Understanding Quantum Boomerang for Trading

all right so I'm going to break down the quantum Boomerang now you're going to see this too when you guys go through the complete beginner guide none of this is like it's not like midnight right where hey I do midnight doing this and that this isn't a cut and paste you just do it at this time the boomerang and the quantum Boomerang is an amazing tool that you can use in so many different ways that honestly just one little video isn't even going to do it justice so please make sure you guys go into the complete beginner guide section and and uh watch one watch all of the videos that Quantum done because this isn't even my tool this is made by Quantum Wick you see him in the audience and you'll see him from time to time in the chat and you also have a whole section called Quantum boomerang in the pack side that you see here that you can go and ask him questions and talk about with in the boomerang chat so uh I will never do it as much justice as obviously the creator of this but I can go over what experience I have and what I personally use with the boomerang so the example I'm going to go over doing this and showcasing all this is just the 1930 to 2030 range because this is a very common range that a lot of pack members use either to trade off of or to carry on into New York because you guys will hear me from time to time when we're trading the the midnight retracements I will use this range if it hasn't been retraced during Asia and London why because historically 10 plus years of data if you measure out the 1930 to 2030 range 10 plus years it's about an 80% accuracy that by the end of day tomorrow so at the start of the market here to 1600 when market closes this opposing side so if price breaks the upside the opposing side has an 80% chance of being hit from the moment price breaks to the end and then vice versa like if price broke the bottom then the top side has a high probability being hit and so on and so forth so I'm going to be going and using this range to kind of go over everything but just know it's not just one specific range it's not one specific there's no everyone DCA here or anything like that it's here's the foundation then you go take this and run with how you want to build your risk profile around it so how the boomerangs works so at the start and stop time of whatever you input here okay what this is going to do is it's going to draw the highest and lowest point just like the tenacious Dro does all right uh just like the the dro does of drawing the highest and lowest point but then the range extension time is then once this range is formed what when is this going to then start looking for the potential reversion to the other side so you can see here I have 1930 to 2030 and then 2030 to 16 so what I'm telling this indicator to do is now starting at 2030 to the end of the next day I want you to start finding when price breaks to either side uh the the reversion the mean reversion to the opposing side of the range so if I put let's say I don't know uh 2100 you see how there's a 30 minute Gap here so it's not going to look for the break until a 30 minute gap between when that range starts to when this starts so if I put like say midnight you're going to see this is going to go away and it's not going to look for a reversion until price breaks starting at midnight but we'll just keep this to 2030 for Simplicity purposes so when this range is formed and when when this range is broken to measure when that's going to be ma percentage so what this is is this is showing the indicator and showing you statistically so if I go to like let's say the 15 minute just to get more days because on the one minute again you're not going to have that many days uh due to how many candles you have on the chart but if I go to the 15minute time frame and now we have 126 days of of data we can actually see here if I put 1% what this is telling the indicator is at Max I want you to tell me the strike rate of this range being hit between whatever limits I say here at a Max distribution or a Max Mee or Max adverse Excursion of 1% so what we're telling it is hey when price breaks outside of this range I want you to measure the strike rate price can go all the way 1% worth away from wherever this you know entry is before hitting this opposing side okay so what this is saying right now is 82% of the time in the past 126 days we have hit before hitting 1% we have hit this opposing side 126 times or 100 82% times 82% of the time out of 126 days so if I put 0.5 you can see this is going to dramatically go down but that's still pretty good right with a half a percent of potential draw down which is right here we have still hit the other side 74.6% of the time and so the goal with these Boomerang ranges of whatever you decide to use and study and build risk around is you can take the probabilities of not only price hitting the opposing side but how big the range is again this is all uh indepth went over in the in the Forum post how big the range is how long does this trade have to actually get hit the Maes which are these red lines here that you can manipulate now with these Maes like I said max adverse Excursion so if you're going short what's the average price goes against you to the upside and then if you're long let's see if we can find a long example so like right here what's the probabilties the price going against you to the downside so we can see here and then we can use all of these factors to build a risk profile around so if I know right if I'm just sitting here looking at this and again this is just a small sample of a large data set that you want to collect obviously but if I was sitting here and okay I'm I'm looking for shorts to the downside with this n 1930 to 2030 range but then I can see here that at an Mae of 0.1 meaning 0.1% of draw down of this of this specific entry we have hit 0.1% of of draw down 60% of the time out of6 days we can see at0 2 we've hit 43 2% of the time we've came to here half a uh 24% of the time we've came to here right so by we we can see all of these different levels and the probability of them being hit when this range is open and then to the flip side of that we can also see in this MF here Max favorable Excursion we can see what is the statistics of price in favor of going to towards the opposing side of the range and then how much at a bare minimum you can get a probability of being hit so if I put this to like let's say let's say I go into replay mode here and let's say I'm live in the markets and I just want to see what's the average that price uh goes I don't know 20.25% in favor of whatever side whether it's Longs or shorts so you can see here 78.4% of the time in the past 125 days we have at a bare minimum got a quarter of a percent in favor of the trade of of me going long or short because I have both long and short selected if I just wanted to see shorts I could deselect long only see shorts and now I see in the past um well it's measuring 125 days but now it's going to say 71 sessions because of all of those 120 some days only 71 were short and so of all of those we' we've gotten 71 shorts and of all of those shorts we've only went uh we've went 7.42% of the time to this level okay so you can break this down and get very specific so that way you have that data uh to understand where price is most likely going to go so you can use all of these data points just like how I do with midnight using all of the data points of the opening hour hours midnight all that stuff to tailor my risk all right and we're doing the same thing here you can tailor your risk around all of these different data points then back test it then forward test it and then see how you could tailor risk to all of these uh data points so with all of that being said I know this is a lot with with Boomerang uh drop some questions on what you guys got from this stuff muting myself for the unforeseeable future don't want to get in trouble with get out of here Scott I love I love your I love I love Scott being Scott so lost right now well ask questions man I can't help you if you just say you're lost and again it's it's normal to feel overwhelmed right there's a lot going on here make sure you take your time this weekend this is just me giving you all exposure to this I don't expect anybody here to be 100% the moment I explain this stuff but in very simple terms and to summarize everything okay Boomerang ranges and why we call it a boomerang is because obviously you throw a boomerang it comes back to you this is a mean reversion model where when we come to one side right it's we're boomeranging back to the other end so in this case here we break to the upside boomeranging snapping back to the other side it's it's taking advantage of the of the philosophy and the thesis that we range more than we Trend right we statistically do this intraday more than we do uh than we do this right here right where we just create a range and then just break away from it so we're trading the optimal areas so maybe this will help kind of connect the dots Boomerang ranges in a very simple form are you taking and studying certain anchors of time where specifically we create this range right here to take advantage of the highest statistical relevant ranges that you can build a profitable risk profile around very simply put right you're finding a specific range of time that has a consistent relevance of doing this right here where it breaks away from one side snapping back to the other and then your goal is to find the puzzle the puzzle that you're you're going to solve is where do I want to take advantage of these averages of when price and how far price moves against this range where do I want to deploy risk where do I want a dollar cost average into where do I want my target profits to be because guess what there's hundreds of ways you can even go about this you just have to stick to one some people trade these Boomerang ranges they'll add entry a on top of this so you see how I have my entry AES here and you know what they'll do is they will use entry AES to scout distribution trades with the range trade so they'll see that we're bearish because now they'll think of it like using midnight right midnight you you're short above and your long below they want some people like I know Eddie he'll trade the Asia range where we break out to the upside and then he'll wait for a bearish entry a a bearish distribution for a 10-point scout right so right here you see how we broke Above This Asia range and then boom you have a bearish distribution at 2149 well if you know statistically 80% of the time we're we're going to come down to this level and then you also can take this MF and you can see statistically where are we most likely going to go and at what point you can see if you did a 10-point scout a 10o distribution right here for again speaking in NASDAQ 10 points is relative obviously to the asset you can see we have an 80% chance of just coming to here and so if you wanted to structure this into a distribution trade well look how look how