 All right, good morning traders and welcome to the live trading webinar. This is Bruce at book map and So we're doing live analysis here Monday Tuesday Friday and the whole Idea here is to follow up to our educational course and the so that you have access to The course online and then live analysis that goes through that course content. So you can apply it Learn from it apply it here And and then we also have live trading two days a week Jay trader stocks trader on Wednesday, and then scuffle senior on Friday or Thursday And then Tom B. Has the afternoon session and he's gonna start doing this daily Monday through Friday for after after these webinars around 11 30 a.m. East Coast time and So you can just keep the stream going basically and non-interrupted Education Tom is a volume profile trader for the futures markets. So You know offering very high quality education for you guys come to our discord chat room We have the discord room in there to Follow up with all the discussions, etc. All right. So anyway, let's go through the the Disclosures here. This is important. So, you know what you're getting involved with and then we'll jump right into the market 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 is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's take a look here. What's going on? lots of movement in the markets in fact Let me kind of Get rid of the candlesticks, you know, we had a Interesting webinar with a broker yesterday. You can even go check it out with tick mill And and Dan Gramsah who you've been educator or our trader that you guys may have heard of In the he's been in the industry for quite a while really really fantastic trader great guy Who looks at candlesticks? His his forte is his candlestick analysis. So we were going through some of the candlesticks and We can you know cover some of that today if you like as well. In fact, let's just jump right into the higher time frame We'll read the current market and then we'll jump into the higher time frame and look at some candles Just to understand ranges Highs and lows swings etc on the higher time frame and then we'll map those out within book map All right, so good morning Ricky Ricky Rampage. You're new in here. So welcome and Let's see here Yeah, all right, so we had some news this morning. I have you know some nice Collection of data in here from eight o'clock. You can see here. Good morning Burt And you know, look at the range here not able to bust above 3810 but we're finding buyers down here Finding buyers here right looks like it's ready to go here in fact and break out One more retest looking again like it's pretty ready here to break out and look at the bid here Right. So, you know, we would look at this here, you know as you guys know in our webinars And we're looking for this to break out at this point We were finding buyers are lifting it. They're testing back up here Here they are again and but one more rotation down. We did have some data here At some very important data. We had the retail sales And right now we're having the Just released a few few minutes ago or some minutes ago. We had the University of Michigan consumer sentiment Look at the move here. Hey, here's the move to the downside and back up. This is a trap We can just very we I'm just gonna shoot for the the go for the throat here And call it a trap, but you know, basically it's technically we need to really kind of understand But here's the here's the release Here's a lot of selling. Here's the trap. I mean in and we're gonna see lots of stop runs You can see the stops here. It really picks up here on the move up. And where's that? It's above the range here this 3810 that we're just we're just talking about. Okay, so Basically in the bigger picture of what we're talking about here in in book map is understanding these ranges Hey that we were just covering From the overnight and then understanding traps in here the data was good But data being good or positive is actually Has been bad as CPI was for the for the markets Because it means that they're going to be raising interest rates And well, I guess consumer sentiment is good, but I imagine that's just going to fuel inflation. So Anyway, it's Yeah, maybe a little more complex to understand with the retail sales Nonetheless, we can see the the move down and the move Right back up and it really starts to pick up and nice nice stop run here huge Zero up to what like 3,500 4,000 4,000 over 4,000 here on this move from all the way from the Down here on up. This is huge and Even for the yes, that's a tremendous amount So and it continues here. Okay, so we just had the consumer sentiment university in michigan. Look at the pop. Look at the stops And and we're still accepting higher here so far Okay, so we're going to keep an eye on this here. We're at 3850. Okay popped into that And let's see if we can still find more buyers here To try to pop through 3850 and continue on now That's the kind of Analysis for now. I'm not so sure about the The trading in here. There's a lot of selling in here. Let's just draw up the range. Okay, we've got this here. All right, and we've got This is the new range here from 30 up to about 53 or 4 55 and We're within that range Now, what's the volume like within this range? Who's in control? Okay, so in fact, let's just put this within the range and we'll we'll use this is kind of a trick to use um a volume profile or or anything basically in book map is to use the chart range As a data field and then look at your volume profile, for example So look at here. Here's your profile for that that area here. Here's our high volume node in here Okay, so it's it's it's here at 3840 And let's we can split this out. We can really get into some of the details in here and We'll split it out Okay. I've just duplicated that column. I want to split it out We can look at buy versus sell or we can look at the delta here. Okay, uh, and um Let's look at a delta column. All right. So here we go. We have the delta column here So a lot of selling in here Okay on the overall you can see it in the dots and the color and the size of the dots here So there's a lot of selling in here All right, so a couple different scenarios. We need to go through in this range here. So we're we're ascertaining Who or the we're quantifying the amount of transactions in here leaning one way or another Okay, and we want to see Uh, who's who might be trapped and be fueled to one side or the other on a breakout? Or the opposite. Maybe we kind of break out a little bit here Trap and then come back into the range and trade back down to a value area here Okay within this range and that would be your point of control So these are some ideas here and we're going to look at the order flow to give us insight to what might unfold Okay within this range and you can see the the buying and selling in here that mean they want to be buyers down here around 30 Uh 25 you can see that want to be sellers up here at 55 and 50 and now a little bit lower here too around 47 Okay, so we're uh, you know Uh here they're even getting a little more aggressive in here. Look at this. Uh interesting stuff in here Uh high liquidity on the offer on the offer on the offer on the bid just now underneath here So, uh, something's gonna unfold here pretty soon. Uh, so looking forward to this Don't see any insight right now at the moment Okay, we need to we need to wait and watch and and see a little bit more here. Uh, see some commitment That's what we're looking for in here. Uh, good morning rob Um, so we're looking for some sort of commitment in here, uh from one side or the other Okay, so Yeah, here's some sellers just coming in Okay, so let's see if they can Here they go. All right, so they should be able to reach down to 38 here Uh and uh test maybe even the bottom of the range here around, uh 32 or 30 But uh 38 is the first area we're looking for Okay, it's a lot of selling so yeah, I want to see these sellers continue now I'm gonna take the