 Good morning traders and welcome to the book map live trading webinar It's live analysis here Monday Tuesday Excuse me Monday Tuesday and Friday at 11 or 10 a.m East Coast time tomorrow live trading with J trader for stocks and then Scoppelsini for futures on Thursday And the whole concept here. This is all free our education is free We just asked that you subscribe to our YouTube channel and You know come to our discord for more there's a lot more that we offer This is just kind of the tip of the iceberg so to speak the Many different streamers over in our discord, you know, so All sorts of different things dug with options You won't find him on YouTube at the moment. We have the our go boys over there as well. We have Tom B. He will be Streaming also on YouTube immediately after this one And we have an educational course and this live analysis here is for you to apply what you've learned from the educational course So that we talk the talk and then walk the walk and then on top of that We offer all these other traders so that you guys get a really solid education on order flow And how to read it and how to implement this within your trading. All right, that's that's our whole goal here. So I hope it helps, you know, that's what we want to do for you guys. Anyway, let's continue on and Go through the risk disclosures and then jump into the live market The general disclosure all book map limited materials information and And presentations are for educational purposes only and should not be considered specific investment advice nor recommendations The risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Okay Let's let's jump in here and Take a look at the at the markets here. We're gonna look at the S&P e-mini I want to do a little bit of a review from yesterday Just so you guys are aware and know About our education if you're new here Go to our YouTube channel and and like I said, please subscribe hit the subscribe button here Hit the like button you can see Tom B's webinar up next at 1130 after this one and then Doug with options and I'll go boys later And we'll maybe be offering Doug here pretty soon, but just testing at the moment any anyway The what I wanted to go through was our webinar from yesterday. Whoops That's the live webinar Here it is. Alright, so what we covered yesterday and why I want to go through this, right? It's just a review here because here We had a Fundamental event here, right? We had services PMI boom big move, right? well, you know about 20 points or so and That dictated the day for a while at least for our entire session and Then you know the market started a trend Right and we look for when it might start to break and trend But this was the volume event that we covered here it is important to understand the fundamental event and the order flow within it and that's what this webinar was all about and Then looking for opportunities within the order flow within this bigger volume event here Right, and then we went through or in here The bookmap trader map pro This is a really interesting product and I want to I'm going to review it today or I'm going to review it here because I want to review it later for you guys we can filter for The order flow in here for the Larger larger players that are providing quite a bit of liquidity in here like in this case. It was a hundred lot All right, we zoomed in here. We saw exactly what was going on and we saw where this is why we were targeting our 4045 level yesterday. It was one of the reasons it was one of the reasons it was a confluence And this offered insight here. This is something that I have not seen from other platforms All right, so this isn't an edge It's an advantage You if you're interested in this you need to have the MBO bundle But right now it's available also with a global plus subscription And why I want to cover this here is because we look at today's action This 3890 here earlier today. I had a meeting with a bunch of traders and We were kind of covering Q&A a little bit on this trader map pro Feature here. All right, here it is here. I have it here, right? This is the 100 lot filter. Okay, so we were meeting somewhere around this point And then looking for okay. Well, you know, here's our review of this product It's pretty amazing. It's pretty amazing. This can offer you a really really strong powerful confluence Here's why this is a hundred lots up here by one individual actor also down here on the bid 3890 okay during this webinar or during I'm sorry during this meeting with these other traders we talked about it Where price might go well on the bid they're down here 3890 we were at 4,000 at that point It's a 20-point move. Look what happened here Now you can see that our activity of these players how this player here provided liquidity down here at about 0-2 4002 Got filled a little bit here and then pulled it away and added it back up here So to 4,015 Okay, and then stayed there Okay here Just before the cash open they actually pulled it added it higher up here to again where Our 4045 level they are still there up there at these levels Then they pulled it away and offered it lower here. They wanted to be sellers now down here again, okay? At this kind of a little bit higher here actually around 04 or so okay, they got filled They got filled here at the cash open 930 right here. Here's the move into it. They got their their fill Where did price go after they got their fill? 3980 guys we're not making this stuff up go check it out Okay, so let's look at the current market. What's going on now? Well, they're on the the larger player here with a hundred plus lots in in this case We see it right here 140 okay, we made a filter for a hundred Up to a thousand basically there. Let me show you the filter All right, it's under trader map pro and let me show you where you can get this It's right here is this filter all right the Keep orders from a hundred to actually ten thousand Okay, no one's in here with ten thousand with this product so Anyway anything in between one hundred and ten thousand display it in the order book That's why we see such a huge spread here because there's a hundred up here at this 87 level On the offer and then there's or more than a hundred and then there's more than a hundred down here At this 62 level here as you guys can see right and and look how they just pulled recently here They're actually getting filled in here a little bit and then they're pulling and adding it back down to 62 Okay, so this is their behavior in the order book Larger player gets filled a little bit pulls it nads it down here Okay, the they're pretty consistent here on the offer up here And this is the spread here right now. Okay with this filtered product. All right, so keep these Levels in mind Just I would just suggest Let's let's take a look at these levels here With our higher time frame charts. Okay, so 3862 3839 87 or 88 All right. Well, here's our 15 minute Can't or let's see 15 14 minute candle and I Want regular trading hours? Hold on. There we go. Okay All right, so What would we say 88? Look where it is guys So we're we always look at these levels in here or we look at market structure in here And this is a consolidation period in here. Hold on. Let me bring up the pen tool All right, okay, here's our consolidation period here Okay, so Where is 88? It's right down here All right, so that's where there's there's a hundred and forty lots Okay, also down at 82 now. It's a little off the chart here or 62. I'm sorry So where's 62? Well, let's take a look here 62 is right here on the hourly Okay, and it looks like we did we just go down to it. Let's take a look here No, all right. So yeah, it's I'm sorry. We yeah, we did go to 62 here. So that that's already filled That's already filled All right, so it's already tested that. Okay, great. All right Well now they're down at 50. All right, and they're on the offer up here They I'm