consistent that can be because you shoot for a 10-point scalp with statistical relevance to the downside you know where most likely your draw down is going to be there's there's so many combinations you can use with these you can even use these Boomerang ranges not even to trade with you can just use them like I do with the Asia range I don't trade the Asia range I use this area here that if it fails to get retraced by Asia and London this is an 80% probability that I carry on into New York so there's there's a lot of different ways you can use this tool to see where price is most likely going to go where price is uh less likely to go before going to a certain area you can use it as an actual um model to deploy risk with and and at what levels to deploy risk so does that make it a little bit better I guess Alpha does that clear some confusion all right I'm G to keep on going in the chat here NJ if you guys ever see him in the back testing sessions he does some neat stuff with it and has a good got to watch and learn from for this tool and obviously Quantum yeah and Fa shared the boomerang ranges explained right there which again goes over that very in depth and has like five different videos on just that one um dumb question where's the entry so the entry there there's different ways that you can even go about entering these boomerangs that's why like the bare minimum the entry candle is when price breaks one side of the range right so if you're looking at my chart if you were to let's say trade the one minute time frame of this specific range you could choose to enter as soon as price breaks out because sometimes you will notice these breakout ranges when we break out it sometimes they take on very little draw down and it just I mean you can Target the opposing side and it'll take on very little draw down so to take advantage of those quick trades um what a lot of people do when they're building risk profiles around this is their first entry is that break out of that candle so you see how there's a red red arrow and then that the the candle even turns red that's the entry candle for some people now some other people what they'll do is they will find they'll use this little Mae tool and then they'll also use uh the dashboard that Quantum fa and NJ have been building and if you guys need access to that again make a support ticket the dash board will show you historical statistical data on these ma levels and so what some people do is they will find where is the highest common Mae so let's say I want to find what at least 50% of the time we're going to go to right so I can use this little Mae tool and let's say I was trying to find at a bare minimum where are we going at 50% of the time and so you can see right here roughly 50% of time we're going to get to 08 per of this so you could either structure it a to enter on the entry candle then dollar cost average here with this with the same TP or B you could say you know what I'm okay missing out on these very quick trades because I don't like taking on this much draw down and I want to give myself even more room to breathe and you could wait until price comes to 50% of the time and then answer right like there's so many ways you can build an entry process around this you just have to research this back test build a profile around it and then do it day after day without any Interruption okay just like listen to recording and just to answer the people because I've answered them like three times in the chat the quantum Boomerang is coming to [ __ ] soon to be able to be claimed it's GNA be today oh it's today okay there we go now we have the timing on it um and then important news there's a Google sheet in there if you're looking for the dashboard you fill that Google sheet in and open a ticket and I will get you fixed up um timing of that just depends on when I'm available cuz I got family whatever weekends I'm going to have to leave now so just so you know you're on your own but I know you can handle it um and thanks guys I I just because I'm leaving I'm just going to say thanks keep up there's lots of great things everybody said here this group I've been here a year and a half and I was jumping around from place to place um about six during my first six months of being here and after a lot of banging my head against the wall with a bunch of different places I finally decided nope I'm settling with one place so this is my home and um I can tell you it was the best decision for me and has made me into a profitable Trader over the last since February I guess is I'm still working at it I'm still going through ups and downs I'm still going through losses here and there that cause me time uh losses I guess if you will where I go back and have to re-qualify for accounts and all that stuff um which sucks it feels like crap but it's part of my Learning Journey and everybody's going to have a different kind of feel for all of this so please uh keep it up if you have questions if you're banging your head against the wall reach out to anybody reach out to the group chat we're all uh very supportive and uh we all a lot of us like Austin like myself like uh datam man everybody we love to help and we love uh seeing everyone success so if you're having troubles don't hesitate to reach out to us we'll always be like everybody said accepting in this group um we want everyone to win we get joy out of everybody winning and not just ourselves um so yeah anyways I'll leave you all to that I got to go do some stuff with the wifey and uh enjoy the rest of the session fck it's a good dude in here so annoy him with as many DMS as possible he actually requests that no I'm joking you can you can annoy me in tickets that's easier probably make tickets please and that and that's that's another thing guys please if you have questions please do not DM us I don't say that because I hate you I say that because if you have a question there's most likely other people that has questions too and so when you ask something in the chat and also you may get it answered quicker than dming you because I have so many DMS that it just makes it very complicated versus you just asking it in the group either myself or somebody will get with you and then other people will see it and they'll have the same question and it just makes it a lot easier and priv and if you do really need to ask something more privately the ticket is probably the easier way too because at least I see the those as well cuz Austin's DMS get stupid because of all the freaking well you guys have seen all the copycats of him so open a ticket often times I can answer it in 2 seconds whereas you might be waiting a week for Austin I know I've had that issue myself personally so all right bye guys enjoy have a good day pocket have a good weekend all right uh let's see let's see let's see other questions drop or raise your hand raise your hand or drop question Alpha what's up after you raise your hand what's up Alpha what you got hey I I was just writing it but I might as well just ask you in person yeah um so I mean as per usual on the pack on the wolf pack I know there's nothing written in stone I know that but for me to like wrap my head around this uh yeah indicator super nice you create a range essentially here we're looking at Asia I'm assuming oh okay well my questions are invalided now God damn it um but essentially this like once you get into your trading kill zone or whatever like when you want to be trading you would uh if you take out the high you would be looking for short shorts with statistical probabilities to TP and or or essentially targeting the lows am I kind of wrapping my right when range right that yeah you look for the mean yeah statistical that has a high statistical relevance of being retraced the next goal is to see how you want to basically take advantage of that of that data whether you just want to use it as a a point of reference you want to trade around it by either trading the break the the breakout reversal whether you want to build a dollar cost average approach and find at which areas you want to then take advantage of this reversal whether you want to use INRI AES to take Scout toward that reversal that's where you have to kind of like you said what is the 80% the green line what is that this is the MF so when you go into the settings here you see how it says MF and Mae these red lines so the Mae is again Max adverse Excursion very fancy word for pretty much the draw down of of the move because in this case here we're DCA yeah DCA but these can be your DCA but what these levels are is the the average movement against the the direction we're we're targeting the mean against the mean yeah and then the the MF is Max Max favorable maximum favorable Excursion so in favor of the direction that we're what we're studying so in this case here if we get a short this is 80% of the time what it's telling you is 80% of the time at 0.1 because I have 0.1 here you're going to get a Max favorable price movement to at a bare minimum this level 80% of the time because you have a short here towards it so it's towards short and it'd be the same thing if you get a long then this would beable to the upside so the MF is again like a piece of the puzzle that each and every one of us has to like test see what resonates with with individually right yeah like the m is just it's just a a tool across everything else right some people shoot for the opposing side of the range and they don't really necessarily look at the MF some some people just use this MF to see okay once we do get a breakout what's the highest probability price movement towards the opposing side and so you have like a range of where price most likely is going to go like this is just an a way that you can again interpret when this range is going to revert what's the highest areas of price retracing at a minimum before even hitting here just like how with midnight I love it we we we use those statistical profit targets right we don't shoot towards midnight so we know statistically 0.12 to 0.13% is what I shoot for that's the MF that I'm shooting for but the actual Landmark the statistical directional Landmark is midnight so in this case here it would be whatever the opposing side is the landmark and some people shoot for the entire Landmark while some people just shoot for an average so so as an average Trader kind of like transforming my mind into a Wolfpack Trader mind hive mind um the I love it because it's like so many ways to skin the cat but it's like none of them are right or wrong like the the MF could be essentially a take profit on your position and then I mean yeah you could break even and yeah so many ways to skin the cat amazing amazing so many people they'll average in and then once they hit a certain level of averaging in using these they'll have a um a rule built into their risk management where instead of shooting for the opposing side because they're so averaged in here they'll just move their target to a certain dollar figure versus targeting the other side right because now you've built such a heavy position