 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map and As per usual go through the live analysis here Monday Tuesday and Friday 10 a.m live trading on Wednesday Friday with J trader tomorrow and then 10 a.m. And then stocks trader and Thursday scoppelsini futures trader so We have a full lineup here. Let me just kind of describe it a little bit here over on our discord channel All right, so Hold on a minute there and let me get to it Yeah, here we go All right. Good morning, Rob. Good morning, brother Chromatide so and thank you for welcome welcome back here. Um, yeah, yeah nice to be back and Jumped right in yesterday. So we already got lots of stuff going on What I want to show here though for everybody in our education and what we're offering here And all of these different webinars in here In events live events. This is something that is I think quite a Bonus for it for everybody. It's all free The education is all free here at book map. We have an educational course That's online. It's on our YouTube channel. Let me show you where that is if you go to YouTube Our YouTube book map channel here and you'll scroll down. You'll see the educational course down here You can open up the playlist and you know, you can just start here with part one and two At least part one and understand how these markets work then Part two gets into, you know Microstructure volume profile part three it gets into kind of setups and in the order flow structure in part four is about confluences and advanced Executions and correlations. So Anyway, based off of this course, we have now these live webinars these live events This is the foundation for the order flow trading and We provide this here so that other traders like Jay Trader Scott After this webinar, we have Tom B on our discord channel. He'll be streaming So if you go to our discord channel, you'll see the live button and you'll see that in the traders lab here Tom B he'll be trading or Going through his analysis right after that if you scroll down a little bit further here Now you can join discord. It's for free. Just go to book map.com. You know, we're not gonna Spam you or anything like that. You'll see the link right here at the top of book map calm and to join our discord room right here I'm just showing this because we think we're offering something pretty nice here And it's all day long and it's free. All right. So options with Doug is right after Tom B so, you know, I'll end around 1130 and another about hour and a half or so hour and 20 minutes Tom B will start up immediately Right after that when he ends 130 Doug will start Options with Doug and then right after that we have algo boys from 230 to the close. All right This is pretty nice. We just came from another webinar in German With an excellent trader Oliver Oliver sparring So and before that we have rain with the crypto markets. We have a full schedule All right, so Anyway, this webinar here is the advanced webinar. We've done for years. This is the foundation Okay, so let's go. Let's jump in and let's get into that that order flow Analysis and look for some opportunities here general disclosure all book map limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations Risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's jump in and I will go over what we see right now and Simplified here. Let me take the stops and icebergs off the chart for the moment And that's the sub chart here. It is on chart. All right And just go through what we see for right now All right, and it's not much to be honest if we zoom out here. This is the price action since 4 a.m We can see the move down here and then right around here It was around the East Coast time around 830 or so sellers came in Sellers came in and drop drove price away from these previous areas here. This is what we look for in moves sustainable moves Okay, away from an area. Look at the volume dots here. Hey, let's let's take the heat map down for a minute Just look at the volume dots This is how these markets work it takes a lot of selling to drive it away from these previous areas of of value of price action Okay, now we can get some insights just by looking at the the structure here Within this area here. It's making equal lows slightly lower. Maybe but you know, we have the a trend that you can see here All right, you can see that It's making lower highs Hey Now that's helpful, but look at the volume within it. Okay, not bad here buying coming in But did they break the structure? No So sellers come in did the buyers come in again? Give it another try. Give it another try here Give it one more try here and none of them made a higher high not one of them Hey at best an equal high here. Hey, maybe one maybe a tick higher The sellers come in and they're driving it away from this area in here Okay. Now Let's take a look at what happened after that So this is not until the open here the cash open 930 a.m. Some back-and-forth here more sellers drive it back down and the buyers come in and they move it back up to here Why Well, you know, is it all this new buying coming in and and seeing some sort of advantage? Or maybe it's to to retest this area up here to see if there's any more action or Look at the stop runs down here Okay, maybe to hit some stops up in here anyone that sold in here is going to be getting out here Turn it over to other other traders willing to to take that Shortside and drive it back down to a new low All right now am I making that kind of stuff up? Well, here it is right in front of us. Okay, we're looking at stops Okay, here's a stop run right in here a stop run big one Here's another one up into this area here and in that that high that we just covered All right, so this is a retest back to this area also to shake the market up a little bit get people to to Leave their positions and then now we have this blue line in here Which is icebergs? These are larger players using an iceberg orders and these are the transactions in here Well tons of icebergs here Right in this area in here Okay, so in fact they they felt the squeeze And then there's more selling icebergs in here. Okay in this area in here so There's the you can see this this and these two lines in here This relationship between smaller players using stops To exit their position because they do not have deep pockets and larger players who are hiding their liquidity from the order book Using iceberg orders because it will scare the market away from them getting filled We have that dynamic here, right now This is down here this is a confluence within the Within the price action okay, and we can put these kind of pieces together in here To understand like You know what might be happening in some of these moves in here right now We're speculating a bit about that and we don't know but this is what price did and we do have the stops and icebergs in here All right, so there's no question about that. This data Is Irrefutable Hey, this is just the case This is what happened. All right, so We're going to continue on with the the reading of the order flow here. We'll turn on the heat map here So we're looking to see who's driving the market with the volume But we're also looking at the other side of the trade Okay, and we're also looking at stops and icebergs in them in the market structure All right, so we can see the sellers drive it away and then it's really chaotic in here Yeah, I don't really see anyone taking control in this market in here There's buyers there sellers they look pretty equal in here Here come the buyers back again, you know, so what where are they going? Well, maybe they can come up to about about here Where the sellers started coming or maybe maybe it comes back up to four forty thirty up here previous swing high Looks pretty good. Actually look at that. Look at that buying coming in look at that's a stop run right there as well So anyone selling short in here