 All right, good morning traders and welcome to the live trading webinar This is Bruce at bookmap and we're gonna go through live market analysis That's what you do every Tuesday Monday Tuesday and Friday and we're gonna and we had live trading Yesterday with Scott Balsini futures trader and then Wednesday with Jay trader stocks trader This is our our schedule of live webinars that we have daily here during the weekdays Need to go through the disclosures and let's jump right into the live analysis here and take a look at S&P or any market that you guys want to take a look at this is Most people want to look at the S&P. We can look at crypto. We can look at stocks So 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 Wrists disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump right in Let's take a look at the order flow here in book map. I do want to spend some time on the higher time frame and Also, just get a quick sound check in here. Can everybody hear me and see my screen correctly? Good morning everybody All right Good to go. Excellent. All right, so we got we got this going in discord as well as as YouTube So, you know, we'll be moving over just to discord. I mean just to YouTube, but all right Anyway, let's get going here. All right, so you can see the cash open here and quick move to the downside and One leg two leg third leg now notice the third leg down here. Okay, it's Let's just go through. I mean we're talking we're just talking about market structure here And maybe we'll kind of spend a lot of time in this webinar talking about market structure. It is just so important Here's leg one. Here's leg two And here's here's the break here in leg three. I mean, you know, not much, right? So not much. We kind of assume a steeper pullback So, you know back to VWAP here, not a bad idea right back into areas where You know, there was previous market activity In in this area here is a really good one in here. This is a high volume node here All right, so back to where it can trade. That's the concept here, you know, it's high volume node low volume node, whatever Where it can transact That's the key here and this is it VWAP whatever like yeah Doesn't matter. It's it's about the auction and the condition of the auction. What do traders think about the market? And where can it transact in this auction and they were seen kind of it revert back into an area where There was previously a lot of transactions. Okay, so by understanding market structure Okay, these lower lows were less. Okay, we can also look at and this is where book map is really handy High liquidity High liquidity getting filled high liquidity getting filled getting filled getting filled. This is gonna be a big stop run It's not as big as I thought and also, you know getting filled into these areas here So someone's on the other side and they're absorbing or they're staying in the book and they're getting filled Okay, also here and they're getting filled in here All right, so we're starting to note where They're starting to kind of absorb the selling pressure of the aggressors And this is what's making this structure and we're putting all these pieces together. This is what makes the structure Okay, so when you start to look in and talk about like Head and shoulders patterns and how to trade them Well, you know, who cares when it comes down to it Like it's really this activity that makes the structure And this is what we're gonna get insight from in book map You might get this structure and you don't see absorption down here. Well, then there's higher probability that this is not It's gonna continue on another leg That's where you get the insight. Okay, so and that's where like We're this is it's just so objective This is telling you the truth of the market whereas if you don't have this and we're in all of us You know are looking at things like this. We're looking at Just candlesticks some sort of bar data and and and maybe some indicators And you're trying to understand absorption with this You know, it's just not showing you much. It's it's all a derivative here Price the price action the volume. It's all hidden in here We're kind of it's not a lot of transparency here. Okay. Yeah, I mean you can go candlestick theory or you know Reading the wicks and understanding rejection, etc Yeah, but let's just let's define what rejection is let's define what Absorption is and really understand the details. This will make your candlestick pattern Much much higher probability that that there will be followed through or a break of it all right, so Here we are back to VWAP back to this that that high volume node and testing a little bit above it as well All right. So anyway, let's take a look at higher time frame structure And let's put on our best bid and offer. Let's take our candles off. We might come back and revisit candles Today, but I want to I want to start off more with structure here And really jump in here Goon 05 Thank you. Welcome. And you want to look at and this is a really good thing to look at The Accumulation over the last three days. I don't know if I can show that In in here. I don't have that much data in NQ, but I'll tell you like we've seen this so many times over the years you just see massive absorption on the way down and Or you know, larger players getting filled all the way down In multiple days or you know, a lot of times like the Order-flow session kind of makes a fool of you. You're you look at and go God It's got a balance, right? It they've been absorbing here forever and it's got a balance We're looking for the balance and it doesn't Look for another if it's multi-day that you might get a multi-day move to the upside Okay, so let's that's a good kind of segue into looking at a multi-day move here You know, we were reading like these kinds of rejection wicks in here on the daily chart here on the left And understanding that there's a lot of absorption. There was a lot of people getting filled in here And and in here as well, you can see it This is that, you know, this was the options expiration and the and the squeeze higher here and we were looking for that there was no reason to think otherwise as You know, people are everyone thinking that the world's gonna end here or you know, everything's bearish And we get this beautiful squeeze, right? So, you know being able to understand these on multi-day And you'll see it in book map like, you know on on, you know daily, you'll see it But it can be really Really really powerful to to look for swing trades using order flow in book map. It's a beautiful thing So and and we we I think we created a video like we saw it one day where it's just like, oh my god There was like, I don't know, 35 or 7,000 icebergs that were filled in the ES It was just unbelievable And you know, I'd never seen anything like it and that led to The rest of the week it was, you know, streaming higher screaming higher basically Okay, something like this move in here on the daily So when you start to see and understand those events Then it's really really powerful move. So look for it. That could be your trading strategy. In fact, if you if you don't have a lot of time Okay, and just look for like, you know higher timeframe order flow absorption multi multiple levels multi days and and and then look for You know Once the order flow starts to shift and change in the reversal It can be very very nice swing trade opportunity. All right, so let's take a look here now at the Hourly in here a lot of chop in these areas. We saw the gap fill I think yesterday and And then here we are right back down after the gap fill here Yeah on the daily chart just on structure, let's just take a step back here even on the daily here Okay, so This was kind of an odd move. I thought here on the daily. We I was looking for maybe a small, you know Move above here hits hit a lot of stops it closed up here on the daily And I was like, where's this going? I get you know, maybe this are you going for this swing up here? Maybe I guess it was maybe a high volume node in here on the on the daily That it would kind of reach to and it just couldn't couldn't make it any further So Anyway a pop up above this range and then you can see that it rejected and we're back down above or back down below here It trades to down to this swing here and this candle here back back up above to this kind of area up here That's where originally we're looking at and then we see the fade. Okay now Where did it go? Well look down in this area here where it broke out from in the market structure And that we're seeing wicks down here. So, you know to see that maybe some short covering As well as buyers may be buying down here We see the move back up. So again market structure is just really really essential to understand and We look at our higher time frame levels and then