 All right, good morning traders and welcome to the book map live trading webinar. This is Bruce at book map and be live Real-time analysis here forward-looking not hindsight and the the concept is very simple We have an educational course on order flow. It's free and the concept is very simple and the This is the follow-up to that course to put it to the test in real time So you can follow along We will read the order flow and then we'll give insight to where we think price may go next due to the objective reading of the order flow and If we do a good job objectively reading the order flow More likely than not the move will go in that direction. So This is what we're here for is to support you with the Understanding order flow and also book map at the same time We do this Monday Tuesday and Friday and then we have real-time analysis also with stocks trader J Trader on Wednesday and then scoppelsini on Thursday. All right, so let's get into it here. Look at the S&P E-mini Futures products here. We can look at stocks. We can look at whatever it is you guys like so Just let me know we can look at cryptocurrencies. So but most people want to look at the general market and the S&P So that's what we do All right, just a quick overview here What's going on? Well, we had the PC PCE data this morning Good number Which is bad for the market right now. We're in that environment obviously due to the possibility of raising interest rates and the market has sold off and And we just had some housing data as well and it looks like the housing data was a little bit better than expected as well and Yeah, right here at at 10 guys when you see this here, you know When you see something in the order flow like your your right edge here starts to dry up in terms of liquidity I mean this just Exemplifies how the markets work You know what happens during these events? It could be a geopolitical thing. It could be you know, I don't know at Some sort of meeting at the UN or you know, whatever it might be And you'll start to see that the liquidity starts to dry up here. It becomes dark in some of these areas Something's up. So just note that you'll you'll be able to read it here in book map And then the number comes out here at 10. You can see the little bit of volatility in here not much But all it does is trade down to this liquidity that came in a little bit later And that's been it so far. It's bounced out of that area so far. It did not even come down into the 3950 so Yeah, just wanted to cover that there so yeah, we're obviously in a downtrend and Let's also take a look at the Much bigger picture and then we're gonna look at the very specifics here in the order flow much bigger picture Let's start with the daily here on the left. Just simple candlestick chart And what's going on then the hourly in the middle in the 15 minute here on the right So the daily here well, we've been waiting and watching for this for quite a while up in here This week we finally got the break away from this area in here you probably Saw in scott's video yesterday or a stream that you know, this is exactly what he's looking for these when it is breaking away from these areas and moving And this is when we want to jump on board Well, it said For those that like the momentum strategies. This is when you jump on board And you're looking for driving this down to and I would say that from my perspective looking at just some of the swings in Here, this is one of them right here. We talked about this last week. In fact Or I'm sorry earlier in the week We're looking for the move to these potential swings down here 39 63 We just spiked below it here and we're kind of right at that price level right now And the next swing is down here. Okay, somewhere around this 39 10 ish Or 3900 the figure So if we see more sellers come in well, maybe then we'll we'll see the momentum continue on down into this area down here Let's look at the hourly here and what we're doing here is we're actually using the same process in order flow That we will in book map here But we're applying it to the candlesticks and we're understanding just Speculating more I guess on what's inside the candlesticks here book map will show you it precisely what's inside the candlestick And we're using the same Analysis though in general to understand that You know, obviously we're gonna see some some big volume on these moves. Where is it taking place though? What is the order book look like does it trade areas of high liquidity on the bid on the offer etc? And what we're doing in here is just looking for acceptance and rejection Away from or in these areas here. So this is Rejection or a move away from this consolidation period up here for several days And then now we see the move away from it. Alright, so let's let's look at the same thing here on the hourly chart So we just have a couple of candles here. This is regular trading hours and Kind of interesting move yesterday all the way back up here not quite up to the swing So sellers remain in control in this move here And even though we got a retracement all the way back up here. So look at the overnight, you know and the gap down here So sellers remain in control 15-minute chart just these are really big swings back and forth here move down move back up move right back down But we're into our area here. And this is where we want to keep an eye out What's going on the order flow at this area? So good. That's good for us. We can come in here and take a look And we'll probably see something hopefully during this session Rob the trader to see good morning If the title is right here, actually it's The trader map for we can go over it. It's actually not quite right. This was a A Copy of a previous webinar, I believe so Yeah, so the title is not quite right But we can we can we can make it right if you if you want we can look at the trader map pro Trader map pro has been pretty amazing. I was gonna cover some of the 7.4 new features There's not too much to go over There's a lot like, you know under the hood that we don't know about that's going on but You might have seen the digest release for 7.4 Okay, so anyway, let's Let's Take a look at the order flow here and start to dig into the details Okay, so Yeah after that housing move one slight you'll note this one right away in 7.4, which I'm using it's beta guys Please note that it is beta and you will You know if you are trading from it there there may be well, there will be a highly higher likelihood For a crash Just just note that so the look at the crosshairs note how it goes across the columns now and not a big thing but Might find it helpful, especially you profile traders All right All right. Well anyway, let we can just go through a quick analysis in here And start to understand that all right. Well, we came down into high liquidity here here and Did not make it down into 3950 here. We've been bouncing around back and forth in here We have some data in here Right now at least volume wise we know that the buyers are in control on this small move here so far Okay, now we're gonna look at that same idea and concepts here on a smaller time frame in this little area here sellers are in control Hey, here's the swing up here And we do not see buyers back up above it. All right So I'm actually looking to see if we get sellers down here and break this level and come back down into 3950 all right, so let's look at that scenario here And and start to understand What's going on here? Let me clear those drawings And we'll just read the order flow here. All right. Well, they pulled this liquidity here at 56. Hey, do we see sellers? Not yet. Not yet. In fact, these are buyers coming in actually let's look and see if we get some buyers back up here at 58 And maybe they can push it push it back up into 62 here Order book