candlestick chart off here for now It was a good exercise to do that though Looking at the hour chart and then looking at the the volume and the and the the auction within that hour period All right Oh, okay, uh Trader Raj. Um, yeah, so split out the data here Uh, yeah, I mean, uh, we can do that as well. I mean, I've got the the delta in here. Is that good enough for you? Anyway, I like this tool quite a bit looking at the, uh Volume profile delta Okay careful here looks like this has a has the kind of a look of a potential trap here now We were looking for 38. We couldn't even do it and look at the buyers. They're just, you know Really trying to squeeze them here Okay, and again, here's here's kind of the trap. We're looking for sellers in here, right? We found some we're looking for Uh, uh, selling to continue here Uh, and you can just start to draw up these traps again So I'd be very very conscious of this Uh, and and not to get caught up in it Okay, so the trap is pretty nicely set in here with a lot of selling If we can just get enough buyers up here then Okay around 45 I'm not getting much help from the order book right now. So maybe we'll just kind of bash around in here some more All right. Anyway, let's uh, let's take a step back here. Uh, and look at the higher time frame here Here we go. Here's some buying now again buying is good But look at how dark it is in here Sellers can whip it right back down. We want to see more commitment here Okay, the move here is to the upside basically at this point We've got enough buyers here to to get a nice squeeze And trade up into uh 50 or so But uh, you know and that's that's that would be the call here however, it's It's not uh, uh, not high probability Uh, we we're not seeing we're seeing some buyers in here. That's good If we want to see here's a retest back up here We need to see more buyers again, and we really need to see the bid support this here Okay, else what can happen is we could get a stop run to the upside come back down and then trade back down to the other side of the range Okay, so these are different scenarios in here and and book map. What is it? What is the order for telling us? Well, it's not it's not giving us a complete picture right now So that's what that's the point. I'm trying to make here Okay, in fact if it's not giving us a complete picture Maybe the range bound trade in the break of this little trend line would be uh, uh, uh, the move back down And into the bottom of the range again or at least the point of control All right, okay, we talked about that a few times during the week Okay, it's a potential strategy to to look at and study Okay, if you don't get all the pieces in here All right, so uh, and that that's potentially setting up here All right, all right, let's jump back into rhythmic, uh, our trader here just to look at the higher time frame Uh, and we're going to do a little bit of a recap. I think of the week because on the daily chart here on the left hand side And You know, here's here's the beginning of the week right in here. Let's let's look back one month here Okay, because uh, I just want to go through this like It's going to confirm what we're what we had talked about starting monday It's going to confirm it. So we were bearish in the bigger picture here if we look three months back Um, uh, you know, we know that the the seller came in here and and drove price away from this Value area up here after all this back and forth within this area Sellers in control Okay on the daily no no question All right, so uh, and then the hourly chart we saw all sorts of back and forth in here And we really weren't quite too sure On the hourly what what to make of the buyers and the sellers here And you can see the that's a a pretty decent Assessment here look at it continued the back and forth in here All right, so in fact on the daily it just came back down to the bottom of this range and now it's right back up Okay, based on the in my opinion or what I view is all the buying in here on this hourly chart So all it did was test to the bottom of this range where there was previous wicks three of them here on the daily And buyers we we found buyers here in these areas Okay, so uh, we dipped below it yesterday and while now we're back up above it Okay on on monday here We were looking for the move lower on tuesday. We're still looking for the move lower Uh, wednesday thursday, we had scott and j trader. Uh, so we didn't cover too much Uh with the futures Or at least uh in the es um scott had a wonderful overnight trade uh yesterday um You know thursday night um european session But then look at the move back up in the buying pressure off of the wick After It went below the swings here Okay, that's kind of key to understand uh in this area in here. Okay, so um And then uh, you can see that the buying has continued today Okay, so looking for the move back up into some of these wicks up here Okay, 3875 maybe maybe 30 um 3900 the figure up here. All right, so uh, let's look at the hourly in here. We're just trying to get a feel for The buyers and sellers in here by um, uh, reading the candles Okay, which is kind of imprecise here Uh, however, uh, we can then look at book map and get into the details Okay, so, uh The hourly chart here lots of back and forth. This was a tough read for me at least um, and Still looking at some of the swings in some of these areas in here The 15 minute chart here is monday We were looking for the move lower. We drew these lines up before Uh, any of it unfolded. We're looking for 3840. Okay because of uh an area previously in in here At 3840. Okay, just some of these ranges in the higher time frame And then also the swing up up here So what did it do on uh on monday? Well, it chopped around in here went to the upside then finally End of the day and overnight went to the downside here. Okay, which was the overall move we're looking for tricky day here Back and forth in here Look at the daily chart. It looks like it's really straightforward And sellers. Uh, well, it wasn't so straightforward In this 15 minute or in the order flow either Uh at the next day was the same thing. Okay, so we just don't have alignment here Uh across the time frames. Okay, we we we just covered uh, why? With this hourly chart And then finally, uh, you can see that we're making lower highs And lower lows and then we got the break here. Okay, and that's what scott captured uh and um Or i'm sorry, maybe he captured this one here. Yeah, he captured this one here to the downside Uh, so now we're back up above or back. Yeah up into and above now our 3840 level Okay, that we deemed important here. All right, so and we're coming right. We've only tested two Truly where the sellers dropped it right here Hey, you can see the selling pressure come in the big red candles moving price away from this value area or this This area where price accepted Okay, and look at the structure of how it accepted in here Is this clear to people? This is really important to go over And we're going over it in one of the simplest methods Of understanding structure in here by the candlesticks Okay, so yeah, let me know get please give me some feedback in here Uh, because if if we can start to understand this in here on these higher time frames Look for the order flow to support it and then you can capture some of these big moves All right look at for some of these ranges in here tops of these ranges Okay, so Now, you know, we've we've tested back up to where it dropped from and we found some sellers That's not a surprise. We have a wick in here now. Look at the buyer starting to mount another attack here on this 15 minute chart Okay, so we're coming back up to 3850. Okay close to it here All right, so are we going to get a breakout? That's what we want to understand The wick is up here. Okay, the high is up around 55 54 Right, so let's come into book map here. Uh, and let's look at The uh, yeah, beautiful. All right, so here we go, right And now we're