 All right. Good morning, everybody. Welcome to the book map all markets live order flow analysis webinar We do this every Tuesday Monday Tuesday and Friday 10 a.m. I'm your host Bruce so I'm the lead educator here at the news and You can reach out to me at on our discord channel Bruce at book map And then also my Twitter handle at flow order Let's go through the disclosures and jump right in general disclosure all book map limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results all right, so just a Reminder we just started this on Wednesday the blue jacket competition There's gonna be more information about this. Well, I mean, I'll I'll tell you right now about it. So This is a monthly contest At least so far has been monthly on the 10th of every month And if you're interested go to book map.com slash blue jacket And you can win three months of global plus and data all right, so the interesting thing though here is that There's something more than you get just by entering the competition and maybe getting book map free Is the this signs you up for the book map junior academy or at least you can if you like We'll take a look at the content and we will if your content is good You may be invited to the book map junior academy and then that can lead to the book map academy And all sorts of other things. All right, so I'll talk more about this in the future In the very near future. We're really excited about this program We think it's a win win for everyone involved. You're going to learn how to trade You're going to get some mentorship along the way you're going to have to document your trades and You'll become a better trader and you'll be sharing your content with others. All right, so it's a it's a really good program I hope you're interested in it. It should be Like I said a win-win for everybody. All right, so let's take a look at these markers. We can look at whatever markers you guys want Good morning, rob. Good morning, tony aloha And we're going to look at the s and p right now. This is what most people want Uh, oh god kicking myself this morning. I missed this trade opportunity down here Um, anyway, we can talk more about that and why this was an opportunity in here Uh on the on the move back up. We had some data just now You can see that we don't know what the numbers are going to be and you can see that the reaction to the numbers Uh is uh to the downside here. So this is the university of michigan consumer sentiment It's less than expected. So This is in line with what you know, we would anticipate is a move to the downside And it is all right. So, uh, where is it going to go? Well 40 looks really good right here Uh, maybe 35. All right, so we seem to be trending now But just looking for the move into 40 for the moment here. All right, so that's it Um, here's the pullback trade in here. Uh, hector was asking me about the pullback trade earlier He wanted to see this on a um on a daily chart. All right. Now this pullback in here, uh, Let's just make a distinction here All right, this is not a high probability pullback All right, look at the volume look at the volume dots in here We'll we'll talk more and more about these setups as we go through Uh, but uh, we know that the move uh after the the event Um of the consumer sentiment is to the downside And we see some buying it comes almost back to where it immediately dropped from up here around 52 Uh, but it doesn't quite make it and then we see sellers come back in trade into 45 and a little lower 44 Now look at the buying that came in here It's pretty strong Uh pretty consistent and pretty strong. However, it's not really moving price Okay, this is where you're gonna see And uh, we'll we'll take a look at this. You can see this in your cvd here Look how cvd made a higher high here based off all of this volume in here This is why i'm not a big fan of cvd to be honest I don't need to look at the cvd to tell me this. I know that I know that Uh, I can look at it here. I can see it in the dots. I can see it in the bars. I can see it in the price action All right. Now, uh, this would be a negative divergence Price can't go higher on all of this volume here All right, so, uh, this made a higher high, but this made a lower high here There's your divergence in your cvd. Now, like I said, I'm not a fan of it If I do see volume down below here sellers, then I'm looking for continuation of that trend But it's only down here really and you got to pull back here All right, so hector, let's just go through this in here Understanding the distinction in here. This is not a really good setup in here At least I don't see it until at best maybe here with some exhaustion and some selling here But I like it better down here to be honest and that's not a very good entry All right. In fact, you're you're really open to right in here taking that risk Of a ton of buyers coming in and shooting right back up here here and maybe up here All right. Uh, in fact, we may get that now. It's traded to our 40 level Let's watch look look at the volume coming in. I'm looking for them to take it right back up to 44 now Okay, just based off of this liquidity getting filled. We know there's a lot of buyers coming in In fact 44 looks fantastic Look how that kind of matches or aligns here with um, hold on With some of these areas we just talked about Okay, in fact, maybe maybe it comes up to about 44 and three quarters or so All right, we need to find the buyers though here. That's really the key here. We found some now. We're finding some sellers All right. So anyway point is Uh looking for pullback trades here making distinction Right. This is uh, not really high probability because there's a lot of buying in here We want to see lots of sellers and very little buying on the pullback here That's when we're looking for huge move in cvd to the downside and very little cvd move to the upside here There would be your divergence and that would be a nice little trade Set up on a pullback. All right. So look for that in your pullback trades right Uh, so that should help a bit there Uh, and uh, you know, we can take a look at pullback trades On the daily chart is what? Hector was asking right now That's good And j trader is the master of this one He looks for his stocks to break out on the higher time frame and he's looking for pullbacks at that time He has a moving average strategy. He's looking for moving averages. You don't have to or you can if you like what I want to cover though is that You're looking for some reason for the pullback like let's say You have the move to the upside here. Well, you'd be looking for a pullback into these areas Look at how it pulled back in here several times And then finally sellers took it took it through though All right. So it this is what you need to study on your pullback trades and that's it's an easy study Hector you and and ask j trader So like I said, he's an expert. He's got Hundreds if not thousands documented setups In his moving average study. All right. This is why he makes money All right, he knows exactly what he's looking for All right, so if that's what you're looking for in your pullbacks on a daily Um, you might want to reach out to him I'm going to cover it here just by looking at smaller areas in here because In these smaller areas in here. It is the same concept Okay, you're looking at a big range a breakout and then a pullback here now. Look at your cvd on this pullback Okay, so you see how this is very much the opposite here Okay, then we were looking at this one earlier as your pullback. This is not high probability Okay, uh, maybe it is here, but boy. Yeah, I it's not I'm not comfortable taking it Entering short down here Uh, and then looking for this continuation All right, so, uh, there's our move to 45 guys. Uh, that's what we're looking for just 45 That's it Stop at rake even uh at this point and again not trade recommendations here But just ways to look at this and reduce your risk Okay, based on the order flow All right, let's see if we get this continuation now We know there's a lot of buyers in here. Maybe they'll come up to here Okay up to 47 and a half All right Let me let me check and see if there's any questions here All right. Good morning slow down uh Kendra and Hector Yep. All right, and let's take a look over in Good morning from Rio de Janeiro, Eduardo Boa dia So, uh, let's see here. Um So we're going over this this strategy in here Uh of your pullback and your studies. So this is something you'll need to study and make You know, uh a screenshot and mark these things up Okay, and what happened? All right, maybe you like cvd. Maybe you don't I'm not a big fan, but every now and then I mean, it's it's fine I just like to look at the order flow in here. It tells me I think so much more Uh than looking at an indicator. Uh, it's the opposite. It usually we look at our good morning, Luis um Usually we look at our indicators for clarity Uh, and uh, I I don't think it offers as much clarity as looking at the order flow All right, and I know that's kind of hard