 Okay, good morning traders and welcome to the book map live webinar. This is Bruce at book map I'll be your host for the next hour maybe hour and a half And we'll go through live analysis and reading the order flow In book map at specific areas of interest here. So the Want to go through a few things that a lot of updates here actually this morning. So Wanted to also mention that So we have new traders New streamers coming in this week in fact I'm gonna show you something new that we just launched last week and We can start there and it's great stuff. So we're really really happy to announce This we have this new learning center Room here. Okay, so let me show you where that is and how you can What it's all about so Yeah, I've got three three new things to go over with you guys So actually before I jump in let's go through the disclosure and then we'll jump right in but this it's important here to go through Some of these new Items in here 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 risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so we can get out of that and we can jump over into This so the Book map calm and Well, what we what we launched here soft launch will you'll hear more about it? On Thursday when we send out the email to everybody click on the more button the learning center right up here new resource And click there and then in here We just put all of this together and it's a centralized area for all of your book map learning needs We have get connected here There are many videos in here on stocks futures the platform in general crypto currencies How to connect to these various data providers in here? So that's one resource right off the bat. This is a new course. We put together here to help you Understand all the different features and components in book map. They're very short videos in here adding a symbol a couple minutes You know 144 One minute 44 seconds, you know 49 seconds here so very very short videos on All the different components here in book map volume. You see the volume section here So this should be really helpful for you to understand how to use book map We have our educational course or market mechanics here, so click on this now We've had this for a while. We just centralized it here And it goes through this is evergreen content. Okay, so you'll always be able to use this There's an older version of book map back in I think 2018 or so Or 19 something like that But you know this kind of stuff here is evergreen it does not get old This is just how the markets work and that's what we're going through in here and and covering that in detail then Yeah, just use the the back buttons here or the or the Breadcrumbs to go back order flow phenomena all centralized in here different Videos on on different things here in in book map like you know What is liquidity heat map as you can see here and then spoof test This is again evergreen content and understand some of these things in here and what's going on in book map And how you can use this as an edge around your areas of interest Add-ons all the add-ons you might have lots of questions about the add-ons. They are all centralized here Okay, so you'll find the information here dome pro the trader map pro We have Liquidation indicator for crypto all source of stuff. It's all in here. Okay in add-ons. You'll you'll find it And then insights this goes to the page book map insights. It links directly to it. It's a different site or You know book map comm slash insights and then in here You'll see Different users that have created content and we've put it all centralized here in our Insights area some great stuff in here to learn from from other traders in fact You'll see many of them in here. We're part of the Book map blue jacket when I'm gonna get to that in just a minute I want to continue on though live streaming events in here You have some of the educators up here. Not all of them We're gonna add all the rest in here and I we have a long list here of Educators now in streamers in book map. That's why I want to show you the calendar here, right? So we just had a webinar here with Pirate traders Charles Goff over at pirate pirate traders. He will be here every Monday from 9 to 10 a.m Then all markets I do this webinar Monday Tuesday and Friday Tom B is every day every weekday here from 11 30 to 1 Followed up with a multiple traders at 1 p.m. Here Fausto. We have a protrader webinar today this afternoon with Fausto Poglisi then we have crypto with John slas us here Tyler Wilson on Wednesday's options millionaire. This is just like Charles a new streamer here with pirate traders Options millionaire is on Thursdays at 1 to 2 p.m. And then spanglish trades with Frank Moreno over here, which will be in Spanish Right after that Doug options with Doug and then the Alago boys, right? So all of the events are centralized in here And in fact, you'll even see if you scroll up here in the middle of the night We have a daily live stream here on the nifty and bank nifty in India and the book map India All right, so lots of events in here guys. We have crypto with rain in the morning as well All sorts of things in here Wednesdays and Thursdays also different webinars at 10 a.m Jay trader and Scott Pulsini It's a lot and we are happy very happy to bring all these resources to you so that you can learn From them and in fact that gets back to this webinar what this webinar right now is all about is to set up an understanding of Market structure and order flow in general the the transactions the liquidity reading it being able to understand it And then apply that to your trading So this is a foundation It's not a trading room. We're not trying to be traders in here and call the market this way in that way We will read the market and we will give insight to where it might go but What we want to do here is learn this tool learn order flow this gives an edge and For example Charles just this morning Had a great webinar. He was looking for chop all morning long And that's exactly what the market is doing So in a you know kind of a 10-point range more or less just chopping He is looking for it to break here if we can kind of build out this edge. You can see this He's a volume profile trader Okay, so we have a volume profile trader. We have two now. We have Tom B And we have Charles Goff at Pirate Traders. Okay, so Anyway guys lots of stuff in here really excited as you can tell To bring all of this to you. All right, so You know really great stuff. We got a full full dance card there for you So all day long basically we have different different people coming in very different styles of trading very different ways of looking at the Market and different asset classes. Okay, so yeah, really really good stuff All right, so let's see what else Let me go back to the Yeah, okay back to the learning center here and Yeah, so you can also see some banners