we look at the order flow around those levels for You know optimizing our trading activity Let's take a look here on with maybe a month back on the hourly Yeah, and we're going to see if this been pretty choppy in here the last few days as you can see but we did fill the gap hey from from early in the week and There it is. Alright, so what about today? Where are we going today? Well market structure this we can take a look at the 15 minute chart here And maybe we'll drill down also to a five minute But yeah filled the gap right back down No bounce off of this area here or very little bouncing off of this area kind of You can see the gap in here as well a gap down back into this area But look look at the structure in here. Okay strong move out yesterday Consolidation strong move consolidation strong move We didn't even get a bounce in here So it went all the way back down to this one. So a deeper pull back And it gives us some insight to well, you know, we're not as bullish Right if this is just because this is a strong move yesterday as you guys can see but a pretty deep pullback and And we're not seeing strong buyers at this point right now if this is a strong move and it's strong buying Well, we should get a bounce off of this area here Around 44 89 or so instead this was the gap All right, so let's see. I mean, you can see right now currently. Let's look at the day And let me maybe look at a five minute chart here at this point Yeah, so we're looking at the day here's that area, you know the strong move pull back strong move pull back strong move Here's the gap and bouncing off of this area right now and Yeah, but I'm not really seeing a lot of strong buying in here at the moment I mean, they're they're buying but I'd be looking for them to kind of trade back up into this area here and maybe fill the gap as well All right, so But you can see we're not really finding that at the moment here Okay, instead it was a strong move after or at the close here and then overnight and Or I'm sorry this morning So maybe this is as far as we get and then we see more sellers down here if we get more sellers down here I'd be looking for the break Okay, because this is already been a pretty strong pullback And let's see if we can get the break back down into these areas here on the higher time frame Okay, so this would be the first area here probably around 4460 and then maybe somewhere around here around 44 48 or something like that. All right. Anyway our higher time frame analysis understanding market structure All right, and we're talking about market structure in you know, the price action making up that market structure All right Let's see here. Let me get to some questions here Wanted to just go through that analysis pretty quickly for you guys and then we can get to our questions here. All right I'm gonna go Let's see what fee do you use rhythmic I use rhythmic they DX feed for Futures as well as rhythmic they they show full depth of market, which is great They you know, all of these levels are live even if I zoom vertically here These are all live. You can even see it up here at 4550 at 930 this player came in here and then You know added that liquidity they're still up here Okay, also this player down here 4425 okay now this this kind of activity you see in stocks all the time Like we can jump over to a stock and look at look at 930 here like on Apple and Just look at these levels. It's just incredible 930 and Larger players parking their orders in certain areas Okay, this really can outline your day if you're like a fib trader or a floor trader pivots Whatever it is you're looking at like you can outline your day and look for these levels to align Or these areas of high liquidity to align with your levels and projections. Okay All right So that's the advantage for those data feeds but rhythmic offers the market by order Which allows you to see stops and iceberg transactions. All right, you want to look at bitcoin sure We can take a quick look at bitcoin And since he was going on I don't have a whole lot of data since from 6 a.m. Here And the the product I'm looking at here is five different exchanges within book map. This is our multibook data So you can see it up here bitcoin usd spot market mb stands for multibook and then then bmd is book map data That we're the data provider actually Up here in the top left-hand corner. It's We're looking at five different exchanges within one instrument Okay, and the liquidity of all those five different exchanges as well as transactions and best bid and offer So between bit stamp Or combination of bit stamp bitfinex coinbase pro ftx and kraken Okay, all within one instrument here gives you a much more objective outlook Of the players in the market with five different exchanges Yeah, you can see that Comes down into this high liquidity here just shy of it around 42 700 And pretty strong move out of this area here Okay, the figure right here doesn't seem to really be babbling an eye much I mean you see some high liquidity filled in here at 43 thousand, but You know does not really showing us too much Usually we see a lot more activity around those levels instead of like 42 700 but Anyway, um We see the move back up again market structure. We can look at it here. Let's dim the heat map for a minute Market structure. This is where it kind of dropped from up in here And we just went up and tested that area. This is strong. This is strong move strong volume here So I'm looking for another retest up here by buyers. We're looking for a pullback It is this is a low volume node pullback or a low volume pullback, uh, and Yeah, you know, this is where we look at areas to pull back to like an area of consolidation Or where it began from and we start to match that with the heat map So maybe we can get a little stop run below this area and then a boost back up into 43 500 One of the things in crypto that um I've noticed in the order flow, uh, love to get your guys feedback on this but You see the um Strong consistent buying here. This is good This this means that you know traders are engaged in this and moving the market Now they need to get back up above the swing up here Around this 400 level and we need to see pretty strong volume. A lot of times what you see in in, um Uh, what I've seen at least in the crypto markets is you see these strong initial moves like this But you don't get that up here Okay, so this this looks more Let's put it this way the order flow within here looks higher probability for a bull flag Pattern strong move consolidation taking a break strong move followed by another strong move to the upside A lot of times what you'll see is strong initial strong move here and then it just really kind of tapers off Uh, you might even see selling, you know up in these areas up here. Okay, but not a strong buying All right, so when when you see that in in the order flow, this is where crypto can just be um Very challenging. Uh, you you know, you you're not looking for a continuation You're looking for a move back down to test where it broke out from down here More of kind of like mean reversion type of tactics Uh, it gets you all excited in here. You see like, oh, they're buying they're buying They're buying uh, and then they really kind of fade up here and there's no follow through and then you get the move right back down Okay, so uh, this looks better. It's a strong move and there's strong consistent buying all the way through therefore, uh, the primary scenario here and that's not a trade recommendation Uh, but the primary scenario is this okay, and we'll come back and revisit it Uh, we're looking for strong move followed by Another we got consolidation and then we're looking for our bull flag strong move up into maybe This looks like a good area. There's liquidity up here already. It's a big figure at 44,000 all right Uh, does this work for options as well? Um Yeah, tad you can get options data in here. I've seen traders do it. Um, however It's best to use it as the underline Not the actual options. It's there's very thin data So, um, it doesn't really, uh Tell you too much okay All right, sorry guys over in uh in discord like, uh I've I've been missing the The discussion here. So hold on a second. Sorry about this Yes, sorry. Sorry, Alec. Um 44, uh, okay, let's let's jump back to the s and p 70 is uh, uh, yeah Yeah, well, we see you have a spot gamma level volume trigger level here as well uh, and um Okay, yeah, uh, also, uh, yeah, you've got it marked up. Um Snuffle platypus, uh Good morning, David Candles are for retail Yeah, I mean, I don't I like candles. I just think that, you know, um You just seem so much more here like you're not getting the full picture Uh, and you're and you're just kind of shoot shooting at it like from a distance and just like, you know, trying, um The order