 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map And let's go through some good live analysis here That's what we do Monday Tuesday and Friday. So again like a whole process here Good morning, Levy. Um It's crashing crashing crashing we need help so let's We'll jump in here in just a second But we have an educational course then we have the live analysis to match the course So that you can get the most out of book map. Then we have live trading with j-trader stocks trader and scuffle senior futures trader Wednesdays and Thursdays so you can learn from specific traders And what you know how they're managing their trades how they're getting in and out, etc We have Tom B. He'll be on in another hour and a half at 11 30 and he'll go through volume profile analysis and and we just came from the Webinar with rain. He is Crypto trader, so what you might want to jump over to that. There's a recording on that if you are interested in in checking that out but you know we're Growing and growing and offering more and more here. So anyway, let's jump into these markets 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 the risk disclosure trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results alright, good morning everybody and Let's see here. Let me jump over into discord Everything is good. All right. Oh Okay, I guess over in discord you guys couldn't hear me. Can you hear me now? So what yeah anyway Okay, good. Good. Okay. We're all set. All right. Well, let's take a look here We had non-farm. You can see it right here at 8 30 boom to the upside and then look at the 9 30 cash open boom to the downside and then You know testing where these buyers came in at this point here now you know, I just wanted to kind of take a bit of a step back here and You know, you can see the the title for this webinar here Is market structure and order flow on higher time frames? All right, so we've been talking about market structure in one day and Tuesday And I mean we've always talked about it and how it's such an important element in here to understand There is a key to the market structure that we really want to to understand and we've talked about this many times as well In fact, let me go to our YouTube channel and we can go through some of the the videos in here If we click on videos and you'll see all the recordings in here And you can sort them by See not by those but Let's take a look here. So meeting, you know reading market structure momentum trend The the importance of market structure. These were the last two Reading order flown who's in control? This is the part that I really want to Focus on is not reading. We'll get to the reading of order flow. We that's what we're here for In the live market and give insight to where we think price is going to go next But we want to read who's in control. All right, so we're going to be talking about market structure and who's in control and You'll see other ones in here again market structure And what was the other one here? Who appointed control? And that's a little different Who's in control here back? You know a couple weeks ago. So this is a theme that we've been talking about and how do we identify Who's in control? All right, very very simple Let's just take a look here. All right, so zooming out a bit here in the ES And well, we can see that buyers took control very clearly. Okay. Now. This was aided by data All right, so and and here the buyers are coming in again right now All right, so who's in control is just very simply Looking at who's taken this market Into it into a direction so We can see it it really kind of started down here and then we had the news though, right now the news you can see Everything changes right around the numbers So in fact, let's clear our drawings just for a second And you know the volatility in here This is something I just really like in bookmap is look out you can just read in the I mean It tells you everything it tells you the chart is telling you right here Be careful. There's something going on in the market Right in this moment right here It's telling you like what's going on with this liquidity? What what's happening to all the orders? Where are the participants? Why aren't they in the market? Why aren't they providing liquidity? Okay, because there's risk and When you see this kind of thing, you know You'll see it also at times and if you don't have your news feeds up and you're listening to news and You'll you'll you'll see this as well and it'll be some geopolitical event That's unfolding and you'll see some volatility and you'll see the pulling of liquidity and you go what's going on here This will key you key you into it You know, there's so many interesting things here that that book map shows another one is When you look at book map and you start to see liquidity acting very strangely And it's not like how you typically saw it. Maybe a few days ago In the futures market that that typically means it is rollover So yeah, I mean there's so many times I've looked like I've looked at like crude oil or now usually in a monthly contracts Not the quarterly ones and just thinking well, what's wait a minute? What's going on here? What's what's wrong with this and you look at the market and you go, oh, it's got to be rollover The the the orders are gonna tell you that the participants in here are gonna tell you that right? So the participants here are telling us as you can see them pulling liquidity away. These guys actually stayed That's also telling us these guys here. They stayed Okay, now these are larger players here and they're staying in the order book For for good reason, you know, they know what they're looking for And that whatever the numbers may be According to them and they have boots on the ground. They have deep pockets. They can really research Some of these events and that they'll stay in the order book Right. So these guys stayed and they filled here 3980 they stayed in the order book down here And completely absorbed anything that traded down here Okay, in fact, it didn't quite make it to their one oh one oh eight and one oh four contracts Now look the large a large lot tracker here is showing precisely that All right. So they traded into this liquidity and it's still in the book, right? So It was what 54 there's a hundred and seven contracts, this is this is the same player again Okay, because why why do I think that because it's a hundred contracts on three different price levels? They just kind of skip the 65 here and And then they started getting filled here. They're still here, right? and and out of those 105 103 You know 70 70 of them traded right and then price Started to go the opposite direction here. So they're getting filled and that's just fact Okay, it's not trying to glean anything from it right now. We're just Showing that these larger players stayed in the order book and they started to get filled and there was not enough sellers to hit lower In to that liquidity. So that's telling you something, right? and You know the not enough sellers buyers come in We make a higher high. We come up into this liquidity at 4,000 All right, so lots of things to glean from the data from the information and Start