Understanding Quantum Boomerang Trading Tool

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. please make sure you guys go into the complete beginner guide section and 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 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 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 of 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 DCAs 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 Distro does. All right, just like the Distro does of drawing the highest and lowest point. But then the range extension time is then once this range is formed, 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 20, 30 to the end of the next day, I want you to start finding when price breaks to either side, the reversion, the mean reversion to the opposing side of the range. So if I put, let's say, I don't know, 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 20, 30% simplicity purposes. So when this range is formed and when this range is broken to measure when that's going to be, MAEN 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. due to how many candles you have on the chart. But if I go to the 15 minute timeframe and now we have 126 days 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 MAE 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 entry is before hitting this opposing side. 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 182% 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 drawdown, 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 in-depth win over 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 probabilities of 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 looking for shorts to the downside with this 1930 to 2030 range, but then I can see here that At an MAE of 0.1, meaning 0.1% of drawdown of this specific entry, we have hit 0.1% of drawdown 60% of the time out of 126 days. We can see at 0.2, we've hit 0.2% of the time we've came to here. Half of 24% of the time we've came to here, right? So 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 MFE here, max favorable excursion. We can see what is the statistics of price in favor of going 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 see, 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 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 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, well, it's measuring 125 days, but now it's going to say 71 sessions because of all of those 127 days, only 71 were short. And so of all of those, we've gotten 71 shorts. And of all of those shorts, we've only went, we've went 70.42% of the time to this level. Okay. So you can break this down and get very specific. So that way you have that data. 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 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 data points. So With all of that being said, I know this is a lot with Boomerang. 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 you. I love Scott being Scott. So lost right now. Well, that's questions, man. I can't help you if you just say you're lost. And again, 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, 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 taking advantage of the philosophy and the thesis that we range more than we trend, right? We statistically do this intraday more than we do this right here, right? So we just... create a range and then just break away from it. So we're trading the optimal areas. So maybe this will help you 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. 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 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 intriate on top of this. So you see I have my intriates here. And you know what they'll do? Is they will use intriates 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're short above and you're 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 intriate, 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 21.49? Well, if you know statistically... 80% of the time, we're going to come down to this level. And then you also can take this MFE, and you can see statistically where we most likely going to go and at what point. You can see if you did a 10-point scalp, a 10-point distribution right here, 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 consistent that can be. Because you shoot for a 10-point scalp with statistical relevance to the downside, you know where most likely your drawdown is going to be. 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 a lot of different ways you can use this tool to see where price is most likely going to go, where price is less likely to go before going to a certain area. You can use it as an actual model to deploy risk with 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 going to keep on going in the chat here. Nije, if you guys ever see him in the back testing sessions, he does some neat stuff with it and is a good guy to watch and learn from for this tool. And obviously quantum. Yep, and FA shared the boomerang ranges explained, which again goes very in-depth and has like five different videos on just that. 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 drawdown and it just i mean you can target the opposing side and it'll take on very little drawdown so to take advantage of those quick trades 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 arrow and then 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 the dashboard that Quantum, FA, and NJ have been building. And if you guys need access to that, again, make a support ticket. The dashboard will show you historical statistical data on these MAE 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 0.8% of this. So you could either structure it A, to enter an entry candle, then dollar cost average here 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 drawdown 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 enter, right? Like there's so many ways. You can build an entry process around this. You just have to research this, backtest it, build a profile around it, and then do it day after day without any interruption. Okay, just like this. I'm going to listen to the recording and just answer the people because I've answered them like three times in the chat. The quantum boomerang is coming to WAP soon to be able to be claimed. It's going to 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. Cause I've 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 gonna 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, And 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 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, ish. 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 losses, I guess, if you will, where I go back and. have to re-qualify for accounts and all that stuff, 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 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 very supportive. And we all, a lot of us, like Austin, like myself, like Dataman, everybody, we love to help and we love... uh, seeing everyone's 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. You can annoy me in tickets. That's easier probably. Make tickets. Please. And 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 if you do really need to ask something more privately, the ticket is probably the easier way, too, because at least I see those as well. Because Austin's DMs get stupid because of all the friggin. Well, you guys have seen all the copycats of him. So open a ticket. Oftentimes I can answer it in two 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. All right. Let's see. Let's see. Other questions drop. Raise your hand. Raise your hand. Alpha, what's up? I see you raised your hand. What's up, Alpha? What you got? Hey, I was just writing it, but I might as well just ask you in person. Yeah. 