 Good morning traders and welcome to the book map all markets webinar here. This is Bruce ad book map And we're gonna go through The live analysis here like we do every or that I'll go through it and we're gonna go on Monday Tuesdays and Fridays and We have well I'll go through the calendar in just a little bit, but so I've been in in here at book map actually for about eight years and and trading for about 15 a variety of different markets here and Specializing in the order flow here at book map and lead the trader education and Yeah, you can reach out to me On on discord here and also at my Twitter account at flow order Let's go through disclosures and jump right in All book map limited materials information and presentations are for educational purposes only it should not be considered Specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves substantial risk of loss And is not suitable for all investors past performance is not necessarily indicative of future results All right, let's jump right in And let me know if you have any questions. So we've been covering a lot of stuff Lately last week. We went over trader map pro in detail. We can continue to go through that if you guys like we just had the ISM manufacturing Purchasing managers index Data release here. You can see the move to the downside It was better than expected the knee-jerk reaction is For good data is bad for the market, but you can see it's all over the place Traded down made Kind of lows below the swing here and traded right back up. So we're kind of right back up where we Started before that the data release. All right, so anyway, let's Good morning, Rob. Good morning, Tony All right, well, let's say we're gonna start off Usually I jump right into the order flow because we're looking for a momentum trade Based off of the 930 cash open and we're still in that time period here I don't I'm not really seeing much at the moment We see the move down. We see the move back up. Ah, you know Don't really see much of anything at the moment. So Let's jump back and look at the bigger picture here with our daily chart on the left-hand side The hourly in the middle and the 15 minute on the right-hand side and we're gonna just look at some simple levels in here And start to understand What we might think will unfold here. Okay, so we can see here on the daily The for the day at least that you know, we did kind of break this this range here And we have not let's look at a little bit less data here Okay All right, so it did break the high here from from Friday and that's usually a pretty good sign So looking for maybe back up into to maybe forty two hundred here We've been looking for that all last week as a potential move after going below These swings down here and then seeing the rejection off of this level and we see strong move up and Continuation up into these areas where on Friday we were looking for If we were going to continue on up into these areas then we're looking for some profit taking and maybe some sellers to start coming in If we jump over to the hour chart, I'm really not we see that little kind of break in here right now, but Boy, it's You know, we're still seeing some momentum to the upside here. Okay, so same on the 15 minute chart We can look back maybe a week here and But let you know, let's take a look at some other possible levels in here because we're you know, we're up at these pretty important highs and some profit-taking and some Sellers Might come in at these areas we would assume that and we look for maybe a retest back down to maybe 4185 Maybe a lot of selling starts to come in down into 41 76 41 71 Etc. So at the moment, yeah, we're we see the wick above. We're we're still seeing momentum here at least on all three charts But let's just jump in the book map and see what's going on in here to give us some idea So we can look at our 4200 up here in the S&P. We see a lot of liquidity in there it's been in there for the entire session so far and Then looking at the swing lows down here we can see the 4181 or so or 4181 liquidity down here That's pretty much it like we're not seeing a whole lot today this morning But I'm kind of curious to see if we can get back up to 4200 here, right? So Let's just take a look at this volume event here and we'll start to jump into the order flow So hold on a minute here And let me get to the questions in the all markets and YouTube. I'm in discord here Good morning Rob. Good morning slowdown. All right. All right We're going to take this this volume event in here and we're going to kind of detail it out a little bit so, you know, we can we're looking for the strong move and Now we have something else to play around with in here a look for Reactions around this volume event. Okay, so so far like we said the momentum here has been it's still to the upside We see a lot of strong selling come in here though and then also after this data release All right, so now That kind of disrupts everything so we can just kind of block this out here and then look at this area here as Our levels of importance Okay, and we're looking for volume events and also the order book around these areas to give us insight Okay, so right now we're trading right up into the This swing here before the data. We already rejected here once we're back up again We look for continuation of the momentum here in this example All right. Here's why now until we see something different in the selling We're looking for this to continue on up to 4200. All right, so this is a breakout We just traded into the 95 here and we're looking for the continuation now I know that was kind of unfolding as we're talking we have to move kind of quickly here In the in the discussion, but here is why we were looking for that Here's the data release. We know there's a lot of selling. Okay Here it started and we're actually above that now So and then we have our swing here and we're just testing it right now Around this 97 and we see a lot of volume here on the buy side So we're looking for this to continue now. Why did we think that down here though? Okay, well we marked up our volume event here. All right and 90 94 and 87 and a half or so, let's call it down here This is where this the knee jerk reaction was heavy selling and then the back and forth here Buyers they broke above this area here. It rejected, but it was still supported down here Okay, let's just get into the details. Okay, you can look at your volume profile You don't need to you don't need to rely on volume profile here You can look at technical levels in here. It's very very simple. All right, so first off the volume profile area Let's get our pen tool up All right, our volume profile area. What are we looking for? All right? Well, it would be I'm just gonna use the pencil Yeah, that's not how to do it. Okay, and that's a little too big. Let's go with this. Okay The volume profile is here, right? So high volume node Okay Here's our move to the upside It broke the level on high volume high volume all the way through And then it pulled back To where it broke from here Okay, and that happens to also be your high volume node and it is being supported It did not break down below We can see some support in the order book in here a little bit in here It's not much here at this point like to the left of this line here. We're not seeing a whole lot But it we do see sellers here And then they trade right up into these sellers on the we do see aggressive sellers here We see limit cell passive sellers up here and that the buyers trade into it. We get another pullback It is still being supported here Okay, now we're just looking for our buyers and since we broke this once We're in we get more buyers in here again. This is where we look for continuation All right, so very very simple And that's why we're looking for the continuation Right because it's already come. This is the important level. It broke it it pulled back and