 All right, good afternoon traders and let's Jump right in here. We'll go through the volume access now. We've been doing these afternoon sessions Here easy to say You know to go over a Lot of things that you've requested So you know the heat map how to relate to candlesticks, etc and We'll continue to do these as long as they're creating some value for you guys and we have a nice recording afterwards So let's jump in and we'll go through it here The gotta go through the disclosures general disclosure all book map limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations With a risk disclosure trading futures equities and digital currencies Involves the stanchal risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results alright So Let's jump in and see what's going on here Looking at the S&P and boy. What a day crazy price action If you saw the webinar earlier today and all over the place so Higher time frame though. We are below that 42 50 area now What does the volume tell us or what are the volume dots in the first place? Well, you know, there's only three We'll close up the indicator panel. There's only three elements on this book map chart and These three elements are volume the dots here Showing the aggressors the market buy and sell orders the heat map which we covered last time Which is the liquidity all derived from the order book the current order book and current market But then projected historically on the chart. So you can see these areas where there's buying interest buyers down here As you can see around this 1125 area and and bidding up and 11 Or I'm sorry at 1125 but 42 25 and 42 30 And then we also have best bid and offer on here. All right, so just three elements on this book map chart And we can take each one off here And and show you that the the best bid and offer here And and that's just giving you the insight to the price structure or the price action Now the second element here are the volume bars and we'll also add the volume dots the The volume dots here show the aggressor very very simply This is the market buy and market sell orders. Let's zoom in here, and I'll show you what I mean Okay, this is all based off of our education And our educational course so our best bid and offers here the best offer is the red line The best bid is the green line And that's the you know that the level one information here Now a green dot is a market buy order. They cross the spread and They're Transacting and taking liquidity off of the best the best offer here Okay, so these are the traders that can move the market In fact the best offer maybe it comes up here way up here, you know several ticks away or maybe way up here There needs to be an aggressor that takes the other side of that trade and they cross the spread The spread could be very wide with the s&p e-mini here. You can see it's one tick wide Sometimes you'll see it widen out to a few more than than that in the current market, but very rarely Here you can see the Down at microsecond level or yeah microsecond level here. There is a bit of a spread It was two ticks for a very short period very very short period. That's how quickly it's filling in All right, so anyway the point is that It is the aggressor here crossing that spread that makes the next price point Okay, so in this case the next price point was the same price point here By the aggressors. Okay, these are market buy orders The best offer went up a tick But the next transaction was a market sell order, but at the same price level Okay, so price didn't move, but the best bid and offer did and this is when you'll see like in your time in sales Floating by that the You'll see a change in the color, but not the price level All right, so let's see we have some questions immediately here From Wall Street Warlord, can we locate? Look my user group online Yeah, I mean you can reach out on our forum and You can also reach out on our discord room For for anything that that you're looking for What is the mathematical equation that creates the bubble size Well, these are simply from the the data data provider here Okay, but the size of the trade Is what gives the reference here like a bigger dot here This is a market buy order, but it's bigger than this other market buy order here So we can use this data tip tool to hover over or look in the lower left hand corner to get insight here So this was for three transactions of three. This is also three, but this one here is one Right, so that's what it's showing Okay, and the and then we have another one here and that's also for a transaction of one. That's a market sell All right, and that's it. So the let's just zoom out a little bit more And start to understand some things All right, so you can see this like I said this kind of reference to And the color here We know these are market sells because they're hitting the bid and they're taking price lower The size of the dots is what gives the volume reference here To the other dots in here. So this is a lot more selling compared to the buying in here, right? so we have a reference And in fact the buyers take it a little bit higher back up to here again, however, the sellers in this little move here Basically remain in control because the the buyers aren't