 Good morning traders and welcome to the live webinar real-time analysis. So we do this every Monday Tuesday and Friday Then leaders and welcome to the live webinar real-time analysis tomorrow We will have J trader stocks trader at this time and then future trader with Scott Polsini on Thursday So what there is a lot of other stuff? That's going on in book map and let me just show you that quickly here We have a new section here called the learning center if you click on the more button up here And go to the learning center. You can also get it through just click on education here It'll take you down the page to this area here, and then you can click on learning center here And that'll take you to the same page here. All right, so What we have in here is the Well, all sorts of tools in here We also have these links up here at knowledge base symbols table glossary Community page in here support as well. You can search for videos in here We have get connected videos. 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Boy, I don't have a lot of data in here a lot of icebergs just coming in now. Obviously some stop runs on the way down here Let's see. Well, there's some liquidity in here around 75 We're actually looking at that yesterday and then That 75 level 70 down a little bit further Boy the figure, you know 4150 down here. There's nothing there right now showing But guys if you want to you don't always have to zoom vertically in here I just want to show this Like, you know, you can left-click hold and drag here on the on the chart on the price ladder And that'll zoom you vertically here You can also just grab it and and go back like this and take a look at some of these areas down here There's there might be some weird situation when you're in a trade and your orders are way down here And you're trying to manage them Just a note here a quick one hold down the control key over the price ladder And you will still be in the live market mode and you can scroll down here and look at these areas and manage your trades this way Okay, you will have to come back in here Right click on this and you can see that it put me into recenter none So we want to go to recenter best bid and offer auto trades. Okay, and go back here. Let's see ph3 Has a question here seems that much of the liquidity of 41 95 42 hundred is pressing am I reading that right? Yeah, let's take a quick look and zoom out zoom vertically Yeah, I saw the move up to it earlier. Let's just zoom back in here and take a look It went up to this 98 area And that was it You know, this this was actually this was a friend of mine was in this trade I Down in this area here is this is what he one of the things he kind of looks for But we see the the move back up into I mean, this is a beautiful little setup to be honest Maybe we can go through that those details if you like But you see the move back up into into 98. Yeah, this is where the high liquidity is no question about it They're still here as well 477 contracts at the figure and then at 199 313 at 98 we 251 95 has a Lot as well, right? So yeah, you can see that they're still up here So yeah, you are reading that correctly All right, so are they pressing now? Well, they're pretty far away This is pressing here at 95 That's a nice one And you can see the reaction. This is the context that we really want to understand read though Okay, look at this. So markets trending down. Here's the swing. It pops up above the swing Now this is the cash open here at 90 at 930 here East Coast We see the move back up breaches that for a very brief moment on some pretty strong volume and then it Cascades lower still looks pretty good in here. There's a lot of buying in here still There's reasons for that due to the Breach of yesterday's range, but this is where the sellers come in and pound it Okay, I mean, it's obvious in hindsight everything's obvious in hindsight But we'll read the hard right edge in just a minute But what we see is you know, even a potential, you know Maybe a bounce or rejection out of this area Here's where we see though the buyers that come in here are not able to lift it higher This is market structure. We should do probably a series on market structure just how important it is and then and then look at You know that on on all time frames But even more buying in here They can't even make a high or high from this little tiny swing here All right, once we start to see the sellers come in look for them to start to take this market lower All right, so market structure plus the context in here gave some good insight to that Up up in this area All right here again market structure. All right, so let's take a look here. We're see how we're breaking this now Okay, so let's see if we can get to 82 now. There's the volume is pretty good here So, you know, I'm looking for these buyers to take it up to 82 maybe Three up here. All right. So again And this is a really simple straightforward read right off the bat now what I'm worried about though is this failing Okay, this is a breakout. Okay. I'm still looking for more buyers if we get them then 82 83 Okay, so And maybe get some hit some stops along the way. We haven't everyone's still in here Everyone's getting stopped out to the downside. They haven't gotten stopped out to the upside yet Okay, so that just I'm really kind of getting ahead of myself here But I'm just I just wanted to cover this little move in here. Okay. Look at this. This is the pressing part here PH3 See how they're bidding up in here. What we want to understand is that context once they start to bid up in here What's the reaction? Okay? Well, they bid up and we see some buyers here Okay, and then sellers seem to like it so they go after it here now What do these guys do in here on the bid they pulled their liquidity? Okay, so they don't want to be buyers. So let's see if it can get down to 79 And then let's just try to be objective here. Where's 79? Okay, 79 is not bad Maybe even 77 but 79 has a swing there. Okay. They didn't get to it and Yeah, still just kind of going back and forth in here All right. So now this is that potential false breakout here All right, let's see if we get more sellers back down to here Maybe they can get back down to 77 and a half here All right So there's our context right we read this as a potential breakout and did we get buyers up in here? No Did we see the sellers come in and take it back into the range? Yep Do we look for this kind of lower area at 77 and a half and also right here at 79? Yep And I would if I was in this trade You know my trading plan my personal trading plan would be to take some profits here All right. I hope that helped. I just went through that really quickly and Well, we'll we'll come back and revisit all of this kind of smaller structural stuff here in just a minute Right right now what I want to a good morning. Slow down What I want to go over first is the bigger picture, you know, I Really like what Charles went over yesterday in in his webinar. He was he's on once a week now at 9 a.m Here, let me show you again in our learning center It's not just these Essentials in here you scroll down our live streaming events are all here on the calendar Okay, so this is another important element here in the learning center. Okay, this is you know, the courses and the Content content here, but then we have the live market here. Okay, so and you can See that okay here all markets Bruce right after me Tom B right after that at 1 o'clock Crypto trader. I don't miss this guys Come to this John Slazas is creating crypto. He is not your typical crypto trader He has a lot of experience. He's been trading futures for decades And he just totally swallowed the crypto bug And and said this is the future and it wasn't Bitcoin that he was interested in it was Ethereum All right, so anyway, I would highly recommend it Talk about market structure. He's he's a Complete expert in understanding market structure. It is solid stuff. So go check it out Then what you want to look at around the market structural areas is you want to understand the