 All right, good morning everybody and welcome to the book map all markets webinar. This is Bruce at book map and We're gonna go in everybody. We're gonna go through order flow live analysis here Looking at whatever instruments you want to look at in any market types. So crypto futures and stocks 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 Involves substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results and We're just gonna jump right in and take a look at What's happening here in the ES if you guys want to take a look at something else? Good morning trading for a living. Let me know. All right, so we've had some really Really interesting moves in in my opinion here that you know, here we are off to the upside yet again and the the data on Friday Was giving us insight that well the Fed will likely be raising rates, but here we are moving to the upside and beautiful Opening here 930 you can see that well tricky opening actually Really back and forth in here. No momentum whatsoever until just now As you guys can see the the buyers coming in here this is pretty pretty typical a breakout here and This is what you see a lot of times And I want to go through it kind of step-by-step in here now There's some other factors that are kind of missing here, but let's just start off with a setup in here talking about a breakout trade And you can see that the market is really wound up in here. Okay, so let me try to simplify this here All right, so We're gonna take some of the elements off the chart here to begin with we'll take the heat map off the chart We'll take the volume dots off the chart as well. We'll just look at volume bars and And and best bid and offer price action In fact, let me just take that off for just a minute and we'll look at candlestick charts in here And we'll take off the streaming price action and let me make this a one minute candlestick chart Two minute candlestick chart, okay, so Just you know by the the candlesticks in here. Yeah, I mean you can see that this is Just going back and forth in here. It is slightly going to the upside in here. Okay. This is the market structure Are we're gonna detail out the market structure first? And then we're gonna go into the order flow within the structure and Good morning everybody so Yeah, good morning. Good morning Stephen and Stan So In the market structure here 930 everything changes basically, you know the volume that really really picks up in here And we can start to look at some of these shifts here in the price action Clearly in this two-minute period here and this two-minute period over here. We see these shifts Right now candlestick analysis will give us insight that these wicks here signify buyers All right, so that much we know and let's just take a look at Some of the analysis in here. We have a price channel and What this means here in a price channel? I Hate to cut it off like that, but It matches the channel better, but truly it's more like this here if we go with the lows Okay, so in fact, let's just go with it so the What we have here is in the auction process With this aggregated data within these periods here in a candlestick, okay, which is not giving us much insight whatsoever Right, this is one of the one of the downfalls of aggregated data or periodic data no matter what the period is Okay, if it's a time period volume period range period doesn't matter. Whatever it is The problem here is that we don't see the details with within the candlestick And even volume is totally separated out of the picture here and put in the sub chart And we're trying to understand and read this price structure now in a structure What this means is that it auctioned up to here and we didn't find new buyers willing to take this hire We rotate back in to a to an area where Traders believe that this instrument has value And then we see buyers come in here and kind of a little shift in here and move it move it higher a little bit and break the high Hey, well we see sellers bring it back down into this area And it continues on and on and on so this is the kind of an average here Kind of value area that we're talking about and now it's on a slight diagonal But in auction market theory Everyone understands the Volume profiles and this is showing where that value is. Hey, here's here. Everything is this is volume within this range in here In fact, let me actually configure this one. It's this is better Within this range here the CVP, which is just showing the chart range volume profile And we can start to see where on the horizontal On each price level in here We have the valve the volume is added up and it's aggregated here on the horizontal here. It's aggregated on the vertical right, so At least in the sub chart down here. So what we have is Understanding a value by the volume here in the profile and also the volume with the price structure Right. So within this price structure. Well, this means that down in these areas here in the auction process That this is too low and In the auction process these areas are too high Let's now add on the other elements in here and these shifted Market candles in here as well. That's what we want to cover. So we want to go over two points in here About being too high and too low and then also where the market shifts away right, so Let's start adding some things on here and so Actually, maybe we'll keep the candles first. We're going to add best bid and offer now. Let's get rid of the candles and same thing except now we're seeing like little areas of Consolidation and breakdown and little trends etc within all of this activity in here But this is the main structure for this time frame All right, so now We're going to add the the volume dots on here. So the transactions within there Okay, so we're getting deeper into this now and understanding pure price action and then the volume Within the price levels on that price action Okay, now we're getting much more insight. Okay, so when we talked about the candles, let's overlay the candles When we talked about the candles here Well, these wicks in here typically it means buying pressure Okay, well, it can mean many things in fact It's not buying pressure Necessarily the buying pressure is actually happening up here. Okay, look at it again. In fact, can I reduce the transparency on the candles? No All right, so we just turn them on and turn them off But the buying pressure is not down here. It's not here at all. We see selling pressure And so what is it down here then in these wicks down here? Well, these this is trap selling Okay, or stop runs And and the buying pressure comes in up in these areas up in here Okay, and then that shift remember the shift candle we talked about like shifts away from that market Happens here at 10 10 a.m And the other one happened here now this one it doesn't look quite as convincing in fact this one here We don't see it in this candle here, but it looks very similar if we look at the volume Okay, the volume in here compared to the volume in here in the move up Okay, so now we're starting to understand much deeper About the buying pressure Where is it taking place? How is it making higher highs on what type of volume? Hey, what about these this lower low in here are some of these lows in here where they're selling in here? We can see it pretty significant selling look at the bars down here. Look at the size and color of the dots Red dots and market sell orders All right, so this is further analysis Much deeper understanding and it's all here and it you don't have to dive deep into it to understand this It's right in front of us You know, it's not much effort to to to understand that Here now we can start to understand what these wicks mean and what these bodies mean up in here And maybe these small small wicks on the on the top side. There's Basically, we're just seeing more buyers at these higher areas in here And some trap trading in here looking for the move lower And then we see the big stop run here at 10 a.m. As you can see in the red line here Okay, so now you can see and understand get into the details here of what is Transacting and where and then the the MBO bundle here from Book map is showing you stops and icebergs and we see a lot of iceberg absorption or selling in this area here as well, but Nonetheless, we see price continuing to climb higher all right, so now we understand the Transactions within the price structure any questions so far on this Jump back here Okay, Joe. Yeah, making making more sense Yeah, I mean we've covered this so many times But it's just a good review to go over and understand again. It's about the market structure The transactions within that structure and then