here about you know some of our our channels There is one more thing to go through in here. I well the top Toolbar up here The knowledge base is here symbols guide glossary under community. You'll see all the different Communities we have a blog, you know our discord channel forum YouTube Twitter And our support pages here also you can search for videos If you're looking for something you can find in the drop-down or just search for it Okay, this is only for the videos within this page here So you should be able to find what you're looking for in this new learning center and Let's see. Ah, right. I wanted to go over this the insights We were just looking at the bookmap insights page and the blue jacket. Okay, so We have this competition going on and If you're interested in getting bookmap for free with data for three months You need to make some some content and submit it into the competition So let's go to the blue jacket page and I'll show you that and how you can sign up for this Well, come on Did I misspell it? Yeah, maybe all right. Let's try it. Let's try another thing here. Let's try this There we go. Okay, so here it is. I'll put this into the chat for you guys if you're interested and basically kind of like a trade floor trader here the blue jacket you you become the winner of the blue jacket and you get you know the bookmap Offering here a global plus for stocks and futures with data Okay Futures data So so anyway, you can sign up here Participate the images some of the details in here how to participate And some of the other details here and then this really simple form So just sign up start making some content and you're in the game. All right, so Anyway, they'll put this into the chat for you so that you can Check it out All right So let's take a look at these markets and see what's going on now and Yeah, I mean we're gonna kind of Take a bit of a page from from Charles is top-down bigger picture approach here Usually we jump right into the market and look at the order flow But I too is I'm looking for this kind of bottom edge in here I mean you can see the profile here So I know that and what this means to me in the way I'm not a profile trader, but what this means to me is Down in this area here The market can transact it's demonstrating that here in the profile So I'm looking to see if sellers can come down here and we get big selling dots down here To pull this market lower Okay, so that's one of the scenarios that we're going through and we're gonna look for that to unfold Now there's I'm gonna go through many different ways of trading in here not just one All right, so and that is a goal in here to for for Traders to come in here and just look at wow. Okay. Why trade this way? Okay. Well here we can help there with with this understanding of order flow What you're looking for right suppose that you're a profile trader Well, yeah, I mean heck if you see some exhaustion up here You don't see buyers and you start to see sellers come in Then, you know, you probably have something that Maybe you can trade back down to 62 and and take some off if that's the way that you trade And we just came from a webinar with Charles. He does not trade that way. He's looking for a bigger picture break And when he has that understanding then he gets involved All right, but maybe you're traded on a smaller time frame And you know, you're maybe your trend line trader. Maybe you know, you're a patterns trader Like there's a kind of little double head and shoulder or a double bottom down here And you're looking for this this follow-through to fail here Okay, it's coming back up to retest this area here This is where we're gonna look for some exhaustion. Okay, or We're gonna look for traders up here So you'd be looking for buyers up here if we get buyers up in here And we also have something in the order book that gives us some more insight Then likely we're gonna come up to here Okay, or at least to where it dropped from here, right? So 67 or so and then here we go here come our buyers here. All right, so this scenario is starting to play out All right, so just really simple stuff here And it's just by looking at and understanding this smaller fractal pattern in the bigger picture here That's it. Okay, so, you know, basically you'd get out part of your position here or one of your trade management Rules might be that, you know, this is a smaller time play and you'd be getting out a position here Maybe it's gonna pull back here and then run back for 68 and it could even break out from 68 on up into 70 or Yeah, maybe like 70 up here. It looks pretty good. Okay, and that would be highs of the cash session. I believe. Yeah All right, so Anyway, lots of different things to look at and consider here The other scenario was we're looking for exhaustion in here and then sellers down in this area here Right. So anyway, so we'll look at the order flow to help us. Okay, regardless of what the Trading method you're using might be All right, so anyway So let's see what if if we're going to get a failure if it just comes up into this area in here and then fails What's it gonna look like? Let's go through it. Hey, here's your price channel It's just a diagonal channel here instead of a horizontal channel that this is a little too high So price pulls back. This is a little too low or what it means down here is like There's not so many sellers down here buyers are interested in training it back here and then price discovery above that area That's typically how order flow works in a trend Is you won't see people lined up on the bid down here typically except for the first move usually You and the first this is the first move in fact So a lot of times you will see them buying here, but that's it Then you just get exhaustion if it trends. There's no one lined up here on the bid really They're just up on the offer and the the aggressors charge up after it Okay, very much like kind of what it's doing right now, right? See look at the Order book in here. Okay, so the buyers are down here All right, so now the question is are we still trending upwards? Do we get more buyers in these higher areas in the auction if we do? Likely we're gonna trade higher Okay, and we're not looking for sellers in here We're looking for exhaustion on the sell side buyers to come back in and then take it higher All right All right, there's lots of questions right off the bat. So Let's take a look here Thanks, Jack Jack's in here helping out Okay. Yeah the aggressors and passive orders. Yeah I mean the markets made up of these different players and in one trades into the other. I mean, it's just how it works Someone is willing to take the other side of the trade There has to be that partner Or party if they're not there then well Your order is going to go to the next one who is there And that's how liquidity works is very very simple And that's why thinner