here that you don't even need price to get to the opposing side to hit a certain High number you're happy with you know something like I don't know 20 points instead of the just the hosing side so it's there's a lot of different ways exactly like you said you can skin the cat with this so nice I mean I'm assuming with what you have found personally the the MF or the green line would be like3 % well this can be whatever th this is very subjective to the range don't it's it's not a generic point it all depends it's whatever thank you thank you man yeah for sure because you can also this MF also will you can extend it even beyond the range so something that Quantum you you'll see him do is sometimes people because some people they'll trade five minute ranges this you guys got to understand this is a whole hour and I'm just using this one range as an example um some people are trading like five minute ranges and so if I put let's say n if I put uh if I put 2045 to 2100 and I make this a just a five minute range or I'm sorry 2055 to 2100 this is a f minute range and so this five minute range you can see the past 15 days been 100% And so but you would have to but You' have to ask yourself um am I am I willing to risk for 10 and a half points because these ranges are going to averagely be smaller do I want to risk you know let's say a thousand bucks or whatever your risk profile is if price yeah you're budget your expense yeah yeah budget do I want to risk losing eight to a thousand bucks for a 10o gain well that's up to you so instead of targeting the opposing side you can use this MF to see well what's the probability of when we hit the opposing side going beyond the opposing side and having a a deeper profit Target you can see well shoot 93% of the time yeah very we have came well beyond the target of the opposing side we've came all the way down here and so now your risk structure makes a little bit more sense to risk you know x amount of money to make a certain amount because 93% of the time we're going to get here and you can see obviously price uh eventually gets there to that level right there and because statistics do so that's another additional way you can use n dude and and with the Reps is where you will answer if on the long run this makes sense at as a on a business standpoint to risk 500 800 bucks how you said with this take profit on the longer run yeah just like how I said here with this little thing now you have to put in 500 reps of this specific five minute range going at exactly what level of draw down to you want to keep on averaging into to exactly the the Target mfb that you want to choose and then now you have to go and do this again yeah 500 600 7 you have to then go and see and battle test that risk structure to see if that makes sense for you long term so you're able to see what losing looks like you're able to see what your average losing streak is your average win streak the average profitable the expectancy all that stuff I I guess you could judge me as lazy but what what I battle with on this right on that right there and I mean uh I don't care but I mean judge judge judging is just a natural human thing but um with the back testing thing if you for me I I like being very mechanical because I personally it's just how I like to operate because I if I leave emotion uh I'm usually very like a firecracker personally so emotions rule me then they will rule me and I will blow that accounts so I try and like cut it off the root you know the the uh and if you start back testing and you're you're targeting like 500 back tests and you set like a rule like a set of rules and then 100 100 back tests done and you're like well I'm seeing this repeat more and then you you kind of like start tweaking and I guess that's that's the the whole path that we each have to go through that's a part of the rep right that's a part of what you have to do so that's why I tell you guys to do that many reps it's not that you it's G to be cut and dry the same thing every 500 times but yeah like the first hundred times you're going to see and notice little nuances that you're not going to notice by just looking at the strike rate or just looking at the probability of price going to here you're going to know notice stuff we're just we're built in our DNA to do that so when you go through that process that exactly like you said you're going to find those little things and those little like hey I'm turning this five minute range and I'm noticing when we go to 0.88% uh to to DCA here I'm also noticing that it starts to move even more aggressive uh towards my profit around here so maybe I just instead of shooting for the opposing side and I'm averaged in I pull my profit up like these are things that you're just going to naturally notice once you become very in tune with a specific range um that you trade like for example uh nij created uh what's called the silver sunrise and the silver Sunset just a silver Boomerang range that as soon as Market opens the silver Sunset and same thing it's a very early New York range silver Sunrise so he we've noticed that it it just dude I don't know what it is it's it's silver loves to just it'll just tick denight it will come to exactly where those opposing ranges are and to the tick it'll just hit that other range but it won't feel you because silver isn't like NASDAQ where you know it you get these beautiful feels because there's a ton of volatility silver doesn't move as fluid as NASDAQ does so sometimes you'll see price ticking to the to the tick the opposing side of the range that we trade and it just doesn't f that order so that's something that you you will notice as you become more intimate with that specific range that uh you can adapt your risk structure too but it won't be until you put in that time both in back testing and for you're gonna notice that new one got you got you I mean for example there like if you start doing the back testing and you get like under your belt 200 back tests and you start seeing the pattern of uh when I let's say example here if I go into that red arrow and I start with one short and I start seeing the pattern that most of the times when we break out of the range we take some heat of negative 0.08 uh then I could and if it's 200 trades and I'm seeing it I could essentially personally take a decision where I'm not going to start DCA or entering until that that is that rule set that condition is met and I start dcing instead of that first Mae on the second one that would give you a better um statistical Edge in terms of your what you're making and what you're risking I better feel I don't know makes sense yeah there's there's tons of different things you can when you back test this stuff yeah this is fire thank you absolutely man first joined I found it hard to even know what you watch this recap videos as possible yeah yeah those join as many of those as you guys can because that will also help as well uh then just back test as much as you can it takes time but it's very achievable and everyone is super helpful yes thank you for sharing that Feast um Imark says is someone also so very new I will say that the boomerang is great uh but requires a lot of back testing I have been testing different ranges and you can get very different outcomes depending on the adjustments that you make DPA closing and profit uh and the number of contracts used exactly yes uh would say no one should use this without putting in the work yeah I mean dude you gotta you gotta understand these ranges you can't just go in you see a high strike rate of whatever and then just close your eyes and long or short you have to have a risk structure that goes for any way that we trade but yes even more so with these Boomerang ranges you guys have to study this stuff and and have that business plan like the back of your hand and that's why we have the Pack Playbook so you guys have this indicator it's already on your W you should be able to already claim it it's why we have the Pack the pack Playbook indicator you can put whatever you want into here you can call this whatever you want and you can track your different ranges you could put uh silver silver sunrise and then put what the range is 18 1645 to 18800 is the range and then I'm dcing at XYZ and then on the actual cell I can put uh Monday I'm doing this or you know I mean like you can you can input whatever you want in this indicator and then just have your playbook sitting there and you are just ready to execute once you have built your playbook of what you want to do whether it's midnight these ranges whatever and now you have every single day what you're going to be doing so use every tool we have here uh use it I'm telling you make your life as simple as possible other question uh I think I've seen an alarm pop up on your screen when an entry a appears how do we set that up so go to your entry Aid dros um I don't have the entry a dros indicator on but it's the same thing so you see I have wolf Suite entry a you can go to your entrya dros you can go to your wolf Suite doesn't matter I know a lot of you guys have the wolf Suite One the wolf Suite indicator so when you add this it's going to have when you first add the wol suite indicator it's going to have all these different ones on your chart again guys I gave you access to the wolf Suite just has like you can see all the different stuff that I've done and made you don't have to use any of it you can turn every single thing off and just have entry on if you add the wolf Suite to your indicator because you didn't really go over any of this stuff but that's the only one that you you really need and then you can click these three dots click uh I'm in replay mode so I can't do it in replay mode so okay make sure you're not in replay mode click the three dots ADD alert um it should already be selected on NASDAQ make sure you're on the right time frame because if you're on another time frame it's only going to give you alerts on that time frame so make sure you see up here whatever time frame you want the alerts to be on so if you're trading like let's say midnight or the ranges or whatever be on the one minute time frame then you're going to click it here once per bar name it whatever you want put the message to whatever you want make the notifications however you want if you want them to just pop up on your desktop you want to send as a text message whatever put it here click create and then when you click create you'll get those pop up and then do the same thing right so when you click ADD alert and it says green you're going to make another one and then do it for the red one and then you'll have alerts for the for both of them you are welcome all right any other questions either ra minutes on record we have been going now for almost three hours so you guys it and not please please please please drop any questions because now it'll be recorded I understand if you're not a professional and you're not an expert but do you at least understand the basics you understand that we're just trading the reversion of a specific range you