 All right, good morning traders and welcome to the bookmap all markets webinar. This is Bruce at bookmap and Just want to say first off a happy new year everybody and let's Just want to say first off a happy new. Let's let's jump in here and and get going now We'll go through the live analysis here right off the bat and See what's going on in this market here? So if we jump in here looking at the S&P e-mini, okay, you can see the for the day at least Since 5 or 6 a.m. Here the move to the downside And we're continuing to trend into higher liquidity down here and then some Some pretty back and forth here just before the cash open at 930 The move up into high liquidity here and move right back down into high liquidity here And then just recently a little Move right back up to where it dropped from here and you can see now sellers starting to come in all right, so Looking pretty back and forth in here we are trending down and We are looking for this high liquidity down here to get filled. It's the most in the book by far so just some profit-taking and maybe Some buying right in front of that high liquidity here as you guys can see So starting to build out the profile as you can see for the cash session as well and Pretty pretty big profile here Anyway That's what we see so far. So what we're going to be looking for Is the order flow at some of these extremes up here around this 88 level and then down here around this 75 level and see what's happening around in there right now not really seeing much of an edge Potentially let's see if we can get some buyers in here right now Above this little drop right here. Hey see the sellers come in. Hey here the buyers coming back And that now we're looking for our buyers to come back in here And if they can Hey, they're starting to we'd be looking for a move back up to the recent swing up here someplace Maybe 80 87 or so Okay, so just going along with this kind of trend pull back or buyers back up to the swing Right, so looking for that to unfold right now. Let's take a deeper look in here It's not bad. It's not too great either You know not it's not high probability Looking at the order flow in here At all so we have high liquidity. I just got filled in here So and we can see it pulling back already buyers are starting to mount above that area. We talked about but It's not not a whole lot. All right, so Anyway, that's what we're seeing at the moment and I want to cover something before we go any further something from the The other day in our book map Academy meeting We had a an event on Thursday and we covered The New Year's plan here that you can get 30% off The book map annual here or 2024 it will end tomorrow so If you guys are interested in the way that we've kind of Proposition this for the book map Academy is that if you Have goals to be profitable or make a specific profit threshold in 2024 Sign up get the annual deal get 30% off. You're set for the year join the book map junior Academy and then Get training coaching mentoring from seasoned coaches and traders build out your trading journal and If you become a book map Academy member that you go from book map junior Academy to book map Academy You can get book map for free if you do it before the end of the year We will pro rate the rest of your savings from this annual deal here into Book map add-ons and other products that you can get here, right? If you are interested in this deal Let me put it into the chat here for you there you go and Thanks, Dan Dan's put it in there as well so Or no here here it is here. Let me put it in There you go, and it's not clickable. Great. Let's try it again And it's still not clickable. Okay? And let me try that one more time guys. Sorry about that. I don't know why. Oh, okay. It is working for you. Okay. All right. Thanks, Dan All right, so anyway guys, that's the deal Go for it What do you have to lose you? You'll get book map for the year you get a 30% discount off of it for the year and you get coached and if you Attain some of your goals in here and become book map Academy You you'll get some of the money back for other add-ons, so it's a win-win basically and It's up to you but we think it's a pretty good deal and Go for it and hopefully Learn a lot along the way and meet your goals. Alright, let me go through the disclosures here general disclosure all book map limited materials Information and presentations are for educational purposes only it should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves a substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results All right, that's that said let's take a look back here at the current order flow Okay, just back and forth in here within this range that was Established by those sellers and we were pulling for those buyers to come back up here Nothing happening. We did see the high liquidity filled here and here again So that's what's holding it down so far. So we've just come back down and filled into high liquidity here Right, so we kind of stayed away from it. We were looking for it, but we kind of stayed away from that And yeah, not the not really seeing too much at the moment looking for buyers to come right back in actually and trade it Right back into this range. Maybe up to about here 83 or 84 Right now. It's just back and forth. Okay. It's not a trade recommendation It's just something we're looking for in the order flow right now Okay, I move back up to about meh 83 and three quarters 84 something like that. It's pretty range bound at the moment Let's look at our higher time frames and see what's going on in here. All right, so Looking at the daily bars. Let's start with the weekly. It's been extremely bullish except for this This week here You can see the move down here. So let's look at our daily bars And yeah, here's our move down. We kind of saw a little bit of a slowdown up in here In the daily some now we're talking about coming up to all-time highs here So this is to be expected. There's going to be pullbacks in here and You know, maybe people that were caught for a long long time or sellers that were there are Re-engaging back in the market, whatever the case may be We're going to go through the daily candlestick chart here Understand where price might be going and then the hourly here in the middle and the 15 minute on the right Okay, so what do we see right now? Well? The daily we're outside the you know, there's this previous range up here So this would signify like we're going to be staying lower here And maybe testing down into maybe 47 47 or 47 50 down in this area here And the previous swing we are outside the Several days up here and then looking for it's a pretty strong candle And looking for retesting some of these lows here. Okay on the daily. What do we see on the hourly? Well, here's a little more understanding from end of the year on the hourly and then it