order flow? Okay, and we'll get into that in just a minute in here but let's first Take a look at our bigger picture structure. Okay, I like I really like what Charles did Yesterday and the top-down approach I mean we do that too, but we usually jump in immediately because we always see something around this time of day That's working. All right, so it might be short term like this move down to 77 and a half and then get out Right, but same ideas in here that we'll talk about Here on the big in the bigger picture. So Let's see Monday yesterday the we see this this candle here and and Let's see. This better be right 79 78 Hold on. I just sometimes I don't trust these charts. Yeah, it looks right. Okay And let me zoom in here a little bit. All right So well first off before I zoom in it's these wicks up in here that we're interested in on This time frame, which is the daily chart Okay, hourly in the middle 15 on the on the right. All right, so we're just getting a bigger picture Understanding I would look for selling pressure to come in here up in these areas Profit-taking by the buyers All right, so that would be my assumption. This is where all of the selling initiated and moved to the downside Pretty strong move right back up And now it's testing these areas and we do see some wicks up here. Okay, so now let's zoom in a little bit here And then look at yesterday. So yesterday it was all over the place It's an inside day from the previous Session as you can see And that's when Charles said it is going to chop a lot and boy did it ever and But I want to cover what we were looking at yesterday as well and what followed through in the end because yesterday we left off Looking for a potential move up and right after the webinar ended that move up totally failed it was like a long trap and And then boy did it move lower and then it and then at end of the day though it ended up up up higher as you can see here, so And then overnight session we we and today you can see that we we We broke the high and but we're back in the range now all right, so The the break failed to fail to break out and continue so far Right. That's that's what we know so far so We did get this kind of outside day Yesterday, but in the overnight. I mean in this it's in this session here the new the new session Which is you know My time East Coast time it starts at 6 p.m. Markets open up and that's when the beginning of the new session so The move up right and then what happened just right now Well here we can see on the hourly chart here in the middle And this is what I really wanted to cover because yesterday We were God, where were we yesterday somewhere around? In here was it yeah Yeah, okay, so we saw this these moves in here, and it's like well, we're bullish and Until we see something different and then we kind of came up Retested some of these wicks. It was this area here on the 15 minute Okay, this is what made me bullish in here was that if we come back up and retest and you see lots of buyers Typically you get the move higher it it only it made a slightly lower and we can look back one day here now It made a slightly It's not gonna work is it Yeah, I need to I need to look at the week Okay, so anyway, we made a slightly lower high here And then the sellers came in and pounded this lower here hey down into these This this these previous or this previous wick here. I'm kind of surprised it didn't come all the way down here It didn't you know it's trending up you can draw your trend line in here It bounced once came back down slightly breached it here Here's your false breakdown and then the buyers came in hand over fist And then they finally broke the the swing here We were looking for move up into this kind of 70 level and then 75 And you can see what happened here, right? So we finally broke that end of the day. So tricky day yesterday And lots of false breakdowns and breakouts and then people get just getting squeezed and and hurt So what about today now? All right. Well our outside edge here Failed so far. We've come back. We filled the gap already. So we're already seen some profit taking here On the gap fill at this kind of 77 level Yep at 77 and seen a little bit of buying coming in All right, so that's what we see so far now We're gonna let's take a look here if we can get continued momentum on this 15 minute and I would look for a move lower into these areas in here this little back and forth in here so 72 down to maybe even 68 or so would be the first stop All right, if we're gonna get continued move lower all right, so now We know there's a little bit of profit taking here so far. So now let's jump into book map We know this level down here these two levels 70 72 to 68 is what we're looking at And then on the high side Yeah, you know somewhere like back well The first move I would look for is a move back to around this 87 and a half area here this little swing and and then just a little bit higher here back to 94 or so and then highs of the day 98 Okay, so for the session But anyway, that's what I'm looking at bigger picture here And now let's jump into book map and then let me pause for a minute and answer any questions Okay, hold on Okay, that looks like no questions in Discourse did discord nor YouTube at the moment. Okay, so we're good All right, so Let's draw let's draw up those levels that we that we just looked at here in fact, okay So we're looking at There's a few different levels in here so 77 or 70 70 73 and 68 and 88 Okay, so I'm just gonna kind of eyeball. I'm here to do it quickly 88 and Let's line this up though with some areas in here. So I actually yeah this 88 looks pretty good here This little swing in this drop here. I like it And then down lower here 74 and 68 right Yeah, I see a lot of liquidity down here. Hey, so that's about it Hey, we do another level in here That this is kind of where it dropped from in here. So we got that and also the swing up here All right, so now let's take a look at some of the order flow around these areas So now if we're gonna be trading on those higher time frames, what do you do right now? Not much, you know, likely you're still in your short position And you're you're looking for a continuation of that Okay, so You'd be you'd be looking for this this top edge in here And is this the the strong move kind of a bit of chop and a pullback and then look for a continuation If so, what are we looking for up here? Hey, well what we're looking for in this top edge here around 81 and a half The the order flow we're looking for the buyers and sellers In these areas up in here market buy and market sell orders and then also the liquidity Okay, now we're not getting too much out of it to be honest If we if we take a look at this there's a little bit of buying here not much here and a little bit here You know, there's a equal kind of selling down in these areas in here as well So not not really seeing too much at the moment out of it. Okay, so If that is the case, then we're just gonna kind of Gyrate around here. Maybe come back down test the 79 I'd look for that right now to be honest to see if we can get some sellers in here and Just test the lower edge here And Let's see. Let's see if we get Some sellers come back in. They're they're adding more on the offer here Boy, even that's not too clear They're adding and then pulling this price comes up So can't seem to get down Here Let's see if we get another rotation The buying looks better up here, but it did not come back up and test this 81 50 One to see that see the sellers. This is something we covered yesterday in detail is this kind of trapped volume Up above here. It's a pivot line at this kind of 80 and a half or 80 Yeah, 80 and a half here And you you you'll see this again and again see how the sellers just pushed it through now We're testing our 79 level. Okay. Now. Yeah now probably we test this 78 and is this gonna be a bigger break? I don't know Doesn't look doesn't look like heavy selling here. It's a strong move You know look at the slant or There Wow, okay, so something happened just in the market right