We're looking in this case in this example. We're gonna cover it with volume profile It bounced off of the profile here the high volume node. Great. All right, so we got something now We're just looking for our aggressors up here and the continuation All right, so that's one way to looking at it another way of looking at this here Same event same outline here. We don't have to look at profile We can look at technical levels in here and in fact, it's probably better to go to book map at this point and we can use our drawing tools in here and Well, we have multiple things to take a look at here. Okay, we have a breakout of a trend line We see high volume in here and We also have another Kind of horizontal line in here, right and what we have in In fact within this kind of bigger range from that that from the data and the reaction here We have this and we have this Okay, it's supported or we do see sellers down here. We you know, this is not a this is not any clear signal here And it traded up into here and they're on the offer absorbing All of it Here we get some insight though. We retest what's a higher low. They're on the bid down here And do we see sellers here? Let's just zoom in a little bit more. Okay. Do we see a lot of sellers here? No All right, this is giving us a lot of insight now. We're looking for buyers back up here And if we get our buyers in here, we're looking for back up to the high or where it broke out from and then maybe and possibly the continuation so if you're Looking at this and you're getting in In one of these areas here with a risk down below here. This is a possible scenario to consider And then taking some off up here Okay, now it that would just be to reduce some risk and it's up to you If you see a lot of buying coming in here and you see them pulling here on the offer well, then why not do the same and Pull your order as well. In this case, they're getting filled here at 95 95 50. Okay, you can see them stay in the order book So I would Look into it. This is something for you to to Figure out how you want to reduce your risk, but this is a potential area here All right. Now. I don't know if it's gone to 4200 yet or not. Let's just take a look Okay, no it didn't so it it came up to this area here at 98 and And look at the what's played out here. Hey, we see this is a strong move We get a pullback. This is great. I Hate I hate to cover it have to catch up to this I'd love to just cover it right now, but this is important why this is unfolding like this So it traded into this liquidity. That's the first kind of sign here We look for the next area of liquidity. I would look for it to trade and transact up into these areas here And what did we get? Well, we have we have our strong Volume in here. Whoops. Sorry guys. We have our strong volume in here Okay on this move We get a pullback it pulls back to that 95 level where they got filled here. Okay. Now, you know, I'm Covering all of these things and for those of you who are new in here. I just hang in there It may sound like it's kind of hocus-pocus here. It is not these levels matter Because this is where there was liquidity and this is where it transacted. That's why it's pulling back to here and retesting And now we're looking for who is going to take it buyers or sellers Well, we see the buyers come in here and they fail to come up into this liquidity They do make a higher high here by a tick just one tick Then look at the retest here. Hey, we're looking for buyers here. It's it. We're bigger higher time frame It's momentum to the upside in here and the smaller or medium term a time frame For the day and also for this move. We're looking for our buyers and we're looking for continuation and looking for the move to 4200 We this is the buying that we got here And then it's not as much and then here look at the exhaustion up here at the top Okay, we don't see any buyers up here now. We're looking for when sellers might come in. We do see them here Okay We see we've gone through this setup so many times But let let me know if you guys have any questions because you'll see this so many times over and over and over again Now we still may get back up here. It may maybe it bounces off of the point of control down here Maybe it bounces off of this level here and we find buyers and they take it back up in This scenario we see the selling come in We get a little bit of a pullback here Top of the arm this this swing here is the pullback didn't come up any further and we see heavy selling coming in The next area we're looking for support is our point of control or our levels in here that we covered earlier okay, now we blaze through them and Now that's actually becoming resistance. It was support It becomes resistance and you see more sellers again. Okay back down to the bottom of this range or this block not quite yet, but Down into this range here as you can see All right. Now. That's a lot of technical stuff in here However is hold it holds true a time and again So now the question is this looks to me like the important pivot here Okay, is it going to be above or below this 91 and three quarters? And that's what is setting the tone right now Okay, so the sellers have moved it back down below To test the bottom of the range here and maybe they remain in control All right, so right now actually yeah I would actually say that see the see the retest here I'd look for sellers to test the bottom of this this this liquidity here at the bottom of this range Okay, looking for them to come in and and let's see if they can not only test it here Let's see if they can break it and then trade down to 83 liquidity down here 83 75 Okay, so we're going through all these different scenarios in here and Then you can look for managing your risk along the way and that's a lot of stuff in here So let's clear the drawings and Read the order flow. All right, so we're just looking for this move down into here and Yeah We're seeing that some some sellers come in and now a little bit of back and forth some buyers starting to come in any questions So far, let me jump over here The shadow, thank you. Yeah. Yeah, that's true like since 2017. I think I started with book map in 2015 and you can see some of those videos still and Let me tell you Book map has come a long long way It was very a very different platform back then the fundamentals like the heat map and the volume dots were still there But there's so many other things in that have come in that are so nice that really offer Some some very deep insight. I really appreciate the comment there. Thank you shadow Um, all right, so, uh, I think What we might go over today Trying to think of a lesson plan here It's up to you guys like a questions that you might have different instruments that you might have We always open it up. We can go over futures stocks or cryptocurrencies does not matter to me Most people want to look at the s&p. So we do And then we may jump around a little bit based on requests or or whatnot And we've been going over certain topics and lesson plans And we're gonna do more of that moving forward So one of the ones that I'd like to cover here right now So maybe this will be the lesson plan for today is market structure and it is critical to understand market structure It is kind of a bigger picture Of things. Okay, and we already we already started off talking about market structure to be honest We talked about it. Well, we talked about on our higher time frames in certain levels up here and then we talked about Different scenarios unfolding in the market structure. Okay on the hourly daily and 15 minute chart And where price might go where we're looking for sellers Where we're looking for buyers like the momentum today is still to the upside now We're seeing sellers starting to come in where are they going to retest well on the 15 minute chart I'd look for this 85 level here Looks pretty good. If we get continued momentum to