 Okay, welcome to the live webinar. This is Bruce at book map and we're going to go through live forward-looking analysis here real time So that matches with our education. So you you guys can Put our education to the test in the live market. We're going to go through Looking at order flow and applying that to many different trading styles in here So let's jump right into it. We had some great data this this morning with CPI and a lot of volatility 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 substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Alright, so let's jump in here and See what's going on. We had the CPI data Earlier today and look at the volatility in here. So Do you think you think the markets are pretty sensitive to the? Inflation data and interest rates. Well, here's your answer. So CPI was More than anticipated At the year over year and but the core was in line is what it looks like here to me so I don't the markets don't know what to do here is is really kind of what it looks like is a kind of conundrum between The employment data and the inflation data Very kind of strange in environment, but Let's go through what the market thinks of it in order flow here. That's what we want to that's what we're here for We're going to read the participants and apply Their behavior to where price might go next. Okay, so we're looking at stops and icebergs on here I'm going to actually take the actually I'm going to leave it on Because I want to go through the data here on the release and you can see the drop immediately. All right, so just just I Think a trader reached out to me earlier today Humphrey, I don't know if you're in here and You know, he was he was asking about that. Well, what you know, I need all these special add-ons in bookmap And like I just want to say like well look at this the core features here in bookmap and Look how much you can gain from this information. Is there any question in here where buyers? met sellers Okay, it's right here Look what insight? I mean, I just you know, I it's just hitting you over the head here. All right, so It is right here Okay Right in here These are sellers aggressive sellers. These are buyers here Look where price went It went straight down to it. Where did it bounce right from it out of it? Okay This is how you can put these pieces together All right, so let's just zoom out a little bit now Look at the liquidity before the event. Look how these guys stayed in here. No matter what? No matter what? They stayed in the order book here Look at how they they take like this is like a I don't know like a three minutes before the event So they start pulling liquidity a lot of traders start pulling their liquidity They don't know what the numbers are they want to stay away from the volatility Does this help you Does this is this clear look how clear it is. I mean they stayed in the order book they got filled All right, so now what happened after that? price went up price went up into looking for where the exchange between Sellers or buyers aggressive buyers meeting sellers Hey, well they met some in here right in here Is that clear Humphrey? I don't know if you're on this call. I hope so Because I'm just like showing the core features with book map the heat map understanding limit buy and sell orders where they're Providing supply and demand and the context between the aggressive buyers and sellers This is basically your Demand hitting the supply here. This is like no different than your your Curves that you see in in economics 101 that you know, here's your Supply curve like this here. It's more like this Here's your supply curve supply. Here's your demand curve This is the intersection between it This is the same thing Okay, so there it is and there it is in front of us. We know what happened here other software You know just to You know to it's a it sounds like a plug, but I got it. I mean I just I can't here it is in front of us What more kind of clarity do you want? This is extremely helpful And we have these other add-ons here that we can get more insight from to help even further But you know, it's here in the core book map Look at this. Look at the demand or I'm sorry the supply up here. Look at this Look at here's an algo Chasing after the market here pushing it down as well. Okay now This is like supply here as well They actually got filled here, so is this a spoof now just understand this concept in here This is supply in here limit cell orders. We can know precisely how many here 94 here, and then it went down to 78 you can see 94 again 90 or 62 down here and to me You know, I'm not really sure what's going on in here. I see that it looks like they got filled here, right? So probably this guy is chasing. It's not I wouldn't say that this is spoofing Hey, I would say that he got filled dig. He wanted to be a seller. He got he was a seller here Okay, so there it is Again, we can understand this kind of behavior in here. We visualize it book map is excellent at visualizing this So if you want that kind of information and put this into a plan Maybe, you know, you like understanding this up in here this supply up in here and this guy chasing That maybe you're just now you're looking for pullbacks Maybe it's a low volume node put this together with your your Low volume nodes if you're a volume profile trader great perfect then you got it now is Does more more sellers come in great? I'd be looking for it to come down to here Okay, it didn't because why these guys put more a Demand into the market and they actually transacted right here. Okay, we should get a bounce out of that area. We do Okay, it's kind of short-lived And it trades back down into more demand in here and here Okay, all the way down into these areas in here and it continued on all right now watch this though at a certain point All of this demand in here is going to get filled And we're going to find aggressors come in on the other side and They're going to go in and test and meet supply on the other side here It is right in here. You can see that heat map and here it is up in here in these areas here okay, I Hope this is helpful for you guys the Take the rest of the day off 25 points excellent Way to go Good morning Alan. Nice to see you in here and let's see other guys on discord. So Let's see. I think I'm not in the chat here. I'm sorry about that Hold on hold tight all markets. Yes, okay Okay. Yeah guys the discord chat is in all markets right now It's not aligned with the same name as advanced webinar. All right, but if If Humphrey wants to get back to me and you have questions in here because I'm just demoing the core features in here We've had for a long long time in book map Now we have other I mean god, I mean look at how good that looks so Anyway Let's go over Another feature a new feature that we've had in book map called trader map pro Okay, what it does now this works with market by order data and what it does is is Filter the heat map even more By showing only large orders. Okay, so let's take a look at that it's here and Let's zoom out a little bit and let's look at this area here and we're looking at candlesticks overlaid on it Okay, well here it is right in here. Obviously clearly clearly larger players down here Okay, what about this is 10 lots here. It's either 10 or greater at this area. What about a hundred? Let's look at a hundred and let's zoom out. Look at this look at this map here and Understand like what's going on in here, and I don't have do I have the CPI data? Yes, I do. Yeah The just massive spreads because it's show me where a hundred lot trader or greater is trading They're here Okay, we know for a fact. These are larger players Okay, so and they're way up here on the offer They come back down and get filled a little bit in here on the bit I'm on the offer. I'm sorry, and then they come in here and get filled a little bit, too Look at look at their behavior in here Hey, they get filled a little bit in here pull it back up get filled a little bit in here Keep it in here and actually lower it in here now Are these the same players or not? It doesn't matter. We we can understand the behavior in here We can start to look at that behavior And and maybe Extrapolate that it's the same player, but what we do know is they certainly got filled here on the bid And now they're getting filled on the offer. They're nibbling away here at some of these areas in here And we know they're getting filled Because here's their behavior. Here's here's the limit cell orders in here Let's just zoom in how many are here. It's got to be a hundred or greater, right? 