sorry. God. I got this all screwy here No, this is this is 60 down here on a minute here. What's what's kind of going on here? I'm sorry. This is 56 down here 3856 That's 38. That's what that's what just screw me up. All right. So yeah, hold on a minute here It's a hundred points off. Geez. I'm not I'm not used to looking at charts like like that so 3862 is 3862 yeah, and this is 65 here Okay, I think what I've got going here is the This is the Continuous Continuous symbol here All right So anyway, just matching up these levels in here So our 88 level worked out pretty well our 65 level down here worked out pretty well On the hourly chart something's a little a little goofy here Yeah, they're down here at 56. All right 3856 that's down here. That's a gap fill guys. I mean like, you know down way down here Anyway, that's what I'm seeing on it And that's where the larger players are Okay, so Look at these levels in here match what I'm trying to get at in the point here is to go look and match these Levels up with whatever you are trading They have significance All right It's just an auction in here. Here's why it has significance. It's an auction right that that we know so The where are the players in the auction? This is where they are This is where the larger players are this is what we want to understand and comprehend not a moving average Not some Fibonacci level You know if you're looking at something like volume profile fantastic if you're looking at your trend lines or You know some other market structure that you're using Fantastic just match it up with the players and in the auction This is where you're gonna get an edge right and understand the behavior of these players Look at them getting filled here at 68 right now Okay, they just and see how they pulled away and they again are on the bid way down here This is a hundred point more than a hundred points away Hey more than a hundred points away, right? So this is telling us something here Right, so let's keep this in mind. Let's put it in the back of our head here But look at these levels in here. I just it I'm just trying to get up this across here. It's so powerful and it's so important to understand the players in the market Where are they? where they want to deal and This is giving us some of that insight in here. It's it's pretty incredible so Just keep keeping in mind put it in the back of your head here or back your mind and Look for these levels. So look at this 65 level here Okay, we just saw them providing some liquidity. So off of this level here Did we find buyers? Yeah, we might right now. I'm looking for I'm looking for big green dots right now because we traded here Okay, so we got some all right now. I want to see these buyers Lift it to the other side of the range here 70 okay as simple as that Okay, we're it's starting to show I'm looking for it. Okay, so now how do you take advantage of this within your trading plan? This is something you will need to study and to vet All right, but this is where you could get in right in here. This is where you could take a partial profit right here Okay, this is already unfolded. It's still going up though right now. Okay, where's the next level? Where's the high liquidity 71 73 75? Okay, let's go back to that trader map Pro of 100 and They're they're here at 87 basically so they're way up here right Anyway guys, this is a 100 lot That's quite a bit and these are big moves in here So this can for those traders who are trading on much higher timeframe This is how you can use this tool. Look at the let's look at the 10 lot in here. Okay, so I think this is the 10 lot, right? Yeah, so now I have another trader map Pro in here that's for 10 lots or greater Okay, it's just like the 1 for 100, but it's 10 instead. So it's a lot smaller here This can also help you understand that this level up here at 73 In a quarter 73 somewhere around here is more important than the other liquidity levels So if we're looking for this price to drive we're looking for it to drive up to here Okay, you can take some off at that point. This is this can help with your trade not only your your trade management But you're set up You know, this is where you're looking for that liquidity Or or these these buyers here to trade up to Okay, so look at here. Here's our 10 lot in here at 70. Well, we already took some off at 70, right? We were looking for it in and getting involved in here around 67 up to 70 great All right, take some off You can have your stop at break even at that point or If you want to manage this looking for if you're looking for a larger move here Well, and this was your entry point You've already taken some off about three three points or so you can put your stop at overall break even from here at 67 and a half down to sixty Four and a half or so right just three points away down here. Just put it at 65 here right so And then you made nothing maybe a tick on the trade Okay, but you gave it a chance to run All right, so it's up to you if you're looking for your higher time frame trade that might be your a way to consider it all right, so The flexibility is there. The liquidity is here to give you that insight here It's up to you to manage it how you want to manage it. Okay? We'll cover various ways to manage it but Here in this education in book map It is about reading the order flow here. This is not a trading strategy book map is not a trading strategy Okay, it is a platform It would be irresponsible for us to just show one strategy Then book map is just a one-trick pony. It's just not like that. It is just showing market data here and You can extrapolate that into any type of trading strategy Think of this think of yourself as the artist and think of book map As the tool for the artist the paintbrush the chisel whatever it is This is the tool and there are many different styles to use with that tool Okay So what come to the discord are you know You could also you know Not only the Discord channel, but also in our YouTube channel other educators come in for example Tom B. He'll be on later He's a volume profile trader. Okay very exclusive or Way of trading he's looking at volume profile and order flow Okay, so we're gonna go over as many different trading styles as we can in here and reading order flow within them Okay, so for example look here You you would have been you would have made some money if you put your stop at break even on this You would have you would have targeted 70 you would have been out some you would have been stopped out down here around that 67 and a half bigger picture though if you Took some off up here at 70 and the second leg of that Hey Is your stop was down here at 65 you are still in this Okay, and you're looking for the next level to trade which was our 73 level Okay, or maybe 75 up here. Okay, it's looking looking maybe better for 75 They're they're pulling as well All right. Anyway, we're reading and making trading decisions here based on the behavior of other traders within the market structure All right all right, so guys this is a Lots of different ideas here all right to integrate this play around with it You know we'll hold Q&A webinars whatever it is to help you get on your feet whatever we can do to help you and You know our goal is to try to teach you guys and integrate higher probability order flow Insights into your trading strategies That's really our goal right high quality That's what we're here for We have a platform that does it the tool is exceptional And we have excellent education that goes along with it All right, so anyway guys, let's see let me get to some questions in here Good morning, Rob. Good morning JC Rob. I'll reach out to you later. I Just been super busy. Sorry about that And Alan as well, let's see here We got some questions Yeah, they're they're like a hundred points away and shul absolutely The you were right at the other day had bounced off without indicator