WEBVTT

00:00:00.000 --> 00:00:01.631
Open the free Replay.

00:00:01.631 --> 00:00:08.157
It uses a recorded fifteen-minute NQ session from September twenty-fifth, twenty twenty-six, starting at ten a.m.

00:00:08.157 --> 00:00:09.381
New York time.

00:00:09.381 --> 00:00:14.683
Begin with one question: how does price respond when trades reach the ask?

00:00:15.333 --> 00:00:18.203
Use Play and Pause to control observation.

00:00:18.203 --> 00:00:21.483
Keep the playback speed constant when comparing activity.

00:00:21.483 --> 00:00:23.943
Restart returns you to the beginning.

00:00:23.943 --> 00:00:29.683
The diagram highlights the controls on the current desktop demo; mobile places them differently.

00:00:30.333 --> 00:00:36.787
Read displayed depth in the DOM, executed transactions in Time and Sales, and price context in the chart.

00:00:36.787 --> 00:00:39.297
In your first five minutes, just observe.

00:00:39.297 --> 00:00:43.600
You do not need to place any orders to complete the exercise.

00:00:44.250 --> 00:00:46.205
Open Max Loss and Drawdown.

00:00:46.205 --> 00:00:52.851
In this demo, Max Loss closes simulated positions when their combined unrealized loss reaches the selected limit.

00:00:52.851 --> 00:00:57.933
One hundred and fifty dollars is only an example, not a recommended amount.

00:00:58.583 --> 00:01:06.538
Do not confuse that setting with static drawdown, which uses total session profit and loss, or trailing drawdown, which follows the peak.

00:01:06.538 --> 00:01:11.600
A simulation threshold is not a promise of a maximum loss in live markets.

00:01:12.250 --> 00:01:18.300
For the next five minutes, note the time, what you observed and your decision before the next move.

00:01:18.300 --> 00:01:20.317
You can choose not to trade.

00:01:20.317 --> 00:01:24.350
Spend the last five minutes reviewing whether the evidence supported your decision.

00:01:25.000 --> 00:01:29.267
A profitable replay does not prove an edge or predict live results.

00:01:29.267 --> 00:01:32.467
Start by checking whether you followed your observation rules.

00:01:32.467 --> 00:01:35.311
Open the demo and download the journal below.

00:01:35.311 --> 00:01:39.933
The course is the next step if you want a structured learning path.