or a lot of sellers in here are getting stopped out on this way up Okay, so here's a pretty strong move looking for the swing up here at 30 All right now this happening out of the blue right now And we're probably going to find sellers equal amount of sellers up here there and they'll probably drive it right back down here to about 20 or 18 somewhere around in here. Okay, because we know there's sellers in here We know there's buyers in here is back and forth in here. It's a big battle And here's our stop run to the upside Don't see any many icebergs though yet. So Anyway, that's the dynamic that's going on in the here in the now. Okay other areas liquidity filled here Also here at the open price goes lower doesn't it never trades down to the figure Hey, just shy of it. Well five points shy of it our six. Here's 40 05 0 2 and then here's the figure 4,000 All right, so Anyway, just want to kind of cover and and just start to understand what's going on in this market That's the in the analytical part here. We'll look for opportunities now, too Okay, so let's see a few questions in here would take a bit of a breather and let me answer some questions morning Allen and T in discord Is it a good confirmation for local bottoming topping when there's sell stop runs? This is it's all about the context Okay, so Yes, it can be we covered this one yesterday In detail like, you know seeing stops above a range But that's just the beginning part of it Does it accept so like let's look at this one right here We can find out how many stops and verses exactly how many other transactions in here But you know, there's like a 600 stops or so a little bit more looks like That triggered all the way up here All right, so and then it stopped up here at this high liquidity Just just shy of our 30 level that we were looking for Price to go to right. So here Well strong move strong strong move away from all of this previous action down here Okay, so kind of what we were just covering with the Let's just drop our rectangle. Okay strong move away, right? Just like we were covering here But that here's our our range and Then the strong move away on this volume now, this is pre-market So it's it's you can you have to look at it in terms of reference here Look at look at the dots in here and look at the ones here And so they're moving it away from this area here And here's the back and forth in the revisit back up into this area here All right, but now we're gonna just kind of talk about this move in here, right? So we know it's a stop run We know that or many of them are stops in here and Now price is coming right back down to what we thought Okay, because it's a stop run We want to see though our buyers gonna accept it here above this area. Do we get more buyers coming in now? Let's just take a look if we do Then I'd look for the move to come back back up to about here This liquidity also above the swings in here around 24 or so Okay, so the question is after the stop run This is the volume event Does it accept or does it reject? And that's what we want to determine now Okay, because you can see that This moved it away from the area, but it retested all the way back down here Now a lot of that has to do with these bean stops or many of them bean stops And there are icebergs actually on the other side here as well Okay, so Some pretty big ones it looks like too No, I'm sorry. It's not that big All right, so what now the question is like is it gonna? You know accept here and back up into this range in here It's already breaking it right now and we can understand why It's breaking it here Is is that this move back up? We know that there are sellers already over here, okay? because of this selling here and because of This stop run here We were looking for this move to unfold back down and retest 18 and well it's already done that and Let's take a look see let's see if buyers scoop it up down here though and try to drive it right back to 22 or 24 Like we were looking for earlier, and we already see the buyers coming in Okay, but let's look at the structure too. Were they able to come up here? No Sellers still remain in control in the smaller time frame here. I hope that answers your question the the topping Maybe I can describe it in a different way here. I'm trying to keep it really simple and really straightforward Just knowing that there are other sellers here and that these are stops gives us Some clues that we might get a pretty deep pull back to retest deck down here Okay, so In this case did it you know did it did this breakout from this area is it sustained and We still actually don't quite have an answer yet because sellers did drive it back down a little bit lower But buyers are coming right back in Okay, so this is It's it's kind of unclear basically And And that's fine We're looking for clarity though So well if it doesn't give us clarity, we do nothing and we just wait and watch And start to understand it now what I wanted to cover here was like if we look at some candlesticks and Start to understand like a breakout or break down. Let's see what Let's put it to a five minute Okay. All right, so Candlestick chart All right, so well, here's our breakout. Okay. We want to know though and the question here uh from brother brother chromatide here is um the um Is it a we're looking for a confirmation in here? Well, we didn't get anything Confirmed in here with our analysis. Let's throw the candles on though and let's take a look Okay, so here's our breakout And here's the move back down here Okay, so yeah, I mean clearly we had to wait until that the candle closes Uh on this chart here. Um, and we we still don't know You know what's going on in here Okay in the candles the candles are are not confirming anything But the order flow either there is no confirmation in here All right now this might have been a buy right right around here like if this candle closes Here then this would be a buy signal right above this candle and above this swing that you'd be buying Okay, well, that's one way to look at it at least Uh, and uh, well, here's the result Okay for those that bought bought and and and didn't scalp it and take some some profit off along the way Uh or exit, uh and are still holding it. Well, they're holding the bag basically Okay, so uh Anyway, uh looking at the candlesticks in here still really really no clarity in here If we do get the one thing that would give us clarity if we do get sellers down here again Okay, so now let's take a look and try to confirm that Well some pretty good selling down here Uh, and uh, what about the other side here the buying, you know, they came up here and and and traded So there's a little bit buying But uh, it it it did break this but it didn't break this structure here Okay, now here's our sellers Okay, great looking for the sellers now to drop it Into 14 and maybe 10 Okay, so our candlestick pattern is confirmed With the volume is that does that help with the clarity? so now We have to be careful here like let's suppose it just dips down like this and then massive buying comes right back in Hey We got to go through the scenarios because the number one um job here is to manage the risk All right, so uh, you know, look at the buyers trying to trying to take take it back in here And they may they may so if that's the case then exit the position Okay, you maybe maybe you lost a few ticks or maybe it's just break even Okay, basically break even All right, so now let's take a look at this here. Okay, so that that's the candlestick pattern, right? Well, that that's obviously failing here Okay, so uh, uh now we're looking for actually more buyers up at the top of the range up here And then looking for a stop run Not only to 21. I think they can get up higher. I think they can get up to 24 and maybe even to 30 All right, so do we get buyers up here? Yeah a little bit Okay, so then we're just looking for in