Chain Response Atlas
Map the cascading liquidations of leveraged market participants.
£349/yr founding rate — annual research letter; list £495–595/yr
- Annual term
- £349/yrTwelve months of service for the price of ten.
Nothing on this site is on sale. There is no checkout, no cart and no payment link on any page. Prices publish pre-launch so they can be read, compared and checked rather than requested — seat bands, group licences and multi-year terms are set out in full below.
Standing policy — read this beside the figure
- No promise of profit, ever. Hadal makes no performance claims and carries no implied edge. Past measurements describe instrument behaviour — never future returns.
- You own risk management. Hadal cannot control it and does not insure it. Good tools do not fix bad discipline — and this site says so.
- Analytical tools, for discretionary use. Nothing here is investment advice or a recommendation to trade. Every decision, and every outcome, is yours.
The same statement stands in the footer of every page.Terms Privacy
| Specification | Value |
|---|---|
| Catalogue no. | P14 |
| Suite | Premium Add-on |
| Methodology | How the Premium Add-on suite measures |
| Availability | Pre-launch — not on sale |
| Anticipated price | £349/yr |
| Delivery | Marketplace SKU · hub subscription |
| Published measurements | NOT YET PUBLISHED |
| Provenance artifact | NOT YET PUBLISHED |
Leveraged markets do not fall — they cascade. A price level breaks, someone’s margin breaks with it, their forced exit breaks the next level, and what looks like one move is actually a chain of compulsory transactions. The Chain Response Atlas maps that chain structure instead of narrating it after the fact.
Traders describe this as forced selling that spreads from one market into the next, and the word fits: what travels is compulsion rather than opinion — a position closed to meet a margin call has no view left to change. What the Atlas holds is the structure of that spreading: which levels and instruments the flow reached, and out of what positioning state the chain began. It records the chains that stopped spreading with the same care as the ones that ran, because an atlas holding only the cascades that carried is an atlas of survivors.
What it measures
Terrain under a leveraged position is what the atlas is designed to map, never a signal for when to trade.
- Cascade anatomy. When forced flow begets forced flow: the propagation structure of liquidation chains across price levels and instruments, separated from ordinary discretionary selling.
- Resolution versus fizzle. Not every triggered chain completes. The Atlas tracks both outcomes and publishes the split with the sample size visible — every rate I ever print will carry its n, because a percentage without a denominator is marketing, not measurement.
- Chain preconditions. The positioning states in which cascades have historically initiated: crowding, one-sided leverage, thin absorbing liquidity — described as observed structure, never as a forecast.
What it does not do
The Chain Response Atlas does not predict cascades. No map does. The Atlas is a record of how forced flow has propagated, under what preconditions, with what completion rates — a structural atlas, not a signal. Any use of it for timing is your judgement and your risk, and the instrument says so on every surface.
Who it is for
Traders who hold positions through leverage-heavy sessions and want to know whether the terrain under them is chain-prone; risk managers who need cascade preconditions expressed as measurable states rather than trader folklore.
The ship gate
No instrument is sold until it does what this page says it does. Where a page is written in the future tense, that tense is a statement about timing rather than a hedge about capability: the instrument is not finished, so it is not listed as available, not priced as available, and not sold. It waits.
Nothing described in this catalogue is a placeholder that will quietly disappear. An instrument that turns out to be wrong gets a kill-ledger entry, not a deletion — which is the only version of that promise anyone can check.
Commercial terms
Published in full, pre-launch, so they can be read and checked rather than requested. Every figure is an anticipated indication I have set and not yet ratified, and every derived figure is the arithmetic of the one above it — shown, not asserted. Nothing here is purchasable: there is no checkout on this site.
Why Chain Response Atlas is priced the way it is
- What the figure buys
- A subscription will cover the atlas once it exists — today it is a design, and a subscription would cover nothing. What it is designed to hold: the propagation structure of forced-flow cascades across price levels and instruments, separated from ordinary discretionary selling, and the positioning states under which chains initiate — crowding, one-sided leverage, thin absorbing liquidity. Chains that fizzle are to be recorded alongside chains that resolved, and any rate published carries the sample size beside it, because a rate without a denominator is not a measurement. The edge of the scope is firm and worth stating before you pay rather than after: this is terrain, not a signal. It carries no forecast, no levels, no entries and no alerting, and any use of it for timing is your judgement.
- Why it is priced this way
- Charged by the year rather than by the month because the atlas only changes when the market supplies another episode, and cascades do not arrive on a monthly schedule — monthly billing would charge for the months in which the map stood still. It is delivered as a research letter, which is why the licence is flat rather than per seat: what is being subscribed to is a document a desk reads, not a workstation one person occupies, and the seat bands that apply to per-seat instruments do not apply here. It carries its own rate as a premium add-on rather than being folded into another instrument's subscription, because the terrain it maps is the terrain under a leveraged position, and folding it in would charge readers who are not standing on it.
- What the alternative costs
- You can assemble a version of this yourself, and the raw material is not privileged: mark the sessions where forced flow ran, follow it across levels and instruments, and keep the tally. The expensive half is the fizzles — an atlas assembled from memory records the chains that completed and quietly omits the ones that died, which is the specific failure this instrument is constructed against. Where your platform publishes liquidation events, it gives you those events for nothing, and that is genuinely useful, but it shows you what happened rather than the propagation structure or the denominator underneath it. The remaining alternative is to hold positions through leverage-heavy sessions assuming the terrain is ordinary, and to learn which ones were chain-prone at the moment a chain runs.