markets are more volatile typically they don't have to be but they typically are because uh There's not a whole lot of liquidity so you get like, you know A price will shoot up to some area and then shoot back down to the next Trader who's willing to buy out of much lower area. You know something like this Yeah, yeah, jack. You're looking at the uh Chop this morning as well. Yeah Oh, good Pedro that that's what you're in the right place then to learn about uh, this auction process in here and in detail Right and uh, you know, what what's great about this is it works for the um You know, you you can look at your higher time frame levels or like we're saying whatever it is that you're trading Uh, and uh, let's just do that. For example, we haven't done our bigger picture. Uh yet This morning So I have the daily on the left the hourly in the middle and the 15 minute on the right Okay, well, let's take a look at this daily. Uh, it's been giving us a lot of good insight lately Uh, and uh, we were looking for a fade up here or Tons of volume on the buy side for a breakthrough the wicks up in here from back in Uh, uh, february, right? Well, you can see that it faded on friday and uh Traded back back down a bit and today kind of you know, we see a little bit of a um, uh, a gap up and then a move Uh, right right back down though. Uh, so, um Do I have the right daily in here? This doesn't look quite right I guess it's right. Um, so anyway the um, uh, let's take a look at the hourly here So, uh, are they still buying up here? Basically is the big question. So is it building? You know, the same thing that we're looking for over here where we're getting buyers in these higher areas If so, we're looking for a price discovery Okay up into these areas here. This is no different Right looking at this is no different than looking at This on the daily chart Okay, there's just a lot more time between it. So are they building, you know volume up in here buyers? And do we see them lifting the offer up into higher areas? Uh, does it want to trade up into 4200 up here into these areas? Uh, and um Uh, yeah, I mean, uh, so far it's it's pretty kind of unclear. I mean, we see that we are trending up That's nice. Uh, and then we see the the move up here Last week and then the move right back down Uh, and then we can see that buyer to come in right back in Okay, so, uh, you know likely, uh, these buyers can continue especially up here at the highs at around 70 Uh, we're looking to see if we can break out from 70 in this swing For a high of the day here and get back up into, uh, this, uh, maybe 73 to 75 area here All right. Let's look at the 15 minute over here on the right And we have wicks up here And we have wicks down here. So we're not getting too much out of this 15 minute chart The hourly looks pretty good. I mean, usually, you know, we look for that continued momentum in the hourly here So, uh, there's going to have to be a lot of selling that comes in to kind of curb that momentum So, uh, you know, I would look for if we get one more test up into these highs here Likely we will get the breakout Okay, but what we're going to do is look at the order flow to give us a higher probability of that to, uh, happen Okay, so, uh, let's take a look All right now, uh, we're not getting much Insight here's a lot of buying here. This looks pretty good This doesn't look so good A little bit of buying and look at the sellers come in All right, so, uh, now this could be a trap in fact and you can see it's kind of breaking this this It's not it's not within the trend any longer. It's now in kind of a horizontal, uh, range here All right, so we're going to look for that other scenario in here of sellers down here Now we need a lot of sellers down here around 66 and a half Okay, if we can get that then we can get the move back down to likely this area here Where we uh, we're looking for the where we had that liquidity previously All right, so there's an there's a zone or an area and you know, we're not talking about, uh, You know some pretty big areas here. This is only like a three point move But this is what we see And this is the scenario we're going over And then same thing up here if we can get those buyers up in here And then we're looking for that potential move to 70 and higher which Looks better on this hourly chart Right, so I'm still kind of looking for that to be honest I have more of a bias here to the upside up into Yeah, somewhere around 74 75 something like that Okay, so here comes our retest We see some some buyers starting to come in All right, so let's see if we can get a bit more in here and then up to 69 and then break out to 70 And uh, yeah, we see some up liquidity up here at 75 Yeah, so jack you were looking at some chop this morning as well Yeah, I think that that learning center ought to be really helpful for you guys as well There's more we're adding in there. Um, so there's going to be a you know There's a lot of work still to do But this is what we have so far So we'll finally get around to some setups and strategies in there Right, so the rubber can really meet the road here All right. Well, you can see that again chop and that that second scenario We're looking at our first scenario was the move higher here You can see what's happening the sellers in and look okay, so see the selling coming in here That this here is a fractal of the bigger picture. We were looking at here earlier Okay, so and and uh, if you're going to play it as a fractal And you're you're looking for the breakdown in here Then this is your target Down in here something somewhere around in here Okay, as your first leg into it And there's reasons for this, you know, there's measured moves But there's also liquidity down here And uh, you know to understand that uh, there's market structure down here as well Okay, now if they can get through You know this kind of we we said 64 they came a little shy of 64. No, it looks like Yeah, 64 and a quarter is where they transacted Uh, and we see some stops in there. Yeah, okay. So so yeah, let's uh That if they can if we can see some more selling down in here Then the next step would the next move would be our 62 level here Our our our liquidity that is here at 62 that's just coming into the book But it is also the high volume node uh for this uh range in here And uh super choppy here guys All right, so let's take a look again at our our buy scenario in here. We know what the sell scenario looks like Uh, and uh, especially here to be honest, this is the pivot point right here Uh, look at this volume here if we can see our big sell dots below it here This is trap volume above uh the 66 level Okay, and then we should see our stop run to the downside. Okay, that would be one scenario another scenario is That uh, and let's just clear this here Uh, we get instead. I'll keep that actually, uh, we get instead The buyers