 All right, good morning traders Good morning traders and welcome to the bookmap live webinar This is Bruce at bookmap and we're going through real-time Analysis here in the markets Monday Tuesday and Friday Wednesday, we have J trader doing the same thing for stocks and Thursday. We have Scott. We'll see you Friday Wednesday, we have J trade so let's let's jump in and go through the disclosure and then take a look at these markets general disclosure all bookmap limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the stance or risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so Let's take a look here. I've got some candlesticks up. Let's actually take them off We may go over that later but And what else do I have up here? I have CVD and so let's see stops and icebergs now. Okay all right and Let's take a look here. So Actually, we'll take a look at the bigger picture here first And then see if you guys have any questions Anything that you'd like me to go over in general my god. We have so many different new releases here We just released the price change. I'll go I demoed it last week for you guys And there's a video now on YouTube. I can show you where that is if you want to go to our YouTube channel And then it's under here under videos, you'll see it here. It's just two and a half minutes long or less than three minutes long put it that way and Yeah, that should cover it and Let me know if you have any questions there. We can also demo it here Let's see Can you show how to open Tesla sure on shul? Stock charts and how to search them How to search for a symbol? Well, yeah, it's really easy To open up a symbol here guys. I want to mention something here. Just look look on this bigger picture here before we get into stocks And let me actually The heat map I have here is on the default level. Okay. I just hit restore here. It is the default level Look at the information in here We have buyers down here in the pre-market We have sellers basically up here and a little bit coming in here as well Okay, uh at nine o'clock. There's buyers here, but sellers are up here Okay, we traded into in a bit through Uh at the 930 cash open. It's kind of wild in here. It went from liquidity up here a little bit through it All the way down to liquidity here bounced all the way back up and then went through Where did it go? Where did it go? Where did the sellers take this market? And let me get to the chat room here in Okay, it's in under all markets bruce. Sorry about that guys. We still haven't um matched up the names in here for the uh Webinars for at least from mine all the rest are all matched up. We just restructured our discord Uh, guys, if you want to come over there to the discord, there's all sorts of great things going on Uh, let me uh explain for example, uh, we have uh, I'm waiting for your answer I'm waiting for your answer on where price went, uh and down to and why And then what happened after that? Uh, and uh, uh, anyway, uh We have this advanced webinar, which is the foundation on order flow and uh market structure The following webinar or a discord streaming event after this is with tom b Let me show you on our youtube channel Okay, he'll be next We also have here, uh, as you can see at one o'clock We have uh frank morero, uh from spanglish trades He will be streaming every friday Okay at one o'clock it will be in spanish Uh, and then you can see, uh, we have a dug plus options with dug At 130 And then we have the algo boys after that now the algo boys you will have to come to discord In order to view that channel. Okay, so really good stuff in here These are all top quality uh educators and traders Okay, so uh, I really uh, encourage you to take a look. Okay, it's for your own own benefit And um, I hope you find it helpful. Uh, all right, so uh, let's take a look here. Um No no answer. All right All right, well it came down guys, I mean you just If you don't see it and you don't understand the concepts in here in order flow Then then what's the point? I mean, where did it go? This is what it looks like if you don't have this information Okay, if you have the heat map though, look where it went Look at this liquidity here. Did it get filled? Yeah, it did And it's also a stop run through that area. Look at that Okay, did it come down to 55? No But what's the condition of the auction down here? Let's go through this heat map here It traded into high liquidity actually here at 62 and a half 60 A little bit more underneath here. Look at this. Look at that underneath Okay, this is where the sellers are meeting the buyers and they're uh, they're buying they're buying in here They're buying in here Uh, they're buying a little bit in here not much but now they're bidding up And we're finding other buyers in here They're bidding up again And we're finding more aggressive buyers in here. They're bidding up again getting filled a little bit in here What's the reaction to it? We're finding buyers These guys are spoofing. Basically. I mean they pulled their liquidity. They're they're in here and here It looks like they got filled in here. They pulled this they do not want to be sellers So where did price go? It went up to high liquidity here on the offer Okay, a little bit through it some back and forth in here and Now same same concepts Okay, what about this area in here? This is this is like a spoof Okay, it's interesting to see this kind of behavior. We haven't seen it for like a decade or so Uh, I mean this kind of it's more blatant spoof to me now. This is interesting It's like, you know these guys like What do I know but I know that you cannot spoof. Okay, you cannot show heavy liquidity in the order book And get filled, you know, I mean and then just pull it away, but they're getting filled in here a little bit So is it a spoof? Well, technically, no if they're getting filled in there some, you know, so Anyway, that's a way for I think These traders to get around You know having it be illegal behavior Yes, uh, this is uh the stream is um Recorded and it will be on our youtube channel. All right So anyway, like uh understanding this relationship in context here of Sellers hitting into very high liquidity on the bid and they're staying in the book and they're getting filled This is where buyers Here or sellers here the aggressive sellers are meeting the buyers here on the bid And this is where price bounced out of that area All right, so uh, we can demo it the whole way through They were here pre-market like I said and then up in these areas here And then it went went back down into these these areas here now sometimes in a big big trending day Um, you know, it'll trade into this you might get a little pull back like this just like this And then I'll come back down here and trade Uh likely these guys wouldn't be here on the bid. They would still be down here It'd be kind of dark in here and you'll see sellers continue on down into 50 55 and down into 50 the figure All right, so it again, it's understanding the context of the order book in here That's really going to help you Any questions on this guys? I mean, this is like kind of fundamentals of book map understanding the The heat map and the order flow here within it It's all contextual And this is a potential swing trade. It's also a potential even short-term trade in here Looking for that move and Look at them support it underneath. I mean just am I making this up? No, not not at all. It's right here. It's so visual And uh, they're on the bid here They're on the bid. Are they getting filled? A little bit not really not really right Okay, but there is