 clicking the go live button here. Sorry about that guys. All right so welcome to the webinar live trading webinar here it's live analysis Monday Tuesday and Friday JTrader tomorrow live trading stocks and then futures on Thursday with Scott Pulsini. So let's get rolling here and then futures and jump into the markets after we go through the risk disclosure here quickly. Please understand though that this is 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 a substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. All right let's jump right in and see what's going on here. All right so we had some CPI data earlier this morning mostly in line so the core was a bit off but we saw some volatility as you can see here at 830 in this nice move to the upside and high liquidity filled up here okay. You guys will know it again and again how well you can even see the volatility around this area here if we zoom in and how liquidity is pulled before the event until the numbers comes out and you'll see usually price go to areas where they do stay in the order book like here for example and then when they come back into the order book as well that everything kind of lights back up again all right so the yeah we're going to you know look at you can see we had to kind of sideways consolidation with a slight move to the upside and then you know 830 930 moved to the downside and then right back up so basically looking at the cash open and the data here at 830 you know we've been bullish here you can see the bullish move high liquidity up here and these areas here at 930 come in at what is this is about 4490 and then also up here just above the figure at 4506 or so all right so maybe we can see price rise up into these areas later in the session I want to take a step back though and let's go over a higher time frame first the daily chart here on the left hourly in the middle and then on the right hand side we have the 15 minute chart here all right you want to look at AMD looks like we can we can do that and a good morning techie girl all right so let's let's take a quick look here hold on at the higher time frame and what I want to go over is the the daily chart here these are the levels we're looking at yesterday all right so we were yesterday we were talking about the swing here and the the day started off and we're looking for a test of that area it was around was around 40 okay so I'm sorry maybe we're dropping below that area there and then we're looking for continuation down to this swing here I recall it was 4413 or so that we were we were discussing that's where the price went the rest of the day so what I'm driving at here is top-down approach and understanding kind of the order flow just from the candlesticks here to give you kind of higher time frame levels to then kind of generate a plan from and what to look for in book map to give you direction toward some of these levels here or away from some of these levels all right so the the hourly chart here you can see all of the back and forth in here and and then we see this this move down into the yeah even below the 13 here a bit below it back down to base basically the figure here at 4400 and then we're right back up now all right in fact we have the potential now to fill the gap that we're looking at yesterday okay so maybe back up into 75 or you know a complete gap fill would be around 85 or so up here right so we can take a look at that and we've already marked up that level over here on the 15 minute chart let's just make it a little bit better there all right okay so we're in gap territory as you guys can see now the question here looking at the 15 minute chart is are we accepting up at these levels here okay above this swing high here and and this is around 58 or so okay this was from yesterday cash session here right so we are above it or right around it I would say and we want to understand the order flow here okay are we going higher what we looked at in book map here up here around this 91 and or 92 and then up here around this 4506 okay let's align that here why is there high liquidity up there okay so the 92 level where is that it's up here way up here and this is kind of where it is up here and then that that 4506 is way up here and it's pretty pretty far away and that's asking for a lot here but we can see the initial drive here in the cash session pretty pretty good pretty strong we're taking a bit of a pause right now probably getting some profit taking up in this area here and a bit of a pull back here on the 15 minute fact let's drill down into a five minute and take a look at some of this order flow here and I'm gonna have to go back to one day look look out all right so yeah makes sense I mean we could even you know see a further a further drop here on a very very steep pullback not seeing too much in here and for areas of the pullback I mean maybe you know the wick here there's some previous wicks over here you can barely see but maybe a bounce around this 50 level sounds pretty good and then maybe looking for a move back up okay so that's one of the scenarios here if we get more selling coming in then we're looking for move back down into maybe the swing here around 43 or maybe even down into some of these other wicks or areas down here around 36 okay so just kind of outlining some some areas to look at in book map and understand the order flow here alright so let's jump into book map and take a look here and let me know if you guys have any questions and we can you know answer them in in live live market here all right so some liquidity filled down here okay nice move on the on the pullback here and you know here they are at 50 that was our pullback we were just discussing and let's see if let's see if we can get some sellers into that area here you can see that just right now we had a skew in the order book here with some you know high liquidity coming in on the on the offer showing some supply here the reaction was some sellers okay let's see if we get some more sellers here right now at 54 and maybe they can move it down into our 50 level and there's nice bird down there currently in the market just one transacted all right let's see here these volume dots a little bit bigger all right sellers let's see if you can do it no that's not a that's not at all what we're looking for a balanced back up here okay let's see if we can get back down here we're gonna zoom in a little bit closer here okay so it did auction down here and then immediately rejected and came right back up you can see though where it went top of the range here okay now we have some buyers back up above the top of the range okay so likely likely they can get back up into this kind of 56 or 57 level here okay and then maybe we can get even a breakout of it but I might be asking a little too much let's see there we go okay back up to the top of the range here I really curious to see if this is gonna fail there's some exhaustion there's some supply okay but they're bidding up here all right let's see if we get our sellers back down here back to point of control and maybe back to the other side of the range here and looking for a false breakout here okay now in the order flow here you I can say should no I like the suggestion and likely that I think it sounds pretty good the here's our move back into and trying to get through point of control we need to see those sellers really push it through here right around 55 here okay and then we can get down to 50 or at least bottom of the range and then maybe our 50 level here okay so nice little kind of failed breakout at and now it's still my trend here okay we need to get through the you know this kind of point of control area here you can see it bouncing at the moment right so it's still still kind of bullish activity basically because it bounced off of this here we need to see sellers push through that area if we're gonna get to the other side of the range here okay so now now this breakout has the potential for working to the upside here