 All right, welcome everybody to the Bookmap Academy meeting that we host Thursdays every Thursday Hey, we might we may do more of these than once a week once a week was already pretty may do more of these pretty pretty high standard I thought already but You know, there seems to be a lot of demand We'll have these breakout coaching rooms We may do like I said, maybe two a week. I don't know yet But we're trying to meet the need here and offer as much coaching and mentoring as we can so that You know, we can become much better traders Anyway, I have some news to go over before we jump into the coaching So anchored VWAP is now available for global plus and digital plus users. That's free So it you will see it in the add-ons Here I can show you where you'll see it in in book map under configure add-ons here You'll come down to your add-ons manager Bookmap add-ons in this area here And then you'll see it here. Okay, and then you can install it here. I haven't installed it yet I haven't had a chance to yet today But that's how you do it. All right So check that out start anchoring your VWAP and looking for some good order flow events around the that those VWAP areas Exciting stuff next week our Crypto March madness competition our first one So, you know combined with the basketball tournament here in the US NCAA men's college basketball And it's gonna run to the end of the month All right, so Kind of in line with that March madness theme. It will be crypto But I think it's a very specific event. Anyway, I'll go over a few details in a minute Next Wednesday Carmine Rosato webinar. He couldn't make it this Wednesday. So it would be next Wednesday He's gonna go over using book map replay mode to debrief and trade from learn about your trading and Get better at it using replay mode. We have a New news about the book map blue jacket competition. It's gonna be integrated within the book map academy and then we just had a We were invited to Axia futures event It would just ended like I don't know about an hour ago or so and Or maybe a couple hours ago And the recording will be available soon what and I would highly recommend it that you guys take a look These guys are excellent traders their prop trading firm and They cover the Scalping and and you know ways of looking at the market And there's there's a lot to gain from them. All right, so we were invited to Participate with market pulse Going through similar strategies that they look at using the market pulse. So you might want to check that out Let's go through some disclosures general disclosure all book map limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results And here's more details on the March Madness Crypto competition that starts next week So exclusive to book map Academy. All right, if anyone wants to join it This is your your your chance join the Academy. I'll show you how I go to book map calm And then click on the more button here Under community go to book map Academy and you can apply here Okay, so there's a whole thing to read through here what this is all about How it works? You can get book map for free if you make it up to step two here You also get the MBO bundle or other add-ons like market polls for free if you double your quota Anyway, you can read about it here. Then you'll need to jump over to our discord channel and I request a spreadsheet. All right, so let's let's jump into some of the coaching here Just a minute Let me know if you have any questions on any of the things that we we just covered as well Okay, so shark blue so you continue to move forward here with very strong content and your your 123 pattern here, so Let's just take a look. I you know really like You know, I kind of copied and pasted some of the things in here that you had written and Like seeing this bullet point list in here. Hey, what are you looking for? What are the confluences? And then going through that here in your image as well. So let's jump in and take a look All right, so Oops, hold on Okay, so this was just yesterday and All right, so you're marking up your supply your your V V pock and migration of it Looking at areas of absorption in here, which I don't quite see to be honest I don't see the high liquidity in there absorbing it But you got your market polls here as well and CVD along with it I'll crash f16 and then Liquidity on the bid entering the book underneath here also a little bit higher here. It looks like then Yeah, I mean that's your demand and then your your 123 So come combining all of this order flow and supply and demand into your reversal pattern to identify the bottom reversal. So Yeah, yeah, I really like you marked up your chart the Was a little confused on on some of the absorption down here I would say Absorption is up here on the on the offer. I don't see it really down here Although, you know, maybe we can zoom in or you could zoom in on that on that area and see it but absorption is the high liquidity that's Completely stops the market from moving through it There's no more interest by the aggressor and you'll see a reversal out of that area and Another thing too, like I you know looking for your 123 pattern is Understanding the kind of transition in in the In the volume here So I'm really not quite seeing that either Like I see the all the sell side volume coming, you know to the downside here We that looks great And then I see just kind of a lot of back and forth in here I don't really see any kind of clear transition even over here. It's not really Quite that strong In fact, I imagine there's probably quite a few quite a few people getting stopped out down in here That may have been looking for the continuation here but anyway, I would love to hear your comments and You know open the mic for for you and what do you have to say? I don't guess shark blue. Are you? Oh, you're here, okay? Now hold on. Okay. Well Tried to add you in I don't know why that's not working shy today Shark is shy This too, like I'm not I'd really like to hear about your you know, it's too bad We can't get the mic going for you the CBD diversions Continuing lower screens reversal failure to you. I understand the concept but Yeah, and it does break this kind of swing right in here I'm just not really seeing the Reversal kind of taking place yet Maybe maybe it did over in this area in here But I'm seeing really choppy back and forth in here. In fact, there's even more selling Looks like to me over here compared to that buying so I'm I'm still kind of Yeah looking for your Insights on on the reversal here and also Did you did you take a position in it and I would like to know where and how you managed it? if possible, oh Anyway, it looks like that's a pity because I had a lot of questions for you on this one and would love to hear it but Maybe you come back in later and we can go over it. So Anyway, we can move on to to trader trading stocks and then Set up criteria again guys. This is Or I'm sorry, this is actually wrong it should not be in here. This was Copied and pasted from something else Lyt was the ticker and See here Yeah, the pre-market gap and You didn't want to to trade the stock right up right out of the gate And the float rotation was happening Idea to wait for the stock to shake out and look for a long checking trading from my thoughts on the stock Trade checking trading view on the stocks. Okay, which we have down below here and Visualizing it here in In book map. All right, so let's let's click on this and let's open it up On there we go All right. Yeah, beauty here with high liquidity down Right kind of where you see this this some of