 All right, good morning traders and Should be able to hear me and see my screen now main traders and so yeah, let's get started Welcome to the live training webinar. This is Bruce at bookmap and we do the live analysis Monday Tuesday Friday 10 a.m So I'm just back was away out of the office for for a bit And back in the saddle here this morning. So let's let's jump in and let's get started Good morning, Tom. Good morning, Doug. Thank you, Tom. Thank you, Doug. All right, let's let's jump in here Anyway, go through The week here. So Monday Tuesday Friday 10 a.m. I Need to add Tom on this list here live trading with J trader stocks trader on Wednesday at 10 a.m Okay, he will be taking live positions and then also same with Scott Pulsini futures trader at 10 a.m So these are the advanced webinars Tom B follows up directly after these webinars at 11 30 to about 1 and Every weekday so we have you know Pretty nice offering here just with the live streaming you add in the educational course as well as Some of this live trading here. You've got a very robust educational package. It's and it's all free so nice nice offering here and Well, let's just jump in and get going here. Oh, I need to read the disclosures first. Sorry about that Okay, that is important All right, so general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations the risk disclosure trading futures equities and digital currencies Involves a central risk of loss and is not suitable for all investors pass performance is not necessarily indicative of future results All right guys, let's take a look here. I don't know if you read this earlier I was in a meeting and it was just I I thought a plain as day here Boy, I'll go through it here. This is just such a beautiful double bottom trade here and It's got all the pieces here once the buyers start to come back in up here look out, you know There's all all sorts of buying up here previously one more move to the downside And retest down into these lower areas here Just below forty one hundred. This is just this is picture. Perfect. Here's nine thirty cash open. Look at all of that buying Sellers bring it down Buyers bring it right back up look for the buying to mount again If they do all of these guys are in profit and we got it We're gonna get a nice move to the upside and they just accumulate in here and continue to buy Look at the order book flip in here from offer that did trade But to bid over here and look at the result buyers buyers pushing underneath looking for forty one twenty and Easily trades and then it continues to ramp up here. So you can see the data here that you can see the kind of Shadow around the data release and then and then the trend is continuing here. So Pretty picture perfect stuff and Hope you guys captured some of that. This is classic classic order flow and it was just Boy without even a higher time frame analysis that I think this was just just hitting us over the head And I was I was telling some of the guys in the meeting that you should buy anyway, the Not a trade recommendation But let's see where this might be going here. There's higher liquidity up here at forty one forty five and then forty one fifty So it's a nice fifty point move basically if you can get up there and let's just take a take a breather though and step back here because What happened in the higher time frame? Over the last week or so or a couple of weeks and where we are in the bigger picture here So here's the daily chart on the on the left-hand side just looking at a very basic candlestick chart from our trader pro And you know, here's the this this big move to the downside that was back in What is that? Back in June early June June 9th or so and then you know everyone getting really fearful here and then this It looks like a very likely move here that This back in here around the 19th of July that you know We'd probably retest back up here Maybe spike above it and then see if we could get sellers to come back in and bring it back down to the lows Okay, here's what happened. They busted through that area and you can see in the order flow this is the same stuff we're covering in the Lower time frame here I'm gonna show in the higher time frame. So if we just draw in a line here, okay around 3935 There we go, you can see how it busted through came back Retested the top of it and we found buyers. Hey now. We're back up here where it dropped from so You know to see some sellers start to come in here Or some buyers taking profits up into these areas here is likely. So we're up in a zone in here looking at the Daily chart and we haven't tested back up into some of these wicks in here yet. Okay, so This is a very strong move on the daily though as you can see Several days here and also today buying pressure coming in look at the wick here I'd be looking for or we'd be looking for these wicks up here to be tested Okay, this is where the sellers started to come in. So what we'll see if we can get back up into maybe Above the 4150 area that we're just eyeing Here in the on the lower time frame All right, so let's take a look here and let me see if there's any a good morning Guido All right, so I'm all caught up on questions and Let's Take a look at the hourly chart. Okay hourly chart is just very very bullish. Okay. In fact Here's the move up the pullback to that where it kind of Went sideways here, and then it's back up again and the 15 minute chart here or this is a five minute chart Let's look at a 15 Okay, and we'll look at a week Yeah, so here's here's the move back down into this area where we found some buying down here and we found buyers yet again Just below that 4100. Okay, so this was a great great signal here so Take a look at this here. We'll just go through the details here, and then we'll get into a live analysis So we have the move down. Okay? We you can see higher liquidity getting filled here Not in these areas. Okay, and then also here You can see higher liquidity getting filled down here. Okay at the figure. I the buyers break through the liquidity here at this kind of 41 03 or so somewhere around there look at the buyers come in look at the flip of the order book here So we'd be looking for it to trade back up into these areas here Okay, again on the bid here on the bid here Okay, and yeah, you can even see here now now. They're starting to pull. Okay. We find a bit of selling pressure Okay, revisit up here At the 930 cash open a lot of buying up here all right, so We're at a level an important level 4100 We see that there was some liquidity filled in here that didn't give too much insight There was some insight, but the strong bid Is is telling us something strong offer here as well But look at the buying here now. This is gonna be trapped buying and You're gonna see a nice stop run to the downside below the figure here However, if we get back up into this buying here and you find more buyers this is a great great signal or Look to the upside here and look for higher liquidity. Okay, where it dropped from this They already pulled here as you can see this would be the next target probably up here And then the next target would be up here at 41 20 And then look at them flip on the bid all the way through here and is a lot of green a lot of buying This is very very strong move. All right, so anyway If is there any questions on this This is You know There's so many different ways to look at this Order flow wise. We just covered it. Okay, you can also look at your stops and icebergs You know the not too many iceberg buying in here But the stop run to the downside below this and then once you get back up above those stops Okay, and you get buyers back up in here. We'd be looking for this to continue on up to the upside And look at the stop run to the upside pretty