okay and you can see what's what's happening already it it's not even getting back up into there and that now we're back to that scenario here looking for sellers to push it through back down to 52 and maybe our 50 level and maybe a little bit below that as well okay so let's see it let's see if these sellers can muster the not not really seeing it yet in fact we're seeing them bid up a little bit here alright sellers come on let's see you push through back down below into some of these areas here okay you've tapped the other side of the range it failed but we need to see sellers down here that's really the key if we don't get them then they're not going to drive it back down to the bottom of these levels here and we're and we're reading the the order book in here and you know it the read right now is like that we're open to these scenarios we're not seeing anything tip us off right now okay we're not getting too much insight we're looking for that scenario to unfold and it didn't really tell us much in these areas here and here's the result we're back and forth now we do have this high demand it just came in here at 55 and it seems to be kind of repelling the the sellers here and finding buyers instead they pulled you know now now you can see it's just back and forth in here so again like I think what's really kind of key here when we're reading the order flow here and you can see we we're not getting too much out of it I mean it's not telling us much and we just sit we wait we wait for something to give us a much better insight and clarity here and we have a nice little move down here is a little bit of a stop run but still nothing no clarity yet in this in this small range here okay if we get our sellers here again okay we just exhausted out here looking for our sellers here and still nothing okay there they go all right sellers should be able to drop this a bit lower here or likely to drop this there we go and it's exhausting but let's let's zoom in a bit closer here they go all right so it's auctioning all right there we go there's our 52 looking for 50 and 50 is a nice level here I mean it's a pretty key level here to be honest not only is it the big figure you can see VWAP I have VWAP and point of control there and look at this breakout here so there's a lot of things going on at this 50 level here all right so yeah that's a very very key level for today and very look at this massive transaction down here one trans one price level transaction there we go there's our 50 okay and through it that's kind of surprising I'm looking for a bounce around this 50 level maybe this is going to be a stop run below and then a move back up and so we're going to be open to that and we're looking for buyers here around 50 and a half and we're looking for the book to show some demand in here and we want to find our buyers in here and nothing so far okay it's still exploring to the downside here this is a nice move though we have you know some big icebergs in here and we also have the stop run here okay so looking for here here come our buyers alright let's see them try to move it back up to this liquidity here at 53 that would be the anticipated move here okay they're pulling at 53 now we can get back up into 53 is a good area in here for maybe 53 and a half and you know yeah the way that you can consider some some management in here to reduce some risk maybe take a position off alright and try to hold a runner here or you know if you're bullish for the day which you know we don't have any reason to think differently from the cash session here then maybe maybe we can get to 60 maybe we can get up into 70 and you know the higher time frame up into these much higher levels up here around the big figure okay 4500 now that's asking a lot based off some small order flow events in here but open to these scenarios and we're going with the trend here okay so as you can see they can kind of outlining there's so many different ways to trade this depending on your time frame so you might be looking for you know much much higher time frame and holding for these levels so you just you just spliced in and optimize your trade with a great entry now this is not a recommendation this is just you know things to consider for your trading plan or your trading optimization here okay fail to get through the point of control basically of this range up here as you can see it bounced into it and we've kind of faded back down now let's get some insight now okay one of the scenarios if we're bullish here and the scenario we're looking for is these buyers up at this level here some exhaustion here on the sell side buyers in here and and we need to see them push through 55 okay with a lot of volume you can see we're getting one more test right back down here to 50 good morning David stream is full yes I I'm only streaming one maybe you may have to jump over to YouTube or you will have to jump over to YouTube okay thanks David all right then there is a little bit of a delay in there in YouTube just a few seconds but and that's on YouTube side so that you know if there's disconnection issues that there's at least you have some some data already buffered all right well you can see why like a on shorter time frame here you know consider taking some some profits up in these areas because these are you know just higher probability you know outcomes that we're looking for this move right now to work for this time frame okay now that higher time frame we don't know but you know it's still in play here in fact here's our double bottom pattern okay we have sellers on the downside here we'd like to see some more buying actually come in a bit more up here and it is it is kind of you can see though like you know heavy selling here taking control but buyers really test it up here and we're back down again though okay and you know we're not seeing a whole lot of volume here we're looking for this buyers to spike it here so let's see if we get it here because they've already auctioned here at the top of this range around 51 and three-quarters okay we need to get our buyers back up here again and then we can come right back to 55 here and then break out from 55 watch the auction up here at 55 okay that scenario we were looking for up here looking for you know another rotation up to this area and then the potential spike up into 60 here okay so look at them testing the market in here 54 53 liquidity coming in starting to find buying interest alright buyers this is we've rotated in here a few times let's look to see if they can break this here and back up into 55 nothing yet okay pulling on the offer let's see if we get our buyers in here nothing yet yeah nothing nothing shaking so far okay instead we're getting sellers here okay back by on below stoprun beauty okay 272 on the stoprun all right right back again all right buyers let's see if you can make it to the other side of the range 52 and then buy continues and then up to 55 here okay this is a really nice stoprun in here guys like you know right into high liquidity down here and then the bounce right out of it getting buyers up here let's see it buyers you we've got one wrote a couple rotations up here and that did auction here so we got some buyers up here one more rotation and some buyers and I think we can get our break out and move back up into maybe 55 a some liquidity here at 53 and a half all right buyers let's see let's see if you got it here a little wind at our back so a little more in the order book here would be great on the bid okay here we go buyers show up let's see it cannot nothing yet and this is why like you know we look we look for something that's more likely to unfold when we can see the buyers up here because this is what happened here so now we talked about this the other day about because the order flow is shifted it changed right here this kind of sweep lower we already had the stoprun here so I'm looking for them to to drive it the other way we're getting the move and continuation to the downside