 All right, good morning traders and welcome to the bookmap all markets webinar with Bruce I'll be your host here. We'll go. All right. Good morning traders the markets in All markets in general here, but going through the order flow at a high detail so that We can understand and utilize order flow for our trading to give us an edge all right, so Risk disclosure general our general disclosure all bookmap limited materials information and presentations are for educational purposes only should not be considered specific investment advice nor recommendations the risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Passive forms is not necessarily indicative of future results. All right, so Jumping right into the order flow here And looking at the SNPE mini look at the bid Look at this just below 4550 here. We just had some data at 10 a.m. Consumer Confidence But look at the really really strong bid here. This is great to see Look at the reaction to that strong bid So let's just kind of zoom out or kind of think bigger picture here On the way down in this structure since before 5 a.m. Here East Coast time and now it's just after 10 We see the market moving down trading to high liquidity into a bid down in here in this area And then the market opens here at 930 and look at the bid even before then even before 9 pretty strong in here And now we're seeing the reaction to that bid here Okay, so where do you think price is gonna go in general? And this is not, you know Any sort of like trade strategy or setup or anything like that, but just understanding order flow Okay, well, we're looking forward to at least come back up and test into some of these highs here Okay, the swing high here around 56 or maybe up here at 60 Okay, we're we want to understand not only the strong bid here We want to understand the strong reaction to it and that reaction would be buyers Okay, and we're seeing that in here. Okay, so we've already come up to this little swing right here Looking forward to go up a little bit higher And then up here at 60 in this liquidity up here looks pretty good Okay, the market's already traded up there Previously so it can come back up here again as long as we find enough buyers Okay, so it would break out of this area here. There's a lot of volume in this area here Okay, so we're just looking for the test initially up to top of the range here And that would be this range at this 56 and a quarter 56 and a half some something like that And just based off of the order flow we're reading in here now, and we never know But it's it's a strong You know move or reaction to this liquidity Okay, so we're already getting a pullback here To where it just broke out from this is where I would look for buyers to support it We do see some here at 52 some liquidity And that's it's not a whole lot though But we're looking for our buyers now. Okay, so here we had a retest down here We had sellers come in went below this little swing. We have our high liquidity here We had this retest here as well And a little bit of selling a little bit of selling again now we're looking for buyers here at 53 and a quarter Look at the bid now. We're looking for buyers to lift it up into this 54 55 area Hey Well, they they don't they didn't come in at all in fact the sellers go right after this 52 liquidity Interesting. All right, so we're still hanging in there with these buyers though And what if we get a reaction like this? buyer oops buyers back up above this 52 and a half here now That's the scenario. We're looking for so green dot here That's what we're looking for And now this is the first scenario that will go through. That's what we're looking for on the buy side the opposite scenario would be looking for sellers and That's kind of an odd one The sellers would have to come back down into here and we have to see some pretty strong selling To to do that. Okay, but you know you may and if we do we'll see it happen in here right around this 51 and three quarters and And then we'd look for the move into previous swings here But the liquidity is down here on that strong bid at 49 Okay, so what two scenarios that we're looking for here Okay, I Want to mention if you haven't already Take an advantage of this. We have our black Friday sale here With it's the last day of it. It runs November 23rd to the 28th. So if you are interested then Yeah, please sign up here click on go grab the deal And that'll take you to this page here And there's two different deals to cover. Okay, one is for everybody or monthly Subscribers to book map right now Free digital users or brand new to book map You can get book map for three months at 50% off All right, so this deal here on the left with the 50% if you scroll down here You'll see more details about it in All right, and then this one over here is if you're new to book map Now this one applies to new to book map completely digital free subscribers or previously a subscribe to book map You can get the 60% off for the first month only. Okay, so it's up to you If you want to try it again or you're brand new and you want to try it go for the deal This is your chance to save here like I said in the past few days We get these questions all the time about are there any specials well now there are All right, it's the last day of the special take advantage of it now and Try book map for three months or if you qualify here for the first month discount of 60% then Scroll down a little bit further and then get that deal here, right? so that's want to cover that and Give it a shot, right? Now what had unfolded here in our scenarios? Well, it looks like a little bit of volatility here actually both kind of unfolded Okay, so we can see we're looking for our buyers in here. We actually started to get them here That that move is is rather muted. This is really kind of odd to be honest No follow-through on that move very very strange Then we come back down below here and we do get our sellers And then sellers again a little bit lower here. So we've come back down into these swings here The high liquidity though is still down here between 48 and a half and four and 49 Okay, so yeah, not not seeing a whole lot of interest yet there yet and Just it's really very choppy because due to this strong bid And this strong move here in the volume We're just looking forward to come up and test the the highs of the day For this cash session and we didn't even get that Hey, so there's some selling interest in here is what is telling us, right? So Yeah, don't be surprised That the a lot of sellers would come in is basically what the order flow is telling us right so Anyway, we're back right to that same area here And there's a lack of buying right now here And let's see if we do get by okay, so we are getting our buyers now All right Not a whole lot not a whole lot though Okay, if we get a retest back up here and we see more buyers We're also looking for that bid to support it We'd look for the move back up into our 55 56 areas weird order flow really Typically this move we look for this move to unfold especially when we saw some on the bid right here This is where it looked pretty good to me Okay, and then we went through the scenario actually we looked for it right in here due to that bid And it didn't unfold really Kind of kind of odd behavior to be honest So market is very choppy is what it's what is telling us Let's continue to watch this here. All right. So now we've had an auction here a few times I think now the buyers Have it We just we've auctioned here a few times like here and here Also got