So give me one second guys and we'll get started here, just a sec all right good evening, everybody um! So first before we get started um, let's just make sure the audio is good, so we'll get a sound check going. Is that working well and then also? Let me know if the quality of the stream's okay, you guys, can see everything pretty decent um. Well, i'm assuming it sounds good because i got a thumbs up all right, so um i have a lot of cool stuff. I want to go over with you guys.

Obviously, that's why we're on stream tonight so late um. So for one i got myself a nice little jamison here. So if you guys are any a little bit of a drinker, you guys can partake with me tonight if you're, not that's completely. Okay, too.

I support that um. What i have is some live recordings to go over, so some of you guys probably know that from day to day i usually record some stuff on the stock market and post some videos about it. But today or tonight i figured we would do a live one. So i'm going to bring up some live recordings here in just a second granted, since it's a recording and then we're streaming it.

It might not look the greatest. So you guys can tell me how it looks so if the recording i did today um isn't very visible. I have a ton of more recordings that we can do the reason i say that the one tonight might be a little or the one that i did today might be slightly hard to see is because i recorded a lot of stocks on a screen, so anyways We'll get into that. Secondly, if you guys really like the live, recording videos that i have coming, i have a bunch of them on this hard drive.

So if you guys want to continue going over some other ones that i have as opposed to just the ones that i did today, we can definitely do that. You just let me know, but what's on the list here, is we're going to be running through a lot of these energy stocks that obviously we're moving today, and it's really in an effort to try to piece a lot of this stuff together for you and for Myself um, obviously you know, energy plays, have been going kind of crazy lately, um so want to talk a lot about some energy plays. As far as the list goes, we were going to go through sdpi vtnr, uscg, usws, pfie, and so on so forth. There's probably like 10 or 12 of them here that we're going to jump through we're not going to go in depth on every single one of them, but we're definitely going to touch on all of them.

Okay, um! So, let's see all right so we're going to jump into it. So what i think we're going to first start with is we're going to start with the live, recording, video of the nasdaq and the spy and then we'll take a look at a couple. Other things that i recorded today, so let me pull that up and make sure i got the right one um. So this was all right so before i go into the next one, this was of some penny stocks.

Today now you guys know there was. I mean there were so many different stocks moving around today that you know you just pick one right um, so the beginning of the day as i make these recordings um, i just decided to throw these couple stocks on the screen. Arguably may not have been the best ones to record, but again i'm recording some of these from a different office while working in another one. So these are the ones i picked to record today.

So arguably may or may not have been the best ones to record. For the day, hindsight 2020, but i know that these were a couple ones that are moving in the morning and i figured we would at least kind of go over some of these ones. But before we jump into this video we're going to first start with the nasdaq and the reason i was saying that it might be hard to see the screen is because today i recorded four different stocks at once, whereas usually i just do two charts. So if i do two charts, usually the recording is going to be a little bit more crisp in terms of actually seeing it visually, so anyways we're going to go over to the spy one here in just a second.

So let me take this off and we're going to pop up this bad boy all right. So this is a live recording uh of today. This is the spy uh qqq, apple and tesla. Why did i pick apple and tesla? I mean you know: they're big names popular names, so they move and coincide with market movement pretty well.

So i figured that would be a good starting point. So what we're going to do is click play we're going to go through these really quickly and touch on some of those major talking points and then, at the same time, i'll answer any questions you guys have here in just a little bit. So if you have some questions, just hold off for a second, as we go through this recording uh, this recording is four hours and 49 minutes. I didn't do the full trading day, but you know you're gon na get plenty with with this recording, so go ahead.

Click play and let's start this bad boy so first before we look at apple and tesla, we're going to start with spy and nasdaq and we're just going to touch on those two and then we're going to jump into uh into tesla and apple, all right. So market is open now, all right, so the market's open and before i actually go further as soon as the market opens notice on the spy upper left-hand chart, how the deviation or the green line start to readjust a little bit, you can see once the market Opens that negative 2 yd you'll see it pop up right there negative 2yd, that's going to be your yearly level. You can see it kind of stair steps down from the previous day. So that's the system recalibrating its statistics for today, as you can see, the market drops a little bit here.

We kind of sell down from pre-market slightly into the open. So since the market is going down, that's obviously moving downwards. The statistical probabilities are going to readjust to the downside in the event that today we opened up and we're trending upwards. You know greater chance that this would have calibrated and slightly popped up.

So when you see these things kind of stair step, look! That's because they're recalibrating from day to day, to give you the proper statistics going forward, or at least you know, trying to its best so you'll see that's why it kind of recalibrates and does what it does. Secondly, i mean you can already see that pre-market. We ran into the negative two weekly, so if you're kind of questioning why we kind of pulled down here, it's not only because the negative two weekly is here. But you know that's a selling area and if you look left there was selling here and you can find a million different reasons why something tops and whatnot um.