is supporting it a little bit there Okay, yeah, nothing nothing great right now Nothing too conclusive here Not getting too much out of it Okay, so what do we do nothing? We're looking for something that gives us really good Understanding of the participants in here the players. Okay. Well here come those buyers now Still don't like it like this We got a pullback already to where they came came in and bought here's why that We want to understand that the kind of relationship in here in this little range in here It's all the sudden what happened is buyers just came in And that's it Okay, so we might get we know it's a stop run here. We could get sellers right below it right here at 57 Okay, and if we do we can come right back down to 55 and then all the way back down into 3950 All right, so this is just a kind of It's not sloppy I would say but it's just out of the blue these this buying came in here Okay, and then out of the blue sellers drove it right back down. So we're right back to where we were Right and that doesn't give us much insight here Okay, now we're got we get some sellers down here. Did they stay in the book here? No Okay All right, let's see it then sellers Let's see it another move here selling starting to pick up now We're looking to see if they can move it and they cannot Pull back all right sellers one more time right now Let's see it and then they can pick it up a little bit We should get the move down into this 53 and a quarter and then maybe some momentum behind that here Okay, there we go. There's the push Still looking for them to attack this liquidity here at 39 or 3953 and a quarter Yeah, they they pulled the liquidity on the on the bid here. So They have not gotten filled sellers still remain in control here. So still looking for this to go lower Any any questions here? Okay, there's our 39 53 and a quarter and look at the reaction there Okay, so we found some we found a few buyers We got a few different things in in here going on and Still haven't gotten the big stop run yet So I kind of looking for that still so still looking for this bottom edge in here Let's see if we can get a few more sellers in here And then try to get a stop run down into 3950 All right, but what what we do see is a little bit of a iceberg buying and high liquidity here and it fills Right. So we know that they got filled here. We're looking for a stop run though and a big one and then just this this to puke into 3950 just like everyone capitulates here and And then we're looking to see like maybe we can get it on the other side of the trade here Okay, looking for a long maybe at that point but Yeah, just we've got a little bit of a stop run there not quite enough still looking looking for a bigger one here and Let's see it sellers. Let's see the push here and We can get a really nice move into 3950 maybe 48 maybe even 45 here Let's see now. This is longer term liquidity. It's been in here a while Okay, and we're at lows of the day as well Hey, but we're looking to see If we can get this volume to pick up a stop run into it in momentum back down into this lower liquidity here Okay, that's what we're looking for Okay, what scenario one at least put it that way Scenario number two got to go over the other scenario what this might look like if that fails Okay, so we would look at We can just kind of draw up some Trend lines or channels here and what would that look like if it fails? Okay? Well, we'd look still look for this with liquidity to transact here and For them to stay in the order books. So there's our 3950. Okay, and All right now what this would look like if it fails here is we'd look for coming back up here to about Let's see This kind of 52 area here and then big green dots up here Okay, that's what we look for this would be that that would mean that this is all trapped volume here at that point All right, we know that they're getting filled down here. We see that we also see icebergs here We see our stop run. So this is looking good for that that scenario here. All right, so what do we do right now? Nothing now. This is not a trade recommendation We're just looking for this scenario to unfold We're looking for buyers to come in up here around 52 and then for them to break this little level and then trade up into maybe 54-55 area here. Okay, that's the scenario we're looking for Okay, or that's scenario number two now It looks good actually for that to actually play out here because they got filled here on the bid at at 50 And a little bit here in front at 50 and a half We we do have icebergs that are buying in here as well. Okay, it's not a whole lot We have a little stop run here that that's not the stop run we were looking for so that that doesn't play out too well for us, but Nonetheless, we do see some stops triggered here. All right, so now You can see that we they tried we got up here at 52 and here's a bit of a bit of buying not not much though This is not the size of the dots. We're looking for we're looking for this size here Right like these big red dots. We're looking for that up here, but just to be green Okay, that was pretty quick pretty quick move Yeah, we still didn't get what we were looking for You know, we're looking for those big green dots We we got a stream of green dots and we're gonna get us, you know, this is gonna be a squeeze to the upside here pretty soon but nonetheless like any questions on this analysis in here because the What we saw in here was good stuff Just didn't have quite the stop run we were looking for The the that the market really just kind of surrendered and then we're looking for a buyer So two different things that we didn't have on this move here one We had all the other pieces though. One was that we were looking for a bigger stop run and to We were looking for the big bigger green dots up in here and we didn't get that All right, so then, you know, you miss this All right, when you do see that it's gonna be a probably a pretty powerful move Okay, we have all these things aligned in here. Good morning, Alan You ran out to get some fresh squeeze wine juice. All right Are you in New York or are you down if you're down in Florida? I think right? All right guys, so again now we're looking to see if So we got this a nice little move here to the upside It's bounds. See how it's bouncing off the top of the range here Hey, I'm actually looking for sellers to try to take it back into the range because I don't see a lot of buying in here so I'm looking for sellers right here and Let's see it sellers drop it into 51 50 and then maybe we'll get our big stop run now Into all these areas down here 50 49 48 Maybe 46 Okay, another rotation and Let's see it sellers They're on the offer here. What's the relationship to that this offer this liquidity here this supply We're starting to see some selling Okay, everything's everything's looking pretty good if these sellers can hit it here I'd love to see these guys actually pull it 50. They are not Okay, but we have the offer here And you can see there's buying appetite for it. Okay, so that's that gives us some insight Okay, now we're getting our big green dots here. All right, I Like it better. All right looking for these guys to lift it to the top of the range And then maybe they can get up to 60 now. Okay. Now look at this pattern in here It's kind of like a double bottom. It's like a triple bottom or even quadruple But you know one two lots of buying here see this kind of buying This is what we were looking for over here, and we didn't quite get it. Yeah, these guys stayed in the book and got filled up here Okay, so that that complicates things these guys are not moving they're not pulling their liquidity at 50 They want to get filled here at 50 49 and 48 still in Florida. Okay. Yeah, you can reach out to Alan Alan's a