 All right good morning traders and welcome to the book map live trading webinar. This is Bruce said book map. We'll do live analysis here. We do it every Monday, Tuesday, Friday, 10 a.m. We'll have live trading tomorrow with Jay Trader stocks trader and then Scott Balsini a futures trader on Thursday. Let's get into the disclosures and jump right in. General disclosure all book map limited materials information and presentations are for educational purposes only it 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. So we're going to jump in and look at the S&P here. We can look at other markets as well but we're going to go through live order flow analysis here with foresight not hindsight. So we're going to read the current market and give insight to where we think price is going to move next. Good morning Alan. So Alan you can see my screen and hear me fine. We're on YouTube as well everybody so you can always jump over to YouTube if you can't see my screen in here. All right. Alan you guys can hear me if you could just type yes in the advanced webinar there in discord. Yeah okay thanks guys. Yeah all right let's jump in here. Let's take a look. Let's go do a little bit of a review as well. Look at some higher time frames but just go over the current market at the moment here what we see and what's going on here in the S&P. Many I'm looking at the June contract I've rolled over. I think we looked at it yesterday as well. So well we have an up move today. You can see it here 745 east coast time and you see the bump here at 930 to the upside and we've continued to the upside. Okay pretty steep pullbacks in this area here to where it broke out from though. We look at this all the time where this broke out where this strong move took place and we bounced out of this area here and see a nice move to the upside. Pretty pretty nice looking chart here. High liquidity over here filled. High liquidity on the offer I'm on the bid here doesn't fill but we see aggressors come in and trade into the high liquidity here at 4200 and above. Some pretty heavy selling coming in and this is made it into this kind of back and forth market here. So heavy selling back down below the swing here lots of stops triggered and then a move right back up. Okay so back and forth in here we have FOMC tomorrow so you know likely going to be pretty choppy here but the liquidity in here looks beautiful. You know they're trading right to it and they're avoiding it here so due to that we are still bullish in here and here comes our breakout volume looks good here looking for 4207, 42110 to to trade here. That's the next area here. Now we got to chew through a lot of selling up in here. It's not liquidity it's just that there were transactions there were sellers up here but buying looks pretty decent here so looking for them to push it through. Look at the bid here that looks good as well looking for 207. 4207 and then 42110. Okay so very easy read I think right there just following the momentum. Okay the bid looks good the liquidity looks good up here the volume looks pretty good so looking for the continuation. Alright if we get a pullback well it's going to be to this liquidity here and maybe a bounce off 4200 here. Okay so yeah we talk about higher probability outlooks. This is better. This is one of those. It's not the greatest but it is better. Yesterday when we went through a lot of different scenarios here we said well you know the order flow should do this but it's you know it doesn't look that great it doesn't look as high probability so anyway yeah I like the move here and looking for the continuation here. Alright until we see something different. Okay so anyway that's a quick read of the order flow here let me know if you guys have any questions. I'm going to jump over to the higher time frame though and let's take a look at that and see what's going on here. Alright so here's our daily chart over here on the left and you can see the down day here. Now just to review of yesterday we it was it was kind of right in the middle here and it was green at that point you know this this candle here was green on the daily so we were still looking for exploration here to the upside and we got it and then that it turned around and we're looking for a mean reversion play or the potential for that mean reversion play which unfolded and then unfolded here more to the downside now look at the candle though look where it went okay it's down here at these lows here and then and then this session today tested these swing the swing low here from back on the 8th of March okay so and we see another another wick here so rejection okay so buyers coming in here now the overall structure is negative here it's it's it's bearish okay we're making lower highs and lower lows so we're still looking for a continuation here to the downside we're you can see we tested here and just kind of breached it basically we have not gone back down to this rejection here from the other day or other week so yeah we'll see if like these these buyers can make it climb back up into maybe maybe not the high here maybe not this kind of 4240 area here but somewhere in here okay so like looking for that this kind of in this zone here so let's look at the hourly here in the middle and where we might go so we can see the open down here or at least the low down here and yeah let's see if we can get back up into this area up in here you know somewhere around there looking for buying strength to try to trade back up into maybe you know somewhere somewhere around here is it 37 yeah somewhere around I don't know 22 to 25 or so yeah 20 20 looks pretty good I kind of like that area here and I'm looking for in this scenario here buyers to continue to try to trade it up higher let's look at the 15 minute here and we can see the rejection candles down here in the in the move higher and a few wicks at the moment here but let's see if they can get back up I like this area here actually like this structure here back and forth break out and then break down so let's see if we can get back up to about here 4215 or so and get continuation all right so now we're just getting an idea of levels and now we're going to read order flow to understand those levels the order flow around those levels to give us insight to direction of the market okay so right now there's a couple wicks up here but you know we still we still see some at least so far there's been some buying all right so still looking for continuation if we can get it here all right let's jump back in here okay so what happened here okay yeah all right so yeah this was looking pretty strong here they tested down here and we're able to go through it so yeah this was looking pretty pretty good pretty strong looking for that 07 and this 10 level here well we didn't get it the the pullback has been pretty strong and it looks like they want to trade back down into these lows here and this liquidity here now let's take a look at this though okay we're still making kind of higher highs in here in this move and the bid looked good under here as well and yet up up in here we the sellers came in and we're able to drive it drive it back down lower all right so anyway let's see buyers trade it right back up to the top of the range here 98 they should be able to do that and then let's see if we get the bigger move here that we were looking for earlier back up into this kind of well first 03 05 and then 07 and then and then 10 okay we're just looking for that scenario here we're gonna you know go through these different