So, let's continue forward here all right, so market opens and let's just kind of fast forward until we get some stuff here, um! Oh, you can see there all right. So nasdaq looking at the right market opens and you can see we pretty much sell down and then pop right into that gray, weekly or you know, dash level. Okay and you'll probably see some lines going on my charts. This is me just actively doing stuff throughout the day, so we're getting to move down and look at where the move first goes on the nasdaq right and then this should be where we get our first bounce.

I think i think that's what happened yep there. You go all right, so, let's stop it! There go back now we're going to go fast mark. It opens down well, first up then down into that 320 level and bounce okay. Now, if you're someone who doesn't use this system completely cool, you could obviously been gauging.

Maybe this bounce based on the pre-market low area, as you guys know, you've, been taught in the past or taught by someone or seen some youtube, video. That would say: there's a lot of times, there's going to be a rejection at pre-market highs or there's going to be a rejection or a bounce at the pre-market low 100. But this is your visual statistical representation as to why okay continue on um. Again, i don't know everything that happens from memory, so you know it's almost like i'm going through this for the first time again, all right and you'll see i end up moving these charts around a little bit, um, just to make sure that everything stays in view And you can even see here, i drew a trend line now again.

This recording that you're seeing this is happening in my living room setup and i'm training and working in my office. So this was not me putting a line on the chart in my uh. In my living room, this is me working in my office, so you can still even add a little down trend line there right and basically you'll see as we kind of clear up and through that we get a pop. Secondly, i forgot to touch on this.

You can see after we get our first bounce on the nasdaq we pull down and um. You know, arguably, that's like a little ww pattern. People will call sometimes but there's kind of your slight little ww or um. You know double bottom bounce and then you cross your trend line, and then you get pushed up okay.

Now, where does that pop go so when the nasdaq bounces off that 320 40 level? Where do we bounce to we bounce into some moving averages? We bounce into v-waps, but where does it really go? It goes up to the statistical probability here of 324.82. All right i'ma! Stop there really quickly. Is this all making sense? Am i going too fast? Do i need to move a little slower and make sure? I point things out a little more clearly, or is everyone pretty pretty good on this? I'm waiting? So if you just want to give me a little little thumbs up here, let me know if everything's good and don't need to slow down. Okay, that's what i needed! That's what i needed my peeps okay cool, so you'll see obviously nasdaq balances off 320, and then we push up into the next statistical probability above, which is at 324.80 all right and then i think we end up getting rejected here shortly after okay, all right.

So, let's fast forward some all right, so where does the next bearish move go down on the nasdaq and mind you the reason i'm focusing solely on the nasdaq right now and not the spy is because the nasdaq is giving us more interactions on visual statistical levels. As opposed to the spy okay, if you look at the spy um, we are excuse me. If you look at the spy, we don't have any statistical levels that we're really kind of trading around. So that's why i'm referencing the nasdaq uh for right now, all right! So you'll see you have to reject the um the deviation on the top side.

We end up going down to obviously a deviation on the downside and i think we get a little bounce here or maybe we go through a little bit, something like that. Okay, so there's the next bounce and you can see - i drew another trend line, um and then yeah. So let's go forward and where does that move go to again after we bounce the bottom one, we shoot right up to the top one again all right. This time do we break through, or is this the big rip on the day? This was okay, so now that we get through the top one, we go through this explosive move and where does the move go through when we break that top deviation on the nasdaq? We go to the next deviation up, which is at 3, 27.

40, 3. 27. 50. Arguably right there, okay and you can see that the spy is starting to kind of get out of my recording.

So i think i come back to the living room and i readjust this so again. I do a lot of work throughout the days jumping through offices and whatnot, but anyways to try and capture all this for us and to learn from it as well. So here you go, you see, move market moves up, nasdaq next deviation up, and obviously we don't have it on screen here, but you can see the spy is targeting up to its deviation levels here as well. Okay, so i think yeah you can see.

I kind of go off the screen and i think i come back and readjust this yeah okay, so there it is so i came back and kind of put everything back into view all right. So let's talk about this. This is where we just were, and the market breaks up on the nasdaq. We break this deviation here, and this would be your pull back into that breakout and that would be your dip buy off the deviation.

So that's a little bit of a learning lesson for you, guys, um, all deviations that break out or break down to me are a breakout or a breakdown, and generally there's going to be a retest of that deviation, whether it be sooner or later. If there's a lot of momentum, then sometimes we can break them and just keep running and if that's the case a lot of times, the market will eventually find itself rolling back over into it at some point all right. So now we can kind of talk about the spy you can see the spy. Does it too right, we kind of break up and through and you can see we broke and there's a pullback into those green deviations slightly below sure.

But if you look at the nasdaq right, the nasdaq touched pretty much to the penny that time okay continue going forward and i think we start creeping up towards that 333 or wait. I can't remember yeah, i think, that's what happens yeah, that's right, because i was targeting 428 in the spy today, all right, so here's another thing is: i was targeting up to about 428 as my max long for the day after we started getting this breakup because That's the next statistical probability up on the spy and so on so forth, all right, but anyways! You will see that the market pretty much gets up into this green level on the nasdaq and what happens we sell over. So now, let's play this kind of fast. All right so ready mark it down bounce up break through the high a day.