now. I Don't know if there's some data Release right now or someone said something That's a pretty that's a pretty big move out of the blue. Let's take a look here. I don't see anything All right. Well anyway That was unexpected It was in the direction we were looking for but it's just we're just looking for a move to the 79 and and maybe 77 and then take some profit there and Anticipate a bounce out of this area in here or just some back-and-forth and chop again Probably back to 79 instead. It just dropped right through here swept the order book oops hold on let me Delete that That's a big big sweep there And Pretty decent stop run to you know somewhere around 700 800 stops cleaning the overnight low Yeah Yeah, any any of the longs here are stopped out. Let's put the stops in icebergs on chart That'll help Give a little bit of clarity here because this is certainly a big one. Yeah 745 Hey icebergs right on the other side though absorbing to you know quite a few It's not as big as it as it looks Yeah, all right. All right. Well, then if that's the case, let's see You know, you can look at these kinds of events here if this is going to be like a swing below the the overnight low What we want to determine is Did it does is it going to is it going to accept? Okay, or is it going to retest back up into where it dropped from here? right now you can see that they follow down with Limit cell orders in here. All right, so Let's see and this is our 74 level here that we're looking at Okay, so let's look at our bigger picture again. Yeah, so 74 and then 68 right So it looks like it's still wants to kind of in there's still momentum here So maybe 68 our next level Yeah, we have it right here Okay, a wall of liquidity at lower level in here. So still looking for these sellers here This is the level we were looking at yesterday at 70 and then 68 a bit lower here Yeah, Jonah Well a sweep of 3000 doesn't happen too often. I mean not it I Would agree of these kinds of sweeps happen all the time, but this is this is a pretty big one here Yeah, that's a about about four points or so And that's 3000 contracts is a lot You will see sweeps for you know a lot less than that But 3000 is quite a bit So yeah, you know, we're kind of is disruptive here Trying to understand all of this in here. It gets kind of confusing. That's where book map is great We'll just read the order flow And just start to understand the orders. Let the let the players tell us Let the order flow in here or the the transactions and in these these areas in here of liquidity Tell us. Okay. So yeah, we're looking for there. We go now now our 68 level here. All right That's it. Okay. So now what all right? So Looks pretty good for maybe some profit taking here at this time. We've got another stop run here All right, here's a second low slightly lower low here and More selling Still more selling right so still looking still looking for the sellers to take it lower and Then let's just we'll just zoom in here and read the microstructure I think that's just be the cleanest and clearest way to deal with this in here Okay, well, they're bidding up in here some buyers are coming in exhaustion here actually So a move back up is not out of the question here The question is though. Is it just profit-taking or are we seeing new buyers come in? Okay, some selling back down Then some exhaustion bidding up a little bit here sellers come and take it out take it on And that looks like some new new potential new buying in here. All right, so let's see here and retest back to where it came from at 70 Exhaustion up here no buyers up here very little at least they're bidding up still that looks good Not getting much meant much buying up here though not getting much at all right, so Let's see if these sellers come in with some more power down at the bottom edge here at 68 and try to Try to move down into like this liquidity here At around 67 66 65 More buying back up here again. All right now this this this is the This is the potential trap here That we can cover All right, so it's this area here Okay, because this is see the swing the two swings here and then this buy volume up here So are we gonna get the buyers to be on the hook and then drive it back down to here? Okay, because this is where those sellers came in and swept the order book, right? This is the the pivot line here that we talked about around this 70 level up here 70 and a half Okay, so you can see what's happening already our scenario one is already playing out that this is like a trap Now we're waiting for the stops to be triggered. It's probably gonna go lower here It will go down below the 67 and a half here and This is where like these buyers will stop out Okay, so looking for that scenario here Okay, still it's testing that 67 and a half And it's still looking for a stop run though I haven't we haven't not gotten a stop run yet from these buyers here and let's see it sellers hit the bid They're pulling here and again guys watch this here see the buying in here Watch them get stopped out bound down below here. Okay, if they fail to move it above Right, maybe they'll come in hand over fist up here, right? Then then the anyone who sold in here is going to be trapped. This is what we're watching here It looks like a good, you know buy trap here. They're buying the bottom edge in here Well, just looking for some sellers a little bit lower here for them to just push it And then we'll see a nice little stop run here, right? They got it wrong okay, oh Boy YouTube might have been disrupted there. We'll see no we got the buyers back up above It's the sellers that are on the hook Still no stop runs Guys in these choppy markets though, we were outlining this yesterday It happens in all time frames as well Look for that, you know strong consistent move by buyers or sellers and that that's who's in control of the market and What we can see here is The strong buying I mean yeah, there's a little bit in here, but it's really up here, right? That's precarious Now it doesn't matter if as long as they can buy up here and more And move the market well, then they're gonna take control and move it on up into 72, but here If we see sellers down below it watch this Then we'll get we're gonna get a nice stop run and we should probably get a bigger move out of it Okay, so yeah looking for it there. See that this is this is working out pretty nicely There's our little rectangle and we see the sellers below it here Okay, so now looking for more can we get more selling? No, this is this is the S&P E-mini futures JDM This is a hard read right now to be honest We're looking for that scenario, but this move back up to the top range of the range and a little bit of trading up there I'm still going with it, but you know, we we're not looking for it to come back up and retest up here What we're looking for is this to hold The retest up to 69 and three-quarters. That's fine not above it though And now that kind of disrupts the whole thing and just it just makes it and you know, I think it much more challenging to read We have less certainty here now buyers might come back up here in auction up at 70 and And three-quarters if they do we're gonna get a breakout Right. Yeah, here they go. They're gonna try for it and get to 72 here. It looks like I mean the retest was beautiful here Right to where these buyers broke out and and it held All right. Well, we're we're still kind of gyrating around our 68 level here that we kind of marked up on our higher time frame here Okay, right right here and Strong moves down into these areas here And then you know, are we gonna get the the the buying starting to come back in or the selling gonna take it back down and try to get Maybe down to 58 down here. Let's see what 58 looks like not much Some at 60 no some at 58. All right buying coming back in Okay Still a potential for this trapped volume here All right It's this is where we drop from this is where the sellers took control. This is where it's testing right now Okay, so I'm still not I Like the buying it looks good Order book is supporting