 All right, good morning traders and welcome to the book map all markets webinar here We're going to go through the live order flow analysis forward-looking book map and Not hindsight so that we can read the order flow What is the order flow and the behavior of the traders in the auction? What are they telling us and where do we think the market might be going? We're gonna go through this on smaller and higher time frame So it mostly smaller time frames so we can get many instances of this under our belt So we can become better traders All right, let's go through the disclosures and we'll jump right into the market in just a second General disclosure 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 a central risk of loss and is not suitable for all Investors past performance is not necessarily indicative of future results. All right Let's jump in. Let's take a look at these markets here some interesting order flow right off the bat here so We also have bigger picture to take a look at since it's Monday and see what's going on and what our expectations I think we had a great week last week from the very beginning on through so In our expectations in higher time frame order flow now, here's the dilemma that we're facing today Here's 830 we can see the sellers coming in dominating the pre pre market And then here's our 930 cash open. We see buyers come in immediately But then we sell off Now look at the selling in here Look at the the volume dots in here. Okay compare it to all of this over here There's a lot more selling here. There's not a lot of selling in here. Look at the bars as well Okay, these are Delta bars. So we're looking at volume Delta much like your footprint chart You're looking at Delta by minus cell and understanding sellers are dominating now if you want that that insight You can click on the volume bar right click on it and go to volume bar setting here And you can look at volume Delta here by minus cell you can look at total volume if you like as well but There and you can see a big difference here, right? Selling is always on the bottom and buying is always on the top. So it's the it's the combination here of the two But looking at the Delta we have a very different Understanding lots of selling over here relative volume compared to over in these areas here This is how Delta can help you as well So we know that there's not a whole lot of selling in here You know, there's a lot of buying in here We know that there's also buying not just aggressor Volume market buy orders. We also know that there is a lot of limit orders in here and they're getting filled Hey, so Right in this area here and then especially in here. Okay, we have nice little stop run into high liquidity beautiful stuff to see here, so That kind of like it makes things a little bit more challenging to read here Because I'm gonna jump to the bigger picture, but I was looking in here Due to all this buying for this move here, right just here at the open and maybe not only back up to kind of Here would almost made it back up to the bottom of this range here I was thinking more, you know back into the range up here Okay, we just had that move not too long ago up up to the this kind of 4415 level and now now we're starting to sell off a bit. All right, so Why the the confusion here is like well, there's a lot of buying in here But the bigger picture though if we look at that the daily the hourly and then the 15-minute chart here the especially the 15-minute chart is There's a gap down. Hey, this is from, you know, mostly that 830 move back down and East coast time and then we we're looking for the sellers to come in and I'm looking for them to test the Swings down here because there's a lot of selling momentum here Yet we're running into buyers down here now. It makes sense that we're running into some down here because You know this in the order flow. This is where the buyers came in On Friday and move this market higher. Hey, we see This whole move up in here strong momentum behind it Pull back and then strong move in continuation here. So What we're getting is, you know, either some profit taking down here as well as Maybe some buyers buying down in here. Okay, which we know are also like, you know, there's buyers in here Right. So it kind of convolutes what we're looking at in here You know, we should get that continuation move to the downside But I'm not seeing it in the volume Okay, uh, nor in the order flow. In fact, I'm seeing more buyers. Okay, so I'm looking I'm waiting I'm watching for this order flow to either shift to the buy side or We just might get a massive amount of sellers and then we might Or a lack of buying up in some of these areas and then the sellers come in and move this back down lower Okay, so we're looking for that insight right now And what are some of the takeaways that we can see right now? Well here. Here's a big seller right in here Right and we also see it's a bit of a stop run, too But we've seen this move so many times now. Where are they selling? Right in here, and we're just coming back up to retest it now Okay, well, it's it's a zone. Maybe up in like it's kind of 12 to 13 and a half level Okay, so now We're going to assume That this guy is still in here selling Moving this market lower Okay, we're going to look for that behavior. Now. That's just one scenario though Okay, uh, we might get buyers back up above it As well Up in here big green dots that are able to lift the market higher Okay, so what we're looking for these different scenarios in here and what starts to play out Okay, uh, so um, I don't see that seller come in yet But uh, let's see. We got a skew in the order book right here at 13 right now Let's see it then sellers. Let's see if that that seller is going to hit the bid hard right down into about 10 no I'm not seeing that scenario are we getting our big big buyers up in here Yeah, starting to we see the order book also supporting us So all right buyers, let's see then you lift it back up to the swings up into here up to 15 Okay, 14 and a half 15 Okay, it was based off of right in here this this order flow right here Uh, this 13 level and this high liquidity in here. Uh, that gave us some some insight Okay, so buyers still lifting there. There we go still lifting still looking for these buyers That's going to be a bit of a stop run Uh, and let's see if we can get the buyers to continue here now All right, so we've just come up to here Uh, and uh now We're looking for follow through now Okay, uh, we're at the top of this range, but I'm looking for these buyers to