 Okay, welcome to the Bookmap Live Trading Webinar. This is Bruce at Bookmap. We'll do live analysis here for Friday. And let's jump right in. General disclosure, all Bookmap 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 central risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. All right, let's take a look at some water flow right away here in Bookmap. And just looking at the cash open here and some pretty interesting moves down below, some levels here. High liquidity comes into the book here at around this 43.65. Here's the cash open 9.30 to move to the upside. Back down, right back up into high liquidity, yet again up here. And then right back down into high liquidity down here, one more push down below, and now we're getting the trending move. All right, so the move here to the upside. So trading the open, especially during this kind of geopolitical period can be kind of tricky. Any trading during a geopolitical period events that are unfolding can be very, very tricky. And you'll see this kind of movement back and forth. Again, you can use liquidity to your edge, to your advantage, understanding like where they really are in the order book and do they transact, where are the stops, where are people getting stopped out, looking for reversals back into the mean, mean reversion type of trades. It is very tricky. And the news can come out and everything is changed. So yeah, because of that, be very careful and keep your ears tuned to the news to see what's going on. And it's hard even to do that. You listen to the news and even if you have it like real time, I mean, there's larger players who are going to be in front of you, and they're going to be moving it pretty quickly. So just it's a tricky environment basically. We don't know who's going to say what and how the market is going to react to that. Anyway, we're going to go through the order flow. We don't have any news feeds up. We're going to just go through the order flow here. We can see the events unfold here. And even in the order flow here, I mean, you'll see the same things happen again and again. Really doesn't matter. Like if let's suppose some news comes out and it's very bearish, you'll see these guys pull here. You'll see them add down here maybe, and maybe they'll even pull down there. So regardless of what it is, you'll see the events unfold. Really interesting amount of liquidity up in this area here. They pulled, larger player up in these areas here, and layering in high liquidity in these areas, they pulled, they did not want to trade. Okay, this is up near the highs here of the 4382 on up further. And the very, very high liquidity in here. Now, this to me looks like a beautiful layering spoof. And this is classic stuff. However, they're getting filled in here. So it is not a spoof. It is not layering. You guys, I pointed you to that CME 575 rule, and they talk about layering and spoofing and what it looks like. And this is layering. Okay, multiple layers here. Now, because they're getting filled, it negates that. But if you see this kind of activity here, and then they pull, then, you know, they're probably trying to get price to go higher back up in here without taking any risk at all. So the, yeah, nonetheless, I mean, they bought in here, and you can see that the price is moving away from them. All right. Yeah, good morning, Fabio. All right, let's see here. I want to take a step back and look at the higher time frame as well and put this all into perspective. I just wanted to cover what we see right now. And also in terms of structure, let's just quickly outline it here, because this is a really pivotal area here. Again, just understanding market structure so, so important. You see the breakout of this area here. They pulled that liquidity. And then you can see like here, the new structure beginning above that area here. Now, is it sustainable? Does it accept? We're seeing a lot of selling coming in right now. So, you know, are these sellers going to try to drop it? You see buyers here on the bid here. So we're not getting really clear answer right now. You can even see them starting to bid up as price goes away. And then they're pulling as price comes back down. So we don't really have a very clear answer. We do see a lot of selling transactions in here. So we might get a quick dip and we might get a move right back up into this range. You know, get people going the wrong way and then seeing a lot of stops triggered maybe back up in the top of the range in here. We'll go through these scenarios as we see it unfold here. But right now, we just don't, we don't have much insight. We know that we're trading at the bottom of this range here. And we know that there's some selling down here. Now, here come the buyers trying to lift it away from this smaller range and then maybe back up into the swing here or this liquidity here at 85. Did not accept. Did not come up here. Not yet at least. And I just want to point out here. You can see the fractal nature here. So, yeah, they're back up. They're going to go for it 85, 86, 87 here. And there we go. So there's 85. Looking for more though. I want to see more than that. You know, it looks like the buyers are trying to take control. So let's see them take control. Here's a retest immediately to where it broke out from. Okay. So the primary scenario here is to the upside in this very, very small move. And we're just looking for a move back up to the top of the range here. Okay. It would be really good to see underneath here in the order books here. It's kind of dark in here. It just doesn't give us like a lot of confidence in this move. It's dark up here too. They're up here to sell. They're down here to buy. They're down at 78, a little bit at 80, right? So nothing that primary scenario is totally failing here. Sellers aren't really coming in, but price is dropping. Yeah. So nothing here installs a lot of confidence in this move. Even this here is like it could be advertising for a quick move back up into the range. A lot of stops just triggered. It's this buying up here, most likely. Okay. And coming down to this 75 level here. All right. Let's see if we got our move back up into the range here. Right back up into where we just kind of broke from up here. Let's call it 82 and a half or 83. And they're staying on the here in the bid. All right. Let's also take a step back and look at our higher time frame here and look at our candlestick charts just to give us some levels, some zones to take a look at. Okay. The daily chart, I mean, you can see the back and forth in here several days. So, you know, been really choppy, but you can see the ranges in here. And you can start to mark these areas up as well. So, for example, let me draw something in here. Same idea that we look for in the order flow. Let's go with solid. Okay. Here. All right. There's our range. Okay. And then here's our new range down here. Okay. And now we're looking on this daily chart since we're down at the bottom of this range. Let's take a quick look. Let me get rid of this. We're down at the bottom of this range. We try, you can see on the daily chart, they tried to bring it back up, but we're right back down. So, on this daily chart, this is bearish. Looking to