kind of closed back up here Right to the top of this Or yeah, the bottom of these wicks in here and then you can see the The gap here today, so are we going to fill the gap? Are we going to come back up fill it halfway, you know, maybe around the figure 4800 Don't know don't see anything right now in the 15 minute chart or the hourly To give us any insight on that. Okay, so what we're looking for buyers to come in back up to the top of these wicks in here now if we do If we do see that I Would say the likelihood is much more probable that we will come back up and kind of close at least partially this gap Maybe around 96 to to 4800 somewhere around there We've already tested up here once twice thrice looking for this fourth time and then looking for the buyers to break it Okay, so that's one scenario to consider at at the moment right now The other one is to consider and that was our first primary Scenario is that we're going to get sellers come in trade it right back down to about here 80 And then break it and then lows of the day 74 and then potentially Back down into these wicks here Which starts probably around, you know 60 or so 60 to 58 and we talked about the figure as well So that's also on the table for today. All right, so that's what we're looking at at the moment And nothing happening here at the moment with the price action that we see Hey, so I might be a good good time to go over some market polls or other questions You guys have be happy to do that trader map pro as well. So let me know if you have any questions Good morning everybody All right, well, let's start to mark up some of them this structure in here So we can look for one of these scenarios and then the order flow within that structure Okay, so we talked about it here on the higher time frame. So these wicks up in here or this 80 level here And we can also draw a trend line in here on this 15 minute chart. We'll put it in book map And start to understand what's happening here. So right now We're just about at that 80 level And we're looking to see if sellers want to come in here and take this lower and break it here Let's drop our box Or a horizontal line here at 80 Okay, and then our high here for the cash session is actually up here around 90 that we can also draw our trend line here There's a couple we can draw. All right now Now that we've got a little more structure in here to take a look at And understand the order flow. We have high liquidity down here around this 74 level and Starting to break the the trend line here come some buyers a back up to the swing here 84 85 And let's see if we can get a small pullback here and then maybe continuation on up into about 86 There's our pullback. All right, let's see if the buyers can come right back in nothing yet No, no buyers sellers come in See we can still look for a little trap here Bit of buying There we go. Okay buyers. Let's see you take it right back up to 84 or 85 And let's see if you can take it up to maybe 86 here And that would be one scenario here. We're looking for our buyers right here right now 83 and a and three quarters Nothing yet See, there's a little bit of an auction right there Really need to see it pick up though every time we come up here We want to see it pick up if it doesn't pick up It's likely to come right back into this small little range and potentially players on the other side here sellers that will Come back down to our 80 level here Okay, so nothing high probability again. We're just looking for the order flowing here now this 80 82 and a half player Just came in and skewed the order book here. Okay, it's a larger player coming in And providing liquidity here wants to be a buyer at 82 and a half And let's see if sellers take them on or if our if we kind of get buyers coming back up here So our answer is here our buyers came back in Okay, let's see them now reach up to 85 and then 86 Okay, so you can see how the order flow here helps us You know when that this the reaction in the context here to these orders in here. What do the other players think? Okay, so still looking for a bit of a trend here just on ups into 85 or 86. That's it No, it's very a small move here But we're going to go over many of these instances in here and look for them to unfold so the more Events that we go through the more experience we get under our belt and The better the trader we will become even if it's on smaller time frames Once it once we understand these these moves on the smaller time frames We can extrapolate that to the higher time frames It's just market mechanics in here understanding the auction. So all we did was get up to 85 here All right, and the sellers took it right back down And this guy's still in the order book though At 82 and a half Okay, so this would be the place to I mean we weren't we were looking for 85 86 would be if This was something you are looking for Then it would be a scalp it would be getting out a very short-term scalp for a point basically up into about 85 and And take some off and then probably get stopped out at break even on the rest It's just one way to consider managing the trade in here. Yeah, Rui. This is a great question about the the No, you have a bunch of questions in here and Alois is answering. Okay. Yeah, thanks. I'll lose Stops and icebergs Yeah, I think it would be best to go through the Document that Alois I Gave to you there That link there to the knowledge base I will cover this though for sure the Can you explain the different scenarios? What do you expect from these indicators in here? Okay, so look at our sellers come back in now guys below our level here, right this 82 and a half Did that guy get filled? Yep. He did And we're finding sellers so looking for sellers to hit the bid into our 80 It's already done that and I'm looking for them to take it further now Okay, not just 80. Well, we might get a pullback right back up to about 82 here But I'm looking for sellers to drive it away now. Okay from this whole area in here And then looking for them to come back down into maybe this 76 Level and then maybe this high liquidity as the ultimate target here for today or at least for this time frame Okay down around 73 74 Okay, we're looking for the sellers to move it away from this area here They're doing it on volume and it looks good. Okay, look at the size of the dots Look at this the steepness of this move sellers are moving the market. That's what we're looking for Good morning, Jack And then how to read these indicators well first off. Let me let me just say one thing Rui We have there's many different indicators that we have within book map the any of them There are the way we use them are for confluences. They are not signals It is to get deeper insight to the market mechanics that are happening And unfolding here in the order flow. Okay, so let me just describe this here So for