the downside all right now You know, that's kind of our higher time frame structure then we we covered this one here is what really stands out We covered this structure here the the volume event at the from the data release And we when we were looking for that breakout to the this breakout here to the upside and we were looking for a continuation up into 4200 okay didn't pan out We saw the sellers starting to come in and we're looking for them to retest Back down into some of these levels here like here and here and surprisingly enough they broke right through it And then so that's why we're looking for this 88 level and 85 now due to our higher time frame outlook Right now what we're going to talk about in terms of structure is going to be a smaller structure And then we're going to look for the microstructural stuff within this smaller time frame structure. Okay, so Let's clear the drawings once more and We'll add in a bit more here. All right, so here's our event And then there's our breakout now. We have this smaller structure. Okay based off of here All right, and now what we're looking for is the volume and the order book within this structure here Okay, and that will give us insight to this remaining in a range or breaking the range Right now. We know the sellers in this smaller time frame or control They've moved the market here and they moved it below this level here But this is our structure right now And what we'd be looking for is if we're gonna break out and I have to cover this really quickly here because I'm surprised like I thought we would break down and Here's why it was it was starting to set up nicely here But then we got this cluster of buying Above this little trend line here and here they are again All right, so where might they go? Well if we get our buyers in here Hey up at this top level I'm looking for them to trade it back up to here the top of this range that we outlined earlier So we're bound 94 or so And now we have not broken out yet And let's see. Let's see if we get if we get sellers here If we get exhaustion here and some more buyers in here I think we'll come right back up to 92 and then 90 are 94. Okay. I see exhaustion here so far Let's see if the order book supports underneath a little bit and a little bit more buying maybe around this 91 and in three quarters 90 and three quarters. Sorry and no we're getting our sellers. Okay So this is the opportunity now for the sellers to drop it now to 88. Okay, we're we had these clusters of buying up here Likely we'll get the stop run into 88 and our 85 now. Okay. There's our 88 Okay, still looking for more though Looking for 85. Okay back up to where it just dropped from Did they trade down here as well? That's another question Yeah Yeah, they kind of kind of did kind of didn't you can see them pulling before here right before So okay interesting move here Back down to the bottom of the range and then back up to that this top top of the smaller range We outlined here Yeah, all right, so Yeah, I got this basically was looking for that continuation. What is happening here is these guys are the ones that are trapped And the stop run is is now Open to back up to 94 And that's what we're looking for is where are these guys kind of trapped to then fuel the fire where they're compelled to sell Or where are these sellers here now compelled to buy and they'll be compelled to buy up and up in this area up here And we should if if we get the buyers in here, we should get the stop run up here. That's what we'd be looking for And then if we get continuation and back up to 40 200 that's a whole nother another question here And there's really no liquidity here at 94. They're up here at 95 And then then it's back up to where it failed up here And never traded into this liquidity one a note in here How this can be tricky? You know, we saw the move of the cluster above and then the pullback and then the continuation just previously over here Right, we saw it. We saw that set up here and we were looking for it here and then sellers took it down here That's why I would look for them to continue Right, but instead we got buyers who came back in and traded the other side of the range so we're looking for these traps in here now and then continuation or rejection and We've seen that we see this many times. It's like, okay. Well, they're here. These guys are the ones trapped Well, maybe they got there's this there is a little bit of a stop run here Maybe they got stopped out now. Maybe these new sellers in here are the trap and now they're getting stopped out up here We could still get one more. You'll see this happen many times like And then look for even a bigger one up here And then if the market can pull away and get below these guys and these buyers in here Then that will be we can look for the bigger stop run and the bigger continuation of the move to the downside Hey, does that make sense? Like a lot of times you you'll see it kind of You know, it's like a kind of I don't know rubber band to one side a little bit a little bit more on the other And then it really gets extended over here and then it opens for that scenario Okay, that maybe you won't get the continuation here. Maybe you get the reversal here that finally unfolds And so that's why these areas can be really really kind of tricky And and reading it and the way one way to handle it is to Well, if you if you went for it, you gave it a shot. Just reduce your risk Take your partial profit And you're looking for it to continue if it didn't continue it didn't continue At least you didn't lose money. You could maybe take a small loss on the second leg That offers that flexibility that you still you you put money at risk, but you still came out ahead Okay, you didn't win as much as you could have but that's okay Lots of questions in here. Hold on a minute It was like the 60s with black and white Yeah, that's right. We still have it. It's called the legacy heat map. In fact, that's funny Peter And you can still look at it, you know, it was black and white like this and actually, you know You know what I think I could even duplicate it. Um, I can show you this older version of book map I think we kept it in here. Um, the the the Market live market line here actually scrolled so Let's see if we can if we can I think I can Do that maybe not Static timeline. Yeah, right here right here. This is what it used to do. I'll you'll see Yeah, yeah, yeah, it's doing it. See you see all the the timeline the price is static here The timeline is moving though And then it'll come over here and then it'll jump back And it was really confusing. I I thought I really like that You would allow you it would stop here though And you would allow you to see the microstructure really really well that that was nice and that was the that's where we came from That was our history to be able to show that Uh We're looking at the microstructure because we were building algos that we wanted to understand the behavior See how it it reset it it kind of lit up here as being yellow and then Uh, it reset and it jumped back here Right. So, uh, yeah, that was an older version of book map. There was no sub chart Um, there was no volume in the sub chart. There were volume dots though that were added uh around then A debber. How can you identify a stop run? Sure. So you let's just I'll just show you this here You'll see it go yellow for a second. There you go. And then it resets back. Anyway, that's just more of a trivia type thing Let's jump back here go to configuration and Let's look at the regular. This is so much better. Um All right It's still tricky in here guys. Like I I'm looking actually for continuation and the move back up into Uh, 4200, uh, here's why You know, just going with the overall momentum For the day now, I would have loved to have seen it come down to 85 first And then move back up to 4200 But this looked pretty good in here This strong volume