see if we can get maybe a break of this range here and a move down to these wicks down here on the daily chart. So, we might see a really nice move today. It might unfold a little bit later, but keep your eyes open. This kind of 80-ish area, 42, 80, 70 area looks really good. If we can get an extended move down into that area here, lots of wicks down here, maybe the first test would be 43, 13 or something like that due to this swing and these wicks down here. And that might be a little more reasonable at this time. All right. Daily or hourly chart here in the middle, you can see we're kind of bouncing off of this little move from the other day. This is where we found some buyers and gapped up to the upside. So, we're starting to see some buyers here again, and that's what we're kind of looking at right now. And then, yeah, here it is on the 15-minute chart. Same idea. Here's that swing on the hourly and the buying coming in. So, now, just even on the 15-minute chart, look at the wicks in here. Look at the range in here. Can you see it? Right in here, around this 43, 87. So, we need to see quite a bit of buying, lift it back up, and maybe they can come up to 4400 up here. That would be the primary scenario right now, to be honest, because this is a pretty strong move up. We already had our retest and we're already right back up here again. So, I'd be looking for primary scenario on this 15-minute chart is a move back up here at 4400. So, let's jump into book map now. The secondary scenario would be a move and a test back down to here, and that wick here, this swing low here, 4375, and then more sellers to drop it down to lows of the day. All right. So, let's take a look here. Okay. So, yeah, this was the move down to here, and we're right back up in the range. And let's see them try it back to the top of the range here. Not bad. Not bad on the buy side here. And not too bad on the sell side either, bringing it right back down into the middle. Mark is reacting to this liquidity in here, kind of a push, finding some sellers. Looks like some buying interest here now. Let's see if these guys pull, actually. I'd be really curious to see if they're going to get filled in here, this liquidity here. Yeah, they do. They got filled. Very interesting. All right. Well, let's see. Can we get buyers back up above that transaction right there? If we can, we should come right back up to here where they dropped it, and maybe this liquidity here, and then maybe we can get a bigger move that we're looking for on that 15-minute chart. Okay. Here's some not exhaustion, but not a lot of selling here. Let's see. We need more buyers up here, and then it's on. And then we'd be looking for the move back up here. 86. Good morning, Dove. 43, okay. And Fabio, 43.79 overnight initial balance high. Now resistance. All right. Let's see it, buyers. Let's see if you got it here. You got to get back up here, looking for that scenario here, and then a move back up first stop would be around this 86, but I see the liquidity up here around 88. Good morning, David. Good morning, Tom. All right. So primary scenario, not unfolding. So maybe they're going to try to trade into this 75 here. 75 liquidity. Can the stop indicator also be stop limit entries? No. I mean, no. If the market touches a limit, a stop limit, at that point that it touches it, it becomes a limit order into the order book. So it is not a stop order. All right. Let's see it, buyers. Let's see it. We had this little one more move back down, looking for the buyers back up here 82.5 and then if we can get more. Yeah, exactly, Tom. It's risky. I mean, your stop limit gets unpacked and then goes to a level and stays at that level that you inputted, but it's a limit order. You're in the order book and if price is blazing through an area very, very quickly, you're not going to get it fill. All right. So if it's back and forth environment, you will most likely, much, much higher probability. All right, guys. Let's see it, looking for these buyers and looking for that quick move here, looking for some support underneath. I don't like seeing this underneath here that is kind of dark. This is how we get these back and forth environments in here. Sellers can easily take it back down and get filled down here, or these guys can get filled down here at 75. All right. So it gets people on the hook here and then moves away very easily and quickly back down into these lower levels here. Okay. Is Bowie in here today? Bowie, you got your beautiful VWAP trade all set up here. Is it going to trade through it? I mean, it already did. You can see it bouncing in here really nicely. Nice. Okay. Well, yeah, here's your breakout from it. Tap to it. Tap to it. Tap to it. Now it's trying to break through it. Okay. So now if this is the move and this is the lot of VWAP traders, here's our move into 75. They need to move it away from here really quickly. And we see a lot of selling coming in. So this could be a nice move. Let's see if we get more selling in here. Then it makes pretty good sense that we're looking for a pretty quick move down to about here, about around this structure down here, right around this 67 level here. Now I don't see much liquidity here. I see some coming in here at 65 right now. And Jerome is waiting down at 43.50. And let's see, Justin, what you're trying to say is, yeah, guys, looking for this, the strong move here, looking for them to move it away quickly from this whole structure up here. We're down, we have some other ideas as well using VWAP here. Okay. Not looking for them to retest back here. Well, no, retest maybe, but not looking for them to try to get back up above it. Even though, look at the stops here. I mean, amazing amount, right? 581. So I mean, and how many points have we gone? We've gone five points, usually five points. If we go like more than three, we're looking for continuation here. So looking for more sellers yet again, and looking for them to continue to drive this. Okay, we are sell side here. And this is not a recommendation. We don't do that in here. We're just reading the order flow and looking for follow through in the order flow here. Typically, we know that if we get, like, you know, more than a three point move in the S&P, typically, and not always in volatile times, like it can, you know, this can be a false breakdown. Okay, but typically this in structure still holding here, it has not got back up above this little swing here. So we're still sell side here. Here they go. They should be able to move it here, looking for the move into into 70 and then 65. Okay, this will be your kind of bearish flag pattern as well. Okay, so there's a setup in here. And this is this is Bowie's setup. You're in this Bowie Bowie, right? I imagine you don't have to answer that. But anyway, yeah, yeah, but tight. Yeah. Yeah, in this environment, you just got to be like even even partial profits along the way. But in overall, I mean, this is what we've seen. This is what we know in the order flow that typically, like, you know, once it starts to move away from that zone, when we look for the it to trend back down into another level. I mean, the opposite scenario is just wicked here. You know, get back above here and see the buying