 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map We'll be doing live analysis here. We do it every Monday Tuesday and Friday and our this is at 10 a.m. And then tomorrow J. Trader stocks ready. He will be trading live 10 a.m. And then Scott Balsini futures trader At 10 a.m. As well. So we have an educational course and then we have these events here to complete your education This is all included Well, it's all free so We think we offer a pretty pretty high tier Education, so please you know take advantage of it come to these events come to our discord channel and ask questions Throw up some screenshots take a look at what's going on in there and Learn learn about trading Put these pieces together and become an expert trader All right general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results all right, so let's move on and and just a quick note on some things we just came from the Sorry for being a little bit late. We had a Webinar in German with Oliver sparring we've done that now a couple times So anyone interested in that? We'll have the recording up pretty soon and it will include once we Can you know get it going here? It will include English subtitles. All right yesterday? We also had an event I don't know if you guys are aware We are having a trading competition. It is already closed off For those that wish to join we'll have to wait for the next one But we had an event yesterday was open mic and it was going through Breaking down the market the crypto markets and looking for opportunities, etc. So Answer your questions and you know what what to look for or you know, what are considerations in your trading? All right enough said we'll do that again. It will be Wednesday. It won't be today But we'll do it tomorrow. All right at not sure yet If it's going to be at two or three or two 30 because we did it at two and it was kind of slow So everything kind of picked up a little bit later. Anyway, let's move forward. Let's look at this s&p Okay, well CPI data The market is extremely Sensitive here to interest rates And CPI is something that the Fed looks at And in detail so this is a big one and you can see the result here All right, so we dropped a pretty quickly here 40 50 points. Yeah about 50 points or a little bit more But let's put this into the bigger picture perspective. All right, so we know That even here in the cash opened a little bit of volatility back and forth. We're still going down All right now the numbers in the CPI it was the core number that everyone's reacting to it was quite high compared to You know, what was the forecast? And then also we had the there was a bump up a few points also in just the regular CPI But it's the core that most traders are looking at with bigger tagged Items are out of the picture in the in the core. All right, so let's take a look here And what's going on? All right, so well, you can see the drop you can see in book map here something really nice I always love the way that Since we just simply record the data in here You're simply getting what the market gives you and here it is like I look at this little pocket in here of pulling liquidity Before the event All right, so very very simple very straightforward concept here. No one wants to take the event risk All right, so here you can see look at all this pulled liquidity here, especially last minute or Let's see how many seconds before here So this is twenty nine five seconds before five seconds before all right and a lot of pulled liquidity you see the first kind of bump up here and It didn't hit anything usually we see it kind of hit some of these areas here 4200 or this liquidity here around 4180 Instead it didn't we see the spread gap here and the move lower. Okay, so big big move lower and Looking for areas where it's going to hit liquidity You can see the liquidity the resting here at at 77 it actually starts to trade some it looks like but They're pulling as well. They're pulling down below here as well. They're on the offer here Refinding sellers dragging the market lower and That's the story here basically that's what's been going on And you can see it again here at 60 just above the swing low here And they're getting filled in here. All right, they're on the offer up here. They're getting filled in here They're lowering the offer and we're finding sellers trade into lower liquidity levels as well Okay, so some back-and-forth here 845 comes up and test into the 65 liquidity. It does look like it filled And then we head down and hit the liquidity here around 57 and continue on lower. All right, so That's been the story here And you can see these these sellers moving that lower these pullbacks are pretty shallow They're not making a higher high in here And you can see that we're trading into this liquidity through it retest back to it And then Continuation to the downside right now there was a little bump here at 930 as you guys can see Okay, look where it went. All right now it went to the figure here the half figure However, look at the transactions here. It's you know, obviously it's because of the traders around this figure area here This is what matters. It is their Participation in the market is their orders that are making the difference here Just because it's the half figure doesn't mean anything it mean what it has sick This has significance because other traders are placing their orders here And it's an easy round number So you can see that they were on the bid here. They get filled. They're on the offer here they're getting filled and It really kind of stops the move higher here. Basically. Let's just zoom in a little bit Yeah, trade it into it a little bit through it here and then you can see what happened All right, so sellers come in dropping this market lower back down into liquidity here And we're still finding a few buyers in here is kind of interesting just after the the open trades into this liquidity and Right back up again Look again here at market structure. We go over market strike We've been covering market structure for quite a while now in several of these webinars here And you know, we look for it and then we look for order flow events around that market structure This is very very simple Stuff to understand here. In fact, just don't don't roll your eyes here. We're gonna go through the exercise here Market structure. Okay, this is create. This is the price action here. This is a desperate and offer over time And we can see the structure in here. All right, so let's just zoom out a little bit more Obviously, it's to the downside now this move here to the upside. Let's take a look at it Okay, this is the structure here and then you see the quick moves to the downside Look where we come back and retest and So a few times in here and then we continue to the downside Right, so here is again another structure area bigger. Okay. In fact, you can go all the way back here Basically and then let's move forward Okay, and that's where we are right now To current market now. What is kind of important to understand here? Let's look at this structure, too Because this is a this is a pretty strong move here Why why do I mention that? Because the structure is there's there's a gap in here, right now. We're coming up to retest that gap right now All right, so we need to see how many buyers are in here And we're gonna turn on the volume