bigger. So telling me that I remember. Yes. So when a cycle is a transition from above to the below the pivot, the lowest low uh is to the highest high and that's that's considered one cycle.
Speaker A
Yes. You remember that? We talked about it. Yeah. Yeah. And then the macarren. We're going to talk about the macro trend. Macarren basically means a bullish bi. basic green macro trend basically means a bullish bias and the red macro trend
Speaker A
basically means a bearish bias okay you know and when there's a green macro trend the cycles above the pivot are going to be bigger you see here the cycle is bigger compared to the downside cycles like right here
Speaker A
yes and same as for the reduh red macro trend right here the cycles are bigger right when you say bigger you mean like longer yes I mean of longer and bigger.
Speaker A
Yeah. Yeah. So, yeah. And in the red macro trend, uh you can see here it did not work out.
Speaker A
But you know, it was fluctuating here. Again, consolidation, it ruins it all. When you see consolidation, so the macro trend also get confused that you know what the market direction is currently.
Speaker A
Okay. So, consolidation confuses with the macro trends. Yes. Correct. 100%. Right. So, this is the pretty simple concept of the macro trend. Now, if you want it on your chart, like this chart right here, you can actually, you know, add it through
Speaker A
this tool right here. Okay, for the long macro trend, I'm going to increase the opakqueness to 80. Then, let's say I'm going to change the color to green.
Speaker A
Right. Uh, now look at the macro trend and this chart right here and the chart right here on your fractal chart.
Speaker A
Yeah, this is a lot more visible. Yeah, you see the macro trend is marked right here on your chart along with the macro trend that is shown right here. So that is same macro trend.
Speaker A
Okay. Right. And same I can do for the short color I want to do it red. See it's 85 and you can see wherever it's red macro trend is just marking it red. Does that make sense?
Speaker A
That makes sense. Yeah. Perfect. All good. Yeah. And that's okay. That's in the macro trend setting.
Speaker A
Yeah. So it's matching the macro trend basically. Basically, it's not a different like whole new feature.
Speaker A
Basically, whatever macro trend you have right here, it's just marking that. So, what the wave analysis does. So, it shows you path in simple words. Remember what I mentioned about the mean wave?
Speaker A
You know what the mean wave is? The mean wave is the average of all these waves right here.
Speaker A
Okay? And you know why I mentioned that you know there's probably downside or the upside. If all these waves if the average of these waves is uh you know showing you that the market should go below the 30% band that means that the
Speaker A
overall fear is for the downside right most of the probable parts are below the 20% band right here you see okay so these curvatures these are parts so it's showing you all these pots right here you know this is a pot
Speaker A
the downside if this is the general trend that's uh like is assuming it's going to go down who exactly Like I you you're saying there's a general fear for the downside. Like who? Like uh like you talking about market makers?
Speaker A
Yeah, market makers. So basically they're going to position for the downside. Market makers are going to position for the downside.
Speaker A
Yeah. And this doesn't have to work 100% of the time, but it gives an overall bias uh where the market can go if that I mean that's pretty clear to you I guess right?
Speaker A
Yeah. So this is uh what I personally use the wave analysis and you know where you see that a lot of curvatures are happening like right here two waves are creating uh you know forming a curvature that is like a support area
Speaker A
it's a strong support like that that price correct a strong support same is with the mean wave mean wave is a strong support or resistance level now if I go back a bit in time and show you the
Speaker A
candles for the upside yeah you see The probable path showed me that you know market can go above the 20% band even though we did not see it but we saw that the market went above the 50% band and
Speaker A
most of the you know the projected uh wave paths you see are above the 50% band right here. Correct? Yes. And there's a strong resistance right here.
Speaker A
You know you can mark it on your chart. You can see curvature prices on your chart and you know they can help you with reversal prices if that makes sense. also continuation. For example, if you see that this uh wave is being
Speaker A
broken, you can target the next wave. Okay. You want to say you want to target the the coverage because those are like the peaks and so those are good points of interest and exit points.
Speaker A
Yeah. Yeah. Yeah. Yeah. Also, you can see when you if you look at very closely, if you just zoom in, there's always one path that the market chooses.
Speaker A
Okay. For example, right here, the market chose this path right here and you know it reversed from that exact high of the wave.
Speaker A
Yes. You see that? Yes. That is why I love using this tool because in the fractal charts it just makes it super powerful for me according to me.
Speaker A
Okay. And this when does this all updates at 9 uh 9:30 in the morning?
Speaker A
No, no, no, no. This updates whenever there is a transition. So the system is calculating that it is nothing to do with the options data.
Speaker A
Okay? You know whenever there's a transition you can see right whenever there's a transition these waves change the mean wave changes and all that right it changed right because there was a transition and so how how far behind is this
Speaker A
fractal data behind live market? Uh for the futures it's 10 minutes and for the indices like we are looking at right now it's 10 to 15 seconds max to max. there.
Speaker A
Yeah, it's not that they like you can use it. Of course, I use it every single day. We have Yeah. So is only 10 to 15 seconds behind. Wow.
Speaker A
Yeah, it's not even it's nothing to be honest. Okay, so let me just take a look at the feature we had uh the bullish and the bearish filters. So filters is very similar to your probable bands because it does the same thing. For example, if
Speaker A
you see 10% right here, 10% filter. So, it's telling you there's a 10% chance that we see rejections, a rejection from it. Does that make sense?
Speaker A
So, could you repeat that one more time just so maybe I get it? Oh, and now that I see the ban, it makes sense. So, off that off that top line, there's a 10% chance that no 50% chance because I have the 50%
Speaker A
filter. There's 50% chance of reversal from it. Okay. Now, if I go to 90, so there's 90% chance we see the reversal from here.
Speaker A
Simple. Yeah, I that make sense. Yeah. Do you do you personally use this often?
Speaker A
I use the average. You use the average that which is what we went over before.
Speaker A
Yeah, this is the average. Now, what it does, it shows you a breakout level.
Speaker A
It shows you a what? Breakout level. A breakout level. Okay. Yeah. Basically, it gives you a range for above the pivot and below the pivot.
Speaker A
And when the market breaks it, it basically outlier. You can expect, you know, basically an outlier move to the upside or the downside. And you can see it right here.
Speaker A
Yeah. breaks this average uh filter you you expect an outlier move uh of like a big breakout.
Speaker A
Yeah. Okay. And then the next thing we have is the group filter and the group filter right here.
Speaker A
So the group filter in most conditions form whenever like there's some sort of cluster there. You know above the pivot there was no cluster right here. So it did not show us any like a group filter uh formation. Okay. Like right here,
Speaker A
what is a cluster? Basically, whenever these black lines, you know, uh, uh, collect in just one place means that there's a lot of reversal from just one place, it tells you that, you know, that is forming like a cluster, if that makes
Speaker A
sense. What do you What do you mean the black lines? I didn't see you talking. These black lines, these imprints.
Speaker A
Oh, those imprints. Okay. Yeah, you remember these, right, from our last uh last call.
Speaker A
And those show you a cluster, correct? So that is the cluster and that is a strong reversal area. Let me just go to any other time frame wherever there's a cluster for me to show you.
Speaker A
And we said the thicker the the line the bigger the cluster. The thicker the line there is the higher the chance that there going to be reversal from it. And you can see right here there is a cluster right here.
Speaker A
Right. Yeah. So that is a uh that is like a probable area for reversal. You can expect reversal from there. Right. Because why why do I say that we're going to expect reversal from there? Because in the past
Speaker A
50 days because of the days to load VI 50 it it has shown me that you know market has reversed from this area right a lot of times because where the market has reversed.
Speaker A
Yes. So basically uh these imprints I remember that I actually explained this that when these imprints actually form these imprints form for example you know the market reversed from 534.39 right here at H2 right you can see my cursor
Speaker A
right yeah right and when we see a transition that you know that high is going to lead to the formation of an imprint okay and then these these imprints get collected in just one place that forms a cluster And when do they collect in just
Speaker A
one place? Whenever there's a reversal from that one particular area, way too many times. For example, reversal from this area uh reversal from this area happen here, here and then here, here, here, here. And also and so that would be that would be a a
Speaker A
good target for a reversal. And a reversal is defined as uh a reversal is defined as a change over the pivot.