try to Lift it away from all of this All of this transaction Transactions in this area here And the can they Well, not nope clearly. No look at our retest back up here No buying up here Okay, so we're back in the middle of the range and looking for to come right back down Uh, maybe back down to the bottom of the range in here at 11 Okay, so this is a kind of a Move back up to the high and then a false breakout Here's our retest here And we can't get those buyers back in All right, so we're getting our answer Okay, we're already back down to 10 Okay, and now we're starting to see a bit of a pickup in here as well Um in these transactions here similar to this over here All right. Well, anyway, let me let me take a step back as well Um, we've got to look at the the bigger picture in the week here um But I also want to point to uh, some of the webinars we had last week Uh about momentum Okay, because uh, we went through it in in detail, uh on Um momentum trades, uh understanding the strong move, uh, and uh, uh leaning on that as a Controller of the market Okay, now what do we have in here for a strong move? We don't we don't Okay, we have with this one over here that still holds because it's just being tested as you can see Uh, we just tested it up here and we couldn't get back up above it All right, so um, but what about in here? Do we see any strong moves here? Here's a strong move right strong volume But absorbed down here and then we see some pretty strong buying coming right back in Okay, again strong selling coming right back in so it we're not we're not seeing someone in control here Of the market. There's buyers and sellers in here moving this back and forth all right, so uh This rejected up here. We did not get the buyers. We're looking for to take this higher uh, so Sellers that come have come back in traded it back down to the mean Not only the mean but uh looking for the move to the other side of the range here So what we came back down to 10 Uh, let's see if they can take it a bit further here Back down to about nine. Okay. This this swing down here All right, so very choppy uh at the moment All right, let's go back and take a look at our bigger picture here since it's monday We want this bigger picture approach Uh, and we'll start with the daily uh over here and uh See Hi everything okay over in discord hold on a minute guys Yeah, okay Good Okay, so, uh, what do we have here now? This was uh Uh, just some beautiful stuff. I I feel um that we had both uh f o m c and non farm Uh in the same week Not last week, but the week before that And look at this continuation move here beautiful stuff Uh, we are looking for a move back up to here and then we'd see If if we continue or not. Well, we got an answer very clearly on that on the daily And then end of the week. We're looking for a move back up into here We're looking at at or ad r for your average daily move in here and um The webinar was kind of uh, uh, we're somewhere around in here So we're looking for maybe a bit higher move, but we already noted that we've already moved a lot. So we're not Uh, necessarily looking for a continuation move that day Uh, then it was rather rather choppy All week and then we saw this beautiful continuation move on On friday, right? And we were looking for it to go higher and test some of these areas up in here and and we did Okay, now the question is is this going to be still a continuation move on the daily chart Okay, because you can look at it here and you can see a flag pattern in it already A really strong move it accepted higher all week long And it ended the week with a strong move to the upside. So now we're looking for Uh more buyers to try to take this higher back up into maybe this area here Getting let me add a few more bars in here So we're looking for a maybe a move back up into like, you know, 44 60 or even even higher 4500 basically somewhere up in here All right, where a drop from uh these wicks up in here All right, so uh, so we get this our strong move our consolidation And pull back and then another strong move On up that's what we're looking for on this daily chart And on the hourly same same idea in here You can see all that back and forth here this beautiful island gap and continuation here And then today's just been us, you know Basically a shallow pullback already On the hourly just to top of the range here Around this 44 kind of where we are right now at 09 or so You know at 10 And then on the 15 minute chart. Well, we have our gap down So now we're going to look for uh, see if we we can see already a few wicks in here Uh, we really want to see buyers up here around this 15 level on this 15 minute chart Okay, so here we go. We're going to look for them Up in this area here and see if we can get the continuation not only to The high swing here for the cash session at at 19 but continuation All right, so uh, and we've got plenty of room here Our our atr here, uh, is uh, there's there's plenty of room in the candle All right, if as long as we can get those buyers in here Now the the funny thing is is like we're trying to read it in here the sell-off, uh, and then Uh, reading and understanding the order flow getting filled in here On the bid And then trying to read who's in who's in control of this market here And we're we're not really seeing that as we mentioned there's buyers and sellers just back and forth and okay, so, uh We're not there yet. We don't we don't have insight yet to the move Okay Now we can we can zoom in and look at smaller time frame stuff But that's the bigger picture of what we see so far Okay, so let me know if you have any questions on that No, we're good Okay all right So, uh, yeah, let's take a look here, uh, and we'll just look at some of the smaller chop in here Uh, and then try to try to understand the order flow and transactions um Well, we've got it right here in front of us. Here's a consolidation period here Here's a strong move away from it Okay, and here's our back and forth Okay, so now we're looking at a different a scenario in here based off of the flag pattern that we're looking at Okay, so a few things first off Well, it's already kind of breaking it here We might get a bounce off of off of this top of this little range in here and get some buyers to come right back up to 13 and a half But it's our flag patterns are just been broken basically This is just too far of a pullback All right, we're looking for a strong move slight low volume pullback and then continuation All right, we even showed this tool that developers came up with last week. This is