scenarios here you can see what's happening already we did get up here to just about 98 and you can see what happened okay so sellers are going for this liquidity here I'm very curious to see if we state if they stay in the book and and transact here and what the reaction is going to be okay so let's go through some scenarios down here and what's going on all right so sellers came in came in pretty hard they weren't even able to make a higher high here okay not even an equal high as you guys can see here so in this move here sellers remain in control right so this all kind of develop when we're looking at our higher time frame here so here they go into this 190 okay there they there they go all right and that now very curious to see what happens here okay so let's go through these scenarios and then look for the order flow that matches the the scenario okay nice stop run boy that the offer here is really pushing hard as you guys can see okay and now the reaction to that are we getting more sellers or are we getting more buyers in here it's not really too clear here okay now now we got our buyers see see the reaction to this liquidity down here well we had the buyers come in and now they're starting to show and now look at them here okay sellers did take them on now we have our our insight here or the big transaction into high liquidity here let's see what this is the event so what's the what's the order flow around this event here and we're getting more sellers all right sellers let's see it hit it hit it into 86 and 84 not finding the sellers down here at least not yet okay here they are they should be able to do it now let's see it sellers hit down into 85 okay there's 86 that's about it just 86 okay back to the top of the range here all right so buyers did make a slightly higher high in here okay we have a big stop run here traded down into this kind of 86 level we have some structure down here and let's see let's see it let's see if these these buyers can now try to breach it here and trade back up into maybe 92 first 90 they got to get through 90 don't don't like it in essence here because we want to see the bid follow up underneath here okay we want to see support underneath here and we're not getting that right now here we go here's here's the support we're looking for see them come in looking for buyers to take it higher here we go they should be able to still take it higher let's see if they can get up to 92 92 93 that's where the liquidity seems to be okay our structure starting to just slightly change here okay slightly higher high here okay here we go let's see these buyers now they should be able to move it should be able to do it and they just stop they stop buying sellers come in right so uh structure is you guys can see like we're looking at here as you can see like a lower a lower low here but a higher high here and here and this is a higher low again support on the bid here so let's let's see these buyers right up here at 90 if we get the buyers here at 90 we should get our move 92 93 and let's see if we get them okay here they go okay right a little bit higher one more big green dot and we should get the move here there we go all right there's our move all right so up to uh just not 92 yet but still looking for it okay there's 92 there's 93 all right it's pretty strong buying here um uh you know the first target is basically up here around right right around where it came to uh and uh i would anticipate a pull back up there uh here's why we're just going to draw up our structure this is where we kind of broke down from up here you can see it here okay so we just tested to here okay now if we really get a lot of buying in here i don't know if we're gonna um if we do though we see significant buying above our line that we just made in here around this 93 50 we're gonna come up to 4200 okay or let's let's call it here that the first this little top of the structure here uh around this 98 level okay be looking for that and let's see it let's see if they have it here nothing shaking a good morning Jeff all right good to see you there here we go all right buyers let's see the quick move here now we you know we want to take a look though at the structure along the way here and start to kind of gauge um value here right we're not looking for a million point move all the sudden here um we may we may go exponential but this is what we're kind of gauging here a channel okay it's it's it's just basically a a a channel of um just like if it's it was a consolidation like a sideways uh horizontal channel okay it's just that it's slightly trending up and then you know it pulls back and then it trends up and then it pulls back and then it trends up so you know we're finding that seems to be playing out here okay it kind of broke it there but we're back right back up okay it did not break the swing low down here okay again want to see the book here support it underneath okay on the bid I want to see these guys at 95 pull that would be nice and we can go to 98 okay there's our bid our bid looks pretty good they're they're coming in they're starting to come in there they go okay still looking for higher 98 looks good and that would be a target there there it is beautiful move okay so what yeah that's a nice nice profit uh take profit achieve there yeah so anyway this uh just um these aren't trade recommendations this is for education only uh but uh you guys can understand the the scenarios here uh that we're going through this this is what some uh this is what's important is to have have um you know from from your studies have some sort of um idea of where price might be going next based on in this case we're using market structure and we're using the uh where that volume is transacting within that structure and the reaction to supply and demand in the order book these these three elements here uh and then we're going through different scenarios looking for okay well do do to this we should get our buyers that come in uh and we'd be looking for that move higher uh and uh so if we get so then it's an if then more or less like uh if we get our volume or what we're looking for in that scenario then we have the likelihood for this to play out in a specific direction now uh yeah just about at 4200 here looking for it to transact here we're gonna look at kind of take a step back look at the bigger picture uh as well okay so 40 40 205 looks really good up here uh if we can get our buyers up here there's kind of higher time frame structure um you know that uh we're kind of looking at uh and uh yeah um there's liquidity up here see see how this is kind of the key here is matching uh if we if we draw this kind of um uh sloping line here uh connecting the highs uh there's liquidity that matches that okay look at the order book here look how they flipped here we're looking for buyers here we're looking for buyers to take this try to take this higher here okay uh got a quick reaction by sellers right into that liquidity so they they took them on and uh and they transacted okay these guys just pulled don't want to see that if we get our buyers again we should get the move up into 02 or 01 and a quarter and then maybe we can get our breakout so let's see guys you know you can you can really see it in here this is the beauty of the heat map see how watch watch how the like demand comes in here and the and it's not just us like we're trying to like look we're not looking for a signal we're looking for context here and we're not the only ones these traders here uh are testing the market this