this gap information in here Yeah, I can see what you mean about waiting for this to shake out a bit more the There is and I like the way that you have your channels Both of them here This is great and they're they're low volume pull backs as well. So it gapped up you you see the the volume here And you know, you have high liquidity in these areas as well But high liquidity pretty aggressive on the offer chasing it down here Yet the buyers just take take it on here and When there's aggressive aggressors like this, which they start to dominate You know, you can see it in the bars in the dots. We start to break the structure and then it's just it's off to the races so Backups in these areas gain clean through them And then look at the pullback in here as well. I get I like I like it. You got your channel So you've got your market structure in here You've got a pullback To areas of high liquidity that it went through and then also you can kind of see this little little pullback in here Let me just zoom in a little bit more and try to Show this so it's like this here, right and then it really took off here. Well, that's where the pullback came And then you can look again for those those aggressors that start to come in on the other side So you got your channel, you know what you're looking for your your biases long, which is great and then you are looking for the Again again the the volume in here and the volume dots and the break of structure and you got it Okay, you got it here. So Maybe you're not quite out of the woods here, but boy, you sure are when you start to come back up and This is the the flag pattern in here that It's a variation of it. It's not the one we have on the learning center However, this is pretty pretty strong pattern Even though like the pullback just comes to the top of this range it the impulse move is not that strong But then it does pick up Okay, so in here looks pretty good That it's going to to break and then comp at least come up into some of these swings up in here, right? So I don't know that's my take on the order flow and I don't know if we can if we got the mic opened up for you See no No joy on the mic today. Okay Anyway, let's go into your candlestick chart in here and because you this is where you did all your markups It's kind of hard to read as well Yeah, it's very very blurry in here and this is as high res as I could get But anyway, you're you're identifying the volume in the volume in here again, which is exactly what we're just talking about You start to see that structure break and looks looks pretty good looks pretty strong Interestingly enough, you can see that it was short-lived. You know the sellers did come down and You know trade back down into these these areas again and so Not sure. Did we see the high liquidity up in this one? I think we're just seeing the the break Back up into it here. Yeah. Yeah, so we don't we don't quite see all that price action up here but anyway, um, yeah off off on the You know the right the right foot here looking for that momentum move and you can see it In the volume and then in the order flow as well Okay All right shark you are you ready? Are you back in? I'm here. Can you hear me? Yes? Yes, there you are. Yeah, so Let's see. I don't know if you remember some of the questions I had asked but if you want to jump in and kind of You know talk about the absorption the CBD divergence Maybe trade management and the one two three pattern Yeah, you know, okay, so so absorption I think I still get a little bit confused between absorption and exhaustion Okay, and yesterday yesterday was my first day on 7.5. It's just this crazy amount of bubbles right Yeah, I can help you on that one So Yeah, just so I'm sorry to interrupt you No, no worries, but yeah, I found the same thing originally Because of vertically we we can now display more accuracy with the with the bubbles so What? We need to do is basically on the volume dots the smart clustering here You can have it as as as default Like this and it's in the middle but If you don't like that That should do the trick And cluster lighting the cluster. Yeah, slight the smart clustering and sliding that over should do the trick So it'll cluster them vertically instead of display them all Okay, I'll play with that. Yeah. Yeah, so try it try that and Let's jump back here So I start with the same thing every day. I look at my macro analysis. It's supply. It's the recent supply and demand zones uh-huh Either a previous day Pre-market I noticed that the lower time frame zones during pre-market are extremely reactive I believe they're just unfinished option So those are the areas of interest I target as price approaches them after the open and I'm always looking for the same thing, right? I'm looking for reversals off those pivots So when I have my my supply and demand zones my key levels there When price approaches is that area Then I'm drawing my trend line and I'm looking for that reversal pattern to trigger once I see that triggering Then I asked myself the question and it was slow that taught me this Does the order flow support like technical reversal pattern? And if you if you saw my head the bottom of the write-up on this particular trade I said no not really And you know usually usually I find a way to say yes, but yesterday I was you know My answer was no not really, but I still had confidence in in my my move off-demand It was a it was a failed one two three reversal and and you can see that in the other chart so where where the Yeah, there was two other charts with this one, but the one three actually fell and I grabbed a lower entry Using the two B rule, which is what it's in 123 fails So I actually created this and I included my execution chart, which I usually don't do But you can see I I entered it multiple times on the low side near that demand area and and just kept Covering those positions as it got up to You out where it kept rejecting and I was looking for it to break that and head back up to the top of the trend line But it it never did but it turned into a really good range trading session as I kept grabbing entries on the bottom end and Closing out those contracts up towards VWAP and it turned into a really a really big day for a failed pattern Okay Yeah, hold on a minute here. I think I've got it For you so let's get rid of those are those are the exit executions right there So I usually start with two or three lot And then I pull some off after that three points But after you know crash keeps talking about leg in leg out leg in leg out. So yesterday I I did the trade micros rather than minis and I I took an early starter position Prior to that trend line breaking as as we were in that getting in that demand area So I just I mean that's a that's a much smaller position So I I was just I added to it as we moved out of that trend line and you can see those those ads and trims in That other pattern but right here where you're at if you go down to that box see the one two three are fails here Yeah, we're price moves below that previous pivot on the backside of the trend line So that's where the one two three are fails and then the to be rule is you know You have the Pope by it's there's more than one bar here. This is a 400 tick chart But you grab an entry as that bar breaks back into the range Here and this area here. Yeah. Yeah Yeah, yeah, sounds good That moves my stop further away and if you if you look at the execution chart real quick This is your there. Yeah, you'll see you'll see the entries in blue and the exits in red and That that just turned into a really good