for a lot of uh traders because we rely on that on something simple Uh, and we try to gain that from these indicators. I just think get better at order flow Uh, and you'll be able to get um a lot more out of it And you'll also get a lot more out of your indicators knowing that what makes up that price action, um and volume All right, so Good morning alt alt from alberto. Okay Milano albert Oh, okay. You are alberto from milano. Okay. Buongiorno um so What I wanted to go over was two distinctions this this one here, uh, as not so high probability Uh, and this one here as a higher probability All right, uh the um here we have heavy selling Here on the pullback. We don't have a lot of buying although it came back all the way here Uh, and then it traded into this high liquidity here This is where you're looking uh to see what happens after The these transactions here. We have some exhaustion up here. Okay, or lack of buying That's a good sign now. We're looking for sellers down here. Okay, and I don't see a whole lot Okay, now I start to see some this is looking better Okay, now I start to see some I'm looking for them to take it down to here Okay, right here or here All right, this is where the buyers came in. This is where the buyers came in Okay, so we're looking at again where who's in control in these areas here Sellers okay now buyers coming in so we're looking for a test to here would be a good area Okay, the next test would be down here and the next one after that would be down here Okay, we have reasons for our levels in here All right now we're looking for liquidity there. I already see some here at 40 50 Okay, so that would that would be my first target And we have data. All right, so, you know, don't take the risk on that. You just don't know All right, so anyway, I just want to make a distinction though between the setups All right, this is a low volume pullback here. This one is not it's a high volume pullback A different things here Interim or Milan a good question right there all of all of my friends from Milan it's always Inter But I know that's changed over the years Anyway, let's let's continue on um all right, so one of the things that I wanted to cover today was Fridays uh, and um Let's take a look at our bigger picture. Hey step back here All right, we have our daily over here on the left our hourly in the middle and our 15 on the minute on the right here Okay, we have a nice gap fill already on the 15 minute Uh, and it's came down a little bit further and it's kind of bounced back up now. All right so, uh, there's a lot of trading here from uh yesterday, uh, and We're in that kind of range right now And uh in the middle of it. All right, so price is kind of stalled out right now. It looks like All right, so nice gap fill and it's not gap and then you know go it's like uh, so far at least it's been gap and just hanging out uh Seems to be pretty comfortable in this area here So, uh, that's what I see at the moment. Uh, our daily here. All right. Well, we're in Several days of uh price action here have not broken out All right, you can see the wicks here The price action back and forth. It's been a pretty tough week. Uh, if you look at it this way Uh, you know looking for You know something to kind of break out and trend and you're just not getting it Uh, in fact on uh, what day was this this was uh on wednesday. That was the cpi data Uh, you know it bashed on the other side On the downside bashed on the upside And you can see we've been within that action since Is that cpi or is that f1c? I don't know. We had a lot of data this week. Um, and um Anyway, we're uh, kind of right in the middle there All right, so well, what what do we what do we think? What do we see? Um, I really don't see much right now to be honest. Uh, not a whole lot. The gap is already filled the um The data has already come out and and now we're trying to gain some insight Uh on what's happening. Yeah, I think I think next week will be different. I think something's gonna happen in here Now this is what I want to cover though, uh on fridays Okay, this these can be really tricky days because you know, you think that everyone's made their decision Uh, and it's going it's going south, right? You know, we come back down into these areas down here. Um, or You know, maybe it's this range here. It breaks it Maybe it just fills the gap down here. I mean, that's a big move already uh, but uh, what i'm trying to say is Watch and be careful here on fridays Okay, because what you will get is a lot of volume trapped in one direction Uh, and then it just grinds the entire day Against those traders Okay, so we don't want to be those traders. We want to be on the other side Uh and uh and just hold it till the end of the day I've seen I mean, we've all seen this so many times Uh, so uh look for it On fridays, uh, you know, you you'll see these bigger moves happen All right, so uh, and we're looking for that insight now and and god We're just right down here into this, you know, kind of big cluster of stuff So we're just not really seeing much at the moment All right So, uh, but we're gonna we're gonna keep our eye out. Uh, and what that might look like Uh, well, maybe it will be uh Here let's clear clear our drawings for a minute. Uh, maybe it'll be above the data here 53 Uh, or uh, maybe it'll be below this low here at 40 Yeah, let's zoom in here Okay, nice support here on the bid and they're bidding up here. All right, so let's see buyers take it back up to the top of the range here um Yeah, that looks pretty good for now. Um, just just up to, uh Well, maybe we can get up to like 48 here 47 and a half Okay, looking for those buyers Okay, now it was the bid that helped out here Um, you know, the you can see them on the bid in these areas here Or this area here And now we're just looking for our aggressors and to carry it on up Pulling up here looking good. So they're starting to pull up here. I mean, look, this is dynamic. This is not high probability either Uh, at all. All right, we're just looking for that to unfold Uh, uh, due to mostly due to this bid in here I just want to make be clear on that Uh, we're looking for something high probability And that's not it so, uh Maybe maybe we'll see if we get some some uh, if they stay in the book here and and support it down here at this 42 and a half Yeah, we don't have a lot of buyers in here In all of this price action We're kind of set up for a kind of a dismal session here, uh guys, so not not seen a whole lot All right, here come some buyers to test back up here All right, let's see if we get our breakout now Boy, like I said, we're not looking for much And this is pretty dismal Uh price action here Uh, I can cover something I saw earlier that I thought was uh, we've been you know, we've been showing our correlations in here a bit Uh, and the market pulse tool, which I want to show you, uh new additions here Okay, and all of this correlation all these correlation studies in here I've looked at correlations for for years. I love them I think this you've heard me say for years as well That I think this is probably one of the better insights that you can gain um from As an indicator or you know, uh a Confluence, uh, it just makes good sense Uh, look at mispricing in here the euros up here the, uh You know the s and p is down here. Well that that's mispriced right So something's gonna give here Uh, and that's what I saw earlier before the data. It was right in here. It was this this little area in here Okay, so the s and p Here we'll take a look at the time frame All right So the uh the s and p and now I can I can create these charts for you guys if you're interested. They're very simple Uh to create um Shadow, how can you export data files in bookmap if possible? um, so yeah, you can go up to uh file uh, and Do you mean like your workspaces? Uh, you can share your workspaces definitely Okay, so, uh I think there might be an easier way. I know one thing you can do though for sure um actually Shadow reach out to support on this because I might make your computer crash. Um I'm not sure About that the workspaces sometimes if you're using an older version of bookmap and then someone Shares a workspace of a newer one. It might it might crash it Okay, so then you'd have to just kind of create it from from scratch. That's the way There are other ways though in here. Let me see if I can find it here. I think I can just export it in here If I go to um my chart settings in here Inherit. Yeah, this is where you can go at chart settings to just right click on your heat map and then go to um You can save file load a file inherit chart settings from so this is what you do is you would save this to a file All right, if you like that if that's what you're talking about then uh under here go to your Open your user folder here Okay, that'll open your um on your local drive your book map user folder or wherever you placed it Uh, and then you can look in your workspaces. I think it's under config All right, and you'll find your workspaces in here All