come back up above VWAP here. And all of this selling in here has got it wrong. And then we then we'll get that move in our higher timeframe move that scenario starts to unfold pretty nicely here. That we'd get back up into 4400. But yeah, now we're looking for a 62 down here, something like that. We're looking at our 65 liquidity here. There they go. Another stop run, though. Yeah, I mean, I don't like it. This is not giving me that kind of good feeling as well. I'm seeing stop runs here, pretty, pretty big amounts. And I'm not and we're coming right back up in here. Right. We want it to be moving away quickly. You know, so a consideration on your trade management on stuff like this is like, well, okay, how, you know, like, like Bo, you're saying just being really tight with the management on here. Consider taking partial profits or full full in full out. Because, you know, we're, we're, we're seeing a stop run down here and we're seeing some icebergs as well. And it's just, it's just not giving us the flow that we're looking for. Okay, Dove, you took a trade here. Yeah, so you're looking for the retest back to that transaction right here. And then going short. Yeah, nice one, Dove. Yeah, so we were looking for that scenario due to the higher timeframe, we're looking to try to get it back up above it. And we got to move back to it. And we don't really see selling pick up until right around here. But nice one, nice one, Dove. All right, sellers, here's your chance yet again. I mean, this is still basically a pullback to here pullback to VWAP. So I'm still, still retaining that sell side outlook here. I just need to see the break here. And they should do it right here. It should be easy for the sellers to do this. There they go. Now let's see them really try to move it away from this cluster as well. You know, that's what we look for. We want to see them move it away on on size and speed and then hit this liquidity down here. Yeah, and this is not it. This is actually the opposite setup right here. First leg selling second leg none and buying coming in. It's tricky. That's that's actually what we look for is a retest back up to here in the move higher. Now the move. Okay, now sellers should be able to keep blazing here. They've got the move now. It's took a long time to pan out. And really tricky in here. Still looking for lower. Looking for 65. And let's see if we can get down lower as well. Now we're kind of aligning our higher timeframe. Again, back down into these wicks down here. We can come back down into about 50, 55, 57, something like that. There's 65 transacting. 62 is the next stop here. And then our 57 level 55 looks really good. That's where the liquidity is also the figure 50. Yeah. All right. So yeah, Bowie, you can breathe easier, I imagine at this point. Yeah, yeah. Oh yeah. I mean, it's it's, it's tricky. That was, you know, it's tricky, these little moves in here. And you know, we've been seeing this, well, you see it all the time, like, you know, you got to get people going kind of the wrong way, and then stick it to them. And, but in this environment here, we just don't know who's going to be taking control when and where. Typically, like we said, that if you know, you see the move away, that's like five points, or more than three, they're moving it away from the, from the level. And we look for a lot of selling in here, but it was really back and forth in here. And in these volatile times, and we've seen it, you know, that they'll come back up here and break back up into 85 here, and then come right back down again. No, the sellers are behaving now. I mean, like they're pushing it. So we hit, we hit some of these levels here. Do we hit 62 yet? Almost 62 and a half here, liquidity. Still looking for it. We hit some liquidity here. Well, three areas here, here and here. So they should be able to hit it once more. There they go. And they should be able to I want to see the move like all the way down to 55 here. Let's see the move outside of the days range. You might be asking a little much at the moment. Let's see. Can you talk about the 581 stops that you mentioned around 4370? Sure. Stops are not held. They're held at the exchange. And yeah, they're not in the book, of course. Yeah, we don't, we can anticipate a stop run. I mean, you can look at some of the swings and kind of look for it. And you can kind of look for, you know, where people maybe bought in a certain area and then where they might get stopped out. But the beauty here with the stop indicator here with MBO data is fact. We know it. Like you don't have to, you don't have to guess. So this area here 4370. So I'm not, I'm not sure which, if I zoom out, maybe you can see it better. It aggregates it. So are you talking about this one here? This 561 is around 75 ish up here somewhere around there. Yeah. And, but how do we know for sure? That's the MBO data. We just know there's more data coming in. It also, you know, it's showing the position in queue. And the way that these, the orders come in, we also know that that's our, our indicator. I mean, we found a way to determine it. Same with the icebergs. But it really is like factual. It's just there's no really denying it. Oh, no, we don't know if they're entering or exiting. That's true. Yeah, we just know there stops. And it's, it's okay. I mean, we don't need to know that necessarily. Like, what we want to know, and what's really critical is, it's like the way Scott is using it, is to understand the event. And then what happens after the event. As you guys can see, we had like some pretty big stop runs to the downside here. 561, 236, 206, 151 down here. Right? But we continue to go lower. Not on this 151 yet. But so what matters is, it's like this up here. What matters is the event, the big event here, for example, and then that area, does it trade above it or below it? Here it traded to it. And we don't really see the sellers come in yet. We just come, come back into this range here. Here's where they break the range on some size. And so we don't really know yet. I mean, Dov has his strategy. If he, he'll look for a retest back here. If he doesn't, I'm not really sure, Dov, like maybe you can articulate a bit more on the, the buying in here or what exactly you're looking for. And yeah, so, you know, looking for some exhaustion, looking for maybe, maybe, maybe kind of a nuance here would be looking for selling down below here. This little breakout here. And then sellers coming back in here, but I don't really see them. It just, it doesn't really give me much of a insight. In my opinion, my view. So, yeah, I wasn't really looking for it until, you know, until we start to get down here and we start to see the break, we start to see the selling coming in. And then very choppy in here for a bit. And then the break. And then back to pretty choppy yet again. So the point is, point is Justin that it's the event and then the reaction to the event. Just be, you know, a lot of traders, you know, will think just because there's a big stop run, we're going to, you know, see trade, everyone's out of the market. And we're going to see the stops run by market makers or whomever. And then there's going to run a, you know, million points the other