 Okay, good morning. Good morning traders and welcome to the Bookmap all markets webinar. This is Bruce at bookmap. I'll be your host today As I am on Monday Tuesdays and Fridays 10 a.m. Now a note on that right off the bat Is that the am now a note on that right up is that we will not have Any events on Monday and Tuesday Except for the Brazilian market and the Indian market, right? So what reason being is a US holiday 4th of July? enjoy your time off We just don't think there's gonna be much. It's like a half day on Monday or something. So It's really not worth it. It's much more worth it to enjoy the time off. All right, so anyway I'm the bookmap lead educator here and We have many different traders and My job here is to support and go through Market micro structure to train and to educate everybody and to pass that baton on to our many different educators So let me show you for example, and I'm very proud of this that we have this and we offer this to you From our book map comm slash learning dash center if you come here. It's from Let me show you where from book map comm And then the more button here and then go to learning center. Hey, that'll open up the learning center here and Scroll down a little bit and then you'll see all of the streamers that we have here is fantastic, right? Scott Pulsini J Trader Tom B. Doug alga boys Fausto options millionaires John Slazas and many more here and also in German in Spanish in Portuguese in Hindi in Arabic so I really very very happy to Offer this to you guys and then underneath here. You'll see the events in the schedule here on the calendar all right, so anyway, that's The different educators that we have here and then yeah You can reach me at Bruce at book map on our book map discord channel and then my Twitter handled us at flow order General disclosure our book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves a substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Alright, so let's jump in here to take a look at these markets Looking at the S&P e-mini. We got a request to take a look at the Russell. So we will And let me know if there's any other markets. This is the all markets webinar All right, so we'll look at crypto. We'll look at stocks. We'll look at other futures markets Anything that I have access to Now I also want to mention something here. Good morning, bbm. Good morning, Louise and Wanted to mention we just launched this And I'll put the link into the chat for you It is the book map Academy. So Yeah, there's this is the only link to it so this is What I'll provide you book map.com slash Academy or EN slash Academy English and We can talk about this what it is exactly, but this is basically an on-ramp for you guys If you want to become more professional trader here elevate your trading skills via Documentation and generalization of your trading activity You will share that with others. You will meet other like-minded traders. You will improve due to your documentation and You if you meet some requirements in here go through the steps here. How do you join? 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This is after you have learned about trading learned how to Properly document and You've honed your strategies then in the book map Academy you continue to hone your strategies and then you can pay some of this back and Get even better at your strategies because in our belief is that the more that you Present and Have to articulate to others about your trading strategies the better you're going to get at your own trading strategies All right, so the coaches would come back in here and help the book map junior Academy guys If you do that will give you also free market data along with book map global plus and add-ons And then if you continue to do that at a very nice Level you can move on to the book map Academy streamers We already have three different guys streaming right now That have made it to through this program here. Okay now the program is now publicly launched But we kind of had this running in the background for for a couple of years but basically the Streamers in here one we just added which is Moby he will be on Wednesdays and Friday mornings East Coast time Doug and Tom are both from the book map Academy programs right so Basically, this is like a farm club here for us using this Academy for baseball analogy here And it's an on ramp for you guys. So if you're interested in this it's free You can get started here. You sign up here. You can read more about the frequently asked questions here And then you'll just join basically what you'll do is you'll join into our Discord channel and and then you will request a Spreadsheet in there to document your trading activity. That's it. It's free And you can get started. All right So you will need to have book map and it is about book map content that will help others Understand how you're trading as well. All right guys enough on that. Let's jump into these markets and see what's happening here We're just trading up into high liquidity here at 44 85 this is Looks like a pretty key level to me, but let's let's jump back here. We have 4500 up here Let's jump back though and take a look here at the bigger picture at our candlestick charts And we just need to do this. We need to get an understanding of what this means in context here so we have on the left side here of the the Daily candlestick chart in the middle is the hourly and then we have the 15 minute on the right All right, so what do we see here? Well on the daily? This is clearly a strong bullish day to the upside And where are we going? Well right up into these wicks here where this pulled back Now we talked about this. We have to even go back to the weekly chart here And let's expand this this chart out. It's turning into a beautiful reversal pattern here I don't know about though this this as a as a strong reversal whatsoever I mean, yeah, we see some some pretty strong weeks in here. This let the last like month was been very strong And we were all over that watching this looking for it to come up into this wick in here Then one day it broke through that wick So we're looking for it to go higher up into these wicks here and that's where we're approaching right now So we are approaching this previous high here from two weeks ago 4486 or so something like that and we're getting there right so I'm looking for a test into it and we can see that a lot of other trade it well We're almost there. We can see a lot of other traders are thinking the same thing With their high liquidity here in the order book. So we're already making a reference To and understanding The condition of the the auction here seems to be a lot of sellers up here Right. So are we going to trade into it? Are we going to trade through it? That's when we'll dig in and and look in deeper here to see what's happening. So We'll look at these details in here I can't wait because we're already seeing a lot of liquidity already trading here and we want to understand the context Is there still more buying pressure or did all of these limit sell orders? Really absorb all of that buying pressure and that's what we'll determine But we'll let's just come back here again to the higher timeframe candlestick charts because we want to understand our levels We want to focus on these higher timeframe levels and what we anticipate around those those areas then We're going to look at the order flow to give us insight to what's happening at those levels And that's where we're going to get insight to what direction price may go all right, so This is the Weekly chart. So we're still looking for continuation here. I want to cover this though on the daily Which I think is very important to cover Regardless of this being a gap in here We already know that And