through 50 I'm still looking for buyers to re-attack this area here back up to point of control and and maybe through it but you know nothing yet in fact sellers are trying to drive it away from that area here and they are driving it away from that area got some icebergs here some stops as well let's see if we can get buyers right here around 46 and 3 quarters there's our skew in the book a little volatility going on in here interesting okay looking for our buyers here and then looking for a sweep up into 49 and 50 back to point of control okay careful here careful I can get one more leg down and then get that move back up okay we're still in the consolidation in the range okay some buying interest right now let's see if we can get up here get our buyers and then the sweep higher now no not at all okay another iceberg 500 or it's the same iceberg I'm sorry I love this on-chart iceberg look at that that's just amazing to see look at that it's huge okay there's 1200 1300 1700 2000 icebergs look at look at that absorption guys all right if we get up here we should get the move higher back to point of control a minimum kind of looking for that as a as a likely scenario here they're still in the book they're still absorbing look at that guys this is amazing to see okay look for them look for the buyers here oh even even shifted and moved it lower look at that devious okay still looking for buyers up here and then the move higher this is really smart move it back down like that and and try to get a better fill on the iceberg more stops triggered as well okay if you want insight to some of the larger players here that's that's it and and they just they got as much on as they could and then they then they they moved it lower okay let's see if they chase in fact I'm curious to see if they'll even chase I've seen stocks icebergs and stocks just just by witnessing it we didn't have the iceberg detector when I actually was demoing this to a user okay there we go so executed for 3000 okay fully executed here at this price 44 all right so keep an eye on this 44 level here if we get buyers back up above it yeah that's gonna be a critical level right there at 44 okay this must mark it up okay here here we go let's see it buyers all right so back up here 46 and let's see if we get our move back to point of control and VWAP here and and and likely or look for the potential for the move through it back up to the top of this range here at 55 okay this pullback where did this pullback come to as well let's take a look here sorry guys going through the yeah I'm sorry I can't open another stream right now we'll you'll have to go over to YouTube Vindic just go to our YouTube channel this is beautiful stuff though guys like to see like you know 3000 icebergs filled in here and looking for this mean reversion type of trade here so it's a weird mean reversion as well look at this point of control it's just one level here with a spike okay and in the profile there which is kind of you know kind of odd so it's not like a huge kind of you know bell shape curve with a you know beautiful high volume node in there nonetheless like you know looking for these these buyers to see if they're interested here due to this iceberg activity okay here we go this this is more likely now okay we were auctioning up here okay there's some exhaustion looking for buyers to lift it right now up to here top of the range and then let's see if we can get our follow-through here now what I was gonna mention earlier and and with a huge caveat is the the likelihood or the see how it had to rotate one more time here and then now we're getting it okay and now we should get continuation as well looking for it likely to get continuation so but this scenario is a little different in here than what I was going to cover earlier but what I want to talk about here is some trade management because we're looking for these buyers on the other side here right okay what precedes that what typically precedes that to before you get these buyers on the other side here at the bottom of the range what would you be looking for that would help you here comes our scenario guys looking for the follow-through now 50 and through see if we'd even get through 50 beautiful little bull flag here starting to set up okay and again bull flag let's just talk about what it is not to not don't worry about the term bull flag instead what we really want to know is the order flow that makes up this pattern and it's failing here it's totally failing I was looking for a nice move sideways consolidation and then move higher back up into 50 here so exhaustion of sellers beautiful that's it travel and trade that's exactly what I was looking for no volume and exhaustion and so now when it's like a low volume pullback as well it's very similar you see how there's similarities to these things there's kind of a rhyme or rhythm to them and you know we're looking for exhaustion down here because we're looking for the scenario for due to some of the other order flow phenomena over here and activity that we saw we're looking for buyers to come in and start to lift this and then we're looking for buyers up at this level here and what precedes that is exhaustion at the bottom of these other levels in here right so if we're looking for that and we're looking for the buyers up here then we want to see the auction failing down here exhausting out not trading down here trading up here instead so this looks good I think I mentioned it in here with they tapped it one more time here and then and then finally came in and then moved it back up to 47 top of this little range here and then we're looking for the breakout and the move back up into 50 okay and it only got as high as 48 here and that's it and then you can see we're missing the move here down to the downside but that was the scenario and what was dangerous or something to be attentive about is starting to understand some of these other levels in here where if you're anticipating that up here a buyers up here and then and then the move higher be very careful here because you know sellers took it down here were sideways consolidation and you got trend continuation here but you're anticipating that move now if you saw like this big move and then big buying up here and then exhaustion on the pull back in here that would be different to anticipate if this was an uptrend sideways consolidation pull back and then large trading up here and exhaustion here that would be much better and then then you're looking for exhaustion here you're kind of reducing the risk and looking for the more likely move to at least test up here so what I'm talking about here is in trade management you look for that exhaustion in these areas and more or less like a low volume pullback and then you're looking it's just bottom of the range though and but then you're looking for the at least the move to the top of the range okay and you can reduce some risk there for us that would be a scalp of course in these small trades but it could be a large range that you're looking at as well it could be huge it could be for the day and you could be looking for the same scenario and and then you're looking for the likelihood for the continuation because of the trend move okay so this this you have the trend going against you which is not good alright so anyway be very careful about that and anticipating the exhaustion precedes it but it could fail and then move right against you very very quickly now that's the risk that you take okay you got to take the risk in trading and that's that there's no way around that one so that's the risk but you you also have great reward with that risk was my iceberg setting on the ES let me let me show you here yeah it's not showing up in here unless it's a certain amount that on chart now the sub chart is showing every single iceberg and every single stop you can see my my axes here are not aligned and many more icebergs in here than there are or negative icebergs in here then stock stops in