 All right, good morning traders and welcome to the all markets live order flow analysis Webinar here with with me. I'm Bruce morning trade and we go through this Content on Monday Wednesdays and Fridays. This is for all markets as advertised here and our goal here is to Create this foundation of understanding order flow in any market so you can apply these fundamentals To your trading and and utilize it and then we have many other events all day long In fact, let me show you where you can find that if you go to the if you go to book map book map calm And all the other events click on the more button here And then go to our learning center here, okay? Here you'll see courses and getting connected getting started a market mechanics course that we go through All day long in this in this webinar here But I wanted to show all the different streamers we have in our calendar So these are all the different streamers we have for Monday Tuesday Wednesday, etc. So we have quite a few Events every day here. They are all free and these are excellent traders in here. So depending on if Different languages as well different market types depending on what you're interested in. So we have the India market here Pirate traders with Charles is for futures Again all markets here with me Paco for the Brazilian markets in Portuguese And then Tom be us futures spanglish trades will be us stocks and futures options with Doug Will be stocks and futures as well, but mostly stocks But Doug has a very interesting take on using order flow within his options Strategies and then rounds out the day here with the algo boys going over futures on not just the stock indexes, but many Markets here for the algo boys. They'll look at the grains. They'll look at the metals whatever it might be So anyway, I just wanted to cover that for you. Let's go in and take a look and see what's happening today Disclosure 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. So Let's jump in and what's going on here. Let's take our big step back here before we jump into order flow Usually we just jump right into the order flow, but it being Monday and it being the start of a new month Let's take a bigger step back. We have a lot of data coming out You know, there's been some volatility and October is known for volatility as well So we want to really understand our bigger picture and some of the fundamentals in this market as well Yeah, I'll make the argument that you know fundamentals is really what moves the market I mean, it's it's actually orders to be honest It's it's the orders and order flow and what participants think of the market that matters That's it. It's in the orders However, a lot of the traders and investors that move the market are looking at the fundamentals and It's just that's just how it is. So we want to understand their their movement and their actions So, yeah, we have this downtrend here until the nine o'clock or so we get a kind of a reversal here It's not sustained so far. It's spiked up above this range here and failed It's coming back down into the range here. So anyway, that's what we see at the moment Let's look at our daily here on the left in the center. We have our hourly and 15 minute on the right and and and talk about What our expectations are in the bigger picture, right bigger picture here. Well, you saw this was Last week and the move down and then the move below the big range here and then it's still down below and closing below the This bigger range up above here. Okay, this is bearish All right, so we're looking for if we can get a continuation of This move now that is outside and seems to be accepting Outside of this big range. Now, let me just talk about what that means in the bigger picture here is that We have a lot of volume and back and forth up in this range up here All right, let me use the pen tool here. I think it would be better And it's this range Hold on It's this range up here Okay, a lot of price action This is significant that we have broken that range and we are accepting higher or lower now and now the Because it has broken this We'd be targeting next levels that it might test Okay, because look at this move to the upside in here. I Know we're below this area here and we seem to be accepting So we're looking for a test back down to here And then maybe this is another little area of consolidation and range here Come back to kind of most traded level there or the lows here of that range Right, you can see the wicks down here in this range here, so That's where the lows are and that's where we found buyers that made this move possible here to the upside. Hey, so If we're gonna accept lower here, then these are the areas we were looking for a test All right, so let's let's jump over to the Well, let's mention one thing here about the daily still is we are within The last period here last daily period, so we are within the range right now Hey, so we're not seeing a trending market here until we break the low here And then start to trend lower right so looking for a retest of those lows would be Something we'd be looking for today. Okay, because we are in the range. So Basically the highs and lows from the previous session here and here are Something we're going to be looking for right and how how how the market Traits within this area to go test those areas. All right, so looking at the hourly here we can see the The back and forth the move up that we had a gap we have a move down and we're kind of chopping around in here The again these swings up in here is what we're looking at And it's that that is the the day from the other day so we'll let you know We want to keep an eye out on that and what do we see so far? Well, this has been good momentum to the downside and now we're just kind of chopping around So that leads us to the 15 minute chart in where are we? Okay? So we are within this price action as you can see And we here's where we opened down here And there was a gap that gap has already been filled. You see the spike above it here Okay, and then we're gonna talk about acceptance and rejection again Similar to the acceptance and rejection over here Okay, so this rejected you see the big wick we know that there's sellers up here And they are selling okay, we know that there's buyers down here So right now we're just looking at these this kind of range in here and the bottom or low of the day in here Okay, so that's really all I see right now And we want to see who's winning the battle within this range to see where they might go and test Okay, so let me know if you have any questions, but that's what I have at the moment And then let's jump into book map. So book map in the order flow. What is it telling us right now? Well, we see that down here at 43 10. We have some support. We have liquidity in the order book here And we we tested it down here And it traded into it here It was filled it looks like we see the big transaction. We also see icebergs down here So we know larger players are interested down here as well And then we see the buyers come in And that stopped that move to the downside and we see a nice move Kind of back up here right before the cash open and then 930 cash open really nice momentum move to the upside And then it all failed right back