up here Okay, and we're looking back at our bigger picture again. So a retest back up in here Uh 69 or so and then uh 70 in the breakout Okay, so uh two different scenarios in here again Uh same we just had a we're back to this scenario here That we were looking at earlier This uh breakdown in here is failing and and and their trap their trap. These are the trap traders down here We're even in here basically as well Okay, but mostly down below here because you can see them pull away in here Like the volume starts to pick up and pulls away from that area Okay, this is something to look at in the order flow. All right, so now if we can get a little bit more uh up in here Look, you know, we're going through different scenarios uh and A bigger picture conviction here uh would be this one Based off of the at least from my opinion in my opinion and my approach here I'm still looking for buyers up and to come up and retest up in here and then break out Okay, because this hourly looks pretty good. Uh, I like it Uh, look at the wixie on the 15 minute chart That's why I want to see more volume up here on on the smaller time frame Uh, then we got a pretty good likelihood of this to to follow through and test up into our 75 level Yeah, really choppy It it came back up here and just there's some buying but that that's about it back down to Not only the bottom of the range. It actually broke it here Well, I mean we're we're we're looking for something that gives us some sort of insight and edge in here Uh more conviction in the trade and uh or in the idea here the concept And we're outlining these different scenarios to try to look for the one that's going to play out more more likely to play out And uh, we we kind of left off with at least over here with our trend channel Uh that the um, you know, not bad cluster volume up in here. This doesn't look so good Uh, and then we went kind of sideways here and actually broke it. We came right back up again though Uh, and uh, and then we broke the the low here. So it really is choppy in here We're trying to get a handle on our market structure In here and it is breaking it and then retesting certain areas Right our structure is kind of falling apart in here And this is this is, you know, some strong consistent selling Uh, you know, we can we can look at that in here Uh, and uh, we can also look now Uh For the you know, if we're going to get the continuation on that strong and consistent selling in here Right though the the ones that are moving the market right now at least on this very small time frame Uh, we're the sellers in here So we're going to get more down here And if we do then we can we can break it and hit our 42 level again, uh 62 level Okay, we got some stops in here. I think I've got my icebergs on as well Show the icebergs Not many icebergs. There's some what about our stops? Mostly just people getting stopped out both sides All right, jack. So you're looking for 60 and then maybe the curl higher Yeah, maybe I mean maybe we have to go come all the way back down Into and and through our now we're down our 62 level here So you'd be looking for the move back down into 60 and then you're looking for maybe a curl higher Yeah, now here we go and we're already through 62 on strong volume here, but right into this 59 liquidity here So and we can see some icebergs already in here strong selling That's for sure It looks like a whole lot of icebergs in here. It's not a whole lot. You know, I mean it's 400 But for the day it's it's a lot Okay, so there's some buying down here. Uh, there's liquidity down here Okay, so these some of these choppy Traders are then looking for maybe just like jack is looking for here Maybe a move back up above into the you know the highs again All right, so it let's go through that scenario if if that's what we're going to outline in here So here's our move. Here's our stop run here are our Icebergs and then we can look at this as being our kind of pivot level in here So the scenario would be now In in this very specific scenario It would be those buyers up above here those big green dots Okay, so let's see if we can get that and then maybe we can pull back up here Right and then anyone that you know is Selling in here Selling the breakdown to new lows, etc. Uh, you know, they're the ones that's going to get squeezed Right, so we'd look for that scenario. I'll leave those three in though Yeah, there's your curl jack. Um, I don't know. I mean like um I'd have to see a lot of buying in here and especially above uh 62 here To be for it to be convincing and I would love to see the order book really light up underneath here on the bid That that would help a lot to look for that move higher So, you know going back to our here's our hourly. So now we're seeing You know, we're looking for the move higher up into these wicks in here on the 15 minute or the hourly here Uh and look look at the the heavy selling that's coming in and driving it lower, right? So that was the I don't know. It was one or one of the two scenarios. I forget which one which one was our first scenario I think it was the move to the upside was our first scenario Yeah, let's take a look again at that and look at this 15 minute chart here Right. So, uh, yeah, you know pretty pretty strong wick our move, uh, and then, uh Still probing still probing lower. Yeah, we got to look at a week All right, and I just lost information in here. I hate the way these charts do that. Um Anyway, well, yeah, if we get this, you know, the the selling to continue we're looking for like, uh Likely a move. I don't know. We could we could be bouncing around in in here around 53 or the figure at 50 of course, uh, but, um Let's take a look back All right, jeck. Is this the beginning of it? Let's see. I don't see a lot of buying in here yet But uh, yeah, I don't like it yet I mean really the these kinds of moves like when they when it looks like much much You know when it really hits you over the head It it's really painfully obvious that that you know buyers are going to come in and and move this higher Uh, and I just don't see it yet You know and then it kind of so and the first test would be up to here or you know our 62 level here, right? Uh, and we'd see pretty strong buying just to come up to 62 Okay, and we don't see that right, but then higher time frame trader is going to be looking at this though and um Uh, then they would be looking at while, you know back up into point of control or 62 up into here And then more buying a backup above that then we're looking for the move back up to 70 and and maybe 75, right? so, um Well, we just we just for this to kind of spark and kick off To get those higher time frame traders We first need to see some buyers come in at least trade it back up to 62 And it looks weak. I mean they're not really It's not very strong buying right now The bid doesn't look good. The offer