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Okay, traders, great
job making it this far.
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I know it's been a lot of information
to take in, but I hope you can see why
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it was absolutely necessary and, um,
important to cover everything in depth.
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Because if I just give you a footprint
end of the day, you're not going to
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really know what it is or why we're
using different candle types or what the
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advantages or disadvantages are, um, which
are going to be detrimental to your use
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of it and the effectiveness of your use of
it when you're actually using it to trade.
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So, um, again, well done for
making it this far this bit should
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hopefully be a little bit easier
because it's just looking at
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basic supply and demand methods.
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So what do I mean by that?
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What I want to do is get into
the meat of the footprint.
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So, um, the sort of metrics that
institutional traders are using it
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for up until now, we've obviously
had to look at the background of
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it, some of the more boring stuff.
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Um, just so we knew, um, what was actually
going on now, we know what's going on.
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We can actually start to
understand how can we use this?
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So the first thing is Delta guys
absolutely fundamental to any type
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of volume analysis, whether it be on
the footprint or whether you're using
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cumulative Delta or two, we're going
to come onto later in the charts.
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Delta is essentially at the core of all
types of, um, volume strength analysis.
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So what do I mean by that?
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Well, probably easier if I just get
rid of this and I said, I didn't
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want to bring the depth of market in
literally, it's going to be, you know,
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just a few minutes, just so I can, it's
easier for me to show you this point.
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Yeah.
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There is a slight complication
without a buck in trading.
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Where is they?
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No complication guys.
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There's no right or wrong answer.
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And unfortunately, and you know, let's
be honest, this is what makes real
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trading, um, difficult trading, how
you're supposed to be trading and why,
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um, retail trading, retail education,
uh, retail brokers have been able to
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take advantage because it is hard work.
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You do have a set of options
presented to you and you do have
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to make a discretionary choice.
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And that requires some, um, obviously
out of the box thinking, whereas, you
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know, obviously, um, a lot of what you
may have been taught, um, and forgive
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me if that's not the case with you,
you know, I don't want to say it's
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the case for all of you, but obviously
the majority of you, especially if
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you've come from a non-institutional
background, um, would it be.
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Easier methodologies and said, look,
that's, that is the right way that
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doesn't require you to have out the box
thinking, why am I saying all of this?
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Anyway, let me get to the point.
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And it will make sense basically with
Delta guys, it's literally, um, the
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difference between buying and selling.
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All right.
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So that's why I said, this is
actually more simple looking at
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or reading the actress, statistics
and understanding the background.
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Obviously the background
is quite hard work.
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Um, building up the understanding
you basically, we spend the whole
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foundation course to understand
market orders versus supply.
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That was difficult work.
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Now that you've got that and you've
put the hard work in interpreting it.
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It's not easy by any
means, but it's easier.
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So, as I said, it's simply just
buying minus selling, right?
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So if you've had a.
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10 people by the bananas, as the example
we gave in the foundation course,
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obviously I didn't use 10 or whatever.
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Let's say 10 people bought
boxes of bananas at $11.
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And two people sold them.
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The buyers are stronger, right?
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Simple guys at that price point.
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So that's all Delta is measuring, but the
reason I gave the whole spiel at the start
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about, um, you know, you're gonna have
to learn not only here, but throughout
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your trading career to make decisions
that, um, on necessarily written in stone.
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So I can't tell you, this is the
right or wrong answer is because
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there's two different measurements.
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If Delta.
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Institutions are using.
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So that's why I brought
the depth of market.
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Would you agree when the
depth of market is printing?
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It's printing here on the offer and it's
printing here on the bait, right guys.
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So that's what imbalances come in.
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00:04:33,615 --> 00:04:38,655
Um, traditionally, um, imbalances
have actually been measured
76
00:04:38,715 --> 00:04:44,474
this way, where you've got this
number here and then this number.
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So it'd be 10 minus two equals eight.
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Okay.
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That is how through time, um, all
imbalances have been measured.
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00:04:55,705 --> 00:04:56,385
Why is that?
81
00:04:56,414 --> 00:05:01,065
Because it's easier to reference
one price because if you did four
82
00:05:01,065 --> 00:05:05,250
minus two, Right guys, the problem
is you've suddenly got two prices.
83
00:05:05,280 --> 00:05:10,350
It makes comparison, cumbersome,
where it doesn't need to be.
84
00:05:10,800 --> 00:05:18,120
So it's always been, um, this way
now what's happened in recent times.
85
00:05:18,510 --> 00:05:23,010
Um, as volume analysis has
become more popular is a lot
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of people have said, hang on.
87
00:05:24,210 --> 00:05:29,820
And I think, you know, with some
merit behind it is, hang on a minute.
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00:05:30,510 --> 00:05:31,620
So let me just delete this.
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Are we not printing a
bid, an offer diagonally.
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00:05:36,990 --> 00:05:40,950
So as you get more into this, you will see
there's a setting in all volume analysis
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tools, not only in CRA and every child
in the world on institutional platform
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platforms, I will give you an option.
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Do you want to do so forget about supply,
but I'll just show you that it is.
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Basically diagnose, isn't it.
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If you want to buy, you have to buy it 98.
96
00:05:57,165 --> 00:05:58,335
If you want to sell, you have to buy it.
97
00:05:58,455 --> 00:05:58,815
Uh, sorry.
98
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Sell at 97.
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So can you see it?
100
00:06:01,155 --> 00:06:02,175
It's diagonal.
101
00:06:03,405 --> 00:06:07,155
So you have a choice to make now on
the platform, it gives you the options.
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00:06:07,305 --> 00:06:12,645
As I said, in trading, real trading,
unfortunately guys, if there is no
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black and white, there's a lot of
gray and you just have to decide
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what logically makes sense to you.
105
00:06:18,285 --> 00:06:20,985
Obviously, I'm going to tell you what
makes sense to me and I'm going to
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give you very good logical reasons,
but you know, you have to make a
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decision what you think works for you.
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00:06:26,865 --> 00:06:28,005
That's not gonna happen overnight.
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00:06:28,425 --> 00:06:32,415
Obviously, as you go on and trade
throughout your career, you get
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00:06:32,415 --> 00:06:33,735
a feel for what works for you.
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00:06:33,735 --> 00:06:37,305
But, um, I don't think you
necessarily need to complicate it.
112
00:06:37,725 --> 00:06:41,745
So, like I said again, to, to
repeat the point, would you
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agree the bid enough is diagonal.
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00:06:43,815 --> 00:06:46,965
So here four people have
bought at the same time.
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That two people have sold.
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Nice.
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Well, I mean, at the same
time is obviously the bid
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00:06:52,605 --> 00:06:54,975
and offer we're at 98 and 97.
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00:06:55,665 --> 00:06:59,715
But like I said, traditionally, what
people have done is said, well, hang on.
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00:07:00,315 --> 00:07:00,795
Okay.
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00:07:00,795 --> 00:07:02,775
The current bid offer is 97, 98.
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00:07:02,775 --> 00:07:10,155
So technically that is the latest
buying and selling imbalance or balance
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00:07:10,665 --> 00:07:13,065
all ye for people versus two people.
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00:07:13,305 --> 00:07:18,615
But hang on 97 has 10 contracts
that traded on the buy side
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00:07:18,885 --> 00:07:21,645
when the bid offer was 96, 97.
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So I hope that makes sense because
you remember some stage for this too.
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I've printed 10 guys.
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You should know this now market orders
from 10 market orders have printed that
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00:07:32,895 --> 00:07:34,725
there would have been water supply here.
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I'm just going to make up a number.
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Say it was 20 some stage.
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There was a number there,
there was nothing here.
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So it would have been diagnosed like this.
134
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Right?
135
00:07:44,835 --> 00:07:50,895
So again, like I said, what traditionally
institutions have always done is rather
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00:07:50,895 --> 00:07:57,285
than doing it diagonally, which is
the, sorry, just get my a pen ready.
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Four minus two.
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They've always said, well, we don't care.
139
00:08:01,275 --> 00:08:02,805
That is diagnosed technically.
140
00:08:02,805 --> 00:08:03,165
Okay.
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00:08:03,165 --> 00:08:04,485
The bid offer is diagnosed.
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We're just going to take,
um, at the same price level.
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Okay.
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So yeah, technically you could argue
that it should be four minus two,
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00:08:14,775 --> 00:08:20,955
but actually when we're trading us
price, you could also argue, hang on.
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I'm more interested in a
particular price level.
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So what I've come to the
conclusion is that there's no
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right or wrong answer to me.
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Certain things make more sense.
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We're now gonna get rid
of the depth of market.
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I'm going to go straight to the footprint.
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So let me, this is actually
a live depth of market.
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I've disconnected it because
otherwise it'd be moving up and down.
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I wouldn't be able to
show you this example.
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Right?
156
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So let me just move that to the
side and bring up the footprint.
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So here's the footprint guys.
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00:08:52,650 --> 00:08:56,310
Now I can actually zoom into this cause
I know some of you are on smartphones
159
00:08:56,310 --> 00:09:02,100
and I'm going to try and make this a
bit easier for you get rid of that.
160
00:09:03,510 --> 00:09:06,420
So hope you understand why I showed
you on that depth of market, because
161
00:09:06,420 --> 00:09:11,280
here it's not as obvious where,
what bit are for trait diagonally.
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00:09:11,280 --> 00:09:13,860
So let's just, it doesn't
matter what candle we take.
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Let's take this one.
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Okay.
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00:09:17,700 --> 00:09:18,570
Would you agree?
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00:09:19,860 --> 00:09:23,190
That's the bid an offer
typically here as well.
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00:09:23,370 --> 00:09:26,250
Typically that's the bid an offer, right?
168
00:09:27,330 --> 00:09:29,220
And we could say that
for any of these, right?
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00:09:29,250 --> 00:09:30,300
That's the bid an offer.
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That's the bit enough go.
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00:09:34,469 --> 00:09:34,859
Okay.
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00:09:35,310 --> 00:09:40,739
Now, like I said, you could either
argue what you could either argue
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00:09:40,739 --> 00:09:46,229
for it sideways because it's also
buying versus sorry it's buying versus
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selling, or you could argue diagonally,
so you need to make a decision.
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00:09:50,400 --> 00:09:56,880
So what I found, and this is from
talking to institutional traders who
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00:09:56,880 --> 00:09:58,829
have very successful that I know of.
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00:09:59,130 --> 00:10:04,260
And, um, also through my own
research, I've just found that
178
00:10:04,260 --> 00:10:05,579
what the majority of people do.
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00:10:05,579 --> 00:10:09,900
And I think it makes sense to me is
they've kind of found a happy medium
180
00:10:09,900 --> 00:10:14,910
where they've said, okay, so what we're
gonna do is we're gonna continue to
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00:10:14,910 --> 00:10:19,589
use, um, for the main Delta calculation
what's traditionally been done,
182
00:10:20,069 --> 00:10:24,060
because what will happen is the reason
I think that makes sense is because.
183
00:10:26,790 --> 00:10:29,459
So, let me first show you that Delta
calculation, because remember I
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00:10:29,459 --> 00:10:31,350
said, it's just buys minor cells.
185
00:10:31,439 --> 00:10:38,579
Um, so have a look at this, this
column here, guys, dust the Delta.
186
00:10:39,390 --> 00:10:39,840
Okay.
187
00:10:39,900 --> 00:10:41,189
Very simple.
188
00:10:41,400 --> 00:10:42,060
What did I say?
189
00:10:42,360 --> 00:10:43,530
Buying minus selling.
190
00:10:43,770 --> 00:10:46,709
So do you remember that's
the buying side, right?
191
00:10:46,829 --> 00:10:47,730
Market orders.
192
00:10:48,030 --> 00:10:49,740
That's the selling market holders.
193
00:10:50,819 --> 00:10:52,079
Just do one minus the other guy.
194
00:10:52,079 --> 00:10:58,980
So look three minus zero is
three, six minus four is two.
195
00:11:00,060 --> 00:11:00,510
Okay.
196
00:11:00,720 --> 00:11:04,439
65 minus 12 is what?
197
00:11:05,069 --> 00:11:06,210
53.
198
00:11:06,569 --> 00:11:06,930
Okay.
199
00:11:07,079 --> 00:11:08,069
What does that mean?
200
00:11:08,069 --> 00:11:11,250
It just means there were
three more contracts bought.
201
00:11:11,730 --> 00:11:13,439
You can think of it in very simple terms.
202
00:11:13,439 --> 00:11:17,610
There were three more buyers
than sellers at this particular
203
00:11:17,610 --> 00:11:19,199
price, whatever price that was.
204
00:11:19,260 --> 00:11:20,430
I mean, zoom out of that.
205
00:11:22,710 --> 00:11:23,280
Get rid of this.
206
00:11:26,640 --> 00:11:26,850
Okay.