way. Maybe sellers, like they hit the stops, but they want to be sell side. Maybe they're interested in taking it lower. Maybe, yeah, maybe like you said, there's some, some sell stops entering in there as well. Typically though, very, very typically we can look at this. And we, when we see a kind of an order book sweep, okay, just like this. Okay. Typically that these are people exiting the market. Okay. So that is a stop run right there. Okay. Three levels of stops. Some stops also triggered in here. Okay. You can see it in the red line here. This is where they're, they're triggered in here. And then they are swept. They're swept through two other levels. So three altogether and 147 altogether. Okay. It's nothing but selling in here. In fact, it's one event. So these might have, we don't know where they all got filled in fact. I mean, we see the red line in here. Okay. Does it make sense? Tahoe 77. So you're using rhythmic. Yeah. A CQG data is good, except that you're not going to get full depth data. Okay. Sellers continuing to go lower here guys, but they just slightly broke the low here. Retest back up. All right. Let's see the sellers. They should come pounding in here. If they don't, we're looking for a nice, you know, move back up. They should come pounding in here, try to reach this 55 level. Trade blaze through the 60. We've had a lot of chop in here. So now we're looking for a move. Okay. 60. Let's see it. Okay. And then let's see the move. 59. Looking for 55. Some liquidity coming in here. Also at 56. So it seems like you remember hearing rhythmic had some sort of detailed market data. That is correct. Yeah. They're the only ones offering market buy order data. Okay. Quite a bit of buying coming in there. Nice, beautiful stop runs in here as well. But this is, this is on our low volume pullbacks. See how this is not what we're looking for. In fact, it allows the buyers to reach right back up into the structural area here. We're kind of broke from up here at 64. Here's why. If we look at the move down, we're looking for sellers to hit it hard, hard, right? We want to see them really drop this here. But if we look at the volume in here, some good selling, everything looks good at this point. Buying even down here, we can see it in the bars pretty clearly. Some of the buying comes in. But still a little bit more selling, but now more buying coming in, right? So we can kind of look at and can kind of compare. It's like, that's not really what we're looking for. We want to see like a pullback be on very low volume, buy volume. See how there's more buying coming in here? So if they get back up here, look out. We're going to go right back up. So 65, maybe top of the range here. This is where we had anticipated the stops to be up here. Okay. We already hit some at some of these swings here at 66. And there's going to be some more here. They were all just triggered as well. 105 now. Okay. So that's our, there's our move. That's what we're looking for. This move to about here, right? 65. Okay. Due to this buying. So what do you, what would you guys think? Like where would the, what would be a critical area here to look for buying above in this? And these lead to setups and something to study, something to consider. 67, Allen, 70. Higher timeframe, 70 is a good, good level on this reversal though I'm talking about. Okay. Now it's a reversal on a really low timeframe here. And we're still big, higher time frame, we're still bearish, but, but, you know, looking for these buyers to lift it back up into some of these areas here. 62, 62 and a half, 65. Look for, look at the pullbacks in here. Look at the structure and, and this is the, so it's, it's in, it's in this structure here. Okay. Now where, where in that structure would you be looking for the potential for that, that pull or the kind of reversal like this that we're seeing? Now 70 is above, it's within this rectangle. Okay. Be right here. So 60, maybe, maybe a little higher, maybe 61, somewhere around there, way off Allen, Alec. Yeah. Well, and here, here's why. Now this is where like we're gonna, we're gonna go over this and, and it also relates to something Dove was looking at. Okay. We see the big transactions here. Okay. So let me, let me actually get rid of this one and this one. All right. So yeah, I mean, you could, you could even say that this one is also, I think, equally like, you know, pretty, pretty decent here, kind of, kind of where it dropped from here. But yeah, I like 60 better. It's a little bit cleaner. And we also see the, the move back to it, right? Here's the pullback to it. Okay. So selling and we're looking for them to hit it hard and to continue, you know, 55, 50. Why not? Why, why they're starting to pick it up. We're looking for it. Now we get, we get a pullback. All right. So that's fine. But look at the volume within the pullback. In fact, let's put this within a range here and we'll, we can study it in more detail. So like, here, here they go. The buyers are going to go for it 67 and then 68 and then 70 here. Let's see if they can sustain this here. Let's mark up a little structure on this, on this counter trend move here as well. Something like this. See how they're, they're not able to kind of make up the higher, higher highs here. They made an equal high. So this might, this might be the end of it. In fact, right, because of this right here, 66, they can't get back up above it. No, no insight at the moment. I don't see anything in the order book here telling as much. We're looking at the structure. That's helpful, but I don't see any kind of commitment either on either side here. Okay. Alex, you see it now? Yeah. So it, here it is. Here's, here's what we're looking at the move down, the pullback here on a pullback. We don't, we want to see like, I mean, there's quite a bit of buy volume in here. That's not what we're looking for. Here, let me show you like on the, on a low volume pullback. I'm going to show it on the downside and a, and a good one though. These are, these are convoluted. See how they're, this is the same idea here. They're kind of back up above that area here and move back down. This is not, I mean, this is low volume in here. You can see it, right? The, the bigger volume is here and the bigger move is here. It is, it is kind of a low volume pullback. It's really not very clean at all, at all. What we're looking for instead is like the strong move, a move back. You know, it'd be nice to see it rather quickly, but on very low volume. And then you know, this is, all these things align. I mean, Jay Trader, he's looking at this on, on his, for his Jayline trades. You know, he's looking at volume, low volume pullbacks. We're looking for structure in here. We're not looking at a moving average. We're looking at structural areas. So for example, in this low volume, or this pullback here, there's a couple structural areas to look at. One would be up here where it dropped from and high liquidity getting filled and it's on the offer up here at 70. You guys pointed that one out. And then the, the other one would be like some, some of these little clusters in here and then another drop, right? So this area in here as well. If we can't get buyers back up and then we can