dots to get an understanding of that Because you know with a strong move like this and shallower pullbacks Typically You know that there needs to be tremendous amount of buying here to bring it back up into this structure So we kind of look for maybe a test here around 30 or just just above this structure here And then the move back down into the range. All right So that's kind of what it's doing right now as we can see in the price action now This is what this is where we're gonna get something out of understanding the structure is the volume within the structure And let's turn on the volume dots All right, so here we go And now we're starting to understand this context. This is just two elements on the book map chart We can even close stops and icebergs for now strong move pullback strong move Some back and forth pullback. Okay. Look at the pullback here to that 50 level I mean we can even see it without the liquidity in here We can see the big transaction here right to it. Okay, some back and forth Strong strong move here now not as strong as these. Okay, so we're starting to judge it And and then some back and forth in here actually some not not bad buying here And a little bit higher here, but we have the sellers come in and then strong move here Okay, so we're still sell side until we see something different here that sellers are in control All right, so in the structure here and look at the volume within the structure Okay, sellers are in control So we're looking for a disruption in that or continuation of that And just trying to keep this very very simple here by reading the order flow now I'm gonna we're gonna read the Current market here in a very low time frame. Okay, and we're just I just want to show here like this here This is a break of this structure Okay, so back up to the top of the range here All right, so let's see if we get more buyers up here If we do we're gonna break it All right, we're gonna come back up into maybe this test this structure up here 25 and a half Okay, these concepts of just this smaller Move in here is the same ideas that we're looking at in this bigger picture here Okay, so this this little move here is a is a break above that little structure here Okay, and then you can see we did not get seller buyers back up here again Okay, looking for sellers down here And looking for them to drop it down to the bottom of the range here 19 and a half or so Okay, so just understanding this this concept of structure and volume is very powerful Uh, and if this is less confusing for you to understand this and put these pieces together Start with this Okay, one piece at a time Start to understand the order flow the the participants of the traders in here and in this case It is the transactions of the traders Okay within the market structure now obviously the market structure is created by these traders Okay, so now let's turn on the heat map because now we want to look at the the other Element in here now. We're just going to fade the heat map a little bit Okay, we can dim it here And we can look at the other side of the trade. Where are they? Where where are buyers and sellers in here now? See how we're back up here now? Look at the buying looking for the test up into here now Okay, we didn't quite get to the low here We're finding buyers so looking for them to try to extend it up into this area here Okay, so around 30 and we know there there's liquidity here Okay, let's just zoom out. This is the line we put in Okay, looking for a pullback to it All right now. We know though. Let me get rid of this line here Um, we know that there is liquidity there Okay, we can just let's turn up the heat map a little bit. It's already it's already been in there for a while So we're looking for the test to it Okay, so now we have a third element on the chart and we're reading the context of that Where is the liquidity if these are the aggressors in here? Well, where are they going with it? That's where the heat map is really helpful Okay, what is the condition in here that might propel it up there? Okay, well, we'd look for you know pretty pretty strong bid or Maybe these guys are pulling that liquidity up here. See how they're staying in the book? They want to get filled here 159 contracts up here. Here's our here's the wind at our back see some of the liquidity in here Okay, trying to they're bidding up at a higher level here And now we're just looking for buyers to complete the process and trade up into 30 And there we go. There's 30 All right, so again just very simple stuff here now. This was a smaller timeframe move Okay, but we're going to zoom out and we can look at the higher timeframe move here Okay, so not bad on the buy side here not bad Uh, you know, this might turn into a higher timeframe move Hold on a minute here auto recenter trades. Okay Um, so it might turn in the higher timeframe move now if it does Uh, it needs to come back up again here and we'd be looking for a trade back up into this previous range in here Okay, we can look at some of the swings, but now we're going to look at this Range up here. Let's just dim the heat map again here We're going to look at this range up here in terms of like what is a value area here Okay, this is the low value area here because of these the swings here. This is a high value area up here So, uh, we're looking for something into not the middle But the high volume node in here the most traded level it could be down here. It could be up here Okay, we're going to look at our volume profile. It's right here. It's actually up there pretty high at 40 Uh in that range Okay, so are we finding enough buyers to try to get up there? Okay, we all we've gotten so far is Our retest to here 30. Okay, see how it needs to break that Okay, and we need to find quite a bit of buying to break that now They we're looking for buyers to buy off of this level here Or maybe they have to come all the way back down here to 20 or 21 Uh, and then buy again. This is where they bought previously Uh, and we'd look for them to support it here again And let's put the heat map back on to get more insight to what's going on Okay, so it's obviously it's through that 25 level here We did not see the support here in the bid nor did we see buying in here a little bit here Okay, uh, and then we see selling here, right? So they're dropping it lower Uh, we can also look at not only these areas down here the high volume node in here in this previous range in here Okay, and that's right here at 22 and a half Okay, so let's also mark up that high volume node here At 22 and a half Okay, looking for a test to that Okay, our buyer is going to support that. Well, this is where we need to read the order flow Okay, they've already they're already through it. Okay, so looking for them to come come lower now uh into uh This level here at 20 and 21 or let's call it Okay, and then lows of the day here down to 20 Or i'm sorry down here 17 16 Okay, let's let's look at a maybe a bigger picture move 4 000 down here Okay sellers are coming in looking for the move down to the bottom of the range here Okay, now it's bouncing off of this level here very slightly. Hey, but it is Okay, so Now this is why we put these areas in here You know, this is for your consideration to manage your trade Because this is the um area here where we found the buyers previously here Okay, so