here okay so here's an iceberg for again for still in the market 115 already transacted right here so it looks like it's a pretty big one it's over a hundred for sure okay nice stop run here as well 400 and what I like about this setup here is the this context okay so this is the the sub chart indicator in the way I have it on on the the settings here at summation very very just blunt and simple it's cumulative volume of Delta but there's two different lines two different axes here but I have the context between the two okay I know that this is a lot of icebergs here and then we measured it here with 3000 we know that and then we know there's a lot of stops here too okay just about 400 and we have this context though so this iceberg although they got filled here absorbed a lot you know price has gone against them this is where it's tricky with icebergs and you know larger players can have price go against them and they can still get filled and and average their their position okay so let's go to the on chart indicator that was the question so let me get in here and stops and icebergs on chart okay and this is the setting I have here I have it on the automatic threshold and and once once you click on the automatic threshold here okay you can see that is grayed out but it says you know 1122 here right if I deselect that now I can change this manually to whatever I want input a value in here I can put in 2000 whatever okay let's go back to the automatic threshold click back on it and it goes back to 1124 now based on standard deviation within 60 minute time frame okay and a standard deviation multiplier of three if I want to bring that down to a one point or just one a standard deviation 417 show me icebergs of 417 or greater okay I really like this filter I think it's a nicely nicely done okay here we go another huge iceberg that 115 still in here hey here's a transaction for 759 it's still in here here's 874 and and let's see it there we go still in here still ticking and and goes right through it interesting okay did it execute no they they actually wow look at this okay they moved it right before right before so they did not get filled there and still in the market here with 914 okay this is see the behavior here of this player this is most likely the same player over here that moved it away as well to try to get a better fill so larger players able to get you know put on size 3000 unbelievable and then put on another 900 after that okay likely the same player they're defending this area down here you can see look at the iceberg transactions in here to 1415 right here and assume into that area and let's mark these areas up here because we want to see really what what's going on in here in fact they change this guy chased here with his iceberg he's afraid that he's not going to get filled wants to get filled so he chased after it and got filled executed for 1415 all right let's mark that up okay it's a zone here and let's zoom out all right and let's just reduce the heat map here for a second okay so that's the level up here and you can see how they defended it here another 3000 now now it's going against them and they're still they're still in here buying really interesting dynamic so let's see if we I'm based on this and this is why we look at when we look at order flow here it rules first hey icebergs come second or you know stops in icebergs or CBD or whatever it might be VWAP etc it always is secondary order flow rules the market and then we look for these as confluences in here to support these ideas all right a lot of questions in here or a few questions in here thank you cart hit that like button yeah the what is the difference between sweeps and absorption indicator as these yeah that the sweeps and absorption to kind of mimic some of the stops and icebergs behavior it's very different though the the sweeps is showing well maybe I'll start with absorption indicator and let me I'll show that in just a minute here so just give me a moment here I want to kind of catch up with some of the other questions in here and see what's going on I think we're good okay so the absorption indicator let me show that and I don't want to take too much time going through some of these things unless we see something significant in the order flow then I'm it's better to cover it at that point the reason being is that we're here to read the live market and so let's see these transactions this 910 here let's turn the heat map on a little bit more these 914 here well yeah in order of importance basically order flow first and then sweeps and then exhaustion and I mean it really depends then after that like what we want to read is in the order flow price structure first then the volume within that price structure and then the context of the order book within that price structure as well so price structure I mean look at this move to the downside like you know who's in control and where well sellers moved it away here this is why we look for these kinds of moves and consolidation movement sellers consistent selling all the way through consolidation more selling coming in so we're you know in order flow is telling us we're bearish in here looking for trend continuation until we see something different we've been looking for the buy side in here due to the confluence and you can see how maybe that kind of trip me up a little bit I'm looking for it I'm waiting for that scenario and I miss I miss these moves to the downside okay due to like additional insight in here of these of these icebergs okay so let's just zoom out and look at our higher time frame levels to maybe we can get a little bit better insight with the confluence here of the icebergs by looking at structure and and the swing low would be down here as you can see it in the profile as well there's a ledge here you know fall off the ledge here and and fill in this with a lot of selling and that's due to the CPI data over here 830 and we might fill that in all right let's see if we do here comes more selling okay iceberg is still in here this is why order flow rules right and fit look here another 3000 icebergs you think it's the same guy it's got to be 3000 executed over here 3000 executed over here behavior was similar moving it away etc. all right so I think we can we can leave that to rest we've identified that player the so yeah so yeah you can see that did even with 6,000 icebergs in here the order flow is is ruling the the market it's 6,000 up here to selling interesting canceled up here after 21 okay so I don't know was he selling here and then and covering here no way to tell but well we know that these are they're buying the icebergs are buying here we know that we just don't know if they're entering or exiting it's a good question nice McDonald's M yeah yeah with a little bit of a skew to it I like it David yeah thank you all right well I'm really curious down here we're kind of down at this ledge here are we gonna try to you know see see people try to auction back into this area here now you know if you talk about like auction market theory and and in these areas we're not even talking about volume profile really we're talking about auction market theory is that it blew through these areas due to the CPI data over here it didn't really explore and and and auction into these areas to see if they're kind of fair prices so the theory is it needs to kind of come back here and and test some of these areas and see if there's people willing to trade in these areas in here okay you probably hear all the time the the markets are they're designed to facilitate trade and that's part of the theory here that it would come back down into these levels here and see if there is desire to trade into these areas or are we gonna reject okay so if we if we look at where things have traded they've traded up here in this big huge volume cluster up here so this would be a range bound trade and and you'd be looking for it to either exhaust out here or a stop run into this area and then buyers on the