Speaker A
A reversal is defined as a transition below the pivot. Yes. Yeah. Okay. Yeah. So that is like the basics about the cluster. Basically, you know, I use personally use the cluster uh whenever I want to look for a
Speaker A
reversal and it most probably forms near the 80% back. And of course, you know, remember when I was talking about the macro trend, you know, sometimes you do see this uh squeeze that the market is in the squeeze and it stays in the
Speaker A
squeeze and there's no explosive move. You can see it right here. Yeah. It's all in the standard deviation squeeze, but that we don't see any volatility. Yes, exactly. And you know, here we did see the explosive move. Does
Speaker A
that make sense? Yeah, that makes sense. Yeah, that is why I like to use the standard deviation squeeze, but I use this for my swing setups, right? Because on the daily, it gives you a much clearer idea that, you know, you can
Speaker A
expect a squeeze here, you can expect a reversal here. For example, if I go to the page 7 daily, you're going to see that the standard deviation is much more clear here. Okay. For example, squeeze right here. And you can see the
Speaker A
explosive move. Yes. Right. So that is why I like to use the standard division squeeze mostly on the daily time frame if that makes sense.
Speaker A
Right. That makes sense. Okay. The next thing we got to talk about is the yeah markers. So basically H&L basically if you read these they're going to make sense. Okay. There's no rocket science in it. So H&L above and
Speaker A
below wave sequences. Basically it marks whether the wave sequences are forming high or lows. Basically it it's going to mark the H and the L alphabets.
Speaker A
Okay. If there's L formation right here, so it's going to mark it as L but not going to show the two number. That is the next feature number of aggregations to the H&L value. You see right here it's
Speaker A
forming L2. So just showing you that. Okay. And show price above and below the wave sequence. Wherever it forms the high, it shows you the price that well it's the price of the H1 or H2. For example, H1
Speaker A
right here. Then we saw the reversal basically. So the uh for the cycle the high was 55.70. Does that make sense?
Speaker A
That makes sense. Okay. Show the differentials between the H&L price. Basically what it does is that it tells you right here that you know from this low to this high right here. You know the difference was 2 and
Speaker A
a half uh $2.05. Okay. That's all you know from the cycles remember. Yes. So, and then it shows you the percent change value from that, you know, cycle 0.4%.
Speaker A
It's written right here. Yes. From this low to this low, there was 0.5%. Does that make sense?
Speaker A
That makes sense. So, I'm seeing all this information, but how do you how do you put it to use? like uh now this is like uh for your own ITF that you know if you want you know more of a visual
Speaker A
tool that you know and I look at the price above the wave sequence what is the price for the H1 you know you can just use that you know that is why I did not have it on because I don't have to
Speaker A
use it right yes uh you know remember what I mentioned about the analysis paralysis you don't want to use every single thing okay this is again like a charting software like trading view to or motivate you know gives you
Speaker A
all the levels then it's up to you that whether you want to use it or not right yeah so yeah so that makes sense just take the wave you just put I'm going to use the wave analysis uh with the multiple waves
Speaker A
correct yeah wave analysis open interest OMM mm and uh yeah spread monster okay maybe I'm missing uh something but we can you know cover that uh when we go on basically now show the time for the H&L value so basically it's the time again
Speaker A
then you know what was the time when the high form but was the time in the low form. This is like more of a visual tool, right? Does that make sense?
Speaker A
Yeah. Yeah. So, what it does, this is basically uh you see these imprints right here. This is again a visual tool. So, it's marking those uh H&L dots right here. Okay. For example, at this low right here, you can
Speaker A
see the dot and this these lows right here, you can see the dots. And then we have the double bottom. Now, I like to use the double bottom. I want to see that, you know, if there's a higher
Speaker A
chance to see a particular open state, of course, I'm going to use it. Basically, it shows you that, you know, when that the date and the date uh for that high to form. For example, this formed on Thursday uh and 10th of June,
Speaker A
I guess. No, 10th of July, sorry. Right. So, this uh basically showing you that this H11 formed at Thursday uh 10th of July.
Speaker A
Okay. So, it shows you when the uh level was formed. Yeah. Yeah. Exactly. You see these imprints?
Speaker A
Yeah, these imprints are the open states only. We just discussed this 10 minutes ago, too. I'm so sorry. Yeah, no, no, no. It's all good. It's done, right? It's no problem. That's my job.
Speaker A
So, you see that, you know, these highs and these lows are not covered by price, right? This one's covered. This high was taken out, correct?
Speaker A
Yes. But these lows and highs haven't been taken out by price, right? open. These are open targets.
Speaker A
Yeah. Okay. And basically that's how the open states are formed and the close states are formed right here when the price closes it. Let me just go to the graph settings. Next up we can talk about is the show guide uh guidance navigating
Speaker A
fractal information. This one remember we had in our previous session on right. Yeah. This tool right here. So basically what it does it gives you targets. Now this is pure spoon feeding kind of uh tool and I love it and what it does it gives
Speaker A
you targets for above and below the pivot. So basically when the market is below the pivots for the downside it's giving you targets.
Speaker A
Okay of course this is a higher probability that the first target target gets hit compared to the downside targets. Now even if I go back a bit in time you can see the targets for the upside shown here. Market doesn't have to close it.
Speaker A
It's just, you know, for a beginner perspective, it's just giving you targets. And personally, if you ask when do I use this? I use this on my daily time frame for my swing setups, you know, when I need targets.
Speaker A
Okay. So, use it on your daily time frame. Okay. Yeah. Uh daily time frames means above wave 7 daily like wave 20 daily, wave 50 daily, wave 7 daily or wave 10 daily like that. Now, we have the show cycle
Speaker A
analysis. Now this is a bit uh remember the cycle concept. Yes, I I do remember the cycle.
Speaker A
Yeah. So keep that in mind. Okay. So it's going to be used here. Okay. So let's talk about the cycle analysis. So first of all I'm going to tell you that what it does and then we're going to get
Speaker A
to the analysis part of it. You see that this uh bar right here basically this toolbox that is forming right.
Speaker A
Yeah. So that is the cycle analysis. Now if I click right here it's going to disappear.
Speaker A
And here that is the cycle analysis. You see the cycle analysis above the pivot it's forming right here. So what it does it basically forms one cycle from this high to this high.
Speaker A
Okay. Okay. That is considering like one cycle. Now it tells you how many aggregation it is right here. From you know it's forming the arrow from here to here it's 19 aggregation. So it's telling you the uh like the number of
Speaker A
aggregations that form in that cycle you know according to the cycle analysis. Does that make sense?
Speaker A
When you say the number of aggregations do you mean the number of candles that happen during that?
Speaker A
Yes candles. Right now same as for below the pivot you know you see the cycle analysis here from this you see the uh line right here that's forming.
Speaker A
Yes. As you see it's exa it's exactly matching the L1. So from this L1 to this L1 right here, there was 16 aggregations.
Speaker A
16. Okay, does that make sense? That makes sense. But where do you see the where it says 16 aggregations on the bottom? Okay.
Speaker A
You see the number 16 here? Is it this? Yeah, there's also two blocks on the bottom side. Yeah.
Speaker A
Yeah. So basically it's trough to trough and peak to peak. Peak to peak here, trough to trough here. So basically now how do you use for analysis? when you see that there are repeating numbers on your uh cycle analysis. For example, if
Speaker A
you see eight being repeated again, so that is like a probable probable number for reversal according to the previous data, right?
Speaker A
Yeah. Does that make sense? Okay. Same is for above. Now it tells you that the average cycle is 24 aggregations even though this one they don't match it. So basically you can use it as a target uh either for the upside or the downside.
Speaker A
Let's say that the market is right here and you're looking forward to you know trade more to the upside and you know you're wondering that okay how many more aggregations can I expect here so basically how many more highs can I
Speaker A
expected that is your question right and you can look at cycle analysis that you know we still have buffer for six more candles even though it doesn't have to follow that route is it going based off the previous cycle
Speaker A
or the like the total amount of cycles like the total average of all the cycles Average is like uh uh like considering all these cycles right here and then giving you data.
Speaker A
Okay. So the average cycle is 24. So that's saying like oh we have five we can expect five more highs before a reversal.
Speaker A
Yeah. Six more or six more. Yeah. Yeah. Six more highs before reversal. That is what it does. That is what the cycle analysis is about. And then okay you see this small macro right macro trend right here.
Speaker A
You see the green and the red red. Yes. That is like in each cycle this tool gives you a separate macro trend along with the main one right here.
Speaker A
Okay. So, but the cycle for the macro trend is different than the cycle for this.
Speaker A
Yes. Uh yeah, it is more sensitive to the price action. Which one is uh this one? This one. The cycle one is more sensitive to the price action compared to this one.