207
00:11:26,850 --> 00:11:29,580
So probably quite handy if I could
have the price, unfortunately, because
208
00:11:29,580 --> 00:11:35,160
of the zooming function I can't,
but, um, you may have to do this on
209
00:11:35,160 --> 00:11:37,110
your desktop to really get it guys.
210
00:11:37,170 --> 00:11:44,580
Um, maybe for zooming, if you have
a look at this 1, 1 23 62, right?
211
00:11:45,210 --> 00:11:46,380
What does that mean yet?
212
00:11:46,410 --> 00:11:47,940
On the bid offer?
213
00:11:48,420 --> 00:11:53,790
It was eight versus two, but
actually that involves two prices.
214
00:11:53,790 --> 00:11:54,180
Doesn't it?
215
00:11:54,180 --> 00:11:57,180
It makes it complicated unnecessarily.
216
00:11:57,720 --> 00:12:02,970
So what we can do is when we measure
Delta, we use, I prefer to use
217
00:12:02,970 --> 00:12:07,620
traditionally what traders have
always used historically before
218
00:12:07,620 --> 00:12:08,760
they gave you that secondary.
219
00:12:09,795 --> 00:12:15,255
Which is to use the single price at
1 23 62, there were eight buyers and
220
00:12:15,255 --> 00:12:17,175
three sellers kind of makes sense.
221
00:12:17,175 --> 00:12:21,405
You know, even if you're in the open
marketplace for any good, as I talk
222
00:12:21,405 --> 00:12:26,415
about all the time, you know, like
chocolate wine, whatever it is, um,
223
00:12:26,535 --> 00:12:30,315
you saw or bananas, it's always nice to
know it at one price point, isn't it?
224
00:12:30,645 --> 00:12:35,355
You wouldn't say, oh, when the bid
offer in bananas was 10 versus nine,
225
00:12:35,385 --> 00:12:37,035
even though technically it's correct.
226
00:12:37,575 --> 00:12:41,055
You would say, well, at $10, there
were eight buyers and three sellers
227
00:12:41,655 --> 00:12:45,405
traditionally kind of make sense,
but technically it's not correct
228
00:12:45,885 --> 00:12:48,435
because as we know, you can't
buy and sell at the same price.
229
00:12:49,065 --> 00:12:50,715
So it's a slight technical nuance.
230
00:12:50,715 --> 00:12:55,335
So what I prefer to do is make,
do what makes logical sense to me
231
00:12:55,335 --> 00:12:57,255
for the main Delta calculation.
232
00:12:57,585 --> 00:13:03,075
So can you see that it's here, it's
simply eight buyers minus three
233
00:13:03,075 --> 00:13:06,615
sellers, so five, and that's why
it's green and joining us plus.
234
00:13:07,560 --> 00:13:11,970
Because it's strength on the
buy side where it's red, it's
235
00:13:11,970 --> 00:13:13,470
more sellers than buyers guys.
236
00:13:14,220 --> 00:13:15,300
So let me show you that.
237
00:13:16,530 --> 00:13:19,230
And I want you to do this
obviously in your own time as well.
238
00:13:19,710 --> 00:13:19,920
Okay.
239
00:13:19,920 --> 00:13:22,740
So I am actually able to
show you the price apologize.
240
00:13:24,060 --> 00:13:24,360
Sorry.
241
00:13:24,360 --> 00:13:25,230
You'll have to forgive me.
242
00:13:25,230 --> 00:13:29,610
I'm not a, obviously I'm a trader,
not a presenter, so I'm not familiar
243
00:13:29,610 --> 00:13:34,020
with half of this stuff, but let
me really zoom in for you here.
244
00:13:34,890 --> 00:13:35,340
There you go.
245
00:13:37,380 --> 00:13:44,880
So can you see this price point,
which is 1 23 57 in pound dollar it
246
00:13:45,329 --> 00:13:51,630
29 minus 10 is what minus 19 in red.
247
00:13:51,660 --> 00:13:51,960
Why?
248
00:13:51,960 --> 00:13:54,510
Because the selling side
was stronger at that price.
249
00:13:55,470 --> 00:13:55,890
Okay.
250
00:13:55,980 --> 00:13:59,700
So when I said there's a compromise,
so where is the compromise guys?
251
00:13:59,700 --> 00:14:01,680
So the imbalance.
252
00:14:02,625 --> 00:14:05,595
Essentially, there's two
ways of measuring imbalance.
253
00:14:06,045 --> 00:14:09,074
There's this type of traditional Delta.
254
00:14:09,375 --> 00:14:15,795
And then there's also, um, the
new type of imbalance, which
255
00:14:15,795 --> 00:14:17,145
I said is on the bid offer.
256
00:14:17,564 --> 00:14:22,905
So what I've done to find a nice, happy
medium is I look at both essentially,
257
00:14:22,905 --> 00:14:24,375
and I look at them in different ways.
258
00:14:25,155 --> 00:14:28,694
So this is why it makes sense to me.
259
00:14:28,694 --> 00:14:29,775
So forgive me.
260
00:14:29,775 --> 00:14:33,855
I know it sounds like I'm not getting to
the point, but actually what it is is I'm
261
00:14:33,855 --> 00:14:37,665
building my self up to it because like
with most things, most things it's not
262
00:14:38,235 --> 00:14:40,605
necessarily just a straightforward answer.
263
00:14:41,564 --> 00:14:45,285
So I'm just making sure that I'm
presenting this in the right way,
264
00:14:47,775 --> 00:14:51,345
because I want to zoom out a little
bit and you'll see why in a second.
265
00:14:51,375 --> 00:14:51,704
All right.
266
00:14:52,935 --> 00:14:53,324
Okay.
267
00:14:53,355 --> 00:14:57,704
So the new type of imbalance.
268
00:14:58,920 --> 00:15:00,150
As I said diagonally.
269
00:15:00,150 --> 00:15:00,480
Right?
270
00:15:01,500 --> 00:15:06,030
So what I've decided to do, and again,
this is what I've found from speaking
271
00:15:06,030 --> 00:15:10,350
to many friends who are institutional
traders is they've decided to do as well.
272
00:15:10,350 --> 00:15:12,150
And it's kind of nice
because I decided to do it.
273
00:15:12,150 --> 00:15:15,270
And I find out that everyone else
decided to do it, which kind of makes
274
00:15:15,270 --> 00:15:19,860
me reaffirm that what I'm doing makes
logical sense is, so what I've said
275
00:15:19,860 --> 00:15:28,680
is in individual candles where I'm not
necessarily referencing it to another
276
00:15:28,680 --> 00:15:30,030
area when I'm coming back to it.
277
00:15:30,030 --> 00:15:30,900
So what do I mean by that?
278
00:15:30,930 --> 00:15:36,540
So let's say here, I'm
looking at this Delta price.
279
00:15:37,860 --> 00:15:41,100
What I like to do with that type
of Delta is when I'm coming back
280
00:15:41,100 --> 00:15:47,730
to it to test this area again, I
like to look at it as a individual
281
00:15:47,730 --> 00:15:49,199
price because it makes sense to me.
282
00:15:49,560 --> 00:15:51,720
We've got to come back to that price.
283
00:15:52,709 --> 00:15:56,550
However, when I'm looking at it
individually within one Canada,
284
00:15:57,600 --> 00:15:59,250
I like to look at it diagonally.
285
00:15:59,760 --> 00:16:00,150
Okay.
286
00:16:00,360 --> 00:16:02,100
That's where the coloring comes from.
287
00:16:02,310 --> 00:16:07,020
What that does is it allows me
to basically cover both my bases.
288
00:16:07,110 --> 00:16:12,420
It allows me to cover diagno
Delta and also Delta sideways.
289
00:16:13,590 --> 00:16:15,600
So how do I do that?
290
00:16:15,660 --> 00:16:22,650
Well, what I do is, and the market has,
do you know how we've a lot of, um, things
291
00:16:22,650 --> 00:16:24,120
that you use on your retail platform?
292
00:16:24,120 --> 00:16:25,200
There'll be a standard setting.
293
00:16:25,200 --> 00:16:27,690
The standard setting is
basically three, the imbalance.
294
00:16:27,690 --> 00:16:28,500
So what does that mean?
295
00:16:29,460 --> 00:16:35,220
That means that essentially
it's either buyers over sellers.
296
00:16:35,520 --> 00:16:41,010
The ratio is greater than, or equal
to three or sellers over buyers.
297
00:16:41,220 --> 00:16:44,580
But, um, obviously that will be negative.
298
00:16:45,060 --> 00:16:48,960
So it's, you know, that will be
less than or equal to minus three.
299
00:16:49,860 --> 00:16:50,130
Right.
300
00:16:50,160 --> 00:16:53,250
So what do I mean by that?
301
00:16:53,250 --> 00:16:54,960
So let's have a look at this.
302
00:16:56,055 --> 00:16:58,005
All has over sellers here.
303
00:16:59,055 --> 00:17:01,245
Let's look for some imbalances.
304
00:17:01,245 --> 00:17:02,865
We can see them straight
away where it's green.
305
00:17:02,865 --> 00:17:03,225
Isn't it.
306
00:17:04,754 --> 00:17:05,295
Can you see that?
307
00:17:05,295 --> 00:17:06,405
65 is green.
308
00:17:06,435 --> 00:17:07,484
What that is doing?
309
00:17:07,484 --> 00:17:09,194
Is it saying 65?
310
00:17:09,224 --> 00:17:10,305
Over 21?
311
00:17:10,875 --> 00:17:11,504
What is that?
312
00:17:12,315 --> 00:17:12,885
Three.
313
00:17:13,065 --> 00:17:13,605
Okay.
314
00:17:14,055 --> 00:17:17,625
So does that meet my criteria?
315
00:17:17,625 --> 00:17:18,165
Yes, it does.
316
00:17:18,165 --> 00:17:18,615
Okay.
317
00:17:19,065 --> 00:17:22,155
Color the buyers greed because
the buyers are stronger.
318
00:17:22,155 --> 00:17:25,754
They're by ratio of more
than three to the sellers.
319
00:17:25,964 --> 00:17:27,014
Hope that makes sense.
320
00:17:28,125 --> 00:17:28,575
Dang guys.
321
00:17:28,575 --> 00:17:29,145
You know what?
322
00:17:29,175 --> 00:17:33,855
Like I said, if none of this is
making sense to, you know, more
323
00:17:33,855 --> 00:17:38,535
than happy to do a supplementary,
um, videos as a group with, cause
324
00:17:38,535 --> 00:17:39,705
there's going to be plenty of you got.
325
00:17:40,545 --> 00:17:42,675
Um, that may be in the same boat.
326
00:17:42,705 --> 00:17:46,125
If things don't make sense to you, don't
get worried and think, oh, I'm never
327
00:17:46,125 --> 00:17:47,715
going to get these guys contact me.
328
00:17:47,715 --> 00:17:48,195
Let me know.
329
00:17:48,225 --> 00:17:52,665
It's not making sense envy and you know,
happy to do some group sessions where we
330
00:17:52,665 --> 00:17:54,435
can just solidify a lot of this learning.
331
00:17:55,004 --> 00:17:57,375
Um, but I'm going to
continue at this pace now.
332
00:17:57,825 --> 00:18:02,264
So that's buying, let's do
one more example again, do
333
00:18:02,264 --> 00:18:03,975
this for yourself everywhere.
334
00:18:03,975 --> 00:18:05,175
It's green and not green.
335
00:18:05,264 --> 00:18:05,985
Do the ratio.
336
00:18:06,014 --> 00:18:07,845
And you'll see those three here.
337
00:18:07,845 --> 00:18:12,495
Can you see five over one plus
five divided by one, five there's
338
00:18:12,495 --> 00:18:15,135
five times more buyers, right?
339
00:18:15,195 --> 00:18:16,845
Is that greater than or equal to three?
340
00:18:16,875 --> 00:18:17,595
Yes, it is.
341
00:18:18,135 --> 00:18:19,665
So that turned green.
342
00:18:20,504 --> 00:18:20,955
Okay.
343
00:18:21,195 --> 00:18:26,025
Let's look at the, these two, these 2 81.
344
00:18:27,285 --> 00:18:28,455
I have a 46.
345
00:18:28,905 --> 00:18:30,335
Is that ratio greater than.
346
00:18:31,155 --> 00:18:32,805
No, it isn't, it's less isn't it?
347
00:18:33,075 --> 00:18:38,535
So it didn't call it that
green, however, most 89 minus
348
00:18:38,535 --> 00:18:42,465
30, 80 short, 81 minus 39 42.
349
00:18:42,705 --> 00:18:47,295
So the Delta, they still shows me
the Delta and I can compare it to
350
00:18:47,325 --> 00:18:49,245
every price level of Delta here.