that move up into here. So now Since it has auctioned up here Okay, that scenario is is more likely then that we can get the buyers up here in the move higher Okay, so looking for it Okay now We're not getting too much out of the order book supporting underneath here Hey, but if we do Then we're definitely looking for it. Well, it's much more probable that we'll get our move higher here Okay buyers, let's see it Let's see it. You've got everyone on the run that's down here So we are looking for this up into this 56 or 55 56 Okay, so now this this is where things get a little easier. I think When reading order flow Okay, so the reason that we are now we were now looking for this to unfold in here And why it was getting a little easier It was because we're reading and and leaning on The previous activity in here that didn't didn't make too much sense to us in terms of the order flow And now we can identify the trap traders though And the trap traders are in here And also in here and a little bit in here the red the red dots they also in here Okay, and now we know up here that we had the auction out here up here a couple of times on the buy side is building on that auction in here and We know we've got these guys on the ropes here So they will need to cover we do get our stop run here up into this area Okay, so this is where it became easier in here Does this make sense to everybody? in reading this order flow Right because once we start to understand some of these elements in here in the previous behavior the reading and the scenario for this to unfold to the upside becomes clearer And that that offers us an edge Right, so let me know if you have any questions on this And let me double check here in YouTube as well as in discord Okay, Paul you're talking you're looking at spot gamma stuff in there and strong resistance. Yeah Yeah, I'm not following it. We're you know, these are other confluences to take a look at Uh, what we're reading first is the order flow and then and confluences can Be added into the picture for your setup. Oh, okay, so take profit. You're talking about one of the Features in here for the or one of the settings for stops in icebergs and And you want to look at the show stop runs only Okay, so I mean basically what that means in here is the That you're only you only want to look at the stop run Details here. So for example, if we show stop runs on the on chart here, right? We're looking at in here. Hold on. Where is it? I'm Aggregated show only stop runs, right? Okay, so It should show it actually should be showing here, so let me bring down the threshold though To zero and let's not show icebergs. Oh, I'm sorry. It looks like I'm Area here hold on a minute. All right. So in here And I'm not showing any stops right now. Let's take a look here. Okay, so now we got our stop runs and show stop runs only it it's that it's that the When we have this chain of events in here that It should we should see it in here Okay, so maybe it maybe it didn't give us a stop run now it actually didn't so that's why it's not displaying Okay, so what we'll find we'll find an example in here for a stop run only and it means that See see how all of these stop runs are taking place on one level only We're looking for when it is a book sweep. Okay a lot of traders. They just want to look at the book sweep They don't care about like a stop run for you know a small little area They want to see when it was the area was swept in an event Okay, so and This is really odd to be honest like all of these are on one level that that's this is really really odd This should be here's our here's a stop run. Okay, so this one here will show us it Well, it's only two levels, but this will this will display. Okay, so now if I Enable stops here Hold on a minute, and now I lost my place in here show stop runs only Okay, so note that see how it's not it is showing it here. Okay So this 287 if we look at other areas in here All of these stops in here They do not display because they're not like a chain of events that unfolded these 287 are Okay, does that make sense now? It has to be over at least two levels and the stop run has to take place over those levels That's how that's how it works. Okay, so you can see that in today This filter filter it out quite quite a bit Hey, that's not always the case And especially here and or here this looked like a really nice stop run to me This one too looks pretty nice here, right? But we don't see a chain of events. So that's actually kind of odd to be honest That's usually not the case when we're when we're looking for Our stops that they're all on one price level You know after all of this down in here and all this trap volume in here We only you know, we see a lot of stops triggered, but we don't see a chain of events in a stop run is odd All right Anyway, let's go over. I mean we we did this direction did unfold here And I think we identified the reasons why here We were looking for it earlier. It didn't unfold. We we came back down here And then we came back up here again And this is where we're looking for our breakout and the move up into 56, but also the swing up in here around this kind of 57-ish area 56 and a half Okay, and now that has unfolded All right, so and that's the move we're looking for right so This is where you may consider reducing your risk or taking your profit Okay, moving your stop up if you want, but on a day like today. I would not do that Because it's already pretty choppy in here And I'm just asking for Responsive sellers to hit my stop back into the point of control here Okay, so I was just looking for the exploration outside of the range here And then and then see what happens next. Okay. I hope that makes sense for everybody It's going through an understanding all of this behavior in here that gives us insight to the potential move here Now we thought that move was gonna happen here Okay, because this was really strong bid Reaction buyers we we did get the move up and above this little swing here, but we're looking for you know these bigger swings Okay, and we got a pretty deep pullback here But then we recognized that it is potential the potential we don't know but the potential is here for These sellers in here to be buyers on the way back up All right, so and then the move became easier and we noted it in real time because it's not that difficult to read Once we start to auction up here, and we see it again in here. We're looking for the move to unfold Okay, and we you know this one we caught we don't catch them all But we had our reasons behind it and then we manage our risk Okay, so how do you manage your risk on this one? Well, maybe your stop is down below this swing Maybe you're looking for this to work right away and your stop is just here It has to work. Maybe it's you know just below the POC basically because you're looking for this to move from the Most traded level in here to the outside and explore these outer edges of the trading range Okay, so if it doesn't work immediately Take the small loss look for it again And you can see here this you know if you got in here in one of these areas in here I didn't go a tick against you Right and you would have reduced your risk on the way up most likely All right, so just some ideas for developing your trading strategy This is what you need to go back and look at and retest And find something that works for you now We we we have a checklist to go through and we also have this continuation pattern flag pattern to go over Now this is kind of a variation of a continuation move I