down below the open here Below the swing at the open and then it's right back up Hey, it broke a high up here And then it's right back down it is trending up here for the day As we can see in the structure But we're not really seeing too much out of it here getting too much out of it Okay, so we have this kind of range right now that has a bullish slant to it But that's about all we've got so let's Take a look at the volume and also the order flow The limit buy and sell orders within here as well So we have a lot of limit sell orders here that transacted and but buyers trade right through it When we see this We look for the next level And it traded to the next level of liquidity up here and it didn't quite make it up here Hey, we get our pullback And then we see the at 10 o'clock here Which is is some data as well We had our ISM manufacturing purchasing managers index We see the move back up And then the move right back down. So not getting too much out of this. What about We know there's high liquidity up here Transacted up here as well, and it came up a little bit above it but failed It the breakout here failed So we're back in the range The what about the volume? Well At the open we always have pretty high volume is as no difference here And then we can see this some selling coming back in but We see the selling start to pick up in this area in here But you know for the most part it still seems to be more buyers than sellers in here In fact, we can verify that in a couple different ways here within book map we can Use this tool here zoom by drag and go from 930 cash open to 1020 or 1015 here We can look at our order book in balance and volume in balance and the volume is just slightly to the upside here 33% that's it So yeah, it's really it's really kind of back and forth in here and Order book in balance here. Well, let's let's go do that again here our order book in balance Yeah, well, we see some liquidity up here at 43 30. That's kind of skewing the order book here So it's at negative. Well quite quite a bit negative at the moment Hey, it's as prices as aggressors are coming up toward these areas of high liquidity Another way to look at this and start to understand the volume within here very simply Is look at the cumulative volume Delta. In fact, let's take off stops and icebergs for a moment And take a look at it. Alright, so what do we see in cumulative volume Delta? Yeah, not not not too much. I mean, we made a higher high here. There is some divergence there I'm sorry not not really It did make a higher high here also in CBD We're making higher lows in here we're making higher lows in here, okay some divergence in here is What we can see And let me let me talk about what I mean by divergence and how to read that within the transactions So there was more sellers in here And they made a lower low here to here. They made a lower low However here in CBD, which just calculates the aggressor and adds them up. That's it. That's all it does It's a From here to here is the equal equal low All right, so there's the divergence there between the CBD and price action So this what this means is within this area here, although it went down and made the low here In in cumulative volume Delta, there's more buying in here that made it made it an equal low That's all it means. Okay, so what does that mean in for us? Well, there's still more buyers in here basically right so seeing this kind of move back up to retest this area up in here Makes makes some pretty good sense That we'd look for that. In fact, I still see more buyers in here, right? And you can see it with the volume dots in here So, you know, this is a consideration for using your CBD to understand The overall kind of within a range the volume if that makes sense Good morning, everybody. Let me get to the questions here. I've been rambling and make sure that I'm covering everything. Good morning, Paul. Louise All right, Jimmy Usha Sia Over in in discord. Good morning slow down Stand Steven and D Okay. Yeah. Yeah so Yeah, Steven really good to see in here and I hope that I wanted to mention this to people like we have a recording of the meet We had a we have this bookmap Academy. It's part of It's free. It's open all You know, I want to show that to you because we had a meeting the other day and Steven who's in here we covered some of his trading activity in his content. Okay, so Hold on. Let's just take a look at this before I get to that bookmap Academy We're starting to see this drop and what I wanted to cover in here is the CVD Okay, and put I wanted to I was going to get to trap volume and CVD using CVD Okay, because this this would be a trap in here. We covered traps on Friday So let's see if we can get this here in a now I'm looking for a break of this low into this liquidity down here at 15 or maybe at 10 Hey, because This has been you know a lot of buying in here, but it really didn't move the the market much higher here And we noted that the buying in here as well. We made a lower low here So we want to kind of understand this divergence in here and what what I was going to look for Before this started to unfold here was that this would be potentially trapped buyers up here Okay Up in this area here. Hold on Yeah, so the this this volume up here this by volume up here as a potential trap and then a stop run to the downside here Okay, so Just just kind of thinking that at the moment and we've just made an equal low into this 17 area here I'm I see a lot of selling now coming in and in in here as well So I'm still If we don't see a lot of buying coming in if we get a low volume pullback in here Hey, not a lot of buying which is not the case. So this is this this idea is already done it it's It's a little less here compared compare the bars compare the dots but yeah, it doesn't What I was looking for is if there was less volume here on that buy side This would just be a pullback and then we'll look for a continuation Okay, but it's that idea is kind of shot here now because we're not We're seeing buying coming back in so it's we're really just back to this idea of range bound Okay, so Potential setup in here. It did not play out right Anyway, let's get back. I just wanted to show you this and Encourage you guys to sign up for this. It's free. So you do need book map But join the book map Academy. There's a pathway to becoming more professional trader by documenting your trades You can apply to the book map junior Academy And if your content is good, then you will be invited to the book map junior Academy And then from there you you create content and if it's really good and you make Meet our thresholds our quota Then you can be invited to book map Academy. You can get book map for free and You can even get Add-ons for free as well if you double that that content and then we have this step three if you're Continue to create great content for the book map Academy. You can be invited to be a coach and the beauty here of Being a coach you can get the data for free as well, but what I want to show here is the Under See here. I still have it as unlisted. All right, so I'm sorry hold on a minute I'll I'll make this available Hold on just a second I don't know if it did it or not Yeah, should be public. Okay so