Follow the venue that is discovering price.
Lead is GEM Hunter’s fourth perpetuals engine. It measures which venue is leading mark versus the cross-venue median and only then may print a paper card. Conflicting leads stay NO_TRADE. Own Telegram channel, own paper book, own bot toggle.
Discovery is a different job from structure.
Hunter ranks one venue. Scout waits for a sweep. Lead asks which venue is ahead of the pack.
Five books
Scalp, Intraday, Swing, Position, Catalyst. Never stack.
Whole-market rank
Heat, L2 score, trigger chain. Heat is not a ticket.
Liquidity event
Sweep → absorb → reclaim. Panic is NO_TRADE.
Venue discovery
Follow the mark farthest from the median.
Break and hold
Or a shallow pullback that resumes. Own geometry.
Release
Compression, then volume-confirmed expansion.
Exhaustion
Stretched location, intact mean, wick stop.
Failed break
The crowd is stuck. Distinct from Scout.
Tape + location
Signed volume only where a level already exists.
Crowded unwind
Funding, OI, then a bar against the crowd.
Versus BTC
Leader or laggard, then resume. Not Lead.
FX metals desk
Five equal perps. G01–G08. Never a crypto vote.
State only
WATCH / ANOMALY. Never LONG / SHORT. Never a seat.
Aligned, lead, or conflict. Only one of those prints.
Marks on four venues
Bybit, Binance, OKX, Hyperliquid. A missing venue stays missing — we do not invent a mid.
Median + gap
The leader is the name farthest from the median, in basis points. Aligned books stay quiet.
Conflict filter
If venues split both ways above the conflict threshold, Lead prints NO_TRADE — not a coin-flip card.
Follow + geometry
Positive lead → long. Negative → short. Book spread too wide? Still no. Then RR ≥ 2 or skip.
Radar, signals, history, performance — then the bot toggle.
What Lead is
- A cross-venue discovery engine, not a ranker.
- A conflict filter that can refuse a split tape.
- A paper book you can audit in R, with its own Telegram lane.
What Lead is not
- Not an arbitrage bot, and not a reason to chase every 2 bp flicker.
- Not Hunter or Scout with a new coat of paint.
- Not financial advice. If the stop is gone, the idea is gone.
Lead, in plain language
Is Lead reading Hunter or Scout cards?
No. Lead reads cross-venue marks and an optional book-spread filter. Another engine’s output is never an input.
What if venues disagree?
That is a first-class NO_TRADE. A clean lead is a one-sided gap. A split book is noise.
Does a fill on XT make the public Lead card ACTIVE?
No. Paper ACTIVE is the shared Bybit-zone book. A bot fill on another venue stays a per-user notification.
Is Lead financial advice?
No. Paper tickets, invalidation, and R multiples are tools. Leverage can liquidate you. Past paper results do not guarantee future results.
Run Lead on the live venue
Venue-lead radar, printed cards, history, and the Lead bot toggle are membership surfaces. This page is the textbook. The desk is the lab.