 Good morning traders. Welcome to the book maps all markets webinar. This is Bruce at book map and we're going to go through order flow using book map and How to read it and integrate it within your trading plan? And that will give you edge 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 Involved substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results All right, so let's jump in here and see what's going on in the markets We you can see that we had Some data here the market has looked favorably favorably upon and look at that volatility and And for those of you we've talked about in the last several webinars about understanding market moves and just understanding the the binary move behind it how these markets work and Just for example, let's just zoom in here Understanding the any of these moves in here just one tick move. It is the aggressor here that moves the market The green dots and the red dots. These are market buy and market sell orders But it is a context here between market structure and previous transactions in here What is value considered by other players and then also who's taking the other side of the trade? That is the liquidity you see in the heat map here and is this context that gives you the answers To what's going on in here? Well, and here's the answer to this one You know, there's there's an event and then look at all this buying Hey, it happened so quickly. We're down at like, you know hundred hundred and fifty milliseconds here and someone's just buying buying buying right after the number comes out as you can see and Actually a little bit a little bit later to be honest the number actually comes out here. Well, I Guess it came out a little bit later It must have And then we see the the buying that comes in Hey, this is what moves the market. Hey, the market went higher And and then look at this area in here Okay for a while There's no transactions not one Best offers are I'm sorry I've got it wrong The We see this kind of update here that took took a little bit and then and then Once that update was finished then we're getting buyers and sellers back into the market here So this is kind of a unique one actually You can see how the bid and the offer are inverted in here So after this buying in here, we see like a bit of a pause in here So if any of you were trading that you would have experienced this And and then it was actually a kind of kind of an odd event to be honest looks like about four seconds That there's nothing going on in here Not one transaction Then the markets update and you see this big cell here and then and then you see it resume again Hey note how there's pulled liquidity across the The board here there's just they they stay in the book down here at This kind of 56 and 55 area and then up here. They're staying in the book as well And that's what we're seeing so Then the update occurs four seconds later and then trading resumes again Okay, so Anyway, that's that's what happened here and this volatility in here. Well, this is kind of a rare event to be honest but to see to see this kind of pause in here which is really kind of odd Anyway, the Volatility occurs when there's a lack of liquidity and this is showing it. Okay, very clearly right, so This is how the markets move and we talked about this and extrapolating that into bigger moves Over the last several webinars so that you can understand these markets from first principles on up Okay, this understanding Will help you on all time frames and we can zoom out and look at what's going on in here They will we're trending slightly down See it kind of start to looks like it reverses in here We continue on down we retest this low here and look at the buyers come in here Okay, that stands out. This is what's moving the market So the same concept that we looked at on that sub-second level is right here These guys oops hold on These guys move the market Sellers came right back in after Okay, but did they really move the market a whole lot? No You know, you see the big red dots in here, but they did not come back down to here Okay, so if we can see this kind of back and forth we see buyer sellers buyer sellers and then that we see the quick move to the upside Okay, so buyers remain in control and this is what's moving the market It's as simple as that Until we see something else All right, so that move is Exactly the same as if we zoom in here and look at This move in here Okay, we can even look at a fractal of of these moves these buyers in here move the market higher more buyers in here They move the market higher Look for this liquidity to transact Look at the buyers come in This is not you're not going to find this in trading books. You're not going to find this in Other education Because no one talks about it. They don't talk about market mechanics No, no one goes over these kinds of details in here Maybe they're starting to now, but I can show you our Learning Center if you go to book map calm. We've been going over this education for a long time So let's just let's just go to the more button here and go to the learning center from book map calm It is the market mechanics course in here. So if you haven't seen it, I would recommend it Part one go through it and understand things like What moves the market here like that like this in here? Okay, we go through this in diagram form so that you can understand that and Once you understand this like I said you can extrapolate that Too much much higher time frames. Hey, look at the sellers come pouring in now This is where the buyers took control of the market sellers have now tested that Below it. Hey, so now if sellers are going to continue to dominate in here I'm just looking for a pullback to here and Let's see if we get more sellers. Okay, and we see the book in here More on the offer more supply And if we do Then and we get sellers start to roll in here We're looking for them in a trade to 68 and maybe 65 and on down Hey, but it's here that we're looking for it Right, and I don't see it yet. Now. There's a little bit here. Not quite out of the woods yet Hey, so looking for maybe a retest back down here our sellers and then the move down to 68 There we go. All right sellers. Let's see if you can do it now That how's that order book look there? There's a bit here on the offer Let's get a bit more selling right here, and they should be able to move it down to 68 and beyond Well buyers counter here Sellers come right back in okay sellers now you got it. You got these guys on the hook. They should be stopped out into 68 Interesting action in here the bid is showing a little more action here at a higher level here Sellers got a trade through that now So we're kind of in a in a in an odd zone actually to be honest Yeah, this is where that fundamental event took place Okay, now this guy pulled and we got our sellers again They'll to hit it now Hey, and again like it doesn't matter about As I want to make a point here about