is why the heat map works so nicely see how they they came in here with a little bit more and they found buyers right so there's buying pressure in here we know it right now we want to see them really kind of ramp up here and we want to see the buyers come in and then pull up here uh and then we'll get the move up into 04 or 05 okay so here's another test right they're constantly kind of gauging the the the uh pressures in the market here the sentiment okay so we're finding a little bit of sellers in here it's kind of turning back and forth now and now if we can get back up here and get buyers again look there's they don't even have to really move the order book and they're getting buyers so uh all we need is a bit more buying up here maybe a little bit of pressure on the order book at a higher level here and we'll get the move okay so the sentiment is up to the upside here we're gauging the sentiment here okay see see how they came in here now what was the reaction though our sentiment was or our idea was well we should find more buyers if they're going to come in here okay well they we just got our answer okay they just tested it here we go now we're getting now we're getting follow through now we're getting follow through this they had to bump it up with higher liquidity here okay and now we're getting our follow through up into 04 and 05 here 05 will be next okay there's 05 let's see if we can get up to our original target was this 07 up here okay which looked pretty good in here earlier now we want to take a step back though and take a look at the bigger picture though not get caught up into the order flow here bigger pictures we're up at this in important level now there's actually it's kind of we can look at it in two different ways horizontal line and our vertical line okay any questions on that using heat map like this this is where like it debunks the theory of like you know we're all trying to get some sort of like you know nitty gritty insight here I don't know if that really exists that's maybe the search for that holy grail instead we're reading the auction what you know what happens when they're testing these areas in here okay it does that liquidity transact what's the reaction after that transaction this happens all day long and all time frames okay see how they're pulling liquidity here what if we get sellers in here well they're going to be able to drop it right down to 01 or 4200 the figure okay but you can see see how they kind of like oh okay well we're going to show a little more demand here and what happens we found some buyers okay well let's see show a little more demand we should come up into 06 well we found some buyers here previously I would be looking for more buyers to show up again here if there's more demand okay well they've kind of pulled away and we found some sellers here now we want to see these guys stay in the book here not just show demand showing demand also helps tremendously but if they stay in the book and transact that has more significance all right let's see it let's see if we get more demand in here buyers not not yet and it's really they haven't really made a decision there now they're making a decision okay so let's see 06 06 and 07 okay I don't don't like it that is dark in here but we're still finding buyers I want to I want to see them move it up a little bit and I want to see it push price upwards okay so we're up at 06 now still looking for 07 here so look at the bid see the bid see how they pulled here on the on the offer and we're finding our buyers okay now we're at 07 okay 08 do you guys have any questions about that uh yeah uh yeah you're always you're always amazed how how you can read the order book like this it really it's um we'll go through the process again here again and again um it's this is not it's just it's getting kind of a feel for things uh in fact it's it's interesting um the uh uh you know I've I've spoken to many professional traders uh over the years uh there's a lot of older uh floor traders that you know they had they read the players they were like on the field in the playing field on the football field whatever you want to call it um and they're they're reading the sentiment by reading the other traders and when they saw book map a lot of them um the majority vast majority of them this this was the first time they were able to read a chart and kind of gauge that sentiment okay and it's the same it's kind of the same idea well you know this is like pit noise in here they're on the on the bid showing you know like kind of waving like you know they they they want you know uh they've they've got their their hands open right they're they're looking for uh they want contracts so now we're up at at two forty two fourteen okay so now let's just you know we'll go we'll go over that again and again here um uh I I it's I I okay finally got it here um um yeah we'll we'll go over it again uh and again no problem but I want to take a look at our bigger picture uh as well because um you know we're going to look at multiple time frames and let's see uh summit uh manager you're trying to understand basic volume order flow here appreciate effort every day yeah uh you're oh you're welcome that's what we're here for uh so uh the um uh all right so we're breaking out here now of our bigger range here okay now we thought that breakout would happen up here okay and we didn't get it everything was looking pretty good for it too uh in fact I I quoted that this as like being a higher probability move because look at the volume and look at the pressure and the move of the volume it looks good uh they were bidding up here looks good same ideas same concepts that that we just read uh and and we you know we got it this this time you know you can see that we didn't get buyers up here okay uh and then uh they started to uh poll here that's not what we're looking for uh and we're getting sellers in here right so we'd look for the first test well a couple of first tests this one here and this little nook right here this little pull back and and breakout so I'd be looking for our test retest back there sellers took it down they took it down to where it broke out from okay so this goes back this is more volume study okay this isn't necessarily have to do with the heat map okay it may but this is volume okay buyers came in and moved it here this is where they came in this is where they came back down to retest this area now if they can get the sellers below it here then look out right and they did they they were decisive uh and they they were able to take it down lower uh and then uh and then we started to look at this uh consolidation uh and um we got it we get another another breakdown here uh and then we're looking at um okay something different down here in this range okay made a lower low here but they made a slightly higher high here slightly higher high here okay so looking for the breakout yeah uh but uh you know it it takes a little while for these to kind of turn around uh so having a kind of deep pullback makes pretty good sense to begin with here to make a slightly higher low because we had a slightly higher high here so that's the expectation okay this is understanding market structure and the volume and the the possibilities for these moves within that structure okay as you can see it it kind of transitioned transitioned from kind of sideways and kind of downward market here are more like this is is the case um uh to slightly upwards okay and then here's our transition here in the slightly lower low great looking