flow makes all this stuff up It it it comprises the the candlestick patterns it comprises You know bowl and bear flags or whatever it comprises volume profile And then you get this kind of derivative even in volume profile this derivative of oh, it's a high volume No, oh, it's a low volume node And this is how you start to understand profiles But what does it mean though and the meaning of a low volume node is Rejection like here's where it cut through at the cache open here very very quickly to the downside So it's retesting back up into that area here Low volume node. There's not a lot of trading up here And when we were looking for this move back up to, um Uh, just to vwap here and your vwap traders We were looking for the move back up because of this market structure analysis okay, um so And and we know that the market can trade up here Because there are transactions up here high volume node So, you know, this is going back to an area where people can transact Uh, and that's what we're looking for here There's not a lot of transactions up here And it cut through it very quickly There's there's heavy volume on the sell side here, but it's only for this little area of time And we come up here and we reject and come back down and trade again down to the low here where it can transact Okay, I'm kind of surprised we didn't get a little bit of a bounce in here Because this is kind of a high volume node again and and sellers kind of cut through it And not on a lot of selling either. So that's kind of curious in here to see that Uh, now we're getting more of buyers come back in also take a look here structurally We're making higher highs it rejected true, but we're making a higher low here and there's volume Uh, uh, there's liquidity here and there's buyers in here Great. Okay. Well, let's come revisit the high then that's what we're looking for primary scenario here We're seeing the the buyers already come in looking for them to trade up to 45 85 Uh, and maybe even 90. Okay at this point Okay, makes sense Okay, because uh of what we uh Uh what we see here uh in in these transactions Okay, so we're looking for a primary scenario is the move back up to the high again All right, and the volume is looking pretty good so far. Okay, look at the green dots pulling this market higher all right Sorry guys, I feel like I kind of neglected you there in uh in discord. Um Uh, I was on a rant though and I wanted to get through some of the analysis Yeah, alec the the data in toss is uh dx feed. Um, which is great. It will show you the um book map in toss, uh, but The one thing you won't get is the uh Market by order data Which is kind of a pity, but uh, you'll you'll need to get rhythmic and therefore you'll have to get the book Mat desktop version for that Oh, you're talking more about Yeah, okay, never mind. You're talking more about, uh settings on um Vwap here. Yeah the vwap. Yeah, but It re I have it reset here. You can see the reset that was up here and then it reset at 9 30 Okay, cash open. I know you're not supposed to do that Uh, but uh, I don't have data for the entire session And I I do this on on Just because I mean there's so much, um trading uh in the, um cash session that it usually kind of Uh, you know wins the battle, uh, you know over over a bit of time like an hour or hour and a half But uh, at least I can show you the same Vwap if you reset yours also at 9 30. It should look equal Okay, otherwise everyone's vwap is going to be different because I started my session Um at a different time than maybe you did Okay, I like uh youtubers and crypto. Um Live with a trial of version book map. Okay. Yep You're answering questions in there. Thank you Uh Trapedity Okay, David. Yeah, you've tried it with with options and it was very thin. Yeah. Yeah, exactly it's uh It's kind of hard to you know, uh, glean a lot of information out of that. All right. All right. I think I'm caught up Um, at least I'm caught up in discord. There's more questions here on youtube. Um Oh god, I mean it comes down to goon goon. Oh five. I really like your comments in here. Um about uh Yeah, when it comes to market makers and hft providers, um They studied human behavior for ages. I mean like they're just it's like a boa constrictor Like just just keeps tightening and tightening and tighten their experts Totally efficient uh experts on uh knowing human behavior. Heck, I you know, I think even even some uh institutions and hedge funds like, uh Are studying like, you know Black ops like uh psychology and and and things like this to to Use in trading. I mean I've read articles on on on that. It was a few years ago So yeah when it comes to money, um people will do anything basically So, uh, but we can read the order flow here And that's we can read the activity and and the assessment of Traders how they feel about these markets And that that's inescapable Okay, the footprints or you know, their tracks in the sand Um Are inescapable Indian market will be available pretty soon. Okay, we're launching a campaign. It's pretty soon about that. It's gonna be um pretty nice Stocks and uh futures Okay, that's all I can say about that Yeah, in the money strikes works best with more volume david. Yeah, and especially uh, like just You know, if you're gonna be looking at, uh Apple for example like or nvidia or tesla like yeah, you'll you'll probably get You know some you can probably glean some good information Or some information for sure on on some of those options, but each strike is a new symbol, you know, so Yeah, it makes makes sense Oh jeff. Okay. So you just upgraded to the latest version. Um Where do you get the liquidity change liquidity marker? Um Yeah, uh, let me show you that. Um Yeah, no, well, I I hear you you want to get back to talking about what's happening right now Well, I mean it's still working its way up into 85 right now. That was the primary scenario and there's nothing to Uh look at differently here So in in fact it's starting to kind of slow down, but it's still building here. Um, this is It's you know all markets, uh s and p is notorious like it looks like a cup and handle It looks like it wants to break out. I mean beautiful cup and handle, right? Uh, look it should break out Okay, now cup and handle I don't care about like I say what matters here though is the order flow Okay, so what this means is in the cup and handle pattern is We're building up here and we're building buyers up here It came up. It kind of slowed down, but they're still building Uh, uh, we're building transactions up here. We're looking for a breakout And so this is the the cup part. Here's the pullback and here's the handle part Uh, but the order flow within it. Yeah, this looks good. Uh, we're already up at 85 This was our primary scenario and we then we said 90 maybe you can get to 92 Well, let's read the order flow. Okay. Well, yeah, I'm still We're got it. We got to go with 90 here. Um, that's the the primary scenario uh s and p and You know mean reversion or just um pullbacks a lot of times We'll see see these kinds of shakeout moves move back down into liquidity here at 44 80 And then move right back up and then the follow through and the move to the upside So that would be the secondary scenario here. I can see which one is playing out the the primary scenario All right, but that happens a lot We'll see it kind of struggle struggle up here See sellers in here and then they they are they are able to run some stops Uh, but down below some of these swings and you'll see this v bottom It'll come down like this and then come right back up. Let me let me get my pen tool in here Yeah, so it would be uh like, um Trying to trying to break out trying to break out getting some you know some uh some buyers up in here And then we get uh quick sell off like this and then the quick move back up All right, so that happens a lot That was our secondary scenario and why we um covered it as a secondary scenario What what um I'll pose the question. Uh, so what do you what do you guys think like why would That secondary scenario like uh, why would we Um What was the main driver for coming up with that secondary scenario here based based on what we're viewing in in here Okay, and why there was probability for that secondary scenario What do you guys what do you guys think? V web buyers and and to trap No, I mean based on the order flow It has it's about the order book Yeah, what's what's what is the order book kind of showing us in in in this area and actually it's it's it's better in Um in this area over here Okay, much better by volume, but it it's um, yeah Well, well, basically there's liquidity um down here, but see how it's dark in here So they they started to add into the book here Um, and and this this does look better. This is what we look for a skew in the order book You know like