 All right, good morning traders and welcome to the book map live trading webinar. This is Bruce at book map We'll go through live analysis like we do every Monday and Tuesday and Friday 10 a.m. East Coast time and then we have live trading with stocks trader a J trader and On Wednesday 10 a.m. And then Thursday at 10 a.m. We have scopolsini futures trader This is all a part of the education is all free within book map We have an educational course that is the beginning of the journey from that course. We have the live analysis That Monday Tuesday and Friday And and we go through that same course content, but forward-looking analysis foresight here not hindsight education So that you can apply exactly what you've learned and and build trust with that education Then we have a couple different traders with very different trading styles One for stocks one for futures and then also we have Tom B in the afternoon Today tomorrow and Wednesday at 1130. So once this webinar ends he will begin and Go for an hour and a half. I'm sorry three hours. So And he looks at volume profile for strictly the ES Okay, so we have Different traders in here. We have the course. We have the analysis Put the whole package together for you and it's the education you get here for free We think it's a pretty robust offering. That's free. So anyway, let's go through the disclosures and jump in General disclosure. It's important to understand this All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Risk disclosure trading futures equities and digital currencies involves the central risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results. Let's jump in. Let's see what's going on here All right, good morning everybody. Good morning, Doug. Uh, yeah, thank you. Thank you. Welcome back. Um nice to be back and uh See what's uh, what's cooking here in these markets. Um, good morning slowdown Uh, all right. So, uh, we're uh, even though we had some good data on friday Knocked it out of the park basically with unemployment um, and f1 f1c, um, uh, non-farm The the market is selling off uh, makes sense. I mean, you know, the the Although the employment data is good. We might not go in recession Uh, you know, all this stuff is spinning and spinning and spinning. Um But the market's worried about, uh In inflation, uh, and if more employment here just means kind of a spiral of inflation And and wages wage growth. So, uh, anyway, uh, we can see the market selling off is what it boils down to and that's really All we really care about. What is the reaction to the news? We can put the together a fundamental kind of outlook here But it's really what dictates here is the market and it's the price and what is the best way to understand that? It is the order flow Okay, the order flow tells you what the market thinks Uh, so let's just take a look at what's going on right now. Okay. I've zoomed out here from uh, have pretty pretty nice chunk of data here from uh, uh, uh, june 10th here. So at, uh Uh The open on sunday, uh, and you can see the uh drop. Okay. High liquidity up here at 3,900 the figure Uh, and then we see the sellers come in and move market away Well, what's what's happening after that? Well, here's more, uh Limit sell orders at at this area here 10 points lower at 38 90 quite a bit And the market continues to go, uh, down And then it reaches an area down here where there's high liquidity guys. We we go over this in the higher time frame I mean, it's just it is the same thing though when we're going to We zoom in and look at much smaller time frames exactly the same thing Uh, we can see that, uh, you know, there was uh, this is the uh, you know, european open here at 2 a.m But maybe there's some news here as well Quick quick move to the downside. Where did it go? High liquidity on the bid And some of these guys pulled here And but they got filled in here. It looks like in some of these areas Anyway, uh, we get a kind of a double bottom pattern out of there difficult This is a difficult double bottom to read. I think, um We have selling here and some selling here. It looks like it should go lower Even though they are bidding up here, uh, where they where they were here down at kind of this 59 Or i'm sorry 38 60 And then they started to add in and and then they started a front run As well add more in front of it and we see the move to the upside Okay, again towards liquidity always the same picture towards liquidity and They they didn't get back up to this 90 level, but they got up into this area here at 85 And then let's zoom in here a little closer and see what's going on in the cash open again boost Or price move up into high liquidity And then a move down into high liquidity here here And still trading and and they're still on the bid at these lower levels here. So here's our 38 50 down here And uh, they're front running there as well We're starting to see a lot of buyers come in right now as well so You know, I think um, we'll go through the order flow right now and at the at the lower time frame And uh, you know, see what's going on here But I want to I want to take a step back. I think today and go over Higher time frame structures, etc Like right now in the lower time frame looks like they want to trade up to the 64 level here We see quite a bit of buying coming in here, but They well, they've made an equal higher slightly higher high and a slightly, you know in the higher low here So we're looking for buyers here and we're looking for them to reach here 65 maybe 70 as well Okay in this small time frame Right. That's just the order flow reading right now And we've we've tested here just once but this is our second test here And looking to see if these buyers can lift it I I really like this kind of area here just because of the previous action And it's kind of at the upper band of the liquidity around this kind of 65 66 level Okay, maybe they can reach up to 70 though. Maybe even 74 up here Kind of where it broke from actually really truly broke from up here around 82 All right, so anyway, that's the current read and you can see that We're finding some buyers in here lift the the offer so looking for them to continue here and We could get a nice little short squeeze in here as well Okay, so the move to 70s on the on the radar here All right, so let's put a little structure on it though. Take a look at that And see what what we think of that just some simple very simple structure here and Breaking out of a range here for example on on heavy buying though. That's what we're looking for right So it's this area in here. We're looking at And understanding that's why we're giving this kind of analysis for the order flow to Bit of an imbalance here on the buy side so looking for that to continue and try to explore a little bit higher here All right, so that's that And let me see if there's any questions here Nothing in discord nothing in YouTube. Okay, good. Um, all right. So, um, yeah, anyway Bit of a pullback at the moment. I'm this is where I'm really curious to see I don't see much liquidity in here But let's see if they can buy off of this trend line here Okay, so, you know, the liquidity is not there right now, but maybe they'll come in Uh, they're really down here. Uh, so, um, it's not looking too good For for the buyers to uh to bounce off of this trend line here Okay, so maybe a bounce off of 57 though, uh down here All right. So, um, anyway, we'll see we'll see how this kind of reacts in here Um All right, we'll come back and take a look at that. Uh, all right. Here's what I kind of wanted to go over today. Uh, and, um How's how to understand what the next move is, um Farhan, yeah, well All right, let's let's break it down. Uh, and and we're going to take it to the higher time frame as well Uh, and uh You must be new in here because we go through this process every every day here Good morning, David. Um, and the it's just the reading of the order flow Okay, so one is the heat map and the liquidity Okay, this is these are limit buy orders Below the market and these are limit sell orders above Okay, that's all it is and we're just recording it From your dome or your current order book here Okay, see see the uh the numbers in here. This is the amount of contracts at each price level And then below on the bid these are sellers and these are buyers down here This is your dome. You're like like your level two Okay, and that's it We just take it we and we um in the heat map here Uh In the current market everything to the right of the vertical white line here is the current market here All right, so this is our current best bid and offer last traded volume Uh, and then this is our price ladder. So, uh, we want to see See how they're not bidding up here Well, we we'd want to see that actually we want to see them bid up if they are going to buy off this trend line I want to see buyers here. Okay wanting to get a discount here Uh thinking that there's more buyers in general in here and that