example, let's just hide the sub sub chart here Okay, what we are going over in here is first off You can see we marked up some market structure in here swings trends, etc And highs and lows okay for that could be for the day could be for a range could be for any any time frame Right could be for this small little time frame in here Doesn't really matter then we want to understand two elements within that structure Well three elements the price action, which is the the movement here of the of the price that which we Follow it by following the best bid and offer Okay, and that would be this here It would be looking at if we take the volume dots off here and the heat map off Okay, this is it. This is our price action. It is pure price action. There is no aggregation of this price In a candlestick, you will not see that okay a candlestick we can overlay candlesticks In a candlestick chart, you're getting a period of data. It goes back and forth within that period it ends and Then you get open high low and close and that's all you get All right, so only four data points for each period in book map Look at look how you can see all the price action here So that move back up above this range in here this back and forth We're looking to you know, take it back up into 85 and and test it and see if we could break out from it We didn't it failed came back in here and then we're looking for the sellers to drop it Through this area back into 80 and and then continuation Through 80 of re a retest back here and then we're looking for our high liquidity now so That's just understanding the price action in here Now the second element is understanding the transactions. Those are the volume dots Okay, red dot is a market sell green dot is a market buy Hey, we understand that there are and you can see the size of the dot relates to how much traded So there's more sellers here fewer buyers on a pullback which makes sense our sellers coming in Hey, again more sellers coming in right now So again, we're still looking for them to drop it not only to 76 and a half here, but through it Okay, down to this high liquidity that we can see in the COB column Okay, now so we have our price structure We have our transactions within that price structure and then we have the Liquidity within that price structure and we'll take the candlesticks off Okay, liquidity art is is the auction is the order flow. Where are they? Where are the buyers? They're down here majority of them by far Okay, and the sellers are coming down to meet them and make that transaction on the on the bigger time frame Hey, these three elements are the heart of book map Now the add-on indicators like stops and icebergs. Let me explain exactly what they are Iceberg transactions are with the with the With the blue dot blue dot with the blue line here and Stop transactions with the red line Okay, that's it This is pretty amazing transparency to be able to see stops and icebergs Transacting within the order flow So now this is a confluence though, it's larger players use icebergs Smaller players use stop loss orders Typically so they'll get stopped out and then you know get back in We don't have large accounts to be able to withstand, you know averaging in like like larger players can All right, so now we're looking at not just the order flow here on the main chart Now we're looking at the specific orders that are transacting within the order flow up here Okay, and it is a confluence. This does not run the market. It is the order flow in general that runs the market And in the auction process here, but we can get deeper insight with stops and icebergs. So for example Let's suppose that you are looking to go short maybe up here around 76 into this high liquidity here Okay, well, what are stops and icebergs telling us? We know that sellers are in control. We know the high liquidity is here down at this You know 74 to 73 area And we know sellers are moving the market So we're just looking maybe for a brief little pullback here sellers to come back in here at 70 They're starting to come in right now, and we're looking for the move into this high liquidity now Who's on the other side of the trade look at the insight we're getting right now? Hey, we just got a Let's see is about About 400 iceberg transactions right here. Okay, so we know a Larger player using iceberg orders hidden orders is getting filled here. This was not in the order book Okay, this is giving us that deeper insight now. What is this player doing? Hey, we can we can start to understand that the the behavior in here of this player in the auction process Likely he is taking profit before all this high liquidity He might be buying to Enter I and before all this high liquidity We don't know that we don't know if it's to exit or if it's to Enter we just know that the transactions of icebergs took place here. Okay, we can show the icebergs on chart precisely As well, this is a great indicator. It's it's amazing to me And we can also see that there's currently this iceberg We're getting quite quite a bit of deep insight here to be honest 537 of them Trent have transacted. He's been in here since Back here just before 10 o'clock Providing liquidity But with hidden orders Okay, and he just got filled in here as well. It just looks like 50 Well, there's a couple of icebergs here in fact that this guy's waiting to get filled here and You know, it's a larger player because this one player here Has 537 contracts on right now. He's a buyer And he's still waiting to get filled here Right, that's the deeper insight that you're getting Okay, now order flow rules the day Understanding now this context in here can can be very very helpful To understand that okay. Well, we're still looking for this guy to get filled in this case And trade into this high liquidity this guy's looking to get filled still his iceberg is not completed yet He has not cancelled and now he's starting to get filled now It's 545 and now we'll we'll see it. We'll see him get filled here Hey sellers are hitting him hitting right into his orders Okay, now what we want to understand is another context and look at there's another iceberg over here 25 at the top of the range here and who knows maybe it's even the same guy. We don't know And now we can also look at this context between smaller players getting stopped out in specific areas The side of the iceberg Absolutely, we know that these are limit are similar to limit buy orders down here. He is buying Rui, no question. Now. This one up here is selling Okay, now he's only gotten filled but 25 We don't know if he has 26 lots up here if he has to to 2,500 lots up here Yeah, my iceberg settings are blue, but we see can set different colors for buying and selling. Yeah, you can if you like For me it would be I see people doing that you can do whatever you like with the colors for me If it's