able to take it back up above Okay, so this is just understanding micro structure in here, but all of this kind of stuff matters And we start to zoom out on higher time frames. It is the same stuff All right. So anyway, now we know what these dots are Market market sell orders or the red dots market buy orders are the green dots and again, they move price Okay, if they take another Enough liquidity off of the best offer for example, they will move price up now What also helps the movement here is the other side of the trade where are they providing liquidity? Right, but is is these guys actually move the price? All right, technically okay, so let's just now we know what it is and We we know what the reference is here too. Okay, so when we look at at You know volume that is Relative volume well, we can see that there's more sellers here in this move here or in this view here And they're moving price lower Okay, so pretty pretty simple the There's all sorts of settings in here though that we need to go through And start to understand it. So let's jump into that go up to studies configuration here And click on volume dots now There's another another way to get to it as well You can just right click on the volume dots and go to volume dot settings here Okay, you'll find you can use that with many other Items as well. Okay, so now in the volume dots settings. Well, first, let's go through the volume Display options here. We can look at two two dimensional dots. We can look at 3d bubbles We can look at total volume now. This is important here This is what we've had for for many many years total volume And what that is showing Is you know every single transaction and there's so many transactions in some of these markets like the S&P many That we we zoom in here and you'll see these pie displays Okay, it's a volume dot and you can see the majority of it here For example is buying three about two-thirds of it is buying and about a third of it is selling Okay, based on the color of this one dot here now watch when I zoom in And when I zoom in This is a pie display because it's all aggregated within one bigger dot and That was the way we displayed it and I zoom in I'm going to be pulling apart each individual transaction Okay, you can still see a pie display right here on this one. I zoom in a little bit more Then I see every single transaction Okay, so that's total volume and Now let's go through another option here if we go back up here and we look at volume delta Okay, this is the the default display that we're showing and volume delta it just so you know, it's not total volume It is by minus cell right, but it still gives you the the reference here and The Dot is going to be one color or another and that's it All right, so it's either going to be green or red because it's by minus cell So let's say there's five thousand or let's say there's five hundred that trade that are buys and there's 499 that ourselves well then it's going to show a Green dot of just size one right because that is the the delta All right, so just so you understand the difference between the two but the Volume reference here is still the same. Okay, there's more selling here compared to buying Right, so and that's what we're looking for is trying to understand Who's in control and who's moving these markets and the clarity with the volume delta is very nice And you can see them just hitting the bid here pretty hard a little bit of a pause or pull back And then hitting the bid hard again, right? So the total volume might be a little harder to read It's up to you. Whatever you'd like to look at it doesn't matter Okay, so that's setting on the display The size this is very easy to understand you can make the size bigger or smaller based on the slider here You can also display it up here if you like And you see if I move that slider it also moves the slider down here, right? So that's the the slider on the on the toolbar or in the settings The clustering let's go over the clustering and what exactly is this right? Well, so let's go through each one We'll go through smart the Last year we'll go with none to begin with okay, so there's no clustering. Well, that's easy So what's clustering? All right, so let's move on to the next one by time And we'll look at one minute is fine if we maybe zoom in a little bit Yeah, let's do that Okay, so now between each vertical dotted line I have one minute here And let's make the size bigger so we can see this so on the vertical dotted line Since it's one minute divided up right now by one minute. You can see there's a dot at one minute And and that's it. It's showing all the volume between this last period here and this period here And then display it here now. Why is it off of best bid and offer? Okay, because it's showing the VWAP of this last minute of volume So it's not just showing the last transaction and where it took place We can see that here. Well, what was the where was the overall volume here? Because it's gonna have to be aggregated within this one minute period and we're gonna we're gonna display it as a VWAP and here It is right here. All right, so you can hover over again using this tool and it will tell you the price as well the price level and You can see it's here