price will explore higher Well, they're not here Okay, so that's one element right right right away. So that's why we're looking for possibly the move down here to 57 Okay, that's one That answers your question there There are other answers to your question other parts to it Understanding the aggressor. Okay, so let's take the liquidity heat map off for a moment And just read the aggressor The aggressor r is the um the traded volume of the transactions We call them the aggressor because these are market Order transactions. Okay red dot is a market sell order the size of the dot shows the amount traded In in the graphical reference here representation green dots are market buy orders. So look at all that selling But look at the buying come in here And we make a slightly higher high And then we're talking about structure now too. So not just the aggressors We're talking about structure So uh kind of sideways consolidation in here but with a slant to the upside So this the structure alone has a slant to the upside also So do the dots in here. Okay on this very small timeframe from this point onward Okay, there are more buyers here. You can just see it uh in the uh the amount of uh The quantity here or the color the size of these dots So we're looking for more buyers to come in It's as simple as that Okay, now what we want to see where it might go That's when we turn on the heat map Where price might go. Well, it's got to transact And it has to transact with um buyer or sellers on the other side. That's how the market works It's buyers and sellers. So where the majority I'll ask you uh farhan Where are the majority of sellers in this picture in this current market right now? Okay, just what on what you just learned. Where do you think the sellers are? Well, they're up here They're up here 38 70 Okay, uh, but we need to see the more more aggressors in here to try to reach that So that's why we didn't like, um, you know the uh The support being down here, right? We want to see the support up here in these areas just like this The support came in See how they started to kind of this there was support down here Here in here Okay on the bid these are limit buy orders and as we go across. Okay, they transacted in here Transacted in here Okay, and we want to see them bid up like this Okay, this is good Right, it looks good to to trade up to 70 and that brings us to the current market Okay, it's just that what we want to see we want to see more under underneath at a higher level here Okay under here And we want to see these guys maybe pull their liquidity here Oh, you're welcome Farhan. Excellent. Yeah You know, I know this can look very confusing. Um, and it looks like there's a lot of information here Um, and there there is a lot of information here, uh, but these the process is pretty simple Okay, so here we got up here and and see how they're not I mean they're supporting it here But it's just not enough it sellers can you know, it's kind of dark in here so sellers can bring it right back down You know here we had an answer or kind of answered the question a little bit here. It looks pretty good Buyers there's more cluster of buying up here. This is pretty good We come back up here and we don't have too many buyers Okay, so sellers rotate back in and bring it down to the bottom of the range here Okay, now look at this here look at 58 see him coming in at 58 And also here at 62 All right, so they kind of narrowed that range now on this smaller time frame Okay, so let's see if these guys stay in the book here at 58. Yeah, kind of kind of not Okay, now if do we get enough buyers back up here at 61 and I want to see these guys pull Here on the offer. I don't want to see them. Maybe this guy pull on the bid here and add higher Maybe around 60 that would be bullish. Then we'd be looking for the move back up into not only the high here at 65 but then our 70 level looks pretty good at that point Okay, so it's the context here of the auction and we're truly reading, you know the auction here Yeah, all right, so um, let's let's take a step back here And you can see here here comes a barrage of sellers pretty strong selling Okay, so they're starting to move the market here Okay, or at least move it away from this zone up here. Okay, so our 57 just transacted Okay, we have another trend line down here. I don't see support Um, a little bit here at 55 Right, so let's see any other questions here. Nope. We're looking pretty good Okay, um Yeah, let's see if we get our sellers in here. Not really Yeah, there we go. That looks better. Okay, they should be able to move it down to 52 and 50 now They've got enough selling pressure so This is this is uh, you know, we see this pretty strong selling in here, but we we need to see the some of the follow-through and They started to sell a bit more here at a lower level. That's where we're looking for our follow-through So sellers got it now if they if they want to continue to sell into the figure here down at 38 50 Hey, there's our 52 level Okay, and then looking for 50 here All right, and then that'll break to the low here lows of the day Uh strong selling. This is um, this is what we look for here Um, you know to move it away from the all of this cluster or this kind of consolidation here Is it's pretty good selling So, uh, yeah, let's see. I want to see them move it actually through 50 here I want to see these guys trade in here and maybe we can get down to 47 Uh, maybe even like 42 here Okay, this is where I want to lead into the higher time frame analysis Okay, so if I'm zoomed out here, for example, uh, let's take a look at this okay, well strong selling Strong buying starting to come in buying coming in unable to lift it higher And then we're looking and watching in here and we're looking for that bid to help us out a bit and it really wasn't there Uh, and uh, this then the sellers came in Uh, and then we're able to move it and make a new low here. Okay, so Uh, now let's just take a look at the selling pretty strong in here So the the the direction here is for trend continuation then that's what we'd be looking for Okay, if not if that's not the case and it's not going to be trend continuation We've got to see a lot of buyers come in here So you see how the order book here see how they're on the offer here See how we're getting sellers here So i'm looking for sellers to continue to hit the bid into this liquidity And I think they can trade through it to see if we have more sellers more red dot Or you know aggressive market sell orders, then we do limit buy orders here Okay, the liquidity if we have that we'll see this drop into Maybe 45 or 42 the next levels of liquidity um So raja, you're talking about a strategy here. Where should you place the orders? Um, well, this is uh, we can we can talk about strategy It's this is really about reading the order flow Okay, book map is a platform not a strategy That's why we have the different traders that will go through specifically their strategies All right, but we talk about it in here in these webinars. No no problem There are many strategies many ways to look at this all right, so And it really it depends on what suits you And how aggressive you are what use your time frame? How much money do you have to leverage? Etc these are all questions that you'll need to have to answer It sounds like a cop out. It's not it's just it's up. It's up to you Uh, so, uh, you know, if you're looking for like a trap down here Uh, and then buyers to rotate back in uh, that's a possible strategy here Okay, we're looking for more sellers here right now in continuation. Well The being that that being upended we're looking for a ton of buyers to come in right here actually Okay right now Uh, and they then they'll trade immediately up into 56 Okay, because that's where the liquidity is And see how 56 is kind of pulling in here or just in front of it there Okay, even that even though we see these buyers coming in like this The strong move is still the sellers and they started right around here. So this is a pullback right now Uh to 58 Okay, so we're going to look at something else in here in the order flow right here around this 58 and a half this is where it drops see where it dropped from here. Okay, so We need to see buyers above that area Then all of these sellers in here are basically trapped look for the short squeeze to the upside Okay, now, how do you how do you manage something like that? How do you if this was going to be a squeeze? How would you manage something like that? Well, it's up to you. Uh, but uh, I personally what how I would be looking at it Is uh, I'd be looking for the same thing we were looking for earlier over here Buyers at these higher levels a lot Okay, I want to see the bid support it underneath. I want to see them pull on the offer here Same idea. Okay, so here look look how that did they buy up here? No Did they buy up here? They even made a lower high here. So I'm actually looking for