 All right. Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map and Sorry guys was just a little late coming in very busy week for us and Have a release of something new later this week. So busy week for us and get into that a little bit later Exciting stuff. Anyway, so this is the live trading webinar. It's based on our educational course. That's on YouTube It's free and then go through the live analysis here with us So we put the education to the test in the live market Monday Tuesday and Friday then we have live trading with J trader a stocks trader on Wednesday and Scott Balsini a futures trader on Thursday now on our discord channel, you may want to check that out as well We have all sorts of stuff in here I With the algo boys options with Doug Traders lab with Tom B and then we have crypto with rain in the morning as well we have a Every every hour. I mean is filled here. So what we have a really nice bunch of streaming Content and excellent traders You might want to check that out. I'll give you the link here It's very simple You can find it here right from our home page on book map calm the discord room is right here I'll just copy this link But you can also find it here under more and then go to Chat room here discord. Okay? All right, I'll put this into the chat for you guys as well There you go Okay. All right, let's see here already a few questions right off the bat Can you drill down to the bid to ask and show it talk about what how we might use the same as time in sales? Oh, yeah, sure. No problem We'll get to that Joe. All right. Anyway, let's go through the disclosures and jump in All right So a general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered Specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involved substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Okay, so Let's take a look here. We can look at whatever you guys want Typically it's the SNPE many that's what most people want to look at and so we do It it's good. It gives a broad overview of of the stocks But we can look at the Nasdaq we can look at the 6e crude oil Tesla Amazon Apple Bitcoin and then a unique product here that we have with the filtering heat map also for crude Called trader map pro Anyway guys some nice momentum starting to come in look at the volume picking up right now Looking for these these buyers here to try to trade right back up to right around here About 72 38 72 now my VWAP is there, but it's not that that I'm looking at I'm looking at this right here This swing and look where this actually here is where the sellers came in and move this lower Okay, so this is some pretty good buying So let's see if we can break this swing here Okay, right here Let's actually add a line there. That's the first area to test now. It just came shy of it here just by a tick and But some some very strong buy volume. So we're looking for continuation here. All right Back up to the swing and just above it here up up into our 70 level. So it's about a three-point move more or less and Actually, this is a great area for a retest Here and see if we can get the buyers to come in now All right, and they're not right. They're not Not yet at least so let's take a look at this here and Zoom in a bit Okay, so they're actually down here at 64 and a quarter that's where the liquidity is right now Okay, so it's a little bit of a fake-out move here And I this is interesting though guys you see this again and again in the order flow Look where the buyers truly came in you can see it here, right? And that's where they're here again to buy They're supporting it here at this 64 and a quarter. Okay, so now now we're starting to see the move back up Okay, and I'm looking for the continuation here. All right up into our 70 and then maybe 72 up here Okay, so there's there's a simple move Kind of read right off the bat here And we can get into the details in here. Maybe Joe with time in sales, etc Well time in sales is already kind of floated by but Anyway, this was the this is why we had the read here and why I covered it so quickly was Just because of the heavy buy volume coming in like this. Okay, so we have a pretty deep pullback here The the first pullback I would look for was like we just covered right here around 66 It went down to about 65 And I was looking to see if it might test 64, but it did not Okay, and then we see the move up. All right, so Target one at 70 has already been hit And looking for target two at 72 up here All right, so stop it break even on something like that. Now. We're just covering in general how you may Manage something like that. This is not a trade recommendation room as we discussed in our disclosures at the beginning Okay, this is this is about reading order flow At a very high level and then applying that to your trading. All right, so let's see dragon list family your first time, too Okay, welcome. Welcome guys Christopher So this is how it works. I mean basically our our education here. Here's target two guys. So that's already been Hit and I would be out. I mean, this is strong by volume, but it's a countertrend move That was my target and I would be out now again. It's not a trade recommendation. It is just Reading the order flow and then looking for an expected move or a Higher probability move and then look for the next one. Okay, my my objective was achieved And now I'm looking for the next opportunity. All right. It's a very small timeframe opportunity But in these webinars, we're gonna go through as many as we can on different timeframes So that you know, you can apply this to the various timeframes. It's all the same stuff It really is this move in here. Well, we can look at some candlesticks, etc. But You know looking at the volume here and Also the liquidity here supporting it at the 64 and a quarter was pretty good. Okay now They're supporting it here at 67 and three quarters Okay, and a little bit lower too So anyway, let me show you where this educational course is on our YouTube channel so that you guys can Watch that first And then We'll go through all the details here in the in the webinar. So I go to our YouTube channel And would be great if you guys want to subscribe to it hit the subscribe button here because you'll get updates And alerts, etc You can see our upcoming webinars here for the rest of the day. We have Tom B Immediately following this webinar at 1130 East Coast time and then 130 East Coast time we have options with Doug These are excellent guys Tom B as you as you guys know very popular and Well followed he is a volume profile trader using book map and order flow Doug has he's kind of new to the Streaming with us, but he's been trading options for quite a while And he has a really great strategy that Offers tremendous insight. So if you guys want some unique Education you'll find it here. All right. That's why I'm Suggesting to subscribe and Get updates in here some great traders and then after this we have the algo boys Now they're they're not streaming on YouTube But you can come to our discord on that. All right, and they'll they start at 230 and go to the close And again very unique education. It's something you're not going to find some more somewhere else and all right, so That's The education here our educational course is down lower here under bonus materials here Here it is click on the link here parts one through four Please just watch parts one and maybe two. Okay. I'll show you why right here This is the kind of stuff. Why does price move? and to understand what's going on at the very The most binary level of a transaction between the offer and the bid Bookmap shows that extremely well here. Okay, you see the best bid and offer you see the transactions here And then we have the liquidity here, which is in the heat map. Okay, just three elements on this chart. That's it and See how the aggressors come in and move price up and look at that pulled the liquidity up here at 74 or 73 So there's still more buyers. Let's see if they can come up to 73 and a half just based off this simple little read right here Right now they're coming in on