to understand what's going on in here And and you know, that's very very helpful and insightful so anyway Down here. We were noticing. This is where the buyers came in and we started to see these buyers come in again All right now Let's just ask the question again Who's in who's in control? What do you guys think? In fact? I'm gonna put in a poll here in and I'm just gonna call it this morning. Okay? there we go And so what do you guys think and and and why? So what yeah the um, let's see how many people have participated only a few Okay, yeah, yeah, it's looking pretty good. I mean it's such an easy question, but You know kind of infantile, but Understanding this is so Important and we're understanding this within a context here We have an event And we can see the reaction to that event and they're still in control. They're still buying down here Okay, so let's mark it up There's buying in here, but and then there's also from the event. There's buying in here Right now there you can see them in here again Now sellers come in Okay, but the big event is the buying here. They're in the book also supporting it here and Here they are again Okay, so we can look at this And we can look at when they may come back in and I Should have probably just stopped the webinar and not gone through that that fundamental event because this is it This is a pretty easy catch here a Pretty easy move I think The buyers are in control and they're down here buying again, and we're up here Great, let's go up to here. Let's go up to 440 10 Right now again, not not trade recommendations in this room But we're looking at where price may go Based on the analysis and in this case, we're looking at structure and we're looking at who's in control in that structure All right, and that's that's basically it so We're looking for Up to 410 maybe 415 maybe 420 We'll watch and see the order flow is gonna tell us that's what's the key here Okay, so we're up at 4,000 right now. Let's take a look what unfolded. Well, you know, you can see liquidity here getting filled And they also flipped Let's let's read the flip a little bit Okay, stop run as well to the upside into high liquidity here at 4,000 traded up above it And then they flip also this little push here You know, you can see a larger player in here That's kind of you know that just really is kind of like wind at your back kind of a big kind of push through a level here You know this we see this kind of behavior like this. There's flipping. There's ignition algos, etc You know the ignition algos with the classic look of an ignition algos This isn't really it but it is definitely a kind of a push here up into and through that area and then These these are can be really nice trappy areas in fact That you can look to see where Maybe sellers start to come in right we don't we don't see that yet, but we're looking All right And we're going to look at the structure in here for that to unfold Okay Okay, so now we got to yeah, we got some some different votes in here All right, so this morning some sellers in control All right So what yeah, I don't I don't know. I mean maybe they're starting to take control here. Maybe I Don't see it yet But above 4,000 this is we've seen the trap above 4,000 so many times or above key figures And this is no question a key figure Let's see See Sam if you were looking for shorts at at 06 and a half What would you want to see in the order flow, okay? Well, it's really There's all sorts of things to take a look at in the order flow And what what it might look like You know first off typically One of them is is very simple. Okay sellers now, you know, this is where that 10% Said that sellers are coming in Maybe maybe I'm not I'm not sure yet but You know typically what what Sam, you know, what we see is High liquidity getting filled on the way up Okay staying in the order book getting filled on the way up and it may it may trade into I mean There's just so many variations on it, but really it's it's it's Pretty simple stuff that we're looking for there's variations where maybe there's no liquidity up here in a just exhaust So it doesn't find any more buyers Or maybe there's high liquidity also up here at the peak it trades Maybe just kind of eeks through a little bit and then get slammed on the other side Okay sellers come in Like here here's where you can see in this smaller structure where the sellers are coming in Okay, right in here. Okay, this is the structure and this is where the sellers came in All right, so it's pretty it's pretty clear It's pretty easy to see And then look look at the sellers come in now All right, so All right, let's see if they can now that maybe they're taking control and they're gonna we're gonna come down to 95 And then maybe 92 here Well, let's just let's just watch here and let's take a look Yeah, I'm not sure about that yet Again sellers in here pull back All right. Yeah, let's see these sellers take it down here to we're already at 95 So let's see them take it down here to the swing down here in 92 This liquidity down here Okay, so we are we are seeing the sellers come in All right, we're there starting to take control on this time frame now Okay, does that make make sense now what we're looking at and starting to understand these kinds of turns in the market Phil I totally disagree you're saying that no offense, but the current bookmap chart is a bit useless for trading today Not at all. I mean we're looking right at it And and we're noticing who's in control. So we we were looking at 95 being hit just a While just a few minutes ago, and then it's already been hit Now we're looking for 92 to hit. Okay, and it's working its way down there. So I think that's showing tremendous value All right, so anyway All right, hey, you know negative feedback bring, you know, bring it on not bring it on I'm not encouraging negative feedback I like I like negative feedback as long as it's objective. That's all like it just has to be objective If it's something like, you know Something just negative. That's that's not objective. Then it doesn't have any value. It has it has no value at all So what all right? Well that The the move down here. Just all it did was break the swing here And then that we see our buyers come in and hand over fist again here Yeah, there's always something to learn always something to glean here All right, but it's testing where these sellers came in here Okay, so what is this a lot of volume coming in here though So what looks like they're gonna power through it to me and well, do we get our buyers up here? No, no not really In fact quite quite a bit of quite a bit of selling this is turning into a big battle Up here right right at this just above 4,000 But at 01 basically You know, here's our 930 cash open up here. So This is where the sellers really came in Yeah All right, let's just draw that up here This is where those sellers really came in and they came in again here and drove this lower Okay, this is our buyers coming in bound down here Okay, and then they're breaking that here as well Okay, so this is a very short lived here on that sell side looks like to me and Yeah, yeah lots of buying and looking for buyers to continue