 Good afternoon traders. Welcome to the bookmap professional trader webinar series here Today we were going to have Niels Koops. He just contacted me about half hour ago and he experienced a crash on his virtual private server and He lost his data and in his presentation so what we're going to do is I'm going to hold the regular webinar that we have in our educational process our advanced order flow webinar so that You know, there's something to go over here. We'll take a look at a lot of different things And I'll give you guys a peek into our education What we offer there for subscribers and I'll I'll talk a little bit about that and then we'll have Niels again You know, he was he was really bummed. He was Looking very forward to this. He had an excellent example. He said today in the DAX so You know some really good stuff to show He's an excellent trader. So it's it's a pity. He had some technical issues this morning and Anyway, we'll have him next week. We'll reschedule this and Continue it next week. So if you guys are our game here Then we'll go through the the markets and live analysis and what we do in our education here And then and take it from there. Okay. All right. Well, so let's jump in here then and The live order flow advanced analysis webinar This is what we normally do here the risk disclaimer trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results So as I mentioned, this is part of the education. There's a course that comes with the education when you subscribe And that's available online all the time and then every day we have this advanced webinar Okay, and this is this is it so we'll go through it today and this advanced webinar We really jump in and look at the order flow specifics We've moved beyond the basics and we really start to delve into what the order flow is telling us on Multiple time frames starting at the higher time frame and then drilling down and then looking at as many examples as we can of order flow phenomena and how to Objectively read it and then we start to anticipate future price movement based on what we see in our analysis Okay, so what therefore you have the course and then you also have the Live market to understand what it looks like ask questions and then you can start to Analyze and anticipate where price is going to go. All right So we'll we'll jump in here and we'll take a look here at the at the S&P many I have a bunch of markets open. So let me know if you guys want to look at something specific. We have NASDAQ we have a crude we have the notes we have the euro Bitcoin and Some stocks here as well. Okay, so Apple Tesla Netflix JP Morgan and Twitter All right, so let me know we'll go through many different examples here Okay, you want to look at Bitcoin. All right, we will we'll take a look at that some kind of crazy stuff here looking at the at the NASDAQ here Suleiman, no, I was not able to to get the f-dax and FESX So I'm sorry about that. I know that you had recorded or requested that But no, I was not able to get that data. Okay Anyway, we will figure it out and we will get it but Just hang in there a little little longer. I should have dated soon for that. Okay Well kind of a funky day here in the S&P looking at the the order flow look at the 930 open here as you can see You know a lot of a lot of volume always at the open move to the upside but look at this stacked book here Okay, this usually is pretty good indicator That this is going to go higher. Okay, because we had not only them stacked in here with the limit orders We also had them pulling up here So this was free for the the aggressors the aggressive buyers to take this higher Okay, they did not they chose not to so let's zoom into this area here Okay, and and just start to understand What's going on in the book here the larger players that are involved some really? you know it's really good stuff to take a look at here and for example You can see that We have a little area of consolidation right here. Okay, so let's take a quick look All right, we broke out of that consolidation now usually in the order flow what you see Is quite a bit of aggressive buying it takes okay? It's required to Re-evaluate this instrument and for it to trade up into a higher range and to accept in that higher range Okay, and that's exactly what it did here, and then it struggled up here Okay, so and then here's the retest in fact the retest here is actually pretty bullish, too Okay, because usually the retest what you'll see is it come back down into the lowest point would be probably right around here Where there's going to be a low volume node. Okay, we know that There's going to be a low volume node in here is because look at all the volume that traded in this area And look at all the volume that traded here, and of course we can we can come over here, and we can look at our Volume columns so Niels Niels is in here as well Niels that feel free to chime in if you if you like on on anything And I'll hand the mic over to you but Yeah, real pity that you had such good examples So anyway, yeah, let me let me know the And looking looking very forward to to next week Niels is an excellent trader. He's been