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, yeah, indicator, super nice. You create a range. Essentially, here we're looking at Asia, I'm assuming. Oh, okay. Well, my questions are invalid now. God damn it. But essentially this, like once you get into your trading kill zone or whatever, like when you want to be trading, you would, if you take out the high, you would be looking for short shorts with statistical probabilities to TP and or essentially targeting the lows. Am I kind of wrapping my head? When you have a range that has a high statistical relevance of being retraced, the next goal is to see how you want to basically take advantage of that data. Whether you just want to use it as a point of reference, you want to trade around it by either trading the breakout reversal, whether you want to build a dollar cost average approach. Find at which areas you want to then take advantage of this reversal, whether you want to use entry aids to take scout towards that reversal. That's where you have to kind of, like you said. And what is the 80%? The green line? What is that? This is the MFE. So when you go into the settings here, you see how it says MFE and MAE, these red lines. So the MAE is again, Max Adverse Excursion. very fancy word for pretty much the drawdown of the move, because in this case here, we're shooting for shorts. Essentially your DCAs. Yeah, DCAs, but these can be your DCAs, but what these levels are is the average movement against the direction we're targeting. The mean, against the mean. Yeah, and then the MFE is max favorable, maximum favorable excursion, so in favor. 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 gonna 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 be okay so the upside So the MFE is, again, like a piece of the puzzle that each and every one of us has to like test, see what resonates with individually, right? Yeah, like the MFE is just 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 MFE. Some people just use this MFE to see, okay, once we do get a breakout, what's the highest range? 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 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 MFE 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 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 mfe could be essentially a take profit on your position and then i mean yeah you could break even 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 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 just the opposing side. So there's a lot of different ways, exactly like you said, you can skin the cat with. So nice. I mean, I'm assuming with what you have found personally, the... the MFE or the green line would be like 0.13%. Well, this can be whatever. This is very subjective to the range. It's not just a generic 0.13%. It all depends. It's whatever. Thank you. Thank you, man. Yeah, for sure. Because you can also, this MFE, also you can extend it even beyond the range. So something that Quantum, you'll see him do, is sometimes people... 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. Some people are trading like five minute ranges. And so if I put, let's say nine, if I put 2045 to 2100, and I make this just a five minute range, or I'm sorry, 2055 to 2100, this is a five minute range. And so this five minute range, you can see the past 15 days has been 100%. And so, but you would have to, but you would have to ask yourself, 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. Yeah. Your budget, your expense. Yeah. Budget. Do I want to risk? losing eight to a thousand bucks for a 10 point gain well that's up to you so instead of targeting the opposing side you can use this mfe to see well what's the probability of when we hit the opposing side going beyond the opposing side and having a deeper profit target you can see we'll shoot 93 of the time yeah very high 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 eventually gets there to that level right there. And because statistically we do. So that's another additional way you can use NFV. Dude. And with the reps is where you will answer if on the long run, this makes sense 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 drawdown to you. You want to keep on averaging into, to exactly the target MFE that you want to choose. And then now you have to go and do this again. Yeah. 500, 600, 700, 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 guess you could judge me as lazy, but what I battle with on this, right, on that right there, and I mean, I don't care, but I mean, judging is just a natural human. thing but um with the backtesting 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 emotions uh i'm usually very like a firecracker personally so emotions rule me then they will rule me and i will blow that counts so i try and like cut it off the root you know the the uh and you If you start backtesting and you're targeting like 500 backtests and you set like a rule, like a set of rules and then 100 backtests done and you're like, well, I'm seeing this repeat more. And then you kind of like start tweaking. And I guess that's the whole path that we each have to go through. That's a part of the reps, 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 it's going to be cut and dry the same thing every 500 times, but yeah, like the first 100 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 notice stuff. We're built in our DNA to do that. So when you go through that process, exactly like you said, you're going to find those little things and those little, like, hey, I'm trading this five-minute range and I'm noticing when we go to 0.808% to DCA here, I'm also noticing that it starts to move even more aggressive. 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. These are things that you're just going to naturally notice once you become very in tune with a specific range that you trade. For example, Nije created what's called the Silver Sunrise and the Silver Sunset. It's 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 we've noticed that it just, dude, I don't know what it is. It's silver loves to just, it'll just tick deny you. 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, 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 tick, the opposing side of the range that we trade, and it just doesn't fill that order. So that's something that you'll notice as you become more intimate with that specific range that you can adapt your risk structure to, but it won't be until you put in that time, both in backtesting and forward testing, that you're going to notice that nuance. Got you, got you. I mean, for example, there, like if you start doing the backtesting and you get like under your belt 200 backtests and you start seeing the pattern of 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, 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 rule set, that condition is met. And I start DCA instead of that first MAE on the second one. That would give you a better statistical edge in terms of what you're making and what you're risking. I better fill. I don't know. That makes sense. Yeah. There's, there's tons of different things. This is fire. Thank you. Absolutely, man. Yeah. Videos as possible. Yeah. Yeah. Those. join as many of those as you guys can because that will also help as well. 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, B-Stamp. Embark says, as someone also very new, I will say that the boomerang is great, 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. Yay, closing. and profit, and the number of contracts used. Exactly, yes. Would say no one should use this without putting in the work. Yeah, I mean, dude, you've got to 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, and that goes for any wave that we trade, but yes, even more so with these boomerang ranges, you guys have to study this stuff. 