range trading session. I only had two two contracts close out red in there nice so so then Okay, so then The original image here was your one two three pattern Basically This this failed here Yeah, my one two three pattern failed over here as this This this selling dipped into that demand zone Okay Make make sense that it failed. I was kind of wondering about that For a whole host of reasons and then yet it went down one more and then came back up and then it yeah Really kind of chopped is what it looks like I just traded that choppy range from the bottom to the top multiple times Yeah, yeah, and and then gave up on my idea at that that finals flush to the downside Yeah you know one of the things that I find very helpful is the Looking at this transition and it looks like it in here in terms of the Bind starting to transition The the size of the candles basically but you know I mean this the size and strength of the moves in the candles some some structure broken You know looking at candles. It doesn't really give you that complete picture You know looking at the order flow and and book map and not not just the you know the liquidity, but Where those dots and the size of those dots are transacting? And then look for it also in the bars as we talked like with Rob About understanding that and you just don't see it in here. You don't see that transition taking place in here Maybe maybe that helps you as a as a as a criteria to stay away from it. I don't know Yeah, and in this case, I I should have you know, I I asked myself the question Does this order flow support my thesis? No, not really. I I I do pretty well trading ranges at time So I still turned it into a good little range trading session. Yeah. Yeah, nice. Nice. So it is the trade management then that Kind of saved you on this and turning this kind of a potential loser into a win Yes, excellent, excellent Do you Real quick the CVD divergence thing there So you see where the the market pulse VP I spike in CVD print that those lower lows What I notice is when I get a good reversal both Both the VP I and the CVD Pivot but where I see the CVD continue and the VP I pivot Notice that I'm seeing failed reversals in That area yeah Makes sense makes sense. So what I'm saying there about the reversal failure It's just something I've been noticing, you know, like I look for reversals with those two things But now I'm starting to see Reversal failures at times when the the VP I and the CVD separate Yeah, totally makes sense. I mean that there's just more selling involved Still as as much as like that, you know, it's kind of climbing higher here. It's just it. There's just not enough plus It's all absorbed up here anyway by the Limit sell orders at this point So what yeah now that that's fantastic. I mean like you've got a lot of reasons Why this failed and sounds like not only did you learn from it? It sounds like your trade management was was fantastic and You know, that is such an important part getting really good at the trade management You turn this kind of a potential loser into into a gainer I'm looking for the same thing every day and I want to I want to find it and be done with it in 90 minutes two hours max because when I trade past that I Tend to give back what I make in those initial pivots Yeah, well, have you tried just a Comment or a a note here is it maybe try trading from Bookmap chart in it could be in sim and Using that new trading journal I on and That can give you a little bit of insight on that as well potentially. I I actually intend to to Attach an account to book map so I can trade with it. Uh-huh. Um, I I do want to do that Right now I kind of have everything dialed in across my you know my my charting software and my trading software and Bookmap where I'm looking at the order flow, but I I do intend on doing that in the future Excellent excellent. Okay. Uh, yeah. Yeah sounds good. Well then in this new crypto competition as well, we'll have to Uh, I hope we can I'm not sure if we could connect that trading journal But I hope so because that's where we're going to be able to offer multiple prizes So I'm looking forward to that and we can really look into some and give some really good feedback for the academy I think as well Well, thank you Bruce. I appreciate your insight. Oh, thank you great great stuff and uh, I just love to see the uh, learning curve and and You you showed a failure. You showed your positions And uh, and then you also, uh showed, uh, your trade management and then how you still made out due to that Fantastic Uh, let's see. Let's um, let's move on. Um, I go over uh, Alan here, uh, because uh, jack I don't know if jack's going to be able to uh He he had you alan, uh, but I don't think he's going to be able to go over you Or cover your stuff because he is Uh having an outage uh internet outage So, uh, anyway, uh, we can go over it here. Uh, and your momentum, uh, strategy and mean reversion, uh, Alan So, uh, let's uh, let me, uh, invite you to the stage here Uh, there you go. Thanks stan and You know very consistent alan is looking great. You you know, you it's the one thing it's kind of hard to see here is your um documentation is covering the the volume and the order flow here But I can just see it coming in, uh here, especially the um, uh, this this buy volume coming in This is this is fantastic. And then look at the pullback here Okay, look where the pullback came to as well right here, right? Uh, this is where that kind of impulse move took place And this is certainly a low volume pullback compared to this volume here It to anticipate a bounce off of that Uh, is more likely. Uh, and then you start to see the more of the buy volume come back in I am shocked that this didn't trade up here. Uh, but um, uh, anyway, uh, you know It just kind of uh petered out a little bit up here as you can see Again here, uh, but you know, there's still there's still trading here And I imagine it it probably made it made it through here Uh at that point, but uh, uh, what do you what are your thoughts alan? See I think you're still Yeah, he's muted Yeah, me. Yes, there you are You're sorry about that Actually, this is the trade I want that everyone to see um This is for whoever's here. This is like for everyone Because if you go to the top Uh, and this I remember you talking about you're back in the day About front-run liquidity. So if everyone sees like the first time And a huge green bubble, you're not expecting it to stop But it will and then you'll reverse you into a loss And it just gonna feel like crap and usually I mean it's not Written in stone, but just an observation Usually it takes like at least three tries. It did eventually break break but um It I don't know. I don't know your point about this what you think about this risk But usually it never does it on the first try that there's always exceptions But if it's the first shot of trying to break heavy liquidity It almost always like rejects it. It's like a elbow game or something Yeah, so So it's not worth it. Like if you see they went up the What is that? What is that red line that's on under liquidity? Do you see that? Yeah What is that? I don't know. It looks like you drew it in. Oh, no, this is um, but you're high of day. I think Oh, so Yeah, so, um It looks like it's Is what? So that's between 500 and 497 is it really worth risking two more points to and uh, I mean the look where We're dropped to from the big bubble and a drop in a drop to around the 487 50 to go across the screen. Yeah So so is it worth it to put your thing on the on the high liquidity when there's a