then Okay, so looking for them to hit now Up into going for the 410 level up here 4010 sorry That this is this is gonna be key here. They're gonna they got to get through these sellers here Yeah, they still buying yep still buying here. All right buyers right here If you can lift it above these sellers here, let's see the move and let's see we get up to yeah I like Sam your six and a half idea and that liquidity up here Looks pretty good Okay, so let's see if the buyers can reach up there It's looking looking pretty good so far. There's they are supporting it here as well on the bid Thanks, Phil. No, okay. Yeah now very positive feedback Sorry, it's a lot to read in here Phil I appreciate it though Good discussion. So let me just kind of read through it just a little bit Here are buyers guys. Okay, so we the little bit of a bobble in there on that sell side But we kind of recovered from it and looking for these buyers here And you know looking for that well, we said kind of the swing up here There's a kind of 06 and a half 7 area here looks pretty good up into 10 All right, so but that's what we're going with so far I kind of like to see it Phil that actually not bouncing around between areas I'd like to really see the context between the buyers and sellers and liquidity in here Not that it's just bouncing around between a range If did they take it did they trade it? Do we see the aggressor starting to come in here and and move it? So what yeah, so for example, um, I don't have hero. I had it yesterday I was gonna look at something Doug was looking at and You know he his kickoff strategy Which I thought was really great so like on this move down in here He'd be looking at he'd see hero going up and Giving them just way different you know diverse signals here And it's like what's up with that, you know, but he's waiting for the aggressors to come in And and that's the whole idea of the kickoff metaphor. They've kicked the ball off Now he's waiting for the men on the field here to move the ball and that would be the aggressors Yeah, so nothing to do really we're just waiting for this to hit higher Again, not not a trade recommendation. I always got to say that but Maguire, yeah, okay, so I see you in discord. Yeah, I got your DM Yesterday, I'm sorry. I didn't have time to get to it. Okay. I briefly saw it in the way out All right, let's zoom out a little bit more here And see what's going on Take a look we can take a look at our higher timeframe candlesticks in here You know, it's Kind of upset with these candles in here it Something happened some kind of weird data in here on the daily chart as you can see the S&P supposedly went down to zero and You know now it's it blew out the whole daily here But which is too bad. I really I can't see it Unless I look at maybe like two bars or something three bars or something But we can look at the hourly in here and then we can look at the 15 minute So 15 minute and an hour look look pretty good. I mean like Back up into these wicks in here and that would be about 11 to 18 or 17 And you know, we already kind of filled the gap here on the 15 minute And we're up here on strong strong buying And so let's see if these buyers can Break it here and then move it on up into we were looking for just 10 right? Well, I mean it can keep going It can go up into the wick up in here somewhere between 12 and 17 It can keep going further. This is why we need to look at the order flow and and try to try to understand or ascertain If it's going to keep going or not and then and then manage the trade along that way, you know, so let's let's jump back in here Guys, here's our move. This is what we were looking for. Okay, and it's already into 10 right now All right, so our 17 level now. We just looked at 17 now. See how it's red up there Let me just turn the heat map dimmer up a little bit or down a little bit You can see it in here between 15 and 17 quite a quite a bit of the high liquidity in here. Okay, it's Basically the same thing. We're just looking at on that 15 minute chart all right, so Yeah, still still looking for these buyers to remain in control until we see something else Okay, does that make sense? Is there anything else that you know? You guys want to take a look at here. I mean we're looking at some some pretty simplistic stuff Trying to understand who's in control in this market Sam had an aha moment. Let me see here Enjoying the conversation Sam. Thank you and and Phil good stuff Yeah, yeah, I agree Sam you're comparing the order flow to reversals versus continuations You'll you will see the distinction Yeah, I mean one of the things that that we see again and again is this kind of it's kind of kind of did it here Guys like I said we until we see something different in here. This is this is going higher All right, that's that there's the order flow read here Okay, I don't see anything in here to justify any other outlook at the moment And now that can change right, I mean We we we can maybe we see the flip all the time So maybe it's just heavy liquidity comes in here very aggressive spoils the whole party, right? but You know, maybe some quick move all the way back down to you know 10 and through it back down to 07 You know, we don't know What might unfold here, but Until we see that and hey, you know it kind of starts with little things like this But you know the read is still here to the to the upside until we see something different Okay, like off of this right in here. We got to find buyers We've got to okay if we want to if if they're gonna go higher. This is where we've got to find them Okay, so it's confusing when we have too much liquidity above and below No, I mean just align this with your higher time frame. Okay, just like we did Okay, so in here at this. I mean see how you're just kind of flying naked in here. You just you just can't see Now we're kind of getting to that zone. You're right. We're into 12 and it came up to about 12 and a half 13 And we said somewhere between 12 and 17 or 15 and then we notice 15 and 17 here Okay, so what it another thing what I want to mention here. So, you know high-liquidity And what you can do though in the in the heat map is Just right click on it and go to heat map settings where you can come also up to studies configuration And then go to heat map here Okay, and then in here you can play around with some of the settings the upper and lower cutoff. So You know, I'll maybe demo how this works here To help you out like you're just looking for areas of high liquidity By using this upper and lower cutoff All right, now you can also use exact size here. So let's just restore it and I'll show you what I mean here Exact size. So the cutoff what is going to be the cutoff? All right, so let's put in a cutoff here Let's look at the order book in here You know what what's high liquidity well? 575 contracts up here. That would be high liquidity. What's low liquidity? Well, that would be 78 fit 67 65 down here. All right, so let's make the upper or the lower cutoff 100 Okay, so what just happened? What do we do? We just cut off And and they're completely black Anything that is a hundred or below All right, it's completely black as you can see