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These are the user uploaded subtitles that are being translated: 1 00:00:00,660 --> 00:00:03,540 Okay, traders, great job making it this far. 2 00:00:03,810 --> 00:00:07,500 I know it's been a lot of information to take in, but I hope you can see why 3 00:00:07,500 --> 00:00:14,400 it was absolutely necessary and, um, important to cover everything in depth. 4 00:00:14,400 --> 00:00:18,390 Because if I just give you a footprint end of the day, you're not going to 5 00:00:18,390 --> 00:00:21,630 really know what it is or why we're using different candle types or what the 6 00:00:21,630 --> 00:00:26,820 advantages or disadvantages are, um, which are going to be detrimental to your use 7 00:00:26,820 --> 00:00:32,430 of it and the effectiveness of your use of it when you're actually using it to trade. 8 00:00:32,430 --> 00:00:37,230 So, um, again, well done for making it this far this bit should 9 00:00:37,230 --> 00:00:40,920 hopefully be a little bit easier because it's just looking at 10 00:00:40,920 --> 00:00:43,380 basic supply and demand methods. 11 00:00:43,650 --> 00:00:44,820 So what do I mean by that? 12 00:00:46,050 --> 00:00:49,470 What I want to do is get into the meat of the footprint. 13 00:00:49,470 --> 00:00:54,300 So, um, the sort of metrics that institutional traders are using it 14 00:00:54,300 --> 00:00:58,019 for up until now, we've obviously had to look at the background of 15 00:00:58,019 --> 00:00:59,670 it, some of the more boring stuff. 16 00:01:00,210 --> 00:01:04,769 Um, just so we knew, um, what was actually going on now, we know what's going on. 17 00:01:04,769 --> 00:01:08,220 We can actually start to understand how can we use this? 18 00:01:08,490 --> 00:01:13,770 So the first thing is Delta guys absolutely fundamental to any type 19 00:01:13,770 --> 00:01:17,280 of volume analysis, whether it be on the footprint or whether you're using 20 00:01:17,280 --> 00:01:20,460 cumulative Delta or two, we're going to come onto later in the charts. 21 00:01:21,300 --> 00:01:30,120 Delta is essentially at the core of all types of, um, volume strength analysis. 22 00:01:30,509 --> 00:01:31,860 So what do I mean by that? 23 00:01:31,860 --> 00:01:35,610 Well, probably easier if I just get rid of this and I said, I didn't 24 00:01:35,610 --> 00:01:40,650 want to bring the depth of market in literally, it's going to be, you know, 25 00:01:40,680 --> 00:01:44,130 just a few minutes, just so I can, it's easier for me to show you this point. 26 00:01:44,130 --> 00:01:44,190 Yeah. 27 00:01:45,555 --> 00:01:48,915 There is a slight complication without a buck in trading. 28 00:01:48,915 --> 00:01:49,605 Where is they? 29 00:01:49,605 --> 00:01:51,525 No complication guys. 30 00:01:51,525 --> 00:01:53,115 There's no right or wrong answer. 31 00:01:53,205 --> 00:01:58,485 And unfortunately, and you know, let's be honest, this is what makes real 32 00:01:58,485 --> 00:02:03,645 trading, um, difficult trading, how you're supposed to be trading and why, 33 00:02:04,515 --> 00:02:11,204 um, retail trading, retail education, uh, retail brokers have been able to 34 00:02:11,204 --> 00:02:13,485 take advantage because it is hard work. 35 00:02:13,905 --> 00:02:17,745 You do have a set of options presented to you and you do have 36 00:02:17,745 --> 00:02:19,365 to make a discretionary choice. 37 00:02:20,025 --> 00:02:25,125 And that requires some, um, obviously out of the box thinking, whereas, you 38 00:02:25,125 --> 00:02:30,555 know, obviously, um, a lot of what you may have been taught, um, and forgive 39 00:02:30,555 --> 00:02:33,045 me if that's not the case with you, you know, I don't want to say it's 40 00:02:33,045 --> 00:02:36,135 the case for all of you, but obviously the majority of you, especially if 41 00:02:36,135 --> 00:02:39,495 you've come from a non-institutional background, um, would it be. 42 00:02:40,589 --> 00:02:44,850 Easier methodologies and said, look, that's, that is the right way that 43 00:02:44,850 --> 00:02:48,690 doesn't require you to have out the box thinking, why am I saying all of this? 44 00:02:48,690 --> 00:02:50,399 Anyway, let me get to the point. 45 00:02:50,399 --> 00:02:58,619 And it will make sense basically with Delta guys, it's literally, um, the 46 00:02:58,619 --> 00:03:00,450 difference between buying and selling. 47 00:03:00,600 --> 00:03:00,899 All right. 