mean this was really choppy in here Hey, but we were looking for this move in here and we're looking for a continuation And we didn't get it and this became very confusing in here Then it started to unfold in here Okay, so we were looking for that continuation at that point And we're you know we can still look for it here But you know now we got to come back and reassess this behavior in here And how does this look for continuation to? Further outer edges here All right, so I hope this makes sense in here and reading order flow And starting to develop scenarios on where price might go Based off of this information Okay So Paul for example instead of looking at a A High volume node as being kind of a magnet for price to to return to you you are looking at a Gamma level on the chart okay from options trading And then that being Kind of a magnet to keep price in that area and you set around 55 so Yeah, it is just kind of it's up there at that 55 level and it's kind of exploring even further now So in your trading plan What you would be looking for is for it to pull away from This 55 level in here You've got to have some pretty strong buy volume in here All right, so you're looking for that scenario Because if it is going to move away from your 55 level here It's got to move away on strong volume Hey, because this is magnetic here for it according to the way that you trade Okay, so in the order flow what you're looking for Ultimately what you're looking for would be a strong bid underneath here high liquidity underneath here This liquidity up here would be pulling away from the market This liquidity up here. Maybe it remains maybe some of it pulls and in this area here and pulls up here as well Then what you're looking for is up at the top of these ranges in here Well, the bottom of the range is either looking for it to trade into this high liquidity in here And get totally absorbed by these buyers or you're looking for it not to test here and to exhaust out There's no sellers no red dots Okay, and then what you're looking for is buyers to come in Okay, so they would probably start around here and you look for these big green dots in here And it has they have to be big and they have to be green That's when you're looking for it to pull away from this area here of your Your spokane a level of 55 Okay, if you get that in your scenario, it is more likely to trade up into these areas All right, so that's what that's that's how you can Use your levels Together with order flow Yeah, so yeah, so you're going through your scenarios there of how the dealers might Respond etc. So there you go So look for the order flow to support some of these these concepts in in options trading and This is this is how you can really really build a nice edge Hey, you might want to attend a Doug's webinar also. It's on daily at I Think don't Doug's on it 130 z Let's double check here Yeah, you can go here to the more button the learning center from book map calm And then go down to the the events here okay, so Tuesday And options with Doug's at 130 daily at 130 so for an hour and yeah, he uses spot gamma as well as order flow in book map All right All right, so what do we seem so far? Well, not not much really to be honest like It is just hacking around this whole area in here We can look at market structure in here as well very very clearly Here's market structure. Here's market structure and Now let's read let's read within this market structure here this back and forth in here What does the volume look like? What is the order book look like? Okay, historically they started to come in here. I just set the peak of this structure And you can see some limit cell orders in here and just a little came in coming in right now Okay, what does the bid look like? Hey, well then there's just kind of these shades of blue in the in these areas in here It could be building though, you know, we're seeing a little bit more and a little bit more Okay, so maybe people are starting to think that this is You know pretty good value And they are willing to be buyers a little bit lower in these areas here Okay, what about the volume? What is the volume telling us in this in this range in here? It's pretty choppy Volume is not too distinct at all Hey, so, you know, we saw the strong move out Outside of the range and then it continued on up in here but You know if we look at the the Delta bars down here and we look at the Delta dots here in on the chart It's really Mixed so we don't really have too much of an edge in there by looking at the volume within this in this price range All right, so it's pretty equal Now if you guys want to use your volume, you can use cumulative volume Delta You can use your volume and balance indicators up here as well and zoom by drag in here And we'll just zoom into Hold on We'll zoom into this area here To current market and now that's within our viewable range and we can look at the volume In order book and balances up here. You can see it's pretty balanced by volume Hey, order book is showing more on the offer due to this liquidity up in here All right, so that's another way of looking at it and trying to ascertain Who's in control and volumize in this in this price structure? and another way we can use also CVD to take a look at and Let's just take the stops and icebergs off for a minute Okay, so in this whole range in here. Yeah, actually it looks like a little bit more selling than buying okay, because Here's where it broke out from So we can kind of look at this range in here and we see a bit more selling coming in here Yeah, in fact this move back up in here some some really nice diversions in in cumulative volume Delta okay now Absolutely not a trade recommendation at all on cumulative volume Delta. This is very very Just understand what your indicators do and understand what you're looking for and go through a scenario if you use cumulative volume Delta Because this can be really dangerous in here We're back up here to the the high and yet there's less buying volume Okay, a way a lot of traders look at that is they're looking for the sellers to curl in here and then just take this down Hey, however, it is also true that that's where you can get your Hold on That's where you can get your trap volume in here, right? and Your trap sellers all you have to do is get back up here and get buyers This this cumulative volume Delta gave you a poor reading All right for a divergence. Okay in this case the divergence is paying out You can see that those sellers did curl in here, right? They did curl in All right, so now we're looking for a move lower here Okay, so it's already at the bottom of the range here. We're still looking though. There's some good momentum here so looking for maybe Well, we have 53 as our high volume node, but maybe a little bit lower here around this swing here around maybe 51 and a half Or so somewhere around there okay Understood so we're looking we had our reasons for the breakout now. We have a reasons also for a breakdown And the volume looks pretty good on the sell side So still looking for it to go to the downside here a bit of a pullback Still more selling in this area though, and let's see if we get our sellers again in here and then the move lower 52 and quite a bit of buying just just popping in here It's it's making it more convoluted, but Still still looking for our sellers to try to upend these but these new buyers that are just coming in here See these buyers are trying to trade it back into the range here That's that's the battle that's unfolding here So who's