trading for for quite a while And looks at very specific things. He knows exactly what he's looking at. All right, so anyway Point here about the tape and the order flow is you'll see this again and again and again You know the the bind needs to pick up in this area right here Okay, it's That's what's required for to lift up out of this area where price was complacent. It was In equilibrium here. Okay. Well something, you know changed and that change happened here on the breakout Okay, so that's one thing that we look for to see who is in control Okay, and we know buyers are in control. We can see it in the the size of the dots and the color You know green at higher and higher highs here. Okay, so they're buying at higher highs. This is bullish Okay, usually what occurs in this trend is you see that on the on the retest Or the pullbacks There's actually a little bit of selling here. Usually what you see like in these examples here is very little selling Okay, and more buying at higher highs Okay, it's just how the order flow works. No one's interested down here Price rejects out of this area is exhausts out of these areas and comes back up into the mean where it can trade Okay, because there's other transactions that have taken place there And if those transactions start to take place at the high Okay, you can get price discovery to the upside Okay, and that's what kind of that's how these structures of trends start to exist Okay, and we can see it here pretty nicely so Anyway, it's pretty pretty flat trend as well. It's not the most most aggressive here But that's why we want to understand Some of these price structures and random walks in price Okay, and price channels. Okay, why do some of these old technical analysis? Patterns work it's just it's just because like it's really starting to understand within a range what the value of this instrument is Okay, so And if you have more buyers at higher highs, well, you're you're you're gonna get price discovery to the upside Someone's gonna be interested in taking it higher Okay, and and that's just reading the tape here now who we haven't gotten to the order book quite yet the the order book is Also is an important part here, but you can see they're pulling liquidity here pulling liquidity here and pulling well They actually stayed in here. Okay, and we see the transaction and that was the high okay at this point All right, so you can see it tried a few more times here now This is pretty trappy here. I mean look at look at the the interest here. Okay bidding up at a higher level This is very bullish and it's a lot of liquidity here As well one tick after another here or every other tick I should say Okay, and it's it's right down by this swing here in this area All right, so what occurred here? Let's so let's take a quick look. Okay. I mean, it's looking just just great here You've got them bidding up in these higher areas and the offers here are being pulled Okay, what we need the piece that is just missing here is the aggressor at the higher highs Okay, see the exhaustion up in this area up here once twice thrice And just very little buying up here In fact, we can look right at it and we can see that 200 contracts Traded at this level here one tick below that we have like 10 times that okay over 2,000 more than 10 times that Okay, so basically we're exhausting out here on the buy side. There's no more interest Okay, well the sellers start to read read that they We find responsive sellers starting to come in at least take it to the mean Usually to the other side of the range. Okay. Now. Here's where it gets interesting. They start pulling Okay, so this is it's required to kind of understand and Zoom into these areas here to really understand their behavior Let's see here. I knew do you want to chime in you're more than welcome here So this is this is what you're looking at in the DAX. I think you're mentioning Let me know and I'll I'll make your mic Okay, okay, great. All right, hold on. I'll hold on here a minute. I see your question there Suleiman Okay We find Niels Here we go Okay, Niels. Yeah, there you are. Yeah. Hey guys. Yeah, sorry about the technical difficulties, but um I'll make it up next time. But um, but yeah, this was actually what I was looking at But then in the in the DAX At the time the high was put in at the ES Right about the offers at The time was 955 ish. Yes Yeah, there. Yeah, and at that time at the DAX there were so many offers being put in So I went short But I caught it I got a bit cautious because because at the same well like a minute later all those bits came in on the Yes, I was like, oh boy I'm gonna push it up. Um, but then they didn't and um, so I kept that kept my short and they were just They kept offering it down in DAX And I think I have saved that data on the computer on the on the trading desk So I hope I can show that next time. It's really really really clear But anyway, so when I when it came down when the ES came down to you like the 10s You could see not everything traded that they were bidding and I kind of expected that usually it trace through well This is just one one one firm bidding probably because they came