Let me put this into the chat for you guys. All right, here you go All right, there we go. All right So if you're interested in this and why I'm covering this is that Steven is in here today He's been putting a lot of effort into his trading That's excellent and we want to give feedback and the feedback was to kind of You know, he's looking at a lot of things to focus and simplify edit out and Focus on things then and learn those few things really well instead of like learning trying to learn everything and put it all into Like it's a big a big puzzle We can just go through really really simple things like a momentum trade or You know some some simple kind of setup. In fact We're just looking at, you know, cumulative volume delta in here and low volume pullback, which didn't unfold. All right. That's fine You know, look at look at the selling momentum now. I like it. I'm looking for it to test down here Okay, so down to the swing low and this liquidity. Well, we got liquidity here at 20 and in 18 and a half or so Okay, so anyway, uh let's um I want to bring up uh, you know talk about momentum maybe with cumulative volume delta in here And I'm going to bring up market pulls this this tool that we use that Everyone seems to like quite a bit so We'll look at the s and p here. I gotta get rid of that one Get rid of all of these create a new one And we will look at volume pressure Or the es Let's bring that volume way down here Okay And we're gonna add also um Look at price change in here Oops, sorry guys. I gotta add a new one volume pressure Yes Okay, so very very simple, uh add on here, uh just looking at um Uh the volume pressure is coming in here. So this is we're talking about momentum So we're looking for it. We see the price change is working now. Do we hear that volume come in? Not quite yet Should there we go. There it is. There it is. So, uh, there's our move into well And then 1850 and let's see if we can uh We can hear this uh as well. You guys can hear it on youtube. I know we're looking for that continuation Uh back down lower here The volume pressure is still good still good Okay starting to starting to slow down now There he goes. So now we're getting a pullback, right? That's a low volume pullback though Hey, we don't have much volume on this. We're still looking for continuation here Hey, waiting for more sellers to come in Hey, but we're waiting for those sellers here. We want to hear them come into the market Hey, we can look for areas of pullback here right here Hey Uh just on the top of that range here now now do we get our sellers again? Do we hear them starting to come in? Not yet Not yet Still still kind of back and forth after this pretty strong move here Hey, let's hear it. Do we hear them now? Not yet Not yet Okay, we should hear them now It's just about to tick anyway, so Using volume pressure in here. We're looking for we can also look for the reversal that might happen here Right, and then what we'd be talking about in here is all of this volume being the trap Okay, so we'll look for that scenario if we get we'll hear volume pressure on the buy side But it's going to happen. It have to happen, you know up here all the way up to it as well But especially up here. We're looking for that volume pressure to come in right and then we can get like a Uh a mean reversion type of trade back to the high volume node or to the other side of the range up here Okay, so a couple different scenarios in here, but we're using this market pulls volume pressure tool Okay, here here we go. Let's see if we can hear it now. We should And we're looking for the there they are Just at the threshold here didn't quite quite make it Okay, so anyway This is uh, this is what we covered on friday was talking about traps volume volume traps in here And uh, we we covered it just in time Before this unfolded so we can see this move back up And uh, yeah, you know, it it might not be done yet. We're getting kind of a pull back here Uh, and then we might get one more Uh, let's see if those buyers come in right now And uh can lift this back up into just up into here around 25 or so Okay, we should hear them start to come in here Might have to lower the threshold thresholds a little bit. Let's put it down to Let's try 58 Okay, there's an order book and balance here on the bid How does how do the traders react to it? There's some buying Let's get a little bit more in here very careful here with this. I don't like seeing buying that cannot move the market Okay, now watch. Let's see if we get our sellers actually now because that now we're looking at these these guys Is being the potential trap here No No, they're not not is this actually these sellers a little bit of selling in here now We're getting that uh that move here by the buyers Back to the top of the range Not much here, uh, you know, we we may come back up into uh this 25 level. I'm not hearing market pulse at the moment So it's not significant volume Yeah, paul, I would agree like these little you could take these little scalps all all day long, uh, basically Look for a small in balances dump it off at the top of these small ranges, etc We don't know the bigger bigger move yet Like what I what I mean to cover here paul is like First we're looking for these guys to be the trap and then the sellers to drop It was actually these little sellers in here. Here's the trap here now Is these potential buyers that are the potential trap if sellers can get down here Right and then move it Okay, so, uh, you know, that's why like I totally agree with you You can you can find these little moves And and dump them off at the top of the range And then look, you know for the next little move It may unfold into a bigger move, but we we just don't know yet like right now You know, is it worth like I'm looking for these guys to be trapped up here. I'm looking for those sellers to come in Uh, I don't see anything yet. Uh at the moment, but do you want to sell here? You know, I it doesn't make me feel comfortable I would rather look for that low volume pullback and then try to sell down to the range here Uh, and then get the follow through and then my risk is so much less In that area Yeah, let's see. Let's see if we can get our move here Uh, no no order book and balance at the moment On the offer Anyway, let's clear these drawings Another thing we like to do with this market pulse tool. Um Is the um, in fact, let me uh Let's put stops and icebergs back up here Uh, is to look at our, um Correlated markets here So let's let we'll add the nasdaq and let's add also the russell And then we can add our correlated markets here Sorry guys, hold on a minute here I thought I ought to do it I'll put the nasdaq here and the russell here So russell selling off right now, uh, es is starting to sell off right now Okay nasdaq has not quite yet Okay, so let's see if we can get a low volume pullback and then maybe we can get all these aligned in here Uh, and then we're looking for that sell off into 14 here. So like 1718 to 14 No, not yet In fact, uh, yeah, I'm not not looking too good here the selling here lack of selling here Uh, and and then some buying but it's not it's not finished yet. It's not finished yet Yeah, here we go now We should we should hear