at 42 32 all right All right, so that's the Clustering by by time and let's go on to the next one by volume This one is a lot of traders don't care about time. It's mark. It's all about events therefore, they're looking at volume clustered by the The amount of volume so if we put in 500 for example, okay, let's zoom out a little bit So every time 500 transact Start a new period and when that trans acts in that period and start a new period Okay, this is a really good way of starting to understand where heavy volume is happening And let's make the dot size a little bit a little bit lower and let's zoom out a little bit more All right, so yeah, here we have it, you know, all of the dots are gonna be the basically the same size they have to be I'm sorry, they They don't have to be and here's why They can aggregate together right so here's to that traded very very quickly But they can aggregate together if we hover over this now you can see it's for a volume of a thousand All right, so it's still gonna be a 500 period followed by another 500 period But they will aggregate together. Okay, so here this should be 1500 now and it is if I hover over it you can see it down here All right, so the volume dots are all the same size But you'll just see some sort of aggregation when you start to zoom in and and contract that timeline All right So and this gives you a good feel here. We can lower the size a little bit of what's going on with the These periods here of 500 right so a lot of traders like this kind of view So let's move on to the next one is the smart clustering Okay, so we can now cover this one because basically the smart clustering is a combination of time and volume Okay, and there's a slider here. I use the smart clustering. It is the default In fact, if we go to the default right here, you you'll see it the smart clustering is right in the middle The size is this size. It's a 3d bubbles and volume Delta Transparency is about 50% right, so that's the But the clustering a default is right in the middle here for smart Okay, now the smart clustering it it's just that combination. It has like a sphere of influence around it Based on time and volume. It's kind of like water droplets when a water droplet gets rather close to another one It kind of sucks it in and makes it into a bigger Water droplet right so the same thing will kind of happen here when we zoom out We start to pull those away, but we zoom back in you'll see how see how these kind of act like It starts to come around this by time and volume It's kind of like gravity of a planet or something and then it starts to aggregate them together All right, that's what the clustering does okay So that should simplify it to cut take away some of those smaller transactions because those can be rather meaningless We're looking for the overall right where who's really in control and moving this market And the clustering can do a nice job there. All right, so Now I actually like to bring down the clustering I like it on just a little bit But I like to look at all the transactions The reason that that I prefer that kind of setting Is because I want to see this steady strong movement away from an area It's something that I studied or you know, I look at that's the way that I trade Okay, a lot of traders. They're not they don't worry about that whatsoever. So they like lots of clustering so if we go up to Studies configuration and bring that clustering up even higher So they just want to see like those those big transactions and that's it Right that strong consistent move Although it's not bad in here on this one, you know, they're just more worried about the the larger transactions Okay, now look what happens if I go all the way to the right-hand side. I only get one dot And again, it is off of best bid and offer and it's on the VWAP here Okay, so it's clustered everything one big sphere of influence into this one big dot here All right. So anyway, that's the way the clustering works Let me know if you have any questions on on the clustering here. So I Will move on to the next one Okay In fact, I may if I move this all the way back even on smart here all the way back to zero Basically, it means clustering is off. Okay, that that's the way that the slider will work here for smart It's the same as none basically okay Inherit bars and apply to bars. All right, so we can go over that in a minute But I want to move on to the next one. This is minimum displayed volume and what this is showing in here Is a little bit complex. We'll go over the next one and then it will come back to it Minimum trade size. This is very simple to understand. All right, so this is your block trades So let's look at a hundred in here for the S&P. Okay, and let's see how many we get now We might have to zoom out to find some here. Okay, but we're talking about one transaction That's for a hundred. Okay a hundred lots and you can see there's not so many And and in fact most of them happened here or all of now even there's some there's some pre-market or London exchange here. I Mean these are clearly larger players. They have to be Who who in here trades a hundred lots up at a clip? All right, so Now that's great, it gives us insight to the larger players however in