Yeah, Floyd I boy, I can't recall. I mean, I think just those higher time frame levels. We were talking about With the trader map pro. Yeah so, you know Just lying some of these things up guys and like higher time frame stuff like, you know, the same things that we're looking for On these very low time frames within this webinar They work on the higher time frames. So for example the order flow in here It may come back up to this 80 level here, right? And it may come back up to this 88 level here, right? Look where it dropped from here Okay, it dropped from 88 over here Right now what we're looking for in here for a higher time frame moon is is quite a quite a bit of buying in here All right to be able to move this higher and Yeah, we can you know even start to put together here if they're gonna be staying on the on the bid in here and getting filled You know quite a bit of liquidity getting filled in here Yeah, a pull a strong pullback or you know, maybe back up to to 80 here is is totally within the cards Okay, or 88 We just we need to look for those players to start to Buy and lift this higher. Okay. That's one scenario The other scenario on this higher time frame is we got to see quite a bit of selling coming in which may happen Well, we'll we'll cross that bridge when we get there We know what it looks like though even on this trader map pro a chart here We know what that looks like. Okay, we're looking for big red dots here down at this bottom edge We can already see there's a small trend line here broken. Okay, just market structure Okay, that is broken and we're both we're below it. We're right in the middle of the range right now now Look at our profile as well Okay, so we can ascertain from this like if we get big red dots here Well, not only are they gonna come back down to the bottom of the range in here They could break it. Okay, and we can have that trending market here and we could go a hundred points Here we go. Look at these guys Dropping that that liquidity down here. Okay, likely Likely and now they pulled and we've seen this behavior a bunch already But it kind of tests the market here. Okay, we can learn from this And we're gonna see now and look at them on the bid now. Hey, they're testing the market Okay, where where is there a kind of imbalance or where is there more? Demand where is there more supply? Okay, looks like there's a little more softness in the market here So I'd be looking for these sellers to come in and drive this lower and as we're speaking is there it goes Okay. Now this could be a hundred point move. Hey, let's look at our higher time frames here Right this looks it looks really good to trade down to This this 50 level down in here Right. This is where this big move took place the other day I think this was Thursday or Or maybe I was it maybe was I can't remember which day That was Anyway, I was that was a big day. I think it was Thursday And and we're coming back down into this this level in here Okay, is what we see the sellers coming in. Hey on these time frames in here This is the most likely scenario here Look at the momentum on these charts in here the daily on the left Hey to to trade down into these wicks in here. So maybe even like 46 Maybe even lower 38 21 39 21 somewhere in here Hey, so just getting an idea an idea of some of the ranges in here And this one here. Well our 50 level looks really good And and then maybe we have 42 here and then here's our We said 21 before but actually I kind of like this as 15 level down here better And then that gap fill is where we saw that high liquidity. It was way down here in the in that 100 points away and That's just getting an idea here and where price might be going so You know, we're kind of probably due for a little bit of a pullback in here We see a few wicks. Let me let's go back to the look-back period here of a week No a day Okay, so, you know some pretty big down candles here. So Maybe it just needs a little bit of a break here. Maybe a pullback Before we get a continuation move Into these lower levels. It's gonna be something to look for the market cannot continue to sell off Forever like this it needs to pull back it needs to take a breather So anyway, we can look for that in the order flow as well Okay, we always look for that in the order flow Boy, it looks pretty poised here to try to go lower Yeah, I'd be kind of careful on this one We're already pretty low here. So, you know a quick snap back in that pullback that we're talking about There and there there it is. It's starting to starting to unfold a bit So, yeah, and if it does this would be the first level right here just by market structure and guys This is what I mean by market structure this Versus this so this level in here the next one is this kind of level in here where it broke from Right up in here. So around that 69 level and then it is kind of 66 level here. All right. Anyway, that's the trader map pro again I'm still playing around with the trader map pro myself. I'm just finding it enlightening. So You know give it a try See if you guys like it. Let me show you where it is Just go to book map calm Okay, and it will work now with that global plus subscription, but it is It is on the marketplace With the MBO bundle. Okay, so But go to the knowledge base here Totally add-ons section here and it's the one at the very bottom here trader map pro And you can you can read about it in here. There's a video here And and understand the different settings and how to create these filters, etc All right, and then here here's where the MBO bundle is here And it's included in that you can see MBO bundle plus trader map pro This is 134 a month. So what we're this has been 134 a month for years now But we're adding more value into it. So we've added this the trader map pro within it Okay, so that's the the goal here is not to You know is to continue to add value to these products without You know raising the the cost All right, so let's see look looks like Looks like that was very short-lived pullback here, but look at them on the bid here And they're bidding up in front of these areas as well. So are they getting filled? Yeah, they got filled here at 62 And then they're at 61 and then 60 all right, let's see it sellers. There we go. There's 60. Let's see six or 61 Let's see 60 and Maybe our 58 and 56 here Now they are in front And they are getting filled though so Just seems to be a lot of selling pressure in here. I like this 68 for the pullback here and you can still be bearish All right So, you know most likely move here is is them is going with the momentum the downside move Especially after these little kind of breakouts like this here. Let me let me show this here to you See this little breakout from this structure here and it failed All right That's when you can a lot of times you look for this move to go to the other side of the range and test down here Which is exactly what it did All right, so I were still bearish in here. It's trading to the top of this range here And I'd be looking for this to fail up here And then sellers to come back in that is the most likely move Okay, now if we see these large green dots in here though It's a different scenario that's unfolding and then we're looking for a move back up to the top of the range And then back up to the 68 level here Okay, that we said we liked because that's where the drop from over here All right, so Anyway, like I just wanted to cover something in here about that That we see time and again in the order flow is And you always hear this about going with the trend, you know the trend is your friend to the end So Just if unless you see something very dramatic here in the order flow Like huge transactions like big green dots like them bidding up in these areas or you know We we always put the pieces together here for a reversal like getting filled on a bid all the way down Starting to see those buyers come in buyers