graciously offered Help with book map and let me see in discord here Yeah, hold on a minute guys. I can't there it is. Okay. I got it now Good morning, Jack Yeah, yeah, all of these orders. Yeah, I'm with you like I'm look at this kind of spoof here and Yeah, I'm looking I'm still looking for these there they go So I'm still looking for these sellers to try to hit into this here it just seems like you know these guys want to get filled here and They just did here at 50 right look at this here. Here's how you can verify it Just look at this right in here Some of it started to pull but we can use the data tip tool 321 here 229 traded all right so You know most of that traded in here Okay, so they are getting filled right now here They are again looking again for selling supply to come in and kick in here and drive this into the demand down here Okay, I don't see it yet. In fact right now. That's our double bottom pattern So be careful on this unless we get another rotation and see sellers down here Okay, then it would be higher probability that will continue on right now we're leery about that because Here's selling on this one into high liquidity. Here's our retest no sellers buyers come in Looking for potential for buyers here right now and then again another squeeze to the upside like this up into these areas here or Higher liquidity up here somewhere 55 looks pretty good pretty good If we can get those buyers to come in now up there around 52 Yeah, okay. It's only three points, but This concept here works on all time frames All right, let's see it buyers looking for a squeeze back up to 55 here It's not a whole lot of buying though. I really don't like it again You know when we have that distinction and it looks good That's when we want to go with it here Yeah, the one thing is that this is what we also want to understand is the other side of the trade here Look it I know it it sounds kind of complex or double-talk it is not it's very simple. Did they get filled? Did they get filled? Right, that's it. That's what we want to know. Yeah, some of it got filled some of it pulled in here and You know, they're staying in here. This is where they got filled here, right? We know that Okay, so that's what we want to understand And then we can start to look for There's our move to 55 right there. Okay, so this this one played out Pretty nicely. That's see how we go through these scenarios and that's what we're looking for. Okay Well, I didn't think it was that great You know our high probability But it was doing it and that's what we're looking for All right, so now we're gonna go through the opposite scenario here All right, so what if we get down below here 52 on big sell dots in here really big sell dots right around 51 and a half or so This is something I like again and not a trade recommendation But if I do see that I would get in or I like to get in and trade it down to the level Take a little bit off and hold it Or if it just if I just see this hand over fist selling coming in I'm not gonna take some off Especially if they're gonna pull down here. I'm just gonna look for it to go all the way through All right, so another scenario Now why do we we're going through these scenarios in here? So you can start to understand what the order flow might look like and when it starts to behave like that We have something that will more likely pan out Yeah, another one Jack Jax all over this Another one is that action following down after the transactions up here this right in here now See this is like a spoof in here. These guys are they're layering in here, but they're not getting filled Okay, now this is just it's just cracks me up like how you know traders get away with this here like You know, is it a spoof? Well, if they got filled in here a little bit. It's not really a spoof any longer You know, I don't know how you're gonna prove all this kind of stuff That's okay. We don't care about that. We just need to understand the behavior Okay, so what here's our scenario guys looking for the sellers and this this bottom edge here around 51 and in three quarters and then for the sellers to come in and Drive it down into these lower levels here again understanding this kind of action in here that You know, it'll add to it and it's not Again, don't try to think of this as some sort of complex math equation This is these are just actors or players in the market and what they're doing is Showing heavy supply here, but they don't mean to trade and that is technically a spoof Okay, so I mean they have to have the money to be able to Put the orders in like this Right, but they don't have to get filled so they're not really I mean Taking the risk And they were able to you know get filled in here Maybe show high supplying and get price to come back down into these lower levels here Here we go again another rotation again like still still looking for the sellers down here and Then the follow-through whip whipping down to the downside here You know, we can even look at our measured moves in here Guys there's another feature I want to cover here for This new 4.2 our measured move would be like this Okay, it would line up perfectly For the move into 48. Okay sellers there. There's some exhaustion there on the buy side looking for our sellers here again right now and Then to hit it hit the bid hard here. No nothing yet Yeah, I agree the action on the offer. It hasn't really kind of followed down Well, there's a couple of different things on that Jack. They don't have to follow down a lot of times It just isn't isn't necessary to kind of skew the auction. There's just no there's just exhaustion there's just no interest on the offer and And the when the market sees that and it knows it really there's no transactions there It's a dead market and at that those price levels it will rotate to where it can trade And that would be in a previous kind of high volume node area here So here we go. These guys sellers coming in hitting the bid hard now 50 is just transacted Hey looking for them to hit it again And into 49 and 48 here so someone came in and just just you know hit the bid hard here So looking for a move here buyers failing to bring it up higher so far Now now they're on the offer a little bit Yeah, that little push though like like you're saying Jack like that that little push in here can can really be helpful you can see though like this is really choppy in here and You we're looking for that follow-through and You know we see even on the offer in here trying to push it and then and we see a little bit of trading down here It's looking pretty good like it's gonna do it And then what happens we're gonna see stop run here on the other side here So it's enticing us to get in here now. How do you handle something like that risk wise? Um, well, you know, there's one thing that I was mentioning before you kind of look in in some of these areas in here for exhaustion up here Some selling to come in here trade it back down into some of these areas here takes them off I think it was I can't remember where I was when when mentioned that And then and and then look for the follow through Move your stop down and get stopped out At at break even or or overall stop break even Okay, and that's it. You gave it a shot. It didn't work out Look for the next one is a key gamma level. Okay Yeah, I just want to show Jack something because you're bringing it up and and we're right here looking at this kind of stuff You'll see typically in a trend environment And I just not a good example Here today, but in a trend environment what you'll see is just highly let's say a downtrend is high liquidity on the bid high liquidity on the bid high liquidity on the bid and No activity on the offer. All right. Let's look at Apple. Maybe it's doing it Yeah, here's a little bit of