it here as well a little bit Hey, but you know what we're looking for is This little area in here in the order flow around it Yeah, they're bidding up underneath here and they're not really pulling pulling a little bit on the offer then too I'm staying away from all of this right here We're looking for these scenarios in here, but I just don't see I don't have clarity around it I mean, I don't I don't see it Little bit there is helpful on the 72 coming in but they're likely gonna pull it or or you can see the sellers Took them on there and more buyers back up above it. All right, so we're above We're above this this little area in here. Okay, so I still just don't like it Traded into this liquidity here 250 stops we finally got a stop run to the upside our bigger one Morning Mountain Longfield So you're showing a 41 75 upward upward is a massive stacked in balance How can we see that? Yeah, I mean right up here here they are in the order book here Yeah, it's up in this area here Okay, you can see it in the book over here in the COB column current order book, but they've been in here a while this is actually Where they were on the on the bid earlier now they flip to the offer side here Hey, here comes some selling. Does that answer your question now how to read it? Let's look at the context here Okay, they're on the bid at 72 Starting they starting to pull at 75 actually They're up a little bit higher though at 75 and and and a half We see a lot of traders and we're kind of in the middle of the of the two So it looks looks pretty balanced at the moment and balanced book Now watch what happens though to this balance here Someone's gonna really skew it and we're gonna get some insight from it All right, they're gonna either show up on the bid or the offer up here and and again like guys we're going through multiple time frames and Trying to get some insight in here interesting no No real kind of skew of the order book a little bit on the on the bid side here And it came back up and tested 75 at least Yeah, so I mean our our bigger question here is back here You know, you can see that it rejected off our 68 level Okay, and We see the the bounce out of this area here Okay below 68 and then it bounced back up Yeah, so the the current order book over here is showing the the current liquidity and also just to the right of the vertical white line This is our current best bid and offer and current heat map You can see it changing right so All of that's recorded though on the on the chart historically here So you can see the the liquidity in these areas and then you can this is the beauty is you can understand the behavior So they started see how they started to pull here at 75 as price is coming up And they did not take on 75 and a half And in fact these guys started to pull you see a little little window in there at 75 and a half where they pulled as Well, so you know this That in balance in here is not They don't really have the intent to trade it looks like Hey sellers at the bottom edge Let's see over in discord. Good. Good morning, Ken Kengerado, what do you make of the way the buyers or is enter the book and appear to lure sellers to them? Yeah, I mean that's this This is what it's all about is understanding this context Sometimes it repels them. Sometimes it lures them. That's what we want to determine All right, sometimes they pull and you know, maybe flip on the other side It's this context between these three elements basically the market structure and then the the transactions within that structure And then the order book within that structure. That's what we really want to understand and and look for clarity See like look at this move up here Okay, so we see some buying in here and you know I'm not I'm still not getting much clarity here to be honest. They got selling selling in here Right can be upended if we get enough buyers to come back up here But they're not they're not able to do it. So sellers in control now are able to likely take this now lower 70 69 maybe six or 68 level Okay, a little a little bit of clarity there a little bit. So these guys are trapped here Hey between 72 and 73 72 and a half and 73 and a quarter right now we're looking for them to get stopped out on the way down And I don't see it yet. I'm looking for the stop run and Where might they take this? Okay? Well, this is a good area first right here at 70 Okay, we have a little bit of a profile node right there, but we have some structure here as well Okay, right here at 70 but our 68 level that would be the target here. We're looking for oh Great. I'm thank you. I'm glad you find value out of this We you know, we got a little bit of clarity out of that in terms of this going lower now and it you know, we see the follow through all right, so Yeah, this one this one worked out and we went through the two scenarios in here again Right that this is a possible trap if buyers can get back up above. They did get above But then they failed to stay above see how these guys are not in a trap any longer Now this is going with these sellers So that's when we look for the bottom edge in here for that selling to come in again And and then look for that continuation. There's our continuation to 68 Okay, now now we've got a potential so, you know, there's a possible trade opportunity there It it was kind of a you know We weren't getting much out of this until we kind of started to look at maybe who's trapped Who's going to get stopped out and we do see a stop run here down into these areas Now but let's look at the bigger picture now. Okay, because the 68 levels important on the higher time frame So now we're going to zoom out and we're going to disregard that little trade Idea in here and we're going to look at the bigger picture now. All right, so I like this idea Let me let's clear Yeah, let's just clear all the drawings. We'll remember 68 and whatever the Our 68 level and our 74 75 level that we had on our higher time frames Look at the buyers come streaming in here and look at where the sellers are now. See how the sellers are trapped This is looking great for buyers to trade up here. Okay, so yeah, I would look for that and Looking for more buyers now look at the speed of the move in here, too Okay, now, what does the volume look like on the speed of that move? It's not the greatest It's not the greatest. It's not bad But it's it's not the greatest when they come in hand over fist and you see that strong move in here It is very clear that this is the area to go to Okay, they are attracted to this area up here the swing in the market structure and the liquidity that's up here All right, so what do we get we get a bit of a pullback here likely off of this little high volume node here You know kind of mean reversion traders coming in Taking it back up here talk taking it back up to just the top of this range here Okay, now we're back to here Hey, this is where those buyers broke out right and we identified the stop run here and the and the buyers coming up Above it in here. Okay, so They're letting the sellers out If we can continue lower and again now who's on who's on the hook It's these guys All right, so yeah, actually I'm looking to see if we can test through now This is our next retest down here at 68 now. Let's take a look at this Okay, so 68 is our important level on our higher time frame, but we're talking about right now a lower time frame move And we're looking for our sellers to drive this lower. Look at the selling in here. It's not so great Okay, it may go below it here, but you know, this is not strong selling on this move lower here Hey, I if we saw that strong selling on this move lower the likelihood to break 68 is much higher I don't see it. I'm I'm not I'm not looking for it then Okay, it's or less likely to to play out Okay, where are we looking for buyers? I'd be looking for them up here around 70 and a half and I like this 70 level here, too This little swing here. Okay, let's see. Do we get some exhaustion? All right buyers. All right, let's see them take it up to 71 here. I think they can do that