to see it bounce off of here is not a surprise Okay, now our sellers are coming right back down. This is as much buying as we got off of that It's not a whole lot Okay, looking for more sellers right here at 21 And looking for the sellers now. We're not getting them yet But looking for them And then looking for the push to 16 down here and lower Okay, lower the day is 17 and a quarter or so Okay more buying coming in Now look at the structure And we're still we're not making higher highs in here Okay, here the highs up here low is here Here are sellers Okay, so let's see now if we get a bit more and then the push And we should get a stop run as well Okay sellers, you've got it. Let's see it There's 20 buyers snap back very very quickly here To our point of control Let me get to the questions here. I'm sorry guys. I've um Have not looked at any questions yet So sorry for that Good morning eighth trader HE thank you trader HE a whistleblower right now. Okay Yeah, we we reply eighth trader. We've replied to questions in here all the time Uh and also in youtube, so let me jump over to youtube as well Alizandro, I I don't know what time your question came in, but yeah, the heat map is on here Aloha crypto server surfer And newbie Surprise bruce doesn't keep stops on well. I'm not really trading in here Uh j trader will he'll be trading tomorrow I'll also scott pulsini All right guys looking for those sellers now. Here's why again I mean those buyers came in look now look at the selling pressure come in and but just again It comes back to structure in that context in here Right now. Heck. Heck, you know, we don't know maybe a slew of buying is going to come right back up into 23 And then we'd be looking for a move back to 30 here right Okay, but there's more selling here than there is buying and the structure is not telling us that right now We made a lower low here and kind of an equal high here Okay, we'll just be careful to manage your trade accordingly uh, but And look, I mean they're retesting it back up here again and we might get those buyers If we do we'll note it and we'll look for that move up into this 30 level here. The first one is is pretty nice It's detailed here The structural level is detailed by that liquidity that you already see here right in here Okay, and that's the that is the kind of uh consolidation period in here Okay, so yeah looks like see you see the buying coming in here now this they're starting to kind of pick it up here Okay, and here they go. All right, they're going to go for it here back up to 25 Looking for the move back up to 25 here They've got, you know, some good buying pressure in here looking for them to try to move it to 25 Uh, then the next level is up here at 27 and then our 30 level Okay, and we talk about trap traders in here This is the trap. I mean it's basically down in here. Uh, this looks pretty good Um, but yeah this whole level in here basically Uh, below the 21 Okay buyers, let's see. Let's see you move it back to 25 here and then 27 and 30 Let's see if they have enough we're looking to get to these levels We we've got to find the buying pressure here. They've got to show up All right to just say it's going to go. Oh, yeah, it's going to go to 30 is going to go to 27 It's based on what we see in here with the transactions And the in the order book Vasu, you're welcome. Um Yeah, no, we've been we've been doing these live, um forward-looking webinars for quite a while Oh, I no, I turned off the stops in icebergs. Um, uh Lucero, uh just because, um I was just trying to make a point a point there. That's all You kept getting an error message on es z2 Not found. Um, not not sure john doe. What what to tell you, um, is it are you looking at rhythmic? You should be able to uh, it's for cme. Make sure you you select cme. So click on the plus tab here rhythmic, uh, and then exchange is cme Uh, and then uh, and then input here If you don't see it in here because these like a lot of these are already, you know expired I need to go and delete them all but like, um, uh, the, um If you don't see it in here, you got to type it in just just type it in here. Okay ES z2 And then it should tell me I'm already subscribed to it. Yeah I don't know what if you're is it rhythmic Like like david is is is telling you you can if it's dx feed, it's a it's a different symbol name Uh, you have to put in a slash. Okay, so let's just do it quickly here. Um dx feed, okay, so now you put in any symbol in here, which is kind of cool I like the way that dx feed does this but you have to put in a slash es z And then you can see it in here and then we put in 22 and in here it is and I'll select it Okay Try that. Okay, and then then it will populate here And here no data receive. Okay. No, no, there it is Kind of scared me for a moment Okay, so try that I'm gonna unsubscribe from it Uh, you might need to reach out to um for this apex thing then, um and and speak with them You should have access to it. I mean, I'm using rhythmic. Here it is Guys, here come our sellers now now. We're getting our follow-through on the sell side Looking for the continuation here looking pretty good We we've got a lot of we talked about the trap traders It's this here Seems to be the trap Okay So sellers coming in Looking for 10 and Yeah, I mean seven and the figure A buyer is coming right back Interesting interesting moves in here And they've got all these guys trapped. This is one trap after another Okay, now do they have the follow-through though? Yeah, it's quite a bit of buying. All right, so that was that was kind of uh, that was kind of tough to read Let's see it on that sell side again. No, let's see if they can do it Let's look at our kind of our structure in here. Basically what we did was you came we came a little bit above point of control Hey back up to these guys I'm basically kind of let them out And then we're right back down here Okay, now we're letting these guys out is a question. All right. I'm still looking for sellers here I'm looking for the bottom of the range 16 and then the push through it And then this will probably be a quick move Down to 10 Okay, so still sell side here looking for the move Uh and the and the continuation to 10 to 7 and then to the figure here All right, kind of kind of tricky in here a bit. Um, but we come back down in here You know the sellers they they took it here It's quite a bit of selling look at the dots look at the the bars Quite a bit of buying also, but it's still less than the selling So still looking for sellers to take Uh this lower here Buyers still fighting it in here Still fighting it. Okay, we might get a retest back up to here 18 and a half Don't fight the fed Yeah, I mean You know We see the stop run here to the downside, right? We don't really see any stops up here So sellers are still in it And it retested and it wouldn't even hire a bit higher here Uh, and then we see the sellers come in here and then they this is where we see them starting to move it All right, so we're sell side Still looking for the move lower here And we're not in a position or anything. We're looking for it's not a trade recommendation Okay, so we're we're just analyzing the market here due to the order flow and pointing to areas Due to the order flow pointing to the areas. We think uh, it will Uh likely visit The edge here is is reading the