back up above it. This is looking good pretty strong buying in here Looking for 55 that's it beautiful. Um, I'll move to the downside here Within this range still okay just looking to top to Test the top of the range here. Okay, we've got enough buyers in here Okay, we've got enough buying pressure in here. They went down here We found look at the stream of buying coming in. Okay. See the strength here So we're looking for continuation, but right now we're just looking for continuation to 55 Okay, or 54 the swing here somewhere around there Okay, so within this Uh move here And maybe we can look back period make it one day within this move here Okay on the 15 minute chart Uh, maybe you shouldn't bring it down into a five minute. We're just looking for uh The continuation here Uh, just just the swing though right now Okay, and then we're going to take a look at it further All right, so uh, that's it Uh, and the the order flow is supporting that move right now Okay, see that they're on the bid here Okay, we're starting to find a few sellers now Okay, and they're just just testing into these guys here. Do they stay in the order book? Let's let's take a look. No, they they polled a lot of that liquidity in here Okay, so maybe test a little bit lower here. Okay now they're starting to find buyers here All right, so now Can we find enough buyers to trade right back up to here 49? Okay, looking for it and then let's see if we can get uh, this should be a stop run in here It is uh, and then we'd be looking to see now If this could be a possible trap And then we get our move up here into 55 Okay, looking pretty good now. Let's see. I want to see the bid underneath here There we let's let's see if we we're getting our buyers here I want to see the bid light up though, and I want to see these guys at 50. I want to see them pull See how they're adding in here instead. We're not getting out. There we go. We found some buyers now Look how we found the buyers. See how the bid started to add in here and we found buyers great Okay, so we're going with this idea 52 next area 50 54 53 54 55 Hey, we have enough buying pressure here. Hey, they're pulling here at 52 All right, so this is this is looking much better for the move into this higher liquidity up here Okay, so this is how you know, we can put together and read the order flow here Here we're looking for the potential trap in here We got it. Uh, and here's our stop run in here 235 Okay, and still looking for the move higher here the high liquidity is still up here Okay, and that'll be high of the day as well Is this stuff making sense? for you guys It's you know, what we're talking about here is really really I Trying to make it as simple as possible and and it should be simple For us to understand Uh, it's not rocket science. It's not it's just understanding the context of the traders in here through the orders That's it Okay at levels where there was, you know significant, uh, uh or important transactions previously So there's our move into 55 and look at the continuation actually This is an interesting move. I didn't wasn't wasn't necessarily anticipating this Uh, just 55 for now Uh, and now let's look at our bigger picture for just a minute here Okay, so now we've traded up into and just starting to trade through this so next stops would be Uh 60 and then up here 67 67 68 somewhere around there Okay, and then ultimately back up to uh high of the week here Back up to kind of this 80 38 81 or 82 level We have the potential to do that today Hey, there's gonna be a lot of stops up here, uh throughout the week people. Oh, I got it. I've got the move Right. No, you don't people shoot for this here Uh and make sure that uh, they know that there's Basically, we know that there are orders up here Uh, and uh, uh, we're looking to fill those orders Okay, we're gonna find uh some uh some buyers up here All right, that's what we're looking for here. That's the scenario Okay, so let's let's look for the order flow to support that scenario Look at the bid here. Now, you know, this could be a false breakout We need we need to see Okay, because they did flip the the order book here from offer to bid Uh, but some of it got filled some of it pulled So it's still kind of trying to figure it out here They're on the bid down at 50. Okay, we might get a pull back there And we were just looking for the move to 55 That's it All right a couple questions in here in the discord chat if you guys want to jump over to the discord chat, uh You might want to check that out some some really good questions in there. Um You can still watch it on youtube there I'll I'll get to the let me start with the youtube questions Then I'll get to uh robs and and doug doug showing some options stuff in there by looking at spy In fact, let's look at that first to be honest because um What doug is showing here? is Traders are buying the spy puts and selling calls. Um So, uh, so doug's looking for uh, maybe the es to move lower at some point if this continues here all right, so There you go. Some options information from doug Okay, rob will go over the sweeps in just a second here. Let me get to uh, a few other questions Yeah, sure. We can we can go over the dome or the the new dom product I don't know if it's dom or dome. Uh, I'm gonna call it dom Uh, I used to always call it dome in the in the past, but uh, I hear more and more people calling it dom um Yeah, sure. Sure. Uh, we can go through all of that. Um There's I can show you also other Uh References we had a we had a webinar uh a week or two ago Uh exclusively on the dom and execution pro So that will answer a lot of questions for you as well as the knowledge base will How can I tell that uh sellers are coming in and and trapping buyers on the other side? Well This is how by understanding market structure Okay, so for example another structure in here I mean guys, we're not making this stuff up uh This is where like we're going over things here in um in book map And showing you the orders and the transactions and and you know where the limit buy and sell orders are Okay, but you probably heard of like, uh, you know krable, uh, uh breakout um strategies or You know all sorts of things like areas of consolidation and breakout that was you know, he has a book He wrote years ago You can look it up on youtube. Uh, it's it's selling for like over $2,000 Uh, something like this, uh, and um It's uh It but it's pretty simple stuff You're just looking for a couple of days of uh consolidation And then uh, you know, it's looking for you're looking for a breakout Uh when price is going to move? All right, so And uh, we're doing the same thing uh in here Okay, so here's our range okay, so Who's in within this range? Okay, well, we can we can take a look at here. Here's a lot of buyers over here Green dots breakout and then uh selling cluster in here And selling in here a little bit of buying so a lot of sellers in here Okay, except for right here Okay from the breakout only but the breakout we also know is a stop run in here. We know that okay, so Um, so we're trying to ascertain again like, you know, who's going to get upended in here, right? And why do I why do I? uh Preface it that way Because in in this range in here, there's a lot of people have already committed Okay, so they once they've committed they're they're if they're a buyer they're actually now their position is selling Okay, where are they going to sell? Okay, well if you bought in here, you're going to be a seller down here Okay, did anyone buy in here? If you did where did you put your stop? It's probably down here, right? Somewhere around 52 and a half or so It may be 50 53 something like that Okay, and that's where you're going to be a seller That's where you're going to see this. This is basically you're trapped and you're you're getting out Okay, so buyers and sellers in here it The easiest way to get the price to move Is when people are compelled to trade Uh And um Maybe it's liquidations. Maybe