start to compare the volume in here. And also the order book, it makes a big difference if they're going to lower liquidity down in these areas here. Okay. So the setup would be something like this. We see the high volume coming in sell side. The pullback is back to the first cluster here. And, and, and look at it in here and look at the dots, look at the size of the dots as well. It's really not giving us much. It's really, it's really back and forth in here. Okay. Now we get, once we start to see the selling pick up below this range in here, we got it. And what can give us insight to that beforehand is here, another low volume pullback. Right. You see a bit of, a bit of volume in here. Look at this pullback in here. There's not much volume on this at all. Look at how low it is. Okay. So if we see sellers here, we can start to look for the potential break of that range. Right. And exhaustion. We have exhaustion up here. Not, noticing exhaustion, noticing that you can't, we can't get back, we can't get buyers to even make an equal high up here. And then we look at the order book as well to give us insight. Hmm. Okay. You guys cannot hear me very well. Let me try. How about this? Is that better? I'm a new headset is arriving today. So I'm hoping this solves this issue. Yeah. Okay. Yeah. No, this, I've had a lot of issues with a couple of headsets lately. And I don't know what it is. I'm sorry guys. But anyway, I hope the new one will, will solve this issue. Okay. So here we go. I mean, we were talking about, we didn't really know in here and it still doesn't look very good in here. It really doesn't. It did drop. We noticed it in here where like, okay, well, shouldn't they, you know, be able to this volume coming in here? Great. Well, can't they reach back up to here? Here we're getting our answer. No, they couldn't. Right. That's why understanding structure is just, it's just so critical in here. I don't, I still just don't like it. I wouldn't touch it in here. I just, it's not me. I'm not seeing any sort of commitment here. Now, I see commitment here. But now they're upended and our line is actually still holding here. It's really kind of a little bit lower here. It's where, it's where this drop took place. Let's just move it down a bit. It's here. Okay. Now, you know, how do I cover this? I mean, can you guys, do you guys see that? Do you see that, that kind of like, how that is kind of a pivot point now and how it's important to see what happens above or below that area? Yeah. And I know this is, it doesn't fit into kind of a bigger, a bigger plan, like, you know, double bottom or double top here, or the volume profile, you know, strategies. And, but this will work on anything, like on any market. This is, we're just talking about areas where, you know, people were selling down below an area or stopped out down below an area. And we see buyers come rolling back in above that area. Now, if you look at your volume profile, like, you know, maybe you'd say like, this is like kind of a finished edge down here. I don't know, you know, and we're going to have a mean reversion trade. And they'll look for a move back to kind of a high volume node, something like this. And the first move up to high volume node, you look for a fade, you know, you can even make, let's see if that argument holds true for this one. Yeah. Yeah, it holds pretty, pretty nicely for this one as well. So here's our high volume node in here. Okay. And, but look at the structure too. I mean, you don't have to, you don't have to be a volume profile trader. And that's, that's kind of kind of one of the goals in here is to, that you can be a pattern trader, you can be a fib trader, you can be whatever, but just understand some of the structure, and then the order flow within that structure. Okay, so this, this kind of 65 area that we're looking for our first target looks pretty good. And if you're a volume profile trader, you're looking at a profile here. So the first retest to it is a fade. Okay, beautiful then. Beautiful trade. Okay, so then what do we need to see for it to move? And this is kind of a finished edge here. What do we need to see? We need to see a lot of selling. And right here right now is when we're looking for it right now, we're making lower highs in here. I'm looking for a lot of sellers to come roaring in and hit 55 here. And I don't see that yet. And nor am I getting much from the order book at the moment. And that's where it just gets tricky. It's just not, it's not a clean read. And that's fine. You know, if it's not a clean read, it's not a clean read. Other times it's so well telegraphed. It's just, it's beautiful. Yeah, Golden Gate. Yeah, I'm with you on that. Like it does look weak. But you know, this we just seen so much massive chop during these sessions. And then the European close and then we think we see some directional stuff, typically start to unfold. Let's see. Fabio, you're talking about yeah, the chase and escape. Let's see these sellers here looking for them to drop it. And I want to see them. There was a quick move there. And I don't know what I think of that quick move. Like, you know, we see some stops hit and we see some icebergs also. But I still want to see the break, or I want to see some volume at 59 here. And then I'm looking for that the move down to 55. So here's the here's the event. Here's the order flow event here. Right. So yeah, and now we're starting to see it down below here. It's not really that convincing either. It's not bad. It's not bad. It's looking better. Yeah, looking for 55. Okay. And then let's see if we can even get lower here. Right. So now we're getting away from all of this traded volume here. To move away from it, we got to have size. Right. Otherwise, we're going to get rejection down here. Right. The kind of tail end here of your profile. Let me let me let me pose a question in here. Like, um, okay, so uh, if you could, uh, so are you volume profile trader, then hit, hit the thumbs up on that one. If you're not, uh, and you're a pattern trader, let's say, you basically just two choices here. But hit the thumbs up on pattern. If you are just give me a better idea, like, you know, what, what, uh, what to look at here. I mean, volume profile is just so, um, so popular. But I mean, there's so many people are still trading these patterns and they're equally valid. I mean, they're just different ways of looking at data, basically. Depends on which one works for the day. Yeah. All right. Let's see. I'm looking for sellers yet again. Hit hit. I want to see them move away. I want to see them really move away now. I want to see this turn into another area of trading, uh, action down here. Okay. Uh, somewhere between 55 and maybe 47 or so. So there's 55 looking for more, looking for a lot more, looking for 50 and 47 or I want to see it break 50 and, and kind of get people going the wrong way and then, then get our chop back and forth, you know, something like that. That would be the scenario, uh, what to look for. Okay. And so far, all we've gotten is move into 55. All right. Uh, sorry, Doug. I don't think I have SPY up. Let me put it in though. Uh, I, I, I'm sorry. I read it earlier and then, uh, uh, and then forgot about put, putting