gonna get it right? Who's gonna get it wrong? Okay, let's see if we can get these sellers or these buyers here upended See nope Fires back up here again top of the range of this little range No, no insights right now Due to this this buying that's coming in here and just looking for the sellers to take it down here And then this would be the trap volume And so alright well we can see what what unfolded here buyers are able to take it back up here Okay, now the trap volume is this selling in here Okay, so we're not only look we're looking for this to continue now to the upside the momentum is strong here Looking for our 60 level Hey, that this happened in an unfolded rather quickly This is why we go through the different two different scenarios in here and One or the other is gonna win in this battle in here And we can see it now, right? And and now in hindsight is really easy, but we're looking for it in real time And trying to understand engage What's happening in this little battle area here? We know once we get the buyers in here then we we're looking for a move higher here. Okay, so This is where it gets tricky with your trading we had our cumulative volume Delta We had at the top of the range we see our sellers come in we were looking for the move back down We thought 52 I looked pretty good Our liquidity down in this area here. Hey once you get the buyers back in here now It is the sellers on the hook here Hey, and then this kind of move can unfold here Right pretty strong buying at this point and really nice move here Anyway, it would have to be really quick on that and Once you I mean this is where a lot of a lot of traders like if they do get it wrong They'll reverse get back in and they're looking and they see that strong volume in here That's when you're looking for it to continue Okay, and it's hard because you're looking for one thing here to unfold And then you might have to kind of exit that and jump back in and look for the next the opposite scenario to unfold Okay, but the nonetheless the order flow was telling us here in real time. Hey, we were we mentioned it in here Somewhere around this kind of 56 and a half or so that 60s looking pretty good at this point and It's gone higher it's gone to 63 They're pretty pretty strong move and we're gonna see some really nice stop runs as well. Yeah Here and then nice nice one in here. Yeah, trading for living choppy and in dangerous but Once we start to see some one of these one or that one or One of the scenarios to start to unfold Then you know look for it and reduce the risk Yeah, I do have gold up. We can take a look at gold for the Z contract Gold to also strong move here looking for the continuation 33 20 33 looks pretty good Not the kind of strong mover out this is this is nice in here Really not a whole lot of buying in here right now So buyers have got to get back up above this 31 50 area here If we can get that then the 33 looks pretty good Hey, let's see if we get that And let's let's look for the squeeze up into 33 here Now see look at sellers fighting it still on the way up It's not not looking good for them. Right. It's just not not a good scenario here There they're selling they're selling they're selling more and they're just getting squeezed What a lot of these times though a lot of times what we see though on on these kinds of moves and the order flow is This kind of behavior right here. See this large seller that came in Hey, they'll come in, you know, maybe up in one of these areas here and they've had enough and they'll just they'll sell hard And then that will disrupt the order flow in here And you'll see this really quick jaunt back down into these lower areas here Yep, you're welcome Gold is rolling over to the February contract right now. Okay. Yeah, thanks Let's let's open that one Act Thanks, Louise Interesting move in here like if it's rolling over then then look at the roll over here guys. Look at this Look at all that liquidity in here People want to exit. This is interesting And you don't see that in here on the on the February contract No, you see the high liquidity up here so There's you know boy for any of you guys like that like to spread trade between You know calendar spread trade on roll over There's some some pretty nice things to take a look at and consider Yeah, there's not even want to take this on up here This this is a kind of big huge block of liquidity in here All right guys, well, you know, we haven't even taken a look at the higher time frame chart not even yesterday Monday and Tuesday typically we look at it a Monday And get a sense of the same ideas and concepts here in the order flow But on a much much higher time frame. We talked about first principles yesterday or Friday in Friday's webinar because it was a you know, half day Marcus open for only a half a day and We were You know covering just understanding these markets From the first principles of understanding what makes the market move And what is the market made up of? Why does price move? Etc. So it's about the orders It is about the order flow That we want to understand and that works on not only these small time frames at the most binary level between someone wanting to buy and someone providing liquidity to to by selling to that buyer But also on the highest time frames, it is the same process. It's just a lot more data And so we can look at our candlestick chart here on the left is the daily And then the hourly in the center and then on the right hand side, we have our 15 minute All right, so what here here's our interesting move here in the s&p. Let's break out On the 15 minute chart And we can not only do we fill the gap here? We've come up to the top of the range in here now The same idea that we're looking at earlier in the s&p on smaller time frames Top of the range is looking for some profit taking looking for sellers up in these areas for just a bit You know, this is a really strong move here Hey, maybe we just get a mild pullback and maybe we come back in and we find more buyers willing to take this higher And when that's to what we will determine in the order flow in here Maybe because yeah hourly looks pretty good, too You can see it not very nicely came up into this kind of range up in here And then we're getting a little bit of a sell-off here a little bit of pause but Bigger picture is look at the momentum here in this daily chart Also the hourly in 15 minutes not really telling us that but The daily looks pretty good and we know what this is made up of in here. Hey Well, fundamentally we had FOMC. We had non-farm We had CPI data here on this candle from a couple weeks ago So some really bullish data and therefore we've tested up in the top of these ranges here Okay, and now we're trying to read and understand the daily in here Where it might be going next and it's been kind of choppy Hey, so we can even read the strong move Chop in here strong move some chop another move up But it's been it hasn't been like one of these strong breakout moves here Okay, so we're not we're looking for The potential for that strong move again However, we can see that things are slowing down here Okay, so maybe, you know, we're looking for kind of a choppy environment for for a bit and Maybe on the hourly we come back up and test some of these swings up in here Before we get any sort of strong breakout move Well, I mean ES01 if you're looking for a trade calling room in here Or recommendations, this is not the right place what we will go through is the order flow And so that you can understand Where you might