you're you're you're you're so leveraged that uh, you you have to you can't even trade it The the we can look at crypto markets and look at liquidations Uh, and uh, the the exchange just closes your position for you because you don't have enough margin All right. Well, that's probably the most extreme, but uh others are going to be placing a protective stop down here Okay, and this market will you know go and search for liquidity or or you know transactions here Okay, so that's why we Anyway, kind of a long-winded way to answer the question. Uh, oh little All right, just look at it here. Look look at see see the transactions here Well, look at the retests in here Did it even come back down to these guys? No No It's squeezing them Have they gotten out yet? I don't see a stop run yet. So I'm looking actually for them to be squeezed here Looking for buyers up here, and then maybe we can get get to 60 Right. So, you know, well, now let's see now if we get back down here We kind of let them out So anyone that sold in here They'll probably buy it here You know scott covers this uh about Understanding that if it gets back here, you're praying that it gets back here and it's like, oh god I'll just take a small loss and I'll buy it back All right, that'll also fuel the move to the upside Okay, look at these sellers in here. This is a this is kind of an interesting one Um, so we have sellers down here And there's still sellers here So this is even a better trap if we can get buyers up here All right, so let's go. Let's let's check this out here and let's see if Well, you can see the sellers actually won this one out Okay, at least for now they they sure did or is it is it collecting more sellers here? And then we're going to get the move above 56 or so Uh, and then get the stop run up into 60 Okay, it's it's not um Not too many stops in here. So this is a lot of new selling in here Okay, now this coincides with something uh, dug was looking for All right, so with some of his options information Hey, you'll need to go to the uh chat to see that and and discord Okay, the advanced webinar room And so we should start to see some stops now on the buy side. It's the buyers. They're getting squeezed in here Okay, we have a few not not many though. It's not many I'm kind of surprised Uh, let's see here Yeah, we'll take a look at the DOM in just a minute um Yep, you got the trader Raj. You got the uh delta column there Numbers in the screens near the time stamps. I'm not sure the these down here Uh, these are stops and icebergs Not sure which numbers you're referring to. Oh here 500. Okay. This is just the it's a it's a reference here to the volume bars Right. So this would be 500 here. Uh, but we don't really know what the um, uh, like this bar here is probably about 400 You know, so it just gives you a reference to it Okay, you can um hover over this and left click. Let me get out a drawing tool here You can hover over this and then you can uh, uh, I think you hold down Shift or What is it here? No, hold down control. Oh, no, I'm sorry. You hover over the 500. That's what you do, uh, which is better Um, hover over the 500 and you can move it up and down, but you see the bars move with it That's all so if you want to look at your volume in a different Expansion or contraction Okay Okay, let's see if we get buyers again now looking for them looking for the move I'd love to see it come back up not just to the top of this range here. I I see the buyers come in Okay, so let's see if we can get them here Sellers just come in and just throw more here on the on the offer though. So See if they transact I just love to see it come up here to where it dropped from and and test 55 once again here. That's all It's all I'm looking for here. Uh, I don't I don't know. I mean like in terms of structure I'm just keying off of some of the buying in here, but uh, the structure is not telling us that yet We haven't you know seen anything yet in here to to give us that move here It's just a kind of um, uh, outlining a potential scenario here Okay, so, um Just I started to see not so many sellers down here and some buyers up here So looking for the potential kind of a Little pop up a little bit higher here. That's all okay. So here now we're starting to break a trend line So they should be able to trade into 52 and a half Take these guys on One traders holding a lot of liquidity there There they go starting to transact And not enough Yeah, don't know yet here The fact is they're able to hold it down 3850 Again, I would like to see a little just pop right back up to 51 and a half here After trading to to 50 Okay, we only got up to 51 I'm still looking for it though A little bit more and then maybe even 52 and a half, but just just right here where it dropped from that's all Yeah, this guy's persistent On the offer, but he just transacted Still persistent this guy wants to get some size on here good call on the options dug This is working out pretty nicely here I'm gonna break this down into a five minute Just to see some of the five minute structure in here I'm kind of looking looking for maybe a little bit of a bounce here right around here Right, this is where it broke out from And established kind of a new range in here So yeah, just just testing the bottom of it here And see the the five minute swing right it's right in here this little area here Okay, which would it would be right here in book map So we're just just testing into it right now Okay, all right, so let's see if we can get it now Um, we've got to see buyers back up above 46 And then a move to 48 and then maybe 50 That would be the scenario here Okay, more on the bid here More on the bid here More on the offer here and going lower Anyway guys, I'm I'm always kind of looking for the counter trend trading here Um, but you know, we we always stick with the the trend. It's the easiest You know, I should cover that first That scenario first But you know always just sticking with the trend into until we see something different And structure has to break or you know, uh be tested several times And then looking for a break This is looking better now Some stronger buying in here You know something interesting too. Um, I I thought I would show Uh, so from yesterday's webinar as as you know, like uh, like if you know Dan, uh, grams, uh, he looks at, um Basically all the futures markets, uh, and he's swing trading, uh, the the markets Like I said, he's such an excellent trader like he's Um, yeah some said some really interesting things. Um, the uh One was, uh, you know for you currency traders out there In fact, let me add some backfill data in here might need to put in quite a bit But correlations, uh The us dollar the strength or the weakness some weakness yesterday Uh in the dollar which has been super strong, uh recently, but some weakness yesterday Uh and something that we hadn't seen in quite a while. So I thought you guys would be interested in this Okay, I hadn't been uh really following it too closely But uh and let's take the candles off Okay Here's parity right here. Okay euro dollar. So one buck Uh, look at the test down here guys, this is You know I think this is probably one of the strongest kind of indicators you could use is just using correlated markets Uh, you know, this is because you're really comparing You know, it's always a comparison to to things Uh stock market strong compared to what? uh, and um Uh, you know, once the other thing that that correlation that link starts to change Well, you're going to see the change in the different markets. Look at parity here Look at look at the high liquidity down here, uh at one dollar and starts to trade into it doesn't trade through it It just hits it And then we found the strength afterwards and we're still finding strength right, so Uh, if that's the case Okay, now we just had a little double top in here And we didn't find too many buyers up here so, uh You know not finding a whole bunch of buyers in here. So back