order flow Okay, and putting that together with any strategy you might be using we're going over a little bit of volume profile You know swings, um, we're not going over candlesticks in here, but we've been going over structure Uh, and uh, we go over like head and shoulders or people are talking about that yesterday, etc different patterns You know continuation patterns uh, or Consolidation patterns yesterday we talked about a lot about, um wike off And distribution accumulation markup markdown So the distribution and accumulation happens within your consolidation The back and forth in here The markup or markdown here is by the sellers or the buyers moving the market Um and taking control of it Okay, so still there's quite a bit of buying in here, but look at the look at the structure in here I'm still we're still looking for sellers Right and then all of these guys are going to be upended here and we should get a nice move to the downside here Look at these icebergs in here. So so this is where the stops and icebergs can be really helpful All of this buying in here is into icebergs Okay, a lot of it We've we've dropped here from it was up at 2800 down to You know about 1300 Okay, so about 1500 icebergs are in here. That's I mean for the s&p. That's not bad It's not bad So we have that on our side here even though we see that buying in here We have the icebergs on our side. So we're still looking for lower areas here any more questions Bartos I Think I've answered your question Yeah, we don't uh vasu. No no no spread trading. Um, we haven't we have never really covered that But um There there one thing we have covered is some synthetic instruments Or or you know a correlation tracker Or the new cross bbo Well the cross bbo is not going to work But the correlation tracker will uh and you know throw some of those things on the chart And uh, uh, yeah the cross bbo actually will work. We can we can put for example The the spread in here for um, I need to subscribe to it. Hold on This will be interesting. So hold on a minute So I don't know if you guys are familiar. We we've got some videos on it We did a session on it with the cross bbo Cross cross best bid and offer We'll subscribe to it here. Uh, and then I'll add it here to the chart So you can start to look at your maybe your spreads and your spread trading Uh, I'm just going to change the colors in here. Just um, so we have the distinction here Okay, we're down at 10 guys. This was the projected uh area And still still going lower here not not we were looking for the quick move here kind of like this here Due to you know, uh, the stop run that we're Looking for and we got that and then we just got you know, we got all of this In here structure is looking good and we know that they're trading into icebergs So the bind is trading into icebergs on the other side now not all of them But you know a pretty good chunk And that's the beauty of this uh Stops an iceberg indicator in here. I mean that that just you know I don't know how you guys feel about it. But for me when you know, I read this and I'm going well, this is weird There's a lot of buying in here What and and they're not able to move the market higher. This is looking very odd Um Now then I see the icebergs in here on the other side So that's where this really for me at least like that gives me a lot of insight into this area in here Okay to understand that You know people are reloading or or they're you know, larger players are getting filled here on these pull backs in this area here Yeah, yeah, uh vasu like um Well, you know another thing you could do too is you could look for you could use this Cross bbo in here. Here it is. You can see that uh, uh, this this Remember our our yellow and our blue line down here. This is the best bid and offer of if you hover over it The esu 2 contract Okay, whereas the this is the best bid and offer here for the um esz contract december contract All right, so you can you can look at it that way Um as well Okay, or you can put the correlation tracker on here as well All right, so if you want to do that here, let's just uh, let's do that I think I've got correlation tracker and add We'll add it this color here. That's fine Uh, another thing guys, this is uh, kind of the beauty that you know, we talked about this yesterday Uh, we we talked about it many many times over Look at the work we had to put in for this. Um Uh distribution area in here Right. Oh, it's up. It's down like buyers trying to take it. I mean cell side, you know, we know the sellers came in here Okay, and then we looked for maybe buyers trying to are looking going through scenarios in here Where they may take control or try to do something Uh, we we did get the move to 30 Hey from uh, uh this coming up in here, uh and looking for buyers to support it in here And then we had this kind of back and forth in here back and forth in here This is where to me it looked like Uh sellers really took control Come come back and uh a couple of times here here and here above the swing Uh, and then we come right back down again though, and then I'm looking for those sellers We got them in here. You can see them in here pretty clearly But we started to see them actually in here and then this confirmed it We're looking for the move to the downside to the to the low again Uh, and then we started to look at lower liquidity here. Okay, so Um, uh, that's that's played out pretty nicely now. What helped us in here again is market structure Okay, we did not come up to 30 Or uh the swing here. Yeah, I guess it was 20 we didn't come up to 25 30 was even even further back Uh, so what this is where you know, this can really help you We looked at the uh point of control in here as well Uh, they they did break it above it uh here Uh, and then broke down again below it here My point is like look at all of the back and forth and kind of the work in here Uh, and uh then looking for looking for sureity though Okay, and we we were still We're looking for a couple scenarios in here for buyers. Uh Even in here like maybe maybe once we got back down in here, there was no maybe though Okay Uh, and then we're looking for those sellers we we remains kind of uh with our our outlook here sell side All right, and then this here is what you get All right, so the that was my main point of going through all this hard work in here You got the mark down Okay, and you still stay with it until you see something different All right now we we have quite a bit of buying coming in here So let's go we got to go through the process again. It's going to make us work for for this in here Okay, so back and forth in here. All right now still though. Let's look at the structure So you we're still remaining on that sell side Okay, the structure has not come back up into this area here Okay, it's it's tested here, but it didn't come up further. I look quite a bit of buying yet again Okay, it the um, it hasn't even come out to this swing yet here And I point of control in this area here is actually right here at 07 Okay, okay, so we're still remaining sell side even in Confronting all of this buying in here Okay, until we see something different All right, just trying to trying to keep it simple So know your structure and know your volume within your structure and know your heat map or your uh liquidity within the structure And