right, and then you can just copy and share uh share that workspace All right, I hope that answers your question. I hope that was it If not like like I said reach out to support they'll they'll they'll help you on that All right, so anyway guys, this is what this is what I saw in here. This was at nine Um, and I just missed it. It really kind of bothered me at 947 here We can use the data tip tool and hover over here. It says uh Time is uh 947. All right, so at 947 Here right here's our drop. Okay see the drop in the s&p All right, let's take a look at our correlated markets s&p is dropping here Hold on 947 s&p is dropping here. Okay Uh, and it's the uh this uh orange kind of dark orange Line the euro dollar is the white line. That's going up and that's a mispricing all right, so The the uh 947 actually was right in here when which is breaking the range right here Okay of the of the s&p Okay, and look look at you can already see the divergence in here All right So now s&p is way down here I'm looking for buyers in here And I'm looking for them to trade it back up into these little levels here Maybe even back up to the other side of the range Okay, very simple Uh easy setup now. Let's go take a look at it and and see what it would look like All right, so uh, yeah the the target um My ultimate target well or at least first scale Okay, I may may get out of my first scale in this little area here or in here to manage the trade All right, so I'm just going over how I would manage it. You need to to take a look at this and do this yourself though Uh, this is another great area to take some off. Okay, we talk about it all the time for years Uh and looking for that pullback to test where it dropped from And we have correlated mispricing in here Great. All right, and it's it continued to be mispriced here Uh, however, you know, the data approaches after that mispricing here Um, that's when you want to get out of your trade. All right, you don't want to have that risk on Anyway, let's take a look at book map now. All right, so here's the area in question Okay, it's 947 here east coast time. Here's our drop Okay, I'm looking for buyers now. I'm looking for an excuse to get in here now. There's many, uh Price action levels in here Okay, looking at price structure There's a few different things to take a look at here Okay, we can we can make some trend lines here Okay, we look for a break of those trend lines Uh, and then we're also looking at um, the price action at this lower level here Okay, and this is where we see the opportunity. Okay here the buyers coming in We don't see any buying before that really except we're down here, right? But this is too dangerous here Okay, unless you see just massive liquidity getting filled in here Or you know something to that effect Uh, so we get some back and forth in here Okay, here's where the buyers took control at this time See and move it up to where it dropped from Pulls back look at the buyers come in again here Okay, we're looking for this area here this 53 and a half Okay, it comes right up to it a little bit higher into that liquidity up here Okay, very very simple setup Okay, very understandable Uh, and there was reasons behind it and then it's down to managing your trade All right now It's up to you you guys like uh, you maybe you don't want to look at euro dollar and I've got the nasdaq I've got the an apple here. It's this is pretty mixed bag of stuff and I just Made this chart here and like You know, I didn't really I don't have any other reasons behind it Uh, a better correlated, uh study would be with you know It would it will change these correlations will change And you'll need to know The pricing of these various instruments And the relationship between them Okay, but the dollar index is a good one. I'm using euro dollar instead Uh, another good one is the bonds or you know yield, uh, basically, uh, and um Versus uh stock indexes. Okay, we're talking risk on versus risk off type of things or another one here is this is why I have apple in here is it's a leading index Uh, or I'm sorry leading, uh bellwether stock Okay, and we talked about this the other day too How easy that is to understand by looking at, um The heat map here from finviz. Okay different kind of heat map but Love their pop-ups. Um Here's the technology sector or this is the s and p. This is 500 stocks in here Okay, who are the big players in here? Who's the biggest player? Apple Who's the next one microsoft? All right, so uh, these are the correlations I want to look at Okay in this study All right, so if there if apple is leading the way and the stock indexes are behind There's a miss pricing potentially All right, so very very simple stuff All right, uh, and uh, you can look for opportunities and uh, you know very very simple trade setups as well right now why Did uh, why am I covering all of these uh correlations? to begin with Well, I mean that we're comparing apples to you know app or apples to oranges, but I mean we're getting something from it You know They're related And that's what we want to understand so The market pulse uh tool is what I want to cover here Okay, so, uh, let's open up our market pulse It's right here And we have some new uh add-ons in here to go through Okay, I'm going to close all of them here and we'll start afresh Uh, and uh hit create here, uh, and then we have um We have all these new new um Uh algos with our market pulse tool Okay, when we initially showed the market pulse, uh, the we just had one and it was volume pressure Now let's open that one up And we'll open it up for Yeah, let's open it up for the s and p since that that's fine. I want to show something here and now we all we do is um We we set our threshold our volume Uh, and then we pick we push play Okay, and here's the widget for it right here. Okay. It's loading All right now and it tells up here, uh tells us that this is for the es and it's vp volume pressure All right now, let's add another one though Okay create, uh, and it puts it on top here Uh, and now I want to look at something different not liquidity pressure Okay, not lp. I want to look at a new one that we just released yesterday called volume pressure imbalance Okay, and we'll make it uh, select it for the s and p Uh, and we'll bring the volume down as well Okay, and then now we'll just uh hit play and we have this one here All right now, uh now we can put these in the sub chart as well Uh, but I want to go over the distinction between volume, uh pressure and volume pressure and balance Okay, the the difference is uh here Uh is basically the volume pressure Of both buyers and sellers Uh here the volume pressure is a delta Okay, it's an imbalance Uh compared buyers versus sellers in here over time Okay over a look back period. Let's go to the settings here. All right So, uh, I'll right click on it and open it up and you can see it opens it up here and We have our half-life look back 10 seconds Training period of five minutes is five minutes of data sliding data Every continuous five minutes of data And then that's it. We're just looking for the imbalance in here Now the output is Also here in the sub chart Let's see here. I think we can sub chart delta or um We can show the uh, uh, uh, delta, um, abs is, uh Absolute delta, right? Yeah, okay So, yeah, I will not show it in this. Yeah, let's show it in the sub chart actually delta percentage. That's fine uh, and um, let me, uh Deselect stops in icebergs for now Okay Good and then let's right click on this one and go to settings And I don't want to show it in the uh In the bottom in the sub chart. Okay, so now we're looking at um one line here in our sub chart With our volume pressures Okay, so, uh We're looking for when the aggressors are coming in right now. This is good All right. Look at us trading into high liquidity right now down here around 36 37 Okay, now we know that there's the aggressors here. Uh, there's just more sellers right now. All right So we don't have anything yet. We don't know We're looking for that imbalance looking for when the aggressors come in Okay, well it's still a move to the downside this this will help you stay in your trade to the downside Okay, if you're still short remain short There you go. Can you guys hear it come in? Okay, so see see the imbalance here Uh, you you can see that um the um, there's more sellers in here Uh on uh compared to buyers on the volume pressure and then the the imbalance in here is still showing That there are more um more sellers. Okay now now look at it, right? The imbalance is showing that buyers are starting to come in A little bit, but it the thresholds are over here the little white line here This is 70 negative 70 and this is 70 here Okay, so that's when you'll get a sound alert Okay, those are the thresholds it's the same here this little white line is the threshold for buyers and sellers in here Okay, so this is a pretty easy understandable Widget here that we just released Okay, and you can look at both at the same time in here as well Uh, there's still no