48 00:03:00,899 --> 00:03:05,310 So that's why I said, this is actually more simple looking at 49 00:03:05,399 --> 00:03:08,519 or reading the actress, statistics and understanding the background. 50 00:03:08,519 --> 00:03:10,589 Obviously the background is quite hard work. 51 00:03:11,190 --> 00:03:14,700 Um, building up the understanding you basically, we spend the whole 52 00:03:14,700 --> 00:03:18,690 foundation course to understand market orders versus supply. 53 00:03:19,260 --> 00:03:20,489 That was difficult work. 54 00:03:20,549 --> 00:03:23,850 Now that you've got that and you've put the hard work in interpreting it. 55 00:03:24,390 --> 00:03:26,760 It's not easy by any means, but it's easier. 56 00:03:27,060 --> 00:03:30,060 So, as I said, it's simply just buying minus selling, right? 57 00:03:30,060 --> 00:03:31,619 So if you've had a. 58 00:03:32,595 --> 00:03:37,365 10 people by the bananas, as the example we gave in the foundation course, 59 00:03:37,365 --> 00:03:39,045 obviously I didn't use 10 or whatever. 60 00:03:39,465 --> 00:03:42,645 Let's say 10 people bought boxes of bananas at $11. 61 00:03:43,035 --> 00:03:44,535 And two people sold them. 62 00:03:45,045 --> 00:03:46,335 The buyers are stronger, right? 63 00:03:46,605 --> 00:03:49,095 Simple guys at that price point. 64 00:03:49,635 --> 00:03:55,725 So that's all Delta is measuring, but the reason I gave the whole spiel at the start 65 00:03:55,725 --> 00:04:02,265 about, um, you know, you're gonna have to learn not only here, but throughout 66 00:04:02,295 --> 00:04:09,705 your trading career to make decisions that, um, on necessarily written in stone. 67 00:04:10,065 --> 00:04:13,695 So I can't tell you, this is the right or wrong answer is because 68 00:04:13,695 --> 00:04:15,165 there's two different measurements. 69 00:04:15,165 --> 00:04:15,855 If Delta. 70 00:04:17,055 --> 00:04:18,315 Institutions are using. 71 00:04:18,704 --> 00:04:21,015 So that's why I brought the depth of market. 72 00:04:21,045 --> 00:04:23,505 Would you agree when the depth of market is printing? 73 00:04:24,344 --> 00:04:29,594 It's printing here on the offer and it's printing here on the bait, right guys. 74 00:04:30,135 --> 00:04:33,164 So that's what imbalances come in. 75 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. 77 00:04:44,474 --> 00:04:48,075 So it'd be 10 minus two equals eight. 78 00:04:50,294 --> 00:04:50,625 Okay. 79 00:04:50,805 --> 00:04:55,664 That is how through time, um, all imbalances have been measured. 80 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 86 00:05:23,010 --> 00:05:24,150 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. 88 00:05:30,510 --> 00:05:31,620 So let me just delete this. 89 00:05:31,720 --> 00:05:36,420 Are we not printing a bid, an offer diagonally. 90 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 91 00:05:40,950 --> 00:05:45,180 tools, not only in CRA and every child in the world on institutional platform 92 00:05:45,180 --> 00:05:46,410 platforms, I will give you an option. 93 00:05:46,410 --> 00:05:51,840 Do you want to do so forget about supply, but I'll just show you that it is. 94 00:05:53,445 --> 00:05:54,945 Basically diagnose, isn't it. 95 00:05:54,975 --> 00:05:57,135 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 00:05:58,815 --> 00:05:59,835 Sell at 97. 99 00:06:00,225 --> 00:06:01,095 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. 102 00:06:07,305 --> 00:06:12,645 As I said, in trading, real trading, unfortunately guys, if there is no 103 00:06:13,005 --> 00:06:16,335 black and white, there's a lot of gray and you just have to decide 104 00:06:16,335 --> 00:06:17,895 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 106 00:06:20,985 --> 00:06:24,945 give you very good logical reasons, but you know, you have to make a 107 00:06:24,945 --> 00:06:26,865 decision what you think works for you. 108 00:06:26,865 --> 00:06:28,005 That's not gonna happen overnight. 109 00:06:28,425 --> 00:06:32,415 Obviously, as you go on and trade throughout your career, you get 110 00:06:32,415 --> 00:06:33,735 a feel for what works for you. 111 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 113 00:06:41,745 --> 00:06:43,575 agree the bid enough is diagonal. 114 00:06:43,815 --> 00:06:46,965 So here four people have bought at the same time. 115 00:06:47,865 --> 00:06:49,905 That two people have sold. 116 00:06:49,935 --> 00:06:50,355 Nice. 117 00:06:50,415 --> 00:06:52,605 Well, I mean, at the same time is obviously the bid 118 00:06:52,605 --> 00:06:54,975 and offer we're at 98 and 97. 