just great um And we'll have more uh to add to it here soon Is the book map checklist Okay, what to look for in here? and Identifying trap traders. This is for the flag pattern guys and this is for the Let me show you here the not only the flag pattern but for the book map learning center That's what it where it relates to here. So let's go to bookmap.com Okay, and then go to the more button here and then go to learning center here And strategies and setups here. Click on this is a new course We have a few videos in here based on the flag pattern And you you'll need to sequentially go through them And this is just about continuation patterns in very very high level just in general Then we have what the flag pattern? In a diagram form what it looks like then in book map and then how to execute it with a checklist here Okay, this checklist here relates to this checklist here Okay, you can even import your own And I look for some very specific things Okay, so Yeah All right, so anyway, that's the Using this tool for looking for uh your your your checklist that meets your criteria And why didn't it meet our criteria here right off the bat? Well We have if this is our strong move in here and it's not that strong But we're looking for pullback and then continuation, right? We have some trap traders down in here We have some sellers in here That will be trapped as this pulls away Okay, so that's not bad And then we're looking for Who's gonna who's gonna take this market right develop the scenarios in here? um Anyway, the uh, the move here is steep here. There's not a whole lot of volume on it Uh And that's not so good Then we're looking for potential measured move up into high liquidity. We don't have them. We don't have high liquidity up here Okay, so that's not good either Uh, and we can grade these along the way here So, uh, you know, how does this trap volume look like as well? It doesn't look all that great Okay, uh, there's some selling in here So maybe a six Steep large move the steepness is good Hey, the move is pretty good relative volume is Okay, so maybe we give that like a seven Uh, six or seven somewhere around in there. It's really not that good Um The measured move in high liquidity. We don't have that. Okay, so we can even give that like a zero Uh, minor pullback Hey, that's what we're looking for in here in a minor pullback and we did not have that Okay, so this is broken at this point Okay, so the pattern is done uh Using this simple checklist and starting to Look at many of them and grade them will give you insight Is do you want to put your money on something like this? Okay, this is why we put this um checklist uh together so that you can use this to your advantage in here all right, so Yeah, we can continue on and again and again. You can also Import your own. Uh, we talked with uh at length on friday looking at momentum moves and was it Impulse move okay And this was for rob. Hey just understanding one simple thing an impulse move. That's it Right and look how you can break this down into its bits and pieces in here The idea behind it is if you can understand the impulse move Uh, then you can you can start to look for minor pullbacks and then these these continuation moves. So For example right now Okay, uh, let's take a look at this. Well, it already did kind of a flag pattern in here Uh, a mini one right in here. Okay, except the pullback was pretty Deep as well All right, so let's look for an impulse move uh to unfold here Hey, what are we looking for? Um Well, let's see if we we're getting are getting some volume up here. That's good Hey, our book on the on the bit is looking pretty good, too Hey, and they're pulling here on the offer All right, so now this would be a breakout That we'd be looking for then Hey, so, uh It looks pretty good. Actually. I'm looking for our buyers finally up here at 15 and a half Okay, that would be the the deciding factor up here Right and uh, it really has to look good Uh, and we're not getting that right now. We see 15 and a half has high liquidity that just popped into the order book And we're starting to find sellers Right, so we'll stay away from this until we see something different Okay, so now there's some support here at 14 Okay, again, we need to see that big green dot and we don't want to see what we're seeing here right now Okay, so this idea is just it and until we see the large line, you know, it's hands off here Uh, this is low probability Or impulse move to unfold All right, so Let's see if we can get the opposite This would be trapped volume up here And then we'd look for potential sellers here exhaustion up here This area and we can get the sellers to hit the bid back down in the middle of the range All right sellers. Let's see you drop it Uh, 12 and 10 here. We got some a nice nice trap set We're just looking for sellers now to try to drop it down into 12 Uh, and then maybe lower Okay, we have a bit of selling here It's not a whole lot Yeah, I don't like I don't like the sell side either Till we see like this is just not not quite enough in here. They they had it. They had these buyers trapped Uh, but buyers came right back in now So now these guys are still in in the game here All these buyers here. So we have a skew with the buy side Yeah, all right buyers then then it's your chance here right up to this 17 and quarter 18 or even 20 up here Yeah, and high that would be high of the cash session All right. Yeah, I like it. I like it. I'm seeing that strength here uh, and uh Looking for a continuation All right buyers, you got it. We got the book on our side here as well All right. Well, one of the things that we're looking for in the in these kinds of moves in here Uh, that's really important is it's really the crux of it here Is to lean on all of these traders Okay, that they're telling us the direction Uh, and we thought well, maybe we have it here with the seller and the trap and then we saw Now they're coming right back in the buyers here and then we're starting to see it pick up in here And we're starting to break out Okay, so we're leaning on now not only These guys in here these buyers in here. We're leaning on them here as well And now we see that some selling coming in right now Can they move that market? Again looking for buyers right up here above all of that selling right in here Yep, here we go buyers. You've got these guys. You've got all of these guys in here trapped Still in control of the market. So we're going with that move To the upside now again, this is not a trade recommendation. We're just reading the auction