come in breaking structure in here and they are right So and we see a little bit more buyers here Now this this break of the structure failed and this one's failing too So still the most likely move is still to the downside Okay, I'm trying to get out here is stick with that trend until you see something that really hits you in the face That tells you they it is the market is getting ready to reverse Else stick with the trend. This is what you'll capture You won't be shaken out of your positions and you'll capture much much bigger moves Good morning, Robert. Nice to see you in here How do you get to the dome pro new features list? The the dome pro like Bob I I believe it's Corwin nice to see you in here as well. So the dome pro is again from that Knowledge base in here the new features list, um, yeah I'm not sure if it's under here under dome pro and No, I don't think this was updated. Oh, I know I know what you're asking for. Okay. I've got it. Let me let me provide it for you Yeah, yeah, this is something that here we go Yeah, okay, so let me provide this here for you. I'm gonna put this into the chat for you guys Guys a Bob is a longtime book map user. He is He's kind of champions The let me just show you this here. I just don't want to cover this so you guys know The the recovering order flow in detail here part of order flow and this is probably the purest order flow trader We've ever come across is right here Gary Norden. Okay, we had a webinar protrader webinar with him last week He's looking at the the dome and he's his order flow trading is very unique and very specific he is looking at the dome the dome pro and In book map here, let me show you the dome pro And And as that loads, let me also put this into the chat for you guys There you go So try that Robert see if that works that that link should work for you It might have eclipsed it here in in YouTube but Take a look Let me know if it doesn't work All right, so this is the document though And and we're asking for new future features in here or you know your feedback We want to address these issues Exclusive to the dome and then this is what Gary was looking at And he's just looking at this and he's looking at trading the here in the now very specific things All right, and that's it. He's in he's out several times a day All right, so if this is the kind of trading you like well, you know watch that webinar reach out to Gary We covered it many times you know how you can reach out to Gary and The Norden method you can even do a search for it Gary Norden Norden method all right, so If you're interested in that that type of trading okay, it's very like I said very particular and it's for the dome And using the bookmap dome pro here. All right guys. So anyway, I hope I made my I'm glad I made that point About that trend continuation Go with that as your direction until you see something else in the order flow This will save you a lot of stress and a lot of money Trying to always like bottom pick some of these areas in here can just lead you to ruin So you have to be very very particular on your reversals and look for the In the order flow here, you know very particularly looking for something in here that gives you a lot of insight Okay, it started to kind of give us a little something in here to be honest They're getting filled on the bid on the way down right. We even looked at that trader map pro We know that they're getting filled in here Okay, we they're getting filled at 65 as well And then we started to catch some of this in here, right? We were looking for this move 70 and then maybe 73 it looks like it traded up to about 73 72 and 3 quarters 40 contracts traded up there. So it never got to 73 it never got to 75 But those were our next levels, right and and we went through a trade example with it. Okay, I wanted to cover though like a You know to stick with the trend in the bigger move because again and again and again like you know, you'll you'll just you're just gonna save a lot of money look at the market structure and then if we can cover a reversal in here, but if it Does not accept above an area like this and it comes back in here look for the other side of the range and trend continuation All right, it's really important And it will it'll keep you in the green And to weather the storm here on some of these moves All right. So anyway, let's we let's cover reversal So what what what we'd be looking for in here. Well, we had the dome pro. I'm sorry. We had the Trader map pro Tell us about some of these areas in here larger players getting filled larger players here at 65 But they kept pulling and adding lower as well, right? We want to see first off on these moves down that larger players are getting filled That's important Okay, and they are They're getting filled here at 60. What about here? They certainly got filled in here Okay, now look at this here This is actually playing out pretty nice Stop run huge stop run liquidity here on the offer Filled we found by this is where we found some buyers They broke this here And then now look at this on the bid Pulled added higher on the bid Do we find green dots? Do we find the reaction this be buyers? Yeah, yeah, we are so I'd be looking for this to go higher Okay, and it did Beautiful move we're missing it So this is the order flow event to understand Okay, let's go through this process again All right, but this is the key level down here, okay to look at All right, so let's go through it again. Okay, so first off we're going with the trend until we see something else Okay, I got data aggregation on all right. Um, so um the the Looking for reversals is is a lot trickier than going with the trend The first step is to look for lot lots of players getting filled on the bid here on the way down Okay, larger players will get filled all the way through this and they'll continue to add into their position Okay, and then what's going to happen down here is Something's going to flip And and and switch here look at the size of these green dots in here Look at them compared to the other ones the red dots on the other side here Okay, now We look at market structure as well There's a structural level here that we have to break it has to break if if this is going to be reversal Okay, so where are we looking for it to go? Well right back to our 73 level here Okay, now let's let's prepare for this then. All right, so are we getting buyers up here? a little bit Not bad. Are they on the bid here at a higher level? Yes Okay, where's that liquidity on the offer? It's here 68 our back to our 68 level Okay, so now what about current market? Okay? Yeah, I mean I would I'm looking forward to go higher Right now. What about entry? Well, I'd be looking for a pullback into some of these areas. It's already done it a little bit Okay, well, maybe it'll pull back further maybe 60 here Right now a very so you'd be you know, you'd be looking for setting your orders down here or waiting for it to trade down here Okay, now here's an aggressive order would be up here Here's a double bottom pattern within this and it's already playing out So we're looking for these buyers to take it up to our 68 level right now Okay, but here's why though. Okay. Now. This is very aggressive and you there's always risk that you're taking in the market Okay, but and you can see that that was a risky endeavor here, but but this is what we saw Okay, we're looking for Buyers in here and it was kind of going back and forth in here and we weren't really quite too sure We're looking for maybe a pullback into this lower liquidity here Okay, and then instead here it was here Okay, we had some selling in here Not too much selling here very little selling Buyers on the other side of the range. That's great So this is kind of a microcosm of it It's a very aggressive entry somewhere around in here and you're looking to take some off maybe at 66 here now I know that's not