it in here. Yeah. So you're definitely looking for it to go lower. Yeah. You're looking for this, uh, 435 area here. So not much lower, but you definitely want to see that area hit. Yeah. Yeah. Agreed. Yeah. So that would be the 4350 here looking for it. Here's a low volume pullback right here. Okay. Now it's not really great volume moving it away. In fact, in fact, like, yeah, I don't really trust it either. I want to see that volume moving it away on size, you know, from, from the top to the bottom here. And that's, that's why I actually like having the, um, looking at all these volume dots, because I want to see it consistent and with size. If I have it filtered here and a lot of guys do this, um, they, uh, they'll filter it here, uh, with, um, minimum display volume, uh, which is great. I mean, it's a great, great feature. And, you know, if you're more zoomed out and you're looking at this, um, you know, this is, uh, you know, a good way to kind of look at just bigger volume trading and like who's in control, uh, basically. You know, but I want to see it kind of consistent and, and, um, moving with some size. Okay. Poor pattern traders are getting beat up. Only, only five, five of you guys. Boom. There it is. All right. Great. Look at that stop run. Huge, huge stop run. This is what we're looking for. Not, not as, not as great as this. Um, wow. That's really turning into something. And we have an iceberg on the other side as well. Geez. Okay. So there's our event, right? Here's our event to look at here above or below 4350. We already see the pullback coming. Now this is a low volume pullback too. Okay. So then, you know, you're, you're set up for a low volume pullback is this is where you get in and you look for it to go back down again. Now the tricky thing is this is a big event and a big stop run. And if we can get buyers back up above here, then this is going to be a very, very different picture. You know, there's this event and this event. There's actually a couple. So that must have traded Doug. Yeah. Uh, with vigor. Yeah. And moving it away. Yeah. This, this is the big move. So that it looks like not only a low volume pullback, low volume pullback looking again for continuation here. Let's see if we can get down to 35. A huge iceberg on the other side, but that's okay. They typically have those deeper pockets on chart. That's too high. Okay. 441. Okay. Some news. I was wondering if it was some news Allen as well, but, uh, you know, I don't know. It's just, it's that level there. That 4350 level, I think. Yeah. Well, perfect timing to get price to go lower. Yeah. Yeah. Good combination there. Okay. So here, here's what we're looking for that finished edge sellers to like drive it down below and then start to build out another profile. Now the, you know, we can get moves back up into here very easily and here it comes. All right. But we're still, and these are, this is the big event though. Okay. And look at the volume in here. All right. So primary scenario is, is still a low volume pullback and we're looking for more sellers to come back in here. You know exactly where you're wrong is up here and you see, and you see big volume up here above the event. Okay. So this here is the pullback to these transactions and the event. Okay. And what was the condition of the order flow in this area? It's not a whole lot of buying in here. So sellers are in control and we don't have enough buyers to lift it back up above at least not yet. Okay. So it's still, still sell side, still looking for sellers to, you know, try to drive it back down. We're trending low, lower. This is really choppy in here at the moment. And this is very, very typical. Like you get your big event and then lots of chop and then a new event. Those beautiful trending days, you get your big event, your low volume pullback, another break and trend, a low volume pullback, another break and trend. You know, here we got the big break and then chop. Sellers ought to be able to take these guys on at 43. So can you guys see this move here? Like, you know, we know this is the big event and we even know that there's structure in here that was broken, but it pulled back to the big event. Right. And sellers have been in control. Even if we're going back and forth in here, sellers are still in control. Right. So this could be something to worthy of studying, taking a look at, going back. Dove was doing that. He looked at this event here and low volume, low volume pullback basically. I don't, you know, I don't like it. I mean, like as much, I just see some, I see more volume in here. But when it's really, it's really, really clear, you know, you won't see much volume in there. Conversion factor to SES, SPY. I'm not really sure. Doug, maybe you want to chime in on that one. I think, I mean, as far as I can tell, I mean, you can maybe look at the beta and start to kind of figure all that out. I imagine it's going to change every day. But you know, I know Doug is just looking at major areas of liquidity and lining that up within the S&P or the Qs. There you go. Thanks, Doug. All right, sellers. Let's hit it. 40. Let's look at our higher time frame too. I mean, we're trending now. There's 40. Let's look for 30, 35, 30. Okay, here's a microcosm of our event and where it dropped from here. Now that really the selling happened down here. So this is what we covered like a week ago or so. Where is the majority of, in this event, in this drop here, where's the majority of the selling in here? It's down here. So see how they can get upended? See how if we get all the selling down here, it doesn't take much for the buyers to bring it right back up. That's what is key to see the selling and the consistency of the selling here. Where is that majority taking place? See how the buyers are putting it to them, trying to stop them out, trying to get them upended here. So our range is here. But the order flow is telling us something different. It's really down here. And we're actually above that range now. Okay, and we're back into the previous range where we just broke down from. So let's see the buyers move it back up here to 46, you know, other side of the range. Now there's one caveat in here. And that is our point of control or most traded level back in this range here. Typically, you'll get a move back to the kind of high volume node here and a fade. And then maybe another retest back up here and see if they can get through it. Or is it going to fail? Okay, if it does, then we know what we're looking for. We're looking for sellers right down here at 42 and a half. And then we should see the break and we should get a move back down again here. Just based on the order flow in here. No insight. We're just right back into that kind of new range that we're looking at here, right in here, building out. Okay, all right. So let's see it now. The sellers, now we had, we tried a few times, couldn't get back up. Sellers should be able to take it now back down to 39. Yeah, don't know about that now. Yeah, don't like it. Don't like it. If I get the sellers down here at 42, then I'm looking for the break. Again, same, same, same pattern, same ideas in here. See the event and see the selling and see the, see how they're above it