all of these pop off at the same time here nasdaq is not Right, so see see how like we're really or hearing this and kind of listening to the market Uh and correlated markets here, but but just looking at the s and p e many This is something I really like about this market pulse tool Is that uh, you know, I don't have to jump around and look at my all my charts. I can hear it I can look over here very very quickly and these are always on top if you want This market pulse tool So, uh, can can you hear that market starting to starting to hit? Well look at nasdaq hitting the the bit or the offer They they're on they're on the bid here in nasdaq We should see the s and p and russell follow suit Uh, let's see if we can get back up to the top of this range here and then maybe even 25 We hadn't we'd never made it to 25 yet So, uh, anyway, we're we're looking for it all this see you've got lots of questions in here. So let me uh Try to get to them or comments Yeah, I'm not sure. I'm not really sure what to think. Um About today like it looks to me like we're going to be kind of chopping around Uh quite a bit. I mean, there's a lot of back and forth here, uh right now So I I like your idea of just kind of scalping if if at all You know, you're trading like and you're trying to hold for a bigger position You know, I don't know. Um Maybe try to go with the the the bigger trend and and then, you know, just take trades in that direction Uh, and then try to try to hold for the follow through but you might get stopped out at break even a lot Okay on on days like today. So maybe all in all out, you know Bottom of the range to the top of the range type of thing Okay, because right now. Yeah, here we go this We should get a drop here. We have one two three all of them are are correlated here Okay, so I would look for the next a little more selling here And I would look for these these sellers to to hit the bid into into 14 or 15 just based off of this in market pulls It just just market pulls In the order flow here, I want to see a little more on the offer Uh, and I want to see these guys on the bid pull Okay, but it's looking good There we go There we go Okay, now this this is in line with what we found in the past as well using this market pulls tool is that uh Most of the time when we get our nicer moves, they all align with the stock indexes Right and and you can just you're leaning on we talked about this the last couple of weeks We're leaning on these players here This is another correlated or another confluence is the correlated markets And we're leaning on their behavior in here looking for that move To unfold and this this unfolded nicely this gave us Just by market pulls itself here by by these correlations in here We were looking for that and we wanted to see a little more on the offer Well, that actually came in as well in here And we got our aggressors coming in trading into liquidity at at our 15 14 and we're even lower here Okay, so right now though. Well, what do we see? We're here Nasdaq still s and p still so yeah still lower still lower makes sense Russell nothing not so We're getting two out of three In this correlated market or correlated markets here, right? So that Isn't like a as much as It's not as much to lean on therefore you know, you might There's different ways to manage your trade and maybe Stay out of a trade unless you get all of them aligned Or maybe you take a position on Reduce your risk with less of less of a position Okay, so many different ways to kind of slice and dice it But we're leaning on And we want as much on our side as possible Okay, so see how we didn't get that or that Russell here Uh, and then now we're now we're seeing the s and p kind of you know traded into 10 and and it's starting to bounce a little bit Uh make makes sense here. Uh, we saw the Nasdaq starting to turn around a little bit Okay, so uh these correlated markets in here, uh, and uh, you know using this this market pulse tool is is pretty nice Uh to you know Hear that market and you don't have to go back and forth and look at you know various trade or charts in here You don't have to jump back and forth like this You don't have to have this on another monitor And look at it right that can be confusing And you might miss something Instead it is I find it very comfortable To just hear that market look over very quickly And see how they're aligning uh, and then uh, uh, you know go with that uh that momentum Okay, so uh, yeah now Nasdaq is starting to hit to the upside Okay, but the s and now the s and p is too Okay, Russell no All right, this is giving us some really good, uh insights on this move to the downside And then noticing not all are aligned and then noticing to aligned And then the move back up Yeah, so uh paul you're using market pulse with the vix as well. Okay Yeah, well the correlated markets like you know, it can be it can be kind of tricky I I think it's one of the best kind of indicators you can use Uh in my opinion um Because uh, you're leaning on many market participants from other markets Uh to uh to trade in in the direction you're looking Okay, and if you don't get that well, then chop is probably More likely and now again, this is something you got to study and you got to know your correlations Uh, sometimes they uh disconnect Uh decouple uh and and other times uh, they recouple back to back in together So, you know, how what's what's important out there? Uh fundamentally like uh compared to crude oil compared to gold Compared to the vix etc. Uh lots lots of questions to ask about that Slow down jungle jungle beats. Yeah. Yeah, we've we've like we've even considered like making these different instruments like Maybe this is your wood section. This is your uh, you know the brass section the uh a percussion session Section, I mean you could have a symphony going off here. Uh, basically Uh, when I talk about trap traders, it's people that made a mistake Um, and and they pay for it. Uh, that's what we're talking about. Kenji It's not it's not market manipulation. Um, it's I mean, maybe larger players can, you know notice that, you know, people are trapped and it's like, you know, try to push them to um To cover uh for sure, uh that that I think that's uh You know, but we're we're playing that game now too Right, so we're we're looking for that Right, because just just very very simple thing here Like, you know, think about it. Uh Where are traders most compelled to trade? They're when they're in a position and they have to cover I mean, they're you know that that pushing the button is not that's that's easy to do But being to push that button and being forced Uh, to you know, that that's something else. Uh, and it's almost like a you're you're more guaranteed to get trading activity if You you can get and and what kind of trading activity based on the trap Right, if that makes makes sense, uh, we'll we'll see it again and again Like think about these guys up here, right? Top of the range up in here. Look at these buyers building a position Where are they going to be out of control down below here? Okay, so we look for a stop run now Below they're testing it here Okay, sellers are testing it. Can they follow through now looking for it? Okay And looking for