above current price, I know it's a seller if it's below. I know they're a buyer that that's it It's the same as the heat map Okay, so now he's gonna get filled in here looks like and we're gonna see probably a big stop run right through all of this area in here And looking for it looking for those sellers to hit it hard here 840 okay, so a lot more just got filled. He's still in here 843 and Sellers will take him on here and trade through it here. Just just waiting for it Okay, another 20 just transacted There we go. So now we can see very clearly see the e here That means executed 1000 so he had a round number here of icebergs and he it was fully filled here 4,000 lots That's what unfolded here. He's out of the market now and this guy is still up here waiting to get filled on the offer with 25 25 has transacted and now look at the liquidity now see after this transaction. This is really interesting, right? This is the deeper insight that I'm talking about You can't make this stuff up. It's amazing as soon as he or even a little bit before he got filled in here Started to pull some of this liquidity in here And he also pulled some or somebody pulled some liquidity right after that transaction as well We don't know See the white line in here. This is our large lot tracker It means that everything that there's 383 contracts at this price level here Okay, about a third or more is one individual actor. So they probably got on a hundred and fifty or a hundred and 30 or something like that At this price level and then also you can see many all the way down now We don't know if it's the same player or many different players. They're all very similar Just kind of slightly varying. So it might be the same player That again, we don't know but it makes me a little suspicious that it that it is And we're getting this insight in here now. What happens if this player? Decides to pull all that liquidity and we get sellers And well, we'd be looking for the sellers to drop it very quickly through this 72 level And then probably take it down to Where's the next area of high liquidity in here? That's pretty far down Okay, so we would look for We go back to our higher time frame here and and Yep, look for what we were talking about before first off. We have one little level in here Somewhere around this 70 level and then we have our 55 and then we talked about 50 down here Okay, now, let's take a look at our higher time frame since we're down at these price levels now Okay, but we tried or the market tried here here and here see the wick They tried to buy didn't find enough buyers Okay, are we gonna find enough buyers down here? I don't know. We're starting to find some But more likely since we've tested down here already and we've tested up here many times in the auction And we're still not finding many buyers And they're not willing to take it higher So therefore my primary scenario would be looking for sellers to come in here and break the low And trade to a lower level Okay, and we're already on an outside day here on the daily. So I'm looking for a momentum move And continuation move to the downside right So just putting in kind of higher time frame picture and understanding also some of the order flow in here and then getting into Answering your question really about the icebergs in here and how to start to read them Okay, so Anyway, this is I hope that answers your question Lucas let's see. Can you see the difference in icebergs? The smooth line. Well, yeah in here like not many transactions took place You can see here's a transaction of 440 in the spike. Is that what you're talking about? Oh good. Thank you. Thanks, Rui and Appreciate it ask away, you know more questions We we look for these kinds of things and you can see again Let me get I'll get back to you Lucas in just a minute But look at this context we have in here that which is quite amazing. We have iceberg transactions iceberg transactions and then stops so That's why we have the two lines here and Let me go over the settings as well. Hey the settings. I have a summation here now Scott Pulsini uses it differently He uses I believe sliding. Okay, and he'll get spikes I like this one because I can look at this kind of context between the two and that's me so I Would recommend though Rui that you come on Thursday and go to Scott Pulsini's webinar at 10 a.m. East Coast time Cuz he uses this Also as a confluence, but in a different way. He actually looks for Kind of getting a signal first that just gives him a heads up on iceberg and stop transactions It's just a heads up now he's interested and then he'll look for something in the order flow to give him the The edge to a move unfolding Okay All right, so and then back to this again here we have iceberg buying and people getting stopped out in here and in here Okay, so there's a context Which is it's fascinating to see that you know who's taking the other side of these trades For retail traders and you can see it's a larger player. Okay, getting a bit of a pullback at the moment here But we're still in in a downtrend in the big in this kind of You know medium time frame here And seeing the buyers coming back up to here though up into these areas here Okay, trans big transaction here And we look for that Actually, we look for these little areas this little legend here where sellers came in and move the market This is where the sellers are Hey there, you know the move actually started here at 79 and a quarter and Then and then also a little barrage of selling in here at 78 and a half And so we look for a retest back up there and see if those sellers re-engage Okay, so we're getting our answer on that. They didn't sellers took it up buyers took it up to the top of the range here so far Okay, well, they're after this high liquidity at 4780 and that's the area We were looking at earlier actually where we broke down from here in our line Hey So the smooth areas in here, there's no transactions basically is what it means Lucas Okay, so you can see some stops just starting to kind of trickle here now. You see some sell icebergs on the other side in here as well All right, here's a scenario. We're gonna look at here for right now. So We have kind of a double top starting to form here Okay, now is it gonna turn into a continuation here or is this gonna be like a reversal? Okay, so Let's take a look here. So now see see the pop-up above our line and the swing here Now what we're looking for is a lot of selling here To come in and we'd love to see the order book also like show on the offer a lot And maybe some of these guys pull on the bid down in here Okay, so we're looking for this this kind of breakout here to be a A false breakout and let's see if we get our sellers right here is where we're looking for them There they are. All right. So sellers. Let's see you now take it down to here 77 and and