 Good morning traders and welcome to the bookmap advanced webinar and live trading webinar here So it's actually live analysis forward-looking Monday Tuesday Friday At 10 a.m. live trading is on Wednesday and Thursday with J trader stocks trader and Scoppel senior futures trader respectively So let's jump right in and look at these markets and see what's going on and then we'll go over the Some other elements as well All right, so we're looking at the S&P e-mini here. We can look at other markets if you guys like as well However, it's really up to you. Good other mark. It's This this webinar is for going over all markets that bookmap can connect to so we can look at crypto We can look at futures. We can also look at stocks. So just let me know and and we can go over that we just came from a Foreign language webinar in in German. So with with Oliver sparring So that's why we're a little late in here today Anyway, let's jump in here. Let's see what's going on and as you guys can see Pretty well, there's a bit of a breakout here at the cash open here, but it's been pretty sideways You can't mark up the the market structure better than this than the liquidity how it's doing the job here high liquidity on the bid down here around 40 40 14 on the offer up here around 28 and then up here that's just been pulled and added a little bit lower as you can see right here After 830 down here around 40. All right So and you can see we spiked up into these areas through it here not up to 50 though Not quite and then a pretty steep pullback right back down to where it Broke out from basically so anyway, here's our market structure. Okay, this is what we're kind of looking at now It's kind of ballpark in there. You can really divvy it up if you want It depends on the time frame you're trading because you can see structure within structure These markets are all fractal a different time frames. You're gonna get different Market structure and that's where you can start to look and lean into and study specific setups for yourself Structure within structure. All right, so if you're bullish and you're bouncing off of a Support area here. Well, then this would be a deal for you, right? You'd be looking for the order flow down at this Bottom of the range here to support your trade ideas. Okay, or you're trading plan If you're bearish, well, then you'd be looking for this not to be supported here around this 30 level All right, so Anyway, let's go through the risk disclosures Just quickly here and then a few other things and then we'll come back into the markets General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the substantial risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results Okay Now we got that out of the way. It is important though Understand this is not a trade recommendation room. This is about order flow And for all trading strategies, this isn't just one trading strategy. This works with all strategies Oh a note. So let's get into some housekeeping Items here number one Well, we just came from a special Foreign language event with Oliver sparring. It is on YouTube. So you can go and visit that and watch that if you like And let me make sure everything's okay here on my oh, I'm not Presenting here or no, I am okay in Everything all good here in in discord. Can you guys see my screen and And you can hear me fine, right? Just give me a thumbs up or say yes. Okay. Yep. All good. Thank you. I'm so bad. All right so There's a couple things I want to go over first off We'll look at the higher time frame and then for today's lesson kind of get into Some ideas Of what to cover here and I think it will be very helpful All right, so Friday for example Let's go over Friday. All right, and let's look at the bigger picture here We have the daily on the left the hourly in the center and the 15 minute here on the right What's going on? All right. So anyway, this was that big red candle. This was Friday to the downside This was after Jerome Powell spoke The Fed chairman and then you can see us opening up down here And we got to put some structure on all of this and I want to cover Something that You know, I had a bias on Friday And the bias was that you know, we've been seeing high higher timeframe longer term liquidity And we really saw some some great stuff Up above this 42 50. This was you know some weeks ago We also saw some great stuff where we were looking for the drop through that 42 50 on down to this area And then we just we noticed there was high liquidity. I mean just massive high liquidity above this dotted line here okay, and all the way up to Well, I think even a little bit higher here about 42 60 more or less from what I recall Just tons of liquidity on the offer up there. We only got up to here About 42 15 or 16. That was the high. That was at the cash Open, I believe and then it just sold off hard now Okay, so it did dip into above our line here But I had a bias that day that we were gonna go higher up into this high liquidity because you know these traders they they were able to push the market up to the gap And we saw this kind of rally before the event here I thought we'd be able to get up a little bit higher up into these these levels here It was around 37 or so. I think it was right around in here where we just saw tons of liquidity So I thought we would we would get up there test up there hit those areas Then sell off and I was looking for it. I was waiting for it It net I mean it was just strong market on Friday. Now What I want to cover is that I had that bias for that to unfold and I'm kind of looking at the charts squinting waiting Seeing and there was nothing in here that told us it was gonna go up there There was a few little events where it had possibilities you know to maybe like a Traded or bounce off of here or maybe down here or maybe down here you know some of the swings and It just kept going So a very very strong move now the error there is not listening to the charts Okay, actually that's exactly what we do in these webinars is we Listen to the order flow and we follow the order flow it rules. It rules the day It rules everything the week the month whatever it does not matter the traders tell us the market tells us Where we where we think it's gonna go and yet I had a bias up here held on to it the bit stubborn about it and And you know this this huge move unfolded here. Okay, so What I want to cover though is that You can have your trade ideas On those on those biases, but it is the chart that is number one That is what we follow the order flow tells us all right So and we have these other things in the back of our mind Even on the Friday that it went through all this up up in this area here in our afternoon event on the heat map you know the order flow was telling us as well people are getting filled up here and But it there was just still more buying pressure. Okay, same thing here. There was like tons of Liquidity on the on the bid getting filled on the way down here as well Okay, so and then we had the afternoon event with Doug And