sellers Below this 55 area here And let's see if we can get it if we can get sellers below it Then we'll get a move down probably to about 51 or or the figure at 50 here Okay, so let's see if we get our sellers here instead Okay, we're not We're getting buyers here Okay, we so we got our buyers here All right, even though we had a lack of buying in here And then we made a lower high in here. We're looking for sellers in here. We didn't get them We got buyers up here Then we're looking for the breakout now. I know that sounds like hindsight, but we guys I mean we've been doing this forever In here and we look for that Okay, now the question is is this sustainable Okay, it's already pulled back right to 57 Okay, so if you're bullish in here, then that would be your entry on the pullback Right if you're bullish Okay, we can look at the trend line Bounce off of that It's in the trend line. It doesn't really matter. It's just like we kind of anticipate If if we're going to see a move to the upside in here around this little level in here We want to look at the order flow Let's see a few more questions in here Yeah, if you want to use delta for sure, uh, rajah, that that's absolutely I mean look the one thing that I would say in here is like, you know, the way that we look at indicators is to Not to Look for a signal from an indicator. It is a confluence So we read the order flow first and then we look at for it for the Additional insight from the indicator And that goes for all of them stops icebergs, whatever Okay, we can read the stops and icebergs right here on the chart So look at look at the iceberg buying down in here kind of interesting And Yeah, how many is that? So we're down here around 2,500 up to uh, yeah, so around 500 on this little area in here Okay, people getting stopped out in the way down stopped out in the way up a little bit Anyway to help out a bit more Uh, you know to look for like a prime setup here or prime order flow reading here Okay, well, we've been talking about it about Seeing on the bid, you know that we want to see them at a higher level We also want to see them pull on the offer. We want to see the aggressive buyers come in Okay, see how it's dark in here right now. They're down here at 53 and a half. They're up here at 58 Well price can move back and forth in here very easily Okay, so it's not a prime setup So this bullet if this is a bullish move to the upside in here. It's not a prime setup right now Okay, or it's not a prime order flow reading. I should say Okay, we want all pieces in here And here let's just uh, you know kind of adjust this trend line Yeah, see the aggressors are coming in They haven't made a higher high here They're they're not on the bid though. Okay, they may shoot right up into 62 here But we don't have all the pieces in here Okay, so in fact watch this sellers can very easily see how it's dark in here They can very easily drop it back down to like 55 or 53 53 and a half Okay, so don't get caught up in it Unless you the the market points towards something stronger via the order flow Uh, these are great questions. I keep them coming guys happy to answer them I did want to step back and look at the bigger picture here and go over Uh more it's the same reading though, uh, but I want to use the bigger picture Okay, so that you guys have something more to kind of um, uh lean on Okay, so look look at the aggressors, right? They're going to go right for that 62 it looks like uh, but um You know, we don't we just don't have the full picture here Watch sellers come in now and try to drop it right back down to maybe 56 55 Okay, and this is where sellers came in up here as well. This is another line that's pretty important here And we're getting buyers through it now see other bidding up underneath here This is what we want to see and we want to see all these buyers up here too Now the the thing is that you know, this is good It's a good reading, uh, however, look at the price structure All right, it's a little too high here Uh, unless we see it just a ton of buying in here, then we'd be looking for the continuation Okay, so uh, uh, yeah, I if we got it down in here Uh, and we had these green dots it looked great to carry it on up and then take some profit up in some of these areas here But seeing this in here up up at this area here. I don't like it like, uh We it's good to see the support, uh, you know on the bid here But it's just a little too lofty here And these guys can pull and sellers can drop drop it drop it right down into like 58 or 54 or whatever Yeah, so some of them in here they pulled Traded into 60 and a half here And then they're still trading lower, right? So see how we just kind of Kept away from it. We had our reasons to keep away from it due to the order flow That was the reading and the order flow Okay, we were looking for the move higher here, but we didn't have all the pieces So we knew that sellers could have come in in this area here and dropped it really quickly back down to here It's just not worth it You know, we look for the prime setup in here or the prime order flow reading And then we look for the continuation Uh to the upside here in in that case Uh, and your question on the delta so we can look at cvd In terms of delta here and we'll turn stops and icebergs off for a moment Okay, so and uh, yeah, I know a lot of traders like cvd. I I don't mind it Either I like it, but like I said, I just like it in context here Uh to use use this um in the context here So what kind of reading is it giving us in here? Yeah, you know, here's here's there is the divergence here. No no question Okay, there's there's still and then we saw see we didn't see how we didn't need cvd to read this We already knew this look at the buyers that came sellers, you know moved it down buyers came in here Buyers came in here. That's why we're looking for the move higher Uh, and we didn't have cvd on at that point Uh, huge diversions Hey, here look at this high higher high here or lower higher low here in cvd lower low in here or You know lower compared and um And then again here here's a lower low here in cvd is actually higher. Why? Why is there a divergence? It's because of all of this buying That's why this is simple as that Okay, and we already knew that Okay, so we're looking to see the sellers had control here. They they truly did Uh, they could have moved this lower They didn't Right, so we went with the opposite scenario and and then we started to talk about what that might look like And we're looking for that move up in here to 56. Okay, if we get buyers up in here Okay, they did it they moved to even higher and they're still Well, they still moved it higher Okay, now look at the sellers come in At the bottom here just to the bottom of the range here All right. Let's take a step back here. Um It's a set up exhaustion levels. Um Oh little Yeah, exhaustion is a pretty simple thing to read in book map You're just looking for or Something related to exhaustion at least would be like in here Buyers at the top here not too many up here, but there were some right? They could have moved it. They didn't We if they don't We look for the sellers to come back in the kind of the bottom of the range here like this Then they moved it. Here's the pullback to it and then the continuation here Okay, you know, I don't like going over the hindsight stuff. We we we want to do this in real time We want to capture those and now here's what potential strategies though. Okay, if you look for that Uh, then here's your pullback here to where it dropped from And you'd be looking to trade it down at least to the bottom of the range here Okay, that would that would be like a three point move or so Uh, it's not much but you know, you can take some profit there and hold for a runner All right, if you believe they're going to come back down into these lower levels here Due to here's your you know kind of semi exhaustion up in here Hope that answers your question Yes, that's right. Rajah. That's exactly what I look for or what we what we want to read in here Is weak tops and bottoms. It's uh in in your order flow even look at the profile in here This is a this is still a weak top up here Okay, so if we get enough buyers in here, we should be able to we should be able to blow through it Okay, this is a weak top because there's traders up here There's buyers up here. There's buyers up here. They made a lower high here So we need to see though, but if we can come back up here and get more buyers again We should get a breakout. We'd be looking for our original level back here 70 We're looking for it now here as well. We're looking for 70 Okay, so look at the profile and the profile all is doing is collecting all the volume uh from a level Or you know one price level across and just putting it into a profile Okay, here are buyers now. We're looking for a breakout 70 Okay, so how do you get in? How do you you know? Well, you jump in and you look for