Okay, and we're looking for a direction Based off of the behavior within this auction process And alexandra, I mean this is where it comes down to It is something that you you need to go back and and Go through a a process for back testing this and and seeing do you have an edge? Okay, how good is that edge again like this? Um Should help here By grading this this setup by looking for Certain things it'll kind of you'll filter for you like can you can you lean on this? How good is it? Uh, you know that that that'll really really help right, so Now this is for a understanding an impulse move in here A at the angle the large Price move etc strong relative volume. So we're looking at kind of bits and pieces of that in here But you can make your own and import it like I said What exactly is that you're looking for? And we're looking for this continuation Right now to the upside Okay, and we are leaning on the behavior in here Okay, and also trap sellers here now. We're looking for those guys to get squeezed right now Uh, and then have the move up into 19 and 20 Okay, we see more sellers coming in I'm still looking for buyers to get back up above it though All right, let me get back to your questions here. Um Oh, yeah, we're looking at the the the reaction to that large liquidity. Um, you said 600 contracts um, yeah During the european session. We're we're looking at that large liquidity all the time Uh, and understanding the context In here that that's really the key is like what do How do traders react to that liquidity? I mean look at this this this selling in here is going to be upended We got more buyers back up here. This is it's a it's a beautiful setup for a short squeeze We know that there there's sellers here Okay, and in here Uh, now the question is do we get enough buying up here to squeeze them? Uh, that's where we look at the order book Okay, and what do we have in the order book? Well, they're bidding up in here But that's kind of low right here. We want to see them bid up a little bit higher Uh, we kind of saw that earlier them bidding up underneath in here Right, so we were looking for that that move higher uh, and We're we're looking for them to bid up under here as well And we're looking for maybe these guys to pull a bit here On the on the offer And then we'd have a really nice scenario For the the continuation move here All right, so suppose for example, let's just go through a scenario What if we have like really highly clear 600 contracts pulled is put into the order book here as 16 and a quarter okay And then what if we find sellers that want to trade into it and they do It's like, okay. Well, we found the buyers and sellers meet here At this 16 and a quarter However, what happens after that we know we found some sellers But are the sellers able to continue the move lower? If they are that tells us something Right We're looking for that selling now to try to move that market away from this area in here Uh, and then down to a lower level Right, so we were looking for buyers up in here Okay, because we know that they've got You know the the control here now it it's just the large buying in these areas in here Okay, well, are we getting them where we want them? Up in here starting to exhaust out Okay, so Uh, it looks like this move and and unless we find a lot of buying that comes in now at the bottom of this range in here Um, you know, this this looks like The beginning of even a potential reversal Okay, I'm still fighting for these buyers Uh, and uh, because we know that uh, we have not come back down below these areas in here They're still kind of moving that market And it looks like the sellers want to test them Okay, so it's about the context that really matters It's always changing and evolving in here. Let me just clear some of these lines Yeah, okay. Well, let's look at the look at the bars down here Right And here here come our buyers now they're Again, we're looking to see if we we need to get buyers up here for that for this move up into 20 19 or 20 here Starting to pull it's pretty fickle There's a little bit on the bid here So yeah, see how the bid is it, you know, they're not chasing up after Not yet at least So that it's all dark in here. So the liquidity is down here at 15 Well, then it's pretty easy for sellers to move it back down here Okay, even though we're looking for the continuation move here And that that's why we want to see them bid up underneath And the reaction to that bid is more more aggressive buying How do you recognize spoofs? Yeah, sure How do you interpret them? Well, um, a spoof again is like, um something that Like really high liquidity in the order book. It has no intention to trade whatsoever They're basically trying to skew the auction show really high demand or supply Without even transacting Uh and with the goal to Try to move get the market to move based off of that liquidity To fulfill whatever it is they're trying to fulfill right, so You know that here here we got a little bit of action now on the bid Did you guys see that and then we had buyers come in so This could be like a Maybe a potential spoof as well, but it's it's something we can learn from though The reaction to this liquidity was buyers So yes now more than ever i'm looking for this move up into 19 and 20 here Okay, so uh because we know that there's like some kind of buying pressure behind it still Right, so because of this reaction to the liquidity here Okay, now they're not pulling here at 18 So that's not good but We're still looking for the move higher. Okay, so That's where we can learn from this and you can learn from the spoof as well Okay, so We'll see you see it all the time Okay, now sometimes the spoof is really really blatant uh other times You know, we're kind of stretching the idea Okay, we can look at other markets as well and see if we can see a good good example of a spoof The spoofing is illegal. Uh, there's you know, we've seen it for years now how um Some of it may transact And then it's kind of begs the question Um, is it a spoof? So now here's our high liquidity again and a reaction is buyers and they're pulling here Okay, so i'm looking for the buyers to step up And break out into 19 Okay, now is this a really really high probability of working out here? I wouldn't say it is I'm just looking for this direction Right now. We just got our move here and we we get just shy of 19 here and we're right back down Okay, still still looking for the continuation though the buyers are still moving this market All right, so again like this is not a trading room