we're looking actually to see if this would fill more of that gap it filled a little bit of it but not much in here so Enough to go below these swings and then find buyers a pretty typical Now I just want to cover this pattern here because we're going to see it in the order flow This is on the daily chart is some really beautiful Continuation patterns in particular a flag pattern a so strong move Look at this very very mild pullback in here followed by a really strong move And then we got another pullback. I thought and was I was looking at and speculating that Because We're getting up into these areas here This is enough to find enough sellers to drive it back down and retest down here around 43 20 and here's what we're learning from that It's a mild pullback. Okay, we have one two three four five out of the six days were down days on the daily chart But all it did all price did was go back and retest below these swings here And then we can see buyers coming in hand over fist four days to the upside here Right. So this is strong. These are strong moves And we will look for continuation of these strong moves Until we see something different. I was anticipating and speculating that once we drop and close below here that we might get the gap fill and We just didn't this was Opportunity for buyers that wanted to buy and thinking price is going to go higher and so far so good Okay, so that's what we can learn and pull away from This daily chart All right, so it is obviously an outside day already But we've already probably hit an You know an average daily range Or exceeded it So I am starting to look at these wicks up in here in terms of I mean, yes We're looking for trend continuation, but we've already continued quite a bit. I need a bit of a pullback here So we're up into these wicks on the hourly as you can see and you can see the gap in here All right, so we'll go with the trend until we see something else all three Charts here are very bullish. Here's the candlestick chart on the 15 minute and we're still going to the upside All right, so until we see something different. We continue to look for that move And now we come back into book map. That's exactly what's been happening All right, so now let's take a bigger picture to step back in the order flow here And then understand what's going on well clearly a strong move and We had data 8 8 30 or I'm sorry We have data here at 10, but we add data at 8 30 Which was the the important number was the PCE and we can see the move here It was the move the data was on target, but the reaction to it was very very bullish as you guys can see so We get the continuation move right now what we want to understand here is like how is it trading up here? Okay, because without understanding this in the order flow, we just see this It's like yeah, well, we're looking for the continuation move as well But we're starting to know note that it is an extended move it is you know Relative to the other daily moves. This is a big move and Yeah, I would start to look for Reasons to for a slowdown or turn around and a pullback into some of these areas here And I do not see it yet. However, let's put the pieces together Okay, one is we look at the volume in here or the higher highs, etc So that's been strong. Okay, no question there, but now look at the traded volume up here Okay, look at the move down here and look at how we see yeah, there's some big sellers Maybe in some of these areas, but we're seeing more buyers more aggressive Market buy orders Transacting at higher highs very consistently through here. And now we're seeing that as well We're breaking out of our area here. However, we're starting to note look in this area in particular There's a lot of sellers in here Right so we can see that and we can look at the bars as well Not just the dots we can look at the volume Delta bars that I have down here. So I would actually anticipate this strong move here or this breakout here Not to be so many new New buyers coming in But a stop run here and it we do see a stop run. It's not that big, but we do see a stop run here and Maybe maybe you can push again on another stop run, but We're starting to note a lot of sellers up here Compared to the buyers in command of this move here, right? So that's a difference All right, so we can put that into our bag number two Let's look at the the order flow in here. Okay, so the historical order flow and We can see that we traded into high liquidity here at 82 83 84 84 and a half and 85 Okay, so we're starting to kind of slow down a little bit here. We're starting to see This liquidity transact. This is another step to look at here All right, so now we can add another one in here. Look at this. This just came in to the market High liquidity on the offer getting filled on the way up All right, so we see yet again now these guys pulled in here and we see some algorithmic activity in here clearly and But these guys transacted up in this area up in here and they're on the bit on the offer again At the same level. Hey, we're starting to find sellers now Hey, I'm looking for these sellers to drive it back to retest some of these areas now We're breaking this swing low here This little swing We can also look at our trend line in here And we're starting to break that as well Okay, so we're starting to see maybe a move back down into our 43 50 swing here the next one is down here at 482 50 here Okay, so Yeah, and we're just below this one I imagine probably gonna get a pullback to 85 here But we'll see maybe sellers just come in and move it right back down to this swing here At 82 and a half and we're just about there So what all right. Yeah, I would anticipate a pullback down here Okay, because of the swing, I don't see much liquidity in here But I imagine we're gonna hit some stops Maybe and then get maybe a pullback up to our maybe 84 85 levels in here 84 and a quarter 85 right, so Yeah, anyway, that's that's what we see at the moment here, right now This was We we were looking for continuation and we stay with that until we see something different. We're seeing something different All right, so and we were looking for that different thing to unfold here due to all of the Different bullet points. We just went through All right, so this is how you can start to read and put pieces together for Your benefit trading and using book map here, right so we can see the And start to anticipate these moves in here Right and what what they might look like now. How do you come in here and manage the trade? What what's your? You know methodology in here for entry and and trade management and exit so The there's so many ways to kind of slice and dice it in here But once you start to see some of these things unfold And then you start to see sellers and they are breaking structure. We can just start with that Breaking structure. That's a good one And it will start with micro structure. It always does it has to And then it will break the bigger structure Okay, now the micro structure is Right here. Hey, this is pretty easy to read in terms of micro structure. Here's our breakout here Okay, and we noted it was a stop run And it's up into high liquidity over here Okay, so we have we have a lot of pieces here moving together High liquidity high liquidity high liquidity high liquidity high liquidity all being filled on the way up We're at an ADR We are we see a stop run And we're looking for that continuation until we see something different and then we we note that stop run We're starting to see sellers now. They break the swing here That's when we noticed it and that's when we started to look for 80 two and a half and lower to start to transact All right, so And the first swing here would be 84 here All right, so That's how you can start to put these pieces