Anybody who is short from the beginning of the day at the open or off the uh, this first retest towards the open price high a day there they're getting squeezed out if they're short breakout buyers are coming in here. You don't see it, but then we pull back. We get a re-test of that. First deviation break there.

You can see it right there on the nasdaq okay, so your first pullback retest and up and from here we push into the next deviations up and you'll, see exactly where the market tops. The market tops pretty much on this deviation. We didn't quite get there, but we got very close, and this ends up being where the market then rolls over all right. So now we're gon na go in and kind of go back to what i was saying before, which is the market always likes to retest? Its breakouts um, which arguably it did here so this is something i want you guys to ingrain into your mind, is that i don't really know how to classify this.

This is just how i classify it, but we have an immediate continuation, retest and then a lot of times. We get a corrective retest. So when a level breaks whenever a level breaks and you get an immediate pull back into it and then we kind of push away, so you get your breakout pull back and go to me. That's the immediate continuation move off the breakout and then, if you don't continue - and you get some weakness you start to roll over, then that is the corrective breakdown retest, which arguably is going to be more of a counter trend.

Long as opposed to like a continuation move, so you will see markets. Do then roll over now look at the bounce this time right! So look at how the spy and this time we should kind of look at the spy. Alright so see how we roll over. So this is the immediate continuation kind of immediate continuation, breakout move and then you'll see you get more of the corrective pullback here into your deviations.

So this one is easier for people to recognize right if you're a trader. This is an easier thing to recognize, because you know you've had to move up and now there's kind of a drop and it's rolling over as opposed to just a quick pullback right in this moment in time you're like well, is it going to continue? Is it not going to continue, whereas if you look at this time rolling over you're like well, we went there before so now. That's visually a support area right as opposed to just a pullback right, so visually as a trader. You can see this now so much easier than you could on the first go of things, because the first go of things is just a little quick, pullback you're like maybe maybe not, but now that we've gone up and we're rolling over back into a level that Broke up you're like okay, this this looks like support because visually you can see it much easier.

Okay, so you'll see we pull back into it this time, but look at we're not bouncing as much okay. Arguably, that's just because of the market structure we're in and things are bearish, whereas other times you might get a very good bounce here. But again you have to ingrain this into your mind that there's a continuation move and then there's a corrective move. Corrective moves can sustain and become bigger, rallies at some point, but when it's a corrective move down, you always want to treat it if you're going to trade a bounce.

If you were that it's more of a counter trend bounce into a corrective downtrend move. Arguably, it could continue, arguably could go up this way, but you have to just kind of know that difference between immediate continuation and corrective pullback all right. So we get a correctional pull correctional pullback here, all right and you'll see we kind of start dabbling. We start to get a little bit of a bounce here now.

The other thing, too, is if, if you were in this moment in time and you're, looking at a bounce trade, okay and you're, like alright we're coming down, i believe it's support and we're gon na we're gon na do a bounce right. Look at the volume right. It's red, okay! Now, if you look at this volume here, this volume is surpassing. All of the previous buying volume within the continuation will move up now, it's not surpassing the first break up sure, but all of this continuation will move up.

Green volume is all about here, and the selling volume is over, beating and beating out all of the buying volume from the continuation push up. So if you're debating about a dip buy or a bounce within the corrective pullback here take a second look at the volume engage, whether it's good volume, weak selling volume or strong selling volume. You can see as we move into the deviations. If you're debating a bounce, you will see that the buying volume or sorry the selling volume is greater than obviously the previous buying volume that we had and that there could be kind of a telltale sign for you to be a little hesitant on that dip buy Or to maybe just avoid it all together, all right continuing forward here, um you'll see we kind of sell down some more until the nasdaq gets to its deviation here.

All right now we're back to another talking point remember, as we said all deviations when they break out, that's a breakout and they like to retest. So if you think about it, we had a deviation here on the nasdaq. We had a deviation here on the nasdaq. This one found resistance, so this is a breakout.

This is a breakout, this breakout retested, this breakout did not so this is in a way the market coming back and re-testing that breakout again and you'll see that's end up where we get like a little smidge of a bounce on the nasdaq, okay and uh. There's more to it than that, but i don't think i catch it. Okay, all right! Let me see if we got any questions here and i can run through some of those and then we're gon na jump into uh we're gon na start piecing together. Some of the nasdaq, the spy, tesla and apple together.

Okay, all right! So we're good we're good we're good. How do we sell puts and make 3 000 like your host? Does everything um so yeah so brandon? Well, you have to have a larger account. Generally speaking and know the direction of the market, what is your strategy before the move? Um? We can touch on that. Okay, let's see he bought the dumbbell solid place for experienced trades and trades back so yeah again uh the things that we're discussing in this uh.

