 All right, good morning traders and welcome to the book map all markets webinar This is Bruce at book map and I'll be your host for the next hour and a half or so And we're gonna go through all the markets. Most people want to look at the S&P. So that's what we cover but It's up to you you can Request another market and we'll do live analysis on it here. So So I'm the lead educator here at book map and we have this all markets webinar every Monday Tuesday and Friday We have a host of other streamers all week long or all day long I go to our book map comm slash Learning dash center And then from the calendar here and just scroll down and you'll see all the different events that we have every day so It's Tuesday and then we had all of her sparring then me then Crypto lifer a protrader webinar. We're having this afternoon He's gonna start streaming weekly with us as well on Tuesdays We have options with Doug every day at 1 30 to 2 30 and then 2 30 to 4. We have the Algo boys So, yeah, just want to inform you about all the different streamers we have And really happy to offer this You can reach out to me on our discord or my Twitter handle here general disclosure all book map limited materials informations Information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations the risk disclosure trading futures equities and digital currencies and vol substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results. All right, let's take a look at these markets and see what's going on and We can do a follow-up also from yesterday if you guys want Just kind of debriefing all so the Yeah, let's actually take a look at that bigger bigger picture here. So on the daily here the the Here's yesterday, and we were looking for We saw this move down to the bottom of the range from the and spike below the previous Friday And then it came back up in the range So we we looked at the the hourly in here, and then we were looking for here's our webinar was around this time I'm sorry 10 a.m That's not it. Yeah, it's here. Okay. So yeah, right around in here, and Here's the spike we're talking about and then we saw this momentum coming back into the market So we're looking for the move up into this 48 and a half or 50 area and We got that and then some for the rest of the day it even came up to 60 and 65 up above here It took a while for this to kind of unfold here as you can see and a lot of back and forth but here we are again today and We still see this momentum in the market here. Okay, despite the Retail sales as we had it was it retail sales or CPI data that we had earlier the Yeah, it was Yeah, retail sales less than expected and you know yet we see it The markets continuing to rally here. They pulled back, but you can see the move up again here And we're back up near these highs yet again So what are we looking for here? What is the bigger picture telling us? What is the order flow in the bigger picture telling us? Okay, and we're just using simple price action ranges swings and Some volume as well In the sub chart here to give us that kind of insight here All right, and then we're going to look directly at book map and go over the order flow in detail to understand What's behind these moves in here? All right, so we're just giving the outline the bigger picture understanding here and then we're going to Drill in to find the details. All right So looking at the football field from the 50 yard line up in the stands and then we'll get down on the field in a Few minutes here. All right, so we still have momentum here, but we're getting up near these swings Here's the the hourly here. Here's yesterday's high around 65 here and You can see a little bit of a slowing down here, but this is a pretty pretty strong candle here on the hourly so a little bit of a pullback is warranted it's understandable and then You know, we still look for a continuation until we see something different basically So let's look at the 15 minute chart here on the right And what do we see here? So well, here's the move down. Okay below the swing here spike just below it here comes right back up and then here we are now and You have a bit of a slow down just for the moment here as you can see in these few candles here, but Yeah, if we get a bit a deeper pullback then maybe we'll get a move back down into about 55 here or so somewhere around there 56 55 We'll keep that in mind, but so far so good nothing but green here, right? So let's take a look at book map and then we're looking at the S&P E mini here right and Let me know if you have any questions All right, so Even this price action right here is bullish, you know, we can see the this is zoom out a little bit here 830 here's our CPI data move to the downside and then We have our 930 cash open here We see the move to the downside and then look at this pretty strong move back up above above all of this price action here Get our pullback and then we get the continuation here. All right in even this price action here is bullish, right? This is Until we see something different this is looking pretty good so The Pullbacks are small. It's a small range in here and then here come the buyers now And I don't know about this one quite yet. I don't know if it's quite ready for a breakout here But we've gone back and forth quite a bit here. All right coming back down and retesting Below here exhaustion here. All right. So actually looking at this we have we have a potential for the sellers here to drop it and Where might they go if we can get them to a Drop price through this 61 level here Hey, we look for the stronger move to be down into about here 58 or so Hey, they got a trade into and through the 60 liquidity in here and then and see if we can get the drop here now It's kind of like yesterday not seeing a whole lot right now. It's it Looking at this price action with the order flow and the transactions, you know, we're looking for Something that is gives us a