together Now, how would you get involved in this? All right? Well, you could you could look at something like this You could you could get involved here when you start to see those sellers come in because we would look for that and we would look for Them to take it down or sellers to drive and try to drive it away from here and retest Some of the market structure down here And that's where you can manage and take some off in your trade It depends on your time frame. Okay, if it's a smaller time frame and you're looking at exiting here at 82 all together Okay, then then yeah, maybe taking some off up here is a good idea Right and then move your stop down and maybe to break even For the next leg or maybe break even overall position. All right, so that can be very helpful and again We're what we're doing in here is and this is really important to understand we are going through a process And these are just concepts and ideas. It is not a trade recommendation You can digest these concepts and these ideas in here Go back and study it and you can develop your own trading plan and then you own it and Then you own these gains you own If it gets stopped out, you also own that one too. All right So that's where you you will need to do this yourself. We'll need to put these pieces together. That's how it's done and Now you have a trading plan that you have back tested and studied and Now you can start to develop odds around it and you know if you have higher probability of it working out or not All right, so there in is encapsulated a trading plan right there But you need to write it out yourself and go back and study it So what these webinars are for here is for you to give you guys ideas or ladies and gentlemen in here and And then to take those ideas forward Maybe this is not for you Maybe you want something simpler. Maybe you want to look at CVD around these areas doesn't matter Whatever works for you, right? Tesla, yeah, we can take a look at Tesla as well. And I Mentioned to Stan. He wanted to look at RTY so we will definitely look at that as well All right, so let's jump over there and yeah, good morning everybody over in discord Yeah, the NQ. Yeah, we can take a look at that as well. No, no problem I just wanted to go through this whole process in here for The ES since and that's that's the higher time frame candlestick chart that I have here as well Okay, now does it make sense here? I mean, we're we're drilling down. We're using actually The same process here as we would in book map at micro level Or micro structural levels That you know, you know, we look for these turn turnarounds Due to the order flow and then where price might go due to the order flow and the behavior of these traders in here We are taking that and just moving it to the higher time frame And we're doing the exact same thing like this big flag pattern here, which may turn into a double top We don't know right But we can see that it is clearly buyers in control. These are not this is a pretty mild pullback And then buyers come in hand over fist again on the daily right, so We can extrapolate that into this here like here. We see you know buyers come in Here's our pullback and buyers coming in again or you know sellers come in pullback sellers come in again This one did three legs to the downside Okay, now this is the pullback we were looking for earlier back to about 85 here again for reasons This is where we see a little bit of a jag here and sellers took it down And we also have high liquidity here at 85 So we would look for this being a probable area for buyers to retest All right, so anyway, just understanding this behavior in here. You'll be amazed at what kind of Things you'll learn about the market and the things you're learning about the market are quite objective There's high liquidity here. They were taken on by buyers now We want to understand if they're still more buying pressure or did it exhaust up here? There's a little bit looks like it's exhausting though. Do we see sellers down here a little bit not yet? Let's get we're getting a bit of a retest. Do I see buyers? No, do I see sellers here again? Let's see if I do I'm looking for them to come down into maybe 83 and a quarter or 82 again Same process, right, so Anyway All right, let's let's jump back into And let me know if you have any questions on this But let's jump back into our Russell. That was the first thing Stan wanted to take a look at that here we go Stan and Interesting moves on the on the Russell. It's always interesting to look at the Russell Compared to these stock indexes. I mean just look at this compared to yes It is really sideways action here. It's all over the place Here's our data 830 move to the upside that was bullish at least and that it has in common We get the pullback here bulls come back up. Look at the buying up in here Okay, or the lack of buying up in here above the swing too. This is where you're you'll get your CVD readings in here I know I don't know if you look at much of that Stan, which I I'd prefer you don't but you know, whatever It just it goes over the point That there's less buying Clearly and it made a higher high All right, so we see the sellers come in at 930 and move that market lower Okay, then they they move it lower again And we come back down into this swing low here around Oh four and a half and then we see buyers come back in Okay, and it's been really back and forth in here. Yeah, we had the U of M Sentiment in here consumer sentiment 10 o'clock we see that a lot of pulled liquidity and then you can see that buyers starting to come in and We have the book behind us here as well. Oh, yeah, let's see if these buyers can reach back up to the swing here I like this idea here And maybe they can reach up to 15 as well, which would be high of the day Right. It's pretty strong buying coming back in Again CVD you're gonna see this you don't need to look at CVD to understand that right you can see it here It's very very clear. This is the selling and Just look at the dots and the color and the size And this is the buying coming in Wow Great. All right, so buyers. I would imagine they should be able to reach 15 No problem or 13 and then I think they can break out to 15. There is a lot of pressure in Okay, so let's zoom in a little closer though and understand who's on the other side of the trade Okay, high liquidity here at this a lot or 12. They're just trading into it now. Book is still on our side here Hey, but we do see the Still more liquidity up here. We'd like to see these guys Get out of the way and the book to come in the opposite It's kind of happening right now the book is pulling here on the bid and they stayed in here on The on the offer right so now we can see sellers coming in Hey, but we're still looking for we know that this is still a lot of buying pressure So we're retesting where it broke out from and Let's see if we can get back up into here Again, okay the swing high at round 12. All right, that's what I see so far in the in the Russell and One of the things to note in here, too, like well, we have a high volume node that you can look at and This is this is surprising To see I'm just I was just looking for the break below here and then the move back up This is where you have to get to know your instruments as well. The Russell will do it's like this Hey, so I Now you can be a buyer down here though So, you know, this is where you're buying up at a pretty lofty area Some market structure to to take a look at now. That's hindsight, but I should have seen that earlier But now we have market structure down here. Right, so I'm looking for buyers sellers to Step away And I'm looking for profit-taking to come in and then I'm looking for buyers to come in as well Okay, so I would be looking for the