pretty deep here. The bid is pretty deep Uh, why are they getting filled in here? No, not really But do the sellers take them on? No, they don't that's our context Okay, so we're looking for buyers in here Uh, and funny enough, they do trade up into here and there's highly coding in here, which does fill Okay at the 68 and a half up here Uh, and then what's the context there? Well, there's still more buying pressure. So we look for 70 Okay And then look at this flip of the order book up here All we're really looking at here is really the price action in the order book Filled into this liquidity here. Now they flipped on the bid here And they're getting filled in here now Okay, uh on the bid. All right. Well, that's interesting Uh, all right. Are they getting filled down here? Yeah. Yeah, they're still on the bid here All right, so if they're still getting filled in here Uh, and we're finding that there's still more buyers in here has have the buyers and sellers really exchanged Hands No, they haven't And uh, and we continue on up right So here again, we just went over the spoof a little bit filled in there Okay, now it's getting interesting. They filled these guys up here. Okay. See the big green dot Okay, so now we know that is starting to exchange hands All right now have they have they uh met the buyers again down here not really Okay, so, uh, yeah, maybe we'll come up a little higher in here But i'm starting to look to see i'm interested to see if we start to get aggressive sellers now Okay, so, uh, I don't know if there's still more demand in here to trade into this supply up here at 77 Looks like there is look at this spoofing. This is a spoof clearly Uh, and this is a spoof underneath clearly, uh, and it I mean look it's not 100 percent, you know, who knows what their game is but all I know is they showed very high liquidity in here And they pulled it they did not trade they showed very high liquidity in here And they're still here. All right, so, uh, did these guys get filled in in this area here? Yeah, a little bit all right Okay, so there's some exhaustion right here. Let's see if we get some sellers right here Right here is where 77 and a half we're looking for sellers and then to drop it down to 75 and then down to 73 and a half here Hey, they're still on the offer up here Nope Still still more still more demand in here and they're pulling here. I want to see them get filled Spoofing means very high liquidity in here Uh, and they have no intent to trade. Okay, so these guys got filled at 80. All right Still a bit more pressure Still a bit more pressure All right, let's see if we get a pullback just down to 79 or or maybe 77 here. Boy, there's still more more buying in here Yeah, looking for it though. Let's see Now i'm looking for it because they're getting filled in here a few different areas on the way up okay, so We want to see this context and relationship Uh of this liquidity like up in here and there's no demand for it now It seems to be still a little bit of demand in here Let's see if we get a rotation here at 80 and then through it down to 77 Pulling here 79 See these guys really don't want to be buyers here. It looks like Okay. All right. Let's see if we get our sellers And the move back down Uh 79 and then 77 and a half Okay, the order book is stacked here on the offer No, all right, but they got filled again up here at 83 Okay Well, let's see here. We had and we had our stop run over here too. So I'm still uh, boy, there's a lot of buying pressure in here Let's let's take a step back. Let's look at our bigger picture here All right, so yeah, we're up here Uh, I this is where I hate looking not looking at the bigger picture here and just looking right at the order flow But we do that every time Uh, just we see good stuff and we need to go over it immediately. Okay. So here's what's going on in the bigger picture. Here's, um The swing from today here. Here's the big gap here That you guys can see uh, so it looks like it's trying it's at least back up to the swing here And probing to see if we can go a little bit higher here All right, now if we do see more buyers in here, we'd be looking for the gap fill Probably back up to this 96 or so You know somewhere around there. Maybe maybe uh, 4100 Uh, but I'm looking for some sellers up in here Really, I mean we've already seen that the these sellers are getting filled in here So I'm I'm still looking for these sellers in here in the bigger picture. All right. I'm looking for a pullback Uh, I still like 77 and a half here So let's see if we if they got enough here for a pullback in here All of this buying in here has just come up to the, um Uh, uh previous swing, uh, and uh now we're looking to see if we can get, uh, Some profit taking as well as maybe some sellers jumping in to trade it back down Uh, market pulse is all set to go. I don't know if it's 1.16, uh, peter Uh, didn't go over spy. We're looking at the s and p e many, uh, sheena Hey guys looking good here still looking for those sellers Uh back down to 77 and a half here And the 77 and a half would be the partial profit on this one Uh, let's see what version I have here of market pulse I think I have 1.154 or something Okay, uh here we can answer the question immediately Go to bookmap.com Uh go here to the more button knowledge base And then go to the add-on section And then market pulse here Okay, and let's download it Just, uh, you'll see it Over here on the right hand side is the kind of the listing of the center page here, uh, and, um The download link To download market pulse here it is right here Okay in yellow or highlighted click on it And let's see what version it is. It's 110. It looks like Hmm Yeah, it's 110. Um, I'm not sure um I don't know what the answer is then. Um, it's best to reach out peter to support Yeah All right guys partial filled here at 77 now. Look, I know this one this one really kept on pushing to the upside We were looking at all that absorption all the way through though, and it is a huge buying pressure Uh, but we know they're getting filled, right? So we are looking for that. Uh, at least profit taking and a pullback here Uh, and uh, you know the way to kind of look at this here on these tricky um On these days when you still see that buying pressure in here is, uh, the bigger picture helps a lot Okay, when we kind of step back and look at the bigger picture, then it was making sense It's like, oh, okay. They're just coming up. They're racing up here to test, uh, this uh swing high here Uh, and if there is more buying pressure, we're gonna we're gonna hit the gap Or fill the gap up here, uh, but just it kind of traded into it. Now it's pulling back All right, so let's take a look at here at the 15 minute chart In fact, we can even take a look at a five minute chart might be more helpful Uh, here where where might it go? Yeah, you know, maybe down a little bit lower I just see a little bit of a slow down here before the big pop That we just witnessed to the upside here So maybe we get a move back down to 72 or 70 something like that All right, so that's possible Okay, there's liquidity here at 74, uh, and uh looking looking to see if maybe they stay in the order book here Again, we're looking for that exchange Between buyers and sellers now Um, you know, we've always looked for we've always done this We've always looked for when liquidity is getting filled that tells us a lot It tells us the most that there's there's transactions going on here Uh, and we want to understand that it was gene from the Alago boys though He was the one that came up with