351
00:18:49,665 --> 00:18:54,285
Then what I've also done, which is
quite nice is I've got these bars,
352
00:18:56,295 --> 00:18:59,865
which show me the strength of Delta
relative to the rest of the bar.
353
00:19:01,005 --> 00:19:01,455
Okay.
354
00:19:04,920 --> 00:19:07,740
So here, you've got Delta
at each price level.
355
00:19:07,740 --> 00:19:08,100
Right?
356
00:19:08,640 --> 00:19:10,350
So again, guys, do this for yourself.
357
00:19:10,710 --> 00:19:15,060
Get up a footprint and just do
it on a calculator or whatever.
358
00:19:15,450 --> 00:19:17,010
Just do each one three minus zero.
359
00:19:17,040 --> 00:19:17,250
Yep.
360
00:19:17,280 --> 00:19:18,720
Three, six minus four.
361
00:19:18,750 --> 00:19:18,960
Yep.
362
00:19:18,990 --> 00:19:20,700
2 65 minus 12.
363
00:19:20,730 --> 00:19:20,970
Yep.
364
00:19:21,000 --> 00:19:23,190
53, 9 minus 21.
365
00:19:23,280 --> 00:19:26,340
Minus 12 is red sellers were stronger.
366
00:19:26,910 --> 00:19:28,950
21 minus nine minus eight.
367
00:19:29,460 --> 00:19:29,730
Okay.
368
00:19:29,760 --> 00:19:32,100
So at every price level
you've got a Delta.
369
00:19:32,490 --> 00:19:36,120
And what I've done is this is why I say,
guys, you won't find a better footprint
370
00:19:36,120 --> 00:19:37,080
than the one that I've built for.
371
00:19:37,080 --> 00:19:41,760
You have custom built this because
for me it makes so much sense when
372
00:19:41,760 --> 00:19:45,540
I'm, you know, if I nip away for 10
minutes, I come back straight away.
373
00:19:45,540 --> 00:19:49,230
Can not, can you see, uh, buys was strong.
374
00:19:49,230 --> 00:19:50,760
Their buys are strong.
375
00:19:50,760 --> 00:19:52,530
They're at that price level, I've done it.
376
00:19:52,890 --> 00:19:57,420
So the bars are stronger where the
dealt with a stronger relative to
377
00:19:57,420 --> 00:19:59,970
the rest of the bar, cause 42 and 53.
378
00:19:59,970 --> 00:20:02,820
Would you agree in this bar
or the strongest doubters?
379
00:20:04,020 --> 00:20:07,830
So coming back to, I know I'm mixing and
matching here a little bit by talking
380
00:20:07,830 --> 00:20:10,620
about the diagonal and the sideways.
381
00:20:11,220 --> 00:20:14,850
Um, but at the end of the
day is just looking at the
382
00:20:14,850 --> 00:20:16,409
ratio of buyers and sellers.
383
00:20:16,830 --> 00:20:20,310
So let's look at some negative
delvers cause we did the, the,
384
00:20:20,310 --> 00:20:23,790
um, diagonal positive ones.
385
00:20:24,870 --> 00:20:25,439
Okay.
386
00:20:25,500 --> 00:20:29,429
So let's look at this.
387
00:20:30,659 --> 00:20:32,010
So that, would you agree?
388
00:20:32,010 --> 00:20:40,350
19 sellers and five buyers is
19 over five greater than three.
389
00:20:40,409 --> 00:20:41,010
Yes, it is.
390
00:20:41,010 --> 00:20:44,399
Now the reason I put the negative
sign is because obviously in
391
00:20:44,399 --> 00:20:46,480
reality, it's minus 19, right?
392
00:20:46,500 --> 00:20:47,639
Cause 19 sellers.
393
00:20:48,030 --> 00:20:52,470
So it is obviously less than or equal to
minus three, but it doesn't really matter.
394
00:20:52,470 --> 00:20:57,449
The point is that it's 19
sellers, um, over five.
395
00:20:57,449 --> 00:20:59,760
So is the ratio greater
than three yesterday?
396
00:21:00,870 --> 00:21:01,140
Okay.
397
00:21:01,170 --> 00:21:05,070
Anything about 15 sellers in
this instance would have been
398
00:21:05,070 --> 00:21:06,540
greater than, or equal to three.
399
00:21:06,750 --> 00:21:07,740
So can you see it go?
400
00:21:07,830 --> 00:21:10,440
It goes red automatically.
401
00:21:10,500 --> 00:21:11,220
I've built this.
402
00:21:11,220 --> 00:21:12,360
So it does it for you.
403
00:21:13,470 --> 00:21:16,020
You can change the ratios, play
around with it in your career.
404
00:21:16,020 --> 00:21:17,940
You may find something
different works for you.
405
00:21:18,630 --> 00:21:21,840
I've just stuck with the industry
standard three R you know, I've tried
406
00:21:21,840 --> 00:21:24,360
different ones and, you know, at
the end of the day, I've just find
407
00:21:24,360 --> 00:21:25,710
the kind of even themselves out.
408
00:21:25,710 --> 00:21:29,340
So as long as you're consistent,
um, then you're okay.
409
00:21:29,340 --> 00:21:30,990
So let's just quickly recap.
410
00:21:31,020 --> 00:21:32,940
And I think that's
really it for Delta guys.
411
00:21:32,970 --> 00:21:36,240
Like I said, it's much more simple
than a lot of this stuff we've
412
00:21:36,240 --> 00:21:40,620
been looking at, essentially
looking at buyers versus sellers.
413
00:21:40,680 --> 00:21:42,480
Who's stronger each price level.
414
00:21:43,440 --> 00:21:49,500
And again, just to reiterate, I like
to look at this and you'll see later
415
00:21:49,500 --> 00:21:54,165
when we actually do footprint example,
Here I like, because what it is, I
416
00:21:54,165 --> 00:21:55,725
like to just look at these at a glance.
417
00:21:55,755 --> 00:21:56,655
Can you see it nicely?
418
00:21:56,655 --> 00:21:58,545
It sticks out there.
419
00:21:58,875 --> 00:22:00,045
They're there.
420
00:22:00,105 --> 00:22:04,185
So kind of gives me a rough idea
of where, whereas in the individual
421
00:22:04,185 --> 00:22:08,325
candle, these imbalances can be
a little bit all over the place.
422
00:22:08,595 --> 00:22:15,795
So what, what, by looking at it this way
and then highlighting the Delta bars.
423
00:22:16,095 --> 00:22:22,575
When we come back to it, I just find it
easy to compare individual price levels.
424
00:22:22,575 --> 00:22:23,055
To me.
425
00:22:23,445 --> 00:22:28,815
That makes sense when you're coming back
to levels to test and then take off four.
426
00:22:29,025 --> 00:22:29,415
Okay.
427
00:22:29,625 --> 00:22:33,945
Now why would we come back to test and
how would we get in and what would we do?
428
00:22:33,975 --> 00:22:35,295
We'll get onto that later.
429
00:22:35,835 --> 00:22:38,385
The whole point of this
exercise is literally to explain
430
00:22:38,385 --> 00:22:39,675
to you what the Delta is.
431
00:22:40,005 --> 00:22:45,645
Um, Y um, not only me, but also
instead all institutional players
432
00:22:46,005 --> 00:22:50,595
are looking at it generally on an
individual candle, um, dietary.
433
00:22:51,510 --> 00:22:54,960
To figure out where's
the imbalances imbalance.
434
00:22:55,020 --> 00:22:55,740
What does that mean?
435
00:22:56,040 --> 00:23:00,480
More buyers and sellers, an imbalance
or more sellers than buyers.
436
00:23:00,960 --> 00:23:05,399
So again, don't forget guys, it's easily
highlighted for you and you should
437
00:23:05,399 --> 00:23:07,560
be, should be visible to you as well.
438
00:23:08,280 --> 00:23:08,580
Right?
439
00:23:08,610 --> 00:23:13,830
So in an individual candle, um, I'm
looking at it both ways and it's actually
440
00:23:13,830 --> 00:23:19,980
quite nice to combine them because on
the individual candle, especially, um,
441
00:23:20,280 --> 00:23:27,210
if I just zoom out and we just have
a look at these again, um, individual
442
00:23:27,210 --> 00:23:29,460
candle is, um, just what it is.
443
00:23:29,460 --> 00:23:32,100
I'm just trying to think of one
candle because there's so many
444
00:23:32,100 --> 00:23:36,990
candles here thinking the best way
not to confuse matters where we've
445
00:23:36,990 --> 00:23:39,570
got a mix of buyers and sellers.
446
00:23:39,870 --> 00:23:41,430
So that will give you a good example.
447
00:23:43,230 --> 00:23:44,899
And let me just move this across here.
448
00:23:44,899 --> 00:23:45,600
You can see the price.
449
00:23:50,985 --> 00:23:53,835
Okay, so you see there aren't
that many good examples.
450
00:23:53,835 --> 00:23:54,585
This is a good one.
451
00:23:55,305 --> 00:23:55,605
Okay.
452
00:23:55,605 --> 00:23:56,205
So here you go.
453
00:23:56,445 --> 00:24:01,215
So can you see here selling
imbalance, selling imbalance at the
454
00:24:01,215 --> 00:24:07,875
tail end, we had imbalances 10 more
sellers than buyers four to one.
455
00:24:07,905 --> 00:24:10,965
Think of it in ratio terms
as well as absolute terms.
456
00:24:11,415 --> 00:24:13,155
Um, but for now I don't
want to complicate matters.
457
00:24:13,155 --> 00:24:17,805
Just think of it as ratio and we'll come
on to, um, what is a big and small number
458
00:24:17,805 --> 00:24:22,935
for us to look at, but you can see there
again, 32 more sellers than buyers.
459
00:24:24,015 --> 00:24:28,515
Whereas here we had more buyers and
sellers, more buyers and sellers on the
460
00:24:28,515 --> 00:24:30,945
diagonal basis or buyers and sellers.
461
00:24:31,365 --> 00:24:35,955
So what I like to do is, and then
I'll combine it with the sideways
462
00:24:35,955 --> 00:24:41,235
Delta, which is minus 25, which
is 32 more sellers than buyers.
463
00:24:41,505 --> 00:24:42,015
So not.
464
00:24:42,045 --> 00:24:44,925
Do you see, this is actually
quite a strong selling area.
465
00:24:45,765 --> 00:24:46,665
On its own.
466
00:24:47,385 --> 00:24:50,355
Obviously it depends where we
are on the chalk contextually.
467
00:24:50,355 --> 00:24:52,635
You know, if we're in the middle of
nowhere, it's meaningless, but if we're
468
00:24:52,635 --> 00:24:57,135
at a crucial area, we're looking to trade
that we've not only got diagnosed and
469
00:24:57,135 --> 00:25:04,215
balance 32, we've also got a sideways
imbalance, um, which is typically
470
00:25:04,215 --> 00:25:06,735
what Delta is referring to minus 25.
471
00:25:07,155 --> 00:25:08,205
So that's the Delta.
472
00:25:08,685 --> 00:25:11,655
All right, guys, that is
dealt on an individual basis.
473
00:25:11,685 --> 00:25:15,555
Now what we're going to do,
just crank it up a little bit.
474
00:25:15,555 --> 00:25:20,715
And we're going to look at, um,
Delta summarized in the table below.
475
00:25:20,715 --> 00:25:24,885
So again, I haven't really seen
much of this anywhere is I'm just
476
00:25:24,885 --> 00:25:26,475
trying to set up, not present.
477
00:25:26,475 --> 00:25:30,345
I'm trying to figure out how to get
the zoomed out again, but you can
478
00:25:30,345 --> 00:25:36,825
see this Delta, this Delta change,
max Delta Mindo, uh, that percentage.
479
00:25:37,335 --> 00:25:40,875
So let's go over what these are now.
480
00:25:40,875 --> 00:25:43,095
You know what Delta is individually.
481
00:25:44,025 --> 00:25:49,695
On an absolute basis, um, within
each candle, let's look at what this
482
00:25:49,695 --> 00:25:53,145
is and look, we'll revisit all of
this again, so that they make sense.
483
00:25:53,175 --> 00:25:53,665
Don't worry.
484
00:25:53,685 --> 00:25:55,935
We'll when we revisit
it and do some examples.
485
00:25:56,415 --> 00:26:00,525
Um, so basically let's look
at, um, this table first.
486
00:26:01,095 --> 00:26:01,425
Okay.
487
00:26:01,425 --> 00:26:01,845
Traders.
488
00:26:01,845 --> 00:26:06,195
So we're looking at this table
here, um, which is actually a very
489
00:26:06,195 --> 00:26:09,645
useful table, which like I said,
is custom built just for you.
490
00:26:09,975 --> 00:26:11,955
You won't get this on any footprints.