in here All right, so we're just showing high liquidity. Maybe maybe this is a A Better session for you guys to take a look at and I mean a better Filter it's really up to you. It depends on if you find it confusing. Maybe you find this Easier somehow you can also use the slider here Okay, it does basically the same thing What about the upper cutoff here? All right? Well, let's let's try that now if we go all the way here You can still see some in here. All right So what if we go here and we say now you see it's at one right now, so there is no cutoff every it's a whole thing is is If we put in zero the whole thing will be oh, we can't do that. All right, let's input on the upper cutoff Right, it's the opposite. So We want to say like everything above. Let's say 500 oops Above 500. Okay. We'll only show that liquidity. That's anything above 500. Okay. Now. We really cut out a lot, right? So maybe this is helpful for you it it really depends you see we start to zoom in a little bit it starts to show a little bit more and Zoom in here and and then now we can start to see Okay, these areas here. Oh, okay. So this is these are the only ones that have some color here You can see the gradient in the heat map like The highest level in here would be 500 And here it is here at at at 17 Okay, so that might be helpful for you. It's it's it's up to you You know, I I usually find that the default Is really good for me works well for me and then I also You know play around with a dimmer a little bit basically and that's that's it All right guys. Well, so anyway What it what it our what was our thesis down here? Do you guys remember? Or what were we looking for down there in that area? So you want to take a look at some stocks? Sure I Have Nvidia Apple Amazon and Tesla open. We'll take a look at a few of those okay, so Do you guys I'm looking I'm looking for an answer in here What were we what were we looking for down here after we drew up our lines in here off of this this little kind of Cross of lines here and who who is in control to first off The answer would be like who's who's still in control and what were we looking for down there? Really nobody come on somebody Exactly Sam buying volume buyers okay, and And who is in control buyers? Yes, exactly and look what we just traded into Exactly Phil and look what we just traded into okay, so Into high liquidity in here All right now buyers still remain in control Okay, so we're still in this on the buy side just because this liquidity gets filled doesn't doesn't mean that it's over Okay, there still might be buying pressure in here, and we're watching Okay Okay, now and we'll notice when their sellers coming in so this is another way to consider managing your trades in here Does this work on over-the-counter stocks? No James over-the-counter stocks see see there's there's a little bit of a difference starting I mean now that we this is a kind of it might be significant. We'll see Because we made a lower high here, and then we're starting to see the sellers come in but this could just be you know just another pullback here and What I wanted to cover here is We another way to consider managing your trades here is you just just let it run Until you see the the sellers coming in and taking control so a Very very simply like you know like the idea would be the same as if you were Let's take a trend line example here, okay, we'll edit this one and we'll go off of this here Okay, so If we break the trend line And we see the sellers down below like that's when you can consider like You know you have you have more of a reason now And you see a lot of selling coming in you you saw move into high liquidity up here and maybe it exhausts it also exhausts out It it fails to make a higher high you see the trend line break You see lots of sellers driving it in and below the swing here now, you know now you have something now what you're gonna This is what you'll give up by doing that You'll give up from 19 down here to to 14 or so That's five s and p points Okay, however Yours you wouldn't be getting out here at 17, you know or or out here at like, you know 12 and a half or 13 or 15 you'd still be in this so You know any and it still may go higher Right, so letting it run basically is what I'm talking about and You know just a stain in it until we see something different And so this is this is again good good buying off of this level in here Okay, so still looking buyers still in control nothing to do And now we're talking about like some higher time frames in here about who's in control But I know a lot of you guys aren't you know scalping for a tick or two and a lot of you are We're just coming in something a little different here Okay, so Now we covered that oh God we saw it starting to happen down here this move Okay, and then I went over and I covered this here But we I mentioned it earlier They were coming back in and there's good reason for them still being in control down here Okay, and then we covered that All right, so Yeah, and this is from what? Kind of 78 on up until you know almost 20 here Okay, well, let's just call it 15 75 to 15, you know, so let's just call it something like that. So that's 25 30 that's 40 points right there anyway, just just to What what at my point is here is like understanding who's in control in areas and Recognizing that And then recognizing also that they remain in control until we see something different here okay now now we're up here and We're kind of watching to see if I mean buyer is still in control here now. We're breaking our trend line Okay, but this is where buyers are still in control in this area in here And they're still there's it's still holding the structure here again. The structure is like this Okay, in fact we can just and take it across here Okay, so we're looking again for here for buyers in here Okay to move an on up into 20. All right, so Phil Well, I mean we may we're getting pretty lofty up here. All right, so what we may see sellers come in I don't see them yet Okay, in fact, we are getting buyers up here So we need to we need to see and we need to kind of watch and manage accordingly. We've broken this trend line Okay, and now sell it now. We see some sellers down below it here So we're getting some back and forth here now. I still don't really quite see the sellers come in yet You know, I just don't see it yet We see this this move to the downside also some sellers here But that's just not enough yet All right, so anyway Still looking for more buyers in here and still looking for it to take it take it higher until we see sellers All right, so let's jump over and let's take a look at Nvidia and a Phil I take it away. What do you think? buyers in control sellers in control Okay, now this this has not broken out from its swing here and S&P I think has right. Yeah Yeah, no question. That was what we're looking for was above 10 So Yeah, yeah, absolutely Phil buyers in control Okay buyers in control from down here And they are still firmly in control looking for 142 All right Yeah, price has gone up about five bucks since then yeah And what about this consolidation in here? I'm still seeing a lot of buyers I'm not seeing there's