understanding the exchange between the buyers and the sellers And it's it's a really nice way of explaining it Okay, do they exchange hands here? Yeah, okay So all right, I would actually look for a little bit of a bounce out of here if we get buyers here And then maybe they'll trade back up to our 77 level that we already were looking for as a as kind of the first target Okay, because the exchange took place here Right. It also took place up here. We know that right. So we're just basically Uh, this is kind of like a gap fill in essence Okay, so there's the move back to 77 right already And uh, based on you know under just understanding this exchange between buyers and sellers There's one example here on this micro structure The other example is here on this macro structure Okay for the day All right down here the exchange between buyers and sellers in here All right, so uh guys, I I hope that you are um, I like to get your feedback I like to be have this move be more interactive Uh, this is good stuff. All right, so Look for this integrate this into your trading plan Okay, if you're are you trading candles, for example, let's take a look Okay, five minute candlestick chart. All right, so five minute candlestick chart Well, here's your top here. Uh, it went just above the swing here and did it accept? Absolutely not. Okay, it may later But right now we were looking for this and this was our primary scenario Was a blow off of top here back into the middle of the range Let's suppose that you know, you're you're not just a candlestick trader You're also looking at a volume profile. Well here, there's your mean reversion trade right there Got it Right there. Um What are my rules to enter a trade there? I'm going to go over many different ways to go through a trade Okay, this this is not a trading room. This is an order flow reading room that applies to any trading method um panamets Okay, it's understanding the bigger picture here in order flow and then applying that To your specific trading plan. So panamets. Why don't you tell me? What is your trading plan? What do you trade and then we'll take a look at it? I'll be happy happy to do that I think that'd be really helpful. It'd be helpful for maybe hopefully for you, but um, uh, maybe also for others Uh, and that's why we're waiting here Let's cover, uh How to add a stock in here very simple click on plus tab over here You've got you've got to um, either subscribe to either dx feed or omni feed data And then you you click here To input your symbol. Okay, so let's let's put in. I think you wanted to look at uh, tesla Sure, type it in and then it's right here Select it All right, and then we can look at you can put in some backfill data here By default you get one hour of backfill data Okay, if you want to subscribe to more you can from dx feed it's $14 a month And you can get up to 24 hours All right, and let's subscribe to it just click subscribe now I've got a lot of symbols in here. So click here on this arrow button And you can see like, uh, it's at the end of the list here Okay, and now we can click on it and we can go through tesla All right. Look at tesla just traded into into 202 and Same concept guys totally different market Same concept This is where the sellers met the buyers and we're getting a bounce out of that area Okay, so, uh, you know, you can really, um This is a confluence in here. Well, it's just understanding the it's understanding the market participants in here Very visual here in book map And when you see that You can look for a potential bounce Out of that area when you see the buyers come in here And I would be looking for here to be honest to be the first pullback I know it's not much, but then I would look for here probably as the second Um, just due to the price structure, uh, and the the transactions However, the liquidity is up here at o3 and uh and 30 Okay, so that's where the, uh, um The sellers are up here a little exchange took place here also at o3 as you can see All right, so now a couple questions. What if the exchange maybe took place here and there's no more buying pressure We'd look for sellers in here and for them to drop it down to maybe o270 Or o2, uh and a half, you know this liquidity down in here Right, so we didn't we didn't get a whole lot of sellers the buyers came roaring back in and and now we're back up into this liquidity Now that has exchanged hands Okay, so there it is All right, so, uh, is there still more buying pressure looks like it will then o3 and a half Uh, maybe to like o3 60 Okay, now o3 and a half transacted And we're back down to o3 Yeah, I don't have much for a read on here, but I know the transactions took place in here So I would be looking for some sellers for a pullback here. Just not a whole lot of selling Let's see if we get more buyers back up here again No, not even close All right, so the sellers are going to search for that the the buyers on the bid Hey, here we go. So let's see Not a not not enough not enough up here Not enough buyers here. We see we see some here and we see very little here Here they go again We'll see Um, let's see here Bruce tips about market pull settings. Yeah, sure. We can go over market pulls Um in more detail. Uh, no question. No, no problem. Uh, let me get over to uh, panamets. Okay. Great. There you go Thank you for uh, for your input here Uh, reversal trader. Okay, uh, you pick the tops and bottoms using indexes as correlations But you need to know more about your feeds like dx feed to have more confidence. Uh, so are you are you trading stocks? Um es only okay okay, so uh And then uh, you're looking at the other other correlated uh indexes as well Okay, so we can get into market pulls on that um And uh, we can just very very simply look at then. I mean reversal trades are are harder Uh Much harder. Uh, I I feel uh, because we don't know how much supplier demand they really have in the move Uh, and uh, but what we do know though is when it has They've stayed in the order book like this Uh, that we can look for um, you know sellers maybe on the other side that maybe that's It maybe this is the transaction that took place. Uh, and then we get to move the other way All right. So, uh, uh, anyway on this time frame, that's what happened here And on this time frame. Well, would this be reversal? Yeah Here's your kind of a shoulder head and a little shoulder here and there's sellers below it here Right. So now we look for more sellers here for continuation of that reversal Into o2 and let's see if there's enough selling pressure. We're looking for sellers, right? Okay, there's some selling pressure in here I'm still looking for them to hit into o2 and a half and then let's see if they can trade through it back down to o2 Okay, it looks okay. Looks looks looking for those sellers here Didn't get them They traded down to o2 and a half didn't get them though. No, look at the selling there Very little very very little Right when we're getting buyers on the other side Okay, so Looks like this may fail here, right potentially fail Yep Yep, looking for them to come right back to o3. There's still more buying pressure and I'm looking for them to break out There's more buying pressure looking for o4 Okay, a little bit of a pullback Okay, but it still seems to be more buying pressure and not selling This is how you can decipher the difference between maybe profit taking and uh, uh, you know Who's really got some demand in here? Okay, so we're looking for o4 and o4 and a quarter I know I know there's some buying pressure still in here Okay, just it just exhausted out here, but