the third element is the heat map Okay, and then the insight we're gonna get from the heat map here. Okay, so let's turn on the heat map And then we'll turn off the candles for a moment here and we'll probably turn them back on okay, so now We have understanding of who's on the other side of the trade in here So the the heat map is showing limit sell orders above the market here and these are limit buys down here Okay, so what happened here at 930 you can see that there's high liquidity Mostly still even pre-market up here. Okay at 4380 also in here around this 77 level here 78 Okay, now they actually pulled some of that liquidity before they transacted some of it transacted it looks like in here Hey, what about the bid how does the bid look where are they bidding up? Do they want to be buyers in these areas a little bit but not too much and not not like the the sellers that we see here So what happened here? Well, we knew that there was buying pressure. We knew that the structure in the auction is showing that there's just slightly Increasing price in here in general And we have high liquidity in here and then this is where we can really start to read the magic in here Okay, there's there was that other shift little bar in here But we're getting even more insight from that little candle in here And here's why Hey, remember how we looked at this one here is being pretty important And then we turn on the volume dots though and we can see that actually this one was kind of important here, too but it doesn't look like it And now we can understand though something another context here Well, there's high liquidity in here very very high liquidity the most in the order book at that time Right here at 4380 and buyers started to go after it pretty pretty strong buying. They didn't trade into it or through it Hey, so that much we know so this this candle here that you may be putting a lot of weight on When you look at the heat map in front of you It's right, you know a top this This price action Well, this is giving us a lot of insight here And we need to have a lot of buyers not just kind of trade shy of it They need to trade through it and they need to trade through on large volume And we do get that follow through here Okay, so Now when we look at a breakout How can we reduce risk on a breakout trade? How can we gain insight from these three elements in book map? All right. Well, let's let's take a look here. All right first Let's take the candles off again, and we'll look at these three elements All right, so all of this churn and back and forth in here This is a lot of volume and now we know that at 9 30. There's a lot of volume and here it is in front of us Okay, you can see that a lot of selling in here Hey, a lot of buying in the in the in the game In the kind of tops of these areas in here as well Hey, now someone's gonna lose in here And we want to be prepared for this scenario of The who's who's gonna win or who's gonna lose and what is the probability? Or what is the scenario of these traders within this tight little range in here? Because when it when we boil it all down Yeah, some of this matters here, but it's really all of this activity in here that matters Okay, so if we trade it up into here and we'll go through these scenarios If we trade it up into here And we still have high liquidity in here like we do We see the buying trading into it a little bit in here And then we don't Right, and then we actually see some sellers in here. This is where sellers Can trap the buyers if there is enough selling pressure Okay, so if the scenario would be this let me bring out the pen the scenario would be this that The these us I'm sorry These sellers in here which are No, I'm sorry, let me let me start again here is the these buyers in here. Okay at these higher highs in here Okay, all of this buying in here Okay, this is where they could really feel the pain here If the if there's enough selling to start to make it go lower And we'll have a nice Retest not only of the low of the range will probably get a break. Okay, especially at this hour 9 30 All right, so That's one of the scenarios secondary scenario is That well, it should be the first one actually all of this buying in here Is pressure to trade into this high liquidity here and through it Okay, and that's the one that played out and We don't know right now Where do we know and where do we have more confirmation in here? And this is one of the issues with a breakout trade. Okay is the risk But once you start to see that high volume in here And you know that the sellers are actually trapped these guys and these guys and these guys here They are the ones trapped and we start to trade into and start to trade through On your breakout trade here. This would be the safest area to get involved Okay, after it traded into and through and you still see more buying pressure This is why a lot of people don't like breakout trades Because we have a lot of risk here. Are you buying too high? you know what if if we had some other scenario here where You know maybe maybe in here. I'm not really sure It doesn't doesn't really look like a good good area in any of these places to get involved And and have some sort of edge in here for the buy side. It would be here. That's pretty high up And you have all this risk in here now what you do have though To your advantage with getting in some place around here Is that it should work immediately And it did in this case And you're in profit immediately. You probably didn't go one tick against you Right, but the risk is pretty big you are risking this Well, it depends on where you place your stop. Maybe it's here Okay, maybe it's even here. Maybe it's that break even really really quickly So maybe it's a few points and you're you're it's worth it to you It's worth it to you. You this is something you've back tested and you've studied Uh, and you know That there's a lot of buying pressure in here and you've identified the sellers in here And once you start to see that volume take on the aggressors take on that high liquidity and trade through it That's where you're looking for them to carry it to a new level All right, so let's uh, let's cover that uh as well So a new level. What does that mean? Okay, well, we can take a look at uh measured moves in here and why measured moves work as well Okay, I'm just going to make the same width here Uh, and then we'll take this here And we'll move it out Okay All right, so and why why why does this work in here? Well Typically, I mean there's many factors and this is we can talk about atr Average true ranges and why they work And now it's it's a guesstimate in here Uh, but there's a concept to it. Uh, it is market breadth. There's only so much buying pressure before the market has to take a break Uh, or selling pressure now. It depends on the players and and depends on many things. Uh, it depends on data Uh, if there is uh data coming out at that time, uh, a lot of there might it's a liquidity issue As well. Uh, there might be, um, uh, a lot less liquidity in the market and the same amount of players Uh, or aggressors Put it that way Uh Can move that market much much easier because of less liquidity All right, so uh, there's a lot a lot of different kind of factors to to understand here and Anyway, we're just going to go with the, uh, atr as a general, uh, rule of thumb In market breadth and not consider some of these other factors in here At the moment, okay So now what we can do if you're looking for that breakout and you see that strong buying in here Okay, you're looking to match this with liquidity up here as your potential targets Not bad here, uh better even here And this is outside of the range though. Basically, this is a little too high All right, so, uh, anyway, uh, you can see that liquidity right in here Now these these are areas to consider managing your trade at that time All right, so now we're going to talk more about the the risk. We talked about entry Okay, and again, these are not trade recommendations. This is about understanding the order flow Uh, and uh, some, um, trading setups or strategies within here Okay, risk is a part of it It has to be taken. Good morning, Debra. Uh, this is uh, Debra This is something that, um, I want to address as well. Um, with risk Uh, because this one worked out Okay, there's all sorts of things that can happen in here That maybe there's enough volume to trade into here and take these guys on the limit sell orders But we see the move back up You see exhaustion maybe or maybe just heavy selling comes in that overpowers this buying Okay, so what these what looks like, you know, the biggest, uh, volume here on the