for buyers here looking for them to breach this and reach up to this liquidity up here okay that's just based on structure and in fact let me let me let me show you here take the heat map off we'll even take the volume bars our volume dots off okay we're just looking at best bid and offer and we're starting to understand the market structure by best bid and offer okay so and then there there's the move okay all right so we'll put the volume and heat map back on and then go forward here okay so we're looking for the the move back up into higher liquidity uh back up into um we really like the 98 up here okay that did transact and then and then well okay if they can continue on 4200 uh and uh and then a little bit of sideways a little bit of a pullback here uh found more buying pressure great okay we're looking for 0405 uh and then uh boy it just kept it just kept going here okay now we're back up at 4220 and high liquidity in here okay now there's high liquidity in here let's take a look okay and we're also we also looked at our kind of higher time frame structure okay we kind of took a step back and looked at this 0405 area and that's going to be pretty critical if they can get through that and they obviously did and then we're able to trade it up into 4220 here okay the high liquidity is up here though okay we're up here at 32 or so 3233 all right the question here um since the time change in California POC and okay so uh yeah this is a bug uh basically or we just need to update it so you're gonna have to change your POC and VWAP uh manually all right so so so do that to to match it up here uh it's just due to the time change like you said all right so for example um let's go with VWAP here it's under here right yeah okay VWAP here uh change it to well for you I guess it's going to be 530 uh California time okay and uh instead it should be 630 but it's it's um yeah we haven't switched it over yet I guess this has been a bug for for years um but I've reported it you know several times all right more buyers still coming in so still looking we have no reason to think any differently it is trending so and we get quite a bit of buying up here looking for them to kind of try to break it out up into 4225 it would be the next area but before we start to look for that let's look at the structure here how's the structure playing out okay this this is uh really important understand the volume within that structure so we already we made a lower a lower low here okay off of this area here and we just slightly broke out here all right so let's uh kind of let's get rid of our lines uh and then let's take a look at something in here okay even in here yeah it looks like they're going to try to break it to be honest to the downside we'll see so slightly higher high into high liquidity that did transact okay so let's see if we get some sellers down here at this kind of 17 area here and we're not not we're you can see them on the bid here okay so interest on the bid and and and price moved up all right so we found some buyers okay let's see if they can make it to this liquidity here okay which is the swing high I don't like it in here see how it's kind of dark it's indecisive we want it we want to see something a little more decisive okay still still buying pressure in here a little bit okay a little bit on the bid here let's see see how they test it see how it's tested like that now a little bit more they should be able to get this liquidity here at 4221 and a quarter this would be really careful on these though it's dark underneath here sellers can come in and trade it very quickly right back down to this liquidity okay just like this all right so it's understanding the the orders in here okay the sentiment a summit manager how can we know long short liquidity here I don't quite know what what what you mean these guys are pulling here at 16 as well so a little more selling here then we're looking for 14 this area here look at the offer starting to kind of trail down a little bit okay now see a see a sentiment change in there see see that okay now now we've got to look at the structure okay so you see the sentiment change in here do you guys can you guys feel that or see that right that was a change okay and look what look what happened buyers came in okay now now it's kind of a little wishy washy here still still bullish okay they're coming in again okay but see how they pulled though when price came down toward them so that's the wishy washy part that we just don't you know know if they're really going to be buyers or not okay well we got our answer now now we're up at this 21 and look at the sellers compounding in all right so not really seeing much right now at the moment you know it's it I don't really see anyone kind of moving or with supply and demand in here I don't see many well there's more sellers than there is buyers in this little area here that's for sure okay so maybe they can try to reach back down to this 15 or 16 level here here and now we're getting some insight high liquidity 1875 okay what's the reaction all right well now they pulled now they're down here lower so they're pushing it okay now now we're getting them we don't we don't have a sentiment change quite yet but we found buyers okay that's that's the first part here first kind of a key here okay what's the sentiment after this transaction not much not much yeah it's it's kind of just kind of floating here in in this area here we found some buyers here okay now if we get buyers back up above here here we go now I'm looking for the move to 20 okay we're looking for more buyers above this area here okay let's see it let's see it buyers on the bid let's see them ramp it up here I don't want to see this I don't like it I don't like seeing that more liquidity on the offer here but we're still finding buyers interesting interesting this is an interesting dynamic here okay a little push on the bid here we should get them to trade into 18 and back to 20 so it's dark in here and we're still finding buyers okay that's interesting well so a little bit of a demand at a higher level we should be able to get back up there then and you can see that that didn't happen let's see if they try now nope let's see if they try again okay there we go let's see now do we get them we should should go to 18 and then and then maybe maybe we can get to 20 here okay a little more on the bid here not finding them though all right so maybe we can get sellers to trade back down to here 14 this is dynamic here you know it's it's it's changing it's flowing like you can see they came back actually in on the offer here so then this is this is hard read in here it's a it's a hard read to understand kind of what's going on so stay away you know we're looking for clarity here okay well we got our buyers here now yeah here we go that so a little more here and we're getting our push to 20 and that's a hard read and you'll you'll see how you know when we start to look at some of these reads in here notice how like you know sellers come right back in and pound it right back down oh no no problem dom shoots dom shoots clips uh you're not interrupting this it's a good question we we caught it yesterday as well so uh let's see so after tests like that and someone takes the bait you're looking well it's it's really it's not um yeah sometimes there's traps and we can kind of read that you know the trap volume of course or you know where it might might go but i'm it's not really about that it's just reading the sentiment here it is by by more supply more demand