some selling in here little little hook of selling in here But it's still mostly buyers. What about liquidity? Do we see a lot of liquidity getting filled some here, but they're on the bid still at 141 Okay, so Yeah, we're looking for buyers off of this area in here Where they came in? All right, let's jump over to Apple. What do we see in Apple here? Wow interesting chart Look at the non-farm and Apple Great great chart That that could be a kandinsky or something right you put that in the hang that on the MoMA Um So let's see here. Um, I think the let me I think I've got some weird settings here No No, not really on the volume dots Let's just make the volume dot size a little bit bigger. See you Apple is not not as It's not as clear at all and there's a lot of selling in here. I mean I see I see selling in here I see selling in here even though we're going higher Okay, Phil. So you're looking at the the night set overnight session there You're gonna go with a Shagall. Okay, not not a kandinsky. All right The well This this is a harder read for sure you know I don't know what to make of Apple right now. I'm just gonna kind of skip over it here I mean, I see all the selling in here But this is a kind of what you know, we look at is The move above and the pullback to it and then the move through it Okay, so yeah, just you know looking for our sellers if they're gonna come in or not As we go higher now, you know that that kind of brings up a question, you know Is it is it possible for the market to go higher? Ons on more selling What do you guys think? All right, and then let's jump jump over to Amazon and take a look here Okay, something interesting just happening right now on Amazon With the selling coming into this high liquidity. Now. This is a larger player Pulling that liquidity adding higher pulling adding higher pulling adding higher and getting filled Okay, so Exactly the buyers can absorb the Or the selling like as Can the question is a can price go higher on more selling? Yes, absolutely and The they can absorb on the bid and then raise the offer And then it just takes very little to to trade higher Even though there's massive amounts trading on the bid Being being absorbed Okay, so or some variation of that Yeah, I mean in stocks, you see it a lot or I see it a lot more often in stocks and it just looks so weird but And yeah, I mean if you can't make sense of it like an apple here I'm not I'm not really seeing how to kind of make sense of that If and if I if I can't see it and do I'm just I'm just gonna stay away from it. All right, so Yeah, Amazon beautiful move beautiful move here Again, very this is very similar to the S&P in the sense that this is where we saw that the buyers taking control and moving it on up You know sideways consolidation and continuation Now we're seeing something different right and we can see it in here. All right, so now sellers are coming in here on Amazon Okay, moving it right back down into this 130 130 50 sorry Okay, now I don't see liquidity there. It's mostly down here at 130 so looking looking for these sellers here and Let's see Let's see if they can continue moving this here I get to pull back here to this 70 level first All right. Now, let's do one more here. We'll take a look at at Tesla in here Okay, Tesla's doing something similar. We're seeing this kind of reversal here. Right now. Let's get the candles off Okay, and let's take a look But Tesla has just been really odd compared to the other tech stocks Really odd. I mean sellers clearly in control in this one. Okay, here's our cash open boom Here's the move back up and Here's where the sellers come in again in here Hey, now they're moving moving lower. Great. Okay. How about a move down here 75? Okay, we're at at 76 and a half right now Looking for the move to 75 Okay, pretty strong selling coming in now We've looked at four different stocks in here and we've gleaned a little something from three of them Even even Nvidia now is look at the selling coming in here. So Based off of these I think we're gonna see the same thing here in the S&P and we do Okay, so we did not see this is where we were waiting and watching right and we're going through the scenarios if buyers are still in control We're looking for those buyers in here And then the move higher Okay, they did not right. This is where the sellers came in And this is where the sellers are taking control. All right, so Now where we're looking for? Yeah, oh five here Our oh two and a half down here Let's just mark them up and Also below the figure Probably around 98 or so Or or 95 95 98 something like that Simon can we go to the Nasdaq sure? We take a look at Nasdaq. Can we drew up this line here? I forget what it was. It was might have been from the swing. Yeah, it was from here All right, let's we're bouncing off of it, but let's take it off It's a it's a trend line. It's not a horizontal line. So I don't trust it Floyd's garage Yeah, I'm not much on the on Gartley's and all that kind of stuff and in fib patterns There's there's our break guys in that ES. Okay down to oh two already or Oh three I should say oh two and a half Okay, so sellers now Now this is what I mean, we're learning or getting quite a bit here. I think It was it was Phil's suggestion to take a look at at some stocks and Those stocks and what we saw in there was kind of a leading indicator By then looking over at the S&P now, you know, they kind of all happen at the same time But like you'll see the stocks move for it just makes good sense. I mean, this is an index the S&P e-many and You know the you'll see the individual stocks move first typically typically Okay, guys. So now now we're looking for more sellers. Okay, we're at oh two. Okay looking for the next one Now we're gonna get pullbacks in here Maybe maybe back to the oh six where it just dropped from so anyway, what we're talking about is correlations going through different correlations and Also talking about the just a kind of a quick kind of recap of some of the things we've been looking at Who's in control is what we started with what we started with Yeah, price structure and who's in control Instead of price structure and higher highs and higher lows a Etc. We're looking at we're integrating something new into the picture here, and it's not new We've covered it so many times. It's just is new to what we were coming on Monday and Tuesday. All right And the focus is on that Okay, so here's our pullback again now looking for again sellers in here and then looking for the move back down to the swing and potentially through it There are correlate a correlation tracker. There is here in book map. I'll show you that tool. It's up under Studies configuration. I think we threw it in there No, it used to be so what you actually need to download it and you go to Let me show you where it is go to help Go to the user guide. Okay, that'll open up knowledge base In the knowledge base is here and now this is the the user guide for book map in general But we want to go to the add-ons. So click on add-ons here and then go over to you'll see it in here No, this is this is confusing. Okay Yeah, sorry guys. Okay. It is under is not in the book map add-on