all together So they just were bidding like six or five prices or something. They just wanted to fill So that was really interesting for me and and when that happened It didn't take back and when it didn't when it doesn't take back right away At that time like like it's micro it's like short term. It's it's it's weak ish If there were like really powerful, they would have bid it back up to the above the 10s And they didn't so the DAX keep going down as well And especially in the DAX that kept offering it lower and lower. It's I actually never seen it So today was really interesting So the offers were just being brought down brought down I think the DAX went down well made a new low. So I think it went down that point for like I Don't know like 60 70 points or something without without a decent pullback, so Yeah, that was that was really really clear today That's what I wanted to show you guys, but unfortunately I couldn't but um, yeah so that that's a No, it made a lot of sense to me Yeah, yeah, I mean, this is really yeah You know kind of kind of wicked here, but this is this is where you know, you know You really need to like know the facts and zoom in This is at least what I find and they're pulling, you know, they're pulling their liquidity So do they have the intent to trade? Well, it looks fantastic here, right? It just looks amazing And they're pulling on the offer. This is you know, it looks like it wants to go up but You know the the exhaust out on the buy side here sellers come in and then these guys are pulling here Well, they got to go lower and so so this really They had no intent to trade here and and that that is how it ended and this is the fact here They they didn't have the intent So we're going lower it to find find higher liquidity And usually that's at some of the swings and some of the stops here. Actually, I was really kind of surprised here I was very surprised to be honest This did not go below the swing open Down here, so I was looking for it to spike down below and then come back up The DAX did actually they made a new low in the day. I think at that point Yeah, I'm pretty sure um, so yeah, that was interesting. So I was like, okay, so It's probably close to an end since the yes didn't go lower. So, you know, that was pretty interesting Yeah, yeah, I mean, it's it's always a you know, it's kind of tough because especially I think in the yes I mean, it's just so much liquidity and it's so many Contracts trade that you know, you expect this or you look for this down here because you know that there's gonna be stops down here but you know, you you know, you place orders down here and then you get left behind you know because Yeah, it can be that can be really tricky. I think with the with the S&P Whereas the like you say like the DAX or the NASDAQ or crude you usually will get that spike down below Yeah, very very briefly briefly, but you probably will get it Yeah, yeah Like around 1040 ish where where you see the the office coming in and we had the pullback to the to the What is it? Oh sixes. Um, that also happened on the DAX. So I took that on the DAX And that that price level there was also like relatively there was also liquidity So I took that kind of like that break down level, right? That's the breakdown level where all the big bits were before They pull yeah, right So you're speaking of this area here, right? Right now. Yeah. Yeah, okay. Yeah Now that the the tens like that the little spike to the from the tens till the 11th I in here 10 the time was 1040 Okay, oh in here. Yeah. Yeah, that one that one. Yeah. Yeah, okay Yep Yeah, so I figured they would try to like get get back into the Well, it was still in range, but like try to make a move um, I Don't know. Well, I think it was more on my feeling that it would fail the first time But anyway, I took it and then it pulled back It was nice for a little like I think I took only like 15 points on the DAX or something whatever but Um And the next one is also really interesting, right? The one you were pointing out after with the oh eights the the bits that got tested That is also a really really nice example of how How liquidity can hold or at least try and hold the market and then it went back to Nope This area here. Yeah. Yeah. Yeah. So I mean there's there's the the you know Um Another fact there. I mean these guys did stay in the book and they did transact Yeah, and I always look at that below where you see the volume spiking and then, you know, it's straighted Right right here Yeah, yeah, yeah, the volume spike and that for me. That's not the volume spiking that I know something's happening um Yeah, so I will I it goes pretty fast, right? So you don't have like a minute to think about it usually Especially not in the DAX the DAX can spike like crazy. So that that's Sometimes you have to even have to be like in the book beforehand and doing then just um Well, I wouldn't say pray but kind of hope you're right You know, that that's that's actually something like in in our in our um, uh advanced webinars You know daily, uh, we we we don't get to that level. Um, that's more kind of advanced That's one one more step because