much But the concept is that we traded down here. It rejected We're looking for it to trade to the other side of the range that range might be a tick It might be a couple of points. It might be a hundred points. It doesn't matter. It's the same concept So we'd be looking for those buyers then to come up and trade up into this area So they took it up to 65 and in three quarters. They never even made it to 66 here Okay, so now we got our deeper pullback and then we did come back up here So it's kind of it's not giving us too much insight here because they they They pulled out the quitting we had the buyers here But we're right back into the range here. Okay, so The buying looks pretty good up here though So let's see if we get another retest back up here and then our breakout into 68. Let's see. So Bob, I think Okay, that worked for you. Okay good Yeah, Noah Gary's Gary's He's been trading for I don't know decades and He was on the floor Trading and he's been trading on his own for for quite a while decades. I think so Yeah, it's it's in there reach out to Gary Really really great guy. So If you're interested in that kind of trading guys, this is looking again, we're back up here It's looking pretty good looking for that You can see that it just wasn't quite enough buyers in here to take it all the way back up to 68 Okay, but we're gonna bounce off of here and we're looking again for buyers up here and then the breakout Okay We're not looking for exhaustion. We're not looking for red dots up here at 66. We're looking for green dots up here We covered this yesterday actually Why do we think that there's more probability of this trading up to 68 now? Well, we have the bid we have this strong move here Right, but they're auctioning up here to here here here and here a little bit So we know that there's buyers up here So we're looking for those buyers to retest back up in here and then we're looking for it to break Hit some stops and trade up into 68 Right and then maybe maybe higher All right. Now. This is really a critical level here For this move All right, because we talk about structure in here our first structural level was here. I keep doing that All right Here we go first structural level was here and we broke that Very very simple to see that one. Our second structural level is here Okay, and it's trying and it looks looks pretty good looks pretty good We've tested down here a few times it rejected and we're coming back up when we're still finding buyers Okay, but we we got to break this here And it's got to come back up into some of these higher levels here. Okay. Here we go. Here's our retest We're finding buyers now these now. This is we have to be very careful on this one We're finding some buyers here, but look at this. Did they make a higher high or even equal high? No They're buying, but they can't lift it So we have to be very careful if you see red dots down here at 63 and a half look out Look for a move down into 62 and 61 Okay, so now let's see if we get those buyers up in here a Little bit. Yeah. Yeah, it's in the high volume node, but like that's fine That's fine. I don't I really don't care I just care if there's buyers up at the top of the level here I'm looking for some sort of imbalance basically Floyd and then watch it rip away from this high volume node here So, you know the high volume node means that you know, obviously the most most traded level in here in this kind of Area here a lot of trading a lot of transacting This is value Right, and we know what it looks like though. We're looking for those key levels what it looks like when? price moves away from value Okay, we look for a massive trading for it to move away from value And so what here they're they tested the other side of this range here We we didn't find the buyers. We're looking for They were not able to even come back up here Right now. We're finding sellers. Okay, we've seen this so many times Now we can look for areas where these sellers might come to this looks pretty good here 61 or 60 I'm sorry not not 60 What do you say? I'm looking at this here 61. Yeah, okay And also this liquidity here at 62. Yeah, I mean this selling in here is not really enough Does not look like enough to me now they may pick up but this is these things We don't know we just know what has unfolded and what is unfolding right now And we know what the the order book looks like And to give us some insight here Okay, so We're reading the behavior of the players and then gaining insight from it. Let's jump back to our trader map pro We'll take a look here. I like this here this little double bottom here Let's see if we get our buyer. We got to get buyers here for this double little double bottom in here to work out Buyers have to come in here Right, we can look at also structure in here We have a few different structural lines to take a look at this one this little area and then break out back up into your high-volume node Floyd or We're looking at a trendline break as well Okay, so it would be something like this and you can see they just they ain't having it They're just not having it. All right. So here's our pullback to this structural level And let's see if we get our buyers in here now If we don't we're gonna we'll see we're gonna be looking for those bigger sellers and to for them to move this market Hey, and and dramatically lower. All right, let's see it sellers then if you're gonna move away This is it. This is where we got to see those big red dots here with the offer is looking pretty strong Okay, this is where we need to see him and I just don't see them right now interesting trading up to that 61 liquidity here on the offer and Nothing transacted though 12 contracts did So they're trading into it Thanks, Joe. Yeah guys hit the like button subscribe to the channel here, please. This is something that really helps us and You know, we're doing this all of this education here has been free for quite a quite a while We want to continue to offer it and The what helps us offer that is the like button As well as the subscription button Okay, come to our discord if we know that there's interest out there We will continue to provide content for you So a little it's a little bit of a relationship there like you know, we'll provide the education you provide the You know the interest and that's our relationship here. All right sellers pushing it through This is not Something that I like in the order flow here. I'm just not getting that much insight. This was easier read for me Reading this here reading. This is more complex Here's why I'm not just seeing this conviction here from these sellers to move it away from that value area that Floyd would had Outlined here. Hey this high volume node here Right if we want to see it move away, we'll see it move away on strong volume and this is not really it Okay, so we can still see these buyers come in here and Lift it back up to here Back up to 66, you know that we were looking for earlier to try to trade to 68 so Let's let's take a bigger step back and take a look at this We were looking for this kind of potential reversal and we Boy, I got what let's take even a bigger step back first. We started with trend continuation stick with the trend until you see something different that starts to break structure and This will keep you in the trade and you'll be able to capture these much much bigger moves All right, but we start to look at these kind of cracks in the foundation here or just the the the Of the structure But also where these larger players are getting filled on the bid With their liquidity and you start to see the buyers start to try to lift it, but then it fails But they're trading up here, right? They're trading up here at this 66 level. So that's good Right and we saw the this you know pretty big buying coming in here. That's good This is this is how we can start to look for that reversal to unfold Okay, and