Every figure on this page is an anticipated indication awaiting ratification, and nothing here is purchasable. The reasoning above is published for the same reason the arithmetic below is: a price you can interrogate is worth more than a price you have to accept.
The two-SKU split
| Route | What it is | Anticipated |
|---|---|---|
| Marketplace SKU | Where this instrument ships through a platform marketplace, that SKU is the fully-functional standalone tier — the complete battery, running natively on your platform, no external account required. Never paid-but-crippled. | NOT YET LISTED |
| Hub subscription (this site) | The deepening: hosted runs, the published methodology behind them, and the content-hashed artifacts that let a stranger re-derive the result. This is the tier the figure on this page prices. | £349/yr |
The hub tier is priced at or below its marketplace equivalent. That is a standing rule the pricing table is rendered against, not an offer: a marketplace platform takes a percentage of every sale it processes, and that saving goes to the hub subscriber rather than to Hadal, so a platform fee can never invert your margin. No marketplace SKU has been listed yet, so the cell above reads NOT YET LISTED and the rule stands as a commitment rather than a comparison you can run today.
- £495–595/yrlist
The commitment ladder
| Term | Months paid per year | What it means | Anticipated |
|---|---|---|---|
| Monthly billing | 12 | The anticipated indication for this instrument is stated annually, so no monthly figure is derived. An undirected figure renders as absent, not as a number. | No monthly rate directed |
| 1-year term | 10 | Twelve months of service for the price of ten. This is the annual rate every band below is taken off. | £349/yr |
| 2-year term | 9 | Ten per cent off the annual rate, held at that figure for the whole term. | £314.10/yr |
| 3-year term | 8 | Twenty per cent off the annual rate, held at that figure for the whole term. | £279.20/yr |
Eight months paid per year, across three years, is 24 months paid for 36 months of service — one year in three carries no charge. On this instrument the three-year term totals £837.60.
Group licences, across entities
Licensing here is per account or per desk, not per seat, so a seat band does not apply and none is offered — applying one would be a category error dressed as a discount. The scaling axis here is entities: where the same instrument is run by more than one legal entity, desk, fund or network inside a group, the licence is negotiated as a single group licence rather than replicated entity by entity. Multi-network clients are exactly the case this exists for, and the commitment ladder above applies to a group licence on the same terms it applies to a single one.
Commercial routes
Pricing scales on entities and on term — one negotiated group licence across desks, funds and legal entities, never a seat band.
Licensing — seat bands, group licences and multi-year terms in full
Support
- TierStandard at this instrument’s base contract — ticket, first response targeted at three business days. Support tier follows the annual contract value, not the price of a single unit — more seats, a suite licence or a group agreement raise the contract value and can raise the tier with it.
Support — the tiers, the ticket-only channel model, and what a target does and does not promise
Trial mechanics
The trial runs on the hub tier — thirty days, a full natural proof cycle, disclosed in plain words before you start it and cancellable in one step; none of it is live yet. Trial mechanics in full, by delivery class.
Read before you commit
The documentation is published ahead of the product on purpose — intended behaviour is only a commitment if it exists first. Start with installation and first run, then the limits: the conditions under which this instrument refuses to produce a number are the part worth reading before you pay. The full centre is at /docs/, and the support model states what a ticket does and does not cover.
Questions and answers
Answered from what this instrument publishes about itself. Nothing below is attributed to a customer, because there are none yet.
Is the Atlas a signal?
No. It is a record of how forced flow has propagated, under what preconditions and with what completion rates — a structural atlas. Any use of it for timing is your judgement and your risk.
What happens to chains that do not complete?
Incomplete chains are counted. Resolution and fizzle are both tracked, and the split publishes with its sample size visible, because a percentage without a denominator is not a measurement.
How are cascades separated from ordinary selling?
By propagation structure. The Atlas maps where forced flow begets forced flow across price levels and instruments, rather than narrating a move after the fact.
Can I buy this instrument today?
No. Nothing on this site is on sale — there is no checkout, no card capture, and no product account to create. Every figure on this page is an anticipated indication I have set so it can be read and compared, not an offer, and final pricing awaits my ratification. The launch list is the only thing you can join today.
Change log
Chain Response Atlas has not shipped, so there is nothing to record. When it does, every version lands here — dated, append-only, written by a person, and including the changes that removed a capability rather than added one.
Where this sits
Chain Response Atlas is one of the instruments in the Premium Add-on suite. How that suite measures — the per-instrument battery, and the receipts each measurement will carry — is set out in the Premium Add-on methodology, part of the site-wide measurement methodology.
Also in the Premium Add-on suite
Chain Response Atlas shares the Premium Add-on suite with four other instruments.
- P7FX Gamma MapDealer terrain from listed FX options — strike walls, skew migration, expiry gravity.
- P11Regime FeedState-space identification of market regimes in real-time.
- P12Positioning / COT IntelligenceResolves or fizzles — always published with n visible.
- P17Joint Change-Point MonitorWhen the regime breaks, know which series moved — and when.