chart is actually, uh Overcome and you can see it here in the in the the bars as well By heavy selling Right and it moves right back down to that where it broke out from here at 80 And then likely will move back down into value area here or this in this chop kind of the medium A median area in here Whatever stat you want to go on But understanding that This is where it traded and and chopped back and forth And that if this is outside of that range and it does not accept Then we're looking for a move back in And then potentially to the other side here and then maybe even a breakdown Right, so what looked to be like a good entry in here for a breakout trade And it's not that good of an entry for a breakout trade as we discussed So it's too high And there's there's risk involved here now Maybe you can you can take in an account that this is the open And maybe you're you're looking for that momentum move That that's fair enough however The the risk is high in here and the Yeah, we'll we'll I'll go I'll go over the the risk assessment if it moves back in But you can you can have a tight stop on here. You're looking for this to work immediately All right, and then you're matching where you think it might go based on where the sellers are And also you have other factors in here. Maybe you're a fib trader The well, this would be a hundred percent right of your fib So that that's where you'd look you'd look for the move or 200 percent. I'm sorry So that would be your extension your fib extension up here All right, so start to match these Areas in here with your method of trading All right, so Anyway worked out nicely And maybe that's it for the day. Maybe you can be done for the day If you can really get good at some of these moves and look for that to unfold So anyway, what we're talking about again is a range And a breakout trade here okay now How do you and this will answer debora's question that she's asked over the months How do you know That Well, you always seem to be buying these highs in here and it reverses back in and then you just get Overbid This needs to be studied and back tested You're looking for the relative volume in here compared to all of this in here That's one element Another element to look at in here is starting to understand where the trap traders are and this will fuel that move to the upside And that's another one having these the we've talked about traps now for a week and a half or or so um And well for years basically, but we really covered it in more detail recently Uh and understanding that we have that trap Uh fuel that fire to the upside here They're on our side actually you want to trade with these sellers in here because they will be the buyers in here that will help the move All right, so uh now if it does not work out Then a tight stop is necessary Okay now where where you play place your stop again is is something you're gonna have to um go through your own risk assessments in here If you place your let's suppose you got in here right here Somewhere around 82 let's say Okay, so you got in at 82 after it traded through that liquidity Okay, you were pretty aggressive on that entry Uh You're looking for it to move immediately if it does not work you are out Okay, so maybe it's down here Uh, let me uh, I don't know I'll continue on um We'll I'll go over the it looks like around, you know 79 or so something like that Uh, or it could be around the swing down here Okay Or it could be you know your point of control down here somewhere around What looks to be pretty close to the same here Uh somewhere around here Okay, uh, or maybe you're looking for a much much bigger move for the day You're looking for this uh kind of um figure here at at 4400 4402 to transact Uh, so maybe your stop is down here Okay around 71 or so now this that would be a much different way of looking at things compared to this short-term move Up into target up here Hey, you would not put on that kind of risk Uh It would not be worth it Right, so uh debba one of the things you really need to have here And looking for breakouts is you have to have that strong volume You have to identify The coil here And the in the the trap traders and you have to go through the scenarios Okay, so what what if what if it does this this is what you're looking for You can stay in it and look for the move if it doesn't work you you get out immediately and look for the next one Okay, you take the small loss it is one out of 100 or hundreds of trades that you're going to be taking And this one didn't work out And that has to be digested and accepted Uh, and also put into your your your strategic plan of understanding Uh that there's going to be a percentage that don't work out you should know that percentage That comes through your back testing All right, so what we're looking for again Is number one This uh range in here And we're looking for uh the uh the traps Number two, uh is you're looking for uh the the strong uh move from one side or the other And you've gone through what it looks like Okay, we went through initially this scenario here It where we would have uh, we would be looking for the sellers here Okay, and then they would take this down Right and that these buyers in here at these top areas got it wrong Uh, and that they're going to feel the squeeze uh to the downside All right now, uh the other scenario is that uh the um it is the the opposite of that And uh then we're looking for uh these sellers here They got it wrong Uh, and they're feeling the squeeze uh to the upside And now we have so number one, uh is uh, we're looking for that range and we're looking for these buyers or sellers in here And then number two we're going through the different scenarios. What if And we're preparing for it. Okay, we had a measure move in here Uh, we're looking and adding liquidity in here like uh in two different areas here and then here Okay, and the measured move is due to the market breadth and also, uh, the you know these ranges in here, um In understanding where it might go Okay, and then uh, and then we've assessed the risk as well Okay, so now we're looking for that strong volume. We got it Uh, and then uh, like like we'd mentioned it is somewhere around in here around this 82 area After it's traded through and you still see strong volume here Okay, so this is a momentum move a breakout uh and a continuation All right, so uh, this is how you back test it. Uh looking for these things Uh, and then Then you're looking at hundreds of instances of this not 10 Not two not one hundreds Hey thousands Uh, and then now you you know if you have an edge or not Uh, and then once you see this and you've gone through that scenario and you see who's on the winning side in here You're prepared you take the trade Uh, and uh, and you manage it Okay going through the uh, considerations in here in your trade management All right, so just going just went through in detail in here a setup for a breakout Uh, and it's it's it's not bad not not bad one in here To take a look at here Right, so any any questions on this this is uh, you know, I think pretty pretty important stuff uh to start your um You know process here for building your trading plan So it's not just I think what a lot of traders do Is they go oh, I I understand it conceptually And then they just start taking the trade And that is that is not the way to go Understand it conceptually and break down the pieces that you're looking for and know exactly what they look like List them out Hey, you're looking for these elements within the setup. Do you have them? What do they look like in here? Uh, you can grade them All right, so it doesn't look really good. Does it look bad? Uh, and uh, if it doesn't look good, well then this is you would miss it You would pass on it and this would kill you to see this right? If you're missing out But it's okay Because you would miss it and you just look for the next one because it didn't meet your criteria that you looked at like hundreds of examples Okay, j traders really good at this. He has hundreds and thousands of examples Uh, and has done that hand back testing All right, and then once he has that uh understanding, uh, he knows exactly what he what he does in here And he's the first one to say i'm cutting the trade I'm out Any we've seen him do it several times. He'll be on tomorrow at About 10 15 usually it was when he comes in east coast time Uh, divergence between stops and icebergs in here um, thomas well, um Yeah, let me let me answer that in a minute. I just want to make sure that uh, uh You know People understand or if they have any questions on what what we're going through in here understanding the concept is just the