um, it's hard enough to um, you know You know to look at at these price structures and the uh, uh, You know liquidity and volume and start to understand But what you're doing is like for example like here, you know, you see the breakout to the upside, right? Yeah, um, But you're anticipating that here You know before it happens you're you're thinking well, you know, this is what the DAX is most likely going to do So if I want to capture that I've got to be in down here Uh, and then wait for that to happen if it doesn't happen Then I'm out and uh, so you're you're anticipating that This structure to already exist. Uh, and uh, it's fantastic. Uh, neals. I mean, I I you know, I We know you're an excellent trader But that's a little bit beyond uh, what what we do in the in the webinars here, but that that's the next step That's the next step Yeah, and I think like you mentioned though for the DAX you kind of have to do that Yeah, I mean, it just spikes so fast if you like, uh, two seconds late, then you miss like five points already usually and Yeah, that's just just ashamed to do miss that if you want to If you're interested in that level anyway, it's just better to put in a bit and uh, no Yeah, just like like look at the risk of course. I mean it can go Uh, it doesn't have to bounce right at that point. Um But if it's some kind of extension or a new low Um, usually they spike a little bit back to because they're just running stops, you know, and since the DAX is so um Well, the book is is pretty empty. So it has fast moves and Yeah, it's just lower lower volume, even though the contract is bigger Um Right. Yeah, but it depends like on the es. I wouldn't do that. It's different. Um, because it's way more liquidity Um, like for example, if people don't know the DAX um, it trades at, um, like half points um And per price there's On average like eight or 10 contracts, uh Bit and offers so it's really really empty. So the bigger If it's getting bigger if you see kind of I don't know some big trader bidding then there may be 30 contracts at some point, but that's about it So you can like imagine that it can go can go really fast if someone's like Has to sell 50 lot then you you move it you move it like six points already or something, you know, like, you know It just goes really fast. Yeah. I mean, I think um Uh That's a really good point here because like in the es for example You know, you're you're probably going to get another rotation. Uh, and uh, and you're you're probably going to get filled And in fact, not only is it going to be one rotation. It'll probably be like two or three You know, it always goes back and forth like that. Um, but You know, you're you're kind of advanced entry here is uh real real nice. Um a way of Thinking and you know, we'll we'll we'll wait. We'll we'll do we'll do the Presentation next week. Um, but the um, uh, you know, you went down here and you anticipate, you know, this kind of breakout to occur here Uh, well, your your risk is minimal. You know, take a shot at it, you know anticipate this take a shot at it down here uh, and Then, uh, you know, if you're in you got you've got it great You know, you'll probably take a number of small losses, but uh, you can easily make that up with just like one of these You know moves to the upside in the acts true Um, let's see here just a few questions. Uh, sulliman. I thank you. That's a very nice offer to Show your screen and and then have neils's audio. Um, I let's uh, let's hold off and um Let's wait until uh, uh, neils has uh, uh, you know, his um, some of his examples. He'll have he'll have more examples For next week As well. So that'll be good. Uh, and um, uh, since I got you guys on here and I see some, um Different uh suggestions coming in uh for for book map. Well, let me let me show you something here And and this is you know, a good time to just kind of uh, show this to you guys Because we have all these resources that a lot of people really, uh, don't know about Um, we have a book map form here. Uh, if you guys are interested in, uh, you know giving There's all sorts of good stuff here about our api New indicators, etc But for features and requests go to the general form here and then click on features and requests here Uh and add your your feature or you know your suggestion in here Okay, that's the way to go. Uh development will look directly at this And then they'll they'll be uh, you know gauging the interest here So, uh, and then and then developing from then in fact, that's exactly what we're doing with neils Yeah, I think things so so yeah, let us let us know and use use the form here. Okay And uh, let's see here, uh Yeah, so so a little little background. I'm trading at the floor, uh for a firm in amsterdam and um So we have like unlimited data like a limited depth and and data for stocks and everything. Um so we we I work together with with book map to um to develop in an api to get Our proprietary proprietary data Into book map and that we just kind of finished that up and it's actually really cool. Um, so I'm testing that in the coming weeks and um Yeah, it looks really promising. So, um Before that it was really hard