high chance that it'll probably get rejected like you know This is the thing just come from experience, you know I know I know I should drive I should I should um Write the things a little smaller, but I know I just I try to keep it simple. So like everyone I Uh, I don't like marking up the chart too much because then you don't know what you're looking at So I try if you notice what I wrote there are a lot of trades that I can't that You can that I don't know of any other software where you could see it like so I call them book map trades so this is like the perfect book map trade because Where else can you see that huge? level of liquidity and and and you know That you know, that could be a stop sign that could be that so I saw so like You never see a sign because I called the book map trade because you really don't see it in any other software and uh Yes, I I just I uh That I covered on the bottom left. There was like a little bit of consolidation I mean, uh, I should I should have uh Put it to the right more, but you know when you ask consolidation eventually someone breaks out Strongly from either side So here was the bulls I got covered. Uh, it was the bulls plus the mark the market pulse I had bubbles for mine. Sorry when I heard the bubbles Going on and and the thing with market pulse is that it'll Sometimes it'll make like the sounds once twice, but but you need the sound To sustain like for a minute or two then you get in a lot of times. It's like, uh, I don't want to say a false a false run up, but but it's um You have to make sure that the The strength and the sound keeps going on and and and just follow it and then when the sound slows down You know, you think about getting out of the trade like you don't have to make everything so complicated over here Yeah Yeah Yeah, and like and like I found like, you know, the medium version looks like out to me and uh, I don't know What do you call the trade? When you get to the bottom of the range and then it turns like to a v Is that is that uh response to settling or is that trap traders? Well, it depends on uh on the context like a lot of times it could just be a stop run Yes, like those stop runs that go to the bottom of the range and then they go right up like a v Yeah, I don't know the name of that but that's one of my like Like my favorite plays like like because you know why because I have the short squeeze happens so fast, you know I like, you know get in and get out as soon as possible because uh I don't like you know what happens like like last on yesterday. They had the bond auction at 101 And and the week before and then the market just it just falls in a split second Yeah, I mean Alan like uh, you know, I there's a couple things here like number one, uh is um You know this more I I really like what you're playing here. It's you know, you're you say it's mean reversion I'm a little confused on that This one is a mean version Uh, no, I would I was just saying that I It resonated with me. I this is not a mean version. Okay. Okay. This this is momentum Yeah, you know that in liquidity. Yeah, like Scott like Scott used to say people think that Uh People don't realize that that's a magnet. I think people will see that and trade away when it's really a magnet sort of for lack of a better term and uh Most of the time, I mean nothing in trading that's definite, but most of the time It will get up there and there's no point of putting Um, because you can always get back in like you always say, you know, you Usually like, you know rule of thumb is not going to break on the first try get it and then you see I'm tried one two three four five I don't know. I might but eventually I got it. So yeah, yeah Yeah, but what I was what uh wanted to say about this is even on your mean reversion trades like um You are seeing momentum and This is fantastic because this is one of the easiest I I feel one of the easiest things to trade because when I see that when I see that I salivate all the huge The redder the better like all this going right up there Yeah, so so uh and look for that volume to tear tear away into it, you know Like you know here and here it you're right. It starts to fade a little bit In a in a few of these areas like in here and here But uh, it picks up once again here and you can see it picking up again. I imagine it maybe it pulls one more But it probably went through I don't know how many more but it it got it. Yeah, I just looked at the screen big enough I have to work on I have so much to write sometimes after and I cut and then really I covered up what I wanted to show so let's try and make the The letters a smaller font or whatever Yeah, but I but like this is actually the trade I wanted everyone to see because it's like pretty simple like, you know Like the market post like a godsend like, you know, I could walk around there's also in here Bubbles bubbles bubbles bubbles and like what's going on over here? Then you see the green lights getting, you know coming on like with high volume And and just going up quickly like this is perfect And just like ride the wave like a surfer just ride the wave and then when the music stops, you know musical chairs Hope you find it, you know find this and that's it like you don't have to make every people don't have to make everything so complicated with like The vpoc and that poc and this and I looked before what happened before what happened after that's all good and stuff but like I just find like like Maybe I should but I don't like I try and start today with no bias Because when I I used to start with some sort of bias based on What happened before based on what I think and that and then if when I would start a trade based on what I think should happen that day And and then with a home mess, you know instead that I uh I take some like important levels, you know that that were there like all time this whatever but um I try and come in like a clean slate and see, you know and trade what I see not what I want Yeah, and in the last and the last I kind of like Maybe it's not going to come out right but but like the the last I I don't know. I don't know how to say this is better like the less I find that prepare things that Will cause the market to move a certain way um I don't do as good when I just come in the clean slate let it go the way it goes Let it do whatever wants like today keep going down and down and down and down It's like whatever just go down with the tears I mean, it's easier said than done, but I guess it just takes time, you know Screen time and stuff and then you start to Pick it up Yeah, yeah, good good stuff. Alan. Uh, I really like it. Uh, and and uh, another thing The money's green No matter how simple the trade is or how complicated trade is it's still the same thing So why why bother with something you're not sure of, you know A lot of times I hold in the mouse and like should I do it? But uh, we wait for one to looks more clear It'll be like 10, you know, and sure enough with five 10 minutes later. It is a better one Yeah, yeah, good stuff. We've got to move on uh, and uh stan is up next with his coaching. So uh, I'm gonna Yep. Yep. Thank you, Alan. Excellent stuff Uh, and uh, let's see, um Stan do you want me to present it or do you want us to present your screen? Uh I think I forget how we did it before Uh, you you can do it. Yeah once I was I was streaming but uh, you can do it this time and we will uh Okay All right. All right. So let me uh, let me bring it up Start with Rob Davis today um The teams you are a little bit lost confused by some terms of the checklist I don't know