we spent um, I forget which webinar. I think it was on monday, uh, or tuesday, uh, and we spent um, we went through the um Activity of turning off volume and just looking at order book and price action Uh, and we look for that kind of heavy skew And then pulling you know like on the bid here and there is some in here, but up to this point here There is none so sellers in here can take it right down very very quickly So when you see these dark areas in here like there's it can lead to some volatility So here's here's our pullback right right before hitting 90. Well, we still haven't quite hit 90 yet, but that's what we're still looking for here um, but uh, uh, here here's kind of the idea like here's the pullback To an area of liquidity uh here now they they did pull that liquidity, but look at there right back in So yeah, let's just take the volume off for a minute and to make the point Okay, just looking at making decisions Based off of the heat map or liquidity, you know supply and demand and price action Context what is what is price action in here? Think of this liquidity And you can see they trade it into it and through it all through here But you see the dark areas in here and sellers could have taken it down pretty quickly Uh, then we we have the nice little skew in the order book here That helped, but what did we find like we we got the skew Um kind of coming down at these these levels down here, but what did we find? Um, what was the reaction uh to it? Yeah buyers aggressive buyers exactly alex So then we turn the volume dots on and then let's take a look at it Okay, so here, uh They came in here and we see the let's just take a look at this and you know Like who's kind of leading here or not? Well, we started to find some buyers in here first actually They started to trade to the top of the range here Uh, and then in here then they started to just as it getting to the top of the range now We see more liquidity starting to come in Okay, they came in here very aggressive here and the sellers did take them on they traded into them So we get we get you know, we glean information also from that Oh, okay. Well, there are some sellers in here Uh, and the buyers took the other side of the trade. They got filled Uh, but um, we start to understand that context again All right, and then uh, yeah, so kind of inches higher here Uh looking good in here more more buyers looking for you know, 88 is the next level Uh, and then our yeah 89 50 and then 90 Okay, high liquidity here looks like buyers are going to take them on Now again, this gets the kind of like the I don't know part. Um, we don't know what's going to happen in unfold and uh But we can get context here. What does the market feel? About this liquidity in here There's still is still trading up here All right. Well, so now do if we get sellers here, we're likely to come right back down to 85 50 and 85 here If we get buyers back up here Likely we're going to trade into this It's just more likely Okay, so at first you can see what happened kind of in here We can read the auction information in here to get in to get insight Uh, what what the market feels about this liquidity up here? Okay, so we got back up here We didn't get buyers up here and we didn't we didn't we certainly didn't get back to 87 50 here Okay, so we're reading this auction in here Yeah, yeah, it can it can hold hold it down as well the This area for sure. I mean you can see they kind of they kind of won the battle basically by showing high liquidity in here typically typically if if price accepts up in here, um And you start to see this kind of auction up up here This is where we're looking for a follow-through and to test up into 88 in a quarter Uh, we didn't get the follow-through look at the exhaustion This is where we want to understand retests in context of retests in here. This is a double top And now I know this is micro micro structural Uh, but we can really understand and get a lot is the same stuff Like it's transacting up here. Okay, great. It's auctioning off up here Well, then we should be able to come back up here and get more we should be able to find some more buyers up here And if we do Then they should be able to maybe push it a little bit higher and trade up a tick or two or maybe up into 88 in a quarter But we got a retest back up here and there's no one buying here No one Okay, look where the sellers start to come in And down here too now not much and they can still go back up here Okay up now now we're not having buyers here We can't even make a higher high or equal high and we're getting sellers down here And now we're starting to break into a new low But no nothing's traded down here yet and we're looking for it though and there it is now that now we've moved lower Okay, now do we get sellers in here not quite not quite not quite Looking for them looking for them. Okay, we're buyers, but we're kind of just at 86 and a half And this is your high volume node For this little micro range Now we're getting our sellers. Okay, they should be able to drop it They should be able to move price at that point And we're looking for it in here too based off of this kind of retest up here Okay, and we see the selling down here This is really no different like you want to trade at this this time frame and this price low or you know These levels in scalp This is no different than we zooming out And looking at this Area here same idea same concept in order flow Okay, lots of transactions down here retest slightly higher low Okay, uh, well first off it even broke structure here And we found buyers up here. We come back and retest all the way back down here And we don't see as many sellers as we did over here And we find buyers back up here Right finding the buyers back on this side is the the reciprocal of what we just covered in that micro structure And we get a nice move. That's why the primary scenario is back up to 85 Okay, and then 90 if they can break it And we look we're still kind of waiting and watching for 90 here Uh looking at our cup and handle and blah blah Um, and it just it hasn't quite gotten to 90 yet Okay, or maybe it did it. Let's just take a quick look It looks like a best offer went up there into 90, but no transactions. That's what I'm showing Okay, a volume column here No transactions It was blah blah technical term Um, yeah, yeah Well, I try to you know, I I appreciate the humor always appreciate the humor. Um I try to go through as many instances Is we you know, we only have a an hour to an hour and a half in here So we don't have time to really dig into like, uh Unless we want to focus on just one thing um to really dig into like in and um You know thoroughly explain something through So we're just trying to go through as many examples as we can Uh and learn order flow that way And apply it to your trading activity um, or your your own setups and and how to You know really, uh Integrate order flow within it. So I kind of you know Blur through some of these so anyway Okay, all right. I like you want to negotiate some of the uh hours with uh with my boss Um Anyway, guys, let's let let's zoom in here again and take a look at the um the order flow in here and we can look at the You know, um a small small levels in here. Uh, we can also take a look at candles. I mentioned that earlier. Um Well, as I say that candle trader, how do you look at the um, uh the nq and book map? Okay. Yeah, let's take a look It looks like this. Uh, you know, we're making um Lower lows lower highs in here. Uh, so we might not make it to the 90 level that we're looking for but This is where like, uh, you know, we can look at some other things in here Like the majority of the trading in this little area of the auction. What's going on in here? Okay, we have stops and we have icebergs, but let's look at cumulative volume delta too Okay, well in this area here We can use this tool And get it right within our our area here. Okay. There we go Uh, what's our cumulative volume delta tell us in here? Yeah, there's there's more buying in here. Yeah, there's more buying, but they're failing to make a higher high Right So there's some divergence in there between price action and cumulative volume delta In this case, this is negative divergence price action is not, um Usually you'll see the the positive divergence in here like, uh Anyway, I won't get into it. But like, uh, uh, we're seeing a divergence in here Like, uh, we're seeing more buyers over this range in here But buyers are failing to bring it higher All right, so if we in that's where this can be really insightful If we start to get sellers down here, we got the buyers kind of trapped up here Okay, so, uh, again understanding that the price action and the order flow here though And this is where it it's crucial to understand the the kind of right edge