is actually looking pretty good in here So in fact based off of that you'd look for a little bit more selling here at 58 and a half And then for the move lower again 57 56 55 Yeah, so uh, yeah, you know charles is uh read this morning was really really great I mean we we did finally break down below here Uh, and he's still looking for a choppy day from his profile trading, uh, but the um Uh, I want to do a kind of harken back to that calendar again, and I want to show you guys this Uh, because I I think that um from the book map dot com learning center Or learning, uh, scroll down and go to the calendar here I just want you guys to be aware of some of the other traders in there. So we covered, uh, charles pirate traders Uh, and then this afternoon Fausto, um Puglisi A stocks trader a tom b options with dug and algo boys Uh, but uh, this one here is what I wanted to cover john slasas At 1 p.m. Tomorrow. Okay. He's a new streamer. Well, it's kind of funny actually he Uh, is a is a longtime futures trader. Um, he's got Decades of experience trading futures. Uh, he totally swallowed the uh, uh crypto bug And uh is now Very very focused on trading, uh ether Okay, ethereum And uh is is a is a believer in it. So Uh, if you want to go and check out, um the That stream with john at 1 p.m. Tomorrow, uh, you should uh, he like I said is a um an expert, um and uh, he uh Oh god, hold on a minute Okay um I'm sorry guys Let's keep the thought going here. Uh, something that he is just Excellent at and you cannot It is so important to understand it is market structure And he goes through it in detail All right, so uh, you can learn a lot from john, uh, and i'm not trying to plug his room. I'm trying to help Here, uh, you you know market structure is vitally important Uh, you know volume profile is considered market structure as well Hey, uh, or you know your patterns, uh our market structure could be horizontal, um Zones or or trending zones or trend lines It is about the market structure though And then what we look for in book map here is the order flow around those structures Okay, and there's so many ways to slice and dice it Uh, but um Like I said, it could be profile trading. Uh, here's your low low volume node right in here off of the uh of this move That went sharply, uh Through that area at 62 Okay, that's why we'd be looking for buyers above it here and you if you're a profile trader All right, so uh, anyway, um, yeah, you might want to watch that to get an understanding of what john looks at Uh, and uh, he'll look at uh, you know bigger picture time frames Uh, and then uh, and then again drills down into book map All right, so here you go jack looks like you're gonna get your move up into 62 Uh, and uh, yeah, you know the the volumes is starting to pick up But it doesn't is still just doesn't look that convincing You know I I would pass on it. Uh The the move to 62 is is unfolding or You know almost unfolding. Uh, and then uh, it doesn't just still just doesn't look convincing here You know heck it might go and might go to highs here, but uh We're looking for something that really kind of hits us over the head. There's our move to 62 Okay, so this is our area here Okay, we want to see the buyers above it Yeah, or the low volume scout from here Um, you know, you're looking for that exhaustion or complete absorption at this area here Yeah. Yeah. Yeah, exactly. So yeah, john slaws. This is now, uh um With a dharma capital, uh, he started up Yeah, abby. I definitely go and check that out Uh, it'll put a different perspective on on crypto, uh, and he he's the first one to it's really it's great He's the first one to say That you know, you can't apply futures and stocks trading to crypto. You just can't it's different I mean all these markets are the same in general, you know, the the auction process, etc But they have different flavors to them or different ways of trading and that is Uh, what he can cover like for example, what we're looking for right now Is in in the in the futures world here, we can jump over to crypto and You know, you can look forward as well Here in crypto is the same thing here The level would be around this uh, 29 480 or 470 here And then it would be buyers back up above it here And you see this kind of wicked move all the time in crypto All right, so what we're looking for in here is exactly well It's starting now it's starting to look pretty good, right? But it didn't look good, uh up here starting to look good now Okay, so what now the buyers are coming in here Okay, so let's see if we get uh A bit of a pullback to retest this area here or we're going to get more buyers back up in here and stream to 65 We can also look at our Um a little bit of a trend line here Anyway, this move in crypto happens all the time You see the strong selling below And then you're looking for the strong buying above and then other side of the range basically And people are just getting annihilated. You know, they're selling down here. They're getting stopped out down there up here And they're going long in here and they're getting stopped out down here as well We have a lick the liquidation indicator in here here. It's showing you precisely that activity This is an amazing indicator. I feel like uh, here's 265 k 26 events in here that Over these 26 events that are dotted in here with a square a small square That these are people that their accounts are being liquidated. They're getting margin calls And we know this information it's objective Information that's coming from the exchange Okay, so and then we can see we're going to see it on the upside. I'm pretty sure here. Here's another move 187 down here And uh, well, let's see if we can get up to the upside here Uh, and then you'll start to see liquidations to the upside. It won't happen until you get up to here Oh, look at our pivot point here in the crypto markets Okay, so look for the buying back up above here Uh in crypto And it would look like this big green dots Okay And you might we might even be able to get up to here where it dropped from up here And then look for the you know 250k on the other side here liquidations on you know, the all all these so so the the red here these are people getting you know liquidated that their position was long um, and You know, it would be we'd be looking for people Uh, their position to be liquidated here that that are short and and we're showing the transactions All right, that's what we're displaying with the liquidation indicator. Let's go back to our es Yeah, yeah, so yeah, this is failing here Back back down starting to look good in here and then right back below it yeah pretty Pretty wicked little market in here Now this scenario just totally did not play out whatsoever I was with you on that jack. Um and in the in the bigger picture here, uh, but uh You know looking for that continued momentum That still might