it's just a pullback for now Okay, now let's see if a buyer this would be a an opportunity for buyers to pick it up again in here And to try to trade it back up higher Okay, there that we should see and pick it up right in here Right in here O3 50 and then let's see if we can get to 80 and then no o4 There they there we go beautiful beautiful move guys beautiful stuff still looking for o4 And not enough not enough buyers Uh, this all did transact though one Well, some of it pulled here, but two and three. Okay, they all transacted All right, so that gives us a lot of insight in here Okay, so we didn't we didn't make it to o4 All right, but see again. We understand that these guys did get filled in here Okay, now we're getting a heavy sell-off Okay, yeah looking for sellers Did they exchange hands yet a little bit here a little bit here? All right, so maybe we get a little bit of chop right now But the liquidity is still down here Okay, especially at o2 20,000 shares down here at o2 And a half Let me get to uh Panamets your question on reversals. Okay, and and and this is why it's a little trickier and you have to be more patient I think with the reversals Instead of like, you know, just knowing that there's more pressure and just looking for it to continue That I think that's a lot easier So, you know looking for our o2 and we're almost there Um, you know, we can we can realize who's in control in the moves here, right? It it it's sellers There's there's no question And we can look for pullbacks into areas like Like maybe uh, maybe here Okay, uh, and um, uh, we'll see but uh, uh, yeah So yeah, I think we're probably gonna get a little bit of chop in here to be honest for now Um, anyway, the the reversal pattern up in here is this is three hits so high basically one two three Nice volume up here, but look where the sellers came in. This is your this would be at least for me This is a reversal pattern Okay, I don't know until I see the sellers come in And they're really coming in here. All right So I still don't know if there's more Um, uh buying pressure in here, but if I do see these sellers and they start to break on heavy selling I would look for them to come down here or meet the bottom these guys at the bottom down in here, right? So you can see that there there was Even even this little area here that we pointed out to where they broke out from See the liquidity in there. See how they came in here. It it's kind of faint at o3, but that would be my first target Uh is is this area because I know there's there's buyers there And they are in control of this move here The buyers are in control of this move here Okay, I mean it kind of even started a little bit lower here Uh, but uh, there we go. There's our o2 There's our o2 and there's still more selling pressure Okay, be careful here. See see see the yeah, we're initiated here Okay to the upside So yeah, this would be a hard reversal pattern to read. I think uh And we but the other other ones that are easier that take a longer time to kind of reverse Would be maybe kind of this in here Uh sellers sellers high liquidity sellers No, we start to break micros or smaller structure and buyers up here now. It's kind of back and forth in here, right? Uh, it's not this is not a great pattern either But it took longer and you can start to see buyers up in these areas here less sellers down here typically Typically you see the bid adding more at higher levels in here And again, you start to break smaller structure on buying up here Lack of selling more buying buying and then and then you're looking for your break Okay, that's one way to look at your reversal patterns in here and To take advantage of them in the context of the order flow panamets Okay, so you'll see this again and again You know that they'll trade into that high liquidity trade into that high liquidity trade into it And then you'll start to see these buyers curl in kind of uh You'll see the structure change in here. It's back and forth, but it's starting to change and shift That's why you can also look at your your cvd You know, that's why a lot of traders like the cvd because you know that there's you don't need it Because you know that there's buying in here Uh, you start to look for divergences though. You'll see less selling down in some of these lower areas Uh, and uh, you'll see more buyers in this area. Of course cvds can be divergent Okay, in this case it wasn't um, because it didn't really fit what I just described Uh, there's a little bit of it, but it didn't really fit um So, uh, anyway, uh, that's another way of looking at it starting to understand when buyers are starting to take control of it Okay, now these are very classic patterns, but what we're talking about is the order flow within them Let's jump back to the es and see what's going on Okay. Well, here we go again, uh, you know high liquidity polled some of it traded Some of it traded see how when it some of it traded we're not just quite as sure You know, we want to see You know these large areas in here just getting filled Uh, now we have a stop run here into high liquidity here Okay, nice little stop run if we get buyers back up above it look for them to trade back up to 72 and three quarters Or 73 74 Okay, so here this is kind of a reversal pattern as well potentially Uh, if we get enough buyers up in here if we get enough buyers up in here And we didn't Okay All right, so we're back down here again, but they stayed in the order book down here at 70 Okay, that's good Here they are on the on the bid in this area here. This is looking better All right, let's go over this market pulse tool Um, and let me get to some of your other questions over here When does dx feed get the information like limit, etc from the nasdaq? Is it nasdaq? Yeah, I mean, uh, there's different packages Um, uh karsten from dx feed Uh, it will include, um, uh nasdaq depth as well as, um edge x Okay dug um Yeah, I don't I don't know You know like we don't want to trade in here um for the reason that We actually had um Let me explain Doug, uh About the trading live trading we actually did offer it And uh thinking that's what everyone wants. Okay. Well, you know, uh, these webinars are for going over and creating a foundation in uh Guys, I keep a look on this an outlook on this here. It's been filled. It's been filled It's been filled looking for buyers in here looking for them to take it back up to maybe 74 here Okay So see if there's less by selling pressure and more buying pressure Especially on this rotation right here On this one at 70 70 and a quarter So here Doug, I'll I'll simulate it. Yeah, I would get in here I would put my stop down here. I'd be taking my profit up here around 74 Okay, uh, and that would be my partial profit and this would be potentially a reversal Okay, potentially a reversal Uh, and that fits uh panamets Question as well. Okay. Now the problem, you know, I'm not You know, this is what happens with reversals Is like uh, you put your stop down here It's not quite ready yet. Not quite finding enough buyers yet And you'll get stopped out and you got to give it a couple shots Right, so uh, that that's you know part of the Part of the process and reversal it takes a while for it to kind of turn around Okay, and we want to understand like the context in here and the context was good We had our reasons and this is where I like also like, you know, you look for I don't know look for some of these areas in here to take your partial profit Maybe you did it up here. Okay. I was saying 74. Maybe that was a little too high So Doug, I would