Speaker A
Cycle analysis cycle is more sensitive to price action. Yeah. Okay. So that is uh all about the cycle analysis. I personally use it sometime just to know that you know like what how many like what's the aggregation number we are forming on the
Speaker A
current cycle and what was the average to actually you know get that if you if you're going to see a reversal or not here. Okay, according along with the other confluence if I'm looking for one and okay so next up we should be talking
Speaker A
yeah sorry we should be talking about the imprint bands now imprint bands is pretty easy I guess now it's going to be understood when I click this on so are you able to understand what just really happened here
Speaker A
yeah the more lines popped up that the bins uh popped up I think they're gone and there's also additional lines exactly so basically all the imprints above the pivot are marked with green and all the uh sorry all the imprints u
Speaker A
below the pit are marked with red. Yes. Are you seeing that? So that is what the imprint band does. That's all.
Speaker A
That's all. Okay. It's very visual. Yeah. It's Yeah. Exactly. A visual tool again you know because these lines do not extend till here. So if you want a visual tool that you want to look at them. So you know for example the if you
Speaker A
assume that there's a cluster forming can see a lot of red color right here.
Speaker A
So that's a cluster right? So you're going to mark that as a support on your chart.
Speaker A
Yes. Linear chart. So that is uh it's like a more of a visual. So that is all about the graph settings. Uh let's talk about the uh data warehouse. Yes. So I'm not basically if you know uh structured
Speaker A
query language coding so you're going to be doing pretty good with this tool right here. But I'm going to go through that some of the inbuilt default queries in it. For example, for the Monday volatility, you know, you can run this
Speaker A
query right here. So, basically what it does is that we have our different databases and in those databases, you can, you know, make code and derive data from it, right? Okay.
Speaker A
Because basically, if I want to look that the what was the day range for Monday, you know, for all the Mondays, right? So, you know, you can ask for that using this query right here. Does that make sense?
Speaker A
Yes. And you know, how to use it? Now how I personally use it is that I get the spline chart on and basically it gives me sort of a chart for support and reversal area. For example, this is in
Speaker A
the ascending order. So I should see the latest ones right here. So basically we are at a low of uh the range. So next Monday we should expect a higher range probably in the above the five area.
Speaker A
Why? Because you can see right here when we saw this low right here we saw uh a range like around 10 right near to 10 about this was about seven I guess right yeah and whenever the market is in this
Speaker A
area you know the day range is in this area this lower area we do expect some sort of higher range the next time got it okay so that is uh how I use the day range now there's a lot of stuff about the
Speaker A
structure query language now if you know coding when you log to your system and look at this tool right here and understand it yourself. Okay, I was just trying to show you that, you know, what it actually does and what kind of stuff
Speaker A
do we actually have if that makes sense. Yeah, this is very interesting. Yeah, you know, you can also look at the OMM data, you know, if you know the OM data uh or I'll just explain it to you
Speaker A
in a bit, you know, like the Monday range, Tuesday range, and the Wednesday range. You have those, right?
Speaker A
Okay. Yeah. So, basically, it's giving a lot of stuff. Basically, you have a lot of databases. So, if you know coding, you're going to be able to, you know, derive all those queries and, you know, derive data. For example, if you want to
Speaker A
look at the ceiling and floor and the PML price of the latest updates on all the uh tickers, you know, you can see it right here. So, that is uh all about this data warehouse. So, this is like
Speaker A
nothing for me to explain it to you. If you know coding, you're going to be able to uh understand it pretty well if that works.
Speaker A
Okay. Next up, we can talk about is the algo fun. But this is the algafon. So basically algafon is a very visual tool.
Speaker A
Again this is what it so it gives you uh kind of an edge over uh your setups.
Speaker A
Basically, you know, this tool is that it makes sure that you do not lose any kind of setups, right? So, you know, whenever if you have a setup in your mind, for example, you trade that whenever the price gets above the 80%
Speaker A
band, I'm going to take that call. So, you know, you can code in here like right here that, you know, if you want uh the price to be above the 80% band, it's going to show you all the tickers
Speaker A
above the 80% band. Does that make sense? Yes. And then we have different algorith.
Speaker A
Now if I click on it. So here it it is showing me that all the updated tickers with the call put walls on them. So now if I click on storyboard. No for a storyboard I need to have algo.
Speaker A
Now if I click on search it's going to give give me all the algos with the call input wall. Basically all the tickers with the call input wall. Does that make sense? I basically made a PDF uh showing
Speaker A
all the codes uh that you know like giving you a kind of walk through with the codes that you can use with the algo fund and I'm going to send it to you in a bit. It is already there in the video
Speaker A
if you remember. We made a video on the uh algo fund. It is still there on our YouTube channel and you know it explained that how you are supposed to use the algo fund and all that. Okay.
Speaker A
Awesome. I'm just explaining the basics of it. Now if I click on storyboard, what it's going to do it's like it's going to create the storyboard that you know these charts are going to update every three or two seconds like that. You can
Speaker A
actually change the time and if you want to you know keep it on your second chart you can actually do that you know second monitor you can actually do that you can just have it right there so that you
Speaker A
know you do not lose any setups if that makes sense. Next up we can talk about is basically I want to talk about the mm data. Okay. So how to derive the mm data? You remember we talked about the ceiling and the
Speaker A
floor and all that stuff, right? Yes. So how to actually derive that? Now if I click on current here load, I can you first of all you have to load contracts.
Speaker A
Okay. I'm going to load the July 11 contract which is for tomorrow, right? Yeah. And I'm going to calculate the MM data.
Speaker A
You're referring to the ceiling and floor we spoke of earlier this session. Like we didn't because we didn't speak of uh the ceiling and the floor when we met. um on the 30th.
Speaker A
No, sorry. Can you repeat that? Yeah, you refer when you say uh like ceiling and floor. We haven't we haven't talked about we didn't talk about that last session. This is like a Yeah, I didn't mention Yeah, of course
Speaker A
we're going to talk about this session. I'm mentioning it for the first time here.
Speaker A
Yeah, I just want to make sure. Yeah. No, no, no. We did not talk about this one. Yeah, this is a difficult one to understand. Not difficult, but yeah, it's it is a bit it is a bit different
Speaker A
from all the other stuff out there. Okay, if that makes sense. Yeah. First of all, I'm going to tell you the basics. This is the ceiling. This is the floor. This is the PML. This red line right here. And this is the green price
Speaker A
line. Okay. Does that make sense? Yeah. So, basically this options uh data you see is about 3 to four minutes delayed.
Speaker A
Okay. Now, it's 3 to four minutes delay. Earlier it was like 13 to 15 minutes uh delayed. uh you know when we did not have those servers. Okay.
Speaker A
Yeah. Now I'm going to tell you that what do what does the ceiling mean and what does this floor mean? But I want you to look at the exposure levels.
Speaker A
You see that these are all negative exposure because of the negative sign right here.
Speaker A
Yes. So this shows that how much money are the market makers losing. Okay. So here if I look at this price at 553.78 market makers are going to be losing uh 93 million 914,180.
Speaker A
Okay. Does that make sense? Yes. That is the negative exposure. Okay. Got it. Negative exposure means the market makers are losing money. Basically they're not losing money but they are selling premium. Okay.
Speaker A
Okay. They're technically they're not losing if that makes sense. Right. Selling premium. Okay. Yeah. And then we have the positive exposure. You see the number of positive exposure right here.
Speaker A
Yes. 18,320 330,20. So what is that? That is the positive exposure. And that is the ceiling.
Speaker A
That's the ceiling. Okay. Yeah. That is where the market makers want to go. They want So market makers want to have positive and negative exposure or only positive exposure.
Speaker A
Yeah. Positive basically some positive exposure means that the price gets above the ceiling. Okay.
Speaker A
Okay. Yeah. But that is referred to as a positive exposure. Same is for the floor. Okay.
Speaker A
Okay. Yeah. But uh basically it happens rarely that we see that these uh ceiling and floor are actually broken broken.
Speaker A
Basically these are like a barrier. So the price cannot uh move beyond in most conditions. Okay.
Speaker A
And I'm going to show you an OM how to visualize the ceiling and floor. It's pretty cool to actually look at it.
Speaker A
Okay. Then we have the price line price line right here. Okay. These are the puts below.
Speaker A
Puts below. What does it mean? I'm going to talk about puts below and I need you to remember what did I mention about the puts below calls above or calls below.
Speaker A
Okay. Okay. So, puts below uh you can see right here puts below the green line there are 291,36.
Speaker A
Puts above the green line are 58,811. So these two right here are bullish confluences and these two right here above the price line are bearish confluences. Okay.
Speaker A
Okay. These are calls above puts above calls below puts below. Does that make sense?