from the from the open The data only retraced back to the top of this structure here where it Found some support and went back up and made it a higher high here So what all all we have here is it trading back down to this Bottom of this range here and and we're still finding some buying buying interests come back in Okay, so yeah, I I I would go with the overall move and the trend here Back up to at least the top of the range here Um Earlier here it was perfect for the drop into 85. I thought Uh, but uh, we didn't we didn't get it. We got the buyers coming back in But anyway, you you it's still possible to you know, um get something out of these Uh In terms of trade management, uh and reduce your risk and then look for the next one. All right So let me get to some other questions in here Good morning all Yeah, yeah, so the um alt alt the um The red lines up here is very high liquidity now the liquidity heat map is one well It shows the amount of liquidity this uh up at 42 under there's about foreign contracts there And it's that red color So everything is scaled off of that high the highest liquidity Not only in the current book but also the historical book So it's based on this whole view of current and historical and then it scales the heat map scales from there So if if this goes out of the window Um, this high liquidity here Watch there will be other areas that look red now Okay, or dark dark orange So now they are the highest in this viewable range and so the heat map has scaled that the liquidity hasn't changed It's set in stone over here uh, but um, uh the um Uh, that's how we can kind of you know give a good good overview. Um based on your your Your view, um, so uh, what was I going to say the uh chart? The liquidity heat map, um Is the same or 400 and this view or 471 now. It's even darker red Uh represents this color There might be 471 over here on the bid. It doesn't matter So that way you you you get reference in here It doesn't make any sense if this is one color and this is the another color underneath All right Is that is that clear like it's the same heat map color? It's just representing liquidity no matter if it's uh on the bid or on the offer now Everything above the price is on the offer everything below it Is on the bid uh, basically Okay, so I hope that answers that question We do have uh, we do answer that question in the new learning center I can show you where that is go to book map.com Okay, for those of you new in here, uh, then click on more button and go to our new learning center here uh, and then Yeah, there's uh, you know getting connected videos getting started course and our market mechanics course that we've had since about 2018 this is evergreen content though. So uh, it has the old heat map in here But it also goes through this type of information which is critical to understand All right, so uh, yeah, here's that older version of book map in here All right So, uh, yeah, but this is really uh key uh stuff to understand. So if you haven't watched this, please watch that um, at least part one of the course the getting started course though here, uh, we answer that question on the um, I think displaying elements Or maybe in chart navigation zooming and zooming and navigating. I think that's it Anyway, it's one of these in here. These are very short videos. So, um, if you're new to book map Or you want to refresh your information on it. It's all in here Okay, we we uh put this course together for you guys Hold on a minute. Just reading through the questions Yeah, Alberto. Yeah, you're welcome Yeah, well, hopefully that that learning center should help you Evaluate the product a bit better Yeah, and uh, don't don't forget also on the toolbar up above on the in the learning center here You know the knowledge base Symbols table glossary our community in here. We have a discord Uh a blog forum youtube twitter support. You can search videos in here Just for videos in this section All right All right Stop run. There's a question on what is a stop run? Okay Uh Well, and this is what it looks like here in the sub chart. We can we also have it on the chart Uh still looking for this uh 98 and then 4200 here Okay, it's it's still being supported here Uh and uh, you can see the bounce off of the high volume node and vwap here Okay, and uh, it kind of went below our little range right here But see how it's see how it's being supported, right? Went below it and it came back above it on high volume, right? So now we're getting our move up into here And we should get the move in a 4200 We can get higher. Uh, probably maybe o3 here. This is really strong volume Okay, so looking for the continuation here Uh, yeah, maybe up to even like o5 here o4 Okay, a lot a lot of liquidity up here for 409 494 contracts, but still looking for it Okay, we got into that 98 Uh, and let's let's look at it here. They um, some of it got filled in here. Some of it did not And we can look for potential pullbacks as well One the first pullback would be probably about here And it almost did it still may the other pullback would be here back down to 95 again Let's see if we can get some buyers off of some support levels in here Uh, all right. So stop run. Yeah, we can go over this. This is a beauty of a stop run here So, uh, let's put the stops on chart It's a big one 836 contracts stop or were actual stops Well a stop let's just cover what a stop is and start start right there It's an order type when you um Maybe when you enter a trade like uh, you put a stop loss on Okay, so if that therefore like you don't lose a lot, uh, your stop will be triggered and uh, you don't have a lot of risk All right, we've all been stopped out so many times over Uh, that that's what it is your your stop gets hit now if many of them can get hit it would be a run Okay, it hit a bunch of stops like this here. This is a beautiful stop run In fact, I'll take best bid and offer off of here and you can see the entire stop run Okay, it was actually 453 uh contracts here And uh looks to be like one single event and it is uh Basically the uh, the market was trading uh up into here. We found some buyers and they hit some stops Uh, it cascaded from stops in here to stops here and then here Uh, and then one more tick higher So this was a stop run, uh from 9850 on up to 99 and a quarter And these are the all these orders that you see in here are stops And this is just fact. This is market by order data From the cme with rhythmic and you need to have rhythmic if you're interested in this You will also need to get this off of the bookmap marketplace It works with global or global plus, but the stops in icebergs is sold separately Okay, it's very specific. It does not work on stocks and does not work on most cryptocurrency exchanges I think it just works on maybe coinbase pro All right, and what this means is that uh, well like uh stops are triggered in here Uh, it might be or it could be even a larger player who just you know, uh It hit his buy stop and he had It's possible scenario that he had 453 contracts and he just swept the order book up here Right, we don't know that but we do we do know that these orders that transacted here are stops That is fact Right and typically It is compelled uh Sellers buying it back And that would be your stop run All right And we still have not gotten up to 4200 funny So anyway, uh, yeah the um, we can see the whole evolution of these stop stops Transacting uh, and uh, and and when it actually You know finished Uh, after this point here, there were no more stop orders Transacting else we would have picked it up Um, I'm hoping that answers your question Uh, Debra Good morning, Luke. You may not answer but let me ask how the iceberg detector is built I yeah, I don't know. Um, I'm not the right. I'm not a developer Uh, again, this is the market buy order data From rhythmic or from the cme, but rhythmic is the data provider. We're using here And