We've got a little bit buying here They can't do it No, not gonna work. All right. All right buyers You got you got these little guys on the hook here if you can take it higher And they can't yet again All right, let's see if we get one more rotation here This is basically exhausting out here not gonna happen And again our bigger picture in here. It just doesn't look great. I don't see a lot of volume in here Trying to move this market. All right, there's some exhaustion Here's some buying. All right Let's see if the buyer should be able to move it back up to the top of the range here at 70 And now we might get our breakout. Let's let's see here now We're looking for in here is a smaller timeframe move. Okay, there it is to 60 or to 70 Okay, now I'm still looking for it to auction up here though more at 70 and then I'm looking for a bigger move to well 71 but liquid or the move dropped here I don't see any liquidity up there are very little. So maybe maybe up to here at 72 and three quarters Okay, so it would break this little range and come up into this Previous range Okay, let's see it Let's see it buyers looking for buyers here top edge and then the push All right, and then now we can start to look for some targets here Like I said, I like it here at 72 Ish, but I don't I just don't see much liquidity there. I'm looking for a higher move here around 72 and three quarters and Again, let now let's just zoom out again and take a look at this. Okay. What's the volume look like here? It's just still not that great Right, it is it's the traders and the volume in here that moves the market or it has the potential to move the market And that's the context we want to look at in here Interestingly enough it came right up into this area here regardless of the liquidity being higher And now we're back into this little range here. All right some more buyers All right. Yeah, it looks like looks like they want to auction back up here The bid is looking good. Yeah, let's see if we can get a bit more in here We're gonna small little rotation here looking for our buyers here. Look at the bid. What's the reaction? Do we get our buyers? Nope not yet. We're getting sellers here at this little bottom of this little range here Now we here we go. All right a little bit more a little bit more buying No, nothing another road rotation Nothing happening. The offer is coming down in here The bids up though. They're still bidding up that looks good. Okay. This is see the this exhaustion here Can we get buyers up here 70 and a half? Okay, because we looking for these sellers to be on the hook down here basically Right and then looking it has to our next if we're looking for a buy side. This is That's where it has to happen and and you can see what happened and just push right through it So that's a tough one as a tough I mean we're looking for that scenario and all of a sudden they just come in and and these guys But the concept is the same these guys are all on the hook, right? So still looking for this to go higher here. Let's get to 70 our 73 swing maybe we get up to our 75 now the volume looks much better now So here's our first swing here. I'm still looking for this a bit of profit-taking maybe a pullback to here maybe To 72 but I'm looking for them to stream higher up into 75 and 75 and a half right, so what I Don't know this this is these are good little areas or pockets here to consider some taking some off and then looking for the On this on this smaller time frame the move would be up into here All right, and then that would be it Okay, now the bigger time frame. Let's go over a bigger time frame What are you looking at in here? All right, because on our higher time frame We're looking at we were looking at the 68 level early on Okay, and and yeah I would actually in the higher time frame if I got involved in here the first area I would consider taking some profit is at 75 All right the swing up here All right, and then maybe it can come back up into the next kind of swing or this area up here Yeah, somewhere around here 80 Okay And let's look 80 liquidity is coming in It's also a high volume node here, and this is where those those sellers came in and hit the bid hard Really hard Okay, so what did we get so far? Well, we got our pullback that we were talking about Let's see here What about CVD being so low? Okay, so let's take a look CVD is just really flatlining Not seeing much out of CVD. I'm gonna go with the session range here Okay. Yeah, I'm sorry Ken Joe Ken Gerato. I don't really get a lot out of the CVD. I used to I used to think I did but then I you know Again, it's just this context that I want to understand in here and CVD you kind of line with it or not but like for example for example We might get a CVD reading where it's like, you know, we get all sorts of selling in here But all that matters is if we can get up here even on low volume on the buy side If we can get up here, and then they turn on the volume up here look out You know, they're gonna be able to they have the potential now to lift it Right, and this is where CVD can really be upending for me at least. I I Have a hard time with it, you know, we can look at ABC patterns as well You which are you know, like, you know our head and shoulders and and you know kind of double bottom sometimes but then and then look at volume on these patterns in here and and where That volume and the order book in here as well gives us some insight. Okay, so for example For example, hold on a minute here. Let's just Let's clear our drawings again here and let's take a look all right, so With a you know these this market structure of kind of ABC pattern and What we want to understand in this kind of pattern in here is you know, if it's a reversal or continuation and What we're looking for and trying to get inside in okay, so there might be heavy selling on the way down and let's suppose it is You know, maybe some light buying in here, but then some pretty heavy buying up here Okay, and then this suppose it's light selling on the way down and it's a higher low in here and Then probably right around in here. You'd probably see the heavy buying, you know a little bit higher like this Suppose you see this in here Okay Your CVD it might still be Negative in here It might be it. I think this scenario here. It would be positive This would probably put it into the positive right and then you have some diversions and that would be good It's possible though that you know and maybe you didn't get This this move up here With the the heavy buying at the top here, maybe you got exhaustion on the buy side and then instead Let's just let's just go through it again Okay, all right, so let's suppose instead you have the heavy selling here very light buying exhaustion heavy selling Okay, but it still still makes a higher low in here Okay, well, there's some divergence in there And and then this suppose it's just light buying again in here. I mean, you know, it's telling you like stay short stay short stay short But what if you get like heavy buying back up here That has the potential now to really lift it and move it higher and in these guys in here Now this is what we've been talking about about traps Okay, and that's while these little areas can be like kind of pivot areas That are important inflection points in the market. Okay, so this is obviously it's gonna There's gonna be this this will really, you know, kind of kind of screw with some of the CVD traders And I mean, there's all sorts of scenarios that that kind of emerge I mean this these larger players in here are dumping Are really screwing with CVD as well. They're really screwing it up Right making it unreadable. Basically, so just rely I like to rely on the You know what I see within the ranges So slow down. Let's see over in discord He's been documenting some really great stuff everybody on the Bookmap insights And also in discord looking at reversals And you know in starting to understand this now we have a higher time frame level here But we've been looking around the order flow around this level in here and