Speaker A
So above is bullish confluence and no below is bullish confluence. I'm going to talk about it. Okay. For now I want you to remember what I mentioned about the puts above and puts below.
Speaker A
Okay. Okay. Then we have the peak money line. So the peak money line is the highest negative exposure. You see right here in the exposure graph that you know 94 million is the highest exposure and this is the
Speaker A
peak money line. Okay? Right? That is the highest negative exposure. Sometimes that is like a neutral line. The market maker is kind of acts like a pivot. When the price is above the PML it means the price is
Speaker A
bullish. When the price is below the PML means the price is bearish. Okay. Does that make sense?
Speaker A
Yes. Okay. Perfect. You don't need to look at the number right here uh for the P20 line. You do not have to. These are not related to the OMM and stuff, but this one is the green line is okay.
Speaker A
The green price line. Okay. Yeah. And then you see the MM dead zone. This one right here, the MM dead zone.
Speaker A
This yellow area. Yeah. So, this yellow area uh in the overnight kind of acts like a pivot for the session uh for the next session.
Speaker A
Got it. That makes sense. That makes sense. You know if you see like right here 554.89 to 555.45 that is going to act like a pivot.
Speaker A
Got it. For the next session but only in the overnight data. Okay. When this mm dead zone forms uh in the intraday session that means that that area actually shows that 0% of the contracts are winning. That is
Speaker A
the area that is most beneficial to them. So the the market makers want to be in this market maker dead zone because they have Exactly. That is the that dead zone is the most beneficial to them. They make
Speaker A
the most money there. And is it so they have the they have the least amount of exposure than in the market maker dead zone.
Speaker A
Yeah. Okay. Basically in the dead zone the market sometimes consolidates. So that is the most beneficial for them. For them they don't want to move the markets. They're going to make the most amount of money and that is what the dead zone does. So
Speaker A
basically right here the dead zone has formed. So you got to mark it right now.
Speaker A
You can mark it on your chart and test it out that it works as a pivot or not.
Speaker A
Okay. And so do when do you want to mark this? This is done. You said it's this is on the overnight session. So do you mark it in the morning?
Speaker A
No, you got to mark it in the overnight session if you're looking for the p.
Speaker A
What do I say that if it forms intraday that is like a magnet? Okay. That is the that is like the most beneficial area for them.
Speaker A
Yeah. So those are good targets. If it's above the market maker dead zone, we can see action. We can target it 100%.
Speaker A
Right. Sometimes the market can consolidate because of the mm dead zone formation. Okay. Yeah. In the intraday session.
Speaker A
What do you mean by the intraday session? Like those six and a half hours of trading.
Speaker A
Oh yes. Yes. Okay. Regular trading hours. Got it. Yeah. So yeah, this was the uh the basics about the MM uh stuff we had. And I want you to watch the video that Began made on the MM options analyzer uh
Speaker A
usage. Okay. Explain it really well. Now I'm going to be explaining to you about the OMM. Okay.
Speaker A
Okay. Okay. So you see right here that is your OMM chart. Okay. So that is the new interactive chart that we have uh that Rogue Moose made. This is pretty useful.
Speaker A
Okay. Now I'm going to use this for explanation. Now I'm going to zoom in into one of these sessions like right here. I can zoom in into this session right here and zoom in into this OM session right here. So the below you see
Speaker A
this one right here that is the OMM. Okay, got it. And this one is the ceiling and the floor, right? Remember we just talked about it.
Speaker A
So yeah. Yeah. So that is the ceiling. This one right here that is the ceiling. Remember what the ceiling is? That is the expo uh the positive exposure value. That is the positive exposure value for the downside. Okay.
Speaker A
Okay. This is the PML. The highest negative exposure value. Yes. The PML is the highest negative exposure value. That's what the PML is.
Speaker A
Yeah. You know this is the green line. That is the price. When the price is below the PML, the price is when the price is below the PML that is that puts below.
Speaker A
No, that is bearish. I did not mention anything about the puts below. Okay. So then when the price is below the PML, it's bearish. When the price when the price is above the PML that is bullish.
Speaker A
Okay. Oh, is it because the PML we said the PML acts like a pivot.
Speaker A
Yeah, exactly. Remember I just me mentioned that acts like a pivot. Yeah. So then below is bearish and above is bullish.
Speaker A
Yeah. So that uh that is like the basics about the um ceiling and the floor. So basically the sometimes when you see that what ceiling and floor does is that gives you a range. It gives you a bracket where price can move. Okay. So
Speaker A
in most conditions it won't break it and the PMN is like a pivot. Okay. Sometimes when the price is very much near to the ceiling we either see consolidation there or a sharp reversal to the PML.
Speaker A
Okay. Okay. When you see that there's a transition above the PML you can actually target the ceiling you know because the market makers want that so when we see consolidation your PML you want to target the ceiling.
Speaker A
Yeah. when the price crosses the PML not consolidation when the price is consolidating near the PML that is the dangerous thing ever that means that uh we're going to see probably we're going to see like consolidation for 30 to 45 minutes
Speaker A
okay when yeah if the market starts consolidating in that area but if you see a clean cross a clean break yeah when you see a clean break that is like the most cream setup in my opinion and you're going to see that price uh
Speaker A
you can actually easily target the city but you got to be careful when it updates because you want it to update to the upside if you want to give market like more cushion to the upside.
Speaker A
Does that make sense? No. What do you mean you want you want to wait for it?
Speaker A
So basically see you know this value is constantly changing. Yes. And the price reacts according to that.
Speaker A
If the ceiling goes down that means the price needs to go down. Okay. Not needs but it should go down.
Speaker A
Yeah. And when the ceiling is going up that means that you know it is good you know you can expect upside that means that the market makers are creating cushion for the upside that the market wants to go upside so it's they are
Speaker A
increasing the ceiling number that makes sense it's good for them you know does that make sense same as for the floor that makes sense so the ceiling is you know for example right here I wish I could draw but if
Speaker A
the ceiling is going up like right here you can you can see the ceiling is going up uh You can look at my cursor. You know, you can also expect the price to go up like this.
Speaker A
That makes sense. Yeah. Yeah, that makes sense. Let me And that happens because the market makers want to give more cushion.
Speaker A
Yeah, exactly. Perfect. You got it. Now I'm going to zoom into the recent session. This was a pretty much a consolidation session. Now I wanted toh show you the ceiling pin right here.
Speaker A
Right. Okay. You can see uh what I mentioned that sometimes the market consolidates around the seal, right? Yeah.
Speaker A
And you know that is not really good for us because you know then how can you actually trade but that is the most beneficial for the market makers. But right here you can see the ceiling moved down. So the price also moved down.
Speaker A
Does that make sense? That makes sense. And the clean break. Remember the clean break you were talking about.
Speaker A
Yes. So we saw the clean break here. Also we did see the am going uh long but let's just not talk about it right now. So we did see the upside move like right here.
Speaker A
You could have targeted the ceiling or somewhere area around it or an open state from QQQ live. This would have been like an easy trade for about 100% at least.
Speaker A
Yes. Okay. Because there's a break. Yes. Yes. It gave us a clean break if that makes sense.
Speaker A
And so what type of setup would you want to take there? Would you want to take uh like in the money uh calls?
Speaker A
Yeah. Um and not in the money. I don't take in the money calls. I always take out of the money calls like in the 0.302 0.50 range.
Speaker A
Okay. for better leverage. Okay. So now of course at the starting of this session you can see that the price was near the floor.
Speaker A
Even though the floor moved downside and the ceiling moved up, we did not see downside. You know why? Because when you see the ceiling and the floor are moving in the opposite direction means the overall bracket is expanding.
Speaker A
That means that you can actually expect uh some sort of volatile move that the volatility is going to increase here.
Speaker A
But the market makers are incre increasing position for both of the sides. Yes. Does that make sense?
Speaker A
That makes sense. Okay. Do you see the reversal here? 552.82. And remember our P53 put.
Speaker A
Yes. See the reversal? Yeah. It's reversal from here to, you know, let's just say that all. Yeah.
Speaker A
Tra to the PML. That is $2 something. You know, that could have been easily 100%.
Speaker A
Yeah. But why would you take a reversal all the way down there? Because the ceiling and the floor both expand in opposite directions, we expected a volatile move and the the floor was so close that the volatile move would have
Speaker A
to be toward the ceiling side. You know, it doesn't this uh these both uh expanding does not tell you anything about the direction. It just tells you about the volatility.
Speaker A
Yeah. You know, when it settles down that you know when it starts to again react in this way then it tells you about the direction. you know when it's coming down means that you know expect some sort of a resistance.