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 walk. You should be able to already claim it. That's why we have 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 silver sunrise, and then put what the range is, 18, 16. 45 to 1800 is the range. And then I'm DCA-ing at XYZ. And then on the actual cell, I can put Monday I'm doing this. You know what I mean? Like 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. 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. Use it. I'm telling you, make your life as simple as possible. Any other questions? I think I've seen an alarm pop up on your screen when an entry aid appears. How do we set that up? So go to your entry aid distros. I don't have the entry aid distros indicator on, but it's the same thing. So you see I have WolfSuite entry aid. You can go to your entry aid distros. You can go to your WolfSuite. It doesn't matter. I know a lot of you guys have the WolfSuite one, the WolfSuite indicator. So when you add this, it's going to have, when you first add the WolfSuite indicator, it's going to... have all these different ones on your chart. Again, guys, I gave you access to the WolfSuite just as 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 Intrigate on if you add the WolfSuite to your indicator, because we didn't really go over any of this stuff. But that's the only one that you really need. And then you can click these three dots, click, 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. 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 it 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, and then you'll have alerts for the, for both of them. You are welcome. All right. Any other questions? Either way. We have been going now for almost three hours. So if you guys have been here, you already can feel it. So wait. I can do it again. Wait, yeah. Time for the check. It's the basic. And if 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 MFE, but the MAE and how you plan to study these ranges and design risk around it. where you're going to place your TPs, your stop losses, what the range does, all of that stuff. Alpha, you raise your hand again. There you go. You're welcome one day at a time. What's up? No, I just want to say I love you all. And last question, maybe this might help others as well. The ranges, 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 whatever they backtest, right? Anything. Okay. Absolutely anything. And then if you guys see my screen, I have two different screenshots here on this chart 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 demand between midnight market open to market close. The, the, the primary time to trade a reversion to NASDAQ. And you can see literally From the start of Asia to the closing bell of New York, three, four... price action is prime mean reversion. That's why all of this is dark red. 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 cells is a five minute period of time, each having their own different average trade durations, average MAEs, 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. Obviously, as we move into the market open and then to lunch and then the power hour, the more trendy or single directional that markets move, while three-fourths 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. anything else thank you welcome uh the be a lot of one i don't see any other questions um welcome 760 one understood the concept but also need exactly yeah i don't When I ask you guys to understand, I don't ask like, hey, are you experts now? But you've got a general foundational understanding. Plus, there's tons of content. I literally made it to where you have every single learning style 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 TikTok brain person and go straight to the strategies. Everyone's going, 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. then 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 break down my analysis, an execution example with DCA and single entry. Then go to step four, where you understand the ARNI model, going through the London session. Then go to step five, where we go over exactly what I just went over with the boomerang ranges, and also there's videos. in each of those 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 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 distribution. 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 at midnight retracements. I have to do back test 100, 150 to 200 back test. Then I have to journal, blah, blah, blah. Like take 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 nine to five 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 step six should break you from crawl, walk, run phase of every single way that we trade. Then go into the pack roadmap. The pack roadmap will explain the expectation management of how you should kind of gauge your journey throughout how we trade here in the pack. So when you click the pack roadmap, You have the pack roadmap of even just expectation management. So when you get through one through four, two months of being in the pack, three months of being in the pack, four months of being in the pack, five months. And all of this is relative. It may take you 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 where you're at in your journey. So make sure you use everything, every part of this Discord, 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 trade. In a month's time, you should not be asking me what's in between data. 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 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 interest. This is where I put average in. This is where I place my stock. 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 We're going with, with, uh, the, uh, I can't, I can't say my clicks are on your. And, and, and real quick guys. 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 also lose like every time i post every time i post that um that uh shot that screenshot of a specific range, everybody always is so quick to go to the 100% because you assume quote unquote 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%. 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 they can show you dots and show you everything else but now you don't have no feel for how the how the how the trade can play out right and So I usually, I just started getting up yesterday, but I usually do, I'm usually in here a lot, and you guys can always come into the groups and see 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 hundred percent things and they assume that with that hundred percent they're going to become millionaires that's not really the case that will be the day that you trade that without backtesting 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 gonna blow your account or you're gonna 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 hundred percents and um it's just happening repetitively over and over so it's not always good when you don't build your own risk around this stuff so yep Strike rate is literally one match. I could be trading a 20% strike rate range. That's goopy. But just like what Johnny said, even 100% will lose. The 100% just means that that range is very consistent, but you still don't know how average the average points. Guys, 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 absolutely be a 100% probability, but if the range is two points and it takes five seconds to fulfill that range... then, but it could take on, let's say 0.8% MAE before fulfilling that because it's just in a moment of time, the price likes to move before fulfilling that range. And you're just blindly seeing a 100% and you put 10 minis on it, you're going to get smoked. Exactly what Johnny's 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 mae 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 a.m. EST to 11 a.m., 1115 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 system. Absolutely. All right, I'm going to stop the recording.