little more clarity at the moment and Right now like that clarity would be this liquidity up here on the offer to come down lower this liquidity on the bid to pull and add lower and For these red dots to be a bit bigger here And that would tip our hand and give us insight that players Participants Don't think much about all of this price action in here and we would look for the move outside of this range Back down into this kind of 58 level that we just talked about All right, so and we don't see that right now. Hey, so what do we do? Well nothing If we're looking if you're looking for that move outside like that, then there's nothing to do at the moment Okay, so maybe you're looking for a range bound trade if you don't see if you don't get that set up in here But there's a potential for a range bound trade back into the the mean here Which is already done and then maybe potentially to the outside of the range here Just to the edge of the range here around 63 and a half or so 63 and let me see if we got any questions lined up here When he slowed down Rob Jack Tube alright, so no questions at the moment Looking better here now just price action wise and all transaction wise only Still looking for the the offer to show a little more interest here, which it is not But what I'm talking about here is like the exhaustion up here Sellers down here the move back to just the center of this range here And then we see more selling down here again We can also put some diagonals on here and potential breaks of it Okay, there's exhaustion again And well, let's see if we got a few sellers right here at 61 and then a quick move down into 60 I'd look for that and then we have the potential now for the break Hey, so they're pulling here at 60 in a in a quarter. So It's looking a little better. We see a little more on the offer here at 61 So the potentials looking better here still nothing really great Okay, we can also let's also take a look at a measured move in here What this might look like? It looks about right? You can also look at the trap volume that might be starting to unfold here All of this selling below the 62 level here that being a trap and then watch buyers look for the stop run to the upside here We do see a stop run here already on the sell side and Looking for one on the buy side to the upside here Just not really seeing much guys at the moment but Anyway, that's what what we see at the moment here. We can maybe jump over to look at some other markets Yeah, the trap is set up pretty nicely here pretty nicely Starting to see those buyers come in Pull back already one thing I like about the trap is the Bigger trend is to the upside here So far All right. Well, we can move we can look at maybe some other markets here, but we can also take a look at Micro ranges within here start to understand that Yeah, let's see if let's see if we can get a few more sellers to hit into there We go. Okay. So yeah, we I was just this is where the same ideas that we always cover here You can start to see it here in the in this micro structure here, which almost I mean it's not this is 10 seconds of data here, but It's not really micro structure, but look at the back and forth in here Okay, so there's a there's a few buys up here It's mostly selling in here and there's there's more sell sells down here, especially here and that's where they move it We get a few more buys up here, but there's more selling yet again down here This is no different than understanding the a Break of a range in here Hey, we have more sellers So that's when we're looking when we started to see these sellers in here at this bottom edge in here It's not exhausting out there. They're selling down here That's where we can slip down into these areas of liquidity here. Okay, so that worked out pretty nicely We'll do the same thing again. I just want to What I want to cover here Is that this small little range and understanding the order flow within this range in here is really no different than we're zoomed out in a bigger time frame And also looking for something Okay, so It really it's all the same thing. It's just more volume more participants Okay, so for example, look at the participants down here now Okay, compared to up here and then we made also a lower high here Oh, you guys don't have you don't got there's no audio. I'm sorry Okay, I'm sorry the yeah, just must have I must have hit the button here by accident Okay, so as I was just talking about yeah extended move or just measured moves in here and you know, these are really simple concepts and just making the trans Transferring this knowledge from these simple concepts that we've all read about for you know all these years and Then understanding the order flow behind them though. Okay, so some of these moves in here So this is like an extended move here, right this move here compared to some of these others in here And so we would look for a pullback here Hey, and I was looking for the pullback to about here 60 and a half to kind of 61 ish And then and then for sellers to come back in again Okay, so now we're getting kind of a An equal move here almost From here on back up I'm looking for the sellers though. I have a reason for looking for the sellers to try to trade it back down here to 59 59 and a half So just due to the the back and forth here in the market over these several minutes here And now we don't we never know right The The these moves here can extend can continue to stand they can double they can triple depends on the Volatility in here, but this is what we do know for now, right? And there's nothing else disrupting that at the moment Okay, so yeah here here. We have some exhaustion here some selling okay sellers Then let's see if you can drop it back down to about here Okay, 59 and a quarter or a half and what I'm trying to I mean the main point here is to Look at this here in terms of market structure with order flow Okay, and transactions. That's