 Okay. Good morning, everybody. Can you hear me? Okay. Good morning, everybody. All right. Yep. Sounds good. All right. Thanks, Louise. All right. Welcome to the All Markets webinar. This is Bruce at Bookmap. We'll go through order flow analysis using Bookmap and look for opportunities or setups, potential edges based off of the objective reading of the order flow. General disclosure, all Bookmap 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 involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. All right. Let's jump away from that and over to the S&P E-mini. We can look at any markets like it said there. You guys let me know. I just wanted to go through a few pre-market trades here. We're going to do more of this so that you guys get a feel on not only reading the order flow in here, but trading it, how to find edges in it. Now, you need to have your own trading plan. We'll go through the order flow and lead to many different ways of trading with Bookmap. No problem. Just ask us. You'll need to find something. Now, we do have the, I'll go through a trade in just a second, but let me show you where you can find a lot of information here. We're adding to it, especially this quarter. If you go to bookmap.com, you click on the more button and go to the learning center here. You'll see in here getting started course, a market mechanics course, strategies, and setups course. This is what we're adding into. These courses are finished. We've had them for quite a while. I mean, this one we've had for years. I highly recommend that you watch at least part one of this course here to understand the mechanics behind the market and reading the order flow within Bookmap. The strategies and setups and then also trade management in here. So we have this one on flag pattern or continuation pattern in a diagram form, what it looks like in Bookmap here. And then the third video is on, the most important one, is on the execution with a checklist here. What are you looking for? All right. So let's go through it. Let's look at some of these trades. So here, it was a pre-market. And actually, I want to let Rob know about this. Rob had a video that I just commented on and wanted to go through actually some more on it. And that was Rob in here. I don't think Rob's in here. Yeah, I don't see him. Anyway, the important thing, there's Rob. Okay, good morning. And that's funny. I don't see you in the listing here. All right. Well, it doesn't matter. One of the things that Rob had mentioned in one of his content pieces in the Bookmap Academy was the, you know, he's looking for opportunities and he's looking for them. And it seemed like at the here and now, which is important, is very important. There's something that's really critical, though, the here and now is based upon the previous activity. Many times it is based on the previous activity of the players in the auction. That's what's important. So we're leaning on that previous behavior in here. So for example, in here, this is what I saw. Well, we see this move to the downside. We see another retest to the downside here. This is a strong move here. There's a lot of volume in here on the sell side, the red dots and the size of the dots tell you how much is trading there. And it's a pretty hard sell-off. But we come back, we retest here. We don't find sellers. We start to find some buyers. Now, once we get above this order flow, especially right here, we can start to see a change here. And you can see a retest there, in fact, right into that area. And then look at the order flow above it. So here, now we're starting to see there's a lot of buying coming back in. And now this is pre-market. So just keep that in mind. And so I was looking for, and I got in a little late on this, but I was looking for, I saw the same thing here. All right. So what I'm looking for is here, this to rocket to the upside. All right. And this is what I did in here. These were my actions. All right. So I'm looking for, it's not necessarily, it's a bit of a flag pattern in here. And I want to show that the winners and losers here today, this was a loser. All right. I got in way too late, but I did have some reasoning behind it. I saw the strong move in here. Now the flag pattern is actually pretty much complete here, to be honest. Here it is here, or this continuation pattern. I prefer to call it continuation pattern, to be honest. This is it here. We have this little back and forth in here. And then it completed the pattern here, basically. Good morning, Caesar. Caesar, great job. You're really off to a great start with your Bookmap Academy and content in there. I just wanted to let you know. I know you got some really great feedback from Slowdown last week in the meeting at, on Thursday, Market Close. So anyway, I saw this here, and then I saw a pullback to this area here. All right. So let me get rid of some of these here. One minute. All right. So I saw a pullback to this big transaction here. And that's where I got in. Because I'm looking, I know that there's buyers in here. I know that there was buyers previously in here. So due to this and leaning on this kind of move in here, I'm looking for the continuation. And I'm looking for it to come up to here. All right. Now, I put my stop loss here and my take profit up here, or first leg, actually. So I got in twice. So, yeah, I got in here. Okay. My first one on the pullback. And then I saw buyers come in and then I saw this in the order book. So I got in a second leg in here. All right. So I'm looking to take some off up here. And then front running this high liquidity up here, not looking, you know, not looking for a big, big move here, just looking for something kind of equal around this measured move here. Take some, some off and then look for a runner here. All right. Now, I had my very aggressive kind of trend uptrend here. And we like that in this kind of pattern. But we didn't get continuation. It broke. It retested this trend line in here. So I'm still in it. Okay. Still in it. And then I took a full stop here on both. Okay. Now, this is something to learn from in the trade management. Right. And the, the full stop is at an area here. Now, I have my reason I put it below the swing here. Right in here. And, you know, maybe, maybe I should reconsider that a little bit, maybe a little bit lower. I would have been stopped out for a bigger loss if it was just a few ticks lower. But, you know, a lot of times what we see in here is the move down into here. And just a very, very quick move. And then the buyers do come back in. Right. Now, this is what I saw. And I was looking right at it. It was during a meeting, but I was looking right at it. I saw a shift in a change in here in the order flow. And I decided not to get in. All right. So we see them pulling liquidity here. But I started to see them adding liquidity in here. Okay. At that, at that time, they were, they were starting to add in here. See it. See it right in here. This is what I noticed. And I thought, well, then I'm getting in here. Okay. Right where my stop was previously. And then I decided not to. And it's looking good here. Now, what I want to mention is here is the power of the order book. You know, when you see these kinds of things, this is where it just gives you that good feeling. And, you know, it, it, this is one of the confluences we look for in order flow. And