131 Okay, did it did it transact? Yeah, it did right here Okay, here's another 100 lot did it get filled not all of it No, I'm sorry. Maybe it did No, it didn't it certainly didn't Okay, here's the number of transactions right here. Okay, and this in the CVP chart range volume profile Only seven only seven got filled there. Okay, so let's see what kind of effect that had on price Well price just went right back up Okay, so this guy's way up here, right? But you can see how they're nibbling into these positions here You know providing some getting filled a bit pulling away adding to their trade pulling away And we can start to Look at you know where look at look at the behavior in here now. They're getting filled in here a lot Okay, this is where you can look for it to drop to the next level down here 4100 okay, and Didn't they're still down here. They're still down here, but now they're now they're here on the offer up in these areas up in here Okay, so anyway, we can start to understand the behavior of some of these larger players here now that this is this is an add-on it and I just want to show the heat map though with this add-on in here We can go back and we can take a look at the core regular book map version and we can even take off the Stop some icebergs on chart here and just and we can go back to CVD. Okay, make it real simple here Okay, this is with book map global version $49 a month Okay, and then if you want if you want to connect and look at the stock indexes here from rhythmic It's 40 bucks a month All right, so for 90 90 bucks a month. You're up and running looking at This this information here within book map All right. Sorry guys. I'm on a rant. I just wanted to answer some of these questions because it's a good question that the Humphrey had about like well I'm looking at all these add-ons and like what I have to purchase all these add-ons. No I mean look this is the core version of book map and it's extremely insightful you have a layer of Transparency here like did they get filled up here? Yeah, they did look at the retest Right here. This is what we always look at. Okay, so here's the scenario up here These guys got filled up here Market pulls away. It comes back up retests up here and nothing trades up here. Okay, or very little trades back up here at 4170 We're gonna find sellers on the other side in here. Where are they gonna go? well, we look at some of these areas in the market structure and Combine that also with high liquidity. So it came down to this liquidity that stayed in the order book down here Okay, this understanding this here being like a double top Okay, after a big move up a double top and there's no trading it exhausts out here on the retest This is giving good insight here All right, so we look for those sellers. Do they come in? Yes Do they come in here again? Yes, even at a lower level great We can look for the move back down even to even into where it might have initiated down in here Okay So anyway guys, I I just want to go through some of these core features in bookmap and what you can gain from it understanding this relationship between supply and demand and this is the behavior this is What? The auction is all about here Okay, so let me get to the questions. I'm learning from Scott about ranting So Anyway, Scott will be here on Thursday JTrader tomorrow with stocks Yeah, happy CPI day day Allen to you as well. Let's see here. We're gonna need all the super computers in the world Yeah, no, I wanted I do want to go over another feature in here as well but We'll just start with these core Features in bookmap and and what you can you can gain from that Please explain the correlation between the ES and crude Okay I'm sure it's kind of a weird correlation, but okay, what what is Let me get an answer from you what is crude oil, okay, what what kind of Instrument is that what kind of market is that? Correlation between crude and in the stock index is the ES. It's a commodity exactly Allen. All right so Commodity costs money, right? We you need it. It's energy And in this case, it's a it's a commodity that basically runs the economy. All right, so You know, basically the correlation here is If oil is You know pretty cheap You know that means it's stock indexes should do pretty well Okay, that you know if commodities are cheap like if they're gonna start to I mean What would you do if you're a company? Invest buy it, you know if you can use it get as much as you can And expand Right, so if what if what if what if crude is is really really expensive Well, you're gonna kind of pull back, right? And you're not gonna do that so You're not gonna You're not gonna expand Okay, maybe you put your money in a safe place Maybe maybe you want gain some interest on it put it into a treasury notes or something like this Okay, can you kind of see and shift? You know and see what's going on in here with these correlations Okay, and it's a really good answer. Well, it's a great question in here and Answering these questions about correlated markets is really a key Because this is about value One thing compared to another Okay, let know the correlation that's even better would be the dollar index or maybe the euro dollar Compared to crude oil All right, so and and also the stock indexes. Okay, that's gonna be a really good one. Why? Why do you guys think on shul? What do you what do you think Alan? You're you're on it here? We just keep it really simple in here Alan, what are you saying in here if you don't close out your contract contract you? Yeah, you'll have that oil delivered. Yeah, exactly and don't put my address in there. That's right Foreign exchange. Well, yeah, I mean foreign exchange is well the interesting thing about the the currency futures And or or 4x is it is always comparing one thing to another it is always a Paris trade always Euro versus dollar dollar versus yen whatever it might be Okay, I mean we're really talking about the basics here and Yeah, Alan is right. Don't put my address in I'm not taking delivery of you know barrels of crude oil the Okay, so and I'm it's a roundabout way a roundabout way to get to your answer your question on so on shul but Here's here's the gist of it. Okay Stock indexes Okay, and dollar. All right, so let's let's we'll start with that one and If if people are buying stock In here like the dollar is basically like a safe haven Okay, they're gonna take their money out of dollars and put it into the stock market if And that and that's that's a risk on Environment okay, and these are very general guys just keep that in mind. Okay, these correlations change In in shift