a push on the offer here in Apple, but look at look at this trend to the downside Yeah, there's a little bit of action on the offer in some of these areas But a lot of times what you see is very little very little on the offer It's really dark on this side And then you know, you'll just see these areas here. You'll see exhaustion here Not much buying. It's a low volume pullback, but heavy selling into high liquidity a bounce Heavy selling into high liquidity a bounce Heavy selling into high liquidity, but there's it's really dark over here Is typically what you can see Okay, AMD is doing something like that. We can look at that AMD is pushing. They're pushing on the other side here So what yeah, I'm looking for them to Well, they already traded in the 7750 here. Yeah, it looks pretty 77 looks pretty good here Lot of selling here now this is really the key though We know they're getting filled here Multiple times at 7750. Okay, that's good to know what about The reaction after it trades into that high liquidity here Okay, well, I don't see much buying at all. In fact, see the selling coming in here I'm looking for sellers to drop it right now There's there's not much buying interest here This might be clearer to to read That they're selling interest into this buying liquidity here. That's true and these guys did get filled here But there's we don't see a much buying over here. In fact, it's lower highs on the way down and lower volume, too Okay, and then there is more selling here again a little bit lower here Okay, now it's back and forth in here So maybe we'll get let's see here if AMD Is gonna break this structure or hold it. I would look for it to hold it and then look for the the drop lower here Yeah filled here filled here filled here and getting filled here now that this is another thing to read in here They seem to want to get filled here at the 7750 right multiple times in this zone here, right now This is what can happen They're still getting filled here and filled here and price cannot go lower Right now we can go through that opposite scenario on the other side. Here is where we need to see the buyers if we do see that Especially around this point of control area then likely and we do see that buying pick up in here Then then we're gonna get a move back up to the top of these ranges and then also maybe break it back up into 78 Okay, meaning that these guys are buying and and sellers can't get through it All right, we'll come back and look at AMD in a minute here new new feature in 7.4 since not really seeing too much right now On the line tool here go into edit mode We'll edit the line here and Right click on it now and go into edit the the styling You can extend it right extend it left All right, so that's a new feature in here Wanted to cover that the big new feature in here is the add-on Manager in here plugins manager Which is great? so Yeah, you can add and install all your plugins it centrally centrally located in here. Oh, that's great That's you like that extend the line. Yeah Aloha Tony What what is they're telling you exhaustion? Okay, that's a good question. We'll go over that It just means a lack of of transactions and it and Exhaustion by definition is about all about the aggressor. It's not the Order book. Okay, it's not the heat map. It's about the dots Okay, so for example, look at right right up here just test it up here and we don't see any action here Okay, is it is it trading down here? Yeah. Yeah, it is. All right, so I'm looking for these sellers again right here to try to break it Okay, because they can transact down here. They couldn't seem to transact up here at 52 Okay, so there was no market here up at 52 now. Is there a market here? Yeah, so let's see them now trade into it and If they can trade into it likely We can also get price discovery that other traders will take will likely take it lower than two Okay, so that that is getting into auction market theory and exhaustion here. This is exhaustion up here Okay, I Think that explains it pretty well big. I It's a small example in here, but that that is the It's not a bad example, okay now guys, you know, we can talk about the risk management on some of these things in here and You know what you're looking for after this and you start to see the selling coming in You know, you're looking for them to take it down into the liquidity And then to try to then see this profile here be shape profile I want to see this to have a smooth edge at the end here that it explored and auctioned into these areas here Okay, right now it see it see it's failing right now. Okay. There is no selling down here very little We actually see buying here Okay, and and then if we do get that price exploration, then we will get the smooth edge in here It'll fill in here Okay, and then what will happen is it will fill in this area in here and then might maybe it exhausts on the on the sell side Really choppy action Well, we did see I didn't want to mention it at the moment as wanted to cover exhaustion Our double bottom even kind of triple bottom pattern in here selling Lack of of selling in here buying Love would have loved to seen a little bit more buying in here And then I would love to see complete exhaustion here on sell side. We do see some selling Hey, but see how that then it's like go for a stop run get up above here try to try to trigger stops Anyone who sold this breakdown in here is getting stopped out on the way up And this has been very consistently doing this the whole time We haven't had that puke move that we're looking for it's been really really Just touching into this liquidity and and looking for it looking for it looking for it And then the buyers come in on the other side Yes, I mean, it's kind of a wicked wicked stuff. I mean You know everyone kind of Larger players moving it away from these areas in here And just just kind of able to See all these transactions into high liquidity and then You know get to the other side in here and then try to move it away and get people stopped out And then it ultimately comes right back down again in here These are not reversal moves. Let's look at AMD here AMD doing the same thing it traded down to 40 and that was it Tons of liquidity down at 77 All right, let's see here. Well, let's take a look at our candlestick chart, too I mean look this is just in Just just like we're saying we're looking for the break. We're looking for the break. We're looking for the break and Then almost I mean look at how consistently the buyers come in on the other side and move it to the other side of the range Clinton can I define iceberg? Yeah, so We've got a lot of materials on icebergs You might want to reach out to support on that but an iceberg is An order type that's used by larger player That wants to hide their liquidity from the order book. So look look right here at 48 Hey, we see that there's 397 Contracts down here the most in the viewable book here by far Okay, so they're down here at 48 a lot of a lot of traders are down there at 48 and Now Everyone kind of knows that That there's buyers down there and It can kind of scare price away From those areas because now you're kind of showing your hand And you're saying like I'll be a buyer down here if you want to trade into me So a lot of times larger players will use an iceberg order And all they have to show is they don't have to show their entire order down here They can only show a portion of it the tip of the iceberg Like let's say it's a hundred lot. Well, they only show 10 in the order book Now once that 10 trans acts In the order book the next part of the iceberg is then Sent To the order book. Okay to the exchange. So another 10 is there now and Then what happens is very quickly what will happen is Those icebergs. Well, the entire order will will trade