this is an edge using book map. As we see that book stacked on the bid. Okay. There's a lot more coming in here. And we're finding buyers. The reaction to it is buyers. And we know we're in an uptrend. And we kind of pull back to this area here. Okay. So I consider getting in here or here. And I thought, well, no, you know what, I'm not going to add the risk in here. And I'm just going to let this one go by. Okay. So I did. And, you know, in, in hindsight, what I learned from it was, like, you know, you really look for your, your goods, your, your A plus set up in here. And when you start to have the book on your side, you really have something more. All right. You have the pullback, you know, the strong move is in place. And then you see the buyers starting to come into now. They don't all work out. Right. Another reason I did not like it here was in that flag pattern that I mentioned to you in the, in the learning center. Okay. Here in the learning center, the, we're looking for a pullback less than 50%. Okay. No greater than 50% for sure. And this was more. So I wasn't quite too sure. So I let it go by. I'm not going to add the risk and get a bigger loser out of it. Okay. Now in hindsight, look at it, you know, it was, that was the time to get in. No doubt about it. And it was a nice, nice trade opportunity. And it would have finished one of those measured moves. It didn't quite come up into these areas here. Now moving forward as we went forward, then I saw another opportunity in here. And I was kind of careful on this because I've already been burned. And this was right before the open. And I do not usually like getting in right before the cash open. Okay. Because we don't know what's going to happen at that cash open. What I did lean on though, was all of this previous buying in here. And I saw all of this buying in here. And it's like this to me looked is again, it's a late entry in here. But it's looking pretty good to me for this going higher at this point. They're starting to, there, I know there's liquidity here. So it's not a plus. I know that there's the book isn't so stacked in my favor either. But this buying is pretty strong. All right. So that's what I was looking for. All right. Now it, it, it struggled here. There was high liquidity. And this is right before the open. So a lot happens in here. And you can see high liquidity coming in, high liquidity flashing in here, high liquidity flashing in here. It all traded. And then you can see at 930, it broke to the upside. Right. And then I got my take profit up here. Okay. So this is where I got in. This was my stop. And then this was my take profit. Okay. So it, it, and then another thing to note and take forward from learning about your trade management within your setup and structure, where did the pullback come? It came down to the bottom of this range. Now it could have come down to here as well. And I would have been stopped out. I got lucky on this one. And, you know, I was leaning on these things. I had my reasons. But, you know, I didn't get stopped out. All right. And this made up for the loss from the previous activity in here. Okay. But, and this is important too about, this is a little more trader psychology. Don't worry about the previous transactions. All right. So what you're worried about is not missing your setup. Right. So look for your setup and look for something that's higher probability and you have to take it. You don't know what the outcome is going to be. But it is your setup. Right. And you know you have an edge using your setup. Okay. So that was in the, I wanted to go through another trade example in here. And you can see that, you know, the momentum continued. We get a really steep pullback here, but we see buyers come right back again. Another really steep pullback here, but buyers come right back in. And now we're above the figure here that it tested at 4750 and it's above it. Okay. So still looks bullish to me. In fact, here they come again. I'd be looking for this 55 in here to transact. I don't see the sellers coming in yet. Now this is not a trade recommendation. We don't do that. Right. Now what else do we have in here? So we have all this buying in here, but do we have the order book on our side? No, we don't. Right. So we look for that. We also look for maybe we get a steeper pullback here into one of these little zones down here. Before we see buyers start to come in. Right. So we're just going to reduce the risk in that sense. Okay. All right. And then we'll see if we get some sort of entry, a potential entry down in here. Okay. But we want to get that order book on our side. And not, you know, battle with those traders. We know that we have the aggressors on our side. We want to get the passive traders on our side as well. They skewing the order book and then trade up into this high liquidity up here. All right. So anyway, that's what we see at the moment. And just wanted to go through that trade example with you guys quickly. All right. Let me see if there's any questions over here. Okay. Okay. You're in, you were over in YouTube, Rob. Okay. Yeah. Well, that kind of leads off. I do have another trade example to go through with you guys, but I just want to also cover something Rob had. Good morning, ML. You want me to go over a book in balance and quote delta? Sure. Someone was asking, I don't know if it was you, was also asking about the strength indicator. I don't know if you're in here. Let me check over in YouTube. Bap. Yeah. So a trading plan like, you know, I have my own specific criteria. Absolutely. In fact, you know what you can do in book map is you can, there's a free add on we created in here. Very basic thing, but it can be really helpful where you can put your criteria into it. Okay. So it's called setups checklist. It's right here. Right. And here you can, you can upload it's a CSV file and upload your own criteria. You can see it here, right? So you, you check the box and then you can grade it as well. Do I have this component? And then you, you give it a one to 10 score in here. And then down here, you, you know, you see your, you'll see your average score. And like right now it says, you know, average is, is five here, seven plus three divided by two is five. So, you know, it says look for eight or above. So I really encourage you to use this tool or something like it to look for your setups. Okay. We've got another trader. He's a book map academy coach, Slowdown. And I want to show you what he does in here. And I think, Slowdown, I wanted to talk to you about this. I want to adopt this. So I love it. We have a setups checklist in text. Look what Slowdown does. Okay. For us visual traders out there, all you visual traders, this is invaluable. He knows exactly what he's looking for. He has this burned into his memory. This is his Wyckoff spring setup. He's looking for this here and look at it. Look at this. Look at the target here. Look at it here. I mean, it's just, it's just, it's picture perfect. His beautiful stuff. This is his setup. This is what he's looking for. This is where he's looking to enter. And this is where he's looking to take his first take profit, or maybe all depending on how he wants to manage it. Okay. So I would implore you to use either something like this or the text or both. Okay. It's a very, very powerful way of knowing exactly what you're