We are going to read the order flow though and look for the potential moves here Okay, we also know this is a stop run in here Which makes good sense Okay, another stop run beautiful move Uh, almost a 20 now 19 transacted Okay Let's let's take a take a step back now. This is high of the day here for the cash session All right, so let's take a look at our bigger picture here if we're going to see continuation or not This is I mean everything has to shift and change here Look at look at the move on up here Uh, as we've seen uh during this webinar, it's been Kind of muted. It hasn't been these big quick moves, right? Uh, it's been You know, there's kind of one in here But then a lot of back and forth and back and forth potential reversal as well But we still know that there's still the buyers in here Okay, so they're still moving it And then looking for another potential trap Uh, and then buyers to come in right so now this is this is played out pretty nicely All right, so, uh Anyway, we have now fuel here with this the sellers in here for this this kind of more exponential move here um the uh, so This is where we really need to see the buyers come in and pick it up. Okay, because uh Now they they've got it here. Uh, and the sellers step aside and let's get a gap fill back up into Our 30 level here. Okay, probably the next stop is probably around here. Maybe Structurally like around 24 or so Right, so here this is an impulse move Okay, uh much better much stronger. There's some pullbacks in here True, uh, but uh, we you can see that there's mostly buying in here now sellers just coming in right now Okay, you have ignition now go in here Yeah So this would be this see this I'll go in here as a spoof Uh ignition is also a uh Uh Prohibitive practice The legal practice Something in here skewing the the the bid To maybe try to push uh, or dissuade sellers And show a skew to push Uh price up into high liquidity up on the offer Okay, this is pretty pretty typical And this is a good example pretty pretty decent example. I mean we've seen much much better, but You can see this is um Looks like the goal of that algo now. What's the difference here? Well See not one transaction has taken place here. Maybe maybe maybe it's uh, it's legal here like they start to transact in here a bit right, so Rich this is what we're talking about in terms of spoofing and identifying that um, and uh Now, but how how can it help us? So that's what we really want to understand right, uh, you know seeing these kinds of things in book map is great and Uh, you know interesting stuff, but how can we have this help us? okay, so um The uh skew and the auction in here, uh, well, you know price went up into this high liquidity and then uh um We don't we see that it starts to transact into this level here Okay, and then sellers here are able to take it down Okay, they trade into this liquidity here and through it Okay, so yeah, we'd look for the next stopping area down here at 18 to be honest Yeah, we're already through it All right, so you can really get into the details in here and you can see that uh, this algo in here pushing price up now Why do I think it's ignition algo because I really don't see them getting filled Um, unless you know, maybe he's staying in the book here and and wishes to get filled Okay, but why wouldn't he go one more? Uh, and uh, I try to get filled in this tick here if he's really that desperate to get filled All right, so I'm I'm not sure Um to me it looks like it's trying to push price back up Okay, now if it is the same, uh, algo and then they get filled in here, well then it's not a spoof And it's not a ignition algo Okay, buyers still remain in control though Even with all this selling coming in uh in in the time frame we're looking at from back in here They still remain in control Hey, there's still they're still buying uh, and uh On a very short term Uh area in here, you can see the selling Hey that pretty pretty strong selling that move that market Okay, so in the shorter term and this very very small time frame sellers are in control in this area here They will be out of control if we can get back up above here with with buyers up here Okay, and then we would look for another stop run Uh to the upside All right Well, let's let's go through our checklist in here and and understand the strength of this move in here Because it's pretty good, right? And we noted that now we have the potential Uh for this uh continuation move Right, we really need to see those those buyers in here Uh and uh, uh, we we see it in here But we also see this back and forth in here The sellers come in the sellers come in again in here Okay, so uh that that makes it a lot more convoluted. Uh, we don't want to see that Uh, we're we're not looking for that. We're looking for the sellers to step aside There's another potential spoof right underneath right right here Okay, now it's not a spoof. They just transacted Okay, so it looks like they want to buy here at 2020 and a half And the reaction has been buyers Okay, they're pulling up here All right buyers then move the market to 23 and what we said 24 is another area Looks like 25 is a bit better Uh, can you tell if there's trap buyers at uh At local top of 21 Well Yeah, I mean It could change into that. I mean, we just know that the the buyers are still driving the market here Uh and the sellers on this small timeframe were in control Um, but we also noted if I mean we're not making this stuff up. Here's the evidence Right in front of us large sell dot over here big red dot Okay, so uh Right right there, uh, and then they move the market lower Okay, well, they don't go below swings in here or anything like that Uh, we don't see too many stop runs in here. In fact, it's the opposite. We see a large iceberg get filled here Uh, and then up here Right, this is where we get our answer in here is we're looking we mentioned it right? We're looking for it They will be out of control When we get buyers back up here Okay, so what happened? Well, we got some buyers up in here and then we had high liquidity come in here The reaction to that was buyer. So we're still looking for it to go higher Right. So this is our evidence in here this high liquidity Okay, now we're this this becomes a kind of a critical area based on the order flow Right here at this 20 and a half Okay, so you can see we're sellers just came in and kind of dumped it down into here Uh, now we're looking to see if if they can continue to take it lower Okay, then at that point Anyone who bought up here might be out of control