the offer up here, right? So that's kind of scaring people away Right, so we just came up to here quickly But that was it because they started to show more liquidity in here, right? Where earlier they were pulling that liquidity right, so this was a Clear path for buyers to take it higher But once they started to see sellers on the offer come in like this it kind of scared the buyers away Okay, so it is this context between liquidity and the aggressors the market buy and sell orders Which are the dots green dot market buy red dot market sell? This is what moves the market This is a different kind of education then most Traders are accustomed to This is understanding precisely how the markets work Okay candlesticks don't go over that If you if you look at maybe your your candlestick charts Um here in fact, I've I've got one Here right your candlestick chart It's open high low and close of a period. This is a 15 minute period here And you're trying to read the candles you have no clue how this market works Where are they bidding? Where are they offering? Where's the aggressor? How much did they trade? That is all about the the behavior of the traders not just This kind of disassociated price action here Okay, we want to understand what's going on with the traders Uh, and uh their behavior because that that's what makes the market move Okay, it's it's traders. Uh, and uh, it was trading Okay, so uh, it's not some candlestick pattern. Okay, it's just like we were reading in here about the aggressor Look at the sellers come in now All right, so can we can we get another retest down here? Can we get more sellers if we get more sellers down here? Then we'll likely break it and come back down to 72 now look what look what just ended up happening here Okay, uh, just a beautiful breakout here. Okay, that's a four or five point move Right now what happened was we did not get sellers down here We got buyers back up here and look at them mount on that buying here. They just started to mount that buying pressure These guys stayed in the book here And they filled this is what happens when those transactions take place. They're short Okay, or you know, they were seller. They wanted to be sellers here and they got what they wanted They sold these buyers took them on Okay, the green dots trade right into that high liquidity and through it Uh, and then the next level as well. Okay up here at 75 they traded into those guys here and they got filled So the transaction took place now. We understand where the sellers are Okay, and we can understand that if we get a retest well, maybe we'll get a retest back down here Now look at this We get a flip of the order book in here This was resistance here because this is where the sellers were it's basically not resistance so much as it is supply Uh, and um There was more demand than there was supply Now the demand has flipped though On the the order book has flipped from offer to bid Okay, so there you want to buy now here Okay, so just that concept of understanding Uh, uh support and resistance is right here. Um, or resistance turns into support that concept is being, uh, Visualized right in front of us right now Okay, you're not going to see that on your candlestick chart Okay, you're not going to see that in here. We can go to a one minute or five minute or whatever Uh, it doesn't matter You're just you're just going to get open high low and close of a period in here and that's it All right, so uh Anyway, oh, let's see here. You guys can see my screen. Yeah, and in uh in discord, right? Yeah, and hear me Yeah, okay. I'm good All right Okay So let's get back to the uh the discussion here and and get back to joe's uh original question here, um that he wants to uh Or his comment here request to look at time of sales Let me make sure any other questions in here Uh, what is abby? What is the swing line? You have on book map the price level indicator No, I this I just drew a line in here. That's it Just very very quickly. It's up under the drawing tools here and you know horizontal line Okay All right Yeah, Joe. Thank you guys. Yeah guys hit the like button. Uh, please if you like this kind of education This is what we want to provide for you. It is something different Uh, just to understand the basic market mechanics in here. It is essential to understand them Uh, now you can go back and look at candlesticks and you know volume profile or Fibonacci levels all Later after understanding the market mechanics, it will improve your education Um, tremendously exponentially Okay, that's why I I uh suggested uh to to watch uh parts one and two Um of our educational course. Okay, because you you really want to understand this. This is really important Stuff, uh, it's how the market moves. It's how it's how the market works All right, it's not a candlestick pattern. Uh, it's not a Fibonacci level Okay, so um, uh to really understand look at look at the aggressors that came in here Nice stop run here. This is another thing we can cover and understand what stop runs are Uh in detail though, not just like oh, it's a stop run I mean we we can show you precisely what unfolded here in the stop run Iceberg orders is another one here that we can show for futures cme group futures Um, uh is the blue line down here and I I see some icebergs selling but I don't see too much buying Uh at the moment All right, so guys this turned into a really nice powerful move We saw that buy volume come in and we're just looking for a move up into 70 and 72 Uh, it has broken through that and uh, it's back up to 80 and maybe it can come up a little bit higher to the uh swing up here Uh of the uh, you can see the 930 cash open Okay, so I'm looking for um See if we can get more buyers in here to Try to lift it up into this area up here Okay, so around 83 or or so all right So, uh, joe let's get to joe's um Request uh immediately here, so we're going to add in a new Column in here and uh or change it this one to time and sale Okay, so where is time and sales here it is? Okay All right, so joe basically as you see right now don't have any filter on the time and sales Okay, so it's ones and twos tens whatever comes through it's going to show here This relates to precisely The aggressor transactions here All right, uh, that's it. Uh, so, uh Uh This is so the the volume dots is kind of like looking at your time and sales on the horizontal As a as a streaming kind of ticker tape basically Okay, and it's it's done graphically Hey graphical representation of it here So, uh, uh, you'll see the uh, uh the numbers come through in here If you haven't filtered the volume, uh at least, um I've got the display here on market delta So the it's it's not showing that the total volume traded it's showing the delta by minus cell Which is going to differ right from these transactions over here because these are pure transactions. So, um to get over that Which I I think the visualization here is very good with the market delta. I like it a lot I want to show you though, um How to get to the total volume so go to studies configuration and volume dots and this is look at total volume here Okay So now you're going to get these pie displays when there's buying and selling combined in here kind of as an aggregate Uh, but when we zoom in it won't you won't see that right see see it right here as a as a pie display if I zoom in Then it shows every single transaction and that will relate precisely to your time in sales here okay, so uh, we can we can look at this in here and Really zoom in and see every single transaction Um in book map and that will relate to your time in sales now Uh, it depends on how you're using your time in sales. Uh, you know, what what are you reading in here? Trying to trying to understand momentum. Do you want to see it? Uh, do you want to do any kind of filters in here? Maybe you're looking for like 10 or greater to give you kind of understanding of You know what was transacting in here or maybe five? as the minimum size Okay, so, uh, uh, yeah, so, you know, you I know like uh, like for example j-trader, uh stocks trader. He's