and and then you know within the structure here like right now we should get a breakout here and we're getting it right right when i'm saying it it's really about the sentiment in here there is buying pressure okay and they're pulling here on the offer uh and then they're we kind of we kind of saw it come in here like wow okay they're starting to bid up we should get some buyers here and they should be able to trade it back to 23 they pulled at 23 okay great they should be able to go a little bit higher okay they didn't they they traded right back down and they stayed in the order book here okay at at 20 and three quarters okay so and look at again here here's on the bid here let's see if they stay here in the bid we should get buyers and they should be able to trade to 24 so uh yeah i don't really like this one i want to see them up a little bit higher and see how these guys are pulling so i don't i don't i don't trust this this bid here right now and when we're finding that nor do the buyers here right so sellers are going to test it they're going to test this area here they're likely going to test down to 19 here okay there's the move to 19 and even at 19 they moved it they pulled that liquidity all right so let's take a look now all right so i'm buying up here but it was really nothing in the order book telling us and we're kind of in the middle of the structure here don't really see much okay some selling coming in testing where these buyers broke out from here let's see if we get some more selling in here no and and what about the offer nothing here see how the buyers can now they're starting to show up here but see how the buyers can lift it right back up into these areas here pretty easily if they if they uh if they want to all right guys let's let's take a bigger step back here we'll go over this again and again but reading just these very simple things this is not complex it's it's it's very straightforward and it works on all time frames so that's where we're going to take a look at the bigger picture here and start to look for pullbacks or follow-throughs etc okay so looks like we're above this 10 level looks pretty decisive so far but we can get a pullback to 40 to 10 uh let's see uh submit manager um can i explain again the the liquidity that uh that we we spoke of earlier yeah i think we just kind of went over a bit of it um but we can do it on higher time frame as well okay so let's zoom out let's take a look at it well higher time frame and let's let's also right click in here go to heat map settings uh and we're going to um i usually have it on default here except for this i have all the way up um on the dimming and uh let's let's just filter the heat map a bunch uh and try to look at just very longer higher or higher term or higher liquidity here okay and here's our view okay well here they are this is uh at 40 to 25 and then also up here further uh around this 32 33 area and that's that's it this is the most significant liquidity in this view and now how does that fit into our higher time frame well let's go to our higher time frame and take a look okay so we started off the webinar as like maybe up into some of these areas here around right around here if we're going to stay we're kind of in a downtrend here you know we made kind of an equal low here um maybe it's it breached it slightly so i'm kind of looking for a lower high here even though today is an update and we know that uh so we're looking for a test back up into uh i i liked um yeah i like this kind of um i like this swing here at 34 but slightly lower than this swing here at 44 yeah that that's about right so let's see them test these highs up here around 36 37 something like that okay let's take a look at the 15 minute chart over here yeah it looks pretty good again we're getting a bit of a pullback here right now on the 15 minute we see a few wicks up here so maybe we'll get a pullback to somewhere around here 08 okay let's let's put in uh what's the look back period here we can look at one day okay and uh yeah here's our move up okay maybe a pullback to about here like um yeah 07 uh 05 somewhere around in here these wicks okay pullback maybe some consolidation and then maybe continuation but it's the order flow is going to tell us so let's jump back all right so uh yeah made a higher high here we selling start we're starting to consolidate though as you guys can see and let's see sellers coming in all right so here we go all right so sellers are going to try to drive it now and they're going to try to drive it away from this area here uh on size okay unless this is a false breakdown okay so we're going to watch this closely let's go back to our original heat map settings and hit restore except the dimmer i'll put back to 100% okay and they're all they're pulling on the bid here they're they're adding a little bit on the offer all right so sellers let's see if sellers can bring it down to 12 or maybe our 10 level and we're getting our answer here the bid all of a sudden got really strong in here and we found some buyers and they're pulling now on the on the offer okay now let's just take a step back though and look at the structure in here okay what's the structure telling us okay well we're making lower lows and lower highs still still okay and let's see are they going to support this move here this little move here let's see yeah so far so good now up here see how it's dark underneath here we're still kind of watching it here all right we a little a little bit more on the bid here all right do we find buyers no no all right so sellers should be unless unless a shift changes here we're looking for sellers to trade into this 1350 here and they're pulling here okay the bids actually starting to show some interest now though see it see how the blue under here watch this blue under here and even a little higher here okay so we're not going to get that move okay and then this totally disrupted the this liquidity here 290 came in and disrupted the whole picture buyers seem to want it though see see the sentiment in here see other they're kind of they're kind of interested it's not repelling them so they are trading into it right now you can see so they want it you know they're they're they're they're willing to to trade and tangle with these guys okay pull back and let's see them let's see them attack again here right up into the 16 level okay they seem to want it okay buyers you got it here if you want it go for it right no and they're not going to they're not they're not doing it okay so sellers ought to bring it down to 13 now okay see see how this this disrupts everything here or you know we have to read it what's the reaction to it now we get our move to 16 and we're getting both of those moves here both of them reaction to it up to it now they trade back into it and through it back to so to 16 and a 13 okay now it was this in here that made that unfold here now look look at the buyers claw right back after it and so there's come right back in to counter okay so we're just between 13 and 16 right now and really nothing in between nothing in between right now okay here's some buying pressure now you know before it was countered by selling pressure look at the bid though look at the bid see how they're trading into it now uh uh Jill do I look at uh at CVD um uh knickknack easy for me to say when I know what what what I'm looking for yeah I'm I'm trying to I'm trying to teach you uh how to look for it too and uh going through the process here and and like I said this works on all timeframes