it Okay, market structure is such a vital part to understand And how it relates and from the big picture on down Now the funny thing is with our bookmap education. It's we actually take the opposite stance with we we take the small picture the micro structural picture literally and then Understand how the markets work and then extrapolate that to the bigger picture And I'm convinced that that's how I mean the markets they work on like this on all time frames Okay, when we're zoomed in here and understanding these little details in here like exhaustion sellers looking for sellers to hit into 160 you know something really quick like this This is no different than if you're looking at your daily or your you know weekly chart You can see that You know now we're starting to get some buyers up here So buyers should be able to lift it a little bit higher here actually I Would look for that. We didn't get sellers here Okay, so yeah now see see how this is this is what I'm talking about. It's it can auction up here If it can transact an auction up here Within this little range in here. We can go we can Go outside of that ranging and establish a new trading range Which is exactly what it did now. It's only three ticks wide here, but it's also making another three tick wide range here okay, so This is again like no different than if you look at even your your weekly or or you know monthly chart Or whatever time frame same concepts Okay, so anyway Long-winded way to get to understanding market structure And in fact, let me take off the heat map and the volume dots and we're just looking at best bid and offer So a pure price action here looking at structure Okay, and then getting deeper insight from that structure Into The transactions which are the dots market buy is a green dot market sell is a red dot And then also the heat map the limit buy and sell orders Yeah, so Yeah, we were looking for this move down to here We can see it's already it kind of did it okay It didn't come down to the very bottom here But you know it kind of did it and now it's just kind of back up here But look at the the the structure in here these ranges in here. Okay, so now we're back up here right and We have the potential How much more room does this this move here this? Structural move here how much more does it have in it? Well, if we get enough volume in here We can come up to here Okay, maybe up a little bit maybe even higher and this would be an extended move If that happens and then I would look for the pullback here as well Okay, else I would just look for the extended move here now. We're just talking about market structure And then and then maybe it bases back and forth in here for a while and then and then we get the move right so These are the different scenarios that we're going through in here to understand what might happen with price action price moves Yeah, let's see Rob you Sent us something here. This is one that you see all the time And we'll also take a look at structure in terms of volume profile high volume node Due to all of this price action in here The move back up above Some back and forth move right back down to the high volume node and then continuation right exactly Exactly now if I totally agree There's some nuances in here a lot of times what you'll get is Or variations of this it doesn't come to the high volume node right sometimes It will come to the top here It changed the color Okay, it'll come to the top of the range and then bounce right And then it depends it really depends it might even come back down to the bottom of the range and then we look for the move up to here In the pullback in the continuation right market structure is up here Okay, this is what we're talking about in terms of market structure. This just means value a High volume node basically just means value Hey in the auction This is where price accepted It rejected explored Came back down retested to see if like it can these traders are still in it Okay, and they did they were in this case And this example right, but there's variations of it here. This may come down to the bottom of the range here And then back up Hey may come to the top of the range here Or in this case that you drew it comes back down to a high volume node Right look for the order flow within these areas in here. Now. How do you know that that's where book map can be really really helpful? Because what you'd look for In here, and let's just clear all this is the Liquidity to be supportive in here in the order book underneath Okay, they're gonna be there. They want to buy at a higher level And then what we're also looking for and now on the first move that that's that's a that's a good one You know after the first move and the pullback and the continuation this liquidity They usually doesn't show back up there. They're just getting back a lot of traders are getting back into the market down here And and they're getting a good position yet again Adding in once it starts to trend there You know you see liquidity on the offer getting filled on the way back up Right a lot of times So these are some of the things that we've seen over and over and over again over the years right so a good stuff Rob, thanks for for sharing that and Yeah, the volume dots We'd also look for Let's see here Yeah, we'd be looking for the the aggressors coming in here obviously these would be green dots Moving this back up Okay, here's our back and forth in here in the microstructure or small structure and then on the way back down We're not looking for a whole lot Right not not so much on terms of volume on that sell side And then down in here, maybe this liquidity gets filled Maybe maybe you do see some big transactions into that high liquidity here And now these are just the different scenarios to look for as we cover in the live market and then What we're looking for after something like that is The the buyers to come back in Right and they'll move