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. please make sure you guys go into the complete beginner guide section and 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 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 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 of 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 DCAs 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 Distro does.

All right, just like the Distro does of drawing the highest and lowest point. But then the range extension time is then once this range is formed, 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 20, 30 to the end of the next day, I want you to start finding when price breaks to either side, the reversion, the mean reversion to the opposing side of the range. So if I put, let's say, I don't know, 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 20, 30% simplicity purposes.

So when this range is formed and when this range is broken to measure when that's going to be, MAEN 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. due to how many candles you have on the chart. But if I go to the 15 minute timeframe and now we have 126 days 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 MAE 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 entry is before hitting this opposing side.

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 182% 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 drawdown, 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 in-depth win over 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 probabilities of 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 looking for shorts to the downside with this 1930 to 2030 range, but then I can see here that At an MAE of 0.1, meaning 0.1% of drawdown of this specific entry, we have hit 0.1% of drawdown 60% of the time out of 126 days. We can see at 0.2, we've hit 0.2% of the time we've came to here.

Half of 24% of the time we've came to here, right? So 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 MFE here, max favorable excursion. We can see what is the statistics of price in favor of going 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 see, 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 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 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, well, it's measuring 125 days, but now it's going to say 71 sessions because of all of those 127 days, only 71 were short. And so of all of those, we've gotten 71 shorts. And of all of those shorts, we've only went, we've went 70.42% of the time to this level.

Okay. So you can break this down and get very specific. So that way you have that data. 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 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 data points. So With all of that being said, I know this is a lot with Boomerang. 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 you.

I love Scott being Scott. So lost right now. Well, that's questions, man.

I can't help you if you just say you're lost. And again, 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, 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 taking advantage of the philosophy and the thesis that we range more than we trend, right?

We statistically do this intraday more than we do this right here, right? So we just... create a range and then just break away from it.

So we're trading the optimal areas. So maybe this will help you 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. 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 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 intriate on top of this. So you see I have my intriates here. And you know what they'll do?

Is they will use intriates 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're short above and you're 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 intriate, 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 21.49?

Well, if you know statistically... 80% of the time, we're going to come down to this level. And then you also can take this MFE, and you can see statistically where we most likely going to go and at what point.