a stop run now in the stop room will probably happen down here though These these these buyers up here are like oh god Oh boy, you know and now I'm I've got it wrong. I got a hit sell All right, so we want to keep keep an eye out um with that uh, and Also, it's the same on the sell side You know, where are the sellers in here? How many are in here? Well, think about this like how many sellers are in here to get trapped Not a whole lot. Maybe there's more now though. Look at that All right, so can buyers lift it back up to here? Yeah, they can Okay, just it just touched the top of the range though. That's it Okay, so just keep an eye out there. There it is. Okay, so, you know, that's what we're looking for Uh, is where are the sellers and buyers? Uh, and you know, how how do we know they're in control or not? This is something to look for and and Steven this is something that may help uh with clarification As well as identifying trap traders just start with that not big not like everything just like where are the trap traders and then Um, you know, can I confirm that? Uh as a stop run after in fact these these buyers up here. This is a stop run So these it was these sellers down here that were trapped Uh and covering up in here Right and you know, I'm am I speculating? Not not really. Uh, I mean we know this is a stop run in here And we know these are stop order transactions and this is indicative of a stop run behavior here Okay, so let's see here Uh, all right. So the buyers now Uh, let's see if we can see how sellers, uh, you know, we got a little bit of our stop running here not much though Okay, and now we're looking back and forth in here now. We're looking for the the buyers getting it wrong Okay, well here's exhaustion already on that buy side. So I'm looking for sellers actually right now Right here They can get below the 17 and a quarter It's it's on Right. I'm looking for the stop run to the downside down and down into potentially 14 here Okay, now, let's let me take a step back on what I mentioned before Who's in control in these moves right now in this move right now buyers are still in control Okay, they took sellers were were here. They're upended. Uh, the buyers took control right around in here Okay, we can see them come in Okay, so that's what that's what made this move and this move Uh, they've been tested here in here, but they're still in control. I don't see sellers here Right. That's why I'm looking for sellers here Okay, I still don't see sellers here Okay, so buyers are still in control Let's see if they can move it then back up into this liquidity up here at 21 and a quarter Okay, does that make sense Okay, they're still in control. Where are they going to get out of control? It's still down here Well, it the real position is down here at 16 But I'm looking for like these guys in here the majority of these guys in here to be out of control Uh, and then and then looking for that sweep lower into 14 Okay, so right now they're still in control. So we're looking for our 21 and a quarter And so that's playing out pretty well Yeah, I I just I I really my um I I'm not trying to pick on you uh, uh, steven whatsoever. Um the Um, it these markets are are complex or We want to just clarify and simplify Uh, because uh going down that rabbit hole of of you know over analysis Uh is um is very dangerous Uh, so you you it's much easier. Uh, okay. Okay. Excellent. Uh as well as burnout. Yeah, absolutely Absolutely. Uh, we want to avoid that so stick with the simple Easy setups and get good at those You know something that resonates with you. Uh, you know, you like your volume profile Maybe look for exhaustion, you know, like, you know price being too high What does it look like an order flow for it to be too high now? Look at these guys when we talked about this scenario already I want to see really nice follow through here to the downside now Okay strong move and we do we have our correlated markets everything Looks pretty good. I want to see the the rustle. There's the rustle. Okay We should get a move then you know based off of that. I'm I'm leaning on these guys and these buyers up in here being trapped Hey for the the sellers to uh to hit into this liquidity and then momentum and continuation to the downside Hey, so trap traders where they where they trapped And what would happen if we get sellers down here? We're looking for that continuation and we should get a stop run You can see the stop run actually started up a bit higher up in here So and let's move to the downside the red line here One of the nice things about the momentum trade to Uh, well this kind of um momentum trade. It's it's not really a momentum day, uh, but uh Is the we we looked at market pulse in here three different correlated markets all Selling off that's moving the ship. This is like a big battleship and it's hard to turn that around Uh, the market is selling off So we're looking for a continuation of that sell off Hey, unless all three Turn around and go the opposite way, which you know could happen But for the most part we're looking for that strong kind of move some back and forth followed by another momentum Strong move to the downside and that's how you can get these kind of flag, you know, or continuation type patterns And so and that's what we're looking for here As well. Okay, so now, uh, I got kind of a bunch of stuff on the chart. Let me let me try to clarify and uh Just what we're looking for because one of the scenarios played out. It was these buyers in here Okay, uh, you can even see the retest back here, which is interesting Um Back back to where these buyers came in right so And then we're looking for these sellers to really press on it here Okay, and try to drive it away from these guys And get our big stop run maybe to the to the low of the day here at 10 How to avoid the trap? Well, uh The on the right side How do I mean like um And how do you know, uh, you're not in the trap either. It's true. It's it's a really good point Well, you know, the most the more you can have on your side the better Okay, so that's what we're here for is to go through Trying to get the most we can advantage we can on our side Uh, and uh, that could might be correlations. It might be uh, the order book It might be the volume is it's the context now. See the see the buy volume that came in here This we're looking for the move lower now. I'm looking for the follow through to the downside now Okay, so because I know that these guys are trapped Right, so I'm looking for this now And we were looking for that earlier So that's how that's how to kind of be try to go and be on the right side Now, how do you know that? Well, once you start to see some of that selling in this area in here, especially in here I think around 15 and a half That's when you know it, right? Um, or you have a higher probability of it working out Okay Many times I've had it many times it it doesn't but This is what we're looking for. We saw that that momentum move Okay, we identified these traders as being potentially trapped We do have the stop run here. We had we had the correlated move in here Uh, and then we have we're still looking for that correlated move, right? It was just chop back and forth and then these buyers