Let me cut. I mean why even explain it here. Let me just show it This is one of the things book map is just so good at Just visualizing these concepts. Yeah, so here's an iceberg here. See the big one down here Big ones down here. So here's what happened Okay, we know the whole evolution of the iceberg Okay, so look at this selling in here. This is not a bad example This is when it was first detected right here D means D one D means detected one is the amount that transacted only one Contract of the iceberg transacted and then T means trade or transaction And then we see that 13 traded here and now there's many in here. It's not just You know if we zoom in here, we'll see all of them Okay, so I have it filtered a little bit here. So there's a distinction between these Maybe what you see here and then what you see in the sub chart So anyway, then So look at the selling in here Now why isn't the selling Able to move price lower it doesn't look like there's anyone in the order book here There's 49 contracts down here at 53 okay, well and We just we can see that Out of all these right here 36 have transacted Viewable here. Why can't they trade through the eight contracts here on the bid? They can't do it Well, that's because we have an iceberg here absorbing that selling pressure and so and then They're still here They're still absorbing and then what happened here and ultimately is that we see actually the iceberg the C means here It means it cancelled they didn't we don't know what the entire iceberg was because they cancelled after 33 transactions or Volume with 33 that that traded Then we know that they pulled it. They cancelled it basically And then maybe it's the same guy who knows But they came in again And then we see them coming up in here to another iceberg And that stays in there for a while now look at this one here. See it says e that means executed This was fully executed. This iceberg was Fully executed for 230 contracts We know the whole evolution of it we can see that was even moved up look at how it was moved here See the blue line goes from here up to the next tick and Then from here on to the next tick Okay And then finally filled here. Okay, does that answer your question? about icebergs Look at this is still all the way back up here. Okay, so let's just look at this when we saw it in here Still looking for sellers to hit into this 48 again The it's just been this action in here Quite a bit on the chart now. So we can Take that off and then and let's clear our drawings Okay so Selling into that liquidity bounce selling at that liquidity bounce selling to the liquidity bounce selling to the liquidity bounce selling into the liquidity again and Let's see if we get a bounce here Okay, so 50 transacted yet again now 49 is transacting Okay, maybe we get a we get just a little bit further into 48 and then we let's see if we get a bounce Okay, so here they come already Looking looking to take it higher maybe up to 51 same activity here see this this Block of orders in here is very similar to this over here, right? So we're noticing that behavior And now did they get filled? No, did they get filled this time? No This is it. This is a spoof again Okay, so now we're up at 51 And let's see if we can get a better squeeze out of it here. You know, maybe we can come up to 60 All right, so let's let's see it if we're gonna we've been seeing that behavior again and again Let's see if it starts to look like that then we would look for the move. All right, let me get back here So no, okay, you guys don't want to look at any other markets. Just the S&P is fine. Okay? Yeah, I'm not seeing you know Any of these moves unfolding yet and nothing high probability in here at all One of the things that you know, we know down here that there's actually two pieces to this In the auction one is you need to have sellers. Okay, we need to also see the On the bid here, we want to see them filled Okay, those two pieces are really key for the setup for the move For the squeeze or you know the move up up to the upside here. Hey, so we do we have that here? No, not really There they got filled a little bit here at 48 and in a half But that's it. Hey, so do we see a lot of selling down here? No That's that's what we want to see if we're gonna get we got we see some here actually but If we're gonna get that kind of you know squeezed, you know sharp move to the upside here Yeah, I see buying in here They more buying than in some of these And that's pretty similar well what I'm trying to look for is like if we don't see the selling And we see buying they they will have to be they will be they will be compelled to trade And be sellers down in these areas here Okay, so now now we're getting it right now. We we traded into 48 We do see the selling we know that we know that these guys got the traded we do see it's a stop run here, too And not bad about 300 or so Okay, so now we do have that piece here now the other piece. Do we see the buyers here? Yeah, all right So let's see them lift it to the top of the range Okay, and then if they can do that And still buy we'd be looking for maybe up here 55 56 liquidity up here Potentially 60 Hey understood Hey the setup It's here And then the move is from here. Well To here first which you can you know, you can look at areas like this to get in and then You know, you could have a stop down Pretty pretty tight Take some off here, but look for the bigger runner on up into maybe here or Maybe here Okay understood So now this is a potential setup. This is something to look at this is something to study Okay, now again, it's an order flow event here in the end And we're looking for this in the order flow now. How often does this unfold? Okay, how often do we get the big green dots where we want them? To give you insight for this move to unfold You can start to build a trading plan around something like this go back and study it. This is a good day to study it It happened one two three four Maybe five times now So it happened four times. We're watching and seeing if the fifth one is gonna work out So you have five examples already Okay, start to understand the understand the auction here and then look for the scenarios to unfold and Then you can start to develop your trading plan around it Okay, now risk management wise. This is essential You might have something that works out pretty well for you in terms of your trading plan now But you you have to understand where are you gonna get in and how you're gonna control the risk? That's the second second part after you understand that you have some sort of edge here You have to understand you have an edge. All right, Jack you wanted to we can take a look at maybe a Tesla sounds good Yeah, big. I know this is about book map in here. Nothing else. It's about order flow first and foremost And then what kind of insights do we get using book map? Because that's the edge Okay, and if you want to look at volume profile stuff that's been around for decades There's all sorts of products out there Okay, we also have volume columns here in book map that you can look at as well I mean what I'm going over here is so different than anything else. You're gonna see out there and You know look like you're really gonna understand if and I would really highly recommend this is what you what you do is Go to our YouTube channel Here okay And then scroll down and then watch Down here bonus materials part one of our educational course click here view the full playlist at least watch part one I would suggest all four but parts one and two especially part one. You're gonna understand this You're gonna understand really what's behind these things. I see your comments about value area High value area low V pock midpoint, etc It doesn't matter What matters is the order flow around those