other side to reach back up into the middle of these ranges here okay so if that if that's your your trading style and you're looking for it great all right so then then let's look for it in here as well in this setup it makes sense though we have now a higher time frame range in here to consider and and this larger iceberg in here we have our stop run we have everything here we're looking for buyers here and then we're looking for them to move it back up now the caveat here is we're still in a downtrend and we're still you know sellers are in control however we we have a lot more information now a lot more information here okay we're at a higher time frame level in this uptrend and this swing here right so we're looking for a kind of mean reversion at that point and we're we still stay with the downside until we see something different but you know look look how buyers came in here and look at the retest here already now looking for buyers back up here and let's see if we can break above this little range here as well as our trend line and then we'd be looking for a move back up well really the first stop would be where they they dropped it here which also is a little high volume node here okay around 38 and three quarters and maybe they can bring it back up into above that into the swings up here 42 44 and then you know still still really curious looking for these traders to get back up into the back to a point of control in VWAP here we VWAP as you can see kind of dribbled off here back down to around 48 or so right so we're looking for that we're still looking for that scenario here and you can see where buyers did take well they're trying to take control here sellers all that selling in here but it is a stop run right so you know buyers in here bouncing off of here looking for them to extend it here so up here at 36 looking for the buyers here let's just zoom in okay let's see them bid up underneath here let's see them pull on the offer and looking for the buyers here and then they're looking for the move higher okay so like like like we mentioned like you know this is more likely to unfold now we have all these other things on our side here we have a higher time frame level that we're looking at now we're looking for the order flow around that higher time frame level here okay if this accepts higher next one is 39 and then back up to top of the range 42 and we mark this up here due to these icebergs in here but I still like to move back up into these levels up here here's why we had that big you can see the big volume dot here it immediately changed point of control from the moment of inception and it still rules here is the highest volume node up here yeah I like I like these M's and W's as well David this M here beauty for those of you who like to trade M's and W's and talk about that well you know you can look at this candlestick chart here and start to understand also what's going on in the order flow up here on this move higher so let's actually take a quick look at that and I will get to AMD here I do want to cover that I'm seeing something a little different than your M quite quite different there David the this actually went higher here in book map is what I'm seeing we started the webinar after that area here that was the NQ okay yeah well you can see in the NQ in your chart there and let's just jump over here cuz like you know I'd love to look at it in book map in this in this pattern up here this is where it's trying it's trying it's you know buyers are trying and they just can't do it and you know buyers up here into high liquidity buyers up in here let's just reduce the heat map a little bit buyers up in here steep pullback buyers come back up again they can't make a higher high up here boy this would have been really good to look at it in the S&P as well talk about correlated markets and this is where you know it looks pretty good like it's gonna accept the buying looks pretty good and then look look at the the move back down interesting usually you see this kind of move here down here and then sellers trying to drive it lower it's a little bit higher so a little bit back and forth and then the sellers see how we can match up here and match up over here it buyers taking control sellers testing that and then taking control to the downside and look at the retest back up to retest that area as well continuation right trying again can't even make it sellers come in take it back down okay we should take a look at NASDAQ more often it's it's got some really pretty moves in here like that I really like it okay S&P's kind of testing this this area in here and let's see if we can get it here right yeah I'm Moss the the only reason that that you know I was I was a little confused there I think maybe a little biased with the starting to read the icebergs at certain levels and it just have to remind myself again and again as well like it's really order flow first always always it's like reading that the you know the tracks in the sand you know you can see you can see like where traders are you know committing themselves alright let me add AMD in DN here and we'll take a quick look at that hold on a minute DX feed AMD let me add a little bit more data in here it's trading the high liquidity around 96 high liquidity down here and front running 96 actually well not not too much insight here I mean I do like this high liquidity down here and also the front running of it so that's showing you know more more demand and yeah I'm just trying to see if we can maybe break some of these areas in here on some high volume and and look for that order book to help us out here as well you can see them testing right now and let's even get up to 97 maybe a quick pullback here 96 and 60 96 60 no they're gonna go right for it 97 looks looks like hey yes you're probably be turning around as well it is okay so yeah we're up into the level where we drop from here let's turn this heat map back up a little bit and they pulled up here alright buyers let's see it we've been waiting to see when these buyers can try to bring it back to mean reversion get some insight here okay buying on the bid they got filled by sellers so there was some selling interest they they played into it and we haven't seen any any follow-through after that big big event here this transaction we're looking for follow-through after that and we don't have any clarity yet so here we go with the buyers let's see if they can get back up here for 39 and a half and then nothing auctioned up here nothing and it was a lower high here so not surprised to see sellers come right back in a book showing some interest here I like it we see reaction here by buyers okay so let's see it I'm I'm looking for it looking for buyers up here and then the break higher back up into yeah our 42 level up here I like it 42 looks pretty good so there's our scenario looking for these buyers here this would be our kind of a you know move higher consolidation above the structure here's our structure here's our other structure bottom of the range alright and you know we we're discussing we've talked a lot about low volume pullbacks something comes to mind in in here is starting to understand like if this is a low volume pullback kind of within the range here okay and I'm getting my answer and I was kind of I didn't want to allude to the downside on this one but I would like want to pose the question of why in here like you know I'm looking for this in anticipating a move back up here and more buying but what it was telling me in here that that wasn't as likely to unfold okay what do you guys think techie girl this is right up right up your alley to start to understand we're talking about kind of pullbacks well we're talking about moves within the range and kind of using the knowledge of a low volume pullback and the order flow of a low volume pullback but within a range yeah no buyers at the top you guys are getting it no buyers at the top of the range and look at look at the selling okay look at the