a half And let's now so this is one of the things that we look for That we see a lot in a downtrend for example in this downtrend, but we'll get kind of this You know a reversal pattern in here Whereas it looks like it's gonna do, you know a head and shoulders kind of reversal and you know go to the upside here Leg one on the first move here leg one you get a pullback and then leg two you you We look to see if it fails if it fails Likely we'll get trend continuation to the downside That's what we're looking for right now in this scenario Okay, so we're still looking for these sellers to come in and hit into 77 and a half Okay icebergs you can see on the other side here just a couple of different icebergs And then let's see if we can really get sellers through this 77 and a half area here mark it up and And then all the way back down to that high liquidity at 73. Okay, and then continuation Like on our higher time frame here. Okay, so as you can see it's just been a pullback here on this 15-minute chart so far So we have a few wicks in here on the hourly but Like I said, we've tried up here several times on the buy side and we didn't get enough buyers Okay, so I'm the bigger time frame. We're still kind of supporting this move to the downside here outside day Retest some of these lower levels in here. Okay sellers. Let's see you pick it up right here 77 and a half And we have high liquidity in here kind of blocking it and we're not getting our sellers All right, guys, I want to cover another thing in here that you know one of our one of the setups we have on the learning center Let me show you how you get there stuff if you go to book map calm I click on education Then strategies and setups market mechanics course and getting started of learning how to use book map or all the different features and components We're gonna go to the strategies and setups though And we have one in here for continuation pattern In it's like like a flag pattern basically and that's what we're calling it But it's a strong move a pullback followed by another strong move And we have it here in book map or in diagram Then what it looks like in book map and then the third video is how to execute and what I want to cover is this And this is really where the rubber meets the road understanding the Components within the pattern here and we have a checklist Okay, we also have this checklist Really really handy here to It's an indicator or Add-on it's free setups checklist So we're gonna open that And the and you can add these in yourself you can modify it and whatever you want to do in here Let's start to grade this pattern now. This is really important Within the order flow we what we wanted We're looking for something higher probability For a setup a something where we have an edge, right? So we have a list of Things to look for in here What I want to cover is we'll just go through it by going back in time and looking at the order flow in here in what we see Hey, so and that will give us like much deeper insight To the potential move unfolding And so let's just take a look back in here. Well, we see a lot of back and forth in here at the moment You know, here's our 930 cash open a lot of volume up here Market totally dumps moves away from it consolidates here dumps again down into high liquidity And then we see buyers come right back in Okay, now this Buying came back in here, but failed to get through this area up in here Kind of basically came to the high volume node in in this area here failed Hey, and then went back and forth in here when we started the webinar at 10 And we're looking for either it to move break out higher and retest back up here Or retest back into our 80 and then continue Into those lower areas Okay, so And then we noted on the 15 minute chart and we noted in here also in bookmap You know, you can see these little highs in here and just not enough buyers so we see our sellers take it down and And then we see the retest back up here to 80 and We're kind of where we are right now so What what can we lean on in here that will give us deeper insight to a potential move unfolding And well, there's not to be honest. There's not a whole lot right now I would be you know, it's like Kind of like licking your chops over This all this potential buying in here. Okay, right in here Okay, I see a lot of buyers. Okay. Look at the dots and look at the bars Okay, now what I would love to see Is down here around this 76 level a lot of sellers If we can get a lot of sellers down here look out You know it we should get a drop all the way through This liquidity and probably a pretty quick move. I would imagine it would move pretty quickly down into not just Well, yeah through 73 and then Looking at the 68 level and then maybe down to 60 or 50 like we talked about Somewhere around there Right. So now let's let's start to judge. So we're gonna lean on this in here as a potential setup It's the only thing I don't really see a whole lot going on. We're still trending now We're still making lower highs and and lower lows here. So and you can see the buyers Again, could not make a higher high right in here just now So we're looking for our sellers to really pick up right now Now one of the things that you can do Even on this higher time frame now, this is not a trade recommendation Is look is something to study. It's an idea. It's a concept. Look for your sellers in here And you can even trade it down to here at 76 and take some off Because at that point here, they we have the buyers tried here here and here and They failed to bring it higher We get our sellers on the other side here We look for them to at least trade back down to the low here of the day and now we're down there But we're looking for continuation And we're looking for the sellers to come in and and mount their attack into that 73 to begin with All right, so now this would be in line It's a scenario to go through and it is in line with the bigger picture Okay, so we have a plan now And we're looking at not only them the market structure that we outlined very simple structure And then we're looking at the the order flow within that structure Okay, the limit buying cells as well as the transactions So let's see if we get our sellers in here right now Hey, 76 and three-quarters 76 and a half here they come And they should be able to break it Hey, they should be able to break it here. That's auction down here a few times the buyers couldn't take it higher here So I'm looking for sellers to take it down now, and I'm looking for buyers to get out of the way Okay, now. This is where book maps helpful are the buyers getting out of the way not really look at there Still interest on the bid at a higher level in here. See it see it coming in Hey, that's not what we want to see So, you know, the now it's less likely these sellers are going to take it down Now