this. We're not trying to call the market We're trying to read this behavior and then understand where it might go next Because that's what you can do with order flow Okay, if you start to understand these moves in here who's in control in these areas in here Then we can look for these moves to start to unfold Okay, so this is still in play now Like it is getting a little worrisome because I didn't see a whole lot of selling down here I don't see a whole lot of buying up here either But if we do get buyers in here, then I'm looking for the opposite scenario at that point Hey, because we're not we're not getting our sellers down in this area in here Hey, we're now we're starting to all right. So they should be able to hit it here still Still looking for it And I'm just worried about these buyers coming and whipping it back up here Lots of buying here and then the squeeze the short squeeze is on to the upside All right, so we're kind of losing some of that that edge in here. We're missing that in here So yeah, it was looking pretty good in here This bid in here was not not so nice, but then exhausted here. There was no buyers here That's when the sellers had it, but they didn't hit it here This is where they need this is where we need to see them at this point And they didn't show up the buyers still didn't show up up here So we're still not, you know, not quite sure yet If there were buyers in here, then we would look for that move a higher Now we're getting our buyers up here and now we're actually looking for buyers to squeeze the sellers And I'm looking for them to trade up into 73 and maybe 74 up here. Okay So let's see if we can get them all right up here now look now We're kind of shifting this whole plan in here was looking pretty good Now we're looking for the squeeze and the buyers Let's see it Okay, there's some exhaustion No Not getting it Okay, all right, so we got our sellers back in below that buying Yeah, yeah, it's is This is a harder read in here for sure trying to read who's in control in this area in here Okay, the clarity was here to begin with looking for the next move and We got this back and forth in here. You have a very low volume node right here, but And that's where this move you can see the structure in here At this 68 here We're kind of broke out a little bit below that 67 basically outside of this range here. Anyway, the point is like By understanding the behavior in here we look for the follow-through Okay, we don't know we're like we're sitting on the train backwards basically We don't know where we're really headed the only thing that we know That that can guide us is the liquidity In the in the future or what's what's ahead of us here? We can look for areas of that liquidity to test and to trade The the rest though is is market structure and volume within that structure. Okay, and we have the historical Context here with the with the liquidity Okay, so we can we can see what kind of now now it's it's pretty easy, but It was some back and forth in here. I Really thought that we'd get the squeeze actually here at this point To the upside we had sellers right back down again And then then the buyers came back in if and then we got the squeeze to the upside. All right, so yeah that was a hard read and Kind of a lot going on After this point though, this is looking still really good for that move lower now based on understanding the context in here We still look for that move to unfold get it wrong fine, look for the next setup but By eight being able to understand The behavior in here you can start to look for these moves to unfold right All right, so and then Stephen is is saying in here the The education yeah, there is nothing else like it out there Yeah, I agree. We've had this education for years Breaking that market down into its Kind of binary components and understanding what moves markets. It's not candlestick patterns. It's not indicators. It is Traders it is the order and the order. Okay See here. See if there's any questions over in Tube Okay, good All right, interesting move buyers coming in hand over fist now looking for this 80 here to trade and This is momentum move here We see the strong move a pull back a kind of weak pullback. So this is our flag pattern In here. We don't have too much on the on the bid in here To help us, but we do see the move back up into 78 Well, you can't even get to 80 that Yeah, this is this is some really some back-and-forth stuff going on in here Yeah, and then you can see this high liquidity that just came in here after the selling Had come in. All right. Well, let's take a step back in here and We're kind of really been it's been quite choppy between this high of the event here And in the low and we're chopping around within that area The slant is still to the upside here after the event The the event move us to the upside and these pullbacks in here Are not they haven't even come back down and retested where this event started here So we still are bullish in this by accepting up in here Okay, so After this this event now we can also look at the the volume within this event here And then start to understand What's happening within this area in here? And who's who's in control in terms of volume and we're looking at our imbalance indicator up here volume and balance and It is it is pretty equal here. There's a little bit more selling than buying. That's that's it So we're actually not getting too much information out of this in To be honest Hey, there's this there's buying and selling on both sides. This is a nice strong move here and then we had the Slight pullback and then another strong move that sellers came right back in and so we're kind of Back back in it again here back in the range Fires look like they want to take this on here. It's a very very high liquidity 16 almost 1,700 contracts there Okay, but look at that we came one tick away from it Yeah, I We didn't look at the bigger picture yesterday. Let's let's actually do it today We actually have the weekly chart over here on the left the hourly in the center and the 15 minute on the on the right And we can glean some information here of this move up into These swings in here on the 15 minute chart but Let's let's take a look here on the What I wanted to show on the weekly is that we traded up into where the sellers came in this was back on In August and this was kind of early August actually From this kind of high here that we see and then we see the We've reached that area now. We follow this move all the way up It was a lot of fundamental data in here After trading back down into these lows in here The the fundamental events kind of happened a little bit, you know after a rebound But we had FOMC. We had non-farm. We had CPI data And then we're still getting pretty good data and you can see this has been moving that market higher Let's take a look at the daily in here, this is the move I'm talking about in here And what about today? What's happening