and forth is looking pretty good Okay for euro dollar here So that that probably coincides here pretty nicely with the uh with the s and p Uh, let's see. So, uh Yeah, you guys are talking about rhythmic there. Um Yeah, yeah, they're rhythmic You'll have to go inform yourself more about it. Um, there's um, uh, you know Many exchanges that they do connect to including urex And ice I believe Uh, there's there are different feeds. You can they're you're gonna have to look look from from rhythmic All right, and uh, let's let's look at the the dom as well and uh, a few other questions in here. Um And rob's question here It's looking for sweeps Okay, so let's add that on Yeah, this is what I was kind of looking at earlier. Um I just want to let me clean up the charts here in terms of the structure kind of changing a bit in here We're looking at that five minute chart candlestick chart. We're looking at this here So we're looking for buyers down here, right? So maybe a move back up to here or back up to where it dropped from here Was kind of the scenario And we're kind of waiting and watching for that And uh, you know, you can see it dipped down even further here, but look at the strong buying coming back in And so, yeah, let's let's see the move unfold now into 50 and in 52 here, uh, and And that's it for now. I mean, we'll see if we can get a more buying up above 52 into 55 Okay That's that and uh sweeps, okay Sweeps indicator comes with your global plus subscription. Hold on. Hold on just a minute here All right. Sorry guys. Just uh some other things there had to had to Deal with um, okay. So what we got the sweeps up, uh, and Let's use the auto mode here minimum price levels as we'll input to And what's your question rob Yeah, so context in here for for this, uh rob and how to use it. Um It's very similar. I you know, I think it's very similar to the stops in icebergs That uh, uh, you you know, you you don't have the precise data. Um, that stops in icebergs gives you But um, uh, it it kind of mimics the the the same thing Right and we can verify that in here. I'll use both to verify it here. Um, and um, Yeah, let's see these. I'm still looking for these buyers. We still haven't gotten back up above 50 yet Uh, we've rotated around a few times pretty pretty dark in here. So it's just kind of bashing around uh, but We have a nice potential little kind of trap right here Uh buyers still still support it here at 47 and a half And now let's see the order book really light up here On the bid and if it doesn't and it's not and we're finding sellers Okay, so another move back down into maybe 45 and a in a in a half or a quarter here So, uh, all right. So let's look at maybe, um sweeps compared to stops All right, so you can see that An order book sweep in here. Here. This is good. This will be a good example okay, so order order book sweep in here, uh at least two price levels and um We can see the move higher here and the pretty big sweep here Okay, and uh, and then our stops started actually Uh, right here Right here the stop run started right here as you can see the red line here Okay, uh, this is the best offer here this red line, but then the other red line is a little bit brighter Is the uh sweeps uh stops and it started here. So, um, you know Someone came in started to sweep the order book higher here um, and then Uh, we had some stops triggered and a good one Uh, a really good one. Okay, 461 uh, and uh Yeah, here's another order book sweep in here Okay, and then the next transaction. No Still went back and forth in here and then it started to sweep again here really popped a bunch of them here so You know, it's it's kind of it you don't you typically see Usually you see the sweep kind of begin here and then the stops really don't begin until maybe here, you know In this one like they the stops got triggered kind of early on And this is this is a huge stop run here to the upside And that was data that was the um See, uh Right. That's what we're looking at over here. This was the uh, consumer. Yeah, yeah the consumer um sentiment from University of michigan Okay So anyway, um Rob, I would suggest like looking at the um The sweeps in in the similar fashion here. You can kind of see like the book sweep uh, and um You know, it'll identify that for you. You can kind of read how many Uh, but look about look around the levels at that point just just the same way we do with stops Like it's a stop run, but it doesn't who cares the event is the stops Uh, the stop run the event is the sweeps now. How does price react to that afterwards? Hey, so in fact, let's Not show the transparency in here hold on It's getting a little messy. Oh, that's good. Oh god. Where is it? I guess it doesn't have it. It's the stops and icebergs that i'm looking at. All right Let's just turn that off Okay, yeah And let's just move this one up a little bit more Yeah, so anyway looking for kind of significant, um Book sweeps and then want to see what how price accepts around some of those areas Okay, or rejects Okay, because uh, uh, some of these some of these sweeps Uh, a lot of times in a trending move I mean like you'll you'll see the sweep but you'll see a pullback kind of retest where it came from sweeps again Pullbacks to where it it came from sweeps again Uh pullback in this case a shallow pullback here Uh to uh a high volume Cluster not to where it dropped from or a structure Okay to the high volume cluster and then Again another sweep or another move lower here and the sweep was down here in fact And then that's where we found the trap in here. We covered this Okay, so lots of selling buyers back up above that area Okay, and and then uh Here's another one here. Here's how you can start to you know gain some uh some insight here Here's the sweep Now these these guys in here Uh, look at the buyers back up above Okay, so looking for it to trade back up to maybe the 49 and three quarters All right, so it took a while but it did it Uh, and then broke out and then sweep to the upside here Okay, uh, this is kind of where we left off. We're looking for the move up into this this 52 uh, and then potentially back up to 55 or or 57 and even 60. Okay. High liquidity up here at 60 All right, so we were looking for now see see how we can kind of align these things Our higher time frame And I'll I'll get to the the dom in in just a minute, but our higher time frame. We're looking for a bounce here Hey, we don't know what the order flows, but we're looking for a bounce here because of the structure So right around here, right? 46 and a half or a quarter some somewhere around in here So We looked for the scenario here Trended to the downside still continued strong Uh, and then finally we uh, we we got the uh the move here I'm sorry this one here It was this move okay, so Uh, this move to the downside This was our our area like somewhere around 46 or so in here And we drew up the uh structure And then now we have our trap Okay, so this this will kind of should help solidify a bunch of points. Here's our trap The buyers come in and move it away from the trap Okay retest back retest back it never went back down here It squeezed to the upside instead and that's what we were looking for 52 Okay, and then we want to see up to uh also here. We we mark this one up here. You can see the line here Hey to uh 54 or 55 Okay, so it's already traded to 54 Okay, so we were looking for that one Okay, and uh, yeah, so uh Let's see if uh, I I imagine we're going to get uh You know, especially from uh some insight from dug there as well Uh, this is just trading back to where it dropped from for right now And we don't we don't know if um, we're still going to get uh more buyers in here and try to Uh bigger picture here would be a break Uh, and then a move maybe on the hourly chart Maybe it continues to squeeze up into some of these areas up here. We talked about earlier Hey 38 80 To 82 somewhere around in there Hey, there's also this little area in here 70 Hey, these little