491
00:26:11,985 --> 00:26:17,535
Um, you might have the option for
one or two, um, of these individual
492
00:26:17,535 --> 00:26:21,825
options, but as you'll see, I've
combined some stuff to really help
493
00:26:21,825 --> 00:26:26,325
you notice if buyers or sellers are
being trapped because ultimately to
494
00:26:26,325 --> 00:26:28,365
understand what's going on in this table.
495
00:26:29,025 --> 00:26:33,375
Um, it's probably best, we actually
start to think about what we actually
496
00:26:33,375 --> 00:26:34,965
looking for in the footprint.
497
00:26:35,835 --> 00:26:40,395
Well, as you know, I'm looking for, as
you may have seen on my posts before.
498
00:26:41,880 --> 00:26:45,660
Discuss this in the discord room
is I'm looking guys for people to
499
00:26:46,200 --> 00:26:50,430
get aggressively selling, because
what happens if people are selling
500
00:26:50,460 --> 00:26:52,890
into a move that's going to reverse.
501
00:26:53,580 --> 00:26:56,070
As soon as it starts reversing in them,
what are they going to have to do?
502
00:26:56,070 --> 00:26:57,900
Guys, they're going to have to bail.
503
00:26:58,110 --> 00:27:01,020
We call it puking on a trading
floor, but basically they're going
504
00:27:01,020 --> 00:27:04,710
to have to exit aren't they to
exit, what do you have to do buy?
505
00:27:05,340 --> 00:27:09,450
So at the end of the day, the
more that they've sold, would
506
00:27:09,450 --> 00:27:12,030
you agree the more they have to
buy to drive it the other way?
507
00:27:12,510 --> 00:27:17,280
So if I zoom this out again,
sorry, apologies for this.
508
00:27:17,430 --> 00:27:20,730
If you think of look, it
can be my discord levels.
509
00:27:20,730 --> 00:27:21,420
It doesn't matter.
510
00:27:21,420 --> 00:27:25,320
I'm going to obviously talk to,
especially in the orderly markets
511
00:27:25,320 --> 00:27:29,610
about, um, you know, context
and finding areas to treat from.
512
00:27:30,150 --> 00:27:34,920
Um, and let's say, you've
got your hypothesis now.
513
00:27:34,950 --> 00:27:38,100
End of the day, guys, you're not always
going to have the same levels as me.
514
00:27:38,100 --> 00:27:39,480
You know, this is not a.
515
00:27:41,175 --> 00:27:44,264
You know, crystal ball territory,
everyone's going to have
516
00:27:44,264 --> 00:27:45,435
slightly different levels.
517
00:27:45,435 --> 00:27:46,935
It doesn't matter what their level is.
518
00:27:46,935 --> 00:27:49,784
The point is you go have
absolute faith in your level.
519
00:27:50,264 --> 00:27:53,655
But the point is, let's say
this was an area of interest.
520
00:27:54,254 --> 00:27:58,725
Like I said, we're going to get into
this a bit later, um, context, but
521
00:27:58,725 --> 00:28:03,825
let's just take it for granted for now
that that is an area you had marked, as
522
00:28:03,825 --> 00:28:07,754
you see sometimes, well, ahead of the
session on have areas I'm interested.
523
00:28:09,060 --> 00:28:13,260
What I'm looking for guys is I'm
looking for people to aggressively
524
00:28:13,260 --> 00:28:18,510
sell into here, get trapped, and
then it starts to move against them.
525
00:28:18,510 --> 00:28:19,320
And they do what?
526
00:28:19,560 --> 00:28:23,130
Stop panicking, buying,
panicking, more buying.
527
00:28:23,460 --> 00:28:27,270
Think about it when you're in a short and
the market starts going the other way.
528
00:28:27,330 --> 00:28:27,810
What do you do?
529
00:28:27,810 --> 00:28:28,770
You start to get worried.
530
00:28:29,400 --> 00:28:30,360
So would you agree?
531
00:28:30,360 --> 00:28:34,920
We need to find a measure
of how short this is short.
532
00:28:35,010 --> 00:28:39,150
Obviously it works, belongs as
well, just the opposite way, but we
533
00:28:39,150 --> 00:28:45,480
need to find a measure of how short
are the sellers as they're getting
534
00:28:45,490 --> 00:28:48,420
in to, um, this area of interest.
535
00:28:48,660 --> 00:28:51,540
So that's what essentially this
table is going to help us to do.
536
00:28:51,540 --> 00:28:57,750
It's going to help to tell us how
short the sellers again, because
537
00:28:57,750 --> 00:29:01,350
obviously, as I said, the shorter,
there are more aggressively.
538
00:29:01,350 --> 00:29:05,400
They're getting trapped into sell
positions, into areas where I want to buy.
539
00:29:06,179 --> 00:29:08,969
They're going to help my buyer
position move in my favor.
540
00:29:08,969 --> 00:29:09,360
Isn't it?
541
00:29:09,360 --> 00:29:14,850
Because the more people that are
selling, the more, um, people
542
00:29:14,850 --> 00:29:17,310
that I need to buy all the more
contracts that need to be bought.
543
00:29:17,669 --> 00:29:20,730
So we've already said Delta, right?
544
00:29:20,760 --> 00:29:26,040
Delta helps us measure what the
strength of the buyers versus the
545
00:29:26,040 --> 00:29:27,570
sellers or sellers versus buyers.
546
00:29:27,810 --> 00:29:28,709
So think about it.
547
00:29:28,959 --> 00:29:34,469
It is strength, but it's also
strength in the sense of showing me
548
00:29:34,770 --> 00:29:36,570
where the market's got pain points.
549
00:29:36,600 --> 00:29:37,590
Now, what do I mean by that?
550
00:29:38,129 --> 00:29:39,719
Well, if this, what did I just say?
551
00:29:39,750 --> 00:29:45,870
I want to find out where sellers
are selling aggressively so that I
552
00:29:45,870 --> 00:29:48,570
can trade against them right now.
553
00:29:49,709 --> 00:29:50,610
What does that mean?
554
00:29:50,669 --> 00:29:54,629
Well, as we said, that Delta is what, the
difference between buyers and sellers.
555
00:29:54,629 --> 00:29:55,620
So obviously I want to say.
556
00:29:56,385 --> 00:30:00,015
Sellers be stronger in terms of Delta.
557
00:30:00,525 --> 00:30:04,665
So forget about diagnose Delta for
the minute, because as I said, um,
558
00:30:04,695 --> 00:30:06,675
the way we're measuring it here is.
559
00:30:07,815 --> 00:30:10,215
Um, aligned at the same price point.
560
00:30:10,605 --> 00:30:13,095
Really doesn't matter
guys, which one you do?
561
00:30:13,185 --> 00:30:14,985
I don't need to get obsessed about this.
562
00:30:15,435 --> 00:30:18,945
Um, I use it sideways at one price point.
563
00:30:19,365 --> 00:30:21,375
If you want to go off and do
it diagonally, that's fine.
564
00:30:21,375 --> 00:30:25,065
Like I said, on individual candles,
I don't mind doing it diagonally
565
00:30:25,425 --> 00:30:28,785
because the other thing I forgot
to mention is as the candle is
566
00:30:28,785 --> 00:30:31,065
forming, we're trading diagonally.
567
00:30:31,245 --> 00:30:35,535
So don't mind looking at imbalances on
a single candle diagonally, but when
568
00:30:35,535 --> 00:30:40,125
I'm looking at a candle as a whole,
um, an areas as a whole, obviously
569
00:30:40,125 --> 00:30:42,285
I like to look at in terms of price.
570
00:30:42,675 --> 00:30:47,085
So the easiest thing for us to do
anyway, we've already understood
571
00:30:47,115 --> 00:30:52,605
individual price points are telling us,
um, the strength of buyers and sellers.
572
00:30:53,055 --> 00:30:54,435
But guys, what do I want to know?
573
00:30:54,525 --> 00:30:59,325
I want to know whole areas,
areas as we're selling, right.
574
00:30:59,415 --> 00:31:05,655
As we sending into my, you remember I
had this little area, I want to know.
575
00:31:06,480 --> 00:31:10,470
As a whole, I'm not just
interested in one price, am I?
576
00:31:10,980 --> 00:31:15,510
Because our people selling at one price,
no, the selling over time, I want to
577
00:31:15,510 --> 00:31:19,379
see how trapped are people getting,
just how aggressive is the selling.
578
00:31:19,709 --> 00:31:25,050
So that's what I designed and this
table, which I find very useful.
579
00:31:25,530 --> 00:31:31,949
So all I'm doing basically, and to
be fair with the first line that
580
00:31:31,949 --> 00:31:35,879
you see here, a lot of institutional
taters are going to be looking at
581
00:31:35,909 --> 00:31:37,980
the Delta of the entire candle.
582
00:31:38,520 --> 00:31:41,520
So that is all that first number is.
583
00:31:41,879 --> 00:31:44,909
So again, I'm sorry to keep zooming
in and out, but probably helpful
584
00:31:44,909 --> 00:31:46,620
for those of you on smartphones.
585
00:31:46,620 --> 00:31:50,070
If I just zoom in a little bit more.
586
00:31:54,870 --> 00:31:55,320
Okay.
587
00:31:55,470 --> 00:31:56,220
So
588
00:31:59,790 --> 00:32:00,030
sorry.
589
00:32:00,030 --> 00:32:00,990
I just clean this up.
590
00:32:02,460 --> 00:32:05,460
What I was thinking of
doing is let's go over.
591
00:32:05,490 --> 00:32:06,330
How many have I got here?
592
00:32:06,360 --> 00:32:07,440
Five candles.
593
00:32:08,190 --> 00:32:13,290
So as we're coming into the cell
zone, so one, so we got this
594
00:32:13,290 --> 00:32:16,860
candle, this candle 2, 3, 4, 5.
595
00:32:17,430 --> 00:32:18,720
Let's do it individually.
596
00:32:18,780 --> 00:32:20,760
As I said, guys, never
take my word for it.
597
00:32:20,760 --> 00:32:23,610
That this is what I tell
you is let's break it apart.
598
00:32:24,030 --> 00:32:24,780
And don't forget.
599
00:32:24,780 --> 00:32:30,150
This is very different to extracting
data out of the chart when using
600
00:32:30,150 --> 00:32:33,300
technical analysis, technical
analysis, what's that doing?
601
00:32:33,360 --> 00:32:34,830
That's distorting price.
602
00:32:35,130 --> 00:32:36,600
You're taking averages.
603
00:32:36,660 --> 00:32:40,680
Um, you know, you're bending price
and doing weird things with it
604
00:32:40,680 --> 00:32:42,240
that you really don't need to.
605
00:32:42,270 --> 00:32:43,230
You're making it more on that.
606
00:32:43,965 --> 00:32:44,985
Guys, what is this?
607
00:32:45,045 --> 00:32:49,155
This is, as I've shown you market
audit straight up off the depth of
608
00:32:49,155 --> 00:32:51,585
market, I'm not manipulating the price.
609
00:32:51,645 --> 00:32:56,175
All I'm doing is I'm rearranging
it, summing it, um, boxing
610
00:32:56,175 --> 00:32:58,514
it into, how do I say it?
611
00:32:58,905 --> 00:33:02,205
Um, information that's easily readable.
612
00:33:02,264 --> 00:33:03,195
That's all I'm doing.
613
00:33:03,254 --> 00:33:04,485
I'm not manipulating it.
614
00:33:04,725 --> 00:33:05,835
So I want to prove that to you.
615
00:33:06,284 --> 00:33:11,715
So would you agree this, this
basically table, this section here
616
00:33:12,375 --> 00:33:15,195
relates to this candle, so let's
just go through them one by one.
617
00:33:15,585 --> 00:33:20,685
So, as I said, the first one is
simply Delta of the whole candle.
618
00:33:21,075 --> 00:33:22,545
Let's prove that to ourselves.
619
00:33:23,295 --> 00:33:26,175
So all that's doing, is it
something, do you remember?
620
00:33:26,175 --> 00:33:28,845
This is the cells and
this is the buys right?
621
00:33:28,875 --> 00:33:29,595
Market orders.
622
00:33:30,705 --> 00:33:36,005
It's the sum of the cells versus so
what was Delta was just buying minus.
623
00:33:36,165 --> 00:33:38,295
It was just a difference
at one price point.
624
00:33:38,835 --> 00:33:42,555
All this is doing is taking the
difference across the whole candle.
625
00:33:42,795 --> 00:33:43,595
So that's all it thinks.
626
00:33:43,595 --> 00:33:46,335
So all you do is you just sum
all of these simple as that.
627
00:33:46,905 --> 00:33:49,185
Um, so let's prove it to ourselves.
628
00:33:49,185 --> 00:33:50,835
We can either sum the differences.
629
00:33:51,015 --> 00:33:58,005
So two plus three is what five
minus 12 is minus seven, right?
630
00:33:58,305 --> 00:34:01,705
Minus four is minus 11,
minus four is minus 15.