this trading Environment that is just dominated by algorithms for the last 20 or 30 years It's just a you know, this Marcus are dominated by the by the bots so instead of a cluster or a large I'm sorry a large trade going through a block trade of a hundred and It really kind of shows your hand What a lot of traders will do instead now is they'll break up that 100 lot trade into a hundred different orders for one lot each Okay, and it will trade rather quickly in succession so That's the way that they can kind of hide a bit more of their their hand So that's why we came up with this setting here minimum displayed volume So let's bring this all the way back down to one the trade size and Let me show you how this works here with minimum displayed volume. Okay, so the minimum displayed volume is able to show Those transactions that happen very very quickly So that 100 lot that traded 100 times for one lot Right now. How do we do that? Okay, so we Basically and we zoom in here and We'll put in a hundred All right, so let me We might have to put in more actually Okay All right so if we we can see a couple transactions in here now This means that in this dot here. There was a hundred at minimum. Okay, could be more That traded here very very quickly That's what it means Right, and we've captured it here with this setting if you hover over it you can see that This is for a hundred this one here is more though Okay, because there's more actually in this little area here. It was a hundred seventy nine So the minimum cut off is a hundred. Okay, so display a hundred or greater And now this is based on your zoom level. Okay, it sounds kind of funny but Here's what's going on Within a very small time frame a hundred traded now. What's the smallest that we can display on the screen? It would be one pixel So within this one pixel here We have a hundred that traded or more now this it doesn't matter. What kind of screen you have We're still basing it off of one pixel size All right, so if I zoom in though Okay, now my screen is going to Expand or my view is going to expand and it won't be one pixel any longer Once it's not one pixel any longer That will not display Okay, now if I come back in here now watch I'll come back in here And let's bring this down a little bit. Okay, let's do a certain size Maybe it was a block trade. Who knows But it should display in here and there it is. Okay, so we had to go down to like 55 Okay, and was there a red dot? Yeah, it was a red dot to begin with So we got to go down even more to get a feel for exactly what kind of happened in here, right? As you can see Uh, we're getting there. So let's go back to 100 just to make the point though All right, so right now I zoomed in and now it's this that event that took place is over more than one pixel So it doesn't display I've got to zoom out and uh Contract the screen in order for that to display now All right, so and once it does display is going to give me the overall You know By minus cell all right for the delta here you can go to total volume as well And in fact total volume You can see there's a difference here between total volume and volume delta Okay, so total volume because there's a lot more transactions. It's not not just by minus cell So it's still working here with the total with the the volume delta All right, so just keep that in mind as you're going through this that it's still by minus cell But it's still 100 uh in a very very quick succession here All right, so that's the way this works now a lot of professional traders really like this filter Uh, and they're looking at higher time frames and they just don't want to be bothered by all of this volume So what they'll do is maybe they'll look at a certain kind of zoom level And then they'll look at their Um display here and find something that kind of works for the day All right, so let's put in 5000 Okay, and nothing's being displayed. Okay, so let's try 2500 Okay, nothing being displayed All right Let's go down to well actually let's just go down to 500 and see what happens here Okay, now we have a lot Okay, maybe that's too much in this area in here So let's go down. Let's go up a bit more. We'll go to uh 75 or 750 Okay, that's not bad All right, I filtered out a lot of the volume And now is it is it helping me though Is it giving me shape of under an understanding of what's going on within this time frame here now? We've got a lot of a lot of data in here Uh, and you can see there's not a whole lot of transactions We have our 930 cash open uh right around here And you can see that seller heavy selling coming in some buying coming and this was actually during the uh during the webinar and We were kind of looking to see if we get a deeper pullback here Didn't happen We went lower and then finally it came back up and and we got it our deeper Uh, not really deeper pullback. Uh, just kind of back to the same area basically and sellers coming in again all right, so For example, um, you know if you if you're not seeing With a setting like this, maybe you're just sitting back looking at the bigger picture and then Waiting for more buyers to start to come in at these higher levels If you're going to get that retracement now you got some But you didn't get