all the time Now if you are looking at a risk-off environment people are taking their money out of the stock market and putting it into cash Okay, you would do the same thing. You're probably doing the same thing Maybe if you're kind of actively hedging your 401k for example Okay You know, maybe you have a dollar index and you're gonna buy a little bit more of that pull it out of the Stock indexes. Maybe you put it into an ETF on bonds right Okay, just keep these things really simple in here because it you know, it's your you're understanding the correlations in here it's one thing versus another and And What has value and what doesn't have value? All right, so if people and you you'll see the correlations here You know and boy if you want to change if you want to trade them on very short term You you can make a killing here by understanding correlations of like here's the the stock market dropping Okay, but let's take a quick look over here. In fact here. Let me I'm just gonna pop this out the the euro dollar, okay Let's take a look at the euro dollar here And I'm gonna do this Okay, there we go. Okay, and then I'm gonna use this new feet. Well feature I don't use this feature very often here to synchronize charts All right right here, and we're gonna we're gonna be able to sync the charts here. All right, so now this is again Very we've had this functionality forever in book map using these Synchronized chart tool Okay, so look stock index is going down Okay, so now if the stocks are going down this dollar should have some strength. Does it have strength right now? No euro dollars up a little bit Right Okay. Well, what's leading here? We don't really know I would think though that you're gonna see this this euro dollar drop Here pretty pretty hard right now. That's an opportunity right here Right here Okay at 07 79 There you go understand Okay stock indexes are dropping right the dollar index has not dropped yet Or I'm sorry. It's not the dollar index. It's the euro dollar Okay, but the dollar index is like 60% euro. All right, so there is I mean they're pretty it's a nice correlation in here All right, so there you go now Anshul, let's get back to your question Okay, so now What do you think crude oil is doing right now? Okay, it's a commodity Right. Do you think people are buying crude oil right now? They actually might be right now that like after this drop No, they wouldn't be drop buying it. They'd be selling it. Okay Alan, yeah, you're spot-on with the the ZN the ZB, you know the notes the bonds, etc and Look look at this look at this huge drop guys. I mean it it it sickens me to sickens is a little harsh it I Hate missing these moves in here. We're here for the live analysis And to look for opportunities in the order flow We're just doing it a little bit backwards in here We're doing it through correlations right now and we just went through an example of you know this this Trading the euro dollar here compared to the stocks All right, so but let's look at let's take a look at crude now, too. All right, so I have it up No, maybe I don't do I have it? Yes. Yes, I do. Okay. Hold on Okay, and let's put it over here And look at the yes, okay All right, so and now let's correlate these charts synchronize these charts okay, so So Yeah, okay, so a little more volatile in here, right people are kind of like maybe crude is kind of leading here Or it's it's just more volatile Okay, so now look stock indexes are selling off again Crude oil hasn't sold off yet. It then it should look for maybe crude to come down to this kind of 08 Or 7 liquidity down here Hey, let's see if it does So look, I don't know and it's not a trade recommendation You got to understand your correlations though. Who's leading who's who's following that like I said They kind of shift and change maybe the focus will be on crude Maybe it will be on the stock indexes right now. It's certainly on the dollar and the bonds it interest rates Okay, so let's see if we get the break here stock indexes went lower. This hasn't broken yet Okay, looking for it to break All right to kind of catch up in terms of value here. We're talking about value again All right comparing one thing versus another in terms of value And now now be careful here. Look at this 41 50 the figure down here Exchange happen between buyers and sellers at the figure Okay, it's going a little bit lower though and crude still hasn't caught up yet looking for crude to come to and it should be a Quick move down into this kind of 06 area right here Okay Now are they accumulating crude here no not really I don't it hasn't dropped yet Okay, this is where we got to be really careful with your correlations though because this here's why let me you know It's starting to bounce right now. Here's why though. Okay Is because like we have to be very careful because we were down at this important figure in the stock indexes The exchange is happening between buyers and sellers here. This high liquidity is filled We see that we see the transactions here already. All right. It went lower crude didn't go lower yet All right. Now if they start buying the stock indexes here, we're gonna see a bounce in crude now And now watch crude come right back up into here Hey up into maybe 79 32 look see how they're buying the stock indexes. All right. This is actually been holding here So it's a bit stronger. I would look for crude to come up here now Okay to 30 32 or so Okay, so again, they you have to be you have to be kind of careful in here. We're reading a few different things into The stock indexes and the supply and demand in here and then understanding the value here in crude All right, so it's you know, boy, it would be great if this was just a You know, oh if crude does that then the stock indexes do this I mean in and just trade that all day long, but no one that's never gonna happen, you know It's never gonna be that easy ever Well, not ever every now and then it will be but you know the Because you otherwise we just it'd be a machine and everyone would make money on this and it's just it doesn't quite work that way And you know, but understanding these in general It almost always works almost always In in kind of the bigger picture because it's just the value between these these these instruments here. All right It's just still chopping around in here Let's just watch this here Okay, stock index is going lower lower low here crude has not Okay crude has been kind of strong This is tricky though. It really is because of the figure here Right now stock indexes are dropping. Okay We should see the drop now in crude. Okay earlier like if they were gonna start buying stock indexes We're looking for 32, you know stock indexes are dropping pretty hard now We see some some supply in here in crude. Right now do buyers take them on nope Nope. All right, let's see do if now I would look for an order flow event in here at 7917 if I see sellers in here, I'm looking for it to drop Maybe this kind of 04 area. We're looking at earlier or 06 area. We're looking at earlier Okay, maybe the figure maybe 79 even down here Maybe this this liquidity down here. Okay, so there's your correlation. That's what we're looking for They stock indexes still dropping crude has has not kept up yet looking for it. There you go Okay, still looking for crude to drop. I Don't know why they're buying it Unchill does this answer your question? Come on. Unchill. Don't be shy You got some part of it too. Okay. Look, this is not a trading room. It's not a trade recommendation. It really isn't It's but if you understand it, there you go, you'll practice