wicks in here Okay, so we're seeing buyers in here. We've got our bounce now. We're trading back up into here Okay, but Also, we this is where we found some sellers uh previously And so maybe uh, we'll trade back up here And then maybe it goes back and forth in here for a little bit Hey different scenarios in here if if we think it's going to go back and forth. What are we looking for in here? Well, not not too many buyers in here Okay, so um We're up to our 55 level already Okay, and the swing is up here around 57. It looks like Where did we find our sellers right right here? We just tested it Okay, so I would assume we're going to find more sellers in here At least to at least to pull back to here 52 and there it is There's a sweep as well Okay now after the sweep Let's take a look here. The sweep is also a stop run as you guys can see Okay, we can verify that Okay, now if we can get buyers back up above Back to 54 and a half 55 Okay, this is a low volume pullback right now. So let's see if we get more sellers here No Nothing not not one It's just continued on up 56 Imagine we're going to find some sellers here look for a pullback here to 54 There's 54. Look at the offer Okay, so we're we're see how see how we can read the structure and then look for the order flow to A scenario in the order flow to unfold That's exactly what we're looking for Okay, then after that now Well, I don't see many buyers yet Okay, but that's what I'd be looking for to see if they can come back up here to 56 if they can't Then continue on lower down to here where these where these buyers came in we already we just tested that Maybe they can reach back down here. So rob there's there's your sweep And there's kind of a little bit of a trap in there and the move back up Okay, so we were just looking for the move back up to 54 and a half or so here We got it up to 56 and then we're looking for sellers again to pull it back to 54 and a half Now I know this is all kind of looks like hyper scalping in here It doesn't matter though. We can zoom out. We look at the higher time frame this move here Okay, rob I'm going to take the sweeps off if that's okay. Did I answer your question? I just want to kind of make the chart a little bit clearer So we just went through that back and forth in here. It's no different though on this time frame here Okay, so, you know, we're looking at these ranges retest to the range, etc Okay, okay, good Yeah, so, you know, I think um Uh thinking of it as you know an event the sweeps Uh and and looking for big ones not not small ones. I think uh, and you can use that that filtering tool with the aggregation or What is it called here the? Yeah automatic mode, okay, uh, so you can filter for for them and use them on on You know, you don't have to constantly adjust it. It'll adjust kind of automatically Okay, we're back up here again back up to the high Okay, finding some buyers Okay, this could be another nice nice see the selling in here They're they're they're gonna be placing their stops up here And now they're shaking in their boots now watch the stop run here watch watch the move up into like 60 60 liquidity up here Okay, here's our stop run. There it is Okay, still want to see it come up to 60 Okay, so going through a lot of different concepts here. I'm trying to keep it simple I know that it sounds kind of complex, but we're just identifying the orders in here and the structure Okay, and if we can get up here, we're no we know that there's going to be some stops up here So we're we're looking for that to unfold Okay, so it it it did a huge stop run here 200 and something uh, and um And it didn't we didn't find more buyers above it though yet here we go now Now it's looking pretty good on the bid pulling on the offer Finding a few buyers great. Let's see the move continue to 60 Okay, see see how this is much much clearer See how they're they're it kind of helps us guide us here Uh with the push higher here Uh with the reaction to the liquidity in here right Okay, and uh potential momentum here as well starting to build Okay, now, I don't know if these guys are going to stay in the order book or not if they're going to pull But it's a flip of the order book Uh, if we get enough buyers it's not going to come near them then It's going to come right up to 63 Okay, so you see how they're this guy here doesn't really mean business he flipped but he's like Ah, no, I'm not going to be a buyer. All right, so So anyway, yeah, we can see the uh, we can kind of look for that scenario that played out pretty nicely here And then we didn't get our buyers up here really We're looking for continuation to 63 just lack of buyers and and and see how these guys don't mean business in here You we see this a lot at when it starts, you know going up to loftier levels Uh and breaking out from uh, uh, you know bigger bigger ranges I was going to cover something. I kind of forget like this is such a nice move here Uh Maybe it was about higher time frame You can you know, you can capture these on higher time frames too. It doesn't have to be like, uh this scalping back and forth We're just covering it on low time frame so we can go over many many examples in real time Because that's really how you can learn Uh, no, uh Doug we're we're just about to release the uh email about omni feed So i'm gonna i'm gonna hold off and maybe talk about it next week Yeah, I'll let you guys kind of follow up on the in the email first Um, I think that might be best I did want to go over god. I'm sorry Did not go over the um, uh dom at this point, but let's do it All right dom pro And let's bring that up Um, this is such a nice nice dom I really like it Guys at fintech visuals Did did a really great job Okay, and then we came in and kind of you know made some changes and enhancements to it Uh and still have more to do too to be honest okay, so Is there anything in particular like I don't know if I hope that um, let's see who is asking about it uh Yeah, her hirani was asking about it. Um Anything in particular you want to go over About reading the oh about setting orders in here. Yeah, okay, so we can we can cover that. Um Yeah Guys, you know, this is a standalone So, you know a standalone pops up in a new its own its own window in here You can have it always on top Or auto re-center um And and this allows you to Create, you know, all sorts of different correlated markets to look at those You can look at your book map. Well here. I'm just going to kind of cover over the uh previous Columns here and use the dom here Um, but you you could also like look at just one column in book map and then have the dom instead Okay, so um Yeah, yeah dom pro is already available. You can it's part of global plus Uh, you just need to subscribe to global plus and that makes sense too. I mean you can't trade unless you have global plus So, uh, uh, you know, what what good is the dom and if You can't really trade from it Unless you're trading from like a stream deck or something whatever Uh, anyway, yeah, you hear what you need to do is like, let me show you some some, um, reference materials About it. I think that will be helpful to start with Okay, so first off Uh, go to book map.com I'm just curious to see if we can get this breakout again. It's looking pretty good Uh, not not as good though. Not as easy as this was over here Right. See see how it's dark in here We're not seeing support on the bid so watch, you know, we can watch and see if sellers try to drive it right back down here again You know retest this area here So, okay. All right. Anyway, let's get back to this Uh and try to cover it pretty quickly. We'll get we'll we're gonna look exclusively at the dom as well That doesn't really matter. I just want to show you, uh, pricing here Uh, scroll down. You'll get the dom pro As part of global plus here as well as execution pro All right, uh, and then go here go do more go to the knowledge base A knowledge base is our our kind of go-to area here You're in