today? So we're on that weekly you can see we're trading up into this area here where it dropped from so We're we anticipate a slowdown up at this point Maybe a bit of a pullback maybe a consolidation period There's a lot of trading up here that a lot of selling up here there's gonna be a lot of profit taking up here There's gonna be maybe sellers looking to reverse at this point up here Hey, so That that's very typical at these edges of these ranges and let's take a look at the daily in here So daily Well, we can see yesterday's price action and also today's here It's it's an inside day so far. In fact, we've tested the low here. We've come right back up Hey, so these can be very very choppy days On inside days now. It's a pretty big candle here from yesterday So there's a lot of slop in here a lot of potential moves to highs and lows in here So let's then jump into the The hourly here and see what's going on Hey, so on the hourly chart also quite a bit of chop in here This was the the the gap drop from Yesterday and then that action down here. That's what made up this big daily candle And then today we just filled the gap actually here on the 15 minute chart And on the hourly here, we kind of tested the swing low down here. We're seeing buyers come in, right? At least on this hourly here on the 15 minute chart just taking a look at that We trade it up to here and it rejected. Okay pretty strongly so You know, we're looking for What is going to happen here? I mean, we're right back into this kind of cluster in here right so it's it's Pretty pretty choppy kind of action right in here and it makes sense Hey, we've tested the lows. We've tested the highs We've tested the highs twice now and rejected Hey, so let's go through a scenario though on this higher time frame in If we start to see buyers come back in Hey, and we're starting to come back up to these highs here around the 78 or 79 This would be the third test and we would look for a break at that point It's tested up here multiple times And we look for a break at that point Right, so let's jump into book map and let's take a look here Okay, so yeah, we have a little bit of a structure here and the buyers are coming back in Yeah, don't don't like it right now because this is where the sellers came in Right in here, right. This is where they dropped it And that's where we're testing So this is a pretty nice move in here Yeah, it might continue on up into 76 here But this has been almost an equal move in here I'm looking for maybe a pullback and Then we can get an extension move. So right now. I'm not looking for buyers to break up above and Hit that 78 and 80 level They're looking for a bit of a pullback in here. This might be a good area for a pullback right here Or where the liquidity is And the liquidity is here around 70 and a quarter or 70 and a half trout fly You asked about what's the best way to interpret session volume in the Delta Yeah, I mean you you can look at the Delta you can configure it here and look at Delta if you want Delta is a really interesting way of looking at it. It's by minus sell So this is for the session Look at the buying up in here. They look at the selling down in here. Oh This is where buyers can take control of the market It's the buying up in this area in here and Or we can look for the squeeze on that Any buying in here? They're gonna feel the squeeze back down Into the middle of the range in here Right. So this is it's really good way of looking at some of the volume here on the aggregate the Delta Okay, I don't know if that was your question But you talked about the Delta and session volume Delta All right, let's see if these sellers can get a bit of a pullback here to that area. We were talking about Hey, maybe deck back down to about the 70 and a half See any other questions Your V pock is migrating higher. So it's 73 Okay, that's a good sign Yeah, just sorry guys just not really seeing much right now like there's a couple scenarios. We can go through I would look for This where if we can bust up above this line here and we get big buying here We can get we we might get a nice move Right back up into 80 that we were looking for earlier in here and it couldn't even do it But yeah, that's that's one scenario in here So if we look for that week, you know, we'd be riding off of this move in here and Else if we don't get that we're looking for the sellers should just you know test back down to here to begin with And this 70 and a half level and it's due to this kind of like area here Basically, and that that's kind of what's unfolding at the moment Steven I'm gonna I'm gonna challenge you on the V pock and Yeah, I mean, it's what there's something I really like that about the the point of control is Well first off, it's it's basically an an average in it showing value Or it's not really we're assuming it showing value but it is it is what it is showing is transactions and and It means that a lot of transactions are taking place or the most Transactions are taking place within a certain area Hey over time and that's good. That gives us insight that We know there's a lot of trading activity there Hey, so it and we can learn a lot from that and understand context in that There's a lot more though To take a look at so for example, let's see this maybe we'll get our move in here See, this is that our second scenario in here was getting our buyers up here So it looks like they're coming in And now we really need to see them pull away here. Just this is just a pullback to this most traded level here Hey, so if we're going to break here, it's got to be really significant by volume Okay to pull this away from this kind of most traded level here So and what will help on that? Well, what will help a lot is? Trap sellers In certain areas here, so And I don't see a whole lot and there's some in here Perhaps but not a whole lot right now And so you can see we're kind of just going back and forth Hey, well my challenge is is about Well Hey, you can use your your V poc, but look at your ranges around around your your V poc Hey, like we looked at this range in here And why because there's certain order flow elements in here that we wanted to take a look at Right this this large liquidity this transaction here. This is where the buyers came in over here So we did we dip below it and we found the buyers back up above it though, right? So and then we had this really nice return back up to a little bit above where they sold And then it's just kind of hacking around in here right now. Okay, so we can Now what we want to do or what I'm where the challenge is is to start to understand the The market structure here with kind of a Within the volume point of control here Right so The Market structure is well, you know, you can see that We had some swings in here This is the potential trap volume below that swing that moved the market potentially higher here Okay, so now we're looking for another one another one