so far We've only seen it come up to the like 70 73 basically our real level that is the first stopping point here would be 75 Okay, and we haven't gotten there yet. We're still just chopping around in here. My point is this These reversals can take a long time. They can chop for a while and it can be very trying To catch a reversal. I know slowdown is not looking for that You know, he's actually he just wants to know more about When that potential reversal might come about and start to understand the order flow within it Okay, so trading reversals can be really tricky. I feel and yeah, it's a blast to to grab them and then catch the catch a really big move, but You know, you might get stopped out a few times before you can really, you know grab your your bigger move Market on reversals. It always seems to retest another time that you just didn't expect Okay, look at our now see what I mean by this potential trapped volume here Okay, they're they're still in the game here, but it's not looking too good If we can get buyers back up here, right? So we're looking for buyers up here around 70, right? Here's the trap volume Hey, see now see how they're getting let out here. So actually now we have the potential for the move lower Okay, so and and what did we get? What did we get here in terms of volume now? I don't have the order book. So let's turn on the order book so and We have the trap volume. We know that now they're being let out And it's actually these guys up here that are going to feel more of the pain Okay, now we're really watching this one closely though here at our 68 and a quarter level watching it really closely here because At this point here if we can come down and retest here and it might exhaust on the sell side It's not we're getting sellers. Okay, there they go All right, so what yeah, and now let's see if the sellers now can can take this higher or is this the area that's going to be Gamed right so we're looking for again above 68 and a half now All right, is this the false breakdown All right, so let's take a look here. Do we get buyers up here? Yep Okay buyers now strong buying they should be able to take it back up here to 70 and a half Okay, I'm looking for that Okay, I like to get in around here when I see that strong buying I like to get out right there right now for just a partial. I'm still looking for a bigger move here Okay, see the strong buying coming in that's different Right that looks different now Okay, so here is our false breakdown. It is this this is the trap here These guys were let out of the trap When it came back down in here again and tested let's just clear the drawings once again Okay, so this is the trap here This is the real trap. They're pulling away and it's goodbye You know so our first target because we don't know Is the first swing up here that we might get another rotation back down to right here These guys can still be trapped in this area in here and it can come back down and retest into here Okay, and they would be buying back at trying to you know save save some money I mean, you know Scott Scott Pulsini he talks about that as well Just that under understanding that the behavior is oh, please come back I'll be a buyer if you come back Let's see here Some more questions, so they're pushing the price upward Well, you can see the orders that the way the heat map works Mount Longfield is that You know here it is in the COB column in the current market current order book. Okay, this is your dome But in this is the current order or market window here to the right of vertical white line and you can see the orders in here that relate Directly to the current order book But what we've done is just we take it and put it into a heat map form And plot it onto the chart historically here So this is when all of those traders came in you see they weren't here earlier We know precisely when they came in they came in here And we know precisely how long they've been in the order book And we know if they've been adding or pulling in these areas here. That's all the heat map is Yeah, I hope that answers your question. I think that is your question Um Can we see the dark pools? Yes, you you can shadow dark pools are only in stocks And you do need to have let's see if we can see any in here You do need to have the NBBO data. Okay that I Have here, okay National best bid and offer shows all transactions and you'll see like dark pool transactions Maybe some here. Yeah Looks like to me at least Some dark lots of them. In fact, it's usually you don't usually see that But usually you'll see one big dark pool transaction way off of best bid and offer, you know something like that Okay, so yeah, that's typically it doesn't have to be you know, but typically that's kind of what you see Look at this diverges on Tesla Just for kicks. I mean Tons of selling in here, right Tons of selling it's just going down and down and down but look look at this You know, so this is pretty massive diversions. I'm really curious We'll come back in in a few minutes and look at this if we get the pop above this range here in Tesla and then see a really nice strong move up into here So 86 and a half, but maybe 87 here Okay, so what look we'll look for that scenario in here Just there's so many sellers on the hook in here That they're gonna get squeezed pretty hard on the way up So that's just you know a scenario for looking for the short squeeze and it's setting up really nicely If it can continue to push there All right So anyway, how did our our trap volume idea work out? Well, you can see what happened here Okay, so this is why like it's like I mentioned about reversals in here This is strong good volume. It looks good. This looks really good. We're looking for the move back up into this area here Okay, and this swing up here and it just didn't do it This is again why I on reversals especially I like to take some partial profit along the way In terms of trade management the trade management. It's a little different. You know, that's personal. It's up to you and You can see though. We've retested exactly the zone we mentioned here And it's holding still and we are getting buyers here Okay, so can we get a little bit more up here around 70 then we can get a move back up to here 71 and a half our swing here at 72 Okay, and then if we still see that buying continue We're looking for them to test up into these guys and this liquidity at the place We were originally looking for that swing up here. Okay makes sense Okay, thanks guys. I hope I'm providing some value for you Which channel or room and discord for the reversal discussion with slowdown? That's in the all markets wolf. I believe or Maybe it's in general We can take a quick look here and slowdown is looking at some stuff here as well Trying to learn When to turn the bus around yeah, exactly I mean it takes a while and you know another thing to look at for reversals especially I I find Is to look at correlated markets. Hey, what are the other markets? Are they all aligned if they are it? You know it really helps it really really helps okay, and You can get some very powerful moves when you get some correlated markets all kind of aligned This is great slowdown great great to hear about some of the Anticipating retracement's etc. So like this little retracement back down to here Yeah, yeah look for them Understand like the the understand like the the traders in in the in the in the structure here. That's what's important And that's what we're looking for. Okay, and you know, they're getting squeezed here. It comes right back down And then again, we're still looking though for it's supported by buyers. So Buyer supporting it. We're looking for the move back up into to here at 72 Hasn't gotten quite there yet. If there's a few ticks away at Yeah, that's it and The it's really you'll see the shift in the volume as well in the in the higher time frame Right, you'll you'll probably even be able to draw a line right down the middle And you'll see on one side is all selling or mostly selling and then mostly buying on the other side And