what about the offer? How does that look? Well, there's high liquidity up here. Okay at 79 80 And and a little bit in here. You can see not not too much. You can look at the COB column as well 80 and a half high liquidity up here So, you know, we're kind of going back and forth in here right now We're not getting, you know too much of an edge now what we were looking for down here It and it did auction it did we did find sellers, but did we find a lot of them? And we didn't find a whole lot of them down here. Okay. Now. Let's look at this here here Here's a potential edge Very few buyers here retest no buyers looking for sellers right here And then for them to take it right back down to 76 Okay, we have we have the offer as well showing some interest So I'm looking for this to repel buyers find sellers and for them to trade down into these levels here Okay, there's this is how you can start to read and put the pieces together in order flow Okay, here come our sellers now note how we got insight on that It was by the lack of trading up here on a retest It's a little double top up here some buyers Nothing or some sellers come in no buyers sellers come in down to our 76 level and now looking for a 76 to potentially break make sense and This way we can start to filter by the behavior in the auction in the order flow For a more likely outcome Okay, I would highly recommend that you you use this setups checklist Add-on like I said, it's free. You can modify it. However, you like it set up right now By default with this flag pattern the same that's in the video here. You can see trap traders and develop scenarios Identify trap traders and develop scenarios Number two steep impulse move strong relative volume a steep and large move strong relative volume and grade them Not only mark them and checklist them, but you can grade them. How good is the quality of it that is there? Okay, we got our sellers down here Now the the order book was still showing us though There's buyers on the bid in here All right, and then we can look at the quality of the selling in here, too. It's not bad. There's some bigger red dots in here That's not bad But we really want to see big red dots not not just you know a little bit bigger than normal We want to see the sellers moving it and moving it away So we're not really seeing that right now Okay, this was the best actually up here Okay, the biggest distinction we saw was the lack of buying up here. Okay, so exhaustion worked out really well for us up here Okay, did it do we exhaust up here? No, we didn't we see buyers actually auctioned here. So we got to be careful here Hey, because if we get buyers back up here again, and if they can auction up here Then this is gonna fail All right, then then if they can auction up here, it's likely the buyer is gonna try to take it back up to 80 Okay, so buyers are coming back up here All right now. How do you handle something like this? right, so Just take the scratch trade It didn't work, you know take the small loss or take the small winner Stop at break even you're out Right, so, you know, we were looking for trading it down here down to this 76 get out hold hold for a runner And then get stopped at a break even okay. Don't get squeezed though like this right back up to 80 here You know it either works out now, and that's the end of it That's it There's no if it shows something different it didn't work a rash you want to take a look at the NQ Okay Yeah, divergence Wayne I mean like I'm not not the biggest fan of the CVD, but yeah, you can look at that as well And especially in areas like this in here, but my my answer is always kind of like yeah I like CVD especially when it's hard to read the buyers net sellers in here, right? And you can see very clearly even on this move back up here. There's there's pretty big divergence There's there's more sellers in here just from here over to here. There are more sellers than there are buyers And that that's where CVD as I find it helpful is like in the net in here Right. I know that However, the thing that ball we's bothers me is like, oh, yeah, okay So then you short it up here now because all it takes is buyers to amount mount their attack in here What matters is the here and now right in here Okay, and then what ends up happening is I always find myself getting caught up in CVD and Divergence whereas like what matters it what I have found is what matters is right in here Buyers are they are they gonna move it away from these areas? That's the structure and the volume here and there is potential for them to move it here these buyers And we don't know yet Appreciate that hit the like button Yeah, please guys hit the like button if you like this kind of education I Know we're looking at lower time frames But like I said the idea here is like a like a card player go through as many examples as possible Boy, just even in here. This is hard read. I mean there's buyers and sellers even in this little structure in here It's hard. It's hard to read. I don't don't really know now This is probably where we get these, you know, these kind of catastrophic moves in here all of a sudden you'll see a massive stop run and Buyers come in. Yeah, like like this in here. Look at that skew in the order book, too Hey, this guy came in with like 500 orders here or 350 And he's still here Okay, there we go now. We should get a stop run and a squeeze to the upside here Stops are starting to unfold Order book skew here now see and now look at where is taking place as well buyers above 80 or at 80 And this is that line that we had drawn early on You want to take a look at the NQ. Let's let's do that. We'll take a quick look here And I actually want to show something in here with the NQ and show The Trader map pro in here because look look at the order flow in here. We've covered this many times The limit sell orders here are moving very quickly along with price kind of shadowing it Literally and also on the bid here So how do we read this well you start to read like see these other little areas in here where the order flow stays in the order book or Transax, that's what we're kind of looking for to give some insight All right, so if we don't get too much out of the order book in here due to this behavior we can use this feature from the MBO bundle and This is an add-on now. This is very different than stops and icebergs It's a filter for the heat map Okay, and it allows deeper understanding of the order flow And let's turn it on And we'll create one here. We'll get rid of all of them Okay, and we'll create a new one. I'll show you how to do this And so we're gonna create a New filter for our heat map here we're gonna select the NQ and Then let's add a study in here for our filter. Okay, we're gonna filter the The Change of the order flow or the duration in here. Okay, so let's go with order flow