pretty big so Let's see that what I wanted to also cover was divergence. Okay, and we look at CBD in here And you're gonna get just massive divergence in here Right because of this buying in here Right. So again, just just be really simple with our analysis here on on on Cumulative volume Delta Just be Really straightforward here Understand what the indicator is doing. Okay selling coming in here. Yeah, okay. Well CVD is gonna be dropping. We know that And then we see quite a bit of buying in here. This is what boosts the CVD Here's the divergence. So some selling but not a whole lot of selling below the figure into high liquidity And here's your just massive divergence. So what does that mean? Well, there's still buyers up here So if we get back up here, we're looking for buyers Okay, and we're looking for them if we get them. We're looking for that to continue All right, so let me know if there's any questions on that. This is really straightforward JK. This is actually perfect for you. You say you're a beginner here understanding some of these concepts and divergence It really I don't want to hammer on divergence very much It's really about the buying and selling the divergence is is not it. It's just a confluence in here That you want to look at but you know, here it is very very Simple and straightforward. Let me get a pen tool. I think that might be easier All right, yeah, so here's your Divergence, let me get a different color Here's your divergence here and Not too much actually down here, but boy, do you get it here, right? And it's because of this And lower lower low, but a higher high in CVD the CVD such as such a simple tool It and it's only showing aggressor right so just you know Understanding what the indicator showing is is kind of the key if you don't understand what your indicator is Calculating then why are you using it? You shouldn't be using it in my opinion? but anyway That confluence works extremely well with the order flow in here All right in the order flow we covered already a couple times and we can we can do it again We we we come back down into some of the liquidity in here, but they're on the bid Extreme buying here at the open And one move down below the figure and then look at the bid again and look at the buying coming in All right, we'd just be looking and targeting higher liquidity here All right, so now question is where are we going to go now? All right, so we're kind of caught up here Let's take a look and let's get CVD off and Hit we can see we hit the 41 40 up here and Yeah, a lot of selling coming in Now let's take a look at that selling. There's buyers are still in control So looking for this area here at 41 20 to test they're looking for sellers to test into it right now The offer is pretty strong here You can see them pushing it here and there's a lot of selling behind it. So this is again Looking for this to test here and then we'll see All right, how do they how do they get filled in here? There they go. There it is Okay, well they stayed in the order book. Okay, and they're they're on the bid yet again here Okay, so let's see if we can get back up into Maybe 23 or 25 here. Okay, we're finding some buyers They're just looking for a pullback here right see them starting to pull it 23. So maybe we can get up to 25 It's a lot of selling Strong move on the sell side here, but the bid is pretty strong here. We're in an uptrend Okay, and we're down at this level here. Okay, and there's they're on the bid, right? So we're just looking for a pullback here. That's it Right now and we're looking for something high probability higher probability and that would be a move to 23 and to 25 All right, so let's take a look and see how this unfolds here Okay, they're on the bid up at a higher level here. That's good Now we're just looking for buyers here up at 20 Yeah, 22 and a half or so. All right. Nope Okay, they went one more time down here now. Did these guys stay in the order book? Yes, they did Okay, still looking for buyers in here Okay, so it's it just retested down here looking for buyers again See if we can get them Buyers especially above this area right here where it just dropped from looking good now We should get a nice move back up into 25 maybe 26 as well here Okay, strong buying looking for the move to continue Let's see Nick Would you be looking to buy at the break of 40? 4107 let's take a look Well, we'd have to see when we when we get down here This is a good area to buy. This is where the uptrend really, you know sprang out from As you can see right here on strong Strong buying and they're on the bid underneath. So this is a this is a great area You can even see them front running here at 41 10 right, so Yeah, I mean what we need we need to see in in The answer is Nick Yes, it's a good level. We need to read the order flow when it gets there That's really the key All right, just like we're doing in here. Okay, we're looking for the move in here for the move to the upside Sellers came in one more time here but they stayed in the order book at these levels here and then again We're looking for our buyers right and especially above this little kind of area in here And we got that here are buyers and here's our move. So did we get to 26 already? Yeah, we're just trading 26 right now Okay, looking for a bit of a pullback here now to at 26 because this is where the sellers came in Right not much just looking for a pullback here. See if we can get it Back down to about 24 and a half or so There it is All right. Now, let's see if buyers come back in and resume again Okay, I'm start to kind of put some structure on this as well Just looking for some sort of structure here and Kind of meandering price levels here Okay, so that that's actually breaking But it's down to where these buyers came in here Okay, they traded into this this high liquidity here and we're above it It's looking pretty back starting to look kind of back and forth in here I'd give still a little bit of a nod to the buyers in here compared to the sellers here And they traded into this and and through it with buying pressure So still looking for buyers here, but it just not as easy and high probability as Some of the other moves that we were just looking at Okay, this move into 41 20 was really easy. I thought and then This looked pretty good in here Just did one more leg here and then we finally got our move up in 26 20 23 25 and 26 Okay, now it's kind of back and forth Nick you're talking about 940 Let's take a look. Oh Yeah, I mean like I'm you know this this to me like It was really just a hitting you over the head I thought Once you get back up into this kind of 0708 area here And you see these buying this buying coming in I probably would have been in here to be honest And especially I would especially be in here for sure around 141 07 Wouldn't I'm not you know I kind of my style is I know pullback traders you guys would have been all over this Around this kind of 02 or 03 area here. That's a beautiful pullback to where these buyers came in But this is really what what I saw in the order flow here was this clump of buying at the open here and If we can get buyers back in here again, right? So It looks like they're gonna break out here It did one more kind of big pullback here and then it finally broke out Here retested the top of the range and then continued Alright You'll see these things again and again again this this here like Let's just take a look at this pattern in here. Okay, the buying coming in after the sellers make a lower low here and then They break out from this area here retest the top and continue That is no different than what we're looking at here in the daily chart Same patterns and it's really truly the same in the order flow Okay, there was more