the candlesticks. We're just looking for a test of this swing high up here Right, which is this high here Okay, and then maybe a stop run above it Okay, so let's take a look here. All right. It looks like the volume is pretty good Let's see them trade it back up to 21 or 22 all right based off of Now you guys probably know your candlestick patterns Uh, and I think it's kind of kind of Kind of crazy to to think like oh well, we all learn these candlestick patterns But the reason that these candlestick patterns work Or don't work is because of the order flow within them And that's what we want to read put the put your candlestick. Maybe maybe you have high probability candlestick patterns that you have used over the years And now you can put that together with The order flow here in book map very simply look at the volume. I'll also look at the order book Okay, so it's already come back up to this swing here And we're looking for maybe a little bit higher We said 21 or 22 because and we said 22 because of the liquidity here And it it's still may right look at them on the bid down here here. Here's the candle, but here's the book Okay, they're on the bid here at 16 and a half And they're on the offer up here at 22 All right now Let's see now the based on the candles in in in this little range in here. I don't see anything going on in the candles But if we do get volume up here by volume up here likely we're going to break it Because we already had some buying up here Okay, now we can we can we're going to mix and match different strategies in here Well a candlestick pattern and also volume profile basically Your volume profile or footprint maybe uh is showing like these transactions up here a nice little cluster of buying Well, what if we can get back up here find more buying? Then likely we're going to break Okay, and come up to like other areas of liquidity maybe 25 which matches up to this selling maybe to 30 like we mentioned Okay, but we need to see the buying up up in these areas here All right, so uh, let's uh, let's see here Good morning, uh Timothy, uh, so what does the iceberg imply besides uh hiding flow? Um, well, it's going to be it implies this is a larger player Uh as well all right, and uh, no the question is like, um Well, it's a confluence right so this is not a signal uh down here And we can show it on chart as well, which is a really pretty amazing uh indicator here. Um, but um Uh, we're we're looking at here. We're looking at order flow now. We're looking at order types the actual order types that are transacting And that's amazing transparency. Uh, so, um You know, I You know, obviously I work here at book map I am amazed by that kind of transparency Uh, just simply as a trader. I mean it's just um, that's incredible. Uh, so, uh, Let's let's take a look at the icebergs here. We'll use the automatic aggregation here um And uh, let's also do the same for stops Down here Okay, so that that'll filter them out a little bit in here. Okay. Well, look at them. So here's our candlestick, right above here That's your buy signal again Right on your candle now the volume looks good Okay And again, you would be buying up here based off of the order flow and The candle but beware here Because this is exactly what we we saw down here, right? So it's bashing on one side coming back in collecting some volume in here training it right back into the middle Okay, right back to 17 here All right, this is trapped volume Okay, let's just look at the candles Let me get that drawing tool out so the um The move up above right this is this is your your candle buy pattern, right? Okay, actually now it's looking pretty good All right. I'm I'm this looks pretty good for it for the continuation up here All right. I'll explain why I mean look at your candle first and it pulled all the way back here Retested this area down here Okay, and then we get more buy volume up here Okay, so we have some buy volume more buy volume And uh, and now we we have any have even more here All right, so we're looking for Uh in the order flow these these buyers in here to move the market Okay 25 first stop 30 second stop now the reason that this became I think better Is because it already did this retest here Okay, so now we're just looking for and it came back up here and we're still finding buyers So, you know Yeah, okay seller may came in may come in and slam on it and and come back down here again Okay, but because of this order flow in here and then here's your candlestick pattern This is your buy signal and then here's your breakout Does that make sense? Okay, whereas like here the suppose you bought it in here on your candlestick pattern Okay at 10 30 Well, you might have been stopped out Uh, you know The weaker hands are going to be probably stopped out here or in here Uh, maybe down here Bottom of the range, but what happened price came right back up and there's more buy volume up here Okay, so we're looking for a breakout Okay, now it's battling here Uh and and hey, we never know so You know, let's say let's suppose the sellers come in here and just step on it and and really just pound the bid And we see big red dots in here Well, then likely we're going to come right back down to the swing around the 17 and a half Okay, and this with all of this buying in here is trapped then we look for not only 17 and a half Maybe a stop run Okay below that uh and continuation on down All right now did we get that? No not yet I'm still we're still finding buyers in here Okay, so still looking for them up here at 25 and then the breakout up into 30 Okay, candlesticks And order flow within it So this confirms your candles Now, maybe you're not a candlestick trader. That's fine. You can look at your volume profiles. You can look at Uh, uh your patterns Um, whatever whatever it is that you know, you you want to look at uh your your trending patterns. We can look at trend lines um Let's just go back and look at array Okay, maybe you're looking for this Okay, nice developing channel there. So maybe you're looking for buying down here I somewhere around 21 which makes sense get some people stopped out Uh buy off the trend line down at the bottom of this little range here. Oh, thanks timothy. I really appreciate it um, so um Yeah, I hope I answered your question there, uh on the um, uh icebergs, um So, uh, yeah, it's just kind of uncovering. I mean, they're they're using the hidden order for a reason Uh, and the reason is to to hide their activity Uh, because it might if there's like just a massive, you know bid or offer Uh, then it might scare the market away and they'll never get filled Uh iceberg brian, um is a subscription. Let me show you it is separate It works with global and global plus It does not matter So this is where you have to be really careful with the order flow in here because this looks great, right? But look at the selling coming in now All right, so uh now You know, it's a war uh in here Uh, and it's trading off of this trend or is breaking this trend line. However, we can also look at a smaller trend line in here What if we get buyers back up above here? Okay, so if you're a trend line trader You'd be looking for this you're looking for this to break Okay up here and then continuation 25 and 30 Right, so you may still be in this Uh, giving it a shot to come back up here all right, uh and um Uh, what if if you don't see that and you see the more selling here it's going to break And it's going to hit 17 it's going to hit 15 Uh 14 down here Okay, so it is breaking right so again like we have to be careful. We we had the right read Okay, and then we had There's some exhaustion here. We we did find some buyers not a lot though. Look at this this buy now It's obviously hindsight is easy Okay, we were looking at this though in here and we're looking for that breakout due to the reasons that we covered It already retested and came back up And