this exactly beautifully said look at this follow it and and Develop an edge out of it Practices to you know, you have an edge somehow Okay, it might be 51% It's still an edge All right, I think it's still going lower. I think it's gonna come down to this liquidity here at 79 78 90 Okay, it's again. I guys we're not calling trades in here. It's not a trade recommendation But you can understand how powerful this is in here All right by starting to understand these correlated markets and order flow together Okay, another another thing to kind of a Glean from this here is a few different things you could either look for maybe quick moves here in crude oil it might just all of a sudden just you know a Dump down here and very very quickly into 78 90 Well, then you would have been prepared for it then right if you were looking for that and you would have caught that move The other thing to glean from this though is and this is where the correlations can be tricky. It's not, you know 100% here but At not even close. All right, but You know, you have to kind of see and look and and wait for something that really stands out All right, so for example What can know what else can we glean from this? All right? Well, how how much is crude moving compared to? Stock indexes well I'm seeing actually a bit more strength here in crude than I am in the stock indexes stock indexes are selling off hard right now Really hard. There's our move guys into 78 90. All right In that liquidity, okay, now that's a high volume node here, too. All right Let's take a look. What about stock indexes? Okay? Well, do we get a bump out of here? It kind of went through a low volume node. How about it? Will it move back into this high volume node up here? Okay, well crude might be prepared to if it's gonna bounce off of this as a high volume node and come back up to 79 here and retest 79 okay Anyway, my Previous point. I wanted to get across here is like stock in stock indexes are weaker than crude This is what it looks like. We see this drop on stock indexes or S&P We're not seeing the crude drop as as much or it was kind of going sideways Okay, so if you start to see buyers come in stock indexes You know, you'd be looking also for crude to be ramping up to the upside as well All right, so anyway guys This leads into nicely. I'm gonna stop with the correlations at the moment here I'm gonna close them out and it'll put it when I close them out like that What that does is now look for look for crude to start to bounce here Right because look at the buying starting to come in a bit here on S&P Okay, now you're gonna probably probably crude is back already. God. I got to look at it. Sorry Not almost to 79 almost back to 79 Okay, but still looking for it All right, so The This segues nicely into another thing. I wanted to cover today. Okay, all sorts of things were coming in today I'm sure explain stops and icebergs. I'm I'm gonna maybe get to that Maybe maybe maybe next time on shul Let me go over. I want to go over market pulse right now. All right and The market pulse tool here now Humphrey this is a new add-on it is pretty incredible add-on and I It is actually quite cheap right now as well, but I'm not trying to sell you an atom I'm trying to give you an edge in the markets here. That's what I want to cover Okay, you can go with the heat map and your volume dots in here If you want to look at some other things in here like stops and icebergs or this market pulse tool great Whatever works for you. All right, so let's go over the this new Tool in here. We were we've been showcasing it several times Here's what I want to cover though This one here for the ES is called volume pressure. This is what we we showed last week or the last few weeks We're gonna start it up here and it and it pops up on my screen right here. All right now. Let's There's another one up here I have for the ES as well right here. It's a new algo in here when you click on this right here You can see there's multiple algos in here This is fantastic Right. It's not just volume pressure. We're looking at in the ES. We're gonna look at price change now, too it's another algo and Let's open that one up. We'll hit play. Okay, it opens this one All right, so and let's close this now and we can we can always right click on here and go right back to settings for that specific algo right, so it's loading here right now and Let's go over this algo here. In fact, I'm gonna I'm gonna close the Volume pressure for a moment. Okay, just just want to show that This volume pressure algo in here can work Maybe we'll add it back in it can work very well with price change. Okay, but let's just go over price change right now Okay, and let's go to the settings. All right, and what is it showing here? All right, so very very simply This is there's a threshold here of 70 The volume is very low here. So you guys don't hear it pinging all the time and We have a train of a training period in here It's set at five minutes. What does this mean? It is it's very simple it means that in five-minute period of Sliding data. Okay, it's always a constant five-minute period as As time moves forward the arrow of time moves forward That five-minute period always stays the same though. It is always with the current market The moment and then the past five minutes. That's what it means Okay, so now we're gonna look for how much did price change within those five minutes Okay, see you see how it's starting to become green here a little bit And and that's that's all it's doing here. Okay, so let's take a look at this. Okay Probably a real nice move and crude right now I imagine But This let's take a quick peek Yeah, there it goes crude. Okay, so crude finally came. Well, it almost came up to 79 now it is and Yeah, see if we can get above this little level here in 79 on some volume as well and probably come back up to here This liquidity up here All right, again, it's not a trade recommendation We're just talking about you know where price might go based on the information. We're getting here All right, so let's go back to the ES All right, and then let's look at The price change in here. Okay So how much does price move now now? You know, I'm still playing around with this tool as well. All right the price change This is this is not available right now. It will be later though. Okay this week We're gonna release it and you'll be able to play around with it. All right, so look look at this You know we were getting some pretty big movement on the price change I don't see it going across that 70 percent though right now that value Okay, but look at this here. We're down here. We're getting this price change here on the sell side Maybe if we see some exhaustion in here We have high liquidity here at 41 20. There it goes and through it now We're you can probably hear it pinging in YouTube Right. It's pinging Right, so there we go price changes is Extreme here. Okay, so now I'm looking for maybe exhaustion and Then for a move right back to maybe this liquidity up here at 41 18 Okay, because this is kind of like an ATR almost and Or this is one way to look at it at least there's a move for 41 18 right there Okay, it's already done it. I'd be out Or you can still maybe maybe you can hold for 41 20 But the way I'm looking at this this tool in here is I'm looking for an extreme reading Then I'm looking for exhaustion and I'm looking for a pullback in here Okay, so good stuff, right now there's another way of reading this as well And it was actually displaying that when we first started looking at it is you look for the price change here You're