here Sellers here sellers here overall buyers But failing to make even higher highs This is where sellers can tear it down and reach back down to the liquidity down here And that would be the in in this range here. That would be the primary scenario In less all of a sudden we get tons of buyers on the other side here Probably around this area, you know after these guys would be trapped And if we can get buyers around here then we're looking for a top of the range And then maybe follow through not to just 90 but even higher maybe we can get to 4500 Okay, so two different scenarios there to go through by understanding the hard right edge And let's take a look and see what unfolded here. Okay, so we kind of left off here, uh, I think And uh, yeah, so sellers are taking it lower. So now we're we're looking for You know sellers to take it maybe down into 80 here Okay, now let's look at the you know current price action here. Did we get a lot of sellers down here? Not really Not really Okay, so we can go back to that same previous scenario. What if we get our buyers up here? And we are Okay, I don't like that. It's dark in here. We want to see them bid up. Otherwise, we'll just get a pull back to here likely more likely Okay, and then let's see if we we get a retest back up here There they are. Okay, so buyers got this now. We can get the move to 90 All right. So there's our kind of understanding and and this is kind of a you know a false breakdown here Back to the top of the range Okay, that was our first area to look for top of the range Okay, we've gotten there And now we're looking for 90 and and even even higher 4500 up here, maybe Okay, volume looks good in here by volume looks good. Okay now that that That negative divergence. Well, I mean we're seeing buyers here. So This is what matters now And this is this is kind of an important thing to understand in order flow. I think in general that You know, you can look at your volume profiles You can look at your your candles or your, you know, your patterns and and also your indicators or whatever But what matters is this happening now Even Stadelmeyer talks about that With his volume strips And like this this was what rules right now Okay, whereas like yeah, all of this in here is not as important Because this is what can move the market And get these guys off sides Okay, so this is so far. This has been a low volume pullback here Okay, we can see strong volume in here Not strong selling in here strong by volume here All right, so let's see if we can get Buyers back up here again. Maybe around 86 And here's our pullback and and look at our our pullback has come back that now We're starting to see more more sell volume now. It's not really a now. It's not a low volume pullback I was hoping we can get back up above these guys and and then get the continuation here But it's even pulled is even gone through this area here. So now we're we're back to Our secondary scenario here We did get to the top of the range. We didn't get follow through though Okay, now we've got sellers in here and we're back down into 80 basically Okay, lots of selling here Okay, look at the selling pickup Okay, here's our pullback Okay, now this would be a low volume pullback. We would first scenario is we look for a pullback in continuation Okay, if especially if this has to kind of meet like a criteria of point movement in here It's only a few points Whereas we can you can kind of go either way two to three points in the s&p is Basically around three points. We don't really it can go either way when you start to get those strong moves though where You get a four or five points in the s&p and strong and consistent volume That's when they're we're looking for a move away from an area and low volume pullbacks Now you can see how choppy and wicked this is kind of under over right in here at 83 Sellers buyers above it Okay, these guys are on the squeeze here. This is a false breakdown Back up into the mean Back up to these guys here where they initially sold now. Let's I'm looking we're back to another scenario here In the order flow here. Let's see if we can get buyers in control here Right in here 85 and a half Yeah, I don't like it. I mean I'm looking for it and it's starting to follow through But I want to see the bid I wanted to see more on the bid here I don't like it being like we covered earlier that is Sellers can easily take it down here Um, we see they didn't and the buyers did come in Okay And nice move nice move 90 Okay, even this move here strong volume, but look at the volume is buying and selling in here So, um Oh, there we go. There's some nice buying Okay strong buying continuation Let's see Let's see if we can get to 4500 here. Okay, that that would be the primary scenario Let's see how many price how many points have we moved almost for From 44 90 on up It's about four points right now. It's three and a half or so Okay, so primary scenario would be Um going higher here And that's the kind of stronger move and stronger volume see look at the flip of the book here as well On the offer they pulled they're on the bid instead and we're getting buyers Okay, just just about at 4500 here you know in here like Looking for you know somewhere around 90 in here, but it at this point We just didn't didn't really like the that they were selling in here We're looking for the buyers to tear it away from that area once we started to see this though It looked really good. Okay, and then we're looking for the continuation. That was tricky um We're looking for the breakout here. We're looking for a pullback and then a continuation All it did was test the top of the range here and then we got a false breakdown here And then we got buyers back up above this area here Okay, but we read it. I mean we talked about it And looked for this kind of phenomenon to to to happen in here now, you know to to integrate this into your trading plan is is um In quantify it is going to be it's going to be more tricky for sure Or trickier I mean we we've covered it many times over when you start to see did we get that consistent selling in here that we'd look for Not really. We just have one big dot here and then it just kind of trickles on down and then we see the selling Hey, this is where you can look for that um Trap trap volume And we're going to see stop runs. We're going to see a stop run here. I'm sure Let's turn it on Yeah, we see a stop run there We see a stop run here as well on the way down and it's from these guys that went long in here Right. Here's another under over in fact Okay Kind of here and then here All right, so uh Yeah, anyway, the buyers did come back in and uh and then continuation and then they got through these areas back up into 90 I still didn't just didn't look that great in here. This is not what we're looking for There's a lot of selling here. We want to see strong consistent buying and then the breakout though Then that we're looking for our move higher, right? So, sorry, let me take a look at back at the questions here. Um Uh, no, I mean book map is uh d is talking about um Uh, about a more is it more effective on futures? Um compared to equities. Um, No, not at all. I mean like uh, we cover the s and p because most people want to look at it. Uh, the Let's take let's let's jump over to a stock. Uh, let's look at tesla Okay, now this phenomena here is no different Buyers, okay, let's get to let's get up here. Look where it dropped from up here There's a little bit of a high volume node in here It's got to kind of get a get through here, but this looks awesome to come up to Uh, 1040 here Beautiful beautiful move. I mean beautiful stuff. This is no different than what we're just talking about Okay, and that that's the primary scenario here Okay in the order flow Okay, also look at the under over in here same ideas Okay, so look at the selling down here Okay, now the the the buying was not quite yeah, I mean you see it in here see the buying coming in here Hey, but it's really up in here where you see the buying coming in Hey back up above the swing here, so they're gonna move it All right, so there's not a trade recommendation. Um, but this is a primary scenario Okay, some strong buying up here. So let's let's see them explore higher 1040 would be the First area and then we can get to maybe maybe even up here. Maybe heck, you know, we'll see This is a pretty strong move here So, I mean it could come up into 1050 1052 That'll have to kind of unfold over time Uh, I don't have amazon up Right now. Let me add it and maybe we can come back and take a look Oh, yeah, you can use it on the indices as well. Um, miguel Uh, I do have spy. Just note that, you know, these instruments are used in different ways I don't have spy And they're heavily hedged and arbitraged So due to that the order flow is very