selling in here right so is this where we need to see that we need to see the buyers up here and we need to see like in fact we can read the opposite in here sellers taking control trying to move it away from that range here here's our pullback to it and this is low volume this is the low volume pullback here actually it would be better to see a little more selling up here but this is a low volume pullback here if we get our sellers here it makes sense we'd get the break okay David nice trading yeah I'm still looking for this kind of mean reversion type of type of trade to and just not not getting anything or no follow-through in fact you know tons of selling really really picked up in here okay that's why like it really got it like you know it's best to clean clear your mind of biases and just read the order flow like order flow is telling us like it wants to trade back down here at 33 and a half here there goes and and if it can do that and we still see more sellers looking for follow-through to the bottom of this range here 30 31 and a quarter and so and looking for a nice stop run down here too yeah I'm so bad that that's great I mean like love love to hear that I mean once you start to recognize some of that up in here you know the likelihood of of that being kind of a low volume pullback and anticipating back down here some exhaustion and then a move back up here it's it's a lot less because we're not getting what we wanted up here and in fact the sellers to you know the big selling bar and and stream a dots is here okay also over here right so we're reading that we're reading that in context of this range here we don't want to see that if we're going to get our breakout of you know strong move consolidation strong move to the upside yeah so David you're looking for maybe the drop off the cliff here and back into this kind of poorly auctioned area in here and try to discover if there's any any kind of interest in trading in here yeah we might we might okay let's read the order flow within these ranges all right so in this range here like maybe someone someone point out something in here kind of kind of looks pretty good pretty good where they took control and then what you would kind of look for in continuation okay it happened around 1106 so yeah it's right in this area here right moving it away from this range up here 1106 sellers retest back up here here's our low volume pullback yet again and then sellers come back in now this buying up here in terms of in control this is where it gets you know kind of lopsided in here we're looking for that strong consistent buying but we want to see it with the price movement we don't want to see that strong consistent buying up in up in this corner up here because once sellers can get below that area then you know they can they can we look for the stop run here in fact and this verifies it right because they're buying up here not they're not in control down here they're in control only up here at the top and that's like not really in control so so yeah is this in here I mean there is there's a little bit of buying above it here but you know from where it broke from here for sure but they they they took control here and moved it there you know this is where it's possible to be up ended but then you can see sellers come in and move it right back down in to the range here okay so at this point here you yeah you're looking for and we were to we were reading it and saying okay let's forget our biases and look for the move back down to here and the move back down to here as well at 31 and a half now it came shy of 31 and a half but you know it did make a lower low in here yeah good stuff though boy I remember there was a few days that we were looking at really challenging price you know action back and forth and it's in you know you see it all the time like like this in here see where that volume is taking place now it's a little bit trickier because they just trade it up here again with high volume so it's starting to accept now up here right that's different so we can actually get the breakout now here 37 back up into 40 here and here we go right okay does everyone everyone understand that okay why we're looking for this to maybe break out and see if it can continue here there's the back and forth here likely to continue likely to continue the only thing the only thing that would disrupt that is the selling back down here at 37 but this is this is the move we've been looking for and waiting for this could be our mean reversion trade back up into view app and maybe a 4450 as well okay looking pretty good we're getting our volume up here now this was this was a let's go through this variation in here we've been going through these variations I think they're very very helpful here I hear here's what we were talking about is I started it off talking about I don't want to make this smaller it's not it's not a range so the volume that trades up here can be upended if you get the sellers down here and then they'll take it back down to the bottom of this range and then you'll see a lot of selling down here and then they get upended when buyers come back into the range and trade it back up you know to the other side of the range we've seen days where it's been doing that like it just bashes on one side bashes on the other side bashes on the you know the same side again here and it could be kind of tricky however if you start to see that like you can really just pick up like winner after winner it could be very high probability you know outcome and boy you can you can really you know ramp up your your P&L from that if you're hitting like 70 80 90% of your trades there okay so anyway this was a little different here and the reason being was that we had one barrage of buying back up here a high high high volume on the buy side here and they could be trapped if you get the sellers down here but we came back up and did it again right and then we did it again up here this is looking for a breakout okay so even though it's kind of you know it could be trapped if you get the sellers to drive it back down into the range but if you get acceptance up here we're looking for it to continue okay does that make sense again understanding these ranges and the volume and the order flow within it okay the order book in here didn't really help us too much a little bit in here as you can see the skew but the volume is already telling you before before you get that skew yeah the volume point in control has not moved it was just that massive transaction at one price level but it looks like it's just about to move and the reason mine's not as high I think I have it yeah it's reset for I think it's reset for cash anyway we're looking for that mean reversion now okay and we noticed it and mentioned it for that possibility in here but can you guys see can you see why I mean that now follow-through we didn't okay we're looking for just for the move back up to the top of this range here and it took a little while to get up there but the now you can clearly see it in hindsight you know that's and that's no problem in fact it bounced off of this top of this area here a couple times and then in the gut continuation here okay and still still looking for it still looking for it okay looking good I'll tell you these mean reversion traders are relentless I don't know what you what you guys experiences have been but like they just don't give up until they achieve what they want to achieve so just you know you can just let this kind of float on up to these areas here a lot of the times all right and this could turn in also to the bigger move for the day not just mean reversion it can it can blast through it back up to 50 back up to 60 we're looking for that move over here right around here we're looking for a bounce off of 50 and then move back up to 60 okay 60 then 70 and then back up into these levels here these guys are just waiting patiently just waiting these are really high levels here if we look at our higher time frame