Hey, but you can see the buyer's still still holding this here Okay, now look what's happening Someone didn't like that idea A seller came in and dumped they dumped again Hey, this is changing our momentum And we've seen it so many times and it's exactly this behavior in here Okay, so maybe we come up another time and we look for these sellers to come back in Yeah, those are big big book sweeps. I I agree and do we see a stop run there though? Uh, Alessandro, see see how we can get into the details here. That's why we know That yeah, I mean there's a bit of a stop run here It's not a whole lot We can see it And what about here the next one? Yeah, it's not it's not much at all, right? So therefore this must be a larger seller coming in Either maybe they're exiting Or maybe the end dumping or maybe they are entering we don't know that But we do know that it's not a stop run and this one's not much of a stop run either so We're looking for that behavior to potentially repeat again Yeah, so anyway the And we do see it again right in here Okay, now see how this has changed everything Okay, now we're down to 20 and a half now this seller can show up again And change change the direction here Sweep it into 19 and maybe even 18 down here or 17 and a half Anyway guys, these are the kind of details we can look for to support our ideas And that is very difficult to see here on a candlestick chart Well, it's just it's clearly not there Okay, a lot of selling coming in, you know, they they've got their work cut out though I mean they we still have the the buying that moved this market Right, but this is a lot of selling now And it started right here with this behavior three times one two three And now we're seeing a bit of a drop here Yeah, some of the icebergs did buy in here. That's true Uh not on the drop though And they're they're buying in on this little pullback area in here Let's see a few days ago. You saw cvd negative 45 Well, kind of it was options millionaire is that we actually we had a bit of a conversation or He said did you see all that? A selling on it was a big big selling day And I go, yeah, yeah at what do you make of it? And I was like, well, I don't know CVD was dropping like a rock, but On the other side it just crisscrossed right over the uh icebergs Tons of icebergs buying I was under one of the things in here like, um, yeah, like We're gonna read the order flow regardless In the webinar and like I said the the more examples we can go through the better to understand what might be happening But the So we will go through these other Areas in here and and look for it, but you know when it when it becomes like a kind of higher probability Uh outcome or or you know the things align then we're really looking for it to go Right again, it's not a trading room in here. It's it's it's not Um a trade recommendation or shadow room whatsoever It's about order flow. Okay. Once you can start to understand for example at a much better rate, um something about like Uh a continuation pattern will meant to move whatever and you can see that in the order flow Now you've got something Uh, and uh, you can start to look at it for as a trading plan And uh, put the pieces together And that's why we're here Okay So that you can understand order flow At all sorts of different time frames And then go through scenarios where you think this move might unfold All right, so you might want to you might want to go to a learning center And uh and go through some of the videos for this flag continuation pattern in here Again, it doesn't matter that it's a flag pattern. Uh, what matters is the order flow Uh, so here again is that behavior that larger player They they noted how we got back up above here Then look at this buying up in here And this is where we can see the shift a potential shift Hey because we do have buyers up here and they did make a higher high But this seller is still selling All right, so now When we've come right back down here again So here we go back up into that selling A pullback And looking for sellers again right here at 20 And let's see if we can get a quick move down into like 19 and and and try to break through 19 Uh back down to maybe like 17 and a half here I still muted. No, I shouldn't be muted. I'm audio is good over here Thanks slow down. Yeah, uh, you're curious about seeing days like this. Well, you know, um You can see that The the choppiness, uh, steven is it's in here in the order flow Like it's like, yeah, we're still leaning on that buy side But we're getting deep pullbacks. We're seeing sellers. We're seeing this one player in particular is what it looks like or appears Selling hard up at these areas Okay, so Due to that like, uh, yeah, we have the potential to also reverse and come back down and sellers take control Um, but you know, you can see what it's just been Choppy on the way up Okay When we look at days like, uh, well A couple of weeks ago here. We had the fundamental news Or on last friday We're looking for it to go higher. I mean it was just You know the the buyers coming in Uh, so we're looking for that move to unfold here We don't really we're still leaning on the buyers side a bit, but with not a whole lot of conviction Okay, so and you know, it's played out, uh in in that manner Okay, now you can we can you know get a lot of clues from not just order flow, but also the market structure So for example, uh, we can look at, um You know price channels Okay that uh talk about your your auction process in here They see how it's starting to break now Okay, that this channel here means that basically like there's higher liquidity up in these The areas up in here and not enough buyers and sellers come back in and trade trade it back into the mean uh, and uh We can see that a lot of times look at the order flow shift and change in here Even in this diagonal move Okay, can you see it? And look at look at right up here now we some buyers But we didn't get back up and we didn't get to the top of the channel here And we just made a slightly higher high and then sellers came in Okay, so you can kind of see the shift in this change in in the trend Now look at look at the trend And let's take the heat map off for just a minute. Just look at volume and price structure Hey, we're leaning on the buyers leaning on the buyers. We saw a potential trap in here the the squeeze Uh, and then uh, we see the the move back down, but sellers Now can't we're looking for buyers to get back up above and squeeze again Uh, and they can't seem to move uh back down below where these buyers still remain kind