You can see if you did a 10-point scalp, a 10-point distribution right here, 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 consistent that can be. Because you shoot for a 10-point scalp with statistical relevance to the downside, you know where most likely your drawdown is going to be. 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 a lot of different ways you can use this tool to see where price is most likely going to go, where price is less likely to go before going to a certain area. You can use it as an actual model to deploy risk with 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 going to keep on going in the chat here. Nije, if you guys ever see him in the back testing sessions, he does some neat stuff with it and is a good guy to watch and learn from for this tool.

And obviously quantum. Yep, and FA shared the boomerang ranges explained, which again goes very in-depth and has like five different videos on just that. 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 drawdown and it just i mean you can target the opposing side and it'll take on very little drawdown so to take advantage of those quick trades 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 arrow and then 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 the dashboard that Quantum, FA, and NJ have been building. And if you guys need access to that, again, make a support ticket. The dashboard will show you historical statistical data on these MAE 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 0.8% of this. So you could either structure it A, to enter an entry candle, then dollar cost average here 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 drawdown 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 enter, right?

Like there's so many ways. You can build an entry process around this. You just have to research this, backtest it, build a profile around it, and then do it day after day without any interruption. Okay, just like this. I'm going to listen to the recording and just answer the people because I've answered them like three times in the chat.

The quantum boomerang is coming to WAP soon to be able to be claimed. It's going to 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.

Cause I've 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 gonna 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, And 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 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, ish. 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 losses, I guess, if you will, where I go back and. have to re-qualify for accounts and all that stuff, 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 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 very supportive. And we all, a lot of us, like Austin, like myself, like Dataman, everybody, we love to help and we love... uh, seeing everyone's 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. You can annoy me in tickets. That's easier probably. Make tickets. Please.

And 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 if you do really need to ask something more privately, the ticket is probably the easier way, too, because at least I see those as well. Because Austin's DMs get stupid because of all the friggin.

Well, you guys have seen all the copycats of him. So open a ticket. Oftentimes I can answer it in two 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.

All right. Let's see. Let's see. Other questions drop.

Raise your hand. Raise your hand. Alpha, what's up? I see you raised your hand. What's up, Alpha?

What you got? Hey, I was just writing it, but I might as well just ask you in person. Yeah. 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, yeah, indicator, super nice. You create a range. Essentially, here we're looking at Asia, I'm assuming. Oh, okay.

Well, my questions are invalid now. God damn it. But essentially this, like once you get into your trading kill zone or whatever, like when you want to be trading, you would, if you take out the high, you would be looking for short shorts with statistical probabilities to TP and or essentially targeting the lows.

Am I kind of wrapping my head? When you have a range that has a high statistical relevance of being retraced, the next goal is to see how you want to basically take advantage of that data. Whether you just want to use it as a point of reference, you want to trade around it by either trading the breakout reversal, whether you want to build a dollar cost average approach. Find at which areas you want to then take advantage of this reversal, whether you want to use entry aids to take scout towards that reversal. That's where you have to kind of, like you said.

And what is the 80%? The green line? What is that? This is the MFE. So when you go into the settings here, you see how it says MFE and MAE, these red lines.

So the MAE is again, Max Adverse Excursion. very fancy word for pretty much the drawdown of the move, because in this case here, we're shooting for shorts. Essentially your DCAs.

Yeah, DCAs, but these can be your DCAs, but what these levels are is the average movement against the direction we're targeting. The mean, against the mean. Yeah, and then the MFE is max favorable, maximum favorable excursion, so in favor.

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 gonna 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 be okay so the upside So the MFE is, again, like a piece of the puzzle that each and every one of us has to like test, see what resonates with individually, right? Yeah, like the MFE is just 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 MFE.

Some people just use this MFE to see, okay, once we do get a breakout, what's the highest range? 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 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 MFE 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 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 mfe could be essentially a take profit on your position and then i mean yeah you could break even 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 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 just the opposing side. So there's a lot of different ways, exactly like you said, you can skin the cat with. So nice. I mean, I'm assuming with what you have found personally, the... the MFE or the green line would be like 0.13%.

Well, this can be whatever. This is very subjective to the range. It's not just a generic 0.13%.

It all depends. It's whatever. Thank you.

Thank you, man. Yeah, for sure. Because you can also, this MFE, also you can extend it even beyond the range. So something that Quantum, you'll see him do, is sometimes people...