areas? That's what's gonna give you an edge Yeah, so for example, let's take a look at a Candlestick pattern in here Okay, here's your candlestick pattern all right, so You know it's really back and forth in here we have wicks on both sides in here. There's a five-minute candlestick chart okay, so But this down here is the is the bottom edge Look at the wicks Here's a break of it a lot of people probably sold and and sold this here We know some got stopped out now. That's a detail here. We know they got stopped out Your your your volume profiles is going to show you this big Blob here And that's it. It's going to aggregate all of this data here across at each price level and Accumulate it and aggregate it into your column here Okay, it's not showing you what's happening here. It's not showing you that this is a stop run It's not showing you that there is high liquidity on the bid that filled here Okay, and we saw this behavior five times now okay, and and then you know, basically you're looking for making a Trading plan based off of you know, value area high value area low or Off of a wick in here That doesn't just doesn't make much sense to me I mean there's just so much else going on in here if you can start to understand and comprehend some of these other things And apply that to your candlestick chart. That's great or your value area high value area low That's great But understand that the behavior of the participants in this auction is going to give you that that edge It's going to make that Your strategy much higher probability by understanding the auction Okay, now we even said like and I'm I just want to get this point across because like a I Think a lot a lot of traders when we first start trading we just want to look at something and go well What's the setup? Did it go above this line? I'm in and I want to buy and that's it and You know either works or doesn't And and it's just we want some sort of clarity and crystal clarity like that and the markets just don't work like that And they just don't it is way more complex. There's so much more going on in here and So for example your candlestick pattern in here You know it maybe maybe your buy would be I don't know your buy would probably be once it breaks up above here, right? And then it closes above here above this kind of 53 candle here All right. Well, we would have been in here at 51 Or I'm sorry below the 49 and a half And we'd still be in this Okay, because we understood what happened here Right instead of like your signal being here in your candle up at 52 and three quarters And now it has to it hasn't even give the signal yet has to close up there It went above it, but it didn't close up there Right. So like here here is what you're looking at, you know I'm sorry one more and You're not under the concept is is here in the candles it really is the concept is very simple This is you know rejection and trap volume down here And you're looking for it to unwind here to the upside to the top of the edge here okay That that's your that's your that's the understanding behind the candlestick pattern So it's an order flow event even the candlestick pattern here is an order flow event Your value area high value area low or you know midpoint. These are order flow events as well your V poc Okay, what does it mean here? Like if if I can get volume Transacting above this 52 here see this high volume note in here If I can see big green dots pulling it away from that area The likelihood for it to trade up to your low volume note is higher much much higher Okay, that that's what we're talking about in here. Okay, just because it's above it or you trade to it like Is kind of meaningless? It's what's behind it. It's understanding kind of what's what's you know inside of it is where you're gonna you're gonna get An understanding or an edge Okay, now, you know, you'd you still wouldn't even be in this yet with the candlestick pattern You're waiting for your clothes above this swing here Basically, okay, now you just missed it. You missed the whole thing Okay, so we saw it down here And then we said maybe get out some here and then hold for either here or here and why do we say here? Hold for here because what that's where the liquidity is and that's where this will give you that additional insight. So here is The heat map. This is where they are. This is where the sellers are. There's no question about it. This is where the sellers are They're here Okay, and why when why we wanted to get out down here and reduce some risk. Oops, sorry Is because there was some liquidity in here. We know they traded Okay, and then Trade back up in here get out a little bit We don't know if up here all of a sudden selling these come sellers come in and whip it down in here It's up to you. You don't have to do that if you don't like it if you don't like to you know That's great. Like I like to reduce the risk and maybe that's a bad strategy I mean like here. This is working out great to just hold it Okay, and but this is where you're looking for it to go here and and we said this area here Because of the liquidity as well see the liquidity level right here now that the market kind of changed a bit, right? Here on the fly They kind of pulled a lot of that liquidity as price came up here. Well, that's even better for us Okay, if they're gonna pull it that means that the sellers aren't the buyers aren't gonna meet the sellers Okay, they're gonna meet them at a higher level So we want to understand that now they did meet them No, they didn't meet them here. So we're still holding Still looking for this here at 60 Okay, now this is exactly why we hold these webinars So that the education is put to the test and here it is all right, so Yeah, I hope I hope you find it helpful And and again, I don't really care like what what Strategy you may use You can you can look at your volume profile as your value or a high value or a low. That's great It's really that's really good Understand the concept concepts behind it though and then understand the behavior of the auction behind it That's where you're gonna get an edge. So do your studies look at your high look at your candlesticks. Look at your volume profile whatever it is But then behind it when you start to understand the auction here, you're gonna get You're gonna say well, that's likely gonna fail. I'm not gonna get in that and you've just filtered out a loss potentially Okay, higher probability that you just filtered out a loss Yeah, exactly JTT so yeah traders Tom B in the traders lab He's next and he's gonna go over volume profile and the way that he trades So, you know very similar all all traders are actually kind of looking at the same things. I find that they want to understand they might call it something different or You know, but they're all looking at kind of the same levels and then they're looking for an edge Their edge might be in a candlestick Visualization it might be enough a volume profile visualization Tom looks at volume profiles. Hey, he would look for a mean reversion trade down here. His mean reversion might be here It might be here, right or let's look there's a profile Yeah, so or maybe he traded the other side of the edge up here at 60 And that's a low volume node because look at there's three or four different kind of high volume nodes in here All right, and we don't know We don't know if he even will go into 60 and through it But we we're looking for it to be attracted to 60 Okay And look look it actually traded up there 28 contracts already traded here at 60 Okay, not much but it traded now. Did he get through? No, did they get filled here? Yeah, some Right, so we're already seeing some Buyers meeting sellers already. They're front running a little bit here. That's another detail to start to understand Okay, so look