to get any data or good data for for stocks and stuff like that and I also I'm I'm also now um looking at the the decks And if you just Through that api It's probably similar to what it should be similar to what I have on my rhythmic feed or dtn, but but yeah um It's really interesting. So it gets a lot more options to to look at stuff and um, yeah, I'm pretty happy with it so far That's great. I mean that'll really open things up Yeah, uh once what once we get up with that and uh and sullum and I should be able to get some dax data as well I think uh from from that So, uh, uh, I I don't know. I need to speak with uh, sorry our CEO, but uh, I'm trying to get uh, urex data, um Figure something out. Uh, it's been requested here in the room Are you have rhythmic running so you can just request your x on that? I have that I have that too I'm sorry I see you're running rhythmic a rhythmic feed for the yes. Yes. Yeah, so I have that too on my own computers and I have just um Well enabled your x on that and so you get dax as well Oh, okay. Okay. Yeah, I I spoke with my broker about this and I um, I was they did not offer it So I was not able to get it so um That was uh, that was a pity. Uh, they offered it through cqg but not through rhythmic That's weird. Yeah. Yeah, I thought so as well but But anyway, um Uh, so uh, oh question here on your um, um On your data here, are you getting full depth? Uh for your uh, urex? Um Right now, um, no What it should be full depth, um, they they they limit it down because the firm mainly trades stocks and that's a limited depth for everything On urex, they had a t1 connection and they're gonna up it to uh, like a t whatever. I don't know like a 10 I think 10 10 megabytes Line um, and they have to redo the connection and connect to another server And it's gonna take a month or two to do that and then we have full depth on everything on whole urex on like, yeah But yeah, that'll that'll be fantastic Yeah, I know That'll be a game changer. Yeah. Yeah, especially for thin thin instruments like the DAX. Yeah Yeah, yeah, that'll be fantastic Yeah, we're now at 15 levels or something 15 levels is nothing on the DAX. It's just like seven point this show. Yeah, that Yeah Yeah, yeah, so so guys, you know, I just wanted to point this out to um, uh, so I mean you can see like We're working, um, you know very closely with with neils here, uh on indicators I just want to mention this because uh, this is really exciting a new direction here. Um is the Uh, the book map api Okay, developing custom indicators strategies, uh, even connections to various exchanges. That's all possible now Okay, uh, and that's what we've been talking about so you can develop your own. It's this is it's java based uh, but um If you don't know java, you can hire someone who does uh and develop, uh, really whatever you you want And uh and have that data, uh in book map. All right, so Terry, we already have a correlation tracker On the in book map. Uh, that's already exists. But Anyway, uh, yeah, I just want to mention that because uh really exciting direction. Uh, you know, we had, um Uh louise uh yesterday, uh, you know, he's obviously looking at um, you know tons of data And uh able to develop, uh, you know customized proprietary indicators For him or for yourself or whatever it might be And really kind of open up the architecture here, uh for book map So I just need to need to mention that to you guys Uh, anything else neils you want to take a look at here and that you see? Um No, I mainly looked at the DAX today. Um, it's it's the only thing I traded actually um No, I think I'm gonna save the rest for for the next time I was better Okay, okay. Well, uh, there's just a a few things I'd like to just go over here. Um, like this move here You know, like I said, I I think this is really really quite wicked. Um, Yeah This is why you need to you need to zoom in and you need to really kind of know the facts here Of what's going on because uh, you know Most of us, uh, you know familiar with mark market profile or volume profile Well, you know, here's your here's your low volume node right here at 08 You know, it stands out like a beacon, right? But you got it. You got to figure what's going on here. Did this whole area is getting gamed Right. Here's all of this liquidity, but it pulls Okay, everyone's gonna be buying they're gonna be, uh, you know buying in some of these areas like, uh, thinking Oh, you know, this is a sure win Uh, you know for continuation to the upside and they're all they're all getting stopped out Yeah And that's where the DAX helped actually because they were they were they kept it offered everything was offer. So I I mean, I have to say I have to admit the es that those bits made me, uh, like cautious um But it was so many offers in the DAX is just like no way that was going up, you know, like so That doesn't really help. No, yeah, that's really interesting. I mean, that's what uh, louis was talking about yesterday as well A lot of the correlate the court noir correlations, uh, you know, when he says they they really start to uh, You know come together like it's it's like given Yeah, so Yeah, really