even Doug was looking at these markets and it's like wow, this is route rather fascinating how we see The the calls and the puts with a positive Delta And yet the market continues to go down so it never turned around so anyway This is something that like just go we go with what the order flow and what the charts are telling us and Try to keep those biases on the back burner and just keep them in your mind, but we're gonna go with the chart All right, so what do we see now today? Well, we're kind of in the middle of nowhere We opened up down here Right around here and there is a bit of market structure in here. It's not much It's just that the high here or the kind of swing here And then really the buyers are down here. In fact a little bit lower So I would think you know, maybe maybe around in here. It's it's his own But let's just we'll just bring it down to here. Okay, and and we'll leave it there And yeah, so that would be where I would look for some buyers to start to come in It's possible here as well. At least come up and fill the gap maybe even come up and test this 4110 area, but Not seeing much here on the daily. What about the the hourly here in the middle and Yeah, I mean, you know, here's our strong move to the downside and it's up here around 4060 Would be that gap fill And then up here around this kind of 4120, which was a critical area last week or a while back So yeah, it's possible and we'll keep an eye out for it. What about the 15-minute chart here on the right? Not not seeing too much in here. I mean, we just see some back and forth in here There's wicks up above here means sell selling pressure basically and there's some wicks down below and most of these candles are green So in here we go that one more test up here now. I Would assume that we've already found three wicks up here and they're still buying pressure So we're gonna look for if the buyers can continue does the order flow support the idea to come up to 4060 here, right? and Let's see here You're new to a stream thought to get a little knowledge before purchasing. Yeah, sure Ask questions in here ask in discord. You might you might find it a little easier in discord To to ask questions in there Okay, so it's in the advanced webinar area. You'll see the live button lit up in there Okay. Oh another thing to the Tom Tom be will be back Tomorrow, okay streaming after this webinar. So at 11 30 a.m. He'll be in alright So just uh, I'll let you guys know at the end as well. So he will be back from his Vacation. Alright, let's zoom in here. Let's see what's going on. We saw those wicks in here, right? Well, here's what makes up those wicks. In fact, let's overlay Candlestick chart Let's clear our drawings and overlay a candlestick chart Okay, and let's bring down the liquidity a bit here Just just get some clarity in what's going on up here at our level up here Okay, here's our strong move that we just saw. Okay, it did break the highs and here they come again okay, so again now we've tested up here a bunch of times and Looking for these buyers to break it now And then trade on up into areas of high liquidity. Okay, so the The first one would be up here around this kind of 52 area and then our 60 level which would be that gap fill, right? So let's Zoom in here a little closer and see what's going on Okay, interesting this little Yeah, this is something actually to cover You see these faint lines in here Okay, this is a new feature that we have in here. This is great. So looking looking for these buyers Let's see if we can get it. Okay, so we're back up above Not too much buying up at the top here, but we were looking for buying pressure Let's look at the order book here as well looking for that move. Yeah, they're pulling here They're adding on the bid. So let's see if we can get The move back up into 50 here. So there's a little bit of a breakdown in here This is what I'll cover this here In these these little faint yellow lines show an area Where there may have been or there is an MBO discrepancy Okay, so during that time there The data in there was not market by order data. All right, so this happens due to is and it's not You know any any fault of ours Is the MBO data Is very particular thing and sometimes there is Well, I don't want to get into the the technicals on it Too too much. Maybe we'll hold a special event or an afternoon event and go over that and in this new feature in here because It's an it's important that to note this here, you know, there's these order types out there and options and hedging etc that Negates some of that MBO information. All right, so Yeah, anyway, we'll cover it we'll cover it another time I just want to mention it if you see these yellow lines on here. All right, so I kind of volatile back and forth in here Creating this market structure But let's just watch this here because there's quite a bit of trading up here on the buy side And I'm still kind of looking to see like, you know, based on our Candlestick here. Are we going to be able to trade up a bit higher to maybe our 60 level here? Okay, 58 60 somewhere around there. Okay, we're at 47 right now And just due to the analysis in here and understanding highs and lows and market structure Yeah, I'm looking for I have a an outlook here for the order flow To be Trading up into these areas here. Okay, so that's kind of the structure now. Let's look at the order flow here Okay, we want to see buyers at the top Okay, we want to see the Orders like well just like what it's doing here to see them pulling here on the offer Okay, we should get a breakout here. Okay up into 52 and 54 Okay, it's got all the pieces here. They're on the bid as well And not a whole lot on the bid but they are And they pulled here and we're getting buyers okay, so Here's our retest up here Okay, don't like it. Don't like it at all here We got it Maybe we got to get down lower and then see if buyers come back in but We had buyers up here. This looks good. This is not looking good. This is not looking good But here here we go now we're back up again So we had to bounce off of here and retest and come back up here Now let's see. Do we have the buying pressure now? Okay, they traded into this liquidity here Okay, still looking for the for the bid to support it Down at the bottom of this range Okay, and the liquidity's up here Okay, starting to support it a little bit. Okay buyers. Let's see it It is dark in here down to this kind of 48 level. So don't like that All right, let's take a look at the structure in here making boy slightly Lower highs in here. That's not good Okay, we're looking for To see if we can get this up into this 52 to 54 area here Okay, lots of icebergs that helps No, they cannot do it. All right. Do we get sellers down here if we do? Bottom of this range back down to like 44 or 45 I should say Okay trade idea Is from the higher time frame Uh, and this is not a trade recommendation Okay, it's just understanding like we're looking at the higher time frames We started here We started on the daily Uh, and then the hourly