uh, you I can't I can send you a link if you just um You can just look it up here. Uh, mbo cme It'll take you right here and you can read about it here Okay, uh, and you can read about, uh Icebergs in here for example Yeah, so iceberg order IDs Okay, this is uh, this data is transmitted from the cme and uh, you cannot see the uh, the iceberg, um Uh, you know the complete iceberg, but you know when it starts to transact Okay So we don't know the depth of the iceberg Uh, however once it starts transacting we do know the depth of it Or i'm sorry once it completely transacts like this one right here see this one here It says, uh, e 118 This iceberg was detected here at this point right here with this order now we Um, I won't get into all that uh the details on the detection But uh, it transacted in here and transacted in here and then finally it filled for In completely x executed the full iceberg executed for 118 contracts here and then it stopped That was it if you see a c in here that means it was canceled. Uh, the e means it was fully executed Okay, I would recommend going to the knowledge book map knowledge base And um, also the book map marketplace for further, um Insight or education on that Yes, exactly, uh near a sony Why marcus rapidly moves uh when there's a big well it's because uh If it's cascading stops You know like in like in this this you'll see it so many times over and over again um I try to find an example where you see big big fills Uh, maybe this one here Yeah, this this is a good this is a good example Hmm, maybe not If we said we saw a lot over the last few, um sessions, but uh You'll see a larger player sweep the order book Their orders get filled first. It's a market sell Uh, there might be they'll sweep the order book. Maybe several points or ticks uh, and uh They hit market sell along the way there might be stop losses in there and you'll see that first Their order gets filled and then whatever happens after that It it there might be stops that would transact afterwards Therefore that that's how you get slipped. Uh, so, you know, have you ever been slipped? Uh And you put your stop loss in an area, but you got filled below That's what happens. Uh, I think I've answered all your questions in here Uh, Gabe what version of book map for uh, uh people that Uh, uh want to want to try book map, uh, and uh and give it a shot here guys This is looking good for a move into 4200 Uh, and then some Still kind of looking for a breakout of it Hey, same same patterns. We've been going over again and again here So there it goes 95 950 stops hit triggered as well Okay, now one of the things we to to use this information here Okay, that's great. These are stops transacting. What does it mean though? How can we put this into context? All right, so, uh Just because there's a stop run doesn't mean that the market's going to reverse whatsoever Uh, this is these are just stops being triggered if there's more buying pressure And we find more buyers jumping into the market. They're just going to carry it higher And that will be a sustained breakout And that's what we're looking for here Well, at least not a not necessarily a sustained breakout but to trade up into this liquidity up above 4200 Okay, up into like 40 uh, oh two oh three oh four and oh five here Okay, and we'll see we'll see there might not be uh enough What if we get more seller? Well, you can see it kind of exhausting out here and you see sellers here Well, then they'll likely take it back down to here Uh, or here, uh, this liquidity down here at 96 Right, so and this this would still be uh a pullback at at this point at least this is still a pullback And you can look for more support in here Hey, are they supporting in the book? First, uh, secondly, do we find aggressive buyers? Yeah, there's a little bit of support here in the book and we're still finding some aggressive buyers So far so far Hey, are they interested in this liquidity? I don't know Yeah, it's not bad. It's not good though. It's it's We're looking for our big green dots to give us insight that yeah, they want that liquidity here They're going to trade up to it. I would recommend it Gabe, what do you trade mostly? Before I give you any sort of recommendations And are you talking about book map versions or are you or packages? Or are you talking about? What to trade actual instruments? um You might want to start with Well, you you could open Very cheaply with cryptocurrency exchanges And uh, you can get the book map digital version. That's 19 bucks a month And the date is free. That would probably be the cheapest That didn't you're stuck with crypto Otherwise a a consideration with very low money very little money. You can trade futures Uh, and you can leverage the heck out of them with futures There's uh new products. Well, they're kind of they've been out for some years now, but you can trade micro contracts Which is great Is one tenth the size of the uh s and p e mini contract Which is one tenth the size of the regular contract, but that's a whole another story Standard contract Yeah, uh, this is a great question here. Delta is negative, but price is still going higher. How do you explain it? Okay. Well, first off is it? I don't know about that. It's looking pretty good to me. Um, I'm seeing a lot of delta in here Yeah, to me, it looks it looks pretty positive here uh Zakaria, so I don't I don't know what what you see is it as a b negative Okay, I got a cumulative volume delta here Joe your first day in your uh, exceptional analysis. Oh, thank you. Well, uh, look one one I mean, uh, I don't I don't know how much trade experience you have. Um, trying to keep it really simple Uh, and it book map is so visual that uh, it you know, it can These concepts can be so Easily explained in here about how how the markets work And it is fantastic. Uh, I've always really enjoyed that. Um, so Uh, because you know, if you want to understand absorption or liquidity that gets filled in here, here it is It's right here. Here's a stop run. What happens after a stop run? You know, and then uh You know, you can look at your technical levels or but then combine them with some things in here, uh, which is uh So important to understand. Uh, you can combine it here with your candlestick patterns. So for example, look at your candlestick here Okay, in fact, maybe we can we'll just take everything off here hide all put a candlestick on Uh, and uh, uh, what is our candlestick pattern in here? Say I think it's five minute candlestick. Well, not Well, maybe maybe if there's a lot of volume up here. Yeah, it looks good continuation But I see some wick a wick in here and I see this kind of uh, you know A hammer or what I don't know what it's called. Uh, so there's a little bit of kind of back and forth in here basically Is what it means to me in the price action right, so uh We then we can we can look at this though in this guide as you know, if you like your candlestick patterns great But now you can know exactly what makes up that candlestick pattern Okay, so let's turn everything else back on uh and um Or let's go to the default here And uh, okay. Well, here's our answer. Well, there's high liquidity in here. There's a stop run here Uh, there's buyers up here, but they're failing to make it higher and then it just did a retest up here Uh, and there's a little bit of buying up here Uh, I'm looking now for sellers here Right and for them to trade it back down to maybe, uh, 98 and a half Uh, or if they can really start to pick it up then We'd look for maybe uh 97 or maybe all the way back down to here 90 96 Let's let's call it or this liquidity down here All right, just based by understanding the transactions Uh, and uh the the kind of structure here of the market And transactions and buyers and sellers in here aggressors Okay, so let's see. I I actually um Zakaria I I reset my um, I believe it's reset here. Yeah at 10 30. Okay, so yeah, you're