happen still might get back up here Oh, okay, great. So you got four points out right excellent Excellent Yeah, so as you guys can see like jack is uh, you know, he's scalping. He's looking at these smaller time frames Uh, you know someone like uh charles or or john slasos. They're looking at higher time frames I'm sure jack is looking at higher time frames as well. He's looking at everything but That's why we're going to go through like different uh multiple time frames and in different order flow phenomena or events uh at at some of these areas here Because maybe maybe you're trading on a lower time frame. Maybe you're trading on a higher time frame Okay, we can still read it in fact since uh, you know, we're kind of You know, we've got a pretty choppy day in here. Let's just let's look at the, you know, lower time frame in here Well, yeah buyers are coming streaming in buyers more buyers Looking for 62 maybe 63 here Okay, if I'm looking for a maybe a retest and exhaustion here at 60 and a quarter And then more buyers come up here and then a potential break up into 62 and 63 Okay, so let's see if what we get here same ideas in this little range in here from right here Okay, onward Okay, so uh coming down and trading to our 60 60 and a quarter or 60 And we're seeing our sellers down here. All right, so well, that's not unfolding Now can we get buyers above it? There we go. All right. Can we get a little bit more? Let's see it right here. If I can we get some buyers in here. We should come up to 62 and 63 Hey, there's enough buying up in here to auction and explore into 62 Hey, the bid looks good. They're starting to pull a little bit on the offer So we're looking for the buyers up in here And then just we're just looking for a very just a few ticks basically Okay, still more Even with this little pullback in here in some exhaustion. They're still buying up here So again, we're still looking for it. There it is Okay, there's 62 Okay, now let's see a little bit more into 63. There we go All right Okay, this was something that you guys had requested uh It was actually slowdown that requested this to to zoom more into the micro You know structural time frames and start to go through the details in here Okay, this I'm looking at the same things here in the in the micro structure Well, I should phrase it differently on the bigger picture I'm looking for the same things that are happening in the micro structure The same exact things Right, so we can look at our ranges in here Where's the volume trading if we can auction up here and they're you know the order book They're on the bid down here. They're pulling on the offer if we can get a little bit more in here We should get the pop up into here I'm out That's it on this time frame Right Okay higher time frame. Let's take a look, you know, this these are fractal markets. Maybe a move back up into 64 maybe are 65 here Okay, that's where the liquidity is Okay, so understanding the the smaller time frames is no different in my understanding of order flow and applying this understanding of how the markets auction Okay to higher time frames same thing in here Same thing in here that we've talked about Okay, so, you know looking at all of these different setups and different in different time frames You know you can look at your um uh different Your your higher time frame. Maybe you're you're looking at a choppy day We'll take advantage of some some smaller time frame moves then Fade the outside edges look for the moves back in uh, if if for example you um You know not only fade the outside edges you can look for even something better Uh, it's there's always risk But you know like this our pivot points in here We'll look for you know a move maybe back to the the bottom of the range You can you can look for that like in here You can look for maybe the move uh through a pivot point Or you know one of these little areas in here, uh and then into the bottom of the range That's another way of looking at it, okay, so you know This my objective was it would be achieved here, uh at 63 and i'm out Well, it looks like a good decision right now But this could have gone up into you know 65 and 70 But I was just in this smaller time frame. We're looking at in here just looking for that Move up and from here on up to 62 and then uh 63 Okay, well, let's do it again Let's take a look Okay, so uh coming down into uh kind of bottom of these ranges in here. Do we see uh Our bottom edge is in here Sellers more sellers more sellers here. All right. Yep 58 Let's see 57 now. Let's see if we can come push into there. It looks pretty good. It's open here See how it they pulled that liquidity. They're on the offer here So we just need to look for some aggressors in here sellers Here we go see it auctioning down here. There we go. That's why we're looking for the price discovery Now look and this is only three ticks here, but the concept is the same These are fractal markets. We're looking at, you know, these very very small structures in here Uh in these examples Hey, you you you'll note like uh like what um Uh john slalsas will go through on uh his market structures Uh, it is the same. There's no difference. It's just a smaller time frame. That's all It is now it's starting to auction back up here Okay, now this would be trapped volume and we can get a squeeze here And where would look for well, it's already done it Uh, maybe up to this one though looks like there's a little bit of momentum behind it But yeah, you know up here looks pretty good and that's it Next level if we can get a little bit more buying would be up to 61 Here now I have my reasons for it. It's up here All right Then maybe up here And test up into that structure where we we're looking for taking our profit up here Okay And now where's our stop run to We're looking for our stop run in here. We know that these guys are going to be trapped down here Anyone who's sold in here is trapped We should get a squeeze Hey, where are they going? Where are people placing their stops probably up in here? Maybe up in here 63 Okay, it looks pretty good. It's up at 62 now Okay, let's see. Can we get up? Do we have our stop right? It's been squeezing people all the way along here I don't see one big squeeze though or one big Stop run yet Quick scope. What plan do I have? If you're trying to make the right side and bottom like yours I don't I don't quite understand the question. Um So this is stops and icebergs. It's an add-on here Uh, this is it's very particular out on it only works with the cme group instruments And not all of them actually almost all of them and Does not work on the currency futures at least the iceberg stops will work Okay, but icebergs won't but icebergs will work on any of the other instruments in there Can you put up the dome? Sure Uh, yeah, let's add the dome pro And take a look at that Okay, jack is helping you with