we get more buyers in here, but we also noted like well more buying up here We we're going to get the break right and it it did get some just not enough Just not enough not this kind of buy volume Okay, so the sellers come in and this is this is where they just just pounded it here But you could have gotten out on that the same way you could have gotten out on this one over here Giving me the shot it didn't work out Uh, you take the risk. Okay now i'm not Saying to to take any risks in here we're we're covering order flow Uh, we this is not a trade calling room. Uh, this is not about, um, uh You know a trading live off of this information whatsoever. This is not financial advice All right, so Uh, what we're covering in here is understanding these order flow events around these areas Okay, uh taking a step back and understanding that order flow and putting it together into a cohesive Uh, a more cohesive strategy All right, so uh, this failed here now This is a double top up here after that breakout and you can see volume here not so much here a little bit That's why up here. We're looking for that that potential for that move higher Comes back down. We looked at we drew up our trend line. We talked about trend line trading and we're like, hmm Okay, well, maybe if we get buyers up here We're gonna move to the top of the range and then 30 We didn't we didn't get those buyers here. We got sellers and we noted that That's when we're looking for at this point here. We're looking for the drop into Uh our 17 Here, uh, and then maybe 14 here 14 and or 15 I guess here And and that that followed through Okay, so We didn't we didn't get what we wanted up here We started to see this here and we got we got the follow through here All right, so, uh, anyway Different ways of looking at this and managing in this and keep yourself. This is basically turning into chop But you're giving it a shot to run and you're managing it. Okay So there's different many different ways to manage your trades, of course Uh many different strategies to look at. These are just a few ideas Okay, so, uh, brian, let me cover the stops and icebergs for you. Um, go to book map dot com uh, and then, um Click on the more button here Okay, and then go to the marketplace. Uh, in fact, you can go down here to this one mbo bundle Goes directly to it and that's the stops and icebergs. Okay, so it's the mbo bundle. It's market by order Uh data is what you need. It also comes with with the new trader map pro that we covered yesterday Uh, you get these are the indicators you get here. Um, so, uh, a nice kind of, um, List here of four different indicators Uh, you will need to just read the details here This is important because you will need to only trade cme group futures and you need to have rhythmic data All right, so if you're interested in that product This will work with global or global plus that does not matter, but you need to have global or global plus All right, this is sold separately and it's 134, uh, us dollars Okay per month All right, so that's how you get it. Uh, you can go to the knowledge base in here as well For more, uh, just click here And that should take you to the knowledge base Okay in the add-on section and stop some icebergs All right, so I hope that answers your questions Um, all right. Well, this was kind of fun. Let's take a look at some more candlesticks patterns. We we were um We haven't covered candlesticks in a bit. So I thought maybe we would continue on here Uh and and look for some sort of opportunities in the candles and then verify it and confirm it with the order flow Okay, so, uh, yeah, here come the buyers. I'm looking for them to try to take it right back up to, uh, the swing here in the candle And let's see if they can do that Okay buying looks pretty good. So I this is where the the sellers came in and dropped it from that trend line So somewhere around in here basically back to 21 Okay to retest this area here Okay, we have a buying wick here Now let's look at the buying in that wick Is it is it great? It's not so great. Is it? You know, it's not the greatest Selling looks stronger here okay, so, um We're seeing the buyers come in here above this little structure, uh, but uh, uh, yeah I don't know and a move back that to test the retest this high here Um, it looks pretty good right now Uh, but let's take a look here. All right, so um, the the wick Uh here Is made up of this buying in here. Okay sellers moved it back down the buyers moved it back up Okay, here's our new candle and it's looking pretty good for retesting up here to the top Okay, we're back at 21 already that that's basically we're looking for Uh, was where they dropped it here Okay, if we get more back up here Then it's looking great for trading back up to the top of this range 25 Uh to uh our 30 back to our 30 Okay, let's look at the the dots in the sub chart here within our candles Okay, so uh Well, here's our candle in here The volume that made it up between this period and this period this five minute period Uh, and there's more sellers in here Than anything else clearly look at the dots look at the bars Uh sellers remain in control from this point Okay, look at buyers trying to gain control right now Okay, so back to let's see if they can move it back to the top of this range here 25 and then maybe can get can get to 30 as well Okay, so again like you can see like candlestick traders that are just buying the breakout selling the breakdowns Are getting annihilated uh back and forth if they're looking for that follow-through, but we know better We're looking for um Giving these moves a shot here, but looking for the other scenario In the order flow if it if this one doesn't work We'll look for the other scenario. You can trade it right back down to the bottom of the range Back to the mean or the back to the bottom of the range Okay, this is looking good here. Look at that buy volume What when we started this webinar? What did we talk about this this volume in here? Has to be strong right to move it away from a range. This is strong volume. I'm looking for 30 Okay, and we should get a stop run to From this selling in here to be upended Here's another pattern within a pattern potentially it hasn't played out yet a strong volume pullback Followed by strong volume And that's what we'd be looking for and that'd be your flag pattern Or continuation pattern Boy, I don't even like you know the strong volumes here. Let's just take a look break this down a little bit more This has a high probability of failing here this this continuation pattern strong here strong here, but not so strong up here Okay, so we got to see buyers strong back up here around 26 Uh for this to work Okay, so other than that we're going to get our sellers and they'll bring it right back down to 22 or maybe even 20 All right, so see how this can help here understand. Okay, it's not just the dots It's the liquidity and the relationship between the the aggressors here Um the market buy and sells with the limit buy and sells Okay, here here we go. So it looks like our flag pattern looks like it's going to do it Right. Look at the strong move here Again, you know sellers. This is why these things work unless there's just a massive seller that comes in They're going to step aside. They're going to let this move work up into 30 high liquidity All right, that's a strong move So still looking for 30 Uh, and then let's see if we can get a stronger move Let's let's zoom out here. Okay 30 looks great Just to test to 30 Okay, 35 liquidities up here at the at this swing up here I still like it. Here's why even though it pulled this is pulled back here Look at the buy volume up here Okay, look at the selling in here that drove it down. It's not so strong All right, this is where you can mix and match your things. Maybe you're looking at your trend lines at this point buying off of that trend line now