This video are anything but amateur, that's for sure assad when you set your cell and buys as it's constantly readjusting so uh. Here's a good question right. It's readjusting constantly readjusting! If you look, they do readjust a little bit, but not all that much right. I mean if you're looking at it, they are readjusting, but not by that much right.

So yes, there is readjusting, but again since they're trying to calculate the probabilities of the market, they have to continually readjust as prices change. So that's that's really. The main reason why they do that uh, yes josh! You don't have to manually mark them. If you um sorry yeah, you don't have to manually mark them.

If you uh already got our system, you can just uh go to you, can log into our website and get the new updated version. So i would recommend doing that. Okay, um, how do you know it's a correctional move? Um. I guess there's a couple ways to define that um yeah, that's that's really hard to answer um so, like i was saying before, is a correctional move is and that's tough, that's a tough one, because i'm thinking of the best way to describe it so like i Was saying before is whenever you get a breakout and it's the first pullback in that's your cont? That's your immediate continuation move.

If that does not hold, then you're into a correction right - and i mean that's just bottom line - is there's no way of me being able to really tell you if you, you know it's a correctional move. I know it just from visually doing it so often, and it's really hard for me to explain a correctional move, but the only way i can say it is you have your first pullback into a breakout and that's what you you view as a continuation potential move Right and then once you start to get some aggressive selling, oh here's! Here's! You don't uh! You know you don't see it on this chart right, but when you start to get um a lower high uh or a previous swing low break like right here, even though it's not very good on the five minute chart like this here. If you look at a one minute like this, would be like a high or low okay and we've probably started creating lower highs here on a one minute scale. So once you start to break below your previous swing low, which would be like right here.

That's where you say: okay, this could maybe be a short term downtrend more correctional right, and that would pretty much be it by looking at um trend and understanding higher lows: higher highs, lower highs, lower lows and breaking below a previous swing low. That's generally, what's going to kickstart, a downtrend and at that point you know you're into more of an aggressive move down, as opposed to maybe just a quick pullback. But then again you don't really see it here. So that's a tough time trying to explain that all right can i dive deeper into volume analysis.

My washer dryer is done. Yeah yeah. I get that so um. So that's cool all right.

So here's the next thing uh when you're, looking at uh the tesla charts and the apple charts. So here's the deal right. You can see markets on tesla apple, sell down to their deviation levels. That's where you start to get a little blip of a bounce um.

Then we break through a little bit sure but watch this right. So look at apple down here all right watch when it breaks up and over okay, so watch apple break up and over like the 157s okay, so we broke up look at the red candle. That's your pull back into the deviation, so that's your continuation or potential continuation or your retest. So as opposed to trying to buy the breakout up and above and chase that move up, you could wait for your small pullback into and that would be your dip buy.

On the deviation, okay, which doesn't work, you can see how it doesn't work here. But imagine if you you try to chase the breakout as opposed to waiting for it to pull back into the deviations and then adding a dip there. If you think it's going to go higher right, your loss would be significantly smaller as you break back down below the deviation, and i think you do get a pull back here on tesla to 807 and re-test. Let's see, i can't remember, though yep there.

It is. Okay, so look at the breakout on tesla all right, so tesla's battling that deviation right here, push through pull back retest and go all right, which then eventually takes you where to the deviations on the upside, and this is where you get some resistance, okay or well. I think we go a little higher and then we find some resistance, but now look at apple deviation. Tesla deviation, look where the markets are at okay.

This is how the market moves in unison. All right. Remember that the nasdaq and the spy are indexes which are composed of various different stocks. So the price and the reflection that you see on the nasdaq and the price and reflection that you see on the spy is really just an overview of how all the stocks are doing within the market.

So if all the stocks in the market are doing well, then you're going to expect that the spy and nasdaq are going up. So it's not the spy in the nasdaq going up to make stocks go up, and it's not despite the nasdaq going down to make stocks go down. Its stocks in the index is going up or going down to make the indexes do that. But people will look at the nasdaq and look at the spy and as soon as you see some selling pressure there then they're gon na you know psychologically think.

Oh, we should sell our stocks and so it's kind of one big organism and they feed off each other one way or the other. But this is the point that i'm trying to get across as you will see that the spy and the nasdaq they top and they roll over and ironically, where is tesla, where is apple, some of these big major market cap stocks? Well, these big major market cap stocks just got up to some deviations, and some deviations could very well see resistance and selling in these areas and sure enough what happens as these these stocks get into some selling areas. Statistical selling areas they start to sell down, which is now creating the selling pressures on the market or helping create the selling pressure on the market. So everything moves in unison in the market, so this is something that i do quite often is i'll leave up on.