119 00:06:55,665 --> 00:06:59,715 But like I said, traditionally, what people have done is said, well, hang on. 120 00:07:00,315 --> 00:07:00,795 Okay. 121 00:07:00,795 --> 00:07:02,775 The current bid offer is 97, 98. 122 00:07:02,775 --> 00:07:10,155 So technically that is the latest buying and selling imbalance or balance 123 00:07:10,665 --> 00:07:13,065 all ye for people versus two people. 124 00:07:13,305 --> 00:07:18,615 But hang on 97 has 10 contracts that traded on the buy side 125 00:07:18,885 --> 00:07:21,645 when the bid offer was 96, 97. 126 00:07:22,065 --> 00:07:26,715 So I hope that makes sense because you remember some stage for this too. 127 00:07:26,715 --> 00:07:28,695 I've printed 10 guys. 128 00:07:28,695 --> 00:07:32,445 You should know this now market orders from 10 market orders have printed that 129 00:07:32,895 --> 00:07:34,725 there would have been water supply here. 130 00:07:34,755 --> 00:07:35,885 I'm just going to make up a number. 131 00:07:37,035 --> 00:07:39,375 Say it was 20 some stage. 132 00:07:39,385 --> 00:07:41,265 There was a number there, there was nothing here. 133 00:07:41,775 --> 00:07:44,025 So it would have been diagnosed like this. 134 00:07:44,025 --> 00:07:44,355 Right? 135 00:07:44,835 --> 00:07:50,895 So again, like I said, what traditionally institutions have always done is rather 136 00:07:50,895 --> 00:07:57,285 than doing it diagonally, which is the, sorry, just get my a pen ready. 137 00:07:57,765 --> 00:07:58,935 Four minus two. 138 00:07:58,935 --> 00:08:01,245 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. 141 00:08:03,165 --> 00:08:04,485 The bid offer is diagnosed. 142 00:08:04,785 --> 00:08:08,565 We're just going to take, um, at the same price level. 143 00:08:09,765 --> 00:08:10,185 Okay. 144 00:08:10,215 --> 00:08:14,775 So yeah, technically you could argue that it should be four minus two, 145 00:08:14,775 --> 00:08:20,955 but actually when we're trading us price, you could also argue, hang on. 146 00:08:20,955 --> 00:08:22,875 I'm more interested in a particular price level. 147 00:08:23,325 --> 00:08:27,615 So what I've come to the conclusion is that there's no 148 00:08:27,615 --> 00:08:30,075 right or wrong answer to me. 149 00:08:30,135 --> 00:08:32,265 Certain things make more sense. 150 00:08:33,990 --> 00:08:36,360 We're now gonna get rid of the depth of market. 151 00:08:36,360 --> 00:08:37,770 I'm going to go straight to the footprint. 152 00:08:37,800 --> 00:08:41,130 So let me, this is actually a live depth of market. 153 00:08:41,130 --> 00:08:44,160 I've disconnected it because otherwise it'd be moving up and down. 154 00:08:44,160 --> 00:08:45,660 I wouldn't be able to show you this example. 155 00:08:45,660 --> 00:08:45,960 Right? 156 00:08:46,410 --> 00:08:49,950 So let me just move that to the side and bring up the footprint. 157 00:08:50,880 --> 00:08:52,290 So here's the footprint guys. 158 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. 162 00:09:11,280 --> 00:09:13,860 So let's just, it doesn't matter what candle we take. 163 00:09:13,890 --> 00:09:14,940 Let's take this one. 164 00:09:16,230 --> 00:09:16,650 Okay. 165 00:09:17,700 --> 00:09:18,570 Would you agree? 166 00:09:19,860 --> 00:09:23,190 That's the bid an offer typically here as well. 167 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? 169 00:09:29,250 --> 00:09:30,300 That's the bid an offer. 170 00:09:31,830 --> 00:09:32,760 That's the bit enough go. 171 00:09:34,469 --> 00:09:34,859 Okay. 172 00:09:35,310 --> 00:09:40,739 Now, like I said, you could either argue what you could either argue 173 00:09:40,739 --> 00:09:46,229 for it sideways because it's also buying versus sorry it's buying versus 174 00:09:46,229 --> 00:09:50,250 selling, or you could argue diagonally, so you need to make a decision. 175 00:09:50,400 --> 00:09:56,880 So what I found, and this is from talking to institutional traders who 176 00:09:56,880 --> 00:09:58,829 have very successful that I know of. 177 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. 179 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 181 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 184 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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