section It is in the user guide section here. However, it's not in book map It's not in the studies configuration. It is as an add-on in here All right, and you need to add it in Because yeah here just a double check. No, it's not there. So let's go to again I'm sorry. So click out of add-ons go back to user guide and Then look for Correlation tracker in here. We'll scroll down and look at some of the Indicators in here Correlation tracker is here under number five click on that and This uh To download it. It's right here. Okay, so let's download it. I'll click on that it downloads it here Okay, now let's go back to book map and we'll go on to configure add-ons And we're gonna click on here add Find it click on it double click on it add it load it Select it and you got it and Let's go to Well, it depends on what you want to look at You know if you want to look at Apple, which I don't I want to look at Amazon Instead and we'll make this let's make it pink So it just stands out Okay, all right. I'm waiting for it to load here as you guys can see up here and there it is There's our pink line. So this is actually you can even see a little reversal pattern starting to take take hold in here in Amazon but Seller to me it looks like sellers took control over here. They're still in control. It's just and and we just saw a quick jab down here In Amazon, we'd have to look and look and see if we're gonna get our buyers in here All right Else this this is like a head and shoulders pattern or rounded bottom that if if sellers are still in control and Remaining control we're looking for them to take it down below The swing here All right. Now, let's take a look at the S&P and see what that looks like Very different pattern in here in the S&P. This is just you know sellers coming in Taking that down very very quickly Okay, not getting too much out of it right now If you don't mind I'm gonna take the correlation off Just deselect it here. It'll it's still kind of loaded if I want to quickly load it Okay, this is where we need to find our sellers right here right now If we're going to get our continuation to the downside Okay, so we're at 09 and a half And we're looking for sellers right here around I don't know eight and a half. I guess And then to take it right back down Basically to 05 No not getting it buyers coming in Let's see if that can fail though Okay, so what All right move buyers are able to break away from that area in here where these sellers are We're all poised to take control of the market Okay, this is where the sellers came in but you can see they're being kind of overshadowed here at the moment We need to see some really heavy selling coming in here if if that this is kind of the last hold here for it And I don't see it I don't see it not yet Let's zoom out. Let's get our bigger picture approach here Yeah, you know that's that would be the read Okay, so Yeah, we'd have to see some pretty heavy selling coming in right now here around 15 If we don't if we get our buyers again Let's see They start coming in back up to back up to 20 or that we didn't we never traded 20 We came up to about 18 or so right 19 All right, let me get to some questions in here Oh god, where are we here? All right, here we are Okay a good discussion going in here sam with captain price and uh levy and Phil floyd And his garage good stuff Yes, newbie. That's right. The the delta dots is by minus sell And then show So it's always going to be a green or a red dot so It could be if it's one more delta like There's just one more buyer than seller is going to be a green dot And it's going to be a small one All right guys are so up in here We're starting we we saw these by buyers starting to come in but We're starting to kind of curl around and looking for the sellers to re attack these areas in here Okay, so And then let's see if they can get back down into about this 07 Level I mean they've got to get through this nine here. It looks like they're going for it Uh, a lot of liquidity here on the offer Um, and the sellers starting to come in so looking for them to try to take this lower still Okay, down to 05 here Oh, i'm sorry, uh, simon you or someone wanted to take a look at the e uh the nq sure We'll come back at this guys. I mean this is kind of the battleground here at this kind of 09 But we are seeing the sellers coming coming back in here again. All right, so we'll come we'll come back and take a look at it Um, but that's kind of where I want to leave off on it right now All right, um, and let's jump over here to nasdaq And let's see what we got in here Okay, and I got all sorts of stops and icebergs on here. I'm gonna the on chart. I'm going to take them off for a moment here Okay Okay, good. All right, just trying to get some clarity in here And let's go to our heat map settings here too Okay Yeah, see this so the selling in here coming in and taking control in this point in here is a lot clearer Uh, and then here they here they are again, right? So we're still we're looking for them. Uh, take take this down lower here All right, this is more of a pullback here So, uh, let's see if we can get back down into 75 ish or Yeah, around 75 375 Okay Pretty pretty clear. I think pretty clear Pretty pretty simple read in there On nasdaq, right? So We're about, you know around that 400 level here Looking for the move down to about 75 All right, sam you got the jokes going on leave eyes Uh, simon the very very simple reason that we're looking at the uh, es So much is because that's what everyone wants to look at If there's requests for other things and most people want to look at something here I'll put a poll in I love this new tool. Um What do you want to look at? ES nq cl Stocks or let's say other futures Like bonds Uh, or it could be, you know wheat could be soybeans Could be treasuries. Um, you know, whatever Okay, so this What other for futures all right So there you go Okay, so anyway, we're still still staying with this, uh Uh short price in here. Yeah now now we're getting lots of feedback in here Yeah, uh, so simon here's why But thanks for the question a few stocks tesla Edison's a bonds trader Charlie s definitely wants to look at tesla again No exotic instruments captain price. Okay all right, so put your vote in um it's uh You know by far the es it's just dominating here 77 But but only 26 people have voted 27 people And then nasdaq is the next one by it not by much Not by much cl and then others All are they're neck and neck Gold is another one. I know you guys like to look at All right, I'll leave it up for just another minute or so because I want to put another another one in on um Just uh, you know, I mean this simon is simon brought up the question and and um, we're getting our feedback here Uh, that's exactly what polls are for All right, I'm gonna close it And uh, let's put another one in here one more So you guys can see So what to look at futures stocks or crypto, you know, we we connect to all of them We're trying to meet meet meet all your needs in here um, so You know, I mean book map originated from from uh futures So, uh, you know, we have our bases is kind of in futures There's there's some reasons for that as well. I