think is a good zone for You know you to buy gold or to sell gold Okay, so we are covering those things in here But it's it's it's not going to be a trade call out Or a recommendation it will just we'll just read the order flow very objectively All right discord guys. I'm sorry. I haven't spent much time over there Let me jump back and see how things are going See Rob you're talking about some Yeah, looking at your checklist your checklist should be helping you quite a bit Rob. I imagine Which is great Yeah, absolutely slow down. I'm the the checklist is something that will help you Stay away from a lot of Mediocre trades or bad trades. Hey, you know that and and that's a really really Important point and what you're what it what everyone's talking about here is this checklist if you go here to Studies configuration or in configure add-ons There's the checklist here setups checklist now. This is only available to you guys right now and The In the bookmap Academy This is the only way you can get access to this right now. It's not public it so Anyway, I can show you where you can find it in the bookmap Academy and Only Academy of members have access to this but so, you know, if you're if you're interested join the bookmap Academy and and You know, you can get access to this checklist as well as market pulse and And others trader map pro is gonna be the next thing All right, so just scroll up here and in the Education Library here go to bookmap Academy and You'll see the checklist here Click on it here and you'll find the download link or market pulse as well Click on here and you can download it as well. In fact, I wanted to go through the market pulse stuff with you guys today So let's let me continue on with the Questions and then I'll get to market pulse Nice Stan. You got the trader map pro going excellent Rob, it sounds like a certain to resonate with you some of these looking at some of your your concepts in here Or I'm sorry some of your setups in here, which is great So Rob, look at this one in here strong move shallow pullback Do we get our strong move again in here? Hey, do we have high liquidity at this higher level in here? Absorbing not so much absorbing in here. In fact Rob, I would say like For this flag pattern. Okay, what we're looking for Now this is kind of a bigger picture flag pattern in here potentially Which makes it a little more convoluted as well because a lot more can happen in there You know, maybe it comes down and gets filled in these areas down in here before moving back up. Okay, but Consider this like the the default for this setups checklist is a flag pattern. That's what you're looking at in here This is derived from the Learning center on book map. So if you go to book map calm And then you you click on the more button and you go to the learning center Here and then you go to strategies and setups of course here And the flag pattern in here It is it is based off of well, it's the third video here this checklist is Duplicated over here in this in this app And then you can grade it and you know, whatever you're looking for in here check You got your checkboxes, etc. Right. So now this is what I want to cover in here So, you know identify trap traders and develop scenarios on where price might go for the first impulse move Then you're looking for that impulse move on that impulse move. You're looking for a steep Large price movement with strong relative volume that pulling that market. Okay, and then You're looking for where the potential next measured move might come And absorption of high liquidity I'm sorry where that measured move might go and absorption by high liquidity on the opposite side So that would be This area in here in this this area in here a high liquidity Right. So see how this like what I'm about to cover in here would have kept you out of this as a potential Continuation pattern here What I want to cover is the the minor pullback In here and then this bidding liquidity here. So You're could because you're looking for liquidity to bid up or you're looking for exhaustion okay, and This is what I wanted to cover the same concept in here of understanding trap volume down in here like we we covered Hey on your flag pattern on the pullback Also look for that So where would the sellers be trapped in here? Well, it's starting to develop now Hey, so maybe this is the sellers trapped in here. Maybe this in here Hey, so what what do we look for then? In in maybe above this little area here. This is where we can look for really big buying To now lift that market again higher and we have trapped traders that will fuel help fuel them move to the upside this continuation move so on your flag pattern on your small pullback in here you can look for that Okay, identify again the trap traders Okay, so it's basically the same concept but now you're looking for that again and look look here come our buyers, right? so now we're looking for a Maybe a stronger bid underneath here bidding up Hey on the on the bid with higher liquidity here And we want to see you know some of this liquidity starting to pull Up in here. Hey, we're not getting that yet. We're not there Okay, let's see if we get it here Let's clear our drawings here for a minute Okay, so we're looking for the bid here looking for our buyers and There's a little bit on the bid It's not much But we have a nice trap in here with these sellers in here. Just looking for our buyers. Here we go Okay, so let's see now buyers if you should be up. You should be able to take this a bit higher here We need to see a bit more Buying here, and I think we can get our get our move here If not, we're gonna we're probably trade right back down to about this area in here A lot of times we see that On this kind of move here So a chop back back into kind of this little range or maybe high volume node here Before we get enough buyers to break out Hey, so Anyway, the point is though is to look again for that trap the trap buyers or sellers And in this case, these would be the trap sellers here Okay, whereas in here, we didn't have that necessarily maybe a little bit in here Maybe a bit. Hey, but not enough And we have to we have to pull back further note the pullback as well See this cluster in here in this little back and forth before this another Extended move here, and that's where we came to Hey, you can look for these things and structure in the order flow and High liquidity getting filled through that area here retracement back into this area here and then Identifying Who maybe got it wrong here now looking for buyers to sweep it higher here and These sellers in here having to cover on the way up All right, so this is the same concept that we talked about in the flag pattern in these videos here By identifying the trapped buyers and sellers and that we see Yeah, and this in these little areas in here And the in the consolidation here All right They got a chew through this 66 and a quarter liquidity here, and I see a pretty empty bid right now So sellers can can bring it right back down to this kind of 64 ish area here So it's not ready yet Order flow is telling us that okay look at the offer look at the reaction to the offer You know looking for just a quick move down into here. All right, let me get back to some questions Caddy, which is more important to watch bubbles or liquidity It's both is the context between them that you want to understand is that relationship between them Which is literally the relationship between buyers and sellers It's passive buyers on the bid With limit buy orders or passive