Speaker A
Okay. So that they're decreasing the cushion for the upside. Yeah. Because I don't understand why you would take that trade over there because the the price the green price line doesn't cross the PML all the way back.
Speaker A
So yeah, of course if you want to play the beginner way, yes, you got to wait for uh the price breaking the PML and then take the calls.
Speaker A
Okay. Yes. Yeah. Your dad also mentions it that you know when the price crosses the above the PML he sometime takes call there or sometime he goes with the tabletop remember.
Speaker A
Yes I do remember the tabletop. Yeah. So he goes with the tabletops or the PML if the price is above the PML or below the PML. He decides his trades according to that. Now we can talk about the OM. So here I used a different
Speaker A
session. Okay. So this session I wanted to show you the OM. So remember what I mentioned about the puts below, puts above, calls above, calls below.
Speaker A
Yeah. So this lime green line, it's the puts above. Okay. The lime green line is puts above. Okay.
Speaker A
Yeah. The lime green line is your puts above. And when the puts above are greater than the puts below, what is the puts below? This red line right here. That is the puts below. And remember when I showed that
Speaker A
on on the chart that the lower uh numbers the puts below and the calls below are bullish confluences, right?
Speaker A
And the puts above and the calls above are the bearish confluences. Does that make sense?
Speaker A
Yes. So here the puts above which means the bearish confluence is above the puts below that means that this is a beerish divergence that means the bias is bearish. to answer your question earlier that you know why did you take that uh
Speaker A
take that uh call there? It depends for me it depends on the divergence. Okay.
Speaker A
So it tells me the overall bias. Does that make sense? Yeah. So when the puts above is above the puts uh below.
Speaker A
Yeah. When the puts above is greater than puts below that means that it is a bearish divergence. And when the puts below are greater than puts above that means that is a bullish divergence.
Speaker A
bullish divergence and what do you mean d by divergence like basically uh it's like a pattern that you know when the red line gets above the green line this line green line that means that is a bullish bullish
Speaker A
divergence okay and and again it's the opposite if the puts above or if the puts below is above the puts uh if the puts above is greater than the puts below if the puts above I'm going to repeat it
Speaker A
if the puts above is greater than the puts below you can see it's written right Yeah.
Speaker A
Puts below the green line. Puts are at or above the green line. Okay. So when the puts above is greater than puts below which means the lime green line is greater than the red line that means that is a bearish divergence.
Speaker A
Yes. And when the puts below is greater than puts above that means that is a bullish divergence.
Speaker A
Got it. When the red line is greater than the line green line. Yes. For now, we're going to stop at it and look at the price action.
Speaker A
You see, the overall price action was uh basically bearish. Okay. Yeah. Yeah. So, that is the overall bias. That means it is bearish. Simple.
Speaker A
It's bearish. Okay. And then we uh have the this pink line and the dark green line. The the pink line is the calls below.
Speaker A
Okay. And the lime green line is the calls above. Make sense? Yeah. Okay. So, the calls above these calls above are greater than the pink line.
Speaker A
So, the the line the dark green line and the pink line are correlated to each other. Okay. Because these are the call volumes, right?
Speaker A
Okay. And these are the put volumes, right? Got it. For the pink line, you see it is not greater than the um dark green line. And you know why? Because of our bearish divergence. The overall bias is bearish.
Speaker A
Right. So the so the dark green line is also greater than the pink line. And these two lines are very important to me because they show you the buying pressure and the selling pressure. If you see that the uh
Speaker A
this dark green line right here is increasing. Okay. That means that the selling pressure is increasing like right here it increased.
Speaker A
You know see the selling pressure right here. Yeah. the the puts above and the puts below are pretty much more stable compared to the uh to the calls above and calls below.
Speaker A
Okay. How can you tell that? Uh because the the slope of the line green line and the red line, you got to go back uh on your charts and look at it. You got to go back on M
Speaker A
every single day and look at it. Then only you'll be able to understand it.
Speaker A
You know me explaining to you this is just like mathematics. You know teacher can explain you the concepts but you got to practice then only you'll be able to understand this topic. Yeah, you're right it right. I'm going to I'm just telling you
Speaker A
the basics of it. There are much more deeper strategies to it uh like your ceiling collapse regime and all that stuff and you got to learn that if you but not right now for first of all your target is to understand the basics and
Speaker A
just use the basics. Okay. Yes. Even I personally do not use the rejimes that much but you have to understand the basics. Basics are everything.
Speaker A
You build uh everything upon the basics. If your basics are strong, you're going to be able to understand every single thing. So right here uh you can see that the dark green line actually increased, right? That led to the downside move
Speaker A
increasing right? Okay. Right. Does that make sense? The overall uh bias is bearish. Why? Because price is below the PML. We are uh showing a strong bearish divergence. And this divergence right here, this is not a strong divergence. You know why?
Speaker A
Uh over there is not a strong divergence because the lime green line is not it's not that big above the red line.
Speaker A
Exactly. You got it. See, easy. So um the the lime green line is not, you know, making a good distance with the red line. That means that the market maker is still fighting whether they want to show a bullish bias or a bearish
Speaker A
bias. And you can see the price was just reacting around the PML. It was no fun, right? It was all consolidation. But when it did break down and you know we saw the move to the downside. Does that
Speaker A
make sense? Yes. Right. So that is how we use the OMM data. So this was the basics of it. I explained to you what the uh what is the visual of the puts above and the puts below is. Okay.
Speaker A
Yes. So yeah, basically we use the OMM for the bias and the ceiling and the floor gives you a visual that you know if you're going to expect volatility here or not and where the price is situated whether above the PML or below the PML
Speaker A
and whether the you know like if the price is above the PML the ceiling is increasing or not for us to see more upside. Does that make sense?
Speaker A
Yes. So here in this OM example I wanted to show you about the calls uh uh calls below. You can see the OMM the bullish divergence right here with the puts below rather than the puts above is more
Speaker A
subtle. It does not react to the price that much. But here you can see that the calls uh below are actually more sensitive to the price action. It increased here, right? It showed a spike here. Does that make sense? And here we
Speaker A
saw the upside move, right? So that is uh basically all about the OMM I wanted to explain to you. These are the basics and I want you to watch that video.
Speaker A
Remember I mentioned about that big mate. So it's going to extra clarity and also I want you to look at the OM every single day for spy and QQ for more.
Speaker A
Okay. So now we're going to talk about the spread monster tool. And basically we use the spread monster tool uh on the wave 1 daily the most cuz it works the best that way on the daily time frame.
Speaker A
And I'm going to show you on different time frames too. And also I uh plotted a chart using the spread monster tools that I used to plot like uh somewhere around uh February and March. So I'm going to also show you that. Okay.
Speaker A
Okay. So let's go into spread monster. And so basically it has four main tools in it or features you could say. The first ones uh the volatility graph, then it is the density graph. Then it is the odds
Speaker A
graph. Then we have the statistics right here. Okay. So first of all, we're going to be talking about the first graph right here. Okay.
Speaker A
Okay. That is the volatility graph. So volatility graph gives you four main levels. The medians and the uh VSS.
Speaker A
Okay. So we have two medians right here. the long median and the short median. And then we have two balls, the ball long and the ball short. So what is the median? So basically the there is 50% chance that a median is hit in just one
Speaker A
day. Okay, so let's say that you have a bullish bias and you're looking for a target and yeah, you have median as a 50% target. Okay, 50% odds to reach it and to break it. Does that make sense?
Speaker A
Yeah, that either median is hit is a 50% chance. Yeah. And also there is 90% chance that either of these medians is hit. Okay.
Speaker A
Okay. Like either of them like it can either be this one or this. Okay. But this rule is not valid for the balls. So I hope the median is uh like understood to you.
Speaker A
Okay. Right. So next up we have the ball long and the ball short. For the ball long let's say there's only 25% chance to break. Does that Yeah.
Speaker A
Yeah. So here we had the 50% that was the median and then we have 25% that is the wall long. So we have four main levels for our session. Okay. Then we have the max outlier that is 4.84% from
Speaker A
the close that is 581.02. We have 2.27% odds to see it. And same is for the downside. Next up we have the apex. Now apex is like the middle of the volatility graph chain. It acts like a pivot.
Speaker A
Okay. So that is all it does. It acts like a pivot. Okay. But personally I do not use the apex. I like to use the mm dead zone as a pivot. As as I mentioned earlier, if you remember uh from our
Speaker A
previous call that you use the overnight uh mm dead zone as a pivot and also there's another tool inside of the spread monster that helps you decide a pivot. So I'm also going to show you that. Okay.