those kinds of Where we can identify the sellers and then where buyers might get be able to gain some fuel to to move higher here And I'm not seeing it I mean we identified a couple little areas in here And this was this is why we included it in our checklist here as well when we look at the setups checklist here and Looking for kind of a continuation pattern one of the the first element here identify trap traders and develop scenarios That's exactly what we're doing. Okay. Well, we're finding some buyers here, but right into 1600 Contracts not quite yet a little bit traded into it All right, so let's just take a look at this and grade this in here now. It looks like it wants to break out We're hanging out up here It's auctioning up here. We found some buyers, but there's this really large some large liquidity up here a lot of supply We don't have anything in the order book underneath us to help us support this Okay, so this looks like it is more of a false breakout than anything else to me They because we just don't have enough oomph here now we never know maybe we will we will find enough buyers in here And so that may happen but based off of this kind of dark empty hole here and Not a whole lot of trap sellers in here That is less likely and huge liquidity up here Okay, now that may shift and that that may change Hey, and we'll read that in here, but right now We're not seeing it. Therefore. We're looking for sellers to trade back down to the bottom of the range Hey, waiting for them to come in now. This can shift and change in a heartbeat, right? We're seeing a pretty big cluster of selling here now All right, we can get we can go through that scenario now that perhaps those guys are trapped and we are going to get our buyers here Okay, and and the buyers are going to be able to trade into and through that high liquidity Okay, it's pretty pretty good now. This is much better relative to this selling in here Okay, well we're getting selling at the bottom edge again though And so sellers should be able to should be able to retest these lows here or these swings down here Yeah, we we were going through that scenario of a potential breakout at this point. We just didn't get any buyers not enough Boy hard read I mean we dip below this little area here and we found some more sellers and the buyers brought it right back up again um So, uh, yeah just uh staying put for for right now and Not seeing something fantastic at the moment Get back to some questions Yeah, we can take a quick look at tesla. I don't have tesla. All right, we found our buyers. Look at that Okay, they took that on and traded into and through it Okay, I like I said, uh, I still don't like it. I think we're probably going to get a retest right back down to here Uh, and then uh, also maybe back down to uh Back in the range or a point of control I mean is this transaction took place here. Look at the buying back up above it. It's just not that much It again what we're looking for is the pulling away from this area here on high volume And this is it it may do it, but I'm not I'm not tempted I'm not seeing it um, you should look at liquidity as something to trade to uh, it can't you can and can't uh, you tulips, uh, it's uh, it's both Um, yeah, that's where the supply and the demand is but but it what matters mostly is If the buyers are interested in trading to that liquidity Or not Okay, so if if there is a demand by by buyers to trade to this level here at 80 example Okay, and yeah, there there was enough in here Hey on on pretty low volume in here Uh, and and was able to do that Okay, and uh, again, this these are not the easiest reads in here. We have the uh, some some liquidity in the book in here um That kind of pressured, uh those buyers kind of wind at their back for example Okay, so, uh, this is this is how to read liquidity. It's about the context. It's about understanding Yes, this is where the sellers are this is See here. These are where the buyers are in here. This is where the sellers are in here. Okay, uh, however Do people want to deal with them? That is the uh, the question Okay, so we can we can zoom in here and we can look at this on a low time frame here It's high liquidity coming in right now right here. Do buyers want it? Yeah, it looks like they kind of do Okay Now we're pulling away from it There's still high liquidity here at 80 and a quarter Now they want it. All right. So yeah, they're still buying pressure Uh, and looking for 81 uh to transact and then let's see if we can get to 82 as well So look at this high liquidity that came in very aggressive high liquidity on the offer Uh, and buyers took them on they right there at 80 and a quarter So now if we auction here again with buyers, we are they should be able to trade this higher then Okay, 81 82 Okay, because they're still buying they want this liquidity. Okay, so there's 81 now Let's see. There's they're still buying up here. So we should be able to get to 82 now Okay, it's this context that we continually want to understand there. They go again Okay, so just a bit more in here Now we're probably going to get a test you'll see traders test this all the time in here Okay, that though there'll be high liquidity on the offer and then what's what's the relationship? Okay, is is there weakness in the market at that point? And if there is uh, then you'll see the sellers trade it right back down To these levels Okay, so all of a sudden this this is sold off. This has been a really challenging day We traded into here and I still don't see a whole lot in the order book Uh in here some liquidity came in on the offer in here And they're they are pulling on the bid in these areas in here and so We found some sellers being able to drive it right back down to this liquidity here Okay, so was this was our target earlier? Okay, and our context was that we didn't find buyers interested at a certain point hard read I mean, I don't see sellers really interested until about here to be honest Uh that we're able to reach back down to this lower level here Yeah, it was it was about 16 plus um in here Uh, we can hover over it. Let me zoom in 1677. I mean, you know, it's it's changing back and forth a little bit But almost 1700 Okay, now look here's our here's our context now looks like buyers are back again And looking like they want to trade to this 82 now Okay, so uh, we've we've dipped all the way back down here. They're still buying pressure All right, so looking for them Okay, so here's on the bid here on the offer Up in here at 81 We're going to judge this in here looks like we're still auctioning. So we're still looking for buyers to trade with these sellers At 81 and then 82 Okay, see the buying pressure mounting And now we never know this right like the we're looking for this to unfold up to here Okay, it can change on a heartbeat. We've seen it when many many times a larger seller will come in and just hit the bid hard Uh, and and uh, they have a