My charts a lot of times: apple, microsoft, tesla, facebook, yada, yada, yada, amazon and when all of our major tech players have reached statistical levels on the day where we could see selling pressure, then i just build the idea that we're probably going to get pullbacks on The market, so you can see these major stocks kind of get to some deviation levels, could see some selling and sure enough, as they do markets start to turn. Okay, so you can see they all move in unison, all right and uh. Here's another good one right! Look at the tesla chart so as we break down right, we try to break above. We can't sustain we break below and you get a quick little pop back up to pretty much re-test.

The deviation are very close, not quite, and then it rolls back down all right. So if you're looking to go short here instead of chasing down, you could try to wait for this little pop back up into the deviation and then add short into that level. That's an idea you could do and then we go down um, also yeah, sorry back to apple right, look at it, go up push up, and then, where does it sell down to? Oh sells all the way back down to its deviation boom right there and remember: we broke that and we never truly retested it right when that breakout happened, we never really retested it granted. If this was a bull market, we probably would have never gone back to retest it, but since it's a bearish market, the markets are going to target down to their most likely statistical level.

Okay, it's a lot a lot to take in and we still have a ton more to go over if you guys are willing to continue hanging out thanks dayton. Appreciate you bud um, let's see um. So no, i don't really incorporate a fundamental analysis a because i probably don't know it well enough, but i probably will be knowing that uh sooner than later, as i finish my cmt exams, so i will have to learn more about that sooner than later. Actually, the deviation system for trading view is done now we are really.

We finished uploading kind of the instructional videos to our course outline for it, because there are some differences that we had to mention, but we're also kind of running into the complication of of basically onboarding people who use it and making sure that you know the welcome Emails go out with proper links and everything, so that's kind of the behind the scenes back office stuff we're working on right now, but when that gets all taken care of um, then it will be available. Yeah, um, yeah! These are standard, deviation level. 7.1. It would be the newest update, which i think is the v4 update.

You go long, even though the markets are bearish uh. Yes, so today i did go long. Actually, today i traded this pullback. So today this is one of my trades.

I traded into this poll back here buying the 428 calls. So when this dip happened, i added long calls on the spy into these deviations targeting the 428 and, as we moved up, i was closing out on those um, so so yeah. So markets tend to so you're, not wrong. John uh johann about the monthly weeklies um.

So when i say long-term levels, i'm pretty much meaning monthlies weeklies, dailies and six months. So for me i i consider anything. I consider my long term levels to be six months: dailies, weeklies, monthlies, so um. Not so i do use the intraday one.

Actually, no, that's a lie. I don't really use the intraday deviation anymore. Part of the reason. Why is because i know the markets tend to move more or less based on longer term levels, but there are times when the the intraday deviation still presents very valuable.

The other problem is, once you add, so many different scripts to your chart. Then tos runs really slow. So it's so it's a matter of me having to pick and choose my battles of what i want to have, or else my system is going to run so slow that it's inoperable, but i will say that the intraday deviations do provide extreme value, which we could Also touch on a little bit later in this for sure that is also the standard error, so um. We could very well talk about standard error tonight if you guys want to do that, but that is also something that we're kind of working on and bringing into the mix and um you know yeah i mean i could talk for days on that you know, but At the end of the day, standard error is another thing that we're working with and we will be presenting to you guys in in probably a shorter period of time, but that is actually seems to be providing um.

Not that it's it's better, but it's a different perspective, so the standard deviation levels they work exactly the same as standard error levels. The difference between the two it does seem that standard error can be slightly more accurate and there's a reason why. But they do the same thing right. They do the same thing um and i can i'd have to i'd, have to show you to really hit home on that, but jonathan yeah, i mean you know i would be willing to have that discussion with.

You probably can't hammer it out appropriately here or really dive in too deep, but um. You know i don't know if you're on our discord, but you know feel free to to contact me um, but you're, not you're, not wrong about that. Fib retracements definitely have their place in the market 100. So i would say you're not.

You know you're totally right in terms of like accuracy, but it's the application process that would make them superior to the deviation system in a way so - and that's really it just understanding the application process between the two is the big difference there, whereas obviously the fib Levels so i would say, there's there's that's the difference. Is the application pro process and so with standard deviation and or if we're talking, standard error, you're working in terms of probabilities right so you're not trying to necessarily be totally exact but you're working in terms of statistical probabilistic trend, and that is your. So that's the difference right. So if you, if you truly understand the difference of them, they just have different meanings, but 100 percent, like my but my buddy brandon my partner.

He lives and dies by uh by fib, so definitely very, very good. Just different application and process nessa. So if you go to boilerroomtraining.com log into our website, you will have the updated version. All you have to do is go in there, get the updated version and add them to your chart.

Yup um, no, not necessarily um. No, i mean i use level two a little bit here and there, but not not too much overall um. How much are you doing? Option plays a decent amount. Yeah i mean options.

Have their their place in the world. Just depends on you know what your thing is: yep uh trading the one chart, yet the channels are completely different, based on a 30 day of data versus one day of data. Yes, there there's always going to be a different set of data, depending on on what you're calculating all right, um. Well with that being said, we're going to move into the next topic of discussion, which is kind of this whole oil oil deal.