understand the statistic of not only the MF but the the M the Mae and how you plan to to study these ranges and design risk around it where you're going to place your TPS your stop losses what the range does um all of that stuff uh Alpha you raise your hand again there you go you're welcome one day at a time what's up um no I just want to say I I love you all and uh last question maybe this is this might uh help others as well the the ranges um those ranges can be anything I mean me personally I I would like trading New York the ranges are going to be per individual and the whatever they back test right anything okay absolutely anything and then if you guys see my screen I have two different screenshots here on this chart um of literally just a visualization of these ranges right so like you can see here's NASDAQ and the dashboard that you guys are going to have access to which again there's in the announcements Channel you'll see how to get access to it you can build statistics around anything and so you can see with the NASDAQ this heat map right here represents literally the darker the red the higher the strike rate of every single five minute range known to man between midnight Market open to Market close um the the the primary time to trade a reversion to NASDAQ and you can see literally from the start of Asia to the close the closing bell of New York three4 of price action is prime mean reversion that's why all of this is dark red you and again you'll see all this when you go on the dashboard but like if you zoomed in you can't really zoom in on this picture because it's a screenshot but each one of these little sales is a five minute period of Time Each having their own different average trade durations average Naes all of that stuff but at the end goal until the end of the day you can see they're retraced more than they're not and then obviously as we move into that to the market open and then to lunch and then Power Hour the more trendy or single directional that the that that markets move while three4 of the time we break from one side of the range and go to the other side of the range so there's tons of opportunity there's tons of different configurations and hours that you can use you just have to stick to a couple of them just like how it is when you trade midnight and everything else thank you are welcome L the concept but also need exactly yeah I don't when I ask you guys if you understand I don't ask like hey you experts now but you got a general foundational understanding plus there's tons of content I literally made it to where you have every single learning style in in this Discord I have every single type I have auditory so these videos and then I have visual aka the videos I have text so in the complete beginner guide it goes down and breaks down everything we went over today so you have every different learning style available for you and you can watch the videos while even going through the Forum I have it separated between every single step please go through every step do not just be a 90% shiny object Tick Tock brain person and go straight to the the strategies everyone's G I'm telling you if I could see a distribution of clicks I could promise you there's going to be probably more clicks on the strategy stuff than there would be on the mindset the psychology how to build a foundation all that stuff and if you sleep on it you're going to fail you're going to make stupid mistakes go through every step methodically and understand every step when you go through the complete beginner guide go to step number one I don't care if you think you're an expert at trading view at least read through it and see if you learn anything that you didn't know before go to step two I don't care if you've been trading for 20 years there's probably something terminology wise that maybe you still learn then go to step three where we break down the New York sessions and exactly how I go go break down my analysis an execution example with DCA and single entry then go to step four where you understand um the the Arie model going through the London session then go to step five where we go over exactly what I just went over with Boomerang ranges and also there's uh videos in each of those uh steps that complement exactly what I go over so there's four different videos five different videos for the boomerang ranges then step six putting putting everything together step six is probably one of the most important ones because after you learn everything when you go to step six now I gave you guys literally a template to just copy of how to put everything into so if you're just learning and want to get really good at midnight take midnight retracements and distributions and then once you go to step six make an actual plan that you can quantify and you can say okay starting at cycle one just to learn and be good real at at midnight retracements I have to do back test 100 150 to 200 back test then I have to J blah blah blah like take that that step six is for you to do for everything once you want to learn how to do boomerangs midnights distribution the way Matt Mickey does ninet to-5 boxes however you want to trade you have to do that step six for each of those so that way you have a full understanding that that step six should break you from crawl walk run phase every single way that we trade then go into the pack road map the pack road map will explain the expectation management of what how you should kind of gauge your uh Journey throughout how we trade here in the pack so when you click the pack road map you have the Pack road map of even just expectation management so when you get through one through four two months of being in the pack three months being in the pack four months being in the pack five months and all of this is relative it may take you long longer it may take you quicker who knows but either way you have kind of like a sliding scale of how to gauge yourself and and where you're at in your journey so make sure you use everything every part of this Discord um to your advantage to understand what we do here nobody if you give this an honest shot nobody within a month should still be confused on any part of this in a month time you shouldn't be asking me where I'm placing my stop loss on a boomerang Tri in a month's time you should not be asking me uh what's in between data where where do I put increased risk on that stuff because you should have so much at your disposal to go through the process that it it should just be second nature second nature second nature okay all right we're here we're here we're here this is where I put my entry this where average in this where I place my stop pretty much any screenshot when you go into the market open the ranges start to become less reversion and more breakout pretty much yes thank you Costa and random guy for coming into the pack and and do with with uh the can't I are on your oh my and and re and real quick guys um for a lot of you guys Quantum Wix is actually in here I believe fa is in here also when you guys are looking at certain things like when we're posting please don't only look at the 100% because the 100%'s also lose like every time I post every time I post that um that uh shot that that screenshot of a specific range everybody always is so quick to go to the 100% because you assume quotequote that you're not going to lose those 100% also get smoked so no matter what that 100% says it's still going to be your job again right back to what I said earlier your job to have some sort of risk profile around this range it doesn't matter that it says it's 100% that 100% will get will get smoked eventually right they don't always stay at 100 you will take a loss and Etc so make sure that you're sitting there and even though it says 100 you go back and you at least back to 60 to 90 days of that range that you're um looking at manually because you can get all the information you want and it can show you dots and show you everything else but now you don't have no feel for how the H how the how the trade can play out right and so um I usually I I just started again up yesterday but I usually do I'm usually in here a lot and you guys can always come into the into the groups and see what what I talk about and I explain and I answer any questions that I can but please please please please um I've seen this over and over repetitively everybody always looks at these 100% things and they assume that with that 100% they're going to become millionaires that's not really the case that will be the day that you trade that without back testing it without knowing more or less when you can get in and get out early in case you're not on the safe side and then you're going to blow your account or you're going to over leverage thinking that you're okay and obviously since you didn't back test it that's when the injuries come to you right so I'm just putting that out there because I already one post you did and then one person boom take a full picture of the 100% And um it's just happen repetitively over and over so it's not always good when you don't build your own risk around this stuff so yep stri trading a 20% strike rate range that's goofy but just like what Johnny said even 100% will lose lose the 100% just means that that range is very consistent but you still don't know how average that the the average points because guys if if the average range the size of that range is Five Points NASDAQ sneezes and moves 20 points so naturally a range we'll have could could absolutely be a 100% probability but if the range is two points and it takes five seconds to fulfill that range then but but it could take on let's say 8% Mee before fulfilling that because it's just in a moment of time that price likes to move before fulfilling that range and you're just blindly seeing a 100% you put 10 Minis on it you're G to get smoked exactly what Johnny saying because you don't know the context behind that 100% but if you find a range like what we find sometimes right where you find an 80 to 90% strike and it has an average nice amount of range and it has a good trade duration and it experiences very low Ma you put all of those pieces together to find and to tailor how you want to gauge risk around that range but it's still but uh you never want to just yeah get star struck by a 100% and be like yeah I'm I'm putting all the money on red because it says that all right I don't see any oh Cobra Cobra says uh so the boomerang trade the boomerang is a trade system whereas the Nancy is a trade setup yeah that's honestly perfect a perfect way of how I would explain it we like to call the midnight trade sometimes we call it the Nancy setup midnight snap I don't care what you call it midnight retracements is exactly that it is a setup specifically starting at 8 am. EST to 11 am 11:15 a.m. EST I'm trading the reversion back to midnight Boomerang ranges is a system that you find the statistics for wherever you want to place that system and then tailor the risk to that absolutely all right I'm going to stop the recording