any follow through right so and and you got some here But no follow through again. In fact, look at this kind of exhaustion area in here There's no more buying in this filter And we see more sellers here. Okay, so uh, yeah Sellers basically are in control In this well in this entire day here, but they're also in control in this period Okay, we don't see any buying coming back up into here. So this filter might be something that you like Play around with it. Now if you zoom in, okay, this is going to become Less useful you're going to have to reset it. So you have to come back up here And then put in maybe 250. Okay and see what that looks like And um, yeah, so that helps right not bad for this view Here's a little bit of buying in here, but sellers still remain in control All right, so now we'd be looking for that big sell dot down here Uh and understand what what uh, uh, if the sellers can move this lower Okay All right, so lots of questions in here That is correct Edison. Um, they uh, the volume dots are Represent the executed market orders. That is correct All right, that's important to understand Uh, no no over the counter um A connection here, uh to the penny stocks or anything anything over the counter over the counter There's really no order book right? We're looking for an exchange. We're looking for An order book, uh And also the volume that is accurate Um, yeah, there's um There's lots of uh information on api if you go to bookmap.com And uh, you'll click on the the more button and you'll find information there about api. All right Okay, um All right any questions so far on the volume dots Let me go to special events and discord. No looks like we're good. Okay Now those are the main filters uh for the volume. So now let's start to apply that Uh, and we're gonna first going to apply it to the volume bars down below. So let's go over those settings here Uh, you you see them here, right now. This is for the clustering That you're going to be applying it. All right. So uh inherit from bars. All right. Well, uh, or apply to bars So this smart clustering let let's just uh, let's go with time Our one minute here Let's actually make it 15 minutes Okay And uh, now let's apply it to our bars There we go Okay, it's been applied to our bars down below. So now this should align with this here And it does Okay, so that's a quick way to have the same, uh, clustering here on your bars or you can inherit from bars So let's let's just go to our bar settings here and let's do uh Well, we'll do two minutes instead, right? Okay, so by time And let's uh, then let's go back to our volume dots and you can see the inherit from dots or apply to dots here So you have the same the same two, uh, uh choices, but now we're going to inherit From the from the bars and now we should look at two minutes of A clustering here. All right, and we do okay, so Let's go back to the smart clustering apply to the bars and That's that Okay Now the volume the volume bars we got to go over that these this is really simple and straightforward It's the same settings in here. You can look at total volume. I do need to cover this on total volume. There is some Uh confusion with this From uh from some traders Look at the um, the red is always on the bottom here Okay, it's not that there's always more more buying in here. That's not the case at all It's just showing you the it's always red on the bottom and then And in addition to that on top is the buying. So that's the way we're displaying it here Right for the bars All right, so that's that uh, and let's go back to the bar settings here Uh, that's for the total volume. You can look at a solid here like this or you can look at a gradation Okay, uh, or you can Let's go back to solid you can look at your total volume or you can move it to delta now I like to personally I like to match it to exactly what I see in the bars Uh, and I do apply uh the same setting. Okay from my uh volume bars to my volume dots for vice versa All right, so that's that um, okay, so let's uh Let's start to um Go through some, uh, practical uses here. Uh, how to how to read the aggressors in here Uh, and what this means and we can start to get also into volume profiles, etc but The um a practical uses. Okay, so we know that the aggressor is the one that moves the the price so, uh the um Starting to read the volume in here In in context and the first Level to look at in terms of context is the price structure So when you start to look at your candlesticks or you start to look at let's just take the volume dots off for a moment here Okay, when you start to look at just this is your price structure Okay, and this is where you can start to mark up areas Okay, so consolidation breakdown consolidation Breakdown consolidation Break out Back to uh the range and and a breakdown All right, so this mark has been kind of all over the place today Uh with a strong move and in the in the opening uh to the downside and that still remains in effect All right now what we want to understand though in context of these areas here by the price structure Is where the transaction is taking place that's going to give us a lot of insight. Okay, so um it whatever Whatever it is that you're looking at uh for your trading