move right back to 10 first where it dropped from And then maybe we can get back up into the swing high up here We can look at 11 and 11.7 or or eight or something like that and You know, this is what happened. Okay, so still looking for it But a seller came in here and just dumped now. This is an aggressor And this this we just never know when it's gonna happen We know that's gonna be a stop run as well And funny enough it is not so it's purely purely just a larger player dumping a Hitting market sell button with a lot of size Okay, it's not a stop run morning Hector Okay, so now we're down to this swing here Okay, so I was looking for profit-taking here because we know this was some bullish activity This seller here was able to drive it lower and that's what happened I'm looking for buyers to test this seller though. We'll see Now we didn't know that was gonna happen, right? We were looking for a bounce here for the reasons that we just spoke of So how do you guard against that you just get out of the trade? Right in terms of trade management again. We're not recommending trades nor trading styles it is a Consideration here, you know, you've got to do that work that ground work But who's to say like maybe a seller has massive size in here clearly they did here And and move that market lower And and we're able to move it lower again. Who knows they may came come in yet again and do the same exact thing down here Okay, and if they do well, they're controlling that market really We're looking for the swing down to the low of the day here at that point Yeah, this was looking like really at that point and that time. This was looking really good Hey, we didn't have a whole lot of seller. Look at all the buying look at the Delta in here And then we got up here They traded in this liquidity and got a pullback. I'm still looking for buyers and Maybe maybe below this swing here and then looking for for those buyers to come in and the sellers just dropped it Okay, now this this market is going to be a lot different than S&P there will be some similarities here especially with that larger player it looks like but You know, we see really bullish activity here in the S&P, right? or the the the Nasdaq I'm sorry the Russell is was more sideways than anything. All right, let's get back to YouTube here a Rune, can we understand the colors and shading better? Yeah, sure. So it's very simple or let's just zoom in here All right, and then let me pull back a little bit All right, so see the 8175 up here is this yellow color It's 205 contracts Okay, COB column stands for current order book This color here in the heat map and this is zoom or vertically by left-click holding and dragging on ice ladder Here's 237 down here All right, so You know 20 22 more contracts and it's this red or oranges color here compared to this yellow color here So that's That's the heat map here. It is in the top center of the chart the scale Very high liquidity is red and orange then followed by yellow then white blue and then black is the least amount And you can verify it here. Okay, so this you know kind of bluish color in here is 154 a little darker blue or Same blue color right here 154 Darker blue 138 143 That's it and we just we just take that from the current market here and then Projected on the chart historically. So see see this high liquidity coming in the market right now. Look at this It's recorded and Now we have a transaction that took place in here as well into that high liquidity So we've recorded it all now you understand what happened here precisely what happened Hey now We saw we found some sellers here And you we would typically look for sellers to continue, but I'm not really seeing that Right, so I'm actually looking for buyers up here at oh two and a half or eighty two and a half If we can get that then I think we can we can get maybe a short squeeze and move on up into eighty three and a half eighty four And that would be a scenario. That's what we're outlining here by reading the order flow And in particular we're reading this in here Hey now now I'm not seeing those buyers right now. I do see a little bit of support here at 81 and a half Hey, or a little bit of demand here and This is difficult. This is really difficult to read here again We don't know when this is gonna happen. We don't have any insight at all. It's a larger player They swept the order book lower And we have a stop run in here as well Hey What we can say safeguard ourselves against in here on moves like that is how have they been doing them previously? Yes, right here. We noticed it also in the Russell Okay, and the Russell we were actually looking for them to maybe come in again, and they did okay So here's our big move here. I here is another one here. So that you can You start to see that behavior and you get caught up in it And what's that what's going on in here? Well, we're starting to Understand a particular larger player I believe and their behavior is They're coming in as you're just they're just selling Hey, and they're moving the market lower though Right. So now can one player move this whole market. Well, it can certainly shift the tide Now it did move the market, but this could be so short-lived Right this book sweep here And this massive selling that just comes into the market. It can be so short-lived We don't know what's gonna happen. We might find buyers say yeah, that's great You know, all right. It was a stop. Let's say it's a stop run, which it was not if it was a stop run and We can look for buyers to come in back up above here this o9 0.5 area here and then look for them to continue because here would be a discount for them But they're not buying and we don't see a lot of traders buying. Okay, they're not really too interested in it They just kind of let it slide away And then we see that behavior of that seller come in yet again And we don't know if it's the same one or not, but it looks pretty pretty suspicious Conspicuous that it's the other same trader Okay So I hope I answer your question Arun and then some About this behavior Yeah, that made things a pretty tricky to read now And what what I wanted to get at here was that this selling in here Yeah, it might be short-lived Right, and then you'll find buyers scoop it up at a certain point. However This larger player can maybe have enough reach and influence if it is in line with the market sentiment That they they dump first and others start to follow And they pick up on that And then we have a shift and more more sellers start to come in and they it shifts from a bullish to a bearish Sentiment we've seen that happen many times unfold Okay, so right now look look what's unfolding now in the Russell Hey, we have that we have our buyers above this selling or trying to get above it right here And looking pretty good So I would look for a buyer more buyers in here now We'll see maybe the seller comes in again We have to be aware of that and you might get slipped and you might get slipped down to like 05 or lower But I would look for buyers in here right now to lift the offer up into this swing up here Hey, because after this selling Someone's starting to think well, maybe we can scoop this up This is a this is a good time to buy All right, so let's read it here and let's see so it was kind of short lived They did not buy back up in here. Okay getting another rotation though Let's see if we get our buyers up here at 06 and a half And we didn't we didn't all right, so sellers now have the door open To now hit it into 05 here And the book looks pretty good here Let's see these sellers come in there we go and they're see how they're pulling here at 05 They're adding on the on the offer here And looking for more sellers looking for the move into 05 And then that's where