all right so I'm going to break down the quantum Boomerang now you're going to see this too when you guys go through the complete beginner guide none of this is like it's not like midnight right where hey I do midnight doing this and that this isn't a cut and paste you just do it at this time the boomerang and the quantum Boomerang is an amazing tool that you can use in so many different ways that honestly just one little video isn't even going to do it justice so please make sure you guys go into the complete beginner guide section and and uh watch one watch all of the videos that Quantum done because this isn't even my tool this is made by Quantum Wick you see him in the audience and you'll see him from time to time in the chat and you also have a whole section called Quantum boomerang in the pack side that you see here that you can go and ask him questions and talk about with in the boomerang chat so uh I will never do it as much justice as obviously the creator of this but I can go over what experience I have and what I personally use with the boomerang so the example I'm going to go over doing this and showcasing all this is just the 1930 to 2030 range because this is a very common range that a lot of pack members use either to trade off of or to carry on into New York because you guys will hear me from time to time when we're trading the the midnight retracements I will use this range if it hasn't been retraced during Asia and London why because historically 10 plus years of data if you measure out the 1930 to 2030 range 10 plus years it's about an 80% accuracy that by the end of day tomorrow so at the start of the market here to 1600 when market closes this opposing side so if price breaks the upside the opposing side has an 80% chance of being hit from the moment price breaks to the end and then vice versa like if price broke the bottom then the top side has a high probability being hit and so on and so forth so I'm going to be going and using this range to kind of go over everything but just know it's not just one specific range it's not one specific there's no everyone DCA here or anything like that it's here's the foundation then you go take this and run with how you want to build your risk profile around it so how the boomerangs works so at the start and stop time of whatever you input here okay what this is going to do is it's going to draw the highest and lowest point just like the tenacious Dro does all right uh just like the the dro does of drawing the highest and lowest point but then the range extension time is then once this range is formed what when is this going to then start looking for the potential reversion to the other side so you can see here I have 1930 to 2030 and then 2030 to 16 so what I'm telling this indicator to do is now starting at 2030 to the end of the next day I want you to start finding when price breaks to either side uh the the reversion the mean reversion to the opposing side of the range so if I put let's say I don't know uh 2100 you see how there's a 30 minute Gap here so it's not going to look for the break until a 30 minute gap between when that range starts to when this starts so if I put like say midnight you're going to see this is going to go away and it's not going to look for a reversion until price breaks starting at midnight but we'll just keep this to 2030 for Simplicity purposes so when this range is formed and when when this range is broken to measure when that's going to be ma percentage so what this is is this is showing the indicator and showing you statistically so if I go to like let's say the 15 minute just to get more days because on the one minute again you're not going to have that many days uh due to how many candles you have on the chart but if I go to the 15minute time frame and now we have 126 days of of data we can actually see here if I put 1% what this is telling the indicator is at Max I want you to tell me the strike rate of this range being hit between whatever limits I say here at a Max distribution or a Max Mee or Max adverse Excursion of 1% so what we're telling it is hey when price breaks outside of this range I want you to measure the strike rate price can go all the way 1% worth away from wherever this you know entry is before hitting this opposing side okay so what this is saying right now is 82% of the time in the past 126 days we have hit before hitting 1% we have hit this opposing side 126 times or 100 82% times 82% of the time out of 126 days so if I put 0.5 you can see this is going to dramatically go down but that's still pretty good right with a half a percent of potential draw down which is right here we have still hit the other side 74.6% of the time and so the goal with these Boomerang ranges of whatever you decide to use and study and build risk around is you can take the probabilities of not only price hitting the opposing side but how big the range is again this is all uh indepth went over in the in the Forum post how big the range is how long does this trade have to actually get hit the Maes which are these red lines here that you can manipulate now with these Maes like I said max adverse Excursion so if you're going short what's the average price goes against you to the upside and then if you're long let's see if we can find a long example so like right here what's the probabilties the price going against you to the downside so we can see here and then we can use all of these factors to build a risk profile around so if I know right if I'm just sitting here looking at this and again this is just a small sample of a large data set that you want to collect obviously but if I was sitting here and okay I'm I'm looking for shorts to the downside with this n 1930 to 2030 range but then I can see here that at an Mae of 0.1 meaning 0.1% of draw down of this of this specific entry we have hit 0.1% of of draw down 60% of the time out of6 days we can see at0 2 we've hit 43 2% of the time we've came to here half a uh 24% of the time we've came to here right so by we we can see all of these different levels and the probability of them being hit when this range is open and then to the flip side of that we can also see in this MF here Max favorable Excursion we can see what is the statistics of price in favor of going to towards the opposing side of the range and then how much at a bare minimum you can get a probability of being hit so if I put this to like let's say let's say I go into replay mode here and let's say I'm live in the markets and I just want to see what's the average that price uh goes I don't know 20.25% in favor of whatever side whether it's Longs or shorts so you can see here 78.4% of the time in the past 125 days we have at a bare minimum got a quarter of a percent in favor of the trade of of me going long or short because I have both long and short selected if I just wanted to see shorts I could deselect long only see shorts and now I see in the past um well it's measuring 125 days but now it's going to say 71 sessions because of all of those 120 some days only 71 were short and so of all of those we' we've gotten 71 shorts and of all of those shorts we've only went uh we've went 7.42% of the time to this level okay so you can break this down and get very specific so that way you have that data uh to understand where price is most likely going to go so you can use all of these data points just like how I do with midnight using all of the data points of the opening hour hours midnight all that stuff to tailor my risk all right and we're doing the same thing here you can tailor your risk around all of these different data points then back test it then forward test it and then see how you could tailor risk to all of these uh data points so with all of that being said I know this is a lot with with Boomerang uh drop some questions on what you guys got from this stuff muting myself for the unforeseeable future don't want to get in trouble with get out of here Scott I love I love your I love I love Scott being Scott so lost right now well ask questions man I can't help you if you just say you're lost and again it's it's normal to feel overwhelmed right there's a lot going on here make sure you take your time this weekend this is just me giving you all exposure to this I don't expect anybody here to be 100% the moment I explain this stuff but in very simple terms and to summarize everything okay Boomerang ranges and why we call it a boomerang is because obviously you throw a boomerang it comes back to you this is a mean reversion model where when we come to one side right it's we're boomeranging back to the other end so in this case here we break to the upside boomeranging snapping back to the other side it's it's taking advantage of the of the philosophy and the thesis that we range more than we Trend right we statistically do this intraday more than we do uh than we do this right here right where we just create a range and then just break away from it so we're trading the optimal areas so maybe this will help kind of connect the dots Boomerang ranges in a very simple form are you taking and studying certain anchors of time where specifically we create this range right here to take advantage of the highest statistical relevant ranges that you can build a profitable risk profile around very simply put right you're finding a specific range of time that has a consistent relevance of doing this right here where it breaks away from one side snapping back to the other and then your goal is to find the puzzle the puzzle that you're you're going to solve is where do I want to take advantage of these averages of when price and how far price moves against this range where do I want to deploy risk where do I want a dollar cost average into where do I want my target profits to be because guess what there's hundreds of ways you can even go about this you just have to stick to one some people trade these Boomerang ranges they'll add entry a on top of this so you see how I have my entry AES here and you know what they'll do is they will use entry AES to scout distribution trades with the range trade so they'll see that we're bearish because now they'll think of it like using midnight right midnight you you're short above and your long below they want some people like I know Eddie he'll trade the Asia range where we break out to the upside and then he'll wait for a bearish entry a a bearish distribution for a 10-point scout right so right here you see how we broke Above This Asia range and then boom you have a bearish distribution at 2149 well if you know statistically 80% of the time we're we're going to come down to this level and then you also can take this MF and you can see statistically where are we most likely going to go and at what point you can see if you did a 10-point scout a 10o distribution right here for again speaking in NASDAQ 10 points is relative obviously to the asset you can see we have an 80% chance of just coming to here and so if you wanted to structure this into a distribution trade well look how look how consistent that can be because you shoot for a 10-point scalp with statistical relevance