in here. I know they're trapped. They've got to be Uh, they they tried and they can't these are the guys you want to trade with Okay, so You don't want to be that trader here Okay, so how how to avoid it in this one? Well, this one might be might be pretty easy or easier um Here's how is look at the condition of the sellers in here. How many sellers are in here? Not a whole lot, you know, I mean It's really kind of back and forth in here. So I'm not looking for that stop run to the upside Yeah, I want to get these guys I want to trade with those guys and be on this side of the move to the to the downside Okay, down to this 10 area Right. So this here I'm looking for it to fail It it couldn't even once it failed above the range in here and I see the sellers come in I'm looking I'm looking for the continuation. Okay now Uh, it's a very fair question about how to avoid that trap Okay, so, uh, uh, you know You're trading against these guys here. Well, what if they win the battle? What would that look like? All right, so let's go through that scenario Okay, so we would look for Uh, the these sellers in here To make a make this low here Uh, maybe a higher low in here and they the sellers dry up. It's just some selling comes in here Uh, maybe maybe high liquidity comes in here. There's many different Scenarios that might unfold. There might be really high liquidity coming in here Uh, and it absorbs that selling pressure and then so what you would have is this big selling cluster here Okay, and then and then buyers come in above it here Right, so then that's when that's when you know that the there's a potential trap by the sell side here Okay, and then you're looking for these buyers to come in and move it up squeeze these guys Okay, so again, we're not making this stuff up because here it is again in front of us. See these sellers here See the trap and the move back up Okay by these buyers all right, so, uh That's why these we've talked about these kind of pivot points. Um, or you can say we're You know resistance turns into support or vice versa Uh, and anyway, like uh, it's not a setup in itself Uh, it's a part of a setup that you're looking for Okay, so, uh, you know, you you want to see that in within your setup. So, um, you know If you're like top of the range here, uh, maybe it's a volume profile that you're looking at. Maybe it's uh, you know It's a range bound trade, uh, and uh, you're looking to fade fade the the the top of the range in here Uh, maybe you're looking at q and a volume delta whatever it might be You know to to give you some insight in here, but identify trap traders as a part of it that will that should make Uh, much higher probability outcome Okay, it should it's something to go back and and and test and study Okay, now look at look at these guys coming in. Okay, so this is a great back and forth Action today, uh, and these this is new. Uh, there's some stops in here Um, these guys are getting stopped out on the way back up Uh, but there's also a lot of looks to me like a lot of new binds So I am looking for back to the top of the range here uh, and um Uh, let's see here's nasdaq hitting s and p not quite All right, so it's it's not as good as I thought Uh, you know now nasdaq is tapering off Hey, russell hasn't gotten there yet. So I don't have a lot of uh, although I see strong volume here I don't have a lot of credence in this yet due to the correlations Uh absorption tracker um Okay, uh paul let's see. I I don't and I I know we're working on a uh absorption You don't know if I have access to it. No, I do not Well support and resistance. This is a new one. We're making a lot of changes new new algos in here a lot of new developments Um, so uh, here here's here's the pop up above here now We kind of stayed away from it because we didn't have the correlations, right? Um, uh, so, you know, hey, it did it anyway. All right. Well, what about fading that now since we didn't have correlations in here If we had the correlated markets in here You know on our side the buyers on our side We'd look for maybe a pullback in continuation Okay now because we didn't have that it's like i'm looking for another potential trap here these guys Okay, and uh, let's see if we can get Our sellers to try to drop it back down to test here or here. All right. So anyway, um I I want to be really aware like uh, my heart kind of went out to to steven about trying to make things simple. Um And uh and just go with those simple things that instead of like well, it might do this might do that Like, uh, you know now now we're getting now we're getting this this nasdaq and and s and p and russell's almost there All right. So let's look at this. Well, maybe this is a higher time frame move, right? So we're getting them. All right. Well, then let's see. I'm looking I'm looking for actually then in this case just due to the correlations here Uh, like maybe we can get a steep move up into 30 Or 29 something like that Okay, so now it's all kind of slowed down for a moment Let's look for a pullback And then let's look for a continuation Now that was a beautiful stop run though As well A lot a lot of people getting stopped out on this move here a lot 400 that's pretty big so that that gives us additional information in here All right, let's let's take a step back. Let's look at our bigger picture Uh, it looks horrible, uh in here. I mean look at the wicks on both sides here Right, but we've been identifying it pretty pretty well for a range bound trade Um, or a range bound trading looking for like these traps and then move back into the range and etc Okay, so here's a spike above these lat the last half hour of activity here Here's a spike above it and the rejection Okay, stop run above it Rejection there's still I still see buying pressure in here in this 15 minute chart Okay, but I'm looking for those sellers now Uh, and then the move uh potentially back down into 10 and and then lower the day here Or that would be lower the day. I'm sorry lower this uh day over here A lot of selling that just came in Moved it right back down All right, so Let's watch for it. All right, so let's go through another scenario here a very very simple one First we want to see our trapped volume by the buyers up in here Okay, then uh down below here It's just one scenario Down below here. We're looking for our sellers to come in And then move this lower right so then that would make sense with also this kind of This kind of pattern like that Hey, did we get enough did we do we see a good trap up here? No No, we don't So I hold off Yeah, a lot of icebergs paul absolutely at uh 43 40 Um paul I would I would recommend um, you know or encourage you to sign up for that book map academy if you haven't already Uh to you know, you're new in here. You're you're perfect for it Uh, you know apply for that book map junior academy Uh, and uh, you know, we'll go through uh We go through people's You know, we're just starting this up. Uh going through people's uh, uh activity now. Here's here's see our trap now guys so, you know, I we can identify these things in in the trader reviews in uh, um the uh book map academy and then uh We can look at some of some of your trading activity give some feedback on it, right? So now