looking for. Rob, you may consider it as well. In fact, Slowdown has, what he did, which was quite nice was he, you can see it here in this one here just a minute. He took the screenshot from the, it's not as nice as his, but you know, here's the setup and the flag pattern from the learning center. Okay. Now he's got both in here. He's got the text and he's got the image. He knows what he's looking for. And then look at the result here. All right. So here's your consolidation. Here's your leg one. Here's your pullback. Here's your leg two. This is what it looks like over here. Okay. So here's the big volume dots. Here are the big volume dots. High liquidity in here. High liquidity in here. It's picture perfect. High liquidity starting to add at a higher level up here. Your entry point in here, I believe. Big volume above. Yep. For continuation. And then, you know, looking for that continuation here and target. All right. So keep this in mind. I think it will really help your trading. Okay. Now, Rob had talked about in his video in here. He likes to go through videos in his content in the Bookmap Academy. And I just want to show you that. Hold on. Bookmap Academy. Here it is. And so Rob was going through here in a chat, like his content here. I'll bring it up. And, you know, he's just, he's going through looking at this, looking at that, and trying to make heads or tails of things in here. And I just, I mean, he's really trying. He's really looking. He's really studying hard in here. I just want to mention, like, you know, you might not get anything. A lot of times, you're not going to get anything. And that's fine. You know, just know what you're looking for. And if you don't see anything, you know, that's just the market at that time. Right. So, and now this depends on your timeframe as well. So, how do you want to, you know, handle that? Like, what timeframe are you trading? Like, you could probably find a flag pattern in here easily, easily on a specific timeframe. Okay. So, keep that in mind, Rob. Like, you know, I think the best analogy it's overused, but I think it's still very apt, is a hunter. You know, a deer hunter sits up in a tree all day long, waiting for deer to pass by so he can take a shot. That's, that's hunting. All right. So, you, you wait for the game to come to you. It is the same, I think, in the markets. You wait for your setup to come to you. Right. So, you don't know what the market is going to give you. You don't go chasing around. Like for, for deer, boy, I hope this analogy works, guys, or makes, makes sense. But you don't go running around on the ground, you know, taking shots at that thing on, you know, something on the run. First off, the deer is going to smell you, is going to, you know, or smell your scent and it's going to, it's not going to come near you. All right. So, that's why you're up in a tree and you're waiting and you just wait. And it's the same here. Okay. You wait until it makes sense to you. You know what you're looking for precisely. You've studied it and you know you have an edge and then you take the trade. Okay. So, that's it. Right. So, let's take a look at this here. Strong move. Pull back. Strong move. Let's see. Now, do we have the order book on our side? They have high liquidity here. It transacted though. Okay. So, yeah, I'd still be looking for this. I'm getting kind of, you know, weary or leery of this now. But because we've seen some pretty strong moves in here and we're above our figure, but nothing right now. We're getting a little bit of help in the order book as well here. Okay. So, if now I would handle this differently, if I got in here, which is a horrible entry, I'm managing this very aggressively. And I'm looking for this to work right now. Else, I'm taking my stop at break even. And I'm most likely going to get stopped at break even. Okay. And then what do I think about this up here or 60? You know, 59 or 60, where should I get out? Yeah, you know, I'll see. Like if I see a big red dot come in here, I would probably just hit the exit button. I'm not really looking for too much out of this. Okay. That's how I'd manage this one. All right. Because it's, I don't have all the pieces in here and that's, it's, it's a variation. And maybe it's not a good idea. But once you see enough of your setup and what you're looking for, then you can start to, what is it called? You know, like a comedian. You can, I can't think of the word all of a sudden. You know, just go on the fly here. Let's see if you guys are sure you can help me out on that one. Oh, why can't I think of it all of a sudden? Anyway, we'll take a look here. Improv, improv. Exactly. Thanks. Thanks guys. Sorry about that. Yikes. So, yeah, you'd improvise. You know, you're not looking for something great out of this. So, you know, or you have to be kind of careful. And, you know, this thing has been moving and moving and moving. So until it kind of tells you something else, then, then, you know, like manage this very aggressively. That's how I have dealt with it. And just because I've been just run over so many times that, you know, I get in, oh, it should do it. It should do the measured move, you know, and it doesn't. Right. So you'd have to, you know, kind of improvise a bit on this and look for something that maybe makes a little more sense. Okay. For the moment, for this scenario in here. Now, you can see it's ending up doing what we would have liked to have done. But look, I would have stopped this out here at break even as well. Okay. All right. I hope that helps. One more. I can go through NASDAQ, a quick trade here in NASDAQ. But I want to also show that. Okay. There it is. Okay. So it's already showing. Okay. Now, this was not, this was a scalp and a little more active on the trade management in here. Again, strong move, pull back. Okay. Looking again for, and a horrible entry. Again, I should have been in, you know, somewhere, somewhere in here, but I saw this kind of strong move again and a pullback. Okay. So I actually got into, and I put my, you can see I did not get, I put one at the top of the range here. One take profit at the top of the range. Okay. Because, you know, I wasn't too sure about it either. So I know that it's likely going to, likely going to probably trade up to about here or here, top of the range. So I put one of my take profits up here. It worked out immediately in my favor and it did not take my take profit here. It tested to it and, you know, I'm still waiting in line, did not get filled, pulled all the way back. I'm at a loss now. I'm still in it though. I'm still managing it. And then it did hit my take profit on leg one. Okay. And then I still have another one on. Okay. In fact, I got in another, I scaled in here as well. So I had two on again. Okay. Because I know strong move, pullback, again, strong volume. I'm leaning on all of this, you know, strong volume in here. Okay. Looking for the move up to here. And then I take my profit. Okay. Because of this strong volume in here, I'm taking my profit up here. That's it. That's all I'm looking for right now. I don't know if there's going to be enough above that area. And in this time frame in here, I don't care. That's what I want to take. I took it, I moved my stop. Well, I have it as bracketed trades in here guys. So you can see this. This is one of the ways to consider. You can use OCO or