here. Yeah. And a good thing, you know, was looking for it, but we, we came back up and we, in testing this point of control again, or this, this high volume node here, now the buyers are back up above it. Okay, so they should be able to reach the other side of the range. They should be maybe tag 50 here. Yeah, the bigger event up here. Okay, so we got it to 48 and a half. And not many stops yet. Let's see what that buying volume looks like. It's pretty good. Okay, so now we're getting a retest back down here. Okay, first one, I'm looking for a bounce. Okay, here's our retest, back to the high volume node, looking for a bounce back up. Let's see if we can get back up here to about 47 and three quarters. Okay, same idea with the, the VWAP trade. You know, if that VWAP was in here somewhere, let's suppose it was like in here, you know, break through it back, retest it. But in this case, we're looking at a high volume node. Okay, it's still above it. It's still above it here. Right. So still looking pretty good above our kind of 44 and three quarters and 44 and a half. So in this small move here, buyers are still in control. Okay, above this area right here. Kamala told Putin that he should stop. Okay, so it should be good. We're out of, out of the, the thick of it then. RSI, Chris, when I'm looking at indicators, I am very, very careful with indicators. Very, very careful. In fact, it's more about as a confluence. It's definitely not a signal. Yeah. So, and really, I find what's so important is you really have to know what your indicator is doing. Understand the math behind it. Like, what is it doing? It's really important. Because, you know, let's just, I mean, I've gone through the example so many times, we can look at even the stops and icebergs. We know what it's doing. I mean, this is just cumulative volume delta of stops and icebergs, the way that I have it set up. Guys, okay. So here, this is, this is the move then. Okay. So we, we, we read it down here and we didn't like the, we talked about it. Right. That where did that selling come, it really come in down here. And it was down here and see how they got upended here. And then we got buyers back up in this area here. All right. So the one caveat was the point of control first and that we're still, we're still sell side basically until like, I mean, that's kind of the last gasp here. Is this kind of point of control or like high volume node, first time a fade and then it just kind of hacked around in here. And, and then we see the buyers broke it, broke above it, retested to it and then went higher. Okay. Back to where our main event took place up here at 50. I mean, there's all sorts of strategies to go through here. And when you see this kind of thing in here and you see those buyers come in, you know, you look for the move back to top of the range or bottom of the range here. First point of control next or high volume node next. And I would take my profit there. Then I would look for maybe a new trade for a break of it. Maybe I'd get in on a pullback here, right? Because I know buyers are in control from this point on. Right. And see, see the, look at the buying in here. This is what, this is a really good example. Look at how much buy volume is in here and see how it's consistent all the way through. Even though there's a little bit of a pullback a couple times in here, this is, this is strong and it's strong from this point up to this point. Okay. Some exhaustion up here, but it's, it's pretty strong all the way through. And, you know, that's, they've taken control from that point and they've moved it away from that area. Okay. Down here, they didn't really do that. Down here, we see the, the move lower and the big volume is actually down here. It's not that consistent. So they can get up ended very easily here. So look for those areas. Okay. Does that make, make sense? Okay. So this is turning into a really nice move. Here's, here's our other event here, right here. Okay. So we're still seeing it go higher. So they're already through it. Okay. Next level would, would be up here, 60. Maybe a low volume node in here, but like, or this swing in here, somewhere around in here, between, I think, yeah, I don't know. Not, not really sure on where this might go. You know, I guess, yeah, 60 basically, but I think we're going to get some, some back and forth in here. Here, here, here again, look at our other event right here. Okay. High, high volume or high liquidity and high volume. And now we're below it. All right. Let's see, are we going to sustain below it? Then we're going to hit, we're going to hit down here, 53. Okay. See, see how there, we got a game going on here though. So that just got disrupted by this liquidity in here. Okay. It changed that. And we're finding buyers now. So we're back up above. Now we're looking for, all right. So if that's the case, they should be able to hit 56 or 57. Now, do we get buyers up here? Yeah, now we are. So there we go. We should get the move now. So we're really understanding some nuances here in the order flow, testing it one more time, still finding buyers. So looking for it to go higher, looking for a move. Okay. They pulled here at 57 in a quarter. So it should go higher. We got, we got on the bid here, we got some liquidity. We're finding some buyers should be able to break it. POC. So with the indicators, like POC, I try to keep my charts pretty clean. A lot of times I don't even have the on chart stops in icebergs. If I want the clarity on some of the moves in here, then I will turn it on. And I almost always use the automatic mode in here. And I'll use the multiplier to kind of filter out some. But POC, like I just like looking at the high volume nodes in here, you know, on my SVP and CVP as well. I like to compare them. So a lot of times, I don't, I don't turn it on. I'll just look at it. And I know there's a high volume node here, the POC is here. And then we also have a high, high volume node up here at 4380. Now, interesting thing here. Now, you know, guys, I don't know if you saw it, like I want to also, any of you, any of you in here trading London session? Got some guys in here. We had a great webinar, a streaming event webinar with Moby earlier today. I want to show you where the recording is on that. And this is why I want to cover it here. So just scroll down here. I kind of, we renamed the, it was special webinars or, you know, I don't know, something like that. Now it's called special events. Okay. And then it's the first one right here. So click on this one here. All right. And then you can watch this one with Moby and, you know, some really great stuff about trading the extended trading hours and looking for certain things within the, and it's very, very different. I mean, like right now we're approaching our European close. So seeing this kind of counter-trend trade happen in the European close, this happens a lot. You know, then we're looking for maybe trend continuation, um, uh, rest of the day. Now that trend continuation could be to the upside too. Uh, and just get everyone dupes going the wrong way and then get everybody grind it out to the upside. Right. So we need to look at our higher timeframe to get a feel for that as well. Here's our