we got a trap, right? So now we're looking for that this we were looking for that trap potentially here. What happened here? Okay, now we're looking for our sellers to drive it lower because we got a nice little trap uh, and uh, this is like Let the trap is just a part of it Okay, it and it and it's not necessary But it when it's there it really helps and it's something we can easily identify it and makes our our outcome more probable Once we can identify it because we're going with these sellers here Pull back the trap and then sellers coming in again Okay, so that's what that's what we're trying to identify And uh, I look for those these guys to have to cover Uh, and then go with the bigger move here and the bigger move is here Okay, again night. This is a nice little trap up in here, too I get one more push, but I'm looking for sellers right here at 17 and a half or so It looks good And we're not we're not getting them yet not yet Right well that that can be even more fuel here Okay, once we get down below Uh automatic mode better than uh manual for sweeps. Um Yeah, I I like it. I I like it better Uh, I'll I'll show you why with the sweeps Okay, so let's let's see if we can get our our sellers here looking for them Yeah, this isn't the greatest, uh, you know, we came back up here We do see this buying in here and this buying up in here as the potential trap Okay, so now now it looks really good for a potential trap Right, so we're looking for our sellers probably right around here around 1875 And now let's see the sellers drop the hammer Okay, so we're down there We have an order book in balance We got our sellers And now we're looking for the continuation here And we're not hearing market polls. So that that make gives me a little bit of pause So maybe take some off at the bottom of the range No Just that I want to hear market polls really start to ring right now at 17 No, it's the opposite. Okay, so let's let's cover this here So this was the potential trap. This is the sell side Bottom of the range we talked about not having all the pieces here and potentially taking some off And you'd get stopped out at break-even Okay, because we don't know like now you might be in the trap. We might be in the trap here Okay, so, uh, how that's how does that make sense? Uh, I think I'll I'll she um Or uh, I think who was it? Oh, yeah, you you had uh, I'll see you had uh, uh asked about The trap and being on the right side or wrong side Okay, how to manage it if you're on the wrong side Just get out. I mean really take if you if you're not getting all the pieces that you're looking for in the in the picture here, uh in the order flow, uh, then You know bottom of the range like reduce that risk Okay, now if you had all the pieces then you you can hold on to it All right, and it still might not work out And then how do you handle if it doesn't? Okay, so Like you don't want to be in the trap because you get squeezed and you can really get hurt Uh, if this comes up to like 25 Uh, and this this kind of stuff happens all day long So it looks like it's going to try to squeeze but let's see now. We we also know that here is the same idea Okay, that those those buyers in here we can get down below 19 look out All right, we can get a really nice move back down to 10 This is why also you can see it for trend line traders, you know break of the trend line sellers come in You know, but identify that try to identify the buyers being off sides Uh, yeah, let me let me get to See what's what's hitting here. Uh, oh we see nasdaq buyers. Okay interesting That's odd sellers are starting to creep up No, it's just nasdaq buying S&P price change Again, even even with this in here is kind of interesting to look at market pulse Price change it's making sense. You know, we see a price change here Okay, so it that's what's sounding off right now Okay, but we're not getting volume pressure behind it So, you know, that's where you can kind of look at ATR strategies or, you know Try to get some insight like well, it's got the price change, but it doesn't have the necessarily the the volume pressure behind that price change Okay, so you can look for a fade You know look for Top of the range type of thing and then a fade All right, so I mean these things they they can they can tell you a lot All right, you can see what happened here. So, uh We we're we have both nasdaq and and um s&p trading up into this 25 level here and we would have been in we would have been in here Looking for that move and continuation like this scenario here right All right, so here's an example where it didn't play out But we did get some of the move and we we'd mentioned that well, we don't have the correlated markets together here Take some off Stop it break even Look for the next thing None not all of these are going to work out And how do you protect yourself? That having that backup plan how to protect yourself Is really really essential right, so all three markets now more or less, um in in Uh Correlated here, so let's see if we can get move up into 30 Uh, maybe maybe highs of the day now is what we're looking for Uh, 32 33 All right, let's uh, let me go to over paul's question here. Let me clear the drawings and Look at the sweeps indicator here Uh, the sweeps indicator is is fantastic Uh In fact, that was part of it was sweeps and absorption indicator all in one and then we Uh traders wanted them both so we we split them apart So, uh, let's let's take a look here. It's here Okay, so uh here Automatic mode. I really prefer it. This is let me explain how it works in automatic mode paul so the uh Very very simple indicator zero point zero one seconds. This mini traded now. You can see this 452 right minimum of uh, two price levels Uh innocent automatic mode if I you can see it's grayed out in here So I can't I can't change this in here because it's basically in automatic mode. It means within 30 minutes uh, we have a um Kind of a number in here that you can it's a sliding multiplier in here, but it's like a standard deviation Okay, that's what the sd is here. So standard deviation within that 30 minute period If it goes over uh that deviation, uh, you know, um, uh, then you know, you'll you'll see that number Uh, you'll you'll see it the output here All right, so it has to be above that uh in order to uh to output And you see it see how it just dropped quite a bit here All right, so let's take a look at it here Uh, maybe it's a little too high right so let's let's bring down this multiplier Okay, I'll refresh it by just Be selecting it here And let me zoom out too. So you can see a few in here now see the little green and then the red down here Uh, so basically, you know based off of the you know price action went in that 30 minute period Uh, you can you can start to filter for it. So what what that allows you to do, uh, Paul is to You know, just look for the bigger sweeps that make more sense to you And that's why I recommend it. So, you know, it's not because otherwise it might be a little too much Uh, if we put it in manual mode here, uh, and then let's say bring it down to like, oh, you know I want to look at 60, you know, uh filter for 60 where you might see too many now Okay, as you can see here, let's just dim the heat map