brackets. And I just put in 20 and 30, 20 for my take profit, 30 for my, 10 for my stop loss. Okay. And then that's it. And then I let it run. And then I adjust it. Okay. So I just want to show you that that's one way to do it. Another way to do it here is use OCO that you can get in after the fact. In fact, that's what I did with the S&P trade. All right. I'll show you that if you guys want. Let me know. But I just want to, and I don't want to look at profit and loss or anything like that. I mean, this is in SIM anyway. All right. So I'm just, I want to go through these examples for you for trade management. And our goal in here is to become experts, not just in order flow and knowing our setups, but trade management. We want to be experts in trade management. Okay. Then we can trade anything. All right. So and staying away from looking at your profit and loss is one of the ways to you know, keep your balance, your mental balance. All right. So it's, you know, get really good at it is our goal here. So in two, out one here, and another up here because strong move, pull back or pull back here. And I started to see some buying coming in again. I'm looking for it. Okay. Now, again, another mistake. Well, no, I had a little bit of order book in here, I believe I recall. And then it moved down into here. And then I've got, you know, it looks much better at that point, right? We've got this order book here, orders at a higher level on the bid. And we're finding buyers, finding buyers, still finding buyers. And then got lucky on a nice move right up into my take profit, which I moved down to the bigger picture here of this swing. And I'm just taking it there. Right. And then what did I do in here? Oh, yeah. So I saw this selling coming in. And it was pretty strong. And I thought, well, you know, this is, this was the high of the day at that point, or at least that swing high. And I'm starting to see selling coming in that, you know, probably a bad decision. But I saw the buying coming back in. And I saw selling, making a lower high here, lower high, lower high. I saw some selling coming in, I'm out, I'll take it, and then move on and look for the next setup. Now that was a low, basically. And, you know, we saw a really, really strong move after that. It's pre market. I'm just going to take it though, and move forward and look for my next setup. All right. So that was my, some of my decision making and trade management in here. Let me know if you have any questions. Trade control panel trout. Yeah, so let me, this is it here. Let me know if you have any questions. Yeah, how do you use this in here? Well, let me show you the learning center. It is, we've got videos all about this in here. So go to bookmap.com here. In fact, you can either click on the more button and go to learning center here, or it's now directly from our education button here. Okay, and then go to the getting started course here. Okay, so this is about using book map and like adding symbols chart navigation, volume dots, columns, etc. So you'll see like all these different columns, videos in here, they're very short, quick videos. We have this one here on trading. This is the one to, to go through. So let me, in fact, I'll click on this one here. And this goes over the trading control panel overview. And I'll post this into the chat for you trout. Okay. Okay. Here you go. Right. And then over in YouTube land, we will also do that. Just there you go. All right. So, you know, you'll go through, you'll go through basically, it goes to the next video right after this. So trade control panel overview, trade control panel details, placing orders, OCOs, brackets, trailing stops, order display and trade information and editing your orders. It's all in here. Right. So you can just go through a handful of videos in here. And you'll be an expert in no time. All right. You can trade from the dome as well. That's a whole nother thing to go through. But anyway, that's in another video. A lot of you guys like to trade from the dome. I love trading from the chart in book map. All right. Let me go back, see if there's any questions in here. The breakout 16 6 6 6 0. Hold on a minute. Catch anything. Okay. It's way up here. And I don't see it breaking out from that. This is high of the day here, basically. It's a beautiful, beautiful move. I'll tell you that. Yeah. No, we're up at that. That was the high basically. So I don't quite understand the question. We're just looking for, if we were looking for the breakout here. Was it Nasdaq or S&P? We're just looking at and talking about. I think it was S&P. But yeah, we're just looking for the move up into you know, a higher high basically due to all this buying in here. Okay. These kind of stronger moves and right. Okay. Well, you want to get to the delta. Yep. Let me get back to your questions. You wanted to go through delta in the columns as well as something else. That was someone over here. Oh, God, I'm sorry guys. If you can remind me what you want to go through, please ask again. I'm happy to do it here. Oh, Rob. Yeah, this is something to work on. As you guys get that info or that question back in, I will go through the delta column. I'll go through the COB delta maybe is what or something I can't recall. We will go through it. But when you take a loss, you take it really hard. This is something you got to overcome. You know, and you ask yourself what the hell is wrong with me? I'm an idiot. How the hell am I ever going to pay my bills with this? These are the wrong wrong directions. Absolutely. So first off, losses are a part of this. Getting good at losing is actually one of the most beneficial things you can do. And probably the best I'll use the book, the trading turtles book that you guys are probably familiar with. He was taught the Daunchian breakout system for commodities trading futures. And most of those trades were either breakeven or losses. The vast majority of them. And so they got really good at, or at least this one trader, it has low expectations of it working out. But he has to get into the trade. And he's expecting it to be a loss. And they can even see these really, really nice swings to the upside. And it would come all the way back down and stop them out. But it was Marty Schwartz, or I forget his name, a legend in trading, one of the masters wizards in the wizards book and everything. But this is what he told them to do. And so, yeah, taking losses and understanding how to take losses is a really, really important element in trading. It's not easy. So, but I would not take it hard on yourself at all. And if, you know, if you're putting yourself under pressure to pay your bills based off of that, then, you know, I think that's the wrong approach as well. Make sure your bills are paid. You need to be accountable to yourself about your bills and your living expenses. So, make sure that you can do that. And then, as you do that and you get better at trading, you can shift it over. And you have expectations that this will pay your bills because it, no, you have an edge. Now, you have to get good at losses. It's really, really important. That's how you become a winner, basically, Rob. Think of it that way. This is one of the hardest things to do because of that reason. But just, you know, again, think of like the hunting or fishing, like, you know, how many times is, oh, I had a big