I would be taking some off And then looking for the continuation of them. All right, we we tried to reread, you know buyers coming in here Right, and then the back and forth and we're like, oh, wait a minute some exhaustion here. That's not looking good and then And then we started to read the order book in here And then started to note that yeah, we're looking for our sellers to take it down to 05 Okay, and then reduce some risk there at that point and it's already traded 05 just nine contracts There there we go. There's 05 through it Okay, looking for the continuation Lower here. We're you know going to Lowe's of the day here And then maybe continuation below as well Arun, let's see. Yes. Thanks. How does the order flow over they? It's like VWAP and oh, it's great. That's the Arun. That's exactly what you want to piece together All right, let's just add VWAP here for example now my VWAP might be different than yours Okay Because let's see. I think I have it reset at the cash open If I don't I will do that now. So then maybe we can look at the same one Go All right, so now it reset here at 930. This is the VWAP that I have now. How can you use this? Well, this is not bad right here. Hey, look at buyers above it And then sellers below it So this is kind of turning into a Kind of an important line here. I actually like this line better here at 08 and a half and the Because there's certainly buyers above it and it matches with this kind of consolidation structure buyers above it Sellers down into it and below it now. They are continuation move here below 05 is continuing. So That's still looking good and I'd still look to hold this Right now. We saw this in here with these buyers. We gave them a chance. They just didn't deliver And we had our exhaustion. We had our sellers. That's when we're starting to look for for the move into 05 And then the continuation so this would be what you would do Arun or anyone With whatever you're looking at cumulative volume Delta moving average a trend line We can add trend lines in here. No problem You're looking for what is what is the condition of the auction and the behavior of the traders? Around your areas of interest. That's how you piece it together Okay, so if you don't see enough volume back up above your VWAP here Then and you start to see sellers back down below it Maybe it looks like you can look for a drive away from the VWAP now. I don't know. Maybe you you also have an ATR I'm sorry a Standard deviation on your VWAP. Maybe it's down here. Maybe it's at the figure Okay, so and maybe you've tested this strategy That's the important thing. Have you tested your strategy? Is it coming back down into something you know? You can get a bounce out of an area Okay, now match it up with some things. Hey, what's the order book look like? You know, what's you can see that we're trading into the figure just here and I Don't see anyone Absorbing on the bid at all And so I do see some buying coming in here. We might get a mild pullback might come back to o4 here but Yeah, we stick with it until we see something else. Hey, we're also seeing buyers supporting it here underneath We are getting that pullback right now And we look for these areas in here. This is not a bad area right here, but I also this is a better one up here around it's actually oh three point eight Arun does that make sense? You know so no matter what it is that you're looking at you can you can also Look at your trend lines or horizontal lines Let's look at a small trend line in here and just go over the point Okay, so we're looking at a trend line here. Hey, do we get we're looking at we want to see in a trend, right? We want to see Maybe support in the book here. Well, we got that and we want to see more buyers at higher highs We got that so we're still looking for our or and we're already there Hey, we were looking for it back in here potentially Hey now we didn't see in here. We didn't have all the pieces for this move here Hey, but anyway, let me go over this this trend line. Hey now it's being tested Hey, do we have our buyers up here? Yeah a little bit. Hey, it looks a little back and forth to me Hey, we are breaking that trend line now Hey, there's some exhaustion Let's let's see if we get some sellers and then we'd look for them to move it down to oh three and a half Hey, this liquidity And this little area here, maybe they broke out from matches nicely with the liquidity Okay, let's see exhaustion again sellers. Yep sellers bring it back down. See Does that make sense? We just went through the process one two three Hey looking for buyers up here didn't get them. Do we get sellers? Yes, we're looking for the move where oh three and a half here And that's it takes them off and then maybe hold as a way to possibly manage your trade Okay, our trend line broke then we're looking for these these points in here. Okay, we're not looking for one point Hey, I think some some Some traders in our discord got back to I recall some seen something in there about like yeah one point is great But it's not enough Right. So, how do you know if this trend line is going to break? Well start to understand this auction process in here Hey, that's how you do it. That's how you can look for something that is higher probability It's as simple as that Hey understanding the condition of the or the behavior of the of the traders Condition of the auction Okay, now we're back up here Hey, do we do we see more buyers at this higher high not yet And what's the order book telling us here? So this is let's go through a double top example here Well, I'm not seeing buyers yet Hey, do I see some sellers in here? It's kind of back and forth Now there is a little bit of support at 04 now a lot more. Do we get a lot of buyers though? No, I'm not touching this. I am not looking for this to break out now It might But this is not giving me a good feeling here Right, so now here's a retest and it's trying again and it has more support on the bid here And we're getting a few more buyers now. It's looking better actually So now I like it better, but this is a little too high for me. I Don't want to put risk on up here. So I'm gonna stay away from it Hey, but it might come up into 06 07 up here. All right, we can go back to our trend line study same ideas. Oops Same ideas same concepts Yeah Arun, let me show you where you can go to learn more about all of this and we're gonna have more videos on strategy and setups In the coming months, right? But go to the learning center they go to book map calm click on the more button go to the learning center in the learning center here There's a market mechanics course that will help you Okay, we have a getting started course that will help you on learning all about all the features in book map And then we have getting connected video videos here On how to connect book map to data Okay, we also have order flow phenomena videos add-ons and then some insights And then like we started off the webinar. We have all sorts of events in here every day So for today for example here Let's see. So I'm presenting here. We have Paco in Portuguese in another half hour We also have Tom B at that time Frank Moreno in in Spanish at one And then at 130 we have Doug with options and then the Alago boys Take us into the close from 230 onward Hey, come in here. Look at how they're trading and using book map as well And maybe what I'm talking about doesn't really fit your style. Maybe their style fits better Okay, so Anyway, guys. Yeah, now we're breaking that trend line And we look at look at the order book in here And I rustled it will do this to you a NASDAQ will do this to you It'll move before you get get to the point Sellers come in that they're controlling it in this little area of consolidation and Then