the user guide section in here. You can go to the add-on section here And you see dom pro and execution pro here So you can click on that you can go through here. We have a video Uh, and we also have though, um, a, um Uh a youtube page here or on our youtube Was it under special events? No, here it is. Yeah, I put it under features. All right So it's it's over here under features and components click on, uh view Uh full playlist here it is on the top Execution pro overview dom pro. Oh, I'm sorry. That's the smaller the shorter videos. Let's go to special events again Pretty sure it's under here or did I put it under streaming live recording streamings? Yeah, I might have put it down. There it is. Here it is here. Okay, so Uh, I'll put the link into the chat for you Okay, this is like, you know an hour and 40 minutes long Uh, we go through all the details with Daniel. He's on the call We'll do we'll do it again as well Uh, so that you guys can really learn about it Here I'll put it into the uh discord channel and then into youtube here just a second Okay, here's the link in youtube for you guys just make This a little bit smaller here So that the dom can cover it There we go. All right, so Uh, anyway, uh setting orders in here. All right, so this is what you need to do Uh, you will need to first open up the book map trade control panel. Okay, there is one in here as well, but uh Uh, it really doesn't uh Work from it. Okay, so that might be um Uh enabled in the near future though or in the future Uh, so what you need to open up your trade control panel All right, so that's step number one You need to select the size that you want to trade uh as well You can have bracketed orders selected if you like or not. It's up to you Um And there's some you know, uh, interesting uh functionality with the execution pro and bracketed orders, which uh, I'll Refrain from and but we'll go over maybe uh In a um in a in another webinar Okay, so you want to start setting orders you set orders here Okay, so from the bid here for example, you want to be a buyer Uh start setting your orders here on the bid. Okay, you can see them also here in book map You can move them around all I did was left click on the on the bid here All right, and that's it Okay, now you can move them around here just left click hold and drag Uh, and you can move them from uh here on the dom Or because I'm in both up here the mode Okay, if it's from the chart I can only trade from the chart if it's from the dom It's only the dom or both. Okay, so I'm in both All right, so what that means is like I can also move them around in here if I want Okay All right, so that's uh limit orders left clicking in here. Okay now you'll um Right click on the order here Uh at this area to delete them. Okay, so in the ob section here which stands for order buy Okay, so uh Uh you right click on them to delete them Uh if you want to set a buy stop Okay, you're going to right click up here All right, so there's your stop limit right there And that was that was the question uh that um That someone had right so we're going to right click on it here to delete it Okay, but you right click in the bid column. Okay, or the ask column. Okay down below though Okay, we right click down here Oops, I'm sorry. Um Yeah, there we go So we right click down there. Here's our buy or a sell stop limit. Okay understood Right click on here It's pretty simple. It's pretty straightforward How many guys are using the the dom? You guys you guys like this I think it's amazing. I mean the execution You know the the feedback I've gotten is that the execution in here is is It's awesome. Uh It's extremely fast Yeah, I mean it's extremely fast in book map as well Uh it's the same same thing of course, but like uh Uh execution off of this is I've I've heard that is superior to to other products Like quite by quite a bit And it does it has to do with precisely the way that book map. Um Is able to process orders Okay with the efficient Efficiently process orders So I'll I'll tell you why uh because other doms out there. Um Yeah, they may they may look really good, but um When volatility picks up there there's going to be aggregation Uh and uh and and latency And you're going to get slipped And you get slipped all over the place if you're starting to hype if you're trying to scalp at a high level Uh, it it'll kill your performance The dom is it I'm connected to mbo data here. Uh, but um It's um The um Uh It's not showing anything special here in mbo. Okay, it's not it doesn't have that kind of functionality Okay, the mbo Indicator bundle is uh on the chart or sub chart in book map Yeah, we're looking at the es here caro Anyway, there's some really cool stuff in here, uh as well to be utilized with The execution pro Uh, so for example, we we covered it here, but and I you know, I have to preface this You have to this is something you have to study on your own. Um the um Uh There's this uh, uh feature in here for Um the vwap trading. So you see this little white line in here right now. It's enabled Uh in the execution pro Uh, I I want to play around with this some more It's enabled right here in execution pro. It's showing a 30 second vwap and then it resets Okay, so if you want to scalp like, uh, you know, maybe an extreme back You know in the range here for for a scalp Um a move away from it and then a move back to the 32nd vwap Right, so, uh, you know, you want to you want to be an active trader Boy, here you go You know or the opposite you see buying off of the vwap here looking for the move outside of it up into 64 up here You know something like that Okay, so and then look at the order flow to support these ideas though So if we don't see even in this small range in here see in here at 61 or so you don't see them bidding up If they start to bid up a little bit underneath here the move to 64 looks You know much much better Yeah, here's a little bit They just showed and now they just pulled So anyway, you know be careful with this. I mean you'll have to study it. Um And uh here here we go on the bid a little bit more Let's see if we get our buyers and then the move to 64 I mean it's really hugging this even this 32nd vwap right now this is kind of uh We're close to the european close And we're not getting much action right now Okay, the offer is really starting to hammer it here though And we haven't seen sellers though In fact, we're getting buyers interested in it anyway Wanted to show it to you guys Uh, there's all sorts of reset tools in here Yeah, alec that your your voice is heard. Um, we're um You know, it's in it's in the product uh, um road map there uh for um Uh, you're looking for scale scaling. Um, um You know functionality with the bracketed orders Yeah, I mean you can kind of mimic that right now already as as you guys know uh so that uh, uh, you know You know, for example, do you um Just place three one lots uh And then uh, then you kind of move them around yourself Yeah, yeah, no, I hear you guys Uh, yeah, thanks rob. Uh, yeah, Doug. It's a good question waiting for the this dom to functionality for um for stop for stocks as well Yeah, this dom is is is great Uh, right now razor. It's only supported by rhythmic and cqg. That's it. That is it So that's a very good question So even if you have like omni feed, which is just coming out or if you even have, um Uh Dx feed for futures. It will not work Yeah, good good questions there Uh, dr. Moo moo like that that's something in terms of strategy You'll you'll have to kind of figure, you know, whatever however you want to use it. Um Of course, I mean this is this is the tool, right? It's like the artist with the paintbrush or whatever you you know the woodworker with the carving tools Uh, you know now you've got the tool you need to come up with your style your strategy It's not a cop out. I you know, I know I know what it always kind of sounds like that But it's really true. It's like, uh, you have the tool Now you got to get proficient at it