So we're going to get out of this. Okay, all right so really quickly. I'm going to jump through a bunch of charts here which are going to be of all these uh energy plays that have been taking place well over the couple weeks, if you may, and so really quickly before we get going right. I, like the standard, deviation um.

It's something that i use obviously a lot, and so it's really just me presenting ideas to you and if you guys like them, works well for you, then that's that's all i'm trying to do. I can't say it's the best in the world uh by any means. Everybody has their thing um, but yeah, that's pretty much it so, starting a fib, basically to start a fib. You want to be picking an area which you have defined as a reversal of trend granted my uh, my buddy brandon, is significantly better at that than i am, but there's a gentleman in here which i can't remember his name, but he was just jonathan jarvis jarvis.

That's got to be it so jonathan jarvis could probably answer that question for you, maybe even better than i can, but generally speaking, you want to start a fib from an area in which you've identified a reversal has taken place or start a reversal all right. So i'm going to go full screen here, we're gon na kind of get out of this stuff here and we're gon na get out of this stuff here um and we're gon na go like this all right and um we're gon na run through well. This is one of them indo. Obviously you guys can see.

This has been a monster all right and you see where all the statistical levels are down there and eventually we break above all of them all right, so not to get too complicated here, but based on statistical when the market exceeded this purple line, we have essentially Been going parabolic at this point, so it's a parabolic move. Okay, then, when the market corrects and drops back down, where does it go to okay? So this is where the breakout happens say: parabolic breakout for that matter, and then eventually we top start a downtrend. Where does it go to so? This might be something that even jonathan jarvis might touch on a little bit here. So you know different applications.

So there's definitely ways you could mark fibs in here, but when you're thinking in terms of probabilities, as we'd said, there's a different application process and a different thinking process. So in turk, when talking in terms of probabilities, we know that once the market on indo gets above here and it goes explosive, we have broken out, we've gone parabolic and we've exceeded the statistical bell curve. We are trading into areas that typically, we would not normally do very unusual and at some point sooner than later, the markets will generally retrace back to known statistical probability areas back with inside the realm of the bell curve, which you can see, break out. Move back down right, not to mention, if you look, where did the low of day bounce occur right there, so you could have thought this was the bottom of the day and you're buying this dip.

And then maybe you get stopped out right, which granted? Even if you bought this dip, you'd eventually get stopped out too, but the concept is is if you're thinking about buying a dip, the lower risk dip would occur as your stock retraces, and this is a downtrend. So it's a counter trend bounce for that matter. As you get back down to statistical probabilities, okay, yeah so trading view will happen very soon. Okay, so anyways, let's go through these ones really fast.

I want to take up too much guys time so ready indo. That was one of them all right s, dpi, here's another one which arguably you can see where do most of the tops happen, all right, so here's the top plus four here's a top plus four top plus four gets over, but then obviously back down bounce. You know, plus 4 etcetera, etcetera, etcetera, so this is getting into a very overbought scenario and there's where all your tops happen: okay, over to vtnr all right, so looking at vtnr vtnr doesn't arguably get to overbought today. But here is one of those was plays.

Ptnr uh uscg, so right now we're going through all these energies. Oil plays et cetera, et cetera, et cetera. Uh here is uscg very similar to sdpi right. So, if you look market pushes we get to overbought known selling error, some people went short.

Probably some people went short regardless, regardless you get over all the deviations, you go, parabolic you break up and then once the market says wait a second. This doesn't make a lot of sense. Slam back down statistical probability, there's your bounce! Okay! Now we go to usws uh, not entirely the same as the previous one. I just showed you, but you will see we get into known upside selling areas, plus threes, plus fours cells down.

Okay, all right, uh, pfie, here's another one um! Arguably it gets through. All of these levels goes a little parabolic and then the mark goes wait. A second back down into the statistical statistical uh bell curve there. Okay, now we're going to jump into nine.

I think this one went pretty pretty nuts yeah. Okay, so same thing, known selling areas, people went short, some people held too long. Then they got squeezed market goes parabolic over statistical levels. Then the mark goes way to a second and we start to move back down towards those statistical levels again.

Okay, all right. Next one is gbr, give it a second all right, so gbr, okay, there we go all right so gbr. Basically this one pops up known selling areas pulls back, tries it again. It gets a little higher known selling area, plus four plus four plus four plus three plus three plus c, and then slam down all righty, uh e z, f, i l or no that's not right e z, f, l uh this one isn't really anything too crazy From what i remember but anyways, the purpose was just to show you to pull back all right.

Let's go over uh celp, another energy play all right, celp, pretty much same story. You get up to known sellingers. Some people go short sure. Then they get squeezed.

Mark goes wait a second back down into statistical probability areas and it tries to break out again and mark's like wait. A second back down. Okay, continue over brn here's another one, and i think this is going to be the last one. Okay, so same deal, market gets to an overbought scenario: whoa settle down there, puppy all right.