Looking for 30 Okay, again, this is not financial advice. We're just going through order flow Okay in different ways of reading it and understanding that and integrating it within the way that you trade Okay, we're getting more insight here Due to the the order flow Uh-oh looks like I have some some data issues here. Can you guys hear me? Okay, so I'm back it looks like the the data is back now. Okay Um, sorry about that guys. I had a little bit of a data loss in here as you can see Um, uh, where have I been? Thank you. Um, yeah, I was away. Uh, and uh, a few different trips um, and Both business and pleasure. So, uh, uh, anyway Let's let's see it. I mean, I like this volume up here. This was a strong move. I'm and it was a strong pull back too But I'm still looking for the buyers up here Okay, there look at the selling down here. Look at the buying come back in Come on buyers get back up to 27 and then the pop up into 30. All right, then we'll go back to discord here Okay, thanks rob Yeah, it was weird. I didn't know if I lost complete. Um Connection here if it was just uh rhythmic data All right. Well, again like looking at the candles here I got to see the volume up here at 27. I got to see it If I do We should get it's a higher probability move up into 30 Uh, everything looks good Okay, now really it it's so important. I I feel like uh That you know part of your plan is to go through the other side of the scenario And then you just become a robot If it does this I act I react this way if it does that I react this way So you protect yourself and you're looking for something higher probability. That's your edge And you're looking for it to work out and continue boy, it's really We should get it here. I mean, it's it's looking better and better Uh and still building so just looking for sellers to get out of the way Uh and looking for buyers to pop it and uh and we should get a stop run too Okay, so I am looking for a stop run real real quick here real soon Okay candlesticks look good. Everything's looking good Okay, it makes sense Okay, now here's a way to kind of protect yourself. This is high liquidity up here. That's your target Take some off Okay, 29 is high liquidity. It's already traded into it Okay, now in this case that would be about a five point s and p move that we're looking for We said somewhere around 25 to 30 Uh and uh, you know something like that And uh, you know, what I'm trying to say here is In this smaller move that that is one way to consider the management Uh and then hold hold your runner Okay, looking for the continuation. You can exit your runner at any time You see something in the order flow that says like I should get out just get out Uh and maybe you take um A small profit on the runner Or maybe don't lose money on it though. Uh, just get stopped out at breakeven plus Uh cgi stream monday tuesdays and fridays Okay, tomorrow we have j trader uh at this time and then scoppelsenia on uh Thursday Okay, they will be trading live scott's futures j traders stocks This is still in play guys still in play Still looking for 30 Okay, just pulled back here All right, what are our candles telling us not much? I mean Yeah, it's still green. It's still closed higher over this one. So and we're still getting buy volume in here, right? What about the low? It's still It didn't make a lower low is the structure is still in play Just looking for these buyers again and then the move higher. Here we go. We should get it go guys Now the the sellers are still battling it in here. They're really like, you know look at the Let's turn on the market pulse I want to show that in fact, I wanted to get to something with the market pulse yesterday this new new tool that we developed here and What I wanted to show is the I wanted to play not just the let's let's start with the s and p Okay, and we're looking at volume pressure in here Okay, so you'll be able to hear it actually now, which is this is really cool And I'm also going to play the NASDAQ one And we'll get to that. There's our move guys beautiful Can still looking for it to continue the momentum 35 here next like next level is 35 here Uh, and it's strong volume now. We were anticipating a stop run, right? Here it is Here it is. So it's uh, let's see at negative 91. What is it down here? Of what there it is 274 stops triggered Okay, so Let's see if we can get this flag pattern here though more buying again and then up to 35 Now one of the things to note in here is, you know, all of this back and forth in here and how like, you know Kind of difficult it can be to oh is it, you know, oh, there's sellers here. There's buyers here Once you got this in here, it's so much easier You know, you're just just looking for them. They're moving it away from an area Burb the market's moving away from an area, you know buyers are moving it away Uh, and it takes high volume here. So you just you just ride it Uh, whereas, um, all the back and forth here is we started the webinar off talking about this move here on the sell side The stronger move Still looking for 35 to test How many other way I'm gonna I'm gonna do a poll in here Um Let's ask it. Do you trade candlestick patterns? Okay, since that's what we're going over here So get your get your vote in There's 35 guys and Look, I mean at this point here, like, you know, I like taking some off at my targets Um And then and then just looking for the next one Uh, but we we can we can like Suppose in this fictitious trade here We could continue to stay in it And then and wait for order flow to tell us to exit Okay, now that means that it might be, you know Give back quite a bit here. That's another reason why I I like my targets I'm looking forward to trade in here. I take my profit and I look for the next one um, so, uh But order flow wise in here, there's no reason to get out yet Right traded in that highly quitting. There's still more buying. We see other stops triggered here as well But there's a lot of buying coming in Okay, so, uh, not until we see something different that we Would consider, um Managing it differently. Wow. Okay. Well, we've only had a few people in your 17 votes so far Uh hit hit it up hit it up guys. Um Hit the like button if you can as well. Uh This is the kind of content or feedback that we get That helps us Like do you want me to cover more candlestick patterns? If so hit the like button hit hit yes here Uh, so so far like uh, we got 29 votes in there. It's still hovering at 60 percent So most of you guys are looking at these Okay, we see a few people saying no now so Understanding the candlesticks in here, uh can and and then it's really the order flow. I mean it sounds kind of It sounds kind of cheesy to say, um, but I'm gonna say it It's right on our homepage here. Check what candlesticks are hiding is true though Here's what's going on within the candles and that's what makes these candlestick patterns happen It's not because it's a candlestick pattern if this move in here now. We noticed it all the way back in here, right? uh, and uh even earlier, um, and we were looking for some of these moves to unfold, uh, but, um Looking for there's more buying and more buying and like they continued so You know and we saw the volume behind it. That was the key Uh, we didn't uh this our our our target was the high liquidity Okay, and then we saw even more and it's like, okay, we can still look for 35 another easy five points on top of that uh, and uh, uh, like I said, I like to take my profits in some of these areas and just look for the next high probability trade Uh in this move in here There's still no reason yet Uh to get out Okay, just note that you may be giving it back right back to 30 or maybe even back further Okay, uh back to maybe 27 here Okay, it could even dump all the way back down We don't know uh, but um, uh, we we look at the volume and the liquidity here within that candle to tell us