and in the 15 minute and we noted these wicks in here, but we're up here again So there's still buying pressure So let's check is there buying pressure in the order flow that that's the the idea Okay, and there is some but not a whole not enough here not enough At least not yet now here comes another attack All right, let's take a look looks good up to 50 and then boy Buying in here is not bad Okay, but watch be careful here. We're looking for a bounce here off the off the um Uh, the bottom of this range here if they don't you know, and we get our sellers in here They're going to slam it right back down into some of these areas here where the buyers came in Okay, this is not looking good up here actually We didn't get our big green dots up here And we didn't get above 50 either Let's jump over we can look at the NASDAQ How's the NASDAQ doing? Okay, it's going it's going forward again Okay, it made a lower high here and struggling It's struggling too All right, well if the buyers can't do it even on our higher time frame here, you know We're looking at this 15 minute chart here Um, if we get another big wick up here, I think the buyers are done But uh, let's let's take a look here. Let's zoom in Ben you're looking for back to 4100. Okay Yeah Yeah, market structure wise like, you know, you can see they're just they can't make those higher highs in here Now they're making lower um lower lows in here Which bitcoin product is most liquid on Bookmap I Johnny I I guess you're you're you're probably speaking of which Exchange I mean, I think Binance has uh by far the most Yeah, yeah, I'm with you on that Ben There's a Binance futures product as well Which I think you might be interested in I mean, uh, at least you can have a smaller account Uh, well, I shouldn't not a record not a recommendation A lot of people get have you can even see it on our uh, I'll show it to you in a minute The liquidation uh indicator It's pretty amazing All right, so as you guys can see like it, you know, our structure here was telling us something We're looking for our buyers. We're looking for our buyers. Now. I know this is hindsight But we went over that if they can't do it and we start to see sellers at the bottom of these areas We're looking for it to to come down to uh 45 and then now even 40 looks pretty good But 45 looks really good here or I'm sorry. Where is 45? 45 is is here Actually, it's this this one here that I like uh, because this is where it broke out from and we just tested it Okay, and yet now we still we still don't see Uh, a lot of sellers down here though, do we? Okay, so let's see if the buyers can mount another one more aggressive attack toward, uh 49 and 50 up here And listen if we don't see something that's fine. That's telling us something as well If we don't see anything interesting, uh in the order flow We're trying to determine like uh, uh something that's higher probability By reading the order flow Okay, paul the value area from friday is 40 55 Seems like it'd be tough to get back up to 40 100. Do you think? Um, well, it depends. It's always, you know, we never know. Um, the uh You know, it what if what if uh, there's a lot of a lot of people selling in here and we You know up end them. Yeah, sure kind of it dropped over a hundred points, right on uh On friday Or you can do the same uh today Good morning crypto surfer Okay. Well, all right. You guys you guys can see what happened here. I I didn't like it The order flow here, uh, even even in here Um, not not given us much. We're looking for uh, the aggressor. Okay, we can even make the dots bigger here Uh, not not seeing it Uh, you know looking for sellers here looking for sellers here Okay, this is going to be our stop run in here and it is Okay back down to 40. Okay. We talked about back down to 40, but uh, here we are All right, so now let's see Uh, if we can get our buyers back up above Our 40 level no, I'm sorry above kind of 42 here Basically, yeah right around here 42 Okay, look for it. We'll look for uh buyers coming in And we're looking for the um Uh bid here to support this idea Here we go All right buyers. Let's see it. Let's see if you got it In a stream back up into Well, we like some of the swings in here Uh, look for kind of a value area of all of this up here Uh, we can look at it right here is that 47 Okay, which show so this might be a good area here as a target would be maybe around 46 This swing up here Okay, so, uh, let's see if these buyers can now do it and get enough uh pressure buying pressure to do it Um, this goes back to our original understanding or You know retesting back up into these areas here Okay, so, uh starting to find them again, uh and This is something we we we look at all the time uh in here This is where the sellers broke down from this is where the buyers are taking control back up above it This is trap volume and we're looking for a stop run up into these areas up here Okay, this works on all timeframes. It's the same same concepts same same ideas It's uh, you know the buying pressure in here is pretty good. Uh, it's not bad It's it's starting to wane up here though, so They need to really pick it up and I'm just not seeing it right now. They may Right up here around 45 That's where they need to pick it up Okay, we're gonna get a pullback also to 42 and a half now. We need to see them bounce off of this here At 42 and a half and you guys can see we're not We're already through it Okay, typically If we come back down and it's already moving too quickly If we come back down here and there is no support here. We're looking for the sellers to whip through this area Right because there's no support here and the sellers still remain in control even though they didn't really get squeezed here Right, you know who's getting squeezed or these buyers in here or in some of these other areas they're they're they're getting, uh Uh stopped out now Okay, so sellers taking control Uh, and uh, let's see, uh, where they're gonna move it. So our 15 minute chart Maybe down to about this 30 level here Uh is where we're looking for the uh momentum to take us Hey liquidity is there at 30 as well Uh and 25 Areas of pullbacks here. Let's take a look Areas of pullback maybe here. Uh, yeah, I'm also above the swing, but uh This this looks really good in here around 40 And that was that previous area we looked at over here Hey, they could even pull back to here And and and sellers could still be in control from here Okay, very shallow pullback Uh didn't even come up to here just just to the tops of the swings here so far and sellers coming in and Uh, yeah looking for the push into 30 All right, 930 cash open. Let's uh, let's also take a look down at this level here So at about 40 20, there's uh, there's liquidity down there. Let's mark it up Okay, no reason uh to get out of this. Um, uh, if you guys were, um, you know In this on the short side, uh, then uh, uh Uh, different ways of managing it, of course, many different ways taking some off here Uh, and trying to let your runner, uh, hit maybe is