So we get to a uh selling air blah blah blah goes down holes and then we go parabolic up and then goes wait a second and then we slam back down into the statistical probability areas before we kind of get some bouncing all right. So the the whole purpose of showing you all of those charts there really quickly is to show you what can happen when the market starts to exceed or well when the market starts to exceed too far outside of normal normal distribution patterns right. So these are stocks that are exploding getting very parabolic and exceeding normal distribution patterns, okay and then as those and as they retrace they're generally going to fall back to with inside their bell curve. Now, more specifically, remember that everything we just went over our energy.

A lot of them are oil. Related plays all right. What happened today forward, slash cl has been going. Nuts oil has been going nuts, it's been going crazy, it's been going up all right.

At the same time, all of your energy stocks crashed so did forward. Slash cl so your oil play crude, which has been ramping up, which is driving all these energy plays. Nuts was going sky high. All of your energy base.

Energy plays crashed right at about the same time, but why? Because your forward slash seal oil, which is driving all these energy plays up, arguably crashed, and where was this trading plus threes to plus fours? Arguably so, you're into a known selling area on crude crude gets smacked down so do all of your energy plays. So this is another way of me trying to emphasize that the market moves in unison, it's one breathing big organism. So when your forward slash cl crude oil, which is ramping up, all these other stocks gets to an overbought location and yanks. It gives the perfect reason for all of your other energy plays to correct okay, and that was really uh.

The main discussion i had for you guys so that's pretty much. All i had planned so feel free to ask a couple questions and if you guys would like, i can also bring up a couple. Other live recordings that i have and we can kind of jump through some of those. So you guys can see how markets kind of interact around these deviations in real time.

So if that's something you guys are interested to, we can definitely do that as well. So the only thing i really traded today was the spy in the nasdaq uh. So i pretty much just traded some directional plays like one or two spreads uh on on the nasdaq and spy. Today, how do you keep an eye on everything? Um yeah? I don't.

Even i don't. I try my best, but i don't um but yeah i mean. There's only there's only so much you can watch at one time but, like i said you know, i have a i record a lot of this, so i kind of set up another computer in the morning and i put up things that i think are going to Be valuable and i make sure to record those, so even if i'm not watching it at least i can go back or even if i'm not trading it too. I can go back and learn from that as well.

So this um indicator, if you may, which it's funny, because i don't even really consider it an indicator. I just think it's probability statistics but yeah anyway, so this indicator is standard, deviation um. So for me, um, like i said before my uh my time, frames of choice are gon na, be one year day. Excuse me um 180 day four hour and um one year weekly, but this is a custom coded.

You know script. So obviously we just usually for me, i'm just looking at a 30 day one minute and that's going to give me all the statistical long-term levels, regardless of having to look at long-term. So, for example, that 180-day one-year week one-year day et cetera all of those levels that are presented on those time frames are being presented on whatever time frame. I want why not trade monthly options more.

Well. That's a good question. I don't know i've never really traded monthly options, but something um that i've been doing more recently is just monday, wednesdays fridays, zero, dte options, um and basically writing premiums of things. That probably won't happen.

So that's something i've been working on more recently. So, for example, um: let's go back to the spy, so it was this day here so uh monday. You know something i did. Oh sorry, we're recalibrating here all right, so something i did just on monday, for example, this had options expiring this day, so something i the most recent trade i did here was when the market had end of day when the market had broken down.

Here i started selling uh. These calls just over the 423 level. So you can see this is priced right about here, which is 423.72. So as the market's kind of bouncing up, i go okay, i'm going to sell the calls up here.

So i'm saying by the end of the day, markets will not close above that line. It's possible. We trade to that level, but i know that when we get there, there's also a good chance that the market's going to find resistance on that statistical level and sell it back down. And so that's one way that i've been using the system is to sell options and premiums of things that probably won't happen um, so that that's one way of doing it or like when the market was here and it started to bounce.

You know selling some calls all the way up here, because in order for those market or sorry in order for me to essentially lose fully, the market would have to close all the way above 431 for the day. So you know markets are bouncing up and i go okay market. Well, i don't think you're going to close above that and maybe, if it's lucky it goes all the way there, but still to get all the way to this level. You'd have to go up to here.

You'd have to get through this one, which could arguably have a good pullback and then you'd have to go up and break above it and most deviations like to re-test. So then you'd have to pull back and re-test and then you'd have to go up to it and then you'd have to close above it for that to lose. So that's one way you could consider using it uh. Why is standard defense pattern because we're running a multi-time frame channel, so it's just going across all time frames and seven of nine there you are so um yeah.

I mean that that's really all i had uh had written up for tonight, but um yeah. So so there you have it, ladies and gentlemen, if anybody's got any more questions feel free to shoot them over. Actually, what's this so here's another just kind of live, recording we'll pop through this one really quickly, all right, so you can see in real time. Uh wasn't a good recording like i said i try to get these as best i can, but um anyways there's one of them didn't really have much anything good on that guy.