of in control Okay, but there's it's it's back and forth in here, but look at the shift and change now You can see it Okay, so yeah buyers Here and in here like we said, uh in in here, uh and in here All right, but now look at the sellers in here in here Here here here and also now here Okay, it's shifting over Right, so look for these things now. We need to understand. This is really important. You need to understand the other side of the trade And that's where the heat map is is really helpful like right here They got more sellers in here, but they trade right into high liquidity Okay, it's a springboard for the buyers to come back in and I I I hate to use that slow down a springboard because this is your trade. Um, but Anyway the It's a it's a springboard here for the buyers to come in And and try to move it back up Because this is where there is demand Sellers hit them and we're getting buyers back up in here again all right, so it's it's the it's this context between the high liquidity and the Uh, the aggressors we want to understand right, so We're we're seeing that shift in here Okay, yet look at the buyers come back again Okay, and now now That shift is also looking for we're looking like a potential like, uh Break out now to the upside Now I don't like it Because I I see high liquidity here at uh, uh, 23 and a quarter Okay, I do not see the book. Um, really bidding up. I mean I do see some here Okay, but it's not really what we want to see and look again that seller is still back at it Hey relentless one two three four Fifth time or there's even other areas. I believe we saw it I'm still sweeping the book Yeah, yeah, it is it the seller is still engaging still just a little bit higher. You're you're right um, but um the um They're they're still in here now a lot of times we've seen that maybe that seller just kind of gives up or you know, it's finished selling Maybe there was an exit Or maybe they they get trapped but You know, they keep sweeping that book And so that's true Even though it's it's still kind of going against them going a little bit higher and then they're sweeping it again So it depends. I mean, we've seen both We've seen that this larger player actually continues to do this And it starts to influence a lot of the other buyers Uh and sellers so more sellers start to start to enter and go along with that Other times we've seen them kind of stop and then we get like our You know our our um our squeeze On the buying back up above here. I I'm actually looking now for uh, the higher time frame like um You know, I would love to see more continuation here. I'm just these are small little candles in here Uh, we were looking for that potential extension um Not really seeing it Well We see some buying up here relative, um Volume here, but uh still really high liquidity here Large lot trackers showing that that showing us that It's likely around 450 or so contracts is one individual actor And well the buyers took them on Okay, now let's get our context in here. So they just traded into this high liquidity in here Do we still see buying pressure above it? Okay, not really Not yet Okay, so now do we get our sellers on the other side here? Yeah, I'm looking for sellers here around 2250 and then the potential move right back down into uh The swing small swing here, but also 19 looks pretty good. Yeah That's not happening not yet. Okay, so anyway, uh, there's something else I wanted to cover uh with the uh market pulse uh add-ons Uh that we're just releasing they're in beta right now. So, uh, I think you guys, um Well anyone who's part of the bookmap academy gets them for free Um, just go to uh bookmap.com We have a new link in here actually put together. So you can click on the more button and then go to uh Right here under community bookmap academy click on that and that'll take you to the new academy Well the the academy page we updated a little bit in here Uh and uh read about it. You can sign up And uh, you can get uh one of the benefits that you get is uh access to pre-released add-ons It like market pulse All right. So anyway, let's let's turn this on in here Uh, I want to show you not just market pulse, but I want to show you the absorption indicator All right, I'm going to use automatic mode in here now. You need to Download and install the new absorption indicator as well that works with market pulse Okay, so you will need that link um, you can inquire about it in the uh, uh applicants Academy applicants discord room All right. So anyway, uh, I've got an automatic mode. So 167 contracts in here or more then show me the absorption of that Uh, that's based off of the standard deviation of 30 minutes with a multiplier of 10 uh, and uh Now you can see it here in some of those cases where it's true, right? uh, 177 239 184 now all on the bid so far, which is pretty interesting um Wow, look at that. There's our larger player yet again Okay Uh, all right. So now Let's add market pulse in here. Um, we're going to try to look for an edge Hey absorption pressure Uh, let's go with absorption pressure and balance And let's click play. All right, and then we'll get rid of stops and icebergs in here and cvd All right Okay, well look at these little areas in here now. This is we can look at the Um, uh market pulse This is weird Should It's giving us a reading here A sub chart, but it's saying not enough data. That's that's odd Oh, it's loading. Okay Okay Still not enough data interesting. All right. Uh Why not All right, hold on a minute Uh, this is how that broadcast api works within book map Uh, we can look at the absorption indicator first, uh to make the filtering Data, I don't understand it. There should be plenty. We're getting an output down here All right. Well, let's just take this automatic mode down a bit and we should get more data here So it's down to 99 right now still says not enough data interesting. Let's close this one Open up Absorption pressure Try that one. Oh, okay. I understand. All right. So we're not getting enough data in here meaning like right now Uh from it, um, so it's it's retraced back to zero here That's what that means Okay, but that's why we're getting the output here in the sub chart now This is great though. Like the sub chart here can be used Uh to kind of very quickly back test This absorption indicator here in market pulse and this is how you can use this So we know that there was a lot of absorption on the bid in this area in here Which means that very very quickly Okay absorption indicators gonna show us Where a lot transacted very very quickly And failed