looking for momentum Okay to the downside and if you don't if you see price change still going and you see These big red dots in here look for the I would look for the continuation. Okay What is it telling me? It's telling me that the price is changing rapidly and it and there's there's Momentum and volume behind it. Okay now if it's trading into some of these areas of high liquidity though I'm gonna be very careful about that I don't want to see I want to see them pull if they pull that liquidity here And I'm getting an extreme price change reading And they're pulling liquidity in here and there's like heavy selling in here great I'm looking for this to continue Okay, now when we get down into this area here And I don't see any selling in here and I see price change start to pull back I'm looking for a pullback in here back up into more supply up here At 4180 alright So there's a there's two different ways there to use this price change. I'll go Okay, and again, it can be it was almost kind of like using atr That you're looking for it to extreme reading In the average true range And then you're looking for a pullback from that average true range. It's it's not really the same thing But the concept is similar Does that make sense? There's lots of stuff here today. Look at this. Look at how volatile these markets are Look at that sell-off Okay into all that liquidity and not only did 4118. That's just the the beginning of it It went to 20 and then it's it's way back up here. Okay now look look again here. Let's look at price change Hey, this is really starting to You know show some significant change here now again five in five minutes. It's moved a lot That's what we're reading in here. That's what it's showing All right. Now let's line align that with order flow in here Okay, starting to trade up in here. I wouldn't I look for it to to kind of trade up into this 30 area Uh, and so this would be actually you're looking for it to actually hit 30 So this is more of a momentum trade still understood Okay, that this is still showing uh, it hasn't we haven't gotten a reading out of it yet It's not extreme. It's it's heading toward extreme though Okay, so you could you could use it as a momentum tool as well Let me get to more questions in here If stocks if stocks fall people have less money to drive around and take trips Yeah, I mean they're basically like pulling back Pulling money out of the economy. That's true I mean if stocks fall what what what what allen if stocks fall, what do what do you know? In general over time when stocks fall, what do companies usually do? I'm sure I'm holding you guys accountable Let's let's hear it. What would what would what do you think and I'm not looking? I mean look you can I don't want to uh Get into uh, I put you guys on the spot. Um And say there's a right or wrong here, but like I'm just trying to get the discussion going. That's all I'm trying to do Uh, so, um They begin to commit fraud Nice mark, um Yeah, no, they um, yeah, that's true too. Uh, aloha gold. They buy the shares back. Okay in a in a especially in a If kind of a it's a bullish market, uh in general Yeah, they'll they'll buy back their shares as much as they can um But uh, usually uh, they'll if if if a company's not doing well Uh, they're going to start laying people off Okay, so if they start laying people off like are people going to start are they going to be buying, you know Like uh allen was saying are are people going to are they going to be taking trips? No So is there going to be demand for crude oil? No Okay, so um, uh, these are really simple correlations to understand. It's just these are how markets work Okay, it's not some math puzzle in here. Like, you know, the the the cpi or I mean the, uh, Uh, the cvd cross this and you have a negative that and like no We're talking about value between different instruments here. Uh, this makes up the market Yeah, allen's a good one. Like, you know, people are gonna like netflix is netflix going to drop Probably not I mean it will it will but like i'm sorry It will drop some but will it drop compared to I don't know something like amazon or Uh, you know, some of the oil stocks. No, it won't Why? Because people are going to hold on to it. It's like well, you know 10 bucks a month I can do that and i'm going to be at home doing nothing because maybe i'm not working I can I can watch movies You know, I don't know if that logic makes sense, but like You know, uh, that's something to take a look at as a study Yeah, i'm not a net netflix fan either, uh, floyd. I I don't get it to be honest I don't understand why their their content is so valuable, but Uh, I don't I just don't think their shows are that good So, uh, that's all. Um, anyway, I don't want to start a debate on that one that opens a can of worms. Um Okay, unshould never got back to me Well unshould, you know, if you want me to cover some of these things like, you know, i'm looking for feedback from you as well And that's how it works All right, so here we go extreme reading on uh on the uh Price change again here. All right momentum picking up though, right momentum. This is a momentum trade still Okay, do we get exhaustion yet? So that was just a pullback and we still have momentum here Okay, look at this look at this guys. Look at that. Where do you think it's going? Where do you think it's going? Here okay, and and uh, so what do you guys see here in terms of pattern and what do you see in terms of supply and demand right here? Right in here. Here's there's your move Okay, see how we had to look at that very very quickly though Yeah, uh, uh, allen is going up. No, here's why Look, we had our momentum move in here down into this liquidity here Right. We had a bit of a pullback. It's still momentum move Okay, we got down here and we saw buyers though We saw buyers here. Look at this see this little green line here That's the best bid and nothing traded here. It totally exhausted out and we have some buyers in here already We get more buyers. We're looking for it to come up to 41 20 Okay, take some off It's just it's not a trading plan here, but this is something to consider It's not it's not a trade recommendation either But this is a pattern in here. It's a double bottom pattern and we have order flow within that double bottom pattern And we have this uh price change tool here giving us some insight Now look at this move. It did this double bottom pattern hold Yeah, it did In fact, look where it retraced to guys to where that demand was Previously here or these these transactions here went right to it Okay, and we we see some selling here, but not a lot and look at the buyers comment on the other side Okay, now Where do you think crude is guys? 79 50 who wants to take a bet on 79 50 Or is it at 70? Maybe maybe it dropped into something lower and now it's back at 79 Maybe that's where it is I haven't looked at it yet You guys tell me Yeah, guys over in discord are all all over it here. Um with your with your answers you guys are spot on Yep Brother chroma chromatide perfect beautiful beautiful move And and yet even we got even more look at this one. Uh Brother chromatide look at this. Here's your sell-off is just probably a stop run as well You have high liquidity here. Here's our pullback. We know that it was already Pinging here on price movement and we're getting the opposite now. So here's a kind of an atr right and price change Something to consider at least Uh, so we got a lot of things in here So we had the the momentum move the pullback Looking for momentum move again. Nope. We didn't get it. We got buyers