looking at Time in sales or he has over the years So he's trying to gauge like, you know, who's in control moving the market here Look at the selling starting to come in up here Right, so now let's see if we see kind of a turnaround here in the swing Uh in in price action and not yet In fact buyers back up above it here Okay, there's a lot of selling right there All right, so let's see if sellers can come in a little bit more And now let's see if we get red dots down here Okay, we just just based on that little barrage of selling that we saw come in Uh in the time in sales. Let's see if they can try to hit back down to about 77 here 77 and a half 78 sorry And look look at the the the context in here. So now they're This this you cannot see in time in sales, uh, joe This is where the heat map context is so important So they're bidding here they want to they want to be buyers here So now let's see is there enough selling to take these guys on yeah, yeah They trade into and through Okay, so yeah, here's our move Okay, so even even in confronting, uh, this high higher liquidity in here the sellers were able to trade through Okay, so again now we're looking for again bottom edge here 78 and a half And then we're looking for sellers again and we're looking for the the time in sales to pick up on the sale sell side again Okay Let's see if they do it here looking for it looking for those time in time in sales in here I'm not seeing it There's a little bit of selling starting in nibble. Okay. Let's see Let's see if we can uh, we can get it and uh, no buyers come right back in It's a kind of a battle in here right now as you can see Not only in time in sales, but also in book map here Okay, some selling just came in but this was at a high right We want to see buyers back up here if they're going to lift it into 81 and a quarter All right, so this is where we really need to see time in sales pick up and red dots here Okay, if we do get that they should be able to drop it Right back down to maybe the 76 and a half Okay, so Joe you can see what we're looking at in here. There's a nice nice drop there guys. Maybe a little lower. Maybe 75 Okay, but see how we're reading time in sales Okay, and and and the kind of um the momentum in here now I've got it again filtered for five as a minimum size and here's our move into 75 guys okay, so A nice little four point move there now We were reading time in sales within the structure here though, right? Within the structure this these swings in here Okay, the high up here at at 80 80 and a half or you know this little low in here Right, and then we saw more sales up more cells up here, which was odd So it's like wow, okay if they can sell up here and they can sell again here. We should get the break Right, so that gave us some insight to this move here, Joe This is one way to consider integrating your time in sales within book map Okay, so I hope that helps Uh, let's see here. Let me know Joe Okay, yeah, I can see you're all over it here as well. All right, so you yeah, I'm sorry. I'm just looking at the chat now, so Uh, Christopher so the historical data. Well, you can I'm gonna zoom all the way out here in book map right and see this little gray button here in the middle Uh, the rectangle with a an arrow. I can add more backfill data But it's not going to be as high quality data as as I'm recording it Okay, now you you you can um You can get one hour for free Uh of backfill data you can pay I think it's like 14 bucks a month and you can get up to 24 hours of backfill cloud data here Okay, now. I'm not going to put that in it does make book map a lot heavier But I don't need it I'm just looking at, you know, the order flow here and now And I don't need to look at more. This is you know from five o'clock in the morning here to Just after 10 right now. So it's giving me some pretty good insight For what I for the time frame I'm looking at now If you're more of a swing trader then maybe you you know, and you're looking at higher time frame Moves and maybe you want to add add in more data here. Okay But yeah, I don't need it. In fact, usually the process I go through in here is to Look at as you can see we came in and immediately started looking at order flow in here in book map When the when the webinar started and we saw this buying coming in here like I'm going to turn it back to Volume delta dots here by minus cell. Okay. We saw this strong buying coming in right away here Right, so we knew something was up Can you guys see that distinction here? in fact, let me take the um Point of control off here for a moment Uh And also the vwap off for the moment It's the white line the vwap Okay, and we just drew up those little lines in here Uh, and uh was just looking for a move to those areas. Uh, and it it powered through them Which is you know, it happened in here When we were looking for it to maybe drop a little bit instead The the buyers came in hand over fist and traded up and and through that area Funny enough look at how they came back to What was resistance or what was supply turned into demand here and we traded right right to it Okay, we saw that unfold here when we're going through that time in sales example up here All right, so Anyway, uh the um Oh, what is that going to do here? I was going to go through and show you the uh, it's going to take the heat map off I believe And just uh Show you the transactions I'm sorry guys kind of lost my train of thought. It's been a busy morning. Um Or maybe it was some of the swings in here Uh Anyway, let's uh, let me if you maybe someone recalls if I I was answering someone's question here. Um Oh the historical data. Yeah, so uh, yeah, you know that uh It's up to you. Um, you know, how much you want to look at for me. This is fine Uh, typically what I do is I look at my bigger picture uh candlesticks in here and uh I use the same process that I do on them on the very small time frames that I was showing you earlier Uh and uh read it the same exact way All right, and uh go through and understand the swings and the order flow in here By reading the candlesticks And try to do the best we can with that with volume in the sub chart and just price action on the on the main candle Chart here and that's it Uh, nothing else nothing more And but we can get a good reading in here and a good understanding of where price might go Uh, and then look at bookmap to to really uh A refine that uh that move Okay, and we'll go through this in just a second But let's let's continue on and let me make sure I answered that Joe's question Yeah, Joe. I mean we saw it unfold right there. Um in real time that changing character that you're mentioning. Yep Abby you updated to global plus and you got your ttw. Okay, great And you've been watching videos religiously. Okay, excellent and come to these webinars ask questions Happy to go through it with you. Uh, come to some of the other webinars as well Um, you know like uh with tom b Uh following this one algo boys dug Etc. I mean we We're we're here for you. Um and uh ask questions Uh, the backfill data does not come with global plus. Uh, it's it's dx feed backfill data. Uh, so Like they they will give one hour for free, but that's it so for more Like like I said up to 24 hours. I think it's it's 14 bucks a month It's up to you You know The one way around it if you're just looking at you know trading these low time frames Then you just get up in the morning Um and start your book map. Let's say you get up at 8 o'clock in the morning. You'll have Backfill data to 7 a.m. And maybe that's enough for you Hey, if you're even if you're just trading the morning Okay, if you want the entire overnight then maybe you want to pay 14 bucks a month or or maybe just you can You know, you can just mark up your levels Uh Without the full here for example Let's take a look at our candlestick chart. Okay, so here I can I I know the swing high from, you know, the open here sunday evening to Right now is up here at 83 and a quarter And then down here the swing low is uh 38 and 38 62 even Okay, so and you can just mark those