reason to get out of this yet Okay in terms of the market pulse tool Stick to stick to the downside here. Look at look at the sellers come in Okay, now we can add another one in here too Uh, we can simulate also, um where We can look for divergence in here All right, so let me just stick with me on this. Let me let me uh, let me explain here We're going to look for not only volume pressures imbalances in here We're going to look at prices price change Okay, so let's let's look at the price change here For the s and p as well Let's bring this down to five percent Threshold at seventy click play All right, so so what we're looking at in here is like we want to see Remember how we're looking at our correlations last time. I'm sorry our divergences last time Hold on a minute here. Let me uh Go to the settings on this one On the price change And not show it in the sub chart Okay All right, so look at this so now look at this volume pressure come in And the price change though has not hit its max though All right So there's there's some potential divergence there All right, let's let's compare that To our cvd All right, so cvd Let's look at this area here Okay, so here here's the um the swing on cvd Now we do see the move back up above It's and it is yeah, I would say Um, it's looking actually pretty good Uh, let's see if we now I'm looking for up here a retest up here I'm looking for volume pressure now. I'm looking for them to try to break it Okay back up to like 41 and a half or maybe 43 Okay, it looks good right. They're starting to come in now looking for the follow through Okay, let's get up to let's get up to 40 and a half. I like the liquidity at 41 and a half though Okay, now we have reasons to turn around and look for a trade the other way Okay, we have the price change and we also have the That volume pressure coming in Now we can see it here too. We can verify it with the price action Okay, so we saw the sellers. We were saying sell side only sell side only until we see buyers come in All right, now we have something to look at here We have high liquidity getting filled on the bid down here and we we start to see our buyers come in We started to hear our buyers come in. We saw the imbalance indicator like hit 70 Okay, we saw the buyers over here hit 70 threshold and that's when we opened up our price change Indicator as well Right because we did not see the price change yet Right and that's when we're looking for divergence because If all of this buying in here cannot make a higher high in CVD Then someone's on the other side absorbing this And that's what i'm trying to get at here with this price change algo Okay, so if you um Would look back here In this area here You would see that divergence remember how we we covered this after the data Uh this point here not a whole lot of selling bringing it down Uh a whole lot of buying but failing to bring it higher Okay, so you're seeing volume pressure or hearing volume pressure, but it's not going anywhere The price change algo is not showing you that Okay, see see how the price change is starting to ramp up Okay, I don't see volume though I don't see volume yet All right, I'm just looking at the volume uh delta here or and and volume pressure Okay volume uh pressure and balance All right, so I see I see that starting to kind of test some of the uh, um It's extending the the price uh range Uh here But I'm not seeing pressure behind it Okay, now now let's see if we get a little bit. We see a little bit of volume come in here And let's see what it looks like here Okay Yeah, I'm not not really seeing much. I do like that. We're down here at the bottom of this little edge though At 37 that looks good Okay, so now let's look for our buyers to come in Okay, there's exhaustion here and here So we're just looking for our buyers now Okay looking for buyers Looking for them to carry it right up into This swing up here Uh and back to where we were at before our 40 and a half here Okay Nothing yet. It's just back and forth in here. We're not getting any extreme readings in here Anyway guys, I wanted to show you these new indicators in here. They're fantastic. There's another one also for crypto uh with liquidations So basically it's like uh looking at your um Uh stops uh and stop runs, but it's actually even stronger than that. It's actual liquidations Of of people's accounts All right, let me get to some questions in here. All right, I've covered a lot And there's a lot more to go through too All right, so and and also just a quick recap um, so We we're talking about um God, what do we start with I know we started to cover our correlations Oh, oh, yeah, we started with these breakout trades And knowing the distinction um on a pullback Uh after a break of a range and looking for something higher probability Now we covered that in detail Okay, so we're looking at um the volume in here and the price movement in here and where it might come back up to Okay, and then in this case here there was a it was not a very a good setup Uh, well at least it was not a low volume pull. No, I'm sorry. This was a low volume pullback. This one was not Okay, this one was a little trickier Uh, do you want to take risks down here? Okay, so now we're talking about we talked about risk management in these areas as well And that's up to you. That's something you need to study and take a look at If you really see the selling coming in and here's a little pullback here and you see selling in here again It's looking pretty good All right, you know that these guys are on the hook and they will get stopped out to the downside All right, so you could put it together that way Um, that's not your traditional kind of divergence trade. It is up here instead heavy selling Not a whole lot of buying bringing it back up Okay, now the only problem with this one here Uh, is that you have your data here at 10 a.m Here we go. Look at the buyers coming in Look at the price range. Okay. This is looking like it wants to go Okay Yeah, here we go All right buyers, let's see it now. What does the heat map look like? Well, they're staying here in the order book Uh, they are on the bid though at a higher level here, too So I'm still still looking for our buyers to try to trade this through All right, we'll come back and take a look at this. Um, there there we go All right, so now we even got some trapped sellers here We should see the stop run up above into these these levels up here Okay, that's what I would be looking for Okay, due to the price action Uh, and the behavior of these traders in here in the volume Okay, this possible here that uh, this actually this is the trap here These guys that we just saw Yeah, so, uh, yeah It's not over yet. We can still come back up to the top edge here Uh, but yeah, it looks like that was a trap here Uh, now the sellers are trying to take control at the bottom of this edge here All right, this is something where you know, it's just um it's tricky uh and We were looking for this scenario. It looked pretty good Uh, and now we're back down to the bottom of the range here. Well, if it if it starts to, um Go against you on something like this the best thing to do is just exit and look for the next one Hey, because uh, you don't want to fight this Uh, you don't you're the business up here You're getting stopped out down here Hey, it's going to happen All right, and and when you recognize that get out All right, that would be um A great way to uh reduce the risk Right and someone like gary, uh, norton We've had several webinars with he trades from the dome. Uh, he mentioned something about this as well You know, he's looking for something very specific in the dome, which you know, we we don't know what it is It's his proprietary way of trading But he mentioned though like, you know, uh, you don't want to get stuck on the other side Uh of of the um You know going the wrong way Right, so uh once you see that and and recognize that get out Okay, in fact, you could it's possible you can even reverse if you're if you if it really looks good here All right It has to really look good though. Uh, you can really get yourself chewed up. Uh, if you reverse All right and look look what happened here. So we were looking for this breakthrough or breakout at this point Uh, and uh now We're back down at the bottom. Um We came back down to here Okay, this little swing here Okay, the next one might be here or the low of the day All right, um And then and then we found buyers trade it right back into the middle of the range here. Okay, so Yeah, it's we we're not getting our clarity here. Okay, so Anyway, guys, uh, we went over this trade. Um, or set up in here about, uh, the sellers coming in Uh, moving this lower and then this is our low volume pullback and this was not our low volume pullback in here All right, so that answers hector's question Uh, it also we started to get in the correlations after that. That's where I led to and that's what I wanted to cover This opportunity that I saw earlier Uh before the data here at 10 a.m East coast time