real real powerful way. Yeah, and only yes, I I know I know it's so well and um I'll look at well, you know, I look at footprint charts and um There there are certain like patterns or or like like for me signals that that I know I'm pretty like fairly sure that it's gonna happen and that helps me also to pull a trigger on the DAX right so Those things happens in happens in the overnight for example, and then I can use it in the direct link trading hours or the DAX So those things like yeah I mean it takes a Well, I guess to get to know that, um What takes a few years, but anyway, but once you you see that it's pretty pretty handy, I would say I mean, yeah It really helps Yeah, absolutely. I mean, uh correlations are just um, uh, uh, you know a fantastic thing. Um, uh pretty pretty Pretty amazing, you know, and that's really really understanding value of of instruments and You know and and projected value As well, uh, you know, I just wanted to go over so, you know, I actually I tweeted about this and why i'm going over this um liquidity here that's pulled In and how this I know that this can be confusing to a lot of a lot of traders But you know, it's about the context here and we just witnessed it here that they're pulling this liquidity Okay, so take a look at that set up there And then take a look at this at the close here. Okay, so there's actually a few in the close here Actually, this this one's better Um, so here's the close right now this liquidity down here was never tested as well Okay, uh, so um, it's just it's just a skew in the book, right? They never it never tested But you've instead what you've got here is you got the aggressor on your side. Okay the buyer Right, uh, and and they continue to buy at higher highs here and then look at they even bid it up here And this is going up to the higher areas of liquidity Yeah, so, uh, uh, yeah, don't uh, you know understand the context of the liquidity and the aggressor together Is really where uh, you know, the rubber is going to meet the road here You know, it kind of exhausted out here on this little point up at the high here But it came back with more buyers again And then it rotated one more time here and they really picked it up here. This is where this is going to break okay, so um starting to understand the context of this kind of stuff And then the context of this here Will help you keep away from these areas Uh, or or, uh, you know look for, uh, uh, you know the opposite direction So um, anyway point point made So, uh Yeah, well, uh, let's see. I don't really see too much myself either Uh, this little area is looking kind of interesting here This is where you know, we see some initiated buying or you know, pulling it up Out of this area and then it did make new highs here and they're back in the book here All right, but you know, we have fomc In less than an hour I imagine we're probably going to see this kind of bounce around without too much of a Direction or or too much of a distinction here in the in the order flow Seen some pretty high liquidity down at o o nine here and then o 11 So we're in we're in a narrow range So usually in these narrow ranges like this, you'll see something break. Okay, and we'll we'll keep an eye out But we'll we'll go for maybe about another seven minutes here And we'll end the webinar, but uh, keep an eye on this area here because uh, you know It's only two points in the s and p And something's going to break here All right, you'll you'll make you say hi liquidity like like I don't know like a year back or two years back like 520 24 and How much is it like? 591 I know It was so low. I mean there were like 1500 on every rule I know It's it's terrible now It's crazy. I mean, well, that's that's when you know that comes with the volatility the uh, yeah, sure. Sure. Yeah Yeah Yeah, yeah, I I agree, you know, but uh, you know, it's all relative Uh, yeah So there we go Here comes the break here. Uh, and uh, partial partially filled here. Uh, it looks like four four hundred and ten, but that's not all um Yeah, four four hundred and forty there. Okay, so that that's fact and we know that Yeah, and then let's see if we can uh target let's see if we can get back up into the range and we'll target these guys here Or maybe the other side up here at 11 Okay, but uh, uh, anyway, um Nothing too distinct here. Uh at the moment I wouldn't get too crazy just like for fmc, so Yeah, yeah, no exactly exactly. I mean don't get caught up and and it really needs to be clear That that's one thing like in the um, uh in the webinars like You know, starting to understand like that that clarity like it You know, we go through the process Of reading the order flow And then, you know, it it should do something based on what we see but And i'll try to find an example here but Uh, and it and it, you know, usually kind of does what we anticipate But make the point though that look look at this example here and look at this low volume And then let's look at the example earlier in the morning and look at see how the high volume really defines it and it's really clear This is they're moving the you know the instrument here And then what we're looking