Okay, so let's let's take a look here at our our poll. We've got uh, 54 percent Uh so far saying that they do So a lot a lot of you guys came back in and say no, you're not looking at candles. Okay It's still a majority not much but still I mean, you know the problem is It's it's really this I mean, I should probably stay off the diet diatribe here. Um The the problem is that that it's what everyone's been looking at for forever Some sort of bar data and this all developed. I mean in the digital world in here, we're still looking at bar data I mean, it seems kind of insane uh The only reason that these were developed was because back in the day like uh, it would be it would be a day bar Uh, and they'd mark them up um Here, let me let me let me show you what I mean. Um Super simple stuff and it's still this way Um, oh and this is going the wrong direction. All right, let's try it with stocks Still going the wrong direction. All right. Let's try it with all we have to do is look at uh, reminiscence of the stock operator or something like that. Um and um Oh god, I I found this so easy before. Um, now I'm Uh struggling to find it. Um, but back in the day like, you know, what basically, um, you can look it up in in the books Uh, and they they just You know what everything was just hand drawn Uh, and where did the market open? Uh, what was the high what was low and where did it close? draw bar And then uh, if you want a super sophisticated high tech would be to draw how much volume traded in the sub chart It's still the same. Look at these candlestick charts. It's still exactly the same so, uh It that's that's really really funny How much does this really help us here? I mean, I guess it's good enough. It's been good enough all these years. Uh, but uh, there's so much more going on Where's the volume exactly trading that how about that? Uh, like here's our on the candlestick chart here. This is a five minute. Let's turn it into 15 a minute This is an hour and this is a daily over here where exactly is in the sub chart This is not telling me anything where the volume is trading Okay, I want to know here like in the candle in the wick. What is that wick made of? Hey, look at the sellers come in they're going to try to trade right back down to here or down to here Okay, down to 30 Okay, so here's why Look at the wick up in here That's uh buying up here rejection though Look at the the nice little cluster of buying up here But sellers come in down here Okay, so sellers now have got these guys on the ropes here If they can continue to sell Okay, so we're looking for within here We're looking for our exhaustion on on the buy side and we're looking for sellers in here right here Right now to drive it back down to the bottom of this range and back and back down here to 30 Okay, and then we'd look for a stop run also down in here Hey, due to what we just covered the buyers up in here All right, so now again like your your trade man How does this help you how's this with your trade management? Well, maybe you want to take your risk off now? Right because you know that scenarios is likely Okay, I don't know if it's high probability uh quite yet, but it's likely Right, so you just save yourself some money Now who knows you know might come down here and then the seller is exhaust We find buyers in here and we come back up to new highs Okay, but it's all about the risk management And what what fits with you? Okay, so Let's see if we get enough sellers here and then the stop run down into 30 Still looking for lower Looking looking for 30 Um, let's see. Let me get back to questions in here. All right Well, I was hoping that poll would help us more. It's it's kind of murky. I mean still the majority is 54 percent we'll we'll end it here. We got about 48 votes uh, so um Uh, we should have you should see the results there. Yeah 54 say yes 45 say no uh, and um All right, so we should cover it basically Uh But we should cover other things. So let's let's say um, what more would you like to see? Uh besides candles Can I do another thing in here q&a? All right, let's try that q&a. Oh, uh, yeah, let me know. I mean, uh, I know there's a lot of volume profile traders out there uh Maybe pattern traders as well How you trade the open, uh Rare a footprint. Okay. Uh footprint is pretty similar to to what book map is showing already Uh, you're just getting actually quite a bit more data in here and is but the the difference is is graphical Mike, um Like uh Basically your footprint is a bar of data here It's going to be an aggregate bar and then it's going to show the volume within that bar But what we're looking at in book map, for example, let's suppose a five minute bar and footprint Well, you're going to see all sorts of of buying up in here But here's really what happened because we have the structure here You know down to microstructure is buyers came in went back and forth here buyers came in up here and it failed Okay, so this is the trap volume up in here and the sellers move it back down Uh, we didn't get down to 30. Okay. We got down to almost 30. We got down to 31 And we still might we still might get down there Uh, we can go over open moves. Sure. Uh, the open moves is typically a momentum move It's a volume event and you're looking for uh, that volume to continue Okay, now that I I guess that's maybe a simplistic way of putting it but like, uh, here's our our cash open here Right. Here's our sellers. This is all over the place though sellers buyers Sellers it looks like a pretty good move like in here, especially here Especially here This looks pretty good for the continuation down to 02 or 03 Right. Look where the buyers snatched it away here and then drove it the other way Look at the stop runs on the other side. So the volume event in here was not the continuation. It was a trap Okay, and then and then the continuation move was this move here And it came all the way back to Right, and then it came all the way back up again and then finally broke out. Okay, and that's what we were looking at right, so anyway, uh it's it's a depends on the environment here, um We can take a look at our higher time frame in here at open as well And you just see it back and forth in here. Basically what is done is it's filled the gap up here Okay, it opened down here On this 15 minute chart and it's come up and filled the gap. Okay from where it dropped from on the overnight All right, so are we going to get enough buyers now to continue to move on up into the highs? I don't know So anyway It would be very similar to some of these other moves in here. We're just looking for high volume Okay, like this in here When we saw this start to unfold and we were looking for it for a long took a long time Right, I guess I can end that. No one only got a few answers in there On the question. What more would you like to see besides candles? Yeah, so here they are right here's those sellers, right? So now it made us look good to get out here, right? Uh, you would have been out probably in here at least I would have been when I saw that selling coming in I would have exited. No, I would have given up, you know my two or three points in here s and p points Uh Mike oh the um the question was we've been covering candles in here um to a pretty You know high degree at least like uh more than anything else uh and um What more would you like to see besides candles? Yeah, we actually do have footprint um as well. It's kind of um in the works But uh, uh, I don't really have any details on it Again, no like like I'm saying like you you can see it graphically here in the dots And you actually have more more information here than the than the footprint Right, you can see look at this move here. Look at the pullback. Look at the continuation There's your flag pattern. This is what makes up your flag pattern And now look at them move the other way here. Let's see the impulse move