if you're here and if you would like to To ask question about it. So I just took the picture Of the book map slides and not the checklist, but uh in this one So you were writing all about zero like you didn't see anything and I think it's okay if you're not seeing like Yeah, for your setup for one day or several days It doesn't matter. Maybe you don't have like the psychology at this time Like yeah, it's really about how you're feeling like every day. Yeah um But still for this one. So I would still recommend obviously to take attention of the liquidity and yet as I said always but the The relative volume Plus, uh, yeah with dots and yeah, because there you were looking like a server as flag pattern And I don't know what to choose but I was thinking about like So we had like strong bias coming in with a strong relative volume and trade into high liquidity Then you put a rectangle on the right Uh, sorry stan. This this was the volume on the way up to the to the high liquidity here. Yeah, exactly. Yeah. Yeah, exactly Then you put a rectangle Then you got your first leg. Yeah, exactly plus the liquidity and you can see like how short term liquidity can Give you something Like add something into the behavior of the market then you got your consolidation plus Strong seller back coming back with the short term liquidity and that can for me like give you a good potential or Yeah, but overall you didn't make a lot of annotation. So I don't really know what You were highlighting and I'd be good to have a point of view if you hear Yeah, I think rob has the mic Hello Hey, hey rob Oh, uh Oh, I didn't think I'd be called up this time. I I missed what you were saying there for a second So it seems like you were putting like notes on this trade and you didn't know what's exactly to look and you were maybe like Yeah, I didn't know all about those points in the in your checklist Yeah, you know, I tried to shorten down the checklist, but then I found You know, I just went back to the default one today because I Just seems like whatever it is. I'm looking at it's wrong or I'm missing something or I don't know what I'm doing Anytime I see the flag pattern You know, I'm I'm always too late or you know, and and I just I mean when I try, you know, I'm trying this in simulation with that trading statistics beta we have And uh, I I'm doing horribly, you know, it's just totally lopsided Where you know, I might only win 30 percent of the time yeah Like at this time, it's maybe normal like we are in a whatever Whatever period so it might be complicated Uh, yeah, yeah the the whole thing with the algo bracketing makes it hard to read Yeah, I completely agree But I would maybe potentially Tell you like print one of your best trades and stick it to your world just behind your screen and stay focused on what's What is like a 10 for you? Like you maybe already creates some of them like nine or eight And just keep with it and try to Yeah, to keep this picture and look for it the same Even if context is sometimes changing made you not on the site But you are doing strong work and you are consistent you're here for a long time Yeah, just keep keep doing it. Yeah, I mean for me it's just uh Uh, I'm just pretty lost with everything I just don't seem to be getting any results and and I get confused about You know what kind of You know everything we do with all this It's not like other jobs where it's like, okay, here's a clear cut set of directions you do this this and this And there's some kind of process to it and it's like I got a I Make it up by myself and I just I mean, I just don't know if I'm cut out to be in this business or or not I mean a lot of the times I don't I got no idea what I'm doing or how to Figure out am I making any actual progress? And sometimes I'm just ready to throw in the towel on the whole thing and be like, you know, I just I don't know if I'm Cut out for this at all I think you don't have to to give up you just Yeah, let's start with the basic Take point by point make your Check your yeah as the flag part of the checklist for example and You're doing great on by annotating the like making the notes And you recognize when you have maybe more potential to do it but one of those Just beside of you and focus on it Yeah, I'll try to uh I'll just print out when I have a good one, you know And I think only if you give up then you will never success Yeah, I mean a lot of it. I just don't have a Straight forward process where I can tell myself, you know, I'm gonna do This and this And then I'll have some kind of results saying that I know I'm making some kind of progress. It just seems like Yeah, it's hard to even say it's I I got no idea what I'm doing anymore The basic and check every point to have like the good theory behind it and grade it and then going forward Maybe but it's like I think every training is like every business You never know if you will have customers or not today You never know if you will have like for example the handspinner for one month it's life is like that I think it's uh Have your process stick with it and maybe Walk with your m m f a for example as bruce mentioned in the trading journal it might bring a lot of About Yeah, when your drink is going wrong if you have maybe to to cut it To get it shortly. Uh, what's your Like do you put a stop? Do you put the targets? Uh, how are you managing? How how much are you willing? To lose for example per day. How many trade per days? Like make a plan and just follow it Yeah, I'm at the point where I don't have A thing that's repeatable to where I can Can keep testing. I'm just trying to figure out what the hell is it That I'm supposed to do to make any sort of sense out of this to where I can Have some kind of consistent thing where I can do it over and over and get good at it Because it seems like I'm just here and there and I I'm just really lost with this whole thing. It just It's just constant confusion every day just Yeah, I don't know what else to say about it. It's just sometimes I just want to Just give up on the whole thing Yeah, rob rob. I think um, uh You know stan just gave some some really good good, uh feedback there about printing out something that was a good trade Uh understanding why? Uh and keeping that in your mind with the you know, that that is the number, you know, it was a 10 and um Look at like allen. Uh, he knows what he's looking for now Momentum, uh, he's shown the same thing Again and again. I mean even in this this one here Uh, like, you know, there's a lot to see in here and there's a lot of good stuff in here Uh, you know, look at look at your relative volume. Look at your liquidity. Your high liquidity is up High liquidity is up here Right, uh, and uh, yeah, there's there's some in here, but look look what happened You got your impulse move away from an area Uh, you don't have a lot of selling in here. You see a lot more buying starting to come back in here Okay, looking for another impulse move out of it Uh, it's kind of short lived a little bit, but boy it comes in hard here Uh, and then there's your target You know, uh high liquidity Up here There's there's a lot of things to to you know, garner just from this this This chart and that flag pattern repeats. I mean the concept Or variations of that flag pattern or you know, these this kind of um impulse move pull back impulse move Uh, you see again and again here Uh, then this one's not so strong in here, but you know, uh, it it's certainly there's certainly one here and then here Uh, and then it it comes all the way back down here spikes below it and actually does