at in the afternoon or like, you know, around 11 30 eastern You just it's just not as clear for the most part. Yeah, so it's up, you know, it's up to your risk profile but You know looking for that kind of clarity Will keep you away from A lot of uh, you know Mediocre trades Yeah, 11 30s when I go home Yeah, what time is that for you the 5 30 or is it 5 30? Yeah. Yeah Yeah, you can see the close here. So that's when it broke. That's when it broke to the upside here It does that a lot like after european european close you get some kind of reaction and then It's actually a usually pretty good pretty good setup at the point, but so i should just stay till 12 Yeah, yeah Like that's like 2 a.m. Eastern. So That's when the the DAX opens um The future that is the cash opens at 3 a 3 a.m. Eastern. So Yeah Well, it's uh, uh, long long London time. Okay. Yeah, um the uh, no, that's Yeah, okay Oh, you're you're in uh You're on on frankfurter time or That Netherlands time. Yeah Yeah, um, okay Well, you know, uh, this is a kind of tricky little area in here We we go over this in the webinars quite a bit here Uh, and this is right at the close. So we're talking about it right now And let me just go over this here because it it's it's not the greatest example here But uh, it's still doing it. So let's just cover it Um, you know, here's where we broke down, right? This is where the aggressors came in Okay, the you know, they're hitting the bid pretty hard here Uh, and um, you know targeting higher liquidity down here and we we noted this in real time Okay, that they actually traded here or and i'm sorry not this one. There was another another one Um, uh, but uh, you know, so they started to trade here, right? So that that's fact We know that right so it's it's not fully absorbed, but uh, it's higher liquidity And uh, most of it is absorbed, okay So we're getting a pullback and when it comes back to this little area where it broke from here We start we initially anticipate That there's going to be a lack of buying and we're going to find more sellers Start to reload to push this down higher or lower And and make maybe an equal low or lower low Okay, now what happens in this little critical area here was there was a a battle that kind of erupted here Uh, and um, we we see that the buyers are winning it Okay, so we're seeing more buying up above this little area here, right right in here Okay, and it's going back and forth now. So what this means is at this point here buyers are starting to take control okay, uh and Uh, uh this area here. I mean basically is going to be You know trap trap volume in here Okay, and and they're going to uh these people that sold the breakdown here are going to feel the pain back up into these areas here Where their stops are most likely going to be okay, so This little critical pivot here is what we look at quite quite a bit right not that one And and if you trade in europe then you know that they Close at 11 30 and then they have an auction price that opens at 11 35 So usually you see a push till 11 35 and then they can trade that price till 11 40 um, so that's I think that's interesting Yeah, yeah, I mean because that's exactly when the move uh, it kind of stopped Exactly, so that really moves on europe that last bit, but yeah Yeah, yeah, geez. I didn't know that. Uh, that's uh, that's great to hear. Uh, so we'll uh, we'll definitely uh, Keep keep that one in mind. Um Yeah Yeah, so and then you know putting this together here though like uh, although partially absorbed down here We did we did find that these guys are long, you know, the majority of them are long Okay, and there wasn't quite enough selling selling pressure to go one more point lower Uh, but the buyers did come back in but they they took control here Okay, so now we know where they're taking control It's any kind of pull back into this area here now. We're starting to anticipate buyers again or lack of sellers Okay, and uh, in fact, uh, this is pretty bullish here because the move came up into uh, this area here Uh, this is where it broke from here and basically we see the volume start to pick up here Right and above that area. So kind of looking for a pull back into that area Uh, and then maybe maybe here as well Uh, and and that's exactly what occurred Right, and then we started making higher highs here. So anticipating again more buyers in this little area here Okay, so we're we're understanding the traders. We're understanding the order flow Where these guys are positioned? Uh, and who's in control? Right and you can see them. I mean that that played out, you know, pretty nicely here a number of times until it broke Okay, now the sellers are taking control All right, so uh, uh, anyway, uh, some just, you know, some basics here I mean, this is more more kind of advanced stuff than the than the basic order flow webinar, but uh, You know, this is the kind of stuff we look at And then we start to anticipate, you know, some of these uh higher liquidity areas here on the offer to to be targeted Uh, yeah, I don't know anything else that you um, uh, you you see here, um Niels that you want to you want to go? No, not at this