buyers and they were able to break above retest back and then continuation All right, I hope that helps JK you're talking about where to play stop losses, etc. Um, yeah, I mean this is not a trading room okay, we have J trader and Scott Palsini who will go through how they trade it is in demo paper trading mode on Wednesdays and Thursdays But yeah, we can cover. We'll definitely cover where you can consider Placing your stops and your and your take profits. No problem with that as well as we can consider many different trading styles in here All right, that's kind of the What these advanced webinars are for therefore You know covering order flow What is bookmap showing us reading reading the order flow as objectively as possible? Okay, so and as I Discussed that you can see that the order flow kind of shifted and changed here I'm kind of surprised that we see the continuation of the sell side here because it looked really kind of back and forth in here But sellers did come back in again Below the swing here and then a nice cluster here, but a nice cluster of buying in here, too Okay, so more sellers more sellers But I'm kind of curious looking for buyers yet again to trade back up to this kind of 18 or 19 or 20 level here Okay, and I'd be looking for that right now In fact, if they can get back up above here at 15 and a half. Let's see. Let's look for buyers in here looking for the them to pull on the offer and looking for the retest back up into Yeah, 19 and then 20 we know is kind of a critical level here today All right, so what not seeing them yet Let's see if we get them on this rotation Yeah, looks good. All right buyers. There you go And still looking for 19 though Okay, it's a nice nice cluster of buying here. So a little bit higher here 19 would be good And they've got these sellers on the hook Down here. Okay, here we go again looking for it We should get a nice move up to 19 looking for it. That would be the primary scenario here Okay, you for example on on either of these moves in here or in here Here here's a ways to consider it now. I would be taking some profit there Okay, because I'm just looking for 19 or 20. Okay, and I would definitely be moving my stop up at this point. So let's let's go through it. All right. All right, so We were looking for this move to unfold here and here's why Well, we have the bigger picture Okay, and we're just looking for a pullback Okay, we got down below around this swing here 15 all right, and What do we have we had some buyers in a cluster of buying in here? and Then we're looking for that the breakout here. We had one more pullback here okay, and So maybe maybe you would consider like looking for this move here Looking for the buyers here looking for our eight our 19 level They were pulling on the offer except for these guys which traded So yeah, you know you can consider putting your stop down below here. It's not very good risk reward on that one Much better on this one here. Okay, you can put your stop down below the swing here around 15 or so 14 and a half you'd probably be getting in somewhere around 16 and a half And then you would be taking some of that profit up here around 19 or 20. All right So there you go. There's some examples so entry would be You know I look this is not a trade recommendation It's just considerations of trading order flow and going with the flow, right when you have an edge We have oops We have our cluster. Whoops. Whoa, whoa, whoa Okay, we have our cluster here Hey, we're coming back in here, right? And looking pretty good. We're looking for this earlier. So we're looking for up to this was 20 We're looking just for 19 Okay, and this would just be a scalp quick scalp, right? And a stop would be down here Okay, and your profit up here, right? So and that's just leg one partial profit Okay, and then, you know, you have to manage it accordingly Move your stop up or at least I would be moving my stop up. It's just a consideration again It's not a trade recommendation but you know, you've got the move here and You're looking for the continuation. It should work now if it doesn't like one of the considerations is move your stop up and get stopped out of break even Look for the next one Okay, there's many different ways to manage it another way to consider managing it is let's suppose for example You hold on You can use a drawing tool here Okay, let's suppose you got in here and you took profit up here All right All right, so we'll draw the same rectangle and we'll make it a little bit a little bit smaller Okay, so we can kind of mimic a Break even plus one right you could place your stop down here overall. Let's say you put partial profit here 19 and a half or so All right You on one leg half out Okay, so second leg is you'd still on You can place your stop here and Overall you'd still be break even plus one basically Okay, that's another consideration and you'd still be in it right so you'd still be making some profit here This gives it a chance to run. Okay, you're looking for this to move immediately though All right, that's important. Even if you move this into break even you'd probably still be in it on this pullback here Right somewhere around in here 16 we said 16 and a half. This is 16 and three quarters So you'd still be in it Even if you moved it to break even Right now again, let's just go through this This is just order flow and reading the order flow and then managing a trade within the order flow And it's just a consideration Because there's many many different ways to slice and dice your trade management as well as your trading style All right Okay, Guido you're out. Sorry. You're having disconnection issues How much icebergs and stop runs feature in your analysis? Um, I love the stops in icebergs I think this is a level of Transparency that I'm still amazed by I just I can't believe it That we can see this information So now the way that I like to use it And the way we recommend it any indicator is it is not a signal order flow rules first Okay, it's the king These are just Confluences, okay, and it's insight It's insight to Retail trader behavior with the stops and why is that because retail traders use stops as not not for well They may may be using it for entry a buy or sell stop However, most of the time it is used as a stop a protective stop a stop loss Okay, it's a save no moss. I'm out of the market And take me out. All right, so we have that information here Uh and now I'm not looking at spikes or I'm looking at the cumulative volume delta And you can see these axes are not aligned the blue is the iceberg the red is the stops And you can see the stops mounting here. Okay, nice little stop run here Okay, this move here right, and that's why we got the Likely why we got a big pullback here as well because there's a lot of stops in here So if this is people getting stopped out, it's not new buying Right, this is new buying up here Okay, because we don't see a lot of stops. So we know that this is a you know, they're not getting stopped out Now the question is Will they get stopped out if we get the sellers coming in? Yes So I'm looking for that another stop run here below this swing at 19 Okay, let's see if we get it right because this is new buying The point with the stops and icebergs and this kind of transparency here Is if this is new buying coming in Well, their their position is now a seller Right because that's how they're going to exit the market. Uh, they have to sell Well, where are they going to be forced to or compelled to it would be down here with and when they're getting You know a lot taking a loss So we'd be looking for that Right, we'd be looking for them to be forced to uh to exit here Okay, so we didn't really get the stop room. We're looking for in fact, uh, I I thought