fish on the hook and it got away, you know? It happens a lot, right? Or, you know, how many shots you take at something you missed or whatever. So, you know, just get good at it. And then get good at this trade management. This will really help you take better losses. Okay? So, I showed a loss earlier. And, yeah, it hurt. And I can even show it in here. Again, now this, and I made up for it. Okay? So, here are two losses. Two, okay? Contracts in here. One, two. And immediately, well, it went for me a little bit. And then, you know, I probably should have been a little more aggressive in here actively managing. I just kept my stop here and got stopped out. You know, if I was a little more aggressive in here and I saw it go through this, maybe I take my stop here and take just a small loss, right? And instead of taking a full stop. Okay? But I have my reasons for staying in it. Okay? And looking for this to continue. Right? Now, it did continue. It just stopped me out. And then it continued. And just move on. Move on to the next. You know, who's really good at this is Jay Trader. You might want to go on Wednesdays at this time. And he's a stock trader. He trades a lot of small caps. And for that reason, he's become excellent at taking his losses. Because those small caps can go against you so harshly. It's unbelievable. So, you do not hold on to those trades. You take your loss. You cut it. You don't let it affect you. You move on to the next. That's exactly what he does. Okay? Then, you know, you move on to the next. Here is the next. Okay? Here. Now, this was only one trade. One contract and it made up for it. Okay? And then some. I mean, it's basically break even altogether. Here, we can look at it. You know, here. So, you know, total P&L is 37.5. This was like a $212 point or dollar loss here. Okay? So, it's basically, you know, a couple of ticks there. I mean, points there. Right? Full point. Well, I'm not going to count it all up anyway. But made up for it with half the size. Okay? Just because I saw something that was a little bit better in here. Okay? Now, there was some risk on this one for sure. There's always risk. Right? There's always risk. You know that. That is one of the things you are guaranteed to have when you trade is there's going to be risk. And that's why we want to get good at the trade management and the risk management. Okay? But anyway, this one worked out and made up for the difference. Maybe it didn't work out. Okay? But yeah, I would look for the same setup again. All right? Hope that helps. All right, guys. We didn't get into much live analysis in here. And that's what we're here for, to go through with you guys. Anyway, I want to cover this, you know, this trade management stuff in here as especially this quarter here to go through a lot of that for you guys. This is something we haven't really covered too much because we're going through our setups and everything. Let's talk about trade management and getting really good at that, getting really good at reading that order flow, knowing our setups, and then the trade management. Don't drive yourself crazy with this trade management stuff either. The scaling in, the scaling out, that comes later. Right? Scaling in and scaling out stuff is that's where it can drive you nuts. So don't do that. Stick with it all in, all out, just looking for something high probability. Okay? So for example, in any of these in here, let's suppose it was this breakout here. Okay? If you're looking for it to break out, okay? Looking at these buyers coming in, they trade through this here. Here's your pullback. We cover this in real time. And then maybe, yeah, maybe it was here. And it was like, yeah, you know, we're still looking for this to go higher. Okay? But managing it very aggressively, yeah, it was this. It was precisely this little area here we were talking about. And then potentially getting out in here or getting out here, and it would be a small gain and that's that. Okay? But what I'm trying to say here, the subject is all in, all out. I'm just looking for a little bit. This will help you gain confidence. Okay? And you want that kind of confidence when you put on a position. You don't want to drive yourself nuts. Now I'm going to scale. Where are you going to scale? If you don't even know that this is going to work for you, then why would you even scale? Why would you even consider it? This was Allen. I don't know if Allen's in here. Advice I gave to Allen years ago of just look for the move to unfold, take your profit, and look for the next one. Okay? So don't kick yourself like here. You know, look, I missed all of this in here. Right? Well, this was the timeframe that I was trading. This was my take profit. I had my reasons for it. I had a measured move. I had high liquidity up in this area at that time. That's what I was looking for, and that's what I took. And it's 2 to 1 ratio in here. Okay? 20 ticks here, 10 ticks here. All right? And I'd look for the next one. All in, all out, and it builds confidence. Okay? And I made some mistakes in here, too. Reflect off of those. It's before the open. I knew that going into the trade, but, you know, I was pretty confident on this buy volume. And yeah, this is, this was the volatility in here, and I just got lucky, I think, with that. A lot of times, you know, you'll see this quick jab down to the bottom of this range, and then it goes in your favor. Okay? But there was just so much buying earlier in the pre-market that I'm not looking for a lot of sellers to come in. You know, they've already put, they've already gone down to the bottom of the range already here. So I'm looking for the continuation at this point. All right? Kind of similar to slowdown in essence. You can look at this range in here. And they've already tested below kind of the range in here, and we're still finding buyers. So I'm still looking for, I'm looking for this opening range in here to the upside. Right? So, all right. A lot on trade management here today, guys. We can continue on that thread, if you like. But anyway, it's really, really important to, I want, I want to really focus on this, especially in the Bookmap Academy for you guys. All right. Oh, okay, at 16600, it was what you were talking about in NASDAQ. Okay. Oh, the Delta. God, it was Delta and okay. Let's go through, let's go through that first. All right. The Delta and the DOM, we'll look at the S&P. And very simple here, COB column, current order book. This is our DOM, basically. And right click on it, go to configure. And then we can look at the, we don't have buy minus sell in, in the, yeah, I'm sorry. Yeah. So what we have, we're going to go in here, right click and insert a new column. Okay. And then we'll right click in this column, we'll go in this one here. And we'll go into the quotes Delta. Okay. Is this what you're talking about? Chat, PCAT. And you want to go on, someone wants to look at more Trader, Trader Map Pro. Sure. Okay. So, yes, finally, okay, I'm getting to it. So, yeah, this is the plus minus column is showing the quotes Delta. The way this works here is when that best bid and offer update, then you'll see the quotes Delta update. All right. And this is, if it's a negative number, this is polled liquidity from that price level. If it's a positive number, it was added. That's it. It's as simple as that. Okay. And how do you