631
00:34:01,725 --> 00:34:02,535
Would you see that guys?
632
00:34:03,285 --> 00:34:06,855
One is 15, slow the video down,
rewind it, do it yourself.
633
00:34:06,885 --> 00:34:09,764
If you have to let's prove it
to ourselves a different way.
634
00:34:10,215 --> 00:34:14,955
We're just looking at what the difference
of all the buyers versus all the sellers.
635
00:34:15,495 --> 00:34:20,145
So you can see all the buyers
here and all the sellers.
636
00:34:20,565 --> 00:34:22,995
What's the sum of all the sellers.
637
00:34:23,805 --> 00:34:24,105
Right.
638
00:34:24,135 --> 00:34:25,965
So I'm going to let you add
this up in your own time.
639
00:34:25,965 --> 00:34:27,015
I've actually done it here.
640
00:34:27,015 --> 00:34:28,905
It comes to 36.
641
00:34:29,505 --> 00:34:29,835
Okay.
642
00:34:30,135 --> 00:34:34,785
And the sum of all the buyers comes to
21, just to keep the video, obviously.
643
00:34:34,785 --> 00:34:35,025
Sure.
644
00:34:35,055 --> 00:34:39,645
What's the difference between
21 and 36 minus 15 guys, 36
645
00:34:39,645 --> 00:34:42,105
more sellers than buyers.
646
00:34:42,105 --> 00:34:47,955
So yes, this was, um, sellers
potentially getting trapped as
647
00:34:47,955 --> 00:34:49,935
in sellers were more aggressive.
648
00:34:50,565 --> 00:34:53,265
Now obviously different traders are
going to read this different ways.
649
00:34:53,265 --> 00:34:55,875
As you know, a lot of retail
traders will get excited by this
650
00:34:55,875 --> 00:34:57,195
and think, oh, selling, coming in.
651
00:34:57,195 --> 00:34:57,945
Let me chase it.
652
00:34:58,365 --> 00:35:00,015
No, we're being clever here.
653
00:35:00,015 --> 00:35:03,465
We're saying actually
less, less sellers people.
654
00:35:03,465 --> 00:35:07,465
Who've got FOMO, fear of missing out
that are getting aggressive into.
655
00:35:09,075 --> 00:35:11,565
Less, let them build up selling again.
656
00:35:11,595 --> 00:35:12,975
That's beyond the scope of this.
657
00:35:12,975 --> 00:35:14,774
This is just for footprint.
658
00:35:14,805 --> 00:35:18,944
That's more to do with contextual ideas
and obviously using the footprint to
659
00:35:18,944 --> 00:35:20,835
trade, which we'll come on to for this.
660
00:35:20,835 --> 00:35:24,154
I just purely want you to understand
what this is telling you and all
661
00:35:24,165 --> 00:35:28,484
is telling you is that there's more
sellers than buyers, that's it.
662
00:35:28,995 --> 00:35:32,294
And instead of on an individual
line is across the whole candle.
663
00:35:32,475 --> 00:35:32,805
Okay.
664
00:35:32,865 --> 00:35:33,884
So mine is 15.
665
00:35:34,845 --> 00:35:39,765
Now I'm just thinking what's
the best way of doing this.
666
00:35:40,245 --> 00:35:43,995
Whether we go through them one by
one, or whether we go through them,
667
00:35:44,565 --> 00:35:48,734
um, across the board list, let's
go through them across the board.
668
00:35:48,915 --> 00:35:50,294
So what I'm going to do is.
669
00:35:51,740 --> 00:35:52,940
But this candle, right?
670
00:35:53,000 --> 00:35:54,380
Let's just look at Delta.
671
00:35:54,620 --> 00:35:57,680
So again, it's the sellers in
this column and the buyers.
672
00:35:58,160 --> 00:36:01,010
So you can pause the video
and count it up yourself.
673
00:36:01,010 --> 00:36:06,830
But what you see is that
69 guys, and that is 66.
674
00:36:07,460 --> 00:36:14,210
So what we say, 66 buying contracts versus
69 on the sell side, fairly even isn't it.
675
00:36:15,050 --> 00:36:15,770
And what's the difference.
676
00:36:15,800 --> 00:36:17,540
Minus three, fairly even guys.
677
00:36:18,050 --> 00:36:19,880
Do you see why I created this table, guys?
678
00:36:19,880 --> 00:36:22,130
I haven't got time to sit
there, adding this stuff up.
679
00:36:22,430 --> 00:36:23,420
This is beautiful.
680
00:36:23,480 --> 00:36:24,860
I don't even need to look at a candle.
681
00:36:24,860 --> 00:36:29,510
I can just look down and say, oh, on
the last ring bar buyers and sellers,
682
00:36:29,510 --> 00:36:34,250
what, even here, buyers and sellers were
slightly skewed to the negative side.
683
00:36:35,360 --> 00:36:36,620
This is the problem guys.
684
00:36:36,650 --> 00:36:37,070
What?
685
00:36:37,460 --> 00:36:40,730
Um, and I don't mean to paint
everyone with the same brush
686
00:36:40,760 --> 00:36:42,170
by in particular in retail.
687
00:36:42,980 --> 00:36:47,870
You know, people are obsessed with this
idea of, oh, it has to be minus 30.
688
00:36:48,720 --> 00:36:51,029
And then I'm going to
sell has to be minus 40.
689
00:36:51,029 --> 00:36:54,690
People are obsessed with looking
for the right number guys.
690
00:36:54,720 --> 00:36:55,620
There's no right number.
691
00:36:56,340 --> 00:36:59,549
The problem is the market
are consistently changing.
692
00:36:59,549 --> 00:37:03,180
So you need to learn to adapt right now.
693
00:37:03,270 --> 00:37:06,720
Uh, You know, there's
coronavirus coming on.
694
00:37:07,020 --> 00:37:11,580
So actually what I've noticed is these
deltas are not going to be that strong
695
00:37:12,120 --> 00:37:14,340
in terms of how negative the sellers get.
696
00:37:14,580 --> 00:37:15,570
You need to adapt to that.
697
00:37:15,840 --> 00:37:19,230
In normal times, I might see very
aggressive selling, you know, like they'll
698
00:37:19,230 --> 00:37:20,970
sort of a minus a hundred or whatever.
699
00:37:21,390 --> 00:37:22,800
Now with these, I'm not seeing it.
700
00:37:22,800 --> 00:37:26,009
So do you see, I'll have to
adjust you just learn to adapt.
701
00:37:26,080 --> 00:37:27,930
That's something we'll talk about later.
702
00:37:28,410 --> 00:37:31,770
Um, but my point is it's very
subjective and you obviously need
703
00:37:31,770 --> 00:37:34,740
to learn through screen time.
704
00:37:35,100 --> 00:37:37,110
What sort of Delta values?
705
00:37:37,470 --> 00:37:41,880
Um, over a period of three, four bars
are suggesting sellers again, trapped.
706
00:37:42,330 --> 00:37:44,220
Now what I've done to
make your life easier.
707
00:37:44,280 --> 00:37:50,910
And mine is I have put in a percentage
which kind of gets rid of the need to look
708
00:37:50,910 --> 00:37:55,560
at things on such an absolute basis, but
we'll come back to that because for now, I
709
00:37:55,560 --> 00:37:56,640
just want to show you what the alternate.
710
00:37:57,870 --> 00:37:58,980
So that's minus three, right?
711
00:37:58,980 --> 00:38:01,920
69, 66 in favor of the sellers.
712
00:38:02,430 --> 00:38:04,260
So let's look at the next one.
713
00:38:04,290 --> 00:38:06,390
This is, I'm just going to
do these really quickly.
714
00:38:06,390 --> 00:38:10,650
And again, you can pause the video,
um, and prove it to yourself.
715
00:38:10,680 --> 00:38:13,800
136 and then this is 39.
716
00:38:13,830 --> 00:38:14,070
Okay.
717
00:38:14,070 --> 00:38:19,320
So I'm just adding up this column
of buyers, sorry, and sevens.
718
00:38:19,410 --> 00:38:19,770
Okay.
719
00:38:20,940 --> 00:38:27,180
And the difference between
130 600, uh, 39 is minus 67.
720
00:38:27,390 --> 00:38:27,810
Okay.
721
00:38:28,650 --> 00:38:31,020
You could just sum these up
because it's just the Delta
722
00:38:31,020 --> 00:38:32,640
of each individual difference.
723
00:38:32,640 --> 00:38:32,940
Right.
724
00:38:33,270 --> 00:38:34,650
It's just basic stuff guys.
725
00:38:35,190 --> 00:38:39,570
And then over here, we've got
sellers and we've got buyers.
726
00:38:39,810 --> 00:38:43,350
So that is, uh, like I said up,
I'm looking at my sheet cause
727
00:38:43,350 --> 00:38:47,760
I've done this before 59 39.
728
00:38:47,880 --> 00:38:48,180
Okay.
729
00:38:48,210 --> 00:38:51,270
What's the difference between
those two in favor of the sellers?
730
00:38:52,815 --> 00:38:53,175
Right.
731
00:38:53,205 --> 00:38:54,255
That's why it's red.
732
00:38:54,615 --> 00:38:57,735
So now I'm just going to show you
one green one, just to obviously
733
00:38:57,735 --> 00:38:59,505
prove it to you on buys and sells.
734
00:39:00,135 --> 00:39:01,545
This is 3 0 7.
735
00:39:01,935 --> 00:39:02,235
Okay.
736
00:39:02,235 --> 00:39:08,115
If you add up all the buys in this column,
and then you've got 2 77 with selves.
737
00:39:09,555 --> 00:39:09,945
Okay.
738
00:39:09,975 --> 00:39:10,965
So you got 30.
739
00:39:11,205 --> 00:39:11,685
Okay guys.
740
00:39:11,685 --> 00:39:12,675
So that's why it's green.
741
00:39:12,795 --> 00:39:16,605
So I've custom designed this to give
you nice colors, fading, different
742
00:39:16,605 --> 00:39:19,875
colors, depending on the strength
of design, all of this for you.
743
00:39:20,745 --> 00:39:24,345
And for me just to make my life easier
so I can look straight away guys.
744
00:39:24,345 --> 00:39:25,755
And this is what I'm doing all the time.
745
00:39:26,445 --> 00:39:30,405
I like looking individually at
price levels, diagonally like, oh,
746
00:39:30,405 --> 00:39:32,865
there's some strong selling coming
in there, but also like to look
747
00:39:32,865 --> 00:39:35,055
at the whole candle in summation.
748
00:39:35,565 --> 00:39:38,985
So this easily tells me, oh,
in that candle, we had 67
749
00:39:38,985 --> 00:39:41,355
more contracts market orders.
750
00:39:41,925 --> 00:39:45,105
Then I'm buying market orders.
751
00:39:45,345 --> 00:39:46,835
So the sellers would definitely.
752
00:39:47,595 --> 00:39:50,475
Either you could say in control
or getting trapped, obviously
753
00:39:50,475 --> 00:39:51,825
it depends on the context.
754
00:39:52,305 --> 00:39:55,365
If you're getting short,
this is great for you.
755
00:39:55,754 --> 00:40:01,484
If you're looking to get long, this is
also great, because again, it depends.
756
00:40:01,725 --> 00:40:04,815
If you're coming into an area after
a big move, as you know, I like to
757
00:40:04,815 --> 00:40:09,495
look for, we're looking for this to
be a sign for us to buy the market.
758
00:40:09,795 --> 00:40:13,995
Whereas if we're looking to get
short, then this would be again, a
759
00:40:13,995 --> 00:40:15,525
good sign for us to sell the market.
760
00:40:15,525 --> 00:40:18,765
So again, it depends on the context,
but essentially hope you can
761
00:40:18,765 --> 00:40:20,714
see that, do that for yourself.
762
00:40:21,015 --> 00:40:24,525
Very basic stuff, guys, just
telling you the strength of buying
763
00:40:24,525 --> 00:40:26,955
buses and now Dell to change.
764
00:40:26,955 --> 00:40:33,225
I like to look at, um, I'm not really
going to get into in detail, the reasons
765
00:40:33,225 --> 00:40:38,115
why, because unless the market's moving
and I'm showing you, uh, myself using
766
00:40:38,115 --> 00:40:42,735
the footprint, uh, Probably isn't as
powerful as me doing that, but I'll
767
00:40:42,735 --> 00:40:44,865
tell you essentially what it is.
768
00:40:44,955 --> 00:40:50,565
And, um, you should be able to
like, sort of understand from what
769
00:40:50,655 --> 00:40:53,385
the, when I describe it to you,
what exactly it's telling you.
770
00:40:53,805 --> 00:40:57,045
So what we'll do though, to change
is telling you guys is the difference
771
00:40:57,045 --> 00:40:59,325
between this Delta and this Delta.