And look it would be looking for the pullback to these areas in here First one here second one here Okay And a beautiful little example here. Uh, we covered in detail with the um looking at the correlated markets in here All right. Now that brought me into looking at the market polls tool Okay, and starting to understand my correlations also there or Uh more about the aggressor here in this example All right. Now one more thing I want to get into is the trader map pro Uh, since this was released as well yesterday Okay, so uh new new features in our trader map pro Uh guys, this is a very powerful tool. It's mbo data. So it only works It's a part of the mbo bundle Okay that you need and um the You'll need to have rhythmic data and uh, it'll have to be cme group instruments only Okay for futures does not work on other markets now these, um market polls tools work on all markets Okay, just to let you know, uh because it's the aggressor here Uh, however, uh, if you get the um mbo bundle Uh, these are included in it Okay, it comes along with it. We're trying to give more value to our bundles All right, so uh make make it a simpler choice Uh, let me just let me just go over the pricing here Okay, so if there's any questions, so I want to answer them now Uh, all right. So here here's our if you go to book map dot com um, and you click on uh Marketplace, okay from the toolbar uh here More button and go into the um marketplace over here click on mbo bundle That'll take you to this page here. Okay, so you can see mbo plus trader map pro All right, uh and um However, you will get the market you can see it down here the uh, uh market pulse volume pressure Okay, also the I don't know if it's been updated. Uh, I think you get the uh in market pressure Market pulse volume pressure and balance as well all right, so um You can get it at the bundle if you already have the bundle then you're getting it basically for free Okay, that's what i'm trying to cover here um Let me get to back to some of these questions in here Uh, hector lots of questions in here. Um, you're really gonna have to I just you know Continue to ask questions. This is right Uh, uh, but you need to go back and study these and prove it to yourself It's not going to be me that proves it to you You're gonna I can like at least share some ideas here Uh, you're gonna have to do the studying. It's as simple as that Don't take my word for it. In fact question the heck out of it All right, this is this is this is what what you need to do Okay, it's an idea. It's a concept like, you know, this is looking good here for continuation now Looks like the look out of all of that looks like the sellers are winning the battle here And looking for them to take it lower Why though? Okay, and then what what do what should you go back and study in here? Okay, well, I only saw this I only heard it here as well Okay, here's here's your pullback right here. Here's your low volume pullback right here And this is what you want to go back and study now study how many points this was too So this is not many points. This is just one point One s and p point Do you really want to risk a lot of money on one s and p point? Okay, so don't take my word for it Uh, go back in here and study it because this is what's possible here Maybe you find that this break down here one point or, you know, kind of pulled back and then went, you know Point in a half or so Okay, all right. So this range in here What if we get buyers up here? Okay, our big green dots up here. This is going to be a beautiful short squeeze Okay, up into, you know, 40 38 and a half 40 Okay So how many points do you want to see it break down is the question All right, maybe look at a correlated market Okay, maybe look at your I don't know whatever it is you want to study Okay, go through these scenarios in here mark down how many times it broke down a point and a half and then return back into the range Okay, look at here's point of control. This would be your mean reversion trade Okay, now, you know, again, I'm not a big fan of the volume pressure. I'm I'm sorry All these terms terms The your your volume profile. It's I like it. It's not bad. I think there's some pluses to it for sure trading back to a high Volume node makes good sense to me Also, just back into the middle of the range and where I know there's a lot of transactions the same Concepts same idea So this looks like a good, you know, pull back here Okay, I would even say here is better than here in this area here, right? Because this is where it broke from So if we get buyers that come in and you start to see that look for these sellers to be upended Up into here Okay, let's just call it 37 That's something to study go back and do the study in here I can I can come up with the concepts we can go through and say oh, I did this I did that but there is This is not 100 certainty. What so ever? This is probabilities All right, you need to and you need to prove the probability to yourself and you have to believe in it 100 percent And you have to have a way to protect yourself when it doesn't work Okay, that's what needs to be done All right, and then there's going to be nuances in here that we will cover in these webinars like look at the bid Okay, they're bidding up in here All right, are they staying in the book? Are they pulling on the offer? Do we find our aggressors in here? Okay, are we starting to get price movement and volume pressure imbalance? No not yet Do we do we up here? Let's see it at just about 35 and three quarters 35 and a half For me this would be a go. I would I would take it Right now. It's not a trade recommendation Hey, but I went you know, I've looked at enough of these in here and and have documented enough for me I'm looking for this scenario to unfold and I would reduce the risk up here at our 37 And then try to hold for a winner or runner point made um And uh, yeah, we'll see right so Let's say I got in here 35 and a half. I'm still in it Where's my stop? Well, I would I put you know, I look for this to work now because of my reasons I'm looking for the test and and take some off up here at this 36 and three quarters or 37 okay, uh, I I may um Yeah, I don't know. I may have my stop down in this area here um I may even have it tighter Uh, because I'm looking forward to work right now Right, that's something that I look for If it doesn't work right now due to the order flow, I have something I was off something's wrong But that's that's the way I like to trade Okay, so then I just reduce the risk Okay, I'll just get stopped out at break even or you know, uh, take a small take a small stop Okay, and just look for the next Okay, so I would still likely be in this Uh, because this 36 36 and three quarters. This is what it gave us 11 traded up here. Well, there's 129 130 up here. I'm not getting filled up here with my limit, uh Limit cell. I'll tell you that Right, so yeah, you know, this would be uh I'd still be in it If my stop was here, I might have moved it up All right, so anyway, that should answer a lot of questions for you Hector because I you're you're asking for a lot of Asking a lot of questions, which is great But you're looking for certainty The certainty is not going to come from my my answers It's going to be it's going to come from you doing your study and that's where you're going to get your certainty All right, sorry guys. It's kind of a funny funny session. Um, but um Uh, anyway, uh, let me let me continue on here a Luis All right, so, you know I would have been out one and I have my runner on Okay, now it came almost to where I had my stop right. I mean one tick away basically Well, this one worked out All right Now this is the thing to go back and study too. Look at your market structure in here I'll get to your guys questions in a minute. Look at your market structure in here Okay, is there still reason like or How much did it pull back? Okay, after looking for this little area in it was in here This is where we would have gotten in now these again not a trade recommendation. This is um Only for uh educational purposes Uh, if you got in here, how much should it go against you? Hey, what was your your? Uh Maximum, uh, you know excursions adverse excursions here Okay, it went it went against you um From 35 and a half down to 34 and a half. So it went against you one point here So that's something to study. That's something to put into your um into your um your plan your study plan Right to understand how much it goes against you. Where where do you place your stop? What's the last swing here? Maybe you look at swings. Maybe it's down here that you want to place your stop Okay, well, then what's your risk-reward ratio if you do that? Okay, these are all things to consider All right, and that's where trading can get complex But just keep it try to keep it really simple In fact, maybe you get all in all out and that's it. You're just looking for it to work And then that keeps your trade Management very simple and it's more about your setup and you're studying and looking for