up on on book map um, you know 38 62 even you can see we've we've already tested that now And coming back down again Anyway, good morning Alan Better late than never No problem, um Okay So I don't I don't know, uh, joe I'll be honest like uh time and sales and in the in the dome or the c o b column here current order book column here I do look at the current order book column a lot Uh, I don't look at time and sales I never have um And uh, it was interesting. We got some insight up there from it. Um, but uh, I mean I have in the past, but I I don't really Find it that helpful Here's why Um book map is showing that same data with the dots Okay, like I said, it kind of uh is unfolding horizontally scrolling All right, not vertically here in time and sales and um So, you know, I I I think I don't I have it all here in a composite view, uh in book map Okay, so I I can see price structure The transactions and the relationship between that and the liquidity here all in this composite view I don't need to have a separate view with a dome or time and sales So I don't really find it too useful for me Now if you've been using time and sales forever Then you've got it right and you can even detach it here and put it on a different uh Into a different area if you like Right, uh, if you close it, it'll pop back in here And you've got it. Okay So, uh, I usually don't look at it though Uh, I don't find much of a use for it since like I said, it's here in the composite view and book map Okay. Well, I mean our time in sales is is is is pretty robust. Um, I'm hoping I'm hoping you don't need, um Something more it offers some filtering as well. All right, let us know. Um But we also have a dome, uh for global plus, uh users Subscribers, uh, let me show you that product here Uh, it's excellent Okay, and a lot of different features on it as well Okay, there's actually a couple of different domes or configurations here. This is a standalone as you can see this is uh Here on its own. Uh, you can have many domes lined up. However you want but, um, uh the, um There's you can you can see some of the the last trades within here Or recent recent bid trades recent ask trades You can see the liquidity in here and you can see some filters in the liquidity as well here In the dome, okay that kind of mimic the heat map high liquidity areas in here You can see there's columns in here as well volume columns. There's more than there's a lot of stuff in here There's multiple volume columns Uh notes column. Here's your your entire session volume profile And this is your your volume profile for the buy and this is buy minus sell. This is the delta Okay, so really and then here's the the the sell Volume profile so there's all sorts of stuff in here guys. It's very robust um Take a look Check it out. Um, I I imagine we'll meet your needs in here for uh for your dome All right, so for your dome traders, um And looking for something very specific in here All sorts of resets and re you know, uh clearing etc Of the data in here Okay, we are back to where we where we uh saw that move into previously okay, so uh interesting moves today Very powerful move on the way up and we're right back here So let's see. Are they gonna our buyers going to support it down here or are we going to see sellers trade it through here? That's what we want to ascertain right now Uh, and uh, I would say like some sellers look pretty strong here and here So I think they're going to try to push it down here around this, uh 70 or 69 area here Uh, and let's see if they can um Hit into uh 67 or 68 down here Okay, now in terms of order flow This is these are the kind of int our important points to kind of get across This is where that strong move came out of or it broke the swing here Right this when we started the webinar, we saw this in here and we thought wow It was pretty strong. We're looking for a pullback and then we're looking for extension Uh, and uh, and that unfolded nicely and then it pulled back here and bounced off of that and went higher okay, um uh So now we're back here again, and we're looking to see do we find buyers supporting it here And we don't really uh, we see some uh in here, but they're not really in the order book They're lower. They're down here at 68 Uh, and they're on the offer here at lower levels too. So now In this structure in here, let's just go and read this structure Okay, well buyers are coming in so probably back up to the top of the range here Uh, and then let's see if we get sellers come in And let's see if they can trade down here Around the 69 and a quarter All right, let's see if they can pick it up here and then we'll drop into 67 and and three quarters here Okay, so there's a there's a quick move already, but it's already pulled back here okay, so uh No, no more sellers yet. Just that quick move here Let's see if we get them again here Okay, so again, you can see what we're looking at in these ranges. Where are the transactions taking place? Right, so they can move away now. This is part two of our educational course is understanding structure and volume within it Okay, so now do we get more sellers here? Let's see No, not yet Okay, there's some exhaustion. Do we get sellers here? No, we know we get buyers up here Okay exhaustion here was I was I was reading Okay, so uh, they're still buying up here so now Let's see if we can get the see if buyers can lift it to 71 or 72 here because they're starting to auction here Okay, so this is what I mean by exhaustion See look at how no transactions took place here on the on the on the offer Right now. We're getting our sellers here now. We should get the drop down to set this 67 and three quarters Okay, so they're still still buying so it's it's really Uh, kind of back and forth this nice. This is a nice cluster though of selling here. Okay on this small time frame Okay, in fact, it's a trap. Uh, there's gonna be a stop run here. There's our stop run right here Uh, and uh, uh, yeah, it's a bit of a trap, but let's see. I'm not I'm not convinced yet Um, we we still may get some sellers here Uh, this might be a false breakout is what I'm Where I'm leading to Okay, and uh, what what that would look like would be Here's our here's our buyers Lack of buying Let's see if we get sellers here at 71 to trade it right back down to 70 and then back down to 69 and then the break Okay, so it's just it's a scenario here right now. We're not seeing it That scenario is not playing out. We're getting buyers back up here again. So they should be able to take it higher They should okay, and they did Uh short live, but it's looking pretty good Again, it's this context that we continually look at here So we're looking at these sellers or buyers and then uh, we're looking for sellers in here We didn't get them. We we got buyers here. So they should be able to like move it higher. They did Now this turned into a false breakout and they're buying back here again Okay, let's see it If we get buyers up here again Nope See the exhaustion no no transactions at all there none So if it can't transact there, you're gonna find sellers bring it back into the into the middle Okay, now we're getting our break Okay, it's due to we'll cover we cover this many times. Um, but on a retest back up here We had buyers here, which looks great buyers come back in here They can't trade up here though And it exhausts out. There's just no more buyers. That's when you're gonna find sellers move it the other way Okay, so here's the move the other way now Okay, and we were looking for it earlier over here Okay, and it it didn't unfold now. It's unfolding and look what's unfolding here Okay, I have to go through this quickly guys. I'm sorry Um, but uh, see the buying here Look at the stop run down here All right, let me bring up my pen tool. So this is what I want to show is the This buying in here This buying in here Turned into selling Or stop run down here and here it is verified right, so Understand this context that we continually talk about in here that the buyers failed to break it higher But these these buyers in here are that