change and note now I have some other selections after You know adding this in here. We're actually gonna look for order flow. That was not changed Hey by price or size So What that means is we're looking for Order flow that's gonna stay in the order book for a longer period And let's now we'll click play here and what will it will do is open up a brand new symbol That is a synthetic basically and here it is here and Note how it says order flow change here or OCF and it says TM pro as a data provider Meaning that this is the trader map pro Indicator right now did that help us? Not really. All right, so let's get rid of that one and Let's go back to NQ and let's do it again and then it was not changed by By price See what this looks like and there we go now see see how this looks so different, right? Where's that halo now? Okay, we don't see it I mean if we if we really zoom in here, we can we can still see like bits of it in here Okay, see that But see how much deeper insight we can get now from this look look how different it looks So high liquidity just got filled in here And then we can see that buyers are still coming in a high liquidity is being pulled here and a flip of the order book Okay, so let's see if we get buyers trade it right up here to 740 and then maybe 750 up here or 7 I'm a 745 and then maybe 750 up here buyers are coming in looking for them to move it to 740 745 Okay, because of the order flow shift and change in here Hey, look at the buyers coming in. This is exactly what we were trying to look for In the the ES now the ES is probably following suit too. Okay, so now And it is okay So what coming back up into here now? Let's take a quick look back We might be seeing a big shift in a change here right now Let's take a look back here at our 15 minute chart Remember we talked about the likelihood was it was more likely down here since we've tried many times up here to find buyers And we never did Hey that it was more likely for sellers to take it down at that point Okay, well now we're starting to find those buyers Okay, so a retest up into these areas in here would be the first thing to look for now We're getting a shift in a change. So I'm looking for the buyers to Trade back up into these areas here. Okay, because they're they're showing interest, right? So the first test has already taken place here around 85 Next one was gonna be up here around 87 and a half and then high of the cash session at 90 Okay, so Again, like it's been really back and forth in here, but we're starting to see our change Okay, we were looking for this scenario as being more likely here And it didn't unfold right Now we're looking for we don't know if it's gonna unfold But the likelihood of retesting back up into these areas is is higher now Okay, so looking for again right now buyers to trade into and through 85 And see if we can get on up into 88 and 90 maybe Liquity here and then our 90 level Okay, Nasdaq is following suit or Nasdaq's leading the way Okay, so Nasdaq is not only traded into We're looking for 40 45 and and 50 that is traded up to 55 so far Hey, here's here's where we're looking for it here Yeah, and then 60 looks pretty good now too Okay, looking for him right here again At at 55 here. Let's see if you can see our buyers come back in and then trade up into 60 And nothing happened so far There they are there's some buyers though Let's see them. They got to get up here to 55 and break it though and See it Nasdaq It's probably gonna do it really quickly now You test And let's see it buyers here. Okay, let's see the now. Let's see the break up into 60 All the liquidity we're looking for the test up into here. I'm just due to this order flowing here and Here here was our answer right here our exhaustion a buyer some buyers here some buyers here total exhaustion job exhaustion here and Sellers okay, that's where you know, just we we look for the move to unfold and Here it failed and we see the sellers come in hand over fist here So that's the signal to at that point like it's not gonna work. Let's see here a few more questions guys Let's go through it I did that did that to get your NQ Phil? Saw the breakout and then you saw the failure here for the second second leg on the breakout I'm our fatty like why don't you you know, are you part of the book map Academy? you might want to Join and because of what I'm gonna suggest is like you're saying that you if you wait for pullbacks you get stuck in chop zones or reversals all together And if you wait Or if you enter into direct breakout sometimes you get trapped. Yeah, this is where we really want to see the the A distinction though So you don't get trapped Right, and this is where you you need you need to study it and why I'm mentioning the book map Academy is Please just Come up with a few images and show me In the book map Academy chat room or in this all-markets room here in discord and then we'll be We'll be happy to go through it with you Like why or what to look for instead or consider and I think that would be really helpful for you And that's what our book map Academy is all about Okay, because otherwise, I don't know how to you know Answer your question here. I Don't really have a too much context and let's see no if it's almost like It's almost as if that thousand lot iceberg knew what he's doing shocker. Yeah, I don't know it depends it really depends I mean we've seen like Thousands of icebergs 2000 3000 they get filled on the bid and price continues to drop and drop and drop And they're getting filled and filled and filled and you know and it's a down day And you're like I can't believe it, you know, like 15,000 icebergs got filled or something and And then the next day though, you understand what happens like then it's an update for maybe a couple of days So, yeah, we've seen that a lot of times that happens and that that's a really beautiful thing to see Like a higher time frame. Maybe it looks like it's a down day, but it's really a pullback in the bigger picture Or a potential reversal Okay Well, the E. Yeah, Aloisa is saying here that the e1000 Signifies the executed fully executed iceberg Yeah, yeah, and and that's it and now I do still I'm now I'm looking even more for this breakout into 60 here Okay, because we've come all the way back up here. See where it we had the exhaustion here pull back And then buyers come right back in right? And and it auctioned up here again, and then here again Okay, one more push by these by these buyers in here because sellers just came in and hit the bid pretty hard Okay, they're trying to move it away But if we can get our buyers back up here again if it can auction on the bid up here again The but the breakout looks a lot more likely Okay, I mean everything's shifting and changing today. It's kind of a kind of an odd day Look at the order flow that just came in here Right