Beginning here just the beginning Uh, and then going back and then really looking into the details in here Uh, I mean, you know over a weekend if you did this in replay mode, uh, and had many data files to take a look at uh You could develop a trading plan in the weekend And you could be trading it now I would suggest that you go through at least a few weeks more But you know, you should have somewhere around, you know 20 maybe 30 examples That you could develop it within the weekend And then you'll know so much more About what you're looking for and you're only looking for that Only that And then now when it when it occurs You're prepared for it and you know how to how to manage it and you know how to trade it And then you just take it again and again and again All right. Anyway, I'm starting to maybe beat a dead horse. But like this is Why we go through many different examples in here in book map and many different, uh order flow phenomena and and setups in here is that to Go over some of these ideas and concepts in here and then take some of those home with you Uh, maybe one of them resonates with you more than another Like this breakout trade in here. There's a lot of risk You're you're buying up here Hey, but is it really though? Because you didn't this didn't go against you at all Not a tick Right. So it is your risk really high in that in that instance. Well, no In realistic terms, there was no very very low risk Hey, but we've all been in those kind of breakout trades where all of a sudden Everything stops And it turns around and goes the other way Okay, so again, we have other factors to take a look at in here and mark up in your In your analysis and spreadsheet That you are looking for in here Uh, you this was time of day as well very important element Hey, this is the cash open here at 9 30. Here's our breakout Look how strong this move is now. We know that this is strong volume here Okay, uh, and the market breadth and we're looking at taking some off up in here at minimum. Okay. Now I would suggest Like this would kill you to take a look at and you just like oh my god. I only just took let's see 82 up to um 88 I took six points out of the uh, see what is this level here? Yeah, 88. I just took six points out of the s and p instead You know, I could have had uh uh You know 22 points out of the s and p or 20 points out of the s and p 20 point move pretty nice right I would really recommend start with just the simple one And take the profit and look for the next And don't make this complex This if this is the setup you're looking for because many times it will come up here It will reverse back down go the other way and you keep buying into it and buying into it And then now you've you've lost a lot on a really good setup Okay, um, so, uh, just because you go. Well, you know strong volume in here Okay, so, uh, anyway, um And you know take the uh the easy trade Build confidence If you're looking for this and it did it And you got out of the market look for the next next instance. That's it as as simple as that And then you know, maybe maybe it doesn't present the rest of the day You know, I mean the the funny thing is is these markets are fractal. I mean you can trade your heart out It did it again here. Okay, and look at this. Look at this breakout here. Now look at the difference Okay, here's a here's our consolidation in here It also did it here Hey, here's our consolidation And here's our breakout strong volume. Okay into high liquidity right here, right? Uh strong volume through it and then you you get in maybe uh someplace here Okay, let's just say right in here You know something like that Uh, and that's the setup right? Well, you know, you can look at your measured move. Uh, so, uh, you know something like this uh, and Well, it actually it actually did it No, uh, you can see that it actually did it Uh, your your target would be like this liquidity here. Maybe maybe this one But just just here Okay, and it did it now. Look at the difference though, and let me let me clear all the drawings here Look at the difference though between this here And this here Look at the selling starting to come in. Okay, this is the selling over here that came in Uh, look at the buying up here look at the buying up in here Okay, it looks very different. All right. This is another thing to put into the plan Uh, you're looking for strong consistent buy volume all the way up Okay, you're not looking for this selling in here Okay, now if you manage this in here, uh, well your measured move would have worked out Okay, and you're looking for your quick win and you're moving on And that's it Okay, so here here's your measured move Hey, let's even give it a little bit more and uh And there it is. Well, yeah, there it is like it it wouldn't even higher. Okay, but this would be a good area right in here to take your profit Some some place up in here around the This level here. Uh, it looks like about 98 All right, so and look for the next one Build confidence. You just made another, uh, let's see here We'd have gotten in probably here around 97 to 90 98 or something Okay, it's a point, but it's not much Uh, however, you just build more confidence And then you look for the next one All right, so uh, and then once you start to look at these things and you know become an expert in them you look for more I hear there's another one in here Hey, there's another one in here And now this one here look at this one. I would not be taking this one Okay, well first off. I don't see there's selling in here Uh That's okay, but it's really just a pullback and a move back up Uh, I'm looking at the consolidation range in here And I noted this the sellers in here Uh, and then the buying back up takes them on and the trades through it looking for the move All right, so uh, anyway, this may sound very rudimentary to a lot of you guys And uh, we just haven't covered it in a while. I wanted to go through it in more detail so that It's very different than what we're talking about during these webinars typically reading the order flow and analysis and where price might go Now we're really getting into the nitty gritty here about A very precise thing you're looking for and that's it and then managing it Becoming an expert at it Simple trade simple setup And then just doing it again and again and again All right, and within these now there's a couple winners in here great You know or maybe maybe this one here even Well, you know you if you went by your your kind of you know market breadth or You know measured move in here. This is this is what you're looking for So you would have been out and you would have moved on Here this is what happens though and this is where people unwind And this is what we we hear about trader psychology Uh, and uh, yeah, I'm not a big fan of the trader psychology You know I Will address I'll address it in the in the future, but like it's very simple. This is your setup. Can you manage the trade? That's it You don't come back and say well, you know, it's it, you know, it pulled back a hundred percent I I would have gotten knocked out here at break even or maybe a small Either a scratch trade or a small loss if I held it, but why would you hold it? You're looking for just this Okay And we're not going to talk about you know legging out of it here one contract and then you know legging out of another one Or letting your runner not now just this simple Direct you know what you're looking for and and it's playing out Look for the next one And uh Become an expert at it And then you don't have to worry about managing it down here A lot of us what happens is, you know, we like oh, yeah, yeah, it's going my way. This is great This is just great I'm looking for this to come up into this liquidity up in these areas up in here test the figures Got it. It's got to test the figure right 4400. That's where all the sellers are and we haven't tested in a while We're looking for that well How many times I've had have you have you done that and then in here These sellers really pick up Uh, and then they drop it And then you're scrambling Maybe taking a loss down here Maybe you're adding in Down here thinking well, you know, I'm just going to average in down here. I'm looking for the bounce back up Uh, and uh, and instead now you've added in and it's continuing to go against you now you have a big loss Okay, and you and you've just ruined your confidence On a good setup Okay, so the trade management Uh is follow your rules And then that will take care of the psychology Hey, now if your rules are different That you do something like yeah, I average in to this I average in here Uh, and then I average in here then