point. No Yeah, me me neither Uh, it's not much so um, all right. Well, we go we've gone for uh, about Uh, 45 minutes here. Ah, let's see here. Um Um We have uh, uh, Luis in here. Um Oh Let's see here. I I believe let me see if uh, hold on just a moment here Let me let me double check here And I don't see him in here He came in as a different name yesterday Uh, we'd be great to get his uh his insight here Yeah Where is he from? Uh, he uh, it lives in uh, Stockholm Oh, okay. All right. Yeah uh, and uh, you know, uh institutional trader, uh you know trading is a long experience trading uh, and uh uh, anyway, um I don't see him in here Okay Well, anyway, so Does anyone anyone have any questions here? Let's see. Uh, just go through a few more and then we'll we'll wrap it up here Um, and again, I'm sorry guys, uh, you know, uh, you know, Niels is being a sport here and uh, Uh, you know hanging in with us as we go through what we What we see or you know, what's going on in the in the uh live markets here But uh, uh, we will do it again and Niels is you know, uh, he's gonna have some great examples He always does Um Oh some bitcoin. Yeah, we can take a look at bitcoin quickly. Um, and then a few more questions here Do you use the cvd determinants using control? Yeah, daniel. I will use the cvd Um, it really depends. Um, I really like to see it in terms of absorption Uh, you'll see the cvd spike, but price won't because it'll hit a whole bunch of limit orders Um, it just helps me verify some things Uh, or when the day is really kind of choppy and I don't have a feel for what's going on, um, then Uh, the uh, I look at maybe some of the cvd for the, you know, kind of cumulative volume over time where I can't read it Um, you know to see maybe who is in control. So the cvd will help me with that as well Uh, but uh, yeah, I mean, I don't really I really like to see who's in control Like in some of these little areas here that we're mentioning And um, uh That I like a lot more personally than I do like looking at the, uh, you know, the cvd. Okay And uh, let's see here Got a question for neils. I believe that neils would be great to answer. Uh, are the aggressive price movements toward liquidity and attempt to scare the limit orders? Uh, or are they indicating exhaustion and eventual, uh, liquidity trade? And that's from from tyler um Well, it really depends I guess I mean, um, towards liquidity. Well Usually price moves to liquidity anyway um At your point about being aggressive. Well, they don't need to do it aggressively, um But fast moves are in general um To scare people in my opinion. Yeah um But but I yeah, I wouldn't say it's always to to scare people towards liquidity now, but um But fast moves in general are Unless they continue like with news or something um Unless they do that it is usually yet to get people on the on the wrong foot Yeah Okay, in my opinion Okay, uh, let's see here. He's talking about maybe a specific example at 12, uh Or 11 20 here 11 20 So this into here, it's european clothes. So, um Yeah, that that usually moves faster Anyway um So I wouldn't say it's just scarce just it's closing up. So they're closing the books and um Probably probably the only time in the day that the es might react on europe instead of the other way around So I wouldn't say that is to scare people now They may be re re balancing before closing down And it has in this case also a little effect on the es Not understood. Okay. Um Okay, so, uh Let's see here. Uh, well, yeah es is uh, yeah We saw the the move. I was actually looking for it to come back. Maybe into the range here, but uh, Nope, nope, uh, we we're we're going to test this lower liquidity here Yeah, and then uh, maybe they can continue on down. Maybe you can get down to the lows of the day here As well, that's what I would have been sideways day anyway. So yeah Yeah, yeah, exactly me as well Um, I but this is just juicy down here though I mean, there's going to be a lot of a lot of liquidity down here just by stops So I'm I'm sure I'm sure they're shooting for it. Um, so looking looking for this area here to uh to trade And we've got the figure down here too. So we got 2800 the figure So, uh, you know, keep keep an eye out on on that. I think maybe as well And uh, uh, yeah, it's uh, but again, you know, now now it's like, uh 35 or 37 minutes we have f1c. Okay, so I mean, that's just such a huge event. Um, so anyway Yeah, all right. Well, uh, thanks neils. Thanks very much. Um, and uh, we'll um, uh, we'll we'll do it next week Yeah, sounds good Okay. All right guys, uh, yeah, we'll um, uh, we'll call it a day here. Uh, and um, Sorry, we didn't get to this bitcoin here. I don't have the data quite right Um, since it was so volatile some months ago. Now I'm looking at $5 per tick Well, it's really slowed down here. I need to look at a dollar A tick here. So I I'm sorry. I don't really have good data here to look at for bitcoin I'll adjust my chart though. Uh, and we'll look at it next time. Okay All right guys. Yeah, thanks neils. Thanks for being a sport and uh, we'll uh, we'll do it again next week sometime Okay. All right guys. All right. Take care You're welcome