look at this buyers here Lack of buying in here Okay, so maybe we won't get to 60 Okay, now now we're finding our buyers and now they're trading right into it What I was going to go through was another scenario here Okay, that if they can't trade up here Then what we can look for up here is Maybe some we see some selling here. What if we had more down here? Okay, and we still may we may come down here if we do see it here. I'm looking for the sellers To drive it into this liquidity down here Okay, so something like that How do we add CVP very very simple? so just open up a column you can right click in a column and Insert or hide columns in here. Let me show you actually. I think you'll find this helpful. So I showed you the Educational course Please watch part one and at least part one then go back to bonus materials here and then features and components View the full playlist click on that and then you can scroll down here and you'll find the columns all sorts of Columns videos here. Hey, that that'll answer your questions go through the columns overview Which these have been moved around these recently I can never find them now There is one called columns overview I believe Or maybe it's under current order book anyway watch one of those and Then what all you do is just right click in here insert a new column and then right click and go to volume column Okay, click on that. Let's say I'm in quotes counter here Or quotes Delta. Let's say very different column. Just right click in here. Go to volume And then right click again, and you'll see now. I have different options in here for chart range Accumulated or session accumulated if you want chart range, it'll be CVP if you want session It'll be SVP Okay, like this one All right, that's it now You can also configure that column right click again in that column and you can show all sorts of things show your POC Your VWAP line at least in the column You can look at Delta by minus cell if you want you can also split out the data here Which is a nice thing look at the aggressors buyers and sellers So a lot of different ways of looking at it in here Just go through some of those videos and that should answer your it's a lot of your questions there All right guys well anyway see see how We got some insight here now the transact We were actually looking for the transaction not to kind of happen up here and sellers to come in and then potentially move it Lower in fact what we got in this scenario was the transaction did happen here at 60 and then we see sellers coming in we'd look for them to drive it into I would look for them to Drive it to this liquidity here 56. They did not Okay, but they certainly hit 57 and and 58 Now this might be turning into a bigger picture move here okay so more buyers back up here and Maybe they can come up to this swing up here Right where we found sellers previously see how we we know we found sellers up there Not only the wicks are telling us that The dots are telling us that they're sellers look at them drive it away That's why we want to understand where they drove it away from again your candlestick will not show that your volume profile will not show that Your market profile will show that if you want to track the letters In there that without will show it But volume profile will not Anyway, this is where those sellers Maybe up here I guess but like I really see them actually pick it up in here right here 61 Okay, so and then that's look look out. We noted that here. Look at this pullback came to you again This is not coincidence This is where the sellers came in. This is the buyers took it right back up All right, let's get a candlestick chart off But I did I did want to go over it and show it to you Okay, and and there's a potential little strategy for you for you guys to look for what it looks like in the bottom edge in here Even in a pretty big down trending day Right we saw this behavior so many times And then we saw it one more time and we noted it actually and made a distinction It was not happening here, but it did happen here and we got it stop run into high liquidity Getting filled here looking for buyers coming on the other side. We start to see them right here Now we have a risk management as well Wrapped in with the strategy. You can take some off here or you can take some off Maybe up here at this one or maybe POC. There's your mean reversion. Oh, you're welcome. Oh, thanks. Thanks Pete PD money Are you tracking? Yeah, yeah Guys, it's not just you know, we have Tom. He's he's he's excellent. It's it's volume profile Right after that another just excellent room I mean, this is really high quality stuff. It's options with Doug You might want to check that one out. That's at 1 30 p.m Let's go through the lineup today. I mean, I want to show that because like it's pretty amazing I love that we can offer this all to you guys I'm really really happy to to to offer this to all of you that here. Here's what we have We have Tom here in another Ten minutes or so right after that options with Doug right here at 1 30 p.m. We also have Schedule for 1 30. It should be one. Okay. Yeah, we have Frank from Spanglish Trades, then this is in Spanish. So for you guys Spanish speaking audience You want to come here and Watch Spanglish Trades Frank looks at stocks and futures. Okay, some great stuff there And then right after all of that there's one more At the close from 2 30 to the close you'll need to come to our discord room for that And that is here under You know, here we are in all markets, right? But we want to go under Here's Tom's trader lab. Okay Algo boys. Here's options with Doug. He'll be he'll be after Tom and then Algo boys here. Okay Uh, yeah, please come check it out. He's an he's an expert trader. It's really good stuff all day long so Come come check it out That one like I said is only offered in discord right now and that might change soon David. Yeah, it's not they're not on YouTube Algo boys You have to come to discord Who would I say the iceberg players are there Matthew? It's all sorts of players that have a lot of money typically Hanker trading. Oh, great. I'm glad you glad you enjoyed it and and learning learning a lot in here Yeah, Roomba, that's right. Yeah, they're only in in discord Guys, I mean such and you know Try not to make this complex like and one of the things that can really help to Simplify it is to understand this as an auction Instead of having all these different kind of parameters in your head of like did it do this do to do that etc Just understand what happened at the areas Did they get filled or did the the buyers here get filled? How many of them what what is the context? See look at this here. These guys want to get filled here. It looks like this isn't doesn't look like a spoof They're bidding up between 56 and 57 layering in here And now we don't know yet if it's a spoof or not Because they haven't gotten filled so we don't know that but what we do know is look at the reaction to this liquidity here in this area here right Looking for them to come back up to 60 and potentially break through 60 because they're pulling that liquidity here at 60 and a half See how they pulled it away right here. So maybe we can get up higher Up into 62 65 something like that, right? Look at look at see how they're following up underneath here on The bid what's the reaction by the aggressors? Well more buyers, right? And they're pulling here on the offer There's our relationship. There's our context now You don't have to look at this and like, you know, are they doing this are they doing that? Like understand just what's going on in here in the auction if they if there's no supply up here And you get you get these this demand in here by these buyers moving the market. They're gonna move it higher They're just