we would Uh, right in here, uh, maybe a bit lower maybe back down to about 17 or so or 18 and then a move back up Okay, instead we're just seeing buying kind of hand over fist yet again. So looking for the continuation here Uh, new these new buyers are still in command Okay, so let's see if they can continue here Back up to this swing this liquidity at 26 and a half and maybe 28 All right, there's our stop run to the upside here another one All right, what about icebergs who uses icebergs? Okay, larger players um, so the um Uh, and we get that insight we have this dynamic in in context between the larger players using icebergs and smaller players using stops Okay, now on the on the iceberg side, um, don't really see too much, uh happening here. Um There was just some selling uh ice in here also here But overall, I mean there's still more sellers here, uh on icebergs So it's kind of interesting to see Uh, not it's it's nothing really big right now And again, the these are just it's not a signal here. It's confluence. We know that within here Uh And and this is what's really important. Here's why like If we're looking at the order flow, we're looking at all of the players here Here we're looking at specific players. So specific players don't really, you know They contribute to the bigger picture, but not they're not the whole picture Okay, I hope that makes sense Hey, here's new buying coming right back in looking for the move higher Okay 20 Well 28 maybe 30 here Uh jk what an iceberg is sure Um, it's a hidden order Okay in the order book If we look in the order book here Okay, c o b stands for current order book Uh, and this is liquidity here. These are limit buy orders here Uh, you're looking at the auction All right, and these are limit sell orders up here Okay, the heat map is very clearly just showing you high liquidity here very high liquidity up at at 30 175 contracts. It's this red orange color. The heat map scale is here So we know what that is And what that represents All right, and yellow is less, but you can see 110 or so Guys beautiful move up into 30 there. Okay, that was a pretty easy call Uh, I thought Pretty pretty easy reads today Um Yeah, it's just just the order flow is kind of telling you, uh, you know looking for the move to 30 Any anyway, uh the um Left off here with liquidity. Okay, so this that's what you're looking at here in the order book Now there's larger players that if they show their hand in here You know like up at up at 30 for example This is likely a larger player our large lot trackers showing that see that little white line in there in fact here I can configure this um This little white line in here Right there Okay, that's showing that a larger player is holding about, you know What a quarter of the liquidity at at this level here. Okay, so we know that um and um See how we know his hand though. We know that he's here, right? So uh iceberg is not it's it's like a limit order here, but it's it's resting in the order book. However, it's not seen Okay, you cannot see it it is hidden Uh, and uh, it's liquidity. Uh, that is unseen Okay, it's an order type Uh, and uh, you you'll see like here. We'll go through an example of what it looks like Uh, when um Iceberg is transacting I guess right in here We can take a look at that Yeah, here's here's an iceberg here. Okay, so This is sellers these the the red dots aggressive sellers hitting the bid here Okay, the bid is the the green line here best bid Sellers hitting the bid here quite a quite a it's not quite a bid is actually it's only 16 Uh, and the iceberg is not very big either. However Um, they traded into this iceberg here. It was resting here Uh in the order book All right, there is you can see it a little bit a transaction here Uh, and then these transactions here, uh these 11 or 13 I guess um And uh, so you see the iceberg indicator move up. So they're hitting into this Uh, and um, look at there's only seven here on the bid Right, there's only seven well 11 or 15 traded let's assume in here 12 traded here And they're unable to trade through this they should have been able to trade through it Right Should have been able to trade down to this level here They didn't because someone else is absorbing it here with a hidden order and we captured that information here Okay, we can show the icebergs on chart as well Uh, and also give you an information here on um, you can go to our knowledge base. Let me show you Uh, and um Uh, that Should um, hold on a minute Also help you go to more go to our knowledge base Uh, and then go to add-ons here Okay, you're in the user guide section right now go into the add-ons section And then we can look at stops and icebergs right here. Okay. What is it? This will this describes it all here All right, so that's a another resource for you to go check out And here's our iceberg here of 11 all right I know that's a review for a lot of people. Uh, so, uh anyway Thanks for bearing with that Let's see dove is sending something here. He saw something nice Let's see dove what you're looking at here Move up here stop run it looks like Stop hunt big volume Yeah, yeah back to Same same kind of stuff we've been covering You know, here's where the sellers came in here's the retest back to it Uh, and then dove was looking for shorting this in here Uh, right in here Okay dove probably has a stop up here somewhere Uh, and then looking for probably take profit down here Where did you take profit on that dove? 41 30 Maybe below maybe back down to your I don't know if this is uh point of control I guess Okay, yeah, sorry mclocal. I I know you guys are experts on this stuff. Uh, so Uh I'm just getting kind of back in the saddle today. So just thought I'd cover in more detail some of the uh Some of these things guys. This is really turning into a nice move here We we're looking for just the move to I I was looking for just the move to 41 30. Uh, and then a pullback Um, I was looking for actually a deeper pullback in here because there's quite a bit of selling in here And uh, uh, it did not pull back. It was very shallow Uh, and you know, you can look at this here now and this is maybe a misread on my part for the pullback I would be looking for a pullback a little deeper Um, however now in hindsight, this is easier to read and this is in line with what we Typically kind of look at in the order flow If they're strong buying Very strong buying and this is strong buying and it's consistent here here here here and here right typically In general The pullbacks on strong buying are shallow Okay, and it's not much selling and this fits that category here Okay So This and you'd be looking on your for entries on pullbacks for your pullback traders That's where you'd be looking for is like big volume here like dug was looking or a dove was looking at Or maybe here you'd be looking for your pullback Okay to here or here you got this one and that was it and buyers came back in Uh, and uh, and they're on the bid in here as well. I mean, this is really really These are really easy reads In in my my opinion Easy day first day back In some very easy reads here, right? It's really It's really telling you, uh, you know, you've got them on the bid here and you've got buyers and they're pulling on the offer Looking for higher liquidity to to transact Okay, so All right, so now let's take a look here now look at the buying up here Right, we're getting back up there and find starting to find some buyers But there wasn't a whole lot of buying up here. Look at the selling coming in here Look at the depth of the pullback here Okay, it's pretty pretty deep Right now let's see if we if we get a lack of buyers up here Okay, and so far we're getting we're getting some Okay Looking for if we get some sellers here right