use it? Well, you look for who's adding, who's polling. Basically, we have full depth of market in here. So you can see all of these areas in here where they're pulling and adding when you get that update. Right. So that's why you see it like this. And, you know, anyway, there's more information about it in the knowledge base. But I've never really found it too helpful myself. I find looking at the histogram and the numbers in the dome or the COB column much more effective for me. I know a lot of people love this column. But there's a couple of other ways to use it as well. Right click in here. Let's configure it. And let me show you an option in here. We can set the depth in here. Let's suppose we don't look at just the, you know, top 10 or, you know, closest 10 on the offer and then on the bid. Okay. So we've got a depth of 10 here on each side. Right now, note the number above it here. This is not that this is the 11th here. Let's show it here. This is the 11th level here. And it is an aggregate above the white line and below the white line here. So it takes all these numbers in here and adds it together. Okay. So maybe this is more helpful for you. Some sort of configuration like this. So that maybe you're looking at, you know, really close to the best bid and offer. You can open up another column and we'll insert another one in here. And then let's right click and then configure it. And then let's bring this down to, like, let's say inside market of like four or five or, you know, something like that. And then look at the skew maybe on the bid and offer out of these two. Okay. So you can see the aggregate here, 30 pulled, you know, 91. They're adding here. Okay. You can even see it in the heat map in here. Great. All right. Do we see buyers come in? What about the inside market? Yeah, they're adding as well here. Okay. Great. Do I see buyers come in yet? No. All right. So I'm staying away. Okay. Do I see them add on the offer? No. So I'm staying away from the short side on this one as well. All right. So anyway, there's some considerations there for you or use case scenarios, how to use this potentially. All right. Now we're coming back in. Let's see if we get a skew in the book on the, want to see them add on the bid here they are. What about the offer? Are they pulling? Yep. They're pulling. Are we getting our buyers up here? Not really. Not too many. Not yet. Okay. Now see, look at the heat map in here. See, this is why I really prefer the heat map over this kind of data here in the columns. Now maybe you're trading off the dome. That's fine. Then use your dome. All right. Are you trading right off the dome? Chat, PCAT. Then I'll show, I'll go through a different scenario then completely. You can configure a dome here in the columns as well. Very much so. You are. Okay. So anyway, this is a consideration. You can also do the same consideration here with multiple columns with aggregate in the COB column and you can set the depth here. You can also set it as a percentage in here, guys. This is something that an expert professional trader wanted. He didn't want to look at all the liquidity. He's looking at the percentages. That's all he cared about. Okay. So, you know, want to play around with that feature. So here we have the aggregate. Add the next, the liquidity from the best offer to the next, the next, the next, the next. All these different levels. That's why you see it aggregate like this and then you get the full aggregation at the top here. All right. And maybe you want to look at it that way. And you can compare again. Same idea. Looking at the, kind of added and pulled here maybe in essence, but a little more graphical. Maybe it's a little quicker for you. All right. So, and then you can insert another column in here if you want to look at that inside bid and offer. And we'll just, we'll bring this down here to like, let's say three. And there's a SKU in the order book there. Look at that. All right. Do we get buyers? What about the SKU in the, yeah, we get a little bit of a SKU also on the higher time frame in here. Okay. We're just not finding buyers though. Not yet. Okay. So we're staying away from it. But we're getting our interest here on the bid. But the aggressors are going after it. And these are the guys that move price. So we're staying away. Anyway, let's get rid of some of these columns now. Just hide that or I'll reconfigure this one. And we'll right click and hide this one and this one. And we'll go over the Dome Pro. Okay. We'll go here. The Dome Pro comes with the Bookmap Global Plus version. And you dome traders are going to love it. It also comes along with Execution Pro. There's for scalping off the dome. They work very well together. So let's find it. Here it is. I got to accept the risks. Okay. Okay. Table. There it is. You see all sorts of options in here as well. But we're just going to go through the basics. Okay. You can see all sorts of columns in here. And this is your, you know, your trades, recent, bid trades, recent ask, trades. These are transactions. This is your last traded quantity here. You can hover over these. And you can trade right from it in here as well. No problem. All right. So we have the VPS. Okay. We got our volume on the sell, on the bid. We got the difference here. So this would be your Delta here. All right. So you can play around with this. You can move these around as well to wherever you like. Okay. So maybe this would be a little more interesting to you. Okay. Looking at your Delta. The liquidity added or polled here. Now you can make multiple columns in here as well. So I believe you can. Hold on a minute. Lots of resetting options in here. Well, components. No, I believe you only get one. Yeah. So if you want to do this kind of studies I was showing you earlier, you'll have to use the columns over here in the book map dome. Okay. Not the dome product. Okay. But this ought to do the trick for you. All right. All right, guys. So now, look, see how we saw that bid, that skew, that skew, that skew. Now we found our buyers. Traded into this high liquidity. Boom. We're looking for it. We're looking for it. We know they're on the bid. We're just looking for those buyers. This is a consider this for an entry. This is something to study though. It's not, we're not going to tell you to trade it or that this is high probability in here, but it's something to consider. And it's a starting point to go and study. We noted it in the order book again and again and again. And then finally, we got our buyers. The book is still stacked here on the bid. You can see it following it up here as well. And we're finding buyers, they're starting to pull on the offer. We're looking for 60. Okay. Looking for 61. Buyers are coming in. Okay. After this move here to a skewed order book, there are 60, just about to transact. Nothing yet. But anyway, guys, so some ideas about using that order book again and that quotes Delta, that they're adding. We saw it. We're just looking now at that context with the aggressors. All right. All right. Just shy of 60 did not trade it. They did not, they tangled with it a couple of times up here. I'm kind of surprised they didn't trade. But it's already right back down here. And again, like, look at this context again in here. Okay. So what are we leaning on in here? Well, do we have something to lean on? Let's just zoom out