here Maybe back up to about 31 and a half Yeah, look at see the liquidity here the reaction 31 and a half And let's see if we can get like kind of a maybe a bit of a pullback and continuation Back up to maybe 33 and a quarter liquidity Uh updating the drawing tools. Yeah, it's in the works Sean Can you split it split it up dots can be viewed as buy sell? Yeah, it is right now. It's by delta right now The um, let's go through it in the volume dots Volume dot here or volume dot with total volume here So right now it's kind of split. Um, it's either going to be a red dot or a green dot because it's the buy minus sell Right in the delta So your footprint chart your footprint reading in here. Well, I could tell you what it would be Like uh, uh, this is you'd see that strong move on the sell side Okay, you would also see look where they read look where the buyers retested back to Where it dropped from here now. This is this is where footprint also, you know meshes very nicely with uh or complements of volume profile So this is a breakdown outside of the range a retest here And then you'd look for that selling to continue Uh, and then we're looking for the move down to now 27 26 maybe 25 right look at the selling pick up now Let's see them move it away from this area here the selling's pretty strong Let's see them move it away from the area here Okay selling strong down to this area now we look we have to see the continuation Else this is just trap volume on the sell side. They'll move it right back up into, you know, these other ranges here uh, now something I wanted to cover um before um We go at we'll end in about 10 minutes or so uh was this um Market pulse uh product that we just released uh, and we covered it yesterday And uh, you'll hear it now. I'll turn it turn it on Um, we can look at the s and p in here like we did yesterday, but what I wanted to cover yesterday was uh Not just how you can hear the market come in here uh with the um S and p but correlations This is a really nice thing in here. So we're going to look at correlations instead of just the s and p All right, so let's let's go over to the NASDAQ here and let's look at the settings in here Okay, so I got it down to three minutes 10 seconds on the half life Uh, and uh, uh the threshold 56 and we're not getting too much out of it Let's move that threshold down and hit apply Hit a 38 Okay, so what i'm looking for now is a correlation here in volume Uh, and uh, yeah, that's a little too too low because if if those buyers come in and they're just going to really annihilate it Um All right, so what we're going to do is we're going to listen to one market And we're going to look at another And if we hear Lots of buyers stepping in in the NASDAQ And we also see lots of buyers here, uh in in the s and p we've got something stronger This is a great tool. You don't have to look at multiple charts. You can just hear them Okay, and what are we getting right now? Nothing Nothing at all We even had to lower it down to 50 and we're still getting nothing All right, so there's nothing to do Uh, if you follow your correlations Right, which makes a good sense to me. I mean like I really like correlated markets Uh, and um It's all relative value uh back and forth Um So You know everything's related to each other I believe uh, so, um It makes sense like if the dollar is strong people are going to be pulling Money out of the stock market. So they're going to be putting into the bonds You know the emerging markets so that that thrive off of a cheap dollar are going to get annihilated And uh, maybe even default on some of their uh bonds All sorts of things are going to happen prices of Goods are going to go way up So housing markets are going to um, all of a sudden get expensive, etc materials Uh commodities, uh, so, uh But it they're all inter related And uh When the value of one changes is going to affect the other So now we're just looking at a very simple correlation highly correlated market Is the nasdaq compared to the s and p Uh, and we're looking for volume in that nasdaq to pick up And it's starting to right now Okay, so we're going to start to just turn it on here, but both are both are right now, right? We're not seeing too much of an advantage here Um in the uh in the nasdaq Because it's both right, so we just it's a battle basically So Yeah, we're just not seeing much So just let the battle unfold basically Don't get caught up in the battle and and get whipped around in here. We're looking for the victor Let's see. Can you tell us what you mean when the red and how to read the red and blue lines? Uh Yeah, the stop stops in icebergs. Uh, yeah It just means that there's where iceberg transactions on the sell side. They're absorbing 81 Okay fully executed e means executed This would drive you nuts. Yay. Um, yeah. Well, you can you can filter it. Um, you know, you don't have to listen to all this, um You know nuances in here Um By default, I think it's around 70. Um, so we can we can move it back there. I was just trying to demo it I'm trying to demo we're looking for um either buyers or sellers in here to match or maybe even give us, um Uh quicker insight, okay that usually the nasdaq moves before the s and p So, yeah, here's the nasdaq moving. All right S and p moving. Do we have a bottoming pattern? Not bad I think we can trade back up to 30 Let me turn the volume down guys. Sorry So, yeah, here's our here's the move. See how it's correlated in here This is stronger, right? So if it's a stronger move Then where might they go? Okay 31 the swing here or high liquidity up here would probably be You know some some areas to take a look at Okay, and again, we're looking for Buyers to move it away from this area in here Now got to go through that opposite scenario. Does this volume look that good? Not like before, right? I mean the scenario is still open and it might do it It just doesn't look as strong as before. There's strong selling. There's strong buying There could be equally strong selling yet again in here. So it might be a false breakout Right, so you you you got to put those things together in here To try to like Basically you're building an edge and you want that edge We're we're trying to Bring in a correlated market here and trying to demo that In here for a stronger edge Okay, so we saw some of that that buying but then we're in the Nasdaq. We heard it Okay, so And then look at this move here Nasdaq's not necessarily buying Be careful with that then It looks good here on the chart looking for the move to 32 and three quarters or maybe 30 34 and a half or so Yeah, now the Nasdaq's moving. Okay, great Let's see that continuation here in the s&p beautiful See how much this can help you Still looking for let's see if we can give that Nasdaq again. There's still buying on the Nasdaq Still looking for it to go higher Still buying Nasdaq Just looking for momentum now to continue and carry it through Maybe back to 35 Uh, this liquidity up here 36 or maybe yeah 37 All right, it's a great tool guys play around with it. I think you have free access to it right now For like a month It's called market pulse, uh, kc. Oh, let me show you where it is Okay, again, you you go to you can start from bookmap.com go to the more button here Uh, and then go to Knowledge base Or it should be in here um We go to the market market, uh, yeah, here's the market pulse. Yeah, it's free right now Okay, I think um, let's see the details here click on it uh, and now I'm showing it here in the in the um Uh in the bookmap marketplace. This is where you purchase these things. Uh, we can go also to the um Oops, uh, we can also go to the uh the the knowledge base here. All right, so, uh, Uh, that that'll explain it in much much deeper Um, uh detail Okay, and that's what I was showing earlier. Uh, if we go here Bookmap.com more button knowledge base Add on section and then market pulse, uh, which