We we can see the exchange in here between buyers and sellers here after a big stop run. I'm pretty sure Um, we got buyers in here. We're looking for 41 20 We got it. We got a pullback here And we're not seeing many sellers. We have buyers here. Let me go through this Okay, now this is hindsight, of course, but we do it in real time all the time All right. So here is our double bottom pattern and change in order flow Okay, we had the uh first off we had the high liquidity here Okay, we see the sellers in here. We saw the momentum move and the price change at the same time We got the pullback. Okay, and then we came back down here and we had buyers All right, is this buying in here? There's our order flow event Okay in the in the price action The order flow is telling us that there's no sellers down here Not many we look for buyers to come in and trade back up into meat supply We got a pullback here Back to this area here at where these buyers came in And We didn't we don't we see some selling here. Okay, so this is a little tricky We see some selling in here, but now we're making As soon as we see some of these buyers come in over here on this side Where you can even look in here, right Once we start to see that in here We're looking for at least a move back up to the to the high or this liquidity up here Or this liquidity up here All right supply and then this is our demand or the green dots here Okay pushing that market higher. Okay, so The Order flow event is again is this we had a double bottom pattern in here But we also have the pull this this kind of pullback in here And there's just not much selling so it's almost like a triple bottom or it's making Price structure or price action Shift in here too. Look at this above the swing. So a higher high here Okay We get a pullback and and we have not only a higher higher the order flow is That we have a traders up here buyers Look at the pullback in here. Do we see a lot of sellers like this kind of selling like with the buyers here? No, we don't Okay, so Again, this adds to the the the trade here. We look for at least a retest back up into these areas here Okay, and for that move and look at the move continued here This is really good stuff Okay, look at this thing pinging now now is still in momentum mode right now. We're looking for exhaustion Let's let's catch up to to price action right now Okay Still in momentum mode guys until we see something different see Okay, now we're looking for price change Into high liquidity And the exchange between buyers and sellers and exhaustion. There's some exhaustion All right, let's see if we get a move right back down to this liquidity here It's still pinging Looking for exhaustion looking for the indicator to exhaust as well Okay, it's not it's not it's still changing here. We're looking for this to stop pinging Here this is starting to look better because we have even more liquidity up here This thing is still pinging though. There we go now. It's now it's starting to Ah, it's pretty close. It's right on the on the verge of pinging All right, so it kind of keeps us away from it Now we're looking for exhaustion on the buy side here sellers to come in And then move this back down into these lower levels here Okay, we didn't really get exhaustion here. So I don't like it This is not aligned with all the things we're looking for Okay, if we had no buyers up here, it would be better Yeah, it's still pinging now I know in discord. You can't hear it. Um, which is kind of a pity But the obs software we're using that you can hear it over in In youtube, which is great Bill the difference between book map and platform and thinkorswim platform The it's it's a lot of these add-ons in here Like you just can't get them over there. There's you know, I'll basically the um What we were talking about earlier And humphrey the good morning jack The I I still need to reach out to you jack. I'm sorry. I didn't have a chance yesterday. I will though today And yeah, please send me your email as well All right, so The uh Oh god was oh, yeah, we're talking about thinkorswim. All right. So humphrey. Um, you can use that version If you like as well right, so Just note that this is where you're not going to get rhythmic data And you don't get rhythmic data in here You won't be able to expand into market buy order data or you you might I think they offer full depth. Yeah The thinkorswim will offer full depth though Which is really important Okay, so that would be the cheapest route to go of all So you can do that Okay, now if you want uh to experiment and and See if some of these other things give you value like some of the add-ons that we create in here We're always developing Then you will need to go with the book map uh desktop version Okay, that's the big difference between The thinkorswim and the uh desktop version here a book map There's a lot of functionality that's still not on on par even in the in the core version Uh with thinkorswim All right, so those are the big differences so I hope that answers your question uh bill Uh, and uh, let's see Uli Okay. Yeah, you want to look at higher timeframes. Yeah Okay, well, I I have as much data in here from 4 a.m. Today All right, but let's take a let's let's just answer the question by looking at what we see in here right now in book map Uh, and then what we see in the higher time frame. So we're going to look at a higher time frame here Okay, we'll look at the candlesticks. Well, this will will be kind of a proxy All right, because I don't have a whole lot of data in here uh in uh in book map Okay, you can get more data in here, but I'll tell you that Um, it gets quite heavy and it's it's really not uh designed Right now at least for looking at weeks of data in there So we can look at a higher time frame candlestick chart here. We have a daily on the left An hourly in the center and a 15 minute on the right Okay, well, what's a higher time frame in here telling us? Well, let's look at the daily Well, I see a lot of selling up in here Okay, I see wicks Okay, now it's actually still quite bullish here to be honest Uh, not quite bullish. It's a pullback And we may see it fail here Uh, and then it's got to break this range though And what I mean by a range in here looking at the higher time frame um is Hold on Is see this big range here? Okay, it's still just bouncing around in there Okay, where are the sellers? Look at the wicks. Where are the buyers? Look at the wicks Where is price? It's right in the middle Okay, so we don't have too much clarity on the uh on the on the daily we're You know just looking at the It right in the middle here, right? We know there's buyers and sellers on each side and prices really smack dab in the middle there What about the hourly? Well, this looks pretty good here. We can go through the same analysis. Look at this Okay consolidation. Look at the breakout Look at the pullback Okay, so this is a bullish pullback even Okay, we'd look for a pullback to where it broke from here Hey, it didn't it it actually pulled back, uh a bit higher here and and then we found buyers Hey, we see wicks. We see buyers Where are the sellers? They're up here Okay, so where's price right now is coming back up and retesting this area here Now, this is not a bad area to retest Okay, we might have an opportunity here Why because this is where it the sellers broke down below these buyers in here So there's kind of a range in here, right? And we're retesting that right now Hey, so we'd look for maybe sellers in here Maybe they can come in and come back down and test like uh down here or down here