it 25 or you know, do you see something? Uh, do you want to wait for maybe some sort of change to happen here in the structure? Before you get out of your position Okay, so that's that's something we haven't really mentioned too much Usually look at these areas of high liquidity for uh as a target And and and for managing your trades, but what about holding um that runner? Okay, well, this one's kind of you know, this is where the emotions really start to kick in So do you want to hold it for uh and look for struck market structure to shift and change and order flow to shift and change Or you just want to hold it Okay, uh, all right. Sorry. I'm sorry Do you want to wait for that structure in in order flow to change and then you get out? Or do you just want to hold it? To till your target is met and then just get out Okay, this is up to you Uh, and uh, because uh, you know a lot of people they they they like to take um some off But then let their runner like do his job Now the the drawbacks of something like that It's pretty pretty simple Sometimes like it may pull back and and you'll lose out on well You gave back what what that winner gave you okay, so It's up to you And if it messes with you It messes with your your head and it's something that Uh makes you more emotional than just consider Getting out with your your limit Uh take profits, uh, and and that's that now This is where it's gonna Play with your emotions again Is what if it just continues to go like another hundred points? So what are you what are you gonna do? Uh, uh, there's You know you you'll just there's there's one way or the other So, uh, it's up to you. Uh, you have to figure out what what best suits you Okay, now this should be based on your strategies. Uh the way that you look at the markets And we're talking about order flow in here. All right, so let's see here. Um Any other questions? Uh, it seems difficult to read nick for the first time. Um Oh difficult day to read. Yeah. Well, I mean I I think we we were looking for and and Holding out for for buyers up here And notice this kind of shift and change here And uh and then was looking for You know, you know some of some of these lower levels in here, but we could still be bullish In fact in here There was that that potential again like uh, we've seen it so many times where we get our shift Or i'm sorry this this follow through here to the downside into high liquidity and then Uh a backup above it here, uh, and then back up into these areas here Uh, not enough buyers just simply not enough buyers. They're able to take it only back to this swing in here Uh, and then we we noted now this is where like look for this. I it happened really quickly. Uh, But uh, this is something that you know, we see it so many times Look for it in here If the sellers are going to continue on if they start to get down into here We're looking for the continuation typically in the order flow. Why because they're not supporting it on the bid There's no one here on the bid or there's very little Uh, and um, these guys actually got got filled in there But uh, we we don't see do you see any green in here? Very very little in here, right? So the sellers are in control So that's when we're looking for the control to continue Into lower levels or high liquidity down here at 30 Uh, and then uh, and then at 25 Right, so we're almost at 25 so, uh Look for this again and again like uh, if we do not get the support in here around this kind of 42 level And the sellers are coming through likely right back down to the bottom minimum And then uh, because all of these guys are still in it that we did not get this is where another thing to look at With your stop runs, you're not getting a stop run on the way up here Okay, we're getting a stop run to the downside Okay, so this little uh area here is critical to understand This area right here Okay, if they can get through there on some selling Uh, then look for uh the potential for the uh continuation or these bottom of the range here And then continuation uh to the downside All right Yeah, uh And there there's plenty of room in here for this for it to run uh to these areas here as you guys can see Right, but uh our structure. Well, you know, we were we were looking at it And uh, I thinking that wow, okay three wicks followed by a breakout here And buying pressure Usually Well, not usually I should say we look for though if there's still more buying pressure in here Then we're we're looking for them to carry it higher Okay, and then this would be uh 47 would be kind of support Basically, maybe a little bit lower maybe 43 or 44 would be support Uh instead we had one more wick to the upside just not enough buyers and then the sellers come in Okay, let's look at a five minute chart here just because uh Looking at this 15 is is not helping us too much Okay, boy, that's not helping us much either um Yeah, and then we we're looking for 30 and and the wicks down in here for some support And uh, let's just look at our 30 level Okay, well they traded through it. This is that's that's pretty easy To follow through on then we're looking for our our 25 level And now 25 is just just transacted So nick what i'm trying to get at here is like, uh, there is some good stuff in here. Um, I thought this was a little tricky Uh to begin with Hey, and and this and this kind of um Order flow reading up here When we started to note those look at the structure, you know lower highs Just can't they just can't do it and then once you start to see the selling mount Uh, you're looking for you know bottom of the ranges in here now That would be that was where we kind of had kind of struggled a little bit or reading the order flow in here Uh There was there was very little buying up here. We noted that here's a lower high Um, not much selling in here. You know, maybe a little bit down here Maybe a little bit, but it's it's not that much Uh, and we can get another move still to the upside here But we don't and then we see this here Okay, you can even see that they came back and retested that Okay, it's still it's still true the buyers can still take it here Right, but uh, uh, we didn't get we didn't have enough buyers Uh, we we trade through that that area here Still even here buyers could take it higher This is where uh, I think You know the order flow reading was much, um Easier or we're looking for this to unfold if if they're not going to be here to support it We're looking for the follow through uh to the downside Okay So I hope that helps Try to make the read a little bit simpler Okay, so our cash, uh open Uh low is here so Let's see if we can go back down and test into 20. All right. Let's go through the process again in here I'm going to take the candles off for a moment And I'm going to take a bunch of stuff off here. I'm going to take the on chart stops in icebergs I'm going to take my outside liquidity offer now Uh, and we're going to take our volume dots off too Okay, we're just going to look at market structure first okay, so kind of interesting market