right Let me let me um, let me go to the cumulative volume delta settings in here uh, and uh It's re I didn't I guess I didn't change it after um Yeah, there you go. Okay, so we could also Uh put a a session uh in here for it to reset Uh at 9 30 and I know that uh, it's wrong here, but uh There we go. Now it's doing it correctly. Okay, so from session start. Yeah, you're right. The delta is negative Okay, so I'm sorry about that. I had it reset at at 10 30 instead of 9 30 And that was from daylight savings time Okay, so guys here. Here's our our scenario like we we saw the uh Not too much trading up here. Some selling starting to come in We're looking for the move to 98 Uh possibly 97, but really it was this area here that we liked was 96 Okay, beautiful move down to 96 more questions. Um, and then how to okay, so delta well, we can get to delta in here and Bring bring that into the picture It's really all of this heavy selling down here and then some in here that really changed the delta Okay, so uh let me um Let me answer some of these questions on the delta because delta is so important and uh You know like the strength of this move in here There's a lot of selling look at the bars. Look at the size of the dots and the consistency in the in the in the selling here That's that's good. That's what we want to see heavy selling continuously move price back down Now look at the delta here. This is a low back a low Volume pullback into this area here If you are a delta trader And especially like human of volume delta. This is an opportunity to sell here Okay, and then look for uh a move back down uh to uh bottom of the range Okay, or then or the volume cluster may be here Right or where these buyers came in initially here if you want to reduce some risk just to reduce some risk Okay, your stop could already be a break even on this And so there's a question in here and I'm not really sure like for trade management purposes uh How to consider your um Uh Your your entry in some of these Because typically on a strong move like this and you get a nice pullback like this as well There's it price doesn't hang around up here for very long so If you look for now sellers to come in in this little micro structure, which they do Okay, we see buyers here Some back and forth little selling Exhaustion here looking for sellers here. This is where you'd be getting in somewhere at here. Maybe 98 or 98 and a quarter looking for them to take it down To the bottom of here. Maybe on your smaller time frame. Uh, that would be uh You know your move, right? Uh, now I don't know. I mean like uh, yeah, you you you would be a little more sure If you got in here Okay, because you see the selling starting to kind of uh as like j-trader says curl in here A lot of times though With a move like this You know very few contracts trade up here. You can really have reduced risk if you get in here Uh, it's up to you go you'd have to go back and and do your back testing on that So do you place a limit? Uh, a limit sell up here? Uh, hope hopefully you get filled in here and then try to reduce some risk down here like we said earlier All right, that's up to you. But like uh, the reason that you may consider something like that uh is uh in your trading plan is because There it doesn't you get these little quick pullbacks like this. You do not get a structure up here a lot of times Uh, it just that's it it exhausts out and it pulls right back down immediately Okay, and and continue and you get trend continuation So that's something to consider something to look into No matter what you do You you accept risk there has to be risk in here no matter what so for example here on this pullback um Your your risk is reduced up here. However Uh, what if this there's just a little bit of selling right here And then you get your big, uh red dots coming in All right, I mean big green dots coming in and then this becomes your pivot point your trapped volume and you are covering immediately Okay, so that's the risk All right or your risk is uh, uh, it pulls back like this you get in here Okay, and uh, maybe uh, I don't know. Maybe it just comes comes back down here a little bit and then it comes back up and makes another high And then maybe and then maybe it continues on up All right, so there's your risk on that one All right, or maybe it retests back up here Uh 99 All right, so you know now you've got a your stop risk is bigger Hey, but your your confirmation is more It's up to you. You can see it already did pull back here Okay, uh, and maybe shook out some some traders in here So anyway, uh, but what we want to recognize Um is this pretty strong move in this small time frame this pretty strong move here of consistent selling Okay, and we were looking for that move Well, we didn't know that was going to unfold, but if it did We talked about bottom of the range here And we talked about maybe some off here or some off here as well Okay, 98 97 and and then 96 down here Okay, now we see more selling again and again that we saw this move earlier You know, it looks pretty good for more sellers to trade lower And well, let's take a look though. Okay, because we got that one wrong And now we do see a little bit of support in here Uh in the order book, uh, we do see some buying coming in here And that's enough buying to probably get back up to 90 maybe 98 Maybe up to maybe up to the top of the range here Oh, thanks, Joe. Great to hear You've uh Yeah, I heard some good things about book map and it's great to see it live. Yeah, that's why we hold these events Uh is is put it to the test Uh, and and that's why at that learning in that learning center. Uh, I was showing you We our education is based off of uh the market mechanics course here So watch part one at least it is like I said, it's older, but it's evergreen content. So it still holds true And uh, and then and then we put it to the test here in the live events And it's it's only going to get better guys as we're moving forward here. Uh, you know, we've got the A lot of other ideas to tackle here in the near future Um about risk management, etc. Uh, but the um Also from the, um Learning center here if you scroll down, you'll see that we have events all day long with all sorts of traders So for example today, we had crypto trading with rain at 8 30 to 9 30 pirate traders They just started streaming. It was it's charles. He's excellent. Um recommend it go Watch his video. It's all it's recorded. It's on youtube now. Uh, he's a volume profile trader. Uh, and You know, give give a very good overview for the day And then he looks at book map. Um The same way we were looking at it earlier around those events Or around his levels, uh, then so then all markets here With me, uh, right after that Today, we actually have two. Uh, Paco Is um, uh trading brazilian markets and streaming. This is on our discord channel. Uh, and then, uh, another volume profile trader Tom b in the trader lab. Uh, go to this. Uh, you're going to learn a lot About volume profile and and understanding order flow around those levels options with dug Excellent stuff Going over, uh, his proprietary way of trading options And then lastly, uh for the day here, you can see the algo boys. It's only on discord Excellent stuff looking at very specific levels in algos, uh in in book map. Uh, it's going to be different tomorrow. Uh, we have, uh, if you're if you speak german, oliver, uh Sparring is at nine a.m. To 10 a.m. These are all east coast times Uh, then we have crypto with john at one o'clock We have, you know, me tom b crypto with john options with dug and then algoboys again Right, so just we just have a lot of stuff going on. Uh, so just wanted to Make you aware from that learning center Okay, so good good, um, uh insights there zikari on that. Um on the delta Right that played out pretty nicely Uh, play around with that zikari like, um, you know, you've got your delta, uh, but