we're going to go through it on smaller time frames so we can go through many many examples uh Jill do I ever look at CVD for clues not really another big fan of indicators uh the um you know CVD is this kind of uh this line down here um and sometimes it plays out nicely but I mean we used it the other day and saw a great move it just it just didn't make any sense that CVD was up and up and up but we kept on kind of going down and then sideways and then it just took a long time for it to turn around all right guys well so here's our move back down we talked about this on the higher time frame a move to test 10 okay so here we are at 10 let's see if we get more selling see look at all the buying over here the structure here this is a see the low volume node in here you don't even need to use profiles to know that you can kind of see the profiles in these already uh here's why look at all of this volume here a little bit of volume here although a big volume dot doesn't matter it's just one little area and look at all this volume here this is going to be a low volume node okay let's get rid of all of these drawings again okay and we're bouncing off of it bouncing off a 10 did they they didn't even stay in the order yeah they did they stayed and transacted yeah so yeah Jill I think it's I mean use CVD but like I I think it's very very important to use it as a confluence all of these indicators should be used as a confluence even these stops in icebergs it's a confluence it's not a signal now for example Scott he actually after I say that he kind of does use it as a signal but in a very very different way he's looking for significant stop runs or significant iceberg transactions or both but that's the event right like we were just covering the event of like here's an event that took place a significant event they traded into this high liquidity here the buyers okay now what's that order flow around that event that's so he's not all it it's not an alert it's not a signal it's an alert to pay attention now to order flow around that event that's what's important okay so CVD is similar I would suggest you know consider using it that way instead of some sort of like kind of signal look at it like let's just take stops and icebergs off here for a moment okay and you know look at it as a you know some some sort of additional insight to the order flow like look at this this is slowly creeping up all right well what if we get buyers here what if the order book starts to show us something now you got something in CVD beautiful look at it play out it's gonna it's gonna trade here 16 and a half right because you know there's more buying pressure in this little move right here and this consolidation in here there are more buyers CVD is telling us that so we're looking for them move up into this 16 and a half okay so we're looking at the order flow at that point now within this consolidation what are we looking for buyers up here order book to support it on the bid and them to pull away on the offer and buyers to trade it through because there's more buying pressure in this consolidation period okay does that make sense does that help Jill let's see Sam you have a burning question when you say sellers buyers adding liquidity does it what does it mean well it just means these are limit buy and sell orders on the bid these are limit buy down here on the offer these are limit sell it's liquidity it's that's what the market needs orders and to trade oh you're welcome Jill um so uh yeah so this is a nice little signal here well signal I don't want to say signal um but there's a nice little read in here right and this this was helpful CVD was helpful here so now now we're even breaking out further uh and uh yeah now we're up to 18 all right so um again though I like I would look for um this as read the order flow first order flow rules first uh and and look for the order flow now to get some additional insight in this little range here well we got some additional insight with CVD okay it helped us uh let's see here yeah so basically Sam um when liquidity like just think about it um it's supply and demand and and think of it this way uh you go shopping at the supermarket and uh you see that you know they're bringing in a bunch of uh a bunch of uh potatoes you're interested in in potatoes okay well you know in general the the the kind of bigger picture of what a potato is worth uh so and what you're willing to pay for it and that's kind of like longer term liquidity uh basically that there's kind of a constant supply and demand uh that is you know we know that there's sellers up here and there's buyers down here okay so uh now what if something comes in and disrupts that okay in this example here at 42 20 someone came in with higher liquidity in here there's more supply now what's the reaction to that supply does it repel it okay what does the market think of the the the aggressors here market buy and sell orders they're telling us what they think of this liquidity okay looks like they want it in fact so I'm looking for them to transact okay the bid is starting to show see how this is kind of repelling it here but this is already digested in the market this 42 20 okay this is the smaller well here this kind of liquidity underneath it's blue and it's not very high liquidity but look at the the how it's kind of inching up and showing more demand here they want to be buyers in here and and that's pushed uh price back up into this already understood level of supply okay so a lot of you'll see like a lot of traders uh with their tweets or like in these in our discord chat room uh they'll talk about um the liquidity uh the longer term liquidity acting like a magnet and that is true that is typically true because this is where there are sellers if buyers want to meet the sellers they're up here you can see it even better in stocks and let's take a look at apple uh and you can see here in apple uh how they are um advertising basically at 9 30 a.m. look at where they're showing liquidity okay 150 uh 149 uh 75 or 80 down here okay 152 they trade into it 153 is the next level buyers are interested in it they should trade into it looking for them to do it and now what if we have underneath see how you you can get this kind of like a skew whoa all of a sudden a lot of demand comes in and well there was already buyers interested and they actually did test it a couple of times here and see underneath here they're kind of showing a skew of more demand at a higher level we should we should trade this okay this 153 should trade okay does that make sense starting to understand what repels and and there's our trade and like again just you know think of very simple examples I think uh is very helpful uh just think that you know if if um you want a new ipad um and uh you know there's a ton on the market well then likely what's going to happen is uh we're going to uh uh you know see uh price drop okay right so I answered your question good yeah it's a it's a very good question uh and it's it's one that um you know it doesn't always hold true uh that it well we need to see if it repels it or if they're they want it sometimes you'll see high liquidity try to push it higher and then the sellers come in and they go right for it but this is this is a classic classic example of it right here in front of us in apple it it doesn't get much better high liquidity they pull add higher pull add higher push it into 153 and we're still going higher here okay this kind of reaction to this high liquidity or more demand on the bid uh