It's like, uh Look at the bid here. Do we find buyers? Yeah, we're starting to all right great Let's see them move it up to our 64 that we were looking for earlier Okay, this looks better right much better that we should get the move up into at least up here 63 and 63 and then I I think it can bust out into at least 64 I mean look at the strong strong bid underneath here Never bored with this market. Yeah, exactly It's a pullback. It just came up to the top of this little range here and it's pulling back But still it's a low volume pullback So far at least Bit is strong And they seemed that that they want uh, now they pull okay All right, so that's all bets are off now on that Yeah, I mean, uh, that's something you can look for too I mean like, uh, european close and i'm thinking that they probably want to get filled I I was thinking but You know, they they all pulled here So likely likely the same algo Very very very very likely two different ones One pulled here and one pulled here Yeah, thanks ty. Um, well, not only do we have the dom here, um, as you guys know, we have the the columns in here We can look at that with your min and max sizes Okay, so you can put these next together, uh as well You know a lot of traders like that view Yeah, these are really, you know, um You know high-end professional tools here, uh, and we're going to do more and more Right execution pro and and uh and dom pro So you got all the tools you need basically All right, guys, let's take a look at the higher time frame here Covered a lot of different things and and you know like in terms of order flow readings We had a few nice ones Uh, and then just a lot going through lots of different scenarios and a lot of them played out Some of these scenarios in here, but the reading just wasn't so so great From the trying to objectively read the order flow It's kind of been like that this this week. Um Uh every now and then we we we had a few pretty simple reads. I thought so, um Anyway, uh making a distinction though between those that look better and those that don't Uh, and you can see how they play out. I mean it was so much easier, right? Like this breakout here and this move here We saw them underneath here. We saw the buyers come in. We saw the trap already set here So this was a pretty easy move up into about 60 Okay, and then we thought it could go even further Um, maybe up to 63 And that that liquidity in here and it it did quite a bit of selling coming in here. So it kind of Muddies the the bigger picture here to be honest. Uh, so, um Don't really have a higher time frame read at the moment on this Okay in here There's a lot of selling in here now And it's traded up to some of these areas in here our bigger picture though. Let's take a look Okay, so if we look at uh Yeah, so we're looking at our bounce off of here which we got we saw that and we were looking for the move higher here Which we got Uh, and then up here though. Um, well It's okay I do I do like the hour chart here We're coming up toward these wicks here uh, so There's still momentum From the from the buyers in here Right, so I would still I'm still watching I'm I have more of kind of a A bias here And we'll look for that scenario To support this higher time frame analysis of more buyers coming in to trade back up to 68 Right around yeah 68 and then maybe even up to 81 82, you know, somewhere around there Okay for today because this is strong. This is strong a strong move here on the hourly chart it's just The five minute still it's kind of back and forth in here and The daily as well is we're looking for these wicks up here that are kind of 70 or 80 82 level Okay, uh right now though. I just don't see it in the order flow. Okay. There's a lot of selling in here Uh, so but uh, we look to see um start to draw up your structures Okay to support it so we had our structure here and our breakout here, right So and it's still within that structure And just not seeing much right now Uh, this is back and forth Mark Regarding the dom that yeah, I mean some people really prefer it. Um, they like the kind of clarity of the of the price levels Uh in the simplicity of it um Yeah, I mean I I kind of prefer the heat map myself I know where the orders are and I can see the history of it. That's the most important thing For me is like here once these numbers change. I don't know what's there In the heat map though. I know what they what they did It's all recorded. They can't escape it So yeah, I prefer it, but uh You know, there's a lot of traders that use the dom All right, and they and you can look at multiple ones and have them all lined up and you know one one screen filled with just just uh Uh, your price ladders Yeah, tie you might want to give it a shot. Um, you know, you want to uh download book map and give it a shot for like a month or so Uh, see if you like it the the desktop version Uh, just just due to the uh the add-ons that you're going to get Uh to you know look at You know try to get more insight the The stops and icebergs is it's You know something that you might want to check out as well But you you will certainly with like at least with global plus you'll get uh A lot more add-ons than you will with the thinkorswim version All right, and see see if it works for you. Uh, just note that you you'll also need to get the the data as well Yeah, that's uh, that's the nice thing about thinkorswim is the data is included Okay, but um, you know the data the data is uh also kind of Keeps it kind of held back as well a little bit because it's not mbo data Uh, yeah, sure, uh leon you you you want to look at the vix. Um That's off of uh cbo. What is it off of? Um The exchange but I know rhythmic connects to it. So um Yeah, you can look at the vix futures I think I have access to it. Uh, hold on just a minute No, I don't uh, maybe I do in dx feed. Hold on Yeah, so that's how you get it is through uh dx feed though So if you if you have rhythmic, um Instrument is not a lot. Okay, so I don't have it actually but you can get it, right? So, uh There you go is through dx feed And you'll have to pay extra for it Just to get the vix And then you can you know, you can connect to uh, what trade station and interactive brokers From that and trade from uh from book map or this dom pro as well all right guys, well, let's uh Let's wrap it up. We'll call it a day. Uh, this is uh kind of slowing down here and We see a lot of selling coming in but again, we're we're still, you know, looking at that bigger picture in here Uh, and I would just love to see it test up to at least this 67 uh swing right here the swing from uh, uh these wicks on the hourly chart And then I would love to see it continue on up Into the kind of 82 uh area 80 to 82 area up here Uh, and you know, it's got the potential to do that today, so Keep your eyes open that would probably be the primary scenario Uh for today, uh to take a look at All right Okay, so, uh, looks like I did I lose you guys for a minute there? Can you hear me? Oh shoot Sorry guys. I lost you there for a moment Can you can you hear me now? All good. Okay. So that was weird. I've never had that happen in discord Okay, all good All right guys. Have a good weekend everybody. Uh, let's wrap it up. We'll uh See you on monday next week and uh one note here. Tom B will be back on in the saddle Following these webinars every day So, uh, it'll be monday through friday Uh, and uh looking forward to that Uh, it will be um, he's cutting his hours back though Uh, I think we've all been rather spoiled by uh, uh him putting in tremendous effort Uh, you know three hours or four and a half hours a day basically Uh, uh to now uh three or To an out it's going to be more like an hour and a half a day All right, so uh just like these advanced webinars. It's just he's not on today. Jeff, but um, uh, he'll be in uh next week All right, so uh, yeah, we're uh getting that going again. So good stuff Uh, have a good weekend everybody and we'll we'll catch up uh on monday