where are the buyers here again? Do I see buyers? Do I see buyers? Do I see buyers? No, no, and no Do I see some selling? Yeah a little bit a little bit Looking a little bit better and also making selling at this low here And then looking for the break And looking for where where to go. Well, how about use ATR? Or, you know a range of measured move in here So here's here's a possible way to consider taking some profit and managing your trade as well Hey, do you have high liquidity down here? Yeah, you do So you can take some off down here reduce your risk Move your stop and look for it to move Right in this case You made a good decision Could have been stopped out, but you're looking for a higher probability of this to work due to What the participants are telling us in this area here? Okay, so Go through these examples go through this video again It's recorded and then go through it again and then You know hey reach out to us on discord and I'll provide this This this feed here for you if you want to replay it and replay mode right So I'll go you can then you can watch the video or the recording of this webinar and you can replay it and replay mode again And again and again Right until you look at it and recognize that you have an edge That's what we're here for Right, and then we go over different ways of potentially managing that edge, which is The other these are the two most important factors of trading my opinion So we reduced some some Took some profit here Holding looking for maybe down below this swing and maybe you got stopped out of break even Right, or maybe you look for this, you know all sorts of different ways We haven't talked about a lot of the ways of managing your winners Getting out in some of the areas true that that we've talked about a lot. You can also manage it the same way you can even reverse Right if you're if if you're for you if you feel comfortable about things like that Now this is extremely easy for me to do in hindsight. No question However, we do it in real time as well Done it already several times today I'm looking for sellers to come in here. I see the big transaction here I'm looking for them to drop it and then we get read to retest in here. Where are the sellers? None at least if they're still in this trend, I would look for sellers off of that trend line instead. We're getting buyers Okay, so that you could exit your trade here Now you don't know maybe it just pops up a tick and then sellers come in hand over fist and then move it That's the risk you take but you have reasons in here and Honestly, it's there's not a whole lot of reasons It would be great if they saw high liquidity getting filled in here But we don't Right. So you could have you could have reasons that you see the aggressors moving in though You could have reasons for this potentially to pull back into these areas here. I'm potentially reverse as well But since I don't have all the pieces in here. I don't have liquidity Getting filled on the bid. I do see the exhaustion here. I do see the buyers here and here Yeah, I would look for a pullback here But it they continued Traders continued to buy at higher highs here and move it's higher All right, and you do have the trend line break too So you do have some things you just don't have all the pieces here Anyway See here. I've been ranting just ranting today guys. Sorry about that. I Just we just see good stuff all the time This is we don't even go over the Russell very often. I promise we go over Tesla. So let's jump over there And we'll also look at the Nasdaq right You're welcome Stan Yeah, the Tesla Yeah, really really bullish guys look at this in here. We've seen this in Tesla Now, I would recommend taking a look at Tesla on the bigger picture. In fact, let me go to that here hold on And just take a look at a simple candlestick chart Okay on a daily And we'll see what's going on. Yeah, because it's pretty bullish here I'll tell you why and here's the daily. It's not much of a move today But I'd be watching very closely this swing right here at 264 and And a half or I don't know somewhere around there 265 something like that, right? Well, here's 264 There's 265 up here Yeah, now why I think this is bullish in here look at the Delta down here in the dots And there's sellers in here, but the overall is a pretty pretty bullish here Right, so we're just looking for pullbacks and continuation pullbacks and continuation And it has pulled back already to tops of these areas in here so sample here and then we have a structure in here and Yeah, it's true that the structure in here is kind of a reversal like It's making higher highs in here into high liquidity here and here And then it goes back and forth makes an equal high here And we find sellers and they actually break the structure here And we come back up. So they're Market structure wise We are not as bullish then We're looking to break this swing up here on pretty strong by volume and I don't see that quite yet but that's what I'd be looking for and a Lot of times you might see some sort of reversal pattern and what unfolds here Is something like this now you get your move up your reversal pattern and Then you'll get the move like one down you get your pullback you get leg two down and it fails to continue Right, and you'll get your move back up and then you can get your continuation If this happens frequently on all in all markets So keep an eye out for that potentially happening here In Tesla, but it is undeniable that there is a lot of buying in here The daily chart though they need to you know, we need to see some buying up above this Well into the swing here and then try to get back up into this swing up up above here on the daily And but so far so good I mean, it's I'm just looking I would look for just the test up here to begin with The day is bullish so far Right Do you or others do this learning session daily Arun? We started the webinar off talking all about that from the learning center and the calendar Okay, so again from the learning center You'll you can you can if you're new here just click on the join free live events here It'll scroll you down to our calendar And as I mentioned we have Today so I'm doing all markets. We have Tom B Frank Murray or Paco Tom B Frank Moreno Doug and then algo boys. So for the rest of the day, there are our live streamers They're gonna go over different styles of trading And so maybe you find something that that you like in there. Oh, you're welcome Alexander All right, let's jump back and look at NASDAQ as well. Let's take a one one peek to see it to Now that you got me curious Stan on this On this Russell here I'm not I'm not seeing the but I see buyers here, but I don't see him here Right and it made a lower High here. So I'd look for the I mean, it's already done it But I would actually look for see if we can get a bit more selling in here and drop it down to this swing here Hey, maybe maybe all the way back down here But Yeah, I'm not really seeing much at the moment Right NASDAQ. Let's see what's happened in there Okay, NASDAQ looks a lot more like the ES Double-check that yes. Yes might have pulled back quite a bit. No, it's pretty similar Okay, and what do we see here in the NASDAQ back to? Eat map store Values, okay Now you the NASDAQ even failed to do it an equal top, right? We got a nice equal top here on the On the ES this this is weaker here. Well, it's pretty back and forth but The strong selling is here and then strong buying failed to reach a higher high and And it's really back and forth in here So we're gonna get a break one way the other here pretty soon. I imagine I the quitty getting filled in here and here Yeah, it's not much to look at here But let's go through it again. Same. Let's just look at trend lines again