Okay, that's one scenario to look at Let's look at the 15 minute chart now. This is again. This is cpi data in here and look at how volatile this is But we're still going through the process. We're finding buyers. We're finding sellers Okay, now if we see exhaustion up here, maybe it's back to point of control Maybe this was a mean reversion trade back down in here right back into the point of control Okay, within this whole range in here Maybe this is the high the high volume node the most traded level up here Now did price come up here and do we see a lot of buyers or does it exhaust? Okay, let's look at book map Okay, now if you see something up here Uh, uli, well and and you see a nice event in here. Maybe you want to take a swing trade and you're looking for lower lows Understood Okay, and where might you take some profit? Well, you can take it some down here for the day or maybe you want to hold for a swing trade down into here Okay, that would be 4100 the figures right here. You can see it says 4100 Okay, and that's where it broke out from It can't be can't be much clearer than that. Look at the breakout from 4100 So look for a retest if you see selling pressure come in All right now you're gonna have to kind of Look for another event down here It's up to you. I mean you can hold it for your swing trade. You have to you know, have your own kind of trading understanding or your own Trading strategy For your swing trades Okay, are you do you not want to take some off here and just move your stop to break even at that point? Okay, great Do you want to take some off here? I would on my swing trade. I'll tell you that But then maybe you want to hold for maybe it comes back down into here these lows Okay, and maybe it takes several days Maybe it takes a day We don't know All right, but anyway, uh, that's uh a few ways of looking at it here Another another way Here, let's just get rid of all that Um, and you you are looking for this retest back here in failure and then sellers to come in Maybe you maybe your swing trades just down here to take some off Okay, so that would be around 40 Uh 75. Well, let's look at here 40 75 is this this swing on the hourly down here. Okay, that's 140 point move All right In the s and p Okay, well, what if what if maybe you were looking for on the daily maybe it come down into into here What is that price range? Let's let's see here Oh, it's still 47 40 60. All right So that's a way to look at it. Um one way to look at it uli uh on higher time frames now. Let's look at book map I mean we're looking at the volatility in here But what if that is the case then we're looking for exhaustion up here Uh, and is this a high volume note actually a high volume note for today is down here This was not kind of Reversion trade. Look at this profile though. It's not telling us much There's volume all over the place Hey, look at the price action. It's all over the place too Okay, really big swings here All right, so your mean reversion trade would actually be exhaustion up here and then and a move back down to 41 20 41 25 all right so Uli, I hope that answers some questions for you And let's get back to youtube looks like Uh, we've got some help here from yolkham, uh, and uh Which book map add on you guys find most helpful in trading stops in icebergs. Excellent Um Where did I leave off on the questions? Like a rubber band at yep Yep, peter there you go Yeah, this is a great way to use this tool. I I feel Uh, that's what I've been finding at least playing around with it so far. Uh, this price change, uh Not bad, huh? I mean, uh, in fact like, um, you know, maybe uh, look at at as well Uh, and then look for this kind of price change to kind of maybe match with it but Basically, you know, you're looking for those extended moves And uh, you can you can read the price change if it's momentum here and when it starts to exhaust Maybe in order flow. This is your rubber band kind of reversion trade Okay, Uli, let's see if we get our sellers down here at at 41 20 30 And then, uh, let's see if we can get the break back down to 25 and then continuation down to the lows And I want to hop back over. I know I'm all over the place here today guys. It's just too much coffee. Um, but Uh, let's take a look at our crude Okay Where did crude come to it's it came back a snap back to To our 79 level again. Okay, 79 50. Nope. Didn't come close to it Okay, that was earlier In the session And we were looking for that sell-off and crude Yeah, we got it Yep, spot gamma stuff could work well with this as well. Peter. Yep Uh, if you guys, um Uh, the with about the spot gamma stuff, um Come to the webinar with uh, dug uh, dug plus today at uh, 1 30 p.m. East coast time Uh and come to it's it's here in discord as well as over in YouTube Okay, he's going to go through spot gamma stuff and options and he has an excellent strategy Yeah, stan. There's always a seller for buyer here in the in um in the markets. Absolutely That's why we want to understand the momentum in here. Uh, I think this is going to be This will start answering your questions. Um So it's it's really about are there more buyers than sellers though? I I'm sorry Let's look at it. It's this kind of like aggressive buying in here right That what's happening in here like in a strong move like this here Is your in right now as well? Okay, so I look forward to trade back up to meet these sell these sellers up here That's what you'd be looking for Okay, because that's where the most of the sellers are So what this is this is um exactly why stan we have our book map education Uh and understand these markets. So let me let me uh, uh show you where that is on our youtube channel Okay here Go to youtube scroll down here. We have an educational course down here bonus materials book map educational course Click on the full playlist here And you'll see four videos in here part one of the educational course. Let's watch a bit of a skew Okay, and it's this information here that you want to understand. This is how the markets work. This is the market mechanics Okay, that makes the market move. Yes. There's buyer. There's a buyer for every seller Okay, but let's just put it this way here. There's there's a couple things to look at in this image here um Right right here. We see this is the current price here. There's 15 contracts. This is your order book over here Basically, okay, this is your best offer best bid and these are these are Transactions on the best bid and offer And go through this and understand that if there are more sellers in here And they trade into all of these buyers in here at 15 Okay, so my question stan is is What happens then or anybody? What happens if 16? Uh market sell orders come in here. What what happens here to current price? Price goes down a tick exactly brother comatite. Do you you know you know your stuff? Um And uh, yeah, it's it's It takes all of this liquidity here And it finds the next buyer down here That's it. That's that's what makes the market move Now there's something more in this image here Uh, that that is is being explained here Um, and maybe I have to I don't know if this is going to work or not You're gonna have to go you're gonna have to go through. Okay. Let's go through the example. Yeah, you're gonna have to you're gonna have to go through it. Um Uh Yeah, I'll put this I'll put this um into the chat actually from this point on I think this will be helpful for you. All right, so I'm gonna put this into youtube and into discord All right, uh And uh and watch watch this you might have to go back a little bit but watch this Okay, not only it's