to the downside you know where most likely your draw down is going to be there's there's so many combinations you can use with these you can even use these Boomerang ranges not even to trade with you can just use them like I do with the Asia range I don't trade the Asia range I use this area here that if it fails to get retraced by Asia and London this is an 80% probability that I carry on into New York so there's there's a lot of different ways you can use this tool to see where price is most likely going to go where price is uh less likely to go before going to a certain area you can use it as an actual um model to deploy risk with and and at what levels to deploy risk so does that make it a little bit better I guess Alpha does that clear some confusion all right I'm G to keep on going in the chat here NJ if you guys ever see him in the back testing sessions he does some neat stuff with it and has a good got to watch and learn from for this tool and obviously Quantum yeah and Fa shared the boomerang ranges explained right there which again goes over that very in depth and has like five different videos on just that one um dumb question where's the entry so the entry there there's different ways that you can even go about entering these boomerangs that's why like the bare minimum the entry candle is when price breaks one side of the range right so if you're looking at my chart if you were to let's say trade the one minute time frame of this specific range you could choose to enter as soon as price breaks out because sometimes you will notice these breakout ranges when we break out it sometimes they take on very little draw down and it just I mean you can Target the opposing side and it'll take on very little draw down so to take advantage of those quick trades um what a lot of people do when they're building risk profiles around this is their first entry is that break out of that candle so you see how there's a red red arrow and then that the the candle even turns red that's the entry candle for some people now some other people what they'll do is they will find they'll use this little Mae tool and then they'll also use uh the dashboard that Quantum fa and NJ have been building and if you guys need access to that again make a support ticket the dash board will show you historical statistical data on these ma levels and so what some people do is they will find where is the highest common Mae so let's say I want to find what at least 50% of the time we're going to go to right so I can use this little Mae tool and let's say I was trying to find at a bare minimum where are we going at 50% of the time and so you can see right here roughly 50% of time we're going to get to 08 per of this so you could either structure it a to enter on the entry candle then dollar cost average here with this with the same TP or B you could say you know what I'm okay missing out on these very quick trades because I don't like taking on this much draw down and I want to give myself even more room to breathe and you could wait until price comes to 50% of the time and then answer right like there's so many ways you can build an entry process around this you just have to research this back test build a profile around it and then do it day after day without any Interruption okay just like listen to recording and just to answer the people because I've answered them like three times in the chat the quantum Boomerang is coming to [ __ ] soon to be able to be claimed it's GNA be today oh it's today okay there we go now we have the timing on it um and then important news there's a Google sheet in there if you're looking for the dashboard you fill that Google sheet in and open a ticket and I will get you fixed up um timing of that just depends on when I'm available cuz I got family whatever weekends I'm going to have to leave now so just so you know you're on your own but I know you can handle it um and thanks guys I I just because I'm leaving I'm just going to say thanks keep up there's lots of great things everybody said here this group I've been here a year and a half and I was jumping around from place to place um about six during my first six months of being here and after a lot of banging my head against the wall with a bunch of different places I finally decided nope I'm settling with one place so this is my home and um I can tell you it was the best decision for me and has made me into a profitable Trader over the last since February I guess is I'm still working at it I'm still going through ups and downs I'm still going through losses here and there that cause me time uh losses I guess if you will where I go back and have to re-qualify for accounts and all that stuff um which sucks it feels like crap but it's part of my Learning Journey and everybody's going to have a different kind of feel for all of this so please uh keep it up if you have questions if you're banging your head against the wall reach out to anybody reach out to the group chat we're all uh very supportive and uh we all a lot of us like Austin like myself like uh datam man everybody we love to help and we love uh seeing everyone success so if you're having troubles don't hesitate to reach out to us we'll always be like everybody said accepting in this group um we want everyone to win we get joy out of everybody winning and not just ourselves um so yeah anyways I'll leave you all to that I got to go do some stuff with the wifey and uh enjoy the rest of the session fck it's a good dude in here so annoy him with as many DMS as possible he actually requests that no I'm joking you can you can annoy me in tickets that's easier probably make tickets please and that and that's that's another thing guys please if you have questions please do not DM us I don't say that because I hate you I say that because if you have a question there's most likely other people that has questions too and so when you ask something in the chat and also you may get it answered quicker than dming you because I have so many DMS that it just makes it very complicated versus you just asking it in the group either myself or somebody will get with you and then other people will see it and they'll have the same question and it just makes it a lot easier and priv and if you do really need to ask something more privately the ticket is probably the easier way too because at least I see the those as well cuz Austin's DMS get stupid because of all the freaking well you guys have seen all the copycats of him so open a ticket often times I can answer it in 2 seconds whereas you might be waiting a week for Austin I know I've had that issue myself personally so all right bye guys enjoy have a good day pocket have a good weekend all right uh let's see let's see let's see other questions drop or raise your hand raise your hand or drop question Alpha what's up after you raise your hand what's up Alpha what you got hey I I was just writing it but I might as well just ask you in person yeah um so I mean as per usual on the pack on the wolf pack I know there's nothing written in stone I know that but for me to like wrap my head around this uh yeah indicator super nice you create a range essentially here we're looking at Asia I'm assuming oh okay well my questions are invalided now God damn it um but essentially this like once you get into your trading kill zone or whatever like when you want to be trading you would uh if you take out the high you would be looking for short shorts with statistical probabilities to TP and or or essentially targeting the lows am I kind of wrapping my right when range right that yeah you look for the mean yeah statistical that has a high statistical relevance of being retraced the next goal is to see how you want to basically take advantage of that of that data whether you just want to use it as a a point of reference you want to trade around it by either trading the break the the breakout reversal whether you want to build a dollar cost average approach and find at which areas you want to then take advantage of this reversal whether you want to use INRI AES to take Scout toward that reversal that's where you have to kind of like you said what is the 80% the green line what is that this is the MF so when you go into the settings here you see how it says MF and Mae these red lines so the Mae is again Max adverse Excursion very fancy word for pretty much the draw down of of the move because in this case here we're DCA yeah DCA but these can be your DCA but what these levels are is the the average movement against the the direction we're we're targeting the mean against the mean yeah and then the the MF is Max Max favorable maximum favorable Excursion so in favor of the direction that we're what we're studying so in this case here if we get a short this is 80% of the time what it's telling you is 80% of the time at 0.1 because I have 0.1 here you're going to get a Max favorable price movement to at a bare minimum this level 80% of the time because you have a short here towards it so it's towards short and it'd be the same thing if you get a long then this would beable to the upside so the MF is again like a piece of the puzzle that each and every one of us has to like test see what resonates with with individually right yeah like the m is just it's just a a tool across everything else right some people shoot for the opposing side of the range and they don't really necessarily look at the MF some some people just use this MF to see okay once we do get a breakout what's the highest probability price movement towards the opposing side and so you have like a range of where price most likely is going to go like this is just an a way that you can again interpret when this range is going to revert what's the highest areas of price retracing at a minimum before even hitting here just like how with midnight I love it we we we use those statistical profit targets right we don't shoot towards midnight so we know statistically 0.12 to 0.13% is what I shoot for that's the MF that I'm shooting for but the actual Landmark the statistical directional Landmark is midnight so in this case here it would be whatever the opposing side is the landmark and some people shoot for the entire Landmark while some people just shoot for an average so so as an average Trader kind of like transforming my mind into a Wolfpack Trader mind hive mind um the I love it because it's like so many ways to skin the cat but it's like none of them are right or wrong like the the MF could be essentially a take profit on your position and then I mean yeah you could break even and yeah so many ways to skin the cat amazing amazing so many people they'll average in and then once they hit a certain level of averaging in using these they'll have a um a rule built into their risk management where instead of shooting for the opposing side because they're so averaged in here they'll just move their target to a certain dollar figure versus targeting the other side right because now you've built such a heavy position here that you don't even need price to get to the opposing side to hit a certain