rather go over it like that Then I would You know placing placing trades and orders in here Okay Once we do that what happens is people don't learn And they just look at the P&L Uh, we we were doing and and basically our our strategy in here or kind of our outlook For the education here Is um, this is the foundational course Okay, that we have online and then we go through it in the live market and verify it and put it to the test in here Then we had Jay trader stocks trader. He trades a very specific way And he you know, uh, he uh is an individual trader Using book map Therefore, uh, that if he wants to take positions great, uh, it it's Him as a as a um individual trader scoppelsini as well And they were up until just recently and and we pulled it away. There's liability issues. That was the number one reason but then and also You know fits into this kind of bigger picture here about the trading part uh, and um yeah, if You know people are just following They're just shadowing there's like, yeah, he said it was going to do that so it should right Well, that's not a trading plan. You're not going to learn anything there Okay, again, look at this one here now look for buyers here Okay If I see enough buyers in here, yeah, I would take another shot at this Okay, I would especially if the book underneath here say it's starting to look better Okay, the book see the book underneath. There we go. That's okay. I want to see it trade up to the 71 and a half here okay, and uh And then let's see if we can get back to our original target of 74 here Okay, it's still holding See we see underneath here. We see a little bit of demand underneath and and we're finding some buyers Okay, we know the exchange though has taken place Okay, now we're just looking for understanding the context in here is there still more supply or demand in here Okay, again, this one it didn't work out Okay, now now it actually it it may here look at the demand coming in on the bid Okay, do we get our buyers in here? Yeah Little bit not much Not much so again, then you would filter this trade You know you're looking for something very specific if it doesn't look good. Don't take it You know that would filter out is by the context in here that we know that Hey, so we just stay away from it until it looks really good Right. Don't you shouldn't have to squint at it? Uh, and uh and look for You know this looked okay. It looked okay To be able to or was it I forget which one. I thought it was this one here. Um, but uh You know it starts it starts to look okay. So yeah, we're looking forward to to unfold or maybe it was it was over here I think Right. It was starting to break some structure and then you know more sellers came in Okay Okay, it's getting interesting though because we know a lot of people got filled here on the bid Okay, so now we're just waiting and watching is there still more selling pressure I I like this rotation again I like it it traded into these guys at a higher level. They got filled here. I'm looking for those aggressive buyers And let's see it No, not yet It's not ready yet Now the beauty uh panamets of your um, you know looking for reversal patterns Uh is that once you've got them you can really leverage them Uh and scale into them. What's the white number in the brackets in the in the oh, uh, right here Is this what you're talking about karsten? Yeah, we'll get into market polls guys. I'm sorry. There's been three requests now. Uh, we'll do it uh Let me answer, uh Karsten's question on the uh number in in brackets. I think it's this right here that you're talking about last trade Okay, look at this. All right. Now look again and just just give you a good feeling. No No, not at all These guys look like they meant business in here, right? It really does it look like they meant business this whole time They're staying in the order book at a higher level as price came down. They pulled it away. Some of it got filled in here Not much Not much. Okay. So again, we really want to understand this context. This is what gives us uh The ability to uh, kind of filter out, um, really poor trades and look for really good high quality trades Uh in the plan Okay, so, uh, if panamets is looking for his reversals, uh, then uh, You know, it it's still not Quite there if they're going to pull that liquidity in some of these areas here And look at the structure here still trending down Okay more sellers Okay, these guys did get filled now. Look at that icebergs getting filled in here as well and Not many some Okay, uh, let's let's take a look how much liquidity was here Uh, 200 and 332 What transacted? Well 170 so only about half of it transacted here at 65 Okay, we want to see a little bit more than that okay Anyway guys, this is the original idea has played out really nicely here Uh, the original idea was the blow off top back into the middle of the range and we were looking for this kind of 70 ish Potentially, uh, it's already traded through it and it's back down. So Yeah, I mean like uh boy. I mean on this candlestick shot I don't really see much at all except for maybe move back down to the the buying pressure down in here We see in the wick Okay, so this can just continue to slip on down Uh, we're we're looking we're waiting we're watching are they getting filled and some of these areas they were Uh, and then we noted that some of these areas were kind of you know partially pulling uh as price went lower All right, so let's see. Um Okay, so this number in the brackets here Yeah, I you know, I usually turn it off to be honest because we always get so many questions about it Um, it's very simple actually, but uh, I know it can be confusing Um, so all it is showing in here, uh is Let's get back to it Uh, I think we probably get a good example here. Okay Okay, so here All right, um last trade Let's find the last trade first Okay, last trade was down here Okay, it was a it it actually lifted and move move price one take higher here It was 32 32 contracts Okay, so uh, and that was on the best offer Uh now the 32 here in green that means that this was the aggressor. It's this dot here That's what the 32 uh and this this means here All right, so but it was on the best offer. Don't get me wrong On that it was just an aggressor. So that's why it's green And then it went up higher price went up higher Okay, uh, and then it went up here. Let's zoom in a little bit Okay, so it went up here 13 transacted Okay, and it went up higher one transacted up there Okay, now this is where it gets interesting. I think we got seven here Hmm No, we have to go down here. Okay. So here last transaction one here and it was red Okay, uh four here. Okay, it's still red all right now This now we see the discrepancy or the distinction here now it's six and um So at the same price level, uh, it's aggregating here with the white number Okay, so we can see it was four earlier and it was red Now it's six, but it's still at the same price level, but it's two Okay, so if it if they're if they continued to buy here on the bid Well, it'll continue to aggregate Uh, and it might flip again Now see once it goes down here And and price moves it it changes It is it resets to back to one or back to whatever transactions down here Okay, so I hope that answers your question Do we have a video for that as well? Um, that I can I can point you to But that's the gist of it All right. All right. This is getting really interesting in here more and more liquidity again here down at this 65 level here All right, let's take a look We have any other kind of market structural stuff in here a little bit