this is kind of an interesting one here watch these buyers try to snap it right back up here Okay, maybe top of the range maybe 09 See see them coming in and and No, I mean our bigger picture. We're still remaining sell side But this has the potential here All right, we did not get the sellers or many sellers here and we're starting to get some buying in here. All right now Let's let's see if they they come in here and then we're looking for 08 and top of the range 09 950 here 950 is where that Well, liquidity was now it's down at 08 and a half Okay, any questions on this? No, okay, looks like we're pretty good Okay, let me get to discord here yes, uh 8th trader yes, it is um the um We're looking at the uh the buyers and sellers The aggressors here moving that market and then the trap is when you have like a Um an area where Accumulated volume and then the the market kind of quickly moves away from it There are several um webinars. We've gone over traps Okay, we'll go over another one if we see one here Okay, still remaining ours on our sell side until we see something different, right? Okay, looking for the figure here now one of the things about the figure that we we've seen again and again uh is a lot of times we kind of inch down toward it and um You'll start to see like just not enough sellers to to to reach it and We start to see some buyers come in and they you know start to even change and get a reversal type of pattern Just before trading the figure So we're open to that scenario. I don't see it unfolding yet Okay, maybe it was in here that we that we're starting to see that I don't I don't know but uh You know a lot of times we'll get just down here and then some profit taking maybe some You know Getting some sellers going the wrong way before thinking. Oh, it's a it's a no brainer. It's going to hit the figure uh, and Whatever the case is uh, you know, we a lot of times we'll see something like this or I'll just kind of outline it Um, and it's just a scenario what would look for that scenario, right? That's that's the key and we know what it looks like Uh, it would be like a big buyers right right now. It would be big buyers coming in big green dots like this Pulling that market up to uh top of the range Uh, and then we'll probably get a small pullback. Uh, and then uh look for a continuation though All right, so from uh from there, uh, then we'd look for uh, maybe uh Again more buyers to take this higher Up into uh other swings previous swings here, you know something like that Okay, it happens a lot and then what and then what unfolds here is I see we see it in crude We've seen it in crude oil for years Is we get this kind of a double top pattern up here It'll come back down Come back up just not enough buyers. So leg one leg two fails Uh, and then we get our sellers To trade it right back down into the figure Okay, so uh, that's another scenario. We've outlined it many times in the past Okay, so but uh look for that possible scenario Okay, as as mentioned we we don't see it yet. Okay, so um We're we're still Looking for it going lower Into these areas here another thing too is you do see them start to see like the kind of front running in here Uh liquidity in front of the figure Okay, this is very typical to look at liquidity here on the offer Okay skewing the auction trying to maybe get it down into the figure here Okay, now let's go through another scenario Another scenario is a lot of times we'll see it trade into the figure Go below it, uh, maybe you know somewhere around three to five points Usually two to three Uh, and then a move back up above it and then you get the squeeze to the upside So you get a lot of people that uh a lot of traders are um, so you know, here come those buyers, right? Okay, just in front of the figure. So let's see if they can come back up to here Uh, oh five Okay, i'm not going to draw it up here We even broke that little structure here Okay, liquidity is at oh five here Okay, and now our structure is here Do we trade it? No, just shy of it A tick shy of it Other potential swings in areas and structure Okay, and here now here here come our buyers. So let's see if they if they follow through here. So almost to oh five here They also high volume note here at oh seven Nothing yet nothing yet And let's see it buyers. Let's see if you can do it So now watch if they can't do it watch how sellers will come in uh here Uh down around oh two 75 And then watch them hit the bid here Okay, not enough Not enough sellers here Okay, bid is looking pretty good here actually Oh two and a half oh two oh one and a half now now it's just oh two now we're getting our buyers up here now We should Well, you know just looking for It's done to is hit the oh five here. I want to see them hit this uh, oh seven here the that point of control And then maybe potentially oh eight and then uh Oh nine and a half or so So here's our point of control move here oh seven They back up into this range here Sorry guys. I'm putting the the rectangle right on the liquidity there Yeah, eighth trader. Okay, so here's your question at 4 000 there is a psychological support What can book map help to give some indication that it will hold? Okay, we we actually I think in my mind I I I answered the question Uh is to look at uh the um front runners here Okay We went through this scenario with those ovals and I I drew that it might come up here Do a double top and then come back down and trade it we went through three different scenarios In here, so uh, this was one of them Was we just get kind of down here and then you know looking for retest back up here? Okay, so uh, and and we saw we saw it start to unfold All right, we started to mark up these levels in here where it might go Okay, so now it so the I I would um So the the question is will it hold or not is more like well It's it's not really what I'm looking for. It's whatever the orders And traders. How are they reacting to this area? Uh, if they're reacting to that to this area in one of these manners, then we're looking for it to go higher okay, if uh, uh, you know, there's um, let's say let's say we get this kind of Some buying in here and it didn't even break the structure here and we we got more sellers in here likely would trade into and through Okay, and what if they're they're not in front here. They're behind it here You know is the is these kinds of details we want to answer Uh, if it's going to trade into it or not So keep coming to the webinars Uh, and we go through all these different scenarios. So one of the scenarios would be I mean we went through three But what if they're not in front here is all dark here Okay, above the figure, but what if they're You know starting to show liquidity down below Uh in these areas are even lower than that You know down down in here. We see this a lot Okay, well, that's I mean, yeah, it's good that they're on the bid that they want to buy But it's not as bullish as if they're in front So this is context Okay, psychological support. I I really want to scratch that out of the question Double bottom. I want to scratch that out of the question as well Okay, it's more about how is it reacting down here and that context in this auction is what we want to answer Okay, I use double. I you know a lot of times I use double bottoms or like, uh Head and shoulders or whatever just just to