your edge and your setup Okay, you can work on the trade management later here So for example, here's this is like one to one here if I had my stop way down here This would be one to one Okay, and that's not a very good ratio, right? Or maybe you would be looking for you know two to one Uh, but uh, so you can be wrong twice and you get one winner And you're you're fine These are all things that you'll need to look at you you want to study your ranges Okay And that's once you have that information um I you know start start trading it uh In in sim uh start trading it in in demo Live demo start trading it in micros You know and then start to Consider your trade management, maybe scaling in scaling out However, you want to do it Okay, maybe it's not all in at once maybe scale in Maybe you're in half here. Just note if you're in half here And it goes immediately up You're only getting half Hey, there's gonna be gives and takes to it all. All right. Let's let's continue on here. I think I've belabored the point Yeah, you don't see much difference. I think uh louise and uh in here um, yeah, the the the euro dollar is not it doesn't you know, it's not a big mover like uh You know compared to you know, the uh indexes and the stocks as you can see here Yeah, I you this is a study you'll have to you'll have to go through um And look at your correlated markets in here You know the percentages in here, uh, it's because it's looking at a percentage change in here basically I'm sorry. It's not It is percentage with the other ones, but not the euro dollar. So maybe maybe what you can do is uh, maybe if you Do open up another um es chart and then Put the euro dollar on it as a correlated market. Maybe that'll help Right and then because that's gonna or maybe use nasdaq as the big mover. I don't know whatever it is Play around with it to see like, uh, you know, if maybe you can get a better correlated Read out here Yeah, block orders. Yeah, sure. You can look at block orders in in bookmap as well. Let me show you how you do that um, you can Come up to your studies configuration or Right click on your volume dot go to volume dot settings here And then these are your block trades down here minimum trade size Let's say you want to look at 20 Okay minimum of 20 And then you get that these dots in here are only showing you minimum of 20 Uh, you might want to go to your total volume uh in here as well Okay, instead of volume delta, all right, so um, yeah, let's see what it says here Nice move, uh, so this is following 44 Yeah, okay, so it's it. Yeah play around with it like uh and see what you come up with but you might have to switch over to total volume um Maybe not Anyway, I like the volume delta Setting but that's how you do it. Uh, and I'm not a big fan actually, um Uh About looking at the um the block trades. Here's why uh We had this actually from the very early stages of book map the block trades are great Uh, however, not in the algorithmic environment. Uh, it doesn't really You know work like that, uh as much as it used to so What you can do is You can filter for when lots of trades happen very very quickly with minimum displayed volume here So what i'm filtering for is within a very short time frame, uh, a thousand traded, right? Uh, and this is going to be based on your zoom level actually. It's kind of funny, uh that way But uh, I'm not getting any out output here. All right, so we're going to have to reduce that So let's reduce it Let's go half All right, so we have we have a few now So when 500 transacted within a very very small time frame very small like one pixel Small, uh, that's what it's based off of Um, uh the smallest amount, um available on the screen. So we're not getting much there. Let's half it Okay, 250. There we go. Not bad now. Look at the volume here, right? So this is um, basically the reason why we have this set up here or this feature Is a lot of the block trades have been replaced with several small very quick transactions Instead of a block of you know, 250 of one trade, you'll see 250 trade of one order each or one, um, size, um order size each All right, so, uh, that's a way to, uh, filter for that Okay, so you're gonna have to play around with it. It's going to be based on your zoom level too So, you know, when you zoom in and you start to pull apart this, you know, the pixels in here, um, Then it that that condition will not be true any longer All right, so just note that Let me show you where you can find out more about that as well Go to our new learning center. It's all free Go to bookmap.com click on the more button here and go to learning center And and bookmark it here. It's under we have a new It's at bookmap.com slash, you know en slash learning Dash center. It used to be just learning. We put the dash center in now So, uh, trying to be a little bit, um, clearer about it, uh, and, um It's under here the course. Okay getting started course. We just put this together Okay, just go here and go to volume in here and Click on volume dot display. All right here. I'll put this into the chat for you and you can Go directly to this page Okay, it's it's the filtering ones down here though. Well, in fact, let me give you the filtering one Now just go to the you can see they're very short So start with this one and just watch these these three here All right, that'll do the trick for you. All right, so here you go There's the link Learning center is great. Thank you, Luis. I really appreciate that we put a lot of hard work into it and I was kind of absent last quarter um A lot of these webinars I cancelled because I was working on that And there's going to be more that I'm going to have to put in this going to be trade setups That's why we're going over a lot of trade setups in here. Uh, we'll have a new course in there for trade setups All right Uh, it's going to be great I'm really looking forward to it. Uh, we're going to be able to really offer Uh, some some great stuff for you guys Okay, and we're talking about holistic here trade setups trade management trade psychology studying how to back test Uh answering a lot of uh hectares questions That's that's what our goal is uh here is to answer hectares questions Well, here's another thing. This is something that we talked about with slowdown. Um For several weeks now, uh You know He was documenting really nicely. Um, really very precisely documenting, uh, a lot of the um Uh reversals Right and they take a while You think you got it and like, oh, you know, it's going to go a million points the other way It the ship has to turn around here. Uh, and it's not just the es That's why we want to look at the correlated markets as well Is like it takes a lot to kind of turn these things around Right look for your stocks look for your is what's happening to the dollar. What about the bonds? Um, you know, what if it's, you know, if the markets are really sensitive to the price of oil As we've seen many times You know, that's another correlation you might want to take a look at at that point Now when you when you can start to look at some of these things in here, um, you're going to get a lot more insight Okay, and then you can look for when these things might turn around And we did not look at the correlation at that at this point down here Okay, we looked at it. Um What were we looking at in here? We're looking at this we're looking for it to happen here It did not and then and then it did happen in here and we we thought okay It's looking pretty good for coming up and at least testing up here Uh, and uh, it it took a while You know, look at the selling coming in now. So this this move is done right um, and You know, we're still in a downtrend here Okay, so this reversal failed here Okay, it it it did the trick it went above this little 39 area here Up into what we were looking for earlier kind of 40 ish 41 Okay, Hector, here's your pullback as well All right, and then now look at the sellers come in they've had enough Okay, right down to here 35 Okay, right down to where are we were looking for? Uh that opportunity to go long in here Okay, well price action looks good here on our our market pulse Uh, and uh, what about our um volume pressure? Nope nothing dried up was looking really good earlier You can see it and we heard it Okay, so now what are we looking for now Hector? We're looking for a pullback Right, we don't hear the volume come in now Okay, so where might it pull back to? Let's take a look it's already done it here on the small range Okay, that we look for our ranges in here Especially typically the stronger the move the more shallow the pullback typically Okay, so here's our little range in here and it did pull back to it right here Okay, now what about where else might it go? Well, I really don't see anything until just about here which lines up pretty nicely See see those little ledge in here and see this volume here See where the sellers really came in they came in well, maybe here, but they really came in here at 38 So let's mark up 38 And that's what we'll be looking for a