uh, you know Look for now what you're looking for though is high liquidity up here transacting Hey, the buyer is trading into it. Uh, you can look here at your divergences up in these areas in here You know, it's going to be divergent, uh, if uh, if they're going to absorb it and stay in the order book here Okay, you can see the delta is still positive in here Right, so, um, but what you're looking for is uh One one of the other scenario where there's divergence of uh, if it's being absorbed up here This is spiking but then you're looking for Um, a lot less delta in here on the buy on the buy side Okay, a lower a lower high here, but a higher high here in price Or the opposite, uh, you know divergence, uh, you would get, um, um Uh, you know price, um Not making a higher, um higher high, but uh Uh, it's it's actually lower but delta spiking Okay, that that would be You know, obviously that would be absorption Okay, we covered absorption a lot, uh last uh last week Wow, this is turning into a really nice move Uh, we were just looking for Our move and I've been blabbing here. I'm sorry guys like uh, we're kind of I'm kind of missing the the the move and I'm trying to answer all your guys questions here. Uh, I can't stand it when that happens. Um Yeah, so we're back to our 85 level here, right our higher time frame is uh looking pretty good for we're into these wicks down here in the 15 minute chart I still like to see it go down to 85 Uh, it just went below these wicks though here. Let's just take a look for the day. Um And can I Reset this chart I'm just not good with these charts here. Um Yeah, I thought we saw it spike into it. Um But yeah, it's still got a little ways to go here actually so 87 and then 85 is where our liquidity is So yeah, it traded down to 87 Uh, is it possible to get cvd in exponential mode? Well, let's go to the resource. Um, uh, the settings here. Um No No, uh, however, there's you might want to play around with some really great features in here, uh, that uh You know, you can have multiple cvds in here So for example right now we're looking at just cvd. It's just pure by minus cell. That's it Very very simple and blunt. You can make another one. You click on the plus tab here Uh, we can we can call it, uh, you know Larger players or larger Um orders Okay, and let's create it and it has different colors in here Great. There it is. Uh, so now what we're going to do though is now you can see you can click on the old one here Or the new one here With the blue lined underneath it and we're going to minimize the um number of uh The volume that is traded there the size. So we're looking for the size to be let's say Seven or greater. Let's say 10, right? We know that's going to be a larger player Uh, and uh, yeah, here we go. So you can see actually the larger player here's cvd still dropping here Uh in the delta, but if it's 10 or greater, it's actually we're seeing like it it being positive here So there's a divergence between two different cvds here Okay, so we've we've recognized that in here, uh that a larger player, uh is um Uh Larger players here, uh with that 10 or greater are getting filled in these areas All right, so if that's the case and you want to go with that reading here, uh, then we'd be looking for the scenario With your delta up here looking for buyers to take it up to here and then back into this liquidity Back to uh 92 and a quarter 93 Hey, maybe 95 Right, and yeah, it looks good to me. Uh, I like that scenario here And this is where like you have to have your trading plan, but like you can take these as trades I'm not recommending the trade here But I want to recommend that you take a look at this here Okay, if you like this idea with cvd, for example, so that played out pretty nicely Okay, here's why Uh, here's why I like it and it would be something to initiate a study Here's why We have cvd dropping and look at the divergence in cvd here Okay, we're we here's our low here and here's our low here. Okay. It's a higher low Well, not in cvd Okay, it's a lower low here in cvd is beautiful divergence here However We've got also divergence of larger, uh contracts here Uh larger volume trading here 10 or greater Hey, so You know these guys are they're they're getting involved in the in the market Uh, so what now we've got uh smaller Players or all players I should say uh that are You know they're maybe maybe trapped in here Uh, and we can look for a move back up into some of these levels here Okay, there's still more buying in here. So is this still an opportunity? All right. Well, let's take a look at the order flow around that idea And it would be something like this Okay, where's the support? All right, so do we see them in the bid on the bid here? Well, they're up a little bit higher here Okay at 88 and a half um I do not see any support here this trend line that we just uh drew in Uh, I do not see any buyers in here yet. Okay, but we can look at a scenario. What if we get buyers up here At the top of this range. Yeah, I would look for them to carry it back on up to here or maybe here Okay, and you can see you can see what's happening. We didn't get that scenario Okay, so the sellers came right back in and moved it down to 88 and a half Okay, now we can still look at the same scenario though. Does this accept or reject here? Okay, our larger cvd is still showing, uh, you know, uh, it's positive. There's positive delta here Okay, same same idea same concept up here at 90 90 and a quarter. Let's call it Uh, if we get our our our green dots or our buyers up in here likely it'll lift into 92 or 93 Okay, but we have to wait for that scenario. We have to wait and and let the buyers tell us this All right, so as we wait, let me take a look at some other questions in here Uh, good question on does ninja? Offer the cross trading. Yeah, I believe so Uh toka bokeh reach out to support on that one I believe so should if you use book map, uh, uh If not what you could do, I believe it does, uh, if if it doesn't though what you could do is um, ask your rhythmic or I mean, um, your broker, uh, which is probably, um, ninja brokerage, right Uh, if it is ninja brokerage, you can ask them for another, uh, data feed You'll you'll pay for it. It'll be like 10 bucks or something. It's it's not for an extra feed. I don't think it's much Uh, and then you can connect book map directly to that extra data feed. That's a possibility Yeah, yeah, uh, gabe. We do have, uh, bots, uh, we have actually a few bots that come with book map global plus version um, but uh, yeah, and you can not only um Do we have we only have a few but others? The api is open. You you can write your own. In fact, it's open now also for python So, uh, there's more information on that From book map.com and the knowledge base Yeah, so the the cvd here like look we we didn't put the risk on because we were waiting for the market to tell us something on that And it didn't it didn't pan out There's still a lot of divergence in here tons Tons, uh between these two cvds so, you know, it's still just uh in this Uh scenario with you know, 10 lots are greater Boy, it's got to tell you something. Uh, so I would look for a lot of, uh absorption on the bid Okay, and then and then just it's just a matter of time then for those aggressors to come in and and start moving this Right, so and here they come it looks like they're going to come now We can look for 88 and a half Uh, and then our our previous levels here are 90 All right, so and we can take a look at this This is our 85 level in here that we were looking at earlier, right on our higher time frame We're looking at eight. We Are 85 in in here Hold on. Let me go back to one week Yeah, so we were looking at this kind of area in here And it's hitting it. Okay, so that was our area for uh potential support Um, and you know, we didn't get duped in this move to the upside here either We were looking for the move in the 4200 