different. Uh, and um, The uh You'll see kind of this, uh, very it's like rollover period during futures It's a little harder to, um, read However, we've got, uh, you know, options guys like dug dug plus and others They look at the correlations with s and p and sp y And look at higher time frame, uh, liquidity and also the cues And match those up in the indexes. Yep And and there's they can be great great, um Areas to look for targets Uh, because you'll see like all, you know, very very close to best bid and offer You'll see all sorts of activity, but then there will be one area that kind of shows like very high liquidity In spy or the cues. Uh, and then, uh, yeah, that's what you're looking for Is the transaction up into that area Okay, you're looking for a deal here. Uh, no, uh, goon goon. Oh five. Like if you, um, um Refer to friend, uh, there's a refer friend referral, uh, area on book map. Um Here I can quickly show that, uh, should use that. Um Um, so, uh, we can go here, uh, and, uh, go to the book map portal Or yeah, okay. So go to the book map portal in here. Uh, and, uh, here's your bring a friend here Okay, so you'll get, um You each get, you know, a discount here, uh, yes, uh, Eugene typically, um Areas of large liquidity act like a magnet and and price is attracted to it um Because that's where the market can deal And a market needs liquidity in order to trade So, uh, just really simple concept Uh, and what we want to understand that's that's like, um, you know, you can see high liquidity is that market was attracted to it They did they did trade here and here and then down here They traded into this liquidity that kind of popped in here, but then we want to look at like the shorter term um high liquidity or You know reaction to what what does the market think about it? Like, you know Is does it repel it the high liquidity or is it attracted to it? And that's when we're looking at that s and p Um, uh for that Okay, so high liquidity came into the order book and like what did the market think about it? Um, and, uh, It was hanging out there and then finally some sellers came in and took it down Here we zoom into, um A tesla here, you know, you can see all sorts of kind of liquidity in here Look at here. We got our strong buying again up here. I'm looking We're looking for a breakout okay Okay back up to here 37 maybe 38 Hey, there's plenty of time to get in these two and you see them plenty of time Now you got to be you got to be kind of quick, but there's there's time It's not it didn't like leave the station without you just got to be watching these I mean trading is timing there. Here's our move 38. Boom beautiful Okay, and what about our this is the second leg now higher time frame? We're looking for 40, right? Hey, we're almost there still looking for it And we can maybe even get up into 45 here. There's 40 That would be the primary target Again, not a trade recommendation, but just it's it's how to how to use and read order flow here And we don't have any reason to get out of this at this point, you know It but I would I would the way I would manage it. I was definitely take some off here We've got a lot of liquidity that got filled up here So we're now we're starting to see reaction to that liquidity in here Right. We're finding some profit-taking some selling, you know, it's kind of taken away some of that buying pressure If this liquidity wasn't in there, well, we'd be looking for the next area of high liquidity up here If there's more buying pressure coming in here, they're going to be attracted to 43 And 45 Hey, here's where we get that insight as well. Here. They are in the book here. It's kind of repelling price All right, so let's see them come up to 41 and they see it break out into 43 Now that would be the assumption here, but you know, we're likely going to get some back and forth in here You can see there's a sweep of the order book in here. Okay, so nice one there We could come back and retest that area try to auction back in here We'd look for it though high liquidity on the offer starting to sign some sellers trade back down and retest some of these areas But primary scenario is Well, we're still finding buyers Looking for more money Looking for more buyers up here at 41 and and looking for another continuation here here. Here comes some sellers here's Okay, and what what was the reaction? buyers took them on And now did they get through it? No, not yet Did we get sellers down here? Not yet If we do it auction down here and there were sellers If we do we can pull down here Where these buyers came in Okay, so we're learning from the reaction to this liquidity up here at at 1040, which was primary our target All right, there's a lot of stuff Trapedity this is great to hear like, uh, yeah, you you're so cool how book map, uh, it's so cool how book map shows levels and and and you Let it chart you chart on normal charts Yeah, it's reaffirming exactly. I mean it's just showing you like well, this is where they're traders in here Uh, this is where there's supply. This is where there's demand. Yep. Oh, Alec. Yeah. Yeah Hey well, yeah, uh, yeah, maybe uh, uh We can uh, uh do more with you That'd be great I mean you David others guys have been really active in the in the chat So, uh Yeah, I mean, uh, I could talk more about that at a later time But yeah, this is how it happens Exactly. I mean, you're totally helpful. You're engaging and helping others and Learning along the way yeah, trepidity like and and the um What we're talking about in here like I I know that it I kind of wonder why it's sometimes maybe there's some sort of disconnect here between what i'm covering in the order flow here uh, and um As you guys can see like I here here's that move into This area here 38 and then we talked about the potential move down here. This is why I love to take my profits up at these targets um, and um, and then I don't have to sweat this here And just kick myself Yeah, I kick myself if it if it comes back here and then it goes straight up to 45 But like I just take some off Uh, and then try to manage the rest And that's just a little bit better on my uh psyche, um All right back down to a high volume note in here on tesla. So Uh, strong move strong follow through. This was the target. We were looking for it Uh, and now let's see if we can maybe bounce off this and trade back up to where that these sellers just took it down here But I'm not seeing a lot of liquidity in here right now. So not not really sure what to make a tesla at the at the moment Yeah, I mean we're back into this trading area here. So you know either or In here and we need to see like One of the one of the things that we cover time and again in here is like starting to understand. Um, who's in control Uh in order flow And in this very small timeframe sellers took it down here So let me let me we're gonna go back to the s&p for a minute and we'll take a look at nasdaq as well. Um, but What's confusing in here and I I really implore you to take a look at our Um our educational course Okay, because I think a lot of times like We're accustomed to reading books with or you know seeing videos or whatever it is or other traders They're using candlesticks. They're using footprint charts. They're using volume profile. Uh, they're reading patterns and and trend lines, etc And and we're learning the setups about those things and how to trade them But we don't understand the market fundamentals And the market mechanics behind them So in our education what we try to do and it try to just like Take all of that other knowledge and put it aside for a moment and understand what makes the market move And build out from there So when we go through this exercise at looking at smaller, um Moves in here and what makes the market move in an auction Where is it auctioning? Uh understanding some of these things in here of market mechanics. It's pretty simple stuff Uh, this is not rocket science whatsoever, but this is We're getting insight from where the market is auctioning So we we can start to look for while they're building consensus in certain areas So like, you know here here like a okay. Well in this in this price action in here Look at this, uh, b-shaped profile Okay, I I think it's misleading here, uh, to be honest Uh, because the transaction is away over here And we have one here Okay, we also have one here Okay, but there's more buying up in here Okay, now the the what we're looking to see though is There's some buying up here if we can get back up here and we get more buying up here Like these guys will have to flip and get stopped out and we'd be looking for the move and to test into higher liquidity here Based on what we're reading in here, but mark your volume profile here tells you this is p-shaped or I'm sorry b-shaped You know, you're looking for it to