talk about the Because everyone knows what they are But we're going to talk about it in terms of order flow So here here's our sellers coming down coming down Look look at you know, we're not getting so many sellers now. We're starting to get buyers down here Even at this bottom here. We start to see some buyers come in Okay, well, we get buyers up here. They even broke this small structure And that's the condition that's going on. We didn't even trade down into the figure people are front running it and sellers did not take them on here Okay, we get our retest here. We get some sellers in here true They trade into this liquidity here And that's as far as they took it Okay, this is where we can look at the nuances in here as well Okay, you can you even look at very small areas in here As like this could be the selling trap and see how the buyers shifted away from there back up to the top of the range Okay, usually we get this and then a pullback to this area here And then continuation the pullback actually came here. There's a little pullback in here Not not much not much All right, these are the questions to answer Okay, the context Understanding the orders in this area in here Once we start to understand that we can start to project different scenarios and look for these things to follow through or not Okay, in this case, it's following through to the upside. Okay, just it just traded to our 08 level It made it to this point in control and then it failed I came back down And then we do find some support seeing them bidding up here And we don't even get sellers trading into them And then we get another shift here back up into this area Okay, so now We've gotten kind of a You know a bit of a reversal pattern here I'm looking for it to fail now though And now I'm looking for sellers to come in we've come up here. We've hit some stops. We you know, whatever Some back and forth in here and now And we might get you know, we kind of got a small pattern up here a lot of times it does a bigger kind of double top meaning that There were buyers in here We see the selling come in here and they just can't make another high or high or even equal high And and then this is what we want to read in here If we're going to get our continuation down into the figure Okay, it looks pretty good Um You know, I see that selling coming in here and here All right, so let's see them try to come in again And looking for them right here right now and down to the figure down to this liquidity first And they should be able to trade through that Let's see Looking for our sellers Into o3 To o2 and then the figure not yet. Let's see if they come in now Right here sellers Down to o3. Let's see No You see they're starting to bid up here Okay, here we go. Here we go. Now see see how they're down below here Um eighth trader see how they're down below. They're not in front Okay, so you know that that allows the the buyers to uh, well, it's just not as bullish Okay, and when watch to see this guy already pulled at o2 Okay, so we we get a kind of a feel for these guys down here. Do they want to trade or not? Okay, still looking for sellers to hit into this o3 and we came all the way back up again And still looking for them o3 o2 the figure Okay, this is kind of turning into what we kind of drew up. It's another variation like like uh, we we still might come up to o8 here We could even get a reversal out of it. It's possible and the um Yeah, I mean we might get the the move back up to o7 and we'll and we'll read it at that point And then we might get a continuation on that second leg, right? Uh, and then back up into higher levels here Okay, but I'm still looking for these sellers in here Okay, still and let's see it sellers. Let's see it Right here Yeah, uh I think that was a pretty good sequence of going through. Um The uh, it's a good question And we went through the sequence of of of reading this context in here And the and the different scenarios and variations just i'm just because like every double top or bottom or you know It's it's all it's all made up of the orders So we want to understand the condition of those orders Uh, and uh, that's that's where we get the insight Right, just because it's a double top or a double bottom doesn't mean anything Okay, but if we have a double top or a double bottom with you know Like this one's not bad Like not a whole bunch of buying or selling down here buying up here broke the structure retest down here Typically it makes us a little bit slightly higher low in here And then you get more buyers up here and then you get the break In this case, there was a little bit of selling in here and then they kind of pulled away quickly And and then we see traders up here And then back up into some of these areas here Yeah, so and go through the variations. I would recommend like a Use replay mode and book map Record your um your sessions and go back and study these areas in here and you'll you'll start to understand it You'll understand these variations and what to look for in the scenarios come up with your own scenarios like well Okay, if it if we see these things start to unfold then we're looking for this to happen And that's reading the order flow How's our spread trade doing? Our spread idea so this made a higher low here. I think it made a no Okay, it made a higher low here as well in the u-contract Quite a bit of buying starting to come in it was this was looking pretty good for hitting that figure But uh one more one more retest back up here Okay, this is where I want to see now I want to see the sellers down below here again like it's close to our o3, but just a little bit higher here It's this area here I want to read that See them here. They come now. Can they trade right through that area? That's what we're looking for Quite a bit of buying Quite a bit of buying still a lower high though And that's that's structure. I mean we're looking at the structure You know quite a bit of buying but they're not able to make a higher high on all that buying Okay, watch for the sellers trade through this here Let's see if we can get down to the figure now Can they do it? All right guys, there's our move uh into the figure Okay, so still looking forward to go lower here 97 and a half Our pivot point is going to be the the the the figure here basically Well, then we want to kind of keep an eye on here, right? This is where we see the move, right? And then the potential kind of Trap below here, but you know don't see yet still still looking to go lower here There it is See how they came in right here right at our level here, right? Okay Now this is right back up here looking for them to try to take it higher as well Uh, I think they can back up to 05 or 06 up here Still structurally though like you know, it's still holding All it's done all all we've seen it do is uh We got a big reaction off of it, but it's come back up to this structure here So you guys can see see how this repeats This here and then draw across this here draw across Buyers above it and then the the snap back Okay, big stop run here as you guys can see as well liquidity up here at 10 Okay, quite a bit of buying again. Look at look at the bars and now we're going to look at the dots here Okay, so the the bars are showing quite a bit of buying Okay, now this selling in here. Yeah, that's good, but look where it took