another one on the way back up um, so um You very cleanly and clearly marked up your consolidation zones Look for the volume and the the order flow within it because Once it starts to come back around here You see that that selling is starting to come in You can look for this as being your first target Yeah, you know, if I just had it narrowed down to where I'm going. Okay, this is exactly What I'm supposed to do here and I can just have Something and I can just repeat it and over and over and over hundreds of times And I have plenty of times to do it each day I can get better at something like that But there's there's just sometimes where I'll sit there for a whole week And I can't figure anything out Well, first off it's it's not going to be the same every day And also every time you put a trade on you don't know if it's going to work or not You just don't that's the the risk part uh But you know that overall you have an edge Because you studied it You know what it does And therefore it is more likely to work in your direction And uh, there's there's no there's nothing confirmed in here like You know you put you put on the risk and that's all you can do Uh, I mean we just had a a webinar Earlier today with axia futures You know when we get the recording, you know, we'll take take a look at it There are top traders scalpers Are hitting like 37 percent 40 percent somewhere around there They're less than 50 percent But you know, they'll take a loss. They'll take a loss. They'll take a loss They'll take a winner and you know, maybe maybe a small gain or something Then, you know, maybe a loss a loss and and then they'll take a winner But they'll leverage into it And they know the trade And um, uh, and they knock it out of the park So um, and they're doing that all day long So, um, you know, I I wouldn't uh don't it's not like a um It's worse than a coin flip, uh, you know, so uh, um Just continue to look for um the thing that gives you the insight Uh that this is going to work out and I I You know Everyone's in the same boat. They're just it's not like, oh, yeah I see it and I'm you know, I make money on every trade or anything like that It's a it's a fallacy Yeah, I mean, I I know what the the best you can really hope for is That it could be 50 50. That's probably your best case scenario, but it's It's like a I don't have a process to where I'm going. Okay. I'm seeing this this and this I'm gonna enter you and then I see this and then I'm gonna exit And uh, I I don't have a consistent thing yet to where I can be like, okay Now I have a A whole process. I have a consistent thing Now I can go test it and see do I have some kind of edge or not But I I think I think you were working on it like like stan mentioned like you're you Had your criteria checklist and you were going through it and marking it up That's how you you get better at it and and uh understand that you're starting to develop an edge And I get a feel for it You know and there's different times a day. There's different environments. There's fundamental news. There's geopolitical stuff You know, there's a lot going on But you still look for Uh, you're your trade you're set up your criteria Uh, keep marking it up. Keep looking at it. Keep keep finding it. I mean this I think this one over here is is pretty good Uh, that that's a pretty good flag pattern right there Yeah, you got a night. You got a nice target too. It's it's it's a pretty beautiful chart actually But uh, and then like stan had had mentioned here time and again Like look at the liquidity, uh these areas here like it it's meaningful These are where the orders are Uh, and uh markets are gyrating around the the orders Anyway, just uh just some thoughts there, uh and um and keep keep going. I mean like, uh Start simple start with the simplest thing. God even in that axia webinar that just this afternoon Uh, that their head educator Uh had mentioned he started off with little tricks in in scalping He got good at him Took a while got good at him and then he just his breadth and understanding uh in now now understanding the market mechanics fed him to Uh, you know bigger and better things So, uh, yeah keep keep uh, you know keep going Uh, yeah, and I'm kind of thinking there's pieces of the basics that I have to go back, you know like, uh Trying to put the the volume bought dots and the bars together Which uh You know, I'm still working on that You know, I'm just Going back through the learning center videos and Going okay. What's all the basic pieces with the volume dots the bars the heat map There's must be a lot of fundamental things that I've lost at some point that's Making it to where I'm not making good entries and exits That I'm not seeing in the order flow Yeah, I mean, I don't know to to me To me and I'm sorry stand to take The um, you know to me it's like, you know, I I really I struggled learning Italian and Italian's pretty easy language to learn Uh, I didn't speak a foreign language and I went to Italy like uh when I was 28 or something So it's late in the game, you know, I'm not like eight years old or five years old learning another language so I was ridiculed in fact, uh, and made fun of and uh, I struggled and it it I hope this analogy works, but it sounds to me like it's similar like you get really confused and like, oh god I'm I'm not getting this But then you make a step forward And it's like, oh, okay. So that I understand now how these pieces come together Uh, and then uh, and then you do well for a bit and then like again it becomes really confusing again Uh, until those pieces start to come together again And you make a pretty advanced step forward. Uh, so, uh Anyway, I I'm hoping that's what's going on here. So stay the course but uh, learn some of the, um Uh, some of the things like stanis is saying like keep it simple Take your your print out the trade that worked for you that you know, uh, you saw it clearly look for it again Mark them up mark up your criteria. The criteria is the key Uh, that you have a checklist Because we're not looking at just like this to unfold right here as a flag We're looking at because of all this other stuff in here as well Okay, as well as all this liquidity that's been in here like there's the there's it's it's not just the here and the now Uh, you know, there's a whole bunch of other things that contribute to this move Uh, and that makes it much easier my opinion All right. Well, uh, yeah, sorry if I took up too much time on that or Hey bruce the talent you hear me? Yeah Yeah Rob, listen, I know how you feel in the beginning. I felt the same way And ask bruce. I just spent all day asking questions and questions and questions If you want, I don't mind working with you because I think you're just trying to like drink from a fire hose and I'll uh I'm not the book. I'm not the uh I had no issues starting the book map everyone thought it was blown up pizza pie And they were so intimidated just looking at it that they didn't even let me explain They already had it in their head that this is too complicated and that's it. Meanwhile, the whole thing is really simple And I don't I don't mind helping you the same steps that got That got me going and and seeing it more simply. I think you're just trying to Accomplish too much or you just DM me tomorrow DM me whenever and I'll I'll help you I'll and then you'll you'll see it, you know, I think you're just trying to do too much on one shot And yeah, I mean I mean the the objective here is, you know, I want to make money off this Yeah, you know, I'm putting all the time and effort into this I have