kept buyers uh engaged to trade up and and and transact with these guys at 153 okay and uh yeah sometimes it's a spoof uh you know sometimes they have no intent to trade here and they're trying to just kind of show demand but they have no intent to to trade and then that is a spoof and that is illegal uh I wouldn't say this is that that case here because they did stay in the order book here uh and they were willing to transact let's let's take take a quick look quick quick peek at it here yeah I don't even know if maybe they did transact no they didn't even transact but they you can see the best bid was in here someone could have hit sell um and transacted with them so yeah anyway um uh Jeff you actually find CVD very useful except uh over roll over weekends yeah well that's fine um I would just highly suggest read the order flow and then use the CVD as uh uh I mean I've just there's so many false positives that I've seen and in the order flow and really never never you know fools you it might happen really quickly and and might you know change very dynamically but for the most part the order flow it it it's pretty spot on it it tells you right now if you get additional information from from uh other other uh add-ons or confluences and indicators great you know fantastic just make sure that it fits the order flow that that's all okay and you can build it you can build a trading plan right around that like for example here you know this is there's more selling in here than there is buying okay well based on that and then does this reject up here yeah it's rejecting all right so now do we get sellers into this area here all right so they should be able to take it down to the bottom of the range then okay down to 16 okay makes sense so just another quick read there uh and it's playing out nicely by understanding the most volume in this area here okay beautiful beautiful move into 16 all right so there's more selling in here they should be able to draw it down to 14 as well okay now let's take a look at the order book as well here okay because we're down at the bottom of the level yeah might get a pull back to about 17 and a half but basically in general we're looking forward to move down to this 14 okay and there's another quick little cvd read in here okay in this case it worked out pretty nicely in both cases all right let me get back to the discord chat here guys sorry about that um oh okay sampan you're you're in here as well all right uh let's see what i recommend a beginner to learn by watching something like apple or es well the um these webinars here the our our goal is um to cover order flow um and provide you a foundation uh you know we can um reading and understanding book map uh is and and what the what the what is this chart telling you what is the order flow telling you that that's the key here okay it's not a trading plan that we're going over okay this is something like for example a trading plan would be like okay well you're looking at price structure and then you know you're looking at the the volume and you're looking at um uh the supply and demand uh then you're looking at a confluence with your um your your cumulative volume delta okay now you've now you go back and you study that over and over and over again and you you you start to understand when you know you have an advantage okay and uh there's just so many different ways to look at it okay so tom be he'll he'll be uh in in the room in discord here shortly uh and uh he trades a very specific way okay he looks at volume profile so if you're a volume profile trader then you should go check it out the um you know the goal here uh in in um in these webinars is to go through uh order flow and in general uh that can be applied to any trading plan if you're looking at patterns you're looking at profiles whatever doesn't matter let's let's take a quick look at profile here what do we see okay well yeah i mean uh pretty ugly looking profile here but beautiful breakout okay we even had this tested to uh 40 to 10 okay and look at all the volume that's trading up here now right the majority of this entire session has been like uh well we started around here i think right 10 o'clock and uh yep and we saw we saw this strong move and and we were looking for that strong move okay up into these areas up up in here boy that seems like ancient uh time now um but our 05 area god we were looking for 98 first and then the figure we were way down here looking at it yeah we were we were looking for the the the turn around down here uh and uh and we're just looking for targeting high liquidity here uh you know it was it kind of shifted and changed but 98 was showed liquidity in there at that time and then you know there was um uh 4200 uh and then we were looking at this kind of 05 and then back in this area here we were we were looking at 07 and 10 um um around just after 10 o'clock okay and and this has been the important level actually now if you look at it high liquidity breakout retest we're still above it right so now let's take that let's take a look here also at our higher time frame okay so uh yeah we'd still like to see it come up into this kind of 36 uh area here things are slowing down a little bit you can see on the 15 minute you know strong moves and then it's just uh you know it's kind of sideways here wicks on both sides um i i would recommend that um well you you watch the how to get going here for beginner um have you have you seen our educational course i'm so bad and why i why i mentioned that so yeah watch at least part one and part two um to understand what makes price move okay market mechanics this is going to be a totally different education than anything else okay you might have been studying volume profile for ages or patterns or something that does not matter um i want you to just kind of you know forget everything for a moment um and just just look at um uh the uh uh market uh mechanics the market structure and then build out from there because that is really important and what makes the market move is really important patterns don't matter uh and and i view um you know uh volume profile as a pattern as well okay it's just uh you know the pattern is like you're looking at you know these these profiles and you're just looking at it basically tilted on its side and and and volume collecting in here okay and then understanding these areas in here um so uh uh that's not what matters what matters is what makes it up what's behind it all okay so for example right now you know we're we're in this in this kind of area and we're finding some buying interest great well they should be able to explore it up here then right they should be able to hit forty two twenty if these buyers really mean business they're going to come up and trade into here we're looking for them to explore this area here and if they can do that with size then we're looking for forty two twenty five and here they are they're already at forty two twenty okay so great let's see now let's read the order flow in here okay now it is the bid strong it we're likely going to get a pullback here probably to about here and we're already already almost did it here uh to about this eighteen level seventeen and three quarters okay and now we're back up again okay well we might even get a deeper pullback to here okay but there's a lot of buy volume coming in okay and that means it can explore the end of this profile here okay and start to transact and and and build value up in that area here and fill it in okay and then we look at book map here and