in here Or we can look at you know candle patterns, whatever you guys like But Take a look at some trend lines Why it is not much guys really I don't see much Okay, here come our buyers now. They're just trading up to this swing though Now they're through it now they're through it Okay up to this swing here And yeah, there's a strong move by the buy side. I would look for a pullback though Maybe can come right back down to 42 and a half It's gonna be a stop run to is but it's not that big Okay, let's see if we get more if we maybe we get more buyers up here And then back to 50 350 and then maybe back up to 52 and a half higher Our pullback that I was looking for very very mild in here very mild So now buyers up at 50 now. This is a this is a tough read I mean like what do we have what kind of pieces do we have here for this to unfold? Not not a whole lot not a whole lot of the quitty getting filled in here Uh, this is very back and forth in here buyer sellers buyer sellers We do have a little bit of structure in here, but That is is bullish Yeah, the only thing we could really hang our hats on in here was that we were looking for the pullback immediately I thought we'd get it back down to about 42 and a half where it broke from This was the pullback here and then we saw more buyers up up here again So then I'm looking for the flag pattern to kind of unfold Um, I just don't see much to hang my hat on in here either though Yeah, you know, there's more buyers here, but there's some sellers in here too And it can easily just start going back and forth in this range here So it could go from this range here into this range here But broke out from it This is you know, this is a good momentum move Uh, I just don't see a lot to give us insight on the order book here to help us To give us something that is higher higher more likely to unfold Now we're getting our deeper pullback here Okay, and a lower high There's some exhaustion now. Do we get sellers here? All right if we do Then I would look for the sellers to drop it to here Then maybe back down to here and maybe we can even get back down to our 42 and a half Area that we were originally looking for Trying this move played out And again guys this nasdaq is it's really kind of sloshing around back and forth In in my opinion I do not see a lot of support Uh, or supply and demand here in the order book. See how it's dark in here It's just going back and forth in here. Yeah, we're looking for the move lower Due to this really it's it's really this in here After after this played out up to the swing then we saw this and we saw that selling coming in Retests and then looking for it to go lower. This one looks pretty good here We got a double top kind of here and we've got a double top here Looking for our sellers looking for a drop It's not much though Okay, we don't have anything in the order book that helps us here Um, I don't know Arun. You might be able to program your trend lines just by looking at swings Within a certain period Because you know, I was talking about here comes our move and it back into 42 and a half Um, you know, I was I was talking about and and we can look for some support here as well potentially Right, we do have this trend line here. I don't see it yet Now one one thing to look for too is after a stop run look for the move back up above the stop run Okay, which would be here And we look for our cluster of buyers here And then we can get maybe the move up into here or here okay and This is again. This is something I just we're looking for it. I just don't see A lot going on in here for that to unfold The concept is this though We just go over the concept because this is not just this is not like hitting us over the head that this is going to unfold Right, we don't have all the pieces and we want all the pieces. We'll lean on that. That's what we want To get the insight from And what we do have though is this interesting piece here And that is this kind of stop run into a trend line and high liquidity here Okay, so that's fact And then a lot of times after a stop run we look for our buyers back up above that area to start to Move back up into these swings here and liquidity. Okay, so here's our first one It's it had to go back and forth for this to do it if we had something More in the order book and you know more transactions here by the buyers that would have done it sooner um, but Uh, we didn't so, you know, that's how you can get this back and forth in here Uh, and let's see if we can get more buyers now here in the order book to help us out now And we're not not Okay, but if we do yeah now we're starting to let's see it. Let's see it. Let's zoom in here and watch this And uh, we want to see these guys pull here and then we're looking for 55 Okay Now it's starting to do it But again, we didn't really have too much in the order book here to help us out Okay, so they didn't they weren't pulling. Okay. We're looking for it that scenario But was it higher more likely to happen? Not really. We didn't we had maybe a little bit come in here But it's already made the move by then um, so, uh Volume wise though, we we did get the cluster And we we mentioned that this may unfold. We just didn't get all the pieces Okay, so we're filtering and looking for something that is more likely Uh, what I was going to mention was about the um We talked about the turtle traders and we're talking about um trade management and trader psychology last week and in And bashing trader psychology more than anything Just we Can drop it down into a very simple sentence. Uh, can you manage the trade regardless? What's going on? in your life You can manage the trade. You don't have that's it. There's your trader psychology If you can't you shouldn't be trading If you can Then trade no matter what is going on in your life Okay, then you're an expert If you can uh, you lean on your expertise your skills, it's like a your professional pitcher Uh, you know and your dog died or something Uh, and and but you got to get back on the mound. You got a pitch You're a professional That's a really dumb analogy. I'm sorry about that one cringe a little bit. Um PBM so uh, you're looking at the bids to start uh coming in Yeah, I mean seeing demand on the bid is is always good Uh And then seeing the opposite unfold uh on the on the offer that they're gonna pull Right, that's how you can get a supply and demand in balance And you you can get a repricing due to that auction activity Okay, we go through that in this Back again to to the um learning center here in the market mechanics course Click on that and then part one of the market mechanics course Here let's just start it. Yeah here We're right at it here. Uh, you know, we go through these these kinds of scenarios, uh, precisely or Yeah, it's a scenario. I guess. Um, uh, but it's really about the mechanics what makes the market move and how You can get a skew in the auction in the orders here the supply and the demand and that will have an effect um Potentially on the aggressor Okay, now suppose they pull a lot of liquidity in here like there's 15 contracts here at the current bid well let's suppose that um They pull it and there's only one contract here on the bid Uh, and then that this market sell comes in and it's 10 It's gonna blaze right through that and let and you know come to the next level You know, let's suppose there's one here and this this guy trades 20 Well, he's gonna sweep through the 18. He's one's gonna trade here. Okay, so now he has 19 contracts But remember he hit market sell. He's sweeping the book. He's he wants in now He'll take all of this liquidity all of this liquidity and he'll trade one contract into here And there'll be 21 left on the bid after his 20 lot fills Okay, that's what's going on the