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- 88 lessons in a guided path
- Prop firms, risk, psychology
- Quizzes after every track
Utopia
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Index futures education · ES / NQ
Understand the market.
One idea at a time.
Learn how price moves, how to read a chart, and how to manage risk. Start with short, free lessons. Build a trading process when you’re ready.
88 free lessonsNo account neededLearn at your own pace
The Market Observatory Free · Interactive
Make the chart make sense.
One session. Three ways to read it. Change a setting, explore a candle, then check what you noticed. No setup needed.
THE MARKET LAB
ES · DEMOVolume profile70% value area
Value area
Captured volume72.3%
Same session. Change the threshold, see the boundaries move.
10:40 ET · 5-minute bar
The close is outside the session’s 70% target value area.
Drag the timeline or use the arrow keys to inspect a bar. The chart shows the full illustrative session.
FIELD NOTE / 01Learn by trying
Where did trading happen?
The horizontal bars show how much traded at each price. A wider bar means more volume there. The brightest bar marks the busiest price zone: the point of control (POC).
Your turnTry 50%, then 90%. Watch the value area expand to include more of the session’s volume.
Explore first. You can try either answer and learn from the explanation.
Read the volume profile lessonIllustrative data. Real concepts.New to trading? Start with the basics →
Three ways to learn
Start free. Go as deep as you want.
Everyone starts with the same free lessons. The Inner Circle teaches the full method in a group. 1-on-1 applies it to your own trades — privately.
Inner Circle
For traders who want the full method and a community to practise it with.
$369once · lifetime
- The full 10-module curriculum
- Weekly live group sessions
- Trade reviews in the channels
1-on-1
For traders who want someone on their own trades, every week.
$1,5008 weeks
- Weekly private calls on your charts
- Every trade reviewed before the call
- Options & GEX with Sushi
How we break down a trade
Where. When. If.
Options positioning tells you where. Volatility tells you when. Orderflow tells you if. This is the level of detail every trade gets broken down to.
NQ · 5-min · NY open
Short from the call wall
Short+3.0R
- 6 confluences
- Call wall · GEX
- DEX
- Daily shelf
- VEX flip
- Absorption
- CVD
The read, step by step
- 1NY open trades below the value-area low — but the put wall at 30,600 holds and sellers can't extend.
- 2Back inside value with VIX falling. In positive vanna, falling IV pushes dealer delta down, so dealers buy futures to re-hedge. That's the bid.
- 3The rally runs into the call wall — the heaviest gamma on the board, lined up with DEX and the daily profile shelf. Buyers keep lifting; price stops moving.
- 4IV turns up and VIX stops falling: the vanna bid is gone. Sellers turn aggressive and CVD rolls over. Short on the close back below 30,800, stop above the probe.
- 5Long gamma means dealers sell rallies into the wall. Target the POC: +3.0R.
- Regime
- Long gamma. Dealers hedge against the move — sell rallies, buy dips — so the walls act as magnets, then ceilings.
- GEX
- Call wall at 30,800 (QQQ mapped to NQ): the highest concentration of call gamma. To stay delta-neutral there, dealers short futures. Two put walls below.
- DEX
- Call delta exposure clusters on the same strike — a large block of QQQ delta that has to be neutralised, and it tells you which way.
- VEX
- Positive vanna sitting above. VIX falling = dealers buying futures, which explains the rip from below VAL. When IV turns up, that support flips.
- Profile
- Call wall, DEX and the daily shelf within a few points. One level, three independent reasons.
- Orderflow
- Buyers absorbed into 30,800, then sell aggression and CVD rolling over. Confirmation, not prediction.
- Risk
- Stop above the probe high (28 pts). Target the POC: 84 pts = +3.0R.
The lessonOptions positioning tells you where. Volatility tells you when. Orderflow tells you if. You want all three before you click.
Illustrative breakdown — NQ · 5-min · NY open. Prices simplified; QQQ options levels mapped to NQ. Built to explain how we read a session; not a real account, signal or performance record.
Start with the method in the Inner Circle, or have it applied to your own trades in 1-on-1 →
Free lessons
A clear path, from zero.
Begin with the basics, then work through risk, the auction, volume profile and orderflow. Short lessons build on each other; quick quizzes help you check what stuck.
0/14Start →
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The Inner Circle curriculum
10 modules. 78 lessons.
From the chart map to execution, risk and review. Open a module to see every lesson.
Released in orderLessons are released module by module. Times are approximate.
00Start HereUnderstand the method, format, and practice path.
- 0.1Course Format & ExpectationsRecorded3 min
- 0.2The Method in One ChartRecorded8 min
- 0.3How Auctions Change Price10 min
- 0.4Your First Practice Week4 min
01The ToolkitBuild a reproducible chart map from completed data.
- 1.1Four Questions, One Chart5 min
- 1.2Session, Contract & Data7 min
- 1.3Volume Profile AnatomyRecorded7 min
- 1.4TPO: Time at Price8 min
- 1.5Choosing the Right Map6 min
- 1.6Trading Around the POC6 min
- 1.7Value Area: Settings & Decisions7 min
- 1.8Shapes as Context9 min
- 1.9Excess & Failed Auctions7 min
- 1.10Untested Levels: References6 min
- 1.11Composite Windows & Splits8 min
- 1.12Your Settings Checklist7 min
02Reading It LiveRead changing value and calculate VWAP correctly.
- 2.1The Developing Profile8 min
- 2.2Value Migration & Participation8 min
- 2.3Session VWAP: The Calculation8 min
- 2.4VWAP Bands & Reversion8 min
- 2.5Anchors Chosen in Advance9 min
- 2.6Mean, Mode & Disagreement7 min
- 2.7Today Against Prior Value7 min
- 2.8The Live Decision Sequence7 min
Make the process your own.
Education only — not financial advice. Futures trading involves substantial risk and most traders lose money. Examples are illustrative.