move on the hourly chart below this swing. Boy, I really don't see much on here. Um, on the daily, I like it. Okay. It retested down here. Now in the daily, we were bearish. Uh, and, um, 15 minutes, I don't see much on this hour chart to be honest. I like the 15. I see them move down and then here's our retest, you know, back up. Uh, so maybe about 62 or 63 somewhere around there and they're here at 65. So we know that and VWAPs up a little bit higher for your VWAP guys. Um, so anyway, what I wanted to cover here was this. Uh, and, um, Moe, we pointed it out. I mean, uh, in the video and you'll see, you'll see this all the time. Who's on the hook here? These guys, this profile here is on the hook. Anyone selling down here? Okay. So this, this could lead to a really nice move back into the main point of control, the big point of control up here around 75. Okay. So that's, that's a scenario. Now we don't know, but we're, we're open to that scenario on the higher timeframe. Okay. Let's, let's go back in the kind of manage or, uh, match it up here. So 75 would be up, up here and it might be a point, it yeah, it would be the point of control of maybe this big range up here. So, uh, the move here is pretty high probability to get up to about 63 more or less. So anyway, yeah. And then, and then all of this down here that see the big, the big profile. Now, Moe, I love the way he's doing this too. He's using a feature in here. Um, in fact, let me just duplicate the column. It'd be demo this better. Uh, and then configure it here. Um, and show the Delta. He's looking at the Delta. Uh, and he's saying like, okay, these guys down here, they're on, they're on the hook. Yeah, this Delta column, we covered it, uh, you know, a couple of weeks ago, I think, um, it is fantastic to see. You can kind of see and match the horizontal, like who's in control, uh, with the vertical who's in control. Like right in here, I mean, this is showing us pretty good stuff. We noticed like, uh, we kind of even drew up this kind of fictitious, uh, uh, VWAP in here, but the, the buyers above it, well, here it is in the Delta. You know, great. Well, where are the sellers? Well, we know that we know they're up here. That was the big event. Right. So, and then here it is, here it is vertically here, the big event. And here it is horizontally here. Right. So if we can get our buyers back, taking control, having these guys on the hook down here, all these guys on the hook, uh, then, uh, a move back to here to just test it, uh, would be, um, pretty, pretty good scenario to look for. Okay. So now, now let's talk a little bit about, um, some considerations. Uh, you know, it's not, not recommendations, considerations here for, uh, a potential strategy, your low volume pullback. And this, this played out pretty nicely. Okay. Taking control here, a little bit dicey in here, but then taking control again, even a low volume pullback to here. It's all, it's all fractal. So you can see like, um, uh, you know, here's the move, the move back up above it. And then the low volume pullback is, uh, right in here. And then looking for continuation back up to here at least going through a lot of stuff. But, uh, it is fractal. Uh, and, um, let's see what happened. Okay. We got up to 59. We were looking for 63. Uh, still may do it, but we got up to where it dropped from here and liquidity coming in up here at 60. So weight increase of vertical volume bars on the chart. Yes. Uh, over here, uh, you, you'll have to hover over the number here. And this number is just a guide. Like you can see the spike here. So you can kind of look at it and say, like, there's about, you know, 3000 or 3,500 here. Uh, I'm really been lobbying for, um, and you guys can go to the forum bookmap.com slash forum or on the toolbar there and lobby for this as well to, uh, have the hover over tool work on that. Be really helpful. I think you see it doesn't, it doesn't work here. Uh, it works on the dots, but not on the bars. So, uh, yeah, that kind of skews the, uh, might skew people's, uh, or the developer's, uh, uh, uh, feedback. But, uh, yeah, for years I've been looking for it. And I know Dove and others have been looking for it as well. Um, but, um, uh, anyway, hover over this area down here and then left click, hold and drag it. Okay. Okay. Buyer's back up above and another area here. Here's the event. Here there are above it looking for the move 58, 59, 60 quick pullback and here we go. Come on buyers lock it in. Okay. So this is our area here. We're looking at this above it or below it. All right. I'm sorry. It's here actually 54 above it or below it sellers trying to get down below it. Okay. Now that now they're getting, now they're successful. Okay. You should get a retest right back here to this area here. Okay. And if you get the retest, it should happen right now right here, 51 and a half up to 54 and a quarter. Come on buyers, let's see it. Hit that liquidity here at 54. No, cannot do it. Okay. Interesting move. Guys, also your low volume node as well. Same idea here. This is where price rejected and moved away very, very quickly. Look for the rejection again here. Primary scenario on the low volume node is rejection. Okay. Now, let's see the order flow or support it. Here come the buyers. So let's see them move it back up into these areas here. Want to see that move back up to here 54 and a quarter. Okay. Hi, guys. I'm sorry. I've got to go. I forgot about this. I have a meeting I've got to go to. Anyway, guys, it's been a pretty good webinar. We've seen a lot of different things going through a lot of different order flow elements. And go check out, you know, Mobi's webinar streaming webinar, and he'll be doing it again, or we got a few different guys that will be doing it. I think Dove and David are interested as well. So look for that. We're just trying it out, some special events and checking it out. And then we have another event right after this. So look for Tom B. He should be cranking up his room, his Trader's lab room here in just a few minutes between now and 12. So jump over there and check that out and continue with some of the live analysis here. Yeah. Yeah. Thanks, guys. Excellent. Well, yeah, have a good weekend. And we will catch up next week. Oh, yeah, actually, I will be away next week. But Jay Trader and Scott will be there. Tom will be there as well. And there's another special event that's going to be happening on Tuesday as well. Ask me anything with Sviatoslav, our R&D developer. He's excellent. It's going to be a conversation with him and Sam and ask away, please. He knows everything. So, yeah, I really, I highly recommend it. Check it out. And if you have any questions about Bookmap, that's the place to be. Yeah, it'll be Tuesday. It's on the calendar. Let me, before I go, I'll also, I want to share something with you guys. The, I have a calendar here that I can share with you. Okay. And all of our Bookmap events are going to be on this Google calendar, just a minute. And I'm going to put this into the chat here so you guys have it. So you can look for it in here. All right. There you go. All right, guys, I got a run. Thanks for coming, everybody. Have a good weekend and we will see you next week. Okay. Take care.