is Here Okay, so if you can find it in either place, there's a video we did in here. That's why you should probably go here. Um Yeah, I'm sorry brother, uh, uh chromatide. Um, yeah, we were we were looking the poll was on youtube. Sorry about that All right. Well, look look at this move up here. We're back up here. Do we hear the nasdaq? No quiet as can be right, so That makes this More likely That it would be kind of mean reversion or a move back down into some of these levels here retest some of the lows Or swings down here Okay, so, uh, I just don't see any correlation right now So when all of these markers you can look at, you know, the the the ym as well as, um The uh, the russell You'll note that when all of these start to pick up the moves are just powerful as can be Uh, all all at the same time now the nasdaq's starting to pick up a little bit Okay, but nothing real nothing really hard. So basically let's look at this scenario now Okay, it might it might continue on up But i'm looking for this scenario here Sellers at 32 and i'm looking for the nasdaq market pulse to really pick up Hey, and then looking for follow-up, uh, or follow-through in the s and p as well And we're not getting it Hey, it had to be down here though, right? That's what we're looking for that had to be down here So you would have stayed out of it Uh book map started about 10 years ago or so Brian And i've been with him for like eight years. Okay, so the the scenario that's playing out Is the uh, uh the continuation move here Okay, this this is this is kind of hard, right? It's kind of hard to We're getting the the correlated markets here working so likely to get continuation But it really picked up up here And now it's it can slow down up here and get sellers pick up up here to move it right back down We want to see that's why we want to see that strong those strong moves And that continuation move and that we want to look for the correlations You know at some of these other levels like here if we heard it here that would have been a lot better For the continuation move. All right, so yeah, right right now nasdaq is still still buying here, but um Look at the sellers start to pick up So anyway, you know, this is what this is confirming is that it's not a high probability move All right, so I hope that does that make sense Let's see. I didn't did I miss jonathan's uh question here once you I once heard me subscribe the upper and lower levels of high liquidity or magus. Yes, that's true Uh and liquidity that suddenly appears in the in the book Tends to uh repel price doesn't have to But it usually tends to Oh, yeah, well like I mean, it's just how it works like, you know, the market it kind of advertises up here like this is where you can find sellers See how that that this market pulls thing we we read it Um together with uh this s and p volume in here and just wasn't a high probability or you know We didn't have what we were looking for we stay away from it um, so yeah, it's um this we get this question all the time about the liquidity I think let's just jump over to apple and take a quick look This I think exemplifies that that much better Uh, this is high liquidity at the cash open here 9 30 a.m. High liquidity larger players They're advertising basically this is where we can deal If you want to meet us, we'll make the deal Right so these areas act like magnets if there's enough buyers in here You got to have the the the aggressive buyers want to trade it up to these levels here If you don't get that then you get this down here See how the buyers wanted to trade it back up into these levels here at the open Well, these guys are left hanging down here at 140 140 or 139, etc um, so uh In and you can see how on the offer these areas acted like magnets now the opposite is That lower time frame high liquidity that pops into the book here can repel just like this Look at this high liquidity high liquidity high liquidity. We're not finding buyers Okay, but what if we did okay, you'll see it like maybe they will come in here and we will find They'll come in with high liquidity here. We will find buyers. It won't repel it Right. So again, it's contextual. So here they are right up here, right? Let's see do our buyers interested now in trading it up to here or Does it repel them and we just continue to find sellers? Drive into the lower levels here And it seems like it's the sellers still driving lower All right, so it's contextual Is the answer uh, jonathan, but uh, uh, it but basically you can see how this is working All of a sudden high liquidity pops in the order book here and it's repelling the buyers Okay But you'll see it at some point though, especially down at these lower levels You'll see them maybe put high liquidity in again, but the buyers will take them on And that's when it can be a start of a reversal pattern as well See how they went for this 142 liquidity right here And it would kind of been in and out of the book for a while So I hope that answers your question All right guys, we covered a lot today um We typically do uh, and we looked at um, uh candlestick patterns ranges We looked uh at um, understanding the the liquidity within the candlestick as well as the um, the the candlestick pattern and the and the volume In that context, we're looking for certain moves to play out based off of the candles only If it was confirmed by the by the order flow Then uh Let's see. What else do we do here? Um, oh, we talked about stops and icebergs, uh, and Now we're talking about correlations in here. So a lot of stuff here today guys So it's recorded it's up on youtube guys if you like this, uh, please give us a um Oh, thanks jang. I really appreciate it Uh, we'll do we're we'll get more and more in depth here. Um with maybe some trading strategies, etc Uh, you can see where I'm going with this. I mean, I don't want to We put a poll in like only 55 percent are looking at candlesticks So, you know, we can cover candlestick strategies About we should cover more than that, right? What if you're trading something else? What if you're trading patterns? What if you're trading volume profile? What if you're trading, um, uh, I don't know Channel support and resistance areas, um, whatever So, uh order flow applies to all of it. It's what makes up all of it. It really is It's not a lie. Uh, the candlestick patterns are meaningless without the volume and the liquidity. It really is And here it is in front of you, right? It the Footprint charts do a pretty good job Because at least it's it's showing you one side of the transaction Uh, at least it's showing you the aggressors within in the range Or in the in the bar again though two big drawbacks. Number one is not showing the other side Which is critical Look at this move into liquidity down here and then look at the buyers come back in To the liquidity up here and the sellers come in Uh, that's one and the other element is, um, uh, the the price structure Uh, is really limited, uh, in your footprint charts, whereas in here we can see You want to understand what what a trend line break is all about? Here it is Look look at this, uh, beauty here Right and look at the buy volume come in It's you're not going to see that in your footprint chart Uh, look at the exhaustion down here. Yeah, you'll see the exhaustion on your footprint But you won't you won't be able to put it together with understanding this context in here And then and then also potential stop runs to the upside Et cetera Anyway guys, uh, let's wrap it up. Thanks everybody. If you like this hit the like button really helps us subscribe to the channel And uh, uh, tom b is next stay tuned So you can come over to our, uh, discord channel or you can also watch it again here on on youtube All right. Thanks everybody and we'll catch up tomorrow Uh with jay trader. All right Yep, take care. I'll uh, we'll see you, uh tomorrow. Bye. Bye