772
00:41:00,015 --> 00:41:02,115
So on this candle, would you agree?
773
00:41:02,115 --> 00:41:03,975
This box relates to this candle?
774
00:41:04,605 --> 00:41:05,985
We had minus 15.
775
00:41:06,015 --> 00:41:07,335
What was the last candle?
776
00:41:07,395 --> 00:41:08,175
Minus 15.
777
00:41:08,655 --> 00:41:09,735
What's the difference?
778
00:41:10,305 --> 00:41:10,875
Zero.
779
00:41:11,775 --> 00:41:17,235
Now on this candle we're at minus
three, previous candle was minus 15.
780
00:41:17,265 --> 00:41:18,045
What's the difference?
781
00:41:18,465 --> 00:41:19,485
Plus 12.
782
00:41:19,845 --> 00:41:20,685
What does that mean?
783
00:41:20,715 --> 00:41:24,375
The buyers came back a little bit
strongly and look at the candle.
784
00:41:24,375 --> 00:41:28,845
Guys is shown in the candle
is shown in the Delta change.
785
00:41:29,805 --> 00:41:30,705
Then what happened?
786
00:41:30,735 --> 00:41:36,525
We went from minus three guys
in this candle to minus 67.
787
00:41:36,555 --> 00:41:37,215
What was the change?
788
00:41:37,245 --> 00:41:38,265
Minus 64.
789
00:41:38,295 --> 00:41:39,105
Can you see the same?
790
00:41:40,185 --> 00:41:43,004
To control again, then what happened here?
791
00:41:43,004 --> 00:41:45,585
We went from minus 67 to minus 20.
792
00:41:45,585 --> 00:41:47,685
It was slightly less negative.
793
00:41:47,685 --> 00:41:51,734
And that's why showing me it's a
warning sign is telling me envy.
794
00:41:52,335 --> 00:41:52,665
Yep.
795
00:41:52,694 --> 00:41:57,464
You've got, um, the is strong here,
but be careful because they're less
796
00:41:57,464 --> 00:41:59,415
strong than the previous candle.
797
00:41:59,654 --> 00:42:00,615
So that's all that's telling me.
798
00:42:00,915 --> 00:42:02,055
It's just the change guys.
799
00:42:02,055 --> 00:42:03,524
And then you can see it here as well.
800
00:42:04,245 --> 00:42:08,415
Minus 20 in the last
candle went to plus 30.
801
00:42:08,415 --> 00:42:10,575
So the buyers had a resurgence.
802
00:42:11,325 --> 00:42:15,674
So it's just telling you that Delta change
go over that a few times, especially
803
00:42:16,694 --> 00:42:21,825
when you're actually using footprint or
just looking at footprint to understand
804
00:42:22,125 --> 00:42:25,665
and re like sort of convince yourself
that all it's doing is looking at the
805
00:42:25,665 --> 00:42:28,605
change between one Delta and the other.
806
00:42:29,475 --> 00:42:32,115
Now we're going to look at
max Delta during, sorry.
807
00:42:32,115 --> 00:42:36,855
I know my head covering
these, um, Label somewhat.
808
00:42:36,855 --> 00:42:38,415
So I've just gone and written.
809
00:42:38,415 --> 00:42:39,705
This hair took a pause.
810
00:42:39,705 --> 00:42:40,785
I do apologize.
811
00:42:40,785 --> 00:42:43,605
You may have heard my dog in
the background and she's not
812
00:42:43,605 --> 00:42:46,185
well at the moment and she's
constantly having to go out.
813
00:42:46,215 --> 00:42:49,095
So, um, palletize for that again?
814
00:42:49,125 --> 00:42:52,995
Uh, no, it's not very professional,
but, um, what can you do?
815
00:42:52,995 --> 00:42:57,585
You know, she's getting to the end of
life there, but, um, back to the topic
816
00:42:57,585 --> 00:43:02,025
at hand, um, the positive side was
when I posed it, I realized my head
817
00:43:02,025 --> 00:43:03,435
was covering some of these labels.
818
00:43:03,435 --> 00:43:07,395
So look, I've put them in here guys,
but bottom line is we've covered.
819
00:43:07,395 --> 00:43:09,315
Delta should make sense to you now.
820
00:43:09,795 --> 00:43:13,725
Um, it's just the strength of buyers
or sellers on the whole candle as
821
00:43:13,725 --> 00:43:18,585
a whole Delta changes, just looking
at the, uh, current candle versus
822
00:43:18,585 --> 00:43:22,515
the previous candle in terms of
the change in its candle, Delta.
823
00:43:23,415 --> 00:43:26,955
And then what we've got is we've got
this thing called max Delta guys.
824
00:43:26,955 --> 00:43:31,065
I know this might seem a bit overwhelming
to you, but believe me, when you it's
825
00:43:31,065 --> 00:43:34,605
like with driving or whatever, first read
I come on, I'm never going to get this.
826
00:43:34,605 --> 00:43:36,855
There's like a million things I
need to look at the same time.
827
00:43:36,855 --> 00:43:37,125
Guys.
828
00:43:37,125 --> 00:43:37,665
Trust me.
829
00:43:38,145 --> 00:43:42,615
Once you looked at it a few times, you're
going to realize just how easy it is at
830
00:43:42,615 --> 00:43:47,715
one glance to look at this versus staring
at depth of market, as I showed you in
831
00:43:47,715 --> 00:43:51,105
the foundation course, and you can see
why I've moved away from that because
832
00:43:51,105 --> 00:43:56,805
I've developed, um, you know, unique
ways in my opinion of looking at things.
833
00:43:57,315 --> 00:43:59,235
Um, and that's what trading is all about.
834
00:43:59,295 --> 00:44:05,445
It's about developing things,
um, that allow you to observe and
835
00:44:05,445 --> 00:44:10,725
understand and structure, market
opportunities in the most efficient way.
836
00:44:10,725 --> 00:44:11,955
And that's all this is doing.
837
00:44:13,020 --> 00:44:15,120
Um, without distorting,
what is in front of you?
838
00:44:15,629 --> 00:44:21,180
So with the max Delta, anyway, back to the
point at hand, again, maxed out at all,
839
00:44:21,180 --> 00:44:26,460
this is doing guys, um, when the footprint
is moving, maybe we can, um, look at
840
00:44:26,460 --> 00:44:28,919
this again, but it's not complicated.
841
00:44:28,980 --> 00:44:34,140
All it's doing is if you think about
it, when a candle forms, right?
842
00:44:34,140 --> 00:44:35,580
So just bear with me.
843
00:44:35,640 --> 00:44:40,259
Let's look at this blank space here
on this side of the blank space.
844
00:44:40,589 --> 00:44:41,850
So let's say a candle forms.
845
00:44:41,850 --> 00:44:42,629
Would you agree?
846
00:44:42,689 --> 00:44:49,319
At first there's only one line and
it could be like, um, zero here
847
00:44:49,319 --> 00:44:50,669
and it could be five market orders.
848
00:44:51,509 --> 00:44:53,549
Would you agree that that
would raise plus five, right?
849
00:44:53,580 --> 00:45:00,390
Just five minus zero then, um, what
happens is another, so, you know, just how
850
00:45:00,390 --> 00:45:06,150
these kinds of two, two prices it print,
then it starts to become five, zero again.
851
00:45:06,450 --> 00:45:10,049
Can you see plus five and
I'm Cumulus cumulating now.
852
00:45:10,799 --> 00:45:13,140
So it's plus five and five becomes 10.
853
00:45:14,640 --> 00:45:17,609
Then we carry on zero
and it's another five.
854
00:45:17,609 --> 00:45:19,920
So it becomes plus 15.
855
00:45:21,150 --> 00:45:21,600
Okay.
856
00:45:22,109 --> 00:45:30,210
Then you might have, um, suddenly
20 sellers come in and no buyers.
857
00:45:30,990 --> 00:45:34,560
So would you agree minus 20,
but we've already got plus 15.
858
00:45:34,920 --> 00:45:38,100
So if you add those who becomes plus
five, what this is, this is just
859
00:45:38,100 --> 00:45:39,839
your Delta, isn't it of the whole.
860
00:45:41,100 --> 00:45:43,500
But instead of looking at an
individual price level, you're
861
00:45:43,589 --> 00:45:46,620
adding it as the candles forming.
862
00:45:46,650 --> 00:45:52,170
What's the latest, this Delta
as the candle is forming.
863
00:45:52,380 --> 00:45:54,120
So we said this was the first price.
864
00:45:54,120 --> 00:45:58,200
It was plus five, then another
five plus 10, another five plus 15.
865
00:45:58,500 --> 00:46:02,910
So at the moment, what you'll see
in this here is you'll see, 15,
866
00:46:03,240 --> 00:46:05,610
then it will go minus 20, so five.
867
00:46:05,610 --> 00:46:12,750
So you'll see five in the Delta, how,
how it relates to, um, max Delta.
868
00:46:13,890 --> 00:46:18,750
And in fact, that's just
so I can prove the point.
869
00:46:18,839 --> 00:46:21,540
Let's do another 15 on
the sell side, right?
870
00:46:21,990 --> 00:46:24,210
So what's a five minus 15.
871
00:46:24,210 --> 00:46:24,560
Would you agree?
872
00:46:28,590 --> 00:46:35,670
So all this is saying is what was the
maximum Delta any point in that candle?
873
00:46:36,029 --> 00:46:39,720
Well, we just to make it simple, we
said the price started here and it just
874
00:46:39,720 --> 00:46:45,960
went up one up one up one up on what's
the maximum Della there is plus 15.
875
00:46:46,320 --> 00:46:48,420
So that's all that's
telling me each candle.
876
00:46:48,630 --> 00:46:50,340
What was the highest point?
877
00:46:51,330 --> 00:46:58,080
The positive Delta reached then minimum
Delta or the lowest point guys, minus
878
00:46:58,080 --> 00:47:02,190
10, because what may happen most
likely in the next candle is this
879
00:47:02,190 --> 00:47:06,540
could go 10 buyers and zero sellers,
which is plus 10 in their favor.
880
00:47:06,810 --> 00:47:08,790
What's minus 10 plus 10 zero.
881
00:47:09,330 --> 00:47:12,810
Then we might get 5, 0 5.
882
00:47:13,830 --> 00:47:18,390
So five versus zero is plus
five, five plus zero is five,
883
00:47:18,390 --> 00:47:19,330
and then we might get another.
884
00:47:20,685 --> 00:47:21,165
Zero.
885
00:47:21,225 --> 00:47:23,325
I'm obviously making all
these numbers up, but that's
886
00:47:23,325 --> 00:47:24,585
essentially what's going on here.
887
00:47:24,585 --> 00:47:24,945
Isn't it.
888
00:47:25,455 --> 00:47:26,265
And you get what?
889
00:47:26,505 --> 00:47:28,125
Plus five plus five is what?
890
00:47:28,125 --> 00:47:31,815
10 plus 10 plus five plus zero.
891
00:47:32,895 --> 00:47:39,285
So where's the maximum point this ever
reached before the next candle started.
892
00:47:39,285 --> 00:47:40,365
So this is a new candle.
893
00:47:40,995 --> 00:47:41,715
Well, where was it?
894
00:47:41,715 --> 00:47:42,315
We look for it.
895
00:47:42,405 --> 00:47:43,785
Oh, it was plus 15.
896
00:47:44,355 --> 00:47:48,675
So this would say the equivalent for
where was the, what was the most amount
897
00:47:48,675 --> 00:47:55,035
of Delta in the buyer's favor that was
ever produced in this whole candle?
898
00:47:55,125 --> 00:47:56,055
As it was for me?
899
00:47:56,655 --> 00:47:58,395
Well, it was 32.
900
00:47:59,475 --> 00:48:02,205
What was the lowest it ever
went to like here with minus
901
00:48:02,205 --> 00:48:04,395
10 where it's minus 14 guys.
902
00:48:04,405 --> 00:48:08,085
This is, I can't tell you how
crucial this information is, because
903
00:48:08,085 --> 00:48:11,535
if you think, and look, I don't
expect you to get it off one little.
904
00:48:12,810 --> 00:48:17,009
You know, 10 minutes section where I'm
specifically explaining this, I get it.
905
00:48:17,220 --> 00:48:19,620
It's going to take time for you to
understand what I'm talking about.
906
00:48:20,339 --> 00:48:23,009
Come back to this, keep
coming back to this.
907
00:48:23,609 --> 00:48:26,819
Um, whilst you're watching a footprint
or you're trying to understand the
908
00:48:26,819 --> 00:48:31,560
footprint, because what you will start
to understand is this is incredibly
909
00:48:31,560 --> 00:48:37,890
important information in the sense of,
if you think about it, if a candle hardly
910
00:48:37,980 --> 00:48:46,589
ever had any positive cumulative Delta
at any point in terms of the buyers and
911
00:48:46,620 --> 00:48:51,299
all it had was very, very negative Delta,
can you see there were hardly any buyers.