guys look at our high our candles we marked up some of these levels in here I mean this market structure stuff is it's just beautiful stuff it's just you know now we look for the order flow around those those events in here we talked about the potential for the pullback to this level here in fact we looking for immediately up here maybe it would bounce off of this or in this area here which is 50 and if it didn't then we'd be looking for maybe the bounce off of this area down in here which is kind of what it did it went down a little bit lower to just below the swing here and then the move back up and the five minute chart over here on the right hand side I'm not really seeing much until we get back up to here to be honest this looks like a good little area that maybe this little little swing in here as well as you know kind of some back and forth in here so that would be around 54 53 54 up in here so let's take a look at book map okay looking at 53 54 area up here I don't see anything so we're just looking for we're back at VWAP already and then we've already tested it here looking for the push through it and see if we can get up into 50 and then yeah our 53 54 area is right in here kind of structurally and it's really it's really around 52 maybe so anyway I encourage you guys go back and study up on your mean reversion trades they happen around you know it's hard to say or quantify the somewhere between like 10 to you know 11 11 30 a lot of times you get that strong initial move in the morning driving price and then you get the mean reversion and then you get the trend continuation after so today it's kind of what we're seeing here is the strong move here from the data the cash open here continuation the strong move comes back down retest the cash open here the bottom we talked about this on the higher time frame level okay and the potential for this this to unfold back to mean after is come back down to this level so this is a higher time frame you know set up or outlook here or at least for the day put it that way it could turn into for multiple days it's possible okay I'm so bad so that I mean we just had a lot of confluences down here or we had higher time frame level in book map and not on not on the candlestick charts but in book map and the swing down here and then we had you know reasons to look at buyers start to come in here and then trade it back up into just just these kind of you know average levels here I won't even say mean reversion you know average levels here and retest those levels now David had a good point if we did get our sellers down here likely likely we'll explore an auction into this area and kind of test it out and see what traders think about this area in here okay because it's poorly auctioned but you can see what the scenario that played out here is we got buyers off of that kind of bottom ledge here and then back into VWAP and still looking for that point of control here to test at 50 okay just about to get there okay yeah I know it's a lot so there's a lot you know to kind of cover and and we saw it in here this is where we saw it I really like that actually because I was covering something else to say like look for the opposite up here and and buyers being trapped in here and then we saw that actually fail okay we got more buyers and acceptance and volume up at this level and then down here very little selling buyers come come clamoring in or you know charging in again great all right we're looking for this now to actually not we're looking for follow-through after this and we got it and then here's your pullbacks in here as well all right youtubers sorry let me get let me get to a lot of your questions in here happy to do so okay so all right so you were looking for it's a eraser you were looking for the back down to yesterday's distribution level and then rejection okay so the icebergs that didn't didn't you weren't really looking for it the icebergs you were out of your you weren't looking at them yeah yeah that's fine I mean like it's really I mean it can really be helpful to see like this this is where it's tricky with the icebergs is that you know until this and we don't know if this 6000 over here okay and this guy covered over here down at this level but we do have these confluences here we have this level down here we have maybe this guy exiting his icebergs and and then it's like okay well that allows traders to to come back in and trade it back up into these levels and here we are back to 4450 okay from and talking about it down here around 37 or so 36 somewhere around here looking for the potential to the move back to to 50 and it can still go 60 you know highs of the day 65 a little bit above 65 70 and then you know I'm just really curious about these guys up here so that's out even outside the scope that we're looking for on our candlesticks here you know filling the gap would be here around 85 and those guys are putting their liquidity up up in these areas up here here 45 06 as well as 92 somewhere around in here and we're just looking for maybe a gap fill here back to 80 85 86 or something like that and I don't see any liquidity up there in those areas that'll likely come in a little bit later yeah yeah I was wondering about that too if this eraser if like this this high volume node here is going to be you know pretty strong resistance I'm not really sure about that I'm kind of curious of the opposite because we really retested back down here and you know a lot of times what you see is you see it more on the downside to be honest you'll see the move back down to an important level here and it'll blaze right through it maybe it retested once and it comes back up again it can't make a higher high and then it comes down here and it just doesn't matter as high volume node or not it just the sellers cut right through it I'm looking for buyers to cut right through this one and continue so I'm not looking for this to be really high resistance here at 44 50 I'm looking for it to be really kind of launching pad for the continuation higher to be honest because it kind of retested in here and then I'm you know looking for that buying momentum and then just continuation so anyway that's a possible scenario here now the higher time frame scenarios like you know this is why we go over all of this order flow on the lower time frame is you know we really need to wait and watch for that to unfold and and it's kind of a little too late in a lot of lot of cases whereas it you know it to get these points across and do it in the live market as it's unfolding or before it unfolds and look for the scenario really hammers home some of these order flow foundations and and really helps cement those ideas and concepts and and then that can be used on any time frame and so yeah yeah I'm looking for just to be you know blazing higher basically through that area here and let's see if we can get it now we know what it looks like buyers in control buyers in control and just taking it higher low low volume pullbacks techie girl MC local and then continuation strong consistent buying like this here okay pullbacks to areas where you know either structure or events like this one here now this one didn't bounce off of it funny enough okay so that tells us a little bit maybe that scenario is is due to this order flow event maybe that scenario is not as likely well let's see let's see if we get our buyers right now we should if that is the scenario then they have to show up there they are see there they are and now that's that's extremely hard to catch you have to be you have to be in this or already positioned for that scenario before this happens and that's a big stop run to pullback also some some icebergs in here a pullback but looking for continuation and there's a beautiful low volume pullback right there can't get much more low volume than that the one caveat on here in here on the on this on this move what what do you guys think it is what would make you I mean we're still bullish we're still looking