that's why we're still looking at this 66 level in here And what made this difficult more difficult to read was this selling in here is not that strong so it's The order flow in here is not as decisive therefore, it's not giving us a higher probability kind of outcome or Insight I should say all right now. We did break this structure here We do we did break this little structure here as well and look at the buying So now I'm looking again for buyers again here 61 and a half All right, and then I'm looking for them to lift it up to Well first level is I'd like this one here at around 63 and a half But I I'm just going right back to 66 and 68 And now is that starting to unfold? Nope. I mean the this these two legs here look good Hey, what about this one? It looks horrible pretty pretty horrible. There's some buying up here, but it couldn't make a higher high So what we got to get those buyers up here now if we get them here Then I'm looking for it, and I want to see this order book help us out here Okay, so again, we're if we're squinting at this and looking for it to happen It's just not giving us that kind of clarity the move might unfold But it's not giving us a higher Insight to it unfolding All right So we didn't we didn't get those buyers No, Luke I Well, we were kind of looking for along in some of these areas in over in here And then also a previous area over here else. It was like stay short Stay short Now those are little little trades in in those areas But you know if we're we covered like looking at a reversal and starting to understand what that might look like Okay And why? Due to the order flow just not finding the buyers in here guys So I would say sellers have the control here. They couldn't make the higher high up here I've just not we're not seeing the sellers really come in hand over fists though. We're just not finding a lot of buyers So it just kind of keeps on dribbling down here And this is really the last gasp here for support And we're starting to trade through it. So And now they light up right Now they light up on the bid and we're starting to find a few buyers in here Okay, well, we're that's what we're looking for in here is when traders are gonna try to move the market here Okay, we're back up into the range here. So yeah, I would say this looks pretty good now for buyers To trade it to the other side of the range here to back to 61 and a half Okay, so where would you get in it would be somewhere around in here, right? and then you would Again, like, you know, these are small trades, but the concept is the same on the larger trade And then take some off up here at 61 and a half Your stop could be at break even already And you'd likely be Stopped out Yeah, now you would be okay, but you know You didn't lose anything Okay, and and with this volume starting to come in like this We're looking for the move to come up at least to 61 and a half and it didn't all right. So it didn't work out so what? You manage your money well and and again, these are not trade recommendations It's it's just two ways to consider managing these ideas with the with the And you can you can always get back in we've talked about that so many times Now how does this look it's looking okay? I want to see that bid light up here And then if I if I do if we do you could look for another entry and We didn't get that right we're looking for that bid underneath here, but up here and then the reaction to that bid be more buyers All right, that gives us insight that this is going to trade up to here at 61 and a half and Higher 63 66 our 66 level being the ultimate target here for for for this move Still this looks good here. I still I would shy away from it It's just too dark underneath here. I don't see the support on the bid. So I'm not I'm just not gonna play All right, the sellers can come in and and whip it right down into this 57 and 56 area very very quickly So it's just not worth the risk We want the players all to be kind of aligned here and Speaking of which We can look back at the trader map probe, but we can also look at other markets How's the NASDAQ doing? How's the the Russell doing? Well, NASDAQ looks pretty good here It's trading back. It's already traded back up to these levels here All right, it's looking a little bit a little bit better And you do see high volume up here All right, so maybe you'd be looking for let's see if we can get a bounce off of here Doesn't doesn't look good now. We'll see the bid sewing it showing a little bit of interest here Yeah, all right. All right NASDAQ. So now NASDAQ has traded back to this little level where it just dropped from We're looking for buyers though up here in NASDAQ now Why we're looking at the NASDAQ in here is to get gained some insight when all of you'll see like The order we were talking about order flow for one market now. We're talking about multi markets Okay, and what kind of clarity are we getting in here? Not not a whole lot either Right now It's not really telling us too much. So is this likely to be a big strong powerful move at this time? No, not if we have this aligned on both sides here, then yes Okay, and and that actually now what this selling coming in here This might be it Yeah, all right, so let's see now. I'm looking for the sellers here We got we have the NASDAQ on our side now And we also have the the S&P here Okay, so it traded into this 56 57 level and now we're gonna look for It to come back down here and trade again and then to drop through You pull back guys. This is where you'd be getting in on your pullback And then yeah, this would actually be a nice little pullback entry right in here Okay, right here at 58 the one I'm just not a pullback trader though. I don't like it Because I get upside down so many times like this And then they capture me here, and then they whip it against me and stop me out Right just kind of like this So it's not my cup of tea I'm looking for the that that Position of those traders to come in here and then tell me they want to move it at that point And we got some of it here right and we got some of it here on then on the NASDAQ as well here And now look at these buyers come in hand over fist. Okay, so That was tricky You know is looking like we had the alignment here and we're looking for that drop And we're all when we know to from our higher time frame That we're looking for that drop. Okay down into maybe our 40 our 50 and our 44 or 41 area here, okay, and Obviously that didn't work out And we never even got down to 50 here Okay, this is a big strong powerful move though on the on that buy side back up to 63 Yeah, that was tricky. Well, anyway, we went through this whole process in here. I'm just looking for that kind of Insight to who might be controlling the move here and We were on the buy side for a bit and then the sell side in here. There's just not convincing This was a lot more convincing here And then and then they just whipped it away, right now pullback trader you would have been stopped out Looking for that entry looking for that next leg down here and then the push through and we would have stayed away from it again guys it The way to trade this is the tool the way to trade it is is up to you You know if it's a pullback and then a continuation that you're looking for or if you're looking for some sort of mean reversion trade Or you're looking for the other side of this range You know, maybe a higher time frame up to here and then you're looking for it to fail again Like there's so many different ways to slice and dice the markets okay, so we're just reading the order flow and and covering a few of these ways of looking at things Okay You build a trading plan around some of these ideas and And then your your risk Management as well See like here our risk or we talked about this yesterday about a potential trading style. You look for that high volume Areas and movement Who's in control? We've talked