place way down here Okay, so now buyers looking to see if they might be able to take control here Uh, at least we're trying to get back up into some of these levels 08 and 10 Originally we had 09 and a half, but the liquidity is nice now at 10 and a little bit lower eighth trader, okay So, uh, yeah, you you purchased global plus a lifetime a few years ago mainly due to the education, but now it's free um we just uh I mean basically what happened there is we went to youtube and It just it kind of broke down everything. So yeah, I understand a bit of frustration on that Whereas before it was part of the package We were just limiting a lot of people and they they didn't understand order flow and and You know trying to give them, you know, everybody understanding of order flow and You know help their trading So, um Anyway, yeah, I understand that frustration But we think we're we're doing more education than ever and it's there take advantage of it And you're back. So uh begin trading again NQes Whatever it is. Yeah, I do recommend that you subscribe to rhythmic um So the um the rhythmic data is very high quality. So is dx feed But the rhythmic data goes above and beyond Okay, guys, look at look at this move here like uh, see how we we we notice the strong move here by the buyers Here's the retest Basically to it and then there there's another strong move here. So I'm I'm still looking for them to go higher here Okay, I want to see them come up to this 07 here Or where you know, this is where we target the liquidity swings and liquidity Hey, I guess I guess it's about 06 here Uh, and then uh, and then 10 Yeah, yeah, that's good a good attitude eighth trader. So you're not not frustrated Uh, just want to get going with book map in order flow again. Yeah con can continue to come in here And uh, we're we're here to to help you Answer your questions, etc That was a good exchange with the going through the different variations and what what to look for Uh, and then also to kind of debunk some of these ideas of like, well, it's not a double top or bottom Or whatever it is that we're looking for it's the the orders that we're looking for Okay around specific areas Uh with rhythmic if you're just trading the n q in the es you just need to pay 39 bucks a month Um, you can get it from here. I'll show you on the on the book map Marketplace so the way to find it go to book map.com Uh, click on the more button here and then go you can click I usually just click right on the text for marketplace Uh, it is linked. Uh, and then you find rhythmic here. Click on that Here cme non pro 39 bucks a month add to cart now if you want the cme bundle Okay, that includes here cme cb o t nine x and coal max so if you trade, um You know the bonds or even the ym that's on the cb o t or the grains or whatever If you trade, um your energies like crude oil or natural gas You need nine max If you're trading the metals you need, uh, uh, coal max All right, comics. So it's up to you. Uh, but if you're just trading the stock Stock indexes or the currency futures, uh, go with this one and you're all set Okay questions in youtube. Sorry guys Uh, was uh answering a lot of questions there in discord Yeah, uh captain price. We haven't had too many, um, uh issues like uh, usually it's pretty pretty tough trading. Um, The, um rollover period We've we've seen some pretty good moves though Guys, I think this is we were looking for that move back up into o o nine, uh or 10, um and Let's just zoom out a little bit And because of that buying on that quick move and then another one here It looks like the buyers are coming back in the, um It it now it looks more like it's going to be, you know, kind of, uh, well in fact structurally it's still negative here We're still it's still bearish. Even these in in here Are lower highs in here all of them Right, so structurally this is still bearish Okay, we're just noticing these buyers coming in though So that was a misread, uh on my part. So, uh, uh, you know notice the that these these buyers in here these buyers in here Well, it still may do it Uh, we got to come up here though And they we got to see the buyers up here at o five and they've got to really come in handle or fist to move it Uh and uh and break the structure as well So as you can see this they they're not and we're getting sellers coming right back in retest this area here And maybe they'll come down to our what we were looking for earlier our 97 and a half here Okay, simon mainly buyers no sellers you see okay, so, um I don't I'm not sure what time you you wrote that simon But yeah, we're we're seeing that uh in here. So you see how like they're kind of supporting it here right right here They come okay, they see them first get up to here O2 there they go. All right, so now There's this there still seems to be that this kind of knee jerk reaction in here Um from these buyers they need to break the structure though So we need to see them here and they really need to come in and move this market All right, and they're just not so far Okay, we need to see that this is where we need to see them right here right now large buying Then o five first test Okay, we're not getting too much out of the order book in here Uh, you know we see this this is kind of a stacking algo or market making algo in here um Stacker algo it's just uh, you know keeping his distance On the bid and on the offer But I don't know what is it how many ticks maybe two points or so. Yeah about two points Uh omar book map can work with the uh currency futures And then you can apply that directly to the spot market if you want to trade forex Okay, but uh, we need an order book. We need volume Uh from a centralized exchange uh in order to really take advantage of book map Uh bow which time frame so I trade with the heat map. Um, well it depends on what the The order flow looks like A lot of the trading or I'm sorry analysis in here, uh is um Boy, this doesn't look good. See the selling coming in here and then selling starting to mount again so we We didn't we didn't even get the o five here. So this structure guys is still bearish in here. It's still bearish You know, this is We just we just don't we're looking for clarity in here and we're we're just don't see it right now Okay, even with a lot of buying in here now, there's you know selling starting to come in now too so anyway If we get our sellers right here at the bottom of the range we should get the push into You know a low or low here. Yeah, here we go. Let's see it sellers 97 and a half And nice nice stop run here So anyway, we saw that buying in here, but look at the structure Again Okay, so here's here's our move now 97 and a half whereas before we were we were we're pulling for those buyers in here You know, we start to see them come in but They can't they can't even break this o five seven five up here Okay, so from here on you know They just couldn't couldn't do it even with their buying pressure So we come back down and we see the sellers hit hit hit the bid here Well, yeah, I mean if you if you Bow if you're looking at the order flow here, I mean you can see the orders and that will if you can understand the The orders and you can understand where price may go next And that's the that's the edge Okay, now use that in combination with all of your other edges Okay, maybe it's like uh, you know