Uh, maybe you're looking at some sort of filter like this. Maybe you're not All right, so that's um Just uh, let's use the filter here and and at this zoom rate here and see what we can read It's maybe a little much uh still right, so uh, it's just um Filtered again I think we had 750 right and that that gave us pretty good view Yeah, that's a little a little scant here Let's try 500 Yeah, it's not bad Maybe a little bit lower We can try 400 All right It's not bad Um, all right, so let's read this here Uh, and let's put this context together with the structures that we just kind of outlined Well up here This is the open some back and forth and then the the sellers come in and move it away They move it away on on pretty powerful volume and here. This was during the webinar. It was a mess Uh, it was just a mess and look at the read here in terms of the volume Now the funny thing is is like on these kind of higher uh or these highs here Uh, there's nothing trading up there Okay, so We were looking for that in fact in this little area here and then up here We were looking for that um, and then the possible pull back into some of these areas Just a pull back on on these time frames Uh, now this view is actually giving us a little more insight Uh, because now it's easy. It's always easy in hindsight, of course But, you know, we don't see much trading up here basically in this view and in this Setting that's basically exhaustion. So here we have transactions down below that Looking for our sellers should try to drive this away and they do And we come back up here. We don't see sellers here Overall, we see I'm sorry. We don't see buyers up here on the overall delta. We see sellers Okay, now this one's kind of crazy to to read in here Why did it pop up like this? We see sellers here a few buyers in here We'd have to maybe zoom in a little closer and maybe redo the setting to get more insight from that Okay, but this is not bad right now What we see here right now sellers move it away from this on heavy sell volume very little bind again heavy sell volume I'm looking for another red dot here To give us insight to the breakdown to the lows and maybe even lower All right, because we're down here price is trading down here And now we're just looking for some insight from the from the volume All right, so we might have to play around with the setting Maybe this isn't really helping us much. So let's let's go back and let's start to read the context here Okay, maybe 400 isn't so good. Let's try 300 Still nothing 200 Okay Not bad. Let's try 250 though. Try to filter out a little bit more All right, not bad Yeah, we just we need to see these sellers come here right now And then we can get the the move to the lows here. Okay, and then maybe break the lows So let's see it We're down here now. See how this can also help with exhaustion. There's our dot Hey, just it just presented All right, and now it just went away That's because of the delta in here Uh, it now there is since it's by minus sell Now there's some buyers in here Okay, so it's it's not displaying Okay, so as we're going lower we found some big sellers, but we're finding a few buyers in here now too Let's zoom out a little bit more or zoom in Now Still not really helpful Okay, but beautiful exhaustion here back to this area You know, that's great Now again, like if we don't see that those sellers show in show up in here And we start to come back in and we see a green dot up here or up here That's telling us something back to the swing back to the top of the range Maybe back to this range top of this range here Okay, so that would be like a a false breakdown. So reading and starting to understand the Exhaustion in here or the lack of dots trying to get some understanding from that So what I'm I'm My goal here was to go through to show you all these different settings And then the practical applications of them right now We took the heat map off just so we can understand a bit better Just the volume And then we have this context in here using these different settings. So like I said, it's up to you but the We have lots of flexibility and we're very feature rich In here with book map now. We've had these settings for a long long time so Whatever it is you prefer Play around with it until you find something that you like All right Let's see here All right, so actually look at that buyers Okay, interesting. Let's see them get back to the top of this range here Okay, let's see if they can do it looks pretty good. I mean we're getting buyers here Hey, this is this a broke down, but we're getting buyers here at this area here great Then they should be able to come back into top of this little range here Okay, and that would be as like a three or four point move And we're probably just have to wait forever for this to unfold But anyway like different markets, obviously you're going to have to have different settings You're going to have to play around with it to find what works for you. All right Let's see if I can think of can I think of anything else or if you guys have any questions happy to go through it here Wall Street warlord Here, let me show you where to go You're talking more about the api and and and all of that so go to bookmap.com