it. You're looking for the push higher here Okay, now do we have a prime setup or prime prime reading in here? It's a little bit better now, uh They're on the bid underneath here. Okay, so looking for the prep the push to continue here So, uh, uh, yeah, you know, we didn't really have it in here, right? They pulled they pulled that liquidity in here Although we were looking for it and we had our reasons due to the aggressor Okay, and we're looking at profile only here. So only transactions here. We're looking for that breakout Okay, we we got it now. Is it sustained though? All right. Well, let's zoom in. Are they on the bid? Yeah a little bit Hey, are we I mean you can see the the These are the responsive sellers selling it back into the mean here may be back down to about 56 57 or so Okay, well, we're still finding buyers here So Let's see them move it to Our 70 level basically still looking for higher liquidity up in here to be filled. They're on the bid underneath here This is this is looking better I like it. So let's see I like it here. I like the reaction to this here being buyers Okay, now let's see these guys at 67 pull and then I want to see the the buyers trade through that area here And we're not getting it Not getting it. We're getting sellers bring it back in. Let's get back up here again 66 Let's see if we can get our buyers Okay, now we got to cover the opposite scenario here Okay, they're on the bid at 64. What's the reaction to this here? See other reaction was sellers So this is this is not really prime, you know reading here Volume wise it is Heatmap wise it's not volume wise looks like a breakout And heatmap wise they're pulling down here. We didn't like it Okay, the buying continues and there they go and they're 70 just about 70 there they go All right Not the I mean we're looking for it um in terms of a setup or like, uh, you know a prime, uh order flow reading was a little tricky that wasn't the easiest but uh Uh, we had our reasons to think we might reach this 70 level. In fact, we had them over here and then We had the the sellers come in. I I thought I really did think they were going to drop it here into 50 and in below Because it was pretty strong selling in here All right buyers countered though and they they brought it back up We got our buyers again in here and we got our breakout so You're welcome. Oh little um Yeah, so, you know this uh, you look for these again and again and look for the variations in this again and again It's just this is how it works And what we're covering in here is is we try to be objective as possible The more objective we are with the reading and the condition of the market The more rational we stay the less emotional and The more that these seem to kind of work out. Uh, because we're just reading the condition here Uh, and understanding where price might go Uh, and uh, and try to keep it really simple here. Now that said Let's let's start to zoom out and let's look at higher time frames using the same principles that we just went over So, uh for you guys, uh in youtube with all these questions in here So who's in control in this market and where did they take control? Okay, from what you're looking at in this viewable chart right now So we're gonna we want to understand every level here Uh in in different time frames. So in the in these markets, as you guys know, they're fractal uh, so What we look at in a smaller time frame, you know fits into the bigger time frame the bigger time frame the higher time frame, etc It works on a monthly chart Okay, so let's actually we're you know, I usually demo this um in the direction of Yes, exactly raja sellers took control and they took control at the open here Here just after the open at 3880. This is exactly the answer beautiful Okay, they remain in control Okay in this time frame for for today a cash session Okay, and uh buyers are coming in Right and they just broke out a little bit here. Is it sustained? Uh, it's to be seen. Maybe it just pops its head above here And then we see sellers come in and maybe go for the high volume node or poc back down into here or just back down into this range Hey, just because like this is outside of value because sellers Have already demonstrated they are in control here that this is this is not Uh as valuable as uh, they thought previously this instrument Okay, so we look for this Okay, and we look for that sustainable kind of move that uh, and we look for trend continuation until we see Someone counter and we started to note that at the beginning of the webinar here It's like well, there's some buyers in here. There's some buyers in here. Okay, some more up here Let's see them break out into 70 one more push down And then the sellers typically what we see is this move continues But uh, we got some back and forth in here. We got buyers back up here. So we're looking for the break Okay, now they've only they've only come up to 70 though And they need if they if buyers are going to take control we need to see them come back up and test these guys up here at 80 And above So would you say they defend at the levels um to the left? Yeah, that's what you look for exactly Are they defending it? exactly And or do we see that not necessarily defense, but also just weakness on the offense or both Right, and that's what we read in the auction in the order flow Raja, you got it And uh, yeah, we do this all the time. I mean, this is this is what we do in our reading here But you know, it's these these nuances in here Is what gives us a lot of insight then we start to look at Stops and icebergs or cvd or whatever it might be sweeps Dx feed does provide Data for futures. So yep cl gc rb zb. Yep yogi Yeah, you should be able to um get all of those uh from dx feed We don't really know if um Raja who's exited or who's coming back in But what we can read though is like for example stops here This is a good example actually So we're looking for the breakout here. We got buyers up here, but let's let's understand what kind of buyers these are Up into the 70 level Okay, these are people exiting the market most likely exiting they could be buy stops to enter Hey, but usually typically it's a stop run Uh, and we see the spike here or the red line to the upside Okay, so if that is the case that a lot of these are stops up in here and there's quite a few in here There's like about 300. It's it's a pretty good reading. It's not It's not the best, but uh 300 is not bad Uh for this for for the es Uh, and you know, what does that mean then? Well, this move then here is really kind of a false move in in essence Is people getting stopped out of the market not entering to buy and try and try to bring this higher Okay, so uh, that's why we it's important to read some of these other nuances in here and look who's on the other side of it here Okay, so we see quite a few iceberg, uh selling up in this area here too So there's your relationship between the retail, um Uh traders here are getting stopped out and the larger players using iceberg orders to absorb the stops And just uh, you know kind of sad to see this, but this is just how the market works Uh Yeah, more iceberg buying here and then selling on on that which is kind of odd Nonetheless, this is just objective information here Don't know what I make of that SVP CVP are very simple Um to read them in here. Well, you just look at your uh, this is stands for chart range volume profile It just gives you the profile for the viewable range SVP is for the entire session When that when I opened up my book map And all of the transactions since then Okay, look at the buyers come in Okay, now, you know, we can talk about within ranges and and uh, uh look to see You know, like this here would have been a I I would have loved to have taken this But only up to about here like a scalp and then try to hold for a runner back up to 70 here Okay, here's why Okay, so this is kind of a trade within the structure, but I'm looking for it to move outside of the structure Okay, so this is another way to look at the market, right? So here's our structure and this kind of, um, you know, uh Down trend here, you know, kind of selling off here Uh, and then Then at the at this little range in here Well, we had some sellers here no sellers here buyers start to come in. Okay, cool But we're still within the structure. So I'm just looking for the top of that structure to test and then get out Right just very this looked pretty good that the buyers were going to do that because they had a lot of buying pressure in here But I'm not necessarily looking for that structure to break Okay, so that would be an easy one. I think does that make sense. Do you want me to go through that in more detail? Now you can use this on on small time frames high time frames. It doesn't matter Same same uh same concept though Okay, the runner I would have been stopped out at break even on it and looked even maybe even sell now Uh, that was an uncommon pattern. I don't