that's something different Okay, and then that's more complex and I'm I'm recommending like in where I'm covering this example here with trading Uh with it's all in and it's all out and that's it. So we've taken a lot off the table here Uh, we we don't have to worry about the trade management as much and that's a good thing Okay, we're just looking and building confidence uh in a higher probability setup Okay, that we've studied and we know works Now if you want to come back and you know fiddle with it, that's a whole different thing Uh, and then that's a whole different study as well Right because uh, uh, maybe you found that yeah, you know, I I usually buy it and I usually My my studies has shown that it comes back and retest Many times the top of the range Okay, great. Well Are you and then You know your studies show that uh, well, you know or or you know, it trades back down to the high volume node here All right, let's just say it's somewhere around in here and then you're getting involved in here Right and then uh, I've shown that it works, you know, majority of the time but You've studied it and you have risk management in place And if that is the case that's something very different Uh, and uh, you've only put some risk partial risk on up here and you've only put partial risk on here Okay, and your studies have shown that this works. Well, that's something very very different All right, so anyway You know, I'm I feel like I'm I'm I'm lecturing here. I just want to go over higher probability You know setups and and and building confidence Because once you start to build that confidence Then you really can look at other setups Or just get really really good at your setup and I would suggest that Uh, and then and then you can look at variations in your setup Or variations, uh in your trade management Hey, your trade management would be like, well, I have found that if I take this here, I usually get a pullback Hey, it doesn't go like this all the time like down here at the at 10 o'clock or just before 10 Uh, you find that you get a pullback here Okay, so, you know, you can do your measured move Maybe you you get in you take some off you add some back in and you look for continuation again Okay, now where where would you get back in again? I would look at uh right in here now. This is um Uh similar uh to and again like looking for uh, uh, there's a little bit of a Structure in here a breakdown a move back up and then look at the buying coming in here Right. This is again. You're trapped selling in here or your stop run Okay, so the the area to look for And again, this is something you need to look into and this would be a very different pattern here This would be like a flag pattern. So what you're looking for is strong move on strong volume Pull back and a continuation All right, so starting with this breakout trade you can you can parlay that into a flag pattern trade And you can see it. It's just everything is unwinding now It all just kind of unwinds here and this is where we have to be very very careful Okay, because what happens is Uh when it starts to unwind like oh well, I'm just gonna do you know, I'm just gonna turn this into a flag pattern trade now You know don't don't do it There are two separate trades Okay, or if it's one trade then you have to have both of these All the time Right, it's your risk management have to be in control of that Okay, and so you have to know you have an edge first Then you have to be in control of your risk management Right, so anyway considerations for your setups and building out your setups Right due to what we see here in the order flow now. We started off with Uh the breakout setup in here Okay, and uh what we're the factors that we're looking for in here again Okay, this coiled up market Looking at the buyers and sellers in here and and the potential trap And the fuel and the breakout to the upside or downside Okay, so we went through the different scenarios too And then we also went through trade management Entry exit and stops all right any questions here, uh, so let me let me double back here, uh and um Oh, thank you slow down. I I don't know. I I I think it I'm hoping it's clear Uh, I appreciate that though Uh, I think um, we do have um, I have been telling you guys for like over a quarter now Like over three months that we have a a setups Um We've got over six months now. Uh, we have a setups course coming And it is going to go through these types of uh scenarios here in building your setup It's going to be a different kind of uh educational course that we'll have coming soon Uh, and uh, if you like it and use it if you don't at least take away some of the Components and elements that you're looking for in the order flow That will help your setup Okay, so for example slowdown looks at Um these uh white cough springs uh in an area of consolidation He's looking for a stop run and and uh below the swing And a move back up Uh, and then he's looking for those buyers and trade to the other side of the range All right, so uh now though he he's identified the elements in the order flow And what he's looking for very very specific and that is an edge And that's how you develop your edge Okay, so what we're talking about in here is something kind of similar elements about at least trapped traders Not so much a stop run, but the stop run might may be taking place in here um Not waiting for the stop run here, but waiting anticipating the stop run in here Okay, so that that is a different thing, but they're the same elements looking for All right, so uh anyway a lot of food for thought on all of that And uh, yeah, let me know if you have any questions and we can go through it again We haven't even looking at the higher time frame yet Let's let's do that. Uh, and then I'll wait for your questions here My a plus setups thomas like I I love the the breakout trade I'm always looking for it And then you know, this is the funny thing like uh, uh, and I'm looking for these kind of continuation patterns and flags You know, I'm looking for I want to be on the side of the uh Of losing control All right, so uh, and and that's that's what works works best for me Uh, and you know, I can read it in the order flow here. I I know I know that these things Work in the order flow mostly Okay, not always but mostly Uh, and uh, you know once I once I start to see that and understand that Uh, then I can start to take some risk on it all right, so again That leads back to what we talk about all the time understanding the participants in the auction Okay, and uh and learning from that Uh, your question on divergence and icebergs in here. Yeah, I mean So, uh, yeah, look at this. It's pretty pretty heavy iceberg, um, uh, selling in here So we're up at like, oh, let's just turn it on the on chart it looks like somewhere around It's quite a few, um 1400 right, but we zoom in here is not going to be that but, um We see a ton of iceberg buying in here all the way up 68 all executed 255 eight eight different, uh, uh icebergs Here are 13 different icebergs for almost 500 Here's our big stop run a couple stop runs one here one here almost 600 here And continuation on icebergs up in here now you can see a little bit of a flip on the icebergs But the majority was was selling and And are they the ones that are getting stopped out on the on the continuation move up? Were they taking profit from the other day? They know they can get out in these areas larger players. Are they hedging? We don't know What larger players are doing necessarily? Uh, we just know that these are iceberg transactions Okay Now when we get that in direction of a move, uh, that gives us a lot more insight Okay, now we also know that the behavior, uh, or the traders using stop orders Okay, not all But many Are using them as stop losses Okay, I use it for you know breakout trade all the time, uh, you know place a buy buy stop up here Uh, and I'm looking for if we can get through that liquidity and I see there's high volume. I'm placing, you know um I'm looking for that high volume and uh looking to you know have it take me into the trade All right, so um, that would be a stop Uh, and I would be in that stop. Um Data here, okay, but I'm buying Um, well, I'm buying to enter not buying to exit so anyway, uh The point is though most of them are stop runs and stop loss orders And it is a sad story to see and you can see it all the time There's a lot of people they get caught up in these things and they have to exit Uh, this is one of the main things that drives short-term price action. Okay. I think I've answered all the questions there Uh, and let's see here A measuring tool. Yeah Um, I hear you uh s I