here Okay, did they stay in here looks like it Kind of you see it kind of is not something really to to Hang your hat on all right. Well, we may get a reversal here. We may But uh, I don't know it's just still not You know, I don't see it evolving yet. We're still in a downtrend Okay, so yeah, basically I'd still look for this to go lower 60 57 Okay, market structure wise as well as them not quite being on the bid and getting filled Although we see them in here. They're not really getting filled A little bit in some of these areas a little bit Okay, so yeah, I mean look we're we're kind of looking for it to still slip down lower 60 57, uh, but um Again understanding Really what kind of unfolded in here? That's what gives us More insight and if it doesn't look at all that good then stay away from it because this what is what's possible to happen here See this watch this This will be the stop run and watch the buyers come in and then like move it to the other side and stop everyone else out That's like short in here You know, so you get these little nibbles or moves down low It's not money points and then you'll see it come all the way back up into like 69 up here Right because some some people got filled in here Right, so they're gonna they're gonna maybe uh, uh, maybe the buyers aren't really or the sellers aren't really going to take it here In fact, you're starting to see buyers. So we would look for That potential move back up into maybe this liquidity here or here Okay, and this is tricky in here Yeah, I mean we we know they're filled when we can look right at the liquidity and then right at the the transaction The big dot right into that area Yeah, we can we can look at vwap in here. We can look at other indicators point of control Lines on the chart here. Yeah, if you're a vwap trader You know, uh, we can go over even that strategy here Uh Yep, we'll we'll mark market uh pulse not market pro Panamets, let's open it up And let's uh, get it going here. So I already have a bunch in here Already So I know I've already got it here. Yeah, so let's play it on volume pressure Uh, we can also look at look at price change Okay price change the one we just released yesterday Here it is here. Let's play that one Okay, uh Panamets, you won't be able to hear it or you know, you guys over in discord. You won't be able to hear it Uh, which is a pity, but you will be able to hear it on youtube the obs That's a pretty good job Brother chromatized so the idea that liquidity getting pulled on the bid is slightly bearish um So here here comes the volume pressure On the sell side Yeah, I'd say look for 60 here. I mean we we don't see anything here The the one thing that it like I said, I just don't like about these kind of shallow trends Is it can be whipped around very very quickly and easily Um, you know, they just just start to break down and then like it pulls back up You know and then Yeah, people are getting stopped out on all all sides here basically Yeah, candlesticks are are telling us that it's going lower as well. Like it's just We see some wicks on both sides, but it continues to go lower here Uh, we can look at some of the correlated markets in here, uh as well. So let's uh, let's get those up and running Just looking for this follow through in here and let's get our Our 6e we like that one our ym our russell And our nasdaq. Where's our nasdaq? I got it interest rates as well Where's our nasdaq? There it is Okay Here let's put the es up on top The ym here Okay, and then we got price change over here as well See they're all kind of quiet here except for price change on the es All right the selling euro dollar that's good. We should see you know Looking for the sell-off to continue then Uh, let's see if we get maybe like it to pick up into this trend here. But like You know, this is where it's tricky like this is the bottom of the trend. We have high liquidity here at 60 It's been in here for a long kind of a while 57 and 55 or more So the idea that liquidity getting pulled in the bid is slightly bearish. Um, I guess so, uh, brother chromatite like, uh Here's our double bottom pattern guys. Yeah, I'd be looking forward to come back up and into the top of the range here Yeah, there we go. There we go. Um Now according to the candlestick patterns Yeah, I mean, maybe maybe up here 69 maybe back to vwap here Uh, we not we got to see a lot of demand come in here. Um Well, just it means that like We and the context here is if they're going to stay on the bid here Uh, and they're going to get filled that means something a lot more than them pulling Look, it looks like they have the intent to trade here, but they didn't Right. So the exchange of hands here did not unfold Okay, so it kind of slightly did in some of these areas. So this is where it gets a little trickier, right? Whereas like earlier This was pretty obvious over here Okay, when we started the webinar, uh, and saw this big move into this high liquidity down here That's telling us something especially once we see it start to turn around and and and uh, we get the the buyers starting to come in Uh, and we also see the order book bidding up underneath here And then now starting to pull here on the offer Right like in here and see how they stayed in the bid here. We already covered that So that that's like again, it's just it's really just understanding. Okay. Did they buy where? Um, did they sell where? Uh, what you know, what was that context here? And just think of it like any other auction really, um You know, it's like well if there's not enough buyers and they they say, you know what I wanted to buy, but I don't want to anymore if You know, there's enough sellers. They'll just continue on Okay, so now we're starting to see the price move here, but I don't see volume pressure moving up yet And look at this. Okay, so they these guys look like they wanted to stay in the book and they didn't so the exchange did not take place So we can still look for this back up into maybe 71 And look at this algo here Okay, now he actually some of it transacted in here Some of it see how he pulled some of it though on the way up So, you know, what's his game in here? He's getting kind of partially filled in here If if this guy was really screwed He'd want to get out as much as he can up here You know, he's chasing here pulling liquidy here adding higher pulling adding higher pulling adding higher very very very quickly it's an algo and In this case though, it might be you know have a little bit of a different game It maybe is trying to get partially filled or trying to push price up into here Okay, up into the vwap or a high volume note up here up here, right Candlestick wise. Yeah, we traded back up to this kind of top of this range or this candle here Okay, would it would would anticipate a pullback? Maybe to back down to here Okay, back down to maybe 65 Okay, the first time it, you know, look for a pullback and then if we come back up We see those buyers again, then we look for the breakout up into 71 and a half here. All right. So anyway, we got The volume pressure on all these correlated Indexes plus the euro dollar And not not getting too much out of it right now. It's been really kind of back and forth or choppy in here Yeah, branko. This is really cool. This this is such a great tool And you know, again talk about confluence here and I love it, you know with these correlated markets Even panamese is he's he's looking at a reversal patterns, but You know something to really confirm a better reversal pattern Is when you know you have the other indexes along with you So