really see this very often Well, you see it but like, you know, a lot of buying in here Followed by a lot of selling right after Maybe just try to upend each other. I mean these guys may be battling. I'm not really sure What what to make of that? It's not a whole lot You know, we're only talking about maybe a couple hundred so You know, we want the kind of the bigger picture here Like see how this is kind of it's it you can still see it, but this is more important down here Right, this is more important Down here Look at all that Okay. Well, here we go. Um buyers back up here. Can they break out of this here? All right Well, I'm looking for them to try to break out of it, but I don't like it It's not I'm not seeing again like a lot of support here on the bid Okay, they're pulling on the offer looks okay likely we'll we'll get the breakout 68 70, but I Very easily sellers can come in and drive it right back down to 62 or 61 Okay, so it's this that kind of day here and I it's not worth the risk Something changes then that's something else Okay, so now this is pretty simple This was all aggressor they that sellers could have come in here yet again Because it's dark underneath and they could have driven it driven it right back down to 62 or 61 However, I like seeing this kind of momentum or the buying starting to pick up. So I'm not looking for much here Just top of the structure. Okay. It's basically kind of There was a smaller structure here. There's a bigger structure here They were starting to break out of the smaller structure But just to take your profit to the top of a the bigger structure That's all that those are the details. It's it's um You know, it's not much Of a move here, but that's the the detail All right. Well, let's zoom out Let you guys let's go over. Let you know what we're going to kind of veer away here for just a second And we're going to come back to this. I want to look at the higher time frame Okay, so on the daily chart here on the left In the center, we have an hourly chart hourly bars. These are just simple candlestick Hourly bars for the cash. They're all for the cash session only. That's why you see the gaps Okay And and we have the 15 minute chart over here Okay, so a question on the daily here Who's in control? Okay in the order flow Who's moving the market? I'm going to keep it real simple Thanks, Doug Doug's looking at that and he's over in discord guys if you want to jump over to discord as well We have a great community over there um with people like dug tom b um God we got all sorts of guys in here Burt um Slow down as a new he's kind of new new in here, but uh Yeah, we have all sorts of guys in here, uh alec um and um Boy, I mean, I'm sorry. I just kind of come to a blank at the moment, but I mean the list is rather rather long Um matt another one. Um matt's kind of new as well. Um, yeah, so they're answering the question Sellers are in control Right raja, right, uh, marvin. Okay, so take a look at The structure In this chart and look at the order flow within this chart So now I it's not much of a chart and I don't like these charts But it's just a simple candlestick and that's what I want to cover. This is our trader pro Uh, and it's very basic and that's that's why we use it because it's very basic and I have access to it Uh, but where would you think? Based on this, um That sellers took control from this market So we're not gonna we're not don't worry about um volume profile Don't worry about anything else in here. Just where where do you think they took control? Okay, and it's and it's not it's a complex answer. There could be multiple answers But one does stick out pretty good Yeah, I would agree up in here. Um, you know, you see the big move down Right, this is where it kind of kicked off and I don't I just don't have other data in here We can go look at six months back and and look at a little bit more in here But uh, yeah, this actually looks pretty good even in here Um with six months back Okay, this is a good area. Look at the move here a couple days big days down Uh, and then some back and forth, but it's still held lower Okay, so sellers are in control from about this point onward So 4500 roughly 4500 matt exactly All right, so we're using the same process in here now. This is this is order flow sellers They're just you know able to make it down to where buyers were in control at this point here after this little bump and this move higher Okay, and they're in and look at price did down here It went back and forth for several days Kind of volatile in here big swings on this on these days here back and forth Okay, well sellers won the battle now. Look how they won the battle though here here this candle here Okay, we can get down to the Three month here at that point Yikes, I think hold on What day is this? May 8th Okay May Eighth. Yeah, got it or my ninth So this is where sellers came in and look how they took control though Right. It's not it's not that big red candle. It's it's not bad But it's it's a lot smaller in some of the other ones So look at the back and forth in here Right. Look at the buyers in here And retested kind of where You know it dropped from well, they kind of retested back up into this kind of range in here Uh, and then Now here's here's a really good one though. Where did sellers take control here? Okay in june. Okay june starts around here Okay, and it ends right around here. Where did sellers take control? Okay, well right in here So around 41 20 Hey, even 40 just 41 basically All right, so look at now this this is a lot stronger move than this one over here All right, so you would kind of anticipate buyers to fight back in here here Buyers don't fight back Hey, they they're starting to in here Hey, but sellers still remain firmly in control. No question All right, so and and buyers can't even reach back up here yet Okay, they may they may but we don't see it yet Right, so question would be what will we look for here? Okay right in this area here around the 39 35 or or so We'd look for buyers Okay, now we can take this to to the smaller time frame All right, so we know that sellers in control So bigger picture sellers are in control. Do you want to remain? Uh bullish or bearish Okay, well, we're looking, you know, uh, we're going to look at the order flow at these key levels in here Here's buyers trying to regain control and they gave they got a little bit out of it But look look how the sellers came back and countered right back down into where they bought Okay, but buyers are back again buying now look at the condition of the buying in here It took several days where it took one day to drop it like that Several days to come back up here All right, so this order flow in here Okay, and I kind of hate to call it order flow, but it The concept is the same This this these moves took it took several days to get back up here And they didn't even they didn't even make it up to the the swing Okay up here Uh, so this is bearish So seeing this come in today, uh, I would actually be looking for Uh The uh bearish to try to trade right back down uh to to this like 3750 area down here Okay, where there was previously buyers Okay on the daily chart so for your day Maybe you're you're bearish Okay, so you're looking for that continuation Okay, maybe from the previous uh last week in here Maybe it just for the day it comes down and retest right here The swing right here All right, so our 38 30 area here something like that All right, so really really simple here now. This is um The the daily chart All right, and we're starting to understand who's in control on these time frames Now markets are fractal. We'll go to the hourly chart here and look at the volatility back and forth Okay, so do we do we still have that same bias in here on the hourly? Uh, and um Uh, let's take a look. Well, this is where buyers leaped and and took control from this hourly But look how the sellers come right back in and pound on it Okay, so we're we're just seeing it back and forth in here On this hourly, okay Here's uh The the move to the downside. Here's the gap Consolidation the breakout buyers did take control here on this time frame Uh sellers bring it right back down and they they bring it back down to the bottom of this range here And then we found some buyers And then yet again here, um What day is this here? Not sure what day it is 20 28th 20 or 29th something like that Uh, and anyway point is like, uh We come back down to the bottom of the range and we're still finding buyers in here Okay, but only down in here, you know to try to move this back up They do they successfully moved it back up and we see buyers kind of counter it here again Now pretty strong buying here pretty strong selling here. It's not giving us much Okay, the hourly chart here is not giving us much All right, so Where where did we think it's going to go in here? Well, we we can see the gap in here Uh, and we see the down day here for the first few