too, um Want a measuring tool in here? Uh for years. I've I've uh suggested it. I'll do it again Uh, okay. Yeah, thanks Dan Dan's helping out t 46 Oh, thanks trader Pete Um, yeah, I mean, you know, I know you're an expert trader. Uh It's uh, uh, maybe it's just uh, good to good to hear, uh, again But you know, I want to transition, um A lot of this I mean here's the goal, uh is like we go over or we've been going over order flow for a long time Uh order flow phenomena and uh, and it's been really helpful for a lot of traders Uh, especially in the live market. It's been really helpful Uh, so that people can understand Uh order this what first off what book map is showing? And then how to read it, uh, and what's good about doing in the in the live market is We can point to it and go okay Now because of these factors it is more likely to go this way or that way Right, uh, and that's good because and then if it does unfold if you're objective at reading it and understanding the behavior Uh, then you can look for that to unfold And that that's very helpful And it more it objectifies it for for people, uh, but now we're we're going to trans I want to transition more into um Specific setups, uh, and also the book map academy Uh, you know this junior academy And uh, this you know build a build an elite, uh trading force here Okay, so we're gonna go through we're gonna go. I don't know if you guys saw this Um, I was really happy to do this and want to do a lot more On our youtube channel If you go to videos here Uh, it's this one here. This was um a week and a half ago Friday not a week from last friday And uh, we it was the book map academy trader trade reviews Okay, and open the mic up go over other people's trades here So, um, are you reading the order flow, uh, correctly? Does it does it help? You know to to cover or answer any questions that you may have in here and then And open the mic, uh, we had a coach in here jack Uh, we're gonna have other coaches In here, and they're gonna go through. I I liked what the trader saw here or there or You know in the bigger picture what they're looking for et cetera and None of it's some of it was positive. Uh, we'll go through the negatives as well We'll go through, um, you know where We'll try to give a really good feedback back in here. Whatever it is that we want to give very very good feedback in here Uh, and uh, you know start to understand like, uh, I mean, here's here's steven who's been working really really hard Uh and identifying all this order flow in here And then the the comment was okay. This is really good. You're identifying these things Uh, but it's it's too much Like like take a step back like focus on a few things and get really good at those few things uh, and uh, uh, then then you can like a lot of this you can kind of address later All right, and uh, and you know bring that back in later like we're talking about maybe you're looking from a Breakout to a flag pattern and maybe you're managing it multiple times within that move That's a great strategy. I mean, it's like two separate trades. They're all high probability You're you're buying the breakout. You're getting out some you're getting back in on the flag and then you're getting out some again Uh, what a great way to uh, uh capture a trending day All right, so uh, anyway, my point is that we want to get back more into this bookmap academy stuff here I'll show you the link here. Um, so if you're interested in this, uh, this is if you want more information about it, uh, it's here, uh, and uh, bookmap.com English, uh, and then academy or to bookmap.com slash academy. I think takes you right there um, but um Yeah, so here it is in slack and then our, uh, discord and then here it's in youtube Oh, Dan already got it. Thank you, Dan. Um, so the, um, uh transitioning from reading and um identifying order flow phenomena into, um setups uh and trading Right, so uh, and that the academy uh is going to be the uh kind of a vehicle for that Right, and then these webinars trade reviews, etc So if you're interested in that, um, yeah, take a look at that academy. Maybe maybe that Is something that you have time for if you don't, uh, you know, um Uh, we'll come up with other things. Uh, you know, we can have like maybe higher time frame. Um You know swing analysis, uh within the academy or maybe we'll go through, uh, You know very specific, uh, um, you know opening, um, uh strategies, etc Okay, so it's just, uh, uh, something we're starting um All right So, uh, let's see Any more questions in here? Yeah, Stephen the you went over the market mechanics course over the weekend Uh, great to brush up on the basics. Absolutely. I I do I do, um, recommend that people do that Let me let me show you where that is and so so What I'm so Stephen went from this here, uh into now simplifying it And then identifying very specific elements in the order flow And what has helped uh was go to here. Let me show you where to go If you go to the more button up here, uh, and you go to the book map learning center Let's just open it in a new link here, uh, the book map learning center is the Market Mechanics course here. Okay, so we'll put this link into the chat for you as well Uh, the market mechanics course click on this is there's four um Webinars in here. They're about an hour long each Uh, and just start with number one The basic market mechanics Okay, because what we're going over in terms of that breakout trade you will see on the smallest time frame Something like this right in here. It it exists It is here I'll show it to you now And uh, but understanding how these markets work and how they move Uh starts with this market mechanics course All right, so uh, let's just jump in here and take a look here Here's our breakout trade right here on this time frame. It does it does coincide with the higher time frame Uh, now, what do we have here? Hey, do we have all the pieces? No, I don't know yet. It's just it's traded up into this this liquidity here We do see the transactions, but I want to see them take take them on and trade through it. Did they trade through? No No, they didn't All right, so let's see now. Do sellers come back in and try to in this time frame. Do they come back down to here? Uh, oh one and three quarters. Okay, or oh two here Hey, do we see sellers coming in? Let's let's look for exhaustion here meaning lack of green dots Okay, you can see that's not happening Hey, or or do we see sellers down here now a lot? We need to see a lot Okay hitting hitting the bid here hard Okay. Yeah, it's kind of muted. It's it's really not giving us much information here at the moment okay So, uh, uh, then then pass I would pass on this Right what I'm looking for is either Buying up here and then a move up into o4. Just just just that Okay, here's here. This is where we're looking for our buyers Okay, there they are and And it pulls away there they are okay, so now they got it's a little bit of trap traders here as well Uh, let's see they should be able to bring it up to o4. Okay, and we'd look for it There it is immediately. We're looking for it to work immediately again. That's helps us reduce the risk Okay, now this this little you know, I wanted to go over this as a micro structural example and it was working But it's not a very good example because it's not micro structural That's why We we can see that this the breakout on a higher time frame here Okay, so, uh You know this kind of o3 and three quarters on up to and where did it go? Let's just measure this again And put this into our analysis Okay, here's here's our range here and here's our this would be our measured move Okay, now we have now it doesn't always work out perfectly uh Wow stop run. Look at that massive stop run 2600 Yikes, uh, it didn't it didn't do it. Uh, it came up into this liquidity up here Uh, and that's it. It didn't come up to uh 44 10 and 44 10 is what we're looking For actually 44 11 is what we're looking for okay, so One of the one of the things that you know, I like to do on this setup here Is I like to get out in front of some of that high liquidity because it doesn't always do it So I like to get out in front of it. So a lot of times I give up points okay, but That's that's okay. I'm I'm okay with that Because uh, I don't have to put up with this now And take a scratch Okay, so, uh, you know that that's something to to look at in your analysis Even you can even look for a half measured move Maybe that's something that you find works And there's reasons for that as well Okay, so that would maybe that's even you can even trade it up into half And then look for it to reject and then come back down and and take the other