a little bit more. Okay. So quite a bit of buying. And then selling starting to pick up. Let's zoom in here. Okay. Bying and we're below this buying though and the sellers take control. Okay. But that order book was starting to tell us something down here. All right. Now we're getting, we're, sellers, sellers are, they remain in control in this move in here from actually from here on down, especially from here on down. That's why we're retesting back up here and it's, you can see traders, traders fading it back in. Now I'm looking for support here where these buyers came in. This is where to look for that potential support. Do we see it? Do we see it in the order book? Yeah, here they are. There's some depth in here. Okay. Great. Do we get our buyers? Yeah, they're starting to come in. Okay. So now we're going to look for, let's see if we get a retest back up here. I want to see a retest back up here at 57 and a half. And I want to see buyers. If we do, I'm looking for then it'll come right back up to here or this area of liquidity here or our 60 level. No, not seeing it yet, right? So staying away. Now let's see if we can get a trap here and buyers back up above it. Look at the book. The book's on our side here. Just looking for these buyers right in here. Okay. Now we can even go a little lower here. Okay. Maybe 57. The book's on our side. Getting some buying interest here. A little bit more exhaustion there. A little bit more here. 57 and three quarters. See how the sellers are interested in this liquidity. This is not what we're looking for right now if we want to be a buyer. Okay. Here they come. Now we're seeing that auction here. We see the buyers coming in. Okay. So getting a bit of a pullback. One more retest here. And I would be looking for these buyers to be able to take it back up. Okay. So look, you know, we're getting some back and forth in here. This is what I want to go through in the market structure. Okay. It's going down. Going down. Starting to kind of turn around. Starting to kind of turn around. And now we're looking for maybe we can get a higher high out of here. Here come the buyers. Here's some exhaustion. Order book on our side. Stayed away from it. And someone just completely dumped here and took it down. But we're still looking for the same thing up here. Okay. So looking for our buyers up here. This is going to be a massive stop run. And we can see the iceberg order here. So we have a nice little context there between stops and icebergs. So just looking again for our buyers back up here. Something convincing for us. And if it doesn't happen, doesn't happen. Okay. Starting to auction. I want to see a bit more. I want to see those buyers can, you know, come in here. And let's see that order book. How's that book looking? Yeah. They're still kind of stacked in here. They're on the offer, though, at a lower level here. Okay. A little bit more here. And we can, there we go. All right. Buyers should be able to move this now. Okay. We had our stop runs. We have our icebergs. We have our order book. And now we're looking for our buyers. Okay. Not a trade recommendation, guys. Just looking for the setup here. Okay. These order flow elements. And we're looking for it to unfold. All right. Now, maybe take some risk off. It's done a pretty nice little move up to here. Okay. We're still looking for 60. But, you know, this is where we see the sellers come in, right? So this is not a bad place to reduce some risk. Okay. Because sellers might reload up here. We might get a pullback and you can put more on back down here if you want. Okay. And where would the sellers come in? Let's go through this quickly. So guys, I'm kind of going through it really quickly in here. But I just want to go through it nonetheless. All right. So because we went through a lot of trade management, see this little bobble right here? Okay. Now, this is where it broke out from. And we were watching it right here in real time. And that's where we would have been getting in. And we would have been taking some off maybe up here. And there's a little bit of liquidity up in there somewhere in here. And then we're looking for a pullback. Now, we're looking for the pullback to this area and this area here. And now, this is pulled back 100% that move. Okay. So this is not the flag pattern that we're looking for. That's for sure. And look at the selling coming in here. See how it's kind of equal to the buying? So, yeah, this is not high probability. So we made a good decision up here. Would have made a good decision. It's all hypothetical here to take some off. And then stopped out at break even on the rest. Look for the next one. All right. Make sense? What is they're going to cover? Oh, the pullbacks. These are where we're looking for our pullbacks. Okay. We have our reasons for it. This is where we can see kind of this little bobble in here. We've looked at this for years in here. Rob, you've noticed this. Looking for this, you know, there's kind of a move, a little bit of a pullback, and then a move again. And you'll see it pullback usually to that area. And you'll see if buyers still support it. Okay. So this one pulled all the way back here. And then now we're seeing our buyers come back in again. Okay. How does it look? Well, here's another pullback here. All right. So let's see now. Now, how does this, how does this volume relate to all of this over in here? Let's take a look at this on this small timeframe. Yeah, I don't like it, you know, like this is a lot of selling in here. So I'm looking for actually a little bit, probably a little bit more back and forth in here right now. If this was a low volume pullback and also shallow pullback, and then I saw more buyers come in more than this, maybe the size of these dots over in here, then we're looking for the move up into 60 and maybe above, but not now. Okay. Just based on the transactions and the order flow. Make sense? So we wouldn't be looking for that move higher at this time. Okay. Again, looking back at this order flow and these transactions in here in the structure. And what is it telling us? Okay. So Rob, I keep mentioning you. I hope you don't mind. If you do, I'll stop. You mentioned some good things and I want to cover them. All right. So it's understanding the look back here in here, comparing all of this in here. How does this look to help us make a better, clearer decision in here? All right. We're looking for back and forth in here. Okay. And still, you know, oh, it's starting to pick up a little bit in here. Do we have the order book on our side? No, we don't. So I'm not, I'm staying away from it. I'm not going to be tempted up here. PCAT, this is exactly how I use my setups. And the setups list in here by default is here. And this is, it goes through a lot of the same things we're talking about in here. Looking at, first off, identifying a trap, because that will add a lot of fuel to the move and then develop scenarios based off of that trap. So we kind of talked about it here, in fact. Here's our trap here, right? Or it's more of a stop out than a trap. I guess these guys are trapped because I don't, this is new selling coming in. And I know that's new selling coming in. How do I know that? Because I know this is a stop run. Here it is here. Here's the stops. This, I don't see a stop run. So I know this is new selling coming in here. That's