about this for years So sellers are in this little this little move here now now. We're back down here again We're getting those sellers. We're looking for now. All right. I'm looking for these sellers to drop it now to our 56 and then Maybe our 54 and then maybe 50. All right here. They come They're pulling the quitty. They're on the offer here finding a few sellers. All right. Let's see it sellers. Let's see it Take a small Yeah, you know, I I'll stay away from it actually like I still just don't like this kind of Slop in here the quitties up here. They're not really pressing on it I am looking for sellers here at 57 and then for them to drop it here. I am looking for it and There they go Okay, and yeah and looking for the continuation here looking for the move down into the 51 and 50 down here You know, I would have shied away from it and hear the same ideas in here that they're up here at 61 We're looking for conviction from one side or the other. We had some conviction in here. That's good So we're looking for the sellers down here Just that there was we were open to risk for them to move it right back up to this kind of 61 area Right. So that's what kind of kept me away from it here But you can see the move is unfolding pretty nicely now All right, and that's fine when we see that that offer come down like this and We see those big red dots in here that's when we have more conviction in in the We know the players are looking for going that direction We might get a nice little pullback back to 56 where we just dropped from here 57-56 Let's see a few more questions in here You're watching Tommy always message mean reversion. Yeah, he's a volume profile trader. He's gonna talk about mean reversion quite a bit. I would Floyd I would suggest looking into some of the terminology there and and looking into Exactly what some of these things? Signify or what what their definition is what what does mean reversion? You know, what what's the definition of it, right? So there's there's clarity around it What exactly are you looking for? Okay, so it means back to an area of of average and You know or in your kind of auction market theory volume profile type of Terminology It's your high volume node. Okay high volume nodes where just a lot of transactions have taken place all right, so So for example of this, you know, you'd be looking for kind of a bottom-edge trade To fail and come back into where it traded previously What does the order flow look like well, this isn't a bad example here Okay, so this is actually kind of kind of a pullback right now and into our 56 level But for this to be a mean reversion trade, let's cut let's cover that First off this it did trend outside of this area here and there's significant volume here, right right here All right, we're looking for an imbalance here and for buyers up here to and this to be kind of equal Weighted to this it's not bad right now, right? That's kind of why we shied away from this move lower because we know that there's some buyers in here and You know, it was kind of hard to we didn't see like a kind of a slam dunk Order flow set up in here or just more kind of clarity from the participants Okay, so this is this scenario here is open For a very nice mean reversion trade Okay, we have heavy selling here traded into liquidity here at 51 and now we have some pretty heavy buying here But they they just came back up to about here 56 and a quarter now. Let's see if they support it on the bid which they are Okay, now do we find buyers? Okay, now actually you could trade this right back up to 56 in fact If you're looking for your mean reversion trade you can even get in early and trade it back up to here And then you're looking for you have a little bit of a buffer You're looking for your big dots up here Okay, big green dots up here All right, and then it's gonna lift it away from this area and where is it gonna go? It's gonna go up to here Okay in this this average area of trading All right makes sense Guys, we're talking about all sorts of nuance things in here This is kind of a range bound trade right here to just trade to the other side of the range You know, you can consider that and You maybe you you take some off. Maybe you add maybe add more up here, right? Considerations in your trading. This is something you you to look into into consider Right, but if you're looking for that mean reversion trade and you've got this kind of set up here High liquidity or high volume on the you know sell side into high liquidity down here But then high buy volume in here and you start to see buyers come in here Look for them to trade to the other side of the range Right, you've already you're in early You've already maybe taken some off Now you're again still looking for another Set up in here, which would be those big green dots that we kind of outlined here Right, and if it doesn't show up great, you know, just cut the trade Didn't pan out, but you're you're well prepared for it here. Well prepared Now we're still looking for it. We're still looking for these big green dots. The bid looks pretty good here So it's still in play Hey, this is still in play. This this would be your mean reversion back to 60 Okay, high liquidity and high volume node Hey, maybe maybe higher 63 up here. Let's zoom out a little bit more 63 looks great as well. So maybe up here. Let's do rectangle Yeah Guys look at it. Okay. Here's our mean reversion trade Hey, this is it now. I'm not the expert in this the With the volume profile, I know what a mean reversion is I know what I'm looking for for it The volume profile traders, you know, you might want to go over to Tom's room after this You know, he he he covers this in much more detail But these concepts is what we're going over in here is they're very very simple okay, and You know, this is look how much better this looks here Right green big green dots, right? Here. They are It takes them off 60. There's your there's your mean reversion already What if you get more big green dots in here and look at the bid bid looks good, right? Still looking for higher Still looking for higher All right, so we're gonna get a bit of a pullback here Maybe back down to here 57 Okay, and Then again big green dots in here Target the sixty three and a half sixty three and three quarters All right, so Floyd in essence is already done the mean reversion for this one, but we're looking for maybe kind of a bigger mean reversion okay, and the significance or the the the the The definition of this is trading back to an average level or value level price level in here Okay, not enough sellers to reject out here So what what does that mean? Well, it means value is in here somewhere is trying to find define it right now markets trying to define or the participants are trying to define it but certainly 60 was an area and it's already traded to it and another area is up here 664 so what is this in here? This is a discount. This is a discount down here And you would you buy up the discount and what do you do you trade it back into? Where it can trade? Into these areas here okay because other traders were there. This is value All right, so you'd be looking for that so in fact there could be even three trades in here One is the first one back up into here and then adding to it in here again looking for the move to 60 and Then you could even be adding to that one at 60 Just above 60 here now is that one's going against you right But then you'd be looking for the bigger move up here to 64 or 63 and three quarters Okay, so this is a way to also Again, it's not a trade recommendation But it's a consideration for if you are looking for scaling into your trades and these ideas in here About you know understanding the mean reversion or auction market theory then you can look for Managing your trade in that in that direction All right guys. Well, we're also coming up to other there's other things to consider