for continuation but there's something in here that at because we're up at a higher price level but what what is it in in here that would make you just a little more hesitant deep pullback that's a good one yeah stop stop pick yeah yeah it yeah it's the the stop run up here at the higher level now it's only 28 it's not 493 or whatever it was we're looking at before okay but that that makes me a little just a little more leery about it here that is a stop run okay but you know you just you got to go with the order flow yeah it's not that many though that that's right I mean like and that and that helps that that that puts my mind at ease a bit you know it's like okay well then all of that volume in here is someone coming in or larger players coming in and just you know they're moving it and then they're they're triggering some stops and we talked about stop runs this is the example yesterday we we we I'll just pose the question again okay so this move here to the upside is it likely a larger player that made that move to the upside or you know is it you know a bunch of smaller players what do you guys think yeah larger player yeah why why why do you think that moss only a few stops yeah and not only a few stops look look where they're getting filled well I mean that's pretty typical I mean if it's a larger player comes in and just says buy hit the buy button and they're gonna sweep the order book against themselves like this look at the the move up here 28 stops within this whole little area in here okay there's a little bit of selling in here and in here okay so so maybe we had a few you know we have some selling in here okay so this is where the the buyer the big player came in though right in here okay right here so it's actually it's actually a few different moves in here it looks like some buying heavy buying heavy buying heavy buying interesting order flow you know a pretty pretty savvy algo in here Barajah buying stop Barajah buying stop Barajah buying very very quickly or rather quickly and then in here so stops could have been triggered and I'm sure they are in here to be honest let's just double check that and we'll show all stops in here and here's one here's four see how it they're getting you know we're seeing the little stop runs in here but then the 28 is this move in here okay after after the these sellers in here then in here all of this buying in here and there's a lot a hundred and five twenty eight well the 28 we know seventy four seventy seven twenty six so you know what is that you know I don't know around 300 or or or so something something a little bit shy of it all of these orders in here only 28 our stops and look where they're getting filled though so that means they could have been in here any of these price levels but this buyer had precedence his orders are going to get filled first whatever they trigger along the way if there stop orders in there they're going to get filled whenever he's finished getting filled so you can see they're just getting stopped and and moved up into this area here all right and that's got to be a larger player all right so anyway some interesting stuff in there so we had a few barrages of of trading in there okay and now where are we here and where is that 20 at 28 something here right here yeah so then we left off here okay so now you know we got some insight in here and it's kind of kind of funny because that because there's only 28 in here made me feel a little bit better that we'll get continuation okay and I would still feel I still feel that way what we can see happen though is sellers come in at the top top edge here okay and then see look where the sellers came in though look at the structure I mean doesn't get doesn't get too much better right sellers down in this area here driving it another big iceberg in here so anyway our plans or you know it's this 4450 I was looking for the quick move away from it and and continuation away from it and you can see that there's interested in selling or are dealing around this this 4450 level okay and exploring things around here all right so you know that scenario didn't play out but I was looking for it and and looking for the move move higher here right guys anyway let me let me take a look around here at some of the questions we may with the European close has come and gone so we're looking for more kind of a pure direction at this point and you know this is where sellers are in control here from right where we drew our rectangle but you can see even a little bit clear here around 51 or so they came in and just dumped in in here and they are in control you can see the pullbacks here back up to this area now only on this time frame okay are they in control from after 1135 you got to get buyers back up above that area for that continuation play all right good stuff all right let me get to a few more questions here classic support and resistance flip yeah yeah I mean it's really it's it's auctioning around these these two kind of important levels here we got our VWAP there we also have a structural level here I mean the VWAPs you know kind of aligning it but you can see like you know the move up consolidation the move up right in here a little bit above VWAP and you can see the buyers are supporting it still okay they're on the bid here and then here they come okay so now we're looking for again buyers back up here above the 50 level here 535 running iceberg is that a big seller it's a selling iceberg yes that they have already transacted 535 and they're still in the market live their iceberg is laying there at 4450 okay we're about to see what he's made of here there's an iceberg right in front of it just transacted so here we go let's see him there's 585 and that's it another 50 traded there you can see here we go again let's watch him love this stuff there we go okay 632 still there 633 okay we have two different icebergs up here okay at the same price level it's at you know it's at the figure so go figure sorry about that in anyway yeah so we have a few different transactions and a few different icebergs as well totally absorbed so far can't get through it buyers can't get through it last transaction was for two but there's two different icebergs in here okay let me show you where that is more details on the stops and icebergs go to here go to our book map and let's keep this guy open here go to book map comm go to the more button go to knowledge base in the knowledge base that puts you into the user guide section immediately and on the left-hand side you have the all of the kind of outline here but you want to go to the add-on section so click on add-ons here now you're in the add-ons section and this is the outline here and we want to look at stops and icebergs not sub chart but on chart so click here on chart and then you can scroll in here okay and it'll cover it okay what what all these different things are in here all right all right guys let's wrap it up we'll call it a day thanks for coming everybody look for you know Tom B is unfortunately he's away well I mean good for him late man jeez I mean you know he streams for like four and a half hours every day guys I mean what a what a treasure I mean really what what a what a resource there so you know he'll be back next Tuesday but you know we're gonna do some look for it here I haven't announced it yet but we're gonna do some webinars in the in the afternoon since he's away and just you know try to fill in a little bit of the space without you know interrupting him whatsoever and then you know getting some guys for you getting some you know materials for you guys to to bounce around and and have something in the afternoon for you okay so so look for that and probably tomorrow we'll do that and then we'll you know try to fill in a little bit with some of those events and then Tom will be back on Tuesday all right all right thanks guys thanks for coming everybody and we will look for those announcements and we'll catch up with you later okay good trading out there