structure Uh lower lows in here, uh slightly higher highs just just kind of flirting with it Here it broke, but it did not accept higher Okay, it broke down And we made a nicer nice lower low in here Uh, this is where a same idea as we were just covering Okay in the structure the market structure this little area in here and maybe the bounce here Okay, if we don't see the bounce Okay, or we don't see uh on the bid here liquidity Okay, we don't see Buyers coming in Then see this one's different already. I can already see it in the uh in the heat map here Okay So, uh, now let's see them trying to pull up this liquidity in here And we're looking for now our buyers in here right here right now Okay to break it away from this uh kind of volume node in here or high volume node for this range all right, so They just made an equal high here Okay, so this this structure in here is is more complex Okay, so who who's really in control in this area in here is what we're trying to determine Okay, here come some buyers All right, let's see it by they're pulling here on the offer They're on the bid There's some buying up here it auctioned up here. They should be able to press it up into 31 and 32 Okay, see see the bid in here. See how this is this is A bit easier to read Okay, I would like to see a lot more here on the bid not just this blue area in here Yeah Well, that didn't that didn't last long bottom of the range Let's see if they can come back up in here now We're back to this this area here and they're gonna try to blaze through it. Yes Okay, now these guys are not trapped any longer So looking for sellers Remaining control basically Yeah, it's a tricky structure Uh, this looks good in here. Um I mean, I'll also in here You know all of this buying in here, but here's where they're really put to the test And we're back up above it here. It's it this is another kind of false breakdown into that area So I'm just just watching this area in here Right in here Okay, this 26 Okay, lower high high liquidity here at 29 not able to trade through it Let's see if the sellers can now break it down into 24 See again structure High liquidity in here helped us here at 29 and we're through this area So let's see now. We're looking to see for these these sellers To trade into this liquidity here down to our 21 and 20 level See it's kind of skittish down here We're seeing high liquidity come in here and this is what we're trying to gauge as well in the order flow is when we see that high liquidity What's the reaction? Well, we found buyers Okay, and 26 is still this critical little pivot here Okay, now we're getting our sellers down here now. They're pulling Okay sellers push it down to 20 then Looking for the momentum to 20 stop run Okay, that's a stop run in there good one About 300 or so All right, so again like even to even today like A bit tricky with this this market structure in here, but we started to note it in here Okay, first off they went below here All right, and then we had buyers in here and the buy-in actually looks pretty good But they made a lower high and this is where the liquidity again can help you tremendously They traded into here at 29 and They they couldn't get through it Okay, completely absorbed not one tick above 29 Okay, so that's telling us something And we and we trade back down And then we're looking at our 26 level We trade through it you even get a retest to it and then we get the follow To the downside Follow through to the downside. Okay, so now we've traded into 21 and 20 and we're still trading lower All right, so a little tricky in here. However, we started to note this same pattern in here As we did up here All right, does that make sense to you guys like the Yeah Dr. Moomoo that we go through the you know, kind of basic auction theory in here You know auction market theory In in in a lot of detail in fact our Educational courses also based on that and we can zoom in and look at this all of that but one of the things To really understand and we've covered it many times and I want to continue to cover it in fact I would like to get in the habit of Jumping in here every day and looking at who's in control from key levels and We look for them to remain in control until Uh, they're not and look at this flip here as well on the offer now quite a bit of liquidity at 25 Oh, what's the reaction? What do traders think of these new orders in here 712 orders up there? That's obviously a larger player our large lot tracker is showing that as well the little white line in there Yeah, I mean you can judge the size and momentum That's when we you start looking at those range bound trades and you don't know like it Who's in control in the range? You can you can zoom in though and look at we can look at smaller time frames and we could do that As an exercise, but we've been looking at you know kind of middle, you know kind of medium term You know a day trading events in here and determining like who's in control Yeah, we can we can really zoom in and look at the the market microstructure, especially when it gets dull You know, that's exactly what we do or we have to look at other instruments All right. Well, here's here's your kind of scott pulsini type of thing to take a look at here We see stops to the downside buyers You know coming in here on the on the iceberg buying in here Okay, and we're at lows of the day Okay. All right, so We're still in a downtrend Okay, so let's just do it again here Uh, you know lower highs now here just slightly higher high But it's still kind of you know lower high here lower lows here still Okay, now we're back up here pretty good buying up here Okay, what about the bid it's not really showing us much sellers can cut through this pretty quickly here And the buying starting to mount though Okay, just drawing up a couple of trend lines in here just looking at what's happening right now Uh, and and just just to see like where the volume is trading and what the liquidity looks like in here Okay, very little buying here selling Starting to kind of pick up down here Yep, not seeing much buying trying to mount here trying up at 21 and a half And the can't can't seem to do it Okay, sellers. Let's see if you can now take it down into this 19 All right, there we go. That's a quick move Okay, these are sometimes very tricky or hard to kind of grab um But you know, we're looking for it in here and they just you know, we noted they just this we've seen this now three times This is on a more kind of micro structural level um, but We saw it on the um Higher well kind of medium term here. Let's just go through it. So we saw it up here Okay, we saw it again, uh in here Uh, and then we're just seeing it now. Okay now this one is a little more complex in the in the sense that um Well, it's just it's just uh, it's just a smaller time frame. That's all it's not more complex Okay, now we are getting buyers back up here now. They are breaking the structure. Okay, this guy moved his liquidity down Okay, let's see them now trade into and let's see if they