it back up Okay, so anyway just some food for thought we're gonna look for this kind of activity here In the live market now. Okay, so yeah, well here here is Well, we it's already kind of done what we're looking for here As you guys can see so we're looking for that Potential move here. It didn't do the big one here. It did this one here It came back up a little bit more shallow here pull back Then we got the move here back up into this liquidity up here All right, and now we are above this range up here as well again guys This is really simple market structure stuff. Just look for it and it makes sense why this works There are traders down in here they are trapped Mark the it is accepting above these areas in here. All right, let me get to some questions They sound as good. Okay Thanks guys I appreciate that low volume notes low volume notes is rejection. All right, so here's rejection down here It does it is not trading down here very much Okay, so That's why you know a lot of trade. I mean, it's so it's so tempting like to look at volume profile especially volume profile At these areas and go well, I'm just gonna you know place my limit by orders down here and You can get run over so easily from from doing that But if you understand the order flow and the transactions up in this structure in here Then you can do that you would look for maybe a test in here a quick rejection and a move back up and Exploration just like it's doing right now Okay, so now we're starting to explore so looking for this to go higher and it just bugs me when I'm looking for that And it just does it Immediately still looking for it to go higher though. Now that said Let's look again at our moves in here Hey this move pull back this move pull back and Then maybe 69 or 70 up here Something like that Hey, so at least your expectations are in check here Okay, that you're not buying up here Look for a pullback Hey, look at these measuring move. I don't know if Deborah is in here or not But Deborah this this can be really helpful for you Now what will we look for on a pullback in here? Okay on a pullback We're looking for a low volume on that sell side here because look look at the buyers in control here Okay, now it's a stop run too, but that doesn't really matter If it's going to accept above or below is what really matters here 65 is the the pivot point here Okay, so is it accepting and is it going to start to build out this profile here as well? All right, so strong move. I'm still looking for the pullback to be honest Right right to here's 65 Okay, we have our reasons here. I know this is starting to look like chicken scratch So hold on a minute Okay, that looks better So Mario, does that that makes sense? I understand that you know, this is just like you know if if A shopkeepers having a sale on toys or something Hey, well, you know, this is where there's no interest here to buy at all Or or or sell there's there's just no there's very little interest down here Okay, where is their interest? It's here All right, this is where the trading is taking place. So what does this mean? This is what people are willing to pay for This product in this case, it's the S&P 500 and they're willing to pay for that. They think this is value And we can look at it and start to understand these areas in here in terms of value And that is the high volume node Okay, now for then let me let me pose this question Mario to you and you know, I'm not trying to put you on the spot But just think about it here Okay, this is value here. So if if you get exploration which we are to the upside here What are you looking for for it to move away from this area here? Okay in terms of order flow or this just let's just start with volume volume What kind of what kind of volume are you looking for? And in the meantime, I'll get back to you Mario but Sweeps or icebergs. Well, no, it's see it's simpler than that sweeps and icebergs So it is or sweeps and stops are a different thing Is and it we don't have to get too complex yet. Okay, that gets into more minutiae and more details about really what's happening With this specific players or maybe the you know order flow phenomena That that you will get to Later, but what we're looking for is something very simple if this is value in here Like there's hordes of people coming in saying something different That this is not of value Anymore it's worth more. So we're looking for pretty heavy volume here strong by volume to move It away tear it away from this value area That's what we're looking for. Okay, and that's why you can start to look for even the the the drawing that Rob shared You know this kind of rejected down here And we were looking for it to come back down here and then reject Basically, we're looking for a pullback into here And we got it right and then then we saw this in here And we saw this kind of volume come in at the top of this range here That's when we're looking for the extension and it's still in discovery mode here It's still discovering. Where is it have value and it's still trying to build it in your volume profile here Okay, so The so what you're looking for it for it to for price to move away from a value areas Typically, it's on very very strong volume not always but typically I mean, there can be other oddities that happen that maybe you know, there's a Wide spread and then there's you know sellers up here and that you hit the buy button and you get filled way up here You know something like that. I can be very little volume in that case That moves it Okay, and then what you would get in in that scenario here and and this is why we go through all the scenarios I don't know. Maybe I'm a little Fascinated by it all by it all but like basically what can happen is You can get this move on Not so strong volume up to something like this very very very quickly very steep angle and then what you'll get is the the And this usually happens on some sort of