auction process Okay, and we're looking at the same thing here Uh in the order book Uh in and higher time frames and smaller time frames doesn't doesn't really matter Uh, can I give some thoughts on the brazilian market? Sure Um, we can take a quick look. Uh, I don't want to cover it too much, but uh, you want to look at the, um Uh stock index is there Okay Yep I've got it already Oh, no, that's n There we go I'm sorry, that's the that's the dollar, right? You should you really should come into you're already in our discord channel. You got to go in cpaco. He's excellent So, uh, yeah, I would really, um recommend that you go do that He's a really good trader You see him. Okay. Yeah Yeah, and and he's looking at such simple stuff too Supply and demand or support in your distance areas like for him right now This would probably be an area in the nasdaq. He's he's interested in uh, let's take a look at the I can't remember. Is this the dollar? Is this the um stock index? This is a dollar, right? Yeah. Yeah, okay I don't have a lot of data in here and add a bit more Oh, it's gone. It's gotten to a new contract. Okay, got you That's what the problem is Sorry Let's just rewrite this Let's jump back to our tesla and just see what's going on here kind of jumping around a bit um You can see what happened in here. We'll be outlined and what unfolded it is strong enough that uh And and that makes sense to us right because of all this Buying delta down here mostly buyers Right, so we're still looking for this to go higher Uh in the bigger scheme of things Now there's kind of double bottom and then continuation. It only did one Uh Leg down and then it pulled back in went back and forth and then broke out And then we're back in the middle of the range, but this is a good area in here to look for the pull back Uh, and then look for your order flowing here on tesla You can maybe even look at a uh Be a higher time frame trend line as well back hours on that one Ah funny that that matches up, um Yeah, it broke it this this more aggressive one here, so Maybe maybe we're going to get just some some back and forth in here bit and tesla Let's go back to our rustle Boy, look at the rustle again lots of buying in here guys, but it's they're failing to make you know higher higher highs in here Okay, so that's where we get a retest in here though on the rustle If if we do even though we got to go through the scenario We look for the book to support it on the bid pull on the offer and we get our buyers here though It's looking pretty good because we don't see a lot of sellers down here, right? So we we're looking for buyers here though and if we do Uh And we have some book support. I think we can get up and you know back up into these swings pretty easily back in the 08 Market structure though is not looking too good You know even though we see these buyers they're they're failing to take it higher And that's why we got to find buyers up here then they can take it higher How's our es doing? Boy, they all did similar thing. So you're we didn't get that, uh, you know double bottom and just one one leg down Uh, and then right back up NASDAQ probably did something similar No, the NASDAQ actually did the double double bottom in here And it's it's struggling though So this is clearly weaker today and you don't want to see buyers down here in Um, that's that that's where you can get a just a beautiful stop run Uh into here And see see how these buyers are going to feel they're like just feeling they're going to start to feel the pain right now I who knows who knows how much Demand they have maybe you know, maybe this is we come back up here and we get our buyers and we get our breakout This is not looking good though They're buying here. They're buying in these areas. They can't make it higher They're gonna have to exit and we should get our stop run on the move down here Not seeing much in the dollar Just trading it trading into some high liquidity here at the moment And then Paco starts in five minutes so uh Best to best to go over and ask him. Sorry um, let's uh Let's go back here and uh answer any more questions that you guys may have Ravi, it's dugs on at 130. This is bruce So you can still look forward to that You're you're welcome. All right. Um, I I like these brazilian markets And this is looking like really good momentum in here traded into and through this here Uh, I mean, I don't have much data in here. So I don't know what to tell you But I would look for this move up into 4850 ish um It's looking pretty good. They they traded into traded into pulled back a little bit traded into and through Uh, and we have we have traders here. Uh, just looking for that continuation Right, but like I said, this is all I have in here to go off of it. It's not much Uh, but this looks pretty clean and clear to me Um It's really clean Yep. All right. So we talked about our stop run. Here it is. Uh in The russell Guys, what should I call this webinar here? I want I want to name it for you guys, but I kind of I don't know what to I covered many different things maybe about kind of building out your trading plan um We talked about uh, what what to look for the some of the Uh things to you know having multiple confluences, I guess Uh, something like that and we looked at multiple markets, which is good our nasdaq Nasdaq's still weak to these areas here some p stronger And our tesla tesla's got to be pulling back still Um, yeah, it's just kind of going back and forth. All right guys. Well, let's uh, yeah, if you like this, please hit the like button Um, we're really happy to bring you all this education and it's all free Uh, and don't forget like uh, there's a couple things to remind you about here Number one is monday and tuesday. We are off except for pakko and arun that will be um in the uh, uh, indian market Okay, and pakko will be in the brazilian market on monday Uh, and then arun will be monday and tuesday uh the um Uh, yeah, don't don't forget to go visit the learning center Uh to to get to some of these videos in here like for example this um course part one I hear and just understanding market mechanics and then um Yeah, i'll remind me if I forget to uh, i'll put this into the all markets uh chat room Uh, the recording for today. Okay in here guys. This is where it'll be and uh So if you want to replay this in book map, uh, then you can use your replay mode uh, and then watch this Webinar together that might be a really good way to to practice Okay, like again these webinars here that they're we're here to give the concepts Uh, and then for you to take it further. Uh, if you like it, uh, hit the like button and then go back and study Uh, and then we'll be very very happy to uh cover more of this uh information with uh, and then uh, so that's the uh Some of the courses and and materials here in the learning center. Uh, yeah, thanks trader for putting that in the link in there and The uh, the other thing I wanted to cover was our uh, academy course here Okay, so if you're interested in this So read through it I'm not going to cover it again But uh, we're offering an on ramp for you guys to uh be a part of a more professional community and to become A much more skilled trader uh by documenting your trading and sharing Uh, and uh, we're happy to offer this for you and as a path here um Through these steps here uh to become a coach become a streamer uh, etc Tom b dug and moby have all made it to this this level here So uh, and they're creating some really good content for you guys really happy to bring it Okay, so yeah, thanks everyone hit the like button. We'll catch up with you Uh, after the 4th of july us holiday and uh, we'll see you then. Okay, that'll be on wednesday Thanks everyone. Take care. Have a great holiday weekend