the potential trap. And now it's not a whole lot, but it's some. And then I'm looking for them to be stopped out on the way up and you can see the stop run here. Right? Makes sense? Now, the, that's part one of this setup in here. So how was that trap? Maybe get it a six or seven, something like that. Now, steep, large price move. Well, we got that. But how is the relative volume in there? It's not bad. There's still more selling here. Hey, look at the bars. Look at the dots. And what about all of this in here? Right? How does all of this compare? Well, you know, this is not bad here. But so we can give it a, we can give it a grade in here. Maybe, maybe like a seven. It's not the best. Maybe, yeah, six or seven. What about the measured move in here? Well, that, that measured out really nicely. Okay. So what, we'd give that one like a eight or a nine. And do we have high liquidity up in here? Yeah, we did have some. We covered it. We saw some in here. And it's now, we're covering it on only this timeframe here. And guys, you can see the move unfolded here to the upside. And that, that's okay. We, you know, we've been bullish. But in this little area in here, we did not see anything bullish or to give us insight to this unfolding. Okay. We'll have to look later here at this area. Okay. So anyway, minor pullback. Was it a minor pullback? No, not even close. It was 100%. If it pulled back to here, and we saw maybe high liquidity from the bid on up, the order book supporting us, we'd have something. Okay. So low volume bidding liquidity? No, we didn't have, I mean, you can give this like, I don't know, one or two or zero. Let's just give it a one. And then pretty much that negates the trade at this point. Because your entry here, do you have an eight? No, you have a 5.75 and that's being generous. But anyway, yeah, this is the setups checklist and going through. This is, this will come in default. And this here is the same as from that learning center video that I was showing you. Okay. If we go to learning center strategies and setups, and then we go into flag pattern execution here, you'll see the, this setup or these items in here, the checklist is exactly the same as here. All right. And that's by default. Okay. All right, guys. Well, that's a lot to cover. Why don't we just end it on that. We'll answer some questions here. And guys, if you like this, please hit the like button, please. Subscribe to the channel. This is what helps us continue to create content like this, so that we know it's helpful that we're on the right path. Oh, you're welcome. Peacat. You might want to consider joining the, or maybe you're already in it. I don't know. The Bookmap Academy. Let me show you where that is. If you're interested, go to bookmap.com. Click on the more button and then Bookmap Academy right here under community. And this is what you can read through this here. You can get Bookmap for free along the path here. You'll see the steps, what's required, et cetera. It's pretty, it's pretty straightforward, I think. Once you sign up here, there's FAQs down here, it's free and open to all. You will need to have Bookmap and make content. Once you sign up here, though, the first thing you do is you jump over to our Discord and you request your spreadsheet to document your trades. Journaling is a big part of this. So we want you to journal and we want to, and we'll give you coaching and feedback based on that. That's what we're here for. That's what that Academy program is for. Once you sign up, then come into Academy applicants here and you'll see a lot of guys in here. We'll say, yeah, I'm new here. I'd like to request my Google spreadsheet and do the same and we'll get it to you. And then start documenting your trades. It's really simple. Basically, here you can see I think this is AJ, right? Once he has documented his trade here, just come up here, click on the three buttons. I sent it in here already and then all you do is copy the message link here and put it into your spreadsheet. That's it, right? And then we'll take a look at this and maybe we'll cover it on the meeting, coaching and mentoring meeting on Thursday at Market Close. We pick and choose. We rotate coaches and we'll give you guys some feedback. All right. Let me see any last questions in here. Rob's question on 1600 on, yeah. I'm sorry about that. I wanted to go through PCAT's questions. All right. Well, let's just quickly go through this here. Break out here. Yeah, I would have liked to have said I've been all over this here. No question. I mean, here's why. Again, you're leaning on this. You're leaning on this. I'm selling, but this is going to be more of your trap. Bind picking up. Bind picking up. Beautiful. Just beautiful. Looking for a measured move, trying to match liquidity to that move, where it might go. If you're really aggressive, you might even be in here. I don't know. Maybe the pullback was to here. A little jag here. And then seeing that buying coming in. It's nice. It's really nice. Stopped down here. It worked out immediately. You can move that up. Be very aggressive. Take your profits along the way. Hope that helps, Rob. Hindsight's really easy, as everyone knows. But these are the things we're looking for. And you can use Bookmap Replay mode. You can record your file. And then end of the day, go through it again. And I would recommend you do that and go through it again and again and again. Well, there was one request for TraderMap Pro. Go through that quickly as well. So, because look at the NASDAQ in here. See this liquidity in here? This kind of halo effect around the price action. Well, we want to get rid of that so we can get a little more insight to the Heatmap. We can filter out that activity with the MBO. Using this here is part of the MBO bundle because it is MBO data that's required here. We already have one here. I'll set up. You just create a new one. And then we put in here, let's see. This is order flow. Best percentage order flow. No, okay. We'll have to get rid of these actually or add a new one here. And we'll add filter order flow change filter. Oh, I guess I had it. That's fine. We'll just do it again. And actually we're going to go to not changed. And we're going to go by price click play. And we should see a big distinction here between the two instruments. It makes a synthetic instrument. Okay, so here's our current. In fact, here we're going to click on and sync them together using this tool here. Okay, so here's the current market. Zoom out just a little bit. Here's our halo. And then here's what it looks like without that halo. A lot better, right? Look at that high liquidity in here. Looks good. Look at this area here. If we get buyers back up above it, maybe we can get them moved back up to 55 or 60. Anyway, again, that's just a knee-jerk reaction, guys. That's not being responsible. But we've got to look for our order book again supporting this. And where would we... We've got to look for a lot more than that, basically. But we have high liquidity first getting filled here on the offer, on the bid. And then we're looking for those buyers to come back in and try to move it back up to these areas of high liquidity. All right, guys. So thank you very much for coming. We'll meet up tomorrow, same time. Have your questions ready. And we'll go through it. Thanks for coming, everybody. Yeah, take care.