break and trade back down into this liquidity here into, you know, o 4 You know o 3 whatever Okay, well, okay fair enough, but you know The these transactions took place over here. We're looking at the right edge now So if we get buyers up here, I'm looking for the move. I don't care if it I don't give a Two cents worth of like a It's a it's a b-shaped profile. Now if we get buyer sellers down here though Then I'm I'm looking at it and I'm looking for the break Okay, just really pretty simple stuff. See see how we're getting buyers up here Okay, and this is where we auctioned before more buyers. They even brought it higher great You should get up here Hey, right in the face in spite of our b-shaped profile Okay, now no follow through We're back we auction back down again Okay, where are the buyers now? I don't see them up here What's happening? It's selling or a lot of this is where it's building out the profile And this is what I'm what I'm doing is is we're reading this activity in here, but but applying of You know volume profile with it Hey, but what we really want to understand is that is where it's auctioning In these areas in here. What's the reaction to supply and demand? Okay, oh here. Okay. We got we got a little bit of a boost out of this more demand here A little bit of buying up here. All right. Is is it sustainable? Do we get more buyers up here? Pulling up here at 06 and a half And let's see. All right, no follow-through Seller is actually interested in it Okay, do we get sellers down here 04 and three quarters? And especially at 04 and a half we can get the break now that that b-shaped profile makes good sense It didn't get it. We got exhaustion here Do we get buyers back up here? A little bit Okay, let's see if we get them here if we get them here because we just exhausted out here We get them up here There we go Looking for it. I I know I can already see the tick there Um, yeah, now we're starting to auction up here now. We need to see Significant buying up here and we're not yet. There we go. Now that we're starting to see some so they should be able to pull it higher Okay And now it made it to to 06 and a half And then it then a new auction started up here And then we got sellers down here and they're able to draw it right back down into the bottom of the range Okay, we'd have to go through the process up here All right, so it's it's pretty simple stuff, but this can apply though to your volume profile Or it can apply to your you know, uh understanding range bound activity Okay, whatever it may be Uh, okay, we'll jump over to nq here. Um Nice nice volume starting to trade up here at the top of the range um Not a whole lot Pretty dark in here. Don't like it. Um You know if we see a reaction to you know increased demand here With you know more aggressive buying then then then it looks good for you know 12 and 13 here Otherwise if we can get if we see sellers here at 08 look for a move back down to 06 and maybe even 04 See see how that just kept us out of this and and this kind of back and forth in here Just by understanding the order book in here And just keep us out of this slop To look for something that looks looks stronger has more clarity to it. Here we go We're back up here and and high high demand up here, but sellers took them on What's the reaction now? Do we get more sellers down here? Yep Okay Sellers let's see if you can take it down to the bottom of the range We found sellers Okay, so maybe down to 05 here Okay dark in here. We don't want to see that but we're We found some sellers in here. We know that Okay, do we get sellers back down here? Does this start to auction down here again? Let's look for it If we do we have more likely Uh primary scenario would be to move back down into this liquidity here at 05 and and 04 and a half Here we go Okay, still dark in here But primary scenario is there we go see see the skew see the skew that came in there. Look at the reaction to it There's our move Okay, and we're just looking for that move Nice stop run stops all trickled trickled through here. Uh, we're back down to 03 and and three quarters Are there any questions on this? There's got to be let me know let me know what what's what you guys how you guys feel about this You know being able to read read this and and and then look for something that's More likely to unfold Okay, that was and I don't know what ibf is initial balance something. Oh initial balance failure Yeah, I I just did it Yeah, I don't know. I'm I guess I'm I'm I'm quite I'm not getting my point across Um This move here could have been initial balance failure true, but it's it doesn't matter Like and what is initial balance? Like You know, um We just we just need to know what's going on in here to look for that move Yeah, look at look at this player come in look at zoomed out higher time frame High liquidity high liquidity high liquidity one player doing that now buyers took them on here So There there they go. We found some buyers Okay, do we do we get back up above here though? Yeah failure. No, it's it. Yeah, and I know tom tom tom b looks at his his initial balances, etc um, but it's it's the concept though it Initial balance concept is no different than like what we were talking about the other day of understanding an area of a lot of trading Okay in the first hour there's a lot of trading And and but this that concept can be used for All time frames doesn't have to be for the day trading. Yeah initial balance is a good idea Because a lot trades within the first hour So was the reaction to all of that volume those traders in that area? But that concept Is here too Okay, where's all the volume trading within this very small time frame? Okay, here's the here's the move away from it Okay, and maybe now it's going to have a new range here to trade in Here's the pullback to it And here's a whole a pullback to this transaction there Where we found buyers So, I mean I kind of find like the term initial balances as kind of a derivative of what the order flows about No, I I like no no no problem at all. No, I really appreciate it. Um, uh, I I think I'm I'm I'm trying to just uh, it's it's There's all sorts of Terminology used with trading techniques But let's understand what kind of that terminology means Uh, and once we understand those concepts in in in the order flow here, you can use it for anything Here here's an here's a balance of this little area here Okay, do we find sellers trying to drive it away from it? Yeah, there they go. All right here. This is where we look for them Oh three Now dude, how did auction down here? Not bad. All right. We'll forget more here Well, we have a higher probability of breaking this area here Okay, and it did it did break it, but now let's get some follow through Okay, we've got to be kind of careful here. It broke it, but this can be a false breakdown Okay, now it's in a kind of a trading range down here on the break at breakdown Slowly breaking down more and more back to the figure here 4500 maybe Okay initial balance. Let's let's look at initial balance in in in terms of a um diagonal not horizontal Or not initial balance a balance of an area Here here's here's a trending balanced area now. It's breaking. Okay, great. Now. What if we get buyers up here? Okay above this little range in here So we've got this trending kind of balance and then we've got this kind of balance in here basically So if we get buyers here up here Breakout, okay. It's building again balance in here Yeah, I'm really tired too like no, I I just um I Trying to turn you um make make a point on uh Understanding these concepts in the order flow. Uh, and then once once you once you've got the concept down, you're free You can play it all sorts of different ways. That's the beauty. Um You know, we can look at candle candlesticks Um and and start to understand that. Okay wicks Uh, okay, what if uh, we get you know, we see wicks and wicks and we see selling in this area here Well, what if we can get buyers up here at o three and three quarters? Okay, or what if we get more sellers down here? Likely going to get the break at this point is tested here a couple times, but we've seen rejection here Well, what if we get enough sellers here? So this is a scenario. We get our sellers here. We should get the breakdown 4500 maybe even lower Okay, more likely Now what's what's it what's it doing down here? How's it auctioning? I don't see sellers here now. We're getting them. Okay. We should get our break More likely to get our break Okay, there's our candle. So the concept of candlestick and range and understanding order flow within it Uh, same ideas Right, then we're open to the scenario that get what if it we you know in here It's like wow, we're not getting sellers here. What if we get buyers? They'll reach back up to the top of the range