Above like point of control for the day or like above a value area high or low for the day And then you've done your back testing and you know, you have an edge All right now look at you know book map uh to to help support that edge Or maybe you're trading really small timeframes and you can just look it in here Uh come up with trading strategies. You can you can write your own automated trading strategies in here I can demo that for you. Uh here we can use chase and escape here. Um And uh Yeah, I think I need to you need to accept the risks you can also so like I said, you can you can program your own um and You can now program also in um In python every now and then we've done it for years in here, uh every now and then we'll show um the uh Uh this Funny thing in here enabled enabled All right, I think I'm good So let's see here So these are two automated strategies in here and it should mimic the behavior we're seeing here for this rollover You know these guys that are are two These kind of stacker algos or market making algos that are a couple points away here All right, so let's uh, let's see it. All right, we'll enable the trading And uh, we'll put one on the bid down here And one on the offer way up here. See how immediately it chased Okay, okay, so actually you can see I'm off a little bit by about four Ticks it looks like so let's let's uh, let's fix that So it is two points not three Okay All right, so now let's just watch this See how see how we're tracking along with this algo Okay, so you can write your own trading strategies in here and then You know when maybe price to gets to a certain area Tell it tell that algo to shut off and and your order will just remain in the order book and get filled at the area you want Uh, justin you can still trade from your trade of aid account. Um, no problem In fact, you should be able to you even use the cross trading Uh, I believe From trading from rhythmic if you want Uh into your trade of aid account Okay, so here here here you can see it guys like we had to adjust it in here But now it's tracking it pretty well, right? It's right on it. This one's a little off By a tick or so. Uh, so bow if you or anyone who's an automated, um Uh a trader or mostly automated or you just this can also can give you a sig signal Uh to buy or sell Or it can you can have it fully automated and it'll trade It's been a while since we demoed that. Um, but I I'm just fascinated by it. I just love it. Uh, this is incredible to me To see like You know now that we're not just kind of tracking the order flow in here We're tracking specific individuals in here And their behavior we know what their behavior is what they're doing And we're we're mimicking mimicking that behavior in here And so this is very very powerful to be able to understand uh these markets and uh how to uh You know start to understand their behavior Yeah, you guys all have access to this right right now In fact, you you will need to have global plus to have this And again, there's even the execute here Um, this strategy will execute The trades this is where you have to be very careful and know what you're getting involved in here with Okay, so now it Let me we'll we'll let me go through just a bit more on this here Since we're covering it and let me show you where you can find more as well Okay, so go to our youtube channel and uh Scroll down Go to playlists down here or bonus material and then the playlist for features and components click on that In fact, hold on a minute here. I'm going to open that up in a new window So we can get the number of the video Okay now We can scroll down here and uh look at um Some of these automated trading strategies in here. Oh boy. I can't find it. Um, I know I know they're in here. Um We just kind of rearranged these in here So a little bit harder to find Here we go automated trading strategies here overview Uh, and then activating them Uh, and I think there's more uh as well But start with these. I think there's like an 18 minute long One on uh, you know understanding Anyway, you can use these in replay mode as well and test them Okay, so uh anyway go with those guys and uh play around with it And you know the um, basically what this this strategy does right here chase is this is kind of like a A trailing stop However, it's for your order um You know, it could be for order entry. It doesn't have to be for order Or exiting a position Okay, so it chases And then it will stay in there now the escape though when combined with you can see we're combining them both together here We have both working here this one will escape the market if the um The the orders here do not meet my criteria the percentage you can see I boosted the percentage to A lot here 207. So if the percentage in the order book over uh a certain amount of um Price levels in here, uh is is not met Um, then it will just it won't escape Okay, if it is if it is met here, um Then then it will uh an action is taking taking place here Okay, so the condition has not been met because it's you know quite a bit of a skew here in the order book Uh, so what it escapes and escape uh away from from the market here So you can see I put it at eight ticks away uh, and then um And the size of one price level uh here So uh anyway play around with it Um, if you if you guys like uh, you will need to sign the uh accept the risks Uh, so that uh, you know you understand what you're getting involved with here All right, but you can see it's tracking very nicely With that liquidity in here All right. All right. Let's go back. Let's take a look at this here Let's turn those off for now and uh, we'll just um And we'll turn off this as well so we can look at price action And see what's going on. All right, so we made it down to our 97 and a half And we're kind of above and below the figure in here It's kind of a mess Kind of a mess Anyway guys Let's wrap it up. Uh, tom b is uh, I believe already broadcasting if you guys want to jump over Uh to see his webinar starts at um 11 30 Okay, uh, and we will have the Crypto uh breakdown tomorrow. All right, so that will be the next event It's open mic. It's in the um, um, it's the bm dash trade of eight Voice channel in there. Uh, it'll be somewhere around between two and three tomorrow not sure yet Okay, but uh, I'll mention it tomorrow during j traders webinar. Thanks for coming everybody Please subscribe give us a thumbs up in here if you like this video that really um, it's really Important actually uh to uh Mention that so The thumbs up in here if we look at it will judge if what we want to cover in here How much you guys like it? What what more to do? All right, so Yeah, please, please give us a thumbs up and subscribe subscribe to the station or the channel here and then You'll get updates and uh Uh, you know information when other events are occurring, etc. All right, and you can subscribe to them Uh and be alerted Okay, so uh, yeah, that's very helpful for us All right, any more questions in here in discord? No looks like we got it Yeah, join our discord channel as well. Keep the discussion going over there Uh, and uh, you're gonna get a lot more content over there. It's it's 24 7 We've got some great traders over there. So please come to that and uh, um, yeah the You'll the learning will continue All right, thanks for coming everybody. We'll catch up tomorrow