High number you're happy with you know something like I don't know 20 points instead of the just the hosing side so it's there's a lot of different ways exactly like you said you can skin the cat with this so nice I mean I'm assuming with what you have found personally the the MF or the green line would be like3 % well this can be whatever th this is very subjective to the range don't it's it's not a generic point it all depends it's whatever thank you thank you man yeah for sure because you can also this MF also will you can extend it even beyond the range so something that Quantum you you'll see him do is sometimes people because some people they'll trade five minute ranges this you guys got to understand this is a whole hour and I'm just using this one range as an example um some people are trading like five minute ranges and so if I put let's say n if I put uh if I put 2045 to 2100 and I make this a just a five minute range or I'm sorry 2055 to 2100 this is a f minute range and so this five minute range you can see the past 15 days been 100% And so but you would have to but You' have to ask yourself um am I am I willing to risk for 10 and a half points because these ranges are going to averagely be smaller do I want to risk you know let's say a thousand bucks or whatever your risk profile is if price yeah you're budget your expense yeah yeah budget do I want to risk losing eight to a thousand bucks for a 10o gain well that's up to you so instead of targeting the opposing side you can use this MF to see well what's the probability of when we hit the opposing side going beyond the opposing side and having a a deeper profit Target you can see well shoot 93% of the time yeah very we have came well beyond the target of the opposing side we've came all the way down here and so now your risk structure makes a little bit more sense to risk you know x amount of money to make a certain amount because 93% of the time we're going to get here and you can see obviously price uh eventually gets there to that level right there and because statistics do so that's another additional way you can use n dude and and with the Reps is where you will answer if on the long run this makes sense at as a on a business standpoint to risk 500 800 bucks how you said with this take profit on the longer run yeah just like how I said here with this little thing now you have to put in 500 reps of this specific five minute range going at exactly what level of draw down to you want to keep on averaging into to exactly the the Target mfb that you want to choose and then now you have to go and do this again yeah 500 600 7 you have to then go and see and battle test that risk structure to see if that makes sense for you long term so you're able to see what losing looks like you're able to see what your average losing streak is your average win streak the average profitable the expectancy all that stuff I I guess you could judge me as lazy but what what I battle with on this right on that right there and I mean uh I don't care but I mean judge judge judging is just a natural human thing but um with the back testing thing if you for me I I like being very mechanical because I personally it's just how I like to operate because I if I leave emotion uh I'm usually very like a firecracker personally so emotions rule me then they will rule me and I will blow that accounts so I try and like cut it off the root you know the the uh and if you start back testing and you're you're targeting like 500 back tests and you set like a rule like a set of rules and then 100 100 back tests done and you're like well I'm seeing this repeat more and then you you kind of like start tweaking and I guess that's that's the the whole path that we each have to go through that's a part of the rep right that's a part of what you have to do so that's why I tell you guys to do that many reps it's not that you it's G to be cut and dry the same thing every 500 times but yeah like the first hundred times you're going to see and notice little nuances that you're not going to notice by just looking at the strike rate or just looking at the probability of price going to here you're going to know notice stuff we're just we're built in our DNA to do that so when you go through that process that exactly like you said you're going to find those little things and those little like hey I'm turning this five minute range and I'm noticing when we go to 0.88% uh to to DCA here I'm also noticing that it starts to move even more aggressive uh towards my profit around here so maybe I just instead of shooting for the opposing side and I'm averaged in I pull my profit up like these are things that you're just going to naturally notice once you become very in tune with a specific range um that you trade like for example uh nij created uh what's called the silver sunrise and the silver Sunset just a silver Boomerang range that as soon as Market opens the silver Sunset and same thing it's a very early New York range silver Sunrise so he we've noticed that it it just dude I don't know what it is it's it's silver loves to just it'll just tick denight it will come to exactly where those opposing ranges are and to the tick it'll just hit that other range but it won't feel you because silver isn't like NASDAQ where you know it you get these beautiful feels because there's a ton of volatility silver doesn't move as fluid as NASDAQ does so sometimes you'll see price ticking to the to the tick the opposing side of the range that we trade and it just doesn't f that order so that's something that you you will notice as you become more intimate with that specific range that uh you can adapt your risk structure too but it won't be until you put in that time both in back testing and for you're gonna notice that new one got you got you I mean for example there like if you start doing the back testing and you get like under your belt 200 back tests and you start seeing the pattern of uh when I let's say example here if I go into that red arrow and I start with one short and I start seeing the pattern that most of the times when we break out of the range we take some heat of negative 0.08 uh then I could and if it's 200 trades and I'm seeing it I could essentially personally take a decision where I'm not going to start DCA or entering until that that is that rule set that condition is met and I start dcing instead of that first Mae on the second one that would give you a better um statistical Edge in terms of your what you're making and what you're risking I better feel I don't know makes sense yeah there's there's tons of different things you can when you back test this stuff yeah this is fire thank you absolutely man first joined I found it hard to even know what you watch this recap videos as possible yeah yeah those join as many of those as you guys can because that will also help as well uh then just back test as much as you can it takes time but it's very achievable and everyone is super helpful yes thank you for sharing that Feast um Imark says is someone also so very new I will say that the boomerang is great uh but requires a lot of back testing I have been testing different ranges and you can get very different outcomes depending on the adjustments that you make DPA closing and profit uh and the number of contracts used exactly yes uh would say no one should use this without putting in the work yeah I mean dude you gotta you gotta understand these ranges you can't just go in you see a high strike rate of whatever and then just close your eyes and long or short you have to have a risk structure that goes for any way that we trade but yes even more so with these Boomerang ranges you guys have to study this stuff and and have that business plan like the back of your hand and that's why we have the Pack Playbook so you guys have this indicator it's already on your W you should be able to already claim it it's why we have the Pack the pack Playbook indicator you can put whatever you want into here you can call this whatever you want and you can track your different ranges you could put uh silver silver sunrise and then put what the range is 18 1645 to 18800 is the range and then I'm dcing at XYZ and then on the actual cell I can put uh Monday I'm doing this or you know I mean like you can you can input whatever you want in this indicator and then just have your playbook sitting there and you are just ready to execute once you have built your playbook of what you want to do whether it's midnight these ranges whatever and now you have every single day what you're going to be doing so use every tool we have here uh use it I'm telling you make your life as simple as possible other question uh I think I've seen an alarm pop up on your screen when an entry a appears how do we set that up so go to your entry Aid dros um I don't have the entry a dros indicator on but it's the same thing so you see I have wolf Suite entry a you can go to your entrya dros you can go to your wolf Suite doesn't matter I know a lot of you guys have the wolf Suite One the wolf Suite indicator so when you add this it's going to have when you first add the wol suite indicator it's going to have all these different ones on your chart again guys I gave you access to the wolf Suite just has like you can see all the different stuff that I've done and made you don't have to use any of it you can turn every single thing off and just have entry on if you add the wolf Suite to your indicator because you didn't really go over any of this stuff but that's the only one that you you really need and then you can click these three dots click uh I'm in replay mode so I can't do it in replay mode so okay make sure you're not in replay mode click the three dots ADD alert um it should already be selected on NASDAQ make sure you're on the right time frame because if you're on another time frame it's only going to give you alerts on that time frame so make sure you see up here whatever time frame you want the alerts to be on so if you're trading like let's say midnight or the ranges or whatever be on the one minute time frame then you're going to click it here once per bar name it whatever you want put the message to whatever you want make the notifications however you want if you want them to just pop up on your desktop you want to send as a text message whatever put it here click create and then when you click create you'll get those pop up and then do the same thing right so when you click ADD alert and it says green you're going to make another one and then do it for the red one and then you'll have alerts for the for both of them you are welcome all right any other questions either ra minutes on record we have been going now for almost three hours so you guys it and not please please please please drop any questions because now it'll be recorded I understand if you're not a professional and you're not an expert but do you at least understand the basics you understand that we're just trading the reversion of a specific range you understand the statistic of not only the MF but the the M the Mae and how you plan