mean the order book um, it's so centralized compared to stocks, uh And and crypto is not bad, but you know with crypto the problem is you have multiple exchanges um in And just not as much. I mean the depth in in the um, uh Futures markets is really good with some of the instruments and in some of the stocks, you know, the depth can be very good too, but uh It's it's kind of scattered with the different, uh, you know, ecns, uh, etc um You know to get a kind of a clear picture on what's going on in uh in the stocks. It's just not as easy Uh, whereas the futures is I think a very very transparent Moreover, what what we're getting in futures is um Uh the mbo data, okay stops in icebergs and being able to see that It's just amazing to me all right You know, we're still we were looking for sellers. We did drop here on this nasdaq Again, we got to find sellers right here right now And uh, if we don't then buyers have a stand a chance here of taking control Away from this here. So we'd be looking for sellers right around this 410 level And then the drop back down to our 395 and then maybe 75 Okay, so looking at this in here control Here, let's just mark it up control nice big fat control there control Now we're looking for control here again all right So we've been talked that's been the theme on this one. Uh has been um You know, we want to talk about market structure and order flow on the higher time frames But we're talking about who's in control And who remains in control? All right, so yeah, have a good weekend um And uh good discussion. Thanks All right, let's take a look at our poll just for a second Yeah, we're getting I mean here's our answer again like uh futures 84 84 people now 31 to have voted Guys, we got 109 people in here. So, you know hit your vote. I mean we watch this stuff believe me We're trying to appeal to you guys And you know, I mean book map uh for stocks. I I think is it works great I mean look at these areas of high liquidity and and uh understanding the context in here in some of these areas Uh, there's also a new feed not just dx feed. There's omni feed which offers a nice yarca Uh, so look into that as well. We just offered that. We just made that a connection available Okay amazon like uh, okay, so this is our kind of controlled area in here Right by that sell side And you know, is it significant enough? Well, they've been upended down here Uh, and we're starting to get our buyers come in Boy, I I just don't see enough yet though. I mean, this is a nice cluster here. No doubt Right there Okay, but uh, yeah, I mean sellers remain in control from this point on Anyway, something to watch It's uh a geo a geo capital is arca a r ca It's probably the the biggest ecn You know, new york sock exchange in arca Guys give us a thumbs up in here if you if you like this Uh, we we I I was asking about um, uh You know what what you guys thought about uh, this you know the last monday and tuesday we were talking about Market structure Okay, and this is a new kind of theme within the market structure what you what you guys think of it Okay, we're reading live price as well Uh, but we're using uh, you know some of these uh elements here in the in the order flow Okay, and then getting into the nuances around some of these these higher time frame areas here Like right in here. Here's the battle zone here Right here come the buyers In amazon and they got to get it back up above this little area in here. Here's our big cluster here Let's see if those sellers what if this is just a false breakout and sellers come back in Then we're looking for 130 60 here Okay, so it's a buck 40 On the way down Let's let's take a look at amazon. Yeah, this is pretty good in here It's pretty good in here. So, you know buyers. This might be the kind of reversal we're talking about in here Not not seeing the sellers Yeah, yeah, I like it so um Yeah, we have we have potential here for these for these buyers to come in on and take over again here in amazon Okay, you like the market market, uh, structure discussion Okay, yeah, I mean it's a little bit higher time frame, but then we can really get into the order flow around those areas to to um Give us the insight Yeah, amazon's actually looking pretty good guys. I think I think buyers are gonna do it here back up to here And uh, or in the high swing here around 31 40 maybe 50 that's where the liquidity is I like it. All right. So now let's extrapolate that core that correlation over here to our Um s and p and what do we see? Yeah, okay. Yeah, we we can see it in here those buyers starting to come in uh and uh Starting to come in here again I don't know. I don't know what I think of it. Um High liquidity in here on the on the offer getting filled in here Anyway guys, we we went through these scenarios in here on the read on the way up Uh up into these areas and boy, that was that was actually a really nice move uh, and then And and and we also looked at at our candles in here In the move up back up into this area in here and it's just went above the swing so far And now we're just trying to get in some insight here. Well, what what about now? Okay, so it's done that move, uh, and uh Uh, and you can see it's just kind of a you know triangle or Penet in here right now On that 15 minute. Okay. Here come some buyers now looking pretty good I like it. All right. I think they can come up to this swing here 17 16 17 What's the order book look like? Yeah, there's pretty high liquidity here 15 16 17 18 all the way up through as you can see at the at the round numbers Looks good though Still still looking for it here. I think you know, we all we'll we also have amazon here Uh poised and ready to go So you guys can see Right in this area here Back up to its Swing between now, you know, 130 130 to 130 150 or so Guys, this is european close as well. So, uh, you know, there's gonna be some volatility in here So watch watch for that. Uh, uh a boogie. Yeah, I'll get to your question here. I I saw it Let's uh, let's let me address it Uh, charles s charlie s if you're talking about implied, um orders, um, You know, I I don't know. Um, if these are like, you know, is it open interest from, uh, From options, um All I know is that I look at the aggressor in here. I'm not looking into that that kind of detail And it's just it's just these are transactions Oh, I'm not the founder of bookmap. No, I'm not the founder Uh our back story, uh guys, it's it's it's great. It's a great story. Um And and it's the truth, uh, so um I was not part of the original bookmap, uh team Their um, it was a small group and they were developing algos on their own and uh our cto Well, he was he's basically a quant that came up with um A method for seeing This is interesting stuff guys. Like, uh, you know, it was looking for those buyers to come in here and We're seeing the back and forth in here. This is kind of a hard area to read and we also have this european close. So Um, we do see the sellers coming in now. Uh, so, uh Just kind of waiting and watching to get to see who's to who's going to take control in these areas in here We do have uh lower highs in here Uh, basically consistently all the way through and I see not that's a