look for it, you know There's something that for our move here in our our higher time frame. I mean it's still holding here Around our 68 level still holding does not looking good We're trying to kind of read it and and catch it and look for something higher here You know it still may play out, but let's just look at the structure Okay, we can take volume dots off here. We can take everything off except for market Best bid and offer streaming best bid and offer Okay, and let's take off our stops and icebergs as well Just just for a moment and look at the market structure. See how the structure here. It's not looking good I think we can't get above this swing here, and then we're now we're making lower highs here You know and kind of equal lows here. So structurally structurally this looks bearish in here Okay, so what we need to see structurally is This needs to break this needs to break right? This would be the next break and then this would be the next break Okay, so and then then a test up to here and then a test up into maybe here All right or into the zone up in here Right where it broke from Okay, so that's what we need to see now what if we don't see The the transactions and the order book supporting that you know that break here Then we're looking for the opposite. You know we're looking for down in this area. We're looking for sellers Okay, so we're looking for big red dots here And in fact, it would be a small break here of this trend line with big red dots And looking for the move back down to lows of the day basically All right, so and this looks more probable to be honest Right by just looking at the market structure here. We're looking for reversal around our higher time frame area up here It's not looking good right now Okay, so we have a potential move back down to here maybe on the higher time frame 58 And so let's take a look here All right, let's let's now turn on our heat map and Our volume dots. All right. Here are sellers bottom edge. They're going to move it right now. It looks like Okay Okay, so there here's the move to the low or in this range here. Okay, the low of the day is down lower 66 Okay, so still looking for more sellers here now Okay, we're going through that scenario. We've got the structure on our side. We've got the volume dots And we have to low we've spent a lot of time talking about today about traps Okay, it could even trap a little bit higher here. So there's a couple little areas So if we get buyers back up above this trapped volume on the sell side look for the squeeze and look for the move back up into 71 okay, so that's another scenario that we're outlining right now Okay, and it's really going to matter down here Okay, so we're looking for the sellers to break it. We got it. Okay, now we're looking for follow-through on that sell side Okay, that's primary scenario. We're just outlining these other scenarios in here now if you're in this short Like, you know, it's still good until up here So, you know, you can consider and it's just a consideration of your stop being up here someplace Okay, you can still be in it like, you know, this this buying in here. Yeah, okay But you know sellers still still have it in this little area in here Okay, so again still looking for sellers bottom edge and then the move lower Okay into 66 65 Yeah, okay secondary scenario is that the trap and then and buyers back up At first here at this swing here 68 and a half and then a lot more a lot more up here at 69 Okay, then and pull away from this zone in here quickly And I don't see him up here. I see sellers again down here still looking for sellers to drop it Still looking for it. Okay. How's Nasdaq look? Let's jump over to Nasdaq Nasdaq's a little bit more bullish here. It's got a ways to go It's just breaking this little low here So sellers are coming in so that likely they'll trade it back down to this one one 65 area here I'd be looking for that on the sell side And then if they can really pick it up, we'll get to lows of the day here in the Nasdaq Interesting move on the Nasdaq. Here's your point of control here Okay, and and what do we look for on the point of control? You know, you really look for that heavy selling to move it away from that zone You're not looking for a retracement Good morning Hector. It's possible to prevent orders Order blocks that appear strong but then disappear. No, no I mean probably what you're talking about is a see this is failing right now and see how this is gonna be the trap here Nasdaq does this better than the S&P illustrates this this trapping a lot better Okay, so this is the area so that looking for a buyers here, then that we should get a nice little swing move up into maybe 90 First stop probably 85, but maybe 90 maybe 95 Right, and what about Tesla Tesla's probably Still not doing it still not doing it yet Okay, what about our S&P? Just chopping around in this whole area here that we were talking about Spin trades How do you generally distinguish between your support and resistance areas that get run through? It's again, it's all context It's about the relationship between these buyers and sellers. So and what I mean by buyers and sellers is The The aggressive buyers and sellers are the volume dots. Okay market buy and market sell orders These are the guys that move the market. Okay, that they'll sweep the or they can sweep the order book You know you you pay up it a price you you you cross the spread you you pay up on the on the tick Or you know, let's suppose you you hit market buy You know, then you're gonna you're gonna get filled on the next best price on the offer whoever's offering wherever they are And these markets, it's amazing. It's one tick wide spread. You know years and years ago. It wasn't like that decades ago And stocks also just like we'd be god We can look at Tesla and look at you know, how you're gonna get slipped or not slipped. You're just gonna, you know Likely be at a loss right away Guys look at this. So here's our secondary scenario here, right? We talked about it Look at our line here and look at the volume now above it. Okay, so you know look looks pretty good here looks pretty good and Let's see if we can get some more buying in here Maybe a pullback to 69 and a half right here But our next stop is likely up here. Okay, well, we outlined around the 71 and a half Area and now the volume here doesn't look so good on that buy side Doesn't look so strong. So we just traded up to this liquidity here. Okay, here's our pullback to where it broke from And let's see here any other questions Which is the best market correlated market look for the ES? Well, they always change usually a Nasdaq I mean is leading, but you might want to take a look at the Russell and You might want to look at our market pulse pulse tool I can demo it here as well But we've got to go here. I got it in the webinar here in just a few minutes You know, I mean the classic Correlations are obviously looking at the bonds. You can also look at the dollar a dollar index As a negative correlation, but The Euro dollar can be a good one if you don't have that since the majority of the DXY is made up of Euro dollar Oh, thank you, Michael. That's a that's a really nice compliment. I really appreciate that I was watching the older older webinars and I'm getting some some deeper insight guys, so you can see they can You know a little bit tricky here But this is this could be the bigger reversal now because we've got a whole bunch of things kind of aligning here But again, you know, reversals are kind of tough It looks pretty good for hitting our swings and coming up to this 73 and a half here Right and testing this liquidity here Okay, we've been looking for it all the way along our structure looked horrible or Not horrible, but we noted it that we're looking for actually sellers to take it lower Okay, scenario number one scenario number two Was the trap volume that we outlined in here Okay, and that once we can get buyers back up above that area which they came in But they came in right up above in here actually well kind of the the top