to to study these ranges and design risk around it where you're going to place your TPS your stop losses what the range does um all of that stuff uh Alpha you raise your hand again there you go you're welcome one day at a time what's up um no I just want to say I I love you all and uh last question maybe this is this might uh help others as well the the ranges um those ranges can be anything I mean me personally I I would like trading New York the ranges are going to be per individual and the whatever they back test right anything okay absolutely anything and then if you guys see my screen I have two different screenshots here on this chart um of literally just a visualization of these ranges right so like you can see here's NASDAQ and the dashboard that you guys are going to have access to which again there's in the announcements Channel you'll see how to get access to it you can build statistics around anything and so you can see with the NASDAQ this heat map right here represents literally the darker the red the higher the strike rate of every single five minute range known to man between midnight Market open to Market close um the the the primary time to trade a reversion to NASDAQ and you can see literally from the start of Asia to the close the closing bell of New York three4 of price action is prime mean reversion that's why all of this is dark red you and again you'll see all this when you go on the dashboard but like if you zoomed in you can't really zoom in on this picture because it's a screenshot but each one of these little sales is a five minute period of Time Each having their own different average trade durations average Naes all of that stuff but at the end goal until the end of the day you can see they're retraced more than they're not and then obviously as we move into that to the market open and then to lunch and then Power Hour the more trendy or single directional that the that that markets move while three4 of the time we break from one side of the range and go to the other side of the range so there's tons of opportunity there's tons of different configurations and hours that you can use you just have to stick to a couple of them just like how it is when you trade midnight and everything else thank you are welcome L the concept but also need exactly yeah I don't when I ask you guys if you understand I don't ask like hey you experts now but you got a general foundational understanding plus there's tons of content I literally made it to where you have every single learning style in in this Discord I have every single type I have auditory so these videos and then I have visual aka the videos I have text so in the complete beginner guide it goes down and breaks down everything we went over today so you have every different learning style available for you and you can watch the videos while even going through the Forum I have it separated between every single step please go through every step do not just be a 90% shiny object Tick Tock brain person and go straight to the the strategies everyone's G I'm telling you if I could see a distribution of clicks I could promise you there's going to be probably more clicks on the strategy stuff than there would be on the mindset the psychology how to build a foundation all that stuff and if you sleep on it you're going to fail you're going to make stupid mistakes go through every step methodically and understand every step when you go through the complete beginner guide go to step number one I don't care if you think you're an expert at trading view at least read through it and see if you learn anything that you didn't know before go to step two I don't care if you've been trading for 20 years there's probably something terminology wise that maybe you still learn then go to step three where we break down the New York sessions and exactly how I go go break down my analysis an execution example with DCA and single entry then go to step four where you understand um the the Arie model going through the London session then go to step five where we go over exactly what I just went over with Boomerang ranges and also there's uh videos in each of those uh steps that complement exactly what I go over so there's four different videos five different videos for the boomerang ranges then step six putting putting everything together step six is probably one of the most important ones because after you learn everything when you go to step six now I gave you guys literally a template to just copy of how to put everything into so if you're just learning and want to get really good at midnight take midnight retracements and distributions and then once you go to step six make an actual plan that you can quantify and you can say okay starting at cycle one just to learn and be good real at at midnight retracements I have to do back test 100 150 to 200 back test then I have to J blah blah blah like take that that step six is for you to do for everything once you want to learn how to do boomerangs midnights distribution the way Matt Mickey does ninet to-5 boxes however you want to trade you have to do that step six for each of those so that way you have a full understanding that that step six should break you from crawl walk run phase every single way that we trade then go into the pack road map the pack road map will explain the expectation management of what how you should kind of gauge your uh Journey throughout how we trade here in the pack so when you click the pack road map you have the Pack road map of even just expectation management so when you get through one through four two months of being in the pack three months being in the pack four months being in the pack five months and all of this is relative it may take you long longer it may take you quicker who knows but either way you have kind of like a sliding scale of how to gauge yourself and and where you're at in your journey so make sure you use everything every part of this Discord um to your advantage to understand what we do here nobody if you give this an honest shot nobody within a month should still be confused on any part of this in a month time you shouldn't be asking me where I'm placing my stop loss on a boomerang Tri in a month's time you should not be asking me uh what's in between data where where do I put increased risk on that stuff because you should have so much at your disposal to go through the process that it it should just be second nature second nature second nature okay all right we're here we're here we're here this is where I put my entry this where average in this where I place my stop pretty much any screenshot when you go into the market open the ranges start to become less reversion and more breakout pretty much yes thank you Costa and random guy for coming into the pack and and do with with uh the can't I are on your oh my and and re and real quick guys um for a lot of you guys Quantum Wix is actually in here I believe fa is in here also when you guys are looking at certain things like when we're posting please don't only look at the 100% because the 100%'s also lose like every time I post every time I post that um that uh shot that that screenshot of a specific range everybody always is so quick to go to the 100% because you assume quotequote that you're not going to lose those 100% also get smoked so no matter what that 100% says it's still going to be your job again right back to what I said earlier your job to have some sort of risk profile around this range it doesn't matter that it says it's 100% that 100% will get will get smoked eventually right they don't always stay at 100 you will take a loss and Etc so make sure that you're sitting there and even though it says 100 you go back and you at least back to 60 to 90 days of that range that you're um looking at manually because you can get all the information you want and it can show you dots and show you everything else but now you don't have no feel for how the H how the how the trade can play out right and so um I usually I I just started again up yesterday but I usually do I'm usually in here a lot and you guys can always come into the into the groups and see what what I talk about and I explain and I answer any questions that I can but please please please please um I've seen this over and over repetitively everybody always looks at these 100% things and they assume that with that 100% they're going to become millionaires that's not really the case that will be the day that you trade that without back testing it without knowing more or less when you can get in and get out early in case you're not on the safe side and then you're going to blow your account or you're going to over leverage thinking that you're okay and obviously since you didn't back test it that's when the injuries come to you right so I'm just putting that out there because I already one post you did and then one person boom take a full picture of the 100% And um it's just happen repetitively over and over so it's not always good when you don't build your own risk around this stuff so yep stri trading a 20% strike rate range that's goofy but just like what Johnny said even 100% will lose lose the 100% just means that that range is very consistent but you still don't know how average that the the average points because guys if if the average range the size of that range is Five Points NASDAQ sneezes and moves 20 points so naturally a range we'll have could could absolutely be a 100% probability but if the range is two points and it takes five seconds to fulfill that range then but but it could take on let's say 8% Mee before fulfilling that because it's just in a moment of time that price likes to move before fulfilling that range and you're just blindly seeing a 100% you put 10 Minis on it you're G to get smoked exactly what Johnny saying because you don't know the context behind that 100% but if you find a range like what we find sometimes right where you find an 80 to 90% strike and it has an average nice amount of range and it has a good trade duration and it experiences very low Ma you put all of those pieces together to find and to tailor how you want to gauge risk around that range but it's still but uh you never want to just yeah get star struck by a 100% and be like yeah I'm I'm putting all the money on red because it says that all right I don't see any oh Cobra Cobra says uh so the boomerang trade the boomerang is a trade system whereas the Nancy is a trade setup yeah that's honestly perfect a perfect way of how I would explain it we like to call the midnight trade sometimes we call it the Nancy setup midnight snap I don't care what you call it midnight retracements is exactly that it is a setup specifically starting at 8 am. EST to 11 am 11:15 a.m. EST I'm trading the reversion back to midnight Boomerang ranges is a system that you find the statistics for wherever you want to place that system and then tailor the risk to that absolutely all right I'm going to stop the recording

Transcript for:Understanding Quantum Boomerang for Trading

Transcript for:
Understanding Quantum Boomerang for Trading