bigger pullback. That's where it would go You know something like that. All right, let me get back to um Yeah, these are all widgets are part of the market pulse at louise and that in the top right here the um Is this what you're talking about you said top left trader trader al or ia No, this is our imbalance indicator. We've had for quite a while as well um a book in balance and volume in balance Is based off of the chart range that viewable chart range. So if I zoom in this is going to change Right, and it just it's a very simple calculation And all it does is Calculate, you know buyers versus sellers and and kind of spits out your your imbalance here right and it also makes that for the For not just the volume but also for the order book Okay, the order book is for current as well as viewable range in here Which there are settings in here. You can you can play around with as well All right, this come this comes as part of global plus if you're interested in that right now that market pulse um Or i'm sorry the mbo bundle with stops and icebergs and trader map pro. That's all part of the um mbo bundle and it will include these new algos here as well for the um Market pulse Okay, bobby got it All right, so here's our drying up again and now looking for our pullback here Let's see if we get our pullback to 32 and a half. So already done the first pullback here I think there's a little more juice in it though. Look at the volume pressure coming in Right, so maybe maybe up to here 32 and a half almost almost made it already Okay, now we haven't even looked at um our higher time frame levels here We've been covering so many different things in here Uh, just What we're covering in here When you start to look at your higher time frames look for the same things Okay, like your levels in here okay, so Like down in here you'd look for what's going to happen down here 41 24 Or you know these wicks down here. This is a great target 41 24 25 down in this area here Okay, we we see what happened here. We had um our gap fill Okay, the the data came out continued on lower. We had a big pullback here and we continued on lower Okay, now we're starting to find a wick here starting to find some buyers I don't know doesn't look too convincing But it's just this little pullback here. There we go to our 32 and a half There you go hector. There's your pullback Okay, this where would your entry be on this? You know, I'm still trying to I'm not much of a pullback trader I'm still trying to refine my uh Entries on this and I don't know what I think about it yet um A lot of times I look for the order flow in here to tell me Uh, that's what I typically go with is just let the order flow tell you in here. Okay Uh, and that is the safest way to do it Okay, because in here there's there's really no reason yet. Um Now we might have a reason here Okay, let me make the dots just a little bit bigger Okay, because these guys might be trapped Right, we have a trap now. We're looking for our sellers here and then we're looking for them to continue on lower Okay, so we We want to identify those traps It's going to be fuel to the fire to the downside Okay, so you can see what's happening here. It's actually You know going back and forth in here Uh Looking better here now now. I I really like it a lot better. I got to see the sellers here though All right, or you can look for your lack of buyers up here your exhaustion Uh, and then look for a little bit of selling to come in and trade back down to 31 and in that quarter here The bottom of this little little range in here. That's just a scalp, but the concepts are the same All right, uh other ways like, you know on the on these pullback trades I know that this is low volume You can look at this look at it in the bars. Look at it in the size of the dots Okay, and it came back to the level we were looking for So a lot of times I kind of think well Um, it's it's dangerous, but a lot doesn't transact up here So this is something you got to study If a lot isn't transacting uh up at this area here Then it we're looking to get in at at this area Okay, no matter what Okay, now if we're looking at tons of buy volume in here, that is not it Hey, we're looking for a very little volume Up into this level here and we did get that right So then up here you're sitting, you know pretty well Uh, you had your reasons for getting involved in here Uh, and in fact depending on how you trade like, you know, if you if you got in here, uh, you know Maybe you took, you know, you scale here and reduce some risk Maybe not, you know, maybe uh, you're looking for a bigger move Okay Something like a down to 28 and then taking some off Whatever it is that you get you got to figure out your your risk, uh management part Yeah, so you see how now it's these these areas get tested here Uh, we're still we're still in a downtrend sellers are still in control from this point here Uh, but uh, you know, they can get upended very easily Right, so let's let's talk about this. This is a low volume pullback and this is a setup Uh, this is where it it really tests you Okay, it's above it here. It's above it on volume Right, so now buyers can flip this and take this higher Okay, very easily Doesn't if even if it's a low volume pullback if you get buyers on the other side here look out They can take it Okay, very easily in short in short squeeze, uh All of these shorts in here However, a lot of times what they'll come up and I mean price will test up here And just not find any more buyers Now we're still looking for sellers below that area here Okay, so it's still on here Right, so that's the tricky part here in fact You really want to see sellers here If you get sellers here That means that these guys got it wrong Okay, they're trying to buy it buy a breakout And uh, we're looking for trend continuation All right, so now do we get our big, you know red dots down here? No, we didn't Okay, so that's what we need to see. This is our pivot point right in here That we're looking for Okay, where these buyers came in and where they're out of control they are in control in this small move here And they still remain in control Okay, until we get our, um Uh sellers below that in here All right, then we're looking for the break Okay, now there's a million ways to slice and dice that you can look for your exhaustion here And you can trade it back down to here 32 and take some off I know that's only a few ticks at At, um The concept is what we're covering here Okay, so let's see if we get our sellers in here Uh and uh I don't like that the book is you know showing on the bid here, uh some strength And that's that's doesn't really fit what we're looking for We're looking for these guys to pull that liquidity and we're looking for the the uh offers to Strengthen at a lower level here All right, let's see. Let's see. Do we get our sellers here? Anyway, so hector, I'm I want to cover something in here. So, you know Let's suppose you you're not going to do your studies I know you're going to do them, but let's suppose you you're not going to do them You're going to come in here. You're going to listen to these webinars you're going to look at book map and you're going to you're going to read it and um You're going to try to draw conclusions and you're going to trade it and you're going to think well You know, I did what they said and I lost money. This this sucks. Okay, uh, and and But you you you didn't the if you did that you wouldn't have understood What exactly you're looking for in here? Uh, and uh to understand that It will work out over time If I have many instances and I understand this in here I understand how these markets work I understand exactly what I'm looking for and I'm also reducing my risk Okay, so in instead of taking my word for it is just a concept uh, or a, um It's an idea to uh, as a starting point Okay for you to build your edge All right, that that's what's really key here Okay, it's not that oh, you know, I did exactly what he said and it did this Uh here, let me show you there's an example in here stan uh, really, uh great stuff, um stan, um reached out to me here on I want to show this it was it was just great He detailed out a whole trade, uh That he had his reasons for this in here and then I I replied back like, uh, uh, you know, he any this is perfect read it perfectly All right, so uh, look at this up and high high volume It was a high volume node that he's looking at. Well, there's high liquidity. Okay, there's high volume here But it traded right into this high liquidity absorbed He understands absorption now Okay, and he sees exhaustion here. He understands exhaustion He sees sellers come in here And then he sees sellers down here now the thing there was one risk in here Um, and we'll go through it uh his trade, but there was one risk in here Uh the the sellers in here. Look, it's not it's not a whole lot Okay, they are selling Okay, but it's not a whole lot All right, so what happened uh the um Here let me open it in the browser uh what happened is uh Uh They they