912
00:48:51,419 --> 00:48:52,379
That's what it's telling me.
913
00:48:52,950 --> 00:48:57,359
So what I look for is I love to see
if I'm looking for sellers, getting
914
00:48:57,359 --> 00:49:03,209
trapped a huge negative Delta with
very little positive Delta, because
915
00:49:03,209 --> 00:49:04,379
what the, what does that tell me?
916
00:49:04,379 --> 00:49:07,319
It means that there was hardly any.
917
00:49:08,490 --> 00:49:12,180
Before the selling came in and look
at it, guys, can you see the buyers?
918
00:49:13,770 --> 00:49:17,970
Where is there any positive Delta here
in this corner there isn't and that's
919
00:49:17,970 --> 00:49:23,850
reflected in the fact that positive
Delta in the whole formation of this
920
00:49:23,850 --> 00:49:30,000
candle barely got above three, one
point whilst this candle was forming.
921
00:49:30,900 --> 00:49:36,180
Um, here, it got to plus three, probably
right at the start, when it just opened.
922
00:49:37,064 --> 00:49:40,515
Maybe three people bought and no
one's and then suddenly it just went
923
00:49:40,935 --> 00:49:44,625
collapsed because they could see
here that all sellers at every price
924
00:49:44,625 --> 00:49:46,424
level and that's reflected here.
925
00:49:46,424 --> 00:49:48,884
So I love looking at this versus this.
926
00:49:49,845 --> 00:49:53,444
Similarly, if we're going up and
I'm going to pick up buyers to get
927
00:49:53,444 --> 00:49:57,674
trapped, I like the max Delta to be
extremely aggressive and the minimum
928
00:49:57,884 --> 00:50:02,805
we're to be virtually zero, because
that tells me that sellers barely
929
00:50:02,834 --> 00:50:06,104
imbalanced the buyers at any price level.
930
00:50:06,104 --> 00:50:06,375
Right.
931
00:50:06,645 --> 00:50:07,544
Because think about it.
932
00:50:07,544 --> 00:50:12,705
If they did then at some stage during
the formation of that candle, um,
933
00:50:13,035 --> 00:50:16,935
the sellers would have got some
negative Delta in, but they didn't.
934
00:50:17,415 --> 00:50:17,895
Okay guys.
935
00:50:17,895 --> 00:50:19,305
So hopefully that makes sense.
936
00:50:19,365 --> 00:50:20,924
Obviously you need practice to read.
937
00:50:21,660 --> 00:50:25,500
Um, solidify that understanding of
that, but I'm going to assume that
938
00:50:26,549 --> 00:50:29,790
this, at least you can keep rewinding
whilst you're watching a footprint
939
00:50:29,790 --> 00:50:33,330
to really understand what that means,
but just remember, it's just, and
940
00:50:33,330 --> 00:50:35,910
we'll watch these numbers changing.
941
00:50:36,000 --> 00:50:40,140
As you're watching a footprint
go up and down to really get
942
00:50:40,140 --> 00:50:41,279
yourself to understand this.
943
00:50:41,310 --> 00:50:42,930
I'm not necessarily going to do that.
944
00:50:43,410 --> 00:50:46,680
Um, I'm going to do it while showing
you examples, but I'm not going to do
945
00:50:46,680 --> 00:50:50,310
it as part of this exercise, because
I think it's easier for me to show you
946
00:50:50,520 --> 00:50:55,319
when it's static, but for something
like max and min Delta, just watch it
947
00:50:56,490 --> 00:51:00,779
as it's forming, you'll see, throughout
the formation of the bar, the highest
948
00:51:00,779 --> 00:51:05,129
or the lowest Delta it was ever
able to achieve throughout the bar.
949
00:51:05,160 --> 00:51:08,940
Cause think about it as
this ball is changing.
950
00:51:09,060 --> 00:51:10,420
This Delta number is.
951
00:51:11,370 --> 00:51:17,880
At all times, he only settles when the bar
closes right, then it moves on, but this
952
00:51:17,880 --> 00:51:21,180
number's always changing because buyers
and sellers are constantly battling here.
953
00:51:21,540 --> 00:51:25,680
So this just kind of tells you the
limits that the sellers were able to
954
00:51:25,680 --> 00:51:27,030
reach and the buyers are able to reach.
955
00:51:27,330 --> 00:51:31,500
So obviously if the limit that the buyers
were able to reach, it was very small.
956
00:51:32,310 --> 00:51:36,510
As we see here and the limit, the sellers
were able to reach was very large.
957
00:51:36,960 --> 00:51:38,970
Then of course we know it
was aggressive selling.
958
00:51:39,510 --> 00:51:42,720
Now, finally, guys, my
favorite is Delta percentage.
959
00:51:43,380 --> 00:51:50,880
Um, so what this does, and again, this
is gonna seem a little bit complicated
960
00:51:50,880 --> 00:51:56,715
at first, but again, once you've
looked at it a few times, Look guys at
961
00:51:56,715 --> 00:51:59,745
the end of the day, once you get it,
you won't need to be calculating any
962
00:51:59,745 --> 00:52:01,335
of this stuff whilst you're trading.
963
00:52:01,395 --> 00:52:03,525
I mean, this is why I put the table
together because you don't want to
964
00:52:03,525 --> 00:52:05,595
be doing this stuff whilst you're
in the middle of busy trades.
965
00:52:06,615 --> 00:52:11,835
What this is telling me is just
another measure in relative terms
966
00:52:11,835 --> 00:52:15,525
now, without looking at absolute
numbers or who's in control sellers
967
00:52:15,525 --> 00:52:17,985
or buyers, how is it calculated?
968
00:52:18,045 --> 00:52:19,155
Don't take my word for it.
969
00:52:19,215 --> 00:52:23,625
I like to look for about 25% in
one party's favor or another,
970
00:52:23,655 --> 00:52:25,335
depending on context, as I said.
971
00:52:25,905 --> 00:52:28,335
Um, but don't take my word for it.
972
00:52:28,515 --> 00:52:29,655
Let's break it down guys.
973
00:52:29,685 --> 00:52:32,745
I'm going to show you
exactly how you get to 26.32.
974
00:52:33,495 --> 00:52:37,005
Um, I've already calculated it and
I'm going to give you the numbers, but
975
00:52:37,005 --> 00:52:41,355
I want you to go away and just, um,
basically make sure that you do this
976
00:52:41,355 --> 00:52:44,955
calculation on a calculator or Excel
spreadsheet or whatever yourself.
977
00:52:45,345 --> 00:52:51,225
So what all this is looking
at as a percentage is.
978
00:52:52,110 --> 00:52:54,360
Who was stronger in terms
of buying and selling.
979
00:52:54,360 --> 00:52:55,290
So what do I mean by that?
980
00:52:56,010 --> 00:52:59,850
Well, what was the total number of
contracts traded in this candle?
981
00:53:00,210 --> 00:53:02,670
It was what, 36 plus 21, right?
982
00:53:02,730 --> 00:53:04,920
57.
983
00:53:05,520 --> 00:53:07,230
Let me just make this bit thicker.
984
00:53:09,720 --> 00:53:19,980
So 57, sorry about this 57
contracts traded right in total.
985
00:53:20,880 --> 00:53:26,370
So in basic percentage terms,
how many of those 57 were salads?
986
00:53:26,670 --> 00:53:29,490
36 over 57, right?
987
00:53:29,490 --> 00:53:36,270
So that is 63 point, uh, 2%
can do this on a calculator.
988
00:53:36,270 --> 00:53:38,310
You know, there's no point in
me wasting time doing this here.
989
00:53:38,940 --> 00:53:40,800
What percentage were buyers guys?
990
00:53:40,830 --> 00:53:44,850
21 over 57 is 36.8.
991
00:53:48,900 --> 00:53:53,160
So approximately 37%,
what buyers can you see?
992
00:53:53,160 --> 00:53:54,600
63%.
993
00:53:54,930 --> 00:53:57,990
All I'm doing is I'm taking the
difference between those two guys.
994
00:53:58,710 --> 00:54:03,150
Now, the difference between those
two is 26.32 in favor of the sellers.
995
00:54:03,180 --> 00:54:04,140
That's why it's rent.
996
00:54:05,490 --> 00:54:05,850
Okay.
997
00:54:06,630 --> 00:54:08,040
So do it yourself on a calculator.
998
00:54:08,070 --> 00:54:10,680
You see the difference is actually 26.32.
999
00:54:10,680 --> 00:54:13,620
When you do that calculation, I'm
quickly going to do this here.
1000
00:54:13,620 --> 00:54:18,630
So we've got a hundred and thirty
five sixty nine over 35 is 51
1001
00:54:18,630 --> 00:54:22,740
50 1%, and then you've got 49%.
1002
00:54:23,850 --> 00:54:25,470
So can you see it's approximately 2%.
1003
00:54:25,470 --> 00:54:26,700
It's actually 2.2 in favor.
1004
00:54:27,884 --> 00:54:29,505
The cell is 51%.
1005
00:54:29,565 --> 00:54:34,275
So that was a fairly even, but can
you see, it's telling me it's even
1006
00:54:34,275 --> 00:54:37,515
that Delta was fairly even that
though to change wasn't that great.
1007
00:54:37,995 --> 00:54:42,165
And the maximum Mindell, uh,
um, doesn't really tell me much.
1008
00:54:42,225 --> 00:54:45,615
I mean, the sellers were able to get
to maximum minus 13, which isn't really
1009
00:54:45,615 --> 00:54:50,775
much the buyers were able to get to a
maximum dealt in the whole bar of plus 22.
1010
00:54:50,775 --> 00:54:53,505
So I know that bar is
a fairly neutral bar.
1011
00:54:54,765 --> 00:54:56,265
Four or five indicators.
1012
00:54:57,195 --> 00:54:59,595
And I don't mean indicators
like retail indicators.
1013
00:54:59,595 --> 00:55:04,545
I mean, indications are telling
me that the whole bar was neutral.
1014
00:55:04,845 --> 00:55:06,195
This is why I love this chart.
1015
00:55:06,255 --> 00:55:11,385
Uh, this, this bar, sorry, this box,
because it's kind of like, I can feed off
1016
00:55:11,415 --> 00:55:16,395
each little element and when everything
lines up, I just know cell as a trapped,
1017
00:55:16,845 --> 00:55:18,255
it's not always going to be the case.
1018
00:55:18,255 --> 00:55:19,935
And it hasn't been a little bit harder.
1019
00:55:20,445 --> 00:55:25,335
Um, when the markets have obviously been,
you know, in volatile periods because,
1020
00:55:25,845 --> 00:55:28,095
um, hedge funds will pull the algorithms.
1021
00:55:28,095 --> 00:55:31,575
There won't be so much volume, so
it can be more difficult to read.
1022
00:55:31,575 --> 00:55:37,065
But, um, that's about as, you know,
things like coronavirus or the 2008
1023
00:55:37,065 --> 00:55:39,585
crash, they happened so rarely fine.
1024
00:55:39,615 --> 00:55:44,325
You just understand when and how
to actually read it in those times.
1025
00:55:44,325 --> 00:55:46,785
I, you take your foot off the
gas, but when times are normal,
1026
00:55:47,115 --> 00:55:48,525
this stuff's great because.
1027
00:55:49,770 --> 00:55:51,720
There's a lot of volume in the market.
1028
00:55:51,720 --> 00:55:56,370
So, um, you know, things like this,
where you've got volume analysis,
1029
00:55:56,370 --> 00:55:57,840
it's really, really powerful.
1030
00:55:58,170 --> 00:56:06,360
So anyway, so we've got 145 here, 106
over 145 is just approximately 73.1%.
1031
00:56:06,390 --> 00:56:11,610
So sellers made up 73.1% of the
total contracts traded in this bar.
1032
00:56:12,240 --> 00:56:13,020
You can see it here.
1033
00:56:13,020 --> 00:56:20,310
Anyway, buyers were obviously a
lot smaller, so that was 26.9%.
1034
00:56:20,700 --> 00:56:25,770
So look guys, the difference between that
is 46 heavily in favor of the sellers.
1035
00:56:26,520 --> 00:56:26,880
Do you remember?
1036
00:56:26,880 --> 00:56:29,069
We said, what was the max Delta peanuts?
1037
00:56:29,400 --> 00:56:33,299
We already went over this Mindell
of a strong, um, and that, that was
1038
00:56:33,299 --> 00:56:38,490
fairly strong, um, given the recent
environment and that's minus 64 guys,
1039
00:56:38,640 --> 00:56:40,770
big sellers coming in, getting trapped.
1040
00:56:41,130 --> 00:56:43,560
Was it any surprise
when we went back above.
1041
00:56:44,700 --> 00:56:45,540
This area.