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.

Some people are trading like five minute ranges. And so if I put, let's say nine, if I put 2045 to 2100, and I make this just a five minute range, or I'm sorry, 2055 to 2100, this is a five minute range. And so this five minute range, you can see the past 15 days has been 100%. And so, but you would have to, but you would have to ask yourself, 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. Yeah.

Your budget, your expense. Yeah. Budget. Do I want to risk? losing eight to a thousand bucks for a 10 point gain well that's up to you so instead of targeting the opposing side you can use this mfe to see well what's the probability of when we hit the opposing side going beyond the opposing side and having a deeper profit target you can see we'll shoot 93 of the time yeah very high 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 eventually gets there to that level right there. And because statistically we do. So that's another additional way you can use NFV. Dude.

And with the reps is where you will answer if on the long run, this makes sense 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 drawdown to you.

You want to keep on averaging into, to exactly the target MFE that you want to choose. And then now you have to go and do this again. Yeah. 500, 600, 700, 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 guess you could judge me as lazy, but what I battle with on this, right, on that right there, and I mean, I don't care, but I mean, judging is just a natural human. thing but um with the backtesting 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 emotions uh i'm usually very like a firecracker personally so emotions rule me then they will rule me and i will blow that counts so i try and like cut it off the root you know the the uh and you If you start backtesting and you're targeting like 500 backtests and you set like a rule, like a set of rules and then 100 backtests done and you're like, well, I'm seeing this repeat more. And then you kind of like start tweaking.

And I guess that's the whole path that we each have to go through. That's a part of the reps, 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 it's going to be cut and dry the same thing every 500 times, but yeah, like the first 100 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 notice stuff. We're built in our DNA to do that. So when you go through that process, exactly like you said, you're going to find those little things and those little, like, hey, I'm trading this five-minute range and I'm noticing when we go to 0.808% to DCA here, I'm also noticing that it starts to move even more aggressive. 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.

These are things that you're just going to naturally notice once you become very in tune with a specific range that you trade. For example, Nije created what's called the Silver Sunrise and the Silver Sunset. It's 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 we've noticed that it just, dude, I don't know what it is.

It's silver loves to just, it'll just tick deny you. 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, 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 tick, the opposing side of the range that we trade, and it just doesn't fill that order. So that's something that you'll notice as you become more intimate with that specific range that you can adapt your risk structure to, but it won't be until you put in that time, both in backtesting and forward testing, that you're going to notice that nuance. Got you, got you. I mean, for example, there, like if you start doing the backtesting and you get like under your belt 200 backtests and you start seeing the pattern of 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, 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 rule set, that condition is met. And I start DCA instead of that first MAE on the second one. That would give you a better statistical edge in terms of what you're making and what you're risking.

I better fill. I don't know. That makes sense. Yeah. There's, there's tons of different things.

This is fire. Thank you. Absolutely, man.

Yeah. Videos as possible. Yeah. Yeah.

Those. join as many of those as you guys can because that will also help as well. 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, B-Stamp. Embark says, as someone also very new, I will say that the boomerang is great, 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. Yay, closing. and profit, and the number of contracts used.

Exactly, yes. Would say no one should use this without putting in the work. Yeah, I mean, dude, you've got to 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, and that goes for any wave that we trade, but yes, even more so with these boomerang ranges, you guys have to study this stuff. 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 walk.

You should be able to already claim it. That's why we have 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 silver sunrise, and then put what the range is, 18, 16. 45 to 1800 is the range.

And then I'm DCA-ing at XYZ. And then on the actual cell, I can put Monday I'm doing this. You know what I mean? Like 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.

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.

Use it. I'm telling you, make your life as simple as possible. Any other questions?

I think I've seen an alarm pop up on your screen when an entry aid appears. How do we set that up? So go to your entry aid distros.

I don't have the entry aid distros indicator on, but it's the same thing. So you see I have WolfSuite entry aid. You can go to your entry aid distros. You can go to your WolfSuite. It doesn't matter.

I know a lot of you guys have the WolfSuite one, the WolfSuite indicator. So when you add this, it's going to have, when you first add the WolfSuite indicator, it's going to... have all these different ones on your chart. Again, guys, I gave you access to the WolfSuite just as 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 Intrigate on if you add the WolfSuite to your indicator, because we didn't really go over any of this stuff. But that's the only one that you really need. And then you can click these three dots, click, 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.