in here and trying to not to make it too complex, but Again, it's about the players and what what time is it right now? In terms of markets around the globe it's European clothes So during the European clothes, we know a lot of larger players are kind of shoring up their positions Okay, so we're going to get a little bit of volatility in here And we might get a nice trending market after Yeah, UK clothes exactly Or you European clothes right so You know keep it in keep it in mind Some of these moves might be kind of erratic in here during this time All right. I mean if you're if you're still You know looking for that bigger mean reversion play You might be getting you know stopped out right about now or pretty close to it But you can see how we covered this here and you can consider it, right? The trade management is a little more complex in here Where do you put your stop? Right you want this to work out of course You know, so that's why I like to take some profit at some of these areas but the scaling in is Is a lot a lot trickier Or just takes a lot more nerves. You have to be very very confident of your your setups and You you've traded it a lot, you know how how it unfolds how it works and you stick with it Okay, until Something tells you to cut it and you know exactly what that looks like and this was a pullback here to 57 All right, and we're just if you spliced in well if you got in here it took You got in here some you took you got in here some and you got in up here some That's where you you know, where is your break-even point? It's probably somewhere around in here and You know that's gonna You know you're in heavier position and this could whip through that and come back down to 50 Right, it's still it's still in play actually Technically it's still in play the way we we covered in here like this is where that buying came in This is just a pullback to where that buying came in Now the sellers could have dropped it here, but they didn't we're back up here Hey, so and we're still kind of looking for this move to the other side here It's a little more convoluted like I said we have the European close So, you know, how do you want to how do you want to manage that? These are all considerations Okay, that you need you'll need to kind of look at and consider And put into your trading plan All right, do you want to trade around the European close? Do you get stopped out around the European close? some good stuff though and This is still in play for you, you know this kind of You know, it's basically a double distribution in here or boy. I don't know what it's turning into It kind of looks like just one big maybe just fills this gap in here Right, maybe it trades the other side here likely likely you know if if Marcus not too Doesn't really know where it's going in here. Then the move back to here is pretty likely You know back to 64 guys and another one. Let me just cover this another one that was just excellent with our protrader webinar was Right here with Charles from private private traders. It's just excellent on his volume profile trading Right, so, you know, you've got Tom B. He's starting right around now Go there Watch the one also from from Charles And you know put some of these pieces together Charles has a very specific trading plan All right, this trading plan idea in here for this setup in here is playing out pretty nicely now Looking for our 64. Maybe maybe back to our 66 level. We were looking for back here Right, and then that might even make it to 60 75 at that point It's looking great Looking great Now if you weathered that and you you scaled in here Here and here You're looking pretty good, you know and you'd be looking forward to maybe taking boy I would be you know taking my profit up here at at 64 at least More than half of the position here at that point Let's say two out of the three contracts And then hold one one runner here because it's you know, this is still looking pretty strong And this could turn into that bigger mean reversion play God has already done it Really, so yeah, I don't know Yeah, I would hold a runner my stop was certainly be at break even on this Hey Floyd, does that does that help you? I know I know you said you need some practice in here, but Oh, you're welcome No, I know you you you're a You've been in here a lot, so there's a good question Anyway scaling in guys. I mean this is way more advanced I would you know, there's a lot to a lot of things that you you really have to be very knowledgeable about what you're looking for in your setup and You know it can hurt you can get hurt pretty easily so Be careful with it, but Boy Scott covers it as well. You when you when you see that start to unfold You know you can really you really make them a lot of money That can be you can make your month. It could make your year And now this is just a small example. I mean you're you're a higher time frame example Would be you know the way Scott looks at it like Some of these bigger ranges like on the hourly and then these drops like this and scaling in along the way my god Yeah, you just be you know tens of thousands hundreds of thousands of dollars Anyway guys Let's wrap it up. We'll call it a day. Thanks everybody for coming. Don't forget to hit that like button hit the subscribe button here That's what allows us here is the fuel for us So yeah, please please hit that subscribe button. Let's take another peek at the trader map pro again Well, here it is guys. I mean like what more do we need to say here's 66? Right, that's the target All right, and then 75 as well up here so this trader map pro I like it more and more When I look at it, it's just it's amazing. They're down here way down here at 38 62 Not 39 62 38 62 on the bid They're on the offer up here at our 66 level. Okay, that's our main target here And then we also said 75. Well, it's up here Right, so and that's a low volume node here For it was at least It was at least on the on the trader map pro We'll talk more about this again like that the trader map pro because I want to talk about gaps maybe maybe maybe a little bit tomorrow, but We're gonna we're gonna talk more about gap fills and What that kind of looks like because you can even make a case for some of these strong moves as being kind of like a gap okay, but You know just kind of if we take away the insignificant volume And we look at the the bigger volume you can look at these as being gaps guys this Yeah, it hit the 64 already And still we know the high liquidity is up here at 66. So I'm still looking for that to unfold 9-11 nut Let's see you just signed up last night bought global plus and live data cannot make this work Yeah, reach out to support they can remote in they can help you and Get you up and running you need to have data It looks like I don't know what live data you're work working with We if it's futures we recommend rhythmic Okay, if it stocks then there's there's a couple choices. You have DX feed as well as Omni feed They're both excellent. Okay, so And for futures yeah, you can connect to CQG and DX feed and others I just recommend we recommend the rhythmic because You don't need to download rhythmic to your to your Mac. You just need to connect to it. You just that's all All right, so we recommend it because the MBO data in this trader map pro As well as stops and icebergs. They will not work unless you have rhythmic data and trade CME group futures all right Okay guys, well, thanks so much for coming we'll have J trader tomorrow and But we'll go through and maybe kind of review because he comes in a little bit later Which is great. It sets us up very nicely to Cover the market in general So you get that bigger picture and then he'll come in and look at some stocks and trade them. All right. Thanks everybody Don't forget to subscribe. I hit the like button likes are free And then we will catch up with you tomorrow. Okay. Yep. Thank you. Bye. Bye