hours So, yeah, maybe they can continue a little bit lower to try to find these buyers at a lower level here So around 38 25 Okay, so let's mark it up. Let's just uh, uh, you know look for that as being a potential target Okay, same ideas that we're looking at on book map Let's see drawing and horizontal and 38 35 right, okay So, yeah, maybe we'll get a move to there. Maybe maybe even a little bit lower maybe to about here and something like that Somewhere around in here All right, so now you have a plan based on who's been in control Okay, now this plan on the day on this hourly chart is not so good Okay, recognize that This isn't this isn't so strong in here. There's buyers. There's sellers. There's buyers. There's sellers Okay, so uh, we want to understand that this context in here. Let's look at the 15 minute chart Okay, so we're on the daily chart We have a bearish slant overall On the on the hourly chart. It's really back and forth in here on the 15 minute We see these moves higher moves higher. This is from uh, uh on the fifth here or Yeah on the fifth and uh, uh, yeah Look up in these areas in here. See that some some strong buying countered by sellers Not so strong in here countered by some sellers at the close here Last friday and then now we have our gap All right, so and we're seeing sellers and we're seeing sellers below this range in here All right, so yeah, I I'd be looking for sellers to retest the the on this time frame I'm looking for sellers to and it goes in line with the We're we're kind of not getting much out of the hourly. We're getting something out of the daily though a bit And then on the um on the 15 minute chart Yeah, we're sellers, you know, we we already know from the day here sellers took control We're looking to see if they can continue Down to 3850 Uh to retest that and then try to break it back down into I really like this area here around 3840 Okay, so in fact, let's just make this one 3840 as well No, I'll leave it here at 35. I I like it Okay here though. I want to look at 3840 Okay That looks pretty good. I'm I'm just looking for sellers to reach back down to there Okay, based off of the the aggressors in here, right? Now the aggressors is all we can read And and we're reading aggregated data within a time period here All right, now we got to cover the other side here What if what if we see a ton of buying a ton of icebergs on the buy side? And then we start to see like the move higher. Okay, well, we'll cover that Okay. Well, then we'd be looking for a gap fill up here. There's a few different areas to take a look 3900 Yeah, that looks good And then this is where it broke from so the first thing would be to retest back up to here Which would be 3880 horizontal line 3880 There we go all right So we got a pretty big range And it's been really kind of back and forth in here from that hourly So On on the 15 minute though, we see the the the move away from this previous area So I'm still looking to try to see if we can retest down here And that would be the bias This isn't bad either. You can see the These swings up here and it's kind of bouncing off of that but Yeah, still it's still want to see it lower basically All right So anyway now we've looked at the higher time frame using the same process of order flow That's the key Okay, this is pretty simple stuff. Uh, it's not complex. It's not, uh, you know Elliott wave or You know, why cough stuff is pretty pretty simple Same ideas actually a very simple similar ideas about accumulation distribution markup and markdown Same ideas basically in here that we're looking at but Now we're going to apply it to and and then get the confirmation of these moves in book map Okay from the order flow. Okay, we're kind of Piecing together the order flow as best we can with the information that we see here And book map is going to confirm the direction now. All right, so let's jump in And you can see it like it's just been a mess here Uh, it's been totally back and forth All right, so we we did get our movement up into 70 Sellers came back in buyers come back in again, right? So we're not really seeing much here Uh, right now okay, so Yeah, there's there's really nothing nothing based on that that analysis here. We what we what we need to see here Uh, basically is um, yeah This maybe there's a potential opportunity up here right now Let's take a look here. Okay 60 64 63 somewhere around in here. See how the buyers are coming in Okay, what we're looking for is uh some sellers or some exhaustion here on the buy side Here we go. There's some here's some selling. All right sellers. You should be able to drop it right back down to here 61 or yeah 61 and a half here Okay, here's here's some of exhaustion Okay, well all it did was come back down to 62 and a half And we still got buyers here Okay, so yeah, it's not ready yet They're still buying Okay, we thought maybe this exhaustion here. Maybe we'd get get the move back down to about 61 and a half Let's see if we get it now Okay, some pretty good selling. Here we go All right sellers, let's see it. There's our on the on the offer see that on the offer See them pulling on the bid see the sellers. All right, we should get our move down to 61 Our liquidity down here Okay, buyers came back in at 62 or on the bid here at 62 And they're pulling back at 64. It's it's still back and forth in here Still back and forth guys So yeah, sorry trying to trying to extrapolate our higher time frame and and then the current order flow in here Uh and uh and put the pieces together. It's just not ready quite yet You know, we see some selling we see some buying we you know, it's it's It's been that way, uh the entire session here Okay, except for this move here sellers still firmly in control. Okay, everything else in here has been really back and forth Okay, still for all of those reasons though and for our higher time frame analysis in here Okay, we have a bias here Uh looking for sellers try to drive it down into our level Okay, not the greatest. Um, it's not the you know, kind of prime Uh reading in here the hourly charts all over the place Uh 15 minute charts not the greatest either I do like them trying to pull away from this area up here though And they they've done that So I want to see the continuation and we're not getting it. We're not getting continuation to the downside yet All right guys. Well, anyway, um, I hope hope that was helpful Let me try to catch up with some of these questions in here Raja, let's see Yeah, Raja, I think you you've you've got it down. You you you understand what I'm uh We're going over here. Uh sounds like The expanded candles the expanded candles is no different than this kind of move in here or like this kind of move in here They're trying to move it away from an area But see see how like uh in here. This is what we have to be kind of careful of is like Yeah, this looks great and we have even more selling down here. It looks great Uh, look where the the seller's got upended and watch the stop run here to the upside here, right? So there's a trap here And and the trap is set here Okay, and the buyer's coming in here Right now. We don't see too many stops. We just had a nice little stop run now Which makes sense back up into top of these ranges in here um, so Let's see if we can get a little bit more Anyway, we're trying to go with a you know, we're trying to get a Something that is higher probability in here in order flow Uh, and looking at our higher timeframes Uh, and then looking at what we're we know what to look for in the lower time frame in book map Okay, and and that will be an edge that will be helpful Okay, so if we do see sellers in here, I'm looking for them to trade right back down to 61 where they just broke out from They're they're trying to Uh, sorry rasha. I can't keep up with the your questions in here about 3,800 Um, but uh just by covering all that stuff there on the higher time frame Anyway, we'll we'll we'll I'll get we'll get back into it Uh, thanks ricky. I appreciate that. Um Johannes, uh, you're new here. Nice. Uh, we do these streams every day Uh, three days a week. Uh, this is the live forward looking analysis Uh, and then uh, we have live trading uh, two days a week j trader and scott polsini And then tom b Monday through wednesday volume profile trader Immediately after this webinar at 11 30. So in another 15 minutes tom will start Hey, and he'll go over volume profile Right instead of like, you know, who's in control and and you know what we're looking at in terms of order flow He'll be looking at these profiles in here Uh, and then uh, putting the the order flow together via the profile Okay, so many ways to slice and dice the market Can we go over stops and icebergs? Yeah, sure. Um, so, uh Icebergs are Larger players They're using iceberg orders Or hidden orders and these are native ones to the cme exchange Uh, and the reason that they're using them Uh, is that they don't want to show their liquidity