oh, it's going higher like I'm going with the with the trend And it exhausts out here. We find sellers bring it in Uh back down into the the the previous level here and then threw it on the other side and stop everybody out Okay, that bought over here and it just repeats again and again Okay, so now here we go sellers down here now. We might get another trap down here. We'll see Let's take a look So we're looking to see if we get sellers in here that are trapped and then buyers can Sellers would be trapped in here somewhere. Uh, and then the they would become buyers in a stop run to the upside here Okay, that's what we'd be looking for we're going through a lot of stuff in here guys, but uh, you know, it's uh An order flow shifts and changes rather quickly Okay, now on the smaller time frame. Yeah, it is changing quickly on the higher time frame You know Yeah, we're looking to see if we can get sellers in here again and then bring it down to 65 and 64 here Now here they come Yeah, all right. I think you know the sellers If they want to hit the bid they can do it right now And and looking for them to try to drive it down to 65 liquidity here Okay on this time frame zoomed out a little bit more Looking for them to move it down into 65 and 64 um, well, we do have uh, let's see uh, armando Armando we have um Several columns in here and if you're looking for tpo's or you know time price opportunities Like basically, I mean it's low volume nodes high volume nodes Um, you know, you just just look at the volume columns in here that we have Guys beautiful move right Right into 65 Uh, and still looking for a little bit lower here's maybe 64 There we go. There's 64. I would take some off on that move Uh, and I would have my stop at break even Uh, and uh holding for maybe uh, maybe you can break it here And come back down to the low at 62 and a half and maybe even lower here 50 right 50 liquidity down here Pretty pretty far away Uh, so, uh, yeah, it's in the volume columns in here as you can see cvp is is stands for chart range volume profile Which means um My chart range was viewable in this range in here is going to give me the profile So if I zoom in here, it's only three ticks wide right? Or a few more now Session range volume profile is svp. So you can compare and contrast your volume profiles Uh, based on your zoom Okay, so you can look for well if if for example, uh, this is a nice move into 64 Uh, but this this volume profile here for this view It's not really showing us too much but the um Session range volume profile. Well, these are your high volume nodes up here So maybe if we get enough buyers then they they would come back and retest 75 or 80 up here Right. So that's way way of comparing and contrasting different time frame volume profiles uh lulu like uh the um The thinkorswim book map it You know It should be showing you it's the action. It should be really good It should be showing you the same information in here. It's just a different data provider With dx feed not rhythmic Okay, and then all there's all sorts of add-ons that you do not get um from uh, dx feed Or or thinkorswim. Okay, so the the stops in icebergs. You're not going to get Absorptions, uh, and exhaustion. You're not going to get Uh, this new indicator or this trader map pro that we we, um, uh, came out with a week ago You're not going to get So that's one of the benefits of of the, um, uh desktop version here um trade of eight is brandon is using, um CQG which you can connect to in book map So, yeah, you you can get cqg feed from uh from trade of eight Allen, what are you talking about? You're not going to get Anyway um No, no, I mean, I I don't want to dissuade people from the thinkorswim version is is excellent. Um, it's just There's all sorts of other, um Add-ons that we develop uh all the time that you know thinkorswim is not offering and they're You know, um continuing to develop book map over there, but I'm not at the pace that we are Anyway, you might want to check it out over there. Uh Lulu another thing is like I would highly suggest this like try the book map desktop version for a month Uh and compare it with your thinkorswim Okay, play around with it. That's where that's where you'll get the insight Yeah, I know that that month will you know, maybe be a little more costly. Uh, but uh, at least you'll get your answers Yeah, yeah, no, uh, anyway, I made my point on the the thinkorswim book map version Yeah, uh, that's a it's a really good way to try out book map Uh and uh, see if it's something you like and if you like it and you want to take it further And you want some of the access to these add-ons in here then, um, then consider going with the uh desktop version All right guys, so this turned into a pretty nice move Just reading the the order flow in here and uh, we got a nice move back down to not only 65 and 64 But it's come down to the low here Uh, and we mentioned that it may continue on into 62 and a half And it may continue on to 50 now. Let's let's take a step back here And take take a look at the bigger picture Uh, first off the bigger picture even on this time frame looks pretty good I don't think it's going to be so simple as a dump down into 60 and 50 Uh, it might but um, I think it's going to be some, you know some back and forth in here Uh, but uh, let's look at, you know, you can see we're trending down here We're making lower highs lower lows And you're seeing that that cell volume ramp up here on the on the bid hitting the bid So I'm looking for the seller should take it lower Just based off of this here now It's not going to be as easy as that Is going to be back and forth in here but on this time frame. That's what we're seeing right now But let's take a look at the higher time frame as well. Okay, so Here's our 15 minute chart Here's our out and on the right hand side our in the middle and then the daily here on the left Now it's pretty interesting Price structure here on all all three of these to be honest Uh, in in my opinion, uh, so this was that big move, um, you know over a week ago I think it was a thursday This huge spike up to this previous swing here on the daily and then it it was fomc It was a hundred point move and then it dropped back down and back down into these lows and through it These were pretty easy reads. I thought guys on some of these days in here and um And now we're down here and we talked about this on friday We were looking for a move and a bounce probably around in here around this 56 area It it did bounce that day Last friday and then now we're coming back down again Okay, so the momentum on the daily is to the downside here So where might they go? Well, we look at the figures and we look at the price structure In here in the order flow Okay, so looking left here. This is where that big move came came in On the daily and you could you could look for maybe a high volume node in here that it might come down to 38 and And 11 or something like that. Maybe lower maybe down into 30 37 50 maybe even lower Hey, but uh, yeah, something like that just to begin with The uh, the daily is is bearish here. Uh, these these uh several last days here So what about the hourly? Yeah, it's uh, not looking too good either The the move to the downside the pullback here on friday and then the continuation of the move here Right. Here's the 15 minute Now the 15 minute looks a little different to me Uh, it's trading into these wicks down here So This is where that we found buyers on friday We're probably going to find some more buyers down here We're going to find some profit taking from the sell side to down into here So we're probably going to get a bounce around in here Okay, so we're at what the the swing low went down to about 57. It looks like uh, and it's it's it's bouncing a little bit right now um, and uh, you know just looking not for much maybe a retest back up to about 62 here Uh, and then the continuation so uh, and the continuation is not looking good Um, there's a lot of room to run here to the downside So, uh Yeah, this could be you know some pretty strong moves here, uh end of