that. Okay. Uh, thanks jack. Thank you so much Do you need a global subscription to see this type of data? No, uh to get the stops and icebergs Um, you have to be trading cme group futures and it works with global or global plus But it's an add-on that you get at the at the book map marketplace. I'll show you where you can get it Go to book map.com And then uh, click on the more button and go to the marketplace and the add-ons here go to the mbo bundle That'll take you right to it And it's here. It's 134 a month. Now again, this is very particular It's only for futures traders cme group futures traders at that And you need to have rhythmic data which you can also get here on the book map marketplace Okay, so That's that's possible So, uh, uh, yeah, go to the home page here And you you'll find a rhythmic in here right here Okay, and you can subscribe to rhythmic cme group or just cme futures is 39 a month The entire group would be 99 a month All right So it works with global or global plus guys anyway, so Look look how you know, I mean It like I said, it really depends on your time frame that you're trading And you know, all we've done is just like seeing a big choppy mess in here Once these sellers moved it in here below and we noted that area at 62. Well, that was a critical area Right. We said that before the move into 62 And we set it back in here. I think but um Anyway, the uh, this is becoming the new zone in here the new value area In here between 62 or 63 And uh 57 in here now I'm still kind of with uh jack on here. I'm looking for the the Especially right now. This is looking great. Um, I see sellers I see more buyers starting to come in though, and I see this is kind of more buyers in here again So this is like a can be a pretty powerful Pattern in here if I get more buyers again in here, I'm looking for the move up into 63 and then maybe 65 Okay, this is your cup and handle pattern in here But I don't care about the pattern what matters in here is the volume and the liquidity in it And uh, how it auctions in here. So right now it looks like it wants to fail in here Just exhausted here the question is do we get sellers here? So then then it will fail Okay, and then likely we'll get to 60 and then maybe back down into the lows here Okay, now if we get buyers back up here at 62 Then in pretty strong buying. I think this pattern will work out There's more buying more buying and I'm looking for a move back up here more buying and then the break Okay to this swing here and then up above All right, and you can see it's it's failing in here All right, so you wouldn't have got you wouldn't have been duped by it though Uh, you know, you didn't get what you're looking for up here Right, so, you know the sellers are coming in and we said if the sellers start to come in in here It's followed by exhaustion three times in in fact Uh, and then the sellers are you know down in this area moving at lower, uh, let's see here quick scope, um So you have to have bookmap global. Um, yeah, or or global plus that doesn't matter a dx feed. Um Uh dx feed, um, it's good data, but it's not mbo data for futures. So you have to have rhythmic Okay, okay, so you're looking at higher timeframes Uh, no no problem. Um, you know, yeah, let's let's take a look. I mean like this is why we're looking at multiple timeframes in here like Uh, just trying to support anyone, uh And that book map will show The data on all timeframes. It doesn't really matter. It's just the auction Uh, and we want to understand the auction on those higher timeframes and lower timeframes Okay, so let's zoom out and let's just take a look again. I got kind of a mess yet again in here the drawing tools Okay Yeah, I mean this was a strong selling move and it you know, it was able to move the market down below The point of control and it has been below that point of control in here Uh, this kind of 62 level We kept on looking for a tack back above it and then back up into 70 Uh, it still may happen, but it's not looking good now um, here's why we have lower highs and uh We have higher we have an equal kind of low here in this little time frame here But uh, you'll we'll see if we can get some more selling in here to try to break the the range and go to new lows here So market structure wise, this is this is kind of bearish in here Uh Slightly more bearish. That's for sure Anyway, it's just been a real real big, uh kind of chop fest in here Yeah, jack. I'm with you on this like, uh your with your advice like When transitioning here take your time a wealth of content here, um, and uh Can I explain the stop order? Sure Yeah, cumulative volume of delta. I'm not a big fan Um, I I can see it much much clearer. I think in the order flow and here are the transactions Uh, and you know, I'm always a little surprised every now and then like, uh, it's like It's like, oh, wow, there actually is some divergence, you know um, but uh, a lot a lot of times like, um, I just I already we know there's a lot of selling here. That's going to drive the cvd lower We know there's a lot of buying in here too, right? But we can look at the bars and the dots in here You know the the bars are maybe showing a little bit better in here. There's there's less buying Back up to here. Well, there's your divergence you know back up to here And then look at your cvd. So not bad actually for your cvd But uh, then where would you look for then? That's when we're looking actually for it to break out, right? Uh, back up above our 62 level here and it failed Uh, it we didn't really quite know about the failure Once once we start to see it get below here and and kind of through here That that's when it looks like the failure the failure looks pretty good Uh, but your divergence is there. This is what I just don't like about divergence, uh, as well Um Is that yeah, it's divergent, but who cares like if there's more buying in here. It's going higher. That's that It doesn't market doesn't care about diversions Yeah, yeah, the correlation with divergence. Um, that can be that can be great. Uh And I think just understanding your indicators. What are they showing? Is really really important So understand the math behind it Uh, because uh, if it's just buy minus sell plotted over time, uh, and that's it Well, now you you can really Look into the details in here. It's like, oh, okay. Well, you know, uh There's more selling back in here again Right. Well, now there's a lot more now we see more buying coming back in here again That's it's just so choppy in here now Okay, so we don't really have much of a divergence Um In in this area in here, uh, the uh, all I you know, it looks pretty equal to me buying or selling buying selling buying Uh, this is looking pretty good. I like this Buying okay back to the top edge here looks pretty good Uh, let's see is it consistent? Is it strong? What's the order book look like? Okay, this