around here At 30 call it 36 and a half Okay. Well, you can see that didn't unfold Okay, instead of this is buying now. It's going to be a beautiful stop run Uh to the upside back to 41 40 Okay It's not that big of a stop run Okay, so Let's take a look here. All right So let's see if we get a pullback here to about 37 and a half That's a lot of buying in here, but there's a stop run too So let's see if we just getting a pullback here 37 and a half or so And they may come back to 35 Okay Well Yeah, we got back to um, we didn't get back to 37 Or 38 here And they're still buying Then they're on the bid here again. I don't like it. I mean, uh, yeah, it should go to we'd be looking for the upside move here They're on the bid. We're getting buyers here Um Yeah, still be looking for the move to the upside here Okay Just doesn't have that it doesn't have the same kind of feel as earlier uh the reason I think um is the uh The stop run and then this buying up here and this buying in here just it's It's just not as um, I don't know. It's not as is highly uh probable Okay, we're still looking though for for to continue You know, we found some sellers starting to come in here in some of these areas Okay, but there's still just more buying here. So we got to go with the buyers And we can look at our bigger picture. Hey, let's not forget the bigger picture here We're still looking for this move up here Okay, up in these wicks around, uh, what do we say went 41 56 on up to about 65 or so Maybe even higher, you know, maybe 85 maybe up in here 4200 god, there's gonna be a lot of stops here up here in this area A lot a lot of traders and and they're gonna be tested it looks like We'll see we'll see if like, uh Maybe maybe there's not enough buyers to take it up there We're gonna read the order flow when we get up in some of these areas And we'll see Yeah, tons tons of of uh buy stops already Yeah, the bears are getting kind of kind of slaughtered Well, let's take a look. What is the the reading here we have on stops Overall cumulative volume of delta I see is you know, 3000 or so I don't know. We've we've seen quite a bit more than that All right, so yeah, it's still still going higher here Uh had to go with the order flow and you know, just wasn't a little more cautious here Uh, and they're still buying Okay, so uh 41 50 would be the next level here And we were we were talking about that 41 50 Or even above it here It's a strong strong buying on that daily even the hourly in here It's pretty strong Hey 15 minute chart. This is god. This is such a beautiful move here. Uh, let's see here Yeah, gary most important levels can be broken slightly to hit stops, but good enough to have confirmation. Um Again, like I think you know Look at your order flow Look at the structure And let's just go through it Look at the structure I'm gonna turn off this for the moment Okay, created by bespin offer. See like the structure in here Yeah, I mean it it it's it's kind of like it it's still strong buying. Um, but Look how it's kind of moving here. Uh, you know, it's kind of grind starting to grind All right, well, it might it might get a we might get a huge breakout again right up into 41 50 here You know, we'd be looking for those buyers to come in All right, so what? Anyway, we're looking at the structure here and obviously the structure is a A trend to the upside All right, but uh Yeah, and then we can see the breakout above here and then now look at the retest back to this area here All right, and then maybe you can go a little bit lower here retest down here, but we're still bullish here Okay, based on the structure alone And then we're looking at the volume within the structure Okay, it was the volume telling us. Well, yeah buyers buyers buyers And then we were starting to note like the selling slow down And and now we're starting to see some some pretty strong selling coming in All right, so we're kind of looking for a back and forth here Okay, I'll be looking for a pull or From this sell move here pull back to about here Okay around 44 or so 44 50 Something like that All right, so we're still we're reading now in within the structure really neat. We're reading the aggressors All right, and there's our move All right now are the sellers going to remain in control here From this move You know that we need to we need to take a look here Uh, I maybe we'll get buyers back up above it here in it and a nice move slingshot up into 41 50 Okay, that would be reading again structure and volume within the structure And then thirdly we're we got to look at the uh, because this is only one side of the transactions the aggressors What about the other side? What about the auction? All right, that's where we get a lot from the heat map Okay, the high liquidity is up here All right, did these guys stay in the order book hearing and fill in and trade? Yep here and here Okay, and here all right, so Gives us some insight here to the um Where where they want to buy and and they're down they're down here right now at this kind of 41 and three quarters And then below here okay not a whole lot Uh, Derek you're looking for 42 50. Okay Boy that or 41 50. Did you mean or 42 50? That's pretty pretty far up 42 50, okay Or 4200 um Yeah, yeah, it's pretty it's pretty far up there. Um Yeah, I mean look if you want to if you want to look at order flow in the higher time frame now We we look at um as a weekly target. Okay Um, the way we look at the order flow here is like on very small time frame in these webinars So we can go through many many examples Right as we have already But like I said and alluded to um earlier You can see it in on the daily chart here The same idea Uh, this was the uh, we would assume that there would be sellers up here Well, there weren't there were buyers. They broke through it retested back to the top of it and then and then continued Okay, so uh when we saw this pattern on a lower time frame All right, so you can use the same ideas here look for buyers starting to come in on that daily chart right and around here If you see a lot of buying in here Look for the move back up to the top of this range here to begin with Maybe take some profits and then look for the next one up into here or here Or some of these wicks that we have not achieved yet All right, so and then 4200 up here. Yeah, it looks good. Um, the question I have on on the on the daily chart here is Who's still in control? Uh, and it looks really back and forth in here from this chart Um Yeah, I mean in fact that this is some really these were some really strong selling uh weeks here or days here Uh to the downside So and and look at the strong the strong buying is here countered by strong selling Look at the kind of choppy here Back up into the strong selling here pulls back again. We would look for those moves, right? We would look for sellers to come in here again We would look for buyers to come in down here again too Uh, and then we would look for again sellers up here. This is where it broke Though retested the top and then continued. Okay all last week really strong week Uh, as you guys can see So, uh, yeah, you know now the question is up here Um, are we are the sellers still massively in this are going to are they going to be moving? Or repositioning or adding more to their sell side here Are they going to remain in control or are they going to be upended by the buyers? Okay, so will the buyers be able to trade through this area here? Okay around this 41 60 or so Okay, that's what we're kind of looking for All right, and we we're going to read the order flow right so Yeah, in in terms of a higher time frame order flow trade Or opportunity here Uh a consideration would be just still hanging in it. Uh, just like uh, uh, Derek is saying He's looking