on the bid. I'm sorry on the offer and there's no buyers interested Wow Okay, so they just traded down to here in this liquidity now look at again They're on the offer here. What's the reaction to buy our buyers interested now? They pulled so, you know, it's really kind of back and forth in here one thing though for sure I would be looking for would be and we'll see But it auctioned here Auctioned here and auctioned here if it can come back up here on and find buyers again It is much more likely to break out And now again, we can even look down here and look to trade up to this area So now is it likely? Ah boy. It's not very likely. Look at that high liquidity here at 50 Okay, so, you know, maybe sellers are trying to take control now And buyers are battling there they go. They trade it into it at 50 Is there still more buying pressure if there is right here? I'm looking for the move right back up to 55 and then if it can if we can see the a Clear pathway to 60 it is likely to go to 60 at that point. They pull back to this big transaction Let's see if buyers come rotating back in at 51. Nope. Still looking no for it. Let's see buyers right up here at 50 Nope That's the scenario though. I'm looking for if we get our buyers here at 50 and a move above this big transaction right here Okay, here they come now now. We're looking for the move. Okay, not just not through this swing here 55 and then 60 okay 55 transacted Okay, take some off It's still buying so still still buyers look at the bid down here Still buyers but bidding up higher still buyers okay, so Not to 60 yet, but still looking for it Let's see if we can continue on 67 to the next and 68 up here as well pretty high liquidity up there Beautiful stuff. All right. Yeah, you can you can save your journal in there I'm our fatty but like I would I would suggest you know, I like I Can show you like someone's a spreadsheet, but it's really simple. You know, you just take here, let me show you here in the Bookmap Academy, I'll show you well here. I'll show you slow down here Slow down as a coach in the bookmap Academy and You can see he posted this one here in the all markets room Just go over to the bookmap Academy room and or in here if you like and You know put in some text and then post your image and you click on your image and you can you can see like You know what slow down is is marking up and what he's looking for to unfold here All right, and he has his targets as his reasoning He's looking at very very he's focused You know, he's looking for some very simple things in here to unfold and You know slowdown has gone through the whole process He started marking up his charts and he had several elements on here looking for this and that and this and then that led to being more Focus looking for something and then that led to a strategy for itself And now look at it. He's only looking at three or four things in here Okay, so once you've posted it in here just come up here to the more button is three little dots And then what you can do is just copy your your link here and then you just post it Or or paste it into your spreadsheet And get credit for it. Okay. Now once you get credit for it, let me show you you go to the bookmap.com Click on the more button Go to the bookmap Academy here. Okay, and basically This is what you do. You first is you sign up and you apply for the junior Academy Hey, if your content is good, you will be invited to the junior Academy and that becomes a testing ground You got to do it for a month and you if you have good content in there and you've made a quota of Three I'm sorry one at least one per day And it's good quality content you will be invited to the bookmap Academy and that's where you can get bookmap for free Hey, if you double that quota, you can get the MBO bundle for free as well And then you can work your way up to being a coach and a streamer slow down as a coach Okay, Jack is a coach There's others Stan is a coach. Hey, they're working their way through the Academy All right, so it's up to you if you want to want to join it I would highly recommend it because you're part of the community and you can bounce ideas off of each other and But the goal is Becoming a better trader as simple as that All right, so let's just go through one more thing here and then we'll wrap it up the As I had mentioned previously, we're having a sale right now And it's 30% off Of the annual version of bookmap Okay, annual subscription. I was suggesting Go for it With your new year's resolution To meet a certain threshold or profit for 2024 Get the deal get it for the year get the 30% off and then join the Academy so then you'll get you'll get your coaching and your mentoring here in that program and If you get bookmap for free and make it to the bookmap Academy at during the year then we'll pro-rate all of your Previous remaining or remainder of your annual subscription So it won't go to waste. So it's in that case. It's a win-win. So so go for it and Provided the link for you several times there in the in the chat Okay, so yeah, I hope you go for it. We want to build out our bookmap Academy We're gonna have a meeting this Thursday and you you know, we're gonna go through and Have an open mic. We'll cover people's Screenshots and give them coaching in real time. All right All right, let's take one last look here. So we made it up to our 60 level mess about it so far at least on Nasdaq What about the the ES? How's this going? Oh? God, it's pretty pretty horrible stuff today to be honest We're I was really pulling for that move Down here. Everything was looking pretty decent. We had our trapped volume here Just looking for those sellers to hit pretty hard here and move it away from this whole area in here And then that would set up for our higher time frame test Back down into 70 and then potentially 50 down here Somewhere around here 55 or 60. I think is what we said Okay, because we're in an outside day so far on the daily. So looking for that continuation and it still might unfold And we don't know We're just looking for the order flow In these specific areas on the higher time frames around 85 high side and around 74 on the low side here Okay, and again if you see exhaustion up here, and you see sellers roll in here up at 85 You can trade it back down to 75 74 Okay, lots of lots of scenarios to unfold and understand In the market structure here. Okay, look for the market mechanics and the order flow to tell you And that's how you can develop an edge here by understanding order flow All right guys, well, thanks everybody hit the like button, please if You like this kind of education. Let's get started off here in the book map Academy on a good good foot and Looking forward to doing a lot more with you guys here in 2024. Okay. Thanks for coming everybody. Have a good day and Happy New Year. All right. Bye. Bye