geopolitical or news event, right? And then you'll get the back and forth up in here and then what happens is your volume profile builds out over here It'll start to build out over here Hey and But you'll see this huge like a very low volume You know, it didn't quite auction properly in this area. So a lot of times, you know, maybe it won't Reverse and come back down and and test this area that day But at some point it typically does Right. These are your low volume nose your single prints, whatever you want to call them for market profile and You you'll you'll see that so But you know anyway, that's one of the scenarios is a possibility For price to do something like that. Okay, typically you see that strong volume And then you're going to look for it to start to go back and forth Reversion to POC is a whole nother thing It's when You know, it's accepting basic. I mean this is looking more like It's not quite a trending day and this is like yesterday we were Kind of looking for it to go higher still and just like today. We're still looking for it to go higher But how it's going to do it is is not going to be it's not going to be so easy Okay, it's not an outside day or anything like that Until it well now it is an outside day Okay, but Yeah, I would I would actually look for some selling some profit taking up here to be honest because the way that this is This is moved here. I would I would look for some profit-taking. So maybe you're right Mario so, you know and the bigger picture here If this is a mean reversion Then you'd you'd look for it to come back down in the bigger picture you'd look for maybe it'd come back down into about here 4850 4550 something like that And that's asking a lot. I would look for the first would would be the bounce off of or this 57 ish area here 58 Okay, so yeah, let's let's see here So then this whole value area here Hey, you'd look for a move back down to Previous value. We're going through some very simple concepts in here. I'm not much of a volume profile trader but you know extrapolating the auction market theory To profile, I mean is is it's pretty pretty straightforward and then auction market theory to any any price action in Is is pretty straightforward Rob. Yeah, you see it over and over again, especially in fractal markets. Absolutely You know, it's just it's basically a retest of that value area and Be very careful though on that like Like I said, there's so many different variations of it So, you know, for example So for example here suppose suppose in this example that What you get is On the way up here on the breakout in here, like, you know, maybe you get this You know, huge. Maybe it's up here like huge huge volume dot All right, and then you get your continuation to Right so You can look for this back and forth pull back to only here. That's as far as it's going to go these transactions here and Then you you may see more limit Limit buys in here and then you may or may not and But this would this would be where it retests here and then you'll see the move right back up Okay Maybe to the top of the range maybe to the bottom of the range, but then the potential here for something like that And look for it it happens just again and again, we can go through it now and take a look Anyway, guys, how do you put this into a trading plan? This is something you'll need to go back and study a Like like here look at this here. Here it is right here Look at the big volume transaction in here. In fact, we can zoom in a little bit closer In here right or right here 66 and a half it went down a little bit lower to to where this move kind of started here and retested there Okay, so you didn't in this in this example You did not get the move all the way back down to here and then a move back up It only came back down into these transactions here and then it accepted higher All right, so there's many different variations in it and it makes sense though here by understanding the transactions Now let's just take that further So in your trade if this is something that you're you're interested in and studying and taking this further Very simply look for a strong move look for that big volume dot or maybe where it went kind of back and forth in here Here's kind of strong move pause strong move So this would be like your flag pattern and then you can look further just the retest to here so And then and then look for the at least a move Back up to the volume now. This is really these are really important details in here in the order flow though This is pretty strong volume up into here There's some up here still auctioned up here. It's not bad But it's not it's not like this volume in here though Okay, so you want to if there was even stronger volume up here it would be better Okay, then you would look for the pullback and the continuation move up into at least here to take some profit off and see how it auctions Yeah, or that's a way to manage the risk Potentially it's clear our drawings again. Hey, here's our auction again now. That's good. You know 68 There we go. Okay. So now now we're getting our our answer there. That's a stop run though. Okay now one thing to be very careful about With what what? Like this image here be very very careful about is because you you've got to you've got to read Have your risk parameters in check Okay, and because so many times you'll see this move it'll come down here and it'll blow right through it Right and then what will happen actually is what you get and now this makes sense just in terms of volume profile or The the structure and the market theory here You'll get this move down to here. Maybe it does one little wiggle and then it goes like this Hey equal move almost and then what you will get is a retest back to here And then you get continuation So just because you see this pattern a lot this is it you need it. It's and you want to make this into a Strategy Then you know how to protect yourself against