for a higher time frame to test We this is really where it's going to be key though And this is where the order flow can change on those daily or weekly charts So we we need to read it in here Right, maybe it just slows down and chops in here once this starts to do that And then you start to see some heavy selling coming in well Then we'd be looking for a pretty pretty big pullback maybe to about here You know 40, um 4,020 something like that And it may and then it may continue on up and back up into, you know, some of those higher areas That uh, uh, Derek is looking for But we just need to read the order flow Okay, even on these daily charts or higher time frames All right, so let's see here any other questions Um, yeah great question here. I'm so bad about filtering for dot size. Uh, yeah, you know, I I typically, um, leave the Uh I'll show you my my volume dot settings All right, so I I leave it as a smart clustering typically I have it down to something like this on smart clustering and um And then minimum displayed volume and and minimum trade size Let's go through these because these are really powerful filters Uh, you don't need to look at all the volume. Uh, if you don't want to if you find it confusing some traders do I've seen many professional traders that just you know looking at, um, Bigger clusters and that's it Right. I'm looking at all of the volume in here primarily because like I'm I'm kind of used to it, but Uh, also there's there's a few reasons but uh, I'm Demoing the software. Uh, I want to zoom in and I want to show this and if I have it filtered You're not going to be able to see the details here All right, so uh, that's that's one of the reasons here. Um, the, um The other, uh, uh reason is I want to see that strong consistent Bine or selling to tell me in the order flow if I have it filtered I'm not going to get that I want to see this kind of move here like strong and consistent Or you know even better ones back, you know, this was a stop run But uh, you know back in some of these areas in here Right. I want to look for that and uh That that's quite telling that we have strong and consistent buying and a price move At the same time Okay, so it it it gives insight to uh The potential for the uh continuation Minimum trade size. Okay, so let's go through that. Let's go through these two different ones in here Minimum trade size is a very simple filter Uh, this minimum displayed volume is more complex. So let's go through the details Uh, if I put in minimum trade size and I put in 20 for example, I am only filtering here for trades That are for a volume of 20 or greater only Right, so you're looking at large trades Now what happens though and and that can be very insightful As you guys can see, you know, it's giving some pretty good good information here. Look at the The large trades up here. They're sell Look at the selling coming now. It's kind of bashing around in here There's back and forth with buying and selling but there's a lot of selling in here All right, so uh, maybe the we're going to get more larger trades, uh, to the downside here then So that's the kind of insight this can give here about larger larger players in here Okay, so that's one way to take a look at it here, uh, but the larger Um, or the trade minimum trade size of 20 or greater here um In the in this day and age for at least for the last like These 20 years, um Uh, that can be hidden algorithmically So you don't get those block trades like you used to back in the day Um, because it's it's again showing their hand So what what a lot of larger players do is they break it up into smaller trades So, you know in algorithmically they can trade Um 100 lot 100 times with one lots very very quickly Uh and and get that uh, uh trade off Right without showing large size. That's why when you look at your time in sales columns You know, you can filter for larger trades in here as well, but look at all these one lots go through You know, you're just going to see there's actually quite a quite a But there you go. Now you're starting to see smaller trades, right? And you'll see so many of these Go through it. It makes time in sales very difficult to read Sure, you can you can filter it here. Uh, and again look for larger trades right, uh and That can give some insight here However, uh, it it it's again back to Uh Larger players can trade very quickly with smaller size So how do you overcome that? Well, we came up with this way with minimum display volume Uh, and what this will show here is Let's uh, let's start to boost this up here. Okay, we'll look at like a thousand And we don't get any results. Let's look at 500 Let's half that Look at 250 Should get some results in here Okay, so what we're looking at here, um is And we'll zoom in and I'll show you how this works, but it's showing you a cluster within a time frame um of 250 that traded very very quickly All right, in fact, I think I need to go to Total volume here to show this. Yeah. Yeah, that'll show it better. That's what the problem was. It was looking at delta um, so here uh We're saying With in a very small time frame show me where 250 contracts traded very very quickly Okay, in fact that the time frame is so small that it's equal to one pixel Because you know when we zoom in you're looking at you're looking at uh, you know nanoseconds or microseconds or milliseconds uh, you're just going to see um You know many many trades very very quickly, but when we compress the screen In and uh, it compresses all those trades and this is where that condition is true. So one pixel Is equal to At least 250 trades here. That's what this is telling us So obviously when I zoom in this is going to disappear because it's going to spread out Okay, and once it spreads out it disappears now because that condition is no longer true All right, does that make sense? I know this is kind of a little confusing to understand But it's just showing you very very quickly How many trades traded within that one pixel? So now you can see it So yeah, it's very helpful. Um, a lot of traders use this setting here Because they don't they don't care about the block trades as much. They just want it the block trades will show up As well because it's one trade that took place Uh very very quickly, right? So this will give you some insight here Okay, and this is why how you can start to filter for your um, maybe you're looking at higher time frame, right? So see how I zoom out and I see more now because I'm compressing the screen and zooming out So there's going to be more here so I can filter it yet again Now we can look at a thousand All right, and we only have one if I zoom out more though watch we'll get more Okay, so now you can look at since like nine o'clock here or eight thirty or so Right, and you can kind of take a look at where that volume is transacting Yeah, so and then you've got enough you got many filters in here So we're still cluster using the smart clustering filter here as well Maybe you don't want to use that you go to none um, and uh Yeah, it made a difference. Okay Uh, and there's another uh another filtering here is with the delta Okay by minus cell so show me by minus cell Uh that uh is meets that condition Of of a thousand so you can see that really cleared it up here. So we need to you know really kind of uh Lower this here for for delta right Guys here's another just look at look at this here. I mean again same pattern here. It's a double top now Okay, now this is where this filtering can be really helpful Right, we were looking for the move up into 50 Okay 45 was we're looking for that first of course, uh, and then Uh, yeah stop run here, uh, we're looking for our pullback. That's right This is kind of where we left off our pullback to maybe here or here