can go through 23 There they go. Now, let's see Are there above 23 and not by much though not a whole lot trading up there Okay, they're above it though and we have a new structure now We can take a look at Okay, so yeah, let's see them trade up here to 25 Previous liquidity is still some up there at 25 and yeah 25 even. Okay, so here's our new structure Here Here And it's starting to Oops, sorry Starting to create some a channel here. Okay, there's our 25 all right, so Any questions on this about structure? Um, yeah, and again I These are um Yeah, I know this is low time frame Uh, and we're looking for the move like to unfold Uh, you know based on the structure and and then the order flow within the structure Uh, and and then we're looking for these these areas in here Um, now this is very low time frame, you know, we can zoom out Just again for for people who are new in here, uh and think that this is only for scalping Yeah, you can use it for scalping very successfully. No no problem It works on all time frames though, uh on much much higher time frames All right, so uh in in fact We can look at it here right so think of it like this Same idea here. This is our big structure or that this would be a false breakdown What if we get buyers back up above the pivot? And then we're coming back to 45 here now the pivot this kind of a weird pivot in here um But it basically needs to get above that this area right here, which is what? Um 40 or 28 Okay, so if we can get back up above 28 on buyers, I'm looking for the move Right. This is no different than some of those other things. We're just covering Uh, and we also have the spike below the low Uh, you know get people stopped out and then see if we can get the rotation back in Uh, and this would probably be the first area up here. Uh, just around 40 Uh as a uh A potential target. Okay. Now we're going to look at high liquidity in here as well Okay, so this is now this we don't know if this is going to play out or not But we know that we're going through this scenario and now we're looking for the order flow to support this scenario That's really where um We can uh start to look at developing some strategies All right. Anyway, we'll let let's let's just let this play out a little bit. I don't really see much right now to be honest Maybe a bounce off of 24. It could even bounce off of 22 The um, you know, we have this kind of the higher timeframe rectangle is here But you know, we're we're also we could also break this down into smaller timeframes. There's this rectangle Uh, there's also this one in here. So we could get pullbacks to here or here So to 22 or to 24 All right. Now look at the bid in here too And you see the bid is starting to support this a little bit Starting to bid up. All right. So this higher timeframe idea You know, that's one of the pieces we're looking for All right, I'm going to take we'll come back and and revisit this in a minute here. Um, but let's just go through. Um, Like I said this exercise, I think be really really helpful for for everybody. We've done it many times in the past looking at our candlesticks and um, starting to drill down about Who's in control in these timeframes? So sellers are in control in this timeframe here Boy, I mean, you know, we could look at a We're going to just look at the the past several days Uh for that control, we're not going to make a big debate about this on a weekly or or monthly or anything like that right now This is as high as we're going to go. Okay. So just just with the um The daily here, uh, we talked about it many times over this this 42 50 level and then the breakdown from it, uh, the potential bounce here at this kind of 41 10, uh, and then uh, and then this move through it like I thought we'd even get a bounce maybe around 80 It didn't it closed below it And here we are down here, right? So, uh In our five minutes not giving us much. All right. So anyway, uh, this, uh, big, uh, candle here Well, that that's our control cell side Cell side here on the hourly Not seeing much today. We have a few wicks. That's about it And then in here, it's it's a mess. Uh, you know, lots of wicks up here and um Due to the wicks and then more buying pressure coming in we thought we'd get a little bit higher here And we were looking for that in the order flow and then it just petered out And then the sellers came in and traded it through those areas and that's what this looks like here Okay, so now on the 15 minute chart at the moment, um Well, the the sellers have some momentum here to the downside But there's really no one quite showing control here There was some pretty good momentum to the upside and then now to the downside here And they've made that basically, uh, a close down here on the 15 minute chart And so it's really very range bound in here Yeah, uh, not really seeing much in here on this 15 minute chart Okay, so that makes our job, um A little bit more challenging on the higher time frame Okay, as you guys can see this this is kind of the uh, we marked up this pivot level on the higher time frame All right, and we're down here now. Now. Do we see buyers coming in here? Nope, not at all sellers are pushing it through All right, so now we've seen this like for this is our fourth time. So we're looking for sellers to continue To the downside here All right, did we get stop running here? Yeah, we actually did get a stop run in here Okay, so some sellers got stopped out All right, but yeah, still still looking for Our sellers to hit this maybe 16 level 15 level Okay, now they're on the they're on the offer The bid traded here, but they're on the offer here And we're not seeing sellers at the moment Structure is still bearish even though there's buying in here Now let's see if we get our sellers here in the break Okay, this is once twice thrice Nope another rotation up And we're getting some buyers here Okay, they broke it very small time frame structure. Can they get it back up into here where it dropped from? Some pretty good buying in here actually some really good buying in here Okay sellers here buyers come right back in Okay, now who's in control here? Well, we don't really know is buyers sellers here buyers here back up All right. Well, let's let's just zoom in here or Try to get a get a feel for it. Hey there. They're still still pressing higher Not on a lot of buying though Let's see more questions depends on the aggressors Yeah, sorry guys over in discord here Rob, I'm not sure. Um, you know, uh I was kind of in and out, uh Of the markets like, you know all day and then you know, we had Doug's presentation in the afternoon Which was great. Um And um That is on youtube if you guys want to watch it Uh, it's under a pro trade. Let me show it here. Uh, where where you can find it Okay on our youtube page to scroll down Uh, it's right here. Okay. It's under the pro trader webinar series Okay, it's not in the live streaming uh recordings All right, you see tom comes back here tomorrow 11 30 a.m east coast time Guys, I mean this this is it. I mean like in in