trade on the other side Okay, and and short it into the range that would be more of a mean recursion there Okay, so now Anyway, a few different ways to slice and dice it All right, let's see here Yeah, steven. This is really good to hear keep it keep it simple Um, uh and Uh, you you know, I you're putting in I I see in all these webinars, uh tremendous efforts And this is excellent You know, but now focused efforts Uh, clearly, uh, you're passionate about it, uh, and you want to learn it Uh, well, you know, well, welcome. Welcome to bookmap and we're here. We're here to help you Like we're giving you feedback Uh, we'll take it further All right, and you've got the discord community as well, of course I know I know you've gotten a lot of good feedback from uh from everybody in the community Uh, and then now focus your work Okay, just look for a few things Uh, and then uh, just start with that and I would recommend not trading whatsoever Not even in in, uh In sim Okay, you before even pressing the button know that you have a high probability trade That's the first thing you have to have an edge Have to know you have an edge Uh, it starts with that. All right, let me see morning paul Yeah, a lot of icebergs um A lot of iceberg activity, uh, and uh as they're just getting You know slaughtered, but like I said, we don't know About that iceberg activity And a lot of times what you see, I mean god, we've We've seen it so many times like um, you would think that like with all this iceberg activity here You know, we we have a how many from top to bottom here. So we have what 361 here down to uh Well, you know So over 3,000 3200, you know something like that Uh icebergs, uh, just since 10 a.m All right, so Uh for the last hour and 15 minutes Um, it's not a whole lot, but it's not yeah, it's It's okay I mean when you start to see 10,000 20,000 Uh, and you see like it they're just getting it looks like they're getting killed What's really going on? A lot of times you'll see an update like that Uh with just massive iceberg selling And then you can you can look for maybe three down days after that and so You know go back and and this would be building another strategy in here Uh with your icebergs is starting to understand recognizing. Wow a lot of icebergs. Okay Well, uh, where do they start to really trade? Well, it's down here So and and this is the top of this top of this range in here All right, so you can even look at this area here as being a really good our 4380. We'll probably come back on Friday And uh, uh, look at this 4380 again Uh, or in the next few days, uh, 4380 maybe even you know later today. Who knows But this would be an area where if if All of these are sellers for entry This is where they're You know all in profit all of them And so that 4380 is probably going to be pretty important Uh in the future. I mean, this is where that breakout trade happened So the markets can be very jittery down here around this 4380 area Uh, can I filter for it? Uh, alexandra? I'm sure Uh, we went through trader map pro the other day Uh, but we can filter this this heat map in here in all sorts of ways Yeah, the uh trader map pro is the um the key on that one. Uh, let me uh We add it here the es Now when you use this, uh, this tool here as part of the mbo bundle, okay, we we added it for free um, I don't know how long ago maybe less than a year ago um, but uh We have many different algos to take a look at in here, uh as well in fact, um We're gonna get rid of this one. We're gonna add a new one here Uh, and then we can look at uh, this one is really Some of these that get There's new out algos. I actually have to go through and and kind of brief myself on Uh, so I can bring it to you guys, but we're just coming out with them Uh, and then this one here on the order, um change Um is is it gets really interesting. Um The uh The change in here. So, uh, if we Click on change actually now we have the option for Not changed So that's what i'm going to cover here Not changed by price or size or price Individually or size individually. Let's just click click on this one here price or size Uh, and what does what does this mean here? We're going to click play we click play This is going to open up this symbol here Okay, it's going to be a new symbol a duplicate symbol Uh, and we'll have it'll be a new tab over here. So I click on play and there it is there see It's not supported by stops and icebergs. Okay. Yeah. Um, so, uh, it's just telling me that um Uh stops and icebergs do not work in it. Uh, because I have filtered them Okay, it is mbo data, but I filtered them. That's that's all it's telling me Uh, and uh, and here we go. So it's it's building this new map here Uh, and uh, it is showing orders in here For the es That did not change in size or price So this would be your significant, uh liquidity at 15 Okay, this would be your higher time frame bigger, uh larger players in here Okay, it's a very different heat map is this is an excellent tool you guys should play around with it Uh, and build strategies out of this in here as well Looking for that very serious liquidity that's staying in the order book like here at 10 Okay down here, uh at uh Uh at four and at five and they they were they were staying in the order book for quite a while Okay, so you can identify these players here. This this is where they want to trade Does that answer your question? Alexandra, uh, alouise you should have access to all of this. Um Uh, you update your um your trader map pro Uh to the latest version. Uh, I don't even have the latest version right now. Um, I'm I'm going to be being I'm going to be briefed on this soon uh, and um You know understand, uh Some of these new algos in here. Um, I'm using version 2.6 here as you can see Uh, I do not See that as out of date So, uh, I think this is the latest one right, so Uh, it should with the add-ons manager in here, it'll it'll tell you that you're updated or not Uh, you know immediately Okay, so if we go to the add-ons manager, um here Uh, level one level zero is for connection book map connect level two is the add-ons Uh, and then you can see in here the versions If you do not have the latest version, you know, you'll be um notified as you start book map Or even during uh, so here's my trader map pro 2.6. I believe that is up to date Yeah, I mean like you cannot trade off of this either. Uh Note that uh, you it's not possible to trade off of this. I believe Looks like I actually can Yeah, I I'm just not even gonna try here. I'm just gonna say you cannot trade off of this. It is, uh Kind of a um synthetic instrument basically All right Okay, we created it here and then and you can see it right here the because it says es cme and and this is uh right here. This is the um What is it order flow? Um Or orders change Uh filter that's ocf and then it's at tm which means trader map Okay, trader map dot pro Okay, whereas we came from here esz Dot cme from at rhythmic. So this is rhythmic data. This is also rhythmic data here But it's it's a totally synthetic instrument we created All right, so uh, you cannot trade off of synthetic instruments All right, and and you can see the look at the filtering in here. Uh, in fact, let's uh, let's do this I will take this one out Uh, and I will put it here. It's not what I want There that's what I wanted. Okay. Um So this one here is the es on the uh on the right hand side Right es. Oh, I'm sorry This is the the uh trader map pro filter and then this is the es rhythmic here Okay, now just to you know show apples, you know to apples here What we can do is We come up to the sink uh tool, but we rarely use this tool or demo this tool. Uh, it is excellent You know to Sink these tools now. I clicked on it here. So this is the master chart But if I zoom in here It only works on on horizontal zoom The vertical zoom will not work but The um the horizontal Works, okay, and we can look at and can kind of compare liquidity in here Right, so uh, how does the es look to the trader map pro version? Well, look at all see all this in here See all this area in here. You do not see that here Okay, because this is this is order flow that is changing Uh, this here is showing order flow that does not change By time or by price Okay, great great tool And this is what we are bringing We innovate here at at book map. Uh, and it's it's the innovations that are now For you to go and study And and build an edge out of it Okay, so it's not just a new whiz whiz bang indicator. It is it is to go To provide an edge Does it provide an edge? Does it look at the markets in a different way? Does it help you? Maybe this doesn't resonate with you. I think trader pete for example