the year Back down into some of these lower levels here, but this is something we need to take a look at Okay in the order flow All right, so here we are uh, and we we talked about this already On this time frame it looked like it wanted to go lower It is going lower. We're already through 60. That was our next level and then now we're looking at 50 down here Okay, so continuation of the move Uh, and uh, yeah, it looks good. So not much to do here. Uh, just kind of uh Let this uh move unfold And uh, but let's zoom in here and let's uh, let's let's just read the order flow every time You you you get comfortable It's time to pay attention to the order flow Because that's where you'll see uh, it start to move the other way it always seems. Okay, that's uh more of I kind of uh Talking about uh Murphy's law than than anything technical in here. So just let's just be in tune with the order flow All right, so nice move down Into 60. Okay, look at the on the offer up here on the bid here. They got filled here But we're continued on down and we're still looking for the continuation to the downside Okay, so let's look at some of the swings in here and the and the uh Context between the aggressor and the order book okay, so Here's our strong sell volume here And it continued and it continued And then we got some buying it buying in here a little bit of buying in here and a little bit of buying in here All right. Now are they gonna come up to 58 swing right here? Yep, now can they break it? Can we find buyers break it? If so, they will likely come up to here 59 Okay, they need to break this structure though Okay, so yeah, I'm looking for it. I'm just a small move here It's only like a point really Um now it could turn into something bigger Okay, but do we see the volume supporting that? No No Now one of the things here can be really tricky Is let's suppose that uh, you got in this move here to the downside Everything's hunky dory. Uh, you know, you've you've you captured the move. Uh, you've got lots of points here And uh, you know, how do you want to manage this and do you want to? You know take profit along the way You know, are you gonna look for the next opportunity? How not to get shaken out of this as well? Well One way is look at these structures in here And are they broken? So the move uh to 59 is unfolded Okay, did they break it? No But they're right back up here and they're ready to break it here Hey, but did it break it? No Right, so we're still bearish here Even though we see these these buyers come in here. We are still bearish Hey on this bigger time frame here On the higher time frame All right makes sense now it depends on the time frame you're trading That makes the big difference here Because if you don't want to get shaken out of this and you want to continue Holding for that move to the downside here. Where do you place your stop? How much risk do you want to take? Where's your profit target? Okay, so I'm going through the scenario in here that you're still in this trade from I don't know from like, uh, maybe up here 68 or Wherever we kind of saw it up in here 70 just Yeah, 68 or 67 and a half whatever wherever it was Um Well, we can we can continue to take a look at this here. So now it just broke this structure here Okay, but is it going to be a false breakout? Let's see Okay, does the order book in here does it look really bullish in here? Not really Not really So I would still stay in this Okay, but we're going to continue just to read this in here How to stick with that trade Okay, we can we can see that we have some structure in here. Let's put in some diagonal structure Okay So starting to break that that trend line Right now do we have a lot of buy volume above it a little bit? Yeah, now a lot more Okay, now let's see here. Did they they they were able to break that up into 60 here Okay If I get a retest back up here and I see a lot of buy volume up at 60 I would get out I'm still holding it though, and I'm looking for the continuation to the downside here All right, so that's what I'd be looking for Uh, and you can look at some of these areas in here in terms of structure Uh, and then acceptance Okay, so You know how to hold on to your trade And just read read read the behavior in here. Is it just profit taking? Are there new buyers coming in? Is it both? Okay, now here come the sellers now. Let's see if the sellers We're gonna get our answer here Do we get more sellers down here? And do we do we get exhaustion up here on the buy side? It's not too clear right now Okay, we're back up here And now if you see those big green dots then yeah, I I would exit but uh, I'm still holding it Trying to trying to extend my runner here Okay, quick move to the downside, but they'll probably move it right back here And it's just back and forth right now. Let me get to some more questions in here. Um It's awesome that I can't answer your question I don't I don't lose. I don't know what to say. I'm trying to answer your question. Um Okay, you're giving me a hard time here. Um If you want that add on okay here answer your question if you want the add-ons Go with the thinkorswim. I go with the book map desktop version Else it should work just fine in thinkorswim Okay Is that is that clear enough does that answer your question? I'm happy to try to answer it again. I'm not wasting your time I'm trying to make a distinction between the different versions And the best way to know that is is why don't you try it? Yeah, okay. There are joe. Maybe I don't know. Maybe joe can can help Answer your question. He says it's working great for him I mean you can even see some of the the videos on on youtube with different traders And the thinkorswim is working great Anyway, I'm just trying to help you. I'm not trying to not trying to sell you anything Is whatever, you know The distinctions between it is it's very simple that there's a lot more add-ons here in the desktop version A lot more so Looks like she or they left so, um, which is fine. Um On the very micro level of shorts on Do I want to see red dots? Um hitting trading on the bid. Yeah. Yeah, basically I mean to stick with the trade joe for sure Okay Thanks, top gun. Um, no, uh, uh, yeah, please guys. I'm here to answer your question. So whatever it is I can help with And it's I was just trying to be as supportive as we can So, uh I don't want to turn anyone off here. Uh from uh from trading or price action or order flow All right, our we I I hope we provide very very high level education for you. I I think so Oh, thank you guys. I appreciate the support um All right. Well, this is this is really kind of um Interesting in here. Yeah, I'm not really sure how I probably would have exited here by looking to get right back in Joe on this one here Just because like I've had this happen to me so many times like just this is like in your face here with this bind And it's it is a false breakout and then here's like for example exhaustion and selling coming in again Now i'm looking for the moves and the and the move lower here Uh, we you know, it would have shaken me out in here and it just would upset me. Um Uh, and then I'd be looking to have to you know stick with what my plan was And uh, and then reevaluate it, uh, you know, maybe it maybe I should give it a little bit more Or maybe I should give it a little less and just like once I see it break this smaller structure in here I'm out Right. I just where do you where do you draw the line? Because now I'm looking for the sellers to come in yet again and to and to hit it hit the bid pretty hard Down into 55 and lower So, uh, and and finally our 50 level and look at look at liquidity at 40. Uh, that's been in here Overnight as well as 30 Okay, that's the bigger move here. Uh, and we might get it today Uh, you know, the european close is coming up and typically it's a lot of back and forth during this period And then the continuation move in the afternoon Uh, is is is what we see All right, so, uh, let's um, let's see if we if we get that here uh Anyway, like yeah, the way I would kind of look at this is yeah, I