here like we we couldn't determine who is in control and and it's still Um, not determined here Uh, one of the things about that um If you cannot determine who's in control And see that scenario starting to play out Well, these can be really great range bound, uh strategies. It's not my style Uh, it's not really for me I like to know who's in control and then to go with it go with the control Uh, but if you cannot it's the same idea though, if no one is in control, then you would be looking for range bound Right, I just don't like it getting caught up in a squeeze like up at the top edge here or something Uh, and then I go short up here. Yeah, I mean you can look at the order flow, uh, and um You you could look for uh, and I I don't really it's not Not my style, but uh, we can look at the order flow in here. There's not a whole lot of buying There's some selling in here on very small time frame Maybe they can get back down to the bottom of the range here and they did in this case, of course, but like, uh You know down here. Well, there's they're still selling in here Then there's some buying there is some exhaustion in here But the sellers really come in here now and that's where they break it Okay, so, you know For me the the range bound trade like maybe here, but most likely here Uh is where you know, I'd be looking for it and you've already given away You know like three or four three points or so Uh, and you can get caught up in that and just squeeze to the upside. So yeah, I'm not it's not for me. Uh really but If you do not see the you know someone in control in some of these areas Yeah, it could be uh, uh a good range bound strategy Okay, again, these are not trade recommendations. You'll have to Study that uh, if it's something you like All right. Well, there's still is some structural stuff in here. That's just starting to unfold Okay, so we made a higher high and a and a higher low here Okay, and we're back up here So now we can take a look at that and we'd be looking You'd be looking for maybe getting in uh somewhere around in here. Maybe this pullback here Okay, now again, not a trade recommendation, but let's just watch this here Do we have any sort of edge in the order flow? And not much Exhaustion up here there buyers up into high liquidity here, but then exhaustion here Sellers come in Okay, there's some exhaustion on the buy side. Do we get sellers here? No, there's some Okay, there's a pullback. All right. Let's see here. Let's see if the buyers support it here Yeah, I don't like it even here on the pullback. It gives you a nice little, you know potential uh, uh entry right here I just the the book wasn't supporting it sellers could have ripped it right back down into these areas here Okay, so not all the pieces here in the order flow now But what we did and this is why I wanted to point it out What we did have is we have this swing down here Okay, and this swing here we broke it here Okay, even though we broke the smaller one and it went down below here. It's still Above here Okay, and we made a higher high Okay, so in here looking for them to reach back up to at least here at least Can they do it? Okay 20 26 or 25 and a half. Let's call it even 25 Okay, can they reach in there? Okay, so Didn't didn't see it here saw some exhaustion in here. No no buying Uh, and then looking for maybe the sellers try to take it back down here Yeah Just still still not seen it not getting the complete picture However market structure Okay, we're still making higher highs and higher lows Okay now looking for the order flow to support that Okay, and if so then this would be your pullback Right here Okay, they're on the bid starting to get buyers. Okay back up to 25 Okay, it's pretty pretty clear sailing all the way up to about 27 Okay, there's 25 Or just about there. Okay takes them off Look, it's just a consideration Because we're playing the market structure and we're looking at the order flow in here and the order flow is a little sketchy Not really getting our buyers in here. Nothing really clean and clear Uh, and what we've seen so far. It's been mostly about market structure Okay, but that's how important it is And just a firm firm believer in the market structure the more we understand of market structure Uh, and then just you know looking at the volume within it and the liquidity within it Yeah, um, dr. Moomoo like yeah, you can look at I mean you can play your your market structure and until it doesn't make sense You know, it's uh, I just don't think it's this high probability because We don't have the order flow to support it In some cases Okay, but you know these we we talked about, you know, uh, this would be your pullback in here Okay, and then and then up here 25 like or 24 and a half if you want to kind of Um front run it by a tick Then that's where you'd take some off. You don't you know, you'd only get a couple points out of it Uh, however, uh, you would hold it for a runner Back up to here and you're looking for the structure still to hold So probably the next level that you would be looking for would probably be up here around 28 In terms of market structure Okay, make sense Does that make sense a very very simple stuff here understanding market structure Yeah, it's still sitting dr. Moomoo. I hear you. Um, yeah, this is like it's not giving us much I think the those reads to the downside were much much, um clearer I guess what I'm saying is like, uh, if we in this structure is still holding true guys, it's still holding right It here's our low. It's still made a higher low Yeah, I don't know it did it made a slightly high lower high here uh, but um Yeah, it it just broke it here Uh, so what yep still it's still holding that market structure All right, so uh get really good at this Uh, it will serve you well Okay, we can take the volume dots off and just look at the structure And let's uh, let's clear our Uh lines again here and just go through it So we started off. God, I forget where we even started off. Um I think it was in here Yeah, so here we made a higher high And here's our higher low all right, so uh God, I can't I can't recall exactly where but uh um I know this one and I know we looked at we looked at the move up into here We did look for that and that unfolded Okay, and we're still then we saw this one here And it was still holding All right, and it made a higher high here Okay, and it's still holding We can also look at it with our lines Okay, and we said 28 right that would be the next level up here And we're just about there. There it is. There's 28 Okay, so again just understanding market structure is is is just huge Okay, now let's look at the volume within it Now overall, there's still just more buying in here. Look at the dots. Look at the bars Now this is super simple on in hindsight Okay, in real time When we're in here and we're looking at this Heatmap here in real time. We're looking at this in here We saw this this was a beauty in here. I think right we got we had the buyers back up above Well, not a beauty, but one of