this this scenario here All right really really important because a lot of times this could be a blow-off top like this way up here And then you'll get this move and boy you'll get some really powerful moves the other way That's because a lot of people are just getting just clobbered on the way back down Okay, so I'm sorry. I don't mean to bash you around at all Rob very much appreciate this It was a point of it was a start of a point of a discussion for many different scenarios of this Pattern that you presented here. Okay, so that's what my intent was here Yeah, Jack very low volume right now. Okay, so there you go. So let's take let's take a look at this very low volume now Look at look at the volume dropping off here now. This is pretty typical around this time of day Okay, now let's take a look at our higher time frame. Hey, so we have our momentum Hey, the momentum continued. That's what we're looking for All right, so now we're on low volume though making these highs so One of the scenarios we can look for now is That that volume to to to dry up We can look for a break and then we can look for the break from there And then where would we look for Mario? Where would we look for the break? to first go Or a price to price to move if it can break this this structure here Where would it first go if we see new offer coming? Sure. I mean, you know price can do Many many different things like, you know stocks can go up on more cell volume We've seen that many times but And it just has to do with the auction process and for that particular time 66 ish that would be the first stop Joe. Yeah, I would look for that. You got out. You got this is kind of Turned into a little bit of a profile here But Is trading up into this high liquidity right now? Okay, so this is going to be really this is going to be really good to watch Really really good for for education here So we have high liquidity here filled high liquidity getting filled in here high liquidity. It's trying to get filled in here There's a there's some exhaustion Okay, there's more liquidity there. Here's our sellers. Let's see the sellers try to drop it back down into This range back down to 68 basically Okay, now they're still buying Okay, so what now I'm still now I'm looking for the exhaustion though because they're staying in the order book and they are Transacting here it is right here Okay, and here's an iceberg on top of that Okay, so still still buying part should be a stop run here And I am looking for our sellers now though for a number of reasons and here we go now Here here. They're starting to pull that liquidity here at 70. They're adding more at 71 Starting to get our sellers in here. Hey, so This could be the the start of it here and now sellers. Let's see you hit it back down into our 68 Okay, so now this here Rob. I'll go through an example here If this plays out We'll see this is where the sellers can just drop it right through this whole area really really quickly here Because here's your structure that you had drawn up. Here's your structure. Here's your strong move Here's your move back down to this volume profile right here Hey So far so good. It's holding Still holding Hey, but let's see if they there's some exhaustion. Let's see if we get our sellers here at 70 Not yet a little bit more than that. There we go Okay, now now sellers should be able to they should be able to drop through this here I don't see much liquidity There is exhaustion And now they're showing on the bid and we got a little bit of a Bob So there's still still some some activity in here on that buy side in here just by reading this and this the auction on the bid here There's exhaustion here at 70. See now. It's all now now it's auctioning here Hey, so yeah, actually looking for a bit more of a move higher here Hey here, I'll cover it. You know I had to flip And here's why Hey exhaustion all the way through here at 70 Let's just zoom in a little bit more. There's no trading up here. It's exhausting. There's no market Hey, most of the transactions are taking place in here Go forward most now we're starting to see transactions here Okay, looking good. We had our iceberg as well Hey, here is exhausting now. We're getting buyers up here. We didn't have them before selling oh, here's exhaustion again buyers on the on the On the offer up here Here, there's our buyers looking for this to extend higher Hey Same process in here by just reading this little market structure in here We had to flip though here at this point. Can can you guys see that? And let me try to make the dots a little bit bigger here Hey, so we had exhaustion all the way up here and we had sellers down here That's looking pretty good for the move back down lower We also noted the the the offer or the bid had some some activity in here and we're getting a little bit of Activity back and forth on the buy side You'll note that like the How does the market react to The bid showing a little bit of interest in here And we saw that there were some buyers here. We had exhaustion here We had are some buyers in here. We're looking forward not much Just you know two three tick move up up to you know, this little area here into this liquidity for sure All right, and there it is All right. So let's see here There's exhaustion exhaustion some sellers. I'm still looking for these sellers here now They're still they're still buying up here though. It's not it's not ready yet still still climbing higher Yeah, thanks Jack Answering some questions in there Yeah, exactly the liquidity is the reaction between in the in the auction here It's the reaction in here that we're trying to gauge like, you know, they're they're getting filled here on the on the offer But they're still more buying pressure And we're trying to read when this might exhaust out And we're not finding any more buying pressure and now this is an interesting one We've seen it many times. It's more challenging. We're