it's just you know, the way the way things are more buyers than sellers They're gonna move it higher here And now what I mean by more buyers and more aggressive buyers than sell liquidity is what I mean Okay, there is an equal transaction here. I always have to be kind of a Little more on point with that. There's a buyer for every seller Okay, but what's happening in here in the market in general is very simple very very simple There there's here. Let's just go through here There are buyers in here on the bid down here There are sellers here on the offer up here now the aggressor is the market buy-in sell order that takes liquidity here So for example, let's just find a good example if they take the all of this 45 here on The bid our offer here if they trade into it and through it If we look for 45 to transact and if there's 46 that transact now It's gonna go up and trade here and the 94 that contracts that are up here are gonna be 93 now Understood so and you know, that's what makes the market move at these aggressors So it's still matching a buyer for a seller But if they take all the liquidity the next seller is up here And that's where they're gonna match and that therefore your price has moved okay Really simple stuff and you're not gonna you know, it's not I don't find a lot of books out there that will cover things like that they'll cover like to the you know to the end they'll cover like their candlestick pattern and and You know, they're the breaking of the neckline and all this kind of stuff But to understand the what makes the price move and understand these very very simple Market mechanical details here is really important. Okay, so yeah, we talked about this next level here 65 right the swing up in here Looking pretty good. I'm looking pretty good They're on the bid we're finding buyers Okay, so we're still we've been we saw this whole reversal We didn't know it's gonna be a reversal. We mentioned it That it put it could it could be the reversal for the day But all we were looking for is for this to play out to our specific levels The first one would have been the top of this little range. The second one was the This little area here where it dropped or I'm sorry We're a drop from up in here in this liquidity here and the third was 60 Okay, and then up in here. Well, if they're gonna pull that liquidity, you might as well pull your liquidity too Right and and and look for where they're gonna get filled on the offer as well And you can front run them like this guy did here. All right, so anyway And again, like you guys want to look at your volume profile Tom be will he'll be up next Guys if you like this, please hit the like button really helps us here, so You know any Kind of support we can get helps us take this further Doesn't cost you anything just to hit the like button And we can Cover more and more of these kinds of details in here. You're welcome big guy. Yeah, come to these webinars And ask questions exactly what you're doing. Go watch the course and then Now what what can be where you really need to? Where the where the rubber is really gonna meet the road is when you do your studying and Like, you know, we're we'll go through many different things in here like we did volume profile candles, whatever it might be or patterns and But when we start to look at some of these things in here and we notice it like it did it five times in here and Then this one turned into a bigger trade reversal trade Now you've you've got five examples in here Now go look for others Right. How often does that work out? What was the condition? What would you look for in the auction and we can go through it in here very quickly? We were looking for First them to get filled on the bid Okay Also, we wanted to look for a stop run potentially through it Which is always kind of nice Then we wanted to see our green dots on the other side here Okay, and we wanted to see that bigger green dots this this one was kind of We kind of saw this one kind of didn't I mean we saw this the double bottom pattern here And then not too many sellers here. This is where to me it starts to look good And I don't like it up here because they're getting filled here Right. So this one I probably would have passed on but like because I don't know what's Happen if they get filled in here, right? I know that they're the sellers are getting filled here on the on the offer so That that kind of nullifies it even though it turned into a nice move this one here looked pretty good We didn't have that Okay, we know that they got filled we and we see the selling into here And then we saw the buyer and starting to come in right around in here And then we look for that these these moves to unfold okay and risk management Risk management is really where you're gonna make the money Okay, it's not just the setup. It's the risk management If it's if this doesn't do what it's supposed to do. What do you do? Get out If it starts to come down you see sellers back down in here like well you can you can honor your stop or you know That's probably the thing to do is just honor your stop But if this you don't see a lot of buyers in here you start to see sellers in here You know you can you can get out you could even get back in if you do see the buyers back up here I mean it's up to you, but like It's something you got to look into you got to know you have an edge and then you want to optimize that edge All right guys. I'm sorry over in discord. Let me jump over here lots of stuff going on And Thanks Kamal or Trace phase how often do we stream? Yeah Monday Tuesday Fridays? And sing trading crude is showing much more potential by than the yes. Oh, I'm sorry. I missed that I didn't go over any any cool features today We went through the basics today a Little bit of 7.4, but we just saw this pattern emerging here Multiple times and we thought we'd cover that instead See bell. Let's see here Can we cover stops icebergs? We went over that a bit. I hope that helped Stops, you know, who's using stops typically not larger players Larger players using icebergs because they have high liquidity. They don't want to show in the order book Smaller players are using stops because they don't have we don't have a deep pocket Larger player will get filled in here here here all the way down They'll put their orders in here. You want to see a larger player here. They are here They place their orders at at 9 30 a.m on the In the market and they stay there Okay, larger player here One started to come in here add a little bit more larger player here still here still here still here Okay, so what about on the on the on the offer they're way up here at 49? Okay, so Anyway, we can't have it go against us and and and be able to withstand that it would Empty our account. So what do we do? We get stopped out and that will be a stop run Okay, so where are people getting stopped out? Well, here it is right here. We see it So if you want that it this is stops and icebergs. It's only this only works for CME group futures. This is sold separately on the bookmap marketplace And you need to have rhythmic data. It's very specific It's got to be rhythmic data and you got to trade the CME group futures Okay, so sorry sing sing trading to miss the crude oil. I don't even have crude oil up here right now but I Yeah, I trusted was moving well, and that's another thing I see seeing is to look at Correlated markets now with with this market pulse product Okay, all right guys. Well, thanks everybody. Thanks for coming. I'm already encroaching into Tom's time I got to go and hit the like button, please We'll see you on Monday And Yeah, come prepared to ask questions like you like you did Big eye and we're happy to go through these Details for you guys. Okay. Have a great weekend everybody. We will see you on Monday