the better things we saw um And uh and then looking for it to come up into this um What we liked it up here At this 25 level I recall that We said, uh, yeah, let's just call it 25, which is here Yeah, it's I mean, there's still more buyers in here, but uh, not not the uh Not the cleanest read. Okay now it's traded up to 30 Okay, um, so again You know now we've broken this area up here Okay, we made a higher low in here. So let's just watch this and well, maybe we'll come back tomorrow Uh and uh revisit this though Okay, but our higher highs Okay here Higher highs higher lows And we broke this one here So we're looking for up here Okay, high volume nodes in here as well or just most traded levels here is another one in here 35 35 and 38 Or 39 All right, so we'll keep an eye on it in here Uh and look look for this to uh, uh, see if uh, we can reach these levels in here And just look look for your structure and we'll we'll have to revisit Probably the the structure will probably change and and uh and morph but uh, we will notice it It'll be it'll be pretty easy to read Okay, the structure should be easy to read very easy to read Okay, we can also look at within the structure who's in control And uh, we look for the For the buyers here actually are are starting to take it Okay, this is where the sellers took it down, but they were tested And uh, it was this we were just not too clear on this this little u shaped in here We did we were not clear sellers taking control Buyers coming right back in sellers taking it back down But that's where we noticed the higher low in here and uh and started to look for maybe a retest back up to here All right So anyway guys, this the that's a good takeaway. I think for today We'll come back and we'll revisit it tomorrow And and look for the order flow again around these areas in here and uh, just to note This is how you can Uh You can look at this kind of these kinds of very simple things within any kind of strategy We had Oliver in in uh, uh, you know speaking in german just uh an hour ago Uh, his market structure was a volume profile Okay, tom's market structure is volume profile Uh, you know dugs dugs structure, uh was was options based Uh, and then also looking at uh, some of these higher lows and higher higher highs, etc All right, so there's um, lots of different ways to uh to look at it Uh, it could be candlestick patterns. It could be Fibonacci levels. Whatever it is that you're trading Just look for uh the market structure and who's in control in those areas based on the volume And then also the effect of the order book Okay, does it transact? Are there uh, uh, you know more sellers than buyers in the liquidity? What is the relationship when they pop into the order book? That high liquidity These are all considerations All right, so uh mix that with your your trading style Yeah, it was it was kind of a tough read. I mean you guys can see look, you know, uh, the the the initial target was here at I'm sorry 28, right? Yeah, and uh, yeah, I went up to about 32 went above this swing here Okay, now some heavy selling starting to come in now Right, but it still made a higher high Okay, so where's the swing swing low? Well, the swing lows are you know, we have this one down here. We also have this one here Somewhere around there 25 so Yeah, we'll come back and we'll take a look at it tomorrow, uh, and um Yeah, guys, if you like this video, uh, please hit the like button Again, just trying to you know, get a feel for what it is you guys like in fact In fact, let me I'm gonna put a poll in here really quickly. Um on on what you guys You guys like in here, um, uh It's gonna go over market structure or Now I'll do I'll deal with it next time. Uh, so, uh, yeah, sorry about that Yeah, it and then we'll let it hang out in the In the chat there so you guys can add more to it Um, okay. So, uh, let's see, uh, any questions over here Yeah, rob you're looking at, uh, let me show you guys something rob is looking at here, you know, just something really simple off of Uh, fin viz, uh, you know just to get a feel for the market in general Now in my opinion like and this is again a just opinion, but you know something that I like to look at Uh, and something you may want to consider Is to start to look at comparing markets here Okay, so, you know, this is the the s and p 500. I believe uh, and um Uh, we're looking at uh You know the whole market here, right? So what's doing? Well oil is doing pretty well That's it Okay, so, uh, uh, there's there's a confluence there So this is why we're jumping over to nasdaq and this makes to me this I mean this kind of, um understanding of in relationship of different markets, uh, is is really, um I think it's a really key element, uh, because you you want to understand Something in relationship to Another thing You know the the currencies, um They're always it's always a Paris trade The euro dollars the euro versus the dollar Uh, and uh, and then you can also look at other currencies. Well, how are other currencies comparing to the dollar or to the euro? And start to gain an understanding of that which one's stronger, which one's weaker, which ones are in control Right, uh, that's what we want to kind of gain from that And it's all you know talk about auction market theory and and value And we're talking about value based on not, you know, uh, a technical area necessarily but like, uh We're talking about value based on what people think it's worth compared to something else Uh, and uh, that's tremendously, uh important. All right, so, uh, rob nice nice job there looking at the, um You know looking at the whole index there Uh can be very very helpful And uh, uh consider Consider that we'll look maybe more into that As a, um, you know, we can also use our correlation tracker, uh in here To look at that market, uh and try to gain something from it I actually like uh to be honest I kind of like jumping over and and looking at it here at at a key level And then getting a feel for the order flow here instead of just a line on the chart Uh and then jumping back to the s and p And then looking for follow through All right, so uh anyway guys even with this heavy selling in here remember like we're looking at like the the structure in here It's still holding It's still holding now here come some sellers right now. They're likely going to test it down to here Likely going to test it. So let's let's see and the move is down to what 24 Okay, so, you know, uh now can they break it? Can they break the structure? Anyway guys, I'll leave it at that. Thanks everybody. Uh, we'll catch up tomorrow. Don't forget tom b 1130. He'll be there Uh, let's see. What other special events do we have? Um this week? We'll be on the lookout for it. Um, I don't think we've uh put a bunch in this schedule yet On our calendar, but take take a look, uh later today. We'll probably have some events up there Maybe in the afternoon, etc. All right, so, uh, yeah, thanks everybody. Let's uh Reconvene tomorrow at at 10 a.m. East coast time. Thanks for coming