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 it 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, and then you'll have alerts for the, for both of them. You are welcome. All right.

Any other questions? Either way. We have been going now for almost three hours. So if you guys have been here, you already can feel it. So wait.

I can do it again. Wait, yeah. Time for the check.

It's the basic. And if 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 MFE, but the MAE and how you plan to study these ranges and design risk around it. where you're going to place your TPs, your stop losses, what the range does, all of that stuff.

Alpha, you raise your hand again. There you go. You're welcome one day at a time.

What's up? No, I just want to say I love you all. And last question, maybe this might help others as well.

The ranges, 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 whatever they backtest, right? Anything. Okay. Absolutely anything. And then if you guys see my screen, I have two different screenshots here on this chart 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 demand between midnight market open to market close. The, the, the primary time to trade a reversion to NASDAQ.

And you can see literally From the start of Asia to the closing bell of New York, three, four... price action is prime mean reversion. That's why all of this is dark red.

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 cells is a five minute period of time, each having their own different average trade durations, average MAEs, 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. Obviously, as we move into the market open and then to lunch and then the power hour, the more trendy or single directional that markets move, while three-fourths 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. anything else thank you welcome uh the be a lot of one i don't see any other questions um welcome 760 one understood the concept but also need exactly yeah i don't When I ask you guys to understand, I don't ask like, hey, are you experts now? But you've got a general foundational understanding.

Plus, there's tons of content. I literally made it to where you have every single learning style 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 TikTok brain person and go straight to the strategies.

Everyone's going, 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. then 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 break down my analysis, an execution example with DCA and single entry.

Then go to step four, where you understand the ARNI model, going through the London session. Then go to step five, where we go over exactly what I just went over with the boomerang ranges, and also there's videos. in each of those 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 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 distribution.

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 at midnight retracements. I have to do back test 100, 150 to 200 back test. Then I have to journal, blah, blah, blah. Like take 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 nine to five 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 step six should break you from crawl, walk, run phase of every single way that we trade. Then go into the pack roadmap.

The pack roadmap will explain the expectation management of how you should kind of gauge your journey throughout how we trade here in the pack. So when you click the pack roadmap, You have the pack roadmap of even just expectation management. So when you get through one through four, two months of being in the pack, three months of being in the pack, four months of being in the pack, five months. And all of this is relative.

It may take you 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 where you're at in your journey. So make sure you use everything, every part of this Discord, 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 trade.

In a month's time, you should not be asking me what's in between data. 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 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 interest. This is where I put average in. This is where I place my stock.

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 We're going with, with, uh, the, uh, I can't, I can't say my clicks are on your. And, and, and real quick guys. 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 also lose like every time i post every time i post that um that uh shot that screenshot of a specific range, everybody always is so quick to go to the 100% because you assume quote unquote 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%.

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 they can show you dots and show you everything else but now you don't have no feel for how the how the how the trade can play out right and So I usually, I just started getting up yesterday, but I usually do, I'm usually in here a lot, and you guys can always come into the groups and see 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 hundred percent things and they assume that with that hundred percent they're going to become millionaires that's not really the case that will be the day that you trade that without backtesting 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 gonna blow your account or you're gonna 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 hundred percents and um it's just happening repetitively over and over so it's not always good when you don't build your own risk around this stuff so yep Strike rate is literally one match. I could be trading a 20% strike rate range.

That's goopy. But just like what Johnny said, even 100% will lose. The 100% just means that that range is very consistent, but you still don't know how average the average points.

Guys, 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 absolutely be a 100% probability, but if the range is two points and it takes five seconds to fulfill that range... then, but it could take on, let's say 0.8% MAE before fulfilling that because it's just in a moment of time, the price likes to move before fulfilling that range. And you're just blindly seeing a 100% and you put 10 minis on it, you're going to get smoked.

Exactly what Johnny's 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 mae 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 a.m. EST to 11 a.m., 1115 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 system. Absolutely. All right, I'm going to stop the recording.

Transcript for:Understanding Quantum Boomerang Trading Tool

Transcript for:
Understanding Quantum Boomerang Trading Tool