Okay, click on the more button here And then you could either go to api here or you can go to our knowledge base Let's go to api. It takes you to the same place Okay, you're in there our eight or our Our book map knowledge base here And there's a user guide. There's the add-ons and now we're in the java api section There's also a javascript api So, you know, we're in this section here You can see the breakdown of the on the right hand side The api modules. Okay, it just scrolls you down the page basically So this is the place to go Okay, all the links that you may uh require For more information will be on this page And that'll that'll initiate the thread for you. All right Okay now Let's take a look here between The we're just reading the volume here. We don't have the heat map on And we just wanted to go through the different settings for for the for the volume dots But let's add a little bit more in here now Let's add the heat map Okay And let's actually dim that a little bit Uh and start to understand context of volume also within within the uh the auction Okay, the the the supply and the demand the buyers and sellers in here And what is going on? Okay, so we are looking for this scenario false breakdown buyers here And then a move back up to this top of the range here As a potential scenario Okay now So we know there's buyers here There's liquidity here look at high liquidity in here on the bid starting to come in Okay, not a whole lot of buyers though Now again, we're gonna have to wait for quite quite a bit of buying here to get that insight And giving us giving us actually some good information. No buyers lack of buyers again on a retest So now we're back down here. In fact At this point here since it tried twice Now we can get a maybe a red dot down here And if we do Then I'd be looking for the retest down to lows uh here Okay around 27 and a half or so And you see you see what's happening. We're just going back and forth in here right now Okay, but uh confirmation with a bigger dot in here look at the offer now Okay, let's see if we get do we get our red dot here Not yet. Okay any more questions in here Let's see No, no more questions um Just back and forth in here Still just trying to gain some insight in here and nothing to do nothing to do until we get that insight Okay, we get our green dot up here It's looking really good for for coming back up to to the top of the range here If we come back down here and we get our red dot looks really good for going back down to low and then also trend continuation Uh, how do you compare uh retest versus the same price? um Uh retest of the area here. So like selling down here Uh lack of selling down here on the retest Now this is maybe a too a little too extreme of a setting here right because um We're you know heavy selling nothing Okay, but really nothing until we got a buy buy dot here Okay, so it again, it's just um It's Understanding and and by what I meant by retest in here was this little area here We we uh came here and retested here And we didn't find any buyers. So we're open to sellers here If we get enough we should drop Okay, now we're open to buyers here as well if we get enough then we're looking for the move Uh to the top of the range here and maybe maybe even higher Okay, uh our sellers down here Bottom of the bottom of this swing here bottom of the day Down here around 26 Okay, or lower the day Yes, so this will be recorded in up on youtube all right, so I think that's about it. Um There's Not too much else to go through Uh, I mean there's all sorts of contextual things to go through I would recommend uh that Uh, you definitely play around with these different settings. I see what works for you and You know stick with that Okay, that's going to be the most helpful. So I'll take all of these off now now. I'm back to all the volume Uh, and let's make the dot size a little bit lower Okay, so now we're looking at quite a bit of volume Okay, we can zoom in and we can look at that same context now. Um, since it's the aggressor that moves price Uh, you know, there can be some odd situations where you you can we can actually go higher On lower volume But in general, uh, it is the buy volume that is moving price higher Uh, the how to go higher on on less volume less buy volume, uh, is very simply just liquidity is moved. Um You know pulled and moved higher And a little bit of buying can easily move price higher. It's like a low volume pullback All right, and um We talked a lot today about trap volume. So I'm going to avoid talking about trap volume In this webinar, but this the would be kind of an example of it down in here Uh, we're uh Not a bad example at all in fact Because we have you know lower move here sellers here. Look where the trap is set Okay, we covered this at length today Uh, because we had a lot of them Uh, and uh now buyers are a backup above it Okay, now we have another one right here. Okay, see see the buying coming in Okay, and now the sellers are down below it. Okay, so now are they going to let these guys out? Or did they get stopped out? Okay, well, let's see sellers here then if we get enough here Then i'm looking for the move back down to here Or here just by the context of understanding where those