would have I would have taken my profit on this or you know, uh I would have exited because I've seen it fly in my face in here with these aggressors coming in and all of a sudden you're back up to You know 65 64 Where we took our partial profit to begin with Right down in these areas here. So, uh, if um Uh, if if it can't um And it it didn't make it right, uh, but I'd be you know I would have been stopped or I would have taken my profit and and and look for the next one now What i'm trying to get at here is like this is possibly turning into it's it's really back and forth in here right now Um, so I'd be looking for the next opportunity and this started to look pretty good But now it's getting upended. All right. So, uh, my next, uh Opportunity would be looking for okay. Well, I got shaken out then here Here's our exhaustion. Here's our sellers Bottom of the range here Take some off and then look for the continuation again I would have been stopped at a break even all right, so, uh, because You know, how do how do you handle it and and, um, uh Not get, um Too mixed up with your trading plan in your trading management Okay, so and in fact, maybe you're even looking for something in the reverse Here at this point, right? So the I think the the the cleanest or clearest best way for me Uh, to understand this is like yes, I in this case like You know, this is where I saw them drop it. I'm looking for them to continue to the downside Uh, the the move to continue to the downside And uh instead I see buyers up here uh, and um You know that that's where I I don't want to see buyers Right. I want to see either exhaustion here or maybe it's a false breakout And then this started to look like it here is that this would be trapped buyers Because not a whole lot of sellers here, but they did Sellers were able to drop it to the bottom of the range and we got more buyers back up here But then exhaustion that's when I'm looking for the sellers here That's when I'm looking for the bottom of this swing here And the continuation lower Okay, and that didn't unfold but I would be looking for that Everything's looking pretty great here. Uh, and uh for it to continue this exhaustion looks fantastic at 60 or 60 and a quarter and um And and look at now the buyers come back up and and precisely at that area here where they started to really pick it up again All right, so um, anyway, uh What what I would also look at and go back and study for my trading plan Is like could I have held this a little bit longer? Uh, would I be looking at maybe this swing up here? Uh, or would I be looking precisely where these sellers came in and where I'd look for them to Um, uh have more supply again here Okay, I I think I would here Uh, I could maybe take it a tick higher, but that's about it Uh, and uh Otherwise like let's just draw the line there at 60 and a half Okay, that's that's as far as I'll go uh with it. And yeah, I would have been I would have been uh stopped out then All right And I'd look for the next one and it would have been here I I would have taken it And uh, I would have taken some off here I would like to say that um And try to look for the move back down to the 56 and in a quarter here and then the continuation Okay, so uh, anyway reduce the risk Okay, uh, and then I I missed the move to the upside here All right Because I was looking for the continuation move All right, so uh now dude, do we see anything? Let's take a look at this again here Do we see anything in here that gave us insight to the the move higher? Well, I didn't see it yet in here Not until Well, it would be basically the pull back to 61 here Yeah, and I I'm not I just I'm not I don't really like this move here to the upside Uh just looking at it here the buying is not bad um Yeah, it's it's not bad but uh Then the order book. Yeah, I mean they were they were supporting here at 61 and they did transact and there's more buyers back up above it and so Now we're up here. Well, we'll through it actually we're back up to this swing here So this is turning into, you know, kind of back into the high volume node, uh 67 You know, maybe maybe back up into 75 or 80, but like, uh, yeah, I don't I just don't quite see it yet. Um I don't see the heavy buying yet Now and that that's the way I I would look at it Uh, and it's they're continuing to buy Right, but let's just make a distinction here between see this buying in here And compare it to what we saw over here see the see the difference So this was looking really good. I thought this was powerful buying Uh, and uh, then we were looking for our pull back and then our continuation up into here And then take the profits Surprisingly they the the buyers really had a lot more and it was a big big stop run here all the way All the way back up to almost the open But it did not make it uh passed here And the sellers came right back in and then we read this here with joe's example with the time and sales Okay, reading this back and forth into the time and sales and then we saw the selling coming in We're looking for the bottom edge to break here. Okay, and it broke nicely into 75 Okay, and then we're looking for our continuation Over in here. We started to note it. I think Uh, and then we're looking for It was 70 or maybe it was in here Uh, but we were definitely looking for 65 and 64 Yeah, so yeah, see see how that That kind of clarity that we're looking for in the in the buying and selling Right, it just wasn't quite there. So You know, if you if you don't have that clarity in here Like it'll it, you know, you can you can stay out of those trades Okay, so a little more selling down here Uh, thanks top gun Let's see, uh Thanks tan excellent. You guys are learning a lot Any general tips on how to avoid getting chopped up in the yes and b becomes Very rotational. Yeah, I think we're going through that. I think a c about like really looking for that distinction In the move. Uh, let's see here. Say seva has a question here early on. So sorry about that. That was an hour ago um Most important is to see exhaustion of big money players. Can you show us identify using book map? Yeah Yeah, we've been going through exhaustion. I don't know if you still if I answer that seva or if you still have questions there Sorry about that uli. I Yeah, I don't know why I I need to jump back and forth between discord and YouTube and I just got on a rant basically So, uh, sorry about that. I'll I'll pay more attention to you guys. Um, for sure Usually most of the questions are on youtube But anyway Yeah, really really turning into back and forth in here and we have our european clothes coming up but, uh Yeah, it just wasn't like I don't know. I mean the selling looked looked pretty good in here. This is turning into a big trap right here Uh, and you can see them move away and trying to run the stop. So likely likely then Yeah, let's see if we can get the buyers can get back up above, you know, this This recent swing here um because uh To and see a buy spike, um with a stop run here Since it's so back and forth at the moment. Oh, no, no sneak peeks on the new thing. Um, uh Jonah, uh, so, uh Yeah, yeah, no, I I gotta wait. Um, I need to make some material myself for it. Uh, so, uh, but it's it's pretty cool All right interesting move here That buying cluster back up here failed to move higher Hey, um here here again is our exhaustion and uh Just I I would look for a few things in here exhaustion followed by on the other side here Like this is a this is a good example here. Um, it is there's not many points that you can get out of this You can get a few Um For these moves, but you know the the order flow Um and mechanics is the same so you'll see this on head and shoulders or you know, double tops double bottoms, whatever Um, uh exactly the same same thing here is here's our move higher buying clusters. Uh, Usually typically uh liquidity filled on the bid on the on the offer on the way up big green dots And then a pullback and some selling Comes back up here And then exhaustion Hey, and this is a good example here Uh, there's a little bit of selling in