here and up here Even though like we see kind of red candles and it's made lower lows or you know It's we see we do see rejection in here a few times So if we get up here if we can get up here and and get buyers um, then Likely we'll get our move to the upside. Okay, and our our break to the upside here So in in this case here, we're looking forward to a potential We had diagonal kind of a balance area in a trend horizontal And then we're looking for a break here potentially if we get our buyers up here We didn't we we we actually then just all we do is extend this across And now we're looking at this range of activity from trending to You know our diagonal to horizontal and then looking for the order flow within that And here's our our next one here Okay, down here Okay, candles say so far. Wow sellers There's rejection. Okay. Well, then more we're looking for more sellers here in the push Do we have Demand or a more more supply up here? No, not really not yet Now they're pulling here supply or demand All right, so if we get some sellers here, we should get we should go further We're likely to go further 98 and a half 97 96 Okay retesting the bottom of the range here So our candles This shows, you know strong move rejection uh, and um Back down into close at the bottom of the range Okay, now look at the order flow here Okay, so we're looking for the move lower, but not now We're seeing strong volume come in and we're back up here at the top of the range Okay, so now this is going to be trap volume In our candlestick pattern, this is a failed candlestick pattern But the order flow is telling us. All right, we're going to come up to o3 and o4 o450 Most likely Okay, it's still kind of dark under here. Let's see the bid There we go Okay, so this this this candlestick theory or this pattern here failed Okay, but we read it here. Let's see if we can get back up to o3 Almost there And then we're back up into this area where our candles Here Hey, and we'd really like to see some buyers up here Okay around o3 and a half or so There's more demand at o1 Short lived Okay retest to where these buyers came back in Let's see if we got a buyers again Uh a few questions in here. Let's see Yeah, the liquidity marker, um Jeff, um I think I'm I don't have time here. We're we're just finishing up the the, um, european close here And um, and we'll turn it over to tom b And, you know, he'll he'll get started here pretty soon So if you want to continue on you'll need to jump over here into discord and You know, we're gonna get tom on youtube here pretty soon But Yeah, for for now, you'll have to jump over to discord Anyway, um, what was I what was I leading to? Um, I'll show the liquidity marker I think next week in more detail. There's some things I want to go over with the with the developers. Okay in particular So I wanted to hold off on that uh, let's see here, um You tried toss a d and feels completely different. Oh, it's pretty good. I I I you know, um Dxv data is good. Um, it's just you're not going to get the market buy order data and you know the the the, um the actions good in, um Uh, or you know smooth action in in in thinkorswim And you know, I like it the, um But the desktop version here has a lot more features. That's for sure. Okay, so if you want access to those features And that that's what you're gonna, you know, you can go with uh You'll need rhythmic data. Um, if you if you're looking at futures and if you want the mbo indicator as well Okay, then you'll need to subscribe to that as well All right, so guys, we're back up here again and looking for buyers again up here at the top of the range Uh, it rejected and kind of came back down, but it tested where these buyers came in you can see it right here We're looking for buyers in our breakout 0 4 and a half 0 6 Okay, it looks pretty good. We're building building consensus up here It's auctioning up here. It can go higher Hey, oh four and a half Okay, so oh you're starting to understand it better now. Great. That's excellent. Um You don't have to be all that fast, uh to to respond to these things, uh in the order flow But I mean, you know, we're trading and timing is a big element Uh in in trading, of course So and we're reading the order flow, but you know, you can look for exhaustion and rejection of areas And then look for it to trade back up to these areas here, uh as well It just depends on the style you're you're trading Let's see here. I think I've gotten through all the questions in youtube Uh, yeah, we want to take a look at a quick look at amazon $3,000 $3,100 instrument crazy Stock, um Looks a little similar to that. Uh, there's some similarities to that tesla We'll take we'll jump back to tesla as well And I didn't look at nq. I'm sorry guys. I I will take a quick look at nq Okay, what about tesla? Let's take a look here. Uh, not not seeing too much. I mean it is starting to kind of turn around You know, let's see I don't know. We we got to see a lot of buying up here again to get back up to highs for the cash session And maybe to 31 50 That's bigger bigger time frame there Okay, so we're you guys can see what's happened here in tesla We're looking for that that um, kind of bull flag played out nicely up into our 40 level Uh here I really would have been looking for it to trade up into 52. Uh, or I'm sorry 40 1045 and then maybe 1050 1052 this really looks good to me. It didn't However, if we look at the structure We got structure down here and sideways and And a lot of volume and then we still we have broken and accepted above in this structure here And so still looking pretty decent that trading around in this structure between 33 and uh and 41 or so All right And then let's jump back. I haven't not looked at nasdaq. We used to look at we used Nasdaq all the time. That's what we looked at Primarily haven't looked at it in quite a while. Um, Let's see here God, this is a nice move in here Uh back up to nine o'clock and 40 14 500 uh Yeah structurally here one two and Buyers cluster buying coming in. All right. Let's see if they can move it right back up to 62 and then Maybe back up into 76 As well. Let's zoom in here a bit You know finding some sellers interested in this liquidity here So this kind of is is kind of showing us back and forth. I mean more more Demand in here, but sellers seem to be interested in it. So there there they go and there they just trade it into it now They can probably get down to 32 In a half. Okay. Jeez. I forgot how quickly this moves. Um Yeah, maybe maybe 30 Hey now as an under over or a pivot it would have to we'd have to get buyers back up above this 38 area here Yeah, I I really like this market. Um, I like the nasdaq Anyway s and p's been moving pretty well. So we've been covering that uh this move this Um failed candlestick pattern down here moved in to pretty pretty nice. Uh move to the upside Uh, oh six and even higher oh seven Okay, we're looking for the these wicks up here and we broke out even from these wicks up here So nice move on that um, and uh, yeah, so I think that's it guys. We can wrap it up here any last minute questions. Um, All right, Doug tesla, uh trader start buying calls and selling puts excellent I love it. Uh a few more questions in here. Let me see Yeah, when volume dies it could be excruciating Let's see Yeah, nice structure there alec. Yep xander Recover you guys are kind of answering your own questions in there good um, and uh, let's see youtube I think i'm all Travis, uh, you're looking at correlated markets there as well. Great Yeah, yeah, I love looking at the correlated markets. Um uh Yikes all the way all the way back down here Uh through this is our under overline here kind of uh, you know where they kind of broke out from and look at the sellers pound it right back down Okay, so looking for follow-through to the downside on this we're here we go 98 I mean if we're already through it and we're selling down here looking for them to move it Uh, let's see we can get back down to 95 Um, let's zoom out here. Uh, yeah, I like that 95 area in here. Let's get the candlesticks off Uh because of this kind of uh, uh consolidation and then and then breakout. Um, but yeah, also down here 90 our 90 level Boy, nice some nice moves in here Anyway, guys, all right, let's wrap it up. Uh, tom b is next Uh, and uh make sure to uh, you know jump in that room. It's over on discord Uh, we will uh catch up with you guys on monday. Everybody have a great weekend. Uh, and uh We'll see you monday. Okay. Oh if you're on youtube and you like this, um, you know, um, give us a like Uh and uh subscribe to the channel. Uh, and we can do more and more over on youtube Yeah, all right guys. Yeah, thanks again. Have a good weekend and we will uh, we will see you on monday Okay, and and join tom b Uh lined up next Okay, take care. Bye. Bye