to go a price lower here now I don't think this is actually a good reading in here. I think I've got too much too much data in here So, um, let's actually Pull that back again in here on the absorption indicator. Let's try that. All right Okay, so now start to line these things up, uh, you know, do we see uh at the swing here? You know good absorption. Uh, yeah, we do actually here and here And we're getting a kind of an output Um, uh, you can see that the spikes here in the absorption indicator now went into the green area here Which is a 70 threshold here just shy of it Um, and then in here, uh, we got it on the sell side on the way down so Yeah, this is uh, you know, we showed how to how to use this tool Uh in the back testing uh with the Volume pressure add on Okay, here we're looking at the absorption and looking at very specific areas here It were a lot traded but would uh very very quickly a lot traded but was failed to go another price Um move lower Okay, so therefore it must have been absorbed Yep So we can see the absorption in here on the offer Makes sense. This is also probably going to be a bit of an iceberg in here Take a look at that. Yeah, it is Okay All right, this is interesting. So a lot of absorption here on that sell side at the bottom here Okay So the the the seller in here these these guys are are are trying pretty hard uh to uh Kind of reverse this But there's still just more buyers kind of keep trickling in here All right, so how can you how can you use this tool? Well, this is this is um One of the ways that you can use this tool here Is to uh understand That after this book sweep here That they're on the offer uh absorbing That that buying pressure. Okay price wasn't able to move uh a tick higher here Okay, so very very big transactions uh into an iceberg uh here here we go here now it's starting to ping Uh here Okay, so uh, uh, we're getting another reading up in here Well makes sense. We see high liquidity there. Just got the transaction into that high liquidity All right, so now Let's start to look here Uh, we've got high liquidity up in here. Do we see more buying pressure? We've got our our absorption indicator here and here. So the scenario would be That uh, we would look for the selling here, uh, and uh and and for that selling to drop it lower All right, so um Uh, we're we're not seeing it. We're still seeing that buying pressure back up above it now We might get the squeeze okay, because we know the selling took place here. There's there's no question about that Hey, and it just took place again up here. Hey, we didn't get a absorption indicator telling us much but um Hold on a minute. All right, so let's let's take a look now. We got we went up here again Right traded into this high liquidity here high liquidity here Uh, and uh, we're looking for a scenario if if we're looking for the sellers to come back in again Uh, we got to get right down to here and we've got to see those big selling dots It it's as simple as that Uh, if uh, if the opposite starts to unfold in here Well, then these buyers can sweep that higher up into higher liquidity up in here Hey, uh, the um Maybe maybe we see that Larger seller finally just just capitulates and ends. He's finished I don't think so. I don't see him yet. I I'm looking for him and I'm looking for that book sweep lower Hey, so uh, uh, this is where we need to see them though. They have to be below here Hey at 25 And now we're looking for exhaustion up here. Maybe uh on the buy side We're looking for you can even look for the seller in here To try to reach 25 Okay, so if we do see something in here in this, uh, little range in here We we can also look for it. Uh, just down to 25 and that that's an edge in there So you you've got a point and a half under your belt Before looking for the bigger move Okay, and it's just simply not showing up Still getting buyers at higher levels here. Anyway It's these extreme levels that we're reading in here, uh to develop scenarios Hey, and you can very quickly back test some of these ideas in here Hey, am I getting a good reading? Is there something I can do with this information here? Yeah, I'm looking for a real nice squeeze actually to the upside here It's just the buying just keeps coming in. Oh, yeah, squeeze squeeze them hard now. Let's see it Let's see the move up into 30 Um, where are we here? Yeah. Yeah, we are starting to pick up momentum, uh a bit So, uh, our gap fill would be up here around 31 Okay We don't see much up here at 31, but uh 28 and 28 and a half and and 30 All right, let's see if we can get that quick move here I'm going to turn off absorption for now All right guys. Well, anyway, uh been kind of a grinding day up here, uh Noticing that larger seller behavior in here that continued to sell and sell and sell and then basically, uh as looks like they've just kind of given up, uh, and Now we're just looking for that that that sweep higher up into our our 30 level here Yeah, sometimes these we've seen this behavior turn the market around other times like They get upside down and and and feel the pressure I don't think that's them by this larger player behavior in here Might be but I don't think so I think that's just probably some profit taking Anyway, guys, let's uh, we'll wrap it up here. We went through the absorption indicator and and algo Uh in market pulse, uh and uh, you know trying to understand, uh How to how to back test that and get some, um insight like we were with also the uh support and resistance and the Volume pressure algo's in market pulse Again, you can get free access to that from the academy You have to be part of the academy and we're happy to give that out to you to to play around with So the slow down looks like uh, yeah, you that was your setup that we're your look We kind of mentioned, uh Looks like you grabbed it your spring. Um white cough spring there Yeah dip below and then the buyer's coming in. All right. I'm still looking for that squeeze here. We got Here's the fuel right here right see the selling in here uh, and You know could be some profit taking but uh, now we're just looking for this After this selling date and we're looking for a big stop run down here All right guys end of the european session here our london session just closing as well So we'll wrap it up. Uh, thanks for coming everybody and uh, we will continue on tomorrow. Uh, and uh, Hopefully we'll have more than just a grinding higher move like this here Something more to take a look at Yeah, thanks for coming everybody and uh, we'll we'll catch up tomorrow. Take care