sellers might be trapped where these buyers might be trapped Okay, and where they're going to have to puke where they're going to be stopped out All right, and the stop run and we're looking for it So let's see if we get it here and this would be with the trend So looking for sellers looking for the move lower into these areas here All right, and now we're going through this exercising here Uh with um Just volume and price action And that's it And we don't see the other side of the trade. We don't know if there's a lot of liquidity down here absorbing A lot of that selling Okay, so that's where that third context with the heat map and that's what we covered in the previous video Uh was to go through the heat map in uh in detail all right now The the volume since we know that is the aggressors that move price Okay for the most part, uh, you know that those special circumstances where you know, you can go higher on less volume Um, we're not going to dive into that Instead we're going to dive into what we typically see is volume uh and heavy volume moving it away from an area Uh quickly okay trapping people up in here and moving it away quickly here and getting them to Force them to uh to sell Because everyone's everyone that bought in here is going to be forced to sell okay, and then You know god, we see this in the in the crypto markets all the time with the um liquidation indicator You'll see it come down here, and then you'll see even a retest in here, and there's no more liquidations It goes the other side and liquidates there Okay, so uh, here we go. This is our this was what we just talked about Uh and the move down here now. We're here And let's see if we can now go to lower lows Okay, so The question is what are we looking for then down here? Okay, if we're looking for lower lows and we're in the trend and we want to see the trend continuation What are we looking for many stops? That's true Uh, but we're basically looking in a flush. Yeah But we're basically looking for something more I mean something simpler. We're just looking for sellers red red dots Okay, they could be stops. They might not be um, they will likely be but Yeah, we're just looking for these sellers Captain price. Yeah. Yeah, exactly. So here they are see Okay, and let's see them continue Okay, now that's going to be our stop run now. We can open up our stops and icebergs here. There's our stop run Okay now And this is where we get into a lot of nuances in the order flow here Because we have a stop run here But you know a stop run. What does that really mean? Like it typically means these are people exiting a position Not not uh, not buying Hey, that's the case then a rotation back up and again this volume in here and defining this volume in here All right, especially this little area in here is it's it's really not real. Okay, this is real buying Okay, so they're gonna they're moving it right back into the range here Hey, maybe back up to here Hey, they've already moved it to the the bottom here already All right, so you know different many different things to start to understand in here also with stops and uh, and also icebergs, but understanding like the the condition uh of the Of the orders or the traders involved here now. We're back down here Okay, so do we get many stops here? No, so these sellers are still in it Okay, well, we know that a lot of these are stops, but these are new sellers now coming in All right, so sellers should be able to drop it lower then there's enough of them Okay, and we go down to lows of the day here All right. All right guys. Well, um, we talked a lot about the different settings and the different ways of looking at volume Uh, and uh, applying to bars, etc Uh, and then we started to get into practical applications of it. Uh, there are many practical applications Uh of understanding volume. It's one of the most, uh, studied or analyzed, uh elements Um in the markets, okay now it is very very important Uh, but there also is the other side of the trade and that is very important to understand too. It's all context Really understanding the condition of the participants or their their positions or their actions and learning from it Uh from their actions, uh, that's where we can get some insight and that's what reading order flow is all about So we'll do another one. Uh, if you like this video, let me know hit the like button there. Uh, we'll get into, uh, um, some more of these videos in the afternoon and You know, these have been based on your suggestions. So if you have, uh, just keep keep the chat coming Let us know What what you're interested in the heat mask been really popular. We can do more on the heat map if you want Now we're covering volume dots in here. Uh, and I've looked very little to the heat map. Uh, just understanding the, um, The transactions and the the participants that are committed in here with their market buy and sell orders Uh within the price structure So, uh, yep, we'll um Add in the comments there what you what you want, uh, I we are reading the comments And this is based off of someone's comment in discord Okay, thanks for coming everybody and we will uh, have a good weekend and we'll catch up with you, uh on monday Okay, yeah Take care. Bye. Bye