sellers on the offer with limit sell orders Hey, the buyers in this case are down in this area here. The sellers are up in here Okay, the reaction to this liquidity in here Is what we want to understand so You know what you can see like high liquidity coming in right now, and what are we finding? Buyers they're pulling here. They're they're still kind of bidding up underneath here So now we're looking for buyers here right now, and maybe they can trade up into here All right, that is the context we want to understand Okay, it's the relationship to the orders here So they're both important. It is the context though. That is the king and you know, we're we were looking for it These guys see how they're staying in the order book here though, and not enough buyers are trading into it So, you know, it's not ready yet We're not looking for this to unfold immediately now Based off of the the reaction in here now. It's still may You know, we still may get just a ton of buying pressure all of a sudden we don't know But we can see that there's a lot of selling up here kind of a wall of sellers in here Well, we need to find a ton of buyers that overrun all these sellers in here, and I don't see it yet Right, so we're not really looking for it right now So this behavior here and then maybe trading down to this liquidity here makes sense Previously they're pulling here. They're adding here. We're finding buyers. We're looking for it to test up into here Now we're not Okay And then you can see we've already moved down here. Okay. It's the same idea on all time frames and when we zoom out Same idea. That's why we studied we started off this webinar is look at this strong bid in here Okay, and we and and it was at 10 a.m And we were we started the webinar in here. We saw a strong bid They're pulling in these areas here, and we're finding buyers. Yeah, we're looking for it to come up at least to here at 56 And test this swing here the 930 cash open And then then the next area would be would be up here around this 60 ish area. Okay, because that's where the liquidity is And it took a while. I thought we'd get it here. I really did We had to pull back. We had to pull back deep and then we read this in here And this is where we read the trap of The sellers in here and this is where we read the buyers and this is where we're looking forward to test here And potentially higher Okay, so it's just reading that in here that and then finally identifying the pieces of the puzzle in here for that move Okay, and then in here Well, we got a little trapped in in cumulative volume Delta and looking for the move lower which did unfold I Thought we'd get a move into here 52. We didn't the buyer circled back in They started to show a lot of buying pressure and then that's when we're looking for our 60 level Okay, so that was a little tricky and then right now. Well again We've covered another strong move in here Hey, and then shallow pullback, but just not enough trapped volume in here not enough like You know, it's a shallow pullback that's good But didn't really have a lot on the bid And a lot of absorption on the bid So this move is not shocking And in fact, we're kind of looking for it and then we're looking for the potential of upending These guys that sold and then looking for that the move to the upside here again Okay, which is now starting to unfold as well. So our buyers did take these guys on here Hey, so do they still have more buying pressure? I'm not seeing it. I'm seeing sellers Hey, so sellers will probably move it back down to about 66 And we can look at maybe another structure in here. Hey You know something like this Hey, bid looks good actually here. This is new new news here And he's starting to pull actually so be careful on this all right so Yeah, still just looking at that context caddy up in here All right, we're finding some pressure, but And buyers did take the these limit sell orders on There here they are again coming back. Well, all right So they have enough here to trade into and through all of this liquidity. That's a lot Right and they're right here at 67 and and three quarters some transactions just took place Hey So not enough. All right, so it looks like a rotation lower. So I'm still looking for is a 66 level here to be honest Not enough buyers up in here Okay, so we're looking for sellers to try to trade it back Maybe even like 65 and a quarter or a half And then maybe a retest back up here and more buying pressure after is traded back down here Okay, I mean, that's what we're reading right now I'm we're not seeing enough buying pressure to take this on and trade into and through all of this Okay, so now now our sellers are you know, maybe mean reversion traders or you know back down into Some sort of structural mean area here in this case, this would be your High volume node And maybe to the other side of the range maybe down into this swing here Right shake out a lot of the buyers up in here that are stuck All right guys. Well, I want to go over a couple more things in here the We've been going over the market pulse tool a lot and have developed some really nice scenarios out of that very worthy of studies traders like Slowdown Jack Crash f6 f16 especially Have been really utilizing this tool to their to their advantage I want to go through more because there's a lot more to go through with this tool the In fact, let me add absorption and sweeps in here And and on the S&P and then we'll we'll cover some more as well. Let's put it into automatic mode All right guys. So is it is it surprising that we move down here? Because we couldn't chew through this liquidity and we didn't find enough buying pressure All right, so in fact the sellers took it to the opposite side of the range here And maybe they get they still have more selling pressure to take it further and what we'll find out Guys, is this making sense? Understanding the order flow and some of these edges in here looking at structure I mean trying to keep it really simple. It doesn't have to be complex. It doesn't have to be this really Convoluted math problem It's really just simple supply and demand that we're understanding Hey, you know, it doesn't have to be this beautiful Pattern or anything like that is the buying in here couldn't trade through this area here look for sellers Look for where it might go to trade with buyers on the bid The yeah, let me know. I'd love to get your your insights or feedback here So now we've traded into this area now we can match this up with the swing down here right here This little kind of move away from here And this is actually where we thought the trap sellers would be right in through here And we did see that and in the move back up in here and now we're still looking for that move to go higher in here We traded into this here. We got the pullback And then we're still though, you know looking for that pressure pressure that buying pressure To to move this higher and then in here. We just didn't see it That would tangle with this liquidity in here. We look for this move back down Now I'm looking for another retest back up here to this 67 and a half but Just kind of recapping some of the things we were looking at and some of the moves we were Potential moves that we're looking for Let's see out right the with market pulse what I wanted to cover in here and I had to add sweeps and absorption the The other tools in here Which all of you guys I know there's been some issues you've had with market pulse Yesterday those should all be cleared up now Hey, so just go again to that