not making a higher high here on buying There's a bit of exhaustion. Here's some sellers All right, let's see now That since we didn't make a higher high Then and if we get some there we go, there's some selling now They should be able to drop it back down to 70 and a quarter maybe lower maybe 69 here We're still getting still auctioning here still getting buyers All right, so yeah that that idea did not work Okay, and again, these are not trade recommendations. We're just reading the auction and then looking for the move Due to just just trying to be as objective as we can about it They're even pulling here at 72 and we do have a stop run here. I'm still I'm still looking for it here We're up at these highs in here and They're pulling liquidity here though Here's some tests now. This is where we'll start to see you and like, you know, this is a potential spoofing in here We don't know but we know one thing these guys did not transact came in with high liquidity and then they pulled it before the The buyers were able to trade into it here Oh, this gives us and that's fine. What's great about book map here is that you know here they are again, right? The this player here this actor is kind of testing the market and we're just gonna, you know, read read what the What happens from their test so now we're starting to get our sellers here Here's our exhaustion and now we're looking for a move to unfold. Hey, this guy kind of tested the market here And we can read it and now we're looking for a move our sellers are in they've traded down to 70 I'm still looking for more. There's a pullback already And then looking for sellers to come back in again They are bidding up here Yeah, so Yeah, you know, and we can take a look again at volume profile in here Maybe maybe this isn't a bad area in here is 67 and a half so Rob your Your play or your image that it played out to perfection here Here's your range move pull back to the high volume node and And then the continuation now I didn't I wasn't in on it I didn't see the buyers in here Until we until we got up here. Oh, we did flip on that one. That's right We flipped only when it got up to here though Because it still looked pretty good for a drop and then I just want to be careful about You know Look for the other scenarios. What does the other scenario look like in this case your scenario played out just just as you drew. Okay, so great, great stuff. At the opposite scenario, it'll just blaze right through this so many times Seen it. Okay, more sellers starting to come in. Okay, good trading Rob. Excellent. See look at more sellers here more sellers looking for them to come back down to here retest here. 70 and then if we see selling down at 70 then why can't they extend it into 69 and 68 and so here's our 70 There's some selling. All right, so now let's see now. We do have a little bit of a bid here It's not a whole lot, but there's you know, there's their bidding here Looks I'm looking for the sellers to take these guys on at 69 and a half and trade through them Okay, they're actually pulling here. So now the sellers can drop it through here. Okay selling at the bottom edge here. They're selling Okay, so looking for the continuation here Maybe 68 looks pretty good here. Our high volume node would be right around in here 67-ish Okay, are they selling again down here? Yeah, I mean it is auctioning down here and look at the buyers are snatching it away, but If they can't if they can't get buyers back up above here then You know, we're looking for a retest back down into the range here. The range is small here. Very small Now we see the order book kind of flipping here does the volume fit with the price structure and the in the The the volume and price structure fit with the order book here is the order book is actually kind of bullish here You know, they pulled here. They're adding here adding here and now we're getting our volume, right? And they're still pulling up here too. So Yeah, you know, we have the potential here is this is getting You know, we're getting next to or close to the European close. So we have to be very attentive What's going on here? There's gonna be some volatility in here. Some of it's gonna make sense and some of it's not That's just how it is during volatile periods at the at the very open Also during this time and then also at the close Yeah, we gave we can take a look at Bitcoin perpetual here Hold on here though, I'm really kind of I really want to see what happens here Another another guy in here or another actor in here at 71 and a half Showing very high liquidity, but how does the market react to is what we want to understand Okay, so here it is This here is basically getting disrupted here This guy at 70s has to pull again though. He just came back in he was in here. He pulled now. He's back in It would be really bearish if we saw the sellers in here take this guy on and trade through and then then we should get the move lower There's some selling Still in here fighting it still in here And now in here at other levels below as well. Yeah, this is you know, be be careful here This is really kind of tricky We don't we just don't know like The order book is being kind of Gamed back and forth in here. This guy's still up here at 71 and a half. All right zoom out Orders stacked from 75 Yeah, I mean they're every point here 72 73 74 75. All right, here we go. Okay, so he pulled and we're getting our sellers now All right sellers like let's in this auctioning here So we should get the move back down to this previous auction here at 69 and a quarter Let's see this guy pull at 69 and a half Maybe we can get a better move than 69 and a quarter. Maybe we can get down to 68 some more sellers Wait, I mean you can see like, you know, this is what we're not. We just you can't make this stuff up the bid is still in here and The sellers aren't taking them on Right. So, you know what we're looking for