Speaker A
So I hope everything's clear uh till now about the volatility graph. Yeah. Okay. So that was the main things about the volat volatility graph. And next up we have just one thing that is the you see this X right here.
Speaker A
Yes. So they basically represent the candle like for the day. Okay. Okay. It doesn't it is not telling you that you know both uh like the high and the low should be below and above the median. Okay. It just trying to show a
Speaker A
representation of the candle. Okay. Okay. And the candle is a bit different here. So the candle you know it's for the candle basically what do we consider we consider the main price right the current price and it uh just fluctuates
Speaker A
according to that but here what it does it creates a candle using the high and the low so it does not changes as long as long as the high and the low does not change. Does that make sense?
Speaker A
That makes sense. Okay. So this was all about the volatility graph. Next up we have the density graph. So as the name suggests the density graph. So what it does, so density graph gives you the density where price will stay the most. You see
Speaker A
the dark color here. Yeah. So it's trying to show you that in the past 500 days because I'm using 500 days aggregation. In the past 500 days, price has stayed in this zone right here the most because this is more dense, right?
Speaker A
Because as you move down and above, you see the density is becoming less. you know it's trying to show that you know it's less likely that price actually goes there. So you know as the name suggests this is the density graph. Next
Speaker A
up we have the sinosodial waves. These waves right here. You see these waves? Yes.
Speaker A
So these are trying to show paths for price. Okay. Remember the projection of waves.
Speaker A
Yes. So it's kind of similar to that. It's trying to show a path that you know price can cover. Okay. But you know how I use it is that I use these clusters that form here like you know you see
Speaker A
this cluster here where a lot of waves are cur you know forming a curvature.
Speaker A
Yes. So that is like a cluster a strong support zone because these uh curvatures are actually formed from the previous like 500 days of reversals right and we using the historical data to actually give us the data for tomorrow.
Speaker A
So we are you see these curvatures below the previous day close. For example, this is the Friday close. So we are seeing the data for Monday. Okay.
Speaker A
Okay. Yes. Yes. So all these curvatures here are the supports. Does that make sense?
Speaker A
Yes. And so this this data would be used for Monday not for using for Friday.
Speaker A
No no this is the Friday close here. Yeah. Okay. So of course we are looking at the next day next day for Friday because all of these waves are you know starting from the Friday and closing to the end
Speaker A
of the uh Monday session. Okay. Okay. So you know it's trying to show the paths you know like the price can cover and same is for above the previous day close that is you know we can look at the clusters or you can also look at
Speaker A
the last line of defend waves. Now what do I mean by that? You basically see like a singular wave here. Okay.
Speaker A
So, it acts like a breakout level. Okay. Because we have clear area till this web right here. So, it's going to act like a breakout level. Okay. And all these you see these clusters forming these little clusters. So, these can be used as
Speaker A
resistance zones that I will use in my chart. I'll I'm just going to show you in a bit. Okay.
Speaker A
Got it. So, does that make sense everything about the density graph so far? Yeah.
Speaker A
Okay. So, next up we have these X right here. So what do they actually do? So in the past 500 days, it's trying to show the open and the closed data. You see this X right here. So basically it's
Speaker A
trying to show that at this price the uh session opened up for Monday. Okay.
Speaker A
But we do not know the particular day but it's trying to show X uh basically to form a zone where the market can open because you see here it's like a lot of density of X right here. Correct.
Speaker A
Yeah. So, it's trying to show that, you know, it's quite possible that the market opens in this zone right here.
Speaker A
And same as for the close simple concept. Next up, we're going to go to the odds graph. So, odds graph is basically made up uh on a concept called the Gton board. Have you ever heard of it?
Speaker A
I've not heard of it. Okay. I'm going to show you right now how a Gallton board looks like. Okay.
Speaker A
So, we're going to use this animation right here where I'm going to show you that how it actually works. Okay, you see these balls, right?
Speaker A
Yeah. So, basically consider them as price. Okay. So, where do you think they're going to fall first?
Speaker A
Uh they're going to fall fall to the middle first. Exactly. You know, they're going to if you if you go to the end, they're going to fall in the middle. Now if you look at the u odds graph again
Speaker A
you see that if I uh tilt this graph 90 degrees to the left hand side it forms a similar gatin board right?
Speaker A
Yeah it looks it looks a normal distribution. Yes. So it's forming that distribution right here. Basically if I uh you know if I copy this image just give me a second. So if I tilt this image if I
Speaker A
rotate it basically to the left hand side by 90°. See how that uh see how like similar it is to the Gton board distribution we were looking at right so basically you know the price starts falling from here and the maximum it
Speaker A
could go is like till here so that is what it's trying to show and the normal range is the most probable range where it's going to stay okay you remember that curve we were looking at right yes so the normal range is that curve
Speaker A
the normal range is that like the high density normal price range. You see that normal price range? You see these boundaries? So, that is the normal price range. Okay. I'm going to move back to the fractal chart. Yeah. So, we have the
Speaker A
normal price range right here. Okay. So, it's trying to show that you know the most of the session we should stay right here.
Speaker A
Got it. And you know remember uh what I mentioned about the pivot right that you can also derive a pivot using the spread monster.
Speaker A
Okay. Yeah. So you see the intersection of these two frequencies right here. Yes. The green one and the red one where they intersect that acts like a pivot.
Speaker A
Okay. Does that make sense? The intersection. I thought the the apex was to act like a pivot.
Speaker A
No, like the apex is a pivot but I don't like to use it. This is like a much more reliable option for a pivot.
Speaker A
The intersection of the green and red lines. Yeah. These two frequencies basically. What are these frequencies? You can use them as resistance and support level.
Speaker A
But you see these frequencies are going flat like right here it went flat. Okay.
Speaker A
Right. You see it right? Yes. So it marks as a resistance. Okay. Got it.
Speaker A
Simple con where it goes flat. Go for it. Sorry. Yeah. What is the green and red lines exactly? Basically these are price frequencies and basically to be honest I don't know the math behind it but I know the usage that basically wherever they
Speaker A
go flat that marks as support and resistance levels. Okay. Yeah. And these are of course this is from historical data. So all of this is from the past 500 days. Now same is for the red frequency. Wherever it is going
Speaker A
flat that is support. Next up you see these odds right here. Basically why it's named the odds graph because of this right here. These two odds. Okay.
Speaker A
And we have two data sets. The data sets for the short side and for the long side. Okay. So we are given the odds for the you know the break of certain levels like this level right here 59 uh 92 to
Speaker A
break that we have 10% chance. Right. Okay. See it. Now to break 538.59 we have 2.88% chance.
Speaker A
Okay. What was trying to show basically it's trying to show odds again for the break of price and you know what it sustains or not. And where you see these like frequencies are you know intersecting these two data sets sorry these two data
Speaker A
sets are like intersecting. Yeah. So that is the normal price range. Okay. Because is that does that also line up with the uh medians that we're talking about earlier?
Speaker A
These this normal range does not like uh collide with the median. So these two levels are not the same.
Speaker A
Okay. Yeah. So that is these three graphs are different. Okay. Okay. So this these are made from different uh principles you could say.
Speaker A
Okay. Does that make sense? Yeah. So we are done with the explanation of these three main graphs.
Speaker A
Now we can talk about the statistics. Okay. Now this is also a really important tool. Okay. So as the name suggests I I said statist uh statistics basically. So you get the alts. Okay.
Speaker A
For example this first one right here. So the bull count high below the ball long 562.51.
Speaker A
So 43 out of 53 that is 81.13% chance. So does that make sense as I read it?
Speaker A
Uh no actually a bullish count. Yeah. So bull count basically is trying to show that is a bullish uh count. This is the count right here. You see count?
Speaker A
Yeah. So it's trying to show you the bullish count means 43 bullish counts. Okay.
Speaker A
Yeah. Then high below the wall long means the high of the day means high of the Monday forms below the wall long that is 562.51 here 562.51 that is the wall long right okay what's the probability of that 81.13
Speaker A
does that make sense now yeah that makes sense then okay and you see the total counts right here like 53 106 106 all these right here so these are the total counts Okay.
Speaker A
Right. So you could consider this as a universal set and this is like a a subset in it. Does that make sense?
Speaker A
Yes. Okay. So for the total count, the total count should be above 70. Okay. This total count right here you see 100 106 53. This 106 zone should be above 70.
Speaker A
Does that make sense? And how it should be above 70? to 70. Basically, if you're using here, I'm using the HL match.