And uh, we got it, right? Yeah And just a little bit above it here Never never went higher though Okay Yeah, look look at the the cvd divergence yet again in here We did see a little bit of liquidity filled in here I don't know I don't know. We're we're not really seeing too much in here. Sellers are still remain in control in control But this this could be it we hit our hit our 85 or pretty close to our 85 level Maybe it needs to trade into all of this down here Uh, and then uh before we get our move Uh, the trading statistics add on I don't have it in here yet rob So, uh, I'll have to demo that another time Yeah, we just released it And uh Yeah, I have not uh not played around with it yet All right guys your european close coming up, uh and Kind of holiday in europe, um, so Not sure what uh what we might get Come on buyers. We're I'm really looking for them now. I mean look at their The cvd in here. I'm not much of a cvd trader. I I've been duped many times by it. So I Try to kind of look for it in the order flow But when it does present and it looks great Boy, it can it can be really nice Uh, but I do like kind of looking at these different features of You know different sizes in here, uh and filtering it with the with the volume Hey, because we're seeing some nice divergence in here In fact, you if you want to look at the smaller players you can come back in here and we can create a new one. Um, and uh Just uh look for uh We can uh This one here I can Yeah, this is what I'll do. Okay. So smaller one here maximum I'll make the maximum 10 Or let's say nine Okay, and let's go back here down here and uh Uh, I can get rid of the regular cvd. I don't have to show it here. So now I can really look at Larger players versus smaller players, right? Smaller players, you know or smaller size trading uh continues to bring the market down Larger uh traders the the delta is positive Thanks, michael. Yeah, european holiday. Yeah, it's mayday All right. Well, anyway, if this is something that that you like then, you know You really need to be told in here by the buyers that they're they're gonna take it You look for exhaustion here. You look for they are bidding up here. This is good And now we're looking for our buyers up here and then we're looking for a continuation up in these areas here algos Play at one contrast or contract. Um contract Well, they it doesn't matter they can play with whatever But the vast majority of the transactions in here are one contract jb In fact, I can show you that with the trader map pro product It's pretty amazing. Uh, let me let me show you This is more kind of it has a use this feature Um in this display of the market but Let me let me show it here Distribution of orders by size here Okay, we showed it last week and you hit play button. Uh, here it is You can see how many transactions in the s and p e many In the order book here, here's one contract You know, we see that uh in the order book in the trade, you know, the the heat map In the and the current order book. There's 3 000 with one contract That uh wants to um to sell uh, and then there's uh about 3500 that want to buy Okay, and uh, if you want you can scroll You can you can see like and this is how you can set your trader map pro filtering if you want That's what this was designed for Uh come up here was wow 15. Okay. Where's our 10? Well, there's not a whole lot that are offering 10 here There's more offering 15 quite a bit more three times as many Okay, well, what about 20? Well 30, uh, you know, it's not much Okay, so anyway, it's kind of interesting to see this Uh, so if anyone says like, oh no the larger player Or the algos or most most traders are are trading, uh, five lots, you know, it's just bs It's right here in front of us. This is these are the facts And they don't they don't have much that are 15 though Okay, they have a few that are nine eight That's kind of odd Five five is the best right Five's pretty good So anyway, there you go And we're kind of in the middle of nowhere here Still waiting to see if those buyers come in because of the cvd Well depends jb Are these market making algos? Are they statistical arbitrage, you know, is it traders, you know using tt? Co-located next to the exchange with their own algos that they've written in adl It really depends Or is it larger players who have designed their own and implemented their own algos on on their own? Through their own fruition Okay, so it's um It's it's it's not an easy question to answer Uh, yeah, okay last question here. Um near asani Could it please explain the why price is near a major when price is near major liquidity that goes near the price Which doesn't fill it. Yeah, there's a lot of people front running There's also maybe there's no demand to to hit into that high liquidity. Maybe it just dries up it exhausts out and It's it's pretty pretty typical. You'll see it a lot And yeah, everyone knows that there's you know a lot of liquidity down here. Uh, it's just typically around, you know Uh big big figure numbers round numbers And uh, yeah, like here it never traded into 85 which we were looking for And now we're looking for our buyers here due to our cvd Uh, and as our divergence between larger and smaller and looking for them to try to pull it up into 91 92 93, uh, that was the logic behind these types of price actions where algos played roles Yeah, it's hard to say. Uh You know, there's also a lot of game. I mean just tremendous amount of gaming around those levels This is how the market is, uh, so A lot of times book map we can show the it's a very general question. So it's hard to answer But a lot of times we can see the individual actor or algo In book map And you can see their behavior like, you know adding and pulling liquidity at this price level Now did this trader ever transact? Yeah, very very little Okay, he came in here swooped underneath the the best bid here provided pretty high liquidity in the book here um, you know at one point it was 222 contracts here and got filled, um With two lots Okay, and pulled the majority of it. So what we can answer is a question in here. Did this trader really want to trade and the answer is no Uh, who knows what their game is, but um, uh, maybe they're trying to Uh skew the order book. I mean they definitely didn't want to get filled. I mean, uh, very little they put it at risk Uh, and they did not get filled and then they pulled it here All right, some of it got filled All right, so we got up to 91 Uh, still still looking to see if we can get up to 93 in the swing up here in this liquidity here guys I'll leave it at that. Uh, I didn't really go over price structure too much We went over a cvd just to recap so you guys can we're going to retitle the the webinar Uh, we covered cvd and divergences with the settings in cvd. Uh, we Uh, boy, I forget what we kind of covered now. Um, a lot of different things we covered stops. Uh, we covered icebergs How do I identify them or what it is? Uh, the, um Trading up into high liquidity and exhaustion and then looking for those sellers to come back in on the other side and move price back down Or the when we started off looking for the move back up into 4200 Okay, and then looking for that potential reversal in some of these areas when it exhausts out can't go any further And we see some sellers come in to look look for it to drop back down Uh, yeah, and then we talked about, um Pullback trades as well uh, some a nice beautiful one. I think it was here And uh, you know sellers are really moving it, but uh, we nice nice pull back in here And we know there was some some divergence in there on cvd Funny enough, they're they're the bigger cvd was was was buying and they continued to so Anyway, good stuff. Thanks guys. Thanks for coming. Uh, if uh, if you like this, please hit the like button This really helps us a lot. Uh, and we will continue on tomorrow. Okay Yeah, thanks guys. We'll see you then