at 40 Okay, it's already done that it's already below 40 in fact All right, so but look here buying here on the offer here No buying here. Okay with this filter Now it would be great to see some more selling in here and we don't really see that Okay, so it looks really kind of back and forth in here to me. Here's where the sellers took it a bit lower And then here I'd be looking for a bounce off of this at 40. Okay, it didn't do it. Uh, it um It looks pretty good because you got high liquidity here. Uh, it's a nice level here And I would be looking for the bounce. Well, here's where sellers just pushed it through that level And they went more more level lower now. I'd still be watching this here at 40 And looking for buyers here and here they come Okay, and I'd be looking for them to now squeeze the sellers down below here And let's see if we can get back up into this liquidity here at 42 and a half or so All right, here's some selling here still I'm looking for the squeeze though. I'm looking for buyers Uh, and let's see if we can squeeze these guys Okay, so back to 40 and this is our kind of pivot line here at 40 Okay, we're going to get above it or below it all the sellers Going to remain try to remain in control down here. Are they going to get squeezed by the buyers here? Okay, look at the icebergs. So we we know that they're on the bid here Yeah, mclocal. We're just super feature rich here in book map Uh, we've got so many things this this these tools here were um available Very early on back in like 2016 or so All right, so yeah play around with the settings. Uh guys like uh go to the knowledge base Uh, there's some videos on this as well Uh in on youtube And and take a look, you know, maybe you'll get some insight from these Okay, now you can see my zoom it's based on zoom level here this minimum display volume So I need to kind of lower this here for this zoom level All right, so here's here's the fuel right here if we can get buyers now and they're above it Just looking for our buyers here and we should get a stop run Okay, and this is where I like to see the buyers. So this doesn't really work for me, right? Uh, I want to see the buyers in here to confirm that So that this is why I prefer looking at this view Okay with some of the smart clustering just a little bit Right, so it's up to you guys. So there's our move Okay, that's what we're looking for 43 looks good. Look at them flip on the on the bid here looking for the squeeze We're already got a stop run here Okay, now are these guys going to stay in the book here though? Yeah, it looks like it. They're staying They're trading Okay, that's an interesting uh interesting trade there Okay, and then again back to the 40 level bouncing off of it here now question here Some pretty strong selling into this liquidity and through it Okay, so we're looking for again buyers back up above here at 42 Or are we looking for uh, uh sellers to try to push it through 40 here And take control of the market back down to 38 And back down into these levels here Okay, 35. Well, there's our answer Okay Yeah, that that was that was a tougher read But we did have this insight here and sellers through it Okay, they pulled down here And then added here. No, this is a tough read. All right volume profile guys You're looking at this profile here, and it's just trading around it back and forth Great questions though guys, um So keep them coming Because like I said, there's so many things in here in book map. We developed years ago Uh, there's there's so much to cover um In many different ways to look at it look at the market here Okay, lots of selling coming in right now Okay, looking for 30 a move down. Here's your low volume node here Okay, but the liquidity is a little bit lower. You got 30 you got 27 So I want to see I want to see sellers try to reach that Before we get buyers in here We have our european clothes coming up in about 10 minutes Okay, Derek. Yeah, nice to meet you as well. Um, and uh, yeah, keep keep it coming guys. It's gold Any crypto information? Um, I don't have you know, actually, uh, did a webinar. Um, actually before I left, uh In vacation, um, and well, I do have bitcoin up here, but it's the futures. Okay from the cme Uh, I I can add to anything though You you want to take a look at No, we're looking at the this is the s and p e mini here that we're looking at Okay, so yeah, here here we go down to 30. Okay our 30 level, right? We're just talking about that. That's 27 and 30 That's where the liquidity is And is this going to be you know, look we We came back up. We tested these areas. We never got to 50 All right, but uh, this we knew this was strong buying coming in here And now we're kind of just retesting back into these areas here Okay, and there's strong selling here So i'm looking for them to reach and try to extend and trade into this liquidity here And they did Here at 30 Or did they did they just just come shy of it? Yeah. Yeah one tick shy They never traded into 30 yet So still still looking for it 30 27 or down to what 28 and uh and three quarters or so um There we go all right Okay, so now we traded back down to there and Just looking for a pullback here maybe to 33 Okay, or are we going to just see like the pullback a slight pullback here to just to here and then sellers still in control And what we'd be looking for here is more of a mean reversion trade Back down into you know, maybe 17 maybe into 22 looking at the profile here But um And let's look at our levels now. So we're looking at profile But we're also looking at this level here, which kind of matches nicely with the um with the profile This is where that buying came in All right, so again, we're kind of many ways to slice and dice it and look at it It's again all it comes down to is these three elements here Understanding the context between them in the order flow Doesn't matter if you're looking at volume profile. It doesn't matter if you're looking at trend lines Okay, it's bouncing off a trend line now Right. It's in an uptrend Okay, we made a higher high higher lows Okay, so let's see We're finding some reaction off of that. Okay, so this this can match up this can match up actually beautifully with All three of these methods in here. You've got your profile Okay, it traded. We're looking for the move into this high liquidity here. It did it. We've got a trend line And now we're getting our buyers on a pullback Okay, well, we're looking for a deeper pullback here. Maybe maybe uh, they can move it back to Uh above 36 here maybe back up into Um, yeah somewhere around here like 38 and a half or so Okay, and we have our reasons here. Technically we have our reasons but this is One of the big picture ideas i'm trying to get across here Uh is to understand profile or um Yeah profile or looking at trend lines But understanding the order flow Because understanding the order flow in it is what's going to give you the insight Right, you have the trend line. So what? Okay, well, what's it what's the order flow around that trend line? Well, we know they got filled here Okay, we also know that uh um There the the liquidity was up in in these areas here. So yeah, and the swing is here as well Right and you can look at your profile. Well, here's the here's the high volume node up here Okay, just below 40 and our we we put a line in here at our 41 40 area Okay, so these things start to align here But look at the order flow within it no matter what it is look at the order flow within it. So here come buyers All right, so still looking for 37 38 just for now Okay, don't not looking for this really big big move right now Okay, I don't see it in here. It may develop into that and may come up and trade to 50 Hey, but we don't see that right now Okay, beautiful stop