is a big big fan of this if I correct me if I'm wrong and That's fantastic You know, he's using this heavily I believe And I know he was when it first came out Hey, it's only gotten better. We have added the historical data. We also added All these new algorithms in there This one here with the unchanged is is really interesting I've seen some really good stuff from it But I haven't really built it out into an edge Quite yet. I wanted to trade only off of this one To be honest Yeah, cmj. So you've been trading around with it. Yeah, well, we covered it yesterday as well the Trader map pro looking at Really really high levels of liquidity and Only filtering for those and the spread changes In in there It will only the spread will only be like let's suppose we're filtering for 100 Well, it would be up here You would only see this would be your best offer up here And your best bid would actually be right here at o9 And so there it'd be dark in here. There'd be no liquidity in here because you filtered it all out And you can do that with a market buy order data Yeah, and we noted how you know, you can see the behavior traders what they'll you know They're providing liquidity at the at these big edges, you know here or here In a in a range And then what they'll do is like, you know from here like they'll You'll see the liquidity shoot up into this little area up here very very quickly. They get filled a little bit and they pull it away And then maybe they get filled on the offer a little bit and pull it away So, you know their behavior, you know is like constantly adding into their averaging into their trades or Maybe they're hedging You know arbitraging who knows on on what time frames etc, but the behavior is there. There's no question about that Yeah, you like it for the active algos seven, okay Yeah, great Okay, so you just got long on a Uh on a pullback Let's take a look, uh, Steven Oops, okay. I'm having issues with my monitor all of a sudden Hold on You guys see that It's not showing on on my stream and in obs You get do you guys see that no There's no problem here. Okay. That's really weird Okay, well if you don't see it then you on youtube you guys see that Okay, I mean like really really, um Odd fluctuations in my monitor Uh cloud notes up paul. I'll have some new news about the cloud notes as well Okay, okay, great. You guys have seen my chart. No problem. Okay. This is really really weird. Um Anyway the um Steven you just got long boy. It's I can't even read this right now. Um Okay, I I let let's just let's just take it this way, uh, steven. Um Why did you get long? Yeah, you see you got long on the pullback right now. Okay, why? So Talk about I'm gonna be your trader psychologist. Um, so like you tell me your reasoning Okay, it's not doesn't matter what I think um In fact, that is really dangerous It doesn't matter. Uh, what matters is you this is something that you looked at uh, and um That you, uh Uh, know that you have an edge you studied it Uh, you have your reasons for it. What reasons do you have for getting long here? You tell me Oh, okay. It was a response to slowdown earlier. Okay You're flat. Okay Well, then I I would no no, uh my my I'm sorry my misinterpretation there. Um, so but have your reasoning Okay, slow slow down. Uh, yeah, it might be uh looking at some sort of spring in here Right, uh, and then you can see the the buying coming on the other side here. Not not bad Not bad. So looking for the move to the other side of the range takes him off and he's looking for continuation Yeah, um, well Floyd, this is what I'm this is um that that is a kind of a There's a couple of psychological or a couple of issues with being a chaser If you're missing out, of course, uh, however, um, uh, you maybe you don't quite know your setup Um As well like because you're adding way too much risk by getting in at a at a worse price Typically it depends like I said a lot of times like God, what is it? I saw um, uh Forget the trader's name, but this woman Um really energetic outgoing woman who traded in the pits. I think, uh many many years ago She's that the money shows and all this kind of all these different shows. She's been doing it for 20 years or so. Um but, um, uh, she um She she had said when we see massive, um You know momentum just get in Like, you know, she'll just buy at a higher price and she doesn't care It's just worth it Now that's her right and and you know, that's what her studies told her Uh, uh to do So, you know in that case it's like are you missing it? Yeah, you have a fear of missing it So there's an example to counter the the fear of missing out, but you better make sure though And she had, um Make make no susie orman No, it wasn't susie orman. Um, uh, she's great. I mean like really funny, uh as well um, I forget her name, um, but um, uh, anyway, um She um She was just saying like uh with that kind of momentum behind it You're you're just you're just gonna miss out like you can't wait for a pullback Right. It's just it's too much momentum and it's just better to just get in Yeah, that's it. Linda Bradford uh rasky. That's it. Uh, and uh, uh, you know, that that's what she had found so, uh, you know That's that's very different than than chasing That's not chasing She has she has studied it and it it showed that it is worth it to get in All right. So, uh, that's a big distinction All right, and then what it what it really does is it puts you on the, um Floyd if you chase it and you get in, uh, it puts you on the on the defensive immediately You're like, oh god, why did I get in? Um, like now you got in at a price that you maybe you're not comfortable with Uh, and It is better to just miss it Just just miss miss the trade like look for the next one get better at getting it and taking it Uh, and uh, and then, you know, you if that's the setup you're looking for then that's the that's what you look for Uh, that's that's that's your that's your trade. Uh, and that's what you're, um Um stalking, uh, basically So, uh, anyway, uh, I imagine slowdown has, uh, if he took that, uh, that there, uh That long, uh from the spring it's he's out some of it already Now and again, there's reasons for that. Um, uh In he he can detail He always details out exactly What he's looking for Okay, and he's I'm sure I can just see I can even see the graphic the little target, uh up above, uh You know somewhere around uh 15 or uh or 14 or so Uh with uh with an arrow in the middle of it All right guys. Well, thanks everybody for coming. So, uh, if you like this, please hit the like button That really helps us out. Um And uh, I gotta go, uh A good good session. I hope I hope you liked it Like I said, we're gonna have more materials for you. We're gonna build out this academy more for you guys, uh, and, um, uh, we have a really, uh, um You know great great, uh community and um and great plan here Uh for you guys. Yeah, I was wondering to slow down if you took it or not, uh, the It wasn't quite quite Didn't look quite like you're set up to me, but uh, uh, maybe a little too much risk on the move down That's another thing slow down. I would like to kind of um I get your feedback on, uh, how many points you're looking for for that spring You know on that break, uh We've covered it for a long time like in the s and p obviously different markets. It's gonna be different Uh, but uh, if it's like two to three s and p points, especially if it's like two That's a that's a pretty nice little false breakdown and a move back, uh back above Uh, when it gets to three, it's kind of on the edge there When it's four and five, uh, then it usually is continuation Uh, and that's what we've found and boy, I don't have metrics on that guys, but that's what we've seen Uh over, uh the years You know It and it depends on the environment As well as the high of the day low of the day, etc But it's just a kind of a general number Thanks viper. Uh, we need 55 51 people in here and 55 likes. Um But yeah, that that that helps us for sure And also gives us feedback on what content you liked and didn't like and we can do more of the same Yeah All right. Thanks guys. Thanks for coming everybody. Tom B is back Go to that webinar Doug options with Doug later Algro boys after that, you know, go to the learning center. We have our calendar You can check out and uh, who's presenting or or you'll see it in our discord Just go to our discord and see the events on the top of the Discord column on the left Okay, yeah, thanks everybody and we'll catch up with you on friday then with the all markets webinar Tomorrow's joseph j trader and then we have scott bullsini on thursday. Thank you everybody. Have a good day. Bye. Bye