here. So it still kind of holds true, but um, This this is a this is a good example of the exhaustion. There's no buying here They can't even make it that up to the high here And then look at the selling come in here. This looks good, right? I would be looking for a pullback to where these guys initiated the first one would be here To 60 And a half right right here Okay, where we have our line and the next one maybe here or right at this volume cluster here All right now they took the sellers were able to take it all the way back down to the swing low here right down to this Or just shy of it here. Uh, and then uh, and then we see the back and forth in here All right, so uh, anyway, that's what unfolded here, but this is the key here is the exhaustion up here Uh, and uh, failed to make the um, even an equal high All right, and we start to see some selling here and then the selling comes in again here some heavy selling That's when we're looking for it to break Okay, potentially break Oh, who knows, you know, we never know Uh, all of a sudden buyers might come in back up above it here on a micro time frame um Or very small time frame and maybe you see a buying cluster here at 62 See the little green dot here. Maybe it's really big Then then we look for maybe a move back to 63 and can they buy again at 63 and and a little bit higher Then then we'll get a nice flag pattern, right? Uh, this is where that exhaustion came in though. This is where that selling came in We look typically we look for the continuation All right, so now Here the buyers above this swing here right look at our 60 and a half And uh, they broke out On buying pull back Okay, now we're looking for exhaustion on the sell side here and buying right here at 61 In a quarter or 61 and a half not yet Not yet See exhausted out Exhausted out. All right, let's see if we can get our sellers here And this can they break it can they break this now? Can they come back down to here it's 58? This is right at 11 30 guys are European close. So just be careful with that. There's always volatility around that time All right, let's see it. Let's see it sellers right here 60 There's exhaustion Looking for sellers And not we didn't get them There now we got some Okay, there's exhaustion now. Do we get sellers again? Yeah. All right sellers. Let's see you drop it now At least down to like 58 and a half. There we go beautiful beautiful That was a small move, but yeah, I would take I would take partial profit right there off of that Okay Because it's a small move and it's really back and forth in here. That's my reasoning on it And you can see it was the reasoning was pretty pretty decent here I mean they came right back buyers came right back here to retest that area Okay, so that's showing the back and forth nature of the markets at the moment Okay, but yeah, anyway, that's kind of a way to integrate exhaustion and that was real time, but And I know it's a small move, but The point is that you'll see this on the higher tying frames Okay, we just don't have time to do that and go through that that detail on the higher tying frames Okay, unless unless we get lucky And see it at a certain point now. Let's just let's zoom back out and take a look here I still like this on the move to the downside You know, this was the just some back and forth in here looking for those sellers. Yeah, I'm looking for them right now actually Uh, and this could be a real nice move from 57 on down to 50 and I'm looking for it to unfold now Okay, and then then let's take a look here now not only Back down to 50 on the higher time frame now again. It's not a trade recommendation room here It's reading the order flow and then looking for these moves to unfold In these scenarios here and then managing your trade in a way that you take some off and and you can Manage your risk and look for several Opportunities in here That's one of the advantages as a smaller trader what we can we can do that Larger players have don't have that flexibility Right, we can we can take some off look for the next setup in next setup, etc Larger players need to kind of sink into their trades and continue to add into them So Uli we're going over this like a swing trade example right now So this was we even talked about it a little bit earlier You know of the move kind of down into this kind of 64 65 and then the continuation And that the nothing ever changed on that swing trade example This was just back and forth in here, uh, and we're looking for that continuation Right, so our swing trade example is still unfolding Okay, we were looking for the move back down into these wicks here And then potentially through it And then we talked about this on the daily Okay, uh back down into you know, I I don't know high volume no down here or someplace in here somewhere I think we talked about 38 11 And then also 37 50 Something like that right there's a lot of room to run here on the downside so Looking for buyers to basically looking for buyers on the higher time frame in the order flow the buyers to step aside here It's the same concepts so For the sellers to drive it down into buyers where they want to buy down in these areas maybe down here And they're not going to they're not going to buy here And that's kind of the scenario we're going through on these higher time frames or swing trades Does that make sense woolly? And let me see any other questions in here Oh, we are partnered with trade station, uh brand Yeah, one of our partners, uh, but uh, I would Yeah, it would be great to connect with their data We we do connect to them you if you have a trade station account and you want to trade your futures or stocks or both Uh, you can do that through book map We offer we connect to their trading platform you can route your trades to your trade station account Okay, but uh, you you can't get trade station data All right, you you'll need to um Still subscribe to either dx feed or rhythmic data here in book map Guys, if you like this, please hit the hit the like button helps us out a lot subscribe to the channel and Hit hit that subscription button and uh We'll continue to go through this kind of stuff again and again as you can see this is this is Turning into a nice move now to the downside into 50 and like like kind of answering uh ooly's question again On these swing trades guys. I really I mean keep an eye on your order flow if you see something just massively distinctive in here You might want to you know manage your trade Uh, you know like just huge buy volume that's coming in or you know something uh in here Just massive walls of liquidity that sellers can't get through uh, otherwise though You know like we just looked at in the higher time frames here. There's no reason here to uh Look for something different right now There's there's a pretty good argument You know for the for the move lower here, there's and looking for those buyers to kind of step aside here Now it's it's not going to be as easy as that it never is Rarely rarely is it? Okay, so you need some conviction in your trading And your plan and then manage your risk along the way Okay, so uh this move down to 50 is almost unfolded Uh, and that was the uh, you know higher time frame move we were looking for All right All right guys. Well, I'm gonna leave you in the hands of tom b. He's up next. He's actually already streaming. So Uh, yeah, you can jump over to the next stream. Uh, thank you j And uh, yeah, no, I really enjoy uh, uh, providing you guys, uh, education. So, uh And and yeah, you know, I think we we have something kind of unique here And and want to continue to offer something that is high quality and unique and like I said, we just have a whole host of other traders Using book map options with dug after after tom b And then the algor boys later after that All right, so thanks for coming everybody We will continue tomorrow and uh, yeah We'll uh also Have some interesting content. Um Later in the week and cover the uh, a new feature that we have here in book map All right, so we'll see you then. Okay. All right. Take care everybody. Thanks