and you can see that and hear that with this market pulse tool All right, let's see if we can We get more buyers back up in your see again see buying pressure on the wick Continuing on up selling pressure here back down, but now we're looking again. Do we get more buyers in here? We can come back up into the wick And then maybe even break out Okay, here they come great All right, trade it into These guys did get filled here Again, like I don't know. I mean like this just doesn't give me a really good feeling that if these guys are getting filled in here 357 150 Yeah, I mean partially filled Yeah, I guess I'd still look for it to go higher. Uh, but uh, Is it a is it a really good solid opportunity? I don't I don't think so Okay, I would look for it to go back up here though to this vwap or or you know 75 here this point of control Let's let's put the point of control on here as well Here we go Okay, just the most traded level Yeah, it's so simple. Um, uh, branco it's and it's so useful. Yeah, I totally agree James I love hearing stuff like this, uh Uh, you've gone from unprofitable to break even making a profit using book map And the last 14 days and each day seems to get better than the last As you learn more Thank you. Uh, thanks james. I really appreciate it. Um Yeah, let's get to some some other questions in here. Let's see. I think there's one other one. It seems like playing a game tricks trying to Yeah, exactly. I mean, uh Neocortex like uh Trying to get others stopped out getting people on the wrong side And then moving it the other way On on that on especially on choppy days what we typically see in the order flow is um I'll try to look for it here. Um but This isn't quite that choppy. I mean it did trend here, but Here let me take the heat map off for this Is see see this is down here. This is kind of like trap volume and then they move you'll see Then kind of get caught and then have to cover on the other side in here Uh, and then the other thing happened. It happens again here now. These guys are caught. So here here's what I mean I can you can draw it up caught Oh, hold on. All right. Let's try this again. All right. So yeah, it Hold on one more time so Yeah, kind of caught in this area then move it against You know Get them caught in this area Get them caught here. Uh, and in this case it actually it trended down Uh, but you'll you'll see it again and again like uh And and that can be that choppy environment like here. That's why we're it's like, well, is it really going to do it here? No, we didn't like it. Uh, it wasn't enough points and uh Selling was good, but look at the buying on the other side. We could look for A potential like, you know, something like that. It didn't happen, but it looks like it I wouldn't this is not giving me a good feeling of like a higher probability trade Why take the risk on something like that? You know, um, so uh anyway All right, so we kind of came up here and retested and we do we still see some buyers up here Uh, can I go through cvd and how we interpret it? Sure. Uh, I've I've got a kind of a mess down here due to the uh, Just adding in this market pulse And I've got stops and icebergs down here, but let's put in just cvd Okay, cvd is a very very simple tool. Uh, it's just These are buyers in here with the green dots Sellers here with the red dots Okay, and we just want to understand like You know, who's it just adds it in cvd So if it's if it's a hundred that traded with the green dot mark it by and then 80 sold Well, then cvd reading would be 20 Okay, it just buy minus sell all the time and it just just puts it. Um, plots it on the chart. That's all it does Right, uh, but what that allows you to see though is that wow, okay? There might been more buying up in this area here Like here is a divergence Here's a good example Um, and you can you can understand the divergence is you don't need cvd to tell you this you can just look at it Uh, but uh, see the divergence here look at this here and then it made a higher high in cvd But the divergence is here. It made a lower high here that means That within this little area here, there's more sellers than there are buyers at least in this little area in here Okay, so if there's more sellers and buyers now you can see it's starting to play out actually You look for sellers to come in and start to maybe drive this and see if they can drive it back down to 60 And I'd be looking for that actually right now. I can see them coming in and let's just see if they uh Take these guys see this might be another spoof here Looks like they want to buy right well, let's see Yeah, see partially pulled. No, I don't like it. Like I'm still looking for these sellers to try to drive it lower here 62 and and maybe uh 60 here Okay, what what else do we have going well the ym is actually buying Nasdaq selling off. We know the s and p selling off Ah, see see how this doesn't really give us much either right now Okay, so again filtering out is this is this more likely to happen right now No, I'd say no This is just not high probability So just wait and watch Wait, you know, you always hear that, you know term about snipers Uh, you sit you're a sniper. You're waiting and watching you're a hunter I mean it really is like that Uh, you're you're waiting and watching for that higher probability trade. Why why you know waste your ammo? Uh and your position and and uh, you know miss the target, etc Uh, you just don't have it all the pieces here right now Wait till the participants in here start to go all in one direction Then you got something Hey, yeah, we all want to trade we all want to hit the button and everything but we we're all Uh risk managers And we have to be accountable and responsible Okay, so this is how you get into building a trading plan Okay, now look at this. Okay now as stock indexes went up euro dollar selling off Okay, is this leading here kind of we've been watching it lead All right. So what does that mean? I'm watching this area here Okay, if I see sellers on the and especially on all of these indexes Sell here at at 64. I'm looking for it to drop into 60 Okay, there was a there was also a divergence here Stock market went up and euro dollars selling off Let's see looking for sellers here and then looking for the move lower 62 to 60 Okay, again, is this high probability? No, I don't think it is Let's let's uh, let's see if it plays out though Okay, so we're just going through and understanding the markets here Okay, it's looking higher probability now starting to get those sellers Okay on the russell On the es the nasdaq starting to pull show a little bit here All right, let's see it then let's see it sellers Candlesticks will we have a swing here? We're looking for a break below the swing here on sell Here we go And let's see it sellers 62 to 60 Maybe maybe maybe 57 and three quarters Okay nasdaq russell was earlier So For what it's worth Yeah cvd divergence in here now just to cover the divergence No, I appreciate that chopper Just to cover the divergence here Just to understand like that there's a lot of buying in here, right? Well, obviously cvd is going to be going up. We know there's a lot of buyers in here The sellers in here kind of pull it back a little bit Okay, and we get a move back up in here and we and compared these buyers in here to these buyers over here That's why you're getting a divergence Hey, even though You know, we can see that the the buying is kind of equal here, but but price didn't go higher And that's your divergence That would mean This is where we can get into it more too Nice nice move