Hermēs DocumentationGEX Knowledge Base Overview
Five docs, veteran-trader mantras, every knowledge point tied to a Hermes feature
One-line positioning
GEX doesn't tell you to buy or sell. It tells you what game is being played today, what the map looks like, and which prices matter. Learning to read it = adding a market-maker perspective layer.
Five mantras that run through the series
You'll see these five lines repeatedly. Memorize them.
1. Numbers = regime, slope = flow direction, zero-cross = switch.
NET / C / P numbers → current long/short gamma regime; curve slope → which way positioning is moving; zero-cross = Gamma Flip alert.
Where in Hermes: Header NET/C/P chip + TacticalHUD NET timeseries + Insight Rail Gamma Flip card.
2. Price and NET in the same direction = add fuel. Opposite direction = watch for reversal.
Price up + NET up → positioning backs the move. Price up + NET dropping → rally has no support, prepare to fade.
Where in Hermes: Gamma Chart with NET overlay / HuntingFlow main panel "price-positioning divergence" callout.
3. Levels are reaction zones, not walls.
C1 / P1 / HVL are not concrete. They mark "the market must do something here." Breakthroughs are normal.
Where in Hermes: Main chart shows Levels as highlighted zones with width, not 1-px lines.
4. Don't bet on a single layer. Wait for confluence.
★ = 2 layers overlap (note it). ★★ = 3 layers (prepare). ★★★ = 4+ layers (heavy, must respect).
Where in Hermes: Levels Reading Board ★ count per row + Insight Rail "Confluence Heat" card.
5. Zone → Scenario → Momentum. Always three steps, never skip.
When price reaches a level, don't trade. Build the scenario (up/down/range), wait for momentum confirmation, then execute.
Where in Hermes: TacticalHUD three-column card (Zone → Scenario → Momentum).
Five-chapter guide
1. What is GEX?
Foundation in plain language. Delta = speed, Gamma = acceleration. Dealers must stay delta-neutral, so gamma determines how aggressively they hedge.
You'll answer: why does SPX make new highs when VIX is crashing? Why are some days dead calm?
→ Maps to Hermes' regime tint and NET digits.
2. Five fatal misconceptions
Toxin removal. One by one:
- Call Wall ≠ resistance
- Put Wall ≠ support
- Positive GEX ≠ bullish
- Break below HVL ≠ auto-bearish
- Levels ≠ concrete walls
You'll stop "shorting on touch of C1."
→ Maps to Hermes' TacticalHUD three-stage card.
3. Step-by-step GEX reading
60-second reading SOP. Five standard moves: pick timeframe → judge regime → find main walls → add weighting → find confluence.
You'll be able to take any GEX chart and explain in 60 seconds: "today's game, key levels to defend."
→ Maps to Hermes Levels Reading Board full workflow.
4. From GEX to Confluence
Upgrade course. Four-layer framework: regime → structure → positioning → flow. Multi-layer overlap is the real signal.
You'll distinguish "two visually identical Call Walls, one heavy, the other noise."
→ Maps to Hermes ★ rating system + Confluence Heat.
5. Hermes Tools Quick Reference
Operations course. Maps every knowledge point from chapters 1-4 to a specific Hermes component — HuntingFlow main panel, Insight Rail, TacticalHUD, Levels Reading Board.
→ A "feature ↔ knowledge" reverse lookup table.
Knowledge ↔ Hermes feature map
Come back to this table for quick reference:
| Knowledge | Hermes Component | What / How |
|---|---|---|
| Volatility Regime (Long/Short Gamma) | Main panel regime tint / Tactical HUD "Regime" card | Green = Long Gamma (chop); Red = Short Gamma (trend) |
| NET / C / P snapshot | Header chip | Read sign + magnitude |
| NET timeseries + Gamma Flip | TacticalHUD subchart + Insight Rail alert | Zero-cross = regime switch |
| Separate C / P curves | TacticalHUD subchart (C green / P red) | Who's driving |
| HVL (regime boundary) | Levels Reading Board golden row / chart golden line | Above/below = two universes |
| C1 / P1 (primary walls) | Levels Reading Board ★★★ row / chart solid green/red | Strongest reaction zones |
| C2-C6 / P2-P6 (secondary) | Levels Reading Board ★/★★ rows / chart dashed | Backup reaction zones |
| cT / pT (transitions) | Levels Reading Board blue cT/pT row | Inside = regime switch imminent |
| Ab1-Ab3 (absolute gamma) | Levels Reading Board purple Ab row | Total gamma concentration (used for confluence) |
| AbOI (total OI peak) | Levels Reading Board orange AbOI row | Deepest positioned strike |
| COI / POI (positioning peaks) | Levels Reading Board yellow COI/POI rows | Call / Put OI concentration |
| D+ / D- (DEX extremes) | Levels Reading Board gray D+/D- rows | Directional sensitivity extremes |
| Confluence stars | Levels Reading Board ★ count + chart purple zone | ★★★ = 4+ layer heavy |
| Vanna flow (afternoon hedging) | Insight Rail "Vanna Heat" card | VIX↓ + Call accumulation = ramp signal |
| EOD magnet | EOD Magnet Clock + chart magnet line | Strongest gravitational pull in last 30 min |
| Pre-market prep | /market-prep route | Overnight sentiment + day's script |
| History replay | Chart top-right Replay button | Replay today's NET / C / P / main wall changes |
Reading order and time
| Path | Time | When |
|---|---|---|
| 1→2→3→4→5 | 4-5h | First systematic read |
| 2→3 | 90 min | Already know basics, short on time |
| 5→back to 1-4 | 30 min | Used Hermes a week, need definitions |
Risk disclaimer
GEX is a map, not a guaranteed playbook.
- Every Level is a reaction zone, not a certain reaction
- High confluence can still be crushed by macro shocks (CPI / FOMC / war)
- Hermes displays the analytical layer. All trade decisions are yours alone.
Learn to read the map. Pair it with your own risk management.