Speaker A
Okay. Okay. Right. For my uh setting of the sprint monster, I'm using the HL matching. So, basically what it does is that for example, the burn market is at H3. It's going to take all the H3 in the past 200
Speaker A
days. For example, if I'm using uh 200 DTL, it's going to take all of the um H3s inside uh inside of the past 200 days and give you spread master data according to that. But sometimes because you know on wave one daily where you see
Speaker A
very quick transitions above and below the pivot S3 is you know not that um frequent right because we see transitions happening every single day almost right so because of that you have to increase the amount of data that is
Speaker A
why I'm using the 500 DTL because it gave me uh a count above 70 got it okay and so your count has to be above 70 correct yeah that's like a thumb rule otherwise you're not going to get the
Speaker A
perfect data you're looking for it's going to be skewed you could say right so moving back to the so the agile matching and the weekly matching we'll talk about that in the last it's not a big deal and then we also got to talk
Speaker A
about the weekly spread monster okay so first the statistics the basics first of all okay next up we have the bull count high at or above the max average this is the max average 150 high 62.51 same price 10 out of 53 that is 18.87% 8 7%
Speaker A
basically a high forming above. This was the below. Okay. Yeah. Below 562.51. If you sub uh subtract that basically subtract uh 100us 81.13 you're going to get this 18.87%.
Speaker A
Now here you see the beer counts. So basically beer counts means beerish counts. You know it's simple as same as the bullish counts. But here beer count low at or below the max average 554.90 8 out of 53 15% chance to see that.
Speaker A
Yes. Does that make sense as I say it? Yes. Okay. So basically it's telling you that you know what's the probability that the low of the day is below 544.90.
Speaker A
Yes. It's giving you the odds of that. Right. Okay. Yeah. So next up we have the odds of this is like the options analyzer if you remember you know you can get the probability that you know what's the
Speaker A
probability of seeing H3 H5 and all that. So it's the same here odds of 3L on Monday July 14th it's giving you the odds for that. What's the odds for 1 H it's giving you the odds for that.
Speaker A
Basically looking at this uh these odds right here we are at uh at uh at L2 I guess. Yeah. So basically we are sitting at L2 here. Okay. So we are getting the data that you know what can happen for the next day right on
Speaker A
Monday. It's trying to tell you that you know we can form the H1. Okay. Why?
Speaker A
Because we have the higher probability of that right. Next up we have the odds for closure. What is the odds of Monday close above 544.20?
Speaker A
67 out of 100. 67%. Simple. Yeah. But where is 554 marked in the chart? I don't see it as like an important line.
Speaker A
What is the close here? What is the last price? Oh, here it's on the left. Okay. Last price is 554.
Speaker A
Yeah, basically the close price. Got it. For Friday. Yeah. Next up, we have the long theoretical price at or basically now this here long theoretical price.
Speaker A
This is giving the odds to break that price. Remember the filters basically we had right the 10% filter the 20% filter so it's giving that was giving you the odds that we have 10% chance to uh reverse from
Speaker A
here so it's giving you here that there's like 10% chance to break above it so it's a bit different here okay okay but both are working on the same principle long theoretical price at or above 558 26 uh 26.9%
Speaker A
right does that make sense Simple answer I think. So now same is for the short side basically the bearish side short theoretical price at or below 552.6 month 30 uh 30.77%.
Speaker A
As I mentioned on the first day we have our we had our call that fractals is made up of two things levels and odds.
Speaker A
Okay that is all it gives you and it's up to you that how you want to use it.
Speaker A
And this is my basically my favorite tool to use the spread monster. I like to use uh like every single day. Okay, next up that you know what we should talk about like the weekly spread monster. So for the weekly spread
Speaker A
monster you got a uh forward-looking aggregations. Basically we're on the daily time frame. So it's asking you that you know how many days forward do you want to look at? So we have five days in like a week trading uh tra five
Speaker A
trading days in a week right okay so I'm going to click on five. So from Friday here so it's going to tell me the data till the next Friday and here same it's going to be using the 500 DDL
Speaker A
because I did not change that. Now here you have the data for the week. Okay.
Speaker A
Now for the density and uh sorry for the volatility and the odds graph the graphs are going to look quite the same. Okay.
Speaker A
As the chart we saw for the the like the one day forward looking alligation.
Speaker A
Okay. Okay. But as I move on to the density chart it's going to be a bit different.
Speaker A
You see here the chart you know became a bit different here. It's a lot more variable.
Speaker A
Yeah. And because we have a lot more days here. So it's going to show you uh paths like that are much more defined.
Speaker A
Okay, like right here all of these waves are again showing the paths. Now it's up to you that how you want to use it. You want to use them as support and resistant levels or you want to use them
Speaker A
as you know just spots like you know you have a bullish bias and the price is following this wave right here. Look at my cursor right and it's somewhere around here uh for like Tuesday right for the Wednesday you could expect that.
Speaker A
Okay, if the price is following this wave right here, if my analysis is correct, we should get above the Friday's close 554.20.
Speaker A
So these waves are, you know, same concept as the daily ones because as I as I mentioned uh before that, you know, you got to understand the basics.
Speaker A
Everything else is going to, you know, fall into place by itself. Okay. Again, we have the last line of defense, you know, a breakout level, right? And also we have clusters here like the cluster right here, cluster forming right here.
Speaker A
where we have a lot of curvatures. Again, that is the cluster. Same is for above the previous day close uh previous day close price and below the previous day closed price, right?
Speaker A
Yes. And then again, we have the open and the close for the week, right? It's telling you, it's giving you a range where you know it's most possible for the week to open up at. Basically, the open for
Speaker A
Monday and where the Friday can close for the next week. So, that was all about the uh B2 Sper monster 2. Next up, we have the IB. For the IV, uh Big is like the guy for IV and he already made
Speaker A
a great video on IV, so I want you to check out that. Okay. Yeah, got it.
Speaker A
Perfect. Next up, we can talk about is the uh weekday matching. So, what is the weekday matching? So, what's uh this time it's not going to consider the u the HL matching. Okay. Basically the highs and lows basically this is the
Speaker A
Friday close right now what comes after Friday for training Monday right Monday. Yes. So what it's going to do it's going to take all the Mondays in the past 500 days and give you data according to that. So this is like the uh weekday
Speaker A
matching. But here because I was using because I was using the weekday matching and I have too much DTL because I'm using 500 DTL. I should go down to 200 DTL to get better data on it.
Speaker A
Okay. And I'm going to tell you why. Okay. So as I click on the weekday matching the charts are going to be same. Okay. So basically you're changing that how they're derived basically. So next up uh basically the density graph
Speaker A
and the odds graph going to be same. The uh we have two settings for the spread monster but the one that works the best is the actual matching.
Speaker A
Okay. If you take care of the count okay the count should be total the total count.
Speaker A
Like here the total count is 78. The total count should be about 70. So next up I'm going to be showing you my graph that I plotted. Okay? And it's going to make a lot more sense that way. So here
Speaker A
I have my chart. Okay. So wherever you see these red boxes that is the resistance. Now how did this resistance form? I use the clusters.
Speaker A
Okay? Right? And same is for below below the pivot. Now what is my pivot here? I use the MM dead zone as my pivot. I showed you uh in our previous session that how you derive the MM dead zone. Basically,
Speaker A
you look at the overnight MM, right? Remember we looked at the yellow zone. Yes, that I remember.
Speaker A
Okay, perfect. So, that is exactly what I plotted right here. And I told you that you know just plot it on your graph and it's going to make sense to you. And I did that right here. Okay. And
Speaker A
wherever you see these uh blue boxes, that is the support. again the clusters that were below. Now here I used the uh sinosodial wave graph. Okay, that is what I'm using to plot out these resistances and support.
Speaker A
Okay. Okay, those clusters we saw that is what I'm plotting right here. And you look at these like I have written 31% odds to break. Now what uh where did I derive this data from? Remember we were looking
Speaker A
at the statistics. Yes. So basically I looked at okay so 550 uh.02 02. So what's the nearest price that is present in my statistics graph that you know that can give me the odds to break it? So it was 18%. So I just
Speaker A
use those statistics. How wide is your range for your boxes? It depends from day to day to be honest.
Speaker A
Okay. So uh usually it varies from $10 to $10 basically above uh and below the previous day close. And you must be wondering that you know there are multiple medians here. So why is that?
Speaker A
You know what I did? I derived this data from the wave 1 daily, the wave three daily and the wave 7 daily. So what I did is that you know I took care of the count. I was using the actual matching
Speaker A
because it works the best. What I did is that I took care of the count that it should be above 70 as it turned above 70 at whatever DTL I was using. I remember for wave 7 daily, no sorry wave 3 daily,
Speaker A
I used the 6,000 DTL to get me 106 something count total count. So that gave me the perfect data for that graph and that is why I plotted these walls and also these supports that were also from the you know remember those LLDs I
Speaker A
was talking about. Yeah the LLDs now yeah last time defenses you know I was showing you a singular sinosodial wave and then a breakout level.