not only about the aggressors Okay, the book is skewed here all of a sudden there is like you will I think the example here shows that You know, there's a lot more um supply here, uh On the offer and due to that supply in here the market starts to sell off Technically this cannot move the market Okay, but this is like a spoof in essence But it's just showing more supply and and if there's not enough demand And we get sellers coming in here. They're gonna trade through and we're gonna trade lower All right, technically like I said, this cannot move the market, but it surely can affect the market Uh, and that's what uh We want to get insight from All right, so I hope that answers your question Uh, and uh, yeah watch I would um suggest watching that That video, okay that uh Uh market mechanics course there at least part one Okay, that should answer the question very well for you Once you have an understanding of how how markets work like this Um, it frees you up to understand any trading style really Let's just throw The candlesticks on top here. Hey, let's look at candlestick patterns here. Perfect. I think this is a one minute candlestick chart Okay, so here look at this. Do we see sellers below? Yep. I'm seeing them, right? This is a blow-off top then okay looking for sellers to try to trade back down But only to about here Okay, because this is where we actually Let's see. We're actually getting a pull back here. Um Yeah, this is where you be really careful with your candlestick patterns. Okay This is where you're looking for sellers, but look they traded into uh my bad guys They traded into this demand in here Right, we want to see them pull and we want to see more sellers come in Okay, so this is a false breakdown here in your candlestick. This is where book map can help you Because because you see the demand come in here Uh in the order book. Okay now we traded back up here again and and it we're not finding it Now are they are they here in the book now? No Okay, all right, so we're getting a bit of a bump I'm looking for a retest back down here at 33 and a half And I'm looking for sellers to hit it back down into 32 or 31 Okay, so Here's our wick up here. Okay is a wick on both sides here Right, and then now now we have a kind of wick on both sides here as well Okay, but what we're looking for in this scenario is not buyers up here We're looking for sellers here and then the move lower Okay, and this you wouldn't be in it right now. You wouldn't you wouldn't be in sell side here But that would be the scenario now There's some exhaustion Looking for our sellers and look for the seller should trade it just down to here at 34 Okay, well it made it down to 34 and a quarter Okay, there are more sellers here. Come on sellers should be able to hit into that and we should get the move down to 32 maybe here Let's see Okay, now there there there take some profit Why this is a range. This is the bottom of the range. You just traded it from up in here on down to here Okay, is a range bound trade in your candlesticks get out Or take some profit stop at break even get stopped out at break even you gave it a shot to run Okay, does that make sense too? I mean we're going over all sorts of things in here today A lot of different trading styles correlations ATR extended ranges a volume profile looking at Momentum As well candlestick patterns Got another poll in here. Okay, which platform do you guys use on higher timeframes? Or let's see not higher timeframes Alongside book map. Yeah PSC Tom Tom B is using his higher time frame Software he's using irt Hey, and then he's looking at book map because he's a profile trader and irt is excellent for that Yeah Tom B is just he's awesome And then noa dug really presents a master class and options. Absolutely Absolutely guys the quality of traders that we have in here are amazing Tom B starts in five minutes Jump over there Okay, stan. Yep. Yep. Glad I answered your question. Happy to help out here Um Options transactions. No, uh dale like yeah, we've been kind of playing around with that a little bit I actually have seen other users input options into into book map It was kind of hard to read because you're talking like Only one strike price and you know the option volume is pretty thin So I would just recommend going with the the underline and look at the order flow Uh, and then looking at your your options option chains Yeah, stan. I'm not like um, you should add investor rt and finger swim. Um, I'm not much of a Profile trader. I like profile. Um, but um, um I I would I really like in in uh in book map is the Showing the vertical in here because the profiles Like you know, I just think that this is all mashed together here and it's just showing an aggregate view No different than showing an aggregate view in a candle the candle showing it vertically the profile is showing it horizontally I want to see the relationship between buyers coming in like this And sellers coming in right back down into these areas here. Look at this Here's your sell-off. Okay. Now, but this is pretty strong move here Okay, and we're still in momentum here. Look at this thing ping. So we're looking for maybe 41 20 Okay, now now it's starting to exhaust out a little bit All right. Well, there we go. Let's look for a pull back to about here Okay, maybe 28 or maybe 30 Okay, now we're looking for exhaustion here. We're not getting it. We're not getting it So it's still it's still got some momentum to it Okay, that was for the poll. All right Got you Stan Jtt definitely comes the options channel. Yeah, it's really good stuff and then listen, you know Tom Tom B and we got a premiere Volume profile trader It starts in like, you know, two minutes three minutes. Okay, so I've got to end this webinar In fact guys, if you like this this video, please hit the like button This is really what helps us continue on with this kind of education We're answering your questions about order flow and how to integrate it within multiple ways of trading here and You know, once you start to understand the order flow and how these markets work the market mechanics in here That's where you're going to really start to understand things like What's the volume behind this candle right in here? Okay, what about this wick? Where's the volume? Well, there's still it's still Transacted down here. I don't like that. Right now if we get sellers here look for them to come right down to 20 Okay, now what if we get though exhaustion here? What if we don't see sellers here? Okay, what if we see a bunch of a buying like Maybe a little bit higher here Okay, well then that's our double bottom pattern here Okay, well we saw sellers here instead, you know, we never really saw much buying So there's our move Okay, I know that's that's a bit of hindsight in there, but you guys get the idea and now looking for again exhaustion in here on with Looking for let's go through it here and then we'll got to end the webinar We got demand here Getting filled on the bid on the bid again We've got the price change still showing here What we're looking for buyers now and we're looking for this to start to stop pinging And maybe start to change a bit and then we'll be looking for a pullback right to here maybe 22 And maybe higher maybe up here 25 All right guys. Yeah hit the like button. I gotta go. Thanks for coming everybody. Tom B is next Go and enjoy and then options with Doug right after that And then the algo boys are right after that. Okay. They're over in discord at the In the algo boys room there. Thanks for coming everybody. We'll catch up tomorrow with Jay trader