and then yeah we'd be looking for the move up into the high liquidity up to forty two twenty five oh good okay yeah finding these these webinars extremely helpful yeah yeah excellent that's really really great to hear i mean uh like i said like you know here's our move it here here we go right here's twenty okay now let's read it very very closely in here and see what's going on okay is there still buying pressure above it not so clear right now what about the bid and they offer not so clear okay here a little bit more buying pressure all right okay a little bit of selling all right not so clear okay now let's see we're looking for an edge in here some sort of clarity and uh yeah sellers just came in and knocked it right back down okay now that's just new selling coming in here now what if we get buyers back up above this little area here let's take a look don't see them don't see them yet looking actually more sellers so they should be able to drive it lower seventeen okay let's see do we get a little more yeah let's see if they can drive it into sixteen maybe fifteen okay we're looking for them down here sellers we're not getting them now not getting them do we get buyers up here no okay a little more selling here all right sellers let's see it then you should be able to move this back down to sixteen okay see see how you can read that you can read the sentiment in here okay a little more selling down here not yet there they are well you know that's that's that's hard to read but came in very very quickly right where we're down to like let's zoom out okay we're down into this this liquidity down here okay now we're just going to zoom out and do the same thing okay still more selling pressure all right so sellers should be able to reach twelve so this was this is a failed breakout here strong buying looks pretty good we're looking for the move to twenty got it it went through it we're looking for twenty five pullback hard hard selling coming in so looking for looking for these lower liquidity levels right now i know that that's very quick here in the in this move here right and you know we're dissecting we can we can dissect this and look at all of this here you can look at elliott wave within here if you want whatever or you can look at trend lines etc you can you can look at your profiles etc but the it was you know it was the the order flow in here that that we saw the shift in the change right and then we started to look for this uh now higher time frame same idea okay so what do we see in the higher time frame here was it's not too conclusive right now to be honest made a higher high here just made a lower low here and we're just we're between forty two twenty five liquidity and forty two ten liquidity uh we'll go through one scenario here we have our european close coming up uh in five minutes and we can we can look at this whole area of um not liquidity here but traded volume transactions okay this whole profile here and we can look for what if sellers get back down below it here at forty two ten okay we'd be looking for strong selling to get back down here and if they can get back down in here they're going to go for these other areas of value in your profile or just other areas of a lot of transactions down in here and this would be the first area forty uh forty two hundred and there's also a v-wap there so you have a little confluence with an indicator okay and it makes sense too we can even look at it this way all right so a move back down here makes pretty good sense okay and retest this area down here but we need to see heavy selling to do that all right and if you if you can get even heavier selling below forty two hundred look out you know they're going to trade back down to these lows in here okay uh forty one uh seventy eight or so or uh eighty six or so something like that uh stefan i i don't have the cues up i'm sorry we can look at nasdaq e mini if you want though um and uh you know again it's in rollover is it looks a little a little funny a little strange here but look at the high liquidity up here a ton look at that eleven thousand contracts up here or eleven hundred contracts up here uh yeah i mean and and so far the structure in this this looks like it wants to trade and i think they're going to go for it right here right now look for it they're going to trade it 350 okay there's your quick quick move quick analysis on that um but uh you know nasdaq was it was showing us some some buying coming in here i've got this on uh interestingly enough volume dots here i'm gonna put it on delta uh gold okay quick look at gold what do we see i got my stops and icebergs up here um well you know overall gold is uh you know it's in a downtrend here okay slightly higher highs here so it might be starting to try to i mean you can see the buying coming in here so maybe maybe they can trade it back up into this liquidity here okay i like that area because this is where it dropped from right here uh i i i i i would be very careful with the rsi if you find um you really have to to to match it i mean just going off of an indicator i think is extremely dangerous i mean what kind of edge are you getting um off of that you know you have to quantify your edge okay s and p almost got to no it did it did get to 25 here okay we kind of missed that that's that's too bad um we traded back down here and the buyers came in um in this s and p here okay so anyway guys we got to wrap it up here um and um yeah hope you hope you like the uh the webinar if you did give us a thumbs up uh and uh follow us here uh if you like uh or subscribe the um yeah you know a couple big scenarios here okay it seems to be so far it wants to go to the upside so we're looking for not only 25 here we're looking for and this is looking like it wants to break out now be careful but like look at the volume here right looks good look at the bid looks good bigger picture 25 up to here this liquidity up here it's been in it's been in here since 9 30 so up here around 33 okay that would be the primary scenario to look for here and it looks like it wants to do it right now okay based on the order flow we're looking at here even on this higher time frame now this is this is good this is the kind of move we were looking for now let's align that order flow higher time frame vision with our our candlestick chart and our levels and we were talking about this level up here around 36 so it looks like it wants to do it the hourly chart here 15 minute chart these three candles here is like oh ho hum you know it's kind of doesn't it's not really showing much interest well they're showing interest now right and we can see it look at the volume okay so that's the primary scenario until we see something different in here in the order flow right so yeah hope I hope you guys found this helpful but very very simple this is very simple stuff this is not complex you know and again this can all be extrapolated to any trading plan if you trade fibs you you can start to understand your fib levels and then order flow around those levels okay if your volume profile if your patterns like this is a breakout pattern here and you'd look for it to create a new trading zone if one from whoops sorry one from like here to here okay all right guys well yeah thanks for coming tomorrow I'll be in for like about 15 minutes or so and then Jay Trader is going to come in and trade stocks so it's always a treat to have Jay Trader and to have Scott Polsini on Wednesdays and Thursdays so yeah we'll see you then else yep good trading and have a good day