nice selling coming in here Now, right. So, yeah, I'm kind of actually I'm Earlier I was I was leaning for the buyers to try to rip away from this area in here Uh, but now that I'm seeing that selling coming in, uh Yeah, I let's see if we can if they can make it down to maybe some of the swings again down in here so Anyway, yeah, it's it's not much to lean on in here in in my opinion, but um, so so anyway that He developed a kind of rudimentary version of book map to see how his algal was performing Uh, yeah any quant will do that. Um, they to understand, uh, their their performance They have to have some way to gauge it with the visualization Uh, when you're trading at at very very, uh, small time frames Uh sub second level. So That's why We retain that because when you zoom in the book map in here, you can zoom into these crazy levels in here and see Every single transaction down to these are microseconds here millions of seconds These are billions of seconds when we get down into nanosecond resolution here Okay, so it's all in here and uh That's a big distinction between us and others out there. Okay, so It's um, it's pretty cool. We still have that in our roots and um Then book map we were asked or we showed that Visualization to others and they said well if you make that a platform, I'd buy it and we said, okay I'll get to it. I'll get to it. Uh a boogie. Okay, so svp and ncvp columns are maxing out at the right at 14 to 15 Is that why there is maybe resistance in clearing above that area? Well There is no max out on the on the columns. It will hit a certain area in here and like everything else will scale okay, so Um, if if that's what you're talking about, I mean, this is just turning into a high volume node, uh in here And uh, uh It just means there's a lot of transactions Okay, this is another thing that that you know a lot of traders when they they start to um I look at book map. They're looking for signals Well book map doesn't it's not really doing that. Um It that what book map is doing and this is what traders really like about book map Uh is that it's just giving you the data Okay, but it's giving you all of the data like just about all of it in here I don't know what else we could add You know, you can have you can have some sort of wis bang indicator to show this or that or whatever Um, and and we have indicators as well to show imbalances or like, you know, a market by order data down here with stops and icebergs Etc. Uh, but it's just it's just data and it's Good data is what you need. It's the foundation in order to make good decisions Okay, or to give good information and then from that information you're going to start to develop You know some sort of clarity around it And then you're going to be looking for opportunities Okay, and then all of that after over time will lead to knowledge And then you know knowledge over time will lead to wisdom. Basically. That's the pyramid um Yeah, so anyway Back and forth and back and forth looking okay buyers here sellers here, I don't know This is at 11 30 now It's the European cash open But look and watch in here like we're going to end the webinar here soon in just a few minutes Um, but I want to leave a note on this This is where you know, we've seen this so many times during these sessions Um, that it's back and forth until 11 30 and then European closes in this market This zooms off into another direction Okay, it someone will take control after that that close Uh and watch for it. You guys know what to look for. Uh, you look you look for the uh, who's in control In specific areas Okay, and right now we're just getting a lot of back and forth in here. We're trying to determine it Uh, and it's just not enough yet to determine that Okay, so, uh, we'll continue to look continue to look for it. That's what I'm saying um and Oh, yeah, there's you can um captain price you want to develop an algo or api we have an api Uh, in fact, it's java and javascript base, but you can also develop now in python We made a bridge for python. So if you want to uh develop an algo in python, which most uh Traders are uh, or it's it's heavily used. So, uh, we have that now. Okay. So, uh, yeah reach out to uh, uh support If uh, if you have any questions about that Yeah All right guys, look at look at see the buyers coming in now, right? You see after the close here now I've got to watch it kind of carefully in here. Um, I'm not too convinced by it here yet But anyway, uh, just leave it on on that note Okay, and any more questions in here Okay. Hi, David. You're just popping in now. Yeah, we're just about to to end. Um Yeah Yeah guys see see we just not not not looking for that clarity in here just not getting it. Um You know buyers in here sellers in here buyers in here Sellers kind of in here and in here And in here we saw a bit of that And this is even better though. They're starting to come in here Okay, so uh, no clarity at the moment, uh on what's uh, who's in control in this in this zone here in this area in here And that that's what we're looking for That kind of clarity All right guys, we'll leave it at that. Uh, thanks for coming everybody the the, um Um Next week, uh Monday is off. We have that's a u.s. Holiday Labor Day. Uh, so No, no webinars at all. Everything is uh, uh off and we'll be back on tuesday Um So simon, what's my preference simon? I like the nq actually, um I like the way it moves. Uh, the es is a lot of back and forth But it's been moving pretty well lately when it when the es is is hard to read Um, or it's just moving like, you know, two points or something three points Uh, we're we we jump over to something else that's moving and all we had to do is jump over to nasdaq and it was moving great uh, so, uh, anyway, uh Levi like or levy the the, um, uh Crypto markets in the morning we have rain. Uh, he goes through crypto, uh and um Yeah, he'll he'll uh, you might want to check that out. I was in there earlier today, uh, just to you know, kind of pop in and ask some questions Yep, uh heat map settings my heat map settings just right click here heat map settings is basically default Okay, except uh, maybe the dimmer is a little bit higher here Or lower, I don't know Guys just not I mean, there's no clarity in here in this move right at the moment right now Okay, but we're looking for it right maybe maybe it takes another five minutes here Uh, so um, uh, yep go go check it out uh Let's see this if you want to continue in here, um Uh tom b he'll be next so you can watch his webinar. He's going to go through volume profile in detail Okay All right guys. Yeah, thanks for coming everybody. Have a great weekend Uh, and uh, oh, let's see our futures poll uh futures stocks cryptocurrencies. Here it is the results Uh for you guys just put it in here um By far, uh, the most of you want to look at futures stocks is um 82 percent stocks is 11 crypto is five Okay, so uh, there's our answer, uh simon, uh, and um Yeah, I know simon it's it's slow the es is slow, but most people want to take a look at that um, you know Yeah, I I really like the nasdaq market, but um Anyway Guys have a good weekend and we'll catch up with you on on tuesday. Okay. Okay. Take care. Bye. Bye