remove stop runs here here and here. This is a especially a good one here Okay, so there was a lot of people short in here. They just got stopped out Uh, I do have did I have gold? No, I don't have gold up here I'm not even sure what contract we're on with gold Where you on september the gold trades weird, um Let's take a look All right guys, so we're now now you can see this is starting to develop into that bigger that bigger move here But we didn't know that down here Okay, look at the buying starting to come in right and we were looking for a test maybe to about here Kind of 38 and a half right? This is where the sellers dropped it below this swing here All right, so let's see here with gold Here's my high tech way of knowing what contract it is Okay, is cm did a search here for Cme volume gc Even though it trades on Comex it doesn't matter All right, and then look in here Look at your volume We're in volume open interest tab august december That's on the globe x Okay, total volume. All right, so we're on the december contract right Yeah, gold is kind of odd in that sense Let me get rid of this one Yeah, I agree Derek for your higher time frame here. This has potential for a massive breakout. Absolutely Absolutely, this is you're looking at the higher time frame and look at this now. Look at the order flow just zoomed out This is looking pretty good, right? This is we didn't know about it in here But now this is starting to develop into that. Okay. Well, how do you manage your risk in something like this? right You know, I don't know like a higher time frame you'd be getting in somewhere around in here and you'd be looking for the move up to 50 Okay, but you got a higher time frame. You're going to be moving your stops out. Okay bigger Most likely That's what I would at least Be looking at it that way. So maybe our stop was down here Right, or you know, you can you can also slice and dice it You know, you saw this move in here You're just looking for the move back up into, you know, some of these areas here take some off Now you've got you can rest easy and yeah, you'll you'll still take a loss here, but you've already reduced some risk Really, you know, it's up to you guys like on on your trade management like Maybe that's really bad advice. Like uh, uh, it's just you're all in all out Maybe you don't scale on your higher time frame You have found that you have better performance. That's the that's the key though You have found that you get better performance if you're all in and all out on higher time frames right Or maybe you find that yeah, it's better to reduce some risk and then I'm looking for the higher time frame move And just let it run Okay, so uh up to you guys, but this is looking really good and I I totally agree with you Derek That bounce off of this line here is is playing out really nicely. There's also a lining here with a volume profile Okay, and we were looking for that move to trade into this liquidity here Okay, so we're back to looking at 50 again up here Okay, after all of this Oh, okay, so you're looking at hourly cycles for your stops Yeah, it's looking pretty good And again on this time frame here, we're still in an uptrend Even though we saw a lot of selling You know could have come back down to here and still be in an uptrend Or you know here and it's pretty strong. I mean this is a deep pull back here, but this is a little more shallow And we're finding buyers So looking for continuation We're just at the european close here. Yeah, uh Think trader. Okay, so this is where to go. Um, you're looking for computer specs. No problem Uh, this is where to go go to the Book map book map.com here Uh, the more button go to the knowledge base Okay, the knowledge base is really the hub for questions Uh and support Uh, once you're in the knowledge base here, um, you're gonna be you're gonna land into the user guide section All right, so in the user guide section here, uh Look for underneath here book map system requirements under introduction to book map All right, now we we we've kind of detailed this out here because we've got a lot of questions about it You have book map for windows here. So read through this. It won't take you long Uh, but book book map for windows minimum here Okay Then here's recommended And then we also have you for heavy use using mbo high resolution full depth data. This is for no mbo data here All right. So these are your three different specs Uh and uh Read through it and then we also have it down here for mac Okay That should be helpful Yep, you're welcome Okay, Derek. Yeah your internals you're looking still for higher time frame move Yeah, it's starting to kind of wane up here as you can see like, um We were looking for this actually earlier when it starts to kind of wane the bind starts to wane up here And you start to see sell us on the other side. You're looking for that pullback Uh, there was some buying up here. It's not bad Um, but the selling you're gonna see your cvd starting to kind of change A little bit just you can just you don't need to look at cvd. You can just look at the volume dots here I start to understand it But um, uh, you know, if you if you're not getting a lot of buyers at the high You're You know, you're gonna get a pullback most likely Wow, okay, you have an i9 and 129 Gigs of ram it looks like wow Steven All right, and let's take a look at this structure here as well. Okay broke out Uh from the swing here, but and it's still making a higher high here But it just mild mildly got above it here just a few points Uh, and then then it pulled back pretty hard All right, so, you know starting to kind of slow down a little bit in here is looking really good Really starting to you know, you can see these buyers coming in here And so starting to kind of slow down a little bit see the seller and coming in now the sellers are going to try to move it the other way Okay back down to this level here looks like 36 And we'll see Anyway guys, uh, let's uh, let's wrap it up here. Uh, and uh, and call it a day tom b is just starting now so, uh, we can This this webinar will redirect you right over to uh, tom b's and He's a volume profile trader. So, uh, you know He's got tons of experience And he's looking at just the s and p Okay, we'll look at anything in here. Uh, in fact, we forgot to look at gold Not seeing much out of gold. Uh, you can see it traded down to this 81 level here And bounced Right, so I don't have a lot of data in here in gold, but you look look at it. It's kind of a mess Uh, so not not seeing too much out of gold Uh crypto, sorry guys. I'll go over that really quickly here Let's look at uh, let's look at finance futures Uh, we'll look at bitcoin Okay Yeah, some easy the the market was uh, kind of easy read I think this morning on some of those moves Jay So it was nice that they had the kid gloves on for me After back from uh, uh, taking a bit of time off Uh, so anyway is It it it stays like that only for for a little bit Again, but you know, we've done it a million times read the order flow if the order flow does not look that convincing in that structure that you're trading Well, it's telling you something Right, it's telling you something so You know, it's not high probability or it is high probability Uh, and uh, uh, that that is what where you're gonna get the insight All right All right guys. Yeah, thanks for coming everybody and uh, we will catch up tomorrow with you Yeah, yep, you guys Uh, thank you. Oh, uh, it looks like dug. Uh, you got some excellent leading indicators on hero Uh, es and in spy excellent great stuff dug All right guys. Yeah, we'll catch up with you tomorrow and uh, check out tom b's starting. It's already started I'm sure he's he's already streaming. Okay. Yeah, take care Bye-bye You