lot to sell and they sold they sold it. Uh, they move that market lower Okay, so that's the one thing like, you know, we can look for um These areas in here and look at this context But something can shift and change immediately And then how do we handle that? It has to be done through risk management Okay, so, you know, you can look at this market and say well, it should do this it should do that But you need to protect yourself Okay, here we go again It's auctioning back up here again on the buy side. I'm still searching for uh Or looking for this liquidity up here to trade Now we're finding some sellers at the bottom bottom edge here Okay, and buyers rotate it back up All right buyers. Let's let's see it 82 There they go. This this should work here Again, it's not a trade recommendation, but we're back up here Huh, and we didn't find buyers Yeah, that's that's what we we need to find Hey, so See if we get another rotation now Trading game. Um, oh boy. Look at that buyers just just come in And that's that's pretty strong buying kind of out of the blue So we got to 82 looking for actually 84 now It nice strong momentum big stop run as well But we're still we had a little bit of shallow pullback. We're still though seeing buyers come in So yeah, I'm looking for uh 84 uh next next stop Okay strong buying again So we're going to go off of this momentum in here And we're seeing that buying coming back in again Therefore we're looking for it to move up to 84 We talked a lot about this over the last several sessions About understanding the context in here in the in the price structure Uh and then looking for uh continuation of them We see the selling coming in, you know, and this kind of gaming this these little uh areas in here Okay, here's some selling here and here, but still this is much more Hey buying and now we're getting some selling All right, and it's retraced all the way back down to where it broke out from Boy tough day Tough reads tough day. All right still still looking for I still like this idea of the of the buyer still being in control We can get back up above the selling in here And then we're to 84 This would be our trap volume They go And you got it buyers See it Let's see if we can go higher than 84 I mean we do have 88 and 90 Let's step back here again. We'll take a look at tesla in a minute. All right, so this is we're kind of struggling to break out here on this 15 minute chart, but Uh, it it's doing it uh, and Let's just kind of judge it in here. How how does it look? Okay? Uh in in the bigger picture in here Um, it this looks really good here. They finally took on that liquidity and traded through it But all of this in here It's a bit more buying than selling, but it's it's it's pretty muted in here. I mean there is more buying No question Still like this selling in here being squeezed were above them so they can be squeezed now Now steven, uh, you can take a look at uh, uh, maybe some of your um Mean reversion type of activity here POC down here at 7 74 or maybe this big huge transaction here at at 76 Right. So looking for uh, if we do get our sellers starting to come in Right. Let's look at some uh potential structural breaks in here Right. So, uh, it would be uh, we we can put kind of a diagonal line in here All right, and uh, if we get our sellers to come in here, uh and really hit this hard And break Break our diagonal trend here Uh, then uh, yeah, we have a we have some you know, nice nice moves here to the downside potentially right, so What we're talking about in here is this uh move back up here and then uh Falling back down into the the range in here from all of this activity Well, one thing we we saw in and uh Uh, that has uh, that did play out was we saw these two wicks here Uh, and it was kind of a red candle when we were looking at that and said, okay Now if we can get back up in here and we start to see those buyers The third attempt in here. We can get the breakout Okay, so, uh, we were looking for that in the order flow Uh, and it was this in here is just like boy, you know, um It may happen. It looks like it kind of wants to but it's just we don't have all the pieces in here I don't see a strong bid underneath Um, and then it did break out Uh, and then it was this volume in here. No, this was not enough For me. Uh, this is just too weak. Uh, and um, uh, could fall back down here very easily and then back into the range So look at look at it now here is looking great for the breakout Or more buyers still up here And there's 84 And immediately sellers come in for 84 85 So paul you you think that that uh, it's You're going to see a big move to the downside. See this is if if you do think that Well, that's fine But do you have evidence to support that? So that that's the question. Um Is this available for the indian market? Yeah, it is. You can go to book map.com and and look it up and uh, you'll see, uh Or just do a search for book map india uh jb does um Does book map offer any sort of uh, new york stock exchange tick data or meter? Uh, we do connect to dx feed uh, as well as, um Uh, hold on a minute. I'll show you here. Okay connectivity here from book map.com Uh, and then um omni feed here for stocks as well as uh, dx feed for stocks Which is um Uh Right here. Okay, so uh, and you can get both of these from book map.com. I believe I know you can dx feed Uh, but there's another place you can go as well. Uh, which is our book map marketplace Uh, we can go to that and then in here Uh, you can do a search for omni feed. I think I don't know if it's in here. I believe No, it's from book map.com Is where you can also pick it up Okay, still breakout continues here. So still We have no reason to to think that uh, it's going to shift or change um And uh, we're still seeing more buying in here and we're seeing, you know, some pretty nice Momentum starting to build in here every time we say that though. We we see our sellers come in Uh, and it's been then it's been really back and forth in those little areas here. So, uh Yeah, I I'm kind of Waiting watching being very careful in here if we had a really strong bid in here. It would look a lot better Uh, and we don't uh, so we we get this kind of a trading channel here um, and And then pull backs now. What's good about this is we can look at um other some other confluences and Uh add-ons in here in book map that can be very helpful that our market pulls here If we've been demoing this a lot, I just think there's a lot to this in here Uh, and uh, let's look at volume pressure and balance here for the yes Stops in icebergs. Let's take off for a moment Yeah, so We we see a Using this market pulls tool. This is volume pressure and balance We're getting these kind of high reads in here Uh, where it point, you know, it goes above the 70 percentile in here in this uh In this meter And then we we see that it it's nicely kind of capping the top ends here All right, so that that is like a maybe some profit taking