in the order book. They think it would scare price away Okay, so what are they doing? Uh, they're hiding their liquidity. It trades But it's not seen in the order book All right, so that gives us some insight to where larger players are dealing Okay, uh, that's it. Uh, and it's this blue line down here. We also have the on chart here Indicator And let's take a look at that Uh, bill jinn, um Are the charts without eth? Um, yeah, I I'm I'm The uh, the candlestick charts. Yes, those are just cash Session that's why you had the gaps in there. Uh, the um book map chart. I I have data going back to I don't know around 12 or or or maybe 8 o'clock. Let's take a look Yeah, since 8 o'clock, um Yesterday 8 p.m All right. All right. So we've got stops and icebergs up on chart as well. Let me filter these a bit I really like the way we filter these. Um, you can, um Use this automatic threshold in here Okay, I'm not going to cover that right now. Uh, I want to just go over the reading here Okay, so you can see I kind of had to reset this in here So we're looking at a filter of 44 above in terms of stops Uh, and then in terms of icebergs, uh 46 and above. Okay, otherwise don't display it Um, and it's actually you can just we can display it, but it's like kind of a trans semi-transparent in here Okay, so we're just looking for bigger, uh transactions. Here's an iceberg down here Okay, this is the kind of insight you can get like this is amazing like here this this Trader here got filled here um With 563 it's just just on one order or Yeah, one transaction looks like so this is a bigger player. No no question right and he's still here providing liquidity That's hidden I so I guess it's not high. It's not providing. He's not providing anything. Uh, it was that we can read him here Okay, so let's move on, uh, and Yeah, in the bottom chart here, um stops and icebergs. These are my settings here I like the summation here. I don't like looking at the spikes You can look at the spikes using these other settings in here Sliding is what I recommend if you do do that, but you can see my axes here. They are not aligned So it's just give me reference in here. You can see the axis here for the stops is different from the icebergs That's okay I just want to see the bigger moves in here and then compare them And and have a reference. I understand if what's a bigger move here, uh in terms of stops and and um To itself and then icebergs to itself. Okay, so all of this little nibbling in here for icebergs is rather meaningless compared to the bigger Um, uh liquidity down here where they they bought quite a bit Okay, which you know had had an impact on the market There's high liquidity got icebergs and we were looking for the continuation down here And we covered the opposite if we get our buyers to come in And then you know looking for higher liquidity on the on the other side as well as uh, uh, some of these swings in here Uh, even this um buying in here though Overall, there's there's more selling in here. I believe let's let's just double check that with our cvd Boy By there's there's quite a bit of buying coming in here too Okay, still more sellers though from from the get-go Anyway guys, we're looking for a really good move After all of this consolidation in here something's going to break and it's going to be pretty good Okay, so here their sellers retesting the top of this range Okay, so let's go over another concept in here and we can look for it in the order flow And this is where we we said the trap was set and we're looking for stops above Now we have another trap set and we're looking for Stops to the downside below back down into this area here Okay, so let how do we read that? Well, let's go in here. Okay. They're on the offer here. That's good Do we see sellers here? Not there's some it's not so great. Do we see buyers in here? There's some so we don't really have too much Here at the moment and there's quite a bit of buying or you know buyers here on the bid between 61 and 60 Hey, so we don't really have too much for that Reading we're really not looking for the breakdown here Right, so this move back up, you know make makes it just back up into the range here now See how dark it is underneath here We've made it back to the range watch the sellers come in and try to move it right back down to here where they broke out from Okay, so around the 63 area here and there's they're not really too interested in this liquidity here at 65 Now they're more interested now Okay, we got some buyers. We got a flip of the little bit of a flip of the order book Okay, this leaves the door open actually for buyers to reach higher here Let's see if they go for it Yeah, it's it's pretty back and forth in here. I you know, we're not really seeing too much in terms of this lower time frame order flow Okay, so what's what's the kind of overall reading then? Well, we're not getting too much out of it You know, what's the overall reading from from this these three charts in here Well, we outline the two different scenarios in here and we're not getting really either yet Okay, this is kind of chopping around in here waiting for something to move Okay, here's our sellers here at 62 Or 63 I like this one actually I'm looking to see if we can see the sellers drop it now Let's see if we get sellers down here more At 61 there they go. Okay. All right. So now this is that potential trap Okay, we got the buyers up here. We've got sellers coming back in. We're looking for this this rectangle here Looking see if the sellers can drop it back down to uh 58 and then deck down to the bottom of the range here at 55 Okay, yeah, I I like it. Um, let's just let's zoom in a little bit more here They're on the offer here. That's good We're not seeing a whole bunch of buyers here. Let's see if we get a bit more sellers Yep All right sellers, you got it here if you want it. Let's see if they go for it here Looking for more sellers here at 61 And then the push through Don't like that. It's still kind of dark up here But still looking for sellers here nonetheless Is it high is it that prime? Uh set up it's still we're really it it's it's not yet Uh, it might be let's see if these uh more sellers on the on the offer here And let's see if we get more sellers here. There they go seven at 60 and a half Yeah, you know, I mean we're looking for it, but it Yeah, I I would stay away from it and it's not worth the risk But I'm looking for it to drop the order flow reading would be for the drop here now in in terms of You know order flow reading here. We we noted like it doesn't have all the pieces Um, but we're still looking for it So this would be up to yourself about trade management Like if you're going to be taking prime order flow reading, um Readings and then and then parlaying that into a strategy for yourself Uh, then uh, uh, you know, you can quantify it When it's Not a prime reading in here Well, you you might consider Uh, then Playing around with the uh, uh, your your your account management and your your trade management That you'd you'd be looking for it to work, but it's not prime. So don't put a full amount on it You know, so that's a that's and then also manage it very closely Okay, so for example, you see the selling coming in like in here and you you're looking for the move Well, you would have been stopped out Okay, but not for much and maybe up here and you're out Okay, or maybe even moved it to break even it's it should work here right now And then don't don't have these losses add up, you know So, I mean these are just considerations. You this is really something you've got to put together for yourself Um book map is just the platform All right, there are many different ways to slice and dice it So that uh, those elements are are up to you guys. We'll go we'll cover them. We'll answer questions on it uh, but uh You know, it's not a prime reading All right, so we'll we'll veer away from it Uh, and then uh, but you can still you know look for something uh, and maybe scalp a few points and and um and get out et cetera Okay buyers come back in Still really dark underneath here sellers can bring it right back down to 63 very easily maybe even further 61 and a 62 61 and a half Uh, let's see here some more questions. Uh brady using book map classic order flow volume profile Market profile. You love it. You're scalping excellent. Um gives you the freedom you want. Yeah, that's great I mean like uh, I mean, I think like we you know, we've been covering this like uh Like looking for something that gives us more insight More clarity if we don't get it Then we just stay away and we noted that many times today Okay, and we we didn't really have that clarity Now there was a few that were a little bit better than others, but um, you know like this this down here We noted like yeah, it's not prime, but it should I like the selling that's coming in they're trying to move it away from this area and try to get down into this This other