Speaker A
Yes I remember that. That's called Exactly. So I just plotted those here. Okay. Okay. singular uh you know sinosodial waves as yeah the potential breakout limit is because there's no cluster just one exactly so same as for the resistance
Speaker A
and also I parted these medians for a second reason that you know remember those 90% odds to touch either of those medians yes so there's 90% chance that either these three medians are hit I mean not like complete 90% you know it could be
Speaker A
varying uh from time frame to time frame I'm using now you could just look at it and say that there's 90% chance to close these three median. So these become targets.
Speaker A
Okay. Now it's up to you that how you want to use these graphs basically you know uh I mean you look at it you'll find more patterns you know more than me and you know you can also make your own chart.
Speaker A
So basically how I used it that you know I looked for the break of the pivot and tried to play uh the short side or the upside. These are the charts I plotted for Monday. So basically I did that to
Speaker A
you know give you a better visualization that you know how it would look like if you plot them on your graph. So where I have written cluster is like a strong support level. Okay. So these are also clusters but these were like super
Speaker A
strong. So this was all about the spread monster. The next we should be talking about is the splicing graph. Okay. So what does the splicing do is that for example what do I mean by splicing? So splicing it does that for example you
Speaker A
are at Monday okay you have the Monday session and Monday session has closed now you're wondering for the bias for Tuesday so splicing gives you a fractal chart using all the Tuesdays in the past 200 days or whatever amount of data you
Speaker A
look at now I'm going to show you this graph right here so this is the Monday splicing now what it is is that it takes all the Mondays in the past 200 days and gives you a chart for that. So this is
Speaker A
the splicing chart and how to basically you know get that on your chart. If I click on add here, right click and add and type down for example QQ and go into splicing. Okay. I can add also like combos for example Monday,
Speaker A
Tuesday, Wednesday these three days and add them for my splicing chart or just Monday, Tuesday and add them or even just Tuesday. Let's say I want to add I can add it like that.
Speaker A
Yes. So I'll get them right here on my chart. Okay. So right here, that's the Monday, Tuesday. This is like two days consecutive.
Speaker A
Okay. Monday and Tuesday. So these uh this is like Monday, Tuesday. Tomorrow we're going to see a new session that is going to be Monday, right? Then again, the two consecutive candles. We're most probably going to see like these two
Speaker A
consecutive candles. These two consecutive candles. So basically what they're trying to show is like uh the Monday, Tuesday. So this works the same as the fractal chart but it's like more confined data you're looking at more specific data. So the concepts for the
Speaker A
pivot the vector and you know the waves remains the same. So this was basically all about splicing. Splicing is a pretty you know basic tool that you can use but you got to mess around on your own to
Speaker A
find different patterns and what you want to look at. I use the for example I use the two-day combo and the you know a singular day. For example, I used the Monday and then I use the Monday, Tuesday and then I move on to the next
Speaker A
day. Next up, the last tool we're going to be talking about that is the Periscope. Okay, now I'm going to be very quick with the Periscope. It's not a big uh deal with the Periscope. We also have a town hall recording we have
Speaker A
on the Periscope and you can also check that out in our YouTube channel. Okay.
Speaker A
Okay. So here if I right click, we have the Periscope open right here. So what does the periscope do? It gives you all these signals, okay? Like all the possible trades that you do not see from a regular eye. Okay? I mean, you can of
Speaker A
course find different setups, but it's going to be, you know, it's going to be running a lot of mathematics and lot of uh wave analysis behind you so that you don't miss any setups. Okay, got it.
Speaker A
It's going to be giving you signals. Now, I'm going to show you like how it's giving you signals. For example, for ABB, I'm using the bullish data. So, what is the bullish data? So, when the price is greater than the uh peak money
Speaker A
line, remember we learned about the MM data, the peak money line, the ceiling and the floor.
Speaker A
Yes. So, here for the bullish data, we have the price greater than the peak money line that is going to give you the bullish uh setting. Okay. For the scope, same for the bearish that the price is less than PML. Okay. And the mixed is
Speaker A
going to you know give you the signal for both the bullish and the bearish if that makes sense.
Speaker A
Yes. Okay. And then is the reversion that you know if you're already looking for a reversion trade and you're expecting that you know there's some kind of uh like a news event that you know something about the tariffs that can be
Speaker A
bring a reversal. So you got to use the reversion setting inside of this uh periscope.
Speaker A
Okay. So just to show you like the signal I'm going to be using it on ABBV.
Speaker A
So basically here we have the signal that minute formed. So the a signal right here formed on July 12 on Saturday. Basically this is a very recent signal.
Speaker A
Okay. And right here it shows you the contract expiry July 18th and then the strike.
Speaker A
Basically this these are all going to be calls. You know why? Because we are using the bullish setting.
Speaker A
Remember? Yes. Okay. this and then it gives you the buy to open basically at what price you want to open the contract at you know basically where the trade starts at according to the periscope where you should buy and then the send uh sell to
Speaker A
close and then the target gain here it's 62% but sometime we see like outlier gains like 2,000% 3,000% or sometimes like 16,000% that are pretty much possible these are the target gains that uh are like possible basically targets according to
Speaker A
the periscope Okay. And here is the actual high. Basically, we haven't started with the next week's session, right? It's still Sunday.
Speaker A
So, uh the actual high is going to form that you know when we are in the session, it's going to update time to time. Also, the actual percent, right?
Speaker A
You know, how much percent gain or loss are we at if that makes sense. And also, it gives you ceiling, floor, PML, and the green line right here.
Speaker A
So, how early can you use the setting? So the suggested time to use it is after Tuesday.
Speaker A
Okay. So it gives you the best signals after Tuesday and you it's suggested that you should not use the signals that form on Saturday and Sunday. Okay.
Speaker A
Okay. And the signals you should start observing is on Monday. basically start looking at them and you know for example if you see a signal for your preferred ticker you should you know do your own analysis and see that if that direction
Speaker A
is correct and does that target on that contract make sense okay got it now if I go into the bearish setting you're going to see that all of these are put contracts now and you know we are seeing some of the outlier target
Speaker A
percent gain that that are possible okay that is a possibility if that makes sense yeah Okay. Now I'm going to uh move back to the bullish but I'm going to show you one thing that is the periscope watch
Speaker A
window. Okay. So here we have the periscope watch window. Now here you can look at the all the like the updated signals. Okay. For all the tickers.
Speaker A
Okay. This is what I'm talking about. You see this is the recent signal that formed uh for the periscope. Okay. For the bullish setting.
Speaker A
It does not consider the tickers. It considers like all the tickers that you give to it and gives you signals according to that.
Speaker A
The most recent ones. Yeah. Okay. You can look at the you know time and the date the signal is given. You can see it right here. All of these are on Saturday.
Speaker A
All of these signals were formed by the periscope in just one day. And you can also use them for different settings.
Speaker A
That is like completely up to you. For example, if I want to uh look at different uh setting, I can look at the apply filter to metrics. Right now here it's going to uh I'm going to move it to
Speaker A
like green line less than PML. For example, the beer setting. I'm going to click on okay. It's going to give me the beer setting. All of the contracts are put now. Okay. This was all about the periscope. And you know, Biggin streams
Speaker A
the Periscope every single day in the public uh in the public VC. You can check that out too. And he also shares some sometimes the statistics for this periscope watch window for each setting.
Speaker A
So this was all the basics of the fractal system. I hope that everything made sense to you. So did it make sense?
Speaker A
Yeah. Okay. So I have a little homework for you and also the viewers that if you have fractals all of the stuff I mention please look at it yourself because it's going to make a lot more sense that way.
Speaker A
me just explaining it to you and you're not looking at in your fractual system is you know just like uh like waste of effort for me you know but you have to open your system and take a look at this
Speaker A
stuff okay that way it's going to be much more helpful to you cuz you're going to you know you're going to uh make your own logic of different you know things that happen inside of the system okay you're going to make your
Speaker A
own understanding like and it takes time I understand that you know it's a learning curve that you know it's going to take like minimum of two months to actually you know like properly understand this system and start using
Speaker A
it maybe less it's up to you it depends person to person okay but I'm sure that you know I explain the uh basics well to you and you got any questions you can How?
Topics:fractalswave theorypivot pointsvector support resistancetrading strategiesprice targetsintraday tradingtechnical analysisprobable bandsfractal clusters
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