here's here the green ones here the red ones or the purple ones Uh, this isn't bad actually. I don't mind this view. I don't think it's too much for me Uh, it's still giving me some pretty good insight. There was a book sweep up here Um, just a couple levels. Okay. Nice kind of sweep to the downside here Couple levels as well three in here right in here Um, and then uh, also in here All right guys, so And again, like now now we're seeing again this uh, we saw that move up. We're looking for uh, potentially 30 Uh to to trade now because of the those correlated markets Uh, we had a pretty big pullback to the top of the range in here And we we still see buyers, you know coming in here so It's not a low volume pullback. They're still buying in here Okay, uh, and uh, what about this uh, this as being a potential low volume pullback in here on the sell side not really either it is less than the buying in here, but uh, um It's still It's still pretty significant. This can keep you just that simple filter right there Can keep you out, uh from, you know, taking taking potential trades here Okay, only when they align, uh, you know is when you want to take it So you have to be patient you have to wait Uh, and you wait for what you know works Uh, whatever whatever you want, uh, paul. I mean like um, uh, you know play around with it zoom in and out and You know, where do you get the most insight? It really it really depends, uh so You know if you're zoomed in here and you want to look at that sweep So you're probably going to see a sweep in here or in here for sure You're definitely going to get a sweep on many time frames right now And look at that stop run guys Yikes That's a big one really big It's up to what 13 almost 1400 and it started here down at 500 So it's like nine 900 the thousand or something up up in here All right, so let's um try I'll try to kind of wrap it up in here. We talked about a few different things We talked about, um Trap volume, uh, and then being on the right side or you know, how to kind of judge that How to look for something that might be, uh, uh, putting you on the right side We we talked about, um the um These momentum moves or um, you know using market pulse Understanding what the some of the power behind some of these moves, but also the correlated markets Uh, and how that has been a nice filter Uh as well to look for something higher probability Uh, and then we talked about, um uh Yeah, I don't know different different ranges in here, um And range bound trading, uh, and uh, uh, you know, how to kind of Look for trades back up to the tops of ranges, etc Or bottoms of ranges and when these things come come into play. That's really really the key Is when they come into play And we cover the sweeps here What else did I cover? Oh, so many so many different things And this has been a really really choppy day Hey, but we we saw some good things in a choppy day I you know, this is really strong momentum here on this 15 minute chart like big big green bars, right? Uh, well look at the volume behind those big green bars too. How how big are they? They're they're not that big Uh, you know, it's kind of tapering off in here Okay, so how you know, how much do you believe in this move here? I mean the volume looks good. It looks like a perfect continuation pattern in here Strong volume tight little range looking for strong volume up into 40 All right. Well, all right, so let's let's for that idea We're looking for not this Hey, look at that liquidity here on the offer It just came in at a lower level here and it's three different layers here Okay, now we also had that the buyers just took them on Okay, and look look look at this battle here between buyers and sellers in here And this is a good one Uh, because we have all these limit orders in here Are these limit orders got filled up here as well? Hey, they just got filled here and they're in again Hey at this lower level in here Right, so what we were looking for earlier and this is just is Where you can start to put these pieces together by reading book map in the order flow if you don't have that this is what it looks like You know, you don't know what this relationship in this context in here or up in here You have no clue you have no clue that they're in the order book also right now Up in these levels now you can look at your seal your your um your dome and see them But like how long were they in there? What about this area in here that transactive you wouldn't know that Right now. Where are they now? They're down here More or less a little bit in here as well, but mostly down here around 30 okay, so Then let's turn that heat map back on and get more insight here Okay, so they're down here at 30 And now we have this context It's still kind of dark in here Buyers kind of trying to go back up now we can tie these things back in okay What about buyers up in here being trapped? And then we can get down below here and then look for those sellers to come in Then move that market down into 30 All right, so that's it's an idea and is this scenario playing out? That's what we have to answer not yet Yeah, look at that that iceberg, uh, alouise from uh From 30 uh raised price up six six points Well, I'm sorry. No, the iceberg is in here Right. This is the one you're talking about talking about here That's that's too high though, but not seeing much right now. Um Not not seeing much of anything now. This is the london london close or is it uh Time is just shifted. I'm not sure. What time is it in london right now? Yeah, okay, so this should be the this should be the close 4 30 p.m Okay, anyway big wall liquidity up here uh, and Yeah, I would love to see it get filled and love to see it turn around and then come back down the other way Okay, 43 50s volatility. Um, you're looking at your options, uh, uh, paul Yeah with your gamma Okay, this is this is an interesting move here it traded into this high liquidity here and there's still more buying pressure up here So just stay away No, at least I am Like uh, I would love to see it come back down to 40, uh 34 here And then see some sellers All right, then I could trade it down to 32 maybe take some off and look for the continuation All right, and then at that point I do know That these guys are the potential trap All right guys, I I need to go so, uh, uh, thanks for thanks for coming everybody. Um the Uh, don't forget about that bookmap academy if you're interested and that can Boy, we've seen our our buyers come in hand over fist here So there's a lot of buying pressure still in here, right? So, uh, yeah It's kind of a Kind of an odd odd move in here. We have high liquidity is getting filled. They're back in again in here And but we're still seeing our buying pressure So it's kind of a we have a kind of a big big battle happening in here And I'm still kind of looking for this to Yeah, potentially fade here And the buyers just just give up and have these sellers really try to move it the opposite way But uh, uh, anyway, we're looking for it, right? Uh, it could be beautiful right here around that 34 area Anyway, um Yeah, so, uh, yeah, we'll catch up with you tomorrow. Thanks for coming everybody and we'll see you tomorrow at the same time All right, take care. Bye. Bye