or top edge of that here around 69 And and then it and then it held. Okay, so I am looking for more buyers now. I think they got it I'm looking for the move to 73 And as see this see the strength coming in now Okay, that looks a lot better Okay, so I'm looking for the move to 73 test this one up here Pop above it as well and see what's up above it here. The next level would be 75 up here Now, we don't know if this is going to be the bigger move You know back up into Up up here But we've been watching this closely the back and forth and the back and forth And then looking for this potential scenario Our most likely scenario when we looked at the the market structure Was the move down? It became the trap the move down became the trap Okay, now we had the secondary scenario of this trend line break And then there's our move guys into 73 and a half still looking for it to go higher All right So and looking for our stop run. So let's put our stops and icebergs on here There we go. There is a stop run already Okay, so maybe that's a good potential area to take some profit Okay, my read on it right now is Yeah, they traded into this liquidity I'm still I'm still seeing some strength though on the buy side here. So looking forward, you know, maybe the 75 and a half level here This is one thing just a note here and before we leave and guys, yeah, please hit the like button in here this very very helpful and the Because what I want to ask here is what what do you want me to cover? You know What we've been covering in here is been about gaming these levels basically looking for who's trapped who's not etc When that might happen and be prepared for it and ready for it and what it looks like when it looks good To finally reverse So and we're looking for those things in the scenarios as we're outlining them This can be you might be trading volume profile. It doesn't matter. This this will all work We're talking about the orders in here talking about the around a specific level We're talking about the orders. We started with the higher time frames in here We we looked at our market structure and we're like yeah It looks like it's probably gonna drop and into this area here Then we noted that the trapped volume and our secondary scenario Now we're looking for the move up to 75 this swing here And we could get even a bigger move up into 80 up here that we outlined Okay, it looks pretty good to me So what but that this is the first stop though is at 75 level and our higher time frame this swing here, right? So maybe maybe the rest of the day. Maybe it just comes up and test 75 I'm looking forward to go above 75, but I don't know if it's going to be sustained And I want to see the stop around above it and then probably come back into the the middle of the range again That's another scenario here now We're just going to look at the order flow the order mark up your charts Look at the orders around those areas to see if that's going to be more likely or not Or do you see just more massive buying and momentum here? Well, then likely the 80 Area is the next stop, you know something like that Okay, let's see here a few more questions Okay, so So went over the correlated markets Yeah, sure. I'll show you market pulse really quickly Tom. Tom B is already started guys. So That's the next webinar And then like I said, don't forget about John Slazas he's an expert on the market structure so you you might I would suggest it is crypto and You know, it's it trades a little differently, but it you know, he's he's a veteran trader and we're really happy to have him Okay, so that's that one o'clock. He's weekly on Tuesdays Why does liquidity act like a magnet? So sometimes it does sometimes it doesn't lot usually like in stocks You know, we can look at it here like Tesla, for example You know these areas of large liquidity you can see the larger players just kind of park their orders and they just wait to get filled At their levels so the aggressors do they want that liquidity? Do they have more selling pressure to trade lower? They did in this case here They traded into this and through it. So the magnet is still here down here at 183 They just we don't see enough sellers get down there Right. Look at look at the CVD here just cratering and I'm still looking for that squeeze a beautiful squeeze in here Maybe maybe it does maybe it will happen now Look for this look for a lot of buying right here right now this little top of the edge here I don't see it, but if we can get some buying in here. We should be able to trade to 85 80 and 86 That's what I'd look for and Yeah Just a scenario to go through. All right. Let's see here. Oh, yeah, let's let's go through the market pulse really quickly I love this tool. I should we should be we should have it up every day There's so much to look at in or here actually hear the orders. It's amazing manage orders Okay, yeah, so I know I got it. There it is. It's in here There it is Okay, so Funny, okay, I need to create one for the S&P Not Tesla So you you got to be in there. Well, you don't have to be in the area There's there was an update so But let's create let's go let's just go back to the ES and then that what that's the one that pops up here We can look at price change Spread change and also volume pressure. Let's look at volume pressure and we'll hit play Okay, and it's gonna look at a threshold and then when the volume goes above that threshold Then we'll see something in here happen. Okay, so I hear it is and then I actually hear Yeah, all right, so see I went above the 70 level in here, which is our threshold Okay, so and here it is. This is what it looks like The the beauty of this is you can actually hear the individual orders come in and sometimes you'll hear a sweep of the order book Just go It's amazing so anyway, so Yeah, here here. We've got it. You can go back and Go back to right-click on it go to settings in here No, I need to go back to the original one and add another one in here Which is volume? We already have it. So I just need to hit play And then we now we have the NASDAQ so now we can compare and contrast Do I hear selling or buying in the NASDAQ first? Yeah, so they're both correlated here. They're both selling off hard hard Guys, this is why like again on reversals. This is tricky. So what what happened up here? This is the trapped volume here. It's above 75 or above 73 to 75 And so there's coming in hand over fist. This is why the reversals I like to take my profits along the way Okay, okay, because otherwise you just gave everything back and maybe you're holding a loser And don't do it You know So anyway, yeah, now we're down to lows of the day and now we've got everyone trapped as a buyer here So I'm looking for for sellers to take this lower Right. I think I believe this is the trap here on the higher time frame So where might they take it? Where might traders be able to take it might be down to here? Okay, so around 60 58 Right now, we'll take a look here again Hey, because of this area here at this 66, you know, maybe that becomes another trap in here, but we've seen this enough and you know European session just closed and the Shenanigans are kind of over. It looks like they're moving the market. It looks like the market's ready to move. Okay, so Anyway, you can see what we're Looking for that. Yeah 60 and 58 potential down here Yeah, this is really cool this market pulse You you can set a lot of different parameters in here or you have different algos that can work it You know just add another symbol in here euro dollar for example and then get this get this up for market market pulse as well and listen to the Euro dollars see if that's leading everyone first, you know, maybe the You see some dollar strength in here if you do well then and these you hear the NASDAQ starting to lead great Yeah, it's a great tool. I really like it Anyway, guys, yep, let's let's wrap it up. We'll call it a day. So we have J trader tomorrow and Scott Pulsini on Thursday, so I'll be back on Friday. So yep, thanks everyone. Have a great day and we'll see you then Take care