guys. There's our 60 And let's see if we can get let's see if we get continuation in here. This thing's been playing around for a while Let's see Okay Maybe we can get more Supply in here to hit into like 58 Look at the price range or price change Looking good sellers still hitting euro hitting as well Still looking for it to go lower Euro dollars still selling off Euro dollars still selling off even on the pullback here Interesting move. I was going to mention something about cvd Hey, well one of the one of the thing. Oh this I was going to look at The that's what I was going to look at was the um iceberg. So up in here. This is this makes me curious here And that And I don't as I was looking for a lot of icebergs up in here and I don't see too many at all Is actually quite a few that were just buying on the way down Not a whole lot a thousand Or so, but not bad All right guys, well Anyway, uh Let's look look at the bigger picture here not kind I got a lot of stuff on here because we're looking at the candles. Um, we'll take the candles off And uh, let's go through a bigger picture here Not a bad place to take some off here at 60. This is where they were before this is where they were again At 60 we know the transaction took place Okay, we can see it right here. Boom right into it 577 Okay, so not a bad area to take some profit on this, uh on the way down at 60 Okay, we were still looking for more. There's just a lot of supply in here. So we're still looking for, you know, 58 um Or this liquidity down here it it came just Uh a tick or two away from 58 Ah, this is what I'm gonna say another. Okay. So, uh, I'll be stopping here In a few minutes. So get your questions in and guys hit the like button if you like this, please It really helps us Trying to go through is answer all your questions trying to help you as much as I can on any of the trading strategies that you use or may have Uh, so that you can integrate this context and understanding of order flow It should offer an edge here for you once you start to understand the participants behavior Uh, if you don't have it, it looks like this You know, uh, well, it actually looks even worse than that. It looks more like this How do you know where where traders are? Um You know, you don't even have best bid and offer which is pure price action You have this and you're trying to read like, you know, uh order flow with this And and also bars in here that the volume bars I mean, uh, you you just get you have a lot more transparency here You really understand what's going on in it. Uh, and that will Optimize your your trading strategy Okay. Oh, I was going to talk about another divergence in here, right and uh, uh, actually it's um Let's see if we can get it here. Uh, for example, tom b Uh, he looks at stops divergence Okay, so he he'll be starting up in a few minutes. So you might want to go over to that room He's a volume profile trader, uh using order flow All right, so stop divergence. What do I mean by that? Okay? Well, we can see stop runs with the mbo bundle in book map From the cm it's only works on cme group instruments and you have to have rhythmic data But we're looking for like a big stop run then a retest of an area and maybe no stops Okay, so, uh Yeah, we're not getting it here, but um, you can the the concept is very very simple. Uh It's it's different than cvd You're looking for a big stop run and then you're looking to see what happens at the other end on a retest here So if people get stopped out and let's say you see No stops. There's no more stops up here and at retest You know, there's no fuel for it to go higher is the concept Look for the sellers to come in on the other side Now what it there's all sorts of different ways of looking at let's suppose you get a stop run to the upside Uh, it's actually doing it here. Here's our stop run. Here's the retest here No stops here. It is right here Okay, here's our big stop run. It's actually right here Okay, it actually went lower and we just had just a trickle of stops in here There it is right there. Look at the divergence here and then this here kind of flat lining Uh, and then this went down further Wait for the buyers to come in on the other side and they'll press it Okay, so that's what actually happened here. Uh, it didn't trade into our 60 level But we see a stop kind of a stop divergence in here Again guys, I mean it it sounds really complex and complicated It's not it's just understanding the behavior Of players in the auction. You don't have to think of it more than that Don't think of it as some sort of math equation here. That's all complex with you know, all these different Symbols in there. It's not like that Is it's an auction and understand the behavior of the traders within the auction. That's the contextual part in here And that is a lot easier to understand than looking at well It did this it did that and this line went that way and this line other line went the other way Now just understand the behavior of the traders Uh, it'll it'll ease your mind And you and you'll understand like okay Well, if if there was a lack of stop stops here a lack of stops Look for the buyers to come in and then look for them to trade to the other sellers on the other side up here And you'll probably see a stop run on the other side Okay, because those that got in here and didn't get stopped out here They're gonna get stopped out up here. That's what's gonna happen Okay, yeah, you're not a fan either beef of level two or candlesticks You know, I don't mind like visualizing the the candlesticks I actually kind of like I think it's pretty cool to be able to see the candlestick in here Uh, and then understand did that candlestick pattern work or not and why? Because here's what's in it. This is what's in the candlestick. So there's your context All right, look at this bid now Hey, we have a bid All right. Now what we're looking for in this context is we got to get buyers up here around 60 And we're not right now We're not and I want to see this bid. We got the bid. That's good. Are do they stay up higher? Do they stay in the order book do sellers hit into the bid? But these guys absorb as much as they can If that context unfolds We know that the bid is strong. We look for more buyers here at 60 Then we're looking for 62 And then maybe at the top of the candle back up here 64 Hey, but 62 would be what I'm looking at because of the liquidity here All right, so again, it will confirm the candlestick pattern that you're looking at All right, uh, let's see here a few more questions and then I've got to go. It's tom b's turn Uh, can you confirm the euro dollar pulse? No, I mean if if people are buying the euro They're selling the dollar or you know, the dollar is weaker With a weak dollar, uh, that means that it's easier to, uh, uh, borrow money, especially for emerging markets So it you should see growth in the stock market Is kind of the concept Yeah All right guys, I got to go tom b is next. Uh, you want want to check that out? Right after that or during that actually frank, uh, morera from spanglish trades. It's in spanish And then options with dug right after that and then algo boys So we got a whole lineup here for the rest of the day. Enjoy everybody hit the like button Really appreciate that. Uh, and we will catch up with you guys monday is off. So Because of the holidays we'll catch up with you guys on On tuesday, okay, uh, and I see a few more questions here. I can answer. Um in Uh in discord guys. All right. Thanks again. Uh, we'll uh, see you On tuesday then have a great weekend holiday weekend. Bye. Bye