Is the sellers auctioning at some of these levels, but the bid is still in here? so The sellers don't really want to trade into all of this down in here Now if this guy maybe pulls and put some heavy liquidity here around 71-ish I'd be very curious to see what the buyers think of that and what happens to the bid here as well Well, I mean, we're still seeing that this this bid and a bit of buying in here a bit on the offer to though Okay, this will get disrupted though And we'll see who the victor is Okay, so here we are again sellers selling at 69 and the quarter of three quarters Yeah Boy a little three tick range in here All right, well, we'll stay for just a couple more minutes here and watch this play out here Still I'm still looking for some sellers here to hit this But the like we said you can't deny the bid in here They're here And we're just not getting too many sellers down here Look loco. Good morning Boy, not only look look they're pulling up here. We're starting to get to get a bit of a bid here catch a little bit of a bid here As soon as I say that they're starting to pull now it's really between the 69 and a half and 70 and three quarters And we're looking it they keep on adding and pulling in here. So we it's a hard read right now We don't really quite know Who the victor is There we go here now we have some exhaustion here We have some selling here into this liquidity now they're pulling here. So now the sellers can drop it into 69 Okay, so and as soon as I say that they start to show a little bit more at 69 here Okay, they come back into the book. All right, so it's really not a whole lot to hang our hats on here This these levels in here have been It kind of started right back in here where we saw this and then we saw this larger player in here And we're trying to gain some insight from from them It started here actually right with with this Actor here testing the market here. What was the reaction? And Even before that what it really started with was all this liquidity getting filled on the offer on the way up Okay, so we're looking for our exhaustion We have other reasons to look at this as well on the higher time frame or our extended move And then a pullback here in the bigger picture And that's what we're looking for in here is just a pullback in this bigger picture move here And that that was it basically guys, please hit the like button that always helps us here and Let's jump over to Bitcoin quickly. I do have Bitcoin here, but it's $10 per tick So I don't know how much we're gonna get out of this here but Same idea is that this this market does trade a little differently here You'll see these kinds of swings and our liquidation indicator captures a lot of great information here That you know these were liquidated accounts Liquidated accounts on the on the downside here and then back up again So some volatility in here in Bitcoin at the moment The move that has dominated Was again these sellers moving it away from a value area in here Okay, so and then here's the the attempt by the buyers and we can see it here Here's our structure up here. I actually let's just say it's here Okay Well, it traded back up to into that structure here. It rejected it came back down Rob perfect stuff. Here's your high volume node here. It retests it here comes back up retests Back up to this high or where it dropped from up here and now we're right back down All right, so Anyway, that's and now the ES is moving. Okay, as soon as I go over it. There's our move. Okay, so Yeah, this is kind of kind of what we're looking for. There was a hard read in here. There were really back and forth in here and Yeah, that's all I can say about that like We were trying to read this the order book and the auction in here And then finally we do get the sellers a trade into this here Let's just pre look at it here The same idea is that there's a little bit of an auction up here But most is down here and then our sellers move it here and they take these guys on at 69 And And now they're here here. They are again. So this is looking good in here Right there. There are they are trading down here at 68 and a half and look at how they're pulling in here So let's look for 67, right? And there there's the move to 67 now. There's still pulling even here at 67. Okay Anyway, that's kind of what we're looking for move down to this line here and and continue to look right, so Mario, let's let's let's cover this here. So Bigger bigger picture in here We have our move to the upside We were looking for that continuation in this move until we see something different But we're also looking for it kind of breached the outside edge here And and then we're kind of looking for a slowdown in here and we're looking for Either a lot of liquidity getting filled on the offer exhaustion By the by the buyers aggressors and then a pullback Okay, and then the pullback here is this looks like another good first off is the top of this swing and range here But that looks really good here around this At a 58 to 62, let's call it there's little kind of node in here that we'd look for as a potential pullback here All right, so keep an eye out for that guys look for the order flow to guide you to those areas So 61 is down here not bad I mean, I'd say 63 looks a little bit better to me due to the breakout from here and we have liquidity down here As well 62 and a half. Let's call it All right, well that yeah, let's let's wrap it up here. Thanks everybody for coming hit the like button Like I said, that always helps us and we will catch up with you. Let's see tomorrow Jay trader And we have an at 1 p.m. We have options millionaire for with crypto traders that'll be Moving forward every Tuesday every Tuesday at 1 p.m. And then at 1 30 We have Doug with options with Doug and then we have the algo boys later a Tom is off this week He will be back next week. Okay. Thank you everybody and we'll catch up with you next time