Oh here's! A tesla chart. Here's one nothing too crazy on that one where we got here. Ah, no, that's a quick recording that didn't work. Oh, it would probably be the same.

Oh no! Maybe it's the real one this time! No, that just i just did not record. Oh. I think that was recording i did over it. That makes sense.

This would probably be the original no like i said i got a lot of these hard to know exactly which ones are right. When crash, i would say, we've already started. Uh started crashing um, so i mean to be completely honest: we've been trying well, i've been trying behind the scenes to get that all back in order, so so we've been trying to do is is really bring everything in house, because the problem we had before was Zoom links would get shared and it was hard to do user onboarding and keep track of it all with the original system. We had so we're really just trying to keep all of that in-house.

So that's what i'm doing behind the scenes right now is figuring out. The proper services or um, i guess you could say, integrations to our website to bring in chat and streaming functionalities all into one which you'd think wouldn't be that hard, but by gosh it has actually been pretty challenging. Yes, john you're right because if i sell the call as long as a call does not get to that that price by the close and maintained, then you keep the whole premium so to get the updated system uh and in shark busy. I will answer your question.

Just a sec, um yeah, updated system just got ta log into boilerroomtraining.com and it will be uh be right there. Well, as long as you have purchased the original system, you get access to all the updates in the future, yeah and so shark busy. You ask the question: why sell calls instead of buying puts so yeah you get the time decay on your side. So if you're to buy, puts then you're just you know, you have to be completely correct on the direction, whereas, if you sell calls, you could be wrong on the direction, but as long as it doesn't exceed a price point you determine, then you still win.

So you could sell a call, be wrong for hours and as long as the price does not exceed a certain level, then you still win in the end. Yep crappy face hello, hello, hello, so yeah. Ladies and gentlemen, i think i think that about does it. For the night, unless you guys hammer on a couple more questions for me, well yeah i'll wait around a couple more minutes.

If you guys got some more for me. Oh there is something i wanted to talk about now that i've thought about it um. So let me really quickly um, i'm gon na add something here: okay, wait for it to load! Okay, since i don't have the multi time frame set up which seven of nine is currently working on. This is something i'll show you guys really quickly all right.

So what we're looking at here disregard like the you already know these ones all right, so i'm gon na i'm gon na map these ones off all right. So this is standard error now which actually, what i could do is i could just do this really quickly. Let me just clear everything up and make this pretty straightforward all right. So now i'm taking off standard deviation and i'm adding standard error.

Okay and i'm going to manually plot this now. I don't really need to do that, one for the time being, but it's all good. Okay and i'm gon na color code, these okay, for most of you guys, you probably already know um. You know probability, statistics that i've taught it a little bit for you all right so now and out now, i'm going to delete this off because we don't really need those for this purpose, all right.

Okay! So today this price point this zone right there that based on standard error, all right and actually maybe i should bring back now - the um one. Second, okay. So these two lines that i put here - those are standard error lines. So today, in and at the time they were a little lower.

So realistically, i think at the time they were about here, so they updated a little bit so to start this day. They were right about here. To be honest: okay, some were a little but anyways. You get the point so when we were trading into this area based on standard error, we were trading at the negative 3 6 month and negative 3 weekly standard error level and based on probability, statistics 99.7 of time.

We would stay above that, and so, when you're talking in terms of stock trading, it's not entirely perfect as it would, if you're really doing you know random sets of data and whatnot, but in terms of trading when we're selling into this area. These blue lines, based on standard error, we were selling into a known high probability level that we could very well bounce, so you could think of this bounce the same as forward slash cl right when today, ford cl was trading and it was up hold on one. Second, so when ford slash cl today was trading up into like this blue level, and you see this big rejection same concept. When we're looking at the spy, you will see that the spy was trading down into known probability, areas that could very well lead to a bounce.

So, for me, my rationalization for today's bounce was the market was just getting a little too bearish for the time being into those levels and sure enough. We get the bounce, okay, yeah stream yard stream yard's okay, but their quality on their stream kind of lacks unless they've changed something from the last time. I've used them um. I should be coming back on in the mornings uh very soon, like i said it's just all, trying to get our system working efficiently.

If you may, how do you read so i sell a call on option flow yeah. So when you're looking at options flow or option flow data um, you know, i think i have a good example of that one. Second, let me bring this up. Let's go to it was the nasdaq should be good enough.

Okay, um we're gon na decrease this. To about time being and oh, it doesn't give us back, that's not what i want, but i guess we're going to go to and that should do the justice okay. So i'm going to shrink that puppy a little bit and we're gon na bring up the nasdaq really quickly, okay, um, so this is today well, obviously, this is today one second, don't readjust: don't you do it and you did it, stop it? Okay, all right! So right now we're going to focus on this spot right about there. Okay, and this might not be the best representation, but this is kind of how i have to bring it up for the time being.

So what time was that that was 10 30.