discord channel and In here Into that that library And you can you can download it here now guys if you want to download this And get free access to market pulse. You got to be in the bookmap Academy for it That's just how it is right now you you get access to these tools before others do all right, so you can play around with it and Try to develop an edge for it here Yeah, so Stephen you've been playing around with the market pulse as well Anyway, you'll see it here bookmap Academy under the education library click on this and then here Is these links are they're still valid. Okay, so this is to the beta here for market pulse as well as the beta here for The checklist setups checklist right, so and the new The stops or I'm sorry the sweeps and absorption if you want to look at that with market pulse you can do it now No problem with all the one all the links that that are in there Just use the current Absorption and sweeps, you know, you'll see it here when you manage you when you go to manage add-ons You know if you and you'll see it in here if it's available for installation And just install it and you're good to go. All right All right. Anyway, let's go over the Let's just get rid of some of these Recreate a new one here. We'll look at the S&P And we'll go through absorption first absorption Inbalance, let's do that one and now I've got to select my instrument here. Let's click on it here I'll select the S&P and then deselect Apple. This will work on stocks as well as crypto Okay, and then let's bring the volume down and let's click play And what this will show us here is the imbalance of the absorption indicator This is an indicator working upon an indicator. This is what we call broadcast API So the API from the absorption indicator is We're getting a reading off of that here in market pulse. So you can control your market pulse based off of the absorption indicator right and It's going to spit out the readings here in the sub chart now the way to use this tool and understand use case scenarios in here is by back testing it. Okay, so look at the Outputs we're getting here where we get extreme readings on the buy side here of absorption and on the sell side in Hold on. It's reloading here And the sell side here, okay, so We had buy absorption here not bad not a bad reading in here or output Okay, so it actually pulled back and you can see absorption of 215 contracts on this pullback in here This actually gave some really good insight Okay, so they're buying here on the bid is Being absorbed here 215 contracts in in a very very short time frame and then we see buyers up in here That's where we're looking for this to move Okay, so look for those things here We have not only we have we see order book sweep and absorption here on the buy side Right at the bottom here. Well, that's that's perfect timing Okay, so looking for buyers to curl back in and take it back up to the top of the range Okay, and and then we see we should it would be great if we saw some sellers up here On this one here. We don't you could probably get it if you You know play with the settings a bit. This is a bit you can see we're getting very few outputs here So you'd have to play around with your Either your market pulse setting here or your absorption Indicator setting so in fact we can lower the Training period here and we're gonna get more outputs and market pulse for absorption. No, I'm sorry. We won't we won't Because it's gonna be based off of the absorption indicator so Yeah We got to go to the absorption indicator first Okay, so let's go back there and We will need to Go to the absorption indicator here And then we have it on automatic right now. It's on quite a few But let's just take down the Multiplier here, and we're gonna get a lot more output now Okay, and now you can see see how the broadcast API is working here Okay, we have a lot more output here And now market pulse has a lot more outputs as well. Okay So look at this move up here. No absorption All right. Well, do we have absorption in these areas down in here? Yeah, do we have it here? No, I would have loved to have seen it here because if we do I'm looking see how we're up here again We talked about this it auctioned up here. There wasn't enough to chew through it now there potentially is Hey, maybe it needs one more little rotation and then a breakout here But it is auctioning again. There is still buying pressure here Hey, so it's getting ready is getting ready for for Breaking out here. All right, and we don't we don't see high absorption up in here. Well, that's pretty odd Okay, so well if we if we don't then You know we have the potential for for the breakout here whereas we did get high absorption reading here actually on the bid That's that's pretty weird All right, let's see it buyers. Let's see the bid. I want to see that bid come in. I Don't want to see this on the offer. So you don't want to see that we want it. We want to see like a Buyers on the bid and these guys On the offer say well, okay, actually, I don't want to sell now up here We want to see them pull it away from the market and we want to see them Pull away and add higher and then we're looking for maybe 45 70 here Okay, let's see if we get a flip of the order book here. They're on the offer here Now we're looking for them to pull flip to the bid side get our buyers in here and get our breakout up into 70 Or maybe 71 here a high liquidity up at 71 Okay, the bid the bid is adding a little bit here the offer is up higher though. So that's good Let's see it buyers Start buying and we should be able to lift the offer up into these areas here No, they the sellers came back in And now the buyers are pulling here So we're getting kind of a this is turning into a battleground here now It's also the European close is coming up So, you know, we're probably gonna see a little bit of back and forth in here Even in this European close, I'm still looking for these buyers actually to I'm looking for this scenario as being more likely To trade up into this liquidity here I'm still looking for that scenario even in and Confronting the European close here just seems like there's more buying pressure. They can continue to auction off up here and they continue to be here on the offer accepting the other side of the trade but Just looking for more and more buyers and want to see these guys pull now on the offer There they go. Okay buyers. You've got it here. You got the bid. They're pulling. You've got buyers Let's see the book sweep. Okay. Well, that was short lived Look for and maybe another rotation back up though and was looking pretty pretty good in here and It would have been better to see this book flip. We didn't get the book flip But you know, we're getting another rotation right back up here Okay for buyers here and Still looking for it still looking for it. There's still auctioning off up here and Yeah, just want to see this pressure up in here there see now look at the bid now see the bid See our buyers see them pull here. This looks better. So we're looking for our 70 and 71 This was actually pretty good example in real time Guys like we because we talk about it all the time That looking for that book boy, it looked better in real time as well. It's hard to kind of show here Um Once a once we okay, so we were looking for it here. Where can I find it? Yeah, we're looking for it actually in here Then some back and forth Looking for it here looking great didn't get it Rotation right back in the bid now we have a strong bid. This is something to lean on They're pulling on