to consider We've got high liquidity in here. We've got, uh, you know volume at an extreme Up in these areas. This is what this means uh, and Now let's how does that help us with pullbacks? Hey, well, we have a zero line in here, uh as well as um I just kind of gauge these pullbacks in here Uh and and you can look at uh historically look look how it came into these areas in here And those offered pretty nice areas to get back in Hey, so here it actually went below the 70 percentile here on this this deep pullback in here Uh, and uh, we were looking for a continuation at that point actually and we didn't get that Um, so we can we go back back and look at some of these areas in here Okay, uh as potential uh areas Um for a pullback And getting splicing back into the market, but we we want this is just a confluence. It's not a trading system Hey, but we want to look at some other things in here that gives us insight Uh for why we would want to get back in we have our zero line right here and it goes below it here actually a bit bit lower You know about 44 percent uh in here. Hey, so here's another one right here Hey, and uh zoom in here Right in here It's actually right here Which is no good Hey, this one's All right, let's see if we get one here Hey, but you know what I'd be looking for something into this liquidity in here on the pullback As long as we have auctioning up here by buy side Uh, then we're looking for that pullback and looking for buyers to start to curl back in and lift this higher And then dump it off at the extreme reading Okay, at least some And this is a way that you can consider Um scaling in and out of your uh a position in a trend And it makes sense like you'll always see these here. We're getting our extreme reading right now Okay, you can you can hear it here in market polls in youtube you guys will be able to hear this Hey, and there seems to become some consistency to it today Uh, it makes sense high liquidity extreme volume reading and then pullback Basically, these are some of the use case scenarios So here's our pullback again and and again, we should get a strong we should get that reading and maybe we can hit, uh This 86 and three quarters liquidity Okay, well, let's see get our pullback maybe somewhere around in here And there's liquidity here. So maybe 84 It's liquidity here Now there's our strong reading. That's not where we want to see it though Okay, and we get a strong reading back down below this range now on the sell side See von dutchman you're talking about learning about book map. Yeah. Well, we have that educational, um course we have, uh You know some other, um Educational materials from that learning center, uh, that's the place to go And uh, you know understanding like uh, well, let's let's take a look in here like, uh, Well, we'll we'll we'll kind of shift and change a bit We'll still look at this market polls here. Maybe we're getting a kind of shift and change in volume pressure From market polls now, uh, and maybe this is what paul is looking for for that move all the way back down Maybe in where it might dump Back down to the 74 area here as well as steven, uh, potentially Uh, look at all of this thin volume up in here Compared to the point of control down here, right? So this could be your magnet in here and your your market, uh structure that you are, uh gauging in here The first stop if that is the case would probably be some place around in here though Where it kind of broke out from these swings in here or uh here As well where we had that high liquidity Right, so our our trend line is breaking and it is breaking out some pretty strong Cell volume at the moment So let's take a look at this actually i'm looking for a pullback now by buyers up to here Hey up to about 83 and a half or so Uh and here we have some reasoning to go through so this is um, What I wanted to cover for you, uh Uh von dutchman like some of the um, uh order flow analysis in here Okay, well, we can take some very simple principles Or uh concepts in here. Look at some of these moves in here Okay, how big are they? How long are they? Uh, and now what about on the sell side? Okay, well it's getting kind of equal right? And we don't have a whole lot of volume in here So we're kind of looking for you know a potential move like this back here now Hey, so what we're reading in here are these moves and understanding how how big they are Uh, and then we can do is look at high liquidity in here now. We can also use the price change um Add on uh from market polls, uh as well Uh, that's how we've been using it actually uh is looking kind of like atr basically our average true range Uh, and uh, so now we're back down here now. That's a pretty good move by the sell side Yeah, I'm looking for a pullback now and I'm looking for the move to be somewhat equal Uh, or somewhere around this size here Okay, so we'll move back to somewhere around this like 83 and a half or so would look pretty good Okay, so a lot of selling all right, so they've come back down below the swings. We have some liquidity in here Uh, and then let's see if we can get some buyers pull it back now Okay, so we have our reasoning and uh, uh, what do we have here in the order book? Well, we have high liquidity here here Uh, and now we're looking for our buyers to come in at the top of this range in here And then we're looking for the move back up to uh, yeah 83 83 and a half Something like that And high liquidity on the offer right here pushing it back down Okay, so a retest of the of the bottom of the range here And we never got our buyers in here Okay stream reading on market pulls Even even better for uh now stream reading into high liquidity i'm looking for that pullback still Even even stronger here Today is just doing the opposite. Oh man, uh, it's a rough day. Um We had we're still seeing this extreme volume coming in Well, here's your dump Paul back down to your, uh This liquidity here and then back to your 74 level here Now we should get a bounce off of the 74 here or 76 here After this large transaction in here this is very typical Okay, and that's been a lot of heavy selling buyers will come back in Look for just a pullback to about this 79 50 level 80 Nothing All right. All right all the way back to point of control And a bit of buying a little bit of a bounce there Still looking for them The move up into the this 80 level looks pretty good It's just too much selling look, you know, we got to take a break here Uh, and then looking for for buyers to just retest back up here sellers are in control Of the move right now Maybe it's after such a strong sell move here Uh, we're looking for uh a retracement Boy, this one just it just they just kept kept hitting the bid in here Didn't even get this move here We've got about half of it Let's take a look at our bigger picture and see what's going on. All right, so here's our breakout that is failing We're back in the range here And we did go through that