to make money off of this or I have to Go and find something else to do to support myself You can't use that attitude that when you go with the attitude I have to make money today It it doesn't work for some reason because it's because it's a fast life. It's it's no, no, no You're right. But like in the trading world, like I have to make average dollars today. I have to make like It like you can't like come in they have to come in like, uh, I don't know exactly how to explain it But you can't come in like I have to make this much today or that's it Yes, you have to be at the point to be yours to make money and stuff like that, but But um, there are simpler ways like to get started and then as you as you You know are comfortable, you know, it's not a race. There's no one You know clocking you with this I'll you tell me whatever time is good for you every day and I'll I'll go over some simple things with you Maybe because I'm I'm good at like, you know, I have a lot of patience to deal with it And you know, I feel for you because I've been there and you can ask bruce how many questions that I was used to ask him we used we used to have a morning webinar remember bruce to 931 Yeah, yeah He's up at 931 where I would ask him questions and then a 10 o'clock one We're asking more questions like for months every single day and I'm you know I'm still not the expert because every day comes out of new products that I have to learn but You know, I I think I can help you, you know, I don't want you to quit You know quitting starts like a bad a bad, um What's the word it is from the bad path like to quit, you know, because it's trading it's hard, you know It's a 95% failure rate, but if you stick it out Also, it just starts to click so It's up to you. I'm Nothing else in my life worked out very well either. I don't want this to be another thing that never Exactly worked out for me Me either I'm not going to go into our lives while everyone's listening But I have the same stories as you we can show them privately and that's why I I said I I quit a lot of things in my life and I said I'm not quitting this I'm done quitting things like no matter how hard it's going to be no matter how many proper counts I've blown just it's part of learning because that's why You know only five percent make it because nobody's willing to do it You know, it's kind of like a I don't want to say hell But it's like sometimes it is sometimes it's like you just want to take your computer and smash it against the wall You know one guy. No, okay. He actually figured it out. He had he had a six thousand dollar laptop and he broke it in half So everyone everyone and now he makes like ten thousand dollars a day So everyone goes through this process in different ways. So I just think you just need uh A little guidance and you know start small and and then you'll we'll get bigger one step at a time Like I said DME don't be shy. Otherwise, I'll DM you All right. All right. Talk to you later. Yeah I'm sorry bruce and stan if I Took up too much time with that. I know you got stuff to do. Sorry Oh, no, good good It was a good discussion. Um, but we do need to move on though, uh, and uh, we'll move to the next one here. Um, This is uh, donkey, uh stan Yeah Like yeah, we'll move on to donkey So, yeah, super great, uh, good recurrence You're always watching at the same Great to see your checklist No, that's good Yeah, as as always good job. I would just say as you know me, uh to Like you enter on the number four Where you put the circle. Yeah, exactly there. So, yeah And I wouldn't think I would personally enter at this time, uh, like Yeah, you don't have any strong liquidity that came in and even like you are entering With bias in it. So yeah, overall you have a great risk risk reward, but uh, You are maybe not with the behavior of the market at this time Plus you can clearly see like when big sellers are stepping Like the short term liquidity plus the poor liquidity Uh on the on the bid Yeah, exactly. And uh, yeah this conviction I would maybe potentially look forward And try to look for more sellers and take part of it I don't know if you're here and if you have anything to say Yeah, I don't think uh crash and donkey are in in today uh But I totally agree like, um Uh stand this this seems I mean, I'm not seeing this transition take place here. Uh And in fact, I mean, there's quite a bit of buying here as you you can see but Yeah, um And then I don't see the selling coming in yet. Uh, I I certainly do here And I certainly see that liquidity Uh, and we even get a we even get a pullback, but even look this is what I really I mean I'm totally with you stand this this to me just looks looks great in here Look at the pullback And look at the volume This volume compared to this volume here And here That's your low volume pullback high liquidity. It's already broken the structure Now it looks good You have clearly a shift of the behavior of the market there. Yeah, there's clearly like anomalia Yeah, yeah, exactly exactly. Um, yeah really really good really good feedback stan Um, how would you manage this uh stan in Your mind like where would you be do you just kind of let this run when you start to target the high liquidity? Uh, yeah, I would obviously like take some off front of liquidity where we never know what's happened with those liquidity And then potentially directly But as you do actually I'll put your Stop as a plus one Yeah And and let one run To to take a bigger Bigger profit potentially we have bigger targets But uh, yeah, it will clearly depends. I would do like that personally and uh, what I Could see is with like the MR what you teach me like a few a few months ago Like when it goes against you Generally it gets your stop So I think it's why when the move has Yeah sticking Yeah, like set a smooth for example in this case further price Then yeah Save what you already have You don't want to The price goes against you Yeah, yeah And and uh So in terms of trade management, that's what you're recommending Yeah, exactly. And so it's why I think it's very important to Yeah to note the stats of your trades Yeah Yeah, good stuff. Well, let's let's uh, since especially since he's not here Let's move on. Uh, you've got a couple more. You've got dune runner And then, uh, I think that's it actually Yeah, exactly. That's the last one. Okay So, uh for Dune runner So yeah, he was taking a shot But overall he was looking firstly for long. So I don't know if he's here And maybe explain us why he took a shot there, but I was like maybe pointing on The same Like look all those buyers that we're in before like the red sand rectangle then I enter And you were clearly going against this conviction Plus you had your So your confluence for the long like the stop and iceberg has cut Teach you And so yeah the You put a lot of Long confluence and you took a shot. So I was wondering why you went to Short Yeah, I think we got we got dune runner here got the mic. Yeah. Yeah, can you guys hear me? Yes. Yeah Okay, perfect. Yeah, so what I was actually showing here. This was uh, I was showing a losing trade um, and what I had originally missed was when it, uh That number two or popped off the view app Um, I probably should have taken that as a long signal the reason I did go short If you look at the buy ice previous, uh, like 1145 You see the teal square So I was actually going short off of that event Um, trying to get a a tr reversion So it was okay. Let me try the reversion trade And I didn't realize there was so much momentum going to the upside Until after the trade was over