the price came back up to here and you saw you saw buyers up here But now he also identified. Okay. Well, they're you know, his entries. His entry is here Looking for this to to go lower Right, and it's looking pretty good. But you know, there's just not a whole lot of selling down here yet Okay, so one more test up here, but now it can't make a higher high you get sellers. They are absorbed Um or stuck here. There might be an iceberg on the other side. It probably looks like to me Uh now he's getting sellers down here Okay, and and his his trades started to work out in fact Uh, it really worked out Okay, uh here's a continuation this third image of it And this is what happened Okay, here's where those those buyers were stuck earlier. Now the sellers came in Here's another pullback still trying still trying Okay more come in now. Look at the offer here More on the offer Sellers coming in Uh, his target his first target is down here Or i'm sorry first first scale was here second targets down here Great. This was just great Right, so I now Not only do that Okay to understand What you're looking for But uh put it into a study as excel spreadsheet Okay, put your image in there as well Right now try to get try to get at least 17 instances of that Pullback trade or whatever it is that you're looking at Okay, uh and then document how many did it go against me? You know, what instrument is it? What time of day was it? What was the volatility that day? Etc. Now you have something Okay, at least 17 All right, you know, you could do that in a few days Use replay mode and book map and go back and study a bunch of different things Or just study it each day and add to it each day Okay, we were looking for this scenario here, right to play out Okay, well it kind of did it and then it pulled back again And now it's following through Okay, and it pulled one more pull back here uh to the low And this is where we said take some off Okay, and then look for look for follow through. I don't like this I look look at this buyer's here lack of sellers here Okay at the low of the day. I don't like it Like there if we get buyers up here look out Next area is 32 and a half 33 This is a little double bottom and balance in here Okay, so now you might want to You know consider Exiting your position and looking for another setup Okay, because there's risk here. There's is risk not just not just on managing your trade to the upside I mean, I'm sorry to the Downside going against you. There's risk, you know having to take your profits as well Okay, maybe this shook you out of the trade. Hey You're talking about reducing risk here. We don't know what it's going to do There was a potential here. They're pulling here a little bit on the on the offer We see the buyers come in here. We see the exhaustion or lack of sellers here And a little bit of buying in here Yeah, you know reduce your risk Okay, so you took some off here and then you you probably took some off here And now you're looking for your next next trade setup. Now. Look Look this this this is that, you know, not a not a big trade in here You know, we've been noticing that in the s&p. It's only giving us three four six, you know, seven points something like that Uh, whereas a few months ago. We were getting 20 10 easily All right, so you're gonna have to think about your scaling then Uh as well All right guys, well, we didn't get too much time here to go over trader map pro. I'll have to go over it next time Um, we we've covered it once before But I did cover the um, uh new volume pressure and balance In here and we went through a lot of different things today So let me see if there's any questions in here Yeah, a c so you're looking at price change and volume pressure and balance together. Yeah It's up to you. Um, I I like that idea I haven't it's it's a new one for me as well this volume pressure and balance, but to me it makes good sense I'm looking for that pressure to come in and now I'm looking for price change as well Great go if you're a momentum trader. That's all you need Go with it right look at your levels though and and uh Now you're looking for that that pressure to really increase Oh, hey debra Yeah, yeah, thank you. Thank you very much. Uh, happy father's day. No mother's day, right father's day is in june um Iceberg buying at the moment. Let's take a look might be Now there was iceberg selling in here iceberg buying over here though Yeah, it's kind of all over the place um Well, anyway some really great, um New things with the trader map pro Filtering to really get into the details in here um And looking at your heat map. Um, I I would highly recommend it I mean filtering this heat map and getting rid of some of the noise. Let me just show you one Uh, and then we'll end it there But and guys if you like this, please hit the like button It it doesn't cost anything. It doesn't you're not tracked or anything, but but it helps us so That's why uh, I I always ask Um Let's see the trader map pro. Let's go over that here it is here Okay And let's create a new map All right, and I want to show this one here Okay, uh, you can give it a custom name here. Let's add a map filters. We're going to use a um A new filter in here. Uh, we're going to use the um Uh order size percentage. I love this one Okay, instead of setting the uh orders in here. I'm going to I'm going to use percentage Uh, and then uh, you can use the slider here as well And when you use the slider see how if I go up to 40 percent it tells me 37 contracts and above Or whatever whatever you're looking for. Um, and um Let's click play And then 37 and above where are they? Or was it was it 37? No, it was more than that quite a bit more All right, let me let me go back to my settings here. What was it? 56 was uh, was it? Okay, so um, uh, yeah, it's they're Really far apart right now. All right. Let's let's stop that one and actually I I want to show this other one though Uh to play around with this it's new. I'm playing around with it. I really like it Uh, let's create a new one here and um add and we're going to add in it's um through uh The uh data distribution here or no, I'm sorry is it it's through the um, uh order um Order change filter here. Okay, so order change filter Uh, and then it shows okay. Was it changed or not or unchanged not changed Okay, so I'm going to click unchanged here and I'm going to you you also have selection here of price or size or price and size here Um, let's keep it at price or size now. What this is going to show it sounds kind of complex. It's very simple Uh, when we hit play here, it is going to show me orders here That were did not change by price or size therefore What it means is that they stayed in the order book if they change it takes them out of the Uh of the uh calculation here and will not display them Therefore what we're looking at is longer term uh high liquidity that has not changed It has not changed its price level. It has not changed its size Okay, so What that means it is more likely that this is real liquidity And that they're going to stay in here in the order book. That's what it means All right, so now you have that insight Well, all right, so I'm looking then for if I'm in a trade and maybe it's a longer term trade or I you know I've got my stops way up here or my where do I place my targets? Well, this looks like a good area right here Right around this 27 and a half Uh, if as a uh as an area to take some profit All right, or uh, yeah, I mean trade down to it or you know um Manage your trade off of it whatever Whatever the case is Okay, so you've just filtered out looking for longer term high liquidity that Has not changed uh price it it wants to they're just staying in the order book waiting Okay Which is a lot of the a lot of the stocks do exactly this they they do not change you can see in tesla here All right, so you can really target these areas here In the stocks it's very much like this All right, I love this tool uh, so uh Just getting better at it All right guys. Anyway, I'm over my time limit and Tom B is up if you guys are interested in your volume profile jump over to there Right after that we have uh, frank Moreno, uh He'll be it's in spanish. Uh, he's futures and stocks trader and then later we have after right after that we have Dug options with dug and then later in the day we have Algo boys futures traders. They'll they'll wrap it up from 230 to the close Okay, thanks guys. Thanks everybody. Thanks for coming. Have a great weekend. Hit the like button there And we'll catch up with you on monday. Uh monday, uh Yeah, I I might be presenting on monday. Uh, however All next week we have our pro trader webinar series So, uh, uh, it'll be at 10 a.m Monday we'll have Fausto Puglisi in the afternoon though. He maybe we can get him in the morning. I'll I'll see and then Tuesday we have, uh, frank, uh, Moreno At 10 a.m. And we have jay trader and then scott wednesday thursday and friday. We have charles From pirate traders All right, thanks guys. Have a great weekend and we'll see you next week