rectangle here. They couldn't do it. Uh buyers countered uh, and um, uh now, you know These sellers in here are likely to get the squeeze Back up into 67 and maybe 70 again But hey, yeah, I would say the same thing by looking at this same thing. Look at they're selling down here Looking for the continuation Right trying to align this with our bigger picture and our higher time frame It made a lower high Well, it made a higher low down here too but uh Anyway, you know we're trying to look for something that gives us an edge And just not getting much today Uh, let's see here more questions. Uh, CVP SVP High areas at 63 orders came in and that's The alignment we are looking for in the pullback um Yeah, I'm not not sure I quite follow you on that. Um, you in in here when we're looking for this directional move to kind of follow through Yeah, I mean, you know, we're looking to see if we can get More volume back down below here and then reach back down to probably this profile or or bottom of the range Here, uh, and then you know, then we can go for for lower Lower the day Etc In the live area right now In the live area right now, it's it's still it's just back and forth. We're we're still back at it here selling's good Buying is pretty good. Just bashing back and forth within this range here I want to see it drop below the range in continuation here. Now if you're a range bound trader Yeah, maybe you're just doing great today You know, so you're not you're looking for something else. You're you're not looking for And you know hear me out on this like so what you're you're not looking for a good reading on the order flow Okay, you're looking for a kind of a confusion in the order flow Okay, if you get that well, then that that might be a really good range bound strategy You know now do you just have to be really careful because You know, you're looking for something that's not giving you a signal basically Okay, so like in here. What's the reading up and up in here? Yeah, this would be this would be a good good I good example Not really seeing it. Okay. Well, then then looking for a move back down to here 63 So, you know, if that's the case, you'd probably get in probably around here 65 66 and a half or something and and then only looking to Sculpt it down to the middle of the range here Okay, now that said One thing that you can look at here Is you're scalping the outside range into the middle and we've covered this strategy Is you're looking then for the reading in the order flow The continuation back down to here and then maybe the bigger move So what we're doing though is scalping to the middle Covering and then looking for the bigger move Make sense? Okay, so this played out already pretty nicely. You would cover some already Okay, but you would hold And you're looking for now The bigger move move back down to The bigger move move back down to bottom of the or low of the day As well as your higher time frame Down here. Well, 3850 is that low. Maybe you can go back down to 40 as well Okay, makes sense. So again, so many different ways to look at this. We know sellers are in control Okay for the day And we're looking for that alignment with the higher time frame, which we have And then here's top of the range nothing in the range Or nothing in the order flow telling us it's going to break out So we're looking for a move back into the middle of the range cover And then hold for a runner if you can Yeah, dr. Dr. Moomoo. Yeah, exactly. This is When you when you don't have this Um, you know kind of clarity, but but you can still use it to your edge To your advantage, you know, it depends on what you're trading Or how you're trading what your strategy? It sounds like you're you're uh, You've got something working quite well. That's good. The the um Yeah, I mean, I like it when the Order flow sets up and it tells us something like you know The market participants want to move it in a certain way and it's got fuel behind it with people that are caught in the wrong side And we're looking for the follow through you know, so Uh, and I like the order flow to tell me that today there's been a lot of not telling us much But it's been pretty good for some range bound trades And we're set up for if it does tell us we're already set up Right in this one for example So we'll see if we get follow through All right. All right, guys. Well, we covered a lot of different points in here. Uh, we went through Uh, reading the order flow on higher time frames lower time frames Uh, and what to look for in the order flow at specific levels Uh, keeping it really simple and objective Um, and then we also covered when we don't see something, uh, these can be potentially good good range bound, uh You know readings in here, uh for the Just back and forth to continue so Anyway, guys, let's let's leave it at that if you guys if you like this, uh, please give a thumbs up in there in YouTube, uh, this is what helps us Do more and more of these and continue doing these So it's not asking for much You know subscribe to the channel And give us a thumbs up This Really helps us continue And and do this and we want to grow Into, uh, you know a trader network We're already growing. Uh, we already have it, you know, we've got Um, a j trader like looking at pullbacks strategies as well as other strategies and we've got scoppelsini looking for directional moves, uh and Specific levels and he's looking at stops and icebergs to give him a lot of insight on those and then these kind of Very simple, uh order flow readings in here So we want to add more guys in here. Let me let me show you something on youtube, for example that You may find helpful Okay, so it's our educational course. We'll we'll scroll down a little bit lower here and um It's under bonus materials here Bookmap educational course click on view Full playlist here Okay, there's four parts here. Just start off with part one and part two. They're an hour long each Uh, you can even speed them up and you know, look at it two two times the speed Uh, but this is really this sets a very nice foundation of understanding what book map is showing and how to read it Okay, put everything else on the back burner Uh And uh, you know keep it in mind, but like not you know for later We've your way of trading back into it after watching these I think you'll find that very helpful because it'll help you with your higher time frame strategy or lower time frame strategy all right, so That's um, uh the idea So that you can apply it to any type of trading method. So, you know, here's our Look at this move. I mean guys, you know, we're we're trying And we're really trying you know to try to hold on to this looking for that move and that continuation Well, it it made it down to 59 and that's as far as it went Uh, and then it's right back in the middle of the range here. So we're not getting much out of it here today Uh, we were looking to maybe get in here trade it back down take some and then Uh, you know try to hold it and now you'd be if you're trying to hold that for that bigger move It well, it's up to you like uh, I I'd probably take my stop here And look for the next setup Or you could have another consideration in here. Uh, and uh, let's just go through a very simple way Uh, here's where we took some off Okay, so we've got in Let's edit this one Okay, we got in we took some off there with that rectangle this rectangle here This is where your overall stop would be up here and it would be break even now So right now, there you go. You would have been stopped out at break even overall Okay, so you didn't lose anything here or maybe took plus one or would or two Whatever it is to to cover your costs. So it's a truly truly a break even uh trade Okay, so uh, that's one way to consider but you held it looking for the bigger move Okay, or another one was you take your partial Uh and looking for the bigger move and you got so you made some profit and on the next one you got stopped out at break even Okay, another one is like maybe you're just totally looking for the range bound trade Uh, and that would be the bottom of the range right here Uh around 60 And you would have been filled and out of the market And that's that Okay, so you you made uh from Um 66 to 63 so you made three points and then 63 down to 60 Uh, you made another three points and that's it Okay, so or i'm sorry six points So you made three and then you made six, uh, and then you're you're out Uh, you would have missed the bigger move if it continued So it's up to you. You know how you want to manage that On a day like today All right guys. Yeah playing ping pong. Uh, dr. Moo Moo And uh, uh, yeah, uh, thanks brian. Uh, you subscribe excellent. Thanks for the thumbs up Uh, thanks everybody. We'll do it again, uh tomorrow and stay tuned. I think this video here will um redirect you right to Uh tom b's stream looking at volume profile And you can take this further. Okay Thanks guys. We'll see you tomorrow. Take care