the offer as well and we're getting our buyers here. That's when we have something to Lean on as Something more probable to as an outcome to the move higher Okay, I hope that helps we saw it in real time. You guys have the recording of this so we can go back in and study it but This is where reading that order flow can help you okay, and you know Understand some of these moves and why they might unfold or be more likely to unfold Okay, we also covered in here. We covered several moves today, and we also covered some of the market polls here for the Absorption in this case absorption in balance We can also add the just absorption in general In market polls in here. There's another one. Okay, which is which is not in balance here It's the one up here and then we'll us play So here we're gonna get our output and it will show buyers and sellers in here Yeah, there we go So it's spitting out two lines Looks like it's similar, but there's actually two lines in here You know one on the buy side one on the sell side You can see it in here in the in the settings right right in here the buy buyers and sellers percentage Okay, we just had high absorption up here now that that makes total sense That we should see high absorption in here because there's high liquidity in there Okay, so anyway two different outputs here absorption pressure absorption pressure in balance as well We'll cover the sweeps on Friday And one more thing though on market polls. I do want to show you guys So let's actually take the absorption sweeps off and This is important because I think you'll find it really really helpful here is by looking at we'll create a new one here and we'll look at Let's just say volume volume pressure in balance and note here On the we selected our algo here and then here we'll select our instrument Note that RTY is selected here Right. Well, let's actually select more than than that. Well, we don't want RTY selected Let's actually deselect it and select the ES here. Okay, so now it's just for the ES, right? We're gonna get our volume pressure in here, right? So here's volume pressure for the ES and here it is in market polls All right, so if it goes above here, it you know, this was buying pressure this is selling pressure below the threshold here of 70 percent whereas red and 70 percent on where there were more buyers here crossing the threshold What we want to cover is the multiple Markets that were instruments we can select. This is really great so Let's suppose we want to look at volume pressure of The Nasdaq the Russell and the ES We can do that and Now it's it's reloading it here, okay, and it's selected now these three instruments here and it's is outputting it as one kind of Synthetic instrument market pulse instrument here So, you know, if you're looking for your extreme values now And you're seeing it across three different instruments Well, maybe that's a good place to take some profit then This is something to take a look at and back study again Back test like look for where you're getting these extreme values And can you fit this into your strategy or your test your Through your testing here this This feature here of multiple markets works not only on volume pressure Hold on a minute. This is a little loud Okay, we're hearing volume pressure again And the buy side Okay, now let's take a look at this here. Okay volume pressure on the buy side three different futures markets here index stock indexes But into high liquidity Okay, if I get it now though and I hear it now that's a little bit better than into high liquidity Then I would look for another continuation and sweep into 71 and 72 and a quarter. There we go There's an there's a nice book flip guys right there See that and a stop run as well Okay, again, I for me this is telling me That this is a good it's maybe a good idea to take some profit up here Okay, because we have a stop run We have extreme market volume pressure And It's across three different instruments Okay Now market continued higher here Okay, but there's some there's at least reasoning For managing your trade that way Okay, so and then you know look look for other opportunities in here Anyway, I just wanted to show this feature with the three different Or you can put in multiple markets in here or volume pressure for also for order book pressure You can do the same here We'll go to order book pressure and balance and we'll continue to stick with three different markets And you'll see we'll get an output on that this is reading the order book pressure now And not the volume pressure so that the the the other side of the trade All right, anyway Yeah, I I wanted to take some time to cover this with you guys because um, uh, this is uh Something that you know, we are playing around with we are finding new use case scenarios with this as well and uh The um You know get it in your hands see what you guys think Uh, and uh, you know give us some feedback Um and develop some strategies, uh out of this Uh, all the tools are here. It's like giving you clay or something So, you know, you know make your sculpture out of it. Uh, basically, uh, so, you know, you you'll find, um What works best for you? Um Jack slowdown Crash f16 and others have already done this to a pretty high degree. They're looking for something very specific from their Their market pulls outputs Okay, and and that's that's uh, it's it's really nice thing to kind of pass on to you guys So that you get free access to this And and to play around with it before others do Beautiful. Yeah, look at this example here. Here's here's crash is uh example here, okay um Volume pressure imbalance down into this low lower level here This is the pullback that we were just looking at and then we were looking for our buyers in here Now we covered in our our um Uh or crash covered his uh set of the way that he um, you know Works with his setup Uh with this tool so he's actually looking for Um extreme readings and he's actually getting in a very small Uh leg down here And then legging into it more, uh as he's looking for this continuation move Okay, that's his way of managing the trade, which is really nice because at that point, uh You know, your risk is very minimal down in here Uh, you don't have any uh, well his only reason is uh, it's in an uptrend and this is a severe pullback Which is good. Uh, there's also liquidity in here, which is good Uh, but we don't know how much selling pressure is here Uh, that's why he's only getting in one contract or maybe a few contracts here And then getting in a lot more and leveraging it once he sees the direction here right, so um a really nice way of trading uh, and uh, that's what's working for him, right So, um, yeah, I would encourage you guys to play around you get free access to it So, uh, play around with it and try to find something that works for you Uh in your trading, uh, and um, uh, we're giving you the tools to do it. All right, so um, Put them to use It's my Couragement Um All right guys, well, let's wrap it up. Thanks everybody for coming Hit the like button if you you like this kind of content, but we'll go over more and more And we'll meet up on friday. Uh tomorrow we have jay trader. He's going to go through stocks on thursday We have scoppelsini going through futures and him reading the uh, uh stock stops in icebergs and with his very um particular method and gaining insight From those larger players and retail traders So thanks for coming everybody and we will catch up with you, uh on friday then. Okay. Yep. Thanks. Halloween. Okay. Thanks everybody. Bye. Bye