and I went back and did my journaling That I just was using this as an example that hey every trade is not a winner I don't I don't like to just post winners all the time. I like to kind of do Half and half if I can Just to show, you know, both sides of the coin and I think I learned more by reviewing losing trades than I do some of the winning trades Yeah, for sure Yeah, that's that's true. All right. Yeah, I didn't catch it. Yeah, so so that I was just showing a missed opportunity Um, I I I should have been long Especially based off of the of the ice The buy ice right off the sell stops That is usually a very strong bullish signal So I I just I missed that in the time because I had so much going on I'm I'm fairly new to this a few months ago. I didn't even know what a future contract was So I'm I'm pretty new. Um, just been been with back for book map for a couple of months now. So Yeah, but that's great overall that's great stuff. That's great to have annotation It will be good to maybe point of like, uh, your kind of checklist what you were looking for and uh so Yeah, because I was reviewing but I was maybe more thinking about taking a long, uh, I didn't get why So, yeah, as I said just Two minutes ago why you took the shot there Yeah, the the main reason I took the short was just going off an atr reversion So the the the teal dotted line is a is about a one atr from whatever the volume event is whether it be an ice or a sell stop Um, so I was just trying to do that and then the target is to get back to the uh Um back to the zone Okay Yeah, but great Overall, yeah, you took it on book map. Uh, yeah, you took it And then Or I just realized I stopped out and I got past my limits. I just had to let it go Yeah, and that's great. Actually like you make post trades of your loser Uh, yeah, as you said I think you can understand yellow and much more from that Yeah, absolutely. I thank you, uh dune runner for that like, um, it's it, you know, you're being vulnerable Uh, but man, is this how you learn, you know There I I heard all of your check your criteria in your checklist Um, you know as your atr's etc Uh, but this is uh, kind of one of the things like, you know, I feel where you can get an edge with book map Is understanding the the the transactions and the order flow Because these lines on the chart will still exist Uh, but you're you're you're going against the the the current here with the volume uh, and um And the aggressors are the ones that move the market Uh, so, um, uh, if um, I you know, it makes sense. Um, the logic, uh for your for your setup Uh, but order flow wise, um, it's it's it's the opposite It's telling you something else Um, and uh, yeah, I'm not I I mean this in the best way that, uh, you know, um These the it's these the the losers like you you're, um, uh, comfortable To post is going to uh be your best, um Teacher I think because there's there's there's some really good stuff in here. Uh, and uh The lines on a chart can you know be helpful, but order flow rules And and just again and again and again So, uh, you know, maybe it turned over uh over here someplace But even this on the chop on the way back down and it starts to pick up in here So maybe I don't know if it turned over But um, uh, this is this is pretty strong Strong move here and maybe maybe it came back up and maybe there's more more bi volume up in this area up in here continued on I'm not sure Yeah Yeah, and I love I love your uh, you you're spot on with your stops in your icebergs there And in quote quoting scott on that one and that's a good one. Yeah Um, okay, uh, so what? Anyway, uh, yeah, thank you, uh for that. Um the uh Now I want to let's see a runner a winner next time Yeah Yeah, I've been I've been updating the spreadsheet. I'm still in the academy applicant So I'm just I'm trying to post at least one thing every day. Um, so Yeah, if you if you go into the into the bookmark academy Chat link, there's yeah, I try and put one in every day and Excellent excellent. Yeah Throwing losers as well just to be real. Yeah. No, I mean it it that you know It was kind of shocking like uh, did you know like I was saying earlier like this axia future's Webinar and hearing these guys like yeah our best traders Win like 35 of the time or something Maybe less But when they win they they really leverage into it So they're just taking small loses small losses small losses a couple winners small losses And then something happens and they they grab it So they're protecting themselves and once they grab it. They really grab it And uh showing those small losses and uh, uh, you know starting to to digest that that reality of it, uh, is um It's really helpful. It's really good to hear That you know, these are some of the best of the best and this is how they're trading Um, it's inspiring. So Um, yeah, yeah Well, uh, yeah, welcome to the bookmap academy. Um, and uh, we'll uh, we'll cover some more stuff with you next time Uh, and uh, you're off to a fantastic start. I mean Like uh, you're noticing the stops in icebergs just like that Uh, and um, uh, you're trading right from the bookmap chart Uh managing your trades, etc. So, uh, great great stuff Yeah, thank you Uh guys, thank you everybody for coming. I I'm sorry like we're gonna have to break these down like a d&t matter had some great content uh, the let's see jack had uh, robbed had some Really good content as well. Um, and let me let me get to that in fact like um And and we just don't have time to cover it. It's already been almost an hour and a half We're gonna have to do just more I think more sessions somehow Or uh, these breakout rooms and and individual coaches can then um, you know, maybe uh, uh, you know, give the feedback from uh their uh Yeah, here's here's d&t's Uh, and uh, you know some great stuff in here. We just I'm sorry. We just don't have time to go over here's robbed and Uh jack especially liked some of some of the things that you mentioned in here robbed So, um, good stuff. Look at this. Look at this beautiful checklist in here Um guys, I just think this is so important. Uh having that and then marking it up and then Seeing it This is this is I mean look at this. This is this is fantastic. Look at the selling here compared to the buying here right Uh, and it trades right back up to here We would anticipate a move back and then more buying again. This is looking like it wants to go I don't know what happened, but uh, it's looking like it. That's for sure and We have a lot of nice Criteria in here for continuation on that move So, yeah, thanks everybody for coming and we'll um Get to some more of the coaching and and and get deeper into it Don't forget. We're gonna have that crypto competition march madness crypto competition We've got Another great webinar with karmine risotto who's going to talk about using the replay mode for debriefing and trading Uh, so we we got a lot of things to go through And these are excellent tools the more that we do this the better we're going to get And it's the quickest way, uh, you know, it's like that poker player who Uh, it plays many many hands Over over and over again They're gonna get better a lot quicker than, uh, someone who just plays uh every now and then so Yeah, we'll have to end it though. Thank you everybody for coming We'll see you tomorrow. We got the all markets webinar, uh, and it's friday, so We'll catch up with you then All right, so yeah, thanks stan, uh any any parting words stan that you have No, but thank you. Thank you everyone to be here and keep posting All right. Thank you stan. Okay. Good night everyone