1042
00:56:45,960 --> 00:56:49,740
And you can see in particular where
those sellers were getting trapped.
1043
00:56:51,000 --> 00:56:54,690
Once we got above this area,
guys, the sellers started failing
1044
00:56:55,080 --> 00:56:56,190
and the market just shot up.
1045
00:56:56,850 --> 00:57:02,820
We'll get onto this, what I'm looking
for, um, in terms of, you know, these
1046
00:57:02,820 --> 00:57:07,710
types of reversing actions, but you've
already given you hints of that here.
1047
00:57:08,040 --> 00:57:10,860
What, I'm, what I'm looking
at, basically in this table.
1048
00:57:11,220 --> 00:57:14,550
So again, 59 plus 39 is 98.
1049
00:57:15,240 --> 00:57:16,520
Um, I'm not going to do this here.
1050
00:57:16,560 --> 00:57:21,930
59 over 98 is about 60.2
and then 39 over 98, 39.
1051
00:57:21,930 --> 00:57:26,940
So that's, um, 20% in
favor of the, uh, selling.
1052
00:57:26,970 --> 00:57:28,110
I'm just gonna do one more.
1053
00:57:28,380 --> 00:57:30,420
So you can see in terms
of the buyers, right?
1054
00:57:30,420 --> 00:57:30,540
So.
1055
00:57:31,379 --> 00:57:31,649
Three.
1056
00:57:31,649 --> 00:57:34,740
Oh seven one plus 2 77 is 5 84.
1057
00:57:35,850 --> 00:57:36,209
Okay.
1058
00:57:36,270 --> 00:57:38,790
So of that 5 84, how many were buyers?
1059
00:57:38,850 --> 00:57:42,060
50, only 52.5%.
1060
00:57:42,209 --> 00:57:46,259
Uh, it's actually 52.6 and 47.4.
1061
00:57:46,259 --> 00:57:50,459
So fairly easy differences.
1062
00:57:51,569 --> 00:57:54,000
5.4 in favor of the buyers.
1063
00:57:54,419 --> 00:57:54,930
All right, guys.
1064
00:57:54,930 --> 00:58:01,290
So you can see some very, very
powerful, um, indication of who's
1065
00:58:01,290 --> 00:58:02,850
in charge buyers or sellers.
1066
00:58:03,270 --> 00:58:09,750
Now look here 52% heavily
of all the contracts traded.
1067
00:58:09,750 --> 00:58:11,100
Mainly it was buying.
1068
00:58:11,129 --> 00:58:14,640
You can see that here in individual
doubters, but this is where you got
1069
00:58:14,640 --> 00:58:17,879
to be careful, because like I said,
it doesn't take into account the
1070
00:58:17,879 --> 00:58:19,379
absolute number of contracts traded.
1071
00:58:19,379 --> 00:58:23,009
So here you still willing
good getting excited thinking.
1072
00:58:23,040 --> 00:58:23,959
Oh, there's a lot of buy-in.
1073
00:58:23,959 --> 00:58:25,160
There's a lot of buy in 52%.
1074
00:58:26,055 --> 00:58:30,165
You've got combine that with
a bit of logic in terms of how
1075
00:58:30,165 --> 00:58:32,955
many buyers ate for peanuts.
1076
00:58:32,955 --> 00:58:37,245
So really it's meaningless and we'll get
onto this when we're using the footprint.
1077
00:58:37,605 --> 00:58:42,105
Um, ideally I like to see at least
a hundred contracts printing on
1078
00:58:42,105 --> 00:58:45,765
the selling or buying side, if I'm
looking for aggression from either
1079
00:58:45,795 --> 00:58:48,855
individually, because that tells
me big players are in the market.
1080
00:58:49,395 --> 00:58:54,645
Um, again, like I said, at this moment in
time, um, we're in the middle of obviously
1081
00:58:54,645 --> 00:58:58,635
coronavirus and there aren't that many
big buyers and sellers, but you know, you
1082
00:58:58,635 --> 00:59:02,325
could be watching this video much further
down the line in a year, two, three years,
1083
00:59:02,325 --> 00:59:06,135
all this stuff's going to be very valid
and, uh, more than likely, you know, this
1084
00:59:06,135 --> 00:59:07,485
module, we're still going to be in there.
1085
00:59:07,485 --> 00:59:11,535
And if that's the case, um, you're
going to see much bigger size.
1086
00:59:11,775 --> 00:59:14,805
So what are typically all of
this is going to be relevant.
1087
00:59:14,865 --> 00:59:16,545
Everything's going to be
calculated in the same way.
1088
00:59:16,545 --> 00:59:19,095
So I'm going to make any
difference, except for the fact
1089
00:59:19,095 --> 00:59:22,065
that you're going to see all the
big players participating again.
1090
00:59:22,515 --> 00:59:24,525
And I'm looking for about
a hundred contracts plus.
1091
00:59:25,200 --> 00:59:27,540
Um, but again, not very
seasonally as well.
1092
00:59:27,570 --> 00:59:28,980
It's not only because of Corona virus.
1093
00:59:28,980 --> 00:59:30,000
It could be summer period.
1094
00:59:30,330 --> 00:59:31,170
It's more quiet.
1095
00:59:31,440 --> 00:59:35,520
Obviously after September, everyone comes
back from holiday, it gets very busy.
1096
00:59:35,520 --> 00:59:39,840
So guys, you've got to use your
judgment a little bit, but hopefully
1097
00:59:39,840 --> 00:59:44,280
this is all going to help you so hope
that helps you understand we've gone
1098
00:59:44,280 --> 00:59:48,090
through doubt that that will change
MaxxTow or Mindell a percentage
1099
00:59:48,360 --> 00:59:49,860
I'm going to provide this to you.
1100
00:59:50,070 --> 00:59:52,110
Um, play with it guys.
1101
00:59:52,410 --> 00:59:58,350
Um, what we're going to do now is,
um, when I get an opportunity is I'm
1102
00:59:58,350 --> 01:00:01,770
going to put together some videos,
obviously, of some examples and stuff.
1103
01:00:02,100 --> 01:00:06,090
Um, but yeah, I just want you
to be practicing, um, but not
1104
01:00:06,090 --> 01:00:07,800
taking it too obsessively.
1105
01:00:07,800 --> 01:00:10,290
I don't want you necessarily to
be trading of this stuff yet.
1106
01:00:10,740 --> 01:00:12,870
Cause we've still got to
cover all the context.
1107
01:00:13,110 --> 01:00:13,740
I only put this.
1108
01:00:14,640 --> 01:00:19,440
At the start of the pro course,
because, um, like I said, I'm posting
1109
01:00:19,440 --> 01:00:22,260
a lot of stuff on social media about
it, and I think it's only fair that
1110
01:00:22,260 --> 01:00:24,690
people get a chance to play around
with it and see what I'm doing.
1111
01:00:25,350 --> 01:00:28,500
Um, but ultimately you guys,
this is a very small part of the
1112
01:00:28,500 --> 01:00:30,150
equation, the trading equation.
1113
01:00:30,570 --> 01:00:34,350
And in fact, it's very, very,
um, almost a tertiary element.
1114
01:00:34,500 --> 01:00:36,360
There's much more important
elements, which we're now
1115
01:00:36,360 --> 01:00:38,490
going to cover in the protocol.
1116
01:00:38,490 --> 01:00:41,160
So my preference is that you would
do those first, but it's fine.
1117
01:00:41,190 --> 01:00:41,700
No big deal.
1118
01:00:41,700 --> 01:00:46,545
As long as you're not trading live money
on this, um, Just mess about with it.
1119
01:00:47,235 --> 01:00:48,555
If you've got any questions, let me know.
1120
01:00:48,555 --> 01:00:52,065
I'll try and put as many examples as
I can when as, and when I get some
1121
01:00:52,065 --> 01:00:56,415
time, um, obviously of me just using
this and type of things I look for.
1122
01:00:56,895 --> 01:00:57,885
Um, all right guys.
1123
01:00:58,275 --> 01:00:58,785
Thanks.
1124
01:00:59,295 --> 01:01:02,595
All right, traders, I'm sure you're
sick of the sound of my voice, but,
1125
01:01:02,685 --> 01:01:06,075
uh, you'd be glad to know that I do
go back and review everything that
1126
01:01:06,075 --> 01:01:10,125
I'm putting out, just to make sure
that the information is thorough.
1127
01:01:10,515 --> 01:01:15,825
And I had no air started made
an ever so slight, um, era here.
1128
01:01:16,035 --> 01:01:21,315
So obviously I was rushing and,
um, uh, put a plus sign instead
1129
01:01:21,315 --> 01:01:22,785
of a minus sign by mistake.
1130
01:01:22,785 --> 01:01:28,425
So obviously here where you had the
doubter cumulating, um, as in adding
1131
01:01:28,425 --> 01:01:34,365
up, so five plus five is 10 plus five
is 15, obviously minus 20 contracts will
1132
01:01:34,365 --> 01:01:38,595
take you to minus five, but what I would
suggest it really makes no difference.
1133
01:01:38,595 --> 01:01:39,975
The principle is exactly the same.
1134
01:01:39,975 --> 01:01:43,890
It wouldn't have made any difference
in the example, But I can be
1135
01:01:43,890 --> 01:01:48,480
a little bit obsessive when it
comes to these, um, minor things.
1136
01:01:48,780 --> 01:01:52,650
So what I would suggest is
that when you come to review
1137
01:01:52,650 --> 01:01:55,800
this, just treat that as 10.
1138
01:01:55,920 --> 01:02:03,000
Okay guys, um, I tend to be quite
pedantic about these things on little bit
1139
01:02:03,000 --> 01:02:06,630
annoyed that I made that little arrow,
but look, I was rushing through anyways,
1140
01:02:06,630 --> 01:02:09,030
find out happens really no bigger deal.
1141
01:02:09,390 --> 01:02:13,650
Um, so if you treat that as a 10,
it's going to be exactly the same when
1142
01:02:13,650 --> 01:02:15,390
you come back to review this example.
1143
01:02:15,390 --> 01:02:20,220
So if the candle opened here five
on the Delta, all of these are
1144
01:02:20,220 --> 01:02:21,900
essentially this number changing.
1145
01:02:21,900 --> 01:02:22,410
Don't forget.
1146
01:02:22,410 --> 01:02:29,070
So five plus five is 10 plus
five is 15 and then 10 contracts
1147
01:02:29,070 --> 01:02:32,250
sold 15 minus 10 is plus five.
1148
01:02:32,640 --> 01:02:35,670
Um, like I said, I got to sign the
wrong way in the previous example.
1149
01:02:35,670 --> 01:02:39,210
So when I went to do the rest of
it, threw me off a bit, but anyway,
1150
01:02:39,300 --> 01:02:40,440
like I said, same principle.
1151
01:02:41,355 --> 01:02:42,825
10 sellers came in now.
1152
01:02:42,855 --> 01:02:47,805
So you had plus five, then 15
sellers came in and you had minus 10.
1153
01:02:47,955 --> 01:02:49,575
So you see these they're all correct.
1154
01:02:49,575 --> 01:02:53,535
Then if you just adjust that
to 10 and then a minus 10 plus
1155
01:02:53,535 --> 01:02:57,705
10 is zero plus five, right?
1156
01:02:57,765 --> 01:02:58,725
Plus 10.
1157
01:02:59,115 --> 01:03:02,475
And again, so what would basically
be happening is you'll see this
1158
01:03:02,595 --> 01:03:06,825
number, changing it, go from
five to 10, there'll be 15.
1159
01:03:06,825 --> 01:03:08,445
Then it'd be plus five.
1160
01:03:08,445 --> 01:03:12,645
Then it'd be minus 10 and plus
zero, assuming in a perfect world
1161
01:03:12,645 --> 01:03:15,315
where the candle is going up,
obviously that isn't happening, but
1162
01:03:16,035 --> 01:03:17,325
it's just to show you the point.
1163
01:03:17,325 --> 01:03:18,555
And then it's the same thing.
1164
01:03:19,545 --> 01:03:21,645
What's the maximum dollar across here.
1165
01:03:21,675 --> 01:03:24,435
What it's plus 15, what's
the minimum minus 10.
1166
01:03:24,435 --> 01:03:27,855
So that's what you see in the maximum,
or I go so apologies for that ever.
1167
01:03:27,855 --> 01:03:32,025
So slight typo that I'd made
there, which then threw me off
1168
01:03:32,025 --> 01:03:33,105
when I did the rest of them.
1169
01:03:33,105 --> 01:03:35,715
But, um, that's an easy fix for you.
1170
01:03:35,715 --> 01:03:36,525
Just put the tenant.
1171
01:03:36,825 --> 01:03:37,335
All right guys.
1172
01:03:37,335 --> 01:03:37,865
Thanks a lot.
102157
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