is back to 62 here A lot of people are going to take some profit at 62 and they're going to short it at 62 Okay, so maybe some chop now if we get a lot of big buying back up above Back up above here And then yes, I am looking for a break. I don't want to see the order book supported I want to see these guys get out of the way. I don't want to see the bid light up And uh have support down in this area here Or some or um some demand Yeah, 65 looks good As a uh as a target if we can get these buyers to come in Okay, so now here's a play and and let's just watch this here because Um, we didn't get a lot of buying up here. All right, so You know if we got a lot of buying up in here that that would be something different. I think Uh, we're seeing a lot of selling though. Okay, we're back down into the breakout range here Now the the question is it's back to if we can get that buying to come back in I'll be looking for the move right back up into 62 Uh, and then if we can get those those buyers up at 62 and a half then we're going to get our More likely we will get the breakout into 65 more likely And we're through through our level already Let's take a look at that back to that bitcoin in here because I was just really curious to see if we It's just equally as choppy in here. Um But I I just love the way that that bitcoin really you'll really see that that move. Um, I was mentioning it in bitcoin Um, you know right in the middle of the range Uh Let me see if I can draw it out quickly, so yeah, let's say this is the the um Uh, kind of kind of pivot point in here. So you'll see like, um, maybe something like this Through it back to it Back up above it You know, and then you know, and you'll see the move back down to it Through it and then back up above it like this all day long Uh, so you'll you'll see these, you know Uh and And lots of volume too trading uh in in uh in these areas up in here And lots of volume here sellers in here buyers in here Sellers in here Buyers in here Anyway guys a lot of different ideas a lot of different things. Um, we didn't really see too much Today at all, um Boy, I think probably the best thing was going over the micro microstructural stuff Yeah, I'm probably That was probably the most insightful. Um, the uh The um book map, um Learning center though also just uh, re reiterate that one guys. Um, we want to centralize all the the educational materials In the learning center here. So, uh, if you have any questions, uh, you can go right from book map.com here, uh, and um You can go back to book map.com by clicking on the logo And then you can go, uh From here, you can either go to, you know, education Down the page or you can click on more and go to the learning center or click on education That'll scroll you down to the page and then click on learning center there And that'll take you here So all the getting started if you're new to book map the getting started videos will guide you through with very short videos All the different features Videos new videos in here on how to get connected our market mechanics course in here We went through a lot of that information today On the lower timeframe that we were talking about uh in here like what kind of moves the market and looking for the Um, you know more buyers at the high and then the kind of skew in the order book uh type of thing Uh, so, uh, I mean look at this this this is looking more like a crypto market to me Uh, you know buyers above these area sellers below it and then if we're right back up here yet again Okay, now, um, we we even looked we're looking for that cup and handle pattern in here totally failed Uh, there it is auctioning up here though Okay, so we do have more of a skew at the top edge And we're back up here again, but we we really need to see like, um You know the commitment of the buyers up in here Uh for the move up into 65 Yeah, so anyway, that's what we got. Um, and uh, let me see if there's any more questions in here Yeah, well, that mean yeah, so this is looking good for the move to 65. God it just This is exactly what we're looking for. I I kind of turned my head for a little bit and then uh, the volume picked up in here so, uh, yeah 65 looks great, um, and, um Uh, let's see if they can move it. Uh, the next level I would be interested in structurally is up here. Okay This is where it kind of chopped around and and then broke from and retested in here So it would be 66 and a quarter Uh, once we get through 65 Uh, and then we're talking about back up to the highs of the day and then our 70 level Okay, we're so this scenario. I mean we didn't give up on it yet. Um, you know, we had to move back down uh, and um We know that there's some strong momentum on that hourly in here Okay, now, we don't know yet. We don't we don't know if we have conviction of the buyers But if we can get that conviction up in here, especially Look for the scenario on the higher time frame Buyers and we're looking for buyers right now to test first up to 70 If we can get those buyers in here in that order book, uh to commit toward that Uh, and we get the price move up in here likely we will get the move higher at that point Okay, because it's already tested up here a few times. There's lots of wicks up here If we can get up here on some strong buying it will break the wicks most likely And we can look for these little zones up in here around 75 73 75 something like that. Okay, so, uh, this is what I was talking about before Bottom of the range is in here And if you get that momentum you can look for a move back up to The this kind of uh You know high 60s or 70s level take some off and then look for the extension All right, so you can trade up to it Take some off and then look for the continued momentum To the upside All right, so it's just different scenarios lots of you know different trading strategies and different scenarios in here To take a look for uh, you know, how how would that work for your market profile? Well, it's the same ideas in here. Uh, you're looking for volume and transactions up in here Okay, uh, and then you're looking for the uh buyers to come in and then trade up into here 67 this high volume node or you know this kind of uh A tapered edge up in here, which are high kind of highs of the day up up here Uh, and then you know take some off. We're trading from the inside out But looking for continuation Right because it goes along with that hourly, uh hourly chart All right, so uh, anyway guys, uh, let's wrap it up. We're we're um, just at the end of our time here and we We have tom b next volume profile trader Uh, and then uh, after that we have a Fausto Puglici at 1 p.m. Right pro trader webinar with with Fausto So guys if you like this, please hit the like button that helps us And we will see you tomorrow and catch up with you then. All right. Thanks everybody. Have a good day. Take care We'll we'll see you tomorrow