scenario Uh, and we also did go through this this trend line breaking up here I thought we'd get some back and forth before though. That's what I was looking for in here Uh, instead of like a complete dump like this, uh back down Yeah, lots of selling Even these pullbacks are they're just market structure-wise. They're not even coming back up to the liquidity. They're just coming back up to the swing That's it Hey, we've come down and we've hit high liquidity here. It's still tremendous selling coming in So, yeah, I'm looking for buyers to trade it right back to 74 Uh here where it broke down from After bouncing off of Okay, it's not really the point of control that I'm so interested in here is the swing Okay, and the selling below it. So I'm looking for buyers to come back up and test to it boy, this is uh This is an odd move. Um, all right. So, uh, there's still more selling pressure Still coming in not even getting we're not even getting a move back, uh on on some of these pullbacks in here Uh, see we wanted to take a look at tesla. So, uh, we'll jump over Take a quick look at tesla and let me get to questions over here Uh, how do you measure the strength of the bid? Uh, so the the strength of the bid when I when I mentioned this, uh you tulips is Uh, what I what I mean by that is um, uh, it it's um The liquidity here like this is pretty strong down here strong liquidity, right? Uh, that's what I'm measuring Okay, and Graphically and relative uh liquidity here compared to other areas Hey, the heat map will show that as well Even when you zoom out the heat map will show that so if I zoom in here This area will you know It will turn a darker red in here Okay, because this this will be the highest liquidity in here Yeah, now now look at them bid up here now. This is exactly what we want to measure here. There's a strong bid Okay, what's the context? What's the reaction to it? Well, we're starting to find it repels sellers. We're finding buyers Okay, buyers should be able to lift it now up to 69 though. That's where the liquidity is on the offer Okay, that would be the target. It is this context exactly here. What do we want to measure? Right. So here we go. We have high liquidity on the bid down here We have sellers that trade back down to it, but they bid up again And that context and that reading in here Was that we found buyers Right. So buyers sellers aren't interested in trading into this strong bid So we're looking for buyers to reach the other side and find the sellers over here at 69 But this is one of the only moves that have played out In in this webinar here But this is the context exactly what we want to talk about U2 lips. Does that does that make sense for you? and and understand like how There's a cause and effect in here between the liquidity and the The aggressors Okay, the passive buyers and the aggressive buyers or sellers So and there's our move up into this 69 level Okay, so this was an easier read in here Uh, when we started to see this in here, some of these other reads were were quite difficult. I thought Uh today We live even looking at some of these moves in here and just like whoa all these sellers come in all of a sudden Uh, so um, uh here though, we have a strong bid Right, so uh this and and we had a reaction in here to Uh, even stronger bid in here Yeah, so now it's it's again the context now is It's it's an auction It's not a math problem. Uh, and it doesn't have a direct answer. It is like It's always going to be a host of many different answers. Um, or like a range I should say Right, we would look for it to trade up to here. It can come shy of it. Maybe everything changes up here Maybe they pull that liquidity. Maybe we find more buyers and that it would go up to the next level Or maybe like all of a sudden there's like massive liquidity on the sell side pops into the book and you find sellers Well, then we're look we'd look for it to trade back down here. So we're going through these scenarios in the auction Uh, and we want to understand, uh, that um The behavior in here to understand where it might go again At where price might go Yeah, and that's you know, it it's not we're we're not making stuff up is just this is how the market works Uh, and if we understand that, uh, then we can look for uh, you know, where it might go So here here high liquidity on the bid here at this higher level. Do we find sellers? No not yet So then we should look for buyers to try to trade it up to here Right, even though we're at this kind of level in here. That's not not good. This is where the sellers came in Right, but if the sellers aren't interested in this liquidity Hey, uh, then uh, then we're looking for buyers to trade up into here Okay, so they they finally are in here. Well, we we can see some exhaustion here, right on that buy side So buyers up in here but not up here And then sellers traded into it, uh in this area here now In this area here Okay, do we do we still see more? Um Again context, okay high liquidity here, but what about above and below it? Hey, do we find more buyers back up after trading at this high liquidity or do we find more sellers below that liquidity? Hey, the answer is not quite too clear right now. We're actually finding more sellers here So they should be able to hit into 69 And then let's then they're hitting even below that Okay, so now now we're back up above it right, so It's this context at this level here at 69 what we want to understand Okay, so is there buying above it or selling below it? Okay, well we're getting our answer. It's a little late on this one But we're trading to back up to the top of the range Okay, now we might swing back down. We might find more selling down below here again if we do Uh, right right around 68 and in three quarters. We'd look for them to hit down into 76 or 67 Hey, here's high. See this is what we want to gauge in here. These traders will tell us their behavior will tell us okay, we found Demand in here there now we're looking for buyers to lift this back up into these areas here We had high liquidity here on the offer. They transacted they flipped To the bid now they're flipping again to the bid So we're looking for buyers Okay, let's see it buyers. You should be able to lift it right back now to 74 which was the most traded level We'd look for that look at the strong bid and look at the reaction to that strong bid here Okay, this is that cause and effect reaction here Okay, and understanding what makes the market move so we can look for the moves back up into these levels here Now 74 is a good level here because it's the most traded level However, where's the liquidity? Well, then it can blow right through here. Who cares this a point of control What matters is what about the other areas in market structure where the sellers took control and where there is liquidity Okay, we will find some traders in here um Take profits Because they're just trading point of control. That's it Hey, but well, this is where like don't cut yourself short Maybe take some off Hey, but don't cut yourself short. It can go higher And that's that's kind of what I wanted to challenge you on steven a little bit about point of control And just understanding what it is and understanding the context around it Right. Look at there's still a strong bid here okay, so Just waiting for a few more buyers in here and we can get we can lift back up into uh Yeah, somewhere around up in here. I'd say this uh 76 level Uh, so let's see. There was another question. Um, I guess a new be in here new to book map Uh, I wanted to also show you uh, I wanted to kind of cover some of the atr structure in here and then just blew right through it Uh, so it kind of knocked us out of that as a lesson, but um, We can take a look at um candle sticks in here. Most people come from uh looking at candle sticks, right? Well, we can do candlestick analysis in here very effectively. Uh, I feel Uh, like like this right here looks like it should come up to I would look for the move in this candlestick pattern here and move right back up into this swing high at 77 Okay, here's why Look what else we have in here that gives us such uh insight Okay, we have a really strong bid and they're bidding up again here We have a this candle here that tested the low okay broke down But then came back up and then we broke up above this and we're seeing some volume up back up above it Okay, so we have the potential now We're trading back up and testing the swing high up into here Okay, and this in this uh a candlestick pattern in here Okay, so now so what we're looking for is uh buyers to start to come in and do that And now look at the bid our strong bid is is uh the the rug has been pulled away from us here Okay, so it's not so strong anymore and now we've checked we've we've traded back to the most traded level here Uh and uh and our strong bid is kind of evaporated Okay, so uh, maybe we'll come back and test the top of this candle here On on a pullback Still it's still a bullish pattern that we this candle just closed it closed above this one Still we still find buyers in here. Hey, we're just we might get a pullback Okay, and then here we go buyers back up above it Of the the candle that just closed and they're pulling on the offer Okay, so let's see it buyers. Let's see 76 And up up to here 77 right, so yeah, just uh Understanding these the uh what candlesticks are made of What's what's behind it what's inside of it and here it's all in here in book map We we have this beautiful context in here. So here's your candlestick, right? Here, let's even look at uh a candlestick chart here and let's mimic it Hey, what what time frame are we looking at here? We're looking at a five-minute candlestick chart, right? Okay, so let's look at a five-minute candlestick chart here Well, what's in between these candles? Let's understand this So here we went below this swing here and then we're we're moving back up and we move back up again Do you see a strong bid in here? Is it possible we could go higher in here? Well, yeah, it is by understanding this volume strong bid Uh and bidding up in here as well Okay, so and we're still still bullish here on this move to trade up into this liquidity here and maybe the swing high here Okay, so now we're understanding candles in context between liquidity and volume Hey, let me know if that helps uh von Dutchman That you know a lot of us are looking at bar data uh over the years many years Okay, so now we've traded up in that 76 liquidity there Okay, still looking for Still finding buyers Oh, good. Okay. Well. Yeah. I mean, uh, what how do you how do you trade? Uh, you know, we can get into more details uh, if You know give some feedback on uh, what do you look for? Okay, we just and we just had our peak volume up here as well Uh, so maybe we won't get up to the swing here But we have our reasons we have high liquidity Uh, we traded into it. We have extreme volume Uh, in the last uh, we'll based off our market pulse Okay, so not a bad place to reduce some risk. All right. Well, yep. Hope that helped. Let me see how many contracts Oh, I see we answered that question. Um, uh, lorry about the crypto mark or cvp um Let's see here Well, cvp we can break down as well. I I broke down into into delta here, uh You've got all the data in here. I mean, you can you know configure this column here You can look at delta for any of these Uh, but you can also split them out by buyers and sellers Uh, you can look at the delta, uh, you can um I guess that's it, uh, I mean, there's different things to take a look at in here You got a vwap in here for that period Um, this chart range period, uh, and uh, you can look at numbers bars bars and numbers whatever Whatever it is so That's what it's just a it's a data column in here based off of uh Uh, what's in my viewable chart range? So if I zoom in my chart range is now smaller And this showing the the profile of that Okay, so now again look we were looking for up to here, right Uh the potential move we had our reasons and still might get there. I mean, we're still kind of bullish here I mean the candlesticks are still bullish. We're basically bouncing off a point of control uh, and We still may get there, but we had our reasons for potentially You know reducing some risk in here. We had our extreme reading and market pulse We've noted that that's where these uh areas happen. We have high liquidity And on a move to the upside here so Anyway, some considerations For adding to your trading strategies guys. We got to go. Thanks everybody for coming We'll see you on Friday, and we'll go into much more detail Next time. I'm sorry. I didn't get to tesla. We can maybe quickly look at it here And see what's going on Yeah, high liquidity filled on the way up in here a bit of a pullback right now And and somebody's starting to come back in Okay, so Yeah, I'd still look for for buyers to try to trade it back up here. Okay at 246 247 or so Anyway, that's a very quick look at tesla All right guys. Thanks for coming everybody and we'll catch you on Friday Don't forget. We have a meeting with or a webinar with A crash f16 he's going to go through how he reads and and views Market pulse how he